{"id":567454,"date":"2020-01-23T04:01:38","date_gmt":"2020-01-23T04:01:38","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=567454"},"modified":"2025-12-16T05:55:30","modified_gmt":"2025-12-16T05:55:30","slug":"breaking-down-the-new-mining-act","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/breaking-down-the-new-mining-act\/","title":{"rendered":"Breaking down the new mining act"},"content":{"rendered":"<section id=\"567456\" 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=\"567456\">\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\/23\/what-were-tracking-on-23-january-2020\/\">\r\n                            What we\u2019re tracking on 23 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\/23\/what-were-tracking-on-23-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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We\u2019re heading to work on Sunday, ladies and gents.<\/p>\n<p><strong>GERD talks wrap up in Khartoum today:<\/strong> Technical and legal teams from Egypt, Ethiopia and Sudan will today finish two days of meetings designed to lay the groundwork for a final agreement on the filling and operating timetable for the Grand Ethiopian Renaissance Dam at talks in Washington on 28-29 January.<\/p>\n<p><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 Conference (pdf)<\/a><\/strong> wraps in Marrakech today. Chairman Christophe Charlier told the conference yesterday that North African countries are now ready to fully industrialize, and described Egypt as a growth market bolstered by strong demographics and the government\u2019s supportive reform program, <a href=\"https:\/\/alborsaanews.com\/2020\/01\/22\/1288123\">according to the local press.<\/a><\/p>\n<p><strong>Shoukry in Algeria for Libya talks:<\/strong> The foreign ministers of Egypt, Tunisia, Sudan, Chad, Mali and Niger are in Algiers today to begin a new round of discussions on the situation in Libya, the <a href=\"https:\/\/bit.ly\/3aw1r2B\">Foreign Ministry said in a statement<\/a> yesterday. <a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL8N29R55W\">An unnamed source told Reuters<\/a> that Algeria is looking to build \u201cconsensus to secure the maximum chance for a peace [agreement]\u201d. This comes <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2213983e-f7c6-453a-a049-b6933a929499\">only days after<\/a> the conference in Berlin made progress towards a more comprehensive truce, with world powers pledging to stop shipping arms into the country under the threat of UN sanctions.<\/p>\n<p>Stuff you can go to this week and next:<\/p>\n<ul>\n<li><strong>This year\u2019s <\/strong><strong><a href=\"http:\/\/bit.ly\/2RfsS9a\">Cairo International Book Fair<\/a><\/strong><strong> kicked off yesterday<\/strong> and runs through to Tuesday, 4 February at the New Cairo International Exhibition and Convention Center.<\/li>\n<li><strong>AmCham will host US Ambassador Jonathan Cohen <\/strong>for its monthly luncheon on Tuesday, 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 three-day <\/strong><strong><a href=\"http:\/\/cicapitalconferences.com\/\">MENA Investors Conference<\/a><\/strong> gets underway on Tuesday, 28 January at the Four Seasons Nile Plaza.<\/li>\n<li><strong>The British Embassy and IFC\u2019s <\/strong><strong><a href=\"https:\/\/bit.ly\/36fuynJ\">StartEgypt Forum 2020<\/a><\/strong> will pit 45 startups against each other in a pitch competition on Wednesday, 29 January at the Greek Campus.<\/li>\n<\/ul>\n<p><strong>PSA- There\u2019s rain in the forecast again:<\/strong> <a href=\"https:\/\/www.emaeg.org\/?lang=en\">The Egyptian Meteorological Authority<\/a> is forecasting rain over the coming four days, with daytime highs of around 15\u00b0C. Our favourite weather app sees suggests we\u2019re looking at a lower chance of rain and will have cold nights this weekend, with overnight lows of 6\u00b0C on Friday and 7\u00b0C on Saturday.<\/p>\n<p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/Trump-Davos2020-1600px.jpg?ssl=1\" alt=\"enterprise\" \/><\/p>\n<p><a id=\"tldr-story-07\" class=\"content-anchor\"><\/a> <strong>DAVOS WATCH- The global elite will continue to ponder how to very slowly make the world a better<\/strong> <strong>place today <\/strong>as the World Economic Forum enters its penultimate day in Davos, Switzerland. Scanning the global press this morning, you could be forgiven for thinking the forum had morphed into TrumpFest 2020, with the US president stealing headlines on everything from climate and trade to Boeing and Iraq.<\/p>\n<p><strong>Saying that, Trump was involved in what deservedly is becoming one of the biggest <\/strong><strong>stories of the summit: Digital Tax:<\/strong> In the space of two days the Trump administration has <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-01-20\/macron-trump-agree-no-tariffs-in-digital-tax-truce-through-2020?sref=mmeFTDW1&utm_source=newsletter&utm_medium=email&utm_campaign=newsletter_axiosmarkets&stream=business\">made up with France<\/a> and <a href=\"https:\/\/www.cnbc.com\/2020\/01\/22\/mnuchin-warns-uk-over-plan-to-tax-likes-of-facebook-amazon-and-google.html\">threatened the UK<\/a> with tariffs over attempts to impose a \u201cdigital tax\u201d on US multinational tech companies. \u201cIf people\u2026 arbitrarily put taxes on our digital companies, we will consider arbitrarily putting taxes on car companies,\u201d US Treasury Secretary Steve Mnuchin said at the forum yesterday, after the UK chancellor declared he would press ahead with the tax.<\/p>\n<p><strong>This is all part of what <\/strong><strong><a href=\"https:\/\/www.foreignaffairs.com\/articles\/united-states\/2020-01-17\/looming-tax-war\">Foreign Affairs<\/a><\/strong><strong> is describing as a \u201clooming tax war\u201d:<\/strong> For almost 100 years the international community has for the most part agreed on how multinationals should be taxed. But the growing cleavage between nations on how to ensure today\u2019s tech giants pay their fair share in tax threatens to upend this, <a href=\"https:\/\/www.law.georgetown.edu\/faculty\/itai-grinberg\/\">Itai Grinberg<\/a> writes. Negotiations are underway at the OECD to try and find an agreement between 135 countries on a new international consensus. If these fall through, the international tax system and the liberal order of things risks collapse, he writes.<\/p>\n<p><strong>Meanwhile: We\u2019re not doing too great on the latest Global Talent Competitiveness Index<\/strong>: Egypt fell one place to rank 97 out of 132 countries in the <a href=\"https:\/\/gtcistudy.com\/\">2020 Global Talent Competitiveness Index<\/a> released at the forum yesterday. Weighing down our ranking in particular was our score in the \u2018attract\u2019 category, which measures the degree of economic and social openness. Cairo, meanwhile, came second from bottom out of 155 cities, scoring poorly in all of the index\u2019s five categories. <strong>You can dive deeper into the country rankings <\/strong><strong><a href=\"https:\/\/gtcistudy.com\/the-gtci-index\/#gtci-rankings-table\">here<\/a><\/strong><strong> and the city rankings <\/strong><strong><a href=\"https:\/\/gtcistudy.com\/special-section-gctci\/#gtci-rankings-table\">here<\/a><\/strong><strong>.<\/strong><\/p>\n<p><strong>Al Mashat pitches Egypt investment to global execs: <\/strong>International Cooperation Minister Rania Al Mashat discussed plans to expand Uber\u2019s presence in Egypt with the ride-hailing company\u2019s Vice President Perry Dimitry and Uber\u2019s VP for public policy Justin Kentz, <a href=\"http:\/\/bit.ly\/2GasWB0\">according to a cabinet statement<\/a>. The Uber duo said that Egypt was the company\u2019s top market in Africa. The minister also discussed private sector funding with <strong>Citibank vice chairman<\/strong> for banking and capital markets, <strong>Jay Collins<\/strong>, and sustainable development with <strong>deputy head<\/strong> of the WEF\u2019s Center for Geopolitical and Regional Affairs, <strong>Mirek Dusek<\/strong>.<\/p>\n<p><strong>Qalaa Holdings signed up to the <\/strong><strong><a href=\"https:\/\/www.unglobalcompact.org\/take-action\/events\/climate-action-summit-2019\/business-ambition\">Business Ambition for 1.5\u00b0C<\/a><\/strong><strong> at the forum yesterday,<\/strong> the company <a href=\"https:\/\/ent.news\/2020\/1\/QH-NR-1.5-Campaign-EA-Final-4.pdf\">said in a statement (pdf)<\/a>. The campaign, unveiled by the UN at its climate conference in Madrid last year, is trying to persuade business leaders to commit to reducing emissions and limit the rise in global temperatures to 1.5\u00b0C.<\/p>\n<p>In other non-Trump news coming out of Switzerland:<\/p>\n<ul>\n<li><strong>Al Nowais to invest USD 500 mn in renewable energy:<\/strong> The Emirati energy giant plans to set up a fund to boost investments in renewable energy in the Middle East and Africa, Hussain Al Nowais said in an interview at the World Economic Forum in Davos, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-01-22\/u-a-e-s-al-nowais-plans-500-million-renewable-energy-fund\">according to Bloomberg.<\/a><\/li>\n<li><strong>The UK\u2019s Prince Charles unveiled a \u2018Sustainable Markets Initiative\u2019<\/strong> that aims to increase cooperation between the public and private sectors to cut carbon emissions, <a href=\"https:\/\/thehill.com\/changing-america\/sustainability\/infrastructure\/479412-prince-charles-launches-sustainability\">The Hill reported<\/a>.<\/li>\n<li><strong>BP isn\u2019t a fan of some of the climate proposals coming out of the US Democratic<\/strong><strong> Party: <\/strong>CEO Bob Dudley called Senator Bernie Sanders\u2019 plan to generate 100% of the country\u2019s energy from renewable sources \u201ccompletely unrealistic\u201d <a href=\"https:\/\/www.cnbc.com\/2020\/01\/22\/bp-ceo-hits-alexandria-ocasio-cortez-bernie-sanders-on-green-new-deal.html\">in an interview with CNBC<\/a>.<\/li>\n<li><strong>Get more creative about planning your futures, OECD tells teens:<\/strong> Career ambitions of teenagers are not changing in line with technological shifts, increasing the chances that their choice of job will be made obsolete by the machines, <a href=\"https:\/\/www.oecd.org\/education\/teenagers-career-expectations-narrowing-to-limited-range-of-jobs-oecd-pisa-report-finds.htm\">the OECD warns in a new report<\/a>.<\/li>\n<\/ul>\n<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>\n<p><strong>India\u2019s stagflation is spreading to other EMs:<\/strong> India is witnessing its sixth consecutive quarter of slowing economic growth, despite inflation speeding up for five quarters in a row, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-01-22\/india-s-painful-double-whammy-spreads-to-other-emerging-markets\">Bloomberg reports<\/a>. Other emerging economies, most of whom are in Asia, seem to be sharing what the site describes as a \u201cstagflationary path\u201d \u2014 an economic condition characterised by high inflation and low growth \u2014 thanks to the effects of the US-China trade war.<\/p>\n<p><strong>But Egypt is among the economies bucking the trend<\/strong>: Inflation is down 6.5% between 2019 and 2020 and GDP is up 0.2%.<\/p>\n<p>In international business miscellany:<\/p>\n<ul>\n<li><strong>Boeing could be borrowing north of USD 10 bn to bolster its finances as it <\/strong><strong>continues to feel the effects of the 737 Max crisis,<\/strong> <a href=\"https:\/\/www.cnbc.com\/2020\/01\/20\/737-max-crisis-boeing-seeks-to-borrow-10-billion-or-more.html?utm_source=newsletter&utm_medium=email&utm_campaign=newsletter_axiosmarkets&stream=business\">CNBC reports<\/a>, citing sources with knowledge of the matter. The company <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/18\/what-were-tracking-on-18-december-2019-8687\/\">suspended production<\/a> of the passenger jet last year after two fatal crashes.<\/li>\n<li><strong>Mitsubishi\u2019s subsidiary in Germany raided over potential fraud:<\/strong> The German authorities raided the German subsidiary of the Japanese Mitsubishi Motors, on allegations that it is using software to cheat emissions tests on some diesel-powered vehicles sold in Germany, <a href=\"https:\/\/www.wsj.com\/articles\/mitsubishi-offices-in-germany-raided-in-diesel-emissions-fraud-probe-11579622693?mod=lead_feature_below_a_pos1\">according to the Wall Street Journal.<\/a><\/li>\n<li><strong>Netflix is downplaying its US subscriber growth slowdown as it battles in<\/strong><strong> \u201cstreaming wars\u201d with competitors Disney and Apple<\/strong>, which launched rival services in November, <a href=\"https:\/\/www.ft.com\/content\/93f2b922-3c7f-11ea-a01a-bae547046735\">the Financial Times reports<\/a>. The streaming giant added only 420,000 domestic subscribers in 4Q2019 compared to the 1.5 mn it added in the same period a year ago.<\/li>\n<\/ul>\n<hr class=\"grey-line\" \/>\n<p><strong>Lebanon to decide on March Eurobond default next week:<\/strong> The new Lebanese government will decide next week whether it will repay its USD 1.2 bn Eurobond when it matures on 9 March, the country\u2019s Finance Minister Ghazi Wazni <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-01-22\/lebanon-s-maturing-debt-a-priority-says-new-finance-minister?srnd=premium-middle-east&sref=mmeFTDW1\">said yesterday<\/a>. This came a day after caretaker prime minister Hassan Diab <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f895b1b7-2aab-4573-a70d-434a33a7a8ec\">formed a new government<\/a>, ending almost three months of political gridlock. Bondholders are increasingly concerned that the government could fail to repay the 9 March bond, with investors pricing in a sovereign default at some point in the future.<\/p>\n<p><strong>China has ordered a soft quarantine of Wuhan in an attempt to contain the coronavirus<\/strong> after the death toll yesterday rose to 17, <a href=\"https:\/\/www.bbc.co.uk\/news\/world-asia-china-51215348\">the BBC reports<\/a>. Public transport in and out of the city is temporarily suspended during a week when mns of people are expected to travel for the New Year holiday. There have been 500 confirmed cases, but <a href=\"https:\/\/www.telegraph.co.uk\/news\/2020\/01\/22\/passengers-virus-hit-region-china-separated-heathrow\/\">some experts have warned<\/a> that as many as 4k in Wuhan may have contracted the virus.<\/p>\n<p><strong>House Democrats begin to lay out their case against The Donald:<\/strong> Lead House impeachment manager Adam Schiff yesterday accused President Trump of corruption \u201cto cheat\u201d his way to a second presidential term, <a href=\"https:\/\/www.nytimes.com\/2020\/01\/22\/us\/politics\/impeachment-case-trump.html\">the New York Times says<\/a>.<\/p>\n<p><strong>The prince and the post:<\/strong> The UN has called for further probes into claims that Saudi Crown Prince Mohamed bin Salman hacked Washington Post owner Jeff Bezos\u2019 phone in attempt to influence the paper\u2019s coverage, <a href=\"https:\/\/www.wsj.com\/articles\/u-n-experts-say-hacking-of-bezoss-phone-suggests-effort-to-influence-news-coverage-11579704647?mod=hp_lead_pos3\">the Wall Street Journal reports<\/a>.<\/p>\n<p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/11\/Making-It-Album-Cover-1600px.jpg?ssl=1\" alt=\"enterprise\" \/><\/p>\n<p><strong>Forget about stocks, art is your next investment:<\/strong> Our guest on today\u2019s episode of Making It is the founder of Egypt\u2019s largest contemporary art gallery housing over 9k artworks. She explains the ins and outs of how to value a piece of art and how investment is gaining popularity. Her main goal (aside from making a profit of course) is democratizing the art scene to cater to artists and audiences from all backgrounds. Look for the episode in your podcast feed and inbox early this afternoon \u2014 just in time for your drive home.<\/p>\n<p><strong>Meanwhile, you can listen our previous episode with Edita\u2019s CEO Hani Berzi (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\/al-nowais\/\">Al Nowais<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/algeria\/\">Algeria<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/apple\/\">Apple<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/chad\/\">Chad<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/citigroup\/\">Citigroup<\/a>\n                <!-- <span 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href=\"https:\/\/enterpriseam.com\/egypt\/tag\/equities\/\">equities<\/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\/goldman-sachs\/\">Goldman Sachs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/greece\/\">Greece<\/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\/mali\/\">Mali<\/a>\n                <!-- <span 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href=\"https:\/\/enterpriseam.com\/egypt\/tag\/technology\/\">technology<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tunisia\/\">Tunisia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/turkey\/\">Turkey<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/uber\/\">Uber<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us\/\">US<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-economic-forum\/\">World Economic Forum<\/a>\n                <!-- 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      <\/a>\r\n                    <span>Powering with nature<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-qo4dl30\" data-v=\"4\" data-block-id=\"qo4dl30\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-qo4dl30-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-qo4dl30-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240926.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.qalaaholdings.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img 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         class=\"\r\n                story-section            \"\r\n            id=\"567458\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/23\/last-nights-talk-shows-for-wednesday-22-january-2020\/\">\r\n                            Last night\u2019s talk shows for Wednesday 22 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 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      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+Wednesday+22+January+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F01%2F23%2Flast-nights-talk-shows-for-wednesday-22-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\/23\/last-nights-talk-shows-for-wednesday-22-january-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567458\" class=\"content-area-description single-story post-567458 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-enterprise-last-nights-talk-shows tag-enterpriseam tag-ethiopia tag-gerd tag-sudan wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>It was a slow night on the airwaves yesterday:<\/strong> Yahduth Fi Misr\u2019s Sherif Amer phoned cabinet spokesman Nader Saad who said that the cabinet made a \u201crevolutionary decision\u201d to approve the amendment to exempt the industrial manufacturers from paying property taxes on unused land <a href=\"https:\/\/www.youtube.com\/watch?v=rlEsUlfrFBw&feature=youtu.be\">(watch, runtime: 7:02)<\/a>. We have more on this in this morning\u2019s Speed Round below.<\/p>\n<p><strong>Apparently we\u2019re teaching the UK a thing or two about education:<\/strong> Min Masr\u2019s Amr Khalil interviewed Education Minister Tarek Shawky, who said that he met the UK education minister three times to review Egypt\u2019s system of electronic examinations, with the UK reportedly looking to learn a thing or two from our experience. Shawky said many countries had a positive impression about education development in Egypt <a href=\"https:\/\/www.youtube.com\/watch?v=1U6Zm3hfhY4\">(watch, runtime: 40:44)<\/a>.<\/p>\n<p><strong>The week wouldn\u2019t be complete without more GERD coverage:<\/strong> Al Hayah Al Youm\u2019s Lobna Assal highlighted President Abdel Fattah El Sisi\u2019s meeting with Prime Minister Mostafa Madbouly and Defense Minister Mohamed Zaki to discuss the progress of the Grand Ethiopian Renaissance Dam (GERD) talks. El Sisi directed them to keep working to safeguard Egypt's water rights for the benefit of present and future generations <a href=\"https:\/\/youtu.be\/ARZQD_6Xfpo\">(watch, runtime: 5:24)<\/a>. Masaa DMC\u2019s Eman El Hosary phoned Irrigation Ministry spokesman Mohamed Elsebay, who said that Egypt is keen on a sustainable and fair agreement for all parties, to guarantee the the rights of all countries <a href=\"https:\/\/youtu.be\/gUe9ERQ097c\">(watch, runtime: 5:26)<\/a>. Min Masr\u2019s Reham Ibrahim also had the story <a href=\"https:\/\/youtu.be\/KQ6vHJ4XkIU\">(watch, runtime: 3:00)<\/a>.<\/p>\n<p><strong>It\u2019s Cairo Book Fair season:<\/strong> Assal covered the opening of the 51st Cairo International Book Fair, whose slogan this year is \u2018Egypt Africa \u2026 The Culture of Diversity\u2019 <a href=\"https:\/\/youtu.be\/JPDBlAL3Twc\">(watch, runtime: 1:51)<\/a>. Yahduth Fi Misr (<a href=\"https:\/\/www.youtube.com\/watch?v=EAr_x_Notf4\">watch, runtime: 3:06<\/a>) and Min Masr (<a href=\"https:\/\/www.youtube.com\/watch?v=HuYQ1JJwY8g\">watch, runtime: 1:35<\/a>) also had coverage.<\/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\/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\/ethiopia\/\">Ethiopia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gerd\/\">GERD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"567459\" 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=\"567459\">\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\/23\/how-much-miners-will-be-paying-under-egypts-new-tax-rent-royalty-model\/\">\r\n                            How much miners will be paying under Egypt\u2019s new tax + rent + royalty 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\/23\/how-much-miners-will-be-paying-under-egypts-new-tax-rent-royalty-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\/23\/how-much-miners-will-be-paying-under-egypts-new-tax-rent-royalty-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\/23\/how-much-miners-will-be-paying-under-egypts-new-tax-rent-royalty-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=How much miners will be paying under Egypt\u2019s new tax + rent + royalty model&url=https:\/\/enterpriseam.com\/egypt\/2020\/01\/23\/how-much-miners-will-be-paying-under-egypts-new-tax-rent-royalty-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\/23\/how-much-miners-will-be-paying-under-egypts-new-tax-rent-royalty-model\/&title=How much miners will be paying under Egypt\u2019s new tax + rent + royalty 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=How+much+miners+will+be+paying+under+Egypt%E2%80%99s+new+tax+%2B+rent+%2B+royalty+model+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F01%2F23%2Fhow-much-miners-will-be-paying-under-egypts-new-tax-rent-royalty-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\/23\/how-much-miners-will-be-paying-under-egypts-new-tax-rent-royalty-model\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/681.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"567460\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/23\/how-much-miners-will-be-paying-under-egypts-new-tax-rent-royalty-model\/681-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/681.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"681.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/681.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/681.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567459\" class=\"content-area-description single-story post-567459 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round tag-enterpriseam tag-investment-watch tag-legislation tag-mineral-resources-act tag-mining tag-speed-round 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>Here\u2019s how much miners, quarriers will be paying under the new tax + rent + royalty <\/strong><strong>model: <\/strong>Private mine and quarry operators will pay out royalties of up to 10%, income tax of 22.5%, and EGP 25k a year per square km in concession rent under the amended Mineral Resources Act, <a href=\"https:\/\/bit.ly\/30L297z\">a government source told Al Mal<\/a>. The source gave the newspaper a rundown on the new rates, a week after Prime Minister Moustafa Madbouly <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3c6e281f-e87a-4b3a-8734-fd8eb3f67872\">issued the bill\u2019s executive regulations<\/a>. The new model will not be applied retroactively, and will only be valid for new concession agreements with investors.<\/p>\n<p><strong>The royalty rates will be applied to 10 types of minerals to compensate for extraction,<\/strong> and will vary depending on the material. According to the source those rates are as follows:<\/p>\n<ul>\n<li>Gold: 5%;<\/li>\n<li>Mica and Zinc: 6%;<\/li>\n<li>Feldspar: 6-8%;<\/li>\n<li>Magnesium, albite, and copper: 8%;<\/li>\n<li>Iron and potassium: 9%<\/li>\n<li>Phosphate: 10%<\/li>\n<\/ul>\n<p><strong>Industry players have lauded the legislation for making the sector more attractive to investors,<\/strong> in particular welcoming the move away from the production sharing model common in the oil and gas sector, which saw profits split between the investor and the Egyptian Mineral Resource Authority (see: <a href=\"https:\/\/enterprise.press\/stories\/2019\/10\/08\/investors-express-interest-in-egypts-mining-sector\/\">here<\/a>, <a href=\"https:\/\/enterprise.press\/stories\/2019\/05\/15\/canadas-aton-resources-looks-to-raise-cad-1-5-mn-to-fund-gold-exploration-in-egypt\/\">here<\/a>, <a href=\"https:\/\/enterprise.press\/stories\/2018\/11\/01\/top-miners-say-forthcoming-changes-to-mineral-resources-act-are-extremely-encouraging-could-unlock-tidal-wave-of-investment\/\">here<\/a>, and <a href=\"https:\/\/enterprise.press\/stories\/2018\/11\/11\/aton-praises-cabinet-approval-of-mineral-resources-act-amendments\/\">here<\/a>).<\/p>\n<p><strong>But we\u2019ll have to wait and see if it bears fruit: <\/strong>Al Mal\u2019s source expects investment in the sector to pick up as a result of the changes, which the government hopes will raise the sector\u2019s contribution to GDP to EGP 7 bn by the end of the decade. B\u2019naire investor Naguib Sawiris said <a href=\"https:\/\/enterprise.press\/stories\/2019\/09\/03\/naguib-is-waiting-on-the-mineral-resources-acts-exec-regs-before-deciding-on-gold-investments-in-egypt\/\">last September<\/a> he is considering investing in Egypt\u2019s gold and copper mining industry as a result of the changes and could do so after reviewing the details of the now-released executive regulations.<\/p>\n<p><strong>Background: <\/strong>The amended act was ratified by President Abdel Fattah El Sisi <a href=\"https:\/\/enterprise.press\/stories\/2019\/08\/14\/el-sisi-ratifies-mineral-resources-act-economic-court-act-amendments\/\">last August<\/a>. Besides introducing the new model, it stipulated that royalty payments cap at 20%, and introduced a minimum of 5%. It also outlined the responsibilities of a newly-established committee that will advise on the royalty rate for each raw material separately, as well as a new authority that will take the power to issue and control licenses away from governorates.<\/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\/investment-watch\/\">investment watch<\/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\/mineral-resources-act\/\">Mineral Resources Act<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mining\/\">mining<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"567475\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"567476\" 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=\"567476\">\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\/23\/egypt-in-the-news-on-23-january-2020\/\">\r\n                            Egypt in the News on 23 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 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class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+in+the+News+on+23+January+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F01%2F23%2Fegypt-in-the-news-on-23-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\/23\/egypt-in-the-news-on-23-january-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567476\" class=\"content-area-description single-story post-567476 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-cairo-international-book-fair tag-culture 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>The foreign press hasn\u2019t got much to say about Egypt this morning:<\/strong> The one article of note is brought to us by <a href=\"https:\/\/www.theguardian.com\/books\/2020\/jan\/22\/cairo-international-book-fair-turns-away-jailed-publishers-company\">the Guardian<\/a>, which reports that the Cairo International Book Fair has banned the imprisoned publisher Khaled Lotfy\u2019s company from the event due to \u201csecurity concerns.\u201d Lotfy was handed a five-year jail term last year for \u201cspreading rumors and revealing military secrets\u201d after he published a biography of Egyptian official Ashraf Marwan, who allegedly spied for Israel.<\/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\/cairo-international-book-fair\/\">Cairo International Book Fair<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/culture\/\">culture<\/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=\"567477\" 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=\"567477\">\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\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/23\/rockhopper-egypt-producing-3k-bbl-d-at-new-abu-sennan-well-ahead-of-united-acquisition\/\">\r\n                            Rockhopper Egypt producing 3k bbl\/d at new Abu Sennan well ahead of United acquisition                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div 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href=\"https:\/\/api.whatsapp.com\/send?text=Rockhopper+Egypt+producing+3k+bbl%2Fd+at+new+Abu+Sennan+well+ahead+of+United+acquisition+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F01%2F23%2Frockhopper-egypt-producing-3k-bbl-d-at-new-abu-sennan-well-ahead-of-united-acquisition%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\/23\/rockhopper-egypt-producing-3k-bbl-d-at-new-abu-sennan-well-ahead-of-united-acquisition\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567477\" class=\"content-area-description single-story post-567477 post type-post status-publish format-standard hentry category-energy tag-energy tag-enterpriseam tag-oil-and-gas tag-united-oil-gas wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Rockhopper is \u201cconsistently\u201d producing 3k bbl\/d at its new well ASH-2 well in its Abu Sennan concession in the Western Desert, United Oil & Gas <a href=\"https:\/\/www.londonstockexchange.com\/exchange\/news\/market-news\/market-news-detail\/UOG\/14392974.html\">said in a filing<\/a> to the London Stock Exchange. United Oil, which will soon acquire Rockhopper Egypt\u2019s 22% non-operating stake in the field as part of its <a href=\"https:\/\/enterprise.press\/stories\/2019\/10\/08\/united-oil-gas-acquisition-of-rockhopper-egypt-on-track-to-close-by-4q2019\/\">USD 16 mn purchase<\/a> of its Egypt portfolio, said the results confirm the asset\u2019s \u201cconsiderable upside potential.\u201d A deed of acquisition, signed by Rockhopper on 9 January, is currently with the EGPC pending final approval, the filing notes.<\/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\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/oil-and-gas\/\">oil and gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/united-oil-gas\/\">United Oil &amp; Gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"567479\" 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=\"567479\">\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\">Health + Education<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/23\/10-italian-universities-propose-european-university-complex-in-the-new-capital\/\">\r\n                            10 Italian universities propose European university complex in the new capital                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/23\/10-italian-universities-propose-european-university-complex-in-the-new-capital\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2020\/01\/23\/10-italian-universities-propose-european-university-complex-in-the-new-capital\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2020\/01\/23\/10-italian-universities-propose-european-university-complex-in-the-new-capital\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=10 Italian universities propose European university complex in the new capital&url=https:\/\/enterpriseam.com\/egypt\/2020\/01\/23\/10-italian-universities-propose-european-university-complex-in-the-new-capital\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2020\/01\/23\/10-italian-universities-propose-european-university-complex-in-the-new-capital\/&title=10 Italian universities propose European university complex in the new capital\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=10+Italian+universities+propose+European+university+complex+in+the+new+capital+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F01%2F23%2F10-italian-universities-propose-european-university-complex-in-the-new-capital%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/23\/10-italian-universities-propose-european-university-complex-in-the-new-capital\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567479\" class=\"content-area-description single-story post-567479 post type-post status-publish format-standard hentry category-health-education tag-education tag-enterpriseam tag-germany tag-health-education tag-italy tag-new-administrative-capital wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The Higher Education Ministry is studying an offer from 10 Italian universities to build a European university complex in the new administrative capital, which could open within two years if approved, minister Khaled Abdel Ghaffar said, <a href=\"https:\/\/bit.ly\/2NRO7fv\">according to Al Mal.<\/a> A German university is already being constructed in the new capital.<\/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\/germany\/\">Germany<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/health-education\/\">Health + Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/italy\/\">Italy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/new-administrative-capital\/\">new administrative capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"567480\" 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=\"567480\">\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\">Tourism<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/23\/orascom-investments-pyramids-renovation-project-to-open-by-4q2020\/\">\r\n                            Orascom Investment\u2019s pyramids renovation project to open by 4Q2020                        <\/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\/23\/orascom-investments-pyramids-renovation-project-to-open-by-4q2020\/\" 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\/23\/orascom-investments-pyramids-renovation-project-to-open-by-4q2020\/')\">\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\/23\/orascom-investments-pyramids-renovation-project-to-open-by-4q2020\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Orascom Investment\u2019s pyramids renovation project to open by 4Q2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/01\/23\/orascom-investments-pyramids-renovation-project-to-open-by-4q2020\/\">\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\/23\/orascom-investments-pyramids-renovation-project-to-open-by-4q2020\/&title=Orascom Investment\u2019s pyramids renovation project to open by 4Q2020\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Orascom+Investment%E2%80%99s+pyramids+renovation+project+to+open+by+4Q2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F01%2F23%2Forascom-investments-pyramids-renovation-project-to-open-by-4q2020%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\/23\/orascom-investments-pyramids-renovation-project-to-open-by-4q2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567480\" class=\"content-area-description single-story post-567480 post type-post status-publish format-standard hentry category-tourism tag-enterpriseam tag-orascom-construction tag-tourism tag-transport wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Orascom Investment Holding has reportedly completed its EGP 500 mn Pyramids renovation project, which will be fully operational by 4Q2020, <a href=\"https:\/\/bit.ly\/3aCM1cP\">according to Al Mal<\/a>. Orascom\u2019s contracting responsibilities for the project issued by the Antiquities Ministry include the operation of the visitor center, the provision of guiding material and organizing events at the archaeological site. The project was originally slated to open in the <a href=\"https:\/\/enterprise.press\/stories\/2019\/09\/01\/pyramids-renovation-project-is-set-to-open-1q-2020\/\">first quarter of this year<\/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\/orascom-construction\/\">Orascom Construction<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/transport\/\">transport<\/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=\"567481\" 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=\"567481\">\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\">Telecoms + ICT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/23\/honeywell-etisalat-to-develop-city-management-system-for-egypts-new-capital\/\">\r\n                            Honeywell, Etisalat to develop city management system for Egypt\u2019s new capital                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/23\/honeywell-etisalat-to-develop-city-management-system-for-egypts-new-capital\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2020\/01\/23\/honeywell-etisalat-to-develop-city-management-system-for-egypts-new-capital\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2020\/01\/23\/honeywell-etisalat-to-develop-city-management-system-for-egypts-new-capital\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Honeywell, Etisalat to develop city management system for Egypt\u2019s new capital&url=https:\/\/enterpriseam.com\/egypt\/2020\/01\/23\/honeywell-etisalat-to-develop-city-management-system-for-egypts-new-capital\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2020\/01\/23\/honeywell-etisalat-to-develop-city-management-system-for-egypts-new-capital\/&title=Honeywell, Etisalat to develop city management system for Egypt\u2019s new capital\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Honeywell%2C+Etisalat+to+develop+city+management+system+for+Egypt%E2%80%99s+new+capital+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F01%2F23%2Fhoneywell-etisalat-to-develop-city-management-system-for-egypts-new-capital%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/23\/honeywell-etisalat-to-develop-city-management-system-for-egypts-new-capital\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567481\" class=\"content-area-description single-story post-567481 post type-post status-publish format-standard hentry category-telecoms-ict tag-enterpriseam tag-etisalat tag-honeywell tag-ict tag-internet-of-things tag-new-administrative-capital tag-telecoms-ict wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The New Administrative Capital Company for Urban Development (NACCUD) signed a contract with US-based Honeywell and Etisalat Misr to develop a city management system for the new capital, <a href=\"https:\/\/www.constructionweekonline.com\/products-and-services\/262108-honeywell-etisalat-misr-acud-to-deploy-tech-at-egypts-smart-city\">according to Construction Week Online<\/a>. Honeywell will provide \u2018Internet of Things\u2019 software and hardware or a city operations center platform that \u201cwill include data analytics, a city-wide management dashboard, a smart city services citizen engagement portal, and mobile application capabilities.\u201d The value of the agreement was not disclosed. NACCUD has been signing several agreements to outfit the new capital with smart technology, including a <a href=\"https:\/\/ent.news\/2020\/1\/E-Orange-and-New-Administrative-Capital-final.pdf\">USD 135 mn contract (pdf)<\/a> with Orange Egypt to establish, operate and manage the city\u2019s data center.<\/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\/etisalat\/\">Etisalat<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/honeywell\/\">Honeywell<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ict\/\">ICT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/internet-of-things\/\">internet of things<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/new-administrative-capital\/\">new administrative capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/telecoms-ict\/\">Telecoms + ICT<\/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=\"567482\" 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=\"567482\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">Egypt Politics + Economics<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/23\/court-orders-interior-ministry-inquiry-into-the-whereabouts-of-disappeared-former-mp\/\">\r\n                            Court orders Interior Ministry inquiry into the whereabouts of disappeared former MP                        <\/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\/23\/court-orders-interior-ministry-inquiry-into-the-whereabouts-of-disappeared-former-mp\/\" 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\/23\/court-orders-interior-ministry-inquiry-into-the-whereabouts-of-disappeared-former-mp\/')\">\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\/23\/court-orders-interior-ministry-inquiry-into-the-whereabouts-of-disappeared-former-mp\/\">\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=Court orders Interior Ministry inquiry into the whereabouts of disappeared former MP&url=https:\/\/enterpriseam.com\/egypt\/2020\/01\/23\/court-orders-interior-ministry-inquiry-into-the-whereabouts-of-disappeared-former-mp\/\">\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\/23\/court-orders-interior-ministry-inquiry-into-the-whereabouts-of-disappeared-former-mp\/&title=Court orders Interior Ministry inquiry into the whereabouts of disappeared former MP\">\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=Court+orders+Interior+Ministry+inquiry+into+the+whereabouts+of+disappeared+former+MP+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F01%2F23%2Fcourt-orders-interior-ministry-inquiry-into-the-whereabouts-of-disappeared-former-mp%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\/23\/court-orders-interior-ministry-inquiry-into-the-whereabouts-of-disappeared-former-mp\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567482\" class=\"content-area-description single-story post-567482 post type-post status-publish format-standard hentry category-egypt-politics-economics tag-egypt-politics-economics tag-enterpriseam tag-interior-ministry tag-law wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>A Cairo administrative court formally ordered the Interior Ministry launch an inquiry Tuesday into the precise location of missing former House Rep. Mostafa El-Naggar, reports <a href=\"https:\/\/www.thenews.com.pk\/print\/602168-egypt-court-orders-minister-to-reveal-missing-ex-mp-s-location\">AFP<\/a>. Naggar has reportedly been missing since September 2018 and his family alleges he is in state custody. The State Information Service <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/313658\/Egypt\/Politics-\/Former-MP-Mostafa-ElNaggar-not-forcedly-disappeare.aspx\">previously denied<\/a> this claim along with any knowledge of his whereabouts.<\/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\/egypt-politics-economics\/\">Egypt Politics + Economics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/interior-ministry\/\">Interior Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/law\/\">law<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"567484\" 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=\"567484\">\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\">Sports<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/23\/egypt-to-face-gabon-libya-and-angola-in-its-trek-to-world-cup-2022\/\">\r\n                            Egypt to face Gabon, Libya, and Angola in its trek to World Cup 2022                        <\/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\/23\/egypt-to-face-gabon-libya-and-angola-in-its-trek-to-world-cup-2022\/\" 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\/23\/egypt-to-face-gabon-libya-and-angola-in-its-trek-to-world-cup-2022\/')\">\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\/23\/egypt-to-face-gabon-libya-and-angola-in-its-trek-to-world-cup-2022\/\">\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 face Gabon, Libya, and Angola in its trek to World Cup 2022&url=https:\/\/enterpriseam.com\/egypt\/2020\/01\/23\/egypt-to-face-gabon-libya-and-angola-in-its-trek-to-world-cup-2022\/\">\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\/23\/egypt-to-face-gabon-libya-and-angola-in-its-trek-to-world-cup-2022\/&title=Egypt to face Gabon, Libya, and Angola in its trek to World Cup 2022\">\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+face+Gabon%2C+Libya%2C+and+Angola+in+its+trek+to+World+Cup+2022+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F01%2F23%2Fegypt-to-face-gabon-libya-and-angola-in-its-trek-to-world-cup-2022%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\/23\/egypt-to-face-gabon-libya-and-angola-in-its-trek-to-world-cup-2022\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567484\" class=\"content-area-description single-story post-567484 post type-post status-publish format-standard hentry category-_newspack_sports tag-africa tag-angola tag-enterpriseam tag-libya tag-mohamed-salah tag-qatar tag-sports tag-world-cup wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Egypt drew matches with Gabon, Libya, and Angola in <a href=\"https:\/\/www.fifa.com\/worldcup\/news\/africa-s-dreamers-learn-paths-on-road-to-qatar-2022\">FIFA\u2019s draw<\/a> for the 2022 World Cup qualifiers. The first games will take place in October.<\/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\/angola\/\">Angola<\/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\/mohamed-salah\/\">Mohamed Salah<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/qatar\/\">Qatar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sports\/\">sports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-cup\/\">World Cup<\/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=\"567485\" 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=\"567485\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">My Morning Routine<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/23\/my-morning-routine-ahmed-ata-general-manager-of-saudi-egyptian-industrial-investment\/\">\r\n                            My Morning Routine: Ahmed Ata, general manager of Saudi Egyptian Industrial Investment                        <\/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\/23\/my-morning-routine-ahmed-ata-general-manager-of-saudi-egyptian-industrial-investment\/\" 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\/23\/my-morning-routine-ahmed-ata-general-manager-of-saudi-egyptian-industrial-investment\/')\">\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\/23\/my-morning-routine-ahmed-ata-general-manager-of-saudi-egyptian-industrial-investment\/\">\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=My Morning Routine: Ahmed Ata, general manager of Saudi Egyptian Industrial Investment&url=https:\/\/enterpriseam.com\/egypt\/2020\/01\/23\/my-morning-routine-ahmed-ata-general-manager-of-saudi-egyptian-industrial-investment\/\">\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\/23\/my-morning-routine-ahmed-ata-general-manager-of-saudi-egyptian-industrial-investment\/&title=My Morning Routine: Ahmed Ata, general manager of Saudi Egyptian Industrial Investment\">\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=My+Morning+Routine%3A+Ahmed+Ata%2C+general+manager+of+Saudi+Egyptian+Industrial+Investment+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F01%2F23%2Fmy-morning-routine-ahmed-ata-general-manager-of-saudi-egyptian-industrial-investment%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\/23\/my-morning-routine-ahmed-ata-general-manager-of-saudi-egyptian-industrial-investment\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/684.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"567486\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/23\/my-morning-routine-ahmed-ata-general-manager-of-saudi-egyptian-industrial-investment\/684-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/684.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"684.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/684.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/684.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567485\" class=\"content-area-description single-story post-567485 post type-post status-publish format-standard has-post-thumbnail hentry category-my-morning-routine tag-enterpriseam tag-industry tag-my-morning-routine tag-private-equity tag-saudi-egyptian-industrial-investment wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>Ahmed Ata, general manager of Saudi Egyptian Industrial Investment:<\/strong> My Morning Routine looks each week at how a successful member of the community starts their day \u2014 and then throws in a couple of random business questions just for fun. Speaking to us this week is Ahmed Ata (<a href=\"https:\/\/www.linkedin.com\/in\/ahmad-ata-mba-4a445a29?originalSubdomain=eg\">LinkedIn<\/a>), general manager at <a href=\"http:\/\/seii.com.eg\/\">Saudi Egyptian Industrial Investment<\/a>.<\/p>\n<p><strong>My name is Ahmed Ata, I am the general manager of Saudi Egyptian Industrial Investment (SEII)<\/strong>, an investment management and private equity firm with a focus on in industrial and greenfield projects. I have worked in asset management for the past 20 years.<\/p>\n<p><strong>Mornings are my favorite time of the day. <\/strong>I enjoy the natural light and having some time to myself. I wake up around 6:30am to the noise of my lovely and exuberant daughters getting ready for school. I start the day with a cup of tea, checking my emails and WhatsApp and reading the paper. Then I go to the club for some morning exercise, usually walking or running.<\/p>\n<p><strong>I used to be a dedicated runner, participating in competitive runs of about 20km.<\/strong> This was around 10 years ago, however, and I haven\u2019t done a long run for a while. I do still enjoy competing with my younger friends on a regular basis, and go for at least one run of 5-10km every week.<\/p>\n<p><strong>My daily commute is the best time to read Enterprise<\/strong>, along with a selection of other online news sources. I live an hour\u2019s drive from where I work, so I like to make the most of the time spent commuting.<\/p>\n<p><strong>The rest of the day is usually spent working with our investment team on forming strategies<\/strong>, following up on implementation, monitoring performance, looking for new openings, and planning exits.<\/p>\n<p><strong>When it comes to reading I am really fond of history and biographies.<\/strong> Lately I read three books by historian Yuval Noah Harari: <a href=\"https:\/\/www.amazon.co.uk\/Sapiens-Humankind-Yuval-Noah-Harari\/dp\/1846558239\">Sapiens: A Brief History of Mankind<\/a>, <a href=\"https:\/\/www.amazon.co.uk\/Homo-Deus-Brief-History-Tomorrow\/dp\/1784703931\/ref=sr_1_1?crid=YCXZ0EX0SC9H&keywords=yuval+noah+harari&qid=1576578233&s=books&sprefix=yuval+%2Cstripbooks%2C219&sr=1-1\">Homo Deus: A Brief History of Tomorrow<\/a>, and <a href=\"https:\/\/www.amazon.co.uk\/Lessons-21st-Century-Yuval-Harari\/dp\/1784708283\/ref=sr_1_3?crid=YCXZ0EX0SC9H&keywords=yuval+noah+harari&qid=1576578233&s=books&sprefix=yuval+%2Cstripbooks%2C219&sr=1-3\">21 lessons for the 21st Century<\/a>.<\/p>\n<p><strong>SEII was established in 1975 by the Egyptian and Saudi governments<\/strong>, and each holds a 50% stake. The company invests in Egypt and has complete financial and executive independence. We invest in promising industrial companies in the growth phase, and greenfield projects with plans either to export or fill an import gap in the Egyptian market.<\/p>\n<p><strong>I\u2019m very proud of the work we do at SEII, and some exits and investments in particular really stand out:<\/strong> In 2017, SEII increased its stake in October Pharma to 27% from 21% for USD 1.5 mn. In 2018, we sold our share in Alex Carbon Black for USD 18 mn, and snapped up 38% of FarcoMake for medical supplies for USD 2 mn. And in September 2019, SEII purchased 10% from Arab Cotton Ginning at USD 2.5 mn.<\/p>\n<p><strong>We currently have two exciting investment prospects<\/strong> in energy and pharma, which are expected to close within 1Q2020.<\/p>\n<p><strong>Holidays are for adventure, rather than relaxation.<\/strong> My wife and I dream of traveling the world, so we visit a different country every year and spend our time exploring as much as possible. My favorite country so far is the UK: I love London and see it as being the capital of the world. There\u2019s so much diversity and heritage: You can find anything there, from beautiful gardens and palaces to culture and excellent food.<\/p>\n<p><strong>Calendars, highlighters and sticky notes are my three best friends when it comes to staying organized.<\/strong> I also make sure that I set reminders on my phone for all meetings and deadlines so that I don\u2019t forget anything. I also have a great team that helps me stay on track the entire time.<\/p>\n<p><strong>If I could choose anyone to sit down with for coffee and a chat, it would be Ahmed Zewail and Mohamed El Erian. <\/strong>They have both had such a profound impact on the world and are inspirational to me personally. When I was younger, I admired scientists more than any other group, and Zewail winning his Nobel Prize is one of the most vivid memories of my youth.<\/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\/industry\/\">industry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/my-morning-routine\/\">MY MORNING ROUTINE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/private-equity\/\">private equity<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/saudi-egyptian-industrial-investment\/\">Saudi-Egyptian Industrial Investment<\/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=\"567487\" 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=\"567487\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/23\/the-market-yesterday-12\/\">\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\/23\/the-market-yesterday-12\/\" 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\/23\/the-market-yesterday-12\/')\">\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\/23\/the-market-yesterday-12\/\">\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\/23\/the-market-yesterday-12\/\">\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\/23\/the-market-yesterday-12\/&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%2F23%2Fthe-market-yesterday-12%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\/23\/the-market-yesterday-12\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567487\" class=\"content-area-description single-story post-567487 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 15.73 | Sell 15.86<\/p>\n<p> <strong>EGP \/ USD at CIB:<\/strong> Buy 15.73 | Sell 15.83<br \/>\n <strong>EGP \/ USD at NBE: <\/strong>Buy 15.76 | Sell 15.86<\/p>\n<p><strong>EGX30<\/strong> (Wednesday): 13,752 (+0.8%)<br \/>\n <strong>Turnover:<\/strong> EGP 445 mn (32% below the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: -1.5%<\/p>\n<p><strong>THE MARKET ON WEDNESDAY:<\/strong> The EGX30 ended Wednesday\u2019s session up 0.8%. CIB, the index\u2019s heaviest constituent, ended up 1.1%. EGX30\u2019s top performing constituents were KIMA up 3.2%, Sidi Kerir Petrochemicals up 2.4%, and AMOC up 2.1%. Yesterday\u2019s worst performing stocks were Orascom Development Egypt down 1.8%, SODIC down 0.4% and Eastern Company down 0.1%. The market turnover was EGP 445 mn, and foreign investors were the sole net buyers.<\/p>\n<p><strong>Foreigners<\/strong>: Net long | EGP +78.7 mn<br \/>\n <strong>Regional<\/strong>: Net short | EGP -58.0 mn<br \/>\n <strong>Domestic<\/strong>: Net short | EGP -20.7 mn<\/p>\n<p><strong>Retail<\/strong>: 52.5% of total trades | 47.0% of buyers | 58.0% of sellers<br \/>\n <strong>Institutions<\/strong>: 47.5% of total trades | 53.0% of buyers | 42.0% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 56.08 (-3.9%)<br \/>\n <strong>Brent:<\/strong> USD 62.71 (-2.9%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 1.91 MMBtu, (+0.9%, February 2020 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,558.50 \/ troy ounce (+0.0%)<\/p>\n<p><strong>TASI:<\/strong> 8,428 (-0.2%) (YTD: +0.5%)<br \/>\n <strong>ADX:<\/strong> 5,234 (+1.0%) (YTD: +3.1%)<br \/>\n <strong>DFM:<\/strong> 2,848 (-0.2%) (YTD: +3.0%)<br \/>\n <strong>KSE Premier Market:<\/strong> 7,093 (-0.2%)<br \/>\n <strong>QE:<\/strong> 10,680 (-0.1%) (YTD: +2.5%)<br \/>\n <strong>MSM:<\/strong> 4,056 (-0.1%) (YTD: +1.9%)<br \/>\n <strong>BB: <\/strong>1,651 (+0.5%) (YTD: +2.6%)<\/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=\"567488\" 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\/23\/567488\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567488\" class=\"content-area-description single-story post-567488 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- 4 February: <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>29 January (Wednesday): <a href=\"https:\/\/www.facebook.com\/events\/522013725334507\/permalink\/522013732001173\/\">StartEgypt Forum 2020<\/a>, the Greek Campus, Downtown, Cairo<\/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>14-16 February (Friday-Sunday): A Euro-Mediterranean Organization for Economic and Development Cooperation delegation <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=22012020&id=b3a1f3df-a1cf-4b6e-853e-05c1e9e43111\">will visit Egypt<\/a> to discuss cooperating in the field of organic cotton and home textiles<\/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>20 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>3 March (Tuesday): Business Today\u2019s <a href=\"https:\/\/ent.news\/2020\/1\/BT100_Announcement-converted.pdf\">bt100 awards ceremony<\/a>, Cairo.<\/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>7 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>14 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>25 June (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>12 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>24 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":567455,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-567454","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"392f2c39-a8e6-43d4-b5a2-31f0f21c4c71","teaser":"","photo_url":"https:\/\/ent.news\/2020\/1\/220.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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