{"id":563042,"date":"2021-06-16T03:50:24","date_gmt":"2021-06-16T03:50:24","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=563042"},"modified":"2025-12-16T03:57:08","modified_gmt":"2025-12-16T03:57:08","slug":"all-eyes-on-un-as-arab-league-calls-for-action-on-gerd","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/all-eyes-on-un-as-arab-league-calls-for-action-on-gerd\/","title":{"rendered":"All eyes on UN as Arab League calls for action on GERD"},"content":{"rendered":"<section id=\"563044\" 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=\"563044\">\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\/16\/this-morning-franklin-templeton-overweight-on-egypt-its-fed-day-enjoy-your-morning-joe\/\">\r\n                            THIS MORNING: Franklin Templeton overweight on Egypt; It\u2019s Fed day; Enjoy your morning joe.                        <\/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\/16\/this-morning-franklin-templeton-overweight-on-egypt-its-fed-day-enjoy-your-morning-joe\/\" 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\/16\/this-morning-franklin-templeton-overweight-on-egypt-its-fed-day-enjoy-your-morning-joe\/')\">\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\/16\/this-morning-franklin-templeton-overweight-on-egypt-its-fed-day-enjoy-your-morning-joe\/\">\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=THIS MORNING: Franklin Templeton overweight on Egypt; It\u2019s Fed day; Enjoy your morning joe.&url=https:\/\/enterpriseam.com\/egypt\/2021\/06\/16\/this-morning-franklin-templeton-overweight-on-egypt-its-fed-day-enjoy-your-morning-joe\/\">\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\/16\/this-morning-franklin-templeton-overweight-on-egypt-its-fed-day-enjoy-your-morning-joe\/&title=THIS MORNING: Franklin Templeton overweight on Egypt; It\u2019s Fed day; Enjoy your morning joe.\">\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+Franklin+Templeton+overweight+on+Egypt%3B+It%E2%80%99s+Fed+day%3B+Enjoy+your+morning+joe.+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F06%2F16%2Fthis-morning-franklin-templeton-overweight-on-egypt-its-fed-day-enjoy-your-morning-joe%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\/16\/this-morning-franklin-templeton-overweight-on-egypt-its-fed-day-enjoy-your-morning-joe\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-563044\" class=\"content-area-description single-story post-563044 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-asset-management tag-central-bank-of-egypt tag-enterpriseam tag-inflation tag-monetary-policy tag-us-federal-reserve 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. <\/strong>You know it\u2019s something of a slow news day when the United Nations plays a role in our lead story. Think of it as a welcome breather after what has so far been a very busy news week. We\u2019ll be back later this afternoon to see whether that holds for the day.<\/p><p><strong>It\u2019s slow beyond our borders, too. Perhaps the biggest news in the global business press <\/strong><strong>is that Lina Khan is going to be running the US Federal Trade Commission.<\/strong> The 32-year-old professor helped redefine how lawmakers in the US and around the world view antitrust cases in the digital age with her paper <a href=\"https:\/\/www.yalelawjournal.org\/article\/amazons-antitrust-paradox\">Amazon\u2019s Antitrust Paradox<\/a>. Her thinking resonates as far abroad as Egypt, as we <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3582805e-b867-4076-9e5e-bff71e01f886\">discussed back in February<\/a>. Now positioned as a \u201ccritic of Big Tech,\u201d her swearing-in yesterday is being positioned as a win for \u201cprogressives\u201d in the Democratic party. The story leads the global business press, from the <a href=\"https:\/\/www.ft.com\/content\/bee1b959-b2aa-4ee1-8391-d5b5832ededd\">Financial Times<\/a> to <a href=\"https:\/\/www.reuters.com\/legal\/litigation\/us-senate-confirms-big-tech-critic-lina-khan-ftc-2021-06-15\/\">Reuters<\/a> and far beyond.<\/p><p><strong>THE BIG STORY THIS AFTERNOON is sure to be the \u201csummit\u201d in Geneva between US <\/strong><strong>President Joe Biden and Russia\u2019s Vladimir Putin<\/strong>, which the <a href=\"https:\/\/www.wsj.com\/articles\/biden-and-putin-to-meet-with-u-s-russia-relations-at-post-cold-war-low-11623668401?mod=hp_lead_pos10\">Wall Street Journal<\/a> is framing as a \u201cshowdown between two leaders who have long been at odds.\u201d The New York Times has picked up on <a href=\"https:\/\/www.nytimes.com\/2021\/06\/15\/world\/europe\/biden-putin-geneva-summit.html?action=click&amp;module=Top%20Stories&amp;pgtype=Homepage\">Biden calling Putin a \u201cworthy adversary\u201d<\/a> \u2014 and notes that where superpower summits used to focus on nukes, they now <a href=\"https:\/\/www.nytimes.com\/2021\/06\/15\/world\/europe\/biden-putin-cyberweapons.html?action=click&amp;module=Top%20Stories&amp;pgtype=Homepage\">dwell on cyberweapons<\/a>.<\/p><p><strong>FROM THE DEPT. OF GOOD NEWS-<\/strong><\/p><p><strong>Asset manager Franklin Templeton is overweight on Egypt: <\/strong>Sustained GDP growth in a contractionary climate and a stable currency together support a positive outlook on Egypt, MENA managing director Basel Khatoun said at a virtual seminar earlier this week, <a href=\"https:\/\/www.zawya.com\/mena\/en\/markets\/story\/UAE_Egypt_are_the_largest_overweight_markets_in_MENA-ZAWYA20210615042146\/\">Zawya<\/a> reports. Despite liquidity challenges, contained inflation combined with \u201cstrong fundamentals\u201d and \u201csolid international reserves\u201d have supported the investment bank\u2019s optimism on Egypt, Khatoun added. <strong>Please come back, fund and portfolio managers. We miss you. <\/strong><\/p><p><strong>STOP WORRYING and enjoy your morning Joe. <\/strong>After decades of pseudo-scientific vilification, coffee is getting a clean bill of health from researchers who now say <a href=\"https:\/\/www.nytimes.com\/2021\/06\/14\/well\/eat\/coffee-health-benefits.html\">folks who drink three to five cups a day are 15% less likely to die early from all causes<\/a> \u2014 and have better mental health to boot. Caffeine and dozens of other substances in <strong>your morning brew appears to help protect you from \u201cheart disease, Type 2 diabetes, depression, suicide<\/strong>, Parkinson\u2019s disease, gallstones, cirrhosis, liver cancer, melanoma and prostate cancer,\u201d writes the NYT\u2019s inimitable health reporter Jane Brody. (We really do take issue with her comment about French press and \u201cartery-damaging\u201d LDL cholesterol, but that\u2019s an argument for another morning.<\/p><p><strong>ECB mulls taking lid off bank dividends: <\/strong>The European Central Bank (ECB) will revisit a cap it had imposed on bank dividends at a board meeting on 23 July as it looks to roll back pandemic regulations that had sought to preserve capital reserves and prevent high payouts to shareholders, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-06-15\/ecb-hopes-to-lift-bank-dividend-restrictions-soon-enria-says?sref=mmeFTDW1\">Bloomberg<\/a> reports.<\/p><p><strong>Sound familiar? <\/strong>Banks in Egypt were barred from paying out dividends on 2020 returns under a CBE directive <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1bc7fcdc-fd3b-4256-9cbb-8551958adfa0\">earlier this year<\/a> designed to bolster liquidity in the banking system.<\/p><p><strong>WHAT\u2019S HAPPENING TODAY-<\/strong><\/p><p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>It\u2019s day two of the Fed meeting: <\/strong>Don\u2019t expect a change in policy when the Fed\u2019s Open Market Committee wraps up its two-day meeting later today. Still, Fed chair Jay Powell may give some clues about when the central bank may begin to unwind its stimulus. The Fed has insisted that the recent rise in inflation will only be temporary and not serious enough to warrant a rise in interest rates.<\/p><p><strong>One crucial part of US financial markets wants the Fed to act:<\/strong> Money market funds are coming under increasing pressure as a stimulus-fuelled buying frenzy in the US treasury market causes short-term yields to approach negative territory, the <a href=\"https:\/\/www.ft.com\/content\/1c3ec473-e08f-4057-87ec-dcfa0f784521\">Financial Times<\/a> reports. Some, who are worried that a funding crisis in the USD 4 tn industry could destabilize the financial system, are calling for the Fed to raise short-term rates.<\/p><p><strong>TOMORROW- It\u2019s <\/strong><strong>interest<\/strong><strong> rate day here at home: <\/strong>All 11 analysts and economists <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1f456c5c-ed19-4468-bccf-817c0fa49938\">surveyed in<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1f456c5c-ed19-4468-bccf-817c0fa49938\">our poll<\/a> are calling another hold when the CBE\u2019s Monetary Policy Committee meets tomorrow as <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a19da710-1330-415c-8993-290f63133dcb\">inflation hit its highest level<\/a> all year in May with the global commodities boom beginning to hit the domestic economy. <a href=\"https:\/\/www.nasdaq.com\/articles\/poll-egypts-central-bank-forecast-to-leave-interest-rates-on-hold-2021-06-14\">A Reuters poll<\/a> out yesterday found a similar consensus, with all 18 surveyed analysts predicting a hold.<\/p><p><strong>CLARIFICATION on Elsewedy\u2019s appetite for acquisition-<\/strong> We picked up <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/40876bbc-c57d-4a13-ae88-d8f432b408f9\">a story<\/a> in Acuris\u2019 Mergermarket yesterday suggesting that industrial giant Elsewedy Electric is looking to close acquisitions of three companies \u201cwith equity worth USD 100 mn per transaction.\u201d We have updated the story to clarify that Elsewedy is looking at targets with a value up to USD 100 mn \u2014 or more if it makes strategic sense \u2014 at the request of a senior company official. Elsewedy is reportedly eying companies in the technology, cable, and electric equipment spaces and will remain in acquisition mode in 2022. None of the three potential acquisitions has yet been finalized.<\/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>*** CATCH UP QUICK<\/strong> with the top stories from yesterday\u2019s edition of EnterprisePM:<\/p><ul>\n<li><strong>Khazna, Masria Digital Payments, ADIB partner to launch salary advance card: <\/strong>Underbanked employees and gig workers will be able to instantly <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/647e8707-28c6-41b0-9e00-c816bcf0e3c5\">access their wages<\/a> in advance through \u201cKhazna Card,\u201d which gives users 24\/7 instant access to their earned wages in advance upon submitting a request through the Khazna app.<\/li>\n<li><strong>Waste Management Act\u2019s exec regulations in cabinet\u2019s hands: <\/strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/df2dc7bd-b362-4353-a5a2-7f21cfee75dc\">The bill<\/a> will set up a new state agency responsible for waste management, and should be approved within the next 6-8 weeks.<\/li>\n<\/ul><p><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p><p><strong>The EFG Hermes and Saudi Exchange Virtual Investor Conference is ongoing until 17 <\/strong><strong>June<\/strong>, according to a <a href=\"https:\/\/ent.news\/2021\/6\/EFG-Hermes-Saudi-Exchange-Virtual-Investor-Conference-English-Press-Release.pdf\">press release (pdf)<\/a>. The event will see execs from 61 companies meet with more than 450 international investors from over 190 institutions.<\/p><p><strong>Entrepreneurs in the tourism sector have until 20 June to apply for the six-month <\/strong><strong>Tourism Recovery Program<\/strong> launched by <a href=\"https:\/\/enpact.org\/#\/\">Enpact<\/a> and the <a href=\"https:\/\/www.tuicarefoundation.com\/en\">TUI Care Foundation<\/a> and supported by <a href=\"https:\/\/www.giz.de\/en\/html\/index.html\">GIZ<\/a>, according to a <a href=\"https:\/\/ent.news\/2021\/6\/070621_Egypt-Press-Release_ENG.pdf\">press release (pdf)<\/a>. Some 100 startups will be eligible for direct support to the tune of EUR 9k each. The program also aims to create an international network of tourism business to expand cooperation between Egypt, Germany, and other European countries. You can apply <a href=\"https:\/\/enpact.org\/open-applications\/tourism-recovery-programme\/#\/\">here<\/a>.<\/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\/2020\/1\/Web-view-01.jpg?ssl=1\" alt=\"enterprise\"><\/p><p><strong>*** It\u2019s Hardhat day \u2014 your weekly briefing of all things infrastructure in Egypt:<\/strong> Enterprise\u2019s industry vertical focuses each Wednesday on infrastructure, covering everything from energy, water, transportation, and urban development, as well as social infrastructure such as health and education.<\/p><p><strong>In today\u2019s issue: <\/strong>What sort of growth and trends took place in Egypt\u2019s digital infrastructure in 2020? The Digital 2021: Egypt report by Data Reportal offers a comprehensive look. Trends like growing social media use and e-commerce accelerated in 2020, and there were also interesting new developments, like increased adoption of smart home devices. But Egypt still lags behind in some key areas, like financial inclusion.<\/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\/asset-management\/\">asset management<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/central-bank-of-egypt\/\">Central Bank of Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/inflation\/\">inflation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/monetary-policy\/\">monetary policy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us-federal-reserve\/\">US Federal Reserve<\/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=\"563045\" 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=\"563045\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/16\/563045\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-563045\" class=\"content-area-description single-story post-563045 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-EQF-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p>\n<p>Take a serene walk and dip your toes in the silky water as you get to know Somabay\u2019s local equine citizens.<\/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=\"563046\" 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=\"563046\">\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\">Diplomacy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/16\/all-eyes-on-un-as-arab-league-calls-for-action-on-gerd\/\">\r\n                            All eyes on UN as Arab League calls for action on GERD                        <\/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\/16\/all-eyes-on-un-as-arab-league-calls-for-action-on-gerd\/\" 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\/16\/all-eyes-on-un-as-arab-league-calls-for-action-on-gerd\/')\">\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\/16\/all-eyes-on-un-as-arab-league-calls-for-action-on-gerd\/\">\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=All eyes on UN as Arab League calls for action on GERD&url=https:\/\/enterpriseam.com\/egypt\/2021\/06\/16\/all-eyes-on-un-as-arab-league-calls-for-action-on-gerd\/\">\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\/16\/all-eyes-on-un-as-arab-league-calls-for-action-on-gerd\/&title=All eyes on UN as Arab League calls for action on GERD\">\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=All+eyes+on+UN+as+Arab+League+calls+for+action+on+GERD+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F06%2F16%2Fall-eyes-on-un-as-arab-league-calls-for-action-on-gerd%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\/16\/all-eyes-on-un-as-arab-league-calls-for-action-on-gerd\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/213.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"563047\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/16\/all-eyes-on-un-as-arab-league-calls-for-action-on-gerd\/213-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/213.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"213.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/213.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/213.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-563046\" class=\"content-area-description single-story post-563046 post type-post status-publish format-standard has-post-thumbnail hentry category-diplomacy tag-ahmed-aboul-gheit tag-arab-league tag-diplomacy tag-enterpriseam tag-ethiopia tag-gerd tag-mohammed-bin-abdulrahman-al-thani tag-politics tag-qatar tag-sameh-shoukry tag-un 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-01\"><\/a> <strong>Arab League calls on UN Security Council to intervene on GERD impasse: <\/strong>Arab foreign ministers yesterday called on the UN Security Council to hold an \u201curgent session\u201d to discuss the dispute over the Grand Ethiopian Renaissance Dam (GERD), Arab League Secretary General Ahmed Aboul Gheit said yesterday, <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/2353756\">Al Masry Al Youm<\/a> reports.<\/p>\n<p><strong>The intervention came following an emergency Arab League meeting in Doha yesterday<\/strong> called by Egypt and Sudan. The two aim to ramp up pressure on Ethiopia as it prepares to resume unilaterally filling the dam next month.<\/p>\n<p><strong>\u201cGradual measures\u201d:<\/strong> Arab countries could take \u201cgradual measures\u201d to support Egypt and Sudan, Qatari Foreign Minister Mohammed bin Abdulrahman Al Thani said during the press conference without giving further details, according to <a href=\"https:\/\/www.bbc.com\/arabic\/middleeast-57486751\">BBC Arabic<\/a>.<\/p>\n<p><strong>Ethiopia issues stern rebuke:<\/strong> Ethiopia\u2019s Foreign Ministry said in <a href=\"https:\/\/www.facebook.com\/MFAEthiopia\/photos\/pcb.4817962428230962\/4817960868231118\">a statement<\/a> that it \u201crejects the resolution in its entirety\u201d and expressed \u201cdismay\u201d at what it called thye \u201cmisguided positions\u201d of the Arab League and its \u201cegregious\u201d support for Egypt and Sudan\u2019s position.<\/p>\n<p><strong>Egypt has already been making overtures to the UN<\/strong>, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d2fe3d99-13aa-4e0d-942a-9b065428f511\">sending a letter to the Security Council<\/a> last week to persuade it to intervene in the dispute.<\/p>\n<p><strong>The story is everywhere in the global press this morning<\/strong> from <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-06-15\/arab-ministers-urge-un-security-council-to-discuss-nile-dam\">Bloomberg<\/a> and <a href=\"https:\/\/apnews.com\/article\/arab-league-united-nations-europe-africa-middle-east-5fd51629f3158936afe3fae2da69f5b0\">the AP<\/a> to <a href=\"https:\/\/www.reuters.com\/world\/middle-east\/arab-states-call-un-security-council-meet-over-ethiopiam-dam-2021-06-15\/\">Reuters<\/a> and Kuwaiti state news agency <a href=\"https:\/\/www.kuna.net.kw\/ArticleDetails.aspx?id=2983799&Language=en\">KUNA<\/a>.<\/p>\n<p><strong>Foreign Minister Sameh Shoukry held a number of discussions on the sidelines of <\/strong><strong>yesterday\u2019s meeting:<\/strong><\/p>\n<ul>\n<li><strong>An invitation to Qatar:<\/strong> Shoukry <a href=\"https:\/\/www.facebook.com\/photo?fbid=156864639817298&set=a.144073981096364\">invited Qatari Emir Tamim bin Hamad Al<\/a><a href=\"https:\/\/www.facebook.com\/photo?fbid=156864639817298&set=a.144073981096364\">Thani<\/a> to visit Egypt as soon as possible. El Sisi received in late May an official <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/03edaeff-c6b3-4045-82b6-421e85ee6348\">invitation to Doha<\/a> from the Qatari Emir, following the restoration of ties between both countries.<\/li>\n<li><strong>Libya FM incoming:<\/strong> Libyan Foreign Minister Najla Al Mangoush is <a href=\"https:\/\/www.facebook.com\/photo?fbid=156930126477416&set=a.144073987763030\">expected to visit Egypt in the coming days<\/a> after being invited byu Shoukry for talks.<\/li>\n<\/ul>\n<p><strong>IN OTHER DIPLO NEWS-<\/strong> <strong>US Centcom chief in Cairo: <\/strong>Defence Minister Mohamed Zaki met with US Central Command chief Kenneth McKenzie to discuss US-Egypt military ties, the Armed Forces said in <a href=\"https:\/\/www.facebook.com\/EgyArmySpox\/posts\/2364006313730337\">a statement<\/a>. Zaki earlier <a href=\"https:\/\/www.facebook.com\/EgyArmySpox\/posts\/2363032823827686\">held talks with<\/a> Gen. Daniel Hokanson, chief of the US National Guard Bureau, and signed a partnership agreement with the Texas Army National Guard.<\/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\/ahmed-aboul-gheit\/\">Ahmed Aboul Gheit<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/arab-league\/\">Arab League<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ethiopia\/\">Ethiopia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gerd\/\">GERD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mohammed-bin-abdulrahman-al-thani\/\">Mohammed Bin Abdulrahman Al Thani<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/politics\/\">politics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/qatar\/\">Qatar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sameh-shoukry\/\">Sameh Shoukry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/un\/\">UN<\/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=\"563048\" 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=\"563048\">\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\">Investment Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/16\/chinas-vivo-to-invest-usd-30-mn-in-egypt-over-two-years\/\">\r\n                            China\u2019s Vivo to invest USD 30 mn in Egypt over two years                        <\/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\/16\/chinas-vivo-to-invest-usd-30-mn-in-egypt-over-two-years\/\" 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\/16\/chinas-vivo-to-invest-usd-30-mn-in-egypt-over-two-years\/')\">\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\/16\/chinas-vivo-to-invest-usd-30-mn-in-egypt-over-two-years\/\">\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=China\u2019s Vivo to invest USD 30 mn in Egypt over two years&url=https:\/\/enterpriseam.com\/egypt\/2021\/06\/16\/chinas-vivo-to-invest-usd-30-mn-in-egypt-over-two-years\/\">\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\/16\/chinas-vivo-to-invest-usd-30-mn-in-egypt-over-two-years\/&title=China\u2019s Vivo to invest USD 30 mn in Egypt over two years\">\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=China%E2%80%99s+Vivo+to+invest+USD+30+mn+in+Egypt+over+two+years+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F06%2F16%2Fchinas-vivo-to-invest-usd-30-mn-in-egypt-over-two-years%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\/16\/chinas-vivo-to-invest-usd-30-mn-in-egypt-over-two-years\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/214.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"563049\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/16\/chinas-vivo-to-invest-usd-30-mn-in-egypt-over-two-years\/214-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/214.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"214.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/214.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/214.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-563048\" class=\"content-area-description single-story post-563048 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-china tag-enterpriseam tag-investment-watch tag-manufacturing tag-technology 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>Chinese smartphone maker <\/strong><strong><a href=\"http:\/\/www.vivo.com\/eg\/ar\/\">Vivo<\/a><\/strong><strong> is planning to invest USD 30 mn in Egypt over <\/strong><strong>the next two years<\/strong>, Vivo Egypt chief executive Alex Jan told reporters in a presser yesterday, according to <a href=\"https:\/\/bit.ly\/3pWxYXZ\">Hapi Journal<\/a>. The plan includes establishing five new customer services centers by the end of 2021, two of which are currently under construction, Jan said. The Guangdong-based company currently operates five centers in Egypt. Vivo then expects to see its investments in Egypt grow by some 80% throughout 2022, its PR and communications manager, Wafeya El Badry, said.<\/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\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/technology\/\">technology<\/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=\"563050\" 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=\"563050\">\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\">Education<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/16\/cira-to-open-egypts-first-applied-tech-university-next-year\/\">\r\n                            CIRA to open Egypt\u2019s first applied tech university next year                        <\/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\/16\/cira-to-open-egypts-first-applied-tech-university-next-year\/\" 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\/16\/cira-to-open-egypts-first-applied-tech-university-next-year\/')\">\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\/16\/cira-to-open-egypts-first-applied-tech-university-next-year\/\">\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=CIRA to open Egypt\u2019s first applied tech university next year&url=https:\/\/enterpriseam.com\/egypt\/2021\/06\/16\/cira-to-open-egypts-first-applied-tech-university-next-year\/\">\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\/16\/cira-to-open-egypts-first-applied-tech-university-next-year\/&title=CIRA to open Egypt\u2019s first applied tech university next year\">\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=CIRA+to+open+Egypt%E2%80%99s+first+applied+tech+university+next+year+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F06%2F16%2Fcira-to-open-egypts-first-applied-tech-university-next-year%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\/16\/cira-to-open-egypts-first-applied-tech-university-next-year\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/216.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"563051\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/16\/cira-to-open-egypts-first-applied-tech-university-next-year\/216-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/216.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"216.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/216.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/216.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-563050\" class=\"content-area-description single-story post-563050 post type-post status-publish format-standard has-post-thumbnail hentry category-education tag-al-ahly-capital-holding tag-cira-education tag-education tag-enterpriseam tag-national-bank-of-egypt tag-o-west tag-schools 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>Private sector education outfit CIRA will establish Egypt\u2019s first applied tech <\/strong><strong>university by the start of the 2022-2023 academic year<\/strong>, the company announced in <a href=\"https:\/\/ent.news\/2021\/6\/Technological-University-Press-Release-v2-Edited.pdf\">a press release (pdf)<\/a> after signing a management consulting agreement yesterday with <a href=\"https:\/\/www.saxony-international-school.de\/\">Saxony International School<\/a> (SIS), a German private sector education provider.<\/p>\n<p><strong>About the uni:<\/strong> The university will be founded at CIRA\u2019s <a href=\"https:\/\/www.buc.edu.eg\/\">Badr University<\/a> before being expanded to more locations nationwide, and will initially offer diplomas and bachelor\u2019s degrees in logistics, tourism, medical and industrial manufacturing. Graduates can then sit the Meister exam \u2014 a German vocational qualification that allows holders to study at German applied sciences universities.<\/p>\n<p><strong>The financing:<\/strong> CIRA will receive finance from National Bank of Egypt\u2019s investment arm Al Ahly Capital Holdings and undisclosed international investors, the company said.<\/p>\n<p><strong>CIRA is already working with SIS to open a school in Sixth of October:<\/strong> The SIS school based in O West is <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2c786d9e-b4ff-4370-96f4-3064fd1a6039\">expected to be ready<\/a> for the 2021-2022 academic year.<\/p>\n<p><strong>Switzerland\u2019s Business and Hotel Management School is also involved with Badr<\/strong>, which <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/86a2508b-7361-4af2-8c33-664b474ec3dc\">agreed last year<\/a> to offer hospitality management training and degrees at the university.<\/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\/al-ahly-capital-holding\/\">Al Ahly Capital Holding<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cira-education\/\">CIRA Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/national-bank-of-egypt\/\">National Bank of Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/o-west\/\">O West<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/schools\/\">Schools<\/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=\"563052\" 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=\"563052\">\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\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/16\/shocking-nobody-kima-needs-to-restructure-its-debts\/\">\r\n                            Shocking nobody, Kima needs to restructure its debts                        <\/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\/16\/shocking-nobody-kima-needs-to-restructure-its-debts\/\" 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\/16\/shocking-nobody-kima-needs-to-restructure-its-debts\/')\">\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\/16\/shocking-nobody-kima-needs-to-restructure-its-debts\/\">\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=Shocking nobody, Kima needs to restructure its debts&url=https:\/\/enterpriseam.com\/egypt\/2021\/06\/16\/shocking-nobody-kima-needs-to-restructure-its-debts\/\">\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\/16\/shocking-nobody-kima-needs-to-restructure-its-debts\/&title=Shocking nobody, Kima needs to restructure its debts\">\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=Shocking+nobody%2C+Kima+needs+to+restructure+its+debts+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F06%2F16%2Fshocking-nobody-kima-needs-to-restructure-its-debts%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\/16\/shocking-nobody-kima-needs-to-restructure-its-debts\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/219.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"563053\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/16\/shocking-nobody-kima-needs-to-restructure-its-debts\/219-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/219.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"219.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/219.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/219.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-563052\" class=\"content-area-description single-story post-563052 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-debt-watch tag-enterpriseam tag-fertilizers tag-kima tag-manufacturing 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-04\"><\/a> <strong>The Egyptian Chemical Industries (Kima) is in talks with a syndicate of six local <\/strong><strong>banks to restructure EGP 6.8 bn in outstanding debt<\/strong>, the state-owned company said in <a href=\"https:\/\/ent.news\/2021\/6\/264178_1.pdf\">a regulatory filing (pdf)<\/a> on Monday. Kima did not name the banks involved in the transaction, which it says has been approved in principle, but said the lenders will finish studying the restructuring process during the second half of July.<\/p>\n<p><strong>What\u2019s going on at Kima?<\/strong> Unnamed sources tell <a href=\"https:\/\/bit.ly\/3xlgwyL\">Al Mal<\/a> that the debt is linked to Kima\u2019s EGP 11.6 bn ammonia-urea plant Kima-2, which it completed in Aswan <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cd1a4c69-296e-438d-bfab-a38827940236\">earlier this year<\/a>. The company reportedly agreed to take on loans at a high interest rate to pay for the construction of the plant, which it is now unable to pay off. Kima also owes dues to the Egyptian Natural Gas Holding Company (EGAS) for transferring gas through Kima-2, and to the Italian contractor Maire Tecnimont for constructing the plant.<\/p>\n<p><strong>Capital increase approved:<\/strong> The banks want the company to complete a capital increase before they agree to extend the repayment period or lower the interest rate. The Financial Regulatory Authority last week <a href=\"https:\/\/ent.news\/2021\/6\/KIMA.pdf\">approved (pdf)<\/a> a EGP 2 bn capital increase.<\/p>\n<p><strong>Kima has also been suffering losses: <\/strong>The company finished 2020 significantly in the red, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/78e6063d-5fc4-4c61-9ee1-b51f6c1273e6\">reporting a EGP 631 mn loss<\/a> after carrying over EGP 1.4 bn in prior losses.<\/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\/debt-watch\/\">debt watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fertilizers\/\">fertilizers<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/kima\/\">Kima<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/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=\"563054\" 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=\"563054\">\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\">LEGISLATION WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/16\/public-sector-wage-increase-signed-into-law\/\">\r\n                            Public sector wage increase signed into law                        <\/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\/16\/public-sector-wage-increase-signed-into-law\/\" 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\/16\/public-sector-wage-increase-signed-into-law\/')\">\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\/16\/public-sector-wage-increase-signed-into-law\/\">\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=Public sector wage increase signed into law&url=https:\/\/enterpriseam.com\/egypt\/2021\/06\/16\/public-sector-wage-increase-signed-into-law\/\">\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\/16\/public-sector-wage-increase-signed-into-law\/&title=Public sector wage increase signed into law\">\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=Public+sector+wage+increase+signed+into+law+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F06%2F16%2Fpublic-sector-wage-increase-signed-into-law%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\/16\/public-sector-wage-increase-signed-into-law\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/220.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"563055\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/16\/public-sector-wage-increase-signed-into-law\/220-jpg-10\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/220.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"220.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/220.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/220.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-563054\" class=\"content-area-description single-story post-563054 post type-post status-publish format-standard has-post-thumbnail hentry category-legislation-watch tag-abdel-fattah-el-sisi tag-civil-service-act tag-egyptian-electricity-holding-company tag-enterpriseam tag-labor tag-legislation-watch tag-penal-code 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>Next month\u2019s public sector wage hikes are now the law of the land:<\/strong> Legislation that raises basic salaries for public sector workers on 1 July has been ratified by President Abdel Fattah El Sisi, <a href=\"https:\/\/www.elwatannews.com\/news\/details\/5533157\">El Watan<\/a> reports. The bill \u2014 <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/30d15bee-ceda-4044-aefc-8e2c73d6ef1c\">approved<\/a> by the House last month \u2014 raises wages by 13% and hikes monthly bonuses by EGP 175-400. It also stipulates a EGP 75 minimum raise to the monthly gross salaries of civil servants who are not covered by the Civil Service Act, who will receive annual raises at the start of the fiscal year, beginning next month.<\/p>\n<p><strong>Other amendments to draft laws approved by El Sisi as <\/strong><strong><a href=\"https:\/\/bit.ly\/3vmhqcZ\">published in the Official Gazette<\/a><\/strong> <strong>yesterday:<\/strong><\/p>\n<ul>\n<li>Amendments that <a href=\"https:\/\/bit.ly\/3gq9e7d\">cap notary fees<\/a> for companies that apply to have overseas businesses at EGP 100k;<\/li>\n<li>Amendments to the Electricity Act to allow the Egyptian Electricity Holding Company (EEHC) to partner with the Egyptian Electricity Transmission Company (EETC) on projects following their <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/839a6b22-6c3d-453a-93c1-77111ac82759\">planned demerger in 2025<\/a>, which was approved in principle by the House <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/db3cf6c2-9e56-4cd4-8e2c-241de1f0368b\">in April<\/a>;<\/li>\n<li><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b0084785-1c4f-47a2-a348-54b37d09c267\">Amendments to the Penal Code<\/a> that <a href=\"https:\/\/bit.ly\/3vrIK9M\">criminalize the unauthorized filming<\/a> of criminal trials.<\/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\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/civil-service-act\/\">Civil Service Act<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egyptian-electricity-holding-company\/\">Egyptian Electricity Holding Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/labor\/\">labor<\/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\/penal-code\/\">penal code<\/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=\"563056\" 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=\"563056\">\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\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/16\/a-merger-in-the-western-desert\/\">\r\n                            A merger in the Western Desert                        <\/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\/16\/a-merger-in-the-western-desert\/\" 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\/16\/a-merger-in-the-western-desert\/')\">\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\/16\/a-merger-in-the-western-desert\/\">\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=A merger in the Western Desert&url=https:\/\/enterpriseam.com\/egypt\/2021\/06\/16\/a-merger-in-the-western-desert\/\">\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\/16\/a-merger-in-the-western-desert\/&title=A merger in the Western Desert\">\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=A+merger+in+the+Western+Desert+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F06%2F16%2Fa-merger-in-the-western-desert%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\/16\/a-merger-in-the-western-desert\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-563056\" class=\"content-area-description single-story post-563056 post type-post status-publish format-standard hentry category-energy tag-egyptian-general-petroleum-corporation tag-energy tag-eni tag-enterpriseam 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>Eni to merge two concessions in Western Desert:<\/strong> Eni has signed an agreement with the Egyptian General Petroleum Corporation (EGPC) and Russian multinational energy corporation Lukoil to merge its Meleiha and Meleiha Deep concessions in the Western Desert, the Italian oil and gas operator said in <a href=\"https:\/\/www.eni.com\/en-IT\/media\/press-release\/2021\/06\/eni-signs-renewal-meleiha-meleiha-deep-concession-egyptian-western-desert.html\">a statement<\/a> yesterday. The new concession, dubbed Merged Meleiha, will be extended to 2036, with a possibile stretch to 2041. Eni operates some of Egypt\u2019s most important oil and gas resources including the giant Zohr natural gas field, the Noor concession, and the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ad5970a1-92ff-4549-8f1e-39e6ebc941a1\">Damietta LNG plant<\/a>.<\/p>\n<p><strong>Who will own what?<\/strong> Eni subsidiary IEOC will own 76% of Merged Meleiha while Lukoil will hold the remaining 24%. The new concession will be operated by Agiba \u2014 a joint venture between IEOC and the EGPC.<\/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\/egyptian-general-petroleum-corporation\/\">Egyptian General Petroleum Corporation<\/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\/eni\/\">Eni<\/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=\"563057\" 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=\"563057\">\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\">COVID WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/16\/will-there-be-a-fourth-wave\/\">\r\n                            Will there be a fourth wave?                        <\/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\/16\/will-there-be-a-fourth-wave\/\" 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\/16\/will-there-be-a-fourth-wave\/')\">\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\/16\/will-there-be-a-fourth-wave\/\">\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=Will there be a fourth wave?&url=https:\/\/enterpriseam.com\/egypt\/2021\/06\/16\/will-there-be-a-fourth-wave\/\">\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\/16\/will-there-be-a-fourth-wave\/&title=Will there be a fourth wave?\">\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=Will+there+be+a+fourth+wave%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F06%2F16%2Fwill-there-be-a-fourth-wave%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\/16\/will-there-be-a-fourth-wave\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-563057\" class=\"content-area-description single-story post-563057 post type-post status-publish format-standard hentry category-covid-watch tag-covid-19 tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Now that we\u2019re past the third wave, will there be wave #4? Maybe and maybe not<\/strong>, head of the government\u2019s covid-19 task force Hossam Hosny told CBC last night. Whether the country experiences a new resurgence of cases later this year depends on how many of the public sign up for vaccines and follow the government\u2019s preventative measures, he said (<a href=\"https:\/\/www.youtube.com\/watch?v=nHEETyNUK1I&t=2s\">watch, runtime: 3:57<\/a>). Deputy health minister for intensive care affairs Sherif Wadea <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9a43c47b-ed41-4d92-b300-002f6e8c6fb5\">called an end to the third wave<\/a> this week, citing falling case figures and declining hospital occupancy rates in recent weeks.<\/p>\n<p><strong>Cases declined again yesterday:<\/strong> The Health Ministry <a href=\"https:\/\/www.facebook.com\/egypt.mohp\/posts\/113929500918273\">reported<\/a> 609 new covid-19 infections yesterday, down from 613 the day before and down 50% from the peak of the third wave a month ago. The country has now disclosed a total of 274,404 confirmed cases of covid-19. The ministry also reported 37 new deaths, bringing the country\u2019s total death toll to 15,691.<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"563058\" 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=\"563058\">\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\">Moves<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/16\/banque-misr-appoints-mohamed-khairat-general-manager\/\">\r\n                            Banque Misr appoints Mohamed Khairat general manager                        <\/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\/16\/banque-misr-appoints-mohamed-khairat-general-manager\/\" 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\/16\/banque-misr-appoints-mohamed-khairat-general-manager\/')\">\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\/16\/banque-misr-appoints-mohamed-khairat-general-manager\/\">\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=Banque Misr appoints Mohamed Khairat general manager&url=https:\/\/enterpriseam.com\/egypt\/2021\/06\/16\/banque-misr-appoints-mohamed-khairat-general-manager\/\">\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\/16\/banque-misr-appoints-mohamed-khairat-general-manager\/&title=Banque Misr appoints Mohamed Khairat general manager\">\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=Banque+Misr+appoints+Mohamed+Khairat+general+manager+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F06%2F16%2Fbanque-misr-appoints-mohamed-khairat-general-manager%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\/16\/banque-misr-appoints-mohamed-khairat-general-manager\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-563058\" class=\"content-area-description single-story post-563058 post type-post status-publish format-standard hentry category-moves tag-banking tag-banque-misr tag-enterpriseam tag-moves wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Banque Misr<\/strong> has appointed <strong>Mohamed Khairat<\/strong> (<a href=\"https:\/\/www.linkedin.com\/in\/mohamed-khairat-bb0433\/?originalSubdomain=eg\">LinkedIn<\/a>) <strong>as the general manager and <\/strong><strong>head of the corporate credit and syndicated loans sector<\/strong>, <a href=\"https:\/\/bit.ly\/3gD9dvk\">Hapi Journal<\/a> reports. Khairat has more than 30 years of experience in banking, and joins from Ahli United Bank where he served as deputy CEO for corporate banking for two years.<\/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\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banque-misr\/\">Banque Misr<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/moves\/\">moves<\/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=\"563059\" 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=\"563059\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/16\/563059\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-563059\" class=\"content-area-description single-story post-563059 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-Estate4-1600px.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=\"563060\" 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=\"563060\">\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\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/16\/gerd-dominates-the-talks-shows-as-arab-league-calls-for-un-actions\/\">\r\n                            GERD dominates the talks shows as Arab League calls for UN actions                        <\/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\/16\/gerd-dominates-the-talks-shows-as-arab-league-calls-for-un-actions\/\" 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\/16\/gerd-dominates-the-talks-shows-as-arab-league-calls-for-un-actions\/')\">\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\/16\/gerd-dominates-the-talks-shows-as-arab-league-calls-for-un-actions\/\">\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=GERD dominates the talks shows as Arab League calls for UN actions&url=https:\/\/enterpriseam.com\/egypt\/2021\/06\/16\/gerd-dominates-the-talks-shows-as-arab-league-calls-for-un-actions\/\">\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\/16\/gerd-dominates-the-talks-shows-as-arab-league-calls-for-un-actions\/&title=GERD dominates the talks shows as Arab League calls for UN actions\">\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=GERD+dominates+the+talks+shows+as+Arab+League+calls+for+UN+actions+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F06%2F16%2Fgerd-dominates-the-talks-shows-as-arab-league-calls-for-un-actions%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\/16\/gerd-dominates-the-talks-shows-as-arab-league-calls-for-un-actions\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-563060\" class=\"content-area-description single-story post-563060 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-arab-league tag-covid-19 tag-diplomacy tag-enterpriseam tag-ethiopia tag-gerd tag-last-nights-talk-shows tag-politics tag-sudan wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>GERD once again dominated proceedings on the nation\u2019s talk shows last night<\/strong> after the Arab League asked the UN Security Council to step in and pressure Ethiopia to reach an agreement with Egypt and Sudan on filling and operating the Grand Ethiopian Renaissance Dam (GERD). Kelma Akhira (<a href=\"https:\/\/www.youtube.com\/watch?v=mvJfTmKQ9gw\">watch, runtime: 2:53<\/a>), Ala Mas\u2019ouleety (<a href=\"https:\/\/www.youtube.com\/watch?v=QUhTgzDeznU\">watch, runtime: 6:34<\/a>), Yahduth fi Masr (watch, runtime: <a href=\"https:\/\/www.youtube.com\/watch?v=fy-eNlZ55NI\">5:02<\/a> | <a href=\"https:\/\/www.youtube.com\/watch?v=X3WcEfB9d2E\">3:53<\/a>), Al Hayah Al Youm (<a href=\"https:\/\/www.youtube.com\/watch?v=AZf9DHAmfYw\">watch, runtime: 2:37<\/a>), Masaa DMC (<a href=\"https:\/\/www.youtube.com\/watch?v=bN-v6S0zp50\">watch, runtime: 10:20<\/a>) and Al Qahera Wel Nas (<a href=\"https:\/\/www.youtube.com\/watch?v=fl7gNVmBP4g\">watch, runtime: 6:22<\/a>) all had coverage last night. We have more on the story in this morning\u2019s news well, above.<\/p>\n<p><strong>Don\u2019t expect the UN Security Council to adopt a tough line on Ethiopia and immediately <\/strong><strong>force it to shelve its plans for GERD<\/strong>, the Arab League\u2019s Permanent Observer at the UN Maged Abdel Fattah said in a phone-in to Kelma Akhira (<a href=\"https:\/\/www.youtube.com\/watch?v=oXqA-gTUvlM\">watch, runtime: 3:41<\/a>). The council can, however, oblige Ethiopia to reach an agreement with Egypt and Sudan before time runs out and Addis Ababa proceeds unilaterally with the dam\u2019s second filling next month, Abdel Fattah said. In all cases, appealing to the Security Council to issue a resolution on the GERD impasse will spark progress on three-way talks with Ethiopia, he suggested (<a href=\"https:\/\/www.youtube.com\/watch?v=u0NfQ0yE2F4\">watch, runtime: 2:30<\/a>).<\/p>\n<p><strong>On the covid front: <\/strong>The Health Ministry reported a 50% drop in daily infections nationwide from the last two weeks, while covid-linked deaths declined 15%, thanks to a boost in the local vaccination campaign, Masaa DMC\u2019s Ramy Radwan said (<a href=\"https:\/\/www.youtube.com\/watch?v=33U1xbL4NYY\">watch, runtime: 1:28<\/a>) last night. Radwan also phoned Higher Education Ministry covid-19 committee member Adel Khattab, who said that the ministry will set up in the coming weeks dozens of post-covid care clinics at university hospitals nationwide, which will be specialized to treat covid-19 survivors struggling with post-covid symptoms (<a href=\"https:\/\/www.youtube.com\/watch?v=TQqW7ovfY5g\">watch, runtime: 10:13<\/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\/arab-league\/\">Arab League<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ethiopia\/\">Ethiopia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gerd\/\">GERD<\/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\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/politics\/\">politics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sudan\/\">Sudan<\/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=\"563061\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section 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 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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=\"563062\">\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\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/16\/football-feminism-and-fighting-in-the-foreign-press-on-16-june-2021\/\">\r\n                            Football, feminism and fighting in the foreign press on 16 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 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href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2021\/06\/16\/football-feminism-and-fighting-in-the-foreign-press-on-16-june-2021\/&title=Football, feminism and fighting in the foreign press on 16 June 2021\">\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=Football%2C+feminism+and+fighting+in+the+foreign+press+on+16+June+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F06%2F16%2Ffootball-feminism-and-fighting-in-the-foreign-press-on-16-june-2021%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\/16\/football-feminism-and-fighting-in-the-foreign-press-on-16-june-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-563062\" class=\"content-area-description single-story post-563062 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-enterpriseam tag-mohamed-salah tag-sports wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>It\u2019s a mixed bag in the foreign press this morning:<\/strong> <a href=\"https:\/\/www.jpost.com\/middle-east\/how-do-egypt-ethiopia-stack-up-militarily-671092\">The Jerusalem Post<\/a> is getting ahead of itself and is matching up the Egyptian and Ethiopian militaries, <a href=\"https:\/\/www.mirror.co.uk\/sport\/football\/news\/liverpool-mohamed-salah-egypt-olympics-24323626\">the UK Mirror<\/a> covers the Egypt national team\u2019s request that Mohamed Salah join them in the Tokyo Olympics, though Liverpool has yet to greenlight his travel to Japan. Meanwhile, an <a href=\"https:\/\/www.al-monitor.com\/podcasts\/were-divas-egypts-roaring-20s-also-pioneers-egyptian-feminism-conversation-raphael-cormack#ixzz6xq8gLpsK\">Al Monitor Podcast<\/a> talks to the author of Midnight in Cairo, a new book that examines women\u2019s contributions to Egypt\u2019s early 20th century music, film and cabaret scenes.<\/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\/mohamed-salah\/\">Mohamed Salah<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sports\/\">sports<\/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=\"563063\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"563064\" 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=\"563064\">\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\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/16\/zeta-investments-ups-stake-in-beltone-to-4\/\">\r\n                            Zeta Investments ups stake in Beltone to 4%                        <\/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\/16\/zeta-investments-ups-stake-in-beltone-to-4\/\" 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\/16\/zeta-investments-ups-stake-in-beltone-to-4\/')\">\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\/16\/zeta-investments-ups-stake-in-beltone-to-4\/\">\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=Zeta Investments ups stake in Beltone to 4%&url=https:\/\/enterpriseam.com\/egypt\/2021\/06\/16\/zeta-investments-ups-stake-in-beltone-to-4\/\">\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\/16\/zeta-investments-ups-stake-in-beltone-to-4\/&title=Zeta Investments ups stake in Beltone to 4%\">\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=Zeta+Investments+ups+stake+in+Beltone+to+4%25+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F06%2F16%2Fzeta-investments-ups-stake-in-beltone-to-4%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\/16\/zeta-investments-ups-stake-in-beltone-to-4\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-563064\" class=\"content-area-description single-story post-563064 post type-post status-publish format-standard hentry category-also-on-our-radar tag-also-on-our-radar tag-beltone-financial tag-enterpriseam tag-gasc tag-giulio-regeni tag-italy tag-law tag-zeta-investments wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>M&A WATCH- <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f9c4b03c-7e07-4ed4-ba5f-048a3454ec51\">Zeta Investments<\/a><\/strong><strong> has raised its stake in Beltone Financial to 4%<\/strong> from 3.1%, it said in <a href=\"https:\/\/ent.news\/2021\/6\/264278_1.pdf\">a statement (pdf)<\/a> to the EGX yesterday. The Hong Kong-based investment firm purchased some 4.6 mn shares for almost EGP 17.4 mn.<\/p>\n<p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n<ul>\n<li>A project to roll out <strong>modern, water-efficient irrigation systems to 3.7 mn feddan<\/strong><strong>s<\/strong> nationwide over the next three years <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/157128103124285\">has kicked off in Qalyubia Governorate<\/a>.<\/li>\n<li>State grain buyer <strong>GASC <\/strong>has <strong><a href=\"https:\/\/www.nasdaq.com\/articles\/egypts-gasc-cancels-international-wheat-tender-for-aug-21-31-shipment-2021-06-15\">called off<\/a><\/strong><strong> an international wheat tender<\/strong> that was slated for delivery over 21-31 August, without providing a reason for the cancellation. One European trader attributed the move to <strong>expensive freight rates<\/strong>.<\/li>\n<li><strong>Egypt\u2019s public prosecutor <\/strong><strong><a href=\"https:\/\/www.facebook.com\/ppo.gov.eg\/posts\/327602065395323\">has denied<\/a><\/strong><strong> state involvement<\/strong> in the abduction and <strong>killing <\/strong><strong>of Italian student Giulio Regeni<\/strong>, two weeks after an Italian judge <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0d5aee90-3571-4538-ad7f-2f77684f1091\">agreed to put four members of the security forces on trial<\/a> in October citing \u201csufficient evidence.\u201d<\/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\/beltone-financial\/\">Beltone Financial<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gasc\/\">GASC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/giulio-regeni\/\">Giulio Regeni<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/italy\/\">Italy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/law\/\">law<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/zeta-investments\/\">Zeta Investments<\/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=\"563065\" 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=\"563065\">\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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/16\/brent-price-hits-highest-level-since-october-2018\/\">\r\n                            Brent price hits highest level since October 2018                        <\/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\/16\/brent-price-hits-highest-level-since-october-2018\/\" 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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Oil hasn\u2019t been in three figures since the price crash in the summer of 2014.<\/p><p><strong>Investors could get a chance to own a slice of the world\u2019s largest freezone: <\/strong>DP World could sell a stake in its Jebel Ali Freezone in a bid to cut its debt and keep its investment-grade rating, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-06-14\/dp-world-is-said-to-weigh-sale-of-stake-in-jebel-ali-free-zone?sref=mmeFTDW1\">Bloomberg<\/a> reports, quoting people familiar with the matter. The zone, which is responsible for almost a quarter of FDI into Dubai and hosts 8k companies, could net the port operator USD 1-1.3 bn if it sells a 30-40% stake.<\/p><p><strong>Ten of the world\u2019s largest banks have been blacklisted by the EU and won\u2019t be allowed to manage <\/strong><strong>bond sales<\/strong> under its EUR 800 bn covid recovery program for breaching antitrust laws, people familiar with the matter told the <a href=\"https:\/\/www.ft.com\/content\/130cf192-8fe0-4edb-a962-2625107eae2f\">Financial Times<\/a>. The banks, which include JPMorgan, Citigroup, Barclays and Deutsche Bank, were told that their past involvement in market-rigging scandals means that they won\u2019t be able to take part in the huge debt issuance.<\/p><div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table table-striped markets-table\">\n<tbody>\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>EGX30 <\/strong><\/p>\n<\/td>\n<td>\n<p>9,891<\/p>\n<\/td>\n<td>\n<p>-0.4% (YTD: -8.8%)<\/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 15.60<\/p>\n<\/td>\n<td>\n<p>Sell 15.70<\/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 15.60<\/p>\n<\/td>\n<td>\n<p>Sell 15.70<\/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>10,831<\/p>\n<\/td>\n<td>\n<p>-0.8% (YTD: +24.7%)<\/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>6,740<\/p>\n<\/td>\n<td>\n<p>+0.1% (YTD: +33.6%)<\/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>DFM<\/strong><\/p>\n<\/td>\n<td>\n<p>2,869<\/p>\n<\/td>\n<td>\n<p>+0.1% (YTD: +15.2%)<\/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>S&amp;P 500<\/strong><\/p>\n<\/td>\n<td>\n<p>4,246<\/p>\n<\/td>\n<td>\n<p>-0.2% (YTD: +13.1%)<\/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>FTSE 100<\/strong><\/p>\n<\/td>\n<td>\n<p>7,172<\/p>\n<\/td>\n<td>\n<p>+0.4% (YTD: +11.0%)<\/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>Brent crude<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 73.99<\/p>\n<\/td>\n<td>\n<p>+1.6%<\/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>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td>\n<p>USD 3.2<\/p>\n<\/td>\n<td>\n<p>-0.7%<\/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 1,860.70<\/p>\n<\/td>\n<td>\n<p>+0.2%<\/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>BTC<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 40,099<\/p>\n<\/td>\n<td>\n<p>-0.5% (as of midnight)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><p><strong>The EGX30 fell 0.4% at today\u2019s close<\/strong> on turnover of EGP 1.13 bn (11.9% below the 90-day average). Local investors were net sellers. The index is down 8.8% YTD.<\/p><p><strong>In the green: <\/strong>Cleopatra Hospital (+2.0%), Fawry (+2.0%) and Ezz Steel (+1.6%).<\/p><p><strong>In the red: <\/strong>Pioneers Holding (-4.3%), Orascom Investment Holding (-3.1%) and Qalaa Holdings (-3.0%).<\/p><p><strong>Most Asian markets are down in early trading this morning ahead of the Fed meeting<\/strong>, which concludes later today. Futures suggest that European shares will open in the green, but US markets will fall in early trading.<\/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\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/central-bank-of-egypt\/\">Central Bank of Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/european-central-bank\/\">European Central Bank<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/regulation\/\">regulation<\/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 hardhat vertical-section wide-section wp-block-group issue-section\" id=\"563066\">\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 class=\"wp-block-image size-full\">\r\n                                            <img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27467.svg\" style=\"width:80%\" alt=\"\" >\r\n                                    <\/figure>\r\n                <p>\r\n                    Our weekly deep-dive into infrastructure in Egypt.                <\/p>\r\n                <figure class=\"wp-block-image size-full mt-0 mb-0 img-white-bg\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27479.svg\" alt=\"\"><\/figure>\r\n                <p class=\"has-text-color has-link-color\">\r\n                    Published every Wednesday in EnterpriseAM.                <\/p>\r\n                <div class=\"wp-block-buttons mt-0\">\r\n                    <div class=\"wp-block-button\">\r\n                        <a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/enterpriseam.com\/egypt\/hardhat\/\">\r\n                            Read Hardhat                        <\/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\/hardhats\/egypts-digital-infrastructure-2020-growth-and-key-trends\/\"> \r\n                            Egypt\u2019s digital infrastructure: 2020 growth and key trends<\/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        <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\/hardhats\/egypts-digital-infrastructure-2020-growth-and-key-trends\/\" 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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As the pandemic brought new restrictions for mns of people, Egypt saw a sharp rise in the use of digital services, social media, financial technology, and e-commerce platforms.<\/p>\n<p><strong>We have a clearer picture on these growth trends <\/strong>thanks to the <a href=\"https:\/\/datareportal.com\/reports\/digital-2021-egypt\">Digital 2021: Egypt<\/a> report by <a href=\"https:\/\/datareportal.com\/about\">Data Reportal<\/a>, which collects data from the UN, World Bank, Google and more to give us insight into where Egypt stands in its digital development.<\/p>\n<p><strong>2020 saw exciting new trends, but we have a long way to go: <\/strong>The report found that as of January 2021, Egypt had a mobile penetration rate of 92.7% and an internet penetration rate of 57.3%. In 2020, Egypt saw a 2.9% y-o-y increase in mobile connections and an 8.1% y-o-y increase in internet usage, not surprising, since the lockdown happened, and came in tandem with the <a href=\"https:\/\/enterprise.press\/hardhats\/egypts-ict-telecoms-sectors-keeping-us-functioning-lockdown\/\">CIT Ministry\u2019s efforts<\/a> to boost internet infrastructure at the start of the pandemic. We also see the emergence of things like the smart home devices, which grew in 2020. Other trends were already clearly visible (think e-commerce, social media usage, etc.). That said, the report notes that we still lag behind on key things, such as financial inclusion.<\/p>\n<p><strong>Surprisingly, fixed internet connection speed saw a much more muted increase in 2020, after shooting up 293% y-o-y in 2019.<\/strong> In 2020, the average download speed for fixed internet connections increased 31.5% y-o-y to 34.88 MPS MPS (megabits per second). This came after rising a massive 293% y-o-y in 2019 to 26.52 MPS. While the report was scant on what could have caused this, we can assume lockdown measures had hampered the installation of fiber optic cables, combined with the network overload and demand during the lockdown.<\/p>\n<p><strong>Looking ahead, we know fiber optic cables will remain key to the gov\u2019t digitization strategy.<\/strong> Last year, the government <a href=\"https:\/\/www.trade.gov\/country-commercial-guides\/egypt-information-and-communications-technology-and-digital-economy\">announced plans<\/a> to increase the average internet speed to 40 Mbps in 2021. This year, Telecom Egypt <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1c343896-2acc-4d73-b996-567e5f29dd54\">is establishing<\/a> a new fiber optic connection between the Red Sea and the Mediterranean. As of April, fiber optic connectivity <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/01f4d4ff-bd21-49a5-b997-1925b2b7dcef\">was set to become<\/a> one of the public utilities required for new construction permits. And the rollout of more fiber optic cables nationwide is integral to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a90acf00-10d7-4a81-9d9d-8990542e2d81\">recently-announced<\/a> economic and social structural government reforms.<\/p>\n<p><strong>In 2020, the average download speed for mobile internet connections increased 20.9% to 20.42 MPS (megabits per second),<\/strong> Data Reportal tells us. By contrast, the average speed for mobile internet connections in 2019 decreased slightly y-o-y by 0.4% to 16.89 MPS.<\/p>\n<p><strong>In 2020, Egypt\u2019s overall score on <\/strong><strong><a href=\"https:\/\/www.mobileconnectivityindex.com\/#year=2019&globalRankings=overall&globalRankingsYear=2019\">GSMA Intelligence\u2019s Mobile Connectivity Index<\/a><\/strong><strong> rose to 55.71 out of 100, compared to 54.24 in 2019.<\/strong> The index measures the performance of 170 countries every year according to key metrics of mobile internet adoption.<\/p>\n<p><strong>Though Egypt still ranks in the bottom 50% of the Index,<\/strong> behind the UAE (78.2), Jordan (60.4), Tunisia (60), Morocco (59.9), and Lebanon (59.9), but ahead of Algeria (53.2), Libya (50.9), Iraq (45.5) and Sudan (35.1).<\/p>\n<p><strong>Social media usage in 2020 increased at double the rate of 2019:<\/strong> 2020 saw a 16.7% y-o-y increase in active social media users, compared to a 7.3% y-o-y increase in active social media usage <a href=\"https:\/\/datareportal.com\/reports\/digital-2020-egypt?rq=digital%202020%20egyp\">in 2019<\/a>. As of January 2021, Egypt had a social media penetration rate of 47.4%. The 40% y-t-d increase in internet traffic noted by Orange Egypt\u2019s Chief Enterprise Line of Business Officer Hisham Mahran <a href=\"https:\/\/enterprise.press\/hardhats\/egypts-ict-telecoms-sectors-keeping-us-functioning-lockdown\/\">in April 2020<\/a> was largely driven by social media.<\/p>\n<p><strong>The consumer goods e-commerce market grew 63.5% <\/strong><strong>y-o-y<\/strong><strong> in 2020<\/strong>, <strong>to stand at USD 3.27 bn<\/strong>, with an estimated 41.36 mn people purchasing consumer goods on the internet as of January 2021. This ties in with <a href=\"https:\/\/enterprise.press\/hardhats\/2020-review-diversification-digitization-guided-infrastructure-2020-may-continue-2021\/\">Jumia Egypt\u2019s reports<\/a> of <a href=\"https:\/\/enterprise.press\/hardhats\/whats-jumia-egypt\/\">soaring pandemic-driven growth<\/a>.<\/p>\n<p><strong>It\u2019s further proof that e-commerce has become a key purchasing habit:<\/strong> Among 16-64 year old internet users, 20.6% make mobile payments, 56.9% pay for digital content, 33.7% pay online for ride-hailing apps, and 41.3% pay online for food delivery every month.<\/p>\n<p><strong>But overall, financial exclusion remains a challenge to the growth of the digital space.<\/strong> Though e-commerce, fintech and digital payments saw <a href=\"https:\/\/enterprise.press\/hardhats\/2020-review-diversification-digitization-guided-infrastructure-2020-may-continue-2021\/\">sharp growth<\/a> during the pandemic, their adoption among most Egyptian citizens is low in an absolute sense, Data Reportal shows. Only 3.5% of the population aged 15+ reports paying bills or making purchases online \u2014 hardly surprising, given only 32.8% report having an account with a financial institution and only 3.3% have a credit card.<\/p>\n<p><strong>The food delivery market value was up:<\/strong> Food delivery transactions rose 44.1% y-o-y to USD 81.10 mn, with 3.59 mn people using online food delivery services as of January 2021. Market demand was clear when <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/88046d38-28ad-4bad-a352-29ce397119a9\">Jumia launched<\/a> a dedicated food delivery service to fill the gap created by <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/94b23f6d-874a-4f4e-89f2-8bad152190ff\">Uber Eats<\/a> and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/21a40e45-ce53-470f-8a57-1556d60dbbd4\">Glovo\u2019s<\/a> exits.<\/p>\n<p><strong>While ride-hailing was understandably down: <\/strong>Meanwhile, Ride-hailing transactions fell 37.4% y-o-y in 2020 to USD 115.1 mn, with 1.88 mn people using ride-hailing services as of January 2021, according to Data Reportal. Decreased use of shared transport was clear at the start of the pandemic, with ride-hailing startups <a href=\"https:\/\/enterprise.press\/hardhats\/infrastructure-startups-covid-19-era-will-go-survive-thrive\/\">feeling the hit<\/a> of the lockdown.<\/p>\n<p><strong>One surprising upshot: smart home device adoption soared in 2020:<\/strong> Egypt\u2019s smart home penetration grew 11.1% y-o-y in 2020, compared to 86% y-o-y in 2019. As of January 2021, smart home devices were in 1.6 mn homes, up from 280k in January 2020.<\/p>\n<p><strong>But the market\u2019s total value increase was only half of 2019\u2019s: <\/strong>Smart home device purchases grew 49.4% y-o-y in 2020, compared to a 94% y-o-y increase in 2019. Market value rose to USD 133 mn in January 2021 from USD 94 mn in January 2020.<\/p>\n<hr class=\"grey-line\">\n<p><strong>Your top infrastructure stories for the week:<\/strong><\/p>\n<ul>\n<li><strong>Transport projects: <\/strong>Part of the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e568b923-fc79-474a-86c5-3642cde47c98\">EUR 3.8 bn in agreements<\/a> signed with France will go to the supply of 55 new trains for Cairo Metro Line 1, the rehabilitation of the Mansoura-Damietta railway, the construction of the Aswan-Toshka rail line, and the Abu Qir metro conversion project.<\/li>\n<li><strong>Giza sound and light<\/strong>: Orascom Investment Holding subsidiary Orascom Pyramids and Holding Company for Tourism and Hotels signed an <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/40876bbc-c57d-4a13-ae88-d8f432b408f9\">EGP 200 mn agreement<\/a> for the Giza sound and light show revamp.<\/li>\n<li><strong>Infrastructure financing<\/strong>: Egypt is close to getting a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/816b6325-e449-4c28-83db-0e2a0c501413\">USD 400 mn World Bank loan<\/a> that will in-part fund infrastructure.<\/li>\n<\/ul>\n<ul>\n<li><strong>Tenth of Ramadan dry dock and logistics hub: <\/strong>The cabinet greelit a public-private partnership model under which the government will launch a tender to establish the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e5fb23aa-0496-4f4b-a296-41de09a6a0ca\">Tenth of Ramadan City dry port and logistics hub.<\/a><\/li>\n<li><strong>Bye bye microbuses: <\/strong>Microbuses will be <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bbd65129-54af-41f9-8d58-667221f653c6\">banned from the ring road<\/a> later this year to make way for the bus rapid transit system, which will see buses run regular routes with designated stops.<\/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\/app-annie\/\">App Annie<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cia-world-factbook\/\">CIA World Factbook<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/data-reportal\/\">Data Reportal<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/google-trends\/\">Google Trends<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gsma-intelligence\/\">GSMA Intelligence<\/a>\n                <!-- 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href=\"https:\/\/enterpriseam.com\/egypt\/tag\/statista\/\">Statista<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/un-world-population-prospects\/\">UN World Population Prospects<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-bank-open-data\/\">World Bank Open Data<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\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=\"563068\" 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\/16\/your-essential-business-calendar-on-16-june-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-563068\" class=\"content-area-description single-story post-563068 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>14-17 June (Monday-Thursday): The EFG Hermes and Saudi Exchange Virtual Investor Conference.<\/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 for Enpact + Tui + GIZ <a href=\"https:\/\/ent.news\/2021\/6\/070621_Egypt-Press-Release_ENG.pdf\">tourism recovery program (pdf)<\/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>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: The Cairo International Book Fair, Egypt International Exhibition Center.<\/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":563043,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-563042","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"7f3f2732-b43a-48a2-b663-0f0458f86cf2","teaser":"","photo_url":"https:\/\/ent.news\/2021\/6\/212.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>All eyes on UN as Arab League calls for action on GERD - 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\/all-eyes-on-un-as-arab-league-calls-for-action-on-gerd\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"All eyes on UN as Arab League calls for action on GERD\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/issues\/all-eyes-on-un-as-arab-league-calls-for-action-on-gerd\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T03:57:08+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/212.jpg?fit=%2C&ssl=1\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/all-eyes-on-un-as-arab-league-calls-for-action-on-gerd\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/issues\/all-eyes-on-un-as-arab-league-calls-for-action-on-gerd\/\",\"name\":\"All eyes on UN as Arab League calls for action on GERD - 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