{"id":569146,"date":"2020-02-16T05:45:25","date_gmt":"2020-02-16T05:45:25","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=569146"},"modified":"2025-12-16T06:45:11","modified_gmt":"2025-12-16T06:45:11","slug":"analysts-are-split-on-an-interest-rate-cut-this-week","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/analysts-are-split-on-an-interest-rate-cut-this-week\/","title":{"rendered":"Analysts are split on an interest rate cut this week"},"content":{"rendered":"<section id=\"569148\" 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=\"569148\">\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\/16\/what-were-tracking-on-16-february-2020\/\">\r\n                            What we\u2019re tracking on 16 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\/16\/what-were-tracking-on-16-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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Unconfirmed reports suggest the patient is a Chinese national who landed at Cairo International Airport and is now in quarantine. We have the full story in this morning\u2019s Speed Round, below.<\/p><p><strong>The global <\/strong><strong><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-02-13\/coronavirus-s-effect-on-tourism-will-carry-into-2021-experts-say\">travel<\/a><\/strong><strong> and <\/strong><strong><a href=\"https:\/\/www.nytimes.com\/2020\/02\/14\/business\/coronavirus-luxury-retail.html\">luxury<\/a><\/strong><strong> markets are being hammered as travelers stay home <\/strong>in fear of the virus, which is now officially called covid-19, and pundits are suggesting it could have a <a href=\"https:\/\/www.cnbc.com\/2020\/02\/12\/why-world-economy-will-be-facing-china-coronavirus-for-a-long-time.html\">longer-term effect<\/a> on the global economy.<\/p><p><strong>The conference industry is taking it on the chin.<\/strong> Mobile World Congress, the world\u2019s largest mobile industry gathering originally scheduled for Barcelona, was <a href=\"https:\/\/www.theverge.com\/2020\/2\/12\/21127754\/mwc-2020-canceled-coronavirus-trade-show-phone-mobile-world-congress-gsma-statement\">canceled last week<\/a>. CP+, the high-profile photography industry gathering in Yokohama, <a href=\"https:\/\/www.dpreview.com\/news\/4917049494\/cp-2020-cancelled-amid-coronavirus-concerns\">has just followed suit<\/a>.<\/p><hr class=\"grey-line\"><p><strong>Story of the Day #2- Analysts are split on whether you can expect a rate cut when the<\/strong><strong> CBE\u2019s Monetary<\/strong><strong> Policy Committee meets this Thursday.<\/strong> Half of the economists surveyed in our interest rate poll (which you\u2019ll find in this morning\u2019s Speed Round, below) think the central bank will hold off on further cuts until later in the year, while the other half say the MPC could resume its easing cycle this week.<\/p><hr class=\"grey-line\"><p><strong>The House Planning and Budgeting Committee will finally begin discussing the <\/strong><strong>unified tax law this week,<\/strong> <a href=\"https:\/\/alborsaanews.com\/2020\/02\/13\/1296091\">according to the local press<\/a>. The bill, which <a href=\"https:\/\/enterprise.press\/stories\/2019\/10\/03\/egypts-cabinet-approves-new-banking-and-central-bank-act\/\">received cabinet approval<\/a> back in October, would create a single platform for filing income tax, stamp tax and VAT returns.<\/p><p>(<strong>Don\u2019t confuse that bill with the long-promised <\/strong><strong><a href=\"https:\/\/enterprise.press\/stories\/2019\/10\/09\/finmin-federation-of-egyptian-industries-committee-finalize-new-income-tax-act\/\">rewrite of the tax code<\/a><\/strong>, which would (among other things) close loopholes for foreign companies operating in Egypt and on which Finance Ministry Mohamed Maait has promised <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a6a230d3-5384-4977-b998-c34dd133887f\">public consultations sometime this winter<\/a>.)<\/p><p><strong>A<\/strong><strong>uto incentives package heading to the House this week?<\/strong> The Trade Ministry is putting the final touches on the government\u2019s auto incentives package and will ship it off to the House of Representatives for review this week, Minister Nevine Gamea said, <a href=\"https:\/\/bit.ly\/38wRb93\">according to Al Mal<\/a>. The House Industrial Committee is expected to begin its discussion of the bill at the end of February, <a href=\"https:\/\/alborsaanews.com\/2020\/02\/12\/1295658\">the local press reports<\/a>. The reproted \u201cstrategy\u201d would be \u201cquite different\u201d from what was presented by previous ministers, Gamea added, noting that the plan would devote an entire pillar to develop the electric vehicle market as the government moves to cut down on the use of gasoline and diesel fuel.<\/p><p><strong>From what we know so far,<\/strong> the bill to get the strategy up and running would give incentives to local assemblers to use more domestic components through customs breaks at a rate dependent on the percentage used. There is also some support within feeder industries and a clearer strategy for attracting FDI in the sector, head of the Industrial Development Authority\u2019s domestic manufacturing department Alaa Salaheldin said in December. Salaheldin noted at the time that the framework would draw from previous iterations of the program, by which we had assumed he meant the <a href=\"https:\/\/enterprise.press\/stories\/2018\/07\/30\/govt-plans-to-scrap-automotive-directive-and-will-replace-it-with-special-zones\/\">scrapped automotive directive<\/a>. You can <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/11\/is-egypts-auto-manufacturing-incentives-package-coming-out-of-hibernation-soon-8271\/\">read our primer here<\/a>.<\/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\/Golf-1600px.png?ssl=1\" alt=\"enterprise\"><\/a><\/p><hr class=\"grey-line\"><p><strong>The Minority Report wasn\u2019t meant as an instruction manual:<\/strong> China\u2019s biggest military technology company is setting up a national lab to create pre-crime-esque technologies that can predict where crimes might happen and intuit a person\u2019s emotions, <a href=\"https:\/\/www.ft.com\/content\/5cc651a4-48fd-11ea-aee2-9ddbdc86190d\">according to the Financial Times<\/a>.<\/p><p><strong>Egypt\u2019s answer to Mother Teresa has been nominated for the 2020 Nobel Prize: <\/strong>Magda Gobran, aka Mama Maggie, has been nominated by several national and international institutions, including Canada\u2019s Parliament, for her humanitarian work with underprivileged children, <a href=\"http:\/\/bit.ly\/2HsTe1O\">according to a statement by the Emigration Ministry<\/a>.<\/p><hr class=\"grey-line\"><p><strong>IN MEMORIAM- The business community lost another member late last week when Crave <\/strong><strong>co-founder<\/strong><strong> Hazem El Dalati suddenly passed away.<\/strong> Hazem and his brother Fahed helped transform Egypt\u2019s dining scene with the international fusion restaurant, which they set up through their Tourism Investment Company (TICO) back in 2004. The company operates Crave restaurants, a catering business, and a hospitality management arm.<\/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\/auc\/\">AUC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/automation\/\">automation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/blackrock\/\">BlackRock<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/canada\/\">Canada<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> 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id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 .stk-block-carousel__button svg.ugb-custom-icon :is(g, path, rect, polygon, ellipse){fill:#FFFFFF 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draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240923.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/efghldg.com\/en\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27488.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Realize More<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-60fowvt\" data-v=\"4\" data-block-id=\"60fowvt\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-60fowvt-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-60fowvt-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240924.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.sodic.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27487.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Live More<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-o8wqf9q\" data-v=\"4\" data-block-id=\"o8wqf9q\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-o8wqf9q-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-o8wqf9q-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240925.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/weareinfinity.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/27483.png?fit=300%2C300&#038;ssl=1\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Powering with nature<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-wsbqrz8\" data-v=\"4\" data-block-id=\"wsbqrz8\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-wsbqrz8-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-wsbqrz8-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240926.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.qalaaholdings.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/110691.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Driving growth<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div 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Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/16\/egypts-talk-shows-on-sunday-16-february-2020\/\">\r\n                            Egypt\u2019s talk shows on Sunday, 16 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\/16\/egypts-talk-shows-on-sunday-16-february-2020\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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href=\"https:\/\/api.whatsapp.com\/send?text=Egypt%E2%80%99s+talk+shows+on+Sunday%2C+16+February+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F02%2F16%2Fegypts-talk-shows-on-sunday-16-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\/16\/egypts-talk-shows-on-sunday-16-february-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-569150\" class=\"content-area-description single-story post-569150 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-cairo-cape-town-highway tag-debt tag-enterprise-last-nights-talk-shows tag-enterpriseam tag-healthcare tag-infrastructure tag-law tag-money-laundering tag-water wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>No particular topic was driving the narrative on last night\u2019s talk shows. <\/strong>The discovery of Egypt\u2019s first covid-19 case \u2014 which happened on Friday and which we recap in full in Speed Round, below \u2014 earned some airtime, but wasn\u2019t a focal point.<\/p>\n<p><strong>The government wants you to know it\u2019s not hiding more covid-19 patients: <\/strong>Al Hayah Al Youm's Lobna Assal phoned Health Ministry Spokesperson Khaled Megahed, who confirmed that no other cases of the virus have been detected in Egypt (<a href=\"https:\/\/www.youtube.com\/watch?v=Smibig05g9A\">watch, runtime: 15:23<\/a>). Min Masr\u2019s Amr Khalil also reported the news, calling on viewers to refrain from spreading rumors and dramatizing the matter (<a href=\"https:\/\/www.youtube.com\/watch?v=wJf_m5jVj3U\">watch, runtime: 5:30<\/a>).<\/p>\n<p><strong>GERD negotiations wrap up in Washington:<\/strong> Assal also had a chat with Irrigation Ministry spokesperson Mohamed El Sebai, who said Egypt, Ethiopia, and Sudan have all had the chance to present their views on GERD during the US-sponsored talks that kicked off <a href=\"https:\/\/enterprise.press\/stories\/2019\/11\/17\/egypt-sudan-ethiopia-kick-off-us-world-bank-sponsored-gerd-talks-6376\/\">last November<\/a> (<a href=\"https:\/\/www.youtube.com\/watch?v=ji4i-fKCeA0\">watch, runtime: 5:26<\/a>). The talks, which wrapped up on Thursday, are expected to culminate in a final agreement by the end of this month. We have more in this morning\u2019s Speed Round.<\/p>\n<p><strong>Cabinet highlights record economic growth:<\/strong> The Cabinet\u2019s Information Decision Support Center (IDSC) published yesterday an infographic showing that Egypt\u2019s most recent annual economic growth rate on record, 5.6% in FY 2018-2019, is the highest in 11 years. Assal (<a href=\"https:\/\/www.youtube.com\/watch?v=dXt2PrRtZhM\">watch, runtime: 5:04<\/a>) and Khalil (<a href=\"https:\/\/www.youtube.com\/watch?v=cX3FnrPv7IQ\">watch, runtime: 1:58<\/a>) both took note.<\/p>\n<p><strong>Egypt looks to AfDB for EGP 22 bn loan for Cairo-Cape Town connection: <\/strong>Authorities are in talks with the African Development Bank (AfDB) to borrow EGP 22 bn (c. USD 1.2 bn) to improve roads in upper Egypt as part of <a href=\"https:\/\/enterprise.press\/stories\/2019\/03\/03\/egypt-in-talks-to-finance-studies-for-part-of-cairo-cape-town-highway\/\">the plan<\/a> to link Argeen on the Egypt-Sudan border to Khartoum for the proposed Cairo-Cape Town highway project, Transport Minister Kamel El Wazir told El Hekaya\u2019s Amr Adib (<a href=\"https:\/\/www.youtube.com\/watch?v=tfhgzVOmpUg\">watch, runtime: 8:03<\/a>). The accident-prone Idku-Aswan highway, which would be part of the pan-African, will be getting a complete overhaul, El Wazir said.<\/p>\n<p><strong>Post authorities have uncovered the country\u2019s \u201clargest money laundering operation,\u201d<\/strong> and have placed five employees of the post office in Matrouh under investigation, Egypt Post boss Essam El Saghir told Assal (<a href=\"https:\/\/www.youtube.com\/watch?v=6iLAUh2x2Ug\">watch, runtime: 5:53<\/a>). Newly installed \u201cadvanced systems and solutions\u201d at the post managed to track down a total of EGP 1.75 bn transfer to 25 different accounts opened in Matrouh from several Upper Egyptian governorates, including Luxor, Aswan and Assiut, El Saghir said, without going into the fine details.<\/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\/cairo-cape-town-highway\/\">Cairo-Cape Town highway<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/infrastructure\/\">infrastructure<\/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\/money-laundering\/\">money laundering<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/water\/\">water<\/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=\"569151\" 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=\"569151\">\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\/16\/enterprise-poll-analysts-divided-over-which-way-the-cbe-will-go-with-interest-rates\/\">\r\n                            Enterprise Poll: Analysts divided over which way the CBE will go with interest rates                        <\/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\/16\/enterprise-poll-analysts-divided-over-which-way-the-cbe-will-go-with-interest-rates\/\" 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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Mohamed Abu Basha, head of EFG Hermes\u2019 macro unit, was on the fence about whether the CBE would cut or leave rates unchanged.<\/p>\n<p><strong>The CBE <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c9b240b5-0003-4a9d-9748-53c9b6f53fab\">left rates on hold last month<\/a><\/strong>, citing a pickup in inflation, a rise in unemployment, and volatility in the oil market. This means that the overnight deposit rate remains at 12.25% and the lending rate at 13.25%. The main operation and discount rates both stand at 12.75%.<\/p>\n<p><strong>There\u2019s a lack of agreement on how recent inflation figures will factor into the CBE\u2019s decision.<\/strong> The five respondents predicting a cut said that the central bank would prioritize other concerns, given the fact that inflation remains within the central bank\u2019s 9% (+\/- 3%) target range. Rising food prices pushed inflation up to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7d516919-c014-4ca0-80eb-af55172d83bd\">7.2% last month<\/a>, an increase of just 0.1 percentage points from the month before. Others \u2014 such as Beltone\u2019s Alia Mamdouh \u2014 believe that it will wait until it sees signs of calming inflation before resuming the easing cycle.<\/p>\n<p>And don\u2019t forget <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6fa54bf6-12d1-4a3b-aec8-8679ee5ada4a\">last week\u2019s suggestion<\/a> <strong>that leaving rates where they stand would be good for the carry trade<\/strong> and, by extension, for Egypt\u2019s foreign exchange position.<\/p>\n<p><strong>Deteriorating private sector business activity a source of concern for the CBE:<\/strong> The central bank is likely to react to last month\u2019s poor PMI figures and cut rates in an attempt to support business activity, the dovish analysts contend. Non-oil private sector business activity <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a97eb0c2-ba1d-48f6-8104-a8ce67ffd49e\">sank to three-year lows<\/a> last month, marking six consecutive months of contraction. \u201cThe fall in the PMI survey shows that the private sector needs some stimulus,\u201d said the chairman of economic think tank Signet, Angus Blair, who predicts a 100 bps cut. Bassem Kamar, lead economist for the south and east Mediterranean at the European Bank for Reconstruction and Development, forecasts a 50 bps cut for similar reasons. \u201c<strong>The central bank needs to encourage the private sector to invest<\/strong> in order to play the role assigned to it in economic growth and job creation, which requires a reduction of interest on lending to boost corporate capital expansion,\u201d he said.<\/p>\n<p><strong>But the CBE will also have to weigh the potential fallout from the coronavirus:<\/strong> Several analysts said the central bank is not likely to risk cutting interest rates while the full impact of the coronavirus remains unknown. \u201cI expect that the CBE will tend to stabilize until the study of the impact of the coronavirus on the investment climate and trade exchange with China,\u201d said Sara Saada, senior economist at CI Capital. Some surveyed said there\u2019s a risk of portfolio investment exiting emerging markets in light of the USD\u2019s rise amid the fears of the virus, so holding off on a rate cut would make Egypt stickier.<\/p>\n<p><strong>There\u2019s debate about just how much the trade disruption caused by the virus will affect inflation:<\/strong> Professor of Economics at Cairo University and former IMF and World Bank advisor, Fakhry El Fiky, warns that there is a risk of inflation being imported if trade with China slows. \u201cIf merchants in Egypt resort to storing Chinese goods and raising their prices, this will lead to an increase in inflation in the coming months,\u201d he said. Hany Genena, head of research at Prime Holdings, played down the threat, suggesting that while local firms would experience \u201cpressure\u201d for the coming 1-3 months, there is little risk of inflation caused by businesses pushing up the prices of Chinese goods. \u201cThis will not lead to a sustained shock to inflation as demand is naturally low due to weak liquidity among consumers,\u201d he said.<\/p>\n<p><strong>Are the CBE\u2019s recent initiatives a substitute for a rate cut?<\/strong> El Fiky, who thinks the CBE will opt to leave rates on hold, said that doing so would not risk restricting business investment due to the recent support given by the central bank to the <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/16\/cbe-confirms-egp-50-bn-tourism-support-program-8498\/\">tourism<\/a>, <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/10\/cbe-to-compensate-bank-lending-under-egp-150-bn-industrial-mortgage-programs-8146\/\">industrial, and real estate<\/a> industries.<\/p>\n<p><strong>What does this mean for interest rates over the longer term?<\/strong> Amr El Alfy, head of research at Shuaa, said that the twin uncertainties of the coronavirus and rising inflation will likely mean that the central bank holds off on further cuts until the second half of the year, when it is likely to cut by 200 bps before 2021. However, he does not rule out the possibility of a cut in April. Pharos\u2019 head of research Radwa El Swaify, who was among the analysts to forecast a hold this month, sees the central bank following a \u201ccalmer policy\u201d through 2020. She believes <strong>the CBE will cut by 200-300 bps this year<\/strong>, with the cuts most likely coming in April, June and August. Abu Basha expects rates to fall by 150-200 bps by the end of the year, calling another cut \u201cinevitable.\u201d<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/central-bank-of-egypt\/\">Central Bank of Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/inflation\/\">inflation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/interest-rates\/\">interest rates<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pmi\/\">PMI<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"569173\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"569174\" 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=\"569174\">\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\/16\/egypt-in-the-news-on-16-february-2020\/\">\r\n                            Egypt in the News on 16 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\/16\/egypt-in-the-news-on-16-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\/16\/egypt-in-the-news-on-16-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\/16\/egypt-in-the-news-on-16-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 16 February 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/02\/16\/egypt-in-the-news-on-16-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\/16\/egypt-in-the-news-on-16-february-2020\/&title=Egypt in the News on 16 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+16+February+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F02%2F16%2Fegypt-in-the-news-on-16-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\/16\/egypt-in-the-news-on-16-february-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-569174\" class=\"content-area-description single-story post-569174 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-egypt-in-the-news tag-enterpriseam tag-gaza tag-giulio-regeni tag-house-of-representatives tag-human-rights tag-hurghada tag-italy tag-politics tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Topping coverage of Egypt this morning (other than covid-19\u2019s arrival): A British<\/strong><strong> businessman was briefly detained in Hurghada<\/strong> for allegedly assaulting a police officer at the airport. He was <a href=\"https:\/\/www.theguardian.com\/world\/2020\/feb\/15\/uk-man-arrested-egypt-released-tony-camoccio\">released shortly thereafter<\/a>. (<a href=\"https:\/\/www.dailymail.co.uk\/news\/article-8000021\/Briton-thrown-Egyptian-jail-sexual-assault-PATTING-airport-security-guard-back.html\">Daily Mail<\/a> | <a href=\"https:\/\/www.theguardian.com\/world\/2020\/feb\/14\/british-man-held-in-egypt-for-patting-police-officer-on-back-sexual-assault\">the Guardian<\/a>)<\/p>\n<p><strong>Also getting considerable ink is the continued detention of Bologna University Graduate student Patrick Zaky<\/strong>, who was arrested earlier this month at Cairo International Airport. Several outlets are picking up wire copies of the story from <a href=\"https:\/\/apnews.com\/bf28f010a2712e6fbe751f09e34f50d1\">the Associated Press<\/a>. Meanwhile, the parents of murdered Italian researcher Giulio Regeni are pressuring the Italian government to intervene in Zaky\u2019s case, <a href=\"https:\/\/www.theguardian.com\/world\/2020\/feb\/14\/giulio-regenis-parents-urge-italy-to-help-student-held-in-egypt\">reports the Guardian<\/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-in-the-news\/\">Egypt in the News<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gaza\/\">Gaza<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/giulio-regeni\/\">Giulio Regeni<\/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\/human-rights\/\">human rights<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hurghada\/\">Hurghada<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/politics\/\">politics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"569175\" 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=\"569175\">\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\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/16\/12-companies-competing-for-tender-to-build-200-mw-solar-plant-in-egypts-west-nile-delta\/\">\r\n                            12 companies competing for tender to build 200 MW solar plant in Egypt\u2019s West Nile Delta                        <\/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\/16\/12-companies-competing-for-tender-to-build-200-mw-solar-plant-in-egypts-west-nile-delta\/\" 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\/16\/12-companies-competing-for-tender-to-build-200-mw-solar-plant-in-egypts-west-nile-delta\/')\">\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\/16\/12-companies-competing-for-tender-to-build-200-mw-solar-plant-in-egypts-west-nile-delta\/\">\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=12 companies competing for tender to build 200 MW solar plant in Egypt\u2019s West Nile Delta&url=https:\/\/enterpriseam.com\/egypt\/2020\/02\/16\/12-companies-competing-for-tender-to-build-200-mw-solar-plant-in-egypts-west-nile-delta\/\">\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\/16\/12-companies-competing-for-tender-to-build-200-mw-solar-plant-in-egypts-west-nile-delta\/&title=12 companies competing for tender to build 200 MW solar plant in Egypt\u2019s West Nile Delta\">\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=12+companies+competing+for+tender+to+build+200+MW+solar+plant+in+Egypt%E2%80%99s+West+Nile+Delta+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F02%2F16%2F12-companies-competing-for-tender-to-build-200-mw-solar-plant-in-egypts-west-nile-delta%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\/16\/12-companies-competing-for-tender-to-build-200-mw-solar-plant-in-egypts-west-nile-delta\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-569175\" class=\"content-area-description single-story post-569175 post type-post status-publish format-standard hentry category-energy tag-energy tag-enterpriseam tag-renewables wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>As many as 12 local and foreign companies are bidding in a tender launched by the Egyptian Electricity Transmission Company (EETC) to build a 200 MW solar plant in the West Nile Delta, <a href=\"https:\/\/alborsaanews.com\/2020\/02\/15\/1296672\">the local press reports<\/a>, quoting unnamed sources. The company\u2019s include the UAE\u2019s <a href=\"https:\/\/masdar.ae\/en\/masdar-clean-energy\">Masdar<\/a> and <a href=\"https:\/\/alcazarenergy.com\/\">Alcazar Energy<\/a>, Saudi Arabia\u2019s <a href=\"https:\/\/www.alfanar.com\/\">Al Fanar<\/a>, <a href=\"https:\/\/www.acwapower.com\/en\/\">Acwa Power<\/a>, and <a href=\"https:\/\/www.alj.com\/en\/energy-and-environmental-services\/energy-overview\/\">Abdul Latif Jameel<\/a>, <a href=\"https:\/\/lekela.com\/\">Lekela Egypt<\/a>, Alcazar, Orascom Construction, and France\u2019s <a href=\"https:\/\/www.edf-renouvelables.com\/en\/\">EDF Renewables<\/a>. The tender was originally for a 600 MW project, but the EETC decided to split it into several parts.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"569176\" 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=\"569176\">\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\">Banking + Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/16\/dice-garments-has-signed-a-usd-5-mn-medium-term-loan-contract-from-qatar-national-bank\/\">\r\n                            Dice Garments has signed a USD 5 mn medium-term loan contract from Qatar National Bank                        <\/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        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href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2020\/02\/16\/dice-garments-has-signed-a-usd-5-mn-medium-term-loan-contract-from-qatar-national-bank\/\">\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=Dice Garments has signed a USD 5 mn medium-term loan contract from Qatar National Bank&url=https:\/\/enterpriseam.com\/egypt\/2020\/02\/16\/dice-garments-has-signed-a-usd-5-mn-medium-term-loan-contract-from-qatar-national-bank\/\">\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\/16\/dice-garments-has-signed-a-usd-5-mn-medium-term-loan-contract-from-qatar-national-bank\/&title=Dice Garments has signed a USD 5 mn medium-term loan contract from Qatar National Bank\">\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=Dice+Garments+has+signed+a+USD+5+mn+medium-term+loan+contract+from+Qatar+National+Bank+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F02%2F16%2Fdice-garments-has-signed-a-usd-5-mn-medium-term-loan-contract-from-qatar-national-bank%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\/16\/dice-garments-has-signed-a-usd-5-mn-medium-term-loan-contract-from-qatar-national-bank\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-569176\" class=\"content-area-description single-story post-569176 post type-post status-publish format-standard hentry category-banking-finance tag-banking-finance tag-debt tag-dice-sport-and-casual-wear tag-enterpriseam tag-manufacturing tag-qnb-alahli wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Dice Garments has signed a USD 5 mn medium-term loan agreement with Qatar National Bank, <a href=\"https:\/\/www.egx.com.eg\/downloads\/Bulletins\/239711_1.pdf\">according to a disclosure to the EGX (pdf).<\/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\/banking-finance\/\">BANKING + FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/dice-sport-and-casual-wear\/\">Dice Sport and Casual Wear<\/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\/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=\"569177\" 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=\"569177\">\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\">Egypt Politics + Economics<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/16\/cairo-court-sentences-botrous-ghalys-brother-to-30-years-for-artifact-smuggling\/\">\r\n                            Cairo court sentences Botrous Ghaly\u2019s brother to 30 years for artifact smuggling                        <\/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\/16\/cairo-court-sentences-botrous-ghalys-brother-to-30-years-for-artifact-smuggling\/\" target=\"_blank\">\n                    Open in new tab             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class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Cairo court sentences Botrous Ghaly\u2019s brother to 30 years for artifact smuggling&url=https:\/\/enterpriseam.com\/egypt\/2020\/02\/16\/cairo-court-sentences-botrous-ghalys-brother-to-30-years-for-artifact-smuggling\/\">\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\/16\/cairo-court-sentences-botrous-ghalys-brother-to-30-years-for-artifact-smuggling\/&title=Cairo court sentences Botrous Ghaly\u2019s brother to 30 years for artifact smuggling\">\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=Cairo+court+sentences+Botrous+Ghaly%E2%80%99s+brother+to+30+years+for+artifact+smuggling+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F02%2F16%2Fcairo-court-sentences-botrous-ghalys-brother-to-30-years-for-artifact-smuggling%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\/16\/cairo-court-sentences-botrous-ghalys-brother-to-30-years-for-artifact-smuggling\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-569177\" class=\"content-area-description single-story post-569177 post type-post status-publish format-standard hentry category-egypt-politics-economics tag-ancient-egypt tag-egypt-politics-economics tag-enterpriseam tag-history tag-law wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The Cairo Criminal Court sentenced Mubarak-era Finance Minister Youssef Boutrous Ghali\u2019s brother to 30 years in jail and handed him a EGP 6 mn over two cases of smuggling ancient Egyptian artifacts into Europe, <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/363526\/Egypt\/Politics-\/Egypt-court-sentences-brother-of-Mubarakera-minist.aspx\">Ahram Online reports<\/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\/ancient-egypt\/\">Ancient Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/history\/\">History<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"569178\" 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=\"569178\">\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\">Sports<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/16\/egypt-extends-hosting-caf-headquarters-for-another-10-years\/\">\r\n                            Egypt extends hosting CAF headquarters for another 10 years                        <\/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\/16\/egypt-extends-hosting-caf-headquarters-for-another-10-years\/\" 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\/16\/egypt-extends-hosting-caf-headquarters-for-another-10-years\/')\">\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\/16\/egypt-extends-hosting-caf-headquarters-for-another-10-years\/\">\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 hosting CAF headquarters for another 10 years&url=https:\/\/enterpriseam.com\/egypt\/2020\/02\/16\/egypt-extends-hosting-caf-headquarters-for-another-10-years\/\">\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\/16\/egypt-extends-hosting-caf-headquarters-for-another-10-years\/&title=Egypt extends hosting CAF headquarters for another 10 years\">\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+hosting+CAF+headquarters+for+another+10+years+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F02%2F16%2Fegypt-extends-hosting-caf-headquarters-for-another-10-years%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\/16\/egypt-extends-hosting-caf-headquarters-for-another-10-years\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-569178\" class=\"content-area-description single-story post-569178 post type-post status-publish format-standard hentry category-_newspack_sports tag-africa tag-enterpriseam tag-sports wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Egypt signed last week a 10-year agreement with the Confederation of African Football to continue hosting its headquarters, <a href=\"http:\/\/www.cabinet.gov.eg\/Arabic\/MediaCenter\/CabinetNews\/Pages\/Spo.aspx\">according to a cabinet statement<\/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\/africa\/\">Africa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sports\/\">sports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"569180\" 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=\"569180\">\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\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/16\/the-market-yesterday-30\/\">\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\/16\/the-market-yesterday-30\/\" 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\/16\/the-market-yesterday-30\/')\">\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\/16\/the-market-yesterday-30\/\">\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\/16\/the-market-yesterday-30\/\">\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\/16\/the-market-yesterday-30\/&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%2F16%2Fthe-market-yesterday-30%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\/16\/the-market-yesterday-30\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-569180\" class=\"content-area-description single-story post-569180 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 15.63 | Sell 15.75<\/p>\n<p> <strong>EGP \/ USD at CIB:<\/strong> Buy 15.63 | Sell 15.73<br \/>\n <strong>EGP \/ USD at NBE: <\/strong>Buy 15.65 | Sell 15.75<\/p>\n<p><strong>EGX30<\/strong> (Thursday): 13,859 (+0.1%)<\/p>\n<p><strong>Turnover:<\/strong> EGP 488 mn (18% below the 90-day average)<\/p>\n<p><strong>EGX 30 year-to-date<\/strong>: -0.7%<\/p>\n<p><strong>THE MARKET ON THURSDAY:<\/strong> The EGX30 ended Thursday\u2019s session up 0.1%. CIB, the index\u2019s heaviest constituent, ended up 0.4%. EGX30\u2019s top performing constituents were Dice up 3.1%, Porto Group up 2.5%, and Madinet Nasr Housing up 2.1%. Thursday\u2019s worst performing stocks were Orascom Construction down 1.5%, GB Auto down 1.5% and Ibnsina Pharma down 1.3%. The market turnover was EGP 488 mn, and xx investors were the sole net buyers\/sellers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Long | EGP +77.8 mn<br \/>\n <strong>Regional<\/strong>: Net Short | EGP -35.9 mn<br \/>\n <strong>Domestic<\/strong>: Net Short | EGP -41.9 mn<\/p>\n<p><strong>Retail<\/strong>: 59.2% of total trades | 62.7% of buyers | 55.7% of sellers<br \/>\n <strong>Institutions<\/strong>: 40.8% of total trades | 37.3% of buyers | 44.3% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 52.05 (+1.23%)<br \/>\n <strong>Brent:<\/strong> USD 57.32 (+1.74%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 1.84 MMBtu, (+0.60%, March 2020 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,586.40 \/ troy ounce (+0.48%)<\/p>\n<p><strong>TASI:<\/strong> 7,874.41 (-0.52%) (YTD: -6.14%)<br \/>\n <strong>ADX:<\/strong> 5,037.46 (-0.56%) (YTD: -0.75%)<br \/>\n <strong>DFM:<\/strong> 2,733.72 (+0.14%) (YTD: -1.13%)<\/p>\n<p><strong>KSE Premier Market:<\/strong> 6,898.36 (-0.17%)<br \/>\n <strong>QE:<\/strong> 9,846.93 (-1.07%) (YTD: -5.55%)<br \/>\n <strong>MSM:<\/strong> 4,128.49 (+0.50%) (YTD: +3.70%)<br \/>\n <strong>BB: <\/strong>1,662.57 (+0.05%) (YTD: +3.25%)<\/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=\"569181\" 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\/16\/569181\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-569181\" class=\"content-area-description single-story post-569181 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>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>20 February (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/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>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 (Sunday): <a href=\"https:\/\/www.pdac.ca\/convention\/programming\/presentation-reception-rooms\/sessions\/presentation-reception-rooms\/egyptian-mining-day-(reception-room)\">Egyptian Mining Day<\/a>, Prospectors & Developers Association of Canada Convention, Toronto, Canada.<\/p>\n<p>1 March (Sunday): <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>24 September- 2 October (Thursday-Friday): <a href=\"http:\/\/elgounafilmfestival.com\/\">El Gouna Film Festival<\/a>, El Gouna, Egypt.<\/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>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>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":569147,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-569146","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"6dbf1d99-d4da-4534-b00a-b8a94c71f693","teaser":"","photo_url":"https:\/\/ent.news\/2020\/2\/197.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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