{"id":567806,"date":"2020-12-08T04:02:40","date_gmt":"2020-12-08T04:02:40","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=567806"},"modified":"2025-12-16T06:04:54","modified_gmt":"2025-12-16T06:04:54","slug":"a-new-tax-platform-is-going-live-next-month-as-finmin-pushes-ahead-to-pull-grey-economy-into-the-light","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/a-new-tax-platform-is-going-live-next-month-as-finmin-pushes-ahead-to-pull-grey-economy-into-the-light\/","title":{"rendered":"A new tax platform is going live next month as FinMin pushes ahead to pull grey economy into the light"},"content":{"rendered":"<section id=\"567808\" 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=\"567808\">\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\/08\/what-were-tracking-on-8-december-2020\/\">\r\n                            What we\u2019re tracking on 8 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\/08\/what-were-tracking-on-8-december-2020\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/what-were-tracking-on-8-december-2020\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/what-were-tracking-on-8-december-2020\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=What we\u2019re tracking on 8 December 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/what-were-tracking-on-8-december-2020\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/what-were-tracking-on-8-december-2020\/&title=What we\u2019re tracking on 8 December 2020\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=What+we%E2%80%99re+tracking+on+8+December+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F08%2Fwhat-were-tracking-on-8-december-2020%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/what-were-tracking-on-8-december-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567808\" class=\"content-area-description single-story post-567808 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-abdel-fattah-el-sisi tag-central-bank-of-egypt tag-development-finance tag-diplomacy tag-egyptian-american-enterprise-fund tag-emmanuel-macron tag-enterpriseam tag-france tag-human-rights tag-inflation tag-interest-rates tag-monetary-policy tag-politics tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_27645\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\">\n<p class=\"f-graphik\" style=\"font-size:14px\">Together with<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27482.svg\" alt=\"\" class=\"wp-image-27482\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>IT\u2019S A BIG DAY FOR- Every single one of us, really<\/strong>, as the United Kingdom is set to become the first major country to begin the public rollout of a vaccine for covid-19. A top UK health official called the start of the vaccination drive today a \u201c<a href=\"https:\/\/www.bbc.com\/news\/uk-55223541\">decisive turning point<\/a> in the battle against coronavirus.\u201d Front-line healthcare staff and folks over the age of 80 are the first in line.<\/p><p><strong>The UK\u2019s supply of vaccines is limited right now <\/strong>after AstraZeneca joined Pfizer \/ BioNTech in saying it was <a href=\"https:\/\/www.ft.com\/content\/651be7e7-2a4e-410f-8089-b4b7e887f6e8\">experiencing manufacturing delays<\/a>. Vaccines won\u2019t be rolling out in Canada or Europe in significant quantities until January, the way things stand now.<\/p><p><strong>So, when will a vaccine be available in Egypt? <\/strong>We\u2019ll likely get our first doses some time in the first three months of 2021 and we know for certain we\u2019ll have enough on hand to cover 10% of the population in May. That\u2019s when Health Ministry officials expect to receive orders placed through the WHO\u2019s Covax program <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/15b7e2ba-1a99-424f-b573-749236a39c4c\">for enough to cover 10 mn people<\/a>. We\u2019ve also lined up enough <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/929937e3-48cf-4b35-a353-bfdacfd80b6a\">Sputnik V<\/a> from Russia to inoculate a further 12.5 mn and are believed to have placed an order for jabs from Pfizer and AstraZeneca.<\/p><p><strong>Expect more clarity in the coming days: <\/strong>President Abdel Fattah El Sisi said in late November that talks to secure stocks of vaccines <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1c53ecf2-df2e-4e9c-a021-4a33f539d850\">could drag on for a few months yet<\/a>. Ittihadiya spokesman Bassem Rady subseuqently told Kelma Akhira\u2019s Lamees El Hadidi on 24 November that the Health Ministry\u2019s covid-19 committee would wrap up a study of available vaccines in about 10 days\u2019 time.<\/p><p><strong>The big question: Can we get the rights to manufacture <\/strong>an effective vaccine at Vacsera, one of Africa\u2019s top vaccine makers.<\/p><p><strong>WHAT\u2019S HAPPENING TODAY-<\/strong><\/p><p><strong>President Abdel Fattah El Sisi wraps up a two-day visit to France <\/strong>after meeting with President Emmanuel Macron yesterday. We have the full story below.<\/p><p><strong>It\u2019s the second and final day of runoffs <\/strong>in elections for the House in Cairo and 11 other governorates. Day one yesterday passed smoothly.<\/p><p><strong>The Egyptian-American Enterprise Fund is hosting a webinar on the future of Egypt\u2019s <\/strong><strong>private sector<\/strong> at 6pm CLT (11am EST) today. Speakers include our friends Ashraf Sabry (Fawry) and Magda Habib (Dawi Clinics). You can register for the event <a href=\"https:\/\/us02web.zoom.us\/webinar\/register\/WN_dVnOch4rS7uPP80AEXg8yA\">here<\/a> and check out <a href=\"https:\/\/ent.news\/2020\/12\/EAEF-Webinar-Flyer-FINAL.pdf\">the flyer here (pdf)<\/a>.<\/p><p><strong>SIGN OF THE TIMES #1- For the first time in 20 years, Davos isn\u2019t happening in<\/strong><strong> Davos next May<\/strong>, moving instead to Singapore amid continued concerns over Europe\u2019s mounting covid-19 case count, the <a href=\"https:\/\/www.ft.com\/content\/51d01f98-ed0a-41e4-9bce-420d9c4928cb\">Financial Times<\/a> reports.<\/p><p><strong>SIGN OF THE TIMES #2- The quintessential New York firm is plotting an escape to <\/strong><strong>Florida. <\/strong>Goldman Sachs is said to be looking at real estate in Florida with a view to moving much or all of its asset management business there in search of \u201ctax and lifestyle\u201d benefits, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-12-06\/goldman-plots-florida-base-for-asset-management-in-a-blow-to-nyc?campaign_id=4&amp;emc=edit_dk_20201207&amp;instance_id=24783&amp;nl=dealbook&amp;regi_id=78219047&amp;segment_id=46250&amp;te=1&amp;user_id=b7c9a790ecb6ea93f5affa50f0c20fa4&amp;sref=mmeFTDW1\">Bloomberg<\/a> reports. Cue a new generation of <a href=\"https:\/\/www.boredpanda.com\/hilarious-florida-man-headings\/\">\u201cFlorida man\u201d jokes<\/a>.<\/p><p><strong>WAIT \u2014 how can you short something that\u2019s not publicly traded? <\/strong>Meet the hedgie who isn\u2019t letting practicality be an obstacle to her plan to <a href=\"https:\/\/www.wsj.com\/articles\/overvalued-startups-could-be-shorted-by-new-firm-11607337001?mod=lead_feature_below_a_pos1\">short venture-backed startups<\/a>. <strong>A must-read for finance nerds and all the folks on Planet Startup alike.<\/strong><\/p><p><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p><p>Upcoming news triggers:<\/p><ul>\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<\/strong> will meet on 24 December to review interest rates.<\/li>\n<\/ul><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><strong>CONDOLENCES-<\/strong> It has come to our attention that Amr Chawky, the founder and managing director of Azur Hotels &amp; Resorts, passed away late last month.<\/p><p><strong>CORRECTION- Apparently we can do business, but not space science.<\/strong> In our note about <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/87db7c53-8836-44fe-8114-5a784989d4ee\">this month\u2019s unique celestial phenomenon<\/a> yesterday, we wrote that Jupiter and Saturn are 400 mn light years apart \u2014 which as reader Ahmed D. kindly pointed out \u2014 is a little bit of an exaggeration. We have since updated the piece with the correct distance: <strong>400 mn miles.<\/strong><\/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\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/development-finance\/\">development finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egyptian-american-enterprise-fund\/\">Egyptian American Enterprise Fund<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/emmanuel-macron\/\">Emmanuel Macron<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/france\/\">France<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/human-rights\/\">human rights<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/inflation\/\">inflation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/interest-rates\/\">interest rates<\/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\/politics\/\">politics<\/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=\"567809\" 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=\"567809\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/567809\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567809\" class=\"content-area-description single-story post-567809 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\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=\"567810\" 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=\"567810\">\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\">Tax<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/unified-tax-platform-goes-live-in-january\/\">\r\n                            Unified tax platform goes live in January                        <\/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\/08\/unified-tax-platform-goes-live-in-january\/\" 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\/08\/unified-tax-platform-goes-live-in-january\/')\">\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\/08\/unified-tax-platform-goes-live-in-january\/\">\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=Unified tax platform goes live in January&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/unified-tax-platform-goes-live-in-january\/\">\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\/08\/unified-tax-platform-goes-live-in-january\/&title=Unified tax platform goes live in January\">\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=Unified+tax+platform+goes+live+in+January+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F08%2Funified-tax-platform-goes-live-in-january%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\/08\/unified-tax-platform-goes-live-in-january\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/151.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"567811\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/unified-tax-platform-goes-live-in-january\/151-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/151.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"151.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/151.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/151.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567810\" class=\"content-area-description single-story post-567810 post type-post status-publish format-standard has-post-thumbnail hentry category-tax tag-digitization tag-enterpriseam tag-governance tag-policy tag-tax tag-tax-authority tag-unified-tax-act 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>Some <\/strong><strong>11k<\/strong><strong> of Egypt\u2019s largest<\/strong><strong> taxpayers w<\/strong><strong>ill begin filing taxes through the <\/strong><strong>government\u2019s new unified tax platform from 1 January<\/strong> as the Tax Authority begins to overhaul the way it collects and monitors taxes, Mohsen El Gayar, director of taxpayer services at the authority, tells Enterprise. Tax centers that handle procedures for large and medium-sized companies and high-income self-employed taxpayers will begin using the system on a trial basis at the start of the year, integrating some 64 previously-separated tax services into a single \u201ccore taxation system,\u201d Tax Authority head Reda Abdel Kader <a href=\"https:\/\/www.incometax.gov.eg\/news-d.php?id=157\">said<\/a> this week.<\/p>\n<p><strong>What is happening? <\/strong>During the pilot phase, the platform will allow users to file returns and pay taxes, register as taxpayers, enquire about electronic payments, and settle unpaid taxes. The authority will also be able to issue fines for late payment and monitor taxpayer accounts, Abdel Kader said.<\/p>\n<p><strong>If you\u2019re a <\/strong><strong>large<\/strong><strong> taxpayer, you\u2019ll know more soon: <\/strong>The authority is currently working on promoting the system to the 11k companies and individuals and will launch an awareness campaign throughout the second half of December, says El Gayar. This will include guidelines on how to sign up to the platform and how to use and access the system through different devices.<\/p>\n<p><strong>The beta rollout begins in January <\/strong>and will continue over four phases during which smaller companies and freelancers will gradually be onboarded, Abdel Kader said. All phases should be complete within the next two years.<\/p>\n<p><strong>Why is this happening? <\/strong>The authority currently performs key functions via different internal platforms, using separate systems for sales taxes, income tax and e-filing, according to El Gayar. The new platform will unify all three networks and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/65191cd1-b8ac-43aa-b405-e790f20f472e\">add real estate taxes<\/a> to the mix. It will eventually integrate e-invoicing \u2014 which is <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/99a6ca73-945a-43a8-9bb3-70e01e484a6c\">currently being trialed<\/a> by 134 companies.<\/p>\n<p><strong>SMART POLICY-<\/strong> The platform, made possible through the recently-passed <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b157b40b-45d7-455d-9b8f-a52f21851d0e\">Unified Tax Act<\/a>, is a key part of a government plan to overhaul tax administration, encourage informal businesses to go legit, stimulate investment, and grant the taxman better oversight on commercial transactions and tax accounts. Its trial launch follows the rollout of the first phase of a new <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/99a6ca73-945a-43a8-9bb3-70e01e484a6c\">e-invoicing system<\/a> (which will eventually be linked to the core system) and <a href=\"http:\/\/www.mof.gov.eg\/Arabic\/MOFNews\/Press\/Pages\/news17-6-2020.aspx\">recent amendments<\/a> which <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bfa2470d-ab5e-4af9-93a8-1939431e1491\">obliged companies<\/a> to file their taxes electronically as of this year.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/digitization\/\">digitization<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/governance\/\">governance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/policy\/\">policy<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tax-authority\/\">Tax Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/unified-tax-act\/\">Unified Tax Act<\/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=\"567812\" 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=\"567812\">\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\">Tourism<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/tourism-companies-workers-get-another-helping-hand\/\">\r\n                            Tourism companies, workers get another helping hand                        <\/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\/08\/tourism-companies-workers-get-another-helping-hand\/\" 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\/08\/tourism-companies-workers-get-another-helping-hand\/')\">\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\/08\/tourism-companies-workers-get-another-helping-hand\/\">\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=Tourism companies, workers get another helping hand&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/tourism-companies-workers-get-another-helping-hand\/\">\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\/08\/tourism-companies-workers-get-another-helping-hand\/&title=Tourism companies, workers get another helping hand\">\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=Tourism+companies%2C+workers+get+another+helping+hand+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F08%2Ftourism-companies-workers-get-another-helping-hand%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\/08\/tourism-companies-workers-get-another-helping-hand\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/152.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"567813\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/tourism-companies-workers-get-another-helping-hand\/152-jpg-11\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/152.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"152.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/152.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/152.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567812\" class=\"content-area-description single-story post-567812 post type-post status-publish format-standard has-post-thumbnail hentry category-tourism tag-central-bank-of-egypt tag-covid-19 tag-debt tag-enterpriseam tag-finance tag-tourism 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-02\"><\/a> <strong>The tourism industry will continue to get a helping hand from the Central Bank of <\/strong><strong>Egypt (CBE) <\/strong>after the bank granted tourism companies debt repayment holidays and more room to take out operating loans, according to two separate CBE circulars (<a href=\"https:\/\/ent.news\/2020\/12\/%D9%83%D8%AA%D8%A7%D8%A8-%D8%AF%D9%88%D8%B1%D9%8A-%D8%A8%D8%AA%D8%A7%D8%B1%D9%8A%D8%AE-6-%D8%AF%D9%8A%D8%B3%D9%85%D8%A8%D8%B1-2020-%D8%A8%D8%B4%D8%A3%D9%86-%D8%AA%D8%B9%D8%AF%D9%8A%D9%84-%D8%A8%D8%B9%D8%B6-%D8%A8%D9%86%D9%88%D8%AF-%D9%85%D8%A8%D8%A7%D8%AF%D8%B1%D8%AA%D9%8A-%D8%A5%D8%AD%D9%84%D8%A7%D9%84-%D9%88%D8%AA%D8%AC%D8%AF%D9%8A%D8%AF-%D8%A7%D9%84%D9%81%D9%86%D8%A7%D8%AF%D9%82-%D9%88%D8%AA%D9%85%D9%88%D9%8A%D9%84-%D8%B3%D8%AF%D8%A7%D8%AF-%D8%A7%D9%84%D9%85%D8%B1%D8%AA%D8%A8%D8%A7%D8%AA-%D8%A8%D8%B6%D9%85%D8%A7%D9%86-%D9%88%D8%B2%D8%A7%D8%B1%D8%A9-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9.pdf\">here<\/a> and <a href=\"https:\/\/ent.news\/2020\/12\/%D9%83%D8%AA%D8%A7%D8%A8-%D8%AF%D9%88%D8%B1%D9%8A-%D8%A8%D8%AA%D8%A7%D8%B1%D9%8A%D8%AE-%D9%A6-%D8%AF%D9%8A%D8%B3%D9%85%D8%A8%D8%B1-2020-%D8%A8%D8%B4%D8%A3%D9%86-%D9%85%D8%AF-%D9%81%D8%AA%D8%B1%D8%A9-%D8%A7%D9%84%D8%B9%D9%85%D9%84-%D8%A8%D9%85%D8%A8%D8%A7%D8%AF%D8%B1%D8%A9-%D9%82%D8%B7%D8%A7%D8%B9-%D8%A7%D9%84%D8%B3%D9%8A%D8%A7%D8%AD%D8%A9-%D9%88%D9%85%D8%A8%D8%A7%D8%AF%D8%B1%D8%A9-%D9%82%D8%B1%D9%88%D8%B6-%D8%A7%D9%84%D8%AA%D8%AC%D8%B2%D8%A6%D8%A9-%D9%84%D9%84%D8%B9%D8%A7%D9%85%D9%84%D9%8A%D9%86-%D8%A8%D9%82%D8%B7%D8%A7%D8%B9-%D8%A7%D9%84%D8%B3%D9%8A%D8%A7%D8%AD%D8%A9-%D8%AD%D8%AA%D9%89-%D9%86%D9%87%D8%A7%D9%8A%D8%A9-%D8%B9%D8%A7%D9%85-2021.pdf\">here<\/a> \u2014 pdfs). A grace period for all loans taken out since the pandemic took hold in March now expires at the end of December 2021, after having originally been six months following the date of taking out a loan. Companies will then begin paying back the loans in January 2022. The loans also now support monthly wage payments of up to EGP 25k, up from EGP 15k previously, the CBE said.<\/p>\n<p><strong>Debt repayment holidays alongside loans to cover expenses: <\/strong>Until 31 December 2021, tourism companies or any of their employees can walk into their banks and request a repayment freeze of up to three years, the CBE said. Employees may request holidays of up to six months on personal loans, provided they have a good history of meeting repayments.<\/p>\n<p><strong>Also eligible for a payment moratorium:<\/strong> Employees who have taken out loans as part of a 2015 initiative to support tourism workers.<\/p>\n<p><strong>Background:<\/strong> The CBE in March modified its <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/16\/cbe-confirms-egp-50-bn-tourism-support-program-8498\/\">EGP 50 bn program<\/a> to support the tourism sector in response to the pandemic, providing low-interest loans to companies struggling to survive as international travel ground to a halt. The program offers two-year loans to companies which pay <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3411977f-0caa-48a9-8c35-05573565a75f\">a reduced 5% interest rate<\/a> to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4ab581e1-1144-4d1e-a2ce-9b1aee8dd5b1\">pay wages<\/a> for up to six months and cover maintenance costs and daily operations.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/finance\/\">Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/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=\"567814\" 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=\"567814\">\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\">Economy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/egypts-budget-deficit-down-remittances-up\/\">\r\n                            Egypt\u2019s budget deficit down, remittances up                        <\/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\/08\/egypts-budget-deficit-down-remittances-up\/\" 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\/08\/egypts-budget-deficit-down-remittances-up\/')\">\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\/08\/egypts-budget-deficit-down-remittances-up\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt\u2019s budget deficit down, remittances up&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/egypts-budget-deficit-down-remittances-up\/\">\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\/08\/egypts-budget-deficit-down-remittances-up\/&title=Egypt\u2019s budget deficit down, remittances up\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt%E2%80%99s+budget+deficit+down%2C+remittances+up+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F08%2Fegypts-budget-deficit-down-remittances-up%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\/08\/egypts-budget-deficit-down-remittances-up\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567814\" class=\"content-area-description single-story post-567814 post type-post status-publish format-standard hentry category-economy tag-budget-watch tag-central-bank-of-egypt tag-economy tag-enterpriseam tag-finance-ministry tag-gcc tag-gdp 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>Egypt\u2019s budget deficit shrank to EGP 134.9 bn, equivalent to 2.1% of GDP in <\/strong><strong>1Q2020-2021<\/strong> compared to 2.3% during the same period last year, according to a Finance Ministry <a href=\"https:\/\/ent.news\/2020\/12\/Fin-Min-monthly-report-Oct-2020.pdf\">report (pdf)<\/a>. The report attributes the narrowing deficit to an 18.4% y-o-y uptick in state revenues to EGP 204.7 bn, which was partially driven by a 14.1% hike in tax revenues. On the flipside, state spending was up 11% y-o-y to EGP 336.8 bn in the quarter. Finance Minister Mohamed Maait <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b0cf47be-9482-49f9-bc1a-4e4a1019da07\">said last month<\/a> based on preliminary figures that the budget deficit had narrowed to 2.6% of GDP during the first four months of FY2020-2021, compared to 3.1% over the same period last year.<\/p>\n<p><strong>Where did we spend?<\/strong> Spending on civil servants\u2019 salaries and compensation rose 5.1% to EGP 78.7 bn, while spending on pension funds increased by EGP 22.5 bn to EGP 28.5 bn. The government had signed off on a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/93bd7150-7431-4ce9-b11c-a515f2a55702\">14% rise in pensions<\/a> as of the beginning of the current fiscal year. State spending on healthcare and medicines increased 2.3%, reaching EGP 1.2 bn, while subsidies for essential goods hit EGP 12.4 bn. The state dished out EGP 1.7 bn on export subsidies, up from EGP 900 mn during the comparable period a year earlier.<\/p>\n<p><strong>The long term outlook:<\/strong> Fitch solutions\u2019 <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bfa6cff2-760e-436d-bcac-ba7cf7f0cc68\">monthly MENA report in November<\/a> forecast a budget deficit of 10% on average between now and 2024, while <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fe09d867-dea8-4f57-9725-da9e7b6b0ecb\">the IMF\u2019s<\/a>October Fiscal Monitor Report forecast the deficit widening from 7.5% to 8.1% by the end of the current fiscal year, before rapidly narrowing to 5.2% in FY 2021-2022 and 3.8% by FY2024-2025.<\/p>\n<p style='font-size: 18px;font-weight: bold' >Remittances rebound in 3Q2020<\/p>\n<p><strong>Remittances from Egyptians living abroad shot up 19.6% y-o-y in 3Q2020 to USD 8<\/strong><strong> bn<\/strong> from USD 6.7 bn over the same period last year, according to a Central Bank of Egypt <a href=\"https:\/\/ent.news\/2020\/12\/workers-remittances-Sept.-2020.pdf\">statement (pdf)<\/a>. Remittances from Egyptians abroad increased by 11.6% in 9M2020 compared to the same period the year before, hitting USD 22.1 bn. Though remittance inflows were <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d9be7866-5adb-4a96-85fa-6f859b1d26a3\">rising steadily<\/a> when the covid-19 pandemic began, they took a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d28cf123-7ea0-43f5-a2cb-cb815e16b3db\">10% dip<\/a> in 2Q2020. The World Bank <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4d8260d8-383a-43ea-ae39-8d00f572daba\">predicted last month<\/a> that remittances from Egyptians abroad could slow down next year if GCC economies continue to come under pressure from low oil prices and slow economic growth, hampering Egyptian expats\u2019 earnings.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/budget-watch\/\">budget watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/finance-ministry\/\">Finance Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gcc\/\">GCC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gdp\/\">GDP<\/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=\"567815\" 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=\"567815\">\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\">FINANCIAL INCLUSION<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/central-bank-extends-pos-drive\/\">\r\n                            Central bank extends PoS drive                        <\/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\/08\/central-bank-extends-pos-drive\/\" 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\/08\/central-bank-extends-pos-drive\/')\">\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\/08\/central-bank-extends-pos-drive\/\">\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=Central bank extends PoS drive&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/central-bank-extends-pos-drive\/\">\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\/08\/central-bank-extends-pos-drive\/&title=Central bank extends PoS drive\">\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=Central+bank+extends+PoS+drive+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F08%2Fcentral-bank-extends-pos-drive%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\/08\/central-bank-extends-pos-drive\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/156.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"567816\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/central-bank-extends-pos-drive\/156-jpg-10\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/156.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"156.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/156.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/156.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567815\" class=\"content-area-description single-story post-567815 post type-post status-publish format-standard has-post-thumbnail hentry category-financial-inclusion tag-central-bank-of-egypt tag-enterpriseam tag-finance tag-financial-inclusion tag-fintech 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 Central Bank of Egypt is pushing ahead with a plan to have 1 mn point of sale <\/strong><strong>machines in use nationwide within three years<\/strong>, CBE Deputy Governor Rami Aboul Naga <a href=\"https:\/\/ent.news\/2020\/12\/Press-Release-POS-Initiative-002.pdf\">said yesterday (pdf)<\/a>, positioning the move as part of the bank\u2019s drive to bring more people into the formal financial system and cut back sharply on the use of cash.<\/p>\n<p><strong>The central bank launched a drive <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e22312fd-047a-4f50-acd8-fd815fa29277\">earlier this year<\/a><\/strong> to finance commercial banks\u2019 purchase and distribution of 100k PoS machines. Banks have surpassed the initial target and deployed 156k machines, taking the total number of terminals to 356k. The CBE will also begin this month distributing another 100k to remote areas and underserved governorates, Aboul Naga said. The bank now aims to finance the distribution of 300k machines under the ongoing initiative, which is costing the CBE some EGP 1 bn, he added. The program builds on a policy announced <a href=\"https:\/\/enterprise.press\/stories\/2018\/11\/19\/cbe-plans-to-increase-electronic-pos-around-egypt-to-1-mn-from-72-5k-by-2021\/\">back in 2018<\/a> that aimed to encourage the use of PoS machines in retail nationwide.<\/p>\n<p><strong>The CBE will also continue to <\/strong><strong>promote QR Codes until June 2021<\/strong>, Sub-Governor Amany Shams-Eldin said. The promotion plan involves granting banks that allow clients to pay bills and transfers by scanning a QR code a 0.5% bonus on their total transactions and awarding merchants EGP 3k for every 150 new QR codes scanned. The incentives were <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e22312fd-047a-4f50-acd8-fd815fa29277\">previously planned<\/a> to be valid only until this month.<\/p>\n<p><strong>Background: <\/strong>The plan to increase the number of PoS machines is part of the government\u2019s transition toward financial inclusion and a cashless economy. It\u2019s also the mandate of the National Council for Payments, which was set up <a href=\"https:\/\/www.cbe.org.eg\/ar\/Pages\/HighlightsPages\/%D9%83%D8%AA%D8%A7%D8%A8--%D8%A8%D8%AA%D8%A7%D8%B1%D9%8A%D8%AE-7-%D9%8A%D9%88%D9%86%D9%8A%D9%87-2017-%D8%A8%D8%B4%D8%A3%D9%86-%D8%A7%D9%86%D8%B4%D8%A7%D8%A1-%D8%A7%D9%84%D9%85%D8%AC%D9%84%D8%B3-%D8%A7%D9%84%D9%82%D9%88%D9%85%D9%8A-%D9%84%D9%84%D9%85%D8%AF%D9%81%D9%88%D8%B9%D8%A7%D8%AA-%D9%88%D9%85%D8%A7-%D9%86%D8%AA%D8%AC-%D8%B9%D9%86%D8%A9--%D8%AE%D9%81%D8%B6-%D8%A7%D9%84%D9%85%D8%B5%D8%A7%D8%B1%D9%8A%D9%81-%D8%A7%D9%84%D8%AE%D8%A7%D8%B5%D8%A9-%D8%A8%D8%AE%D8%AF%D9%85%D8%A7%D8%AA-%D8%A7%D9%84%D9%87%D8%A7%D8%AA%D9%81-%D8%A7%D9%84%D9%85%D8%AD%D9%85%D9%88%D9%84.aspx\">in 2017<\/a> by President Abdel Fattah El Sisi.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/finance\/\">Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-inclusion\/\">financial inclusion<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fintech\/\">Fintech<\/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=\"567817\" 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=\"567817\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/567817\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567817\" class=\"content-area-description single-story post-567817 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\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=\"567818\" 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=\"567818\">\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\">Moves<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/abdul-latif-jameels-finance-arm-taps-mohamed-el-gazzar-as-egypt-boss\/\">\r\n                            Abdul Latif Jameel\u2019s finance arm taps Mohamed El Gazzar as Egypt boss                        <\/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\/08\/abdul-latif-jameels-finance-arm-taps-mohamed-el-gazzar-as-egypt-boss\/\" 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\/08\/abdul-latif-jameels-finance-arm-taps-mohamed-el-gazzar-as-egypt-boss\/')\">\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\/08\/abdul-latif-jameels-finance-arm-taps-mohamed-el-gazzar-as-egypt-boss\/\">\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=Abdul Latif Jameel\u2019s finance arm taps Mohamed El Gazzar as Egypt boss&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/abdul-latif-jameels-finance-arm-taps-mohamed-el-gazzar-as-egypt-boss\/\">\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\/08\/abdul-latif-jameels-finance-arm-taps-mohamed-el-gazzar-as-egypt-boss\/&title=Abdul Latif Jameel\u2019s finance arm taps Mohamed El Gazzar as Egypt boss\">\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=Abdul+Latif+Jameel%E2%80%99s+finance+arm+taps+Mohamed+El+Gazzar+as+Egypt+boss+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F08%2Fabdul-latif-jameels-finance-arm-taps-mohamed-el-gazzar-as-egypt-boss%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\/08\/abdul-latif-jameels-finance-arm-taps-mohamed-el-gazzar-as-egypt-boss\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567818\" class=\"content-area-description single-story post-567818 post type-post status-publish format-standard hentry category-moves tag-enterpriseam tag-moves wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Saudi\u2019s <strong><a href=\"https:\/\/www.aljfinance.com\/\">Abdul Latif Jameel Finance<\/a><\/strong> has tapped <strong>Mohamed El Gazzar <\/strong>(<a href=\"https:\/\/www.linkedin.com\/in\/mohamed-el-gazzar-093aa44\/?originalSubdomain=eg\">LinkedIn<\/a>) as <strong>the <\/strong><strong>CEO and managing director of its Egypt business<\/strong>, according to <a href=\"https:\/\/alborsaanews.com\/2020\/12\/07\/1404442\">the local press<\/a>. A veteran banker, El Gazzar previously held leading positions at Alexbank, Credit Agricole Egypt, and Citi. He was most recently the managing director of Cairo-based consumer finance player <a href=\"https:\/\/www.facebook.com\/tamweelegy\/?ref=page_internal\">Tamweel Investment Holdings<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/moves\/\">moves<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"567819\" 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=\"567819\">\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\">FOREIGN AFFAIRS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/investment-eastern-med-human-rights-feature-in-day-one-of-el-sisis-visit-to-paris\/\">\r\n                            Investment, Eastern Med, human rights feature in day one of El Sisi\u2019s visit to Paris                        <\/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\/08\/investment-eastern-med-human-rights-feature-in-day-one-of-el-sisis-visit-to-paris\/\" 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\/08\/investment-eastern-med-human-rights-feature-in-day-one-of-el-sisis-visit-to-paris\/')\">\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\/08\/investment-eastern-med-human-rights-feature-in-day-one-of-el-sisis-visit-to-paris\/\">\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=Investment, Eastern Med, human rights feature in day one of El Sisi\u2019s visit to Paris&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/investment-eastern-med-human-rights-feature-in-day-one-of-el-sisis-visit-to-paris\/\">\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\/08\/investment-eastern-med-human-rights-feature-in-day-one-of-el-sisis-visit-to-paris\/&title=Investment, Eastern Med, human rights feature in day one of El Sisi\u2019s visit to Paris\">\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=Investment%2C+Eastern+Med%2C+human+rights+feature+in+day+one+of+El+Sisi%E2%80%99s+visit+to+Paris+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F08%2Finvestment-eastern-med-human-rights-feature-in-day-one-of-el-sisis-visit-to-paris%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\/08\/investment-eastern-med-human-rights-feature-in-day-one-of-el-sisis-visit-to-paris\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/157.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"567820\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/investment-eastern-med-human-rights-feature-in-day-one-of-el-sisis-visit-to-paris\/157-jpg-11\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/157.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"157.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/157.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/157.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567819\" class=\"content-area-description single-story post-567819 post type-post status-publish format-standard has-post-thumbnail hentry category-foreign-affairs tag-abdel-fattah-el-sisi tag-diplomacy tag-enterpriseam tag-foreign-affairs tag-human-rights tag-politics wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>President Abdel Fattah El Sisi held wide-ranging talks in Paris yesterday with Egypt\u2019s top <\/strong><strong>European ally <\/strong>on day one of a two-day state visit. Commercial and economic ties featured prominently on the agenda alongside the crisis in Libya and regional security issues as El Sisi sat down with French President Emmanuel Macron, Ittihadiya said in <a href=\"https:\/\/bit.ly\/2VM41eC\">a statement<\/a>.<\/p>\n<p><strong>The two used a post-meeting press conference to reiterate commitments to boosting <\/strong><strong>French investment in Egypt<\/strong> as well as to fighting terrorism in the region and securing a peace agreement in Libya (<a href=\"https:\/\/bit.ly\/36REGGD\">watch, runtime: 41:26<\/a>). France and Egypt have steadily deepened economic, political and military ties since 2014, with French companies increasing investment in the country and France becoming a top supplier to Egypt of defense material.<\/p>\n<p><strong>Cooperation on \u201cthe growing challenges\u201d of the eastern Mediterranean <\/strong>featured in a separate sit-down between El Sisi and French Defense Minister Florence Parly, <a href=\"https:\/\/bit.ly\/2Irpx5A\">Ittihadiya said<\/a>.<\/p>\n<p><strong>France has no intention of ending arms sales <\/strong>over human rights concerns, Macron said during the press conference, adding, \u201cI will not condition matters of defense and economic cooperation on these disagreements. \u2026 It is more effective to have a policy of demanding dialogue than a boycott, which would only reduce the effectiveness of one our partners in the fight against terrorism,\u201d according to <a href=\"https:\/\/www.reuters.com\/article\/idUSKBN28H0BY\">Reuters<\/a>. El Sisi, meanwhile, addressed Macron\u2019s recent criticism of Islam as a \u201creligion in crisis\u201d; the French president was speaking after terror incidents in November.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/foreign-affairs\/\">foreign affairs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/human-rights\/\">human rights<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/politics\/\">politics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"567821\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 .stk-block-carousel__button svg.ugb-custom-icon :is(g, path, rect, polygon, ellipse){fill:#FFFFFF !important;}<\/style>\r\n                <div class=\"stk-block-carousel__content-wrapper\">\r\n                <div class=\"stk-row stk-inner-blocks stk-block-content stk-block-carousel__slider-wrapper stk-content-align stk-a38cfb2-column alignwide\">\r\n                <div class=\"stk-block-carousel__slider\" role=\"list\" data-autoplay=\"4000\" data-label-slide-of=\"Slide %%d of %%d\">\r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-46c5f99\" data-v=\"4\" data-block-id=\"46c5f99\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-46c5f99-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-46c5f99-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240922.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.hsbc.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27489.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Opening up a world of opportunity<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-o346li1\" data-v=\"4\" data-block-id=\"o346li1\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-o346li1-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-o346li1-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240923.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/efghldg.com\/en\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27488.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Realize More<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-qewu3mx\" data-v=\"4\" data-block-id=\"qewu3mx\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-qewu3mx-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-qewu3mx-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240924.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.sodic.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27487.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Live More<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-tc7l3s6\" data-v=\"4\" data-block-id=\"tc7l3s6\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-tc7l3s6-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-tc7l3s6-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240925.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/weareinfinity.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/27483.png?fit=300%2C300&#038;ssl=1\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Powering with nature<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-ifc3yrp\" data-v=\"4\" data-block-id=\"ifc3yrp\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-ifc3yrp-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-ifc3yrp-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240926.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.qalaaholdings.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/110691.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Driving growth<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-left\" class=\"svg-inline--fa fa-chevron-left\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M34.52 239.03L228.87 44.69c9.37-9.37 24.57-9.37 33.94 0l22.67 22.67c9.36 9.36 9.37 24.52.04 33.9L131.49 256l154.02 154.75c9.34 9.38 9.32 24.54-.04 33.9l-22.67 22.67c-9.37 9.37-24.57 9.37-33.94 0L34.52 272.97c-9.37-9.37-9.37-24.57 0-33.94z\"><\/path><\/svg><\/button><button class=\"stk-block-carousel__button stk-block-carousel__button__next\" aria-label=\"Next slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-right\" class=\"svg-inline--fa fa-chevron-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M285.476 272.971L91.132 467.314c-9.373 9.373-24.569 9.373-33.941 0l-22.667-22.667c-9.357-9.357-9.375-24.522-.04-33.901L188.505 256 34.484 101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg><\/button><\/div><\/div><div class=\"stk-block-carousel__dots\" role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"567822\" 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=\"567822\">\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\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/last-nights-talk-shows-on-8-december-2020\/\">\r\n                            Last Night\u2019s Talk Shows on 8 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\/08\/last-nights-talk-shows-on-8-december-2020\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/last-nights-talk-shows-on-8-december-2020\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/last-nights-talk-shows-on-8-december-2020\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Last Night\u2019s Talk Shows on 8 December 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/last-nights-talk-shows-on-8-december-2020\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/last-nights-talk-shows-on-8-december-2020\/&title=Last Night\u2019s Talk Shows on 8 December 2020\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Last+Night%E2%80%99s+Talk+Shows+on+8+December+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F08%2Flast-nights-talk-shows-on-8-december-2020%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/last-nights-talk-shows-on-8-december-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567822\" class=\"content-area-description single-story post-567822 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-abdel-fattah-el-sisi tag-emmanuel-macron tag-enterpriseam tag-house-of-representatives tag-last-nights-talk-shows wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Day one of President Abdel Fattah El Sisi\u2019s two-day visit to France dominated the<\/strong> <strong>airwaves last night<\/strong>, with coverage of runoff elections for the House of Representatives coming in second.<\/p>\n<p><strong>Foreign Minister Sameh Shoukry made an appearance on El Hekaya<\/strong>, telling host Amr Adib that the close relationship between Paris and Cairo is built on multiple pillars other than arms sales and saying the two leaders had touched on an array of topics <strong>from trade and investment to the Eastern Med and Libya <\/strong>during their talks yesterday (<a href=\"https:\/\/www.youtube.com\/watch?v=6tI1Gb5uca0\">watch, runtime: 6:25<\/a>). See also coverage on Masaa DMC (<a href=\"https:\/\/www.youtube.com\/watch?v=o-Tq7rk2gZw\">watch, runtime: 8:15<\/a>) and Al Hayah Al Youm (<a href=\"https:\/\/www.youtube.com\/watch?v=a2z4fh1XGA4\">watch, runtime: 8:42<\/a>).<\/p>\n<p><strong>Runoffs for seats in the House yesterday earned wall-to-wall coverage<\/strong> with Kelma Akhira\u2019s Lamees El Hadidi (<a href=\"https:\/\/www.youtube.com\/watch?v=wiTvjqsGdio\">watch, runtime: 4:11<\/a>) and Ala Mas\u2019ouleety\u2019s Ahmed Moussa (<a href=\"https:\/\/www.youtube.com\/watch?v=9QPIGeAeglQ\">watch, runtime: 13:47<\/a>) among those recapping the day at the polls.<\/p>\n<p><strong>Extended periods of pre-trial detention are not deliberately used as a means of<\/strong> <strong>punishment<\/strong> and are a result of time-consuming procedures that are necessary for a case to be investigated correctly, Justice Minister Omar Marwan told Kelma Akhira\u2019s Lamees El Hadidi in an extended interview. The minister also suggested that criticism of Egypt\u2019s use of capital punishment only serves the agendas of terrorist groups, pointing out that there are no international treaties outlawing the death penalty. You can watch the full interview here (<a href=\"https:\/\/www.youtube.com\/watch?v=cD7E2h4DJGs\">runtime: 1:00:12<\/a>)<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/emmanuel-macron\/\">Emmanuel Macron<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/house-of-representatives\/\">House of Representatives<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/last-nights-talk-shows\/\">LAST NIGHT\u2019S TALK SHOWS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"567823\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"567824\" 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=\"567824\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/egypt-in-the-news-on-8-december-2020\/\">\r\n                            Egypt in the News on 8 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\/08\/egypt-in-the-news-on-8-december-2020\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/egypt-in-the-news-on-8-december-2020\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/egypt-in-the-news-on-8-december-2020\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt in the News on 8 December 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/egypt-in-the-news-on-8-december-2020\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/egypt-in-the-news-on-8-december-2020\/&title=Egypt in the News on 8 December 2020\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+in+the+News+on+8+December+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F08%2Fegypt-in-the-news-on-8-december-2020%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/egypt-in-the-news-on-8-december-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567824\" class=\"content-area-description single-story post-567824 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-abdel-fattal-el-sisi tag-arab-spring tag-emmanuel-macron tag-enterpriseam tag-human-rights wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>International attention to our human rights record has spilled over into the business<\/strong> <strong>press <\/strong>as <a href=\"https:\/\/www.ft.com\/content\/87521b23-234a-4efd-9584-82e8f18f4de5\">the Financial Times<\/a> quizzed EBRD boss Odile Renaud-Basso about \u201cauthoritarian turns\u201d in the bank\u2019s top markets, including Turkey, Belarus and Egypt. The bank wants to \u201chelp countries move in the right direction,\u201d the former head of the French treasury said, adding that \u201cdeveloping the private sector is also a way to support the development of the economy and civil society.\u201d The vast majority of EBRD\u2019s involvement in Egypt is not aid, but direct investment in high-potential businesses \u2014 most of them private-sector or creating openings for private companies \u2014 that aim to generate a return for EBRD while also strengthening the economy and civil society here. \u201cIf you cut off all financing I\u2019m not sure that you will support the evolution of the country \u2014 and the democratic evolution of the country,\u201d Renaud-Basso said of Egypt.<\/p>\n<p><strong>French and other international media also led with human rights <\/strong>in their coverage of the Sisi-Macron meeting yesterday (<a href=\"https:\/\/www.lemonde.fr\/idees\/article\/2020\/12\/07\/kenneth-roth-les-gouvernements-europeens-ont-une-responsabilite-partagee-dans-la-situation-desastreuse-des-droits-humains-en-egypte_6062467_3232.html\">Le Monde<\/a> | <a href=\"https:\/\/www.france24.com\/en\/france\/20201207-live-macron-and-egypt-s-sisi-hold-joint-press-conference-in-paris\">France24<\/a> | <a href=\"https:\/\/www.reuters.com\/article\/idUSKBN28H1BU\">Reuters<\/a> | <a href=\"https:\/\/www.ft.com\/content\/89bd4a94-5a08-46be-b9b3-e0f65336ad07\">Financial Times<\/a> | <a href=\"https:\/\/www.voanews.com\/europe\/human-rights-issues-cloud-frances-dealings-egypt\">VOA<\/a>). Meanwhile, the <a href=\"https:\/\/www.nytimes.com\/2020\/12\/07\/opinion\/biden-egypt-human-rights.html\">New York Times\u2019 opinion<\/a> section is home to a piece calling on the Biden administration to change its policy on Egypt as a means of setting an example for other countries, and the AP covers a decision to <a href=\"https:\/\/apnews.com\/article\/italy-egypt-bologna-arrests-cairo-67e8a87e75e7eba44afbe0f30c22c8bd\">extend<\/a> the pre-trial detention of rights researcher Patrick Zaky.<\/p>\n<p>On a less somber note: <strong><a href=\"https:\/\/variety.com\/2020\/film\/global\/marwan-hamed-kira-and-el-gen-1234847300\/\">Variety<\/a><\/strong><strong> interviews director Marwan Hamed about Kira and El Gen<\/strong>, which he\u2019s billing as the \u201cmost expensive\u201d film in Egyptian cinema history. The story is based on Ahmed Mourad\u2019s book 1919, about resistance to the British occupation. The magazine also <a href=\"https:\/\/variety.com\/2020\/film\/news\/mayye-zayed-lift-like-a-girl-1234847506\/\">sits down<\/a> with<strong> Lift Like a Girl director <\/strong><strong>Mayye Zayed<\/strong> to discuss much-lauded observational documentary on Egypt\u2019s weightlifting women.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/abdel-fattal-el-sisi\/\">Abdel Fattal El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/arab-spring\/\">Arab Spring<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/emmanuel-macron\/\">Emmanuel Macron<\/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=\"567825\" 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=\"567825\">\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\">Enterprise explains<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/enterprise-explains-sukuk\/\">\r\n                            Enterprise Explains: Sukuk                        <\/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\/08\/enterprise-explains-sukuk\/\" 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\/08\/enterprise-explains-sukuk\/')\">\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\/08\/enterprise-explains-sukuk\/\">\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=Enterprise Explains: Sukuk&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/enterprise-explains-sukuk\/\">\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\/08\/enterprise-explains-sukuk\/&title=Enterprise Explains: Sukuk\">\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=Enterprise+Explains%3A+Sukuk+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F08%2Fenterprise-explains-sukuk%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\/08\/enterprise-explains-sukuk\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/158.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"567826\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/enterprise-explains-sukuk\/158-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/158.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"158.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/158.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/158.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567825\" class=\"content-area-description single-story post-567825 post type-post status-publish format-standard has-post-thumbnail hentry category-enterprise-explains tag-debt tag-economics tag-enterprise-explains tag-enterpriseam tag-finance tag-investment-watch tag-islamic-finance tag-sukuk 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>Enterprise Explains: Sukuk. <\/strong>Consumer- and structured-finance player Sarwa Capital recently closed Egypt\u2019s second corporate sukuk issuance since the debt instrument was introduced to the country. The EGP 2.5 bn sale also set a record for the largest yet in the young segment, surpassing Talaat Moustafa Group\u2019s EGP 2 bn offering <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ef7701a0-d587-43d5-83be-5cd65ef90328\">earlier this year<\/a>. Since then, the debt market has been heating up as more players look to follow Sarwa and TMG\u2019s lead, and the Financial Regulatory Authority tries to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7781d265-be69-4137-85d1-85116a1c32d3\">drum up interest<\/a> in the sharia-compliant securities.<\/p>\n<p><strong>But, uh, what\u2019s a sukuk? It\u2019s a question a child might ask, but not a childish question. <\/strong>Sukuk (which is the Arabic plural form of the word \u201csakk,\u201d or certificate) work like debt instruments, but instead of being interest-paying securities they represent co-ownership and co-investment in cash-generating assets.<\/p>\n<p><strong>Why?<\/strong> Sharia law considers charging interest a form of \u201cribba\u201d (or usury), rendering bonds an un-Islamic investment.<\/p>\n<p><strong>Still unclear how sukuk are different from bonds? <\/strong>The key differentiating factor is that sukuk are based on an underlying asset, which generates a return or \u201cincome rate\u201d for an investor, rather than a \u201ccoupon rate\u201d for a lender.<\/p>\n<p><strong>Sukuk need signoff from religious scholars<\/strong> who issue fatwas (edicts) that a certain sukuk structure is sharia-compliant. Sukuk issuers must always stay away from assets linked to businesses involving off-limits topics like tobacco, arms and alcohol.<\/p>\n<p><strong>Really, though, sukuk and bonds aren\u2019t all that different. <\/strong>Both instruments have defined terms to maturity, they both tend to receive credit ratings, and many types of sukuk are tradable.<\/p>\n<p><strong>The process: <\/strong>The issuer of sukuk \u2014 typically companies, financial institutions, or sovereign states looking to raise funds \u2014 creates a special purpose vehicle to which it transfers ownership of the assets that will be used to back the sukuk. The SPV will then typically sell to investors what are called trust certificates, which represent a share of the ownership of the assets. The investors then receive a proportion of the income generated by the assets.<\/p>\n<p><strong>Not all sukuk are created equal: <\/strong>Sukuk are differentiated by the type of asset or activity of the obligor. Common sukuk structures are \u201c<strong>ijara<\/strong>,\u201d or sale and lease-back sukuk, \u201c<strong>mudarabah<\/strong>,\u201d or project finance sukuk, \u201c<strong>murabaha<\/strong>,\u201d which work in a similar way to trade finance, and \u201c<strong>musharakah<\/strong>,\u201d or joint-venture sukuk. There are also other types of sukuk linked to certain activities such as \u201c<strong>istizraa<\/strong>\u201d to fund agricultural companies and \u201c<strong>istisnaa<\/strong>\u201d to fund manufacturers.<\/p>\n<p><strong>DID YOU KNOW? <\/strong>Sukuk are nearly as old as Islam itself. They can be traced back to the 1st century of the Islamic Hijri calendar. By the 7th Hijri century, the Umayyad dynasty issued sukuk to its soldiers and public servants as compensation for their effort, according to a sukuk lecture series by Marifa Academy (<a href=\"https:\/\/www.youtube.com\/watch?v=ohimum6V34k\">watch, runtime: 9:34<\/a>).<\/p>\n<p><strong>Want more Islamic finance?<\/strong><\/p>\n<ul>\n<li><strong>For investors: <\/strong>Watch this short video by <a href=\"https:\/\/www.facebook.com\/amanafunds\/videos\/1052175298305358\">Amana Mutual Funds Trust<\/a> (runtime: 3:52) or read this recent piece in <a href=\"https:\/\/www.ft.com\/content\/cec38bf2-440b-11df-9235-00144feab49a\">the Financial Times<\/a>.<\/li>\n<li><strong>For students and nerds: <\/strong>Check out this lecture-style YouTube series from <a href=\"https:\/\/www.youtube.com\/watch?v=SXWdYchQBRo&list=PLNAQg42Qalc0rrshAfTB_EitZVzmmRDUc\">Marifa Academy<\/a>.<\/li>\n<li><strong>Staying informed: <\/strong>The Financial Times has <a href=\"https:\/\/www.ft.com\/islamic-finance\">a news section<\/a> on Islamic finance which subscribers can add to their lists. <a href=\"https:\/\/www.islamicfinancenews.com\/\">Islamic Finance News<\/a> and the <a href=\"https:\/\/www.sukuk.com\/education\/defaulting-sukuk-penalties-restructuring-3534\/#\/?playlistId=0&videoId=0\">Islamic Finance Foundation<\/a> are also useful resources to help you stay up to date.<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economics\/\">economics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-explains\/\">Enterprise Explains<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/finance\/\">Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/islamic-finance\/\">Islamic finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sukuk\/\">sukuk<\/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=\"567827\" 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=\"567827\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">Making It<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/how-to-choose-business-partners-with-actis-partner-hossam-abou-moussa\/\">\r\n                            How to choose business partners, 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\/08\/how-to-choose-business-partners-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\/08\/how-to-choose-business-partners-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\/08\/how-to-choose-business-partners-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=How to choose business partners, with Actis Partner Hossam Abou Moussa&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/how-to-choose-business-partners-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\/08\/how-to-choose-business-partners-with-actis-partner-hossam-abou-moussa\/&title=How to choose business partners, 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=How+to+choose+business+partners%2C+with+Actis+Partner+Hossam+Abou+Moussa+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F08%2Fhow-to-choose-business-partners-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\/08\/how-to-choose-business-partners-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\/159.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"567828\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/how-to-choose-business-partners-with-actis-partner-hossam-abou-moussa\/159-jpg-16\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/159.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"159.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/159.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/159.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567827\" class=\"content-area-description single-story post-567827 post type-post status-publish format-standard has-post-thumbnail hentry category-making-it tag-actis tag-enterpriseam tag-hossam-abou-moussa tag-making-it tag-private-equity wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>How do you choose an investor? <\/strong>We discuss the criteria for choosing business partners and what really sets businesses apart to investors with Actis Partner Hossam Abou Moussa in the season finale of Making It. Abou Moussa leads a team of investors focusing on financial services in emerging markets and talks us through fintech in Egypt and abroad.<\/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\/2JjZDkt\">Anghami<\/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\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\/hossam-abou-moussa\/\">Hossam Abou Moussa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/making-it\/\">Making It<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/private-equity\/\">private equity<\/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=\"567829\" 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=\"567829\">\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\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/also-on-our-radar-on-8-december-2020\/\">\r\n                            Also on our radar on 8 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\/08\/also-on-our-radar-on-8-december-2020\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/also-on-our-radar-on-8-december-2020\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/also-on-our-radar-on-8-december-2020\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Also on our radar on 8 December 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/also-on-our-radar-on-8-december-2020\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/also-on-our-radar-on-8-december-2020\/&title=Also on our radar on 8 December 2020\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Also+on+our+radar+on+8+December+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F08%2Falso-on-our-radar-on-8-december-2020%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/also-on-our-radar-on-8-december-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567829\" class=\"content-area-description single-story post-567829 post type-post status-publish format-standard hentry category-also-on-our-radar tag-also-on-our-radar tag-bariq tag-coca-cola tag-enterpriseam tag-recycling 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-07\"><\/a> <strong>Raya\u2019s <\/strong><strong>BariQ<\/strong><strong> will establish Egypt\u2019s largest plastic recycling facility in Sixth of <\/strong><strong>October<\/strong> after securing financing from Coca-Cola, Bariq CEO Osama Zaki said, according to <a href=\"https:\/\/bit.ly\/2L5UGMG\">Al Mal<\/a>. The plant will sort 10 tonnes of plastic an hour when running at full capacity, which Zaki says would be the highest rate in the world. Coca-Cola, which considers the project a part of its CSR mandate, will finance most of the project. <a href=\"https:\/\/www.bariq-eg.com\/about-us\/\">BariQ<\/a>, which is 99% owned by Raya Holding, recycles<a href=\"http:\/\/www.petresin.org\/news_introtoPET.asp\">polyethylene terephthalate<\/a>, a common polymer used for food packaging and drinks bottles. Raya is currently <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b0471f41-7075-4dd6-8a0a-5f768910dca7\">looking to offload<\/a> its stake in BariQ to an unnamed foreign investor.<\/p>\n<p><strong>A couple more of those please, Mr. Cola:<\/strong> The soft drinks giant has been named the world\u2019s biggest plastic polluter by environmental group BreakFree From Plastic, which accuses it of making \u201czero progress\u201d on cutting its plastic waste, <a href=\"https:\/\/www.theguardian.com\/environment\/2020\/dec\/07\/coca-cola-pepsi-and-nestle-named-top-plastic-polluters-for-third-year-in-a-row\">the Guardian<\/a> reports.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/bariq\/\">BariQ<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/coca-cola\/\">Coca-Cola<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/recycling\/\">recycling<\/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=\"567830\" 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=\"567830\">\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\">COVID WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/everything-you-need-to-know-about-covid-at-home-and-abroad-on-8-december-2020\/\">\r\n                            Everything you need to know about covid at home and abroad on 8 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\/08\/everything-you-need-to-know-about-covid-at-home-and-abroad-on-8-december-2020\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/everything-you-need-to-know-about-covid-at-home-and-abroad-on-8-december-2020\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/everything-you-need-to-know-about-covid-at-home-and-abroad-on-8-december-2020\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Everything you need to know about covid at home and abroad on 8 December 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/everything-you-need-to-know-about-covid-at-home-and-abroad-on-8-december-2020\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/everything-you-need-to-know-about-covid-at-home-and-abroad-on-8-december-2020\/&title=Everything you need to know about covid at home and abroad on 8 December 2020\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Everything+you+need+to+know+about+covid+at+home+and+abroad+on+8+December+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F08%2Feverything-you-need-to-know-about-covid-at-home-and-abroad-on-8-december-2020%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/everything-you-need-to-know-about-covid-at-home-and-abroad-on-8-december-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567830\" class=\"content-area-description single-story post-567830 post type-post status-publish format-standard hentry category-covid-watch tag-china tag-covid-19 tag-enterpriseam tag-sinopharm tag-sinovac tag-vaccines wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The Health Ministry <\/strong><strong><a href=\"https:\/\/bit.ly\/36R3SNx\">reported<\/a><\/strong><strong> 415 new covid-19 infections yesterday<\/strong>, down from 418 the day before. Egypt has now disclosed a total of 118,847 confirmed cases of covid-19. The ministry also reported 19 new deaths, bringing the country\u2019s total death toll to 6,790.<\/p>\n<p><strong>Clad in tinfoil hats, the anti-vax movement is alive and well<\/strong>, with some 40% of Europeans saying in a survey they were hesitant or unwilling to take a covid-19 vaccine out of concern over their rushed development and testing process, the <a href=\"https:\/\/www.wsj.com\/articles\/covid-19-vaccine-rollout-faces-public-concerns-over-safety-11607344315?mod=hp_lead_pos2\">Wall Street Journal<\/a> reports. Critically, many of those who don\u2019t plan on taking the vaccine are otherwise not anti-vax, saying they and their children have taken other recommended inoculations. Some respondents have said that they could eventually take the vaccine, but only after enough time has passed that their efficacy and side effects are clearer.<\/p>\n<p><strong>Pushback or not, governments are rolling out plans for the vaccines:<\/strong> Canada has reserved enough doses of covid-19 vaccines for a population 4 times its size, making it the best-stocked country in the world and putting it on track to potentially start vaccinating its citizens by next week, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-12-07\/canada-has-reserved-more-vaccine-doses-per-person-than-anywhere?sref=mmeFTDW1\">Bloomberg<\/a> reports. Meanwhile, Brazil plans to begin administering vaccines on 25 January in Sao Paulo, and is the first Latin American country to announce a concrete date for vaccination plans, despite the vaccine having yet to receive local regulatory approval, the <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-12-07\/sao-paulo-sets-first-date-in-latin-america-to-start-vaccinations?srnd=premium-middle-east&sref=mmeFTDW1\">business information service<\/a> reports.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sinopharm\/\">Sinopharm<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sinovac\/\">Sinovac<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"567831\" 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=\"567831\">\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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/what-the-markets-are-doing-on-8-december-2020\/\">\r\n                            What the markets are doing on 8 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\/08\/what-the-markets-are-doing-on-8-december-2020\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/what-the-markets-are-doing-on-8-december-2020\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/what-the-markets-are-doing-on-8-december-2020\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=What the markets are doing on 8 December 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/what-the-markets-are-doing-on-8-december-2020\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/what-the-markets-are-doing-on-8-december-2020\/&title=What the markets are doing on 8 December 2020\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=What+the+markets+are+doing+on+8+December+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F08%2Fwhat-the-markets-are-doing-on-8-december-2020%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/what-the-markets-are-doing-on-8-december-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567831\" class=\"content-area-description single-story post-567831 post type-post status-publish format-standard hentry category-planet-finance tag-airbnb tag-banking tag-china tag-chinese-central-bank tag-cisco tag-cryptocurrency tag-dbs tag-digital-currency tag-digital-yuan tag-enterpriseam tag-financial-markets tag-imimobile tag-jd-com tag-piyush-gupta tag-planet-finance tag-singapore wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_408150\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408151.svg\" alt=\"\" class=\"wp-image-408151\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><a class=\"content-anchor\" id=\"tldr-story-09\"><\/a> <strong>The EGX30 fell 0.3% yesterday<\/strong> on turnover of EGP 1.8 bn (27.1% above the 90-day average). Regional investors were net sellers. The index is down 21.3% YTD.<\/p><p><strong>In the green: <\/strong>Egyptian Iron &amp; Steel (+5.9%), Dice (+5.1%) and Orascom Development Egypt (+2.3%).<\/p><p><strong>In the red: <\/strong>Juhayna (-5.1%), Emaar Misr (-2.3%) and Egypt Kuwait Holding (-2.2%).<\/p><p><strong>Asian markets <\/strong><strong>in the red so far this morning <\/strong>and futures suggest Wall Street and most European markets will follow suit later today.<\/p><div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table table-striped markets-table\">\n<tbody>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>EGX30 <\/strong><\/p>\n<\/td>\n<td>\n<p>10,995<\/p>\n<\/td>\n<td>\n<p>-0.3% (YTD: -21.3%)<\/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 15.62<\/p>\n<\/td>\n<td>\n<p>Sell 15.72<\/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 15.62<\/p>\n<\/td>\n<td>\n<p>Sell 15.72<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Interest rates CBE<\/strong><\/p>\n<\/td>\n<td>\n<p>8.25% deposit<\/p>\n<\/td>\n<td>\n<p>9.25% lending<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Tadawul<\/strong><\/p>\n<\/td>\n<td>\n<p>8,633<\/p>\n<\/td>\n<td>\n<p>+0.6% (YTD: +2.9%)<\/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>ADX<\/strong><\/p>\n<\/td>\n<td>\n<p>5,042<\/p>\n<\/td>\n<td>\n<p>+0.2% (YTD: -0.7%)<\/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>2,483<\/p>\n<\/td>\n<td>\n<p>-% (YTD: -10.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>S&amp;P 500<\/strong><\/p>\n<\/td>\n<td>\n<p>3,692<\/p>\n<\/td>\n<td>\n<p>-0.2% (YTD: +14.3%)<\/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>6,555<\/p>\n<\/td>\n<td>\n<p>+0.1% (YTD: -13.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 48.79<\/p>\n<\/td>\n<td>\n<p>-0.9%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td>\n<p>USD 2.45<\/p>\n<\/td>\n<td>\n<p>+1.87%<\/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 1,867.70<\/p>\n<\/td>\n<td>\n<p>+0.1%<\/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>BTC<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 19,220.03<\/p>\n<\/td>\n<td>\n<p>-0.5%<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><p><strong>IPO WATCH- It\u2019s a big week for IPOs in the US of A<\/strong>, as Airbnb and DoorDash look to break December records by <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-12-07\/airbnb-doordash-boost-price-ranges-ahead-of-mega-week-for-ipos?srnd=premium&amp;sref=mmeFTDW1\">raising a combined USD 6.2 bn<\/a> when they make their trading debuts:<\/p><ul>\n<li><strong>Airbnb will raise<\/strong><strong> its price range to USD 56-60 from USD 44-50<\/strong>, upping its valuation to USD 42 bn, <a href=\"https:\/\/www.wsj.com\/articles\/airbnb-boosts-ipo-price-range-to-between-56-and-60-a-share-11607302117?mod=hp_lead_pos1\">the Wall Street Journal<\/a> reports. The company IPOs on the Nasdaq today and begins trading tomorrow.<\/li>\n<li><strong>DoorDash has done likewise<\/strong>, increasing its price range to USD 90-95 from USD 75-85, valuing the company at more than USD 35 bn, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-12-04\/startup-doordash-boosts-ipo-fundraising-target-to-3-1-billion?sref=mmeFTDW1\">Bloomberg<\/a>. <a href=\"https:\/\/www.marketwatch.com\/story\/heres-why-doordash-is-the-most-ridiculous-ipo-of-2020-11606959747\">MarketWatch<\/a> is calling DoorDash \u201cthe most ridiculous IPO of 2020,\u201d claiming that bankers are rushing the listing of the \u201cterrible business\u201d before the end of the pandemic kills demand for food delivery.<\/li>\n<\/ul><p><strong>Dubai\u2019s perma property slump is hitting Emaar<\/strong>, which is temporarily putting a lid on new developments in the city, according to a <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-12-07\/dubai-s-largest-developer-halts-new-projects-as-glut-hits-values?sref=mmeFTDW1\">Bloomberg<\/a> report quoting Mohamed Alabbar, chairman of the real estate giant. The combination of a long-term supply glut and the covid-19 pandemic has seen property prices fall by almost a third in the past six years.<\/p><p><strong>Also worth knowing this morning:<\/strong><\/p><ul>\n<li><strong>An activist investor is getting in Exxon\u2019s face over its shoddy climate record:<\/strong> Engine No. 1, a small investment firm which appeared on the scene only a week ago, is sending a letter to the US oil giant urging it to pivot to clean energy and hopes larger shareholders \u2014 such as BlackRock and State Street which own 20% of Exxon \u2014 will be sympathetic to the cause, according to <a href=\"https:\/\/www.wsj.com\/articles\/exxon-under-pressure-from-new-activist-fund-11607310000?mod=hp_lead_pos6\">the Wall Street Journal<\/a>.<\/li>\n<li><strong>The digital yuan has its first online retailer:<\/strong> China\u2019s largest retailer JD.com has become the first company to begin accepting the digital yuan the government continues to trial its new national digital currency, according to <a href=\"https:\/\/www.cnbc.com\/2020\/12\/07\/china-hands-out-digital-yuan-in-trial-as-jdcom-accepts-the-currency.html\">CNBC<\/a>.<\/li>\n<li><strong>French giant Soci\u00e9t\u00e9 G\u00e9n\u00e9rale is one bank that is already cutting back on costs<\/strong>, announcing that it will close 600 branches in France and slash EUR 450 mn from its budget, <a href=\"https:\/\/www.ft.com\/content\/9b400dfd-1506-4d00-8007-3e9dddca64bf\">the Financial Times<\/a> reports.<\/li>\n<\/ul>\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\/airbnb\/\">Airbnb<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/chinese-central-bank\/\">Chinese Central Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cisco\/\">Cisco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cryptocurrency\/\">cryptocurrency<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/dbs\/\">DBS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/digital-currency\/\">Digital currency<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/digital-yuan\/\">digital yuan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-markets\/\">Financial Markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/imimobile\/\">IMImobile<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/jd-com\/\">JD.com<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/piyush-gupta\/\">Piyush Gupta<\/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\/singapore\/\">Singapore<\/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=\"567832\" 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=\"567832\">\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\">AROUND THE WORLD<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/around-the-world-on-8-december-2020\/\">\r\n                            Around the world on 8 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\/08\/around-the-world-on-8-december-2020\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/around-the-world-on-8-december-2020\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/around-the-world-on-8-december-2020\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Around the world on 8 December 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/around-the-world-on-8-december-2020\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/around-the-world-on-8-december-2020\/&title=Around the world on 8 December 2020\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Around+the+world+on+8+December+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F08%2Faround-the-world-on-8-december-2020%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/around-the-world-on-8-december-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567832\" class=\"content-area-description single-story post-567832 post type-post status-publish format-standard hentry category-around-the-world tag-around-the-world tag-china tag-donald-trump tag-enterpriseam tag-hong-kong tag-us wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Lebanon is hurtling towards a social and economic catastrophe<\/strong> as the country\u2019s resources to cover subsidies of basic goods are expected to dry up within two months, UNICEF and the ILO warned, according to <a href=\"https:\/\/www.reuters.com\/article\/lebanon-crisis-subsidies-unitednations\/as-lebanon-subsidy-crunch-looms-u-n-agencies-warn-of-social-catastrophe-idUSKBN28H1FE\">Reuters<\/a>. The Lebanese central bank had been subsidizing basic goods by providing foreign currency to importers at a discount amid the country\u2019s worst economic crisis since the civil war, with the World Bank predicting more than half the Lebanese population could fall under the poverty line by 2021.<\/p>\n<p><strong>Trump administration prepares parting China sanctions:<\/strong> The US could impose financial sanctions and asset freezes on up to 14 Chinese officials in the coming days over their alleged role in disqualifying opposition lawmakers in Hong Kong, according to <a href=\"https:\/\/www.reuters.com\/article\/us-usa-china-sanctions-exclusive\/exclusive-u-s-preparing-new-sanctions-on-chinese-officials-over-hong-kong-crackdown-sources-idUSKBN28H039\">Reuters<\/a>. The possible move comes as Donald Trump looks to maintain pressure on Beijing during his last weeks in office. Stock markets in Asia inched downwards as investors anticipated further deterioration in US-Sino relations.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/around-the-world\/\">Around the World<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/donald-trump\/\">Donald Trump<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hong-kong\/\">Hong Kong<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us\/\">US<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"567833\" 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=\"567833\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">16<\/div>\r\n\r\n                    <p class=\"f-graphik\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/egypts-squash-champ-nour-el-tayeb-announces-retirement\/\">\r\n                            Egypt\u2019s squash champ Nour El Tayeb announces retirement                        <\/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\/08\/egypts-squash-champ-nour-el-tayeb-announces-retirement\/\" 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\/08\/egypts-squash-champ-nour-el-tayeb-announces-retirement\/')\">\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\/08\/egypts-squash-champ-nour-el-tayeb-announces-retirement\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt\u2019s squash champ Nour El Tayeb announces retirement&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/egypts-squash-champ-nour-el-tayeb-announces-retirement\/\">\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\/08\/egypts-squash-champ-nour-el-tayeb-announces-retirement\/&title=Egypt\u2019s squash champ Nour El Tayeb announces retirement\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt%E2%80%99s+squash+champ+Nour+El+Tayeb+announces+retirement+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F08%2Fegypts-squash-champ-nour-el-tayeb-announces-retirement%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\/08\/egypts-squash-champ-nour-el-tayeb-announces-retirement\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/160.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"567834\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/egypts-squash-champ-nour-el-tayeb-announces-retirement\/160-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/160.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"160.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/160.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/160.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567833\" class=\"content-area-description single-story post-567833 post type-post status-publish format-standard has-post-thumbnail hentry category-on-your-way-out tag-enterpriseam tag-on-your-way-out tag-sports wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>World no.3 squash player Nour El Tayeb announced she\u2019s retiring from the sport<\/strong><strong> after becoming pregnant<\/strong>, <a href=\"https:\/\/www.kingfut.com\/2020\/12\/07\/squash-nour-el-tayeb-retirement\/\">King Fut<\/a> reports. The 27-year-old Egyptian champion clinched both the Cleveland Classic and Manchester Open titles this year, but <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/252069ef-7fcf-4562-a09a-a343e7fe7164\">lost the CIB Egyptian Open<\/a> to world no.1 and fellow Egyptian Nouran Farag. El Tayeb made history in 2017 by landing the US Open title on the same day as her husband, world no.1 Ali Farag.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/on-your-way-out\/\">ON YOUR WAY OUT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sports\/\">sports<\/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=\"567835\" 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\/08\/calendar-on-8-december-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567835\" class=\"content-area-description single-story post-567835 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>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>8 December (Tuesday): EAEF webinar on the future of Egypt\u2019s private sector. Register <a href=\"https:\/\/us02web.zoom.us\/webinar\/register\/WN_dVnOch4rS7uPP80AEXg8yA\">here<\/a>.<\/p>\n<p>9-10 December (Wednesday-Thursday): <a href=\"http:\/\/www.biznexpo.com\/\">BiznEx<\/a>, the international business expo in Egypt, Nile Ritz Carlton Hotel, Cairo, Egypt.<\/p>\n<p>14 December (Monday): Final results will be announced for Parliamentary elections held in Cairo, Qalyubia, Menofia, Gharbia, Kafr El Sheikh, Sharqia, Damietta, Port Said, Ismailia, Suez, North Sinai and South Sinai.<\/p>\n<p>15 December (Tuesday): House of Representatives reconvenes from recess.<\/p>\n<p>15-16 December (Tuesday-Wednesday): US Federal Open Market Committee will hold its two-day policy meeting to review the interest rate.<\/p>\n<p>24 December (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>25 December (Friday): Western Christmas.<\/p>\n<p>31 December (Thursday): Egypt-UK post-Brexit trade agreement <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/3\/12\/393664\/Business\/Economy\/EgyptUK-trade-agreement-takes-effect--December-UK-.aspx\">to take effect<\/a>.<\/p>\n<p>31 December (Thursday): <a href=\"https:\/\/bit.ly\/338zJHg\">Deadline<\/a> for car owners to comply with traffic regulations to install a RFID electronic sticker on their cars.<\/p>\n<p>1Q2021: The Seventh Annual <a href=\"https:\/\/www.egyptautomotive.com\/1168552\">Egypt Automotive Summit<\/a> will be held<\/p>\n<p>1H2021: Egypt\u2019s Commodities Exchange (<a href=\"http:\/\/www.egycomex.com\/\">Egycomex<\/a>) will <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/448d2768-4310-463e-af98-dcd93cbfd05a\">begin trading<\/a>.<\/p>\n<p>1 January 2021 (Friday): New Year\u2019s Day, national holiday.<\/p>\n<p>7 January 2021 (Thursday): Coptic Christmas, national holiday.<\/p>\n<p>13-31 January (Wednesday-Sunday): Egypt will host the 2021 <a href=\"https:\/\/www.handballegypt2021.com\/\">Men\u2019s Handball World Championship<\/a> at the Giza Pyramids.<\/p>\n<p>17 January 2021 (Sunday): A court will hold a <a href=\"https:\/\/ent.news\/2020\/11\/%D8%A8%D9%88%D8%B1%D8%AA%D9%88-%D8%A8%D9%8A%D8%A7%D9%86-23-11-2020.pdf\">postponed hearing<\/a> to look into an appeal by Syria\u2019s Anataradous against an arbitration ruling in favor of Amer Group and Amer Syria in case 445 of 2019.<\/p>\n<p>25 January 2021 (Monday): 25 January revolution anniversary \/ Police Day.<\/p>\n<p>25-29 January 2021 (Monday-Friday): The World Economic Forum\u2019s \u201cDavos Dialogues\u201d will take place virtually.<\/p>\n<p>26-28 January (Tuesday-Thursday): Future Investment Initiative, Riyadh, Saudi Arabia.<\/p>\n<p>28 January 2021 (Thursday): National holiday in observance of 25 January revolution anniversary \/ Police Day.<\/p>\n<p>4 February 2021 (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>6-18 February (Saturday-Thursday): Mid-year school break.<\/p>\n<p>18 March 2021 (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>12 April 2021 (Monday): First day of Ramadan (TBC).<\/p>\n<p>25 April 2021 (Sunday): Sinai Liberation Day.<\/p>\n<p>29 April 2021 (Thursday): National holiday in observance of Sinai Liberation Day.<\/p>\n<p>29 April 2021 (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>3 May 2021 (Monday): Sham El Nessim.<\/p>\n<p>6 May 2021 (Thursday): National holiday in observance of Sham El Nessim.<\/p>\n<p>12-15 May 2021 (Wednesday-Saturday): Eid El Fitr (TBC).<\/p>\n<p>18-21 May 2021 (Tuesday-Friday): The World Economic Forum\u2019s annual meeting will be held under the theme of \u201cThe Great Reset\u201d in Lucerne-B\u00fcrgenstock, Switzerland<\/p>\n<p>31 May-2 June 2021 (Monday-Wednesday): <a href=\"https:\/\/www.egyps.com\/\">Egypt Petroleum Show<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>30 May-15 June 2021 (Wednesday-Thursday): <a href=\"https:\/\/bit.ly\/398Prpy\">Cairo International Book Fair<\/a>.<\/p>\n<p>1 June 2021 (Tuesday): The IMF will conduct a second review of targets set under the USD 5.2 bn standby loan approved in June 2020 (proposed date).<\/p>\n<p>10 June 2021 (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>24 June 2021 (Thursday): End of the 2020-2021 academic year.<\/p>\n<p>26-29 June 2021 (Saturday-Tuesday): <a href=\"https:\/\/www.thebig5constructegypt.com\/?utm_source=Adestra&utm_medium=email&CID=003D000002UIHn4IAH&utm_campaign=Egyp%5Bt%20postponement%20generic%20exp%20visp&utm_term&utm_content=7014G000001cG3zQAE&CNAME=Enterprise\">The Big 5 Construct Egypt<\/a>, Cairo International Convention Center<\/p>\n<p>30 June- 15 July 2021: National Book Fair.<\/p>\n<p>22 July 2021 (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>30 July-3 August 2021 (Thursday-Monday): Eid Al Adha, national holiday (TBC).<\/p>\n<p>1 October 2021-31 March 2022 (Friday-Thursday): Postponed <a href=\"https:\/\/www.expo2020dubai.com\">Expo 2020 Dubai<\/a>.<\/p>\n<p>December 2021: <a href=\"https:\/\/www.egypttoday.com\/Article\/1\/94796\/9th-UN-Convention-Against-Corruption-conference-to-be-held-in\">United Nations Convention against Corruption<\/a>, Sharm El Sheikh, Egypt.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":567807,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-567806","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"b6f25e00-3b05-49d6-a39c-41cb135fb271","teaser":"","photo_url":"https:\/\/ent.news\/2020\/12\/150.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>A new tax platform is going live next month as FinMin pushes ahead to pull grey economy into the light - 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\" href=\"https:\/\/enterpriseam.com\/egypt\/issues\/a-new-tax-platform-is-going-live-next-month-as-finmin-pushes-ahead-to-pull-grey-economy-into-the-light\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A new tax platform is going live next month as FinMin pushes ahead to pull grey economy into the light\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/issues\/a-new-tax-platform-is-going-live-next-month-as-finmin-pushes-ahead-to-pull-grey-economy-into-the-light\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T06:04:54+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/150.jpg?fit=%2C&ssl=1\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/a-new-tax-platform-is-going-live-next-month-as-finmin-pushes-ahead-to-pull-grey-economy-into-the-light\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/issues\/a-new-tax-platform-is-going-live-next-month-as-finmin-pushes-ahead-to-pull-grey-economy-into-the-light\/\",\"name\":\"A new tax platform is going live next month as FinMin pushes ahead to pull grey economy into the light - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/a-new-tax-platform-is-going-live-next-month-as-finmin-pushes-ahead-to-pull-grey-economy-into-the-light\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/a-new-tax-platform-is-going-live-next-month-as-finmin-pushes-ahead-to-pull-grey-economy-into-the-light\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/150.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2020-12-08T04:02:40+00:00\",\"dateModified\":\"2025-12-16T06:04:54+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/a-new-tax-platform-is-going-live-next-month-as-finmin-pushes-ahead-to-pull-grey-economy-into-the-light\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/issues\/a-new-tax-platform-is-going-live-next-month-as-finmin-pushes-ahead-to-pull-grey-economy-into-the-light\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/a-new-tax-platform-is-going-live-next-month-as-finmin-pushes-ahead-to-pull-grey-economy-into-the-light\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/150.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/150.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/a-new-tax-platform-is-going-live-next-month-as-finmin-pushes-ahead-to-pull-grey-economy-into-the-light\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Issues\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/AMarchives\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"A new tax platform is going live next month as FinMin pushes ahead to pull grey economy into the light\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"A new tax platform is going live next month as FinMin pushes ahead to pull grey economy into the light - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/issues\/a-new-tax-platform-is-going-live-next-month-as-finmin-pushes-ahead-to-pull-grey-economy-into-the-light\/","og_locale":"en_US","og_type":"article","og_title":"A new tax platform is going live next month as FinMin pushes ahead to pull grey economy into the light","og_url":"https:\/\/enterpriseam.com\/egypt\/issues\/a-new-tax-platform-is-going-live-next-month-as-finmin-pushes-ahead-to-pull-grey-economy-into-the-light\/","og_site_name":"EnterpriseAM Egypt","article_modified_time":"2025-12-16T06:04:54+00:00","twitter_card":"summary_large_image","twitter_image":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/150.jpg?fit=%2C&ssl=1","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/a-new-tax-platform-is-going-live-next-month-as-finmin-pushes-ahead-to-pull-grey-economy-into-the-light\/","url":"https:\/\/enterpriseam.com\/egypt\/issues\/a-new-tax-platform-is-going-live-next-month-as-finmin-pushes-ahead-to-pull-grey-economy-into-the-light\/","name":"A new tax platform is going live next month as FinMin pushes ahead to pull grey economy into the light - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/a-new-tax-platform-is-going-live-next-month-as-finmin-pushes-ahead-to-pull-grey-economy-into-the-light\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/a-new-tax-platform-is-going-live-next-month-as-finmin-pushes-ahead-to-pull-grey-economy-into-the-light\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/150.jpg?fit=%2C&ssl=1","datePublished":"2020-12-08T04:02:40+00:00","dateModified":"2025-12-16T06:04:54+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/a-new-tax-platform-is-going-live-next-month-as-finmin-pushes-ahead-to-pull-grey-economy-into-the-light\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/issues\/a-new-tax-platform-is-going-live-next-month-as-finmin-pushes-ahead-to-pull-grey-economy-into-the-light\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/a-new-tax-platform-is-going-live-next-month-as-finmin-pushes-ahead-to-pull-grey-economy-into-the-light\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/150.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/150.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/a-new-tax-platform-is-going-live-next-month-as-finmin-pushes-ahead-to-pull-grey-economy-into-the-light\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Issues","item":"https:\/\/enterpriseam.com\/egypt\/AMarchives\/"},{"@type":"ListItem","position":3,"name":"A new tax platform is going live next month as FinMin pushes ahead to pull grey economy into the light"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}}]}},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/567806","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/issue"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/567806\/revisions"}],"predecessor-version":[{"id":567845,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/567806\/revisions\/567845"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/567807"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=567806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=567806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=567806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}