{"id":563330,"date":"2021-06-28T04:00:47","date_gmt":"2021-06-28T04:00:47","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=563330"},"modified":"2025-12-16T04:04:06","modified_gmt":"2025-12-16T04:04:06","slug":"what-the-crystal-balls-say-about-stocks-bonds-and-commodities","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/what-the-crystal-balls-say-about-stocks-bonds-and-commodities\/","title":{"rendered":"What the crystal balls say about stocks, bonds and commodities"},"content":{"rendered":"<section id=\"563332\" 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=\"563332\">\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\/28\/this-morning-imf-presser-today-shoukry-in-rome-for-anti-daesh-meeting-fake-vaccine-certificates-in-vogue-in-moscow\/\">\r\n                            THIS MORNING: IMF presser today; Shoukry in Rome for anti-Daesh meeting; Fake vaccine certificates in vogue in Moscow.                        <\/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\/28\/this-morning-imf-presser-today-shoukry-in-rome-for-anti-daesh-meeting-fake-vaccine-certificates-in-vogue-in-moscow\/\" 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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Shoukry in Rome for anti-Daesh meeting; Fake vaccine certificates in vogue in Moscow.\">\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+IMF+presser+today%3B+Shoukry+in+Rome+for+anti-Daesh+meeting%3B+Fake+vaccine+certificates+in+vogue+in+Moscow.+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F06%2F28%2Fthis-morning-imf-presser-today-shoukry-in-rome-for-anti-daesh-meeting-fake-vaccine-certificates-in-vogue-in-moscow%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\/28\/this-morning-imf-presser-today-shoukry-in-rome-for-anti-daesh-meeting-fake-vaccine-certificates-in-vogue-in-moscow\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-563332\" class=\"content-area-description single-story post-563332 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-covid-19 tag-debt tag-economy tag-enterpriseam tag-imf tag-russia tag-vaccines 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, everyone<\/strong>, and a very happy Monday to you all on this holiday-shortened week.<\/p><p><strong>WHAT\u2019S HAPPENING TODAY- <\/strong><\/p><p><strong>The IMF is holding a virtual press conference today on the disbursal of the <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0d21662d-0829-49ce-bfe2-4e3cc3e78f80\">USD<\/a><\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0d21662d-0829-49ce-bfe2-4e3cc3e78f80\">1.6 bn third and final tranche<\/a><\/strong><strong> of our USD 5.2 bn standby loan<\/strong>, <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=27062021&amp;id=1ccc0ba3-65f4-4c77-b5fb-e690a257da5d\">Al Shorouk<\/a>reports. IMF mission chief Celine Allard will discuss the second review of policy reform targets set under the facility, which was approved in June 2020.<\/p><p><strong>Oil Minister Tarek El Molla will speak at AmCham\u2019s <\/strong><strong><a href=\"https:\/\/www.amcham.org.eg\/events-activities\/events\/online-registration\/1377\">virtual monthly event<\/a><\/strong> from 3-4pm. The minister will discuss recent developments in the industry.<\/p><p><strong>Foreign Minister Sameh Shoukry is in Rome today <\/strong>for <a href=\"https:\/\/www.esteri.it\/mae\/en\/sala_stampa\/archivionotizie\/approfondimenti\/2021\/06\/ministeriale-plenaria-della-coalizione-globale-anti-daesh-il-prossimo-28-giugno-a-roma.html\">a meeting of the global<\/a><a href=\"https:\/\/www.esteri.it\/mae\/en\/sala_stampa\/archivionotizie\/approfondimenti\/2021\/06\/ministeriale-plenaria-della-coalizione-globale-anti-daesh-il-prossimo-28-giugno-a-roma.html\">anti-Daesh coalition<\/a>, the Foreign Ministry <a href=\"https:\/\/www.facebook.com\/MFAEgypt\/posts\/118429070466948\">said<\/a> yesterday.<\/p><p><strong>It\u2019s the third day of the <\/strong><strong><a href=\"https:\/\/www.thebig5constructegypt.com\/\">Big 5 Construct Egypt<\/a><\/strong> at the Cairo International Convention Center.<\/p><p><strong>WHAT\u2019S HAPPENING ABROAD- There are two stories<\/strong> grabbing the attention of the international business press this morning:<\/p><ul>\n<li><strong>US building collapse:<\/strong> The collapse of a 12-storey condo in Florida is still making the front pages of most US media, from the <a href=\"https:\/\/www.washingtonpost.com\/national\/condo-collapse-sunday\/2021\/06\/27\/e5a53910-d798-11eb-8fb8-aea56b785b00_story.html\">Washington Post<\/a> to the <a href=\"https:\/\/www.wsj.com\/articles\/miami-area-condo-collapse-search-effort-enters-fourth-day-11624806358?mod=hp_lead_pos7\">WSJ<\/a>;<\/li>\n<li><strong>Airstrikes in Iraq:<\/strong> US forces have carried out airstrikes against Iran-linked militias in Iraq and Syria. They story is everywhere from the <a href=\"https:\/\/www.nytimes.com\/2021\/06\/27\/us\/politics\/us-airstrikes-iraq-syria.html\">NYT<\/a> to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-06-27\/u-s-hits-iran-backed-militias-with-airstrikes-pentagon-says?srnd=premium\">Bloomberg<\/a>.<\/li>\n<\/ul><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>SIGN OF THE TIMES- There\u2019s now a black market for fake vaccination certificates in <\/strong><strong>Moscow<\/strong>, where the Russian capital\u2019s mayor has mandated covid-19 jabs for more than half of all service-sector employees as of today, <a href=\"https:\/\/www.washingtonpost.com\/world\/europe\/moscow-fake-vaccine-coronavirus\/2021\/06\/26\/0881e1e4-cf98-11eb-a224-bd59bd22197c_story.html\">the Washington Post<\/a> reports. Workers who interact with the public, including teachers, taxi drivers, salespeople and waiters, are among those on the run to save their jobs by either getting vaccinated \u2014 or purchasing bogus vaccination certificates. Fake certificates are going for the equivalent of about USD 25.<\/p><p><strong>** CATCH UP QUICK<\/strong> with the top stories from yesterday\u2019s edition of <strong>EnterprisePM:<\/strong><\/p><ul>\n<li><strong>Contact to tap sukuk market in 3Q2021: <\/strong>Contact Financial Holding plans to issue sukuk worth <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a40d14db-a58a-4cdc-8938-0232d8068c6e\">EGP 2.5-3 bn<\/a> in 3Q2021 to finance its subsidiaries.<\/li>\n<li><strong>Egypt\u2019s first local green bond sale nears:<\/strong> The first local <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7c062674-f53c-4868-b5ab-3a5cb71cc371\">green bonds sale<\/a> worth USD 100 mn could kick off within two to three weeks.<\/li>\n<li><strong>SMEs are slated for growth<\/strong>: Over <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/52d5eb97-2c43-4f46-839a-e32cb55e1764\">70% of small and medium-sized enterprises<\/a> in Egypt are confident that their business will perform well next year.<\/li>\n<\/ul><p><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p><p><strong>The Cairo International Book Fair <\/strong>will open its doors at the Egypt International Exhibition Center on Wednesday, 30 June. The two-week event will run through to 15 July.<\/p><p><strong>The Clean Energy Business Council (CEBC) MENA are holding a webinar titled <\/strong><strong><a href=\"https:\/\/register.gotowebinar.com\/register\/6716521125423287567\">Energy<\/a><\/strong><strong><a href=\"https:\/\/register.gotowebinar.com\/register\/6716521125423287567\">Efficiency in the MENA region: Status and Outlook<\/a><\/strong> on 6 July at 3:30pm.<\/p><p><strong>The British Egyptian Business Association (BEBA) is organizing a virtual education week <\/strong><strong>from 5-6 July<\/strong> with three seminars planned. The first, taking place at 10am on 5 July, will discuss <a href=\"https:\/\/us02web.zoom.us\/webinar\/register\/WN_6h0ENWL5Rg61kAViRsbi7Q\">skills-based learning<\/a> while the <a href=\"https:\/\/us02web.zoom.us\/webinar\/register\/WN_JL59Z3vIQ8Se-s8THnt3IQ\">future of investment in education<\/a> will be the topic on the table at 12:30pm the same day. On 6 July, a talk on the <a href=\"https:\/\/us02web.zoom.us\/webinar\/register\/WN_EOlyoDeQQryADcYSJ3-_5Q\">digitalization of education in Egypt<\/a> will be held at 12pm.<\/p><p><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p><p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/11\/CIRA-Blackboard-Banner-B.jpg?ssl=1\" alt=\"enterprise\"><\/p><p><strong>*** It\u2019s Blackboard day:<\/strong> We have our weekly look at the business of education in Egypt, from pre-K through the highest reaches of higher ed. Blackboard appears every Monday in Enterprise in the place of our traditional industry news roundups.<\/p><p><strong>In today\u2019s issue:<\/strong> Egypt\u2019s private sector K-12 student growth has almost doubled in the last five years, and players are expanding every day. One of those players is BalancED Education Company. We sat down with chairman Ahmed El Bakry and managing director Salma El Bakry to talk about how they\u2019re planning to invest EGP 1.2 bn in the next three years, the status of private education in Cairo and other governorates, and how they make sure they have their own pipeline of certified teachers.<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/imf\/\">IMF<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/russia\/\">Russia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/vaccines\/\">vaccines<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <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=\"563333\" 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=\"563333\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/28\/563333\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-563333\" class=\"content-area-description single-story post-563333 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 decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/SOMA-ENTERPRISE-EQF-1600px.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\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=\"563334\" 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=\"563334\">\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\">Capital markets<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/28\/only-10-egx-companies-are-attractive-to-foreign-investors-says-rencap\/\">\r\n                            Only 10 EGX companies are attractive to foreign investors, says RenCap                        <\/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\/28\/only-10-egx-companies-are-attractive-to-foreign-investors-says-rencap\/\" 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\/28\/only-10-egx-companies-are-attractive-to-foreign-investors-says-rencap\/')\">\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\/28\/only-10-egx-companies-are-attractive-to-foreign-investors-says-rencap\/\">\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=Only 10 EGX companies are attractive to foreign investors, says RenCap&url=https:\/\/enterpriseam.com\/egypt\/2021\/06\/28\/only-10-egx-companies-are-attractive-to-foreign-investors-says-rencap\/\">\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\/28\/only-10-egx-companies-are-attractive-to-foreign-investors-says-rencap\/&title=Only 10 EGX companies are attractive to foreign investors, says RenCap\">\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=Only+10+EGX+companies+are+attractive+to+foreign+investors%2C+says+RenCap+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F06%2F28%2Fonly-10-egx-companies-are-attractive-to-foreign-investors-says-rencap%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\/28\/only-10-egx-companies-are-attractive-to-foreign-investors-says-rencap\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/343.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"563335\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/28\/only-10-egx-companies-are-attractive-to-foreign-investors-says-rencap\/343-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/343.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"343.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/343.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/343.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-563334\" class=\"content-area-description single-story post-563334 post type-post status-publish format-standard has-post-thumbnail hentry category-capital-markets tag-capital-markets tag-ci-capital tag-cleopatra-hospitals-group tag-e-finance tag-eastern-company tag-efg-hermes tag-egx tag-enterpriseam tag-fawry tag-ipo-watch tag-macro-group tag-renaissance-capital wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>Only 10 EGX-listed companies have the market cap and liquidity <\/strong><strong>to be really attractive to foreign investors<\/strong>, Amr Helal, Renaissance Capital\u2019s North Africa CEO, said at a conference yesterday, according to <a href=\"https:\/\/bit.ly\/3w1QAXE\">Al Shorouk<\/a>.<\/p>\n<p><strong>Among the top of the list:<\/strong> Speaking at the Portfolio Egypt 2021 conference, Helal named leading private-sector bank <strong>CIB<\/strong>, state-run tobacco monopoly <strong>Eastern Company<\/strong>, e-payment firm <strong>Fawry<\/strong> and <strong>Cleopatra Hospitals Group<\/strong> as the most attractive EGX-listed stocks for foreign investors. Healthcare, education and fintech are all particularly hot internationally, he added.<\/p>\n<p><strong>The EGX has had a rough 2021 so far:<\/strong> The benchmark EGX30 is down 5% in 2021 YTD, with foreign and institutional investors typically accounting for less than 25% of trading volumes. The bourse\u2019s regional competitors, meanwhile, are flying: The ADX is up almost 33% YTD, the Saudi Tadawul is up 26.2%, while the DFM has gained 15.2% since the start of the year.<\/p>\n<p><strong>The biggest problem?<\/strong> A lack of large, listed companies on the bourse, Helal said.<\/p>\n<p><strong>Are IPOs the solution?<\/strong> That\u2019s the conventional wisdom \u2014 that it\u2019s going to take large offerings of fresh paper to lure foreign investors back. Helal cautions, though, that new offerings on the EGX often fail to attract significant foreign interest when they\u2019re overpriced.<\/p>\n<p><strong>As many as four companies could IPO on the EGX in the second half of this year<\/strong>, EGX boss Mohamed Farid <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d76af368-d2af-47da-a931-c394fcc6c8f1\">said earlier this month<\/a>. State-owned e-payments company E-Finance is planning to go public <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c18da9be-b09d-48fc-8ccd-da89d6947dbc\">in 2H2021<\/a> while Ebtikar\u2019s share sale is <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e2288438-1757-4a28-b7a4-8060a362753b\">expected to take place in 4Q2021<\/a>. Meanwhile, cosmeceutical giant Macro Group is looking to pull the trigger on its IPO in the fall after <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/75b46198-eeb9-4f78-81cf-25219caf31c2\">postponing it in April<\/a>.<\/p>\n<p><strong>RenCap has four EGX IPOs in its pipeline<\/strong>, some of which could go to market by the end of this year, while others would make their market debuts in 2022, Helal said. We know already that the EM-focused investment bank <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c18da9be-b09d-48fc-8ccd-da89d6947dbc\">is managing E-Finance\u2019s share sale<\/a> alongside CI Capital and Pharos, and will <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/41f12ac1-51f9-49c7-ad9e-9955e248aa88\">quarterback the Macro transaction<\/a> alongside EFG Hermes.<\/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\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ci-capital\/\">CI Capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cleopatra-hospitals-group\/\">Cleopatra Hospitals Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/e-finance\/\">e-finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/eastern-company\/\">Eastern Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/efg-hermes\/\">EFG Hermes<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fawry\/\">Fawry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ipo-watch\/\">IPO watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/macro-group\/\">Macro Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/renaissance-capital\/\">Renaissance Capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"563336\" 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=\"563336\">\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\">Economy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/28\/bahrain-over-egypt-says-arqaam-capital\/\">\r\n                            Bahrain over Egypt, says Arqaam Capital                        <\/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\/28\/bahrain-over-egypt-says-arqaam-capital\/\" 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\/28\/bahrain-over-egypt-says-arqaam-capital\/')\">\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\/28\/bahrain-over-egypt-says-arqaam-capital\/\">\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=Bahrain over Egypt, says Arqaam Capital&url=https:\/\/enterpriseam.com\/egypt\/2021\/06\/28\/bahrain-over-egypt-says-arqaam-capital\/\">\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\/28\/bahrain-over-egypt-says-arqaam-capital\/&title=Bahrain over Egypt, says Arqaam Capital\">\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=Bahrain+over+Egypt%2C+says+Arqaam+Capital+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F06%2F28%2Fbahrain-over-egypt-says-arqaam-capital%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\/28\/bahrain-over-egypt-says-arqaam-capital\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/344.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"563337\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/28\/bahrain-over-egypt-says-arqaam-capital\/344-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/344.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"344.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/344.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/344.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-563336\" class=\"content-area-description single-story post-563336 post type-post status-publish format-standard has-post-thumbnail hentry category-economy tag-arqaam-capital tag-bahrain tag-bonds tag-economy tag-enterpriseam tag-oil-and-gas 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>Rising oil prices have Arqaam favoring Bahrain\u2019s bonds over Egypt\u2019s: <\/strong>The Egyptian bond market may be underpricing the country\u2019s vulnerability to rising oil prices, Abdul Kadir Hussain, managing director of fixed income asset management at Arqaam Capital, suggested in an interview with Bloomberg Daybreak yesterday (<a href=\"https:\/\/www.bloomberg.com\/news\/videos\/2021-06-27\/arqaam-capital-s-hussain-we-like-bahrain-over-oman-and-egypt-now-video?sref=mmeFTDW1\">watch, runtime 6:11<\/a>). Although many of the region\u2019s sovereign yield spreads have priced-in higher oil prices, Hussain suggested that Egyptian spreads may not be reflecting the level of risk that the country \u2014 a net importer of oil \u2014 faces as prices climb. \u201cEven though Egypt trades wider than Bahrain, we think that the spread differential is not wide enough, given the headwinds Egypt might face from higher oil prices, even in the face of improving tourism,\u201d he said.<\/p>\n<p><strong>Global oil prices have surged in recent weeks<\/strong> amid surging post-lockdown demand and a supply shortfall. The price of Brent crude rose to USD 76.18 \/ bbl at the end of last week, its highest level since October 2018, and more than USD 11 above the benchmark price used for Egypt\u2019s 2020\/2021 state budget. A number of market players have called a return to USD 100 oil in recent weeks as prices have continued to climb. And <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/70f6eb04-349e-4250-91a1-5313f31b4ee5\">this week\u2019s OPEC+ meeting<\/a> isn\u2019t expected to deliver the extra supply needed to put a ceiling over prices, meaning further rises in the days and weeks ahead.<\/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\/arqaam-capital\/\">Arqaam Capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/bahrain\/\">Bahrain<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/bonds\/\">Bonds<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/oil-and-gas\/\">oil and gas<\/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=\"563338\" 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=\"563338\">\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\">COVID WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/28\/egypt-will-receive-the-rest-of-its-vaccines-from-covax-in-july\/\">\r\n                            Egypt will receive the rest of its vaccines from Covax in July                        <\/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\/28\/egypt-will-receive-the-rest-of-its-vaccines-from-covax-in-july\/\" 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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The shipment was originally set to arrive in Egypt by <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f8cccde8-ccde-47a6-8e76-b86ec514dcd5\">the first week of June<\/a>, but it has been delayed as Covax suffers a supply shortage.<\/p>\n<p><strong>It will \u2014 so far \u2014 be our last Gavi \/ Covax shipment: <\/strong>The initiative has allocated 4.5 mn shots to Egypt and has so far delivered <a href=\"http:\/\/www.emro.who.int\/media\/news\/egypt-receives-second-shipment-of-177-million-covid-19-vaccines-through-the-covax-facility.html\">2.6 mn<\/a>. Egypt and six other countries have <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/06a1439a-29c0-4a95-a36b-3cd1cfa59de8\">used 80% of<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/06a1439a-29c0-4a95-a36b-3cd1cfa59de8\">the shots sent by Covax<\/a>.<\/p>\n<p><strong>We are also expecting to receive in the next two weeks more raw material to produce <\/strong><strong>Sinovac\u2019s vaccine:<\/strong> China will ship material sufficient to produce 7.5 mn doses of the jab, Zayed said. China has so far sent us enough to churn out as many as 10 mn shots of the vaccine. Vacsera\u2019s production facility aims <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f8420028-51e8-446f-86ad-892ed42061b1\">to produce 6 mn doses of Sinovac<\/a> by the end of the year \u2014 and is expected to produce the initial batches any day now, ahead of shipping them off to quality control and (if things go well) to clinics around the country.<\/p>\n<p><strong>The Health Ministry <\/strong><strong><a href=\"https:\/\/www.facebook.com\/egypt.mohp\/posts\/120157593628797\">reported<\/a><\/strong><strong> 389 new covid-19 infections yesterday<\/strong>, down from 409 the day before. Egypt has now disclosed a total of 280,394 confirmed cases of covid-19. The ministry also reported 30 new deaths, bringing the country\u2019s total death toll to 16,092.<\/p>\n<p><strong>Folks getting Pfizer \/ BioNTech and Moderna jabs will be warned that the mRNA<\/strong> <strong>vaccines carry rare heart risks<\/strong>. The US Food and Drug Administration (FDA) <a href=\"https:\/\/www.fda.gov\/news-events\/press-announcements\/coronavirus-covid-19-update-june-25-2021\">announced<\/a> that it will add a warning about rare cases of heart inflammation following the second shot to its fact sheets for both mRNA vaccines. This came after an advisory group to the Centers for Disease Control and Prevention (CDC) <a href=\"https:\/\/www.wsj.com\/articles\/cdc-advisory-group-says-likely-association-between-mrna-covid-19-vaccines-and-rare-myocarditis-cases-11624479115\">suggested last week<\/a> a \u201clikely association\u201d between the jabs and rare cases of myocarditis \/ pericarditis \u2014 inflammation of the heart muscle or surrounding membrane.<\/p>\n<p><strong>Health officials said the benefits of receiving the vaccines still outweigh risks<\/strong>, affirming in <a href=\"https:\/\/www.hhs.gov\/about\/news\/2021\/06\/23\/statement-following-cdc-acip-meeting-nations-leading-doctors-nurses-public-health-leaders-benefits-vaccination.html\">a statement<\/a> that the disease is \u201cmuch more common if you get covid-19, and the risks to the heart from covid-19 infection can be more severe.\u201d <strong>Around 1.2k cases following mRNA vaccines have been reported as of 11 June, out of more than 300 mn doses administered in the US<\/strong>, the CDC said.<\/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\/astrazeneca\/\">AstraZeneca<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covax\/\">Covax<\/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\/fda\/\">FDA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/moderna\/\">Moderna<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pfizer\/\">Pfizer<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sinovac\/\">Sinovac<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/vaccines\/\">vaccines<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/vacsera\/\">Vacsera<\/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=\"563340\" 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=\"563340\">\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\">Diplomacy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/28\/egypt-iraq-jordan-hold-summit-in-baghdad\/\">\r\n                            Egypt, Iraq, Jordan hold summit in Baghdad                        <\/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\/28\/egypt-iraq-jordan-hold-summit-in-baghdad\/\" 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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The talks saw the three countries agree to deepen security and economic cooperation \u2014and featured discussions about terrorism, the dispute over the Grand Ethiopian Renaissance Dam (GERD), the situation in Palestine, and the reconstruction of Iraq, according to two Ittihadiya statements (<a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/344137517074983\">here<\/a> and <a href=\"https:\/\/www.facebook.com\/photo?fbid=344174437071291&set=a.324472705708131\">here<\/a>) following the meeting. Foreign ministers from the three countries also met in Baghdad yesterday, and said during a post-meeting presser that Iraq and Jordan both backed Egypt\u2019s position on GERD (<a href=\"https:\/\/www.youtube.com\/watch?v=lqgjrn-Ikzc\">watch, runtime: 14:19<\/a>).<\/p>\n<p><strong>The three countries have been deepening ties in recent years:<\/strong> El Sisi\u2019s last trilateral summit with Iraq and Jordan\u2019s leaders was in Amman <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b707af5a-65c4-43e3-b22e-a53763f8f17d\">last summer<\/a>, when the three sides agreed to strengthen economic, energy, investment and infrastructure ties. Two years ago the three countries <a href=\"https:\/\/enterprise.press\/stories\/2019\/11\/06\/egypt-jordan-sign-power-linkage-mou-with-gcc-interconnection-authority\/\">agreed to set up joint industrial zones<\/a> and look at lowering trade barriers. There are reportedly plans to <a href=\"https:\/\/enterprise.press\/stories\/2019\/11\/06\/egypt-jordan-sign-power-linkage-mou-with-gcc-interconnection-authority\/\">export Egyptian electricity<\/a> to Jordan and Iraq and there is also talk of reviving plans to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1478d14c-98de-4f68-9045-5ff2b7c01eac\">construct an oil pipeline<\/a> running between Egypt and Iraq through Jordan. Egypt and Jordan had signed seven agreements on telecoms, energy, trade, housing, and archaeology projects during Prime Minister Moustafa Madbouly\u2019s <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b4b85a75-df24-4ee9-b55f-3bad56b6c8db\">visit to Amman in March<\/a> \u2014 the same month Foreign Minister Sameh Shoukry <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0cd6f83f-01d0-4afa-bb0c-60fd4ab70d47\">met with his Iraqi and Jordanian counterparts<\/a> to discuss regional developments.<\/p>\n<p><strong>And Egypt has been keen to <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/857de87c-e9f5-49c0-961f-51e77bef622e\">get involved in the reconstruction of Iraq<\/a><\/strong><strong>: <\/strong>Egypt and Iraq have stepped up bilateral ties in recent months. Last year, the two countries <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8bd78d32-e156-46dd-9bb4-8cc773b033a6\">signed 15 MoUs<\/a> covering everything from oil and water resources to construction, transportation and environmental protection, as well as an \u201coil-for-reconstruction\u201d agreement, which is seeing Iraq supply the Egyptian General Petroleum Corporation with <a href=\"https:\/\/www.reuters.com\/article\/iraq-crude-egypt-int-idUSKBN2931JP\">12 mn barrels of oil<\/a> this year. This was followed last week by an agreement between the two countries\u2019 ICT ministries to increase investments in <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8e8308fd-b228-4499-b381-477d4b03baef\">digital and telecom infrastructure<\/a>.<\/p>\n<p><strong>The story is dominating the coverage on Egypt in the foreign press:<\/strong> <a href=\"https:\/\/www.reuters.com\/world\/middle-east\/sisi-makes-first-visit-iraq-by-egyptian-leader-decades-2021-06-27\/\">Reuters<\/a> | <a href=\"https:\/\/apnews.com\/article\/africa-egypt-jordan-middle-east-iraq-67c8de52e69a61e83d82bf68e01cbdb0\">Associated Press<\/a> | <a href=\"https:\/\/www.timesofisrael.com\/iraq-egypt-and-jordan-hold-joint-summit-in-baghdad\/\">AFP<\/a> | <a href=\"https:\/\/www.thenationalnews.com\/mena\/iraq\/iraq-king-abdullah-and-president-el-sisi-land-for-levant-alliance-talks-1.1249573\">The National<\/a>.<\/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\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/iraq\/\">Iraq<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/jordan\/\">Jordan<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"563342\" 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=\"563342\">\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\/28\/penalties-for-redacted-harassment-may-be-about-to-get-harsher\/\">\r\n                            Penalties for [redacted] harassment may be about to get harsher                        <\/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\/28\/penalties-for-redacted-harassment-may-be-about-to-get-harsher\/\" 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\/28\/penalties-for-redacted-harassment-may-be-about-to-get-harsher\/')\">\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\/28\/penalties-for-redacted-harassment-may-be-about-to-get-harsher\/\">\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=Penalties for [redacted] harassment may be about to get harsher&url=https:\/\/enterpriseam.com\/egypt\/2021\/06\/28\/penalties-for-redacted-harassment-may-be-about-to-get-harsher\/\">\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\/28\/penalties-for-redacted-harassment-may-be-about-to-get-harsher\/&title=Penalties for [redacted] harassment may be about to get harsher\">\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=Penalties+for+%5Bredacted%5D+harassment+may+be+about+to+get+harsher+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F06%2F28%2Fpenalties-for-redacted-harassment-may-be-about-to-get-harsher%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\/28\/penalties-for-redacted-harassment-may-be-about-to-get-harsher\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/347.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"563343\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/28\/penalties-for-redacted-harassment-may-be-about-to-get-harsher\/347-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/347.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"347.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/347.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/347.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-563342\" class=\"content-area-description single-story post-563342 post type-post status-publish format-standard has-post-thumbnail hentry category-legislation-watch tag-development-finance tag-enterpriseam tag-health tag-healthcare tag-house-of-representatives tag-ibrd tag-insurance tag-legislation-watch tag-supreme-constitutional-court tag-world-bank wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>A<\/strong><strong> draft bill to toughen penalties for [redacted] harassment has been greenlit<\/strong> <strong>by the House Legislative Committee<\/strong>, <a href=\"https:\/\/bit.ly\/3djyUjI\">Youm7<\/a> reports. The bill would see offenders sentenced to between two and four years in prison and handed EGP 100-200k fines. Repeat offenders could see the punishment more than doubled to a maximum seven years in prison and a EGP 500k fine. Currently, the maximum penalty for offenders is a one-year jail sentence and a fine of up to EGP 10k. The bill will now be sent to the House of Representatives for a final vote.<\/p>\n<p><strong>The bill to give new authority over international arbitration to the Supreme Constitutional <\/strong><strong>Court moved closer to <\/strong><strong>becoming law<\/strong> after MPs gave preliminary approval yesterday, according to <a href=\"https:\/\/bit.ly\/3xXPzRV\">Masrawy<\/a>. Under the changes, the court would be <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/2349293\">given the power to override international court and arbitration rulings<\/a> that it believes affect the country\u2019s national and economic security. They also give the prime minister the power to request the SCC consider whether a given verdict by an international court or arbitration body breach the Egyptian constitution or harm the country\u2019s interests. The bill will now be put up for a final vote in the general assembly.<\/p>\n<p><strong>The <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/816b6325-e449-4c28-83db-0e2a0c501413\">USD 400 mn World Bank loan<\/a><\/strong><strong> earmarked for the government\u2019s national health ins. <\/strong><strong>system was preliminarily approved by MPs yesterday<\/strong>, <a href=\"https:\/\/www.gomhuriaonline.com\/%D8%A7%D9%84%D9%86%D9%88%D8%A7%D8%A8%20%D9%8A%D9%88%D8%A7%D9%81%D9%82%20%D8%B9%D9%84%D9%89%20%D9%82%D8%B1%D8%B6%20%D8%A7%D9%84%D8%A8%D9%86%D9%83%20%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%89%20%D9%84%D8%AF%D8%B9%D9%85%20%D9%85%D8%B4%D8%B1%D9%88%D8%B9%20%D8%A7%D9%84%D8%AA%D8%A3%D9%85%D9%8A%D9%86%20%D8%A7%D9%84%D8%B5%D8%AD%D9%89%20%D8%A7%D9%84%D8%B4%D8%A7%D9%85%D9%84\/851536.html\">Gomhuria<\/a> reports. The loan, which will be disbursed by the International Bank for Reconstruction and Development, will help subsidize health ins. costs for people unable to afford it, and fund infrastructure for the rollout of the universal system.<\/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\/development-finance\/\">development finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/health\/\">health<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/healthcare\/\">healthcare<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/house-of-representatives\/\">House of Representatives<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ibrd\/\">IBRD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/insurance\/\">insurance<\/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\/supreme-constitutional-court\/\">Supreme Constitutional Court<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-bank\/\">World Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"563344\" 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=\"563344\">\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\">Diplomacy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/28\/sudan-rejects-ethiopian-gerd-proposal\/\">\r\n                            Sudan rejects Ethiopian GERD proposal                        <\/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\/28\/sudan-rejects-ethiopian-gerd-proposal\/\" 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\/28\/sudan-rejects-ethiopian-gerd-proposal\/')\">\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\/28\/sudan-rejects-ethiopian-gerd-proposal\/\">\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=Sudan rejects Ethiopian GERD proposal&url=https:\/\/enterpriseam.com\/egypt\/2021\/06\/28\/sudan-rejects-ethiopian-gerd-proposal\/\">\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\/28\/sudan-rejects-ethiopian-gerd-proposal\/&title=Sudan rejects Ethiopian GERD proposal\">\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=Sudan+rejects+Ethiopian+GERD+proposal+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F06%2F28%2Fsudan-rejects-ethiopian-gerd-proposal%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\/28\/sudan-rejects-ethiopian-gerd-proposal\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/348.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"563345\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/28\/sudan-rejects-ethiopian-gerd-proposal\/348-jpg-12\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/348.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"348.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/348.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/348.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-563344\" class=\"content-area-description single-story post-563344 post type-post status-publish format-standard has-post-thumbnail hentry category-diplomacy tag-diplomacy tag-enterpriseam tag-ethiopia tag-gerd tag-sameh-shoukry tag-sudan tag-un tag-water wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>Ethiopia trying to get Sudan\u2019s backing for filling the GERD?<\/strong> Sudan has rejected a proposal put forward by Ethiopia that would allow it to continue filling the Grand Ethiopian Renaissance Dam next month, <a href=\"https:\/\/www.reuters.com\/article\/idUSKCN2E30GJ\">Reuters<\/a> reports, citing a senior Sudanese official. The report doesn\u2019t elaborate on what the Ethiopians were proposing, but the official dismissed it as \u201cnot real\u201d and a \u201cway to buy time.\u201d Ethiopia plans to continue filling the dam\u2019s reservoir next month when the rainy season begins, with or without an agreement with Egypt and Sudan.<\/p>\n<p><strong>Is a stop-gap solution still possible?<\/strong> The Sudanese irrigation minister has said the government <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cd46de1d-9fe4-4255-a278-cb0519d360e4\">is open to an interim agreement<\/a> with Ethiopia, provided it meets several conditions. But according to the official, Ethiopia has put forward \u201cimpossible conditions\u201d related to the division of the Nile River\u2019s water, which Sudan considers non-negotiable.<\/p>\n<p><strong>Both <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d2fe3d99-13aa-4e0d-942a-9b065428f511\">Egypt<\/a><\/strong><strong> and <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/02216f10-5239-4fd7-bd8a-da6f637ac271\">Sudan<\/a><\/strong><strong> have appealed to the UN Security Council to act<\/strong>, and are likely to submit a draft resolution to the council in the coming days in an effort to pressure world powers to weigh in. Ethiopia, meanwhile, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/672dfd6d-b717-425c-9f42-d33f65cfbc4c\">rejected the involvement of the UN<\/a> and insisted on continuing with negotiations led by the African Union.<\/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\/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\/sameh-shoukry\/\">Sameh Shoukry<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/un\/\">UN<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/water\/\">water<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"563346\" 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=\"563346\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/28\/563346\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-563346\" class=\"content-area-description single-story post-563346 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 decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/Sodic-The-Estate3-1600px.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\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=\"563347\" 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=\"563347\">\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\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/28\/iraq-diplomatic-talks-dominates-the-airwaves-on-28-june-2021\/\">\r\n                            Iraq diplomatic talks dominates the airwaves on 28 June 2021                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/28\/iraq-diplomatic-talks-dominates-the-airwaves-on-28-june-2021\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2021\/06\/28\/iraq-diplomatic-talks-dominates-the-airwaves-on-28-june-2021\/')\">\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\/28\/iraq-diplomatic-talks-dominates-the-airwaves-on-28-june-2021\/\">\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=Iraq diplomatic talks dominates the airwaves on 28 June 2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/06\/28\/iraq-diplomatic-talks-dominates-the-airwaves-on-28-june-2021\/\">\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\/28\/iraq-diplomatic-talks-dominates-the-airwaves-on-28-june-2021\/&title=Iraq diplomatic talks dominates the airwaves on 28 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=Iraq+diplomatic+talks+dominates+the+airwaves+on+28+June+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F06%2F28%2Firaq-diplomatic-talks-dominates-the-airwaves-on-28-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\/28\/iraq-diplomatic-talks-dominates-the-airwaves-on-28-june-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-563347\" class=\"content-area-description single-story post-563347 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-abdel-fattah-el-sisi tag-diplomacy tag-enterpriseam tag-infrastructure-diplomacy tag-last-nights-talk-shows tag-politics wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Leading the conversation on the nation\u2019s airwaves last night: <\/strong>President Abdel Fattah <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4bccf0a8-c43b-493e-9cf9-9590db67110a\">El Sisi\u2019s visit to Baghdad yesterday<\/a> \u2014 the first visit to Iraq by an Egyptian president in 30 years \u2014 involved back-to-back meetings with Iraqi parliament speaker Mohamed Al Halbousi and Iraqi President Barham Salih before joining a three-way summit with his Iraqi and Jordanian counterparts to talk regional affairs and bilateral cooperation.<\/p>\n<p><strong>Among those that had coverage and analysis of the president\u2019s visit last night:<\/strong> El Hekaya (watch, runtime: <a href=\"https:\/\/www.youtube.com\/watch?v=Irs5akLEbbM\">8:13<\/a> | <a href=\"https:\/\/www.youtube.com\/watch?v=5WcX9jUuXOI\">1:43<\/a> | <a href=\"https:\/\/www.youtube.com\/watch?v=N9BItTzpU5Q\">1:28<\/a>), Kelma Akhira (watch, runtime: <a href=\"https:\/\/www.youtube.com\/watch?v=55oftFQn4iE\">9:24<\/a> | <a href=\"https:\/\/www.youtube.com\/watch?v=UCX1azPLdRo\">3:12<\/a>), Ala Mas\u2019ouleety (<a href=\"https:\/\/www.facebook.com\/AhmedMoussaEG\/videos\/168907191939756\">watch, runtime: 5:07<\/a>), Al Hayah Al Youm (<a href=\"https:\/\/www.youtube.com\/watch?v=uD52VuHTX8k\">watch, runtime: 7:54<\/a>), Masaa DMC (<a href=\"https:\/\/www.youtube.com\/watch?v=IycKThIljO8\">watch, runtime: 2:29<\/a>) and Al Qahera Wel Nas (<a href=\"https:\/\/www.youtube.com\/watch?v=dFZasHo_7dA\">watch, runtime: 8:41<\/a>). We have the full story in this morning\u2019s news well, above.<\/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\/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\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure-diplomacy\/\">infrastructure diplomacy<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"563348\" 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 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stk-block stk-46c5f99\" data-v=\"4\" data-block-id=\"46c5f99\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-46c5f99-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-46c5f99-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240922.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.hsbc.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27489.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Opening up a world of opportunity<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            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24.54-.04 33.9l-22.67 22.67c-9.37 9.37-24.57 9.37-33.94 0L34.52 272.97c-9.37-9.37-9.37-24.57 0-33.94z\"><\/path><\/svg><\/button><button class=\"stk-block-carousel__button stk-block-carousel__button__next\" aria-label=\"Next slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-right\" class=\"svg-inline--fa fa-chevron-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M285.476 272.971L91.132 467.314c-9.373 9.373-24.569 9.373-33.941 0l-22.667-22.667c-9.357-9.357-9.375-24.522-.04-33.901L188.505 256 34.484 101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg><\/button><\/div><\/div><div class=\"stk-block-carousel__dots\" role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"563349\" 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=\"563349\">\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\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/28\/not-much-happening-in-the-foreign-press-on-28-june-2021\/\">\r\n                            Not much happening in the foreign press on 28 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     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<\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/28\/not-much-happening-in-the-foreign-press-on-28-june-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-563349\" class=\"content-area-description single-story post-563349 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-enterpriseam 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 bit of a ghost town in the international press this morning:<\/strong> <a href=\"https:\/\/www.paralympic.org\/feature\/egyptian-badminton-player-shaimaa-ellatif-puts-her-weight-behind-shuttle\">The International<\/a><a href=\"https:\/\/www.paralympic.org\/feature\/egyptian-badminton-player-shaimaa-ellatif-puts-her-weight-behind-shuttle\">Paralympic Committee<\/a> features Egyptian badminton player Shaimaa Ellatif, who is hoping to qualify for the Tokyo 2020 Paralympics, <a href=\"http:\/\/www.xinhuanet.com\/english\/africa\/2021-06\/27\/c_1310030927.htm\">Xinhua<\/a> is out with a positive review of the <a href=\"https:\/\/www.facebook.com\/permalink.php?story_fbid=1311823049219009&id=198112057256786\">Aswan Mango Festival<\/a>, while <a href=\"https:\/\/www.al-monitor.com\/originals\/2021\/06\/ancient-mosques-egypt-await-rescue\">Al Monitor<\/a> reports that repeated incidents of theft and neglect at some of Egypt\u2019s historic Islamic sites have reignited a debate on whose purview these monuments should fall under.<\/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\/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=\"563350\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"563351\" 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=\"563351\">\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\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/28\/heliopark-tender-deadline-extended-again\/\">\r\n                            Heliopark tender deadline extended again                        <\/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\/28\/heliopark-tender-deadline-extended-again\/\" 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\/28\/heliopark-tender-deadline-extended-again\/')\">\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\/28\/heliopark-tender-deadline-extended-again\/\">\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=Heliopark tender deadline extended again&url=https:\/\/enterpriseam.com\/egypt\/2021\/06\/28\/heliopark-tender-deadline-extended-again\/\">\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\/28\/heliopark-tender-deadline-extended-again\/&title=Heliopark tender deadline extended again\">\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=Heliopark+tender+deadline+extended+again+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F06%2F28%2Fheliopark-tender-deadline-extended-again%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\/28\/heliopark-tender-deadline-extended-again\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-563351\" class=\"content-area-description single-story post-563351 post type-post status-publish format-standard hentry category-also-on-our-radar tag-also-on-our-radar tag-enterpriseam tag-heliopark tag-heliopolis-housing-and-development tag-real-estate tag-trade 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_408146\"\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\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408144.svg\" alt=\"\" class=\"wp-image-408144\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><strong>Heliopark tender deadline extended again: <\/strong>Heliopolis Housing has <a href=\"https:\/\/ent.news\/2021\/6\/Helio-Housing-PRL.pdf\">extended (pdf)<\/a> for <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b53f0ad8-34db-48b3-b7c7-1825b0d0a2d2\">the second time<\/a> the deadline for private sector firms to bid for developing the Heliopark project in New Cairo to 27 July from 29 June. The tender was originally set to expire on 16 June.<\/p><p><strong>Also:<\/strong> Companies with export-ready products can now list them on <a href=\"http:\/\/13.94.242.84\/ertrademisr\/Pages\/Home.aspx\">Gosoor<\/a>, the government\u2019s <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/165549118948850\">new e-catalogue<\/a> for Egyptian products.<\/p>\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\/heliopark\/\">Heliopark<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/heliopolis-housing-and-development\/\">Heliopolis Housing and Development<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate\/\">real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/trade\/\">trade<\/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=\"563352\" 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=\"563352\">\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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/28\/a-record-breaking-year-for-ipos-plus-have-commodities-peaked\/\">\r\n                            A record-breaking year for IPOs. Plus: Have commodities peaked?                        <\/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\/28\/a-record-breaking-year-for-ipos-plus-have-commodities-peaked\/\" 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\/28\/a-record-breaking-year-for-ipos-plus-have-commodities-peaked\/')\">\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\/28\/a-record-breaking-year-for-ipos-plus-have-commodities-peaked\/\">\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 record-breaking year for IPOs. Plus: Have commodities peaked?&url=https:\/\/enterpriseam.com\/egypt\/2021\/06\/28\/a-record-breaking-year-for-ipos-plus-have-commodities-peaked\/\">\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\/28\/a-record-breaking-year-for-ipos-plus-have-commodities-peaked\/&title=A record-breaking year for IPOs. Plus: Have commodities peaked?\">\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+record-breaking+year+for+IPOs.+Plus%3A+Have+commodities+peaked%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F06%2F28%2Fa-record-breaking-year-for-ipos-plus-have-commodities-peaked%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\/28\/a-record-breaking-year-for-ipos-plus-have-commodities-peaked\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-563352\" class=\"content-area-description single-story post-563352 post type-post status-publish format-standard hentry category-planet-finance tag-abu-dhabi tag-binance tag-china tag-cryptocurrency tag-e-commerce tag-enterpriseam tag-inflation tag-investment-watch tag-ipo-watch tag-planet-finance tag-spacs tag-technology tag-uae 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_408150\"\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\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408151.svg\" alt=\"\" class=\"wp-image-408151\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>Another record-breaking year for IPOs:<\/strong> Almost USD 350 bn has been raised in IPOs in 1H2021, exceeding the previous record set in 2H2020 when investors poured USD 282 bn into new listings, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-06-27\/the-global-ipo-market-has-never-been-hotter-than-it-is-right-now?srnd=premium-middle-east&amp;sref=mmeFTDW1\">Bloomberg<\/a>reports. Renewable energy companies, e-commerce companies joined tech firms to capitalize on the huge stimulus-fuelled demand for new listings, which has now eclipsed the dot-com mania of the late 1990s.<\/p><p><strong>But some fear the market is becoming oversaturated<\/strong>, and some high-profile stocks such as Deliveroo have on their trading debuts as investors are spoilt for choice. Investor appetite for SPACs also seems to be fading, with their share of the proceeds of the IPO market shrinking to 13% this quarter, down from almost 50% in the first quarter.<\/p><p><strong>Have commodities peaked?<\/strong> Commodity prices have finally begun to ease from their pandemic levels, calming fears of runaway inflation and calling <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8c7c9bc9-0634-4c20-8cd9-2750369825fc\">the supercycle thesis<\/a> into question. Copper is down 10% from its record high in March, corn and soybean futures are down 13% and 19% respectively, while lumber has plunged 54%. Federal Reserve Chairman Jerome Powell has said the fall in lumber prices proves his theory correct: that rising inflation is linked to supply bottlenecks and that it will soon fall as post-lockdown economies normalize. \u201cA few months ago the consensus was that prices for commodities can\u2019t go anywhere but up,\u201d one analyst told <a href=\"https:\/\/www.wsj.com\/articles\/commodities-remain-a-popular-bet-despite-recent-declines-11624753695?mod=hp_lead_pos5\">the Wall Street Journal<\/a>. \u201cMore recently, though, we\u2019ve had a few reminders that prices don\u2019t go up in a straight line.\u201d<\/p><p><strong>Or is this the start of something bigger?<\/strong> Despite the decreases, lumber is still at twice its typical price at this time of year, while oil, natural gas and copper prices also remain relatively high. China\u2019s economic resurgence, a large infrastructure bill in the US, and American households flush with stimulus money are reasons to believe commodities have a way to go before they top out. \u201cI think we\u2019re in the early innings of this,\u201d said one trader active in commodity-linked ETFs. \u201cI don\u2019t believe it\u2019s as transitory as the Fed is saying.\u201d<\/p><p><strong>From the region:<\/strong><\/p><ul>\n<li><strong><a href=\"https:\/\/www.ihcuae.com\/\">International Holding Company<\/a><\/strong><strong> has become the UAE\u2019s most valuable company<\/strong>, overtaking Emirates Telecommunications Group after its subsidiary Alpha Dhabi Holding went public in Abu Dhabi yesterday. IHC, which is chaired by the UAE\u2019s national security adviser, saw its share price climb 15%, the maximum jump in a single session allowed by regulators. IHC has an investment portfolio ranging from shares in Elon Musk\u2019s SpaceX to a local company working in seafood processing. (<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-06-27\/alpha-dhabi-trading-debut-in-abu-dhabi-propels-ihc-surge?srnd=premium-middle-east&amp;sref=mmeFTDW1\">Bloomberg<\/a>)<\/li>\n<li><strong>Kuwaiti e-commerce company Floward is planning an IPO within the next two years<\/strong>, with London, New York, and Saudi Arabia as possible venues. An early investor in the ride-hailing company Careem is backing Floward, which expects to post a profit starting next year. Floward will use proceeds to expand further in the region, and is eyeing entry into two more unspecified Arab countries and a possible entry to the European market. (<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-06-27\/kuwaiti-e-commerce-firm-draws-careem-backer-in-new-funding-round?sref=mmeFTDW1\">Bloomberg<\/a>)<\/li>\n<\/ul><p><strong>In tech miscellany:<\/strong><\/p><ul>\n<li><strong>An increased crackdown on the Chinese tech sector has seen the value of<\/strong><strong> tech companies\u2019 listings crash by 60% in 2Q2021,<\/strong> with their share of the Chinese IPO market dropping to its lowest levels in two years. Chinese regulators have stepped in to stop many IPOs to put a halt to potential monopolistic practices, the most prominent example being the halt of <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cb10819b-5d71-4a5d-952a-a888011e477c\">Ant Group\u2019s USD 37 bn IPO<\/a> days before it was set to go to market last year. (<a href=\"https:\/\/www.ft.com\/content\/dff7c59f-ad6f-4b08-b8bb-49cd7d53d033\">FT<\/a>)<\/li>\n<li><strong>One of the world\u2019s biggest crypto exchanges just got banned from the UK: <\/strong>The UK\u2019s financial regulator has banned all operations by crypto exchange Binance and warned consumers against using the platform. The move comes one week after Japan\u2019s financial watchdog <a href=\"https:\/\/www.coindesk.com\/japans-financial-services-watchdog-issues-binance-warning\">warned<\/a> that Binance was conducting unauthorized cryptocurrency trades. (<a href=\"https:\/\/www.fca.org.uk\/news\/news-stories\/consumer-warning-binance-markets-limited-and-binance-group\">FCA<\/a>)<\/li>\n<\/ul><div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table table-striped markets-table\">\n<tbody>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>EGX30 <\/strong><\/p>\n<\/td>\n<td>\n<p>10,305<\/p>\n<\/td>\n<td>\n<p>+0.25% (YTD: -5.0%)<\/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 15.62<\/p>\n<\/td>\n<td>\n<p>Sell 15.72<\/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 15.62<\/p>\n<\/td>\n<td>\n<p>Sell 15.72<\/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-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>Tadawul<\/strong><\/p>\n<\/td>\n<td>\n<p>10,966<\/p>\n<\/td>\n<td>\n<p>+0.4% (YTD: +26.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>ADX<\/strong><\/p>\n<\/td>\n<td>\n<p>6,706<\/p>\n<\/td>\n<td>\n<p>+2.0% (YTD: +32.9%)<\/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>2,870<\/p>\n<\/td>\n<td>\n<p>+0.5% (YTD: +15.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>S&amp;P 500<\/strong><\/p>\n<\/td>\n<td>\n<p>4,280<\/p>\n<\/td>\n<td>\n<p>+0.3% (YTD: +14.0%)<\/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>FTSE 100<\/strong><\/p>\n<\/td>\n<td>\n<p>7,136<\/p>\n<\/td>\n<td>\n<p>+0.4% (YTD: +10.5%)<\/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 76.18<\/p>\n<\/td>\n<td>\n<p>+0.8%<\/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>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td>\n<p>USD 3.50<\/p>\n<\/td>\n<td>\n<p>+2.3%<\/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 1,777.80<\/p>\n<\/td>\n<td>\n<p>+0.1%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>BTC<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 34,210<\/p>\n<\/td>\n<td>\n<p>+7.9% (as of midnight)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><p><strong>THE CLOSING BELL-<\/strong><\/p><p><strong>The EGX30 rose 0.3% at today\u2019s close<\/strong> on turnover of EGP 1.25 bn (1.3% below the 90-day average). Foreign investors were net sellers. The index is down 5.0% YTD.<\/p><p><strong>In the green: <\/strong>Palm Hills Development (+2.8%), Ibnsina Pharma (+2.2%) and TMG Holding (+2.0%).<\/p><p><strong>In the red: <\/strong>Qalaa Holdings (-2.6%), AMOC (-2.4%) and Sidi Kerir Petrochemicals (-1.3%).<\/p><p><strong>Asian markets are mixed in early trading this morning<\/strong> and futures suggest that shares in Europe will fall when the market opens this morning. US stocks are poised to see early gains later today.<\/p>\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\/abu-dhabi\/\">Abu Dhabi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/binance\/\">Binance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/cryptocurrency\/\">cryptocurrency<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                         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<\/a>\r\n                        \n<article id=\"post-563353\" class=\"content-area-description post-563353 blackboard type-blackboard status-publish has-post-thumbnail hentry tag-balanced-education-company tag-education tag-enterprise-blackboard tag-enterpriseam tag-florida-atlantic-university tag-franklin-covey tag-microsoft tag-private-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-07\"><\/a> <strong>INVESTMENT WATCH- BalancED wants to invest EGP 1.2 bn in K-12 over the next three <\/strong><strong>years: <\/strong>The nation\u2019s education industry is booming \u2014 the head count at private K-12 schools <a href=\"https:\/\/enterprise.press\/blackboards\/private-sector-education-positioned-grow-egypt-spur-part-1\/\">grew about 2x faster than the rate<\/a> at which students enrolled in public schools over the past five years, prompting a <a href=\"https:\/\/enterprise.press\/blackboards\/new-private-schools-opening-egypt-know-far\/\">wave of investment<\/a> by both international education franchises and others as national private schools.<\/p>\n<p><strong>Among those looking to take a piece of the pie is <\/strong><strong><a href=\"https:\/\/www.facebook.com\/BalancEDorg\/\">BalancED Education Company<\/a><\/strong>, which recently <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d779255a-01ab-4c50-adb3-5bc5e4ae5bb6\">announced<\/a> an investment of EGP 500 mn in a K-12 international school in Madinet Nasr Housing and Development\u2019s (MNHD) Taj City in East Cairo. The move is part of a wider plan to invest EGP 1.2 bn over the coming three years. Today, BalancED owns the New Generation International School in Obour and Asten College in Taj City, which is scheduled to open in September 2023, with other schools in the pipeline. <strong>The company wants <\/strong><strong>4-6 schools<\/strong><strong> in its portfolio <\/strong>by the end of the next three years.<\/p>\n<p><strong>We sat down with <\/strong><strong>BalancED chairman Ahmed El Bakry and managing director Salma El Bakry <\/strong>to discuss their growth plans and the challenges of expanding outside of Cairo.<\/p>\n<p><strong>Edited excerpts from our conversation:<\/strong><\/p>\n<p><strong>Transforming into a multi-school operation by investing EGP 1.2 bn: <\/strong>BalancED is looking to expand beyond its one school and add several schools under its wing \u2014 be it through new greenfield schools, acquisitions or managing new or existing schools. \u201cWe are planning to invest EGP 1.2 bn over the next three years, to achieve this,\u201d Ahmed tells us.<\/p>\n<p><strong>The company expects within weeks to finalize an acquisition<\/strong> and will manage the school it\u2019s adding to its portfolio, Ahmed says. BalancED wants to grow through a mix of greenfields, acquisitions and management contracts, \u201cwith the goal of having <strong>4-6 international schools across the country<\/strong> under our wing in the coming two to three years,\u201d he says.<\/p>\n<p><strong>\u201cCurrently, we prefer to manage schools rather than build them,\u201d <\/strong>he says, adding that years with lower barriers to entry now sees a number of players looking to exit the private education market because it\u2019s hard to lock in the management talent you need to grow. \u201cThis is the gap we are filling,\u201d he says, \u201cand we are <strong>currently finalizing the paperwork to manage two schools<\/strong> \u2014 one in Cairo and one outside.\u201d<\/p>\n<p><strong>The biggest challenge of growth outside of major population centers? The availability of talent. <\/strong>\u201cWe were already approached by a school in Upper Egypt and another one in Lower Egypt, but finding good teachers outside of Cairo and Alexandria is a bit more challenging,\u201d Ahmed says. \u201cYou need local talent with perfect English proficiency, knowledge of the subject matter and ability to deliver,\u201d Salma adds.<\/p>\n<p><strong>Either way, the gap is huge: 80% of the country\u2019s population is outside of Cairo<\/strong>, but only 15% of international schools are located in other governorates. Egypt had 168 international schools in 2011 \u2014 and more than 785 as of last year, according to the Education Ministry\u2019s data. In 2021, there are at least 20 more that opened, Salma tells us. <strong>Demand will continue to grow in the long term<\/strong>, with the population boom adding about 2 mn new future students each year.<\/p>\n<p><strong>The keys to success outside of Cairo? A full-court press and quality. <\/strong>Ahmed says the company prefers to move into a new area with more than one school, while Salma stresses that advertising doesn\u2019t attract new students \u2014 word of mouth does. That makes quality the key success factor, she says.<\/p>\n<p><strong>BalancED is building its own pipeline of teachers through affiliations with local and international organizations<\/strong>, including <a href=\"https:\/\/www.fau.edu\/\">Florida Atlantic University (FAU)<\/a> to create teaching methodologies and research, Indiana\u2019s <a href=\"https:\/\/www.purdue.edu\/\">Purdue University<\/a> for English proficiency, and Franklin Covey\u2019s Leader in Me program which prepares teachers with the Seven Habits of Highly Effective People to instill into their students. These affiliations prepare and train up-and-coming teachers to teach in private schools for a span of two years. So far, 36 teachers have graduated from these training programs, Salma tells us.<\/p>\n<hr class=\"grey-line\">\n<p><strong>Your top education stories for the week:<\/strong><\/p>\n<ul>\n<li><strong>AUC has a new president:<\/strong> Arabic and Islamic studies scholar Ahmed Dallal has been <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/54d28513-c523-4bec-9aea-5b3d1b6b41bc\">appointed<\/a> president of the American University in Cairo.<\/li>\n<li><strong>As does BUE:<\/strong> The British University in Egypt (BUE) has <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7e2172bb-6cb7-4f9f-b8d6-44da61e46edc\">appointed<\/a> new president and vice-chancellor Professor Mohamed Loutfi, with his term beginning in September.<\/li>\n<li><strong>European companies to build STEM schools in Egypt: <\/strong>In cooperation with <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/162673725903056\">European companies<\/a>, Egypt is planning to establish technical schools specialized in STEM education and advanced technologies.<\/li>\n<li><strong>Universities consider ebooks: <\/strong>The Supreme Council of Universities is looking into converting textbooks into ebooks as of the next academic year, according to <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/2358708\">Al Masry Al Youm<\/a>.<\/li>\n<li><strong>Partnership between higher education and health ministries: <\/strong>A <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/165633022273793?__cft__[0]=AZXtVBQlO2y7_y7tgdzdTLuH5JPySu_yNLCO5AyzmsPDPl63Vd1XQQEFZlQFQPSIEdMTpTOyGPgzqqrSDgtwlv1gpooWCk9l-SaDSCLpQ7oDegFqpBuQ3T8Hqr80DWorkOQsqcpY-Xjt9XmFADDfTct9AGdzr66atOjZPd8nkLuqNg&__tn__=%2CO%2CP-R\">mechanism<\/a>to coordinate between universities\u2019 medical facilities and state hospitals is being sought to provide better health services for citizens.<\/li>\n<\/ul>\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\/balanced-education-company\/\">BalancED Education Company<\/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\/florida-atlantic-university\/\">Florida Atlantic University<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/franklin-covey\/\">Franklin Covey<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/microsoft\/\">microsoft<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/private-schools\/\">private schools<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column\" style=\"flex-basis:19.8%\"><\/div>\r\n        <\/div>\r\n    <\/div>\r\n<\/div>\n<section id=\"563355\" 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\/28\/your-essential-business-calendar-on-28-june-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-563355\" class=\"content-area-description single-story post-563355 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>26-29 June (Saturday-Tuesday): The Big 5 Construct Egypt, Cairo International Convention Center, Cairo, Egypt. The Big 5 Egypt Impact Awards will also be taking place at the event on 27 June.<\/p>\n<p>28 June (Monday): AmCham is featuring Oil Minister Tarek El Molla in their <a href=\"https:\/\/www.amcham.org.eg\/events-activities\/events\/online-registration\/1377\">virtual monthly event<\/a> from 3-4pm.<\/p>\n<p>29 June (Tuesday): The London School of Economics (LSE) discussion \u201c<a href=\"https:\/\/www.lse.ac.uk\/africa\/Events\/Public-Events\/Policy-Reform-Rania-Al-Mashat\">Policy Reform in the Making: Stakeholder Engagement through Economic Diplomacy<\/a>\u201d from 3pm-4:15pm. You can register through <a href=\"https:\/\/lse.zoom.us\/webinar\/register\/WN_SvozdZzER9S9yAhBRgKE9w\">this link<\/a>.<\/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): Deadline for 17 EGX-listed companies to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ea07d9b0-6120-41be-9261-eecc78483f5a\">file their 1Q2021 earnings<\/a>.<\/p>\n<p>1-10 July (Thursday-Saturday): The government\u2019s fuel pricing committee <a href=\"https:\/\/bit.ly\/3wQkCz2\">will meet to announce<\/a> 3Q prices.<\/p>\n<p>4 July (Sunday): Ismailia Economic Court to hold hearing on Ever Given compensation case.<\/p>\n<p>Mid-July: <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=20062021&id=8bcd83a3-21d4-44b1-940d-ddcc78544942\">Legislative session expected to end<\/a>.<\/p>\n<p>19 July (Monday): Arafat Day (national holiday).<\/p>\n<p>21 July (Wednesday): Clean Energy Business Council\u2019s webinar <a href=\"https:\/\/www.eventbrite.ca\/e\/joint-event-wire-clean-energy-business-council-mena-tickets-157709897549\">Women entrepreneurs in clean energy<\/a> (3pm)<sup><\/sup><\/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>23 July-11 August (Friday-Wednesday): Tokyo 2020 Olympics.<\/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>15 September (Wednesday): The <a href=\"https:\/\/almalnews.com\/%D9%84%D9%84%D9%85%D8%B1-%D8%A9-%D8%A7%D9%84%D8%AB%D8%A7%D9%86%D9%8A%D8%A9-%D9%81%D9%8A-%D9%85%D8%B5%D8%B1-%D9%85%D8%A4%D8%AA%D9%85%D8%B1-%D8%B1%D8%A4%D8%B3%D8%A7%D8%A1-%D8%A7%D9%84%D9%82%D8%B7\/\">CFO Leadership & Strategy Summit<\/a> is taking place in Egypt.<\/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): 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>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>24-28 October (Sunday-Thursday) <a href=\"https:\/\/www.cairowaterweek.eg\/\">Cairo Water Week<\/a>, Cairo, Egypt.<\/p>\n<p>27-28 October (Wednesday-Thursday) <a href=\"https:\/\/platforms-root-technologies.com\/icec-2021\/\">Intelligent Cities Exhibition & Conference<\/a>, Royal Maxim Palace Kempinski, Cairo, Egypt.<\/p>\n<p>28 October (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>30 October - 4 November (Saturday-Thursday): The first edition of <a href=\"https:\/\/globalswimseries.com\/ryan-lochte-announces-first-race-the-legends-event-in-egypt\/\">Race The Legends<\/a>, Egypt.<\/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>November: Egypt will <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/163314772505618\">host another round of talks<\/a> to reach a potential Egyptian-Eurasian trade agreement, which can significantly contribute to increasing the volume of Egyptian exports to the Russia-led bloc that includes Armenia, Belarus, Kazakhstan and Kyrgyzstan.<\/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>12-14 December (Sunday-Tuesday): <a href=\"http:\/\/www.foodafrica-expo.com\/\">Food Africa Cairo<\/a> trade exhibition, Egypt International Exhibition Center, Cairo, Egypt.<\/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\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":563331,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-563330","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"a0948f1b-ca90-4923-a013-9d7a189106a2","teaser":"","photo_url":"https:\/\/ent.news\/2021\/6\/342.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>What the crystal balls say about stocks, bonds and commodities - 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\/what-the-crystal-balls-say-about-stocks-bonds-and-commodities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What the crystal balls say about stocks, bonds and commodities\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/issues\/what-the-crystal-balls-say-about-stocks-bonds-and-commodities\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T04:04:06+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\/342.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\/what-the-crystal-balls-say-about-stocks-bonds-and-commodities\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/issues\/what-the-crystal-balls-say-about-stocks-bonds-and-commodities\/\",\"name\":\"What the crystal balls say about stocks, bonds and commodities - 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