{"id":568924,"date":"2020-02-09T04:15:55","date_gmt":"2020-02-09T04:15:55","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=568924"},"modified":"2025-12-16T06:37:07","modified_gmt":"2025-12-16T06:37:07","slug":"a-slow-news-weekend-gives-way-to-a-very-busy-week","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/a-slow-news-weekend-gives-way-to-a-very-busy-week\/","title":{"rendered":"A slow news weekend gives way to a very busy week"},"content":{"rendered":"<section id=\"568926\" 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=\"568926\">\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\/02\/09\/what-were-tracking-on-9-february-2020\/\">\r\n                            What we\u2019re tracking on 9 February 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\/02\/09\/what-were-tracking-on-9-february-2020\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Ethiopia\u2019s water minister says that US-led mediation in DC in recent days has \u201csolved the main disputes,\u201d <a href=\"https:\/\/aawsat.com\/english\/home\/article\/2119561\/ethiopia-expects-solve-renaissance-dam-dispute-egypt\">Asharq Al-Awsat reports<\/a>.<\/p><p><strong>President Abdel Fattah El Sisi is in Addis Ababa today for an <\/strong><strong><a href=\"https:\/\/au.int\/summit\/33\">African Union summit<\/a><\/strong><a href=\"https:\/\/au.int\/summit\/33\">,<\/a>an <a href=\"http:\/\/bit.ly\/2SsPwKW\">Ittihadiya statement said yesterday<\/a>. El Sisi will hand over the chairmanship of the AU to South African President Cyril Ramaphosa at the gathering's heads of states assembly, which runs today through tomorrow. El Sisi spoke to the AU\u2019s peace and security council (which was discussing Libya) and addressed the African Peer Review Mechanism agency (see transcripts of the speeches <a href=\"http:\/\/bit.ly\/2OFyCrd\">here<\/a> and <a href=\"http:\/\/bit.ly\/39haZgz\">here<\/a> in Arabic). El Sisi also met with <strong>Algerian President <\/strong><strong><a href=\"http:\/\/bit.ly\/39v5Lhx\">Abdelmadjid Tebboune<\/a><\/strong> and <strong>Canadian Prime Minister <\/strong><strong><a href=\"http:\/\/bit.ly\/2SxOFsn\">Justin Trudeau<\/a><\/strong> in the Ethiopian capital yesterday.<\/p><hr class=\"grey-line\"><p><strong>German Economic Cooperation and Development Minister Gerd Muller is in Egypt<\/strong> to discuss water and renewable energy issues, the German Embassy in Cairo <a href=\"https:\/\/bit.ly\/2S9NpN2\">said in a statement<\/a> on Thursday. The minister visited the <a href=\"https:\/\/bit.ly\/2vkhsbJ\">Benban solar facility<\/a> and the <a href=\"https:\/\/bit.ly\/3biFQeu\">Aswan High Dam<\/a> over the weekend.<\/p><p><strong>MPs are still lobbying for lower energy prices for industry: <\/strong>The House Industry Committee will meet today with Electricity Minister Mohamed Shaker to push for lower electricity prices to factories after calls by the Egyptian Federation of Investors Associations, <a href=\"https:\/\/alborsaanews.com\/2020\/02\/08\/1293820\">parliamentary sources said<\/a>. The government <a href=\"https:\/\/enterprise.press\/stories\/2019\/10\/21\/govt-looking-into-setting-natgas-electricity-prices-twice-a-year-for-all-industries\/\">formed a committee last year<\/a> to meet every six months to revise the price at which the government sells natural gas and electricity to factories. The committee last met in October, when it lowered natgas prices by up to 25% for three types of factories.<\/p><p><strong>MPs will mull expanding anti-terror legislation to cover media outlets <\/strong>when they meet today in general assembly, state-owned <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/363110\/Egypt\/Politics-\/Egypts-parliament-to-discuss-tougher-penalties-aga.aspx\">Ahram Online<\/a> reports. Amendments to a 2015 law on how the state defines and lists terror organizations could see \u201ctelevision channels (audio, visual or print), as well as radio stations, social media accounts which are established by individuals, companies, institutions, gangs, cells or others regardless of their legal or real form\u201d included on the list of terrorist entities.<\/p><p><strong>The executive regulations for the Social Security and Pensions Act will be <\/strong><strong>unveiled in a few days<\/strong>, head of the Social Security Fund Sami Abdel Hadi <a href=\"https:\/\/bit.ly\/2S7NbG8\">said at the end of last week<\/a>. <a href=\"https:\/\/bit.ly\/2S9ZRws\">Hadi said<\/a> that under the regulations people will begin receiving their pensions via Meeza cards rather than their current pension cards. <strong>Read our breakdown of how the country\u2019s new pension fund will work <\/strong><strong><a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/29\/breaking-down-how-egypts-newly-established-pension-fund-will-work-9205\/\">here<\/a><\/strong><strong>.<\/strong><\/p><p><strong>FEDCOC, ECMA stamp tax meeting pushed to Wednesday:<\/strong> The Federation of Egyptian Chambers of Commerce\u2019s securities division and the Egyptian Capital Markets Association (ECMA) have postponed until Wednesday a meeting between key stakeholders to discuss reforming capital gains tax and stamp tax on EGX transactions. The meeting was <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ecc02ff7-d619-4956-8e0a-48d7aa229593\">originally scheduled to be held today<\/a>.<\/p><p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>The government is working on a new plan to control population growth:<\/strong> Prime Minister Moustafa Madbouly <a href=\"https:\/\/bit.ly\/2H70jFa\">on Thursday told ministers<\/a> to come up with a new strategy to curb Egypt\u2019s accelerating population growth as the number of Egyptians in the country surpasses 100 mn this month. The Social Solidarity Ministry had <a href=\"https:\/\/enterprise.press\/stories\/2018\/05\/27\/social-solidarity-ministry-launches-two-is-enough-family-planning-program\/\">launched in 2018<\/a> the EGP 100 mn \u201cTwo is Enough\u201d family planning program, which was designed to curtail the country\u2019s birth rate.<\/p><p><strong>Events taking place this week:<\/strong><\/p><ul>\n<li><strong>The three-day <\/strong><strong><a href=\"https:\/\/www.egyps.com\/\">Egypt Petroleum Show<\/a><\/strong> gets underway at the International Exhibition Center tomorrow. Look for a flurry of announcements and a heavy presence from global players, including US companies.<\/li>\n<li><strong>Global venture capital group <\/strong><strong><a href=\"https:\/\/www.kauffmanfellows.org\/\">Kauffman Fellows<\/a><\/strong><strong> is in town<\/strong> for a three-day visit from Thursday, 13 February.<\/li>\n<\/ul><p><strong>Inflation figures for January are out tomorrow:<\/strong> Price growth <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7d2b190e-4d13-4356-ad64-f11e3232b3b4\">advanced to 7.1%<\/a> at the end of 2019 as the favorable base effect that had seen inflation <a href=\"https:\/\/enterprise.press\/stories\/2019\/11\/11\/egypts-annual-headline-inflation-cools-again-in-october-6065\/\">fall to its lowest level in years<\/a> in 4Q2019 receded.<\/p><p><strong>The Central Bank of Egypt meets a week from Thursday <\/strong>to consider interest rates.<\/p><hr class=\"grey-line\"><p><strong>The coronavirus continues to dominate the news cycle as its death toll hit 813,<\/strong><strong> surpassing the number of lives claimed by SARS<\/strong>, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-02-08\/coronavirus-death-toll-rises-to-805-passing-sars-virus-update\">according to Bloomberg<\/a>. In the past two days alone, the virus <a href=\"https:\/\/www.wsj.com\/articles\/an-american-citizen-diagnosed-with-coronavirus-has-died-in-china-11581141185?mod=hp_lead_pos1\">claimed its first American<\/a> victim, <a href=\"https:\/\/www.bbc.com\/news\/world-asia-51409800\">41 people contracted the virus<\/a> onboard a cruise ship near Japan, <a href=\"https:\/\/www.reuters.com\/article\/us-china-health\/american-dies-of-coronavirus-in-china-as-toll-set-to-surpass-sars-idUSKBN20003J?il=0\">five British citizens tested positive<\/a> in the French Alps, and <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-02-07\/quarantined-hong-kong-ship-passengers-turn-to-mahjong-buffets?srnd=premium-middle-east&amp;sref=mmeFTDW1\">1.8k passengers of a quarantined ship<\/a> off the coast of Hong Kong are being examined. Meanwhile, the Chinese government is coming in for criticism over its handling of the crisis after a doctor who was censored by the authorities for blowing the whistle on the outbreak <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-02-07\/death-of-a-hero-doctor-sparks-crisis-of-confidence-in-xi-s-china?srnd=premium-middle-east&amp;sref=mmeFTDW1\">died from the virus<\/a>.<\/p><p><strong>Egypt is still coronavirus-free<\/strong>, as of dispatch time this morning, but:<\/p><ul>\n<li><strong>Public school officials are getting training <\/strong>on how to handle infectious diseases as schools go back into session after winter break, <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/363105\/Egypt\/Politics-\/Egypt-announces-preventive-measures-in-schools-as-.aspx\">Ahram Online<\/a> notes. The Education Ministry opted not to extend the midyear break.<\/li>\n<li><strong>Ship crew quarantined: <\/strong>Egyptian authorities quarantined a crew inbound from Shanghai at Damietta Port, <a href=\"https:\/\/www.egypttoday.com\/Article\/1\/81336\/Crew-of-ship-coming-from-China-to-Egypt%E2%80%99s-Damietta-quarantined\">according to the local press<\/a>.<\/li>\n<li><strong>GB Auto has seen limited impact on its supply chain<\/strong> from a shutdown of production lines in China, <a href=\"https:\/\/ent.news\/2020\/2\/PR-GB-Autos-Impact-Regarding-the-Corona-Virus-En.pdf\">saying in a statement (pdf)<\/a> that issues have so far been limited to a 7-10 day delay on Chery knock-down kits. Hyundai said last week that it was idling all of its plants in South Korea because of component shortages from Chinese suppliers, the <a href=\"https:\/\/www.wsj.com\/articles\/coronavirus-ripple-effects-hit-production-at-airbus-hyundai-11580904473\">WSJ reports<\/a>.<\/li>\n<li><strong>China wants to import surgical masks<\/strong> from Egypt, <a href=\"https:\/\/www.mubasher.info\/news\/3586774\/-%D8%A7%D9%84%D8%BA%D8%B1%D9%81-%D8%A7%D9%84%D8%AA%D8%AC%D8%A7%D8%B1%D9%8A%D8%A9-%D8%A7%D9%84%D8%B5%D9%8A%D9%86-%D8%AA%D8%B1%D9%8A%D8%AF-%D8%A7%D8%B3%D8%AA%D9%8A%D8%B1%D8%A7%D8%AF-%D8%A7%D9%84%D9%83%D9%85%D8%A7%D9%85%D8%A7%D8%AA-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A%D8%A9\/\">Mubasher reported<\/a>.<\/li>\n<\/ul><p><strong>You can follow the spread of the coronavirus <\/strong><strong><a href=\"https:\/\/www.ft.com\/content\/a26fbf7e-48f8-11ea-aeb3-955839e06441\">here<\/a><\/strong> on the Financial Times\u2019 tracker page.<\/p><p class=\"web-image stand-out-borderless\"><a href=\"http:\/\/somabay.com\/\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/2\/Catamaran-1600px.png?ssl=1\" alt=\"enterprise\"><\/a><\/p><p><strong>Georgieva administers a changing of the guard at our financial overlords:<\/strong> IMF deputy managing directors David Lipton and Carla Grasso will leave the fund at the end of February as new head Kristalina Georgieva seeks to \u201cflatten\u201d the fund\u2019s management structure, <a href=\"https:\/\/www.wsj.com\/articles\/two-top-imf-officials-depart-after-new-chief-takes-charge-11581115833?mod=lead_feature_below_a_pos1\">the Wall Street Journal reports<\/a>. Lipton\u2019s departure after nine years could allow the Trump administration to gain greater influence inside the IMF, as the US \u201cinformally nominates\u201d the IMF\u2019s second-in-command, the journal notes.<\/p><p><strong>BlackRock making good on climate pledge? <\/strong>Asset management giant BlackRock has slashed its holdings in coal miner Peabody Energy by more than 60% during 2019, holding a 5% stake in the company as of 31 December 2019, down from 14% at the end of January 2019, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-02-07\/blackrock-cuts-stake-in-u-s-coal-giant-after-climate-pledge?srnd=premium-middle-east\">reports Bloomberg<\/a>. BlackRock CEO Larry Fink <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4d6b9161-e11f-43f3-97f2-d5d7f48ae6c7\">last month announced<\/a> that he would take climate risk into consideration when making investment decisions.<\/p><p><strong>For the first time ever, women account for a third of FTSE 100 board seats<\/strong>, but a significant discrepancy remains between large organizations and smaller companies listed in the FTSE 250, <a href=\"https:\/\/www.ft.com\/content\/47d7cba0-49b2-11ea-aeb3-955839e06441\">the Financial Times reports<\/a>. While the number of women holding board positions in FTSE 100 companies has now soared from 12.5% less than a decade ago, the Hampton-Alexander review \u2014 which set the 33% target \u2014 says that further work is still needed at the individual company level, with the average across the FTSE 250 standing at 29.5%.<\/p><hr class=\"grey-line\"><p><strong>Democrats in New Hampshire will head to the polls on Tuesday<\/strong> to select a party candidate to face off against Donald Trump in the US presidential elections this fall. Progressive senator Bernie Sanders is in the lead <a href=\"http:\/\/cdn.cnn.com\/cnn\/2020\/images\/02\/08\/top2a_nh.pdf\">so far in the polls (pdf)<\/a>, followed by former South Bend Mayor Pete Buttigieg, who narrowly defeated Sanders in the Iowa Caucus. <a href=\"https:\/\/www.npr.org\/2020\/02\/08\/804023695\/5-takeaways-from-the-last-democratic-debate-before-the-new-hampshire-primary\">NPR has a quick rundown<\/a> of the key takeaways from the most recent debate on Friday.<\/p><p><strong>Has Sudan pulled the brakes on normalizing relations with Israel? <\/strong>Sudanese Prime Minister Abdalla Hamdok appears to have repudiated an announcement made last week by the country\u2019s military ruler Abdel Fattah Al Burhan that the country would work towards normalizing ties with Israel, <a href=\"https:\/\/twitter.com\/SudanPMHamdok\/status\/1224945881314734080\">writing on social media<\/a> that all foreign policy decisions must be made by the country\u2019s cabinet.<\/p><p><strong>PSA- Account for a longer than usual commute this morning<\/strong>, with public schools officially back in session as of yesterday.<\/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\/african-union\/\">African Union<\/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\" 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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=\"568928\">\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\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/09\/egypts-talk-shows-on-saturday-8-february-2020\/\">\r\n                            Egypt\u2019s talk shows on Saturday, 8 February 2020                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" 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href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2020\/02\/09\/egypts-talk-shows-on-saturday-8-february-2020\/&title=Egypt\u2019s talk shows on Saturday, 8 February 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%E2%80%99s+talk+shows+on+Saturday%2C+8+February+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F02%2F09%2Fegypts-talk-shows-on-saturday-8-february-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\/02\/09\/egypts-talk-shows-on-saturday-8-february-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-568928\" class=\"content-area-description single-story post-568928 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-abdel-fattah-el-sisi tag-african-union tag-diplomacy tag-enterprise-last-nights-talk-shows tag-enterpriseam tag-healthcare wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Egypt\u2019s role in Africa is back on the radar as President Abdel Fattah El Sisi is in Addis<\/strong><strong> Ababa for the African Union (AU) summit. <\/strong>Al Hayah Al Youm\u2019s Lobna Assal, among others, took note of El Sisi\u2019s arrival in the Ethiopian capital, where he is expected to hand over the AU\u2019s chairmanship to South African President Cyril Ramaphosa (<a href=\"https:\/\/www.youtube.com\/watch?v=9C8invT4aJk&t=3s\">watch, runtime: 2:21<\/a>). We recap in What We\u2019re Tracking Today, above.<\/p>\n<p><strong>Egypt was voted to sit on the AU Peace and Security Council by an \u201coverwhelming\u201d majority, <\/strong>reports Assal (<a href=\"https:\/\/www.youtube.com\/watch?v=yZj1fHk1ack&t=16s\">watch, runtime: 2:15<\/a>). We will remain on the 15-member council through to 2022. Foreign Ministry spokesperson Ahmed Hafez <a href=\"http:\/\/www.sis.gov.eg\/Story\/143663\/Egypt-wins-membership-of-AU-Peace-%26-Security-council-for-2020-2022-with-overwhelming-majority?lang=en-us\">tweeted the news on Friday<\/a>.<\/p>\n<p><strong>Our role in Africa will remain intact even after handing over the AU presidency<\/strong>, AU commissioner for infrastructure and energy Amany Abou Zeid told Assal in a phone-in (<a href=\"https:\/\/www.youtube.com\/watch?v=vMZ4MZWwo40&t=19s\">watch, runtime: 9:09<\/a>). The AU is set up in such a way that any preceding chair is required to continue working alongside the current one, Abou Zeid added.<\/p>\n<p><strong>We have still managed to keep the coronavirus at bay:<\/strong> Meanwhile on El Hekaya, Amr Adib phoned Health Ministry spokesperson Khaled Megahed, who confirmed that Egypt does not have any coronavirus infections, and said the government \u201cdoesn\u2019t have the luxury to hide\u201d as they send a daily report over to the World Health Organization (<a href=\"https:\/\/www.youtube.com\/watch?v=K4EZ616LNqo\">watch, runtime: 4:37<\/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\/african-union\/\">African Union<\/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\/enterprise-last-nights-talk-shows\/\">Enterprise+: Last Night\u2019s Talk Shows<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/healthcare\/\">healthcare<\/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=\"568929\" 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=\"568929\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">Speed Round<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/09\/mps-want-to-raise-taxes-on-anyone-earning-more-than-egp-1-mn-a-year\/\">\r\n                            MPs want to raise taxes on anyone earning more than EGP 1 mn a year                        <\/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\/02\/09\/mps-want-to-raise-taxes-on-anyone-earning-more-than-egp-1-mn-a-year\/\" 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\/02\/09\/mps-want-to-raise-taxes-on-anyone-earning-more-than-egp-1-mn-a-year\/')\">\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\/02\/09\/mps-want-to-raise-taxes-on-anyone-earning-more-than-egp-1-mn-a-year\/\">\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=MPs want to raise taxes on anyone earning more than EGP 1 mn a year&url=https:\/\/enterpriseam.com\/egypt\/2020\/02\/09\/mps-want-to-raise-taxes-on-anyone-earning-more-than-egp-1-mn-a-year\/\">\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\/02\/09\/mps-want-to-raise-taxes-on-anyone-earning-more-than-egp-1-mn-a-year\/&title=MPs want to raise taxes on anyone earning more than EGP 1 mn a year\">\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=MPs+want+to+raise+taxes+on+anyone+earning+more+than+EGP+1+mn+a+year+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F02%2F09%2Fmps-want-to-raise-taxes-on-anyone-earning-more-than-egp-1-mn-a-year%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\/02\/09\/mps-want-to-raise-taxes-on-anyone-earning-more-than-egp-1-mn-a-year\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/2\/108.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"568930\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/09\/mps-want-to-raise-taxes-on-anyone-earning-more-than-egp-1-mn-a-year\/108-jpg-15\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/2\/108.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"108.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/2\/108.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/2\/108.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-568929\" class=\"content-area-description single-story post-568929 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round tag-enterpriseam tag-finance tag-house-of-representatives tag-income-tax tag-legislation tag-speed-round tag-tax 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>LEGISLATION WATCH- MPs want to raise taxes on anyone earning more than EGP 1 mn a year<\/strong><strong>:<\/strong> A draft law put forth last week by Rep. Khaled Shaaban to amend Article 8 of the Income Tax Act could see the introduction of a new top tax rate of 26% on people earning more than EGP 1 mn a year, <a href=\"https:\/\/alborsaanews.com\/2020\/02\/06\/1293657\">the local press reports<\/a>. The amendments were submitted as the House of Representatives discussed changes proposed initially by Rep. Mervat Alexan <a href=\"https:\/\/enterprise.press\/stories\/2019\/02\/12\/house-to-consider-new-salary-related-amendments-to-income-tax-act\/\">almost a year ago<\/a> to raise the tax exemption threshold.<\/p>\n<p><strong>Alexan\u2019s initial proposal has gone through several revisions<\/strong>, with the House Planning and Budget Committee <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/dfcf497b-7f1b-46c2-8fd2-ab50c007d3a3\">approving last month<\/a> a modified bill that would double the tax exemption threshold to EGP 14k, and raise the upper limit for the lower tax brackets. Under these changes, a 10% tax would be applied to annual salaries between EGP 14-40k (instead of EGP 8-30k currently) and a 15% tax on people earning EGP 40-60k (EGP 30-45k currently).<\/p>\n<p><strong>How does Shaaban\u2019s draft law change things?<\/strong> The new proposal would retain the higher EGP 14k exemption threshold but make more significant changes to the upper limit on each tax bracket, and bring in a 26% rate of tax for those earning more than EGP 1 mn a year. This would change the tax code as follows:<\/p>\n<ul>\n<li>Those earning between EGP 14-50k would be taxed 10%;<\/li>\n<li>Those earning between EGP 50-100k would be taxed 15%;<\/li>\n<li>Those earning between EGP 100-250k would be taxed 20%;<\/li>\n<li>Those earning between EGP 250k\u20131 mn would be taxed at 22.5%;<\/li>\n<li>Those earning more than EGP 1 mn would be taxed at 26%.<\/li>\n<\/ul>\n<p><strong>Forgive us, but this all seems a little redundant<\/strong> given the Finance Ministry is currently cooking up a new tax code. The new law, which is <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a6a230d3-5384-4977-b998-c34dd133887f\">supposed to be entering the public consultation phase this month<\/a>, would raise the income tax exemption threshold to EGP 24k, close tax loopholes for foreign companies, and introduce new rules on the resolution of tax disputes.<\/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\/finance\/\">Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/house-of-representatives\/\">House of Representatives<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/income-tax\/\">income tax<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/legislation\/\">legislation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/speed-round\/\">SPEED ROUND<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tax\/\">tax<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"568944\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"568945\" 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=\"568945\">\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\">THE MACRO PICTURE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/09\/africa-could-be-transformed-by-the-digital-economy-but-only-if-its-infrastructure-is-strengthened\/\">\r\n                            Africa could be transformed by the digital economy \u2014 but only if its infrastructure is strengthened                        <\/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\/02\/09\/africa-could-be-transformed-by-the-digital-economy-but-only-if-its-infrastructure-is-strengthened\/\" 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\/02\/09\/africa-could-be-transformed-by-the-digital-economy-but-only-if-its-infrastructure-is-strengthened\/')\">\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\/02\/09\/africa-could-be-transformed-by-the-digital-economy-but-only-if-its-infrastructure-is-strengthened\/\">\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=Africa could be transformed by the digital economy \u2014 but only if its infrastructure is strengthened&url=https:\/\/enterpriseam.com\/egypt\/2020\/02\/09\/africa-could-be-transformed-by-the-digital-economy-but-only-if-its-infrastructure-is-strengthened\/\">\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\/02\/09\/africa-could-be-transformed-by-the-digital-economy-but-only-if-its-infrastructure-is-strengthened\/&title=Africa could be transformed by the digital economy \u2014 but only if its infrastructure is strengthened\">\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=Africa+could+be+transformed+by+the+digital+economy+%E2%80%94+but+only+if+its+infrastructure+is+strengthened+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F02%2F09%2Fafrica-could-be-transformed-by-the-digital-economy-but-only-if-its-infrastructure-is-strengthened%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\/02\/09\/africa-could-be-transformed-by-the-digital-economy-but-only-if-its-infrastructure-is-strengthened\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/2\/113.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"568946\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/09\/africa-could-be-transformed-by-the-digital-economy-but-only-if-its-infrastructure-is-strengthened\/113-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/2\/113.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"113.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/2\/113.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/2\/113.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-568945\" class=\"content-area-description single-story post-568945 post type-post status-publish format-standard has-post-thumbnail hentry category-the-macro-picture tag-africa tag-african-union tag-digital-economy tag-enterpriseam tag-infrastructure tag-the-macro-picture tag-world-bank wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>African countries could be transformed by the digital economy \u2014 but only they invest in infrastructure<\/strong><strong>: <\/strong>Africa must tackle significant deficits in its digital infrastructure to capitalize on the strong economic prospects that a digital transformation would afford, Vice President of the World Bank for Africa Hafez Ghanem writes, in an excerpt from the <a href=\"https:\/\/www.brookings.edu\/wp-content\/uploads\/2020\/01\/ForesightAfrica2020_20200110.pdf\">Foresight Africa 2020-2030 report (pdf)<\/a> republished as <a href=\"https:\/\/www.brookings.edu\/blog\/africa-in-focus\/2020\/02\/07\/shooting-for-the-moon-an-agenda-to-bridge-africas-digital-divide\/\">a Brookings blog post<\/a>. GDP growth in the continent could increase by 2% per year if the African Union\u2019s goal of universal and affordable internet coverage is reached, and fast internet could increase the probability of employment to 13.2% from 6.9%, he says, citing World Bank data. But internet penetration within the continent is very low, standing at an average of 39.6% compared to the global average of 62.7%. And, on average, countries in Africa spend 1.1% of GDP on digital investment, while developed economies spend an average of 3.2%. At the same time, the continent has seen the world\u2019s highest rate of increase in internet use and connectivity, with internet users increasing from 4.5 mn to 523 mn in two decades.<\/p>\n<p><strong>The private sector needs to be supported to play a key role in the process: <\/strong>The AU, supported by the World Bank, has recently launched <a href=\"https:\/\/www.worldbank.org\/en\/news\/feature\/2019\/05\/06\/achieving-africas-digital-transformation-is-an-ambition-that-requires-game-changing-cooperation\">the Digital Moonshot initiative<\/a>, which aims to accelerate the rate of internet use on the continent. Key to its success is ensuring that policies and institutions are in place to encourage private sector investment \u2014 which should cover half its estimated USD 80-100 bn cost over 10 years, Ghanem writes. The initiative has five key elements: Investing in digital infrastructure, with an emphasis on private sector investment; investing in a digitally capable workforce; investing in digital platforms, developed by both the public and private sectors; developing digital financial services to spur financial inclusion; and encouraging digital entrepreneurship and innovation.<\/p>\n<p><strong>Egypt is on its way to harnessing this potential:<\/strong> As one of the most populous and influential countries in Africa, Egypt has an important role to play in realizing the Digital Moonshot vision, Makhtar Diop, World Bank vice president for infrastructure, said last year in an <a href=\"https:\/\/www.egypttoday.com\/Article\/3\/67519\/Interview-World-Bank%E2%80%99s-VP-talks-Egypt-s-future-with-digital\">interview with<\/a><a href=\"https:\/\/www.egypttoday.com\/Article\/3\/67519\/Interview-World-Bank%E2%80%99s-VP-talks-Egypt-s-future-with-digital\">Business Today<\/a>. According to <a href=\"https:\/\/data.worldbank.org\/indicator\/IT.NET.USER.ZS?locations=EG\">World Bank statistics<\/a>, internet usage in Egypt in 2018 was significantly higher than African average, with 47% of population online. As of last year, the IT sector accounted for 3.1% of GDP, with the government <a href=\"https:\/\/www.egypttoday.com\/Article\/3\/67519\/Interview-World-Bank%E2%80%99s-VP-talks-Egypt-s-future-with-digital\">aiming to double this<\/a> to about 6% by 2025. And a USD 1 bn loan approved by the World Bank in December 2018 is designed to support Egypt in building digital infrastructure and platforms, particularly through creating innovative public-private partnerships and encouraging collaboration between digital technology and other sectors, such as transport and energy.<\/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\/africa\/\">Africa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/african-union\/\">African Union<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/digital-economy\/\">digital economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-macro-picture\/\">THE MACRO PICTURE<\/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=\"568947\" 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=\"568947\">\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\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/09\/egypt-in-the-news-on-9-february-2020\/\">\r\n                            Egypt in the News on 9 February 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\/02\/09\/egypt-in-the-news-on-9-february-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\/02\/09\/egypt-in-the-news-on-9-february-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\/02\/09\/egypt-in-the-news-on-9-february-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 9 February 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/02\/09\/egypt-in-the-news-on-9-february-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\/02\/09\/egypt-in-the-news-on-9-february-2020\/&title=Egypt in the News on 9 February 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+9+February+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F02%2F09%2Fegypt-in-the-news-on-9-february-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\/02\/09\/egypt-in-the-news-on-9-february-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-568947\" class=\"content-area-description single-story post-568947 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-ancient-egypt tag-diplomacy tag-egypt-in-the-news tag-enterpriseam tag-fgm tag-history tag-human-rights tag-memaar-al-morshedy tag-politics tag-real-estate wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>It\u2019s a relatively quiet morning for Egypt in the foreign press<\/strong>, with no single story leading the conversation.<\/p>\n<p>Among the headlines to keep on your radar:<\/p>\n<ul>\n<li><strong>Activist Ramy Sayed was released last week <\/strong>after spending four years in prison, with his pardon part of the customary prisoner release that marks Police Day, <a href=\"https:\/\/apnews.com\/cb8d78ca30527900e55190e91c06c6ca\">AP reports<\/a>.<\/li>\n<li><strong>FGM doctor released:<\/strong> Authorities have released on bail <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fa86ef61-0542-4d1d-ab7c-e828737be04e\">a doctor arrested<\/a> for performing an operation on a 12-year-old girl that led to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/78785139-8ca5-4f60-9c3e-801a3bcf694c\">her death last month<\/a>, <a href=\"https:\/\/africa.cgtn.com\/2020\/02\/08\/egypt-frees-doctor-who-performed-fgm-on-girl-who-bled-to-death\/\">CGTN Africa reports<\/a>.<\/li>\n<li><strong>Western politicians turn a blind eye to human rights concerns in Egypt in favor of<\/strong> <strong>\u201cmyopic\u201d support<\/strong> based on short-term interests of keeping African refugees from its shores, writes the Frankfurt Allgemeine Zeitung\u2019s Rainer Hermann in <a href=\"https:\/\/www.dw.com\/en\/guest-commentary-abdel-fattah-el-sissi-no-beacon-of-hope-no-bridge-builder\/a-52297954\">an op-ed for Deutsche Welle<\/a>.<\/li>\n<li><strong>An expert believes he has found a rare example of the ancient Egyptian<\/strong> <strong>board game Senet<\/strong>, which is among the first to show its depiction of the soul\u2019s journey to paradise, <a href=\"https:\/\/www.dailymail.co.uk\/sciencetech\/article-7979317\/Ancient-Egyptian-board-game-used-talk-dead-3-500-years-ago.html\">the Daily Mail reports<\/a>. Senet, which is similar to Ludo, was very popular from its emergence 5k years ago until about 2.5k years later.<\/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\/ancient-egypt\/\">Ancient Egypt<\/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\/egypt-in-the-news\/\">Egypt in the News<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fgm\/\">FGM<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/history\/\">History<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/human-rights\/\">human rights<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/memaar-al-morshedy\/\">Memaar Al Morshedy<\/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\/real-estate\/\">real estate<\/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=\"568948\" 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=\"568948\">\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\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/09\/egypt-eib-outline-five-areas-for-cooperation-going-forward\/\">\r\n                            Egypt, EIB outline five areas for cooperation going forward                        <\/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\/02\/09\/egypt-eib-outline-five-areas-for-cooperation-going-forward\/\" 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\/02\/09\/egypt-eib-outline-five-areas-for-cooperation-going-forward\/')\">\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\/02\/09\/egypt-eib-outline-five-areas-for-cooperation-going-forward\/\">\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, EIB outline five areas for cooperation going forward&url=https:\/\/enterpriseam.com\/egypt\/2020\/02\/09\/egypt-eib-outline-five-areas-for-cooperation-going-forward\/\">\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\/02\/09\/egypt-eib-outline-five-areas-for-cooperation-going-forward\/&title=Egypt, EIB outline five areas for cooperation going forward\">\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%2C+EIB+outline+five+areas+for+cooperation+going+forward+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F02%2F09%2Fegypt-eib-outline-five-areas-for-cooperation-going-forward%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\/02\/09\/egypt-eib-outline-five-areas-for-cooperation-going-forward\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-568948\" class=\"content-area-description single-story post-568948 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-development tag-diplomacy-foreign-trade tag-enterpriseam tag-european-investment-bank tag-rania-al-mashat tag-sdgs wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Egypt, EIB outline five areas for cooperation until 2030:<\/strong> The European Investment Bank will focus its funding of project in Egypt on transport, education, healthcare, energy, and the environment (water and wastewater treatment and climate change adaptation), <a href=\"http:\/\/bit.ly\/2H99wga\">the Investment Ministry and the EIB said in a joint statement<\/a>. The statement, which outlines key areas of cooperation to help the country achieve its 2030 Vision, came following a meeting between International Cooperation Minister Rania Al Mashat and a visiting EIB delegation headed by department for lending in EU neighboring countries director Flavia Palanza.<\/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\/development\/\">development<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy-foreign-trade\/\">Diplomacy + Foreign Trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/european-investment-bank\/\">European Investment Bank<\/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\/sdgs\/\">SDGs<\/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=\"568949\" 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=\"568949\">\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\">Basic Materials + Commodities<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/09\/egypt-extends-13-5-wheat-moisture-limit-for-until-april-2020\/\">\r\n                            Egypt extends 13.5% wheat moisture limit for until April 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\/02\/09\/egypt-extends-13-5-wheat-moisture-limit-for-until-april-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\/02\/09\/egypt-extends-13-5-wheat-moisture-limit-for-until-april-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\/02\/09\/egypt-extends-13-5-wheat-moisture-limit-for-until-april-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 extends 13.5% wheat moisture limit for until April 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/02\/09\/egypt-extends-13-5-wheat-moisture-limit-for-until-april-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\/02\/09\/egypt-extends-13-5-wheat-moisture-limit-for-until-april-2020\/&title=Egypt extends 13.5% wheat moisture limit for until April 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+extends+13.5%25+wheat+moisture+limit+for+until+April+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F02%2F09%2Fegypt-extends-13-5-wheat-moisture-limit-for-until-april-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\/02\/09\/egypt-extends-13-5-wheat-moisture-limit-for-until-april-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-568949\" class=\"content-area-description single-story post-568949 post type-post status-publish format-standard hentry category-basic-materials-commodities tag-basic-materials-commodities tag-commodities tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The government will continue allowing shipments of wheat with moisture levels of up to 13.5% until April 2021 to continue promoting competition among different origins in state tenders, the Trade Ministry <a href=\"https:\/\/ent.news\/2020\/2\/%D9%88%D8%B2%D9%8A%D8%B1%D8%A9-%D8%A7%D9%84%D8%AA%D8%AC%D8%A7%D8%B1%D8%A9-%D9%88%D8%A7%D9%84%D8%B5%D9%86%D8%A7%D8%B9%D8%A9-%D8%AA%D8%B5%D8%AF%D8%B1-%D9%82%D8%B1%D8%A7%D8%B1%D8%A7%D9%8B-%D8%A8%D9%85%D8%AF-%D8%A7%D9%84%D9%85%D9%87%D9%84%D8%A9-%D8%A7%D9%84%D8%A5%D8%B6%D8%A7%D9%81%D9%8A%D8%A9-%D8%A8%D9%82%D8%B1%D8%A7%D8%B1-%D8%AA%D8%AD%D8%AF%D9%8A%D8%AF-%D9%86%D8%B3%D8%A8%D8%A9-%D8%A7%D9%84%D9%85%D8%AD%D8%AA%D9%88%D9%89-%D8%A7%D9%84%D8%B1%D8%B7%D9%88%D8%A8%D9%89-%D9%84%D9%84%D9%82%D9%85%D8%AD-%D9%84%D9%85%D8%AF%D8%A9-%D8%B9%D8%A7%D9%85.pdf\">said in a statement (pdf)<\/a>. The decree, which was first issued in February 2017, was previously extended twice (<a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL8N1LH2EW\">in 2017<\/a> and again <a href=\"https:\/\/enterprise.press\/stories\/2018\/08\/12\/govt-extends-13-5-moisture-limit-for-another-nine-months\/\">in 2018<\/a>). Egyptian Organization for Standardization and Quality (EOS) sets the wheat moisture limit at no more than 15.5%, with the UN FAO\u2019s Codex Alimentarius setting the maximum at 14.5%.<\/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\/basic-materials-commodities\/\">Basic Materials + Commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/commodities\/\">commodities<\/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=\"568950\" 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=\"568950\">\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\">Manufacturing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/09\/bombardier-wants-to-set-up-a-monorail-component-factory-in-egypts-sczone\/\">\r\n                            Bombardier wants to set up a monorail component factory in Egypt\u2019s SCZone                        <\/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\/02\/09\/bombardier-wants-to-set-up-a-monorail-component-factory-in-egypts-sczone\/\" 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\/02\/09\/bombardier-wants-to-set-up-a-monorail-component-factory-in-egypts-sczone\/')\">\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\/02\/09\/bombardier-wants-to-set-up-a-monorail-component-factory-in-egypts-sczone\/\">\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=Bombardier wants to set up a monorail component factory in Egypt\u2019s SCZone&url=https:\/\/enterpriseam.com\/egypt\/2020\/02\/09\/bombardier-wants-to-set-up-a-monorail-component-factory-in-egypts-sczone\/\">\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\/02\/09\/bombardier-wants-to-set-up-a-monorail-component-factory-in-egypts-sczone\/&title=Bombardier wants to set up a monorail component factory in Egypt\u2019s SCZone\">\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=Bombardier+wants+to+set+up+a+monorail+component+factory+in+Egypt%E2%80%99s+SCZone+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F02%2F09%2Fbombardier-wants-to-set-up-a-monorail-component-factory-in-egypts-sczone%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\/02\/09\/bombardier-wants-to-set-up-a-monorail-component-factory-in-egypts-sczone\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-568950\" class=\"content-area-description single-story post-568950 post type-post status-publish format-standard hentry category-manufacturing tag-arab-contractors tag-bombardier tag-enterpriseam tag-manufacturing tag-new-administrative-capital tag-orascom-construction tag-suez-canal tag-transport wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Canada\u2019s Bombardier is interested in building a monorail components plant in the Suez Canal Economic Zone, Transport Minister Kamel El Wazir said, <a href=\"https:\/\/www.mubasher.info\/news\/3586891\/%D8%A8%D9%88%D9%85%D8%A8%D8%A7%D8%B1%D8%AF%D9%8A%D9%87-%D8%A7%D9%84%D8%B9%D8%A7%D9%84%D9%85%D9%8A%D8%A9-%D8%AA%D8%A8%D8%AD%D8%AB-%D8%A5%D9%86%D8%B4%D8%A7%D8%A1-%D9%85%D8%B5%D9%86%D8%B9-%D8%A8%D8%A7%D9%84%D9%85%D9%86%D8%B7%D9%82%D8%A9-%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A%D8%A9-%D9%84%D9%82%D9%86%D8%A7%D8%A9-%D8%A7%D9%84%D8%B3%D9%88%D9%8A%D8%B3\/\">according to Mubasher<\/a>. The factory would manufacture all railway and metro components to cover the needs of the Egyptian market and export to African countries. Bombardier is <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/01\/bombardier-to-manufacture-monorail-components-in-1q2020-start-assembly-in-june-7329\/\">expected to begin manufacturing<\/a> the main components for the two monorails linking the Sixth of October City to Giza and Nasr City to the new administrative capital in 1Q2020, and start assembly in June 2020. Egypt had <a href=\"https:\/\/enterprise.press\/stories\/2019\/08\/05\/egypt-signs-agreement-with-canadas-bombardier-for-nac-monorail-project\/\">signed a 30-year contract<\/a> with Bombardier, Orascom Construction, and Arab Contractors last year that will see the consortium construct, operate, and maintain the lines.<\/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\/arab-contractors\/\">Arab Contractors<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/bombardier\/\">Bombardier<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/new-administrative-capital\/\">new administrative capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/orascom-construction\/\">Orascom Construction<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/suez-canal\/\">Suez Canal<\/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=\"568951\" 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=\"568951\">\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\">Banking + Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/09\/concrete-plus-engineering-signs-egp-1-8-bn-syndicated-loan-agreement\/\">\r\n                            Concrete Plus Engineering signs EGP 1.8 bn syndicated loan agreement                        <\/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\/02\/09\/concrete-plus-engineering-signs-egp-1-8-bn-syndicated-loan-agreement\/\" 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\/02\/09\/concrete-plus-engineering-signs-egp-1-8-bn-syndicated-loan-agreement\/')\">\n                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     <\/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\/02\/09\/concrete-plus-engineering-signs-egp-1-8-bn-syndicated-loan-agreement\/&title=Concrete Plus Engineering signs EGP 1.8 bn syndicated loan agreement\">\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=Concrete+Plus+Engineering+signs+EGP+1.8+bn+syndicated+loan+agreement+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F02%2F09%2Fconcrete-plus-engineering-signs-egp-1-8-bn-syndicated-loan-agreement%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\/02\/09\/concrete-plus-engineering-signs-egp-1-8-bn-syndicated-loan-agreement\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-568951\" class=\"content-area-description single-story post-568951 post type-post status-publish format-standard hentry category-banking-finance tag-al-ahly tag-banking-finance tag-construction tag-development tag-enterpriseam tag-housing tag-new-alamein tag-north-coast tag-qnb-alahli wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a href=\"http:\/\/concrete-plus.net\/\">Concrete Plus Engineering<\/a> signed a EGP 1.8 bn syndicated loan agreement with the National Bank of Egypt and Qatar National Bank for the first phase of a EGP 5.9 bn luxury residential project in New Alamein, <a href=\"https:\/\/almalnews.com\/%d8%a7%d9%84%d8%a7%d9%87%d9%84%d9%89-%d9%88-%d9%82%d8%b7%d8%b1-%d8%a7%d9%84%d9%88%d8%b7%d9%86%d9%89-%d9%8a%d9%88%d9%82%d8%b9%d8%a7%d9%86-%d9%82%d8%b1%d8%b6%d8%a7-1-8-%d9%85%d9%84%d9%8a%d8%a7\/\">reports Al Mal<\/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\/al-ahly\/\">Al Ahly<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking-finance\/\">BANKING + FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/construction\/\">construction<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/development\/\">development<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/housing\/\">housing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/new-alamein\/\">New Alamein<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/north-coast\/\">north coast<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/qnb-alahli\/\">QNB Alahli<\/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=\"568952\" 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=\"568952\">\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\">Other Business News of Note<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/09\/egypts-primes-group-to-set-up-40-branded-restaurants-by-2023\/\">\r\n                            Egypt\u2019s Prime\u2019s Group to set up 40 branded restaurants by 2023                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/09\/egypts-primes-group-to-set-up-40-branded-restaurants-by-2023\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                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restaurants by 2023&url=https:\/\/enterpriseam.com\/egypt\/2020\/02\/09\/egypts-primes-group-to-set-up-40-branded-restaurants-by-2023\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2020\/02\/09\/egypts-primes-group-to-set-up-40-branded-restaurants-by-2023\/&title=Egypt\u2019s Prime\u2019s Group to set up 40 branded restaurants by 2023\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt%E2%80%99s+Prime%E2%80%99s+Group+to+set+up+40+branded+restaurants+by+2023+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F02%2F09%2Fegypts-primes-group-to-set-up-40-branded-restaurants-by-2023%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/09\/egypts-primes-group-to-set-up-40-branded-restaurants-by-2023\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-568952\" class=\"content-area-description single-story post-568952 post type-post status-publish format-standard hentry category-other-business-news-of-note tag-enterpriseam tag-food-and-beverage tag-hospitality tag-other-business-news-of-note tag-prime-group wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Prime Hospitality is planning to open some 40 branches of different restaurant chains it owns over three years at a cost of up to EGP 500 mn, said Tamer Wagih, chairman of the company's parent, Prime Group, according to <a href=\"https:\/\/alborsaanews.com\/2020\/02\/05\/1293257\">the local press<\/a>. Up to 15 branches of sports-themed restaurant LaLiga Lounge, which Prime Hospitality recently obtained franchise rights for, are expected to be opened as part of the three-year expansion plan.<\/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\/food-and-beverage\/\">food and beverage<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hospitality\/\">hospitality<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/other-business-news-of-note\/\">Other Business News of Note<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/prime-group\/\">Prime Group<\/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=\"568953\" 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=\"568953\">\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\">Egypt Politics + Economics<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/09\/egyptian-court-sentences-mohamed-ali-to-three-years-on-tax-evasion-charges\/\">\r\n                            Egyptian court sentences Mohamed Ali to three years on tax evasion charges                        <\/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\/02\/09\/egyptian-court-sentences-mohamed-ali-to-three-years-on-tax-evasion-charges\/\" 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\/02\/09\/egyptian-court-sentences-mohamed-ali-to-three-years-on-tax-evasion-charges\/')\">\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\/02\/09\/egyptian-court-sentences-mohamed-ali-to-three-years-on-tax-evasion-charges\/\">\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=Egyptian court sentences Mohamed Ali to three years on tax evasion charges&url=https:\/\/enterpriseam.com\/egypt\/2020\/02\/09\/egyptian-court-sentences-mohamed-ali-to-three-years-on-tax-evasion-charges\/\">\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\/02\/09\/egyptian-court-sentences-mohamed-ali-to-three-years-on-tax-evasion-charges\/&title=Egyptian court sentences Mohamed Ali to three years on tax evasion charges\">\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=Egyptian+court+sentences+Mohamed+Ali+to+three+years+on+tax+evasion+charges+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F02%2F09%2Fegyptian-court-sentences-mohamed-ali-to-three-years-on-tax-evasion-charges%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\/02\/09\/egyptian-court-sentences-mohamed-ali-to-three-years-on-tax-evasion-charges\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-568953\" class=\"content-area-description single-story post-568953 post type-post status-publish format-standard hentry category-egypt-politics-economics tag-egypt-politics-economics tag-enterpriseam tag-law tag-mohamed-ali tag-politics tag-tax wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>A court has sentenced army contractor-turned-political dissident Mohamed Ali to three years in prison on charges of tax evasion, and ordered him to pay a fine of EGP 711k and an equal amount in due taxes, <a href=\"http:\/\/bit.ly\/2UzIWF2\">reports Masrawy<\/a>. Ali was referred to a criminal court in December after an investigation concluded he had avoided paying VAT by misrepresenting tax records. He is currently in self-imposed exile in Spain.<\/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\/egypt-politics-economics\/\">Egypt Politics + Economics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/law\/\">law<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mohamed-ali\/\">Mohamed Ali<\/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\/tax\/\">tax<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"568954\" 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=\"568954\">\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\">National Security<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/09\/egyptian-navy-close-to-purchasing-italian-warships\/\">\r\n                            Egyptian navy close to purchasing Italian warships                        <\/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\/02\/09\/egyptian-navy-close-to-purchasing-italian-warships\/\" 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\/02\/09\/egyptian-navy-close-to-purchasing-italian-warships\/')\">\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\/02\/09\/egyptian-navy-close-to-purchasing-italian-warships\/\">\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=Egyptian navy close to purchasing Italian warships&url=https:\/\/enterpriseam.com\/egypt\/2020\/02\/09\/egyptian-navy-close-to-purchasing-italian-warships\/\">\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\/02\/09\/egyptian-navy-close-to-purchasing-italian-warships\/&title=Egyptian navy close to purchasing Italian warships\">\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=Egyptian+navy+close+to+purchasing+Italian+warships+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F02%2F09%2Fegyptian-navy-close-to-purchasing-italian-warships%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\/02\/09\/egyptian-navy-close-to-purchasing-italian-warships\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-568954\" class=\"content-area-description single-story post-568954 post type-post status-publish format-standard hentry category-national-security tag-enterpriseam tag-italy tag-national-security wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Egypt\u2019s navy is \u201cvery close\u201d to a EUR 2.4 bn purchase of a pair of European Multi-Purpose Frigate (FREMM) warships from Italian shipbuilder Fincantieri, French newspaper <a href=\"https:\/\/www.latribune.fr\/entreprises-finance\/industrie\/aeronautique-defense\/armement-nouvelle-claque-de-la-france-en-egypte-838726.html\">La Tribune reported<\/a>. The vessels may be purchased for an estimated cost of EUR 1.2 bn, with Italian state bank CDP due to issue an export financing loan of up to EUR 500 mn to support the purchase.<\/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\/italy\/\">Italy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/national-security\/\">national security<\/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=\"568955\" 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=\"568955\">\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\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/09\/man-creates-virtual-google-maps-traffic-jam-using-99-smartphones-and-a-wagon\/\">\r\n                            Man creates virtual Google Maps traffic jam using 99 smartphones and a wagon                        <\/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\/02\/09\/man-creates-virtual-google-maps-traffic-jam-using-99-smartphones-and-a-wagon\/\" 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\/02\/09\/man-creates-virtual-google-maps-traffic-jam-using-99-smartphones-and-a-wagon\/')\">\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\/02\/09\/man-creates-virtual-google-maps-traffic-jam-using-99-smartphones-and-a-wagon\/\">\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=Man creates virtual Google Maps traffic jam using 99 smartphones and a wagon&url=https:\/\/enterpriseam.com\/egypt\/2020\/02\/09\/man-creates-virtual-google-maps-traffic-jam-using-99-smartphones-and-a-wagon\/\">\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\/02\/09\/man-creates-virtual-google-maps-traffic-jam-using-99-smartphones-and-a-wagon\/&title=Man creates virtual Google Maps traffic jam using 99 smartphones and a wagon\">\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=Man+creates+virtual+Google+Maps+traffic+jam+using+99+smartphones+and+a+wagon+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F02%2F09%2Fman-creates-virtual-google-maps-traffic-jam-using-99-smartphones-and-a-wagon%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\/02\/09\/man-creates-virtual-google-maps-traffic-jam-using-99-smartphones-and-a-wagon\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/2\/115.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"568956\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/09\/man-creates-virtual-google-maps-traffic-jam-using-99-smartphones-and-a-wagon\/115-jpg-20\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/2\/115.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"115.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/2\/115.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/2\/115.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-568955\" class=\"content-area-description single-story post-568955 post type-post status-publish format-standard has-post-thumbnail hentry category-on-your-way-out tag-enterpriseam tag-google tag-technology wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>German artist Simon Weckert dragged a wagon filled with 99 smartphones that were all<\/strong><strong> transmitting live traffic data and created \"virtual traffic jams\"<\/strong> on the streets of Berlin, <a href=\"https:\/\/www.androidauthority.com\/google-maps-hack-1079604\/\">reports Android Authority<\/a>, citing a Google statement. The smartphones apparently fooled Google Maps, making the app register high user concentration. And because they were stacked in a cart, Google Maps was dazed into thinking the traffic was slow-moving. Google reacted quite positively, saying that \u201cwhether via car or cart or camel, we love seeing creative uses of Google Maps as it helps us make maps work better over time.\u201d Weckert posted <a href=\"https:\/\/youtu.be\/k5eL_al_m7Q?t=1\">a video showing how he did it<\/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\/google\/\">Google<\/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=\"568957\" 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=\"568957\">\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\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/09\/the-market-yesterday-25\/\">\r\n                            The Market Yesterday                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/09\/the-market-yesterday-25\/\" 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\/02\/09\/the-market-yesterday-25\/')\">\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\/02\/09\/the-market-yesterday-25\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=The Market Yesterday&url=https:\/\/enterpriseam.com\/egypt\/2020\/02\/09\/the-market-yesterday-25\/\">\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\/02\/09\/the-market-yesterday-25\/&title=The Market Yesterday\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=The+Market+Yesterday+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F02%2F09%2Fthe-market-yesterday-25%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\/02\/09\/the-market-yesterday-25\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-568957\" class=\"content-area-description single-story post-568957 post type-post status-publish format-standard hentry category-the-market-yesterday tag-enterpriseam tag-the-market-yesterday wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><p><strong>EGP \/ USD CBE market average:<\/strong> Buy 15.72 | Sell 15.82<\/p>\n<p> <strong>EGP \/ USD<\/strong><strong> at <\/strong><strong>CIB<\/strong><strong>:<\/strong> Buy 15.71 | Sell 15.81<br \/>\n <strong>EGP \/ USD at <\/strong><strong>NBE<\/strong><strong>: <\/strong>Buy 15.72 | Sell 15.82<\/p>\n<p><strong>EGX30<\/strong> (Thursday): 14,106 (+0.9%)<br \/>\n <strong>Turnover:<\/strong> EGP 819 mn (31% above the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: +1.0%<\/p>\n<p><strong>THE MARKET ON THURSDAY:<\/strong> The EGX30 ended Thursday\u2019s session up 0.9%. CIB, the index\u2019s heaviest constituent, ended up 0.5%. EGX30\u2019s top performing constituents were Porto Group up 3.7%, Eastern Company up 3.5%, and Heliopolis Housing up 2.7%. Thursday\u2019s worst performing stocks were Cleopatra Hospitals down 5.2%, KIMA down 1.4% and Orascom Development Egypt down 0.9%. The market turnover was EGP 819 mn, and foreign investors were the sole net buyers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Long | EGP +66.3 mn<br \/>\n <strong>Regional<\/strong>: Net Short | EGP -10.5 mn<br \/>\n <strong>Domestic<\/strong>: Net Short | EGP -55.8 mn<\/p>\n<p><strong>Retail<\/strong>: 53.5% of total trades | 52.4% of buyers | 54.7% of sellers<br \/>\n <strong>Institutions<\/strong>: 46.5% of total trades | 47.6% of buyers | 45.3% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 50.32 (-1.24%)<br \/>\n <strong>Brent:<\/strong> USD 54.47 (-0.84%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 1.86 MMBtu, (-0.21%, March 2020 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,573.40 \/ troy ounce (+0.22%)<\/p>\n<p><strong>TASI:<\/strong> 8,053.09 (-0.51%) (YTD: -4.01%)<br \/>\n <strong>ADX:<\/strong> 5,087.21 (+0.13%) (YTD: +0.23%)<br \/>\n <strong>DFM:<\/strong> 2,769.58 (-0.08%) (YTD: +0.17%)<br \/>\n <strong>KSE Premier Market:<\/strong> 6,983.71 (+0.29%)<br \/>\n <strong>QE:<\/strong> 10,204.62 (-0.90%) (YTD: -2.12%)<br \/>\n <strong>MSM:<\/strong> 4,128.89 (+0.09%) (YTD: +3.71%)<br \/>\n <strong>BB: <\/strong>1,656.04 (+0.06%) (YTD: +2.85%)<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-market-yesterday\/\">The Market Yesterday<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"568958\" 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\/02\/09\/568958\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-568958\" class=\"content-area-description single-story post-568958 post type-post status-publish format-standard hentry category-calendar wpautop entry\">\n\n\t\t\t<hr class=\"wp-block-separator has-text-color has-primary-color has-alpha-channel-opacity has-primary-background-color has-background is-style-wide\">\n\n\t\t<h2 class=\"wp-block-heading mt-0 has-primary-color has-text-color has-link-color has-normal-font-size\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\">\n\t\t\t<strong> CALENDAR<\/strong>\n\t\t<\/h2>\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>February: An Italian business delegation <a href=\"https:\/\/almalnews.com\/%d9%88%d9%81%d8%af-%d8%a5%d9%8a%d8%b7%d8%a7%d9%84%d9%8a-%d9%8a%d8%b2%d9%88%d8%b1-%d9%85%d8%b5%d8%b1-%d9%81%d8%a8%d8%b1%d8%a7%d9%8a%d8%b1-%d8%a7%d9%84%d9%85%d9%82%d8%a8%d9%84-%d9%84%d9%84%d8%aa%d8%b9\/\">will visit Egypt<\/a> to discuss investments in the Port Said industrial zone.<\/p>\n<p>February: Higher Education Minister Khaled Abdel-Ghaffar <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=19112019&id=2b9e9b1c-45ad-4af5-82a9-f8650319c562\">will visit<\/a> Minsk, Belarus.<\/p>\n<p>9-10 February (Sunday-Monday): The the 33rd ordinary African Union (AU) Summit where Egypt will <a href=\"https:\/\/aawsat.com\/english\/home\/article\/2058256\/egypt-hand-african-union-presidency-south-africa-february\">hand over<\/a> the African Union presidency to South Africa<\/p>\n<p>11-13 February (Tuesday-Thursday): <a href=\"https:\/\/www.egyps.com\/\">Egypt Petroleum Show<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>12-13 February (Wednesday-Thursday) (TBC): Egypt, Ethiopia and Sudan to meet in Washington, DC, to review final GERD agreement.<\/p>\n<p>13-15 February (Thursday-Saturday): Kauffman Fellows visit Cairo.<\/p>\n<p>14-16 February (Friday-Sunday): A Euro-Mediterranean Organization for Economic and Development Cooperation delegation <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=22012020&id=b3a1f3df-a1cf-4b6e-853e-05c1e9e43111\">will visit Egypt<\/a> to discuss cooperating in the field of organic cotton and home textiles<\/p>\n<p>19-21 February (Wednesday-Friday): Egyptian Chamber of Leather Industry will participate in the <a href=\"https:\/\/www.lineapelle-fair.it\/en\">Lineapelle Milano<\/a> International Trade Fair, Milan, Italy<\/p>\n<p>23 February (Sunday): Court session for Arabia Investments Holdings\u2019 <a href=\"https:\/\/almalnews.com\/%d8%aa%d8%a3%d8%ac%d9%8a%d9%84-%d8%af%d8%b9%d9%88%d9%89-%d8%a7%d9%84%d8%b9%d8%b1%d8%a8%d9%8a%d8%a9-%d9%84%d9%84%d8%a7%d8%b3%d8%aa%d8%ab%d9%85%d8%a7%d8%b1%d8%a7%d8%aa-%d8%b6%d8%af-%d8%a8%d9%8a%d8%ac-6\/\">lawsuit against Peugeot<\/a>. It was previously postponed to 24 November 2019 and then to 5 January 2020, and now 23 February.<\/p>\n<p>23 February (Sunday): Court session for Amer Group, Porto Group compensation claim against Antaradous<\/p>\n<p>20 February (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>March: <a href=\"https:\/\/bit.ly\/2RMVwyZ\">South Korean business delegation to visit Egypt<\/a>.<\/p>\n<p>March: <a href=\"http:\/\/www.menafatf.org\/about\">The Middle East and North Africa Financial Action Task Force<\/a> (MENAFATF) <a href=\"https:\/\/almalnews.com\/%d9%85%d8%ac%d9%85%d9%88%d8%b9%d8%a9-%d8%a7%d9%84%d8%b9%d9%85%d9%84-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%8a-%d8%aa%d8%b2%d9%88%d8%b1-%d9%85%d8%b5%d8%b1-%d9%85%d8%a7%d8%b1%d8%b3-%d8%a7%d9%84%d9%85%d9%82\/\">will visit<\/a> Egypt to assess the progress of actions taken to combat money laundering and terrorist sponsoring activities.<\/p>\n<p>1 March: <a href=\"https:\/\/www.youm7.com\/story\/2019\/11\/28\/%D8%B1%D8%A6%D9%8A%D8%B3-%D8%BA%D8%B1%D9%81%D8%A9-%D8%A7%D9%84%D8%A5%D8%B3%D9%83%D9%86%D8%AF%D8%B1%D9%8A%D8%A9-%D8%A7%D9%84%D8%AA%D8%AC%D8%A7%D8%B1%D9%8A%D8%A9-%D9%85%D8%B5%D8%B1-%D8%AA%D8%B3%D8%AA%D8%B6%D9%8A%D9%81-%D9%85%D8%A4%D8%AA%D9%85%D8%B1%D8%A7-%D8%AF%D9%88%D9%84%D9%8A%D8%A7-%D8%B9%D9%86-%D8%A7%D9%84%D9%84%D9%88%D8%AC%D8%B3%D8%AA%D9%8A%D8%A7%D8%AA\/4516709\">A conference<\/a> on \u201clogistics and its impact on the movement of goods and industry,\u201d venue TBD, Alexandria.<\/p>\n<p>2-5 March (Monday-Thursday): EFG Hermes\u2019 16th annual <a href=\"https:\/\/oneonone2020.efghermes.com\/pages\/home.aspx\">One on One conference<\/a>, Atlantis, The Palm, Dubai.<\/p>\n<p>3 March (Tuesday): Business Today\u2019s <a href=\"https:\/\/ent.news\/2020\/1\/BT100_Announcement-converted.pdf\">bt100 awards ceremony<\/a>, Cairo.<\/p>\n<p>4-5 March (Wednesday-Thursday): <a href=\"https:\/\/ent.news\/2019\/10\/Press-Release-26th-Annual-Women-Economic-Forum-March-2020-Cairo-Egypt.pdf\">Women Economic Forum<\/a>, Cairo.<\/p>\n<p>5-8 March (Wednesday-Saturday): 25 Egyptian companies will participate in <a href=\"https:\/\/almalnews.com\/25-%d8%b4%d8%b1%d9%83%d8%a9-%d9%85%d8%b5%d8%b1%d9%8a%d8%a9-%d8%aa%d8%b4%d8%a7%d8%b1%d9%83-%d8%a8%d9%85%d9%86%d8%aa%d8%af%d9%89-%d8%a7%d9%84%d8%a7%d8%b3%d8%aa%d8%ab%d9%85%d8%a7%d8%b1-%d9%81%d9%8a\/\">a forum on investment in startups<\/a> in Saudi\u2019s King Abdullah Economic City.<\/p>\n<p>6-8 March: Arab Banking Forum, for heads of risk management in Arab banks, organized by the Union of Arab Banks,with the Central Bank of Egypt and the Federation of Egyptian Banks.<\/p>\n<p>7 March (Saturday): International Conference for Investment organized by Suez Canal Economic Authority, Al Galala City, Egypt<\/p>\n<p>17-18 March (Tuesday-Wednesday): US Federal Open Market Committee will hold its two-day policy meeting to review the interest rate.<\/p>\n<p>25-26 March (Wednesday-Thursday): <a href=\"http:\/\/www.megaprojectsconf.com\/\">Mega Projects Conference<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>26 March (Thursday): <a href=\"https:\/\/almalnews.com\/%d8%aa%d8%a3%d8%ac%d9%8a%d9%84-%d8%af%d8%b9%d9%88%d9%89-%d8%b4%d8%b1%d9%83%d8%a9-%d8%b3%d9%88%d8%b1%d9%8a%d8%a9-%d8%b6%d8%af-%d8%a8%d9%88%d8%b1%d8%aa%d9%88-%d8%ac%d8%b1%d9%88%d8%a8-%d8%a5%d9%84%d9%89\/\">Court session<\/a> for Amer Group, Porto Group lawsuit against Antaradous.<\/p>\n<p>7 April (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>12 April (Sunday): Easter Sunday.<\/p>\n<p>20 April (Monday): Sham El Nessim, national holiday.<\/p>\n<p>23 April (Thursday): First day of Ramadan (TBC).<\/p>\n<p>25 April (Saturday): Sinai Liberation Day, national holiday.<\/p>\n<p>28-29 April (Tuesday-Wednesday): US Federal Open Market Committee will hold its two-day policy meeting to review the interest rate.<\/p>\n<p>5-7 May (Tuesday-Thursday): <a href=\"https:\/\/www.afsic.net\/\">AFSIC - Investing in Africa<\/a>, London, United Kingdom.<\/p>\n<p>14 May (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>23-26 May (Saturday-Tuesday): Eid El Fitr (TBC).<\/p>\n<p>9-10 June (Tuesday-Wednesday): US Federal Open Market Committee will hold its two-day policy meeting to review the interest rate.<\/p>\n<p>17-20 June (Wednesday-Saturday): <a href=\"https:\/\/www.automech-formula.com\/en\/home.html\">2019 Automech Formula car expo<\/a>, Egypt International Exhibition Center, Cairo.<\/p>\n<p>30 June (Sunday): June 2013 protests anniversary, national holiday.<\/p>\n<p>25 June (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>28-29 July (Tuesday-Wednesday): US Federal Open Market Committee will hold its two-day policy meeting to review the interest rate.<\/p>\n<p>30 July-3 August (Thursday-Monday): Eid El Adha (TBC), national holiday.<\/p>\n<p>13 August (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>20 August (Wednesday-Thursday): Islamic New Year (TBC), national holiday.<\/p>\n<p>15-16 September (Tuesday-Wednesday): US Federal Open Market Committee will hold its two-day policy meeting to review the interest rate.<\/p>\n<p>24 September (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>6 October (Tuesday): Armed Forces Day, national holiday.<\/p>\n<p>29 October (Thursday): Prophet Mohamed\u2019s birthday (TBC), national holiday.<\/p>\n<p>November: Egypt <a href=\"http:\/\/gate.ahram.org.eg\/News\/2284801.aspx\">will host simultaneously<\/a> the International Capital Market Association\u2019s emerging market, and Africa and Middle East meetings.<\/p>\n<p>4-5 November (Tuesday-Wednesday): US Federal Open Market Committee will hold its two-day policy meeting to review the interest rate.<\/p>\n<p>5 November (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>12 November (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>15-16 December (Tuesday-Wednesday): US Federal Open Market Committee will hold its two-day policy meeting to review the interest rate.<\/p>\n<p>17 December (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>24 December (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>25 December (Friday): Western Christmas.<\/p>\n<p>1 January 2021 (Friday): New Year\u2019s Day, national holiday.<\/p>\n<p>7 January 2021 (Thursday): Coptic Christmas, national holiday.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":568925,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-568924","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"a14f354e-67c8-49ca-85f5-4ac77081e44f","teaser":"","photo_url":"https:\/\/ent.news\/2020\/2\/106.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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