{"id":567371,"date":"2020-01-21T05:37:02","date_gmt":"2020-01-21T05:37:02","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=567371"},"modified":"2025-12-16T05:52:40","modified_gmt":"2025-12-16T05:52:40","slug":"finmin-sees-egypt-smashing-its-debt-targets-this-year","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/finmin-sees-egypt-smashing-its-debt-targets-this-year\/","title":{"rendered":"FinMin sees Egypt smashing its debt targets this year"},"content":{"rendered":"<section id=\"567373\" 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=\"567373\">\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\/2020\/01\/21\/what-were-tracking-on-21-january-2020\/\">\r\n                            What we\u2019re tracking on 21 January 2020                        <\/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\/2020\/01\/21\/what-were-tracking-on-21-january-2020\/\" 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 fund now projects global economic growth to come in at 3.3% in 2020 (down from 3.4% in its last outlook in October) and 3.4% in 2021 (down from 3.6%). The report attributes this \u201csluggish\u201d pace of recovery to \u201cnegative surprises\u201d in several EM economies such as India, and increasing social unrest.<\/p><p><strong>The IMF expects EM growth to clock in at 4.4% in 2020 and 4.6% in 2021<\/strong>, marking a 0.2% downward revision for both years from the fund\u2019s October forecasts. Growth prospects in the Middle East and Central Asia region have also taken a hit, with the fund now projecting 2.8% growth this year, down 0.1 percentage point from October.<\/p><p><strong>The silver lining:<\/strong> Global growth looks like it bottomed out at the end of last year, and growth forecasts would have been even lower had it not been for the raft of monetary easing in several economies during 2H2019. The effects of the stimulus should continue to be felt in 2020, helping the global economy to recover in the early months of the year.<\/p><p><strong>Capitalism has a PR problem:<\/strong> The majority of people surveyed in this year\u2019s <a href=\"https:\/\/www.edelman.com\/news-awards\/2019-edelman-trust-barometer-reveals-my-employer-most-trusted-institution\">Edelman Trust<\/a><a href=\"https:\/\/www.edelman.com\/news-awards\/2019-edelman-trust-barometer-reveals-my-employer-most-trusted-institution\">Barometer<\/a> believe that capitalism is doing more harm than good. The decades\u2019 old survey polled 34k people in 28 countries and found that 56% of respondents saw capitalism as a negative force in the world. The results provide more evidence of a breakdown of trust in traditional institutions, with the majority of respondents losing faith in media, business and governing institutions. (<a href=\"http:\/\/reuters.com\/article\/us-davos-meeting-trust\/capitalism-seen-doing-more-harm-than-good-in-global-survey-idUSKBN1ZJ0CW\">Reuters<\/a> | <a href=\"https:\/\/www.wsj.com\/articles\/capitalism-draws-fire-despite-strong-global-economy-11579471201?mod=business_lead_pos1\">WSJ<\/a> | <a href=\"https:\/\/www.cnbc.com\/2020\/01\/20\/davos-most-think-capitalism-does-more-harm-than-good-survey-shows.html\">CNBC<\/a> | <a href=\"https:\/\/www.cbsnews.com\/news\/edelman-trust-barometer-paradox-strong-economy-yet-zero-trust-in-institutions-study-says\/\">CBS<\/a> | <a href=\"http:\/\/qz.com\/1786688\/edelman-trust-barometer-2020-its-impossible-to-be-both-ethical-and-competent\/\">Quartz<\/a>)<\/p><p><strong>And corporate trust in the global economy isn\u2019t much higher<\/strong><strong>:<\/strong> Just a quarter of the 1,581 CEOs surveyed by <a href=\"https:\/\/www.pwc.com\/gx\/en\/ceo-survey\/2020\/reports\/pwc-23rd-global-ceo-survey.pdf\">PwC for its latest CEO poll (pdf)<\/a> describe themselves as confident in their prospects for revenue growth in 2020 \u2014 the lowest proportion since 2009. Just over half see global growth slowing this year, while in the Middle East 57% expect continued slowdown with only 11% improved growth.<\/p><hr class=\"grey-line\"><p><strong>Technical and legal committees from Egypt, Sudan, and Ethiopia <\/strong><strong><a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/359799\/Egypt\/Politics-\/Draft-deal-on-Ethiopias-GERD-to-take-shape-this-we.aspx\">will be in Khartoum<\/a><\/strong><strong> tomorrow<\/strong> to hammer out a draft agreement on the filling and operating timetable for the Grand Ethiopian Renaissance Dam (GERD) ahead of meetings at the end of the month. The final round of <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/889041c3-f40b-44d6-98b0-540d3e0e8646\">US and World Bank-sponsored talks in Washington<\/a> last week ended without resolving key points of disagreement. The sides will return to Washington on 28-29 January to finalize an agreement.<\/p><p><strong>Egypt to host trade event in Dubai tomorrow:<\/strong> The Egyptian embassy in Dubai will tomorrow hold a trade and investment conference to promote economic ties, <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1463454\">Al Masry Al Youm reports<\/a>. Egypt and the UAE have deepened commercial relations over recent months, with the UAE agreeing to set up a <a href=\"https:\/\/enterprise.press\/stories\/2019\/11\/17\/egypts-tharaa-establishes-a-usd-20-bn-investment-platform-with-abu-dhabi-holding-company-6357\/\">USD 20 bn investment platform<\/a> with the Sovereign Fund of Egypt and the country\u2019s investment council pledging to double its investments in Egypt to <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/12\/uae-plans-to-double-its-investments-in-egypt-over-the-next-five-years-8329\/\">USD 14 bn by 2025<\/a>.<\/p><p><strong>Saturday is a day off for any private-sector companies for whom it would normally be a <\/strong><strong>workday<\/strong> in official observance of Police Day, which is also the anniversary of the 25 January revolution.<\/p><p>Stuff you can go to this week and next:<\/p><ul>\n<li><strong>The <\/strong><strong><a href=\"https:\/\/www.iom.int\/ifms\/about-forum\">International Forum on Migration Statistics meeting<\/a><\/strong><strong> is on its third and<\/strong><strong> final day today<\/strong> at InterContinental City Stars. The event is hosted by the African Union and the Egyptian government, which will this month hand its one-year chairmanship of the union to South Africa.<\/li>\n<li><strong>Renaissance Capital\u2019s annual <\/strong><strong><a href=\"https:\/\/ent.news\/2020\/1\/Press-release_North-Africa-Conference-2020-Renaissance-Capital_ENG_16-01.pdf\">North Africa Investors<\/a><\/strong><strong><a href=\"https:\/\/ent.news\/2020\/1\/Press-release_North-Africa-Conference-2020-Renaissance-Capital_ENG_16-01.pdf\">Conference (pdf)<\/a><\/strong><strong> kicks<\/strong><strong> off in Marrakech <\/strong>tomorrow and wraps on Thursday.<\/li>\n<li><strong>Our friends at AmCham will host US Ambassador Jonathan Cohen for its monthly luncheon <\/strong><strong>on Tuesday<\/strong>, 28 January. Cohen will discuss prospects for commercial ties between Egypt and the US. Members can <a href=\"https:\/\/www.amcham.org.eg\/login\/login.asp?ReturnUrl=%2Fcyberlink%2Fevents%2Fregister%2F1250\">register for the event here<\/a>.<\/li>\n<li><strong>CI Capital\u2019s annual <\/strong><strong><a href=\"http:\/\/cicapitalconferences.com\/\">MENA Investors Conference<\/a><\/strong><strong> gets underway on Tuesday<\/strong>, 28 January at the Four Seasons Nile Plaza. The three-day event will wrap on Thursday, 30 January.<\/li>\n<\/ul><p><strong>EGP WATCH-<\/strong> January\u2019s EGP surge against the greenback shows no sign of slowing, with the currency gaining another three piasters yesterday to reach 15.72 per USD. The EGP has now gained 28 piasters since 8 January when it was trading at exactly 16.00 per USD.<\/p><p class=\"web-image stand-out-borderless\"><a href=\"http:\/\/somabay.com\/\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/Kite-Web-1.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p><p><strong>***This is your last chance to take our annual reader poll:<\/strong> Tell us what you think will happen in 2020 and maybe get an Enterprise mug and our very own coffee. Every year we ask you, our readers, to weigh in on what you expect for the year ahead: Are you investing? Do you plan to hire new staff in 2020? How do you think the EGP will perform? What\u2019s your take on interest rates? Tell us, and we\u2019ll share the results with the entire community in early January to help you shape your view of the year. The survey is quick, we promise.<\/p><p>You can <strong><a href=\"https:\/\/www.surveymonkey.com\/r\/R32N7VR\">take the Enterprise Reader Poll here<\/a><\/strong><strong>.<\/strong><\/p><p><strong>As a token of our thanks, we\u2019re going to send up to 50 readers their very own Enterprise <\/strong><strong>mug and a bag of our special coffee blend<\/strong>, produced in association with our friends at <a href=\"http:\/\/www.30north.coffee\">30 North<\/a>. Want a chance to get a mug of your own? Make sure you give us your name and complete contact information at the bottom of the survey.<\/p><p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/Congress-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/p><p><strong>The third impeachment trial in US history begins today:<\/strong> Senate Majority Leader Mitch McConnell yesterday moved to block evidence against the president revealed in the House without a separate vote, hours after Trump\u2019s defense team demanded that the Senate move quickly to acquit him, <a href=\"https:\/\/www.nytimes.com\/2020\/01\/20\/us\/politics\/mcconnell-pushes-to-speed-impeachment-trial-as-trump-requests-swift-acquittal.html\">the New York Times reports<\/a>. Trump\u2019s lawyers put forward a <a href=\"https:\/\/www.nytimes.com\/2020\/01\/20\/us\/politics\/trump-impeachment-legal-defense.html\">legally-dubious<\/a> case, asserting that the president cannot be removed for abuse of power or obstruction of justice because there was no specific legal violation.<\/p><p><strong>With the tedium of the Democratic presidential debates over and done with, the race for <\/strong><strong>the nomination is about to get serious.<\/strong> We\u2019re just two weeks away from the starting gun of Democratic primary season, with the Iowa Caucus set to take place on 3 February. We seem to be down to a three-way race in the state, with progressive senator Bernie Sanders taking the lead in the latest <a href=\"https:\/\/www.desmoinesregister.com\/story\/news\/politics\/iowa-poll\/caucus\/2020\/01\/10\/iowa-poll-2020-bernie-sanders-lead-iowa-caucus-president-election\/4426492002\/\">Des Moines Register poll<\/a>, with national frontrunner Joe Biden trailing behind Senator Elizabeth Warren and South Bend Mayor Pete Buttigieg. The New Hampshire primary will take place on 11 February, and the Nevada Caucus on 22 February, before the candidates head into Super Tuesday on 3 March when 15 states go to the polls. <a href=\"https:\/\/www.rte.ie\/news\/world\/2020\/0110\/1105594-key-dates-uselection\/\">RTE has a full timeline of events<\/a> as we start counting down to the 2020 presidential election. The New York Times editorial board, meanwhile, is making headlines for having <a href=\"https:\/\/www.nytimes.com\/interactive\/2020\/01\/19\/opinion\/amy-klobuchar-elizabeth-warren-nytimes-endorsement.html\">endorsed two candidates representing two different paths for democrats<\/a>: Elizabeth Warren and Amy Klobuchar.<\/p><p class=\"web-image\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-01-19\/lebanon-s-bond-yields-surpass-200-as-default-risk-rises-chart?srnd=markets-vp&amp;sref=mmeFTDW1\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/Lebanon-bonds-Sept19-Jan20-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p><p><strong>The yield on Lebanon\u2019s next Eurobonds to mature rocketed to more than 200% last week<\/strong> amid renewed tensions between protestors and the police, according to a Bloomberg video (<a href=\"https:\/\/www.bloomberg.com\/news\/videos\/2020-01-20\/lebanon-s-bond-yields-surpass-200-as-default-risk-rises-video?srnd=premium-middle-east&amp;sref=mmeFTDW1\">watch, runtime; 04:46<\/a>). The USD 1.2 bn bond will mature on 9 March, and is being seen by investors as a key test for the country will default. The sell-off was triggered after Fitch warned that it would downgrade the country\u2019s credit rating to \u2018selective default\u2019 if Central Bank Governor Riad Salam\u00e9 went ahead with a plan to persuade local bondholders to swap into longer-dated bonds when it matures.<\/p><hr class=\"grey-line\"><p><strong>Bankers don\u2019t think you\u2019re rich unless you have USD 25 mn:<\/strong> For US elite private bankers, the benchmark for economy-class is higher than normal at USD 25 mn in investable wealth during an era described as one of hyper-wealth and hyper-inequality, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-05-23\/bankers-don-t-think-you-re-rich-unless-you-have-25-million?sref=mmeFTDW1\">according to Bloomberg<\/a>. What is business class, then, you might ask. That's USD 100 mn. First class? USD 200 mn. Private-jet rich? Try USD 1 bn. But it\u2019s not all lush rides and fancy get-ups \u2014 being rich comes with its own set of complications, which wealth managers and bankers try to resolve by selling them \u201cpeace of mind.\u201d<\/p><p><strong>Speaking of wealth: <\/strong>Anyone else more than just a little uncomfortable that the 2k wealthiest people in the world hold more than the poorest 4.6 bn people combined? <a href=\"https:\/\/www.cbc.ca\/news\/business\/rich-poor-oxfam-report-divide-1.5432930\">Canada\u2019s CBC has more<\/a>.<\/p><p><strong>PSA- It looks like it\u2019s going to rain today:<\/strong> The <a href=\"https:\/\/www.emaeg.org\/?lang=en\">Egyptian Meteorological Authority<\/a> is forecasting rainfall across Cairo as well as some cold weather to boot with a daytime high of 16\u00b0C and an overnight low of 9\u00b0C.<\/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 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Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/21\/last-nights-talk-shows-for-monday-20-january-2020\/\">\r\n                            Last night\u2019s talk shows for Monday 20 January 2020                        <\/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\/2020\/01\/21\/last-nights-talk-shows-for-monday-20-january-2020\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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href=\"https:\/\/x.com\/intent\/post?text=Last night\u2019s talk shows for Monday 20 January 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/01\/21\/last-nights-talk-shows-for-monday-20-january-2020\/\">\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\/2020\/01\/21\/last-nights-talk-shows-for-monday-20-january-2020\/&title=Last night\u2019s talk shows for Monday 20 January 2020\">\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=Last+night%E2%80%99s+talk+shows+for+Monday+20+January+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F01%2F21%2Flast-nights-talk-shows-for-monday-20-january-2020%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\/2020\/01\/21\/last-nights-talk-shows-for-monday-20-january-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567375\" class=\"content-area-description single-story post-567375 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-africa tag-budget-watch tag-economy tag-enterprise-last-nights-talk-shows tag-enterpriseam tag-finance tag-infrastructure tag-investment-watch tag-iran tag-uk wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Yesterday\u2019s UK-Africa Investment Summit took the spotlight on the talk shows last night:<\/strong> Al Kahera Alaan\u2019s Lamees El Hadidi <a href=\"https:\/\/www.youtube.com\/watch?v=tmyP5fOQRZk&t=269s\">(watch, runtime: 5:40)<\/a> and Min Masr\u2019s Reham Ibrahim <a href=\"https:\/\/www.youtube.com\/watch?v=MTN3uO5te_U\">(watch, runtime: 2:11)<\/a> both took note of President Abdel Fattah El Sisi\u2019s speech, which stressed<\/p>\n<p>Africa's needs for infrastructure and empowering youth and women. Live from London, Masaa DMC\u2019s Ramy Radwan interviewed UK Investment Minister Graham Stuart who said that the summit reflected the UK government's intention to invest in Africa and noted that the UK is Egypt\u2019s biggest investor <a href=\"https:\/\/www.youtube.com\/watch?v=al51RZfmLbw\">(<\/a><a href=\"https:\/\/www.youtube.com\/watch?v=al51RZfmLbw\">watch<\/a><a href=\"https:\/\/www.youtube.com\/watch?v=al51RZfmLbw\">, runtime: 7:35).<\/a> The Egyptian Ambassador to London Tarek Adel also praised the summit, telling Lobna Assal on Al Hayah Al Youm that it will create many partnerships between Africa and the world and help to combat illegal financial flows <a href=\"https:\/\/www.youtube.com\/watch?v=7d4JBx40cCs\">(watch, runtime: 5:33)<\/a>. We have more on the goings-on at the summit in this morning\u2019s Speed Round below.<\/p>\n<p><strong>The Finance Ministry\u2019s presser received some airtime<\/strong> by talking head numero uno Al Kahera Alaan\u2019s Lamees El Hadidi, who covered most of the headline figures in a short segment <a href=\"https:\/\/www.youtube.com\/watch?v=QxVrd_y_8G4\">(watch, runtime: 2:41)<\/a>. We have an elaborate rundown of yesterday\u2019s press conference in the Speed Round below.<\/p>\n<p><strong>There was still room for some GERD-talk:<\/strong> \u2018Let\u2019s not get ahead of ourselves\u2019 was the message delivered by former Foreign Minister Nabil Fahmy in an interview with El Hadidi last night, who didn\u2019t sound totally optimistic on the chances of the latest round Grand Ethiopian Renaissance Dam talks delivering a final agreement <a href=\"https:\/\/www.youtube.com\/watch?v=C3Em_8FCALw\">(watch, runtime: 24:01).<\/a><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/africa\/\">Africa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/budget-watch\/\">budget watch<\/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\/enterprise-last-nights-talk-shows\/\">Enterprise+: Last Night\u2019s Talk Shows<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/finance\/\">Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/iran\/\">Iran<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/uk\/\">UK<\/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=\"567376\" 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=\"567376\">\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\">Speed Round<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/21\/egypt-to-beat-debt-to-gdp-target-this-year-maait\/\">\r\n                            Egypt to beat debt-to-GDP target this year -Maait                        <\/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\/2020\/01\/21\/egypt-to-beat-debt-to-gdp-target-this-year-maait\/\" 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\/2020\/01\/21\/egypt-to-beat-debt-to-gdp-target-this-year-maait\/')\">\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\/2020\/01\/21\/egypt-to-beat-debt-to-gdp-target-this-year-maait\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt to beat debt-to-GDP target this year -Maait&url=https:\/\/enterpriseam.com\/egypt\/2020\/01\/21\/egypt-to-beat-debt-to-gdp-target-this-year-maait\/\">\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\/2020\/01\/21\/egypt-to-beat-debt-to-gdp-target-this-year-maait\/&title=Egypt to beat debt-to-GDP target this year -Maait\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+to+beat+debt-to-GDP+target+this+year+-Maait+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F01%2F21%2Fegypt-to-beat-debt-to-gdp-target-this-year-maait%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\/2020\/01\/21\/egypt-to-beat-debt-to-gdp-target-this-year-maait\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/658.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"567377\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/21\/egypt-to-beat-debt-to-gdp-target-this-year-maait\/658-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/658.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"658.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/658.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/658.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567376\" class=\"content-area-description single-story post-567376 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round tag-budgeting tag-enterpriseam tag-finance tag-legislation tag-speed-round tag-tax 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> Egypt to beat debt-to-GDP target this year + all you need to know about FinMin\u2019s epic p<\/strong><strong>resser:<\/strong> The Finance Ministry expects to reduce its debt-to-GDP ratio to 83% by the end of the current fiscal year, easily beating the 89% target included in the <a href=\"https:\/\/enterprise.press\/stories\/2019\/06\/25\/house-approves-fy2019-2020-state-budget\/\">FY 2019-2020 budget<\/a>, Finance Minister Mohamed Maait said <a href=\"https:\/\/bit.ly\/2NDueIT\">at a press conference yesterday<\/a>. The primary surplus improved slightly to 0.5% of GDP in the first half of FY2019-2020 from 0.4% a year earlier, Maait also said, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e9d57be5-5f66-4216-a88a-18f6c6d623f4\">reiterating figures announced<\/a> at last week\u2019s cabinet economic group meeting. The ministry is looking to narrow the primary deficit to 2% by the end of the fiscal year.<\/p>\n<p><strong>Gov\u2019t raises growth expectations for current fiscal year: <\/strong>The ministry now expects the economy to grow at a rate of between 5.8% and 5.9%, up from a previous 5.6% forecast, Maait said. Egypt\u2019s GDP is expected to grow at an annual clip of at least 5.5% over the next few years, <a href=\"https:\/\/bit.ly\/2ugCjMR\">according to a quarterly report<\/a> published by the government <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/22\/egypt-records-state-budget-deficit-of-2-1-in-1q2019-20-8829\/\">last month<\/a>.<\/p>\n<p><strong>But the budget deficit is growing:<\/strong> Despite debt-to-GDP falling this year, state finances are falling deeper into the red, with the budget deficit rising to 3.8% of GDP in the first six months of FY2019-2020 compared to 3.6% a year earlier. <a href=\"https:\/\/alborsaanews.com\/2020\/01\/20\/1287074\">Maait said<\/a> the increase was caused in part by the government\u2019s EGP 49 bn in interest paid between July and December 2019.<\/p>\n<p><strong>Tax revenues came in at EGP 304 bn in 1H FY2019-2020<\/strong>, <a href=\"https:\/\/bit.ly\/38rnLIZ\">Al Mal quoted<\/a> Vice Minister of Finance Ahmed Kouchouk as saying. Sovereign tax revenues (including the Suez Canal, the Central Bank of Egypt, and interest on government debt instruments) fell 27% y-o-y, while non-sovereign tax revenues increased 10%. The Finance Ministry had expected Egypt\u2019s tax revenues in FY2019-2020 to comprise 14% of the country\u2019s GDP in a report <a href=\"https:\/\/enterprise.press\/stories\/2019\/09\/11\/egypts-tax-revenues-expected-to-account-for-14-of-gdp-investments-to-spur-gdp-growth-in-fy2019-2020\/\">last year.<\/a><\/p>\n<p><strong>New incentives for industry on the way:<\/strong> <a href=\"https:\/\/alborsaanews.com\/2020\/01\/20\/1287438\">Maait said<\/a> that the finance and trade ministries will launch a package of measures to support local industry, which could include VAT incentives, export subsidies, or fuel price cuts for factories. In recent weeks we have gotten word that the government will <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/dfcf497b-7f1b-46c2-8fd2-ab50c007d3a3\">pass VAT amendments<\/a> to remove paper companies from paying VAT on raw materials, and a <a href=\"https:\/\/enterprise.press\/stories\/2019\/11\/03\/nat-gas-price-cuts-for-the-petrochem-industry-may-be-on-the-way\/\">gas pricing scheme<\/a> for petchem companies. Meanwhile, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/50bb4fec-224c-487b-a7e1-0c4208bc645b\">exporters have been demanding changes<\/a> to the government\u2019s new <a href=\"https:\/\/enterprise.press\/stories\/2019\/06\/23\/egypt-to-dedicate-egp-6-bn-annually-in-the-budget-for-exports-subsidies\/\">EGP 6 bn export subsidies framework<\/a>.<\/p>\n<p><strong>Speaking of export subsidies \u2014 more settlements on the way: <\/strong>The ministry will sign 40 agreements with exporters in \u201cthe coming days\u201d to disburse overdue subsidies, <a href=\"https:\/\/bit.ly\/2NIdjVC\">Hapi Journal quoted<\/a> Kouchouk as saying. A total of 370 companies are currently owed money by the government under an old framework which promised to pay out export subsidies through the Export Subsidy Fund, which said <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/10\/egypts-export-subsidy-fund-to-pay-40-of-total-overdue-subsidies-before-mid-2020-8147\/\">last month<\/a> it will disburse 40% of the total overdues before mid-2020. Settlements of the overdue payments have reportedly been moving forward since last September, in tandem with the launch of the new framework.<\/p>\n<p><strong>Ministry sets up green bonds committee:<\/strong> Kouchouk said that the ministry has formed a committee to plan for the issuance of green bonds, <a href=\"https:\/\/bit.ly\/2RaazT1\">according to Al Mal.<\/a> <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a28ee6ae-8001-4696-b7cd-fadeae71c157\">Maait told us last week<\/a> that green bonds will likely take the lead in the government\u2019s debt sales for the remainder of the fiscal year.<\/p>\n<p><strong>Also from the presser: <\/strong>The ministry will decide by the end of February how it will amend taxation on EGX trades, <a href=\"https:\/\/ara.reuters.com\/article\/businessNews\/idARAKBN1ZJ15J\">Reuters quoted Maait as saying<\/a>. We have background on this <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/08\/capital-gains-tax-on-egx-trades-could-be-making-a-comeback-as-soon-as-this-month-7910\/\">here<\/a> and <a href=\"https:\/\/enterprise.press\/stories\/2019\/09\/24\/govt-committee-close-to-finalizing-incentives-package-for-new-listings-on-egypts-bourse\/\">here<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/budgeting\/\">budgeting<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/finance\/\">Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/legislation\/\">legislation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/speed-round\/\">SPEED ROUND<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tax\/\">tax<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"567395\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"567396\" 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=\"567396\">\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\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/21\/egypt-in-the-news-on-21-january-2020\/\">\r\n                            Egypt in the News on 21 January 2020                        <\/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\/2020\/01\/21\/egypt-in-the-news-on-21-january-2020\/\" 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\/2020\/01\/21\/egypt-in-the-news-on-21-january-2020\/')\">\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\/2020\/01\/21\/egypt-in-the-news-on-21-january-2020\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt in the News on 21 January 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/01\/21\/egypt-in-the-news-on-21-january-2020\/\">\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\/2020\/01\/21\/egypt-in-the-news-on-21-january-2020\/&title=Egypt in the News on 21 January 2020\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+in+the+News+on+21+January+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F01%2F21%2Fegypt-in-the-news-on-21-january-2020%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\/2020\/01\/21\/egypt-in-the-news-on-21-january-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567396\" class=\"content-area-description single-story post-567396 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-eastern-mediterranean tag-egypt-in-the-news tag-enterpriseam tag-israel wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>This morning in the foreign press: <\/strong>Egypt is apparently \u201cunruffled\u201d by Israel\u2019s pipeline project that would allow it to ship gas directly to Europe without using Egypt as an intermediary, <a href=\"http:\/\/al-monitor.com\/pulse\/originals\/2020\/01\/egypt-israel-greece-cyprus-east-med-pipeline-gas-deals-worry.html\">writes Hagar Hosny for Al Monitor<\/a>. Greece, Cyprus, and Israel earlier this month signed an agreement to move ahead with the project, but this is unlikely to do much to dent Egypt\u2019s ambitions to emerge as a regional energy hub. World Energy Council member Maher Aziz said that Egyptian gas is bound to reach European shores, whether through a new agreement to link Egypt to the Israeli pipeline or through existing plans to link Egypt to Cyprus.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/eastern-mediterranean\/\">Eastern Mediterranean<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-in-the-news\/\">Egypt in the News<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/israel\/\">Israel<\/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=\"567397\" 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=\"567397\">\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\">Worth Listening<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/21\/editas-ceo-on-creating-a-sustainable-business-model\/\">\r\n                            Edita\u2019s CEO on creating a sustainable business model                        <\/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\/2020\/01\/21\/editas-ceo-on-creating-a-sustainable-business-model\/\" 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\/2020\/01\/21\/editas-ceo-on-creating-a-sustainable-business-model\/')\">\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\/2020\/01\/21\/editas-ceo-on-creating-a-sustainable-business-model\/\">\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=Edita\u2019s CEO on creating a sustainable business model&url=https:\/\/enterpriseam.com\/egypt\/2020\/01\/21\/editas-ceo-on-creating-a-sustainable-business-model\/\">\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\/2020\/01\/21\/editas-ceo-on-creating-a-sustainable-business-model\/&title=Edita\u2019s CEO on creating a sustainable business model\">\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=Edita%E2%80%99s+CEO+on+creating+a+sustainable+business+model+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F01%2F21%2Feditas-ceo-on-creating-a-sustainable-business-model%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\/2020\/01\/21\/editas-ceo-on-creating-a-sustainable-business-model\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/665.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"567398\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/21\/editas-ceo-on-creating-a-sustainable-business-model\/665-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/665.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"665.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/665.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/665.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567397\" class=\"content-area-description single-story post-567397 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-listening tag-edita tag-enterpriseam tag-food tag-hani-berzi tag-ipo-watch tag-manufacturing tag-worth-listening wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Sustainability over profitability,<\/strong> <strong>not your common business model:<\/strong> Hani Berzi, the CEO of Edita, wanted his business to be sustainable. He wasn\u2019t convinced that the \u2018family business\u2019 model would allow his snack food company to survive from generation to generation. At the same time, Berzi was against the idea of someone else acquiring the business after a bad experience suffered by his father. With a blockbuster IPO on the EGX back in 2015, Edita ensured it\u2019s sustainability and pushed its name even higher up the ranks in the food manufacturing industry. Today, the homegrown company is a fierce competitor against global multinationals such as Nestle and Cadbury. If you\u2019re in university getting Molto in between classes, or a parent putting Bake Rolz in your kid\u2019s lunch box, it\u2019s worth listening to the story behind some of your favorite snacks.<\/p>\n<p><strong>You can listen to the episode (runtime: 36:11) on: <\/strong><a href=\"http:\/\/enterprise.press\/podcast\">Our website<\/a> | <a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/eat-your-heart-out-willy-wonka-how-edita-beat-out-global\/id1487974619?i=1000462709792\">Apple Podcast<\/a> | <a href=\"https:\/\/podcasts.google.com\/?feed=aHR0cHM6Ly93d3cub21ueWNvbnRlbnQuY29tL2QvcGxheWxpc3QvNWE1NmQ3YzMtZjI4MS00NTU3LThlMzEtYWFjODAxN2NjZjA2L2U3ZjE1ZWYwLWMwOWYtNDFiNi1iZDM4LWFiMDUwMGMwNDVlZi82OTc0ODFkMi04OGRmLTRlYjMtYmY3Mi1hYjA1MDBjMjllOWYvcG9kY2FzdC5yc3M%3D\">Google Podcast<\/a><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/edita\/\">Edita<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/food\/\">food<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hani-berzi\/\">Hani Berzi<\/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\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/worth-listening\/\">WORTH LISTENING<\/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=\"567399\" 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=\"567399\">\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\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/21\/egypt-electricity-exports-fall-15-from-july-to-november\/\">\r\n                            Egypt electricity exports fall 15% from July to November                        <\/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\/2020\/01\/21\/egypt-electricity-exports-fall-15-from-july-to-november\/\" 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\/2020\/01\/21\/egypt-electricity-exports-fall-15-from-july-to-november\/')\">\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\/2020\/01\/21\/egypt-electricity-exports-fall-15-from-july-to-november\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt electricity exports fall 15% from July to November&url=https:\/\/enterpriseam.com\/egypt\/2020\/01\/21\/egypt-electricity-exports-fall-15-from-july-to-november\/\">\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\/2020\/01\/21\/egypt-electricity-exports-fall-15-from-july-to-november\/&title=Egypt electricity exports fall 15% from July to November\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+electricity+exports+fall+15%25+from+July+to+November+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F01%2F21%2Fegypt-electricity-exports-fall-15-from-july-to-november%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\/2020\/01\/21\/egypt-electricity-exports-fall-15-from-july-to-november\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567399\" class=\"content-area-description single-story post-567399 post type-post status-publish format-standard hentry category-energy tag-electricity tag-energy tag-enterpriseam tag-jordan tag-libya tag-palestine tag-saudi-arabia tag-sudan wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Egypt\u2019s electricity exports fell 15% to 47 mn KWh in November from a peak of 55 mn KWh in July, <a href=\"https:\/\/bit.ly\/367MW1C\">Al Mal quoted unnamed sources as saying<\/a>. The sources said that the political situation in Libya, the seasonal fall in consumption, and efforts in Jordan to become energy self-sufficient had caused the decline. The news came on the same day that sources in the <a href=\"https:\/\/bit.ly\/2NITNZ9\">Electricity Ministry revealed<\/a> that it is studying increasing its electrical connection capacity with Jordan above 400 MW. Egypt \u2014 which is currently linked with Jordan, Palestine, Libya, and most <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7efe8474-fed4-4766-820d-75934e17f30f\">recently Sudan<\/a> \u2014 is also finalizing an interconnection agreement with Saudi Arabia, which is <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/10\/egypt-and-saudi-arabia-to-sign-electricity-interconnection-project-by-may-2020-8165\/\">due to be signed in May.<\/a> A <a href=\"https:\/\/www.euroafrica-interconnector.com\/at-glance\/project-timeline\/\">USD 4 bn EuroAfrica project<\/a> to connect the electricity grids of Egypt, Cyprus, and Greece is also scheduled for completion <a href=\"https:\/\/enterprise.press\/stories\/2019\/02\/11\/egypt-looks-to-export-electricity-to-syria-via-jordan-in-coming-years\/\">by December 2022.<\/a><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/electricity\/\">electricity<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/jordan\/\">Jordan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/libya\/\">Libya<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/palestine\/\">Palestine<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sudan\/\">Sudan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"567400\" 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=\"567400\">\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\">Automotive + Transportation<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/21\/infinity-e-to-install-egp-300-mn-of-electric-car-chargers-by-2023\/\">\r\n                            Infinity-E to install EGP 300 mn of electric car chargers by 2023                        <\/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\/2020\/01\/21\/infinity-e-to-install-egp-300-mn-of-electric-car-chargers-by-2023\/\" 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\/2020\/01\/21\/infinity-e-to-install-egp-300-mn-of-electric-car-chargers-by-2023\/')\">\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\/2020\/01\/21\/infinity-e-to-install-egp-300-mn-of-electric-car-chargers-by-2023\/\">\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=Infinity-E to install EGP 300 mn of electric car chargers by 2023&url=https:\/\/enterpriseam.com\/egypt\/2020\/01\/21\/infinity-e-to-install-egp-300-mn-of-electric-car-chargers-by-2023\/\">\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\/2020\/01\/21\/infinity-e-to-install-egp-300-mn-of-electric-car-chargers-by-2023\/&title=Infinity-E to install EGP 300 mn of electric car chargers by 2023\">\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=Infinity-E+to+install+EGP+300+mn+of+electric+car+chargers+by+2023+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F01%2F21%2Finfinity-e-to-install-egp-300-mn-of-electric-car-chargers-by-2023%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\/2020\/01\/21\/infinity-e-to-install-egp-300-mn-of-electric-car-chargers-by-2023\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567400\" class=\"content-area-description single-story post-567400 post type-post status-publish format-standard hentry category-automotive-transportation tag-automotive tag-automotive-transportation tag-enterpriseam tag-evs tag-sustainability wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Infinity Solar subsidiary <a href=\"http:\/\/infinitye.com\/en\/About-Infinity-e\">Infinity-E<\/a> is planning to install EGP 300 mn of electric car charging docks over the next three years, CEO Shams El Din Abdel Ghaffar was <a href=\"https:\/\/bit.ly\/2NKghZH\">quoted by Al Mal<\/a> as saying. The company has already deployed 15 last year and plans to have installed 100 points by the end of 2020 through planned contracts with retail giant Majid Al Futtaim\u2019s City Centre Alexandria and Mall of Egypt and with Hyde Park Developments\u2019 compound in New Cairo. The company last year inked contracts with MAF\u2019s City Centre Almaza, Palm Hills Developments, and New Giza.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/automotive\/\">automotive<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/automotive-transportation\/\">Automotive + Transportation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sustainability\/\">sustainability<\/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=\"567401\" 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=\"567401\">\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\">Banking + Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/21\/emirati-company-looking-to-establish-microfinance-unit-in-egypt\/\">\r\n                            Emirati company looking to establish microfinance unit in Egypt                        <\/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\/2020\/01\/21\/emirati-company-looking-to-establish-microfinance-unit-in-egypt\/\" 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\/2020\/01\/21\/emirati-company-looking-to-establish-microfinance-unit-in-egypt\/')\">\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\/2020\/01\/21\/emirati-company-looking-to-establish-microfinance-unit-in-egypt\/\">\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=Emirati company looking to establish microfinance unit in Egypt&url=https:\/\/enterpriseam.com\/egypt\/2020\/01\/21\/emirati-company-looking-to-establish-microfinance-unit-in-egypt\/\">\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\/2020\/01\/21\/emirati-company-looking-to-establish-microfinance-unit-in-egypt\/&title=Emirati company looking to establish microfinance unit in Egypt\">\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=Emirati+company+looking+to+establish+microfinance+unit+in+Egypt+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F01%2F21%2Femirati-company-looking-to-establish-microfinance-unit-in-egypt%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\/2020\/01\/21\/emirati-company-looking-to-establish-microfinance-unit-in-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567401\" class=\"content-area-description single-story post-567401 post type-post status-publish format-standard hentry category-banking-finance tag-banking-finance tag-enterpriseam tag-financial-regulatory-authority tag-microfinance tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>A major Emirati company is considering launching a microfinancing arm in Egypt, <a href=\"https:\/\/bit.ly\/2Rg441b\">Al Mal<\/a><a href=\"https:\/\/bit.ly\/2Rg441b\">reports<\/a>, citing three sources familiar with the matter. They said the company is currently assessing the Egyptian market and will submit a licensing request to the Financial Regulatory Authority this year, with one confirming that it also intends to establish a specialized arm in consumer finance after the microfinancing unit has launched.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking-finance\/\">BANKING + FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-regulatory-authority\/\">Financial Regulatory Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/microfinance\/\">microfinance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"567402\" 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=\"567402\">\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\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/21\/egypts-first-female-lawyer-celebrated-by-google\/\">\r\n                            Egypt\u2019s first female lawyer celebrated by Google                        <\/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\/2020\/01\/21\/egypts-first-female-lawyer-celebrated-by-google\/\" 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\/2020\/01\/21\/egypts-first-female-lawyer-celebrated-by-google\/')\">\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\/2020\/01\/21\/egypts-first-female-lawyer-celebrated-by-google\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt\u2019s first female lawyer celebrated by Google&url=https:\/\/enterpriseam.com\/egypt\/2020\/01\/21\/egypts-first-female-lawyer-celebrated-by-google\/\">\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\/2020\/01\/21\/egypts-first-female-lawyer-celebrated-by-google\/&title=Egypt\u2019s first female lawyer celebrated by Google\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt%E2%80%99s+first+female+lawyer+celebrated+by+Google+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F01%2F21%2Fegypts-first-female-lawyer-celebrated-by-google%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\/2020\/01\/21\/egypts-first-female-lawyer-celebrated-by-google\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/666.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"567403\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/21\/egypts-first-female-lawyer-celebrated-by-google\/666-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/666.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"666.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/666.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/666.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567402\" class=\"content-area-description single-story post-567402 post type-post status-publish format-standard has-post-thumbnail hentry category-on-your-way-out tag-education tag-enterpriseam tag-feminism tag-gender tag-google wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Egypt\u2019s first female lawyer, Mufidah Abdul Rahman, was celebrated on <\/strong><strong><a href=\"https:\/\/g.co\/doodle\/mfkma\">Google\u2019s search<\/a><\/strong><strong><a href=\"https:\/\/g.co\/doodle\/mfkma\">page<\/a><\/strong><strong> yesterday<\/strong> for what would have been her 106th birthday, <a href=\"https:\/\/www.thenational.ae\/uae\/mufidah-abdul-rahman-google-doodle-celebrates-one-of-egypt-s-first-female-lawyers-1.966559#1\">according to the National<\/a>. Mufidah Abdul Rahman was the first woman to enroll in Cairo University\u2019s Faculty of Law, and the first mother to graduate from the institution. The graphic was designed by local designer <a href=\"http:\/\/deenadraws.art\/\">Deena Mohamed<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/feminism\/\">feminism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gender\/\">gender<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/google\/\">Google<\/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=\"567404\" 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=\"567404\">\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\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/21\/the-market-yesterday-10\/\">\r\n                            The Market Yesterday                        <\/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\/2020\/01\/21\/the-market-yesterday-10\/\" 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\/2020\/01\/21\/the-market-yesterday-10\/')\">\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\/2020\/01\/21\/the-market-yesterday-10\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=The Market Yesterday&url=https:\/\/enterpriseam.com\/egypt\/2020\/01\/21\/the-market-yesterday-10\/\">\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\/2020\/01\/21\/the-market-yesterday-10\/&title=The Market Yesterday\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=The+Market+Yesterday+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F01%2F21%2Fthe-market-yesterday-10%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\/2020\/01\/21\/the-market-yesterday-10\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567404\" class=\"content-area-description single-story post-567404 post type-post status-publish format-standard hentry category-the-market-yesterday tag-enterpriseam tag-the-market-yesterday wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><p><strong>EGP \/ USD CBE market average:<\/strong> Buy 15.72 | Sell 15.85<\/p>\n<p> <strong>EGP \/ USD<\/strong><strong> at <\/strong><strong>CIB<\/strong><strong>:<\/strong> Buy 15.73 | Sell 15.83<br \/>\n <strong>EGP \/ USD at <\/strong><strong>NBE<\/strong><strong>: <\/strong>Buy 15.76 | Sell 15.86<\/p>\n<p><strong>EGX30<\/strong> (Monday): 13,774 (-1.0%)<br \/>\n <strong>Turnover:<\/strong> EGP 511 mn (22% below the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: -1.4%<\/p>\n<p><strong>THE MARKET ON MONDAY:<\/strong> The EGX30 ended Monday\u2019s session down 1.0%. CIB, the index\u2019s heaviest constituent, ended down 1.0%. EGX30\u2019s top performing constituents were Abu Dhabi Islamic Bank up 0.5%, Telecom Egypt up 0.1%, and Egypt Kuwait Holding up 0.1%. Yesterday\u2019s worst performing stocks were Ezz Steel down 3.4%, Egyptian Resorts down 3.3% and Cleopatra Hospital down 3.2%. The market turnover was EGP 511 mn, and local investors were the sole net buyers.<\/p>\n<p><strong>Foreigners<\/strong>: Net short | EGP -19.9 mn<br \/>\n <strong>Regional<\/strong>: Net short | EGP -36.7 mn<br \/>\n <strong>Domestic<\/strong>: Net long | EGP +56.6 mn<\/p>\n<p><strong>Retail<\/strong>: 56.1% of total trades | 52.9% of buyers | 59.3% of sellers<br \/>\n <strong>Institutions<\/strong>: 43.9% of total trades | 47.1% of buyers | 40.7% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 58.66 (+0.2%)<br \/>\n <strong>Brent:<\/strong> USD 65.25 (+0.6%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 1.94 MMBtu, (-3.2%, February 2020 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,560.60 \/ troy ounce (+0.0%)<\/p>\n<p><strong>TASI:<\/strong> 8,469 (+0.2%) (YTD: +1.0%)<br \/>\n <strong>ADX:<\/strong> 5,213 (+0.8%) (YTD: +2.7%)<br \/>\n <strong>DFM:<\/strong> 2,850 (-0.4%) (YTD: +3.1%)<br \/>\n <strong>KSE Premier Market:<\/strong> 7,123 (-0.2%)<br \/>\n <strong>QE:<\/strong> 10,689 (-0.2%) (YTD: +2.5%)<br \/>\n <strong>MSM:<\/strong> 4,075 (+0.1%) (YTD: +2.4%)<br \/>\n <strong>BB: <\/strong>1,642 (+0.1%) (YTD: +2.0%)<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-market-yesterday\/\">The Market Yesterday<\/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=\"567405\" 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\/2020\/01\/21\/567405\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567405\" class=\"content-area-description single-story post-567405 post type-post status-publish format-standard hentry category-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>January: 1,000 artifacts to be displayed when <a href=\"https:\/\/www.egypttoday.com\/Article\/4\/79118\/Hurghada-Museum-to-be-inaugurated-on-Jan-2020\">Hurghada Museum opens<\/a>.<\/p>\n<p>21-24 January (Tuesday-Friday): World Economic Forum (WEF) Annual Meeting, Davos-Klosters, Switzerland.<\/p>\n<p>22-23 January (Wednesday-Thursday): Renaissance Capital\u2019s North Africa Investors Conference, Marrakech, Morocco.<\/p>\n<p>23 January 23-February 4: <a href=\"https:\/\/www.facebook.com\/cairobookfair\/\">Cairo International Book Fair 2020<\/a>, New Cairo International Exhibition and Convention Center, Egypt<\/p>\n<p>25 January (Saturday): 25 January revolution anniversary \/ Police Day, national holiday.<\/p>\n<p>25 January (Saturday): Midterm break for public schools and universities. Also known as: Two weeks of good commute.<\/p>\n<p>27 January (Monday): Cairo Economic Court will <a href=\"https:\/\/almalnews.com\/%d8%a7%d9%84%d8%a7%d9%82%d8%aa%d8%b5%d8%a7%d8%af%d9%8a%d8%a9-%d8%aa%d8%a4%d8%ac%d9%84-%d9%86%d8%b8%d8%b1-%d9%82%d8%b6%d9%8a%d8%a9-%d8%a7%d9%84%d8%aa%d9%82%d9%8a%d9%8a%d9%85-%d8%a7%d9%84\/\">look into minority shareholder's lawsuit<\/a> against Fincorp Investment Holding as Adeptio AD Investments' financial advisor for its mandatory tender offer (MTO) for Americana Egypt.<\/p>\n<p>27-29 January (Monday-Wednesday): African Private Equity and Venture Capital Association\u2019s <a href=\"https:\/\/www.avca-africa.org\/events-training\/training-events\/avca-north-africa-fund-manager-masterclass\/?utm_source=mailchimp&utm_medium=email&utm_term=events&utm_content=banner&utm_campaign=avcamonthlyjan20&utm_source=AVCA+Mailing+List&utm_campaign=f67e9df1ca-CAIRO2020&utm_medium=email&utm_term=0_807f5f8d47-f67e9df1ca-65560985&ct=t(CAIRO2020)\">North African Fund Manager Masterclass<\/a>, Sheraton Cairo Hotel, Galaa Square, Cairo.<\/p>\n<p>28 January (Tuesday): AmCham to host US Ambassador Jonathan Cohen for monthly luncheon.<\/p>\n<p>28-30 January (Tuesday-Thursday): CI Capital\u2019s annual <a href=\"http:\/\/cicapitalconferences.com\/\">MENA Investors Conference<\/a>, Four Seasons Nile Plaza, Cairo.<\/p>\n<p>28-29 January (Tuesday-Wednesday): US Federal Open Market Committee will hold its two-day policy meeting to review the interest rate.<\/p>\n<p>28-29 January (Tuesday-Wednesday): Egypt and Ethiopia to meet again in Washington, DC, for mediation on GERD.<\/p>\n<p>February: An Italian business delegation <a href=\"https:\/\/almalnews.com\/%d9%88%d9%81%d8%af-%d8%a5%d9%8a%d8%b7%d8%a7%d9%84%d9%8a-%d9%8a%d8%b2%d9%88%d8%b1-%d9%85%d8%b5%d8%b1-%d9%81%d8%a8%d8%b1%d8%a7%d9%8a%d8%b1-%d8%a7%d9%84%d9%85%d9%82%d8%a8%d9%84-%d9%84%d9%84%d8%aa%d8%b9\/\">will visit Egypt<\/a> to discuss investments in the Port Said industrial zone.<\/p>\n<p>February: A delegation of Swiss businesses <a href=\"http:\/\/www.miic.gov.eg\/Arabic\/MediaCenter\/News\/Pages\/%D9%85%D8%B5%D8%B1-%D9%88%D8%B3%D9%88%D9%8A%D8%B3%D8%B1%D8%A7-%D8%AA%D8%AA%D9%81%D9%82%D8%A7%D9%86-%D8%B9%D9%84%D9%89-%D8%A7%D8%B3%D8%AA%D8%B1%D8%A7%D8%AA%D9%8A%D8%AC%D9%8A%D8%A9-%D8%A7%D9%84%D8%AA%D8%B9%D8%A7%D9%88%D9%86-%D8%A7%D9%84%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9-%D8%AD%D8%AA%D9%89-2024.aspx\">will visit Egypt<\/a> to discuss investment.<\/p>\n<p>February: Higher Education Minister Khaled Abdel-Ghaffar <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=19112019&id=2b9e9b1c-45ad-4af5-82a9-f8650319c562\">will visit<\/a> Minsk, Belarus.<\/p>\n<p>1 February (Saturday): The administrative court <a href=\"https:\/\/almalnews.com\/%d8%a7%d9%84%d9%82%d8%b6%d8%a7%d8%a1-%d8%a7%d9%84%d8%a5%d8%af%d8%a7%d8%b1%d9%89-%d9%8a%d8%a4%d8%ac%d9%84-%d9%82%d8%b6%d9%8a%d8%a9-%d8%a3%d8%af%d9%8a%d8%a8%d9%8a%d8%aa%d9%88-%d8%a3%d9%85%d8%b1\/\">will look into<\/a> an appeal by Adeptio AD Investments against a Financial Regulatory Authority to submit a mandatory tender offer (MTO) for Americana Egypt.<\/p>\n<p>3-5 February: <a href=\"https:\/\/www.facebook.com\/aaif2020\">The Arab-African International Forum<\/a>, Jeddah, Saudi Arabia.<\/p>\n<p>4 February (Tuesday): Court hearing for PTT Energy Resources\u2019 <a href=\"https:\/\/enterprise.press\/stories\/2019\/05\/06\/thailands-ptt-energy-resources-files-usd-1-bn-lawsuit-against-govt-over-emg\/\">USD 1 bn lawsuit against Egyptian government<\/a>.<\/p>\n<p>8 February (Saturday): Midterm break ends. Traffic in Cairo stinks once more.<\/p>\n<p>9-10 February (Sunday-Monday): The the 33rd ordinary African Union (AU) Summit where Egypt will <a href=\"https:\/\/aawsat.com\/english\/home\/article\/2058256\/egypt-hand-african-union-presidency-south-africa-february\">hand over<\/a> the African Union presidency to South Africa<\/p>\n<p>11-13 February (Tuesday-Thursday): <a href=\"https:\/\/www.egyps.com\/\">Egypt Petroleum Show<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>23 February (Sunday): Court session for Arabia Investments Holdings\u2019 <a href=\"https:\/\/almalnews.com\/%d8%aa%d8%a3%d8%ac%d9%8a%d9%84-%d8%af%d8%b9%d9%88%d9%89-%d8%a7%d9%84%d8%b9%d8%b1%d8%a8%d9%8a%d8%a9-%d9%84%d9%84%d8%a7%d8%b3%d8%aa%d8%ab%d9%85%d8%a7%d8%b1%d8%a7%d8%aa-%d8%b6%d8%af-%d8%a8%d9%8a%d8%ac-6\/\">lawsuit against Peugeot<\/a>. It was previously postponed to 24 November 2019 and then to 5 January 2020, and now 23 February.<\/p>\n<p>23 February (Sunday): Court session for Amer Group, Porto Group compensation claim against Antaradous<\/p>\n<p>27 February (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>March: <a href=\"http:\/\/www.menafatf.org\/about\">The Middle East and North Africa Financial Action Task Force<\/a> (MENAFATF) <a href=\"https:\/\/almalnews.com\/%d9%85%d8%ac%d9%85%d9%88%d8%b9%d8%a9-%d8%a7%d9%84%d8%b9%d9%85%d9%84-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%8a-%d8%aa%d8%b2%d9%88%d8%b1-%d9%85%d8%b5%d8%b1-%d9%85%d8%a7%d8%b1%d8%b3-%d8%a7%d9%84%d9%85%d9%82\/\">will visit<\/a> Egypt to assess the progress of actions taken to combat money laundering and terrorist sponsoring activities.<\/p>\n<p>1 March: <a href=\"https:\/\/www.youm7.com\/story\/2019\/11\/28\/%D8%B1%D8%A6%D9%8A%D8%B3-%D8%BA%D8%B1%D9%81%D8%A9-%D8%A7%D9%84%D8%A5%D8%B3%D9%83%D9%86%D8%AF%D8%B1%D9%8A%D8%A9-%D8%A7%D9%84%D8%AA%D8%AC%D8%A7%D8%B1%D9%8A%D8%A9-%D9%85%D8%B5%D8%B1-%D8%AA%D8%B3%D8%AA%D8%B6%D9%8A%D9%81-%D9%85%D8%A4%D8%AA%D9%85%D8%B1%D8%A7-%D8%AF%D9%88%D9%84%D9%8A%D8%A7-%D8%B9%D9%86-%D8%A7%D9%84%D9%84%D9%88%D8%AC%D8%B3%D8%AA%D9%8A%D8%A7%D8%AA\/4516709\">A conference<\/a> on \u201clogistics and its impact on the movement of goods and industry,\u201d venue TBD, Alexandria.<\/p>\n<p>4-5 March (Wednesday-Thursday): <a href=\"https:\/\/ent.news\/2019\/10\/Press-Release-26th-Annual-Women-Economic-Forum-March-2020-Cairo-Egypt.pdf\">Women Economic Forum<\/a>, Cairo.<\/p>\n<p>7 March (Saturday): International Conference for Investment organized by Suez Canal Economic Authority, Al Galala City, Egypt<\/p>\n<p>17-18 March (Tuesday-Wednesday): US Federal Open Market Committee will hold its two-day policy meeting to review the interest rate.<\/p>\n<p>25-26 March (Wednesday-Thursday): <a href=\"http:\/\/www.megaprojectsconf.com\/\">Mega Projects Conference<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>9 April (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>12 April (Sunday): Easter Sunday.<\/p>\n<p>20 April (Monday): Sham El Nessim, national holiday.<\/p>\n<p>23 April (Thursday): First day of Ramadan (TBC).<\/p>\n<p>23-26 May (Saturday-Tuesday): Eid El Fitr (TBC).<\/p>\n<p>25 April (Saturday): Sinai Liberation Day, national holiday.<\/p>\n<p>28-29 April (Tuesday-Wednesday): US Federal Open Market Committee will hold its two-day policy meeting to review the interest rate.<\/p>\n<p>5-7 May (Tuesday-Thursday): <a href=\"https:\/\/www.afsic.net\/\">AFSIC - Investing in Africa<\/a>, London, United Kingdom.<\/p>\n<p>21 May (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>9-10 June (Tuesday-Wednesday): US Federal Open Market Committee will hold its two-day policy meeting to review the interest rate.<\/p>\n<p>17-20 June (Wednesday-Saturday): <a href=\"https:\/\/www.automech-formula.com\/en\/home.html\">2019 Automech Formula car expo<\/a>, Egypt International Exhibition Center, Cairo.<\/p>\n<p>30 June (Sunday): June 2013 protests anniversary, national holiday.<\/p>\n<p>2 July (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>28-29 July (Tuesday-Wednesday): US Federal Open Market Committee will hold its two-day policy meeting to review the interest rate.<\/p>\n<p>30 July-3 August (Thursday-Monday): Eid El Adha (TBC), national holiday.<\/p>\n<p>13 August (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>20 August (Wednesday-Thursday): Islamic New Year (TBC), national holiday.<\/p>\n<p>15-16 September (Tuesday-Wednesday): US Federal Open Market Committee will hold its two-day policy meeting to review the interest rate.<\/p>\n<p>24 September (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>6 October (Tuesday): Armed Forces Day, national holiday.<\/p>\n<p>29 October (Thursday): Prophet Mohamed\u2019s birthday (TBC), national holiday.<\/p>\n<p>November: Egypt <a href=\"http:\/\/gate.ahram.org.eg\/News\/2284801.aspx\">will host simultaneously<\/a> the International Capital Market Association\u2019s emerging market, and Africa and Middle East meetings.<\/p>\n<p>4-5 November (Tuesday-Wednesday): US Federal Open Market Committee will hold its two-day policy meeting to review the interest rate.<\/p>\n<p>5 November (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>15-16 December (Tuesday-Wednesday): US Federal Open Market Committee will hold its two-day policy meeting to review the interest rate.<\/p>\n<p>17 December (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>25 December (Friday): Western Christmas.<\/p>\n<p>1 January 2021 (Friday): New Year\u2019s Day, national holiday.<\/p>\n<p>7 January 2021 (Thursday): Coptic Christmas, national holiday.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":567372,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-567371","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"5ba8c975-7ea1-499d-a658-a26632ae53c8","teaser":"","photo_url":"https:\/\/ent.news\/2020\/1\/178.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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