{"id":569058,"date":"2020-02-12T04:36:10","date_gmt":"2020-02-12T04:36:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=569058"},"modified":"2025-12-16T06:41:36","modified_gmt":"2025-12-16T06:41:36","slug":"echem-inks-agreement-with-bechtel-for-usd-6-7-bn-petchem-refinery-complex","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/echem-inks-agreement-with-bechtel-for-usd-6-7-bn-petchem-refinery-complex\/","title":{"rendered":"ECHEM inks agreement with Bechtel for USD 6.7 bn petchem, refinery complex"},"content":{"rendered":"<section id=\"569060\" 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=\"569060\">\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\/12\/what-were-tracking-on-12-february-2020\/\">\r\n                            What we\u2019re tracking on 12 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\/12\/what-were-tracking-on-12-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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Baby girl Yasmine Rabie, who was born in Minya, became the 100 mnth Egyptian, <a href=\"http:\/\/bit.ly\/3bwvTtW\">Masrawy notes<\/a>, quoting a source from the state\u2019s statistics bureau. We reached 99 mn citizens last July, and 99.8 mn at the start of this year. The story is dominating the narrative on Egypt this morning in the international press.<\/p><p><strong>It\u2019s really time we started emphasizing family planning, as our population <\/strong><strong>may nearly double to 192 mn by 2052<\/strong>, <a href=\"http:\/\/bit.ly\/3bx8EzS\">estimates CAPMAS head Khairat Barakat<\/a>, who estimates that a \u201csuccessful\u201d population campaign would limit growth to 143 mn by the same year. Prime Minister Moustafa Madbouly <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/1502836789894681?__tn__=K-R\">called on ministers<\/a> last Thursday to devise new strategies to curb Egypt\u2019s accelerating population. The Social Solidarity Ministry launched <a href=\"https:\/\/enterprise.press\/stories\/2018\/05\/27\/social-solidarity-ministry-launches-two-is-enough-family-planning-program\/\">in 2018<\/a> the EGP 100 mn \u201cTwo is Enough\u201d family planning program to curtail the country\u2019s birth rate.<\/p><p><strong>It\u2019s day two of the Egypt Petroleum Show:<\/strong> The first day of the exhibition yielded one major agreement \u2014 a USD 6.7 bn contract Bechtel signed to set up a petrochem plant in the Suez Canal Economic Zone. The full story is in this morning\u2019s Speed Round, below, and we\u2019ll be keeping our eyes open for more news coming out of the gathering today.<\/p><p><strong>The (hopefully) last round of GERD talks get underway in Washington today<\/strong> as Egyptian, Ethiopian, and Sudanese ministers work toward common ground on a timetable for filling and operating the Grand Ethiopian Renaissance Dam. Foreign Minister Sameh Shoukry and Irrigation Minister Mohamed Abdel Ati met yesterday with Egypt\u2019s technical team, which has been in the US capital for the past two weeks to hammer out the details of a final agreement on the dam, according to a <a href=\"https:\/\/bit.ly\/2UKgwbi\">Foreign Ministry statement<\/a>.<\/p><p><strong>Elsewedy Industrial Development <\/strong><strong>and Elswedy Electric <\/strong><strong><a href=\"https:\/\/www.zawya.com\/mena\/en\/press-releases\/story\/Elsewedy_Industrial_Development_and_Elsewedy_Electric_Highlight_Investment_Opportunities_in_Egypt-ZAWYA20200211120934\/\">are on a European roadshow this week<\/a><\/strong> to promote Egypt as an investment destination. Company officials have met with French industry leaders and will head to several German cities over the next few days.<\/p><p>Key dates coming up this month:<\/p><ul>\n<li><strong>Global VC group <\/strong><strong><a href=\"https:\/\/www.kauffmanfellows.org\/\">Kauffman Fellows<\/a><\/strong><strong> kicks off its three-day visit<\/strong> to the capital tomorrow.<\/li>\n<li><strong>The Central Bank of Egypt will meet to review interest rates<\/strong> a week from tomorrow.<\/li>\n<\/ul><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\/2019\/12\/Spa-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p><p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>Big Global Story of the Day #1- The US Fed is \u201cclosely monitoring\u201d the risk<\/strong><strong> presented by <\/strong><strong>the Wuhan coronavirus <\/strong>(which the WHO now insists is <a href=\"https:\/\/www.marketwatch.com\/story\/the-coronavirus-from-wuhan-china-now-has-a-name-covid-19-2020-02-11\">called COVID-19<\/a>), chairman Jay Powell told Congress yesterday, noting, \u201cwe are closely monitoring the emergence of the coronavirus, which could lead to disruptions in China that spill over to the rest of the global economy.\u201d It\u2019s too early to predict what, exactly, the impact might be, he added. The <a href=\"https:\/\/www.ft.com\/content\/3f1e2f32-4cdb-11ea-95a0-43d18ec715f5\">FT<\/a> and <a href=\"https:\/\/www.reuters.com\/article\/us-usa-fed-powell\/feds-powell-says-economy-in-good-place-warns-on-coronavirus-idUSKBN2050HO\">Reuters<\/a> have the Powell story, while <a href=\"https:\/\/www.cnbc.com\/2020\/02\/12\/coronavirus-live-updates-covid-19.html\">CNBC<\/a> notes that <strong>another 97 infected people died yesterday<\/strong> (bringing the death toll to 1,115) as total cases now top 44k.<\/p><p><strong>Big Global Story of the Day #2- Bernie Sanders, Pete Buttigieg, and Amy Klobuchar are<\/strong> <strong>clustered together in the top <\/strong><strong>three <\/strong>as early results from the Democratic primary in New Hampshire trickle in, with each commanding 20-26% of the counted vote as we hit \u201csend\u201d on this morning\u2019s edition. Elizabeth Warren was a distant fourth at dispatch time, while Joe Biden (who left early for South Carolina, where he has consistently said he had a better chance of winning) was in fifth place. Entrepreneur <a href=\"https:\/\/www.politico.com\/news\/2020\/02\/11\/andrew-yang-drops-out-114208\">Andrew Yang<\/a>, who we genuinely loved for his open discussion of the dangers of our Future Robot Overlords, has dropped out of the race for the nomination.<\/p><p><strong>Want to follow the results as they come in? <\/strong>Head over to the <a href=\"https:\/\/www.nytimes.com\/2020\/02\/11\/us\/politics\/nh-primary-election.html?action=click&amp;module=Top%20Stories&amp;pgtype=Homepage\">New York Times<\/a>, <a href=\"https:\/\/www.politico.com\/2020-election\/live-updates-and-analysis\/new-hampshire-results-chat\/\">Politico<\/a>, or <a href=\"https:\/\/www.reuters.com\/live-events\/new-hampshire-primary-3-id2921911\">Reuters<\/a>, as you prefer.<\/p><hr class=\"grey-line\"><p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/2\/Electric-car-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/p><p><strong>Ethical investments are starting to catch on in the bond market:<\/strong> Increasing awareness of sustainable investments and greater regulatory clarity will produce strong growth in the sustainable finance market this year, <a href=\"https:\/\/www.moodys.com\/research\/Moodys-Green-social-and-sustainability-bond-issuance-to-jump-24--PBC_1212910\">Moody\u2019s Investors Service said<\/a>. Issuances of green, social and sustainability bonds will rise 24% to USD 400 bn this year, with green bonds alone accounting for USD 300 bn. Around USD 75 bn in sustainability bonds and<\/p><p>USD 25 bn in social bonds will be offered to investors.<\/p><p><strong>Toyota this week became the first company to issue green bonds in the US market this <\/strong><strong>year<\/strong> with a USD 750 mn offering of 10-year bonds to finance its clean car business, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-02-10\/toyota-motor-credit-selling-year-s-first-u-s-company-green-bond?srnd=premium-middle-east&amp;sref=mmeFTDW1\">Bloomberg reports<\/a>. The company sold USD 5.3 bn-worth of the environmentally-friendly securities last year.<\/p><p><strong>Environmental, social and governance issues are of increasing importance <\/strong><strong>in investment decisions<\/strong> and credit quality assessments, potentially placing carbon-intensive sectors at risk, Moody's said in <a href=\"https:\/\/www.zawya.com\/mena\/en\/wealth\/story\/ESG_issues_influence_credit_outlooks_for_2020_Moodys-ZAWYA20200211035659\/\">a separate report<\/a>. Climate change and transition to a low-carbon economy are increasingly relevant for global credit markets, with both resource and risk management under scrutiny by investors ever more aware of their financial implications.<\/p><p><strong>And in a rare piece of hopeful climate news: Global carbon dioxide emissions may <\/strong><strong>have peaked last year<\/strong>, according to International Energy Agency head Fatih Birol. Carbon emissions from energy have plateaued after the use of coal in advanced economies fell by 15-25% last year, and an acceleration in the use of cleaner energy sources has Birol hopeful that emissions will actually begin to decline in the coming years. <a href=\"https:\/\/www.ft.com\/content\/b42bba4c-4c13-11ea-95a0-43d18ec715f5\">The FT has more<\/a>.<\/p><hr class=\"grey-line\"><p><strong>Lebanon might need to seek IMF assistance to pull itself out of economic <\/strong><strong>turmoil<\/strong>, House Speaker Nabil Berri said yesterday, <a href=\"https:\/\/www.reuters.com\/article\/lebanon-crisis-berri\/update-1-lebanons-berri-sees-need-for-imf-help-to-draw-up-rescue-plan-source-idUSL8N2AB1FJ\">according to Reuters<\/a>. The fund could be brought in to restructure Beirut\u2019s debts and offer its technical advice on whether to pay or default on its eurobond maturing next month, Berri said. Protests flared up again in the capital city yesterday after the newly-formed government earned a vote of confidence from parliament with a policy statement that \u201ccalls for moves including cutting interest rates and seeking foreign help,\u201d <a href=\"https:\/\/www.reuters.com\/article\/us-lebanon-crisis-protests\/lebanon-government-wins-confidence-vote-as-protests-rock-beirut-idUSKBN2050IT?feedType=RSS&amp;feedName=worldNews&amp;utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+Reuters%2FworldNews+%28Reuters+World+News%29\">the newswire says<\/a>.<\/p><hr class=\"grey-line\"><p><strong>Samsung is hoping a flip phone will help you forget about the corruption:<\/strong> The Korean tech giant yesterday unveiled its new smartphone range as its vice chairman faces a re-trial having spent a year behind bars for bribing former South Korean President Park Geun-hye. <a href=\"https:\/\/www.ft.com\/content\/c6832c50-38f1-11ea-a6d3-9a26f8c3cba4\">The FT<\/a> has the corruption case, <strong>The Verge has the rundown on the handsets, including the <\/strong><strong><a href=\"https:\/\/www.theverge.com\/2020\/2\/11\/21128230\/samsung-galaxy-s20-plus-ultra-price-camera-5g-features-video-hands-on\">Galaxy S20<\/a><\/strong><strong> and the <\/strong><strong><a href=\"https:\/\/www.theverge.com\/2020\/2\/11\/21132345\/samsung-galaxy-z-flip-foldable-phone-photos-videos-specs-price-hands-on\">Galaxy Z Flip<\/a><\/strong><strong>.<\/strong><\/p><p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/Web-view-01.jpg?ssl=1\" alt=\"enterprise\"><\/p><p><strong>It\u2019s Hardhat day \u2014 your weekly briefing of all things infrastructure in Egypt: <\/strong>Enterprise\u2019s industry vertical focuses each Wednesday on infrastructure, covering everything from energy, water, transportation, urban development and even social infrastructure such as health and education.<\/p><p><strong>In today\u2019s issue: <\/strong>We break down Egypt\u2019s long-called for railway upgrade and rehabilitation plan. We look at its size and scope and wonder how it might be made achievable.<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/capmas\/\">CAPMAS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/population-growth\/\">population growth<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/social-solidarity-ministry\/\">Social Solidarity Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    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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\/12\/egypt-petroleum-show-tops-coverage-on-last-nights-talk-shows\/\">\r\n                            Egypt Petroleum Show tops coverage on last night\u2019s talk shows                        <\/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 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              <!-- <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+Petroleum+Show+tops+coverage+on+last+night%E2%80%99s+talk+shows+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F02%2F12%2Fegypt-petroleum-show-tops-coverage-on-last-nights-talk-shows%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\/12\/egypt-petroleum-show-tops-coverage-on-last-nights-talk-shows\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-569062\" class=\"content-area-description single-story post-569062 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-egypt-petroleum-show tag-enterprise-last-nights-talk-shows tag-enterpriseam tag-healthcare tag-oil-and-gas wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The <\/strong><strong><a href=\"https:\/\/www.egyps.com\/\">Egypt Petroleum Show<\/a><\/strong><strong> (EGYPS) was the topic du jour on the airwaves last night. <\/strong>The three-day event has already seen the Egyptian General Petroleum Corporation (EGPC) sign an agreement with US-based construction firm Bechtel to establish a USD 6.7 bn petroleum refinery, which we recap in full in this morning\u2019s Speed Round below. Al Hayah Al Youm\u2019s Hossam Hadad and Lobna Assal (<a href=\"https:\/\/www.youtube.com\/watch?v=hd5xmGzoxZY\">watch, runtime: 3:38<\/a>) and Min Masr\u2019s Amr Khalil (<a href=\"https:\/\/www.youtube.com\/watch?v=zXUz4G58-70\">watch, runtime: 3:33<\/a>) took note of President Abdel Fattah El Sisi\u2019s inauguration of the expo.<\/p>\n<p><strong>Local and international oil companies\u2019 investments in Egypt\u2019s oil and gas industry have hit EGP 1 tn<\/strong>, USD 35 bn (c. EGP 550 bn) of which were invested under the current administration, Oil Minister Tarek El Molla said (<a href=\"https:\/\/www.youtube.com\/watch?v=b0ST6GqIc8I\">watch, runtime: 1:19<\/a>).<\/p>\n<p><strong>Egypt hosting an oil and gas event of this magnitude is evidence of our emergence as a regional gas hub<\/strong>, Mohamed Saad El Din, head of the Federation of Egyptian Industries\u2019 energy division, told Min Masr\u2019s Reham Ibrahim (<a href=\"https:\/\/www.youtube.com\/watch?v=0Njrh5AIfiU&t=29s\">watch, runtime: 8:53<\/a>).<\/p>\n<p><strong>The coronavirus also got some airtime <\/strong>with talk show hosts \u2014 including Yahduth Fi Misr\u2019s Sherif Amer, who phoned Health Minister Hala Zayed \u2014 giving us the daily dose of assurance that Egypt is still safe from the epidemic (<a href=\"https:\/\/www.youtube.com\/watch?v=ys7PL4RJt30\">watch, runtime: 5:21<\/a>).<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-petroleum-show\/\">Egypt Petroleum Show<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/oil-and-gas\/\">oil and gas<\/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=\"569063\" 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=\"569063\">\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\/12\/bechtel-echem-ink-usd-6-7-bn-petrochem-agreement\/\">\r\n                            Bechtel, ECHEM ink USD 6.7 bn petrochem 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\/12\/bechtel-echem-ink-usd-6-7-bn-petrochem-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\/12\/bechtel-echem-ink-usd-6-7-bn-petrochem-agreement\/')\">\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\/12\/bechtel-echem-ink-usd-6-7-bn-petrochem-agreement\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Bechtel, ECHEM ink USD 6.7 bn petrochem agreement&url=https:\/\/enterpriseam.com\/egypt\/2020\/02\/12\/bechtel-echem-ink-usd-6-7-bn-petrochem-agreement\/\">\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\/12\/bechtel-echem-ink-usd-6-7-bn-petrochem-agreement\/&title=Bechtel, ECHEM ink USD 6.7 bn petrochem 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=Bechtel%2C+ECHEM+ink+USD+6.7+bn+petrochem+agreement+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F02%2F12%2Fbechtel-echem-ink-usd-6-7-bn-petrochem-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\/12\/bechtel-echem-ink-usd-6-7-bn-petrochem-agreement\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/2\/163.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"569064\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/12\/bechtel-echem-ink-usd-6-7-bn-petrochem-agreement\/163-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/2\/163.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"163.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/2\/163.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/2\/163.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-569063\" class=\"content-area-description single-story post-569063 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round tag-bp tag-egyps tag-enterpriseam tag-oil-ministry tag-schlumberger tag-speed-round tag-tarek-el-molla wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a id=\"tldr-story-01\" class=\"content-anchor\"><\/a> <strong>ECHEM inks agreement with Bechtel for USD 6.7 bn petchem, refinery complex: <\/strong>The Egyptian Petrochemicals Holding Company (ECHEM) yesterday signed an agreement with Bechtel to establish a USD 6.7 bn petrochemical plant and refinery in the Suez Canal Economic Zone, according to <a href=\"https:\/\/ent.news\/2020\/2\/EGYPS-2020-Statement-1-3.pdf\">an official statement (pdf)<\/a>. The agreement, signed on the opening day of the Egypt Petroleum Show, will see the US company manage the construction of the complex and secure the funding from international financial institutions. Under the agreement, ECHEM will begin conducting feasibility studies with an international consultancy. Bechtel, Technip and Saipem have already assisted ECHEM in carrying out preliminary studies for the project, the statement said.<\/p>\n<p><strong>BP signs MoU for youth training in Egypt:<\/strong> Oil Minister Tarek El Molla also signed an MoU with BP to support young workers looking to enter the oil and gas industry by providing training programs and workshops, according to a <a href=\"https:\/\/ent.news\/2020\/2\/EGYPS-2020-Statement-3.pdf\">ministry statement (pdf)<\/a>.<\/p>\n<p><strong>Schlumberger and BP inked a separate MoU to cooperate on digitizing the companies\u2019 oil and gas exploration and production<\/strong> process in the Mediterranean Sea, <a href=\"https:\/\/ent.news\/2020\/2\/Schlumberger-BP-sign-MoU-at-EGYPS-2020.pdf\">a separate statement (pdf) said<\/a>.<\/p>\n<p><strong>El Sisi meets CEOs on forum\u2019s sidelines: <\/strong>President Abdel Fattah El Sisi lauded all of the three companies\u2019 activity in Egypt in talks with each of <a href=\"http:\/\/bit.ly\/3bwnSp5\">BP CEO Bernard Looney<\/a>, <a href=\"http:\/\/bit.ly\/2UIFjg8\">Schlumberger CEO Olivier Le Peuch<\/a>, and <a href=\"http:\/\/bit.ly\/2Hfzq1T\">Bechtel chairman and CEO Brendan Bechtel<\/a>.<\/p>\n<p><em>Correction (12\/02\/2020): A previous version of this article incorrectly stated that the Egyptian General Petroleum Corporation (EGPC) had signed the agreement with Bechtel.<\/em><\/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\/bp\/\">BP<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egyps\/\">EGYPS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/oil-ministry\/\">Oil Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/schlumberger\/\">Schlumberger<\/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\/tarek-el-molla\/\">Tarek El Molla<\/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=\"569083\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"569084\" 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=\"569084\">\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\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/12\/egypt-in-the-news-on-12-february-2020\/\">\r\n                            Egypt in the news on 12 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\/12\/egypt-in-the-news-on-12-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\/12\/egypt-in-the-news-on-12-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\/12\/egypt-in-the-news-on-12-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 12 February 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/02\/12\/egypt-in-the-news-on-12-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\/12\/egypt-in-the-news-on-12-february-2020\/&title=Egypt in the news on 12 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+12+February+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F02%2F12%2Fegypt-in-the-news-on-12-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\/12\/egypt-in-the-news-on-12-february-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-569084\" class=\"content-area-description single-story post-569084 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-egypt-in-the-news tag-enterpriseam tag-fgm tag-health wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Egypt\u2019s population hitting the 100 mn mark is leading coverage in the foreign press this <\/strong><strong>morning.<\/strong> <a href=\"https:\/\/www.nytimes.com\/2020\/02\/11\/world\/middleeast\/egypt-population-100-million.html?searchResultPosition=4\">The New York Times\u2019<\/a> Declan Walsh says that the milestone is \u201can uneasy moment\u201d as Egypt continues to grapple with population density and poverty, while family planning projects struggle to have a lasting effect on curbing the rising birth rate. The <a href=\"https:\/\/apnews.com\/b86a0e34a6cf8bdbf45558c2cba2bb30\">Associated Press<\/a> also had the story.<\/p>\n<p>Other headlines to skim this morning:<\/p>\n<ul>\n<li><strong>Improving macroeconomic indicators have yet to translate into better living <\/strong><strong>conditions <\/strong>for the majority of Egyptians, pundit Timothy Kaldas <a href=\"https:\/\/www.bloomberg.com\/opinion\/articles\/2020-02-11\/egyptians-are-no-better-off-than-before-the-arab-spring\">writes for Bloomberg Opinion<\/a>.<\/li>\n<li><strong>Egypt\u2019s doctors rally against FGM: <\/strong>Egyptian doctors have started a campaign to raise awareness of the dangers of FGM after the death of a 12-year-old girl in Assiut, <a href=\"https:\/\/www.reuters.com\/article\/us-egypt-women-crime-trfn\/doctors-in-egypt-launch-anti-genital-cutting-campaign-after-girl-dies-idUSKBN20529S\">reports Reuters<\/a>.<\/li>\n<li><strong>Cairo\u2019s loss of green space: <\/strong>At least 390k sqm of green space has been razed in four months as six new highways worth some EGP 7.5 bn are being built between Heliopolis and the New Administrative Capital, <a href=\"https:\/\/www.thejakartapost.com\/news\/2020\/02\/11\/cairos-green-lung-razed-for-roads-to-new-desert-capital.html\">AFP reports<\/a>.<\/li>\n<li><strong>Not a bird, not a plane \u2014 just a donkey on a passenger train:<\/strong> A man has been ordered to pay a fine of EGP 500 after boarding a Qena to Luxor train with his donkey, in violation of rules, <a href=\"https:\/\/gulfnews.com\/world\/mena\/a-donkey-board-a-passenger-train-in-egypt-puts-owner-in-trouble-1.1581328726357\">Gulf News reports<\/a>. <\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/health\/\">health<\/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=\"569088\" 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=\"569088\">\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\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/12\/the-market-yesterday-28\/\">\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\/12\/the-market-yesterday-28\/\" 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\/12\/the-market-yesterday-28\/')\">\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\/12\/the-market-yesterday-28\/\">\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\/12\/the-market-yesterday-28\/\">\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\/12\/the-market-yesterday-28\/&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%2F12%2Fthe-market-yesterday-28%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\/12\/the-market-yesterday-28\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-569088\" class=\"content-area-description single-story post-569088 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 15.66 | Sell 15.76<\/p>\n<p> <strong>EGP \/ USD at CIB:<\/strong> Buy 15.66 | Sell 15.76<br \/>\n <strong>EGP \/ USD at NBE: <\/strong>Buy 15.68 | Sell 15.78<\/p>\n<p><strong>EGX30<\/strong> (Tuesday): 14,009 (+0.2%)<br \/>\n <strong>Turnover:<\/strong> EGP 532 mn (12% below the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: +0.3%<\/p>\n<p><strong>THE MARKET ON TUESDAY:<\/strong> The EGX30 ended Tuesday\u2019s session up 0.2%. CIB, the index\u2019s heaviest constituent, ended flat. EGX30\u2019s top performing constituents were Heliopolis Housing up 2.6%, Eastern Company up 1.9%, and Porto Group up 1.7%. Yesterday\u2019s worst performing stocks were Ibnsina Pharma down 2.6%, Orascom Development Egypt down 2.0% and Telecom Egypt down 1.9%. The market turnover was EGP 532 mn, and domestic investors were the sole net buyers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Short | EGP -21.3 mn<br \/>\n <strong>Regional<\/strong>: Net Short | EGP -35.2 mn<br \/>\n <strong>Domestic<\/strong>: Net Long | EGP +56.5 mn<\/p>\n<p><strong>Retail<\/strong>: 54.2% of total trades | 59.7% of buyers | 48.7% of sellers<br \/>\n <strong>Institutions<\/strong>: 45.8% of total trades | 40.3% of buyers | 51.3% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 50.61 (+1.34%)<br \/>\n <strong>Brent:<\/strong> USD 54.96 (+1.76%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 1.80 MMBtu, (+0.50%, March 2020 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,570.90 \/ troy ounce (+0.05%)<\/p>\n<p><strong>TASI:<\/strong> 7,895.64 (-0.96%) (YTD: -5.88%)<br \/>\n <strong>ADX:<\/strong> 5,073.38 (-0.39%) (YTD: -0.05%)<br \/>\n <strong>DFM:<\/strong> 2,742.35 (-0.83%) (YTD: -0.81%)<br \/>\n <strong>KSE Premier Market:<\/strong> 6,923.28 (+0.44%)<br \/>\n <strong>QE:<\/strong> 10,097.18 (-0.51%) (YTD: -3.15%)<br \/>\n <strong>MSM:<\/strong> 4,105.66 (-0.15%) (YTD: +3.13%)<br \/>\n <strong>BB: <\/strong>1,662.92 (+0.18%) (YTD: +3.28%)<\/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\/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=\"569089\" 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\/12\/569089\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-569089\" class=\"content-area-description single-story post-569089 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>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): 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>18-21 March (Wednesday-Saturday): Real estate conference and exhibition, <a href=\"https:\/\/www.cityscapeonline.com\/exhibitordirectory\/cityscape-egypt\">CityScape<\/a>, International Exhibition Center, Nasr City, Egypt<\/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>7-10 December (Monday-Thursday): 2nd Edition of <a href=\"https:\/\/www.egyptdefenceexpo.com\/welcome\">Egypt Defence Expo<\/a> (EDEX), Egypt International Exhibit Center, Nasr City, Cairo<\/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\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":569059,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-569058","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"41be8325-8596-4725-89c1-4be7ed49122a","teaser":"","photo_url":"https:\/\/ent.news\/2020\/2\/159.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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