{"id":567679,"date":"2020-12-03T04:15:30","date_gmt":"2020-12-03T04:15:30","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=567679"},"modified":"2025-12-16T06:01:46","modified_gmt":"2025-12-16T06:01:46","slug":"we-could-face-lockdown-2-0-if-cases-continue-to-rise-cabinet-warns","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/we-could-face-lockdown-2-0-if-cases-continue-to-rise-cabinet-warns\/","title":{"rendered":"We could face Lockdown 2.0 if cases continue to rise, cabinet warns"},"content":{"rendered":"<section id=\"567681\" 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=\"567681\">\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\/03\/what-were-tracking-on-3-december-2020\/\">\r\n                            What we\u2019re tracking on 3 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\/03\/what-were-tracking-on-3-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(); 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Just a few more hours.<\/p><p><strong>IT\u2019S A BIG NEWS MORNING for business in Egypt <\/strong>\u2014 and for all of us as people.<\/p><p><strong>Covid dominates the newsday<\/strong>, with the Madbouly government suggesting last night we\u2019re months away from a vaccine \u2014 and warning a partial lockdown is in the cards if we don\u2019t collectively smarten up (below). This comes as the UK will be the first country to roll out a vaccine after giving the green light to Pfizer \/ BioNTech\u2019s jab.<\/p><p><strong>The great selloff of Lebanese banks in Egypt<\/strong> looks to be reaching the end of Act I, as we report below, and <strong>US celebrities are piling into the brewing global pressure on Egypt<\/strong> over our human rights record, joining politicians in the US and Europe. We have the full rundown in Egypt in the News.<\/p><p><strong>Globally: The S&amp;P just hit another all-time record<\/strong>, reinforcing to us that the real economy \u2260 the stock market. (Planet finance)<\/p><center><\/center><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><p><strong>MEANWHILE- We\u2019re still smiling from all of the kind words <\/strong>so many of you have had about our redesign \u2014 thank you, one and all. We also welcome comments: If it\u2019s not displaying just right on your phone \/ tablet \/ computer, please drop us a note so we can fix it. You can just hit \u201creply\u201d to this email.<\/p><p><strong>One thing that will never work: Clickable tl;dr links on your phone. <\/strong>Neither Apple nor Google support the technology that makes it work in mail clients. But they do work on the web, for those of you so inclined.<\/p><p><strong>We have two awesome interviews to end the week: <\/strong><\/p><p><strong>Newly appointed Vodafone Egypt CEO Mohamed Kamel Abdallah <\/strong>headlines our My Morning Routine column this morning. Abdallah is a man of taste: He\u2019s a family man and inveterate notetaker and planner \u2014 and his tool of choice is an iPad. (The oldest one among us has now interviewed every VFE chief going back to Mohamed El Hamamsy and accordingly feels very old and wonders where he may have left his Geritol.) (See what we did there? Even our aging joke is dated.)<\/p><p><strong>Our friend Hossam Abou Moussa is with us for the season finale of Making It<\/strong>, our podcast on how to build a great business in Egypt. Hossam is a partner at global private equity giant Actis and leads a team that invests in financial services across global emerging markets. <strong>It\u2019s a must-listen<\/strong>, whether your\u2019re a budding fintech bro or you\u2019re looking for ideas on how to tap PE to grow your business.<\/p><p><strong>Listen now <\/strong><strong><a href=\"https:\/\/apple.co\/3lwLjlV\">on your iPhone<\/a><\/strong><strong> or on <\/strong><strong><a href=\"https:\/\/bit.ly\/3qmtmKb\">our website<\/a><\/strong>, or scroll down to Making It (below) for other platforms and more on Hossam.<\/p><p><strong>Two stories you must read this weekend:<\/strong><\/p><p><strong>The secret of going the distance in business? Putting tradition and stability over the size of your bottom line <\/strong><strong>and growth<\/strong>, even as you adapt to changing times. Japan has more businesses that are 100, 500 and even 1,000 years old than any other country in the world. <a href=\"https:\/\/www.nytimes.com\/2020\/12\/02\/business\/japan-old-companies.html\">This NYT piece is a great starting place<\/a> if you\u2019re building a business not to sell, but to last.<\/p><p><strong>Don\u2019t wanna wake up with a horse\u2019s head in your bed?<\/strong> Read: <a href=\"https:\/\/www.nytimes.com\/2020\/12\/02\/movies\/godfather-coda-francis-ford-coppola.html\">How Francis Ford Coppola<\/a><a href=\"https:\/\/www.nytimes.com\/2020\/12\/02\/movies\/godfather-coda-francis-ford-coppola.html\">got pulled back in to make \u2018The Godfather, Coda\u2019<\/a>, which hits screens this month.<\/p><hr class=\"grey-line\"><p><strong>It\u2019s PMI day<\/strong>, with the gauge due out <a href=\"https:\/\/www.markiteconomics.com\/Public\/Release\/PressReleases?language=en\">here<\/a> at 6:15am \u2014 just a few minutes after we\u2019re scheduled to land in your inbox. Egypt\u2019s private sector expanded <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/be089ca9-c71c-4933-b9ea-257fde17bc78\">in October<\/a> at its strongest rate since December 2014, marking the second consecutive month of the non-oil private sector expansion.<\/p><p><strong>Other key dates for your diary this month:<\/strong><\/p><ul>\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<li><strong>The CBE\u2019s Monetary Policy Committee will meet on 24 December<\/strong> to review interest rates.<\/li>\n<\/ul><p class=\"web-image\"><a href=\"https:\/\/www.arts-mart.com\/event_list\/cairo-art-fair-vi\/\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/TAM-Gallery-Cairo-Art-Fair-2020-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p><p><strong>CIRCLE YOUR CALENDAR-<\/strong> <strong>It\u2019s a big weekend coming up for art lovers:<\/strong> The Cairo Art Fair kicks off tomorrow 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><p><strong>Want to know more about TAM Gallery?<\/strong> Check out founder Lina Mowafy\u2019s episode of Making It. (<a href=\"https:\/\/bit.ly\/2KP02f9\">listen, runtime: 29:19<\/a>).<\/p><p><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p><hr class=\"grey-line\"><p style=\"font-size: 18px;font-weight: bold\">THURSDAY KUDOS-<\/p><p><strong>Egyptian-Canadian University of Windsor Professor Hoda El Maraghy received the<\/strong><strong> Order of Canada<\/strong> \u2014 the country\u2019s highest civil award \u2014 for her contributions to the field of mechanical engineering, according to a <a href=\"https:\/\/www.uwindsor.ca\/engineering\/2020-11-30\/engineering-professor-named-order-canada\">press release<\/a>. El Maraghy\u2019s research on flexible manufacturing has allowed companies to quickly respond to market changes by producing different products with the same manufacturing system.<\/p><p><strong>Planning Minister Hala El Said was named the best minister in the Arab<\/strong><strong> world<\/strong> in the UAE\u2019s <a href=\"https:\/\/ageaward.com\/?page_id=1529\">Arab Government Excellence Award<\/a>, according to a <a href=\"https:\/\/ent.news\/2020\/12\/Hala-El-Said-Best-Minister-1.pdf\">press release (pdf)<\/a>.<\/p><p><strong>Tawasol and SODIC inaugurated their second community school<\/strong> in the Istabl Antar neighborhood of Ezbet Khairallah yesterday, where 500 students will access traditional and vocational education programs, according to <a href=\"https:\/\/ent.news\/2020\/12\/SODIC-Celebrates-the-Opening-of-Tawasols-New-Community-School-at-Istabl-Antar-En.pdf\">a press release<\/a>.<\/p><p><strong><a href=\"https:\/\/egypt-pv.org\/\">Egypt PV<\/a><\/strong><strong> was named the recipient of the Low Carbon Award<\/strong> by the British Energy Institute (EI) for its small scale photovoltaic systems project, according to the EI Awards\u2019 2020 <a href=\"https:\/\/www.energyinst.org\/exploring-energy\/resources\/news-centre\/media-releases\/ei-awards-2020-recognise-energy-sectors-indispensable-contribution\">results<\/a>. Egypt PV is a joint initiative of the Trade Ministry\u2019s Industrial Modernization Center and the UNDP.<\/p><p><strong>Somabay\u2019s<\/strong><strong> Cascades Spa and Thalasso was awarded the title of best luxury<\/strong><strong> thalassotherapy spa in MENA<\/strong> by <a href=\"https:\/\/www.luxuryspaawards.com\/winner\/the-10th-annual-world-luxury-spa-awards\/?sorts%23winners-table%5Bspa%5D=1\">the World Luxury Spa Awards 2020<\/a>, according to a <a href=\"https:\/\/ent.news\/2020\/12\/World-Luxury-Spa-PR.pdf\">press release (pdf)<\/a>. The Intercontinental Cairo Semiramis Spa also took home the title of the region\u2019s best luxury fitness spa.<\/p><p><strong>** Have a suggestion for a Thursday Kudo? <\/strong>Email it on over at editorial@enterprise.press.<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/central-bank-of-egypt\/\">Central Bank of Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/eu\/\">EU<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/lina-mowafy\/\">Lina Mowafy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/monetary-policy\/\">monetary policy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pfizer\/\">Pfizer<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/russia\/\">Russia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sputnik-v\/\">Sputnik V<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tam-gallery\/\">TAM Gallery<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/uk\/\">UK<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us\/\">US<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"567682\" 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=\"567682\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/03\/567682\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567682\" class=\"content-area-description single-story post-567682 post type-post status-publish format-standard hentry category-uncategorized wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class='web-image'><a href='https:\/\/somabay.com\/'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/11\/SOMA-ENTERPRISE-SPA1600px-1.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"567683\" 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=\"567683\">\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\">COVID WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/03\/we-could-face-lockdown-2-0-as-cases-top-400-for-the-first-time-since-july\/\">\r\n                            We could face Lockdown 2.0 as cases top 400 for the first time since July                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn 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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\/03\/we-could-face-lockdown-2-0-as-cases-top-400-for-the-first-time-since-july\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/67.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"567684\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/03\/we-could-face-lockdown-2-0-as-cases-top-400-for-the-first-time-since-july\/67-jpg-13\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/67.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"67.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/67.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/67.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567683\" class=\"content-area-description single-story post-567683 post type-post status-publish format-standard has-post-thumbnail hentry category-covid-watch tag-astrazeneca tag-covax tag-covid-19 tag-enterpriseam tag-pfizer tag-russia tag-sputnik-v tag-uk tag-us tag-vaccines tag-world-health-organization wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a><strong> Cabinet may be forced to reinstate a partial lockdown should the current <\/strong><strong>upswing in cases continue<\/strong>, cabinet spokesperson Nader Saad said last night. \u201cAny partial closure has a cost and a price and that is what we are trying to avoid, but at the end, the Crisis Committee are the ones who will take a decision,\u201d he told Yahduth Fi Misr host Sherif Amer <a href=\"https:\/\/www.youtube.com\/watch?v=jp3n4rrlew4\">watch, runtime: 2:26)<\/a>.<\/p>\n<p><strong>Daily covid cases topped 400 for the first time since July yesterday:<\/strong> The Health Ministry <a href=\"https:\/\/bit.ly\/36xJvF1\">reported<\/a> 421 new covid-19 infections yesterday, up from 392 the day before, bringing the total number of cases to 116,724.<strong> There has also been an increase in the number of serious cases of covid<\/strong>, Saad said, saying intensive care beds are now at 52% occupancy and that 31% of the country\u2019s ventilators are now in use.<\/p>\n<p><strong>Highest death toll since August: <\/strong>The ministry reported 28 new deaths, the highest daily toll since 1 August and bringing the country\u2019s total death toll to 6,694.<\/p>\n<p><strong>And may we have 25 weeks before we get hold of a vaccine:<\/strong> The first shipments of vaccines deployed through the World Health Organization\u2019s Covax program will take place on 20-21 May 2021, Saad told Extra News\u2019 Lama Gibril yesterday (<a href=\"https:\/\/www.youtube.com\/watch?v=N-c3Wjklb-c\">watch, runtime: 11:39<\/a>). Covax aims to distribute covid jabs to lower-income countries for no charge,<\/p>\n<p><strong>And what are we getting?<\/strong> Saad told Ala Mas\u2019ouleety\u2019s Ahmed Moussa that the government will receive 20 mn doses of a two-shot vaccine under Covax (<a href=\"https:\/\/www.youtube.com\/watch?v=_0flo2aAEMA\">watch, runtime: 31:48<\/a>). It remains unclear which vaccine would be handed to Egypt through the initiative, since none of the participating companies have had their jabs cleared by regulators.<a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/929937e3-48cf-4b35-a353-bfdacfd80b6a\">We\u2019re also getting 25 mn shots of Russia\u2019s Sputnik V<\/a>, enough to vaccinate another 12.5 mn people because it\u2019s a two-jab per-person vaccine.<\/p>\n<p><strong>In any case<\/strong>, since only 22.5 mn Egyptians will be vaccinated through Covax + Sputnik, we\u2019re going to need to purchase more. Saad told Gibril that the government is looking to grab another 10 mn shots and at this stage is likely to go with AstraZeneca over Pfizer.<\/p>\n<p><strong>UK citizens are in a much better position right now after regulators signed off on the <\/strong><strong>Pfizer \/ BioNTech vax<\/strong>, allowing the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/dc3a3a2e-ab0c-4bac-ac15-fc1e45735533\">95% effective<\/a> inoculation to be distributed to frontline health workers and the vulnerable in the coming days, <a href=\"https:\/\/www.bbc.com\/news\/health-55145696\">the BBC<\/a> reports. The government has ordered 40 mn doses of the two-shot vaccine \u2014 enough for almost a third of the population \u2014 and 800k are already on their way to the country.<\/p>\n<p><strong>The US might be quick to follow suit<\/strong>, with the FDA set to meet on 10 December to discuss potential emergency authorization of the Pfizer and BioNTech vaccine. And the EU, which criticized the hurried approach taken by UK regulators, could approve it later this month.<\/p>\n<p><strong>Meanwhile in Russia, Putin has ordered mass vaccination via Sputnik V to begin next <\/strong><strong>week.<\/strong> Voluntary and free-of-charge, the campaign will see some 2 mn shots of the 91.4% effective shot administered, with doctors and teachers first in line to receive it, the <a href=\"https:\/\/apnews.com\/article\/europe-moscow-coronavirus-pandemic-vladimir-putin-europe-093e3ef365591e9eafde5874253b04cf\">Associated Press<\/a> reports.<\/p>\n<p><strong>The UK\u2019s vax approval is getting coverage everywhere<\/strong>, from <a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-britain-vaccine\/in-world-first-uk-approves-pfizer-biontech-covid-19-vaccine-idUSKBN28C0OW\">Reuters<\/a> to <a href=\"https:\/\/www.wsj.com\/articles\/pfizer-and-biontechs-covid-19-vaccine-wins-u-k-authorization-11606893360\">the Wall Street Journal<\/a> and the <a href=\"https:\/\/www.ft.com\/content\/c60f49c1-34c8-4cd0-b295-87f35c70bc04\">Financial Times<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/astrazeneca\/\">AstraZeneca<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covax\/\">Covax<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pfizer\/\">Pfizer<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/russia\/\">Russia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sputnik-v\/\">Sputnik V<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/uk\/\">UK<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us\/\">US<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/vaccines\/\">vaccines<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-health-organization\/\">World Health Organization<\/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=\"567685\" 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=\"567685\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">Economy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/03\/govt-investment-portfolio-to-go-100-green-by-2023\/\">\r\n                            Gov\u2019t investment portfolio to go 100% green by 2023                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/03\/govt-investment-portfolio-to-go-100-green-by-2023\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2020\/12\/03\/govt-investment-portfolio-to-go-100-green-by-2023\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2020\/12\/03\/govt-investment-portfolio-to-go-100-green-by-2023\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Gov\u2019t investment portfolio to go 100% green by 2023&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/03\/govt-investment-portfolio-to-go-100-green-by-2023\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/03\/govt-investment-portfolio-to-go-100-green-by-2023\/&title=Gov\u2019t investment portfolio to go 100% green by 2023\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Gov%E2%80%99t+investment+portfolio+to+go+100%25+green+by+2023+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F03%2Fgovt-investment-portfolio-to-go-100-green-by-2023%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/03\/govt-investment-portfolio-to-go-100-green-by-2023\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/68.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"567686\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/03\/govt-investment-portfolio-to-go-100-green-by-2023\/68-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/68.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"68.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/68.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/68.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567685\" class=\"content-area-description single-story post-567685 post type-post status-publish format-standard has-post-thumbnail hentry category-economy tag-economy tag-enterpriseam tag-environment tag-green-economy tag-hala-el-said tag-investment-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a id=\"tldr-story-02\" class=\"content-anchor\"><\/a> <strong>Egypt is doubling down on its plans to go green, with a strategy to exclusively <\/strong><strong>back green projects by 2023<\/strong>, said Planning Minister Hala El Said at the Egypt Economic Summit yesterday, according to a ministry <a href=\"https:\/\/bit.ly\/3omAGE9\">statement<\/a>. The minister had said that <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/215c347a-e9a3-4440-adb8-648ba394b2ac\">Egypt would invest<\/a> EGP 36.7 bn in green projects in FY2020-2021, accounting for 14% of its investment budget for the fiscal year, before increasing this to 30% next year. The strategy aims to bring that figure to 100% within three years.<\/p>\n<p><strong>Egypt has been big on all things green in 2020: <\/strong>Egypt issued USD 750 mn of<a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5d1b54d5-5efa-41c9-ac8b-728b105b2ef0\">sovereign<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5d1b54d5-5efa-41c9-ac8b-728b105b2ef0\">green bonds<\/a> in the region\u2019s maiden issuance in September, the proceeds of which will fund <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f00cd908-06ed-4dbe-bd49-35899259c250\">environmentally-friendly transport, water and waste-management projects<\/a>. Electricity Minister Mohamed Shaker said in October that the government hopes <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b9a2fcc7-898e-4763-8f42-9fb6a3f434a2\">renewables will account for 60%<\/a> of the country\u2019s energy mix by 2035.<\/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\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/environment\/\">environment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/green-economy\/\">Green Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hala-el-said\/\">Hala El Said<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"567687\" 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=\"567687\">\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\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/03\/private-sector-to-bid-in-bumper-solar-tender\/\">\r\n                            Private sector to bid in bumper solar tender                        <\/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\/03\/private-sector-to-bid-in-bumper-solar-tender\/\" 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\/03\/private-sector-to-bid-in-bumper-solar-tender\/')\">\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\/03\/private-sector-to-bid-in-bumper-solar-tender\/\">\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=Private sector to bid in bumper solar tender&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/03\/private-sector-to-bid-in-bumper-solar-tender\/\">\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\/03\/private-sector-to-bid-in-bumper-solar-tender\/&title=Private sector to bid in bumper solar tender\">\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=Private+sector+to+bid+in+bumper+solar+tender+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F03%2Fprivate-sector-to-bid-in-bumper-solar-tender%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\/03\/private-sector-to-bid-in-bumper-solar-tender\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567687\" class=\"content-area-description single-story post-567687 post type-post status-publish format-standard hentry category-energy tag-energy tag-enterpriseam tag-renewables tag-sustainability 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>Private sector companies will be invited to bid in a new tender to construct <\/strong><strong>solar projects with a combined capacity of 550 MW<\/strong>, <a href=\"https:\/\/bit.ly\/3fZ53NL\">Al Mal<\/a> reports, citing sources in the Energy Ministry. The combined cost of the plants is expected to come at EGP 9.5 bn (c. USD 600 mn), the sources said without disclosing the plants\u2019 planned locations or the expected timeline for the tender. The plants will be implemented under a build-own-operate framework, they added.<\/p>\n<p>Meanwhile, <strong>Acwa Power has tapped Sterling and Wilson for construction works at its<\/strong><strong> Kom Ombo plant<\/strong>, <a href=\"https:\/\/alborsaanews.com\/2020\/12\/02\/1403073\">the local press<\/a>reports. The Saudi-based energy company had previously contracted India\u2019s Mahindra Susten for its <a href=\"https:\/\/www.acwapower.com\/en\/projects\/kom-ombo-pv\/\">USD 165 mn, 200 MW project<\/a>.<\/p>\n<p><strong>DIVE DEEPER<\/strong> with our three-part series on how covid-19 impacted Egypt\u2019s renewables sector: Tap \/ click here for <a href=\"https:\/\/enterprise.press\/hardhats\/covid-19-oil-price-volatility-impacting-egypts-renewable-energy-sector-part-1-lockdown\/\">Part 1<\/a>, <a href=\"https:\/\/enterprise.press\/hardhats\/covid-19-oil-price-volatility-impacting-egypts-renewable-energy-sector-part-2-oil-shock\/\">Part 2<\/a>, and <a href=\"https:\/\/enterprise.press\/hardhats\/covid-19-impacting-egypts-renewable-energy-sector-part-3-overcapacity-problem\/\">Part 3<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/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\/sustainability\/\">sustainability<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"567688\" 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=\"567688\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/03\/the-great-lebanese-bank-sell-off-act-i\/\">\r\n                            The Great Lebanese Bank Sell Off, Act I                        <\/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\/03\/the-great-lebanese-bank-sell-off-act-i\/\" 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\/03\/the-great-lebanese-bank-sell-off-act-i\/')\">\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\/03\/the-great-lebanese-bank-sell-off-act-i\/\">\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 Great Lebanese Bank Sell Off, Act I&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/03\/the-great-lebanese-bank-sell-off-act-i\/\">\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\/03\/the-great-lebanese-bank-sell-off-act-i\/&title=The Great Lebanese Bank Sell Off, Act I\">\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+Great+Lebanese+Bank+Sell+Off%2C+Act+I+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F03%2Fthe-great-lebanese-bank-sell-off-act-i%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\/03\/the-great-lebanese-bank-sell-off-act-i\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/69.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"567689\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/03\/the-great-lebanese-bank-sell-off-act-i\/69-jpg-12\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/69.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"69.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/69.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/69.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567688\" class=\"content-area-description single-story post-567688 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch tag-bahrain tag-bank-abc tag-blom-bank tag-emirates-nbd tag-enterpriseam tag-lebanon tag-ma-watch 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 Great Lebanese Bank Sell Off is gaining steam:<\/strong> Gulf banks First Abu Dhabi Bank and Bank ABC are both reportedly expediting their attempts to purchase the assets of ailing Lebanese banks and increase their share of the Egyptian banking sector. Bank ABC appears to be in pole position to acquire Blom Bank\u2019s Egypt unit after the Lebanese bank <a href=\"https:\/\/www.blombank.com\/english\/news-and-publications\/press-releases\/potential-sale-of-blom-bank-egypt\">said yesterday<\/a> it was in \u201cexclusive talks\u201d to sell its 99.42% stake. Fellow GCC lender Emirates NBD <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bb2cbcea-a6cb-45cb-9735-30ce72bc111e\">had also been interested<\/a> in Blom\u2019s Egypt arm, but now appears to be out of the running. Reports <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ad816f00-8490-417f-8fc0-d8b124dcd05f\">last month<\/a> had suggested Bank ABC is planning to make a \u201cgenerous offer\u201d for Blom after wrapping up its due diligence.<\/p>\n<p><strong>Meanwhile- First Abu Dhabi Bank (FAB) is reportedly accelerating its due diligence on <\/strong><strong>Bank Audi Egypt<\/strong> and plans to make an offer this month or early next year, <a href=\"https:\/\/bit.ly\/39wThJr\">Masrawy<\/a> reports, citing unnamed industry sources. FAB bank wants to avoid giving any of its rivals a chance to lodge a bid for the assets, which could be valued at around USD 700 mn. The Emirati bank resumed negotiations <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/23918bcf-5e12-4ca5-b57e-940723993ef5\">in September<\/a> after they were put on hold in May due to covid-19. Lebanese banks have been looking to exit Egypt due to the financial crisis roiling their home country.<\/p>\n<p><strong>The ongoing financial crisis in Lebanon has forced <\/strong>both Bank Audi and Blom to head for the exit as liquidity issues and new, stringent capital requirements at home put pressure on their balance sheets.<\/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\/bahrain\/\">Bahrain<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/bank-abc\/\">Bank ABC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/blom-bank\/\">Blom Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/emirates-nbd\/\">Emirates NBD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/lebanon\/\">Lebanon<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ma-watch\/\">M&amp;A Watch<\/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=\"567690\" 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=\"567690\">\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\">MARKET WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/03\/speed-medical-to-be-the-first-jump-from-nilex-to-the-egx\/\">\r\n                            Speed Medical to be the first jump from Nilex to the EGX                        <\/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\/03\/speed-medical-to-be-the-first-jump-from-nilex-to-the-egx\/\" 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\/03\/speed-medical-to-be-the-first-jump-from-nilex-to-the-egx\/')\">\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\/03\/speed-medical-to-be-the-first-jump-from-nilex-to-the-egx\/\">\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=Speed Medical to be the first jump from Nilex to the EGX&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/03\/speed-medical-to-be-the-first-jump-from-nilex-to-the-egx\/\">\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\/03\/speed-medical-to-be-the-first-jump-from-nilex-to-the-egx\/&title=Speed Medical to be the first jump from Nilex to the EGX\">\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=Speed+Medical+to+be+the+first+jump+from+Nilex+to+the+EGX+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F03%2Fspeed-medical-to-be-the-first-jump-from-nilex-to-the-egx%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\/03\/speed-medical-to-be-the-first-jump-from-nilex-to-the-egx\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/70.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"567691\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/03\/speed-medical-to-be-the-first-jump-from-nilex-to-the-egx\/70-jpg-11\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/70.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"70.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/70.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/70.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567690\" class=\"content-area-description single-story post-567690 post type-post status-publish format-standard has-post-thumbnail hentry category-market-watch tag-capital-markets tag-egx tag-enterpriseam tag-ipo-watch tag-market-watch tag-pharma tag-speed-medical 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>Speed Medical (SPMD) will start trading its shares on the EGX from next Sunday<\/strong> after completing its upgrade from the Nilex via a capital increase, the <a href=\"https:\/\/bit.ly\/39HZZvY\">local press<\/a> reports. The exchange\u2019s registration committee approved the listing following the company\u2019s EGP 221.8 mn capital increase, paving the way for it to become the first to make the transition from the small-cap market to the EGX. SPMD joined the Nilex in April 2019. The company <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a5d8b082-3b52-412a-95c9-35e4d5bb02b9\">previously said<\/a> it plans to use the capital increase to expand its Al-Obour medical facility on the Ismailia Desert Road, and grow its network of analysis labs.<\/p>\n<p><strong>The news comes as leading industry player IDH is exploring <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b3e0aca1-37f1-4794-a796-f7d4f4bfc486\">the possibility of a local<\/a><\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b3e0aca1-37f1-4794-a796-f7d4f4bfc486\">listing<\/a><\/strong><strong>. <\/strong>IDH, which operates the Al Borg and Al Mokhtabar labs brand in Egypt and is also present in Jordan, Nigeria and Sudan, is listed on the London Stock Exchange.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/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\/market-watch\/\">Market Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pharma\/\">pharma<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/speed-medical\/\">Speed Medical<\/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=\"567692\" 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=\"567692\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/03\/567692\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567692\" class=\"content-area-description single-story post-567692 post type-post status-publish format-standard hentry category-uncategorized wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class='web-image'><a href='https:\/\/www.sodic.com\/'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/11\/SODIC-Karmell-1600px.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"567693\" 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=\"567693\">\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\">Investment Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/03\/centamin-is-pouring-resources-into-sukari-in-search-of-higher-grade-gold\/\">\r\n                            Centamin is pouring resources into Sukari in search of higher-grade gold                        <\/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\/03\/centamin-is-pouring-resources-into-sukari-in-search-of-higher-grade-gold\/\" target=\"_blank\">\n                    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 <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Centamin is pouring resources into Sukari in search of higher-grade gold&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/03\/centamin-is-pouring-resources-into-sukari-in-search-of-higher-grade-gold\/\">\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\/03\/centamin-is-pouring-resources-into-sukari-in-search-of-higher-grade-gold\/&title=Centamin is pouring resources into Sukari in search of higher-grade gold\">\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=Centamin+is+pouring+resources+into+Sukari+in+search+of+higher-grade+gold+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F03%2Fcentamin-is-pouring-resources-into-sukari-in-search-of-higher-grade-gold%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\/03\/centamin-is-pouring-resources-into-sukari-in-search-of-higher-grade-gold\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567693\" class=\"content-area-description single-story post-567693 post type-post status-publish format-standard hentry category-investment-watch tag-centamin tag-enterpriseam tag-gold tag-investment-watch tag-sukari-gold-mine 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>Centamin to pour resources into Sukari in search of higher-grade gold:<\/strong> Egypt-focused Australian gold miner Centamin will invest USD 595 mn between 2021 and 2024 to up productivity and cut operating costs at its Sukari mine in the Eastern Desert, the company <a href=\"https:\/\/tools.eurolandir.com\/tools\/Pressreleases\/GetPressRelease\/?ID=3844535&lang=en-GB&companycode=au-cey&v=\">said yesterday<\/a>. The investment will go into increasing waste stripping at the mine, which the company believes will up its production from 445-455k oz currently to 450-500k oz by 2024. CEO Martin Horgan said the company is now focusing on \u201cgenerating strong and sustainable cash flows,\u201d <a href=\"https:\/\/www.reuters.com\/article\/idUSL1N2II10O\">telling reporters<\/a> that it was ending its previous \u201cdogmatic\u201d emphasis on production targets.<\/p>\n<p><strong>Waste stripping?<\/strong> Put simply, it\u2019s a process that enables miners to extract higher-quality gold. Centamin has awarded the local office of LSE-listed <a href=\"https:\/\/www.capdrill.com\/\">Capital Drilling<\/a> a four-year contract to do the work, the company said in <a href=\"https:\/\/tools.eurolandir.com\/tools\/Pressreleases\/GetPressRelease\/?ID=3844536&lang=en-GB&companycode=au-cey&v=\">a separate statement<\/a>.<\/p>\n<p><strong>Production at the Sukkari mine is <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a240076c-0a4c-4b11-b36f-762927d0fea5\">expected to fall by as much as 42%<\/a><\/strong><strong> this quarter<\/strong> after extraction plans slated for this year were put on hold after <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/be6436ba-b371-432b-959e-27e74fb19f40\">parts of the mine were shut<\/a> for safety reasons. Centamin was among 11 companies <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/72010319-5236-4436-851b-4b55455f42ff\">awarded gold exploration rights<\/a> last month for 82 blocks in the Eastern Desert in the government\u2019s latest exploration tender.<\/p>\n<p><strong>In other investment news-<\/strong><\/p>\n<p><strong>Eastern Company will invest EGP 1.1 bn during the current fiscal year, <\/strong>the <a href=\"https:\/\/bit.ly\/3ql7ajD\">local<\/a><a href=\"https:\/\/bit.ly\/3ql7ajD\"><\/a><a href=\"https:\/\/bit.ly\/3ql7ajD\">press<\/a> reports, citing a statement made by managing director Hany Aman to Reuters on the sidelines of the Egypt Economic Summit. The funds will go toward manufacturing cigarette machines and producing tobacco fruit molasses, Aman said, adding that the company aims to grow its top line by 10% in FY2020-2021, from the EGP 14.5 bn recorded in FY2019-2020. Eastern Company dominates the local market for tobacco products with a 70% market share.<\/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\/centamin\/\">Centamin<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gold\/\">gold<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sukari-gold-mine\/\">Sukari gold mine<\/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=\"567694\" 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=\"567694\">\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\">HOUSING<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/03\/own-an-illegal-building-you-have-another-month-to-settle-with-the-govt\/\">\r\n                            Own an illegal building? You have another month to settle with the gov\u2019t.                        <\/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\/03\/own-an-illegal-building-you-have-another-month-to-settle-with-the-govt\/\" 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\/03\/own-an-illegal-building-you-have-another-month-to-settle-with-the-govt\/')\">\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\/03\/own-an-illegal-building-you-have-another-month-to-settle-with-the-govt\/\">\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=Own an illegal building? You have another month to settle with the gov\u2019t.&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/03\/own-an-illegal-building-you-have-another-month-to-settle-with-the-govt\/\">\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\/03\/own-an-illegal-building-you-have-another-month-to-settle-with-the-govt\/&title=Own an illegal building? You have another month to settle with the gov\u2019t.\">\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=Own+an+illegal+building%3F+You+have+another+month+to+settle+with+the+gov%E2%80%99t.+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F03%2Fown-an-illegal-building-you-have-another-month-to-settle-with-the-govt%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\/03\/own-an-illegal-building-you-have-another-month-to-settle-with-the-govt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/71.png?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"567695\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/03\/own-an-illegal-building-you-have-another-month-to-settle-with-the-govt\/71-png\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/71.png?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"71.png\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/71.png?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/71.png?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567694\" class=\"content-area-description single-story post-567694 post type-post status-publish format-standard has-post-thumbnail hentry category-housing tag-building-code tag-enterpriseam tag-housing 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>Property owners in violation of the building code are getting yet another extension <\/strong><strong>to settle up with the government until<\/strong>, according to a cabinet <a href=\"https:\/\/bit.ly\/3fZQGsx\">statement<\/a>. The new deadline at the end of December comes as officials want to keep the door open for as many settlements as possible, even after repeatedly saying there would be <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b04e55b4-889a-4849-a2c3-71fb59c82564\">no further delays<\/a>. Egypt has been cracking down on <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2c00ded3-ca2a-4ab9-a9b9-c00a898f1cad\">wildcat building<\/a> and had originally set a settlement deadline for last August, but pushed it until <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a62aefd7-8f3c-4bdc-bd84-c5ec4117dda5\">September<\/a> due to the economic fallout from covid-19. The deadline has since been pushed ot the end of October and then November and was finally meant to expire this past <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c963a495-4348-4831-bbd5-bf4438719893\">Tuesday<\/a>. The government has also <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c963a495-4348-4831-bbd5-bf4438719893\">reduced building code violation fines<\/a> by as much as 70% in some governorates to encourage residents to formally register their homes.<\/p>\n<p><strong>The government has now received more than EGP 17 bn in reconciliation fees<\/strong>, cabinet spokesperson Nader Saad told Yahduth Fi Misr\u2019s Sherif Amer last night <a href=\"https:\/\/www.youtube.com\/watch?v=VjxDQ7IMJlo\">(watch, runtime: 1:54)<\/a>. He stressed that yesterday\u2019s extension will definitely be the final one.<\/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\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"567696\" 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=\"567696\">\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\">Infrastructure<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/03\/world-bank-to-provide-usd-500-mn-loan-to-upgrade-imbaba-alex-railway\/\">\r\n                            World Bank to provide USD 500 mn loan to upgrade Imbaba-Alex railway                        <\/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\/03\/world-bank-to-provide-usd-500-mn-loan-to-upgrade-imbaba-alex-railway\/\" 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\/03\/world-bank-to-provide-usd-500-mn-loan-to-upgrade-imbaba-alex-railway\/')\">\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\/03\/world-bank-to-provide-usd-500-mn-loan-to-upgrade-imbaba-alex-railway\/\">\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=World Bank to provide USD 500 mn loan to upgrade Imbaba-Alex railway&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/03\/world-bank-to-provide-usd-500-mn-loan-to-upgrade-imbaba-alex-railway\/\">\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\/03\/world-bank-to-provide-usd-500-mn-loan-to-upgrade-imbaba-alex-railway\/&title=World Bank to provide USD 500 mn loan to upgrade Imbaba-Alex railway\">\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=World+Bank+to+provide+USD+500+mn+loan+to+upgrade+Imbaba-Alex+railway+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F03%2Fworld-bank-to-provide-usd-500-mn-loan-to-upgrade-imbaba-alex-railway%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\/03\/world-bank-to-provide-usd-500-mn-loan-to-upgrade-imbaba-alex-railway\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/72.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"567697\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/03\/world-bank-to-provide-usd-500-mn-loan-to-upgrade-imbaba-alex-railway\/72-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/72.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"72.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/72.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/72.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567696\" class=\"content-area-description single-story post-567696 post type-post status-publish format-standard has-post-thumbnail hentry category-infrastructure tag-enterpriseam tag-infrastructure tag-transport tag-transport-ministry tag-world-bank wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>World Bank to provide USD 500 mn loan to upgrade Imbaba-Alex railway:<\/strong> The Transport Ministry reached an agreement with the World Bank for a USD 500 mn soft loan to add a duplicate set of tracks to the Imbaba-Mansheya-Alexandria railway line, <a href=\"https:\/\/bit.ly\/37vBRtU\">Al Mal<\/a> reports, citing unnamed sources familiar with the matter. The project is expected to be completed within 24 months of receiving the loan, they added. The bank said in October that it could provide as much as USD 250 mn toward upgrading the <strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e9d2ea71-00e8-4351-a47e-ce3fbed9687d\">Alexandria-Cairo-Nagaa Hammadi line<\/a><\/strong><strong>,<\/strong> involving new signaling and tracks.<\/p>\n<p><strong>It has been a busy couple of weeks as far as Egypt\u2019s railways are concerned:<\/strong> Last month\u2019s TransMea conference saw a series of agreements signed that aim to upgrade the nation\u2019s ailing rail network. These included <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/aa812190-8b67-4c0d-ad95-776bd982a04b\">new finance<\/a> for the Tenth of Ramadan-new capital electric railway, a new signalling control center, and the creation of <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b53954d2-8ae2-4eb9-b5c3-ef082e747867\">the National Egyptian Company for Railroad Industries<\/a>, which will invest USD 10 bn in the coming years to kick-start local assembly and refurbing of locomotives.<\/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\/infrastructure\/\">infrastructure<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/transport-ministry\/\">Transport Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-bank\/\">World Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"567698\" 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=\"567698\">\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\">Cabinet watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/03\/e-invoicing-system-gains-steam-with-july-21-deadline-for-state-entities\/\">\r\n                            E-invoicing system gains steam with July \u201821 deadline for state entities                        <\/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\/03\/e-invoicing-system-gains-steam-with-july-21-deadline-for-state-entities\/\" 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\/03\/e-invoicing-system-gains-steam-with-july-21-deadline-for-state-entities\/')\">\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\/03\/e-invoicing-system-gains-steam-with-july-21-deadline-for-state-entities\/\">\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=E-invoicing system gains steam with July \u201821 deadline for state entities&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/03\/e-invoicing-system-gains-steam-with-july-21-deadline-for-state-entities\/\">\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\/03\/e-invoicing-system-gains-steam-with-july-21-deadline-for-state-entities\/&title=E-invoicing system gains steam with July \u201821 deadline for state entities\">\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=E-invoicing+system+gains+steam+with+July+%E2%80%9821+deadline+for+state+entities+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F03%2Fe-invoicing-system-gains-steam-with-july-21-deadline-for-state-entities%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\/03\/e-invoicing-system-gains-steam-with-july-21-deadline-for-state-entities\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/73.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"567699\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/03\/e-invoicing-system-gains-steam-with-july-21-deadline-for-state-entities\/73-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/73.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"73.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/73.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/73.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567698\" class=\"content-area-description single-story post-567698 post type-post status-publish format-standard has-post-thumbnail hentry category-cabinet-watch tag-cabinet-watch tag-development tag-economy tag-enterpriseam tag-infrastructure tag-social-welfare tag-subsidies tag-tax wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The public sector is getting an e-makeover with new requirements to register on <\/strong><strong>the Tax Authority\u2019s electronic invoicing system <\/strong>by the start of the next fiscal year in July 2021, <a href=\"https:\/\/bit.ly\/3mrcm3f\">the cabinet decided<\/a> at its weekly meeting yesterday. Local authorities will also be banned from contracting service providers of any kind who are not also registered on the system, cabinet <a href=\"https:\/\/bit.ly\/3odM8Sk\">added<\/a>. All public and private sector companies alike are expected to be in the system by April 2023, Finance Minister Maait <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/99a6ca73-945a-43a8-9bb3-70e01e484a6c\">had previously said<\/a>.<\/p>\n<p><strong>The tax authority\u2019s e-invoicing system is attempting to curb tax evasion.<\/strong> The first trial phase of the system was <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/99a6ca73-945a-43a8-9bb3-70e01e484a6c\">launched last month<\/a> with 134 companies, while the second phase will include an additional 340 entities, and is expected to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d7a240b8-9dd8-48a5-a4c9-556f4c280f5b\">launch in February 2021<\/a>. The government is attempting to develop a unified digital tax payment system, which will enable businesses to file and pay income tax, stamp tax, VAT and real estate tax through a single online platform.<\/p>\n<p><strong>MEANWHILE- More middle-income households now have access to social housing <\/strong>after the government raised the maximum monthly individual and household incomes to be eligible for President Abdel Fattah El Sisi\u2019s \u201ca home for every Egyptian\u201d initiative. The monthly income threshold for families is now EGP 14k, up from EGP 9k, and EGP 10k for individuals, up from EGP 7k.<\/p>\n<p><strong>Also approved by cabinet:<\/strong> A decision to begin the process to sign long-term supply agreements with several private sector energy companies building renewable energy plants under build-own-operate frameworks.<\/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\/cabinet-watch\/\">cabinet watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/development\/\">development<\/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\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/social-welfare\/\">social welfare<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/subsidies\/\">subsidies<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tax\/\">tax<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"567700\" 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=\"567700\">\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\">CURRENT AFFAIRS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/03\/juhaynas-safwan-thabet-is-detained-pending-investigation\/\">\r\n                            Juhayna\u2019s Safwan Thabet is detained pending investigation                        <\/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\/03\/juhaynas-safwan-thabet-is-detained-pending-investigation\/\" 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\/03\/juhaynas-safwan-thabet-is-detained-pending-investigation\/')\">\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\/03\/juhaynas-safwan-thabet-is-detained-pending-investigation\/\">\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=Juhayna\u2019s Safwan Thabet is detained pending investigation&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/03\/juhaynas-safwan-thabet-is-detained-pending-investigation\/\">\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\/03\/juhaynas-safwan-thabet-is-detained-pending-investigation\/&title=Juhayna\u2019s Safwan Thabet is detained pending investigation\">\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=Juhayna%E2%80%99s+Safwan+Thabet+is+detained+pending+investigation+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F03%2Fjuhaynas-safwan-thabet-is-detained-pending-investigation%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\/03\/juhaynas-safwan-thabet-is-detained-pending-investigation\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567700\" class=\"content-area-description single-story post-567700 post type-post status-publish format-standard hentry category-current-affairs tag-current-affairs tag-enterpriseam tag-juhayna tag-politics tag-safwan-thabet wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Juhayna Chairman Safwan Thabet has been detained by authorities \u201cpending <\/strong><strong>investigation,\u201d <\/strong>the FMCG giant said in <a href=\"https:\/\/ent.news\/2020\/12\/juhina_2-12-2020_english.pdf\">a statement<\/a>. The company said the arrest \u201cis not related in any way to the company, its daily operations, or management.\u201d <a href=\"https:\/\/www.reuters.com\/article\/idUSKBN28C1O2\">Reuters<\/a> cites an unnamed security source as saying the veteran businessman was arrested due to allegations of \u201cfinancial irregularities,\u201d but does not make clear that those were related to Juhayna. Thabet\u2019s son and Juhayna deputy chairman and CEO, Seif, will become the acting chairman, the company said. Daily operations at the company are continuing as normal.<\/p>\n<p><strong>This isn\u2019t the first time Thabet has had issues:<\/strong> Thabet was placed on a terror watchlist <a href=\"https:\/\/enterprise.press\/stories\/2017\/01\/18\/criminal-court-puts-aboutrika-and-safwan-thabet-on-list-of-designated-terrorists\/\">in 2017<\/a> and saw his personal assets frozen for an alleged affiliation with the Ikhwan. He <a href=\"https:\/\/enterprise.press\/stories\/2017\/06\/21\/administrative-court-has-rejected-an-appeal-by-safwan-thabet-to-unfreeze-his-accounts\/\">denied<\/a> belonging to the banned group, claiming that his \u201cfamilial ties to former Ikhwan leader Hassan El Houdaiby do not mean he belongs to the Ikhwan.\u201d Thabet appealed the asset freeze several times, but all appeals were rejected, according to <a href=\"https:\/\/www.alhurra.com\/egypt\/2020\/12\/02\/%D9%85%D8%B5%D8%B1-%D8%A7%D9%84%D9%82%D8%A8%D8%B6-%D8%B1%D8%AC%D9%84-%D8%A7%D9%84%D8%A3%D8%B9%D9%85%D8%A7%D9%84-%D8%B5%D9%81%D9%88%D8%A7%D9%86-%D8%AB%D8%A7%D8%A8%D8%AA-%D8%B5%D8%A7%D8%AD%D8%A8-%D8%B4%D8%B1%D9%83%D8%A9-%D8%AC%D9%87%D9%8A%D9%86%D8%A9\">Alhurra<\/a>.<\/p>\n<p><strong>Juhayna was the biggest loser on the EGX yesterday:<\/strong> Shares fell 6.25% following news of Thabet\u2019s arrest to reach EGP 6.45 apiece.<\/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\/current-affairs\/\">CURRENT AFFAIRS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/juhayna\/\">Juhayna<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/politics\/\">politics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/safwan-thabet\/\">Safwan Thabet<\/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=\"567701\" 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=\"567701\">\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\">Making It<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/03\/the-making-it-season-3-finale-how-to-fundraise-with-actis-partner-hossam-abou-moussa\/\">\r\n                            The Making It season 3 finale: How to fundraise, with Actis Partner Hossam Abou Moussa                        <\/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\/03\/the-making-it-season-3-finale-how-to-fundraise-with-actis-partner-hossam-abou-moussa\/\" 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\/03\/the-making-it-season-3-finale-how-to-fundraise-with-actis-partner-hossam-abou-moussa\/')\">\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\/03\/the-making-it-season-3-finale-how-to-fundraise-with-actis-partner-hossam-abou-moussa\/\">\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 Making It season 3 finale: How to fundraise, with Actis Partner Hossam Abou Moussa&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/03\/the-making-it-season-3-finale-how-to-fundraise-with-actis-partner-hossam-abou-moussa\/\">\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\/03\/the-making-it-season-3-finale-how-to-fundraise-with-actis-partner-hossam-abou-moussa\/&title=The Making It season 3 finale: How to fundraise, with Actis Partner Hossam Abou Moussa\">\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+Making+It+season+3+finale%3A+How+to+fundraise%2C+with+Actis+Partner+Hossam+Abou+Moussa+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F03%2Fthe-making-it-season-3-finale-how-to-fundraise-with-actis-partner-hossam-abou-moussa%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\/03\/the-making-it-season-3-finale-how-to-fundraise-with-actis-partner-hossam-abou-moussa\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/74.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"567702\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/03\/the-making-it-season-3-finale-how-to-fundraise-with-actis-partner-hossam-abou-moussa\/74-jpg-17\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/74.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"74.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/74.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/74.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567701\" class=\"content-area-description single-story post-567701 post type-post status-publish format-standard has-post-thumbnail hentry category-making-it tag-actis tag-covid-19 tag-emerging-markets tag-enterpriseam tag-hossam-abou-moussa tag-making-it tag-podcast wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>It\u2019s the last Making It Day of 2020: <\/strong>Our final episode of season three is out today. Thank you for tuning in with us throughout the year.<\/p>\n<p><strong>Hossam Abou Moussa, partner at Actis: <\/strong>With over 20 years\u2019 experience in private equity, Abou Moussa joined the London-based emerging markets private equity giant in 2006 and leads a team of investment professionals who invest in financial services in Egypt and across emerging markets.<\/p>\n<p><strong>Actis is synonymous with private equity in EM<\/strong>, with roughly USD 10 bn in funds under management, and over 165 exits under its belt. In Egypt, the company has invested in and <a href=\"https:\/\/www.act.is\/media-centre\/press-releases\/actis-realises-investment-in-egypt-s-commercial-international-bank\/\">successfully exited CIB<\/a> in 2014 and <a href=\"https:\/\/enterprise.press\/stories\/2017\/04\/09\/actis-reportedly-completes-sale-of-remaining-stake-in-edita\/\">realized its investment in Edita<\/a> in 2017. Currently, Actis is a major investor in Integrated Diagnostics Holding, and holds a <a href=\"https:\/\/enterprise.press\/stories\/2019\/08\/06\/fawry-ipos-retail-offering-30x-oversubscribed\/\">7.2% stake in Fawry<\/a>.<\/p>\n<p><strong>What do you need to successfully fundraise? <\/strong>Abou Moussa charts the critical aspects of a successful business from an investor\u2019s point of view, and outlines how they can be leveraged despite a difficult macro landscape. He also highlights which qualities to look for in business partners and investors, as well as the size and stage of businesses that are best fit to take a private equity investor on board.<\/p>\n<p><strong>Tap or click here to listen to the episode on:<\/strong> <a href=\"https:\/\/bit.ly\/3qmtmKb\">Our website<\/a> | <a href=\"https:\/\/apple.co\/3lwLjlV\">Apple Podcasts<\/a> | <a href=\"https:\/\/bit.ly\/3mvNJTd\">Google Podcasts<\/a>| <a href=\"https:\/\/bit.ly\/3fZX2bm\">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\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\/actis\/\">Actis<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/emerging-markets\/\">emerging markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hossam-abou-moussa\/\">Hossam Abou Moussa<\/a>\n             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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\" 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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=\"567704\" 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=\"567704\">\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\/03\/egypt-in-the-news-on-3-december-2020\/\">\r\n                            Egypt in the News on 3 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\/03\/egypt-in-the-news-on-3-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(); 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<\/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\/03\/egypt-in-the-news-on-3-december-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567704\" class=\"content-area-description single-story post-567704 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-egyptian-initiative-for-personal-rights tag-enterpriseam tag-human-rights 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-09\"><\/a> <strong>Human rights is everywhere in the foreign press this morning<\/strong> as international pressure builds over the arrest last month of members of the Egyptian Initiative for Personal Rights. A growing number of celebrities (see: <a href=\"https:\/\/www.youtube.com\/watch?v=wKiT2quWZfY\">Scarlett Johansson<\/a>, <a href=\"https:\/\/twitter.com\/stephenfry\/status\/1333334199294693377\">Stephen Fry<\/a>, <a href=\"https:\/\/twitter.com\/freekarimnow\/status\/1333441320715755522\">Bill Nighy<\/a> etc.) have added their voices to the politicians in the US, EU and UK in calling on Egypt to release the members of EIPR detained last month, something <a href=\"https:\/\/edition.cnn.com\/videos\/tv\/2020\/12\/01\/jess-kelly-hossam-bahgat-amanpour-human-rights-egypt.cnn\">CNN<\/a>\u2019s Christine Amanpour dedicated a segment to yesterday. This comes a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6decddaf-1e4f-4574-9773-6c8ea237eab6\">few days after a number of articles dropped<\/a> forecasting a coming fallout between the Biden administration and Egypt over human rights.<\/p>\n<p><strong>Meanwhile:<\/strong> <a href=\"https:\/\/www.reuters.com\/article\/idUSKBN28C2A0\">Reuters<\/a>, <a href=\"https:\/\/www.manilatimes.net\/2020\/12\/03\/news\/world\/ai-blasts-egypts-execution-spree\/804252\/\">AFP<\/a> and <a href=\"https:\/\/www.bbc.com\/news\/world-middle-east-55161872\">the BBC<\/a> cover an <a href=\"https:\/\/www.amnesty.org\/en\/latest\/news\/2020\/12\/egypt-chilling-rise-in-executions-reveals-depth-of-human-rights-crisis\/\">Amnesty International<\/a> report that Egypt executed 57 people in October and November, nearly twice the number of capital punishment judgements as were implemented in all of 2019.<\/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\/egyptian-initiative-for-personal-rights\/\">Egyptian Initiative for Personal Rights<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"567705\" 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=\"567705\">\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\">My Morning Routine<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/03\/my-wfh-routine-mohamed-abdallah-ceo-of-vodafone-egypt\/\">\r\n                            My WFH Routine: Mohamed Abdallah, CEO of Vodafone Egypt                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/03\/my-wfh-routine-mohamed-abdallah-ceo-of-vodafone-egypt\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Speaking to us this week is Mohamed Kamel Abdallah (<a href=\"https:\/\/www.linkedin.com\/in\/mohamed-kamal-abdallah-601b6817\/?originalSubdomain=eg\">LinkedIn<\/a>), CEO of Vodafone Egypt.<\/p>\n<p><strong>I\u2019m Mohamed Kamel Abdallah, the newly appointed CEO of Vodafone Egypt.<\/strong> I\u2019m a husband and father of two. My eldest daughter, Jannah, is 17 and my son, Youssef, is 12. My wife, Sahar, is an interior designer. After 22 years in the telecom industry and over a decade working in one of the best environments in the business world, I\u2019m honored to move into the new position at Vodafone Egypt.<\/p>\n<p><strong>I wake up at 6:45am, grab my first cup of coffee and read the day\u2019s news from bed.<\/strong> I start making my way to the gym at 7:30am and head into the office somewhere between 9 and 9:30am these days. Meetings that may bring up a lot of questions are slotted earlier in the day so that I\u2019m able to make time for myself to reflect later in the afternoon. I take one day for externals and one day to talk to our teams.<\/p>\n<p><strong>We went 100% WFH in March and partially resumed in-person work on 1 August<\/strong> by going back to the office once a week \u2014 at a 20% occupancy rate \u2014 and then moved up to two days a week in September. Each person is required to come into the office twice a week, or up to three days, with approval from upper management. We\u2019re currently 40-50% WFH.<\/p>\n<p><strong>We\u2019re evolving from the office we knew to a much more flexible system<\/strong>. Working from home is really nice \u2014 it's more efficient and you can see productivity going up. Internal reports show our staff is spending more time on tasks, more time on strategy areas and more time developing themselves.<\/p>\n<p><strong>The cultural side of this transition has been a bit of a challenge.<\/strong> We\u2019ve seen people want to go back to interacting with their colleagues. The success of our company is the aggregate brainpower of our organization. Without the right digital mechanism that can fill in some of the gaps left in the absence of physical interaction, it\u2019s not clear to me that the office is dead yet.<\/p>\n<p><strong>I see my role as building a strategy and creating the proper environment <\/strong>for our teams to work well together. Making sure everyone is aligned and equipped with the proper support to execute our strategy is essential.<\/p>\n<p><strong>The telecom industry has evolved dramatically<\/strong> from solely providing voice services to becoming a data provider and now becoming a full connectivity provider. The telecom industry \u2014 and Vodafone specifically \u2014 is responsible for digitizing societies. This is the purpose behind our work. We make sure to deliver the highest quality connectivity products.<\/p>\n<p><strong>We are playing a huge role in financial inclusion and financial services.<\/strong> We started on financial services 10 years ago with Ian Gray \u2014 the godfather of Vodafone Egypt \u2014 to prove that this would become a success in Egypt. We\u2019ve worked with regulators to build the environment and we now have 65% of digital wallets in Egypt and 80% of active wallets, according to NTRA figures.<\/p>\n<p><strong>More than 8 mn Egyptians have Vodafone Cash wallets<\/strong> that process mns of transactions every month. At the start of the pandemic we worked with the government to deliver to some 30k people their day labor subsidy through our service. The market for financial inclusion is still massive and the window for the economy to move into digital financial services is huge. New payroll services on Vodafone Cash or merchant payment relationships that give people an extra way to finance their products could give SMEs a huge boost and help the economy grow.<\/p>\n<p><strong>We recently launched <\/strong><strong><a href=\"https:\/\/vhub.vodafone.com.eg\/portal\/Cloud-%26-Hosting\/AppHub\/c\/apphub\">App Hub<\/a><\/strong><strong>, a new platform for SMEs to digitize their operations.<\/strong> A company with no HR system can subscribe to an automated tool hosted in our cloud rather than going and buying an HR system that\u2019s outside their budget. This is a simple OPEX model paid on your bill. We\u2019re putting some 60 apps onto this and providing it without charge for three months as a trial period. It\u2019s going to change how they do business.<\/p>\n<p><strong>We\u2019ve been working with the government on big digitization projects over the past year. <\/strong>We\u2019re now operating the Universal Health Ins. System in Port Said, the rollout of which we will later be involved in on a national level. Vodafone Egypt was also awarded the biggest private sector cloud agreement in the country by the Public Enterprises Ministry, which will host 60 government entities.<\/p>\n<p><strong>I come back from the office around 7:00pm <\/strong>and try to use the time with the family or watch games. That\u2019s weekdays. And on the weekend, it\u2019s family time. We either visit family and go out as a family.<\/p>\n<p><strong>I\u2019m a big Ahly and Liverpool fan, of course.<\/strong> Mo Salah has been a true inspiration to everyone and he\u2019s our ambassador, so I really enjoy watching all of the games.<\/p>\n<p><strong>Every quarter I try to take one long weekend to disconnect.<\/strong> Sometimes I take the time at home, other times I might travel domestically.<\/p>\n<p><strong>I\u2019ve been reading this business book called <\/strong><strong><a href=\"https:\/\/www.amazon.com\/Purpose-Jim-Tanner\/dp\/1735212008\">On Purpose<\/a><\/strong> by Jim Tanner about the importance of clearly identifying and communicating your organization's purpose. It's essential for getting everyone on your team actively engaged in the work that you do.<\/p>\n<p><strong>Best piece of advice I\u2019ve been given <\/strong>was from Ian Gray: \u201cDon\u2019t worry about things you cannot control.\u201d<\/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\/my-morning-routine\/\">MY MORNING ROUTINE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/vodafone-egypt\/\">Vodafone Egypt<\/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=\"567707\" 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=\"567707\">\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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/03\/what-the-markets-are-doing-on-3-december-2020\/\">\r\n                            What the markets are doing on 3 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\/03\/what-the-markets-are-doing-on-3-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(); 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Foreign investors were net sellers. The index is down -21.1% YTD.<\/p><p><strong>In the green: <\/strong>Eastern Company (+4.9%), Export Development Bank of Egypt (+4.3%) and Dice (+4.3%).<\/p><p><strong>In the red: <\/strong>Juhayna (-6.3%), Edita (-2.1%) and GB Auto (-2.1%).<\/p><p><strong>Asian markets are mixed this morning:<\/strong> Chinese stocks fell slightly in early trading, while bourses in Japan, Korea and Australia are marginally in the green. Futures suggest equities in the UK and US will rise when they open later this morning while the German Dax will see red.<\/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>11,023<\/p>\n<\/td>\n<td>\n<p>-0.2% (YTD: -21.1%)<\/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-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>Tadawul<\/strong><\/p>\n<\/td>\n<td>\n<p>8,694<\/p>\n<\/td>\n<td>\n<p>-0.32% (YTD: 3.63%)<\/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-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>S&amp;P <\/strong><strong>5<\/strong><strong>00<\/strong><\/p>\n<\/td>\n<td>\n<p>3,669<\/p>\n<\/td>\n<td>\n<p>+0.18% (YTD: 13.56%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>FTSE 100<\/strong><\/p>\n<\/td>\n<td>\n<p>6,463<\/p>\n<\/td>\n<td>\n<p>+1.23% (YTD: -14.31%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 48.04<\/p>\n<\/td>\n<td>\n<p>+1.31%<\/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>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td>\n<p>USD 2.74<\/p>\n<\/td>\n<td>\n<p>-4.76%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Gold<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 1,835.00<\/p>\n<\/td>\n<td>\n<p>+0.89%<\/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 19,142<\/p>\n<\/td>\n<td>\n<p>+0.34%<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><p><strong>US stocks continue to ride high \u2014 while the real economy continues to falter.<\/strong> The S&amp;P 500 closed at another record high yesterday as investors reacted positively to a slowdown in hiring in the hope that it could spur Democrats and Republicans to hurry up and agree a new stimulus package, <a href=\"https:\/\/www.reuters.com\/article\/us-usa-stocks\/sp-500-hits-record-as-investors-await-fiscal-deal-idUSKBN28C1MQ\">Reuters<\/a> reports.<\/p><p><strong>This might be wishful thinking, considering Mitch McConnell is at the center of things.<\/strong> The Senate majority leader shot down a USD 908 bn bipartisan stimulus package brought by members of the GOP-controlled Senate and Democratic-held House, continuing the months of deadlock on an additional fiscal package, <a href=\"https:\/\/www.cnbc.com\/2020\/12\/01\/coronavirus-stimulus-update-senators-to-unveil-relief-bill.html\">CNBC<\/a> reports.<\/p><p><strong>IMF head <\/strong><strong>Kristalina Georgieva<\/strong><strong> is wishing they would take the hint<\/strong>, warning again yesterday that governments have to act now if they are to rescue the global economy and avoid financial instability, according to <a href=\"https:\/\/www.ft.com\/content\/fda34b47-33d2-457e-a0b6-45be6001920d\">the Financial Times<\/a>. Speaking to the salmon-colored paper\u2019s Martin Wolf, she called for investment in digital technology, infrastructure and the environment to avoid prolonging a crisis and wiping out USD 28 tn in global output over the next four years.<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-markets\/\">Financial Markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/monetary-policy\/\">monetary policy<\/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\/treasuries\/\">treasuries<\/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=\"567708\" 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\/03\/calendar-on-3-december-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567708\" class=\"content-area-description single-story post-567708 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>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\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":567680,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-567679","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"af6d9e60-c752-424b-83b1-f19b404917fb","teaser":"","photo_url":"https:\/\/ent.news\/2020\/12\/63.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 face Lockdown 2.0 if cases continue to rise, cabinet warns - 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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