{"id":567886,"date":"2020-12-10T04:11:49","date_gmt":"2020-12-10T04:11:49","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=567886"},"modified":"2025-12-16T06:07:01","modified_gmt":"2025-12-16T06:07:01","slug":"military-ipos-are-coming-stock-pix-and-a-vaccine-for-the-new-year","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/military-ipos-are-coming-stock-pix-and-a-vaccine-for-the-new-year\/","title":{"rendered":"Military IPOs are coming + stock pix and a vaccine for the new year"},"content":{"rendered":"<section id=\"567888\" 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=\"567888\">\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\/10\/what-were-tracking-on-10-december-2020\/\">\r\n                            What we\u2019re tracking on 10 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\/10\/what-were-tracking-on-10-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\/10\/what-were-tracking-on-10-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\/10\/what-were-tracking-on-10-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 10 December 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/10\/what-were-tracking-on-10-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\/10\/what-were-tracking-on-10-december-2020\/&title=What we\u2019re tracking on 10 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+10+December+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F10%2Fwhat-were-tracking-on-10-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\/10\/what-were-tracking-on-10-december-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567888\" class=\"content-area-description single-story post-567888 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-enterpriseam tag-qnb-alahli 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><strong>Good morning, friends. <\/strong>We made it through another week together. There are just 21 days left in 2020, if you \u2014 like us \u2014 are keeping count.<\/p><p><strong>*** We\u2019re a bit late this morning because one of our cloud services is glitching this <\/strong><strong>morning.<\/strong> We\u2019ve addressed most of the problem, but you may have intermittent issues seeing images in the email edition. We\u2019re sorry for the inconvenience, folks, and will take steps to make sure it doesn\u2019t happen again.<\/p><p><strong>The big news globally this morning: Facebook is an illegal monopoly <\/strong>that has used a \u201cbuy or bury\u201d strategy to crush its rivals, according to lawsuits filed by the US Federal Trade Commission and nearly every state in the union. <strong>El Face could be forced to sell instagram and WhatsApp<\/strong>, its prized possessions. \u201cFor nearly a decade, Facebook has used its dominance and monopoly power to crush smaller rivals, snuff out competition, all at the expense of everyday users,\u201d the New York\u2019s Attorney General said on behalf of the coalition.<\/p><p><strong>The story dominates front pages in the business press on just about every continent. <\/strong>You\u2019ll want to check out the <a href=\"https:\/\/www.nytimes.com\/2020\/12\/09\/technology\/facebook-antitrust-monopoly.html\">NYT<\/a>, the <a href=\"https:\/\/www.wsj.com\/articles\/facebook-hit-with-antitrust-lawsuit-by-federal-trade-commission-state-attorneys-general-11607543139\">Wall Street Journal<\/a>, <a href=\"https:\/\/www.ft.com\/content\/5c03ac0f-7122-4c31-97a5-ecab3928a038\">Financial Times<\/a> and <a href=\"https:\/\/www.reuters.com\/article\/us-tech-antitrust-facebook\/facebook-faces-u-s-lawsuits-that-could-force-sale-of-instagram-whatsapp-idUSKBN28J2UL\">Reuters<\/a> to get oriented and go a bit deeper.<\/p><p><strong>Big tech IPOs are also making headlines: <\/strong>Delivery outfit DoorDash shares <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-12-09\/doordash-set-for-trading-debut-after-ipo-raises-3-37-billion\">popped 92%<\/a> in their Wall Street debut yesterday, while the <a href=\"https:\/\/www.wsj.com\/articles\/airbnb-expected-to-price-ipo-above-56-to-60-a-share-range-11607527468?mod=hp_lead_pos6\">WSJ reports<\/a> in an exclusive that it has priced its IPO at a point that \u201cfar exceeds\u201d its expected range. <strong>Shares of the home-rental startup will make their debut today<\/strong>.<\/p><hr class=\"grey-line\"><p><strong>Closer to home: China\u2019s top covid-19 vaccine is about 86% efficient<\/strong>, the UAE reported yesterday. Egypt was among the countries participating in the clinical trials. We have chapter and verse in this morning\u2019s Covid Watch, below.<\/p><p><strong>Also: At least three new state-owned companies are now in the government\u2019s IPO funnel<\/strong>, including what could become the first two military-owned companies to make their EGX debut, as we report below.<\/p><p><strong>It\u2019s inflation day:<\/strong> Capmas and the Central Bank of Egypt are due to release November inflation figures today \u2014 two weeks ahead of the Monetary Policy Committee\u2019s final meeting of 2020 to review interest rates on 24 December. Annual headline inflation accelerated to 4.6% in October on the back of a delayed start to the academic year, which always fuels inflation in fall.<\/p><p><strong>The first in a new GIZ webinar series for the finance industry is set to take place today. <\/strong>You can learn more <a href=\"https:\/\/ent.news\/2020\/12\/PAFSME_-PRL-Frankfurt-School-Webinar-Series.pdf\">here (pdf)<\/a> or <a href=\"https:\/\/www.frankfurt-school.de\/home\/international-advisory-services\/Webinar--Covid-19-impact-on-the-financial-system-in-Egypt\">register here<\/a>.<\/p><p><strong><a href=\"https:\/\/twitter.com\/rexchapman\/status\/1336485253066657793?s=12\">ALSO: We love dogs.<\/a><\/strong>This morning and every morning.<\/p><div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br>\n        <\/h4>\n<\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/p><\/div>\n<\/div>\n<\/div><p><strong>THURSDAY KUDOS-<\/strong><\/p><p><strong>The Washington Post has named Siobh\u00e1n O\u2019Grady <\/strong>(<a href=\"https:\/\/www.linkedin.com\/in\/siobh%C3%A1n-o-grady-87aa6134\/\">LinkedIn<\/a>)<strong> as its new Cairo <\/strong><strong>bureau chief<\/strong>, succeeding <a href=\"https:\/\/twitter.com\/raghavanWaPo?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\">Sudarsan Raghavan<\/a>, <a href=\"https:\/\/www.washingtonpost.com\/pr\/2020\/12\/08\/washington-post-names-siobhn-ogrady-its-cairo-bureau-chief\/\">the paper said<\/a>. O\u2019Grady began her news career in 2014 at Foreign Policy before freelancing for two years from Nigeria and Cameroon, where she reported on a divide between English- and French-speakers. The appointment is effective January.<\/p><p>Egypt-based Communications Platform as a Service (CPaaS) company <strong><a href=\"https:\/\/www.cequens.com\/\">Cequens<\/a><\/strong><strong> took <\/strong><strong>home the title of the \"Most Innovative Communication Platform\"<\/strong> in the International Finance Magazine\u2019s <a href=\"https:\/\/awards.internationalfinance.com\/award-winners\/winners-of-technology-awards-2020\/\">2020 Technology Awards<\/a>, the company said in a <a href=\"https:\/\/ent.news\/2020\/12\/CEQUENS-IFM-Award-press-release-English.pdf\">press release (pdf)<\/a>.<\/p><p><strong>** Have a suggestion for a Thursday Kudo?<\/strong> Email it on over at editorial@enterprise.press.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/qnb-alahli\/\">QNB Alahli<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-today\/\">What We&#039;re Tracking Today<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"567889\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"567889\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/10\/567889\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567889\" class=\"content-area-description single-story post-567889 post type-post status-publish format-standard hentry category-uncategorized wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class='web-image'><a href='https:\/\/somabay.com\/'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/11\/SOMA-ENTERPRISE-SPA1600px-1.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"567890\" 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=\"567890\">\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\">Economy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/10\/look-at-banks\/\">\r\n                            Look at banks                        <\/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\/10\/look-at-banks\/\" 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\/10\/look-at-banks\/')\">\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\/10\/look-at-banks\/\">\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=Look at banks&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/10\/look-at-banks\/\">\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\/10\/look-at-banks\/&title=Look at banks\">\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=Look+at+banks+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F10%2Flook-at-banks%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\/10\/look-at-banks\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/195.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"567891\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/10\/look-at-banks\/195-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/195.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"195.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/195.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/195.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567890\" class=\"content-area-description single-story post-567890 post type-post status-publish format-standard has-post-thumbnail hentry category-economy tag-budget-deficit tag-debt tag-economy tag-enterpriseam tag-fy2020-2021-budget tag-inflation 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>Pharos tips banks, NBFS players, fintech and consumer stocks heading into 2020<\/strong>, our friend Radwa El Swaify and her team at Pharos suggest in their 2021 equity strategy out now. <strong><a href=\"https:\/\/ent.news\/2020\/12\/Pharos-Egypt-Equity-Strategy-2021.pdf\">You can tap or click here to read the report in full (pdf)<\/a><\/strong><strong>. <\/strong>It includes solid, deep dives into sectors and shares heading into the new year along with a look at the macro backdrop.<\/p>\n<p><strong>Good news for traders: Pharos sees the market \u201chas potential for 25-30% rerating\u201d<\/strong> as corporate earnings continue to recover in the coming year. <strong>The key to bringing foreign investors back? <\/strong>Fresh IPOs.<strong> Foreign investors have been net sellers on a monthly basis since 2019<\/strong> except when they piled into the Fawry IPO, and the trend accelerated during the EM selloff prompted by covid-19.<\/p>\n<p><strong>Worth a close read: Slide 9<\/strong>, which breaks down 19 themes heading into the new year and which shares benefit from them before going deep later in the report.<\/p>\n<p><strong>MACRO PICTURE- Low inflation, a stable EGP and early signs of real GDP growth point to smooth sailing <\/strong><strong>for the remainder of FY2020-2021<\/strong>, the team at Pharos writes, even as a widening budget deficit and sluggish state revenues remain caution signs on the horizon.<\/p>\n<p><strong>Driving the economy: Resources and construction <\/strong>as oil prices recover and the government continues its large-scale national infrastructure projects, pushing real GDP growth back up to 3.9% in FY2020-2021, up from 3.5% last fiscal year.<\/p>\n<p><strong>The budget deficit will narrow to 7.9% of GDP in FY2020-2021<\/strong>, after having widened to 9.1% last year due to increased spending on fiscal stimulus, Pharos says. Increasing tax receipts will push state revenues up to EGP 1 tn, from EGP 900 bn in FY2019-2020, while spending will increase 4% \u2014 its weakest pace ever \u2014 to hit EGP 1.5 tn, according to Pharos. This is mainly thanks to a falling subsidy bill and a decreased interest burden.<\/p>\n<p><strong>Foreign debt is on the rise:<\/strong> Although domestic debt has formed the lion\u2019s share of government financing, external debt has more than doubled in the past five years reaching 30% of total debt.<\/p>\n<p><strong>Inflation will remain stubbornly low<\/strong>, averaging 4.9% through to the end of the current fiscal year \u2014 more than a percentage point below the lower bound of the central bank\u2019s 9% (+\/- 3%) target rate.<\/p>\n<p><strong>This will pave the way for another 200 bps of interest rate cuts during 2021<\/strong>, taking the overnight lending rate down to 7.25% and the deposit rate to 6.25%. The move would still leave \u201csome room for further easing, especially if global monetary conditions and hard currency inflows into Egypt remain as supportive of lower rates,\u201d the research note said.<\/p>\n<p><strong>A stable outlook for the EGP <\/strong>will see the nominal exchange rate reach EGP 16.00 to the USD in FY2020-2021 and maintain the same annual average for the following three years.<\/p>\n<p><strong>Despite further easing, Egyptian treasuries will continue to be attractive to foreign <\/strong><strong>investors<\/strong> relative to other emerging markets. Thanks to the waves of covid stimulus, developed countries are almost universally offering negative yields while rates in most other EMs are now below 5%. In comparison, Egypt currently offers a world-beating 1-year real yield of 7.7%.<\/p>\n<p><strong>Foriegn reserves will continue to tick up<\/strong>, reaching USD 43 bn by the end of the fiscal year, having hit a low of USD 36 bn in May due to the financial panic caused by the pandemic. Reserves stood at <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f7f9bbbd-b7e2-43d4-9369-56eaff9a4d8c\">USD 39.2 bn<\/a> at the end of November. BNP Paribas takes a far less generous forecast, putting foreign reserves at USD 38 bn by the end of FY 2020-2021.<\/p>\n<p><strong>The current account deficit will continue to widen in the short term<\/strong> reaching 4.3% of GDP due to falling tourism revenues, lower remittances, weak FDI inflows and low interest rates around the globe.<\/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-deficit\/\">budget deficit<\/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\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fy2020-2021-budget\/\">FY2020-2021 budget<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"567892\" 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=\"567892\">\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\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/10\/finmin-is-hedging-like-it-never-hedged-before\/\">\r\n                            FinMin is hedging like it never hedged before                        <\/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\/10\/finmin-is-hedging-like-it-never-hedged-before\/\" 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\/10\/finmin-is-hedging-like-it-never-hedged-before\/')\">\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\/10\/finmin-is-hedging-like-it-never-hedged-before\/\">\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=FinMin is hedging like it never hedged before&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/10\/finmin-is-hedging-like-it-never-hedged-before\/\">\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\/10\/finmin-is-hedging-like-it-never-hedged-before\/&title=FinMin is hedging like it never hedged before\">\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=FinMin+is+hedging+like+it+never+hedged+before+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F10%2Ffinmin-is-hedging-like-it-never-hedged-before%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\/10\/finmin-is-hedging-like-it-never-hedged-before\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/196.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"567893\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/10\/finmin-is-hedging-like-it-never-hedged-before\/196-jpg-13\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/196.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"196.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/196.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/196.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567892\" class=\"content-area-description single-story post-567892 post type-post status-publish format-standard has-post-thumbnail hentry category-energy tag-energy tag-enterpriseam tag-finance tag-mohamed-maait tag-oil-and-gas tag-social-welfare tag-subsidies 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>Egypt has nearly doubled its oil hedging contracts so far this fiscal year<\/strong>, as the government looks to lock in the benefits of low oil prices, Finance Minister Mohamed Maait told <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-12-09\/egypt-buys-huge-oil-hedge-to-lock-in-gains-from-price-rout?sref=mmeFTDW1\">Bloomberg<\/a>. \u201cWe did a huge number of hedging contracts,\u201d Maait said without disclosing the value of the contracts. The government still hasn\u2019t decided a plan for next fiscal year, the minister said, adding that \u201cwe are covered until 30 June.\u201d<\/p>\n<p><strong>The government has been hedging for the past two years<\/strong>, taking out call options (a derivative contract that protects against rising oil prices by fixing the rate for a specified period of time) <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ba4fcfcf-f2b6-47fc-b460-9cd8760fcb59\">since FY2018-2019<\/a>. Egypt purchased the contracts from Citibank and JPMorgan the first time around.<\/p>\n<p><strong>The 2020 oil crash gave us some much needed breathing room:<\/strong> Brent prices remain down 25% year-to-date at just below USD 50\/bbl, having crashed to historic lows (remember negative oil prices?) during the initial onslaught of the virus in the second quarter. This is significantly below the USD 61 benchmark used by the Finance Ministry in the FY2020-2021 budget. The low prices have helped reduce Egypt\u2019s energy subsidy bill, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/42834004-89c0-4d33-b3a6-581bf9cd5413\">which fell<\/a> 46% in the first quarter of FY2020-2021 to EGP 3.9 bn from EGP 7.25 bn in the same period a year earlier.<\/p>\n<p><strong>We\u2019re still considering grain hedging: <\/strong>Egypt is still mulling hedging against rising grain prices, Maait confirmed to the business information service. \u201cWe are in talks with some banks,\u201d he said. This opinion has been floated before due to Egypt\u2019s heavy dependence on wheat imports. Wheat is currently trading at USD 211 per metric ton, slightly above the USD 199.5 price assumed in the state budget.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/finance\/\">Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mohamed-maait\/\">Mohamed Maait<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/oil-and-gas\/\">oil and gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/social-welfare\/\">social welfare<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/subsidies\/\">subsidies<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"567894\" 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=\"567894\">\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\">IPO<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/10\/the-first-two-military-owned-companies-line-up-to-sell-shares\/\">\r\n                            The first two military-owned companies line up to sell shares                        <\/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\/10\/the-first-two-military-owned-companies-line-up-to-sell-shares\/\" 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\/10\/the-first-two-military-owned-companies-line-up-to-sell-shares\/')\">\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\/10\/the-first-two-military-owned-companies-line-up-to-sell-shares\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=The first two military-owned companies line up to sell shares&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/10\/the-first-two-military-owned-companies-line-up-to-sell-shares\/\">\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\/10\/the-first-two-military-owned-companies-line-up-to-sell-shares\/&title=The first two military-owned companies line up to sell shares\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=The+first+two+military-owned+companies+line+up+to+sell+shares+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F10%2Fthe-first-two-military-owned-companies-line-up-to-sell-shares%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\/10\/the-first-two-military-owned-companies-line-up-to-sell-shares\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/197.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"567895\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/10\/the-first-two-military-owned-companies-line-up-to-sell-shares\/197-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/197.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"197.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/197.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/197.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567894\" class=\"content-area-description single-story post-567894 post type-post status-publish format-standard has-post-thumbnail hentry category-ipo-watch tag-enterpriseam tag-ipo-watch tag-privatization-watch tag-sovereign-fund-of-egypt tag-wataniya-petroleum 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>Safi, Wataniya Petroleum are up first in Egypt\u2019s plan to partially privatize military-owned <\/strong><strong>companies:<\/strong> The Sovereign Fund of Egypt (SFE) decided that Wataniya Petroleum and the National Company for Producing and Bottling Water (Safi) as the first two subsidiaries of the National Service Products Organization (NSPO) the fund will move to privatize, Planning Minister and SFE Chairperson Hala El Said said yesterday, according to a <a href=\"https:\/\/bit.ly\/3a1ev2b\">cabinet statement<\/a>. The SFE will market these companies to private investors in the first phase of the privatization plan, before eventually moving to list them on the bourse, the minister said without providing further details on the timeline or expected size of the listing.<\/p>\n<p><strong>Background:<\/strong> The SFE and NSPO had signed <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a4320ae5-46f3-467a-9c7f-616e807179de\">in February<\/a> a cooperation agreement for the NSPO to open up its subsidiaries for investors, after President Abdel Fattah El Sisi <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/26\/egypts-el-sisi-revives-talks-about-listing-military-companies-9138\/\">said twice<\/a> that stakes in army-owned companies and assets could be sold on the EGX as part of the state privatization program. The fund was looking at 10 of NSPO\u2019s subsidiaries to offer them up for co-investment, SFE CEO Ayman Soliman <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fe83dcb9-73a2-4e07-bf83-368fdb303009\">said in March<\/a>. Soliman did not disclose the company names under assessment at the time, and the fate of the rest of the roster so far remains unclear.<\/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\/ipo-watch\/\">IPO watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/privatization-watch\/\">privatization watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sovereign-fund-of-egypt\/\">Sovereign Fund of Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/wataniya-petroleum\/\">Wataniya Petroleum<\/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=\"567896\" 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=\"567896\">\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\">IPO<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/10\/ghazl-el-mahalla-could-become-the-first-sports-club-to-hit-the-egx-in-1q2021\/\">\r\n                            Ghazl El Mahalla could become the first sports club to hit the EGX in 1Q2021                        <\/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\/10\/ghazl-el-mahalla-could-become-the-first-sports-club-to-hit-the-egx-in-1q2021\/\" 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\/10\/ghazl-el-mahalla-could-become-the-first-sports-club-to-hit-the-egx-in-1q2021\/')\">\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\/10\/ghazl-el-mahalla-could-become-the-first-sports-club-to-hit-the-egx-in-1q2021\/\">\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=Ghazl El Mahalla could become the first sports club to hit the EGX in 1Q2021&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/10\/ghazl-el-mahalla-could-become-the-first-sports-club-to-hit-the-egx-in-1q2021\/\">\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\/10\/ghazl-el-mahalla-could-become-the-first-sports-club-to-hit-the-egx-in-1q2021\/&title=Ghazl El Mahalla could become the first sports club to hit the EGX in 1Q2021\">\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=Ghazl+El+Mahalla+could+become+the+first+sports+club+to+hit+the+EGX+in+1Q2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F10%2Fghazl-el-mahalla-could-become-the-first-sports-club-to-hit-the-egx-in-1q2021%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\/10\/ghazl-el-mahalla-could-become-the-first-sports-club-to-hit-the-egx-in-1q2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/198.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"567897\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/10\/ghazl-el-mahalla-could-become-the-first-sports-club-to-hit-the-egx-in-1q2021\/198-jpg-14\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/198.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"198.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/198.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/198.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567896\" class=\"content-area-description single-story post-567896 post type-post status-publish format-standard has-post-thumbnail hentry category-ipo-watch tag-ci-capital tag-e-finance tag-ebtikar tag-enterpriseam tag-ghazl-el-mahalla tag-hisham-tawfik tag-ipo-watch tag-public-enterprises-ministry tag-taaleem 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>Ghazl El Mahalla could sell shares in an initial public offering on the EGX as soon <\/strong><strong>as 1Q2021<\/strong>, Public Enterprises Minister Hisham Tawfik said, according to <a href=\"https:\/\/bit.ly\/3gAabrZ\">Al Mal<\/a>. A joint-stock company the ministry set up earlier this year to incorporate the state-owned football club will target EGP 100 mn through the listing. Tawfik <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/70d5ed14-509a-4f44-a084-c72a5e41346a\">previously said<\/a> the ministry is planning to list around 66% of the company, but the final size of the stake is yet to be confirmed.<\/p>\n<p><strong>What to expect: <\/strong>The IPO will be open to both retail and institutional investors, with the ministry expecting to appoint a lead manager within one week, according to Tawfik. Original shareholders, which are state-affiliated, will be keeping a 50% stake for at least two years post-IPO<strong>, <\/strong>Tawfik noted. The state parent company will hold golden shares allowing it to outvote other shareholders. The IPO would make Ghazl El Mahalla, which has recently made a comeback to the Egyptian Premier League, the first sports club to float shares.<\/p>\n<p><strong>1Q2021 is shaping up to be quite a quarter for fresh listings (if they go ahead, that is):<\/strong> Ghazl El Mahalla joins state-owned fintech firm <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e5fe0d80-d23b-4f30-b0cc-8aa46f60fff9\">E-Finance<\/a>, NBFS player <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/28e4d461-7cb5-4955-a513-a5abf5e53215\">Ebtikar<\/a>, and CI Capital\u2019s education management subsidiary <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cf2fc0fc-7c69-4a48-8bee-bb893803334d\">Taaleem<\/a>, who have all expressed ambitions in making their debuts on the EGX during the next quarter.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ci-capital\/\">CI Capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/e-finance\/\">e-finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ebtikar\/\">Ebtikar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ghazl-el-mahalla\/\">Ghazl El Mahalla<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hisham-tawfik\/\">Hisham Tawfik<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ipo-watch\/\">IPO watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/public-enterprises-ministry\/\">Public Enterprises Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/taaleem\/\">Taaleem<\/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=\"567898\" 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=\"567898\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/10\/567898\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567898\" class=\"content-area-description single-story post-567898 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=\"567899\" 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=\"567899\">\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\">Investment Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/10\/the-egypt-saudi-investment-fund-could-finally-be-becoming-a-thing\/\">\r\n                            The Egypt-Saudi Investment Fund could finally be becoming a thing                        <\/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\/10\/the-egypt-saudi-investment-fund-could-finally-be-becoming-a-thing\/\" 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\/10\/the-egypt-saudi-investment-fund-could-finally-be-becoming-a-thing\/')\">\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\/10\/the-egypt-saudi-investment-fund-could-finally-be-becoming-a-thing\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=The Egypt-Saudi Investment Fund could finally be becoming a thing&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/10\/the-egypt-saudi-investment-fund-could-finally-be-becoming-a-thing\/\">\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\/10\/the-egypt-saudi-investment-fund-could-finally-be-becoming-a-thing\/&title=The Egypt-Saudi Investment Fund could finally be becoming a thing\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=The+Egypt-Saudi+Investment+Fund+could+finally+be+becoming+a+thing+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F10%2Fthe-egypt-saudi-investment-fund-could-finally-be-becoming-a-thing%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\/10\/the-egypt-saudi-investment-fund-could-finally-be-becoming-a-thing\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/199.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"567900\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/10\/the-egypt-saudi-investment-fund-could-finally-be-becoming-a-thing\/199-jpg-12\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/199.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"199.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/199.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/199.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567899\" class=\"content-area-description single-story post-567899 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-education tag-enterpriseam tag-financial-services tag-healthcare tag-infrastructure tag-investment-watch tag-pharma tag-saudi-arabia 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-05\"><\/a> <strong>The Egyptian and Saudi governments have drafted a final agreement to launch the<\/strong> <strong>long-dormant <\/strong><strong><a href=\"https:\/\/enterprise.press\/stories\/2018\/03\/05\/egypt-saudi-agree-to-establish-sar-60-bn-joint-investment-fund-deepen-cooperation-during-sisi-and-mbs-first-meeting\/\">Saudi-Egypt investment fund<\/a><\/strong>, according to <a href=\"https:\/\/bit.ly\/3lZYCLY\">a cabinet statement<\/a> following a meeting between Prime Minister Moustafa Madbouly and Saudi Minister of State Issam bin Saad bin Saeed. The fund\u2019s mandate will focus on \u201cpriority sectors\u201d including tourism, healthcare, pharma, ports and infrastructure, education, food, and digital payments and financial services, the statement said.<\/p>\n<p><strong>A refresher: <\/strong>The joint fund was first proposed back in 2016. The plan was to create a joint SAR 60 bn vehicle, but progress stalled over the past four years, and a previous agreement to launch <a href=\"https:\/\/enterprise.press\/stories\/2018\/03\/05\/egypt-saudi-agree-to-establish-sar-60-bn-joint-investment-fund-deepen-cooperation-during-sisi-and-mbs-first-meeting\/\">in 2018<\/a> has so far come to nothing. A Saudi official told Reuters back then that Riyadh will provide funding to help develop the Egyptian side of NEOM (Saudi\u2019s robot utopia).<\/p>\n<p><strong>Yes, but when is it going to launch?<\/strong> That remains one of the key unanswered questions.<\/p>\n<p><strong>Reminder: The Saudi wealth fund is also eyeing up Egypt.<\/strong> The Public Investment Fund <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/98c54d9a-2459-4b32-8d46-fb244ff8b21c\">could invest in Egyptian projects alongside the Sovereign Fund of Egypt<\/a>, bin Saad said last month. We\u2019re still none the wiser on what the two funds are cooking up.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-services\/\">financial services<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/healthcare\/\">healthcare<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pharma\/\">pharma<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/saudi-arabia\/\">Saudi Arabia<\/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=\"567901\" 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=\"567901\">\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\">DEVELOPMENT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/10\/transport-health-projects-to-get-eur-715-mn-in-afd-funding\/\">\r\n                            Transport, health projects to get EUR 715 mn in AFD funding                        <\/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\/10\/transport-health-projects-to-get-eur-715-mn-in-afd-funding\/\" 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\/10\/transport-health-projects-to-get-eur-715-mn-in-afd-funding\/')\">\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\/10\/transport-health-projects-to-get-eur-715-mn-in-afd-funding\/\">\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=Transport, health projects to get EUR 715 mn in AFD funding&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/10\/transport-health-projects-to-get-eur-715-mn-in-afd-funding\/\">\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\/10\/transport-health-projects-to-get-eur-715-mn-in-afd-funding\/&title=Transport, health projects to get EUR 715 mn in AFD funding\">\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=Transport%2C+health+projects+to+get+EUR+715+mn+in+AFD+funding+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F10%2Ftransport-health-projects-to-get-eur-715-mn-in-afd-funding%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\/10\/transport-health-projects-to-get-eur-715-mn-in-afd-funding\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/200.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"567902\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/10\/transport-health-projects-to-get-eur-715-mn-in-afd-funding\/200-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/200.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"200.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/200.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/200.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567901\" class=\"content-area-description single-story post-567901 post type-post status-publish format-standard has-post-thumbnail hentry category-development tag-afd tag-development tag-enterpriseam tag-french-development-agency tag-international-cooperation-ministry tag-rania-al-mashat 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>The French Development Agency (AFD) is providing EUR 715.6 mn in <\/strong><strong>financing to support an array of development projects<\/strong>, cabinet said in <a href=\"https:\/\/bit.ly\/3gBsAoj\">a statement<\/a> yesterday. The agency signed seven agreements with International Cooperation Minister Rania Al Mashat in Paris yesterday in a meeting coinciding with President Abdel Fattah El Sisi\u2019s trip to the French capital for talks with President Emmanuel Macron.<\/p>\n<p><strong>The funds come as part of a larger EUR 1 bn strategic partnership agreement<\/strong> between the two countries first signed in 2019.<\/p>\n<p><strong>Transport projects top the list:<\/strong> The Abu Qir railway project will receive EUR 250 mn, EUR 150 mn will be earmarked for developing an energy policy evaluation system that will assist in regulating the transition towards a more sustainable transit infrastructure, and the Tanta-Mansoura-Damietta railway modernization project will be allocated EUR 95 mn. <strong>Health, education and wastewater projects <\/strong><strong>will also get runding. <\/strong>Full details in the release if you need the details.<\/p>\n<p><strong>ALSO FROM FRANCE- <\/strong><\/p>\n<p><strong>El Sisi yesterday sat down with Naval<\/strong> <strong>Group\u2019s Chairman and CEO Pierre \u00c9ric Pommellet,<\/strong> <a href=\"https:\/\/www.presidency.eg\/ar\/%D9%82%D8%B3%D9%85-%D8%A7%D9%84%D8%A3%D8%AE%D8%A8%D8%A7%D8%B1\/%D8%A3%D8%AE%D8%A8%D8%A7%D8%B1-%D8%B1%D8%A6%D8%A7%D8%B3%D9%8A%D8%A9\/%D8%A7%D9%84%D8%B1%D8%A6%D9%8A%D8%B3-%D8%B9%D8%A8%D8%AF-%D8%A7%D9%84%D9%81%D8%AA%D8%A7%D8%AD-%D8%A7%D9%84%D8%B3%D9%8A%D8%B3%D9%8A-%D9%8A%D8%B3%D8%AA%D9%82%D8%A8%D9%84-%D8%B1%D8%A6%D9%8A%D8%B3-%D9%85%D8%AC%D9%84%D8%B3-%D8%A5%D8%AF%D8%A7%D8%B1%D8%A9-%D8%B4%D8%B1%D9%83%D8%A9-%D9%86%D8%A7%D9%81%D8%A7%D9%84-%D8%AC%D8%B1%D9%88%D8%A8-%D8%A7%D9%84%D9%81%D8%B1%D9%86%D8%B3%D9%8A%D8%A99-12-2020\/\">Ittihadiya<\/a> said. The president also met with <a href=\"https:\/\/bit.ly\/2LmrscI\">\u00c9ric Trappier<\/a>, the CEO of aerospace company Dassault Aviation, which manufactures business and fighter jets. <a href=\"https:\/\/enterprise.press\/stories\/2017\/03\/22\/first-trial-run-for-egyptian-navy-gowind-2500-corvettes-stalls\/\">Egypt had ordered four corvettes<\/a> a few years back from Naval as part of a USD 1 bn contract, which also included a tech transfer agreement to manufacture three corvettes <a href=\"https:\/\/enterprise.press\/stories\/2019\/05\/15\/egypt-launches-second-locally-built-small-navy-warship\/\">in Egypt<\/a>.<\/p>\n<p><strong>More: <\/strong>El Sisi discussed economic cooperation with France\u2019s Economy and Finance Minister <a href=\"https:\/\/www.presidency.eg\/ar\/%D9%82%D8%B3%D9%85-%D8%A7%D9%84%D8%A3%D8%AE%D8%A8%D8%A7%D8%B1\/%D8%A3%D8%AE%D8%A8%D8%A7%D8%B1-%D8%B1%D8%A6%D8%A7%D8%B3%D9%8A%D8%A9\/%D8%A7%D9%84%D8%B1%D8%A6%D9%8A%D8%B3-%D8%B9%D8%A8%D8%AF-%D8%A7%D9%84%D9%81%D8%AA%D8%A7%D8%AD-%D8%A7%D9%84%D8%B3%D9%8A%D8%B3%D9%8A-%D9%8A%D8%B3%D8%AA%D9%82%D8%A8%D9%84-%D9%88%D8%B2%D9%8A%D8%B1-%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF-%D9%88%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D8%A7%D9%84%D9%81%D8%B1%D9%86%D8%B3%D9%8A-9122020\/\">Bruno Le Maire<\/a> and Organisation for Economic Co-operation and Development (OECD) Secretary-General <a href=\"https:\/\/bit.ly\/2VUs4Z9\">Jos\u00e9 \u00c1ngel Gurr\u00eda<\/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\/afd\/\">AFD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/development\/\">development<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/french-development-agency\/\">French Development Agency<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/international-cooperation-ministry\/\">International Cooperation Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/rania-al-mashat\/\">Rania Al Mashat<\/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=\"567903\" 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=\"567903\">\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\">Spotlight<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/10\/dpi-on-its-big-adwia-investment-why-it-likes-egypt-right-now\/\">\r\n                            DPI on its big Adwia investment + why it likes Egypt right now                        <\/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\/10\/dpi-on-its-big-adwia-investment-why-it-likes-egypt-right-now\/\" 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\/10\/dpi-on-its-big-adwia-investment-why-it-likes-egypt-right-now\/')\">\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\/10\/dpi-on-its-big-adwia-investment-why-it-likes-egypt-right-now\/\">\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=DPI on its big Adwia investment + why it likes Egypt right now&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/10\/dpi-on-its-big-adwia-investment-why-it-likes-egypt-right-now\/\">\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\/10\/dpi-on-its-big-adwia-investment-why-it-likes-egypt-right-now\/&title=DPI on its big Adwia investment + why it likes Egypt right now\">\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=DPI+on+its+big+Adwia+investment+%2B+why+it+likes+Egypt+right+now+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F10%2Fdpi-on-its-big-adwia-investment-why-it-likes-egypt-right-now%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\/10\/dpi-on-its-big-adwia-investment-why-it-likes-egypt-right-now\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/201.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"567904\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/10\/dpi-on-its-big-adwia-investment-why-it-likes-egypt-right-now\/201-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/201.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"201.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/201.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/201.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567903\" class=\"content-area-description single-story post-567903 post type-post status-publish format-standard has-post-thumbnail hentry category-spotlight tag-adwia tag-dpi tag-ebrd tag-enterpriseam tag-spotlight tag-ziad-abaza 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>Private equity house <\/strong><strong><a href=\"https:\/\/www.dpi-llp.com\/\">DPI<\/a><\/strong><strong> made waves last month with the USD <\/strong><strong>126 mn acquisition of Egyptian pharmaceutical platform Adwia<\/strong> along with the UK\u2019s CDC and the European Bank for Reconstruction and Development. The pan-African private equity firm manages over USD 1.7 bn in assets through 24 investments across 29 countries and made its first Egypt investment in 2016, acquiring a third of Egyptian electronics and home appliance business <a href=\"https:\/\/enterprise.press\/stories\/2016\/07\/24\/dpi-acquires-a-third-of-b-tech-for-usd-35-mn\/\">B-Tech for USD 35 mn<\/a> through its USD 725 mn African Development Partners (ADP) II fund. The fund, which is now fully invested, saw two further acquisitions in Egypt: The purchase of a stake in water pipe manufacturer Egyptian German Industrial Corporate (<a href=\"https:\/\/www.egic.com.eg\/\">EGIC<\/a>) in 2017, and a more recent <a href=\"https:\/\/enterprise.press\/stories\/2018\/08\/14\/dpi-partners-with-gb-auto-on-mashroey-and-tasaheel\/\">USD 45 mn purchase of a 33% stake in GB Auto\u2019s MNT Investment BV<\/a>, the parent company of asset based lender Mashroey and microfinance player Tasaheel. MNT in turn holds a stake in tuk-tuk ride sharing, delivery, and microfinance business <a href=\"https:\/\/enterprise.press\/stories\/2019\/04\/15\/halan-reaches-10-mn-rides-and-deliveries-plans-expansion-into-other-mena-markets\/\">Halan<\/a>.<\/p>\n<p><strong>We had a chat with Ziad Abaza, the DPI Principal primarily responsible for the firm\u2019s Egypt portfolio<\/strong>, on the firm\u2019s new healthcare venture, what industries they\u2019re keeping an eye on, and DPI\u2019s plans and prospects for Egypt. Edited excerpts from our conversation:<\/p>\n<p><strong>Egypt is one of the countries in Africa that has been very strong performing over the last four to five years<\/strong>, let's say since the devaluation. We always say, think of somebody moving from the suburbs to the city \u2014 what's that person going to need? They're going to need a bank account, they're going to need to put their kids in school, they\u2019ll need to get healthcare. So everything around urbanization that benefits from the growing young population is what we\u2019re interested in.<\/p>\n<p><strong>DPI has so far made three equity-based investments in Egypt, and we like the growth story here very much.<\/strong> All our Egyptian assets have performed well for us, so we've been quite comfortable making pure equity investments in Egypt. The firm\u2019s modus operandi involves acquiring significant minority stakes in fast growing businesses and working with the existing management team. We help businesses with strategic direction, acquisitions, international expansion and ESG, which is perhaps not in the DNA of every Egyptian.<\/p>\n<p><strong>With a population of 100 mn+, Egypt still has one of the lowest banking penetrations, and Egypt\u2019s non-banking financial services sector still has a lot of space to grow.<\/strong> Part of what has helped the industry grow so far is the 2015 Microfinance Act, which helped regulate the industry. When we first looked at this in 2015, you maybe had two or three players in the microfinance space. Fast forward and there\u2019s more than ten players five years later.<\/p>\n<p><strong>Similarly, we expect regulation through the Consumer Finance Act will have a positive effect <\/strong>on DPI\u2019s businesses like BTech, which operates much of their sales through credit. We feel that regulation will help protect and grow that industry as the Microfinance Act did with the microfinance industry. The Consumer Finance Act will regulate an industry that is increasingly important in supporting small enterprises, since consumers don\u2019t just take on credit to buy goods, but also as working capital for their businesses. Especially on the microfinance side you can see that there's a great impact story.<\/p>\n<p><strong>After years of eyeing an entry point, DPI made its first investment in the healthcare industry with last month\u2019s USD 126 mn Adwia acquisition<\/strong>, which was also the first drawdown from the 2019 ADP III fund. It's an asset that we've been following for quite some time. The issue with healthcare industry tickets is that they\u2019re often either too small for DPI\u2019s mandate, or overvalued through auctions.<\/p>\n<p><strong>Now with our joint USD 250 mn pharma investment platform with the EBRD and CDC Group, a big part of the thesis is bringing more affordable meds<\/strong>, especially in critical care and oncology, to the population and the wider continent.<\/p>\n<p><strong>What we're trying to do is provide affordable medication and therapeutic areas<\/strong>, which are perhaps not as easily available or as affordable in the country and the continent as a whole.<\/p>\n<p>The platform\u2019s investment in India\u2019s Celon labs, which specialize in critical oncology, will provide the know-how while Adwia\u2019s manufacturing facilities and regional export networks will facilitate the distribution of medicines across the continent. The platform is at the due diligence stage with several other healthcare related potential acquisitions in countries such as Morocco, Tunisia, Algeria, Nigeria, C\u00f4te d\u2019Ivoire, and Ethiopia, and we have plans to establish a local distribution presence in the core regions of Africa.<\/p>\n<p><strong>Beyond our investments in retail, healthcare, and the non-banking financial services industries, we see growth potential in education, FMCGs, and the food and beverage industries.<\/strong> With a country like Egypt, what we do is we look at the demographic fundamentals of this country and what drives growth in this country. When you have a country of 100 mn people that are underserved in quite a few areas, there's always really good chance to create value that come out<\/p>\n<p><strong>Industries like infrastructure, energy and real estate are not within DPI\u2019s mandate, but they\u2019re not entirely off the table<\/strong> if we see the right opportunity. I don't think we've yet invested in all the industries that we like in Egypt. I do think there's some other industries that will be interesting in years to come and we will turn our attention to those out of the third fund.<\/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\/adwia\/\">Adwia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/dpi\/\">DPI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ebrd\/\">EBRD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/spotlight\/\">SPOTLIGHT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ziad-abaza\/\">Ziad Abaza<\/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=\"567905\" 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-u4eqnf1\" data-v=\"4\" data-block-id=\"u4eqnf1\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-u4eqnf1-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-u4eqnf1-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-05uwgve\" data-v=\"4\" data-block-id=\"05uwgve\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-05uwgve-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-05uwgve-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-638rgo4\" data-v=\"4\" data-block-id=\"638rgo4\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-638rgo4-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-638rgo4-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-20o09z1\" data-v=\"4\" data-block-id=\"20o09z1\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-20o09z1-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-20o09z1-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=\"567906\" 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=\"567906\">\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\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/10\/last-nights-talk-shows-on-10-december-2020\/\">\r\n                            Last Night\u2019s Talk Shows on 10 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\/10\/last-nights-talk-shows-on-10-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\/10\/last-nights-talk-shows-on-10-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\/10\/last-nights-talk-shows-on-10-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 10 December 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/10\/last-nights-talk-shows-on-10-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\/10\/last-nights-talk-shows-on-10-december-2020\/&title=Last Night\u2019s Talk Shows on 10 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+10+December+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F10%2Flast-nights-talk-shows-on-10-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\/10\/last-nights-talk-shows-on-10-december-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567906\" class=\"content-area-description single-story post-567906 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-abdel-fattah-el-sisi tag-enterpriseam tag-france tag-last-nights-talk-shows tag-pfizer tag-rania-al-mashat tag-vaccines wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Our ties with France dominated last night\u2019s talk shows<\/strong> as President Abdel Fattah El Sisi wrapped up his state visit to Paris.<\/p>\n<p><strong>It was International Cooperation Minister Rania Al Mashat\u2019s turn to take to the airwaves<\/strong>, speaking to Yahduth fi Misr\u2019s Sherif Amer about the business and economic side of El Sisi\u2019s France trip, as well as the long-standing economic cooperation between the two countries. Al Mashat also broke down Egypt and France\u2019s EUR 1 bn strategic partnership and what it entails (<a href=\"https:\/\/www.youtube.com\/watch?v=bibFlfGM7jo\">watch, runtime: 13:23<\/a>). Masaa DMC\u2019s Sarah Hazem also covered El Sisi\u2019s meetings yesterday (<a href=\"https:\/\/www.youtube.com\/watch?v=NBBAinesCqg\">watch, runtime: 3:47<\/a>).<\/p>\n<p><strong>Also on the talking heads\u2019 agenda yesterday: Debunking claims that the Pfizer vaccine is lethal<\/strong>, which were swirling on the interwebs after the US FDA announced that six participants in the clinical trial passed away. Four of those six were administered the placebo, meaning their deaths were in no way connected to the vaccine, Yahduth fi Misr\u2019s Sherif Amer pointed out (<a href=\"https:\/\/www.youtube.com\/watch?v=RD6JWykKjcM\">watch, runtime: 3:42<\/a>). Al Hayah Al Youm\u2019s Mohamed Sherdy also took note of the FDA\u2019s report (<a href=\"https:\/\/www.youtube.com\/watch?v=42yJEqGWz8k\">watch, runtime: 3:34<\/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\/france\/\">France<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/last-nights-talk-shows\/\">LAST NIGHT\u2019S TALK SHOWS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pfizer\/\">Pfizer<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/rania-al-mashat\/\">Rania Al Mashat<\/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=\"567907\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"567908\" 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=\"567908\">\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\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/10\/egypt-in-the-news-on-11-december-2020\/\">\r\n                            Egypt in the News on 11 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\/10\/egypt-in-the-news-on-11-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\/10\/egypt-in-the-news-on-11-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\/10\/egypt-in-the-news-on-11-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 11 December 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/10\/egypt-in-the-news-on-11-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\/10\/egypt-in-the-news-on-11-december-2020\/&title=Egypt in the News on 11 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+11+December+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F10%2Fegypt-in-the-news-on-11-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\/10\/egypt-in-the-news-on-11-december-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567908\" class=\"content-area-description single-story post-567908 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-enterpriseam tag-human-rights tag-human-rights-watch tag-muslim-brotherhood tag-world-bank wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>It\u2019s a mixed bag of nothing in the foreign press this morning.<\/strong><\/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\/human-rights\/\">human rights<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/human-rights-watch\/\">Human Rights Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/muslim-brotherhood\/\">Muslim Brotherhood<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-bank\/\">World Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"567909\" 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=\"567909\">\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\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/10\/also-on-our-radar-on-10-december-2020\/\">\r\n                            Also on our radar on 10 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\/10\/also-on-our-radar-on-10-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\/10\/also-on-our-radar-on-10-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\/10\/also-on-our-radar-on-10-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 10 December 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/10\/also-on-our-radar-on-10-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\/10\/also-on-our-radar-on-10-december-2020\/&title=Also on our radar on 10 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+10+December+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F10%2Falso-on-our-radar-on-10-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\/10\/also-on-our-radar-on-10-december-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567909\" class=\"content-area-description single-story post-567909 post type-post status-publish format-standard hentry category-also-on-our-radar tag-agriculture tag-also-on-our-radar tag-arab-organization-for-industrialization tag-asia tag-deutsche-bahn tag-egypt-post tag-enterpriseam tag-jumia tag-transport wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>SolarizEgypt was the first to install a solar rooftop as an independent power <\/strong><strong>produce<\/strong>r that sells electricity to another private company when it completed a 1 MW photovoltaic (PV) system for Coca Cola, <a href=\"https:\/\/www.ebrd.com\/news\/2020\/ebrd-and-eu-help-solarizegypt-promote-rooftop-solar-panels-in-egypt.html\">the European Bank from Reconstruction and Development said<\/a>. The project was supported by the EBRD\u2019s Green Economy Financing Facility, which allowed Solariz to take out a loan from QNB AlAhli.<\/p>\n<p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n<ul>\n<li><strong>EFG Hermes<\/strong> has signed a <a href=\"https:\/\/ent.news\/2020\/12\/CAYESH-EFG-Hermas-ENG.pdf\">partnership<\/a> agreement with fintech supply chain specialist <strong>Cayesh<\/strong> to allow suppliers to pay for their receivables using Cayesh services.<\/li>\n<li><strong>Egypt Post<\/strong> will provide logistical services to e-commerce giant <strong>Jumia<\/strong> after the two inked a cooperation agreement, <a href=\"https:\/\/bit.ly\/3gpAbWO\">the local press<\/a> reports.<\/li>\n<li>German rail company <strong>Deutsche Bahn<\/strong> <a href=\"https:\/\/bit.ly\/3m3FI6K\">has been tasked<\/a> with the engineering consultancy and technical designs for the new, multi-bn USD electric rail line that will connect Abu Qir Port to West Port Said.<\/li>\n<li><strong>Speed Medical<\/strong> will establish a joint venture with Saudi healthcare player <strong>Elaj<\/strong> to set up Elaj-branded lab facilities in North Africa and medical centers in Egypt under the terms of <a href=\"https:\/\/ent.news\/2020\/12\/%D8%B3%D8%A8%D9%8A%D8%AF-%D9%85%D9%8A%D8%AF%D9%8A%D9%83%D8%A7%D9%84-%D9%85%D8%AC%D9%84%D8%B3-09-12-2020.pdf\">an MoU<\/a> signed yesterday.<\/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\/agriculture\/\">agriculture<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/arab-organization-for-industrialization\/\">Arab Organization for Industrialization<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/asia\/\">Asia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/deutsche-bahn\/\">Deutsche Bahn<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-post\/\">Egypt Post<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/jumia\/\">Jumia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/transport\/\">transport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"567910\" 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=\"567910\">\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\">COVID WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/10\/sinopharms-jab-is-86-efficient-and-we-_could_-have-it-as-early-as-next-month\/\">\r\n                            Sinopharm\u2019s jab is 86% efficient, and we _could_ have it as early as next month                        <\/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\/10\/sinopharms-jab-is-86-efficient-and-we-_could_-have-it-as-early-as-next-month\/\" 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\/10\/sinopharms-jab-is-86-efficient-and-we-_could_-have-it-as-early-as-next-month\/')\">\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\/10\/sinopharms-jab-is-86-efficient-and-we-_could_-have-it-as-early-as-next-month\/\">\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=Sinopharm\u2019s jab is 86% efficient, and we _could_ have it as early as next month&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/10\/sinopharms-jab-is-86-efficient-and-we-_could_-have-it-as-early-as-next-month\/\">\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\/10\/sinopharms-jab-is-86-efficient-and-we-_could_-have-it-as-early-as-next-month\/&title=Sinopharm\u2019s jab is 86% efficient, and we _could_ have it as early as next month\">\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=Sinopharm%E2%80%99s+jab+is+86%25+efficient%2C+and+we+_could_+have+it+as+early+as+next+month+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F10%2Fsinopharms-jab-is-86-efficient-and-we-_could_-have-it-as-early-as-next-month%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\/10\/sinopharms-jab-is-86-efficient-and-we-_could_-have-it-as-early-as-next-month\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567910\" class=\"content-area-description single-story post-567910 post type-post status-publish format-standard hentry category-covid-watch tag-astrazeneca tag-china tag-covid-19 tag-enterpriseam tag-pfizer tag-sinopharm tag-uae tag-uk 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\/37OA57x\">reported<\/a><\/strong><strong> 421 new covid-19 infections yesterday<\/strong>, down from 434 the day before. Egypt has now disclosed a total of 119,702 confirmed cases of covid-19. The ministry also reported 19 new deaths, bringing the country\u2019s total death toll to 6,832.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-09\"><\/a> <strong>Egypt could have a covid-19 vaccine next month<\/strong>, National Research Center Director Mohamed Hashem told <a href=\"https:\/\/bit.ly\/33Yqzh4\">Al Masry Al Youm<\/a>. That vaccine is likely to be China\u2019s Sinopharm, which conducted clinical trials in Egypt.<\/p>\n<p><strong>Trials of the Sinopharm vaccine in the UAE have shown a 86% <\/strong><strong>efficacy rate<\/strong> in preventing moderate and severe cases of covid-19 and with no serious safety concerns, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-12-09\/uae-says-sinopharm-vaccine-has-86-efficacy-against-covid-19?srnd=premium-middle-east\">Bloomberg<\/a>. The success of the trials has boosted the UAE\u2019s confidence with officials saying the country would resume all economic, touristic, and cultural activities in the next two weeks and that a rollout may be imminent.<\/p>\n<p><strong>Regardless, Egypt is still waiting to ensure covid-19 vaccines\u2019 efficacy before distributing <\/strong><strong>them<\/strong>, including the AstraZeneca-Oxford shot, according to a <a href=\"https:\/\/bit.ly\/39WaqMQ\">Health Ministry statement<\/a>. Minister Hala Zayed and British Ambassador to Egypt Geoffrey Adams discussed yesterday the logistics of bringing the vaccine to Egypt.<\/p>\n<p><strong>Good news for the AstraZeneca-Oxford vaccine:<\/strong> The folks at the Lancet Journal have given the vaccine their seal of approval, affirming that the shot is safe and effective in its peer review of phase three data, <a href=\"https:\/\/www.wsj.com\/articles\/astrazeneca-covid-19-vaccine-trial-data-underscore-safety-range-of-efficacy-11607443250\">the Wall Street Journal<\/a> reports. AstraZeneca and Oxford last month announced their two-shot vaccine was between 62-90% effective, with a higher efficacy observed when patients were given a half-dose followed by a full dose, rather than two full doses.<\/p>\n<p><strong>\u2018Meh\u2019 news for the AstraZeneca-Oxford vaccine:<\/strong> They\u2019re still not sure how effective the vaccine is in people aged over 55, nor why its efficacy seems to increase with a smaller initial dose. Still, this is the first jab to be subjected to a full peer review and the warm reception by the Lancet should be interpreted as a positive sign for Egypt, which will rely on it for <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/39649857-25fa-4215-b5ff-7d09d57f10fe\">30% of its<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/39649857-25fa-4215-b5ff-7d09d57f10fe\">vaccine needs<\/a>, and indeed much of the developing world. The one cautionary note: The UK, which began rolling out the vaccine on Tuesday, is warning that people with \u201csignificant\u201d allergies should not be given the jab after two NHS workers became seriously ill after inoculation, <a href=\"https:\/\/www.reuters.com\/article\/health-coronavirus-britain-vaccine\/uk-warns-people-with-serious-allergies-to-avoid-pfizer-vaccine-idUSKBN28J1D1\">Reuters<\/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\/astrazeneca\/\">AstraZeneca<\/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\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pfizer\/\">Pfizer<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sinopharm\/\">Sinopharm<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/uk\/\">UK<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"567911\" 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=\"567911\">\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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/10\/what-the-markets-are-doing-on-10-december-2020\/\">\r\n                            What the markets are doing on 10 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\/10\/what-the-markets-are-doing-on-10-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\/10\/what-the-markets-are-doing-on-10-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\/10\/what-the-markets-are-doing-on-10-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 10 December 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/10\/what-the-markets-are-doing-on-10-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\/10\/what-the-markets-are-doing-on-10-december-2020\/&title=What the markets are doing on 10 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+10+December+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F10%2Fwhat-the-markets-are-doing-on-10-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\/10\/what-the-markets-are-doing-on-10-december-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567911\" class=\"content-area-description single-story post-567911 post type-post status-publish format-standard hentry category-planet-finance tag-enterpriseam tag-financial-markets tag-planet-finance 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-11\"><\/a> <strong>The EGX30 was flat yesterday<\/strong> on turnover of EGP 1.7 bn. Foreign investors were net sellers. The index is down 21.1% YTD.<\/p><p><strong>In the green: <\/strong>Sodic (+4.2%), Eastern Company (+4.2%) and Orascom Development Egypt (+1.8%).<\/p><p><strong>In the red: <\/strong>Egyptian Iron &amp; Steel (-3.5%), Export Development Bank (-3.1%) and GB Auto (-2.8%).<\/p><p><strong>It\u2019s a sea of red out there this morning, ladies and gentlemen: <\/strong>Asian shares are largely (if not deeply) in the red this morning, and futures suggest Wall Street and most of Europe 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-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>EGX30 <\/strong><\/p>\n<\/td>\n<td>\n<p>11,018<\/p>\n<\/td>\n<td>\n<p>-% (YTD: -21.1%)<\/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>USD (CBE)<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 15.64<\/p>\n<\/td>\n<td>\n<p>Sell 15.74<\/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>USD at CIB<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 15.64<\/p>\n<\/td>\n<td>\n<p>Sell 15.74<\/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>8,660<\/p>\n<\/td>\n<td>\n<p>+0.6% (YTD: +3.2%)<\/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>5,077<\/p>\n<\/td>\n<td>\n<p>+0.3% (YTD: -%)<\/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>2,540<\/p>\n<\/td>\n<td>\n<p>+0.3% (YTD: -8.2%)<\/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>3,673<\/p>\n<\/td>\n<td>\n<p>-0.8% (YTD: +13.7%)<\/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>FTSE 100<\/strong><\/p>\n<\/td>\n<td>\n<p>6,564<\/p>\n<\/td>\n<td>\n<p>+0.1% (YTD: -13.0%)<\/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>Brent crude<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 48.86<\/p>\n<\/td>\n<td>\n<p>-%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td>\n<p>USD 2.4<\/p>\n<\/td>\n<td>\n<p>-0.1%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Gold<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 1,838.70<\/p>\n<\/td>\n<td>\n<p>-%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>BTC<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 18,558.55<\/p>\n<\/td>\n<td>\n<p>+1.4%<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><p><strong>Middle East governments could face something of a reckoning in the months and years <\/strong><strong>ahead<\/strong> as low oil prices and spiraling debt heap pressure on public finances, Fitch Ratings said in <a href=\"https:\/\/www.fitchratings.com\/research\/sovereigns\/mena-sovereign-outlook-negative-uncertain-recovery-ahead-08-12-2020\">a note<\/a> this week. Despite expectations for an economic rebound in 2021, \u201cbalance sheets will continue to deteriorate\u201d and the \u201cpainful fiscal adjustments\u201d needed to rescue the situation, coupled with the economic effects of the pandemic, could provoke social and political unrest. The ratings agency, which currently has five of 15 MENA sovereigns on a negative outlook, said that even in the higher-rated GCC states, the consequences of covid will \u201craise questions\u201d about the sustainability of their social and economic models.<\/p><p><strong>Kuwait is a case in point:<\/strong> The ruling Al Sabah clan could be on a collision course with the newly-elected parliament over how the country pulls itself out of its fiscal hole, <a href=\"https:\/\/www.ft.com\/content\/96e946c7-8f36-44f8-98c7-78b0eaf97351\">the Financial Times<\/a> suggests.<\/p><p><strong>Egypt is still good, though: <\/strong>The ratings agency <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3c8213a9-cf6d-4b7b-b303-0dd13af835b8\">earlier this year<\/a> affirmed Egypt\u2019s long-term foreign-currency issuer default rating at \u2018B+\u2019 with a \u2018stable\u2019 outlook.<\/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\/financial-markets\/\">Financial Markets<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"567912\" 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=\"567912\">\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\">AROUND THE WORLD<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/10\/around-the-world-on-10-december-2020\/\">\r\n                            Around the world on 10 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\/10\/around-the-world-on-10-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\/10\/around-the-world-on-10-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\/10\/around-the-world-on-10-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 10 December 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/10\/around-the-world-on-10-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\/10\/around-the-world-on-10-december-2020\/&title=Around the world on 10 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+10+December+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F10%2Faround-the-world-on-10-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\/10\/around-the-world-on-10-december-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567912\" class=\"content-area-description single-story post-567912 post type-post status-publish format-standard hentry category-around-the-world tag-around-the-world tag-australia tag-china tag-diplomacy tag-dp-world tag-enterpriseam tag-facebook tag-google tag-israel tag-kuwait tag-politics tag-qatar tag-sameh-shoukry tag-saudi-arabia tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>IN DIPLOMACY: We\u2019re signaling we\u2019re probably okay with bringing Qatar in from the cold. <\/strong>Foreign Minister Sameh Shoukry praised progress that could lead to a reconciliation between Qatar and the Arab Quartet, but said that any agreement must be \u201cclear on the obligations required from all parties,\u201d in an interview on TenTV on Tuesday (<a href=\"https:\/\/www.youtube.com\/watch?v=R8sjR3f3eFI\">watch, runtime: 16:50<\/a>). Egypt, along with Bahrain, the UAE, and Saudi Arabia, has been locked in a dispute with Qatar since 2017, severing diplomatic and trade ties with the island state in response to alleged support for terrorism. Saudi Arabia and Qatar have in recent days <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0e178356-3463-40f4-a50b-4b45eb04a13f\">signalled<\/a> progress in reaching an agreement to end the three-year dispute, while <a href=\"https:\/\/bit.ly\/3m1S4MJ\">Egypt<\/a> and <a href=\"https:\/\/www.reuters.com\/article\/gulf-qatar-emirates\/uae-official-lauds-efforts-to-strengthen-gulf-unity-idUSKBN28I26C\">the UAE<\/a>have both hailed Kuwait\u2019s mediation efforts. <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-12-08\/egypt-minister-hails-progress-toward-resolving-gulf-s-qatar-feud?srnd=premium-middle-east\">Bloomberg<\/a> picked up on Shoukry\u2019s comments.<\/p>\n<p><strong>Could we have a GERD agreement in 6 months\u2019 time? Ethiopia\u2019s ambassador in <\/strong><strong>Cairo thinks so<\/strong>, telling <a href=\"https:\/\/bit.ly\/37ThjLY\">Sputnik News<\/a> that he hopes an agreement can be reached before the next rainy season, when Ethiopia plans to fill its dam reservoir for the second time. Negotiations came to a standstill last month after <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/de9ff00f-8f74-455f-9e89-06cb20d091bf\">Sudan opted out<\/a> of the talks and called for more involvement from the African Union, as an <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c36b7244-926c-43ec-a63d-1948b9e89cfc\">ongoing conflict<\/a> in Ethiopia\u2019s Tigray region threatened to destabilize the country. Talks between the three countries <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/132c79c2-16ce-4d16-a179-ede15e989031\">broke down<\/a> in August over disagreements on the timeline for the filling and operation of the dam.<\/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\/australia\/\">Australia<\/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\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/dp-world\/\">DP World<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/facebook\/\">Facebook<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/google\/\">Google<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/israel\/\">Israel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/kuwait\/\">Kuwait<\/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\/qatar\/\">Qatar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sameh-shoukry\/\">Sameh Shoukry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/uae\/\">UAE<\/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=\"567913\" 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=\"567913\">\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\">My Morning Routine<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/10\/my-wfh-routine-iman-ezzeldin-professor-of-drama-theater-and-film-criticism-at-ain-shams-university\/\">\r\n                            My WFH Routine: Iman Ezzeldin, professor of drama, theater and film criticism at Ain Shams University                        <\/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\/10\/my-wfh-routine-iman-ezzeldin-professor-of-drama-theater-and-film-criticism-at-ain-shams-university\/\" 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\/10\/my-wfh-routine-iman-ezzeldin-professor-of-drama-theater-and-film-criticism-at-ain-shams-university\/')\">\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\/10\/my-wfh-routine-iman-ezzeldin-professor-of-drama-theater-and-film-criticism-at-ain-shams-university\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=My WFH Routine: Iman Ezzeldin, professor of drama, theater and film criticism at Ain Shams University&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/10\/my-wfh-routine-iman-ezzeldin-professor-of-drama-theater-and-film-criticism-at-ain-shams-university\/\">\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\/10\/my-wfh-routine-iman-ezzeldin-professor-of-drama-theater-and-film-criticism-at-ain-shams-university\/&title=My WFH Routine: Iman Ezzeldin, professor of drama, theater and film criticism at Ain Shams University\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=My+WFH+Routine%3A+Iman+Ezzeldin%2C+professor+of+drama%2C+theater+and+film+criticism+at+Ain+Shams+University+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F10%2Fmy-wfh-routine-iman-ezzeldin-professor-of-drama-theater-and-film-criticism-at-ain-shams-university%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\/10\/my-wfh-routine-iman-ezzeldin-professor-of-drama-theater-and-film-criticism-at-ain-shams-university\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/202.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"567914\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/10\/my-wfh-routine-iman-ezzeldin-professor-of-drama-theater-and-film-criticism-at-ain-shams-university\/202-jpg-12\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/202.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"202.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/202.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/202.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567913\" class=\"content-area-description single-story post-567913 post type-post status-publish format-standard has-post-thumbnail hentry category-my-morning-routine tag-education tag-enterpriseam tag-my-morning-routine 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-10\"><\/a><strong> Iman Ezzeldin, professor of drama, theatre and film criticism at Ain Shams <\/strong><strong>University:<\/strong> Each week my Morning \/ WFH Routine looks at how a successful member of the community starts their day. Speaking to us this week Iman Ezzeldin (<a href=\"https:\/\/www.linkedin.com\/in\/iman-ezzeldin-ismail-82593a37\/?originalSubdomain=eg\">LinkedIn<\/a>), professor of drama, theatre and film criticism at Ain Shams University.<\/p>\n<p><strong>I'm Iman Ezzeldin, professor of drama, theater and film criticism at Ain Shams University<\/strong>. I teach theater, film criticism and play analysis between Ain Shams University and the University of Hertfordshire in Egypt in the new administrative capital. I co-founded the film and theater criticism department at Ain Shams in 2006. I'm a regular jury member of several domestic literary awards and film festivals, one of which has been the Sawiris Foundation prize for theatrical texts. I'm also part of an organization called <a href=\"https:\/\/bit.ly\/39XspTa\">Madad<\/a> which supports cultural initiatives in the poorer outskirts of Cairo and rural areas of the country.<\/p>\n<p><strong>I was formerly the director of the National Library in Bab al Khalq<\/strong>, the one that was bombed in 2014. It actually happened while I was on a plane heading to Paris. I landed, heard the news and immediately hopped on the next flight back to Cairo. It was a very difficult time for us.<\/p>\n<p><strong>I'm an early riser so I\u2019m usually up at 5:00 am<\/strong>. I have three cats who wake me up pretty early to eat. I feed them, make myself a cup of tea, check my Facebook and Twitter feeds and start getting ready to head out of the house. When I actually leave my house is extremely variable. On some days I'm out of the house by 7:30 am and on others I can stay in until 9:00 am. It mainly depends on my lecture schedule at the universities and meetings at the Jesuit Cinema School, where I\u2019m a board member and consultant. Reading papers and issuing corrections usually takes place from my home in the evenings.<\/p>\n<p><strong>We\u2019re now back to 100% in-person learning: <\/strong>In late March, when the lockdown came into effect, our classes went entirely online. My conversations with post-graduate students, which used to take place in person, shifted to one-on-one video calls. For my undergraduates, lectures were pre-recorded and slides posted online. They could contact me to ask specific questions after reviewing the material. Lectures have now resumed their regular in-person schedule, which has been the case since September.<\/p>\n<p><strong>Staying home didn\u2019t bother me, I actually enjoyed the break from commuting.<\/strong> I started going on more walks in the city, especially during Ramadan. I also got the chance to catch up with TV shows of my own choosing for the first time in years, so I started watching the popular Ramadan series \u2018<a href=\"https:\/\/elcinema.com\/work\/2056512\/\">B 100 Wesh<\/a>\u2019 and \u2018<a href=\"https:\/\/elcinema.com\/en\/work\/2059504\/\">El Fetewa<\/a>.\u2019<\/p>\n<p><strong>Although I\u2019m on a more regular schedule, I can\u2019t say it's totally back to normal now<\/strong>. Meetings, theater visits and public film screenings have all been put on pause for me now. I would usually make it to the Cairo International Film Festival this time of year and spend the entire week watching films but the pandemic has kept me away from many of these cultural events. Even though I was a jury member for the Egyptian films bracket at the Gouna Film Festival earlier this year I chose not to attend over covid concerns.<\/p>\n<p><strong>Theater is in a very bad situation at the moment<\/strong>. With the closure of indoor public spaces there are very few remaining outlets for creators to express their craft to audiences. Individuals and troupes who once hosted theater workshops and plays are now completely destroyed. Some groups have resorted to performances at cafes or open air performances, but it can be difficult to acquire the appropriate licensing.<\/p>\n<p><strong>Young artists need more venues to display their work<\/strong>. Attending the physical performance of a play is a tremendously powerful sensory experience. Watching someone act on stage and in the flesh is irreplaceable, so having a physical theater to showcase these productions is direly needed.<\/p>\n<p><strong>I urge people to check out <\/strong><strong><a href=\"http:\/\/www.zawyacinema.com\/\">Zawya<\/a><\/strong><strong> for really good independent films<\/strong>, especially during the European Film Festival coming up January 2021. I highly recommend the 2019 Sudanese documentary <a href=\"https:\/\/www.imdb.com\/title\/tt9658178\/\">Talking About Trees<\/a>. Ibrahim Abdel Meguid\u2019s <a href=\"https:\/\/www.goodreads.com\/ar\/book\/show\/52816164\">translation<\/a> of <a href=\"https:\/\/www.goodreads.com\/book\/show\/108561.Letters_From_Egypt\">Letters From Egypt<\/a> by Lucie Duff Gordon gives an important and somewhat overlooked history of Alexandria. Ezzat El Amhawy\u2019s <a href=\"https:\/\/www.goodreads.com\/book\/show\/50252522\">Ghorft El Mosafrin<\/a> is also a recent read that has been fascinating to get through. Mohamed Aboul Ghar\u2019s recently published book <a href=\"https:\/\/www.goodreads.com\/book\/show\/54609439-180?from_search=true&from_srp=true&qid=rFEBoLJJMv&rank=3\">The Pandemic That Killed 180k Egyptians<\/a> on the 1918 Flu is a very well researched and timely read.<\/p>\n<p><strong>Improving yourself just a little bit every day is key.<\/strong> What I tell my students, and myself, is to always work on polishing their skills and performance whether that is through language, analysis or writing.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/my-morning-routine\/\">MY MORNING ROUTINE<\/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=\"567915\" 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=\"567915\">\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\/10\/china-lays-claim-to-quantum-supremacy-with-photon-technology\/\">\r\n                            China lays claim to quantum supremacy with photon technology                        <\/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\/10\/china-lays-claim-to-quantum-supremacy-with-photon-technology\/\" 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\/10\/china-lays-claim-to-quantum-supremacy-with-photon-technology\/')\">\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\/10\/china-lays-claim-to-quantum-supremacy-with-photon-technology\/\">\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=China lays claim to quantum supremacy with photon technology&url=https:\/\/enterpriseam.com\/egypt\/2020\/12\/10\/china-lays-claim-to-quantum-supremacy-with-photon-technology\/\">\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\/10\/china-lays-claim-to-quantum-supremacy-with-photon-technology\/&title=China lays claim to quantum supremacy with photon technology\">\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=China+lays+claim+to+quantum+supremacy+with+photon+technology+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F12%2F10%2Fchina-lays-claim-to-quantum-supremacy-with-photon-technology%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\/10\/china-lays-claim-to-quantum-supremacy-with-photon-technology\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/203.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"567916\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/10\/china-lays-claim-to-quantum-supremacy-with-photon-technology\/203-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/203.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"203.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/203.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/203.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567915\" class=\"content-area-description single-story post-567915 post type-post status-publish format-standard has-post-thumbnail hentry category-on-your-way-out tag-china tag-enterpriseam tag-on-your-way-out tag-quantum-computing tag-technology wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Chinese researchers claim to have achieved quantum supremacy<\/strong> after successfully using a prototype system to perform a task that would take one of the world\u2019s fastest supercomputers 2 bn years <strong>in just a few minutes<\/strong>, reports <a href=\"https:\/\/www.wired.com\/story\/china-stakes-claim-quantum-supremacy\/\">Wired<\/a>. The Jiuzhang system, built by a team of researchers at University of Science and Technology of China, seems to have comfortably outperformed Google, which last year also achieved quantum supremacy \u2014 a term referring to a computation beyond the brainpower of a conventional supercomputer. The Chinese model uses completely different technology, manipulating photons instead of the more conventional approach of using super-cold superconductors.<\/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\/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\/quantum-computing\/\">Quantum computing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/technology\/\">technology<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"567917\" 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\/10\/calendar-on-10-december-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-567917\" class=\"content-area-description single-story post-567917 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 meeting 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>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":567887,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-567886","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"66d8e040-4259-4c74-9929-eba02e1bea13","teaser":"","photo_url":"https:\/\/ent.news\/2020\/12\/192.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>Military IPOs are coming + stock pix and a vaccine for the new year - 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\/military-ipos-are-coming-stock-pix-and-a-vaccine-for-the-new-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Military IPOs are coming + stock pix and a vaccine for the new year\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/issues\/military-ipos-are-coming-stock-pix-and-a-vaccine-for-the-new-year\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T06:07:01+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\/192.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\/military-ipos-are-coming-stock-pix-and-a-vaccine-for-the-new-year\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/issues\/military-ipos-are-coming-stock-pix-and-a-vaccine-for-the-new-year\/\",\"name\":\"Military IPOs are coming + stock pix and a vaccine for the new year - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/military-ipos-are-coming-stock-pix-and-a-vaccine-for-the-new-year\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/military-ipos-are-coming-stock-pix-and-a-vaccine-for-the-new-year\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/192.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2020-12-10T04:11:49+00:00\",\"dateModified\":\"2025-12-16T06:07:01+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/military-ipos-are-coming-stock-pix-and-a-vaccine-for-the-new-year\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/issues\/military-ipos-are-coming-stock-pix-and-a-vaccine-for-the-new-year\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/military-ipos-are-coming-stock-pix-and-a-vaccine-for-the-new-year\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/192.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/192.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/military-ipos-are-coming-stock-pix-and-a-vaccine-for-the-new-year\/#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\":\"Military IPOs are coming + stock pix and a vaccine for the new year\"}]},{\"@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":"Military IPOs are coming + stock pix and a vaccine for the new year - 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\/military-ipos-are-coming-stock-pix-and-a-vaccine-for-the-new-year\/","og_locale":"en_US","og_type":"article","og_title":"Military IPOs are coming + stock pix and a vaccine for the new year","og_url":"https:\/\/enterpriseam.com\/egypt\/issues\/military-ipos-are-coming-stock-pix-and-a-vaccine-for-the-new-year\/","og_site_name":"EnterpriseAM Egypt","article_modified_time":"2025-12-16T06:07:01+00:00","twitter_card":"summary_large_image","twitter_image":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/192.jpg?fit=%2C&ssl=1","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/military-ipos-are-coming-stock-pix-and-a-vaccine-for-the-new-year\/","url":"https:\/\/enterpriseam.com\/egypt\/issues\/military-ipos-are-coming-stock-pix-and-a-vaccine-for-the-new-year\/","name":"Military IPOs are coming + stock pix and a vaccine for the new year - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/military-ipos-are-coming-stock-pix-and-a-vaccine-for-the-new-year\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/military-ipos-are-coming-stock-pix-and-a-vaccine-for-the-new-year\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/192.jpg?fit=%2C&ssl=1","datePublished":"2020-12-10T04:11:49+00:00","dateModified":"2025-12-16T06:07:01+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/military-ipos-are-coming-stock-pix-and-a-vaccine-for-the-new-year\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/issues\/military-ipos-are-coming-stock-pix-and-a-vaccine-for-the-new-year\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/military-ipos-are-coming-stock-pix-and-a-vaccine-for-the-new-year\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/192.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/192.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/military-ipos-are-coming-stock-pix-and-a-vaccine-for-the-new-year\/#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":"Military IPOs are coming + stock pix and a vaccine for the new year"}]},{"@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\/567886","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\/567886\/revisions"}],"predecessor-version":[{"id":567929,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/567886\/revisions\/567929"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/567887"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=567886"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=567886"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=567886"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}