{"id":567589,"date":"2020-12-01T03:59:35","date_gmt":"2020-12-01T03:59:35","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=567589"},"modified":"2025-12-16T05:59:41","modified_gmt":"2025-12-16T05:59:41","slug":"we-could-see-a-vaccine-rolling-out-in-1q2021","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/we-could-see-a-vaccine-rolling-out-in-1q2021\/","title":{"rendered":"We could see a vaccine rolling out in 1Q2021"},"content":{"rendered":"<section id=\"567591\" 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=\"567591\">\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\/12\/01\/what-were-tracking-on-1-december-2020\/\">\r\n                            What we\u2019re tracking on 1 December 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\/12\/01\/what-were-tracking-on-1-december-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\/12\/01\/what-were-tracking-on-1-december-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\/12\/01\/what-were-tracking-on-1-december-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=What we\u2019re tracking on 1 December 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/01\/what-were-tracking-on-1-december-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\/12\/01\/what-were-tracking-on-1-december-2020\/&title=What we\u2019re tracking on 1 December 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=What+we%E2%80%99re+tracking+on+1+December+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F01%2Fwhat-were-tracking-on-1-december-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\/12\/01\/what-were-tracking-on-1-december-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567591\" class=\"content-area-description single-story post-567591 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-abdel-fattah-el-sisi tag-benjamin-netanyahu tag-building-code tag-enterpriseam tag-housing-ministry tag-israel tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Welcome to the month of December, friends. <\/strong>Longtime readers know we get maudlin as year-end approaches, and little makes us sappier than our gratitude to all of you for choosing to start your morning with Enterprise. <strong>Thank you<\/strong> for this \u2014 and to all of you who have taken the time to write in with nice comments about our new look.<\/p>\n<p><strong>TODAY\u2019S BIG STORY is the rollout of covid vaccines here and around the world <\/strong>as we look across the chasm to a post-corona world.<\/p>\n<p><strong>December is the big month in developed economies: <\/strong>The UK looks like it\u2019s rolling out a jab on 7 December, followed by the US on 10 December and Germany by mid-month, the <a href=\"https:\/\/www.ft.com\/content\/093d5005-ea9f-4c87-8db3-bae0e93d5102\">Financial Times<\/a> writes. Canada, meanwhile, could start the process in January. The news comes as Moderna <a href=\"https:\/\/investors.modernatx.com\/news-releases\/news-release-details\/moderna-announces-primary-efficacy-analysis-phase-3-cove-study\">seeks approvals<\/a> in the US and European Union for its vaccine. But the New York Times warns: <a href=\"https:\/\/www.nytimes.com\/2020\/11\/30\/health\/coronavirus-vaccines-treatments.html\">It is darkest before dawn.<\/a><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>Here at home, we can expect a vaccine to start rolling out in the first quarter of 2021<\/strong>, Hossam Hosni, head of the Health Ministry\u2019s covid-19 committee, told El Hekaya\u2019s Amr Adib last night. <strong>Hosni didn\u2019t specify which shot(s) would roll out first<\/strong>, but said Egypt wont buy anything that doesn\u2019t have a proven safety profile (watch, runtime: <a href=\"https:\/\/www.youtube.com\/watch?v=Y_Sb3OwkaeY\">3:46<\/a> | <a href=\"https:\/\/www.youtube.com\/watch?v=FKypzHEq1fo\">0:58<\/a>). Finance Minister Mohamed Maait confirmed last night that the government has still not settled on which vaccine(s) it plans to purchase <a href=\"https:\/\/www.youtube.com\/watch?v=8E_FgWKc4Qc\">(watch, runtime: 8:42)<\/a>.<\/p>\n<p><strong>We expect officials to try a two-pronged approach:<\/strong> import a bolus of shots to get things started and to land the rights to manufacture at state-owned Vacsera, one of the continent\u2019s largest vaccine makers. <strong>At-risk people will have first dibs on the vaccine<\/strong>, Hosni said.<\/p>\n<p><strong>Which shots are most effective? <\/strong>Pfizer \/ BioNTech lead the pack at 95%, followed by Moderna at 94%, Sputnik V (92%) and AstraZeneca (90%). China\u2019s entry seems to have fallen by the wayside after not reporting a success rate. <strong>These success rates are wildly above what scientists had hoped for <\/strong>in the early days of the pandemic, when they said a shot with that was 50% effective would be good enough.<\/p>\n<hr class=\"grey-line\">\n<p><strong>YOUR MORNING DISTRACTION- <\/strong>We meant to flag this last week, but got distracted. Go read <strong><a href=\"https:\/\/www.newyorker.com\/magazine\/2020\/11\/30\/how-venture-capitalists-are-deforming-capitalism\">How venture capitalists are deforming capitalism<\/a><\/strong> in the New Yorker, which is driving US VCs bonkers. <strong>Reminder: <\/strong>As our friends Tarek Assaad and Karim Hussein at Algebra Ventures <a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/investing-in-digital-disruption-how-algebra-ventures\/id1487974619?i=1000476653535\">discussed with us on Making It<\/a>, venture capital in emerging markets is an entirely different (and much more constructive) game than it is in the west.<\/p>\n<p><strong>Four-day workweeks are a thing again<\/strong>, this time as Unilever says it\u2019s <a href=\"https:\/\/www.reuters.com\/article\/unilever-newzealand\/unilever-to-try-out-four-day-working-week-in-new-zealand-idUSL1N2IG2DF\">piloting the idea in New<\/a><a href=\"https:\/\/www.reuters.com\/article\/unilever-newzealand\/unilever-to-try-out-four-day-working-week-in-new-zealand-idUSL1N2IG2DF\">Zealand<\/a>. Perpetual Guardian in NZ has already gotten <a href=\"https:\/\/fortune.com\/2019\/02\/20\/four-day-work-week-research-benefits\/\">plenty of ink<\/a> for championing the idea, having found staff were \u201cmore stimulated, empowered and committed after switching \u2026 to a four-day, 30-hour work week.\u201d Stress went down, and sense of work-life balance went up.<\/p>\n<p><center><\/p>\n<table width=\"98%\" border=\"0\" cellpadding=\"0\" cellspacing=\"0\" style=\"border-spacing:0;border-collapse:collapse;mso-table-lspace:0;mso-table-rspace:0;\" >\n<tr>\n<td align=\"center\" style=\"padding-bottom:20px;padding-top:20px;border-collapse:collapse;mso-table-lspace:0;mso-table-rspace:0;\" >\n<table border=\"0\" align=\"center\" cellpadding=\"0\" cellspacing=\"0\" style=\"border-spacing:0;border-collapse:collapse;mso-table-lspace:0;mso-table-rspace:0;\" >\n<tbody>\n<tr>\n<td align=\"center\" style=\"border-collapse:collapse;mso-table-lspace:0;mso-table-rspace:0;\" >\n<table border=\"0\" cellpadding=\"0\" cellspacing=\"0\" style=\"width:220px;border-spacing:0;border-collapse:collapse;mso-table-lspace:0;mso-table-rspace:0;\" >\n<tr>\n<td align=\"center\" class=\"button1\" style=\"border-collapse:collapse;mso-table-lspace:0;mso-table-rspace:0;background-color:#299a0b;-moz-border-radius:4px;-webkit-border-radius:4px;border-radius:4px;word-break:break-word;word-wrap:break-word;\" >\n<p>                                        <a href=\"egypt\/en\/user\/NewsLetters\" style=\"display:block;border-width:1px;padding-top:10px;padding-bottom:10px;padding-right:10px;padding-left:10px;font-family:Arial, sans-serif;font-size:14px;color:#ffffff;font-weight:bold;line-height:16px;text-decoration:none;text-align:center;background-color:#299a0b;background-image:none;background-repeat:repeat;background-position:top left;background-attachment:scroll;border-style:solid;border-color:#299a0b;-moz-border-radius:4px;-webkit-border-radius:4px;border-radius:4px;\" >Subscribe to Enterprise<\/a><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/table>\n<p><\/center><\/p>\n<p><strong>HEADING INTO DECEMBER<\/strong><strong>-<\/strong><strong> Egypt could be receiving a bn USD Christmas gift courtesy of the IMF.<\/strong> That\u2019s according to Finance Minister Mohamed Maait, who said yesterday that the fund should disburse the second tranche of the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/21258759-15a5-4f32-bd15-b6710a8f13f6\">USD 5.2 bn standby loan<\/a> worth USD 1.6 bn at the end of this month.<\/p>\n<p><strong>Israeli Prime Minister Benjamin Netanyahu will make his first official visit to Egypt in <\/strong><strong><a href=\"https:\/\/mfa.gov.il\/mfa\/pressroom\/2011\/pages\/pm_netanyahu_meets_egyptian_president_mubarak_6-jan-2011.aspx\">almost a decade<\/a><\/strong><strong> in the coming weeks<\/strong> to discuss economic ties, reports <a href=\"https:\/\/www.jpost.com\/israel-news\/netanyahu-is-preparing-for-an-official-visit-to-egypt-report-650663\">the Jerusalem Post<\/a>. Netanyahu\u2019s Egypt visit comes as Israel thaws tensions with Arab countries through normalization agreements <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/dfb18dec-16bd-40b5-8126-320a9b9e422d\">with UAE and Bahrain<\/a>, as well as the spectre of a similar <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5518de71-1085-47cf-9f4d-e3168805bf84\">agreement with Saudi Arabia<\/a>.<\/p>\n<p><strong>The domestic press expects another round of trade talks with<\/strong><strong> the US of A<\/strong> and a meeting of the Egypt-Iraq higher committee as the two countries continue to draw closer. The <strong>CBE will next review interest rates<\/strong> on Christmas Eve.<\/p>\n<p>Other key dates for your diary this month:<\/p>\n<ul>\n<li><strong>PMI:<\/strong> November\u2019s purchasing managers\u2019 index figures will drop this Thursday.<\/li>\n<li><strong>Foreign reserves figures<\/strong> for November should be out early next week.<\/li>\n<li><strong>Inflation data<\/strong> for November will be released on Thursday, 10 December.<\/li>\n<\/ul>\n<p class='web-image' ><a href='https:\/\/www.bloomberg.com\/news\/articles\/2020-11-30\/-it-s-been-amazing-november-s-record-breaking-moves-in-charts?srnd=premium-middle-east&sref=mmeFTDW1'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/Global-stocks-November2020-1600px.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\n<p><strong>MARKET WATCH-<\/strong><strong> Global stocks had one of their best months ever in November<\/strong> as a constant stream of positive vaccine news, the election of Joe Biden and easy monetary policy had investors piling into stocks. Seeing the biggest gains since 1988, this was the month that the stock rally began to broaden beyond Big Tech to include sectors previously battered by the pandemic, such as energy and industrial firms. The rally coincided with <a href=\"https:\/\/www.reuters.com\/article\/us-global-forex\/dollar-plumbs-two-year-low-as-fed-comes-in-to-focus-idUSKBN28A01N\">a 2.5% drop in the<\/a><a href=\"https:\/\/www.reuters.com\/article\/us-global-forex\/dollar-plumbs-two-year-low-as-fed-comes-in-to-focus-idUSKBN28A01N\">USD<\/a>, its biggest monthly decline since July against other currencies. <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-11-30\/-it-s-been-amazing-november-s-record-breaking-moves-in-charts?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg<\/a> tracks the month in graphs.<\/p>\n<p><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>The Egypt Economic Summit will take place tomorrow <\/strong>at the St. Regis Hotel in Cairo. You can learn more about the event <a href=\"https:\/\/bit.ly\/2KRRVid\">here<\/a>.<\/p>\n<p><strong>It\u2019s a big weekend coming up for art lovers:<\/strong> The Cairo Art Fair kicks off on Friday and runs through 31 January. Tap \/ click here for <strong><a href=\"https:\/\/ent.news\/2020\/12\/CAF_VI-Press-Release.pdf\">full details and a list of participating artists<\/a><\/strong><strong>.<\/strong><\/p>\n<p><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/benjamin-netanyahu\/\">Benjamin Netanyahu<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/building-code\/\">building code<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/housing-ministry\/\">Housing Ministry<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-today\/\">What We&#039;re Tracking Today<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"567592\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"567592\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/01\/567592\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567592\" class=\"content-area-description single-story post-567592 post type-post status-publish format-standard hentry category-uncategorized wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class=\"web-image\"><a href=\"https:\/\/somabay.com\/\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/11\/SOMA-ENTERPRISE-SPA1600px-1.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"567593\" 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=\"567593\">\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\">IPO<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/01\/taqa-arabia-the-latest-ipo-to-lose-steam-thanks-to-covid\/\">\r\n                            TAQA Arabia the latest IPO to lose steam thanks to covid                        <\/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\/12\/01\/taqa-arabia-the-latest-ipo-to-lose-steam-thanks-to-covid\/\" 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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Qalaa had <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4a06003a-fb7d-4497-88e2-b51769b5b617\">reportedly planned<\/a> to list 30-40% of its portfolio company in the first half of 2020. The company had reached a valuation and wrapped up all procedures necessary for the sale prior to the pandemic, but now has to conduct a new fair value study and revisit the size of the stake to list on the EGX, the sources say. Qalaa had tapped EFG Hermes and HSBC to manage the IPO, and Grant Thornton to take care of the fair value report.<\/p>\n<p><strong>If TAQA is mothballed for now, it also means we\u2019re unlikely to see ARC list.<\/strong> Pre-pandemic, Qalaa had planned to list the parent company of its Egyptian Refining Company (ERC) in 4Q2020, with bulge-bracket fixtures JPMorgan, Citigroup and Goldman Sachs vying for the mandate alongside EFG Hermes, HSBC and Renaissance Capital. That was before the turmoil that swept EM \u2014 and the collapse of oil prices into negative territory. ERC\u2019s profitability is tightly linked to global oil prices.<\/p>\n<p><strong>The EGX has only seen one IPO since the beginning of the year \u2014 and none since the<\/strong><strong> pandemic took hold<\/strong> thanks to a downturn in trading and a decrease in the number of stocks listed on global benchmarks. Small cap real estate investment firm Emerald had debuted <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4d5a7b89-b30d-4b3e-8eee-8d1954cd5d27\">in February<\/a>, but many other planned listings \u2014 including <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/73e68855-c8b6-40b1-a34f-a562b93f8ea0\">Banque du Caire<\/a>, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e5fe0d80-d23b-4f30-b0cc-8aa46f60fff9\">E-Finance<\/a> and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f767246d-c9cd-45bf-bb2b-fc0ee5c26dcd\">Nile Air<\/a> \u2014 have been postponed.<\/p>\n<p><strong>Who\u2019s going to break the dry spell? <\/strong>LSE-listed consumer healthcare company <a href=\"https:\/\/www.idhcorp.com\/\">Integrated<\/a><a href=\"https:\/\/www.idhcorp.com\/\">Diagnostics Holdings (IDH)<\/a> could end the dry spell, announcing earlier this month it <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b3e0aca1-37f1-4794-a796-f7d4f4bfc486\">is considering<\/a> a dual listing of ordinary shares on the EGX. And CI Capital is reportedly <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cf2fc0fc-7c69-4a48-8bee-bb893803334d\">mulling the listing in 1Q2021<\/a> of c. 40% of Taaleem, its education management business, which runs the country\u2019s largest private-sector medical school, among other things.<\/p>\n<p><strong>State-affiliated football club Ghazl El Mahalla\u2019s planned listing<\/strong><strong> is moving forward<\/strong>, with the Public Enterprises Ministry planning to select an investment bank to quarterback the transaction within the next few days, Minister Hisham Tawfik tells <a href=\"https:\/\/bit.ly\/37m3Xrn\">Masrawy<\/a>. The ministry is planning to list around 66% of the joint-stock company it set up <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0f5d0471-dee4-4414-90f4-098e7257f873\">earlier this year<\/a> to take the sports club public, Tawfik said.<\/p>\n<p><strong>Did someone say Banque du Caire?<\/strong> The state-owned bank has submitted a request to halve the book value of its shares from EGP 4 to EGP 2, <a href=\"https:\/\/bit.ly\/39nU53c\">Hapi Journal<\/a> reports, citing an EGX disclosure. This will mean that the bank\u2019s EGP 5.25 bn in share capital is now distributed over c. 2.63 bn shares instead of c. 1.31 bn.<\/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\/efg-hermes\/\">EFG Hermes<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/grant-thornton\/\">Grant Thornton<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hsbc\/\">HSBC<\/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\/taqa-arabia\/\">TAQA Arabia<\/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=\"567595\" 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=\"567595\">\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\">Infrastructure<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/01\/bechtel-in-pole-position-to-snag-master-contract-for-cairo-metro-line-six\/\">\r\n                            Bechtel in pole position to snag master contract for Cairo Metro Line Six                        <\/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\/12\/01\/bechtel-in-pole-position-to-snag-master-contract-for-cairo-metro-line-six\/\" 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\/12\/01\/bechtel-in-pole-position-to-snag-master-contract-for-cairo-metro-line-six\/')\">\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\/12\/01\/bechtel-in-pole-position-to-snag-master-contract-for-cairo-metro-line-six\/\">\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=Bechtel in pole position to snag master contract for Cairo Metro Line Six&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/01\/bechtel-in-pole-position-to-snag-master-contract-for-cairo-metro-line-six\/\">\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\/12\/01\/bechtel-in-pole-position-to-snag-master-contract-for-cairo-metro-line-six\/&title=Bechtel in pole position to snag master contract for Cairo Metro Line Six\">\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=Bechtel+in+pole+position+to+snag+master+contract+for+Cairo+Metro+Line+Six+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F01%2Fbechtel-in-pole-position-to-snag-master-contract-for-cairo-metro-line-six%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\/12\/01\/bechtel-in-pole-position-to-snag-master-contract-for-cairo-metro-line-six\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/16.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"567596\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/01\/bechtel-in-pole-position-to-snag-master-contract-for-cairo-metro-line-six\/16-jpg-13\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/16.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"16.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/16.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/16.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567595\" class=\"content-area-description single-story post-567595 post type-post status-publish format-standard has-post-thumbnail hentry category-infrastructure tag-bechtel tag-enterpriseam tag-infrastructure tag-kamel-el-wazir tag-transport wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>Bechtel looks set to land the master contract for Cairo\u2019s sixth Metro line<\/strong>, Transport Minister Kamel El Wazir said yesterday at an AmCham event, according to a report by <a href=\"https:\/\/www.reuters.com\/article\/idUSL8N2IG77T\">Reuters\u2019<\/a> Patrick Werr.<\/p>\n<p><strong>On the fast track: <\/strong>El Wazir said his ministry is \u201cworking on a memorandum of understanding with Bechtel for feasibility studies and implementation of the USD 5 bn, 30 km sixth metro line\u201d and that \u201cjust yesterday \u2026 we reached near-agreement. We told them to submit a written offer. If we reach agreement we will begin working at once and expedite all the contracts and agreements.\u201d<\/p>\n<p><strong>Financing for the new Metro line is already in place<\/strong> from Canada, the US, Britain, France and Japan, Reuters quotes El Wazir as saying. Our take: Look for this to be coming from export credit agencies angling to ensure their countries\u2019 companies get a piece of the action; Export Development Canada and similar agencies in Russia and Hungary have all recently provided finance to the rail industry.<\/p>\n<p><strong>This is just the latest on a really long list of rail projects <\/strong>the government has unveiled in recent weeks, most of which the Sisi administration expects to wrap up by 2024, El Wazir suggested yesterday. Six major rail agreements were inked at an industry conference last week, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/aa812190-8b67-4c0d-ad95-776bd982a04b\">the Transport Ministry said<\/a>, and the Sovereign Fund of Egypt and SCZone are partnering with Orascom Construction, Samcrete, Hassan Allam Holding and Connect Information Technology in the new <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b53954d2-8ae2-4eb9-b5c3-ef082e747867\">National Egyptian Company for Railroad Industries (NERIC)<\/a>, which <strong>plans to invest as much as USD 10 bn in the sector <\/strong>\u201cover the next few years,\u201d <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b53954d2-8ae2-4eb9-b5c3-ef082e747867\">the Planning Ministry said.<\/a><\/p>\n<p><strong>Projects already underway or in the pipeline include <\/strong>a 19km first phase of Cairo Metro line four, a line linking Six October to the Nile, a multi-bn fast-rail line, at least two lines in Alexandria, and two monorail projects in Cairo. <strong>We had a <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fc00990a-fff9-4b3e-a398-4893843cdcda\">detailed rundown on plans to upgrade the nation\u2019s ailing rail network<\/a><\/strong> back in February, just before corona.<\/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\/bechtel\/\">Bechtel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/kamel-el-wazir\/\">Kamel El Wazir<\/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=\"567597\" 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=\"567597\">\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\">DEPT. OF THE OBVIOUS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/01\/the-pandemic-hasnt-been-kind-to-our-current-account\/\">\r\n                            The pandemic hasn\u2019t been kind to our current account                        <\/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\/12\/01\/the-pandemic-hasnt-been-kind-to-our-current-account\/\" 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\/12\/01\/the-pandemic-hasnt-been-kind-to-our-current-account\/')\">\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\/12\/01\/the-pandemic-hasnt-been-kind-to-our-current-account\/\">\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 pandemic hasn\u2019t been kind to our current account&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/01\/the-pandemic-hasnt-been-kind-to-our-current-account\/\">\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\/12\/01\/the-pandemic-hasnt-been-kind-to-our-current-account\/&title=The pandemic hasn\u2019t been kind to our current account\">\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+pandemic+hasn%E2%80%99t+been+kind+to+our+current+account+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F01%2Fthe-pandemic-hasnt-been-kind-to-our-current-account%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\/12\/01\/the-pandemic-hasnt-been-kind-to-our-current-account\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/17.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"567598\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/01\/the-pandemic-hasnt-been-kind-to-our-current-account\/17-jpg-15\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/17.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"17.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/17.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/17.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567597\" class=\"content-area-description single-story post-567597 post type-post status-publish format-standard has-post-thumbnail hentry category-dept-of-the-obvious tag-dept-of-the-obvious tag-economy tag-enterpriseam tag-fdi tag-suez-canal tag-tourism tag-trade wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>The pandemic hasn\u2019t been kind to Egypt\u2019s current account:<\/strong> Egypt\u2019s current account deficit more than tripled to USD 3.83 bn in 4Q FY2019-2020 from USD 1.09 bn the year before as the pandemic dealt a heavy blow to the country\u2019s sources of hard currency, according to <a href=\"https:\/\/www.reuters.com\/article\/idUSKBN28A2DO\">Reuters\u2019<\/a> calculations of <a href=\"https:\/\/ent.news\/2020\/11\/Press-Release-about-Balance-of-Payments-Performance-in-FY-2019-2020.pdf\">central bank figures (pdf)<\/a> released yesterday.<\/p>\n<p><strong>Tourism revenues nosedived. <\/strong>Revenues collapsed by more than 90% to just USD 305 mn, having brought in USD 3.18 bn in 4Q FY2018-2019. The industry came to a near standstill in the fourth quarter of the government\u2019s fiscal year as international flights were grounded to prevent the spread of the virus. The Tourism Ministry <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/208459ce-0af4-4af3-b83f-04a417b32cb8\">said last month<\/a> that the sector has brought in just USD 80-150 mn each month on average this year, a 85-92% drop from the USD 1 bn average last year.<\/p>\n<p><strong>Trade deficit widens despite hefty fall in imports:<\/strong> Falling exports resulted in the trade deficit widening to USD 8.41 bn from USD 8.29 bn during the quarter, even as imports dropped by 12% to USD 13.83 bn. Exports fell almost 30% y-o-y to USD 5.42 bn from USD 7.58 bn in 4Q FY2018-2019 thanks to the global economic slowdown.<\/p>\n<p><strong>Remittances slid during the quarter:<\/strong> Egyptian expats sent USD 6.21 bn back home during the three-month period, down 10% from the USD 6.94 bn in 4Q FY2018-2019. Many Egyptians are employed in Gulf Arab states, where oil revenues have declined.<\/p>\n<p><strong>Suez Canal revenues fell slightly <\/strong>to USD 1.34 bn from USD 1.46 bn in 4Q FY2018-2019, as the pandemic took its toll on global trade.<\/p>\n<p><strong>The capital account wasn\u2019t spared either: <\/strong>Net foreign direct investment (FDI) fell to USD 1.52 bn from USD 1.71 bn during the quarter, after being on the uptick in the first half of the year,<a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/46323487-044d-4f58-82cf-0f578cb64484\">increasing by nearly 20% to USD 5 bn<\/a>. Net portfolio investment tanked almost 80% to USD 636.8 mn from USD 3.18 bn the year before as investors scurried to pull their money out of emerging markets.<\/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\/dept-of-the-obvious\/\">DEPT. OF THE OBVIOUS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fdi\/\">FDI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/suez-canal\/\">Suez Canal<\/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\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"567599\" 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=\"567599\">\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\">RETAIL<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/01\/new-retail-hours-go-into-effect-today-and-woe-betide-shopowners-that-dont-comply\/\">\r\n                            New retail hours go into effect today \u2014 and woe betide shopowners that don\u2019t comply                        <\/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\/12\/01\/new-retail-hours-go-into-effect-today-and-woe-betide-shopowners-that-dont-comply\/\" 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\/12\/01\/new-retail-hours-go-into-effect-today-and-woe-betide-shopowners-that-dont-comply\/')\">\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\/12\/01\/new-retail-hours-go-into-effect-today-and-woe-betide-shopowners-that-dont-comply\/\">\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=New retail hours go into effect today \u2014 and woe betide shopowners that don\u2019t comply&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/01\/new-retail-hours-go-into-effect-today-and-woe-betide-shopowners-that-dont-comply\/\">\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\/12\/01\/new-retail-hours-go-into-effect-today-and-woe-betide-shopowners-that-dont-comply\/&title=New retail hours go into effect today \u2014 and woe betide shopowners that don\u2019t comply\">\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=New+retail+hours+go+into+effect+today+%E2%80%94+and+woe+betide+shopowners+that+don%E2%80%99t+comply+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F01%2Fnew-retail-hours-go-into-effect-today-and-woe-betide-shopowners-that-dont-comply%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\/12\/01\/new-retail-hours-go-into-effect-today-and-woe-betide-shopowners-that-dont-comply\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/18.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"567600\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/01\/new-retail-hours-go-into-effect-today-and-woe-betide-shopowners-that-dont-comply\/18-jpg-15\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/18.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"18.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/18.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/18.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567599\" class=\"content-area-description single-story post-567599 post type-post status-publish format-standard has-post-thumbnail hentry category-retail tag-enterpriseam tag-retail wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>New rules on operating hours<\/strong><strong> regs come into effect today \u2014 and shops face closure if they <\/strong><strong>don\u2019t comply.<\/strong> Under new wintertime hours, retail outlets will need to close at 10pm and restaurants at midnight on weekdays. Both can stay open an extra hour on weekends and holidays.<\/p>\n<p><strong>Who\u2019s exempt?<\/strong> Gas stations and restaurants that do takeaway and home delivery services, can stay open 24\/7, a spokesman for the Local Development Ministry said. Grocery stores, supermarkets and pharmacies can also set their own hours.<\/p>\n<p><strong>Penalties, penalties, penalties: <\/strong>Local Development Ministry spokesperson Khaled Kassem was on the airwaves last night <a href=\"https:\/\/www.youtube.com\/watch?v=liUuTlZUKlk\">(watch, runtime: 16:11)<\/a> with a warning for businesses that don\u2019t comply, saying authorities will order the premises closed for a month if owners don\u2019t start obeying the rule within 15 days of receiving a written warning. Failing to comply after that, and you can say goodbye to your license.<\/p>\n<p><strong>Summer hours run from the last friday in April <\/strong>until the last Thursday of September. Today is the first day that the summer \/ winter split goes into effect.<\/p>\n<p><strong>Need a refresher on the rules?<\/strong> <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e3019f4c-6803-4c38-a95f-5dfdeaf7a35b\">Check this out<\/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\/retail\/\">retail<\/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=\"567601\" 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=\"567601\">\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\">HOUSING<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/01\/times-up-for-illegal-building-settlements\/\">\r\n                            Time\u2019s up for illegal building settlements                        <\/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\/12\/01\/times-up-for-illegal-building-settlements\/\" 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\/12\/01\/times-up-for-illegal-building-settlements\/')\">\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\/12\/01\/times-up-for-illegal-building-settlements\/\">\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=Time\u2019s up for illegal building settlements&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/01\/times-up-for-illegal-building-settlements\/\">\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\/12\/01\/times-up-for-illegal-building-settlements\/&title=Time\u2019s up for illegal building settlements\">\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=Time%E2%80%99s+up+for+illegal+building+settlements+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F01%2Ftimes-up-for-illegal-building-settlements%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\/12\/01\/times-up-for-illegal-building-settlements\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/19.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"567602\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/01\/times-up-for-illegal-building-settlements\/19-jpg-11\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/19.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"19.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/19.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/19.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567601\" class=\"content-area-description single-story post-567601 post type-post status-publish format-standard has-post-thumbnail hentry category-housing tag-building-code tag-enterpriseam tag-housing tag-housing-ministry wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>If your home is in violation of the building code, your time to settle is officially up:<\/strong> The government has no plans to extend the settlement deadline for illegal construction past yesterday\u2019s expiration date, <a href=\"https:\/\/bit.ly\/36kMtwo\">Youm7<\/a> reports, citing unnamed officials. Construction will be allowed to resume in a six-month transitional phase until the Housing Ministry issues a new framework for building requirements. The framework will lay out the regulations on building heights, ratios, and usage, urban coordination, and the executive procedures needed to start construction work.<\/p>\n<p><strong>The government had pushed the deadline several times before<\/strong>, after <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7c90c812-92b1-432d-9c99-a8bd2e2a1f7a\">originally<\/a> setting a cut-off date of 30 September for settlement requests to be filed. The deadline was ultimately pushed to the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d33a1331-bba4-462c-a268-96256d9235ec\">end of October<\/a>, and then again to the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0cbefd3a-3339-4c5b-9526-d20e55229721\">end of November<\/a> amid a flood of settlement requests. The government also agreed to slash settlement fees after MPs raised concerns that they were not affordable for many people. Small protests took place in October against the fees in some parts of the country.<\/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\/building-code\/\">building code<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/housing\/\">housing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/housing-ministry\/\">Housing Ministry<\/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=\"567603\" 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=\"567603\">\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\">Politics<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/01\/mostaqbal-watan-cements-parliamentary-majority-in-first-round-run-off-vote\/\">\r\n                            Mostaqbal Watan cements parliamentary majority in first round run-off vote                        <\/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\/12\/01\/mostaqbal-watan-cements-parliamentary-majority-in-first-round-run-off-vote\/\" 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\/12\/01\/mostaqbal-watan-cements-parliamentary-majority-in-first-round-run-off-vote\/')\">\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\/12\/01\/mostaqbal-watan-cements-parliamentary-majority-in-first-round-run-off-vote\/\">\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=Mostaqbal Watan cements parliamentary majority in first round run-off vote&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/01\/mostaqbal-watan-cements-parliamentary-majority-in-first-round-run-off-vote\/\">\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\/12\/01\/mostaqbal-watan-cements-parliamentary-majority-in-first-round-run-off-vote\/&title=Mostaqbal Watan cements parliamentary majority in first round run-off vote\">\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=Mostaqbal+Watan+cements+parliamentary+majority+in+first+round+run-off+vote+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F01%2Fmostaqbal-watan-cements-parliamentary-majority-in-first-round-run-off-vote%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\/12\/01\/mostaqbal-watan-cements-parliamentary-majority-in-first-round-run-off-vote\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/20.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"567604\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/01\/mostaqbal-watan-cements-parliamentary-majority-in-first-round-run-off-vote\/20-jpg-12\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/20.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"20.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/20.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/20.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567603\" class=\"content-area-description single-story post-567603 post type-post status-publish format-standard has-post-thumbnail hentry category-_newspack_politics tag-enterpriseam tag-national-elections-authority tag-politics wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>The pro-government Mostaqbal Watan won a majority of seats in the first round <\/strong><strong>run-off vote in the parliamentary election<\/strong> solidifying their overall majority in the upcoming parliament. According to <a href=\"https:\/\/bit.ly\/2JeLx49\">results<\/a> announced by the National Elections Authority yesterday, the party took <a href=\"https:\/\/akhbarelyom.com\/news\/newdetails\/3179575\/1\/-%D9%85%D8%B3%D8%AA%D9%82%D8%A8%D9%84-%D9%88%D8%B7%D9%86-%D9%8A%D8%AD%D8%B5%D8%AF-%D9%86%D8%B5%D9%8A%D8%A8-%D8%A7%D9%84%D8%A3%D8%B3%D8%AF..-%D9%88%D8%A7%D9%84%D9%85%D8%B3%D8%AA%D9%82%D9%84%D9%88%D9%86\">58<\/a> of the 110 individual seats settled in the run-off poll last month, after its National List of Egypt claimed <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f7088b6a-3ab0-4d85-a2c3-134bf1433699\">all 284 seats<\/a> allocated to party lists in the first two rounds of voting. The first run-off election saw voters from 14 governorates including Giza, Alexandria and Fayoum cast their ballots last month.<\/p>\n<p><strong>Turnout was lower than the first round of voting<\/strong>, coming in at 20% compared to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/15a7eff2-43a2-4be8-a0e8-cf96d3ec67c3\">28%<\/a> last time round.<\/p>\n<p><strong>The next round of runoffs will be held on<\/strong><strong> 7-8 <\/strong><strong>December<\/strong>, and include the governorates of Cairo, Qalyubia, Menofia, Gharbia, Kafr El Sheikh, Sharqia, Damietta, Port Said, Ismailia, Suez, North Sinai and South Sinai. The final results will be announced on 14 December.<\/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\/national-elections-authority\/\">National Elections Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/politics\/\">politics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"567605\" 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=\"567605\">\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\">Startup watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/01\/trella-takes-another-step-in-its-plan-to-become-a-leading-regional-trucking-app\/\">\r\n                            Trella takes another step in its plan to become a leading regional trucking app                        <\/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\/12\/01\/trella-takes-another-step-in-its-plan-to-become-a-leading-regional-trucking-app\/\" 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\/12\/01\/trella-takes-another-step-in-its-plan-to-become-a-leading-regional-trucking-app\/')\">\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\/12\/01\/trella-takes-another-step-in-its-plan-to-become-a-leading-regional-trucking-app\/\">\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=Trella takes another step in its plan to become a leading regional trucking app&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/01\/trella-takes-another-step-in-its-plan-to-become-a-leading-regional-trucking-app\/\">\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\/12\/01\/trella-takes-another-step-in-its-plan-to-become-a-leading-regional-trucking-app\/&title=Trella takes another step in its plan to become a leading regional trucking app\">\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=Trella+takes+another+step+in+its+plan+to+become+a+leading+regional+trucking+app+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F01%2Ftrella-takes-another-step-in-its-plan-to-become-a-leading-regional-trucking-app%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\/12\/01\/trella-takes-another-step-in-its-plan-to-become-a-leading-regional-trucking-app\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/21.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"567606\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/01\/trella-takes-another-step-in-its-plan-to-become-a-leading-regional-trucking-app\/21-jpg-12\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/21.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"21.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/21.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/21.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567605\" class=\"content-area-description single-story post-567605 post type-post status-publish format-standard has-post-thumbnail hentry category-startup-watch tag-enterpriseam tag-logistics tag-startup-watch tag-technology tag-trella 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> Egyptian digital trucking marketplace Trella has launched in Pakistan<\/strong>, a little less than a year after expanding into Saudi Arabia, Saim Chaudhary, the company\u2019s managing director in Pakistan told <a href=\"https:\/\/www.menabytes.com\/trella-pakistan\/\">Menabytes<\/a>. \u201cWith Trella becoming a key regional player, such an extension seemed natural,\u201d said Chaudhary, who previously led Uber Pakistan and launched Uber Auto, a ride-hailing service for two- and three-wheeled rickshaws. Trella had previously outsourced some of its support functions to Pakistan, which helped the company make the decision to expand there.<\/p>\n<p><strong>Want to know more about Trella?<\/strong> We spoke with CEO Omar Hagrass in season two of Making It, our podcast on how to build a great business, about how Trella was founded with a clear goal to become a regional player (<a href=\"https:\/\/bit.ly\/3i05d6O\">listen, runtime: 42:32<\/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\/logistics\/\">logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startup-watch\/\">Startup watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/technology\/\">technology<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/trella\/\">Trella<\/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=\"567607\" 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=\"567607\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/01\/hdb-9m-np-down-4-al-ezz-dekheila-steel-losses-grow\/\">\r\n                            HDB 9M NP down 4%, Al Ezz Dekheila Steel losses grow                        <\/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\/12\/01\/hdb-9m-np-down-4-al-ezz-dekheila-steel-losses-grow\/\" 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\/12\/01\/hdb-9m-np-down-4-al-ezz-dekheila-steel-losses-grow\/')\">\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\/12\/01\/hdb-9m-np-down-4-al-ezz-dekheila-steel-losses-grow\/\">\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=HDB 9M NP down 4%, Al Ezz Dekheila Steel losses grow&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/01\/hdb-9m-np-down-4-al-ezz-dekheila-steel-losses-grow\/\">\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\/12\/01\/hdb-9m-np-down-4-al-ezz-dekheila-steel-losses-grow\/&title=HDB 9M NP down 4%, Al Ezz Dekheila Steel losses grow\">\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=HDB+9M+NP+down+4%25%2C+Al+Ezz+Dekheila+Steel+losses+grow+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F01%2Fhdb-9m-np-down-4-al-ezz-dekheila-steel-losses-grow%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\/12\/01\/hdb-9m-np-down-4-al-ezz-dekheila-steel-losses-grow\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567607\" class=\"content-area-description single-story post-567607 post type-post status-publish format-standard hentry category-earnings-watch tag-banking tag-construction tag-earnings-watch tag-enterpriseam tag-finance tag-housing-and-development-bank tag-manufacturing wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The Housing and Development Bank\u2019s (HDB) consolidated NP fell 3.3% y-o-y<\/strong><strong> in 9M2020<\/strong>, to EGP 1.66 bn from EGP 1.71 bn, according to an <a href=\"https:\/\/ent.news\/2020\/11\/HDB-earnings-9M2020.pdf\">EGX disclosure (pdf)<\/a>. Revenues were down 11% y-o-y to EGP 4.3 bn.<\/p>\n<p><strong>Al Ezz Dekheila Steel reported consolidated net losses of EGP 1.2 bn in 3Q2020, <\/strong>widening its losses from EGP 995 mn in 3Q2019, but unchanged <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a4417c77-e721-40c9-b23b-50ff4bed2d80\">from 2Q2020<\/a>, according to <a href=\"https:\/\/ent.news\/2020\/11\/Ezdk-statemetns-9M2020.pdf\">its latest earnings (pdf)<\/a>. Sales revenue fell 4.3% y-o-y to EGP 7.7 bn in the third quarter.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/construction\/\">construction<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/earnings-watch\/\">earnings watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/finance\/\">Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/housing-and-development-bank\/\">Housing and Development Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"567608\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"567608\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/01\/567608\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567608\" class=\"content-area-description single-story post-567608 post type-post status-publish format-standard hentry category-uncategorized wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class=\"web-image\"><a href=\"https:\/\/www.sodic.com\/\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/11\/SODIC-Karmell-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"567609\" 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=\"567609\">\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\">Moves<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/01\/giz-names-new-egypt-director\/\">\r\n                            GIZ names new Egypt Director                        <\/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\/12\/01\/giz-names-new-egypt-director\/\" 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\/12\/01\/giz-names-new-egypt-director\/')\">\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\/12\/01\/giz-names-new-egypt-director\/\">\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=GIZ names new Egypt Director&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/01\/giz-names-new-egypt-director\/\">\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\/12\/01\/giz-names-new-egypt-director\/&title=GIZ names new Egypt Director\">\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=GIZ+names+new+Egypt+Director+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F01%2Fgiz-names-new-egypt-director%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\/12\/01\/giz-names-new-egypt-director\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567609\" class=\"content-area-description single-story post-567609 post type-post status-publish format-standard hentry category-moves tag-enterpriseam tag-giz tag-moves wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>GIZ<\/strong> has named <strong>Alexander Solyga<\/strong> (<a href=\"https:\/\/de.linkedin.com\/in\/alexander-solyga-37417890\">LinkedIn<\/a>) as new <strong>country director for Egypt<\/strong>, succeeding Andreas Kuck, the German development agency said in a <a href=\"https:\/\/ent.news\/2020\/11\/GIZ-Egypt-New-Country-Director-PRL-Final-30-11-2020.pdf\">press release<\/a>. Solyga previously served as GIZ country director in Sudan.<\/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\/giz\/\">GiZ<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/moves\/\">moves<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"567610\" 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=\"567610\">\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\">Making It<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/01\/making-it-finale-this-thursday\/\">\r\n                            Making It finale this Thursday                        <\/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\/12\/01\/making-it-finale-this-thursday\/\" 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\/12\/01\/making-it-finale-this-thursday\/')\">\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\/12\/01\/making-it-finale-this-thursday\/\">\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=Making It finale this Thursday&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/01\/making-it-finale-this-thursday\/\">\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\/12\/01\/making-it-finale-this-thursday\/&title=Making It finale this Thursday\">\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=Making+It+finale+this+Thursday+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F01%2Fmaking-it-finale-this-thursday%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\/12\/01\/making-it-finale-this-thursday\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/22.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"567611\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/01\/making-it-finale-this-thursday\/22-jpg-13\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/22.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"22.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/22.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/22.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567610\" class=\"content-area-description single-story post-567610 post type-post status-publish format-standard has-post-thumbnail hentry category-making-it tag-alc-alieldean-weshahi-partners tag-arqamfc tag-enterpriseam tag-fawry tag-integrated-diagnostics-holding tag-magiccube tag-majid-al-futtaim tag-making-it tag-podcast tag-zooba wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Stay tuned for the season three finale of Making It this Thursday<\/strong> \u2014 our podcast about building a great business right here in Egypt. We speak to founders and CEOs across various industries and chart the stages of their businesses, careers, and success. Catch up on season three ahead of the finale.<\/p>\n<p><strong> Hear from the CEOs and founders themselves: <\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/bit.ly\/3jAPj3N\">Ahmed Galal Ismail<\/a>, CEO of Majid Al Futtaim Properties<\/li>\n<li><a href=\"https:\/\/bit.ly\/2I5qIXO\">Chris Khalifa<\/a>, CEO of Zooba<\/li>\n<li><a href=\"https:\/\/bit.ly\/2I4bDFI\">Nancy Zayed and Hisham Shawki<\/a>, Cofounders of MagicCube<\/li>\n<li><a href=\"https:\/\/bit.ly\/3pPMCjg\">Hend El Sherbini<\/a>, CEO of Integrated Diagnostics Holding<\/li>\n<li><a href=\"https:\/\/bit.ly\/32BrUJL\">Ali Elfakharany<\/a>, CEO of Arqam FC<\/li>\n<li><a href=\"https:\/\/bit.ly\/2H0BGNX\">Ashraf Sabry<\/a>, CEO of Fawry<\/li>\n<li><a href=\"https:\/\/bit.ly\/3jc6lFe\">Bahaa Alieldean<\/a>, Partner in Alieldean, Weshahi & Partners<\/li>\n<\/ul>\n<p><strong>You can also listen on: <\/strong><a href=\"https:\/\/apple.co\/337v5d6\">Apple Podcasts<\/a> | <a href=\"https:\/\/bit.ly\/36eCPf4\">Google Podcasts<\/a> | <a href=\"https:\/\/bit.ly\/2JjZDkt\">Anghami<\/a> | <a href=\"https:\/\/bit.ly\/3qjqvlw\">Omny<\/a>. We\u2019re also available on <a href=\"https:\/\/spoti.fi\/318pZMZ\">Spotify<\/a>, but only for non-MENA accounts. Subscribe to Making It on your podcatcher of choice <a href=\"https:\/\/bit.ly\/35lugvb\">here<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/alc-alieldean-weshahi-partners\/\">ALC Alieldean Weshahi &amp; Partners<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/arqamfc\/\">ArqamFC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fawry\/\">Fawry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/integrated-diagnostics-holding\/\">Integrated Diagnostics Holding<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/magiccube\/\">MagicCube<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/majid-al-futtaim\/\">Majid Al Futtaim<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/making-it\/\">Making It<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/podcast\/\">podcast<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/zooba\/\">Zooba<\/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=\"567612\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 .stk-block-carousel__button svg.ugb-custom-icon :is(g, path, rect, polygon, ellipse){fill:#FFFFFF !important;}<\/style>\r\n                <div class=\"stk-block-carousel__content-wrapper\">\r\n                <div class=\"stk-row stk-inner-blocks stk-block-content stk-block-carousel__slider-wrapper stk-content-align stk-a38cfb2-column alignwide\">\r\n                <div class=\"stk-block-carousel__slider\" role=\"list\" data-autoplay=\"4000\" data-label-slide-of=\"Slide %%d of %%d\">\r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-46c5f99\" data-v=\"4\" data-block-id=\"46c5f99\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-46c5f99-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-46c5f99-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240922.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.hsbc.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27489.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Opening up a world of opportunity<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-tblbif8\" data-v=\"4\" data-block-id=\"tblbif8\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-tblbif8-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-tblbif8-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\/240923.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/efghldg.com\/en\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27488.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Realize More<\/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-gv9h4vm\" data-v=\"4\" data-block-id=\"gv9h4vm\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-gv9h4vm-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-gv9h4vm-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\/240924.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.sodic.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27487.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Live More<\/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-1g0svmr\" data-v=\"4\" data-block-id=\"1g0svmr\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-1g0svmr-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-1g0svmr-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\/240925.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/weareinfinity.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/27483.png?fit=300%2C300&#038;ssl=1\" alt=\"\">\r\n                    <\/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-3i2w7u5\" data-v=\"4\" data-block-id=\"3i2w7u5\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-3i2w7u5-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-3i2w7u5-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=\"M285.476 272.971L91.132 467.314c-9.373 9.373-24.569 9.373-33.941 0l-22.667-22.667c-9.357-9.357-9.375-24.522-.04-33.901L188.505 256 34.484 101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg><\/button><\/div><\/div><div class=\"stk-block-carousel__dots\" role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"567613\" 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=\"567613\">\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\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/01\/last-nights-talk-shows-on-1-december-2020\/\">\r\n                            Last Night\u2019s Talk Shows on 1 December 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\" 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<div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/01\/last-nights-talk-shows-on-1-december-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/23.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"567614\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/01\/last-nights-talk-shows-on-1-december-2020\/23-jpg-12\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/23.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"23.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/23.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/23.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567613\" class=\"content-area-description single-story post-567613 post type-post status-publish format-standard has-post-thumbnail hentry category-enterprise-last-nights-talk-shows tag-covid-19 tag-enterpriseam tag-giulio-regeni tag-health tag-human-rights tag-last-nights-talk-shows tag-pharmacists-syndicate wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The big econ story of the night: The government will begin disbursing the next batch of <\/strong><strong>employment grants <\/strong>to some 2.3 mn day laborers next week, Finance Minister Mohamed Maait told Kelma Akhira\u2019s Lamees El Hadidi last night, Some EGP 1.2 bn in payments will be shelled out each month between December and February, he said <a href=\"https:\/\/www.youtube.com\/watch?v=8E_FgWKc4Qc\">(watch, runtime: 8:42)<\/a>.<\/p>\n<p><strong>Senate members are now income tax exempt:<\/strong> Ala Mas\u2019ouleety\u2019s Ahmed Moussa phoned Senate secretary-general Mahmoud Otman, who said that MPs in the House have decided to hand senators a charitable tax break <a href=\"https:\/\/www.youtube.com\/watch?v=dW34QpXQFOg&t=4s\">(watch, runtime: 15:10)<\/a>.<\/p>\n<p><strong>Pharmacists v Pharma:<\/strong> Essam Abd El-Hamed, the acting head of the Pharmacists Syndicate, repeated recent allegations made against pharma companies that they are illegally selling meds directly to customers via mobile apps in an interview with Masaa DMC\u2019s Eman El Hosary <a href=\"https:\/\/www.youtube.com\/watch?v=uR39UplPV9A\">(watch, runtime: 9:23)<\/a>. The syndicate has recently <a href=\"http:\/\/gate.ahram.org.eg\/News\/2534235.aspx\">filed a complaint<\/a> to the Consumer Protection Agency over the alleged business practices.<\/p>\n<p><strong>The big politics story of the night: The latest twist in the case of murdered grad student <\/strong><strong>Giulio Regeni. <\/strong>The prosecutor\u2019s office <a href=\"https:\/\/bit.ly\/2JoVWtz\">announced<\/a> yesterday that police investigators here are temporarily halting theirinvestigation into the 2016 murder of the Italian national, whose battered body was found on the side of a major road in Giza. Prosecutors in Italy are wrapping up a parallel investigation into five Egyptian security officials. Egypt objects to what will likely be a trial in absentia for the officials, and an Italian parliamentary committee is set to meet today in Rome for a briefing on the status of the investigation, the AP reports.<\/p>\n<p><strong>The story was all over the airwaves last night: <\/strong>Kelma Akhira <a href=\"https:\/\/www.youtube.com\/watch?v=ptDv5nJPPFE\">(watch runtime: 9:39)<\/a> | Al Hayah Al Youm <a href=\"https:\/\/www.youtube.com\/watch?v=Qyfu9AZetS0\">(watch, runtime: 4:18)<\/a> | Masaa DMC <a href=\"https:\/\/www.youtube.com\/watch?v=M04M5D0gO14&t=1s\">(watch, runtime: 3:38)<\/a> | El Hekaya <a href=\"https:\/\/www.youtube.com\/watch?v=fPi0MYFUZRQ\">(watch, runtime: 9:04)<\/a> | Ala Mas\u2019ouleety <a href=\"https:\/\/www.youtube.com\/watch?v=Qt9PmEP4kqE\">(watch, runtime: 5:02)<\/a>. <a href=\"https:\/\/www.reuters.com\/article\/idUSKBN28A2JR\">Reuters<\/a> and <a href=\"https:\/\/apnews.com\/article\/italy-giulio-regeni-egypt-trials-rome-f939d33fc1fe5908f61155b20dd4333a\">the Associated Press<\/a> also have the story.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/giulio-regeni\/\">Giulio Regeni<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/health\/\">health<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/human-rights\/\">human rights<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/last-nights-talk-shows\/\">LAST NIGHT\u2019S TALK SHOWS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pharmacists-syndicate\/\">Pharmacists Syndicate<\/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=\"567615\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"567616\" 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=\"567616\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">13<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/01\/egypt-in-the-news-on-1-december-2020\/\">\r\n                            Egypt in the News on 1 December 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\/12\/01\/egypt-in-the-news-on-1-december-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\/12\/01\/egypt-in-the-news-on-1-december-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\/12\/01\/egypt-in-the-news-on-1-december-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 1 December 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/01\/egypt-in-the-news-on-1-december-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\/12\/01\/egypt-in-the-news-on-1-december-2020\/&title=Egypt in the News on 1 December 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+1+December+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F01%2Fegypt-in-the-news-on-1-december-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\/12\/01\/egypt-in-the-news-on-1-december-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/24.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"567617\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/01\/egypt-in-the-news-on-1-december-2020\/24-jpg-13\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/24.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"24.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/24.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/24.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567616\" class=\"content-area-description single-story post-567616 post type-post status-publish format-standard has-post-thumbnail hentry category-egypt-in-the-news tag-enterpriseam tag-giulio-regeni wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Human rights continues to dominate the conversation on Egypt <\/strong>in the international press, with AP and Reuters picking up the latest on the case of Giulio Regeni (see above) and the <a href=\"https:\/\/www.nytimes.com\/2020\/11\/30\/world\/middleeast\/Abdel-Razek-Egypt-rights.html?searchResultPosition=1\">New York Times<\/a> covering the case of Gasser Abdel Razek, the detained co-founder of rights group EIPR. Meanwhile, <a href=\"https:\/\/news.yahoo.com\/why-egypt-intensifying-military-drills-192042890.html?guccounter=2\">Defense News<\/a> says that foreign policy and commercial ties both play a role in the uptick in military drills Egypt has conducted of late.<\/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\/giulio-regeni\/\">Giulio Regeni<\/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=\"567618\" 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=\"567618\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">14<\/div>\r\n\r\n                    <p class=\"f-graphik\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/01\/also-on-our-radar-on-1-december-2020\/\">\r\n                            Also on our radar on 1 December 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\/12\/01\/also-on-our-radar-on-1-december-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\/12\/01\/also-on-our-radar-on-1-december-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\/12\/01\/also-on-our-radar-on-1-december-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=Also on our radar on 1 December 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/01\/also-on-our-radar-on-1-december-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\/12\/01\/also-on-our-radar-on-1-december-2020\/&title=Also on our radar on 1 December 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=Also+on+our+radar+on+1+December+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F01%2Falso-on-our-radar-on-1-december-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\/12\/01\/also-on-our-radar-on-1-december-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567618\" class=\"content-area-description single-story post-567618 post type-post status-publish format-standard hentry category-also-on-our-radar tag-al-nowais tag-also-on-our-radar tag-assiut-oil-refining-company tag-digitization tag-electricity-ministry tag-elsewedy-electric tag-enterpriseam tag-infrastructure tag-makadi-heights tag-orascom-construction tag-petrochemicals tag-renewables tag-technip tag-telecom-egypt tag-toyota-tsusho wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Who said that <\/strong><strong><a href=\"https:\/\/enterprise.press\/hardhats\/covid-19-impacting-egypts-renewable-energy-sector-part-3-overcapacity-problem\/\">Egypt\u2019s renewables sector is (temporarily) on hold?<\/a><\/strong> Al Nowais is pushing ahead with its plans to build <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/29\/al-nowais-in-negotiations-with-siemens-gamesa-to-build-a-500-mw-wind-plant-9223\/\">a 500-MW wind plant<\/a> in Ras Ghareb and hopes award a construction contract in the first half of next year, <a href=\"https:\/\/bit.ly\/3qcpHyK\">the local press<\/a> reports. Sources said that the Emirati firm is in talks with Siemens-Gamesa, Vestas and a third international company for the project, which it hopes to start bringing online in the second half of 2023.<\/p>\n<p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n<ul>\n<li>A consortium of <strong>Elsewedy Electric<\/strong> and <strong>Toyota Tsusho<\/strong> has signed a EGP 1.46 bn <a href=\"https:\/\/ent.news\/2020\/11\/Elsewedy-Electric-30-11-2020.pdf\">contract (pdf)<\/a> with the North Cairo Electricity Distribution Company to supply and install smart electricity meters.<\/li>\n<li><strong>Technip<\/strong> has <a href=\"https:\/\/www.nasdaq.com\/articles\/technipfmc-starts-work-on-new-hydrocracking-complex-in-egypt-for-anopc-2020-11-30\">broken ground<\/a> on the new USD 1 bn <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/65a80b2e-f4b9-4506-9eb8-d3493d05e295\">hydrocracking complex<\/a> it is building for the Assiut Oil Refining Company.<\/li>\n<li><strong>Orascom Development Egypt<\/strong> <a href=\"https:\/\/www.zawya.com\/mena\/en\/press-releases\/story\/Makadi_Heights_and_Telecom_Egypt_WE_sign_a_cooperation_agreement_to_provide_integrated_communication_services_in_the_town-ZAWYA20201129104511\/\">signed<\/a> with <strong>Telecom Egypt<\/strong> to develop Makadi Heights\u2019 IT and communications infrastructure.<\/li>\n<li>The <strong>National Telecommunications Regulatory Authority<\/strong> has launched a <a href=\"https:\/\/digital.tra.gov.eg\/\">portal<\/a> for licensing and import services, covering permits, licenses and customs clearance procedures.<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/al-nowais\/\">Al Nowais<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/assiut-oil-refining-company\/\">Assiut Oil Refining Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/digitization\/\">digitization<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/electricity-ministry\/\">Electricity Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/elsewedy-electric\/\">Elsewedy Electric<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/makadi-heights\/\">Makadi Heights<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/petrochemicals\/\">petrochemicals<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/technip\/\">Technip<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/telecom-egypt\/\">Telecom Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/toyota-tsusho\/\">Toyota Tsusho<\/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=\"567619\" 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=\"567619\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">15<\/div>\r\n\r\n                    <p class=\"f-graphik\">COVID WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/01\/everything-you-need-to-know-about-covid-at-home-and-abroad-on-1-december-2020\/\">\r\n                            Everything you need to know about covid at home and abroad on 1 December 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 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href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/01\/everything-you-need-to-know-about-covid-at-home-and-abroad-on-1-december-2020\/&title=Everything you need to know about covid at home and abroad on 1 December 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=Everything+you+need+to+know+about+covid+at+home+and+abroad+on+1+December+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F01%2Feverything-you-need-to-know-about-covid-at-home-and-abroad-on-1-december-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\/12\/01\/everything-you-need-to-know-about-covid-at-home-and-abroad-on-1-december-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567619\" class=\"content-area-description single-story post-567619 post type-post status-publish format-standard hentry category-covid-watch tag-covid-19 tag-enterpriseam tag-moderna wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The Health Ministry <\/strong><strong><a href=\"https:\/\/bit.ly\/2Jw9Xpc\">reported<\/a><\/strong><strong> 370 new covid-19 infections yesterday<\/strong>, up from 358 the day before. The ministry also reported 14 new deaths, bringing the country\u2019s total death toll to 6,650. Egypt has now disclosed a total of 115,911 confirmed cases of covid-19.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/moderna\/\">Moderna<\/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=\"567620\" 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=\"567620\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">16<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/01\/what-the-markets-are-doing-on-1-december-2020\/\">\r\n                            What the markets are doing on 1 December 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\/12\/01\/what-the-markets-are-doing-on-1-december-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\/12\/01\/what-the-markets-are-doing-on-1-december-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\/12\/01\/what-the-markets-are-doing-on-1-december-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=What the markets are doing on 1 December 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/01\/what-the-markets-are-doing-on-1-december-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\/12\/01\/what-the-markets-are-doing-on-1-december-2020\/&title=What the markets are doing on 1 December 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=What+the+markets+are+doing+on+1+December+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F01%2Fwhat-the-markets-are-doing-on-1-december-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\/12\/01\/what-the-markets-are-doing-on-1-december-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567620\" class=\"content-area-description single-story post-567620 post type-post status-publish format-standard hentry category-planet-finance tag-cira-education tag-eastern-company tag-enterpriseam tag-financial-markets tag-gb-auto tag-oriental-weavers tag-planet-finance tag-sodic wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_408150\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408151.svg\" alt=\"\" class=\"wp-image-408151\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><a class=\"content-anchor\" id=\"tldr-story-09\"><\/a><strong> The EGX30 fell 0.6% yesterday on turnover of EGP 1.8 bn <\/strong>(29.3% above the 90-day average) as foreign investors were net sellers. The index is down 21.6% YTD.<\/p><p><strong>In the green: <\/strong>GB Auto (+4.3%), SODIC (+2.4%) and Egyptian Iron &amp; Steel (+1.6%).<\/p><p><strong>In the red: <\/strong>CIRA (-2.6%), Oriental Weavers (-2.5%) and Eastern Company (-2.2%).<\/p><p><strong>Asian markets are in the green in early trading this morning<\/strong> and futures suggest US and European markets are likely to do the same later today after falling in yesterday\u2019s session.<\/p><div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table table-striped markets-table\">\n<tbody>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>EGX30 <\/strong><\/p>\n<\/td>\n<td>\n<p>10,943<\/p>\n<\/td>\n<td>\n<p>-0.6% (YTD: -21.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>USD (CBE)<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 15.60<\/p>\n<\/td>\n<td>\n<p>Sell 15.70<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>USD at CIB<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 15.61<\/p>\n<\/td>\n<td>\n<p>Sell 15.71<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Interest rates CBE<\/strong><\/p>\n<\/td>\n<td>\n<p>8.25% deposit<\/p>\n<\/td>\n<td>\n<p>9.25% lending<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Tadawul<\/strong><\/p>\n<\/td>\n<td>\n<p>8,747<\/p>\n<\/td>\n<td>\n<p>+0.44% (YTD: 4.27%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>ADX<\/strong><\/p>\n<\/td>\n<td>\n<p>4,964<\/p>\n<\/td>\n<td>\n<p>-0.42% (YTD: -2.18%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>DFM<\/strong><\/p>\n<\/td>\n<td>\n<p>2,419<\/p>\n<\/td>\n<td>\n<p>+0.82% (YTD: -12.49%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>S&amp;P 500<\/strong><\/p>\n<\/td>\n<td>\n<p>3,621<\/p>\n<\/td>\n<td>\n<p>-0.46% (YTD: +12.10%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>FTSE 100<\/strong><\/p>\n<\/td>\n<td>\n<p>6,266<\/p>\n<\/td>\n<td>\n<p>-1.59% (YTD: -16.92%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 47.59<\/p>\n<\/td>\n<td>\n<p>-1.22%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td>\n<p>USD 2.93<\/p>\n<\/td>\n<td>\n<p>+3.20%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Gold<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 1,779.90<\/p>\n<\/td>\n<td>\n<p>-0.46%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>BTC<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 19,378<\/p>\n<\/td>\n<td>\n<p>+6.83%<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><p><strong>Moody\u2019s is bearish on EM banks\u2019 in 2021 <\/strong>as operating conditions across Africa are expected to remain difficult throughout next year as banks contend with muted economic activity, the credit rater said in a <a href=\"https:\/\/www.moodys.com\/researchdocumentcontentpage.aspx?docid=PBC_1249871\">research note<\/a>. Emerging market banks with large holdings in government securities stand at a double risk from central banks\u2019 reduced capacity for fiscal support, and the possibility of deposit freezes. A silver lining? Major events like Dubai\u2019s Expo and the World Cup are expected to support banks\u2019 credit profiles and boost business confidence in the Gulf.<\/p><p><strong>POST-OIL- How\u2019s <\/strong><strong><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-10-05\/exxon-carbon-emissions-and-climate-leaked-plans-reveal-rising-co2-output?sref=mmeFTDW1\">doubling down on hydrocarbons<\/a><\/strong><strong> working out for you, Exxon?<\/strong> The US oil giant is taking an axe to its budget and plans to write-off some USD 20 bn of its assets this quarter as it reels from the effects of the pandemic, <a href=\"https:\/\/www.ft.com\/content\/145765b3-2385-4d2f-a71b-82d9b81e85da\">the FT<\/a> says.<\/p><p><strong>Division in the ranks sees OPEC+ meeting pushed to Thursday:<\/strong> Oil exporters that make up the loose OPEC+ alliance failed to agree on whether to extend or lift production cuts amid sluggish demand caused by the pandemic, <a href=\"https:\/\/www.reuters.com\/article\/us-oil-opec\/opec-reaches-consensus-to-extend-oil-cuts-by-three-months-algeria-says-idUSKBN28A0X3\">Reuters<\/a> reports. The meeting, which was supposed to wrap up today, has been pushed to 3 December after the UAE and Russia came out in favor of increasing production from January, a position not shared by Saudi Arabia which favors leaving output levels on hold to stimulate prices.<\/p><p><strong>GLOBAL M&amp;A- S&amp;P Global just sealed the biggest buyout of the year.<\/strong> The financial analytics firm will give Bloomberg a run for its money after agreeing to buy IHS Markit for USD 44 bn in a blockbuster acquisition that will create what <a href=\"https:\/\/www.ft.com\/content\/fb040ea4-868d-4491-8c13-8169b97255d5\">the Financial Times<\/a> is calling a \u201cdata and information powerhouse.\u201d<\/p><p><strong>UK bn\u2019aire Phillip Green\u2019s empire is falling:<\/strong> The retail tycoon\u2019s Arcadia Group \u2014 owner of Topshop, Miss Selfridge, Dorothy Perkins, Evans and Burton \u2014 filed for bankruptcy and called for the administrators from Deloitte yesterday, putting 13k jobs at risk, <a href=\"https:\/\/www.theguardian.com\/business\/2020\/nov\/30\/philip-green-arcadia-group-collapses-into-administration\">the Guardian<\/a> reports.<\/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\/cira-education\/\">CIRA Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/eastern-company\/\">Eastern Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-markets\/\">Financial Markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gb-auto\/\">GB Auto<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/oriental-weavers\/\">Oriental Weavers<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/planet-finance\/\">Planet Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sodic\/\">SODIC<\/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=\"567621\" 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=\"567621\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">17<\/div>\r\n\r\n                    <p class=\"f-graphik\">AROUND THE WORLD<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/01\/around-the-world-on-1-december-2020\/\">\r\n                            Around the world on 1 December 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\/12\/01\/around-the-world-on-1-december-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\/12\/01\/around-the-world-on-1-december-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\/12\/01\/around-the-world-on-1-december-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=Around the world on 1 December 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/01\/around-the-world-on-1-december-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\/12\/01\/around-the-world-on-1-december-2020\/&title=Around the world on 1 December 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=Around+the+world+on+1+December+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F01%2Faround-the-world-on-1-december-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\/12\/01\/around-the-world-on-1-december-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/25.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"567622\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/01\/around-the-world-on-1-december-2020\/25-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/25.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"25.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/25.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/25.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567621\" class=\"content-area-description single-story post-567621 post type-post status-publish format-standard has-post-thumbnail hentry category-around-the-world tag-around-the-world tag-eastern-mediterranean tag-enterpriseam tag-eu tag-greece tag-turkey wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>President-elect Joe Biden has officially announced his economic team:<\/strong> Heading the Treasury is Obama-era Fed chair Janet Yellen, and Obama Foundation head Wally Adeyemo will serve as her deputy. BlackRock exec Brian Deese was tapped to head the National Economic Council while ex-Hillary Clinton aide Neera Tanden was appointed budget director. <a href=\"https:\/\/www.ft.com\/content\/5bf00589-076f-4f13-a683-3bf70c1b99f8\">The FT<\/a> and <a href=\"https:\/\/www.reuters.com\/article\/us-usa-biden\/biden-names-top-economic-advisers-as-arizona-wisconsin-certify-vote-results-idUSKBN28A1AB\">Reuters<\/a> have more.<\/p>\n<p><strong>Turkey withdrew its seismic exploration vessel Oruc Reis from disputed waters<\/strong><strong> yesterday ahead of the EU summit<\/strong> where the bloc will discuss potential sanctions on Ankara\u2019s hydrocarbon exploration field later this month, according to <a href=\"https:\/\/uk.reuters.com\/article\/uk-turkey-greece\/turkish-exploration-vessel-back-in-port-ahead-of-eu-summit-idUKKBN28A0P6\">Reuters<\/a>. Greece and Turkey were meant to begin talks <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7e490272-38d3-4382-9e18-bd6db362d27d\">in September<\/a> to ease tensions, but Turkey failed to agree with the precondition to remove all its vessels from the contested East Mediterreanean waters.<\/p>\n<p><strong>Also worth knowing this morning:<\/strong><\/p>\n<ul>\n<li><strong>Fighting in Ethiopia appears to be ongoing<\/strong>, with the leader of Tigray rebel forces telling <a href=\"https:\/\/www.reuters.com\/article\/us-ethiopia-conflict-leader\/war-not-over-says-ethiopias-tigrayan-forces-leader-idUSKBN28A0PV\">Reuters<\/a> he is closing in on the Tigrayan capital, contradicting Prime Minister Abiy Ahmed\u2019s proclamation of military <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9b1d5209-e298-4008-bb97-0b6bfffc62ae\">victory<\/a>.<\/li>\n<li><strong>Gulf states denounce assassination of Iranian scientist:<\/strong> The UAE, Bahrain <a href=\"https:\/\/www.kuna.net.kw\/ArticleDetails.aspx?id=2942319\">and Kuwait<\/a> have condemned the recent killing of an Iranian nuclear scientist as a provocative threat to regional stability, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-11-30\/uae-condems-iranian-scientist-assassination-as-threat-to-peace?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg<\/a> reports. Both the UAE and Bahrain this year normalized relations with Israel, which Iran has blamed for the attack.<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/around-the-world\/\">Around the World<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/eastern-mediterranean\/\">Eastern Mediterranean<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/eu\/\">EU<\/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\/turkey\/\">Turkey<\/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=\"567623\" 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=\"567623\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">18<\/div>\r\n\r\n                    <p class=\"f-graphik\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/01\/deepmind-ai-cracks-half-century-old-puzzle-of-folding-protein-sheds-light-on-mechanism-of-life\/\">\r\n                            DeepMind AI cracks half-century-old puzzle of \u201cfolding protein,\u201d sheds light on mechanism of life                        <\/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\/12\/01\/deepmind-ai-cracks-half-century-old-puzzle-of-folding-protein-sheds-light-on-mechanism-of-life\/\" 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 program\u2019s breakthrough offers a better understanding of the machinery of life, and could lead to advances in designer meds, healthier crops and \u201cgreen enzymes\u201d that can disintegrate plastics and prevent pollution, <a href=\"https:\/\/www.theguardian.com\/technology\/2020\/nov\/30\/deepmind-ai-cracks-50-year-old-problem-of-biology-research?CMP=twt_gu&utm_source=Twitter&utm_medium#Echobox=1606761760\">the Guardian<\/a> reports.<\/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\/ai\/\">AI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/on-your-way-out\/\">ON YOUR WAY OUT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/technology\/\">technology<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"567625\" 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\/12\/01\/calendar-on-1-december-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567625\" class=\"content-area-description single-story post-567625 post type-post status-publish format-standard hentry category-calendar tag-calendar wpautop entry\">\n\n\t\t\t<hr class=\"wp-block-separator has-text-color has-primary-color has-alpha-channel-opacity has-primary-background-color has-background is-style-wide\">\n\n\t\t<h2 class=\"wp-block-heading mt-0 has-primary-color has-text-color has-link-color has-normal-font-size\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\">\n\t\t\t<strong> CALENDAR<\/strong>\n\t\t<\/h2>\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>December: Egypt-US Trade and Investment Framework Agreement (TIFA) talks.<\/p>\n<p>December: <a href=\"https:\/\/bit.ly\/3pMnWZ1\">A meeting<\/a> to finalize membership and trading rules governing Egypt\u2019s Commodities Exchange (Egycomex).<\/p>\n<p>December: The Egyptian-Iraqi Joint Higher Committee will meet.<\/p>\n<p>1 December (Tuesday): The IMF will conduct a first review of targets set under the USD 5.2 bn standby loan approved in June (proposed date).<\/p>\n<p>2 December (Wednesday): <a href=\"https:\/\/bit.ly\/37jNpQU\">Egypt Economic Summit<\/a>, St. Regis Hotel, Cairo.<\/p>\n<p>4 December (Friday): Cairo Art Fair kicks off and runs through 31 January 2021.<\/p>\n<p>7 December: Former Civil Aviation Minister Ahmed Shafik faces <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/2078662\">trial<\/a> over embezzlement allegations.<\/p>\n<p>7-8 December (Monday-Tuesday): Runoffs for parliamentary elections in Cairo, Qalyubia, Menofia, Gharbia, Kafr El Sheikh, Sharqia, Damietta, Port Said, Ismailia, Suez, North Sinai and South Sinai.<\/p>\n<p>9-10 December (Wednesday-Thursday): <a href=\"http:\/\/www.biznexpo.com\/\">BiznEx<\/a>, the international business expo in Egypt, Nile Ritz Carlton Hotel, Cairo, Egypt.<\/p>\n<p>14 December (Monday): Final results will be announced for Parliamentary elections held in Cairo, Qalyubia, Menofia, Gharbia, Kafr El Sheikh, Sharqia, Damietta, Port Said, Ismailia, Suez, North Sinai and South Sinai.<\/p>\n<p>15 December (Tuesday): House of Representatives reconvenes from recess.<\/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>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>31 December (Thursday): Egypt-UK post-Brexit trade agreement <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/3\/12\/393664\/Business\/Economy\/EgyptUK-trade-agreement-takes-effect--December-UK-.aspx\">to take effect<\/a>.<\/p>\n<p>31 December (Thursday): <a href=\"https:\/\/bit.ly\/338zJHg\">Deadline<\/a> for car owners to comply with traffic regulations to install a RFID electronic sticker on their cars.<\/p>\n<p>1Q2021: The Seventh Annual <a href=\"https:\/\/www.egyptautomotive.com\/1168552\">Egypt Automotive Summit<\/a> will be held<\/p>\n<p>1H2021: Egypt\u2019s Commodities Exchange (<a href=\"http:\/\/www.egycomex.com\/\">Egycomex<\/a>) will <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/448d2768-4310-463e-af98-dcd93cbfd05a\">begin trading<\/a>.<\/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<p>13-31 January (Wednesday-Sunday): Egypt will host the 2021 <a href=\"https:\/\/www.handballegypt2021.com\/\">Men\u2019s Handball World Championship<\/a> at the Giza Pyramids.<\/p>\n<p>17 January 2021 (Sunday): A court will hold a <a href=\"https:\/\/ent.news\/2020\/11\/%D8%A8%D9%88%D8%B1%D8%AA%D9%88-%D8%A8%D9%8A%D8%A7%D9%86-23-11-2020.pdf\">postponed hearing<\/a> to look into an appeal by Syria\u2019s Anataradous against an arbitration ruling in favor of Amer Group and Amer Syria in case 445 of 2019.<\/p>\n<p>25 January 2021 (Monday): 25 January revolution anniversary \/ Police Day.<\/p>\n<p>25-29 January 2021 (Monday-Friday): The World Economic Forum\u2019s \u201cDavos Dialogues\u201d will take place virtually.<\/p>\n<p>26-28 January (Tuesday-Thursday): Future Investment Initiative, Riyadh, Saudi Arabia.<\/p>\n<p>28 January 2021 (Thursday): National holiday in observance of 25 January revolution anniversary \/ Police Day.<\/p>\n<p>4 February 2021 (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>6-18 February (Saturday-Thursday): Mid-year school break.<\/p>\n<p>18 March 2021 (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>12 April 2021 (Monday): First day of Ramadan (TBC).<\/p>\n<p>25 April 2021 (Sunday): Sinai Liberation Day.<\/p>\n<p>29 April 2021 (Thursday): National holiday in observance of Sinai Liberation Day.<\/p>\n<p>29 April 2021 (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>3 May 2021 (Monday): Sham El Nessim.<\/p>\n<p>6 May 2021 (Thursday): National holiday in observance of Sham El Nessim.<\/p>\n<p>12-15 May 2021 (Wednesday-Saturday): Eid El Fitr (TBC).<\/p>\n<p>18-21 May 2021 (Tuesday-Friday): The World Economic Forum\u2019s annual meeting will be held under the theme of \u201cThe Great Reset\u201d in Lucerne-B\u00fcrgenstock, Switzerland<\/p>\n<p>31 May-2 June 2021 (Monday-Wednesday): <a href=\"https:\/\/www.egyps.com\/\">Egypt Petroleum Show<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>30 May-15 June 2021 (Wednesday-Thursday): <a href=\"https:\/\/bit.ly\/398Prpy\">Cairo International Book Fair<\/a>.<\/p>\n<p>1 June 2021 (Tuesday): The IMF will conduct a second review of targets set under the USD 5.2 bn standby loan approved in June 2020 (proposed date).<\/p>\n<p>10 June 2021 (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>24 June 2021 (Thursday): End of the 2020-2021 academic year.<\/p>\n<p>26-29 June 2021 (Saturday-Tuesday): <a href=\"https:\/\/www.thebig5constructegypt.com\/?utm_source=Adestra&utm_medium=email&CID=003D000002UIHn4IAH&utm_campaign=Egyp%5Bt%20postponement%20generic%20exp%20visp&utm_term&utm_content=7014G000001cG3zQAE&CNAME=Enterprise\">The Big 5 Construct Egypt<\/a>, Cairo International Convention Center<\/p>\n<p>30 June- 15 July 2021: National Book Fair.<\/p>\n<p>22 July 2021 (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>30 July-3 August 2021 (Thursday-Monday): Eid Al Adha, national holiday (TBC).<\/p>\n<p>1 October 2021-31 March 2022 (Friday-Thursday): Postponed <a href=\"https:\/\/www.expo2020dubai.com\">Expo 2020 Dubai<\/a>.<\/p>\n<p>December 2021: <a href=\"https:\/\/www.egypttoday.com\/Article\/1\/94796\/9th-UN-Convention-Against-Corruption-conference-to-be-held-in\">United Nations Convention against Corruption<\/a>, Sharm El Sheikh, Egypt.<\/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":567590,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-567589","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"414e6d85-0336-4805-83f6-eeca70f086bb","teaser":"","photo_url":"https:\/\/ent.news\/2020\/12\/3.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>We could see a vaccine rolling out in 1Q2021 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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