{"id":567542,"date":"2020-01-27T04:00:00","date_gmt":"2020-01-27T04:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=567542"},"modified":"2025-12-16T05:58:37","modified_gmt":"2025-12-16T05:58:37","slug":"banque-du-caire-on-track-to-ipo-in-1h2020","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/banque-du-caire-on-track-to-ipo-in-1h2020\/","title":{"rendered":"Banque du Caire on track to IPO in 1H2020"},"content":{"rendered":"<section id=\"567544\" 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=\"567544\">\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\/27\/what-were-tracking-on-27-january-2020\/\">\r\n                            What we\u2019re tracking on 27 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\/27\/what-were-tracking-on-27-january-2020\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The Finance Ministry is close to finalizing draft amendments that will settle whether capital gains tax will indeed be making a comeback. The fate of the 10% capital gains tax, which was shelved for three years in 2017 in favor of a provisional stamp tax, is still unclear. You can get a refresher on the <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/08\/capital-gains-tax-on-egx-trades-could-be-making-a-comeback-as-soon-as-this-month-7910\/\">proposals for its reintroduction here<\/a>.<\/p><p><strong>The final round of GERD talks get underway in Washington tomorrow.<\/strong> Egyptian, Ethiopian and Sudanese officials will gather in the US capital to hammer out a final agreement following last week\u2019s technical meetings in Khartoum, which <a href=\"https:\/\/www.theeastafrican.co.ke\/news\/africa\/Ethiopia-Sudan-and-egypt-inch-closer-to-deal-over-Nile-\/4552902-5430416-12eaylv\/index.html\">the Sudanese Irrigation Minister has said<\/a> produced a draft agreement with some \u201cconvergence\u201d between the three sides.<\/p><p><strong>Gov\u2019t to announce winner of Sixth of October dry port tender next week? <\/strong>A source in the Transport Ministry <a href=\"https:\/\/alborsaanews.com\/2020\/01\/26\/1289221\">told the local press yesterday<\/a> that the ministry will hold a meeting at the beginning of February to announce the winning coalition in the tender to construct and operate the Sixth of October dry port. Two consortia are competing for the tender: one comprising India\u2019s Concord, Malaysia\u2019s PSA, and Hassan Allam, and another made up of Schenker Egypt, 3A International, and Elsewedy Electric.<\/p><p><strong><a href=\"https:\/\/www.fawaterk.com\/en\/\">Egypt\u2019s Fawaterk<\/a><\/strong><strong> is among ten startups to have been selected for the third edition of the<\/strong> <strong><a href=\"https:\/\/www.startupbootcamp.org\/accelerator\/fintech-dubai\/\">Startupbootcamp FinTech Dubai accelerator<\/a><\/strong>, which provides support from a global network of entrepreneurs, investors and industry corporations, as well as USD 17k in funding, <a href=\"https:\/\/disrupt-africa.com\/2020\/01\/sa-egyptian-fintech-startups-selected-for-startupbootcamp-accelerator-in-dubai\/\">Disrupt Africa reports<\/a>. The Dubai accelerator has the backing of several large financial institutions and will conclude with a demo day in April. Fawaterk, an online invoicing and payments service, is a graduate of Pharos\u2019 Pride Capital \/ Startupbootcamp\u2019s <a href=\"https:\/\/www.startupbootcamp.org\/accelerator\/fintech-cairo\/\">Fintech Cairo<\/a>accelerator program.<\/p><p><strong>Stuff you can go to this week:<\/strong><\/p><ul>\n<li><strong>AmCham will host US Ambassador Jonathan Cohen <\/strong>for its monthly luncheon tomorrow. 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 tomorrow 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<li><strong>This year\u2019s <\/strong><strong><a href=\"http:\/\/bit.ly\/2RfsS9a\">Cairo International Book Fair<\/a><\/strong> runs through to Tuesday, 4 February at the New Cairo International Exhibition and Convention Center.<\/li>\n<\/ul><p><strong>News triggers <\/strong>to keep your eye on with the new month approaching:<\/p><ul>\n<li><strong>The purchasing managers\u2019 index for Egypt<\/strong>, Saudi Arabia and the UAE is due out on Tuesday, 4 February at 6:15am CLT.<\/li>\n<li><strong>Foreign reserves figures for January <\/strong>will be released on Tuesday, 4 February.<\/li>\n<li><strong>Inflation figures for January <\/strong>are out Monday, 10 February.<\/li>\n<\/ul><p><strong>EGP W<\/strong><strong>ATCH-<\/strong> The EGP resumed its surge against the greenback yesterday, reaching new 35-month highs of EGP 15.71\/USD. The currency has now gained 29 piasters since it began appreciating on 8 January when it was trading at exactly EGP 16.00\/USD.<\/p><p class=\"web-image\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-01-26\/emerging-markets-on-edge-as-viral-outbreak-spreads-from-china?sref=mmeFTDW1\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/Coronavirus-EMs-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p><p><strong>Coronavirus fears snuff out EM rally:<\/strong> The seven-week rally in emerging-market equities, bonds and currencies came to an end last week as concerns grew among investors that the coronavirus outbreak in China may develop into a SARS-esque pandemic, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-01-26\/emerging-markets-on-edge-as-viral-outbreak-spreads-from-china?sref=mmeFTDW1\">Bloomberg says<\/a>. The MSCI EM equities and currency indices both fell back during last week, while the JPMorgan EM bonds ETF also lost ground. \u201cThe Wuhan coronavirus outbreak has the potential to whipsaw Chinese equities and, indeed, all global risk assets,\u201d said Seema Shah, chief strategist at Principal Global Investors. \u201cWith valuations elevated, asset classes are already vulnerable to shifts in sentiment, and memories of the meaningful economic impact of SARS has the potential to play havoc with market confidence.\u201d<\/p><p><strong>Middle East equities caught in the crossfire:<\/strong> Stock markets in the Middle East fell at the start of the trading week as worries grew about the spread of the virus, with Saudi taking the biggest hit among GCC countries, closing down 0.7%.<\/p><p><strong>Meanwhile, in China...:<\/strong> The Chinese government has banned all wildlife trade nationwide and all outgoing overseas group tours in a bid to curb the spread of the coronavirus, which has so far left 56 dead, <a href=\"https:\/\/www.reuters.com\/article\/us-china-health-wildlife\/china-bans-wildlife-trade-nationwide-due-to-coronavirus-outbreak-idUSKBN1ZP07Y\">according to Reuters<\/a>. Yet, Chinese officials are urging people to calm down, <a href=\"https:\/\/www.wsj.com\/articles\/china-urges-calm-over-virus-during-critical-period-11580045718?mod=hp_lead_pos1\">according to the Wall Street Journal.<\/a> Over five million people have already fled Wuhan, the province where the deadly virus was traced to, particularly a seafood market that was illegally selling wildlife. Egypt\u2019s Health Ministry distributed guidelines on handling the virus on Saturday to prevent it from spreading in the country, <a href=\"https:\/\/www.egyptindependent.com\/egypts-ministry-of-health-gives-instructions-on-dealing-with-coronavirus\/\">according to Al Masry Al Youm<\/a>.<\/p><p class=\"web-image stand-out-borderless\"><a href=\"http:\/\/somabay.com\/\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/Miss-Germany-Web-1.jpg?ssl=1\" alt=\"enterprise\"><\/a>From 30 January to 6 February, Miss Germany returns to Somabay for the official Miss Germany Camp 2020. The candidates will enjoy all that Somabay has to offer \u2013 sea &amp; beach, water sports, spa, golf and delicious culinary treats. The Miss Germany Camp is hosted at The Lodge by The Cascades Golf Resort, Spa &amp; Thalasso introducing the candidates at a glittering evening event on 31 January.<\/p><p><strong>Hedge funds deliver best returns in a decade but still fail to match equities:<\/strong> Investors withdrew USD 43 bn from hedge funds last year even though the industry delivered its best annual performance for a decade, <a href=\"https:\/\/www.ft.com\/content\/55b193a3-2806-4271-9a21-9fe8703d599c\">the Financial Times reports<\/a>. Hedge funds returned 10.4% after fees in 2019, well below the 31.5% return posted by the S&amp;P 500 and the 16.6% return delivered by 50\/50 global equity bond index. Years of underperformance by hedge funds since the 2007-08 financial crisis have prompted institutional investors to pull capital from the industry, the FT says.<\/p><p><strong>Is the Fed winding down its repo intervention?<\/strong> The Federal Reserve Bank of New York injected another USD 74.2 bn of temporary liquidity into the money markets on Thursday, <a href=\"https:\/\/www.wsj.com\/articles\/fed-repos-add-74-2-billion-but-net-liquidity-declines-modestly-11579793755\">reports the Wall Street Journal<\/a>. Despite this, the amount of liquidity dropped by USD 10 bn to USD 176.1 bn as past operations expired. The Fed was expected to bring its repo intervention to a halt at the end of January but recently extended the program until the middle of February. The bank began supplying cash last September after surging short-term borrowing costs threatened to paralyse the interbank lending market. <strong>Need more info on the repo rate?<\/strong> <a href=\"https:\/\/enterprise.press\/stories\/2019\/10\/31\/us-economy-dodges-a-bullet-as-repo-rate-took-sharp-rises-this-month\/\">Read our primer<\/a>.<\/p><p><strong>Goldman sets diverse board representation as requirement to advise on IPOs:<\/strong> US investment bank Goldman Sachs said on Thursday it won\u2019t take on IPOs of European and North American companies without at least one board director who is not a straight, white male, <a href=\"https:\/\/www.axios.com\/newsletters\/axios-pro-rata-04864688-333c-412e-bcbc-c97714b5aeea.html?chunk=0#story0\">according to Axios<\/a>. Some 60 companies have gone public in the past two years with entirely non-diverse boards, despite studies showing that more diverse leadership leads to better company performance, according to the bank\u2019s CEO David Solomon.<\/p><p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/Kobe-Bryant-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/p><p><strong>US basketball legend Kobe Bryant dies, 41, in helicopter crash:<\/strong> Bryant and his 11 year-old daughter were among five people killed yesterday when their private helicopter crashed in Calabasas, California. The retired star was widely recognized as one of the greatest players of all time, having won the NBA five times and the Olympic gold twice over his 20-year career. <a href=\"https:\/\/www.nytimes.com\/2020\/01\/26\/sports\/basketball\/kobe-bryant-dead.html\">The New York Times has live updates here<\/a>.<\/p><p><strong>Libya ceasefire all but over as clashes erupt in Misrata:<\/strong> Officials from Libya\u2019s rival factions yesterday reported renewed clashes in Misrata, a strategic city to the east of Tripoli, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-01-26\/un-says-blatant-violations-of-libya-arms-embargo-continue?sref=mmeFTDW1\">according to the Associated Press<\/a>. The fighting came hours after the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3b1bb474-e4e0-475c-99f0-4960dfa81432\">UN accused a number of countries of breaking the arms embargo<\/a> agreed at last week\u2019s conference in Berlin.<\/p><p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/11\/CIRA-Blackboard-Banner-B.jpg?ssl=1\" alt=\"enterprise\"><\/p><p><strong>*** It\u2019s Blackboard day:<\/strong> We have our weekly look at the <strong>business of education<\/strong> in Egypt, from pre-K through the highest reaches of higher ed. <strong>Blackboard appears every Monday<\/strong> in Enterprise in the place of our traditional industry news roundups.<\/p><p><strong>In today\u2019s issue:<\/strong> We reveal how the Higher Education Ministry plans to implement a central UCAS-style admissions system for private and nonprofit universities.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ethiopia\/\">Ethiopia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gerd\/\">GERD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hedge-funds\/\">hedge funds<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mohamed-salah\/\">Mohamed Salah<\/a>\n                <!-- <span 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data-block-id=\"a24be0i\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-a24be0i-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-a24be0i-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240926.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.qalaaholdings.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/110691.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Driving growth<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-left\" class=\"svg-inline--fa fa-chevron-left\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M34.52 239.03L228.87 44.69c9.37-9.37 24.57-9.37 33.94 0l22.67 22.67c9.36 9.36 9.37 24.52.04 33.9L131.49 256l154.02 154.75c9.34 9.38 9.32 24.54-.04 33.9l-22.67 22.67c-9.37 9.37-24.57 9.37-33.94 0L34.52 272.97c-9.37-9.37-9.37-24.57 0-33.94z\"><\/path><\/svg><\/button><button class=\"stk-block-carousel__button stk-block-carousel__button__next\" aria-label=\"Next slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-right\" class=\"svg-inline--fa fa-chevron-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M285.476 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Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/27\/last-nights-talk-shows-for-sunday-26-january-2020\/\">\r\n                            Last night\u2019s talk shows for Sunday 26 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\/27\/last-nights-talk-shows-for-sunday-26-january-2020\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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href=\"https:\/\/x.com\/intent\/post?text=Last night\u2019s talk shows for Sunday 26 January 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/01\/27\/last-nights-talk-shows-for-sunday-26-january-2020\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2020\/01\/27\/last-nights-talk-shows-for-sunday-26-january-2020\/&title=Last night\u2019s talk shows for Sunday 26 January 2020\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Last+night%E2%80%99s+talk+shows+for+Sunday+26+January+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F01%2F27%2Flast-nights-talk-shows-for-sunday-26-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\/27\/last-nights-talk-shows-for-sunday-26-january-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567546\" class=\"content-area-description single-story post-567546 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-china tag-covid-19 tag-currencies tag-diplomacy tag-egp tag-enterprise-last-nights-talk-shows tag-enterpriseam tag-ethiopia tag-gerd tag-health tag-politics tag-sudan tag-us wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>It was a mixed bag of nuts on the airwaves last night, with the virus outbreak in China <\/strong><strong>taking center stage:<\/strong> Al Hayah Al Youm\u2019s Lobna Assal called Egypt\u2019s Ambassador to Beijing, Mohamed El-Badry, who confirmed that Egyptian expats in China have not yet reported any infected cases, noting that 350 Egyptians live in Wuhan <a href=\"https:\/\/www.youtube.com\/watch?v=5SUFfmUxk0M&feature=youtu.be\">(watch, runtime: 13:52).<\/a> Al Kahera Alaan\u2019s Lamees El Hadidi dug a bit deeper and called a couple of Egyptians who live in China and have sought evacuation. She then phoned Foreign Minister Spokesman Ahmed Hafez who confirmed that the embassy communicated with the Chinese authorities in Wuhan and the capital Beijing to help the Egyptian community in light of the restrictions imposed on the city <a href=\"https:\/\/www.youtube.com\/watch?v=0y8gDGQQoDc\">(watch, runtime: 12:50)<\/a>.<\/p>\n<p><strong>This week\u2019s GERD talks in Washington also got a mention:<\/strong> Assal highlighted Foreign Minister Sameh Shoukry's visit to Washington to participate in the crunch GERD talks with Sudan and Ethiopia <a href=\"https:\/\/youtu.be\/nCluHI9DTg8\">(watch, runtime: 0:55).<\/a><\/p>\n<p><strong>Al Hayah Al Youm is keeping an eye on the EGP:<\/strong> Fakhry El Feky, professor of economics at Cairo University, told Al Hayah Al Youm\u2019s Lobna Assal that the appreciation of the EGP against the greenback is due to the government\u2019s economic reform program. The supply of foreign currency has increased as a result of the rebound in the tourism sector and increasing exports, which has allowed the government to relax FX restrictions, he said <a href=\"https:\/\/youtu.be\/lZqFO-DvlVA\">(watch, runtime: 6:04)<\/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\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/currencies\/\">currencies<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egp\/\">EGP<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-last-nights-talk-shows\/\">Enterprise+: Last Night\u2019s Talk Shows<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/health\/\">health<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/politics\/\">politics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sudan\/\">Sudan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us\/\">US<\/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=\"567547\" 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=\"567547\">\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\/27\/bdc-on-track-for-1h2020-ipo-following-successful-inaugural-roadshow\/\">\r\n                            BdC on track for 1H2020 IPO following successful inaugural roadshow                        <\/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\/27\/bdc-on-track-for-1h2020-ipo-following-successful-inaugural-roadshow\/\" 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\/27\/bdc-on-track-for-1h2020-ipo-following-successful-inaugural-roadshow\/')\">\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\/27\/bdc-on-track-for-1h2020-ipo-following-successful-inaugural-roadshow\/\">\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=BdC on track for 1H2020 IPO following successful inaugural roadshow&url=https:\/\/enterpriseam.com\/egypt\/2020\/01\/27\/bdc-on-track-for-1h2020-ipo-following-successful-inaugural-roadshow\/\">\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\/27\/bdc-on-track-for-1h2020-ipo-following-successful-inaugural-roadshow\/&title=BdC on track for 1H2020 IPO following successful inaugural roadshow\">\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=BdC+on+track+for+1H2020+IPO+following+successful+inaugural+roadshow+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F01%2F27%2Fbdc-on-track-for-1h2020-ipo-following-successful-inaugural-roadshow%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\/27\/bdc-on-track-for-1h2020-ipo-following-successful-inaugural-roadshow\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/701.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"567548\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/27\/bdc-on-track-for-1h2020-ipo-following-successful-inaugural-roadshow\/701-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/701.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"701.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/701.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/701.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567547\" class=\"content-area-description single-story post-567547 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round tag-banque-du-caire tag-e-finance tag-enterpriseam tag-ipo-watch 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>PRIVATIZATION WATCH- BdC on track for 1H2020 IPO following successful<\/strong><strong> inaugural roadshow:<\/strong> The <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/297580fc-6d2c-4d91-8adb-86b762f7f15a\">first leg of the government\u2019s roadshow<\/a> for Banque du Caire\u2019s (BdC) upcoming IPO saw \u201clarge\u201d investor appetite for the bank\u2019s EGX debut from major investment funds in London, Dubai and Abu Dhabi, <a href=\"https:\/\/bit.ly\/37uNhNp\">Hapi Journal<\/a> reports, citing informed sources. Officials are currently gearing up for the second leg of the roadshow, which will gauge investor demand in New York and Boston next month.<\/p>\n<p><strong>The state-owned bank\u2019s IPO could go to market by the end of 1Q2020 or the beginning of 2Q2020<\/strong>, the sources say. This is in line with previous statements from Central Bank of Egypt Governor Tarek Amer and Banque du Caire Chairman Tarek Fayed, who <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/23\/egypt-to-see-no-privatization-in-january-says-finance-minister-8914\/\">said last month<\/a> that BdC plans to IPO in 1Q2020 (market conditions permitting).<\/p>\n<p><strong>Background:<\/strong> BdC appears to be ready to be the first state-owned company to IPO under the state privatization program, and will likely be followed by payments platform e-Finance. The program, which <a href=\"https:\/\/enterprise.press\/stories\/2018\/08\/30\/banque-du-caire-ipo-on-track-for-1q2019-bank-to-float-30-of-shares\/\">the government first announced back in 2018<\/a>, includes eight companies expected to IPO. BdC\u2019s IPO is expected to include a primary offering and to see the state simultaneously offload part of its equity stake in a secondary sale.<\/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\/banque-du-caire\/\">Banque du Caire<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/e-finance\/\">e-finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ipo-watch\/\">IPO watch<\/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=\"567572\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"567573\" 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=\"567573\">\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\/27\/egypt-in-the-news-on-27-january-2020\/\">\r\n                            Egypt in the News on 27 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\/27\/egypt-in-the-news-on-27-january-2020\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2020\/01\/27\/egypt-in-the-news-on-27-january-2020\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2020\/01\/27\/egypt-in-the-news-on-27-january-2020\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt in the News on 27 January 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/01\/27\/egypt-in-the-news-on-27-january-2020\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2020\/01\/27\/egypt-in-the-news-on-27-january-2020\/&title=Egypt in the News on 27 January 2020\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+in+the+News+on+27+January+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F01%2F27%2Fegypt-in-the-news-on-27-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\/27\/egypt-in-the-news-on-27-january-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567573\" class=\"content-area-description single-story post-567573 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-aviation tag-cairo-international-book-fair tag-culture tag-egypt-in-the-news tag-enterpriseam tag-netherlands wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>It\u2019s a very quiet morning in the foreign press:<\/strong> <a href=\"https:\/\/apnews.com\/ca2dcd4b55ef61b9d99fb15b9b46937e\">The Associated Press<\/a> reports that authorities at Cairo Airport arrested a Dutch passenger for possessing illicit substances, while <a href=\"http:\/\/www.xinhuanet.com\/english\/2020-01\/25\/c_138731947.htm\">Xinhua<\/a> has a piece on the Cairo International Book Fair.<\/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\/aviation\/\">aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/netherlands\/\">Netherlands<\/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=\"567577\" 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=\"567577\">\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\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/27\/the-market-yesterday-14\/\">\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\/27\/the-market-yesterday-14\/\" 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\/27\/the-market-yesterday-14\/')\">\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\/27\/the-market-yesterday-14\/\">\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\/27\/the-market-yesterday-14\/\">\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\/27\/the-market-yesterday-14\/&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%2F27%2Fthe-market-yesterday-14%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\/27\/the-market-yesterday-14\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567577\" class=\"content-area-description single-story post-567577 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 15.71 | Sell 15.84<\/p>\n<p> <strong>EGP \/ USD at CIB:<\/strong> Buy 15.73 | Sell 15.83<br \/>\n <strong>EGP \/ USD at NBE: <\/strong>Buy 15.75 | Sell 15.85<\/p>\n<p><strong>EGX30<\/strong> (Sunday): 13,721 (-0.1%)<br \/>\n <strong>Turnover:<\/strong> EGP 276 mn (57% below the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: -1.7%<\/p>\n<p><strong>THE MARKET ON SUNDAY:<\/strong> The EGX30 ended Sunday\u2019s session down 0.1%. CIB, the index\u2019s heaviest constituent, ended down 0.1%. EGX30\u2019s top performing constituents were Egyptian Iron & Steel up 5.0%, Kima up 2.5%, and Credit Agricole up 1.9%. Yesterday\u2019s worst performing stocks were Cleopatra Hospital down 1.7%, Telecom Egypt down 1.4% and SODIC down 1.3%. The market turnover was EGP 276 mn, and regional investors were the sole net buyers.<\/p>\n<p><strong>Foreigners<\/strong>: Net short | EGP -13.6 mn<br \/>\n <strong>Regional<\/strong>: Net long | EGP +14.8 mn<br \/>\n <strong>Domestic<\/strong>: Net short | EGP -1.2 mn<\/p>\n<p><strong>Retail<\/strong>: 71.7% of total trades | 73.2% of buyers | 70.3% of sellers<br \/>\n <strong>Institutions<\/strong>: 28.3% of total trades | 26.8% of buyers | 29.7% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 54.19 (-2.5%)<\/p>\n<p><strong>Brent:<\/strong> USD 60.69 (-2.2%)<\/p>\n<p><strong>Natural Gas:<\/strong> (Nymex, futures prices) USD 1.89 MMBtu, (-1.7%, February 2020 contract)<\/p>\n<p><strong>Gold:<\/strong> USD 1,578.20 \/ troy ounce (+0.4%)<\/p>\n<p><strong>TASI:<\/strong> 8,326 (-0.7%) (YTD: -0.7%)<br \/>\n <strong>ADX:<\/strong> 5,230 (-0.3%) (YTD: +3.0%)<br \/>\n <strong>DFM:<\/strong> 2,821 (-0.6%) (YTD: +2.1%)<br \/>\n <strong>KSE Premier Market:<\/strong> 7,068 (-0.5%)<br \/>\n <strong>QE:<\/strong> 10,581 (-0.4%) (YTD: +1.5%)<br \/>\n <strong>MSM:<\/strong> 4,081 (+0.3%) (YTD: +2.5%)<br \/>\n <strong>BB: <\/strong>1,649 (-0.3%) (YTD: +2.4%)<\/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=\"567578\" 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\/27\/567578\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567578\" class=\"content-area-description single-story post-567578 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>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>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>2 February (Sunday): Cairo Economic Court will issue its verdict on <a href=\"https:\/\/almalnews.com\/%d8%aa%d8%a3%d8%ac%d9%8a%d9%84-%d9%86%d8%b8%d8%b1-%d8%aa%d8%b8%d9%84%d9%85%d8%a7%d8%aa-%d8%a3%d8%b2%d9%85%d8%a9-%d8%b4%d8%b1%d8%a7%d8%a1-%d8%a3%d8%b3%d9%87%d9%85-%d8%a3%d9%85%d8%b1%d9%8a%d9%83\/\">two Americana Egypt lawsuit<\/a>, one looking into minority shareholder's lawsuit against Fincorp Investment Holding as Adeptio AD Investments' financial advisor for its mandatory tender offer (MTO) for Americana Egypt and the other is concerned with 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>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>23-26 May (Saturday-Tuesday): Eid El Fitr (TBC).<\/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":567543,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-567542","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"7dd95c6d-c4a4-4992-bb6a-828f299701a4","teaser":"","photo_url":"https:\/\/ent.news\/2020\/1\/255.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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