{"id":562783,"date":"2021-06-07T04:00:14","date_gmt":"2021-06-07T04:00:14","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=562783"},"modified":"2025-12-16T03:51:00","modified_gmt":"2025-12-16T03:51:00","slug":"made-in-egypt-sinovac-coming-15-june-well-ahead-of-schedule","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/made-in-egypt-sinovac-coming-15-june-well-ahead-of-schedule\/","title":{"rendered":"Made-in-Egypt Sinovac&trade; coming 15 June \u2014 well ahead of schedule"},"content":{"rendered":"<section id=\"562785\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"562785\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">1<\/div>\r\n\r\n                    <p class=\"f-graphik\">What We're Tracking Today<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/this-morning-we-can-fly-to-morocco-again-on-15-june-g7-summit-this-week\/\">\r\n                            THIS MORNING: We can fly to Morocco again on 15 June + G7 summit this week.                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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June + G7 summit this week.\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=THIS+MORNING%3A+We+can+fly+to+Morocco+again+on+15+June+%2B+G7+summit+this+week.+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F06%2F07%2Fthis-morning-we-can-fly-to-morocco-again-on-15-june-g7-summit-this-week%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/this-morning-we-can-fly-to-morocco-again-on-15-june-g7-summit-this-week\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-562785\" class=\"content-area-description single-story post-562785 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-enterpriseam tag-food-and-beverage tag-morocco tag-saudi-arabia tag-trade tag-unesco tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_27645\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\">\n<p class=\"f-graphik\" style=\"font-size:14px\">Together with<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27482.svg\" alt=\"\" class=\"wp-image-27482\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><strong>Good morning, wonderful people, and welcome to a very brisk news day. <\/strong>This morning\u2019s top story is the very welcome news that the first doses of our Made-in-Egypt Sinovac jabs will roll off assembly lines in a little more than a week\u2019s time \u2014 substantially ahead of schedule.<\/p><p><strong>It\u2019s a quiet morning for international business news<\/strong>, which is a good thing considering how much there is to process here at home.<\/p><p><strong>***CATCH UP QUICK<\/strong> with the top stories from yesterday\u2019s edition of EnterprisePM:<\/p><ul>\n<li><strong>FinMin issues executive regs for Unified Tax Act:<\/strong> The <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/eebf8999-4d8f-4343-98cd-5513a881d101\">regulations<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/eebf8999-4d8f-4343-98cd-5513a881d101\"><\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/eebf8999-4d8f-4343-98cd-5513a881d101\">detail<\/a> how Egypt\u2019s newly-launched single tax portal will work and provide instructions to taxpayers on how to access and use it.<\/li>\n<li><strong>Emirates Advanced Investments launches bid for Alex Medical: <\/strong>The company has made a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/324b0f80-415a-4f55-93a2-f4bef5c8108d\">mandatory tender offer<\/a> for up to 100% of Alex Medical, joining at least six other companies who have expressed an interest in acquiring the company.<\/li>\n<li><strong>Sovereign sukuk bill gets early House nod: <\/strong>The House <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5fde8b70-ab4d-4f0e-9f5f-32c61fb59d72\">approved \u201cin principle\u201d<\/a> the long-awaited bill, which would pave the way for the government\u2019s inaugural sukuk issuance once it is signed into law.<\/li>\n<\/ul><p><strong>WHAT\u2019S HAPPENING THIS WEEK-<\/strong><\/p><p><strong>The 2021 G7 summit kicks off on Friday in the UK \u2014 and it\u2019s set to be an important <\/strong><strong>meeting.<\/strong> Leaders of the G7 group of rich nations \u2014 <a href=\"https:\/\/www.gov.uk\/government\/news\/g7-presidency-statement\">along with<\/a> Australia, India, Korea and South Africa \u2014 will gather in the UK on Friday for the three-day summit. Likely to be on the agenda: <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6f40e85f-6132-4035-a552-9b35ce8f655e\">The future of the global tax system<\/a>, climate change, and the small matter of who will pay to ensure the world\u2019s poorest countries have access to covid-19 vaccines (more on that in this morning\u2019s Covid Watch, below).<\/p><p><strong>We\u2019ll be able to travel to Morocco again as of 15 June<\/strong> after Rabat announced yesterday that it will lift its covid-induced ban on flights from Egypt and other countries, Moroccan state news agency <a href=\"http:\/\/www.mapnews.ma\/en\/actualites\/general\/flights-and-morocco-resume-june-15\">MAP<\/a> reports. Travellers from Egypt will be able to fly to Morocco provided they have proof of vaccination or a negative PCR test as of that date.<\/p><p><strong>We\u2019re still waiting for confirmation on when French Finance Minister Bruno Le Maire will be in town <\/strong>after ambassador St\u00e9phane Romatet suggested the minister would soon be in Cairo for a visit.<\/p><div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br>\n        <\/h4>\n<\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/p><\/div>\n<\/div>\n<\/div><p><strong>Unesco prizewinner Egyptian architect Salah El Din Hareedy passed away on <\/strong><strong>Saturday<\/strong> of covid-related complications, Alexandria University\u2019s Faculty of Fine Arts, where Hareedy had served as professor for several years, <a href=\"https:\/\/www.facebook.com\/FineArts.AlexU.Edu.Eg.Ar\/photos\/a.547181712049950\/3586009074833850\/\">announced<\/a>. Hareedy was part of a seven-strong team of Egyptian architects who <a href=\"https:\/\/worldarchitecture.org\/article-links\/evhmg\/egyptian-architects-win-alnouri-mosque-international-architecture-competition-in-mosul.html\">won in April<\/a> Unseco\u2019s design competition for the revival of Iraq\u2019s Al Nouri Mosque \u2014 a political and religious hub in Mosul that was destroyed in the battle against Islamic State in 2017. The team Hareedy led edged out more than 120 other with \u201cCourtyards Dialogue\u201d design for the 12th-century complex.<\/p><p><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p><p><strong>Inflation data for May<\/strong> will be released this week.<\/p><p><strong>Interest rates:<\/strong> The Central Bank of Egypt will meet Thursday, 17 June to review rates.<\/p><p><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p><p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/11\/CIRA-Blackboard-Banner-B.jpg?ssl=1\" alt=\"enterprise\"><\/p><p><strong>*** It\u2019s Blackboard day:<\/strong> We have our weekly look at the business of education in Egypt, from pre-K through the highest reaches of higher ed. Blackboard appears every Monday in Enterprise in the place of our traditional industry news roundups.<\/p><p><strong>In today\u2019s issue:<\/strong> Part 3 of our series on automation in education. Adaptive learning software \u2014 which offers automated learner feedback and basic follow-up tasks based on performance \u2014 is widely used in Egypt\u2019s international schools, <a href=\"https:\/\/enterprise.press\/blackboards\/automation-learning-egypts-international-schools-using-adaptive-learning\/\">we reported previously<\/a>. But even more advanced AI education software has also started to appear in Egypt. We look at how several schools are using <a href=\"https:\/\/www.century.tech\/\">Century Tech<\/a>, an advanced machine learning platform that builds personalized learning paths for students. It offers greater precision in identifying knowledge gaps, much more data, and could even rival teachers in helping students remember and understand information.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/food-and-beverage\/\">food and beverage<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/morocco\/\">Morocco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/unesco\/\">UNESCO<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-today\/\">What We&#039;re Tracking Today<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"562786\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"562786\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/562786\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-562786\" class=\"content-area-description single-story post-562786 post type-post status-publish format-standard hentry category-uncategorized wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class=\"web-image\"><a href=\"https:\/\/somabay.com\/\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/SOMA-ENTERPRISE-SAIL-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"562787\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"562787\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">COVID WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/vacsera-to-finish-first-batch-of-egypt-made-sinovac-shots-on-15-june\/\">\r\n                            Vacsera to finish first batch of Egypt-made Sinovac shots on 15 June                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/vacsera-to-finish-first-batch-of-egypt-made-sinovac-shots-on-15-june\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/vacsera-to-finish-first-batch-of-egypt-made-sinovac-shots-on-15-june\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/vacsera-to-finish-first-batch-of-egypt-made-sinovac-shots-on-15-june\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Vacsera to finish first batch of Egypt-made Sinovac shots on 15 June&url=https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/vacsera-to-finish-first-batch-of-egypt-made-sinovac-shots-on-15-june\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/vacsera-to-finish-first-batch-of-egypt-made-sinovac-shots-on-15-june\/&title=Vacsera to finish first batch of Egypt-made Sinovac shots on 15 June\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Vacsera+to+finish+first+batch+of+Egypt-made+Sinovac+shots+on+15+June+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F06%2F07%2Fvacsera-to-finish-first-batch-of-egypt-made-sinovac-shots-on-15-june%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/vacsera-to-finish-first-batch-of-egypt-made-sinovac-shots-on-15-june\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-562787\" class=\"content-area-description single-story post-562787 post type-post status-publish format-standard hentry category-covid-watch tag-covid-19 tag-enterpriseam tag-vaccines wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a id=\"tldr-story-01\" class=\"content-anchor\"><\/a><strong> Made In Egypt Sinovac\u2122 coming 15 June: <\/strong>The first locally-manufactured Sinovac vaccines will be ready on 15 June, Health Minister Hala Zayed told El Hekaya\u2019s Amr Adib last night (<a href=\"https:\/\/www.youtube.com\/watch?v=Sc9e0F8mrRg\">watch, runtime: 1:39<\/a>). The shots will undergo a final analysis before being dispatched to clinics, she said.<\/p>\n<p><strong>This is much earlier than expected:<\/strong> Only last week the ministry was saying that the first shots <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/edf2a649-5f56-4ac0-9ac6-42c25d9a82be\">would be ready at the end of June<\/a>.<\/p>\n<p><strong>We could soon start producing an undisclosed European vaccine:<\/strong> New production lines expected to come online at Sixth of October City will pave the way for Egypt to \u201csoon\u201d contract with a European company to locally produce its jab through Vacsera, Zayed added (<a href=\"https:\/\/www.youtube.com\/watch?v=AiwQWO4DGHg\">watch, runtime: 0:42<\/a>). The minister didn\u2019t name the vaccine or say when an agreement could be reached. The EU pledged in May to invest at least EUR 1 bn to expand vaccine manufacturing capacity in Africa, with <a href=\"https:\/\/www.reuters.com\/world\/africa\/exclusive-boost-africa-senegal-aims-make-covid-shots-next-year-2021-06-06\/\">Egypt among the leading candidates<\/a> for investment.<\/p>\n<p><strong>Expect intense lobbying at the British embassy in the coming days as Egypt tries to<\/strong> <strong>make a swift exit from the UK\u2019s \u201cred list\u201d:<\/strong> Zayed told Adib that she requested to meet virtually with the UK\u2019s ambassador to Egypt, Geoffrey Adams, to discuss <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/49d984c1-3825-437c-b742-2fce3cf21689\">the UK government\u2019s decision<\/a> to place Egypt on its \u201cred list\u201d (<a href=\"https:\/\/www.youtube.com\/watch?v=NFlYU6IDlQY\">watch, runtime: 2:12<\/a>). The move, effective tomorrow, means that travellers entering the UK from Egypt will be required to pay GBP 1,750 for a mandatory 10-day hotel quarantine, effectively quashing British tourism to Egypt for the foreseeable future. Zayed said face-to-face meetings will take place with the ambassador when he returns to the country, allowing the government to argue its case that covid cases are falling and its vaccination campaign is picking up steam.<\/p>\n<p><strong>The Health Ministry <\/strong><strong><a href=\"https:\/\/www.facebook.com\/egypt.mohp\/posts\/398093481741270\">reported<\/a><\/strong><strong> 801 new covid-19 infections yesterday<\/strong>, down from 821 the day before. Egypt has now disclosed a total of 267,972 confirmed cases of covid-19. The ministry also reported 43 new deaths, bringing the country\u2019s total death toll to 15,352.<\/p>\n<p><strong>Calls increase for G7 to stump up money for global vaccine rollout:<\/strong> One hundred ex-presidents, prime ministers and foreign ministers have joined calls for the G7 to pay for vaccinating people in developing countries, according to a letter seen by <a href=\"https:\/\/www.theguardian.com\/world\/2021\/jun\/06\/covid-global-leaders-urge-g7-to-help-vaccinate-worlds-poorest\">the Guardian<\/a> ahead of this year\u2019s G7 meeting in the UK on Friday. A total of 230 global figures have urged the world\u2019s richest countries to cover two-thirds of the USD 66 bn needed to produce and distribute vaccines to poorer countries.<\/p>\n<p><strong>Senegal is hoping to become a covid vaccine production hub for West Africa<\/strong>, with plans to begin manufacturing vaccines locally next year under an agreement with Belgian biotech group Univercells, <a href=\"https:\/\/www.reuters.com\/world\/africa\/exclusive-boost-africa-senegal-aims-make-covid-shots-next-year-2021-06-06\/\">Reuters<\/a> reports. Senegal aims to produce 300 mn doses by the end of next year. Only 7 mn of Africa\u2019s 1.3 bn population have been vaccinated against covid-19 to date.<\/p>\n<p><strong>As if supply shortages weren\u2019t enough: <\/strong>The proliferation of fake covid-19 vaccines on the continent is threatening to undermine Africa\u2019s vaccination efforts, the <a href=\"https:\/\/www.wsj.com\/articles\/fake-covid-19-vaccines-pose-new-threat-in-africa-11622971955?mod=hp_lead_pos3\">Wall Street Journal<\/a>reports. Some 2.4k doses of fake vaccines were found at a warehouse in South Africa, with Interpol describing the seizure as \u201conly the tip of the iceberg when it comes to Covid-19 vaccine related crime.\u201d Pfizer has said it has also identified fake versions of its vaccine in Poland and Mexico.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/vaccines\/\">vaccines<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"562788\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"562788\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">LEGISLATION WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/the-taxman-rings-twice\/\">\r\n                            The taxman rings twice                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/the-taxman-rings-twice\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/the-taxman-rings-twice\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/the-taxman-rings-twice\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=The taxman rings twice&url=https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/the-taxman-rings-twice\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/the-taxman-rings-twice\/&title=The taxman rings twice\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=The+taxman+rings+twice+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F06%2F07%2Fthe-taxman-rings-twice%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/the-taxman-rings-twice\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/87.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"562789\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/the-taxman-rings-twice\/87-jpg-12\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/87.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"87.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/87.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/87.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-562788\" class=\"content-area-description single-story post-562788 post type-post status-publish format-standard has-post-thumbnail hentry category-legislation-watch tag-digital-economy tag-e-commerce tag-enterpriseam tag-legislation-watch tag-mohamed-maait tag-tax tag-vat wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>We\u2019re going to be charged 14% VAT on all online delivery services provided <\/strong><strong>by r<\/strong><strong>estaurants and shops<\/strong>, according to an <a href=\"https:\/\/ent.news\/2021\/6\/%D8%A7%D9%84%D8%B9%D8%AF%D8%AF-123%D8%AA%D8%A7%D8%A8%D8%B9-%D8%A8-%D9%85%D8%A4%D9%85%D9%86.pdf\">executive amendment to the VAT Act (pdf)<\/a> announced by Finance Minister Mohamed Maait yesterday. The law came into force last Thursday, 3 June.<\/p>\n<p><strong>What was happening before?<\/strong> Only some companies were required to collect and remit VAT on delivery fees under the original VAT Act. Under <a href=\"https:\/\/ent.news\/2021\/6\/Law-no.-82-for-2017..pdf\">the law (pdf)<\/a>, retail and restaurant chains, tourist-trap restaurants, as well as retail stores and restaurants in airports and shopping malls, were required to charge the 14% levy on delivery fees. Individual shops and traders, meanwhile, were able to sell goods online without collecting VAT from the buyer.<\/p>\n<p><strong>What\u2019s new?<\/strong> All restaurants and businesses with more than EGP 500k in annual revenues will have to charge and remit VAT on online delivery services, director of taxpayer services at the Egyptian Tax Authority Mohsen El Gayar told Enterprise yesterday. This is part of the state\u2019s efforts to outline <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4b1f73ee-3ff8-4adf-8b9f-dbfcd00e99c0\">a framework for taxing e-commerce sales<\/a>, he said.<\/p>\n<p><strong>This will help the government raise tax receipts:<\/strong> The Finance Ministry is looking to increase tax collection by 18% <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6f10ef3d-eec0-4f11-a112-c1dee1ee9780\">in the coming fiscal year<\/a>, targeting total tax revenues of EGP 983 bn during FY2021-2022. The draft budget currently sees VAT revenues falling slightly, though it is unknown whether the additional tax on delivery services was factored into the ministry\u2019s original calculations.<\/p>\n<p><strong>The amendment is the latest in a series of moves taken by the government to collect VAT on digital services: <\/strong>In October 2018, we had <a href=\"https:\/\/enterprise.press\/stories\/2018\/10\/16\/online-retailers-now-have-to-charge-and-remit-vat\/\">reported<\/a> that the Finance Ministry has notified e-commerce platforms such as Souq, Jumia and OLX that they\u2019ll be required to begin charging VAT on all transactions in goods that would be subject to VAT if sold offline. These companies have been required since then to settle their VAT payments to the government at the end of every month as other retailers do.<\/p>\n<p><strong>Where does Big Tech stand in all this?<\/strong> The government is <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4b1f73ee-3ff8-4adf-8b9f-dbfcd00e99c0\">reportedly drawing up separate VAT<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4b1f73ee-3ff8-4adf-8b9f-dbfcd00e99c0\">amendments<\/a> that would require overseas technology companies to collect VAT on digital transactions. The specifics of the amendments remain unknown, as do their relation to the draft E-Commerce Act, which is also supposed to put in place a framework for taxing tech.<\/p>\n<p><strong>IN OTHER LEGISLATION NEWS-<\/strong> <strong>The House of Representatives has given preliminary approval to the long-awaited <\/strong><strong>Sovereign Sukuk Act<\/strong>, <a href=\"https:\/\/bit.ly\/3fW9ZVb\">Youm7<\/a> reports. The bill, which would pave the way for the government to begin issuing sharia-compliant bonds, will be put to a final vote during an upcoming plenary session.<\/p>\n<p><strong>The House SMEs committee yesterday approved a USD 50 mn loan <\/strong>from the Kuwait-based Arab Fund for Economic and Social Development that will support Egyptian SMEs, according to <a href=\"https:\/\/bit.ly\/3pDc0sV\">Youm7<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/digital-economy\/\">digital economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/e-commerce\/\">e-commerce<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/legislation-watch\/\">Legislation Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mohamed-maait\/\">Mohamed Maait<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tax\/\">tax<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/vat\/\">VAT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"562790\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"562790\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/562790\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-562790\" class=\"content-area-description single-story post-562790 post type-post status-publish format-standard hentry category-uncategorized wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class=\"web-image\"><a href=\"https:\/\/e2-alamein.com\/\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/IDG-Ad-Week-3-Logistics-1600-x-1200.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p>\n<p><strong>Warehousing facilities at a secure, smart industrial park <\/strong>that can accommodate your needs and place you at the center of Egypt\u2019s North Coast is why you should choose e<sup>2<\/sup> Alamein this summer. Between advanced, customizable properties that you can lease, our prime location near vital North Coast spots, and our ability to facilitate your licensing and permissions, you can enjoy the benefits of high quality and secure warehousing while saving the costs of long-distance shipping. Powered by Industrial Development Group, e<sup>2<\/sup> Alamein offers smart investments for temporary business \u2014 and is right where your business should be this summer.<\/p>\n<p>For more information, visit <a href=\"http:\/\/e2-alamein.com\/\">e2-alamein.com<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"562791\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"562791\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">IPO<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/egypt-posts-private-equity-arm-could-be-heading-to-the-egx\/\">\r\n                            Egypt Post\u2019s private equity arm could be heading to the EGX                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/egypt-posts-private-equity-arm-could-be-heading-to-the-egx\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/egypt-posts-private-equity-arm-could-be-heading-to-the-egx\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/egypt-posts-private-equity-arm-could-be-heading-to-the-egx\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt Post\u2019s private equity arm could be heading to the EGX&url=https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/egypt-posts-private-equity-arm-could-be-heading-to-the-egx\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/egypt-posts-private-equity-arm-could-be-heading-to-the-egx\/&title=Egypt Post\u2019s private equity arm could be heading to the EGX\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+Post%E2%80%99s+private+equity+arm+could+be+heading+to+the+EGX+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F06%2F07%2Fegypt-posts-private-equity-arm-could-be-heading-to-the-egx%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/egypt-posts-private-equity-arm-could-be-heading-to-the-egx\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/88.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"562792\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/egypt-posts-private-equity-arm-could-be-heading-to-the-egx\/88-jpg-15\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/88.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"88.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/88.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/88.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-562791\" class=\"content-area-description single-story post-562791 post type-post status-publish format-standard has-post-thumbnail hentry category-ipo-watch tag-egx tag-egypt-post tag-enterpriseam tag-ipo-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>Egypt Post plans to debut <\/strong><strong>its <\/strong><strong>private equity arm <\/strong><strong><a href=\"http:\/\/pfi.com.eg\/\">Post for Investment (PFI)<\/a><\/strong><strong> on the <\/strong><strong>EGX<\/strong>, Chairman Sharif Farouk said in an interview with CNBC Arabia (<a href=\"https:\/\/bit.ly\/3z6t66E\">watch, runtime 2:28<\/a>). Market conditions and appetite from foreign investors will determine the timing and size of the offering, he said, adding that preparations for the IPO should wrap up by the end of this fiscal year.<\/p>\n<p><strong>PFI is a private equity firm <\/strong>that invests in industries including telecom, non-bank financial services, outdoor ads, and real estate. It is 100%-owned by Egypt Post. The company has stakes in bold-name businesses including Etisalat Misr, microfinance player Tamweely and <a href=\"https:\/\/www.ayadyegypt.com\/\">Ayady<\/a>.<\/p>\n<p><strong>2021 could see <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/105f08f3-7047-411b-b2e6-02bb8b82c180\">as many as five companies<\/a><\/strong><strong> list or offer shares<\/strong> after the EGX debut of <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/48ddada3-0016-47a8-a9e6-201cb9d0cca7\">healthcare giant IDH<\/a> and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/94e97ae5-4a3e-46a4-8dca-243163201344\">higher education unit Taleem<\/a> earlier this year. Misr Ins.Holding also recently announced plans to offer <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b6479909-3227-4b09-b323-f50021ec4c33\">25% of its subsidiary Misr Life<\/a> in an IPO by the end of this year or in early 2022.<\/p>\n<p><strong>OTHER IPO NEWS- Real estate developer <\/strong><strong><a href=\"https:\/\/arkanemadeissa.com\/en\/\">Arkan Group<\/a><\/strong><strong> is planning a possible IPO <\/strong><strong>of its education subsidiary <\/strong>Arkan Education Services, the company said in a <a href=\"https:\/\/www.zawya.com\/mena\/ar\/press-releases\/story\/%D8%A3%D8%B1%D9%83%D8%A7%D9%86_%D8%AC%D8%B1%D9%88%D8%A8_%D8%AA%D8%B9%D8%AA%D8%B2%D9%85_%D8%AF%D8%AE%D9%88%D9%84_%D8%B3%D9%88%D9%82_%D8%A7%D9%84%D9%85%D8%A7%D9%84_%D9%88%D8%A7%D9%84%D8%A8%D9%88%D8%B1%D8%B5%D8%A9_%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A%D8%A9-ZAWYA20210606084345\/\">statement<\/a>. Preparations for the listing will take around two years to complete, Chairman Emad Eissa said, adding that the group is currently restructuring Arkan Education into a joint stock company.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-post\/\">Egypt Post<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ipo-watch\/\">IPO watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"562793\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"562793\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">Infrastructure<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/orascom-metito-deliver-east-port-said-desalination-plant\/\">\r\n                            Orascom, Metito deliver East Port Said desalination plant                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/orascom-metito-deliver-east-port-said-desalination-plant\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/orascom-metito-deliver-east-port-said-desalination-plant\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/orascom-metito-deliver-east-port-said-desalination-plant\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Orascom, Metito deliver East Port Said desalination plant&url=https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/orascom-metito-deliver-east-port-said-desalination-plant\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/orascom-metito-deliver-east-port-said-desalination-plant\/&title=Orascom, Metito deliver East Port Said desalination plant\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Orascom%2C+Metito+deliver+East+Port+Said+desalination+plant+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F06%2F07%2Forascom-metito-deliver-east-port-said-desalination-plant%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/orascom-metito-deliver-east-port-said-desalination-plant\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/90.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"562794\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/orascom-metito-deliver-east-port-said-desalination-plant\/90-jpg-14\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/90.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"90.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/90.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/90.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-562793\" class=\"content-area-description single-story post-562793 post type-post status-publish format-standard has-post-thumbnail hentry category-infrastructure tag-east-port-said tag-enterpriseam tag-infrastructure tag-metito tag-water wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a id=\"tldr-story-04\" class=\"content-anchor\"><\/a> <strong>A consortium of Orascom <\/strong><strong>Construction (OC) and<\/strong><strong>\u00a0water treatment company <\/strong><strong><a href=\"https:\/\/www.metito.com\/\">Metito<\/a><\/strong> <strong>has delivered a USD 130 mn seawater desalination plant in East Port Said<\/strong>, with a total capacity of 150k cubic meters per day (cbm\/d), Metito said in a <a href=\"https:\/\/ent.news\/2021\/6\/Metito-East-Port-Said-ENG-FINAL.pdf\">statement<\/a><a href=\"https:\/\/ent.news\/2021\/6\/Metito-East-Port-Said-ENG-FINAL.pdf\">(pdf)<\/a>. The plant is expected to serve almost 1 mn citizens and will minimize its environmental impact by disposing of wastewater safely and employing energy-saving technologies.<\/p>\n<p><strong>Metito has big plans for water projects in Egypt: <\/strong>The company announced last month that it would allocate <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ee06983b-8ffe-4c11-bbe2-52d43c8376d0\">50% of the USD 20 mn loan<\/a> it secured from the International Finance Corporation to its Egypt unit. Metito, alongside OC and Hassan Allam Construction, was recently awarded the construction of the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/937f8328-b0fc-4e1f-84d9-893ddd22fc8f\">El Hamam agricultural wastewater plant<\/a>, which the companies claim is the largest of its kind in the world.<\/p>\n<p><strong>Metito and Hassan Allam have already completed <\/strong>the 1 mn cbm\/d Al Mahmasa agriculture wastewater treatment inaugurated last year, and an EGP 2 bn desalination plant in El Galala City with a capacity of 150k cbm\/d. This all comes as part of the government\u2019s <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/12d4c1c2-ac99-4426-9e61-239bfaac9174\">USD 50 bn multi-year water-saving plan<\/a> through 2037.<\/p>\n<p><strong>IN OTHER INFRASTRUCTURE NEWS-<\/strong><\/p>\n<p><strong>Hassan Allam <\/strong><strong>Construction has begun work on a project to revitalize Saint <\/strong><strong>Catherine city in South Sinai<\/strong>, a company source told Enterprise yesterday. The build construct hotels and eco hostels as part of a wider \u064f<a href=\"https:\/\/bit.ly\/2T4NO6a\">EGP 3 bn<\/a> project to develop the area\u2019s tourism and transportation infrastructure. <a href=\"https:\/\/bit.ly\/2T5OQyP\">Al Mal<\/a> reported earlier in the day that Hassan Allam is working with <a href=\"https:\/\/www.abnaasinai.com\/\">Abnaa Sinai<\/a> on the project, a claim our source denies.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/east-port-said\/\">East Port Said<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/metito\/\">Metito<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/water\/\">water<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"562795\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"562795\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">Startup watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/e-commerce-platform-tejarra-and-fintech-player-moneyhash-raise-separate-six-figure-usd-rounds\/\">\r\n                            E-commerce platform Tejarra and fintech player MoneyHash raise separate six-figure USD rounds                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/e-commerce-platform-tejarra-and-fintech-player-moneyhash-raise-separate-six-figure-usd-rounds\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/e-commerce-platform-tejarra-and-fintech-player-moneyhash-raise-separate-six-figure-usd-rounds\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/e-commerce-platform-tejarra-and-fintech-player-moneyhash-raise-separate-six-figure-usd-rounds\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=E-commerce platform Tejarra and fintech player MoneyHash raise separate six-figure USD rounds&url=https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/e-commerce-platform-tejarra-and-fintech-player-moneyhash-raise-separate-six-figure-usd-rounds\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/e-commerce-platform-tejarra-and-fintech-player-moneyhash-raise-separate-six-figure-usd-rounds\/&title=E-commerce platform Tejarra and fintech player MoneyHash raise separate six-figure USD rounds\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=E-commerce+platform+Tejarra+and+fintech+player+MoneyHash+raise+separate+six-figure+USD+rounds+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F06%2F07%2Fe-commerce-platform-tejarra-and-fintech-player-moneyhash-raise-separate-six-figure-usd-rounds%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/e-commerce-platform-tejarra-and-fintech-player-moneyhash-raise-separate-six-figure-usd-rounds\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/92.jpeg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"562796\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/e-commerce-platform-tejarra-and-fintech-player-moneyhash-raise-separate-six-figure-usd-rounds\/92-jpeg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/92.jpeg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"92.jpeg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/92.jpeg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/92.jpeg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-562795\" class=\"content-area-description single-story post-562795 post type-post status-publish format-standard has-post-thumbnail hentry category-startup-watch tag-e-commerce tag-enterpriseam tag-fintech tag-openner tag-startup-watch tag-venture-building tag-venture-capital wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>Egyptian e<\/strong><strong>-commerce platform <\/strong><strong><a href=\"http:\/\/tejarra.com\/\">Tejarra.com<\/a><\/strong><strong> has raised a six-figure USD seed <\/strong><strong>investment from venture capital <\/strong><strong>firm Openner, <\/strong>according to a <a href=\"https:\/\/ent.news\/2021\/6\/Press-Release-Openner-backs-rising-e-commerce-platform-tejarra.com-with-a-6-figure-USD-seed-investment.docx.pdf\">press release (pdf)<\/a>. Openner will provide technical support, expertise, and other resources to help \u201cthe platform\u2019s marketing and sales operations as well as its market success and positioning\u201d through a so-called \u201cventure building\u201d model.<\/p>\n<p><strong>About the company:<\/strong> Launched in January by CEO Islam Erfan (<a href=\"https:\/\/www.linkedin.com\/in\/islam-erfan-55a9ab15\/?originalSubdomain=eg\">LinkedIn<\/a>), Tejarra is a consumer electronics marketplace that has attracted more than 50 vendors to its platform offering more than 18k products. The startup wants to grow sales to EGP 100 mn by the end of the year and will focus on both B2C and B2B transactions.<\/p>\n<p><strong>Openner is getting more involved in the Egyptian tech scene<\/strong>, <a href=\"https:\/\/enterprise.press\/stories\/2020\/10\/20\/vc-firm-openner-to-invest-usd-5-mn-in-50-egyptian-tech-startups-in-two-years-23541\/\">announcing in October<\/a> that it would invest USD 5 mn into as many as 50 Egyptian tech startups over the next two years. The Washington-based, Middle East and Africa-focused VC outfit bills itself as a \u201cventure builder\u201d as it both invests in and works closely to help startup founders implement ideas on the ground.<\/p>\n<p><strong>Check out this afternoon\u2019s edition of Enterprise PM for our exclusive sit-down with Openner\u2019s Egypt managing director, Ahmed ElSherif<\/strong>, who spoke to us about Openner\u2019s approach, what it has in store, and how the \u201cventure building\u201d model might just be what venture capital in Egypt needs.<\/p>\n<p><strong>ALSO FROM PLANET STARTUP-<\/strong><\/p>\n<p><strong>Fintech startup <\/strong><strong><a href=\"https:\/\/moneyhash.io\/\">MoneyHash<\/a><\/strong><strong> has closed a six-figure USD pre-seed round<\/strong> led by <a href=\"https:\/\/www.cotu.vc\/\">COTU<\/a><a href=\"https:\/\/www.cotu.vc\/\"><\/a><a href=\"https:\/\/www.cotu.vc\/\">Ventures<\/a>, with participation from the <a href=\"https:\/\/www.venturesplatform.com\/\">Ventures Platform<\/a>, <a href=\"https:\/\/kepple-africa-ventures.com\/home_eng\">Kepple Africa Ventures<\/a>, and angel investors, the company announced in <a href=\"https:\/\/www.notion.so\/MoneyHash-Raises-Six-Figure-Pre-Seed-to-Build-the-Middle-East-and-Africa-s-First-Payment-and-Fintech-c079122f1a9f4cab954e0881b8e9df3b\">a statement<\/a>.<\/p>\n<p><strong>About MoneyHash:<\/strong> Founded by Egyptians Nader Abdelrazik and Mustafa Eid as well as American Anisha Sekar last year, the US-based company is developing a unified platform that allows companies to offer customers payment and fintech services at checkout as well as to collect data and track analytics through a single dashboard. The company plans to launch in Egypt, Saudi Arabia and the UAE and be up and running \u201cin various countries\u201d in the Middle East and Africa by 2022.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/e-commerce\/\">e-commerce<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fintech\/\">Fintech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/openner\/\">Openner<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startup-watch\/\">Startup watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/venture-building\/\">venture building<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/venture-capital\/\">venture capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"562797\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"562797\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">SMEs<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/more-help-is-on-the-way-for-smes-courtesy-of-afreximbank\/\">\r\n                            More help is on the way for SMEs, courtesy of Afreximbank                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/more-help-is-on-the-way-for-smes-courtesy-of-afreximbank\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/more-help-is-on-the-way-for-smes-courtesy-of-afreximbank\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/more-help-is-on-the-way-for-smes-courtesy-of-afreximbank\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=More help is on the way for SMEs, courtesy of Afreximbank&url=https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/more-help-is-on-the-way-for-smes-courtesy-of-afreximbank\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/more-help-is-on-the-way-for-smes-courtesy-of-afreximbank\/&title=More help is on the way for SMEs, courtesy of Afreximbank\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=More+help+is+on+the+way+for+SMEs%2C+courtesy+of+Afreximbank+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F06%2F07%2Fmore-help-is-on-the-way-for-smes-courtesy-of-afreximbank%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/more-help-is-on-the-way-for-smes-courtesy-of-afreximbank\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-562797\" class=\"content-area-description single-story post-562797 post type-post status-publish format-standard hentry category-smes tag-afreximbank tag-banking tag-development-finance tag-enterpriseam tag-smes tag-trade tag-united-bank wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>Afreximbank will loan United Bank USD 600 mn for on-lending to SMEs and to support trade <\/strong><strong>finance<\/strong>, <a href=\"https:\/\/bit.ly\/3clLoHi\">Masrawy<\/a> reports, citing sources it says are in the know. Afreximbank provided a credit facility of the same amount to the bank last year to help SMEs access financing during the covid-19 pandemic, the sources said. The African multilateral lender provided <a href=\"https:\/\/bit.ly\/3fUSuVd\">almost USD 5 bn to Egypt<\/a> last year, including <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4cf1edfe-551d-43cc-ab65-ec4dcccbeaa8\">USD 3.55 bn<\/a> to the banking sector to support the economy through the pandemic.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/afreximbank\/\">AfreximBank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/development-finance\/\">development finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/smes\/\">SMEs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/united-bank\/\">United Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"562798\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"562798\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">Moves<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/albert-shafiq-named-chairman-of-on-tv-network\/\">\r\n                            Albert Shafiq named chairman of ON TV Network                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/albert-shafiq-named-chairman-of-on-tv-network\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/albert-shafiq-named-chairman-of-on-tv-network\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/albert-shafiq-named-chairman-of-on-tv-network\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Albert Shafiq named chairman of ON TV Network&url=https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/albert-shafiq-named-chairman-of-on-tv-network\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/albert-shafiq-named-chairman-of-on-tv-network\/&title=Albert Shafiq named chairman of ON TV Network\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Albert+Shafiq+named+chairman+of+ON+TV+Network+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F06%2F07%2Falbert-shafiq-named-chairman-of-on-tv-network%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/albert-shafiq-named-chairman-of-on-tv-network\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-562798\" class=\"content-area-description single-story post-562798 post type-post status-publish format-standard hentry category-moves tag-enterpriseam tag-moves tag-united-media-services-company wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>United Media Services Company has appointed Albert Shafiq as the chairman of<\/strong> <strong>ON TV Network<\/strong>, the company said in a <a href=\"https:\/\/www.facebook.com\/ONtv\/posts\/4592950124048417\">statement<\/a><sup><\/sup>. Shafiq was previously the chairman of Al Nahar TV Network in 2016 before being appointed the chairman of Extra News TV Channel. Shafiq also supervised the development of Egyptian state TV channel Al Oula. He founded Egypt's ON TV channel in 2008, and ON TV Live in 2011, as well as ONA News Agency in 2012. This comes less than two weeks after UMS <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b6479909-3227-4b09-b323-f50021ec4c33\">reshuffled its board of directors<\/a>. The company has also said it plans to list on the EGX and is looking to launch a regional news channel.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/moves\/\">moves<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/united-media-services-company\/\">United Media Services Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"562799\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"562799\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/562799\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-562799\" class=\"content-area-description single-story post-562799 post type-post status-publish format-standard hentry category-uncategorized wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class=\"web-image\"><a href=\"https:\/\/www.sodic.com\/\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/Sodic-The-Estate1-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"562800\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"562800\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/made-in-egypt-sinovac-jabs-natgas-minibuses-the-flavors-of-the-night-on-the-talk-shows\/\">\r\n                            Made In Egypt Sinovac jabs + natgas minibuses the flavors of the night on the talk shows                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/made-in-egypt-sinovac-jabs-natgas-minibuses-the-flavors-of-the-night-on-the-talk-shows\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/made-in-egypt-sinovac-jabs-natgas-minibuses-the-flavors-of-the-night-on-the-talk-shows\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/made-in-egypt-sinovac-jabs-natgas-minibuses-the-flavors-of-the-night-on-the-talk-shows\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Made In Egypt Sinovac jabs + natgas minibuses the flavors of the night on the talk shows&url=https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/made-in-egypt-sinovac-jabs-natgas-minibuses-the-flavors-of-the-night-on-the-talk-shows\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/made-in-egypt-sinovac-jabs-natgas-minibuses-the-flavors-of-the-night-on-the-talk-shows\/&title=Made In Egypt Sinovac jabs + natgas minibuses the flavors of the night on the talk shows\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Made+In+Egypt+Sinovac+jabs+%2B+natgas+minibuses+the+flavors+of+the+night+on+the+talk+shows+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F06%2F07%2Fmade-in-egypt-sinovac-jabs-natgas-minibuses-the-flavors-of-the-night-on-the-talk-shows%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/made-in-egypt-sinovac-jabs-natgas-minibuses-the-flavors-of-the-night-on-the-talk-shows\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-562800\" class=\"content-area-description single-story post-562800 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-covid-19 tag-energy tag-enterpriseam tag-last-nights-talk-shows tag-natgas-transition-scheme tag-sinovac tag-transport tag-vaccines wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Covid dominated the conversation on the nation\u2019s airwaves last night<\/strong> as Health Minister Hala Zayed announced that the first batch of made-in-Egypt Sinovac jabs will be finished by 15 June. We have more in this morning\u2019s Covid Watch, above.<\/p>\n<p><strong>There was time to discuss the Finance Ministry\u2019s <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a610585a-834c-4966-ab56-e93167934e00\">recent expansion<\/a><\/strong><strong> of its natgas<\/strong> <strong>transition scheme<\/strong>, through which it\u2019ll allow owners of 20+ year-old microbuses to apply for the first phase of the government\u2019s natgas vehicle swap scheme starting July. The ministry will provide dated microbus owners with support of 25% of the new vehicle\u2019s total value \u2014 which should not exceed EGP 65k \u2014 to help cover the down payment to make the switch, spokesperson of the Automobile Financing Fund Tarek Awad said in a phone-in to Kelma Akhira (<a href=\"https:\/\/www.youtube.com\/watch?v=SzbfpHdH5uI\">watch, runtime: 6:54<\/a>) last night. The remaining cost of the vehicle will be paid over seven to 10 years in installments at reduced rates of as much as 3% under a financing program backed by the Central Bank of Egypt, in addition to life and auto ins. coverage at discounted rates, according to Awad. Masaa DMC also had coverage of the Finance Ministry\u2019s latest move (<a href=\"https:\/\/www.youtube.com\/watch?v=gul0H-byTnY\">watch, runtime: 8:50<\/a>).<\/p>\n<p><strong>Also on the airwaves last night:<\/strong><\/p>\n<ul>\n<li><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/00e2af73-10ae-42d6-9c1c-b34a31a79bb1\">A draft bill<\/a><\/strong><strong> permitting the automatic<\/strong><strong> dismissal<\/strong><strong> of civil servants<\/strong>, which was handed preliminary approval by the House yesterday, would primarily be applied to those who have been blacklisted in terrorism-related crimes, targeting the outlawed Muslim Brotherhood, Rep. Atef Maghawry said. (Kelma Akhira | <a href=\"https:\/\/www.youtube.com\/watch?v=9P99QMZ_5CU\">watch, runtime: 11:39<\/a>)<\/li>\n<li><strong>The Transport Ministry has agreed to establish three new highways in Cairo and Giza<\/strong>, spanning 100 kms in length and costing EGP 3.5 bn, Minister Kamel El Wazir said. (Ala Mas\u2019ouleety | <a href=\"https:\/\/www.youtube.com\/watch?v=UepbgPlIcr4&t=1s\">watch, runtime: 4:00<\/a>)<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/last-nights-talk-shows\/\">LAST NIGHT\u2019S TALK SHOWS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 .stk-block-carousel__button svg.ugb-custom-icon :is(g, path, rect, polygon, ellipse){fill:#FFFFFF 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draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240923.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/efghldg.com\/en\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27488.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Realize More<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-4egpep0\" data-v=\"4\" data-block-id=\"4egpep0\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-4egpep0-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-4egpep0-inner-blocks\">\r\n            <div 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data-block-id=\"yhzpz4x\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-yhzpz4x-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-yhzpz4x-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240926.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.qalaaholdings.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/110691.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Driving growth<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-left\" class=\"svg-inline--fa fa-chevron-left\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M34.52 239.03L228.87 44.69c9.37-9.37 24.57-9.37 33.94 0l22.67 22.67c9.36 9.36 9.37 24.52.04 33.9L131.49 256l154.02 154.75c9.34 9.38 9.32 24.54-.04 33.9l-22.67 22.67c-9.37 9.37-24.57 9.37-33.94 0L34.52 272.97c-9.37-9.37-9.37-24.57 0-33.94z\"><\/path><\/svg><\/button><button class=\"stk-block-carousel__button stk-block-carousel__button__next\" aria-label=\"Next slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-right\" class=\"svg-inline--fa fa-chevron-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M285.476 272.971L91.132 467.314c-9.373 9.373-24.569 9.373-33.941 0l-22.667-22.667c-9.357-9.357-9.375-24.522-.04-33.901L188.505 256 34.484 101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg><\/button><\/div><\/div><div class=\"stk-block-carousel__dots\" role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"562802\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"562802\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/new-capital-in-focus-in-the-ft\/\">\r\n                            New capital in focus in the FT                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/new-capital-in-focus-in-the-ft\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n       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href=\"https:\/\/www.ft.com\/content\/00a7b285-87c8-448c-998e-30457d1af85c\">the Financial Times<\/a>\u2019 Andrew England using the capital as the centerpiece for the salmon-colored paper\u2019s Big Read. It\u2019s the latest take in the international press on the military\u2019s role in the economy. Elsewhere, researchers tell <a href=\"https:\/\/www.deccanherald.com\/international\/world-news-politics\/egypt-academics-researchers-caught-in-state-crosshairs-994321.html\">AFP<\/a> that academic freedom is under threat in Egypt.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/new-administrative-capital\/\">new administrative capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/security\/\">security<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"562803\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"562804\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"562804\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/construction-of-tmgs-egp-500-bn-nour-city-has-begun\/\">\r\n                            Construction of TMG\u2019s EGP 500 bn Nour City has begun                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/construction-of-tmgs-egp-500-bn-nour-city-has-begun\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/construction-of-tmgs-egp-500-bn-nour-city-has-begun\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/construction-of-tmgs-egp-500-bn-nour-city-has-begun\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Construction of TMG\u2019s EGP 500 bn Nour City has begun&url=https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/construction-of-tmgs-egp-500-bn-nour-city-has-begun\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/construction-of-tmgs-egp-500-bn-nour-city-has-begun\/&title=Construction of TMG\u2019s EGP 500 bn Nour City has begun\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Construction+of+TMG%E2%80%99s+EGP+500+bn+Nour+City+has+begun+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F06%2F07%2Fconstruction-of-tmgs-egp-500-bn-nour-city-has-begun%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/construction-of-tmgs-egp-500-bn-nour-city-has-begun\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-562804\" class=\"content-area-description single-story post-562804 post type-post status-publish format-standard hentry category-also-on-our-radar tag-also-on-our-radar tag-endorse tag-enterpriseam tag-environment tag-non-banking-financial-services tag-real-estate tag-red-sea tag-talaat-moustafa-group tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>Con<\/strong><sup><\/sup><strong>struction of Talaat Moustafa Group\u2019s EGP 500 bn Nour City development has begun<\/strong>, after Housing Minister Assem El Gazzar and TMG CEO Hisham Talaat Moustafa yesterday laid the foundation stone, the company said in <a href=\"https:\/\/ent.news\/2021\/6\/TMG-PRL-AR.pdf\">a statement (pdf)<\/a>. The 5k-feddan project will accommodate 600k residents in 140k residential apartments and villas, and feature commercial and administrative spaces. TMG received the land \u2014 which it purchased in January for <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f09dc53f-d36f-411f-a667-36d4c2eff8eb\">EGP 28.5 bn<\/a> \u2014 <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/abf14621-7b13-4455-a9b7-2252b0add546\">at the end of May<\/a>.<\/p>\n<p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n<ul>\n<li><strong>Prime Fintech\u2019s Endorse will <\/strong><strong><a href=\"https:\/\/bit.ly\/3z6iWmE\">roll out<\/a><\/strong><strong> consumer finance<\/strong><strong> services in the next two months<\/strong>, with further plans to launch a digital factoring service soon. The company launched a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/74d7940f-2074-4007-b598-1e3e2efd5530\">financial leasing service<\/a> earlier this year, offering a finance with a tenor of up to 60 months.<\/li>\n<li><strong>Saudi Arabia has agreed to suspend newly-imposed requirements on Egyptian<\/strong> <strong>food imports<\/strong>, and will send a team to Egypt this week to inspect food safety measures, Egypt\u2019s Agriculture Ministry said in <a href=\"https:\/\/www.facebook.com\/min.agriculture\/posts\/2586996371596175\">a statement<\/a> last week. The Saudi Food and Drug Authority last month said it would introduce new controls on crops imported from Egypt from July, requiring that all fresh foods, crops and spices acquire a Certificate of Conformity proving they comply with Saudi food safety regulations.<\/li>\n<li><strong>A campaign to raise awareness on marine conservation in the Red Sea<\/strong> was <a href=\"https:\/\/www.facebook.com\/EGY.Environment\/posts\/2878035709102147\">launched<\/a> by <strong>the environment and tourism ministries<\/strong> at the weekend, as part of the wider <a href=\"https:\/\/www.ecoegypt.org\/\">Eco Egypt<\/a> initiative that aims to promote environmental tourism. <\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/endorse\/\">Endorse<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/environment\/\">environment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/non-banking-financial-services\/\">non-banking financial services<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate\/\">real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/red-sea\/\">Red Sea<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/talaat-moustafa-group\/\">Talaat Moustafa Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"562805\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"562805\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/what-the-markets-are-doing-on-7-june-2021\/\">\r\n                            What the markets are doing on 7 June 2021                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/what-the-markets-are-doing-on-7-june-2021\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Bank of America is telling investors to buy into EM EUR-denominated bonds while some funds are going in search of EM bonds that are less sensitive to rising US rates. Others are looking towards equities, which are seen by some as being less vulnerable to moves in the US treasury market.<\/p><p><strong>Yellen just said exactly what EM central bankers don\u2019t want to hear<\/strong>, calling a higher interest rate environment in the US a \u201ca plus\u201d during an interview with <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-06-06\/yellen-says-higher-interest-rates-would-be-plus-for-u-s-fed?srnd=premium&amp;sref=mmeFTDW1\">Bloomberg<\/a>. The Treasury Secretary and former<sup><\/sup> Fed chair said that the central bank wants interest rates to return to a normal level, having been ultra-low for much of the last decade.<\/p><div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table table-striped markets-table\">\n<tbody>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>EGX30 <\/strong><\/p>\n<\/td>\n<td>\n<p>10,122<\/p>\n<\/td>\n<td>\n<p>+0.7% (YTD: -6.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>USD (CBE)<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 15.64<\/p>\n<\/td>\n<td>\n<p>Sell 15.74<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>USD at CIB<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 15.64<\/p>\n<\/td>\n<td>\n<p>Sell 15.74<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Interest rates CBE<\/strong><\/p>\n<\/td>\n<td>\n<p>8.25% deposit<\/p>\n<\/td>\n<td>\n<p>9.25% lending<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Tadawul<\/strong><\/p>\n<\/td>\n<td>\n<p>10,685<\/p>\n<\/td>\n<td>\n<p>-0.1% (YTD: +23.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>ADX<\/strong><\/p>\n<\/td>\n<td>\n<p>6,623<\/p>\n<\/td>\n<td>\n<p>+0.3% (YTD: +31.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>DFM<\/strong><\/p>\n<\/td>\n<td>\n<p>2,820<\/p>\n<\/td>\n<td>\n<p>-0.1% (YTD: +13.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>S&amp;P 500<\/strong><\/p>\n<\/td>\n<td>\n<p>4,229<\/p>\n<\/td>\n<td>\n<p>+0.9% (YTD: +12.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>FTSE 100<\/strong><\/p>\n<\/td>\n<td>\n<p>7,069<\/p>\n<\/td>\n<td>\n<p>+0.1% (YTD: +9.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 71.79<\/p>\n<\/td>\n<td>\n<p>-0.1%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td>\n<p>USD 3.10<\/p>\n<\/td>\n<td>\n<p>-%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Gold<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 1,893.50<\/p>\n<\/td>\n<td>\n<p>+0.1%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>BTC<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 35,916<\/p>\n<\/td>\n<td>\n<p>+2.2% (as of midnight)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><p><strong>The EGX30 rose 0.7% at today\u2019s close<\/strong> on turnover of EGP 1.27 bn (2.2% below the 90-day average). Local investors were net buyers. The index is down 6.7% YTD.<\/p><p><strong>In the green: <\/strong>Pioneers Holding (+7.1%), MM Group (+4.9%) and Cleopatra Hospital (+4.7%).<\/p><p><strong>In the red: <\/strong>Fawry (-2.9%), Abu Qir Fertilizers (-1.4%) and Telecom Egypt (-1.0%).<\/p><p><strong>Asian markets are slightly down in early trading this morning.<\/strong> European and US equities look set to follow them later today, according to the futures markets.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/emerging-markets\/\">emerging markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-markets\/\">Financial Markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/planet-finance\/\">Planet Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"562806\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"562806\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">13<\/div>\r\n\r\n                    <p class=\"f-graphik\">AROUND THE WORLD<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/egypt-joins-saudi-military-drills-alongside-regional-allies\/\">\r\n                            Egypt joins Saudi military drills alongside regional allies                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/egypt-joins-saudi-military-drills-alongside-regional-allies\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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This comes as Egypt holds separate <a href=\"https:\/\/www.thenationalnews.com\/gulf-news\/saudi-arabia-announces-joint-military-exercise-with-other-arab-nations-1.1236105\">drills with the UAE<\/a> until 30 June.<\/p>\n<p><strong>FROM THE REGION-<\/strong> <strong>Lebanon\u2019s central bank chief Riad Salameh is under mounting<\/strong> <strong>pressure<\/strong> after French prosecutors began investigations into allegations he helped to launder money, <a href=\"https:\/\/www.france24.com\/en\/europe\/20210606-france-opens-probe-into-personal-wealth-of-lebanon-s-central-bank-chief\">AFP<\/a> reports. This follows a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a1fbe48f-31e2-4115-b207-89227115bc94\">similar probe<\/a> opened by the Swiss attorney-general in April, which is looking into claims that Salameh and his brother embezzled more than USD 300 mn of central bank money.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/around-the-world\/\">Around the World<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/corruption\/\">Corruption<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n       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href=\"https:\/\/enterpriseam.com\/egypt\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/security\/\">security<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<div class=\"alignfull vertical-section wide-section blackboard wp-block-group issue-section\" id=\"562807\">\r\n    <div class=\"issue-section__content\">\r\n        <div class=\"alignwide wp-block-columns\">\r\n            <div class=\"wp-block-column sidebar-vertical-info\" style=\"flex-basis:22.8%\">\r\n                <figure 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href=\"https:\/\/enterpriseam.com\/egypt\/blackboard\/\">\r\n                            Read Blackboard                        <\/a>\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column issue-section\">\r\n                <div class=\"story-section\">\r\n                    <div class=\"issue-story-header text-center\">\r\n                        <div class=\"index-number\">13<\/div>\r\n\r\n                        \r\n                        <h3 class=\"story-title\"><a href=\"https:\/\/enterpriseam.com\/egypt\/blackboards\/education-automation-and-the-use-of-advanced-ai-in-egypts-international-schools\/\">\r\n                            Education automation and the use of advanced AI in Egypt's international schools<\/a>\r\n                        <\/h3>\r\n                        \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n 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data-permalink=\"https:\/\/enterpriseam.com\/egypt\/blackboards\/education-automation-and-the-use-of-advanced-ai-in-egypts-international-schools\/94-jpg-16\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/94.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"94.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/94.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/94.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                            <\/div>\r\n                        <\/a>\r\n                        \n<article id=\"post-562807\" class=\"content-area-description post-562807 blackboard type-blackboard status-publish has-post-thumbnail hentry tag-ai tag-andrew-lennie tag-british-international-school-of-cairo tag-cairo-english-school tag-century-tech tag-charles-wood tag-enterprise-blackboard tag-enterpriseam tag-esol-education tag-gcsepod tag-hazem-girgis tag-kapono-ciotti tag-kipling-school tag-toya-are wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>Education automation and the use of advanced AI in Egypt's international schools: <\/strong>The use of adaptive learning software \u2014 offering automated learner feedback and basic follow-up tasks based on performance \u2014 <a href=\"https:\/\/enterprise.press\/blackboards\/automation-learning-egypts-international-schools-using-adaptive-learning\/\">has been steadily growing<\/a> in Egypt\u2019s international schools, and is probably used in some form by all of them, sources estimate.<\/p>\n<p><strong>Now, more advanced AI software has also emerged in Egypt: <\/strong><a href=\"https:\/\/www.century.tech\/\">Century Tech<\/a>, an advanced machine learning platform that builds personalized learning paths for learners, was <a href=\"https:\/\/www.egypttoday.com\/Article\/1\/68786\/Century-AI-educational-platform-introduced-in-Egypt\">first used<\/a> in Egypt in 2019. Now, it works with three Cairo schools: <a href=\"https:\/\/www.cesegypt.com\/\">Cairo English School (CES)<\/a>, the <a href=\"https:\/\/www.bisc.edu.eg\/\">British International School of Cairo (BISC)<\/a> and <a href=\"https:\/\/svs.edu.eg\/new\/kipling\/\">Kipling School<\/a>, Century\u2019s Head of International Charles Wood tells Enterprise. Century uses the British curriculum, but has recently partnered with <a href=\"https:\/\/www.aisegypt.com\/\">AIS<\/a> to design software following the American curriculum. It combines learning science, AI and neuroscience to develop individualized learning pathways for students, constantly adjusting based on learner input, Wood adds.<\/p>\n<p><strong>It goes beyond adaptive learning to actually learn from information given by the learner, <\/strong>experts say. Adaptive technologies are often conflated with artificially intelligent software, but that\u2019s reductive, says Wood. Adaptive technology is like Netflix, where an algorithm makes recommendations based on how one user\u2019s habits link to other user engagement. \u201cEven if the algorithm itself is relatively complex, if it only operates based on its coding and design \u2014 rather than on live data it\u2019s constantly collecting \u2014 it isn\u2019t artificially intelligent,\u201d he says. Adaptive software is an adaptation, agrees AIS Director Kapono Ciotti. \u201cIt isn\u2019t really learning from you and with you.\u201d<\/p>\n<p><strong>So how does it work in practice?<\/strong> Century Tech <a href=\"https:\/\/www.century.tech\/explore-century\/international\/\">identifies initial gaps<\/a> in learner knowledge through a diagnostic assessment. Learners are directed to \u201cnuggets,\u201d bitesize lessons in English, math or science comprising videos and slideshows, followed by questions. When they complete a nugget, their recommended pathway automatically updates, based on what the software has \u201clearned\u201d from the new information provided. It assesses learner confidence levels, strengths, areas for improvement, focus, engagement and memory recall, says Wood. It links subject areas \u2014 like math with physics \u2014 to help clarify concepts. And it uses AI to look for big data patterns and correlations to identify learning trends.<\/p>\n<p><strong>The goals? Precise learner assessment, agile and accurate recommendations:<\/strong> All Century Tech courses are broken down into the most granular iterations possible, to assess skills and knowledge very precisely, says Wood. The software determines when a student needs subject-matter knowledge, a different kind of learning \u2014 like visual or auditory \u2014 or simply more practice, says Ciotti. A child could be struggling with a physics topic like velocity because she has difficulty applying math equations, not because she doesn\u2019t understand velocity or kinetic energy, notes Wood. Once the software understands this, it can make the relevant math recommendation for her, to address the problem.<\/p>\n<p><strong>Teachers can access greater amounts of more precise data:<\/strong> Century Tech provides more detailed feedback than adaptive learning software, says CES Head of Secondary Andrew Lennie. \u201cAdaptive learning programs show student assessment scores, but Century Tech is more intelligent, identifying key areas that students have fallen behind in.\u201d Teachers can see individual student challenges, and look at the big-picture data to see when whole classes are struggling with particular concepts, agrees Toya Are, CES Deputy Head of Key Stage 2.<\/p>\n<p><strong>Advanced AI software could even rival teachers in helping students remember and understand information. <\/strong>Advanced AI can actually accelerate aspects of learning \u2014 particularly when it comes to <a href=\"https:\/\/uwaterloo.ca\/centre-for-teaching-excellence\/teaching-resources\/teaching-tips\/planning-courses-and-assignments\/course-design\/blooms-taxonomy\">remembering and understanding<\/a> information \u2014 potentially halving the time needed for this kind of teaching, says Ciotti. It could sometimes even do this better than a single teacher in a class full of students, because it\u2019s so personalized. <strong>\u201cThis could free the teacher up to focus on things like knowledge application and project-based work.\u201d <\/strong><\/p>\n<p><strong>Century appears to be the only advanced AI education software used in Egypt: <\/strong>Century Tech <a href=\"https:\/\/builtin.com\/artificial-intelligence\/ai-in-education\">features in<\/a> multiple lists of the <a href=\"https:\/\/www.ai-startups.org\/top\/education\/\">top global<\/a> edtech companies using AI in education. Of these companies, it\u2019s the only one being used in Egypt, several sources believe. \u201cIn terms of intelligent software, Century Tech is the only platform I know of in Egypt,\u201d says Lennie.<\/p>\n<p><strong>Adoption may be limited, as it offers only three academic subject areas:<\/strong> Century Tech is currently being used for CES pupils at Key Stage 2 and Key Stage 3 level, <a href=\"https:\/\/www.esoleducation.com\/\">Esol Education\u2019s<\/a> Assistant COO Hazem Girgis tells Enterprise. \u201cWe don\u2019t use Century for our GCSE students because it only offers English, math and science, while edtech platform <a href=\"https:\/\/www.gcsepod.com\/\">GCSEPod<\/a> covers nearly all subjects,\u201d says Lennie.<\/p>\n<p><strong>Still, it\u2019s on a rapid growth trajectory in Egypt and regionally:<\/strong> Century Tech\u2019s usage in Egypt has seen a 50% y-o-y increase in terms of lessons completed this academic year, says Wood. It has a significant regional presence, working in some 40-50 schools in the UAE. Altogether, it\u2019s active in some 40 countries, he adds. \u201cIn Egypt, we\u2019re actively targeting international schools, but we\u2019re also very interested in working with the education ministry and making our tech available to the public sector.\u201d Overall, the company wants to branch out into a broader range of subject areas, he says.<\/p>\n<p><strong>Its AIS content-creation partnership is a move to diversify its offerings: <\/strong>AIS has a team of four people working with Century Tech to design American curriculum math content. So far, it\u2019s completed a mapping exercise to identify learning gaps for one grade level, says Wood. \u201cWith our current time and budget, we could probably design one grade level in five months, but I think this will accelerate,\u201d says Ciotti. \u201cEventually, I\u2019d expect it to take three months per grade level per subject area.\u201d AIS is currently the only partner Century\u2019s working on American curriculum design with, says Wood. \u201cWith further investment, we could roll this out and move into other subject areas,\u201d he adds.<\/p>\n<p><strong>For AIS, it\u2019s a worthwhile investment in cutting-edge tech: <\/strong>Ciotti hopes that the partnership will continue into other subject areas. \u201cI think both sides are investing quite a bit and taking some bold risks here,\u201d he says, without disclosing any investment figures. \u201cThe vast majority of the investment is in person hours and expertise,\u201d he adds. It\u2019s all worth it, because AIS believes in the value of the tech. \u201cWe\u2019re confident this is the tech of today and many of our tomorrows, and that it will continue to adapt.\u201d<\/p>\n<hr class=\"grey-line\">\n<p><strong>Your top education stories for the week:<\/strong><\/p>\n<ul>\n<li><strong>Thanaweya Amma details announced:<\/strong> This year\u2019s Thanaweya Amma exams <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6f40e85f-6132-4035-a552-9b35ce8f655e\">will be<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6f40e85f-6132-4035-a552-9b35ce8f655e\">held<\/a> between 10 July and 2 August. Students who have received tablets will be required to record their answers digitally and on paper in case of any technical malfunctions, and students without tablets will receive paper exams only.<\/li>\n<li><strong>New vocational schools in Upper Egypt:<\/strong> Unionaire Group Technology (UGT) <a href=\"https:\/\/bit.ly\/2T6TnRB\">plans<\/a> to establish two vocational schools, one each in Sohag and Luxor.<\/li>\n<li><strong>Unis donate to Gaza:<\/strong> Some of Egypt\u2019s private universities have <a href=\"https:\/\/www.facebook.com\/MOHESREGYPT\/posts\/336622294487278\">donated<\/a> a combined EGP 50 mn to the government\u2019s USD 500 mn initiative to reconstruct properties and infrastructure in Gaza.<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ai\/\">AI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/andrew-lennie\/\">Andrew Lennie<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/british-international-school-of-cairo\/\">British International School of Cairo<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cairo-english-school\/\">Cairo English School<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/century-tech\/\">Century Tech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/charles-wood\/\">Charles Wood<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/esol-education\/\">Esol Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gcsepod\/\">GCSEPod<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hazem-girgis\/\">Hazem Girgis<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/kapono-ciotti\/\">Kapono Ciotti<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/kipling-school\/\">Kipling School<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/toya-are\/\">Toya Are<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column\" style=\"flex-basis:19.8%\"><\/div>\r\n        <\/div>\r\n    <\/div>\r\n<\/div>\n<section id=\"562809\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"calendar\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/07\/your-essential-business-calendar-on-7-june-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-562809\" class=\"content-area-description single-story post-562809 post type-post status-publish format-standard hentry category-calendar tag-calendar wpautop entry\">\n\n\t\t\t<hr class=\"wp-block-separator has-text-color has-primary-color has-alpha-channel-opacity has-primary-background-color has-background is-style-wide\">\n\n\t\t<h2 class=\"wp-block-heading mt-0 has-primary-color has-text-color has-link-color has-normal-font-size\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\">\n\t\t\t<strong> CALENDAR<\/strong>\n\t\t<\/h2>\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>7 June (Monday): British Egyptian Business Association hosts an event featuring Oil Minister Tarek El Molla.<\/p>\n<p>7-9 June (Monday-Wednesday): A delegation of 18 French companies will meet with international financial institutions and Egyptian private partners in an event <a href=\"https:\/\/ent.news\/2021\/6\/CP-English-version.pdf\">organized<\/a> by Business France The event will take place at Sofitel Gezirah.<\/p>\n<p>14 June (Monday): Egypt Green Economy Forum.<\/p>\n<p>17 June (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>17-20 June (Thursday-Sunday): The International Exhibition of Materials and Technologies for Finishing and Construction (Turnkey Expo), Cairo International Conference Center.<\/p>\n<p>20 June (Sunday): Ismailia Economic Court to hold hearing on Ever Given compensation case.<\/p>\n<p>20 June (Sunday): Deadline to apply for enpact and the TUI Care Foundation\u2019s <a href=\"https:\/\/ent.news\/2021\/6\/070621_Egypt-Press-Release_ENG.pdf\">Tourism Recovery Programme<\/a>. You can apply using <a href=\"https:\/\/enpact.org\/open-applications\/tourism-recovery-programme\/#\/\">this link<\/a>.<\/p>\n<p>22-27 June (Tuesday-Sunday): The <a href=\"https:\/\/psaworldtour.com\/tournaments\/view\/11445\">CIB PSA World Tour Finals<\/a> for 2020-2021 will take place in Cairo.<\/p>\n<p>24 June (Thursday): End of the 2020-2021 academic year (public schools).<\/p>\n<p>26-29 June (Saturday-Tuesday): The Big 5 Construct Egypt, Cairo International Convention Center, Cairo, Egypt. The Big 5 Egypt Impact Awards will also be taking place at the event on 27 June.<\/p>\n<p>28 June - 2 July (Monday-Friday): The European Bank for <sup><\/sup>Reconstruction and Development will virtually hold its <a href=\"https:\/\/www.ebrd.com\/news\/events\/ebrd-2021-annual-meeting-and-business-forum.html\">30th annual meeting<\/a> and business forum.<\/p>\n<p>30 June (Wednesday): The IMF will complete a second review of targets set under the USD 5.2 bn standby loan approved in June 2020 (proposed date).<\/p>\n<p>30 June (Wednesday): 30 June Revolution Day.<\/p>\n<p>30 June- 15 July: National Book Fair.<\/p>\n<p>July + August: Thanaweya Amma exams take place.<\/p>\n<p>1 July: (Thursday): National holiday in observance of 30 June Revolution.<\/p>\n<p>1 July (Thursday): Large taxpayers that have not yet signed on to the e-invoicing platform will suffer a host of penalties, including removal from large taxpayer classification, losing access to government services and business, and losing subsidies.<\/p>\n<p>1 July (Thursday): Businesses importing goods at seaports will need to file shipping documents and cargo data digitally to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9bf7988d-19f6-45a6-ada1-65d7c23ec723\">the Advance Cargo Information (ACI) system<\/a>.<\/p>\n<p>15 June (Saturday): EGX-listed will have to complete filing their financial disclosures for the period ended 31 March.<\/p>\n<p>19 July (Monday): Arafat Day (national holiday).<\/p>\n<p>20-23 July (Tuesday-Friday): Eid Al Adha (national holiday).<\/p>\n<p>23 July (Friday): Revolution Day (national holiday).<\/p>\n<p>2-4 August (Monday-Wednesday): Egypt is hosting the <a href=\"https:\/\/www.africa-foodmanufacturing.com\/en\/Home.html\">Africa Food Manufacturing<\/a> exhibition at the Egypt International Exhibition Center.<\/p>\n<p>5 August (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>9 August (Monday): Islamic New Year.<\/p>\n<p>12 August (Thursday): National holiday in observance of the Islamic New Year.<\/p>\n<p>12-15 September (Sunday-Wednesday): Sahara Expo: the 33rd International Agricultural Exhibition for Africa and the Middle East.<\/p>\n<p>16 September (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>30 September-2 October (Thursday-Saturday): Egypt Projects 2021 expo, Egypt International Exhibition Center, Cairo, Egypt.<\/p>\n<p>30 September-8 October (Thursday-Friday): The Cairo International Fair, Cairo International Conference Center, Cairo, Egypt.<\/p>\n<p>1 October (Friday): Expo 2020 Dubai opens.<\/p>\n<p>6 October (Wednesday): Armed Forces Day.<\/p>\n<p>7 October (Thursday): National holiday in observance of Armed Forces Day.<\/p>\n<p>12-14 October (Tuesday-Thursday): Mediterranean Offshore Conference, Alexandria, Egypt.<\/p>\n<p>18 October (Monday): Prophet\u2019s Birthday.<\/p>\n<p>21 October (Thursday): National holiday in observance of the Prophet\u2019s Birthday.<\/p>\n<p>28 October (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>1-3 November (Monday-Wednesday): Egypt Energy exhibition on power and renewable energy, Egypt International Exhibition Center, Cairo, Egypt.<\/p>\n<p>1-12 November (Monday-Friday): 2021 United Nations Climate Change Conference (COP26), Glasgow, United Kingdom.<\/p>\n<p>29 November-2 December (Monday-Thursday): Egypt Defense Expo.<\/p>\n<p>13-17 December: United Nations Convention against Corruption, Sharm El Sheikh, Egypt.<\/p>\n<p>16 December (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>14-16 February 2022 (Monday-Wednesday): Egypt Petroleum Show, Egypt International Exhibition Center, New Cairo, Egypt.<\/p>\n<p>1H2022: The World Economic Forum annual meeting, location TBD.<\/p>\n<p>May 2022: Investment in Logistics Conference, Cairo, Egypt.<\/p>\n<p>27 June-3 July 2022 (Monday-Sunday): World University Squash Championships, New Giza.<\/p>\n<p><strong>**Note to readers:<\/strong> Some national holidays may appear twice above. Since 2020, Egypt has observed most mid-week holidays on Thursdays regardless of the day on which they fall and may also move those days to Sundays. We distinguish below between the actual holiday and its observance.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":562784,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-562783","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"a11c364a-7ca0-4827-bb09-79af0025a706","teaser":"","photo_url":"https:\/\/ent.news\/2021\/6\/84.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Made-in-Egypt Sinovac&trade; coming 15 June \u2014 well ahead of schedule - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/issues\/made-in-egypt-sinovac-coming-15-june-well-ahead-of-schedule\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Made-in-Egypt Sinovac&trade; 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