{"id":569492,"date":"2020-02-26T04:40:54","date_gmt":"2020-02-26T04:40:54","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=569492"},"modified":"2025-12-16T06:57:03","modified_gmt":"2025-12-16T06:57:03","slug":"former-president-hosni-mubarak-is-dead-at-age-91","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/former-president-hosni-mubarak-is-dead-at-age-91\/","title":{"rendered":"Former President Hosni Mubarak is dead at age 91"},"content":{"rendered":"<section id=\"569494\" 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=\"569494\">\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\/26\/what-were-tracking-on-26-february-2020\/\">\r\n                            What we\u2019re tracking on 26 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\/26\/what-were-tracking-on-26-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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His funeral and burial <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=25022020&amp;id=62eb41e7-cdeb-489f-8cfb-b4f712f37f62\">will take place today<\/a>, and the Mubarak family will be accepting condolences on Friday at the Mosheer Tantawy mosque. The former president\u2019s passing is leading the conversation on Egypt in the regional and foreign press this morning, and saw widespread coverage in the domestic press yesterday. We have the story in full in this morning\u2019s Speed Round, below.<\/p><p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>Shoukry heads to Washington for GERD talks \u2014 and Ethiopia decides to be a no-show:<\/strong> It appears Egypt, Ethiopia, and Sudan will not be reaching a final agreement over the Grand Ethiopian Renaissance Dam (GERD) by the end of the month as was previously hoped, with Ethiopia saying yesterday it would not be attending what was widely believed to be the final round of talks <a href=\"https:\/\/bit.ly\/2uzae3O\">over the dam<\/a>. Foreign Minister Sameh Shoukry is in Washington, DC today for the talks, which take place tomorrow and Friday, <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/photos\/a.825570437621323\/1519503084894718\/?type=3&amp;theater\">according to cabinet statement<\/a>.<\/p><hr class=\"grey-line\"><p><strong>Telecom Egypt will <\/strong><strong><a href=\"https:\/\/alborsaanews.com\/2020\/02\/25\/1300135\">meet today with financial advisors EFG Hermes and Citibank<\/a><\/strong> to discuss how it will respond to Saudi Telecom\u2019s planned <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ec10025b-169b-47c4-a0b7-a14f8b6618ee\">USD 2.4 bn acquisition of Vodafone Group\u2019s 55% stake in Vodafone Egypt<\/a>. TE, which holds the remaining 45% of the company, could stop what could be Egypt\u2019s largest M&amp;A transaction in its tracks if it <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4e59dc11-31e2-4460-946b-b7499a1a7735\">chooses to use its pre-emption rights<\/a> and make a counteroffer to purchase Vodafone Group\u2019s stake.<\/p><p><strong>The House Planning and Budgeting Committee is almost ready to pass the new <\/strong><strong>draft Customs Act<\/strong>, head of the Customs Authority El Sayed Kamal Negm said, <a href=\"https:\/\/bit.ly\/2VhxH4x\">according to Al Mal<\/a>. The new act would integrate the customs and customs exemption acts into one legislation and includes electronic documents submission and electronic signatures. The proposed Customs Act <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/19\/egypts-new-customs-act-expected-to-come-into-effect-in-1h2020-8760\/\">is expected to come into effect in 1H2020<\/a>, and would expedite clearance through a white list of importers, broaden the powers of customs clearance agents, and include customs breaks for local manufacturers, among other things.<\/p><p><strong>Our elected representatives will take a short recess until 8 March<\/strong>, <a href=\"http:\/\/bit.ly\/2w7tTbi\">reports Al Shorouk<\/a>. Committee-level meetings will continue as they normally would during the recess, but general assembly meetings will be on pause.<\/p><hr class=\"grey-line\"><p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>The EGP rally may push the government's fuel pricing committee to lower prices when it <\/strong><strong>meets next month<\/strong>, Oil Minister Tarek El Molla <a href=\"http:\/\/bit.ly\/2VorEeC\">hinted yesterday<\/a>. The EGP appreciation, alongside a trend that has seen global oil prices plummet since the covid-19 outbreak, could prompt cuts. The committee maintained prices for all grades when it held <a href=\"https:\/\/enterprise.press\/stories\/2019\/10\/07\/egypt-cuts-fuel-prices-for-first-time-since-2016\/\">its 1Q2020 meeting<\/a> under a new pricing mechanism which took hold <a href=\"https:\/\/enterprise.press\/stories\/2019\/01\/08\/govt-to-implement-fuel-pricing-mechanism-on-95-octane-gasoline-in-2q2019\/\">last year<\/a>.<\/p><p><strong>More favorable energy prices for factories -El Said: <\/strong>Manufacturers may also see be getting lower energy rates when another committee meets next month, said Planning and Economic Development Minister Hala El Said. The government recently set up a committee tasked with reviewing energy prices every six months. <a href=\"https:\/\/enterprise.press\/stories\/2019\/10\/07\/egypt-reduces-natural-gas-prices-for-three-types-of-factories\/\">In its first meeting last October<\/a>, the committee lowered the price of natural gas for the cement, metallurgy, and ceramics industries after repeated calls and lobbying efforts.<\/p><p><strong>President Abdel Fattah El Sisi has ratified amendments to the VAT Act raising the sin tax<\/strong><strong> on cigarettes and tobacco products<\/strong>, <a href=\"https:\/\/bit.ly\/2Tfq2AZ\">according to Masrawy<\/a>. The decision was published in the Official Gazette yesterday.<\/p><p><strong>The Egyptian Private Equity Association is holding its general assembly and a <\/strong><strong>networking event tonight<\/strong> at Nostalgia Ballroom at Le Pacha Boat 1901.<\/p><p>Coming up next week:<\/p><ul>\n<li><strong>Business Today\u2019s <\/strong><strong><a href=\"https:\/\/ent.news\/2020\/1\/BT100_Announcement-converted.pdf\">bt100 awards ceremony (pdf)<\/a><\/strong> takes place on Tuesday 3 March.<\/li>\n<li><strong>The two-day <\/strong><strong><a href=\"https:\/\/ent.news\/2019\/10\/Press-Release-26th-Annual-Women-Economic-Forum-March-2020-Cairo-Egypt.pdf\">Women Economic Forum (pdf)<\/a><\/strong> gets underway on Wednesday, 4 March in Cairo.<\/li>\n<li><strong>The Union of Arab Banks will hold a <\/strong><strong><a href=\"http:\/\/www.uabonline.org\/en\/events\/conferences\/chiefriskofficerscrosinarabbanks\/72792\/0\">three-day forum for risk officers<\/a><\/strong> on 6-8 March in Hurghada.<\/li>\n<li><strong><a href=\"https:\/\/www.ecrg.de\/en\/events\/196-international-investment-conference-suez-canal-economic-zone\">A one-day investment conference<\/a><\/strong><strong> for the Suez Canal Economic Zone<\/strong> will take place on Saturday, 7 March.<\/li>\n<\/ul><p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/Coronavirus-2-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/p><p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>CORONA WATCH-<\/strong> <strong>Oxford Economics predicts covid-19 outbreak might wipe out <\/strong><strong>more than USD 1 tn from global GDP<\/strong>, as the virus has claimed over 3k lives and infected over 80k people so far, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-02-25\/economists-start-to-war-game-pandemic-threat-to-global-growth?srnd=premium&amp;sref=mmeFTDW1\">according to Bloomberg<\/a>. An international health crisis could undercut global GDP due to workplace absenteeism, lower productivity, declining travel, disrupted supply chains, and reduced trade and investment.<\/p><p><strong>Are the IMF and WHO in covid-19 denial?<\/strong> The World Health Organization has said the virus outbreak is \u201cdeeply concerning\u201d but has still stopped short of deeming it a full-blown global pandemic, while the IMF thinks the virus will only force it to knock 0.1 percentage points from its 3.3% global growth forecast for 2020. S&amp;P <a href=\"https:\/\/www.spglobal.com\/ratings\/en\/research\/articles\/200204-coronavirus-impact-key-takeaways-from-our-articles-11337257\">said yesterday<\/a> it expected global growth to slow down by 0.3 percentage points this year as a result of the outbreak, with China\u2019s growth forecast reduced by 0.7 percentage points.<\/p><p><strong>The UAE and Turkey have placed restrictions on flights to Iran<\/strong>, which is emerging as the leading disperser of covid-19 in the Middle East with almost 100 cases, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-02-25\/u-a-e-halts-flights-to-iran-except-tehran-as-virus-cases-rise?srnd=premium-middle-east\">according to Bloomberg<\/a>.<\/p><p><strong>Bahrain has also halted flights from Dubai and Sharjah<\/strong>, where many Iranian travelers transit to reach Bahrain. Almost all of the cases in the GCC at present are believed to have an Iranian vector involved.<\/p><p><strong>Kuwait <\/strong><strong><a href=\"https:\/\/www.gov.uk\/foreign-travel-advice\/kuwait\/health\">has also decided<\/a><\/strong><strong> to refuse entry to individuals<\/strong> traveling from China, Singapore, Hong Kong, South Korea, Thailand, Italy, and Iran in a bid to curb the spread of the virus.<\/p><p><strong>US markets closed down sharply yesterday<\/strong>, with the S&amp;P500 shedding 3% and Asian markets are down again this morning, from China to Korea and Japan. Meanwhile, <strong>the yield on 10-year US treasuries hit a record low<\/strong>, with the WSJ noting that \u201cthe 10-year yield was pushed sharply lower by reports the coronavirus was spreading outside China.\u201d<\/p><p>US health officials have warned that the spread of the virus to America, with a top Center for Disease Control official saying yesterday that \u201c<strong>the current global circumstances suggest it is likely this virus will cause a pandemic<\/strong>\u201d that could present <a href=\"https:\/\/www.cnbc.com\/2020\/02\/25\/coronavirus-latest-updates.html\">\u201csevere\u201d disruptions to daily life<\/a>.<\/p><p><strong>Investors are offloading the World Bank\u2019s \u201cpandemic bonds\u201d<\/strong> amid expectations they will begin paying out to the countries affected by covid-19, <a href=\"https:\/\/www.ft.com\/content\/70dd05ac-54d8-11ea-8841-482eed0038b1\">according to the Financial Times<\/a>. These bonds were designed to pay out interest to investors until a pandemic hits (and some requirements, including a certain number of deaths in more than one country, are met), at which point the payments are made to the affected countries. The covid-19 outbreak has so far met most of these requirements, meaning investors won\u2019t be pocketing the double-digit returns on the bonds for much longer. While the instrument is meant to help curb these health disasters, the requirement that 12 weeks pass from the initial outbreak until funds are directed to the issue itself means the payout might be \u201ctoo little, too late.\u201d<\/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\/Mesca-1600px.png?ssl=1\" alt=\"enterprise\"><\/a><\/p><p><strong>The UAE is aiming to produce 44% of its energy from renewable sources<\/strong>, Energy Minister Suhail Al Mazrouei said without specifying a timeframe, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-02-25\/u-a-e-plans-for-44-of-energy-supply-to-come-from-renewables?srnd=premium-middle-east&amp;sref=mmeFTDW1\">according to Bloomberg<\/a>. However, he did specify that the country aims to capture 5 mn tons of carbon dioxide by 2030.<\/p><p><strong>S&amp;P downgrades Lebanon\u2019s credit rating as debt default is almost a sure thing at<\/strong><strong> this point:<\/strong> With a March 9 deadline to repay its USD 1.2 bn eurobond fast approaching, <a href=\"https:\/\/www.standardandpoors.com\/en_US\/web\/guest\/article\/-\/view\/type\/HTML\/id\/2386741\">S&amp;P Ratings says<\/a> Lebanon defaulting on the payment as all but a forgone conclusion. The ratings agency downgraded its long-term foreign and local currency sovereign debt ratings to CC from CCC, with a negative outlook. A default would be the first in Lebanon\u2019s history, but S&amp;P says it\u2019s also possible the government could restructure the debt through \u201can exchange offer swapping 2020 bonds for longer-dated securities,\u201d which the agency says it would view as \u201cdistressed and tantamount to default.\u201d<\/p><hr class=\"grey-line\"><p><strong>Knives out for Bernie and Bloomberg:<\/strong> The Democratic Debate in South Carolina wrapped up minutes before dispatch time, after more than two hours of the candidates collectively beating up on Senator Bernie Sanders in a bid to curb his momentum following a landslide win in the Nevada caucus. Michael Bloomberg also got some flak for his time as New York City mayor and \u201chis past support for Republicans,\u201d <a href=\"https:\/\/www.cbsnews.com\/live-updates\/democratic-debate-south-carolina-live-stream-cbs-news-2020-02-25\/\">CBS says<\/a>. The New York Times <a href=\"https:\/\/www.nytimes.com\/2020\/02\/25\/us\/politics\/democratic-debate-tonight-time.html\">has a blow-by-blow<\/a> of the debate and <a href=\"https:\/\/edition.cnn.com\/2020\/02\/25\/politics\/charleston-south-carolina-debate-fact-check\/index.html\">CNN has a fact-check<\/a> on all the candidates\u2019 statements.<\/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 sat down with East Port Said Development\u2019s commercial director, Shahira El Fiky, for a chat on the new agreement signed with Banque Misr for EPD\u2019s East Port Said Industrial Zone, the type of international and domestic businesses that might be attracted to what hopes to become a premier manufacturing and export hub, and the impact the covid-19 virus is having on the business.<\/p><p><strong>PSA- Torrential rains now past, we look set to enjoy our customary three weeks of spring:<\/strong> The next few days should bring us milder weather in the capital city, with daytime temperatures sitting between 21-23\u00b0C until Friday, when the mercury looks set to spike to 26\u00b0C. The evenings will remain chilly at 11-12\u00b0C, according to <a href=\"http:\/\/ema.gov.eg\/pdf\/4df.png\">the meteorological authority<\/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\/aviation\/\">aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/bahrain\/\">Bahrain<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/budgeting-and-planning-committee\/\">Budgeting and Planning Committee<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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Representatives<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/imf\/\">IMF<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/iran\/\">Iran<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/legislation\/\">legislation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/renewable-energy\/\">renewable energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sameh-shoukry\/\">Sameh Shoukry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-bank\/\">World Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-health-organization\/\">World Health Organization<\/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=\"569495\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<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\/26\/last-nights-talk-shows-for-wednesday-26-february-2020\/\">\r\n                            Last night\u2019s talk shows for Wednesday, 26 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\/26\/last-nights-talk-shows-for-wednesday-26-february-2020\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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href=\"https:\/\/api.whatsapp.com\/send?text=Last+night%E2%80%99s+talk+shows+for+Wednesday%2C+26+February+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F02%2F26%2Flast-nights-talk-shows-for-wednesday-26-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\/26\/last-nights-talk-shows-for-wednesday-26-february-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-569496\" class=\"content-area-description single-story post-569496 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-covid-19 tag-enterprise-last-nights-talk-shows tag-enterpriseam tag-hosni-mubarak tag-manufacturing tag-politics wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The death of former President Hosni Mubarak dominated both broadcast and print media<\/strong>, with the talking heads collectively celebrating the ousted leader as a war hero. Among those taking note: Al Hayah Al Youm\u2019s Lobna Assal (<a href=\"https:\/\/www.youtube.com\/watch?v=8bwDa6G23U4&feature=youtu.be\">watch, runtime: 2:25<\/a>), Masaa DMC\u2019s Ramy Radwan (<a href=\"https:\/\/youtu.be\/zQNe_8pps74\">watch, runtime: 7:09<\/a>), Min Masr\u2019s Amr Khalil and Riham Ibrahim (<a href=\"https:\/\/www.youtube.com\/watch?v=2WZ5QDg4YnI&feature=youtu.be\">watch, runtime: 4:06<\/a>), and Yahduth Fi Misr\u2019s Sherif Amer (<a href=\"https:\/\/youtu.be\/59dq2m35Ioc\">watch, runtime: 8:04<\/a>). Amer spoke to political pundit Abdel Moneim Said for analysis of the final years in power that led to the 2011 ouster and Khalil dedicated a significant segment to recap Mubarak\u2019s professional history (<a href=\"https:\/\/youtu.be\/l0ygi7DjZKQ\">watch, runtime: 20:19<\/a>). We have chapter and verse in this morning\u2019s Speed Round, below.<\/p>\n<p><strong>Commentary on covid-19:<\/strong> If China resumes its exports to the world, the extent of the outbreak\u2019s effect on the global economy would significantly ease, Egyptian-Chinese Business Council deputy head Mostafa Ibrahim said on Min Masr (<a href=\"https:\/\/www.youtube.com\/watch?v=zgBN21K9EdU\">watch, runtime: 3:09<\/a>). Importers can look for alternatives, but they are unlikely to be as cost effective and in line with Chinese specifications, Ibrahim says.<\/p>\n<p><strong>China exports 70% of global industrial needs<\/strong>, and as a result of factories shutting down in the Asian country, investors are selling manufacturing stocks and turning to gold as a safe haven asset, deputy head of the Federation of Egyptian Industries\u2019 gold division separately told Khalil (<a href=\"https:\/\/youtu.be\/lH4xRqu4tz4\">watch, runtime: 28:24<\/a>).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/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\/hosni-mubarak\/\">Hosni Mubarak<\/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\/politics\/\">politics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"569497\" 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=\"569497\">\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\/26\/egypts-former-president-hosni-mubarak-passes-away-age-91\/\">\r\n                            Egypt\u2019s former president Hosni Mubarak passes away, age 91                        <\/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\/26\/egypts-former-president-hosni-mubarak-passes-away-age-91\/\" 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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State TV also reported the news in the early afternoon. He had <a href=\"https:\/\/apnews.com\/adf9e951a89deec8d21cf15072f62684\">undergone surgery<\/a> earlier this month, after which <a href=\"https:\/\/twitter.com\/AlaaMubarak_\/status\/1220683731171717122\">Alaa said<\/a> he was in \u201cstable condition,\u201d but later said the former president <a href=\"https:\/\/twitter.com\/AlaaMubarak_\/status\/1231190818893049857\">was in the ICU<\/a>. He is survived by his wife, Suzanne Thabet, and sons Gamal and Alaa.<\/p>\n<p><strong>Condolences began rolling in shortly after confirmation of Mubarak\u2019s passing<\/strong>, with <a href=\"http:\/\/bit.ly\/2SYzbza\">Ittihadiya<\/a>, <a href=\"http:\/\/bit.ly\/2SVPE74\">cabinet<\/a>, and the <a href=\"https:\/\/bit.ly\/2SZFGSk\">Armed Forces<\/a> leading the way. Israeli Prime Minister Benjamin Netanyahu and Palestinian President both issued statements, according to <a href=\"https:\/\/apnews.com\/31a1b4b39ce653bc3ec5c8bd1d95493a\">the Associated Press<\/a>. The leaders of Saudi Arabia, Bahrain, the UAE, and <a href=\"https:\/\/bit.ly\/37Wmwkh\">Kuwait<\/a> also offered their condolences, <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/364121\/Egypt\/Politics-\/Regional-leaders-mourn-death-of-former-Egyptian-pr.aspx\">Ahram Online reports<\/a>.<\/p>\n<p><strong>A polarizing figure in politics since his departure from the scene, Mubarak\u2019s economic legacy is mixed<\/strong><strong>.<\/strong> While he\u2019s generally seen as having paid scant attention to the economy in the 1980s (other than continuing Sadat\u2019s Open Door policy), the long-serving president negotiated debt forgiveness and structural adjustment program that got it IMF backing and convinced the Paris Club of creditors in 1991 to forgive half of the country\u2019s USD 20 bn in debt at the time. Later that decade, Mubarak\u2019s administration brough the stock exchange back to life and gradually created room for the private sector to flourish as it moved ahead with privatization programs, tried to trim red tape, and sought to clarify tariffs and taxes. That process culminated in the appointment of the reformist Prime Minister Ahmed Nazif, who presided over a period of sustained economic growth in the late 2000s. <strong>Mubarak also funded and refused to rationalize a subsidy program whose ruinous energy subsidies were at the root of the economic crisis <\/strong>that took hold in the years since the 2011 revolution that toppled him.<\/p>\n<p><strong>The domestic and regional press gave the former president\u2019s death plenty of attention<\/strong>, with state-owned Al Ahram and Al Gomhuria carrying positive commentary on Mubarak\u2019s time in office, including from NDP-era House Speaker <a href=\"http:\/\/gate.ahram.org.eg\/News\/2376303.aspx\">Ahmed Fathy Sorour<\/a>, political commentator <a href=\"https:\/\/bit.ly\/37VX8et\">Mostafa El Fekki<\/a>, and former presidential candidate <a href=\"https:\/\/bit.ly\/2w5al7w\">Ahmed Shafik<\/a>, among many others. Op-eds remembering Mubarak in a widely positive light were also published in Asharq Al Awsat (<a href=\"https:\/\/bit.ly\/32sCDoP\">here<\/a> and <a href=\"https:\/\/bit.ly\/2Ppxzwa\">here<\/a>), Al Masry Al Youm (<a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1474970\">here<\/a>, <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1474990\">here<\/a>, and <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1475004\">here<\/a>) and <a href=\"https:\/\/www.shorouknews.com\/columns\/view.aspx?cdate=25022020&id=4e79b157-d49e-4fca-a88d-8a127d8b278f\">Al Shorouk<\/a>.<\/p>\n<p><strong>The foreign press was all over the story<\/strong>, with some carrying customary obits and others taking a crack at commenting on his reign \u2014 and if the domestic press was mostly laudatory, the international press has taken a more commentary-laden approach to assess Mubarak\u2019s legacy. The <a href=\"https:\/\/apnews.com\/31a1b4b39ce653bc3ec5c8bd1d95493a\">Associated Press<\/a>, <a href=\"https:\/\/www.reuters.com\/article\/us-egypt-mubarak\/mubarak-the-pharaoh-toppled-by-the-arab-spring-dies-at-91-idUSKCN20J1FV\">Reuters<\/a>, the <a href=\"https:\/\/www.ft.com\/content\/46c0168e-57c0-11ea-abe5-8e03987b7b20\">Financial Times<\/a>, the <a href=\"https:\/\/www.wsj.com\/articles\/hosni-mubarak-ex-egyptian-autocrat-ousted-in-popular-uprising-dies-11582630185?mod=searchresults&page=1&pos=1\">Wall Street Journal<\/a>, and <a href=\"https:\/\/www.dw.com\/en\/egypts-former-president-hosni-mubarak-dies\/a-52523010\">Deutsche Welle<\/a> took the basic factual route in reporting the former president\u2019s death. The New York Times also was out with a video obituary recapping his presidency, ouster, and trials (<a href=\"https:\/\/www.nytimes.com\/video\/world\/middleeast\/100000001617076\/hosni-mubarak-obituary-legacy-of-forced-stability.html?playlistId=video\/obits\">watch, runtime: 4:51<\/a>), while former Cairo bureau chief Michael Slackman turned in the paper\u2019s <a href=\"https:\/\/www.nytimes.com\/2020\/02\/25\/world\/africa\/hosni-mubarak-dead.html\">official obituary<\/a>, likening Mubarak to a \u201cmodern day Pharaoh\u201d whose place in history was \u201cupended.\u201d Other outlets, including <a href=\"https:\/\/www.theguardian.com\/world\/2020\/feb\/25\/hosni-mubarak-egyptian-president-ousted-during-arab-spring-dies-at-91\">the Guardian<\/a>, <a href=\"https:\/\/foreignpolicy.com\/2020\/02\/25\/hosni-mubarak-egypt-death-obituary\/\">Foreign Policy<\/a>, <a href=\"https:\/\/www.economist.com\/middle-east-and-africa\/2020\/02\/25\/hosni-mubarak-ex-despot-of-egypt-died-on-february-25th-aged-91\">the Economist<\/a> dissected the former president\u2019s economic and political legacy, saying he was responsible for ushering in an era of economic growth that was undermined by low living standards, corruption, and political repression. Typical of commentary from the think tank set is the US think tank <a href=\"https:\/\/www.brookings.edu\/blog\/order-from-chaos\/2020\/02\/25\/hosni-mubaraks-risk-averse-reign-brought-egypt-to-calamity\/\">Brookings<\/a>. The <a href=\"https:\/\/www.nytimes.com\/2020\/02\/25\/world\/middleeast\/mubarak-legacy-egypt.html?searchResultPosition=2\">New York Times\u2019<\/a> Declan Walsh and Nada Rashwan, the <a href=\"https:\/\/www.washingtonpost.com\/opinions\/2020\/02\/25\/hosni-mubaraks-death-evokes-paradox-pain-middle-east\/\">Washington Post\u2019s<\/a> David Ignatius, and <a href=\"https:\/\/www.reuters.com\/article\/us-egypt-mubarak-breakingviews\/breakingviews-mubaraks-downfall-taught-egypts-sisi-key-lessons-idUSKBN20J23K\">Reuters Breakingviews\u2019<\/a> Ed Cropley also offer their two cents on the lessons Mubarak leaves behind for contemporary Egypt.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hosni-mubarak\/\">Hosni Mubarak<\/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=\"569510\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"569511\" 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=\"569511\">\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\/26\/egypt-in-the-news-on-26-february-2020\/\">\r\n                            Egypt in the News on 26 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\/26\/egypt-in-the-news-on-26-february-2020\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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26 February 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/02\/26\/egypt-in-the-news-on-26-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\/26\/egypt-in-the-news-on-26-february-2020\/&title=Egypt in the News on 26 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+26+February+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F02%2F26%2Fegypt-in-the-news-on-26-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\/26\/egypt-in-the-news-on-26-february-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-569511\" class=\"content-area-description single-story post-569511 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-egypt-in-the-news tag-enterpriseam tag-film tag-religion wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Foreign press coverage of Egypt is squarely focused this morning on former president <\/strong><strong>Hosni Mubarak\u2019s death.<\/strong> We have the full story in Speed Round, above.<\/p>\n<p>Other headlines to skim:<\/p>\n<ul>\n<li><strong>The story of the three Jewish brothers who introduced animation in Egypt and the Arab world<\/strong> is now being told through a new documentary, <a href=\"https:\/\/www.tabletmag.com\/jewish-arts-and-culture\/299245\/the-jewish-disney-family-of-egypt\">according to Tablet Magazine<\/a>.<\/li>\n<li><a href=\"https:\/\/www.thetimes.co.uk\/article\/100m-reasons-to-worry-as-egypts-birth-rate-soars-and-resources-dwindle-760p6rt8w\">The Times<\/a> has a recap of why <strong>Egypt\u2019s soaring population is cause for concern<\/strong>.<\/li>\n<li><strong>Egyptian novelist and journalist Ahdaf Soueif<\/strong> was profiled <a href=\"https:\/\/www.thenational.ae\/arts-culture\/books\/ahdaf-soueif-on-documenting-egypt-s-uprisings-writing-the-revolution-was-part-of-living-the-revolution-1.984509\">by the National<\/a>.<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/film\/\">film<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/religion\/\">Religion<\/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=\"569512\" 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=\"569512\">\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\">Worth watching<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/26\/coronavirus-test-kits-are-proving-unreliable-in-light-of-recent-outbreaks\/\">\r\n                            Coronavirus test kits are proving unreliable in light of recent outbreaks                        <\/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\/26\/coronavirus-test-kits-are-proving-unreliable-in-light-of-recent-outbreaks\/\" 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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size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"569513\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/26\/coronavirus-test-kits-are-proving-unreliable-in-light-of-recent-outbreaks\/338-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/2\/338.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"338.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/2\/338.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/2\/338.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-569512\" class=\"content-area-description single-story post-569512 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-watching tag-covid-19 tag-enterpriseam tag-worth-watching wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Covid-19 test kits apparently aren\u2019t always 100% reliable, which is compounding the <\/strong><strong>problem of its spread across continents<\/strong>, the Wall Street Journal says in this explainer video (<a href=\"https:\/\/www.wsj.com\/video\/how-coronavirus-test-kits-work\/1FB97E01-334E-416A-B1EE-E62DB492560C.html?mod=trending_now_video_pos2\">watch, runtime: 03:37<\/a>). There are several factors and variables that can affect the test kits\u2019 efficiency in delivering accurate results, such as how the swab is inserted into your nose or throat and how long the samples take to arrive at the lab, says Singaporean biomedical research lab Biopolis CEO Sidney Yee. Results could also be affected by which stage the virus is at, Yee explains. Medical professionals are now using other diagnostic methods, including chest scans, concurrently with the test kits to yield more conclusive results.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/worth-watching\/\">worth watching<\/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=\"569514\" 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=\"569514\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/26\/egypt-south-korea-mull-economic-partnerships\/\">\r\n                            Egypt, South Korea mull economic partnerships                        <\/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\/26\/egypt-south-korea-mull-economic-partnerships\/\" 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\/26\/egypt-south-korea-mull-economic-partnerships\/')\">\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\/26\/egypt-south-korea-mull-economic-partnerships\/\">\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, South Korea mull economic partnerships&url=https:\/\/enterpriseam.com\/egypt\/2020\/02\/26\/egypt-south-korea-mull-economic-partnerships\/\">\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\/26\/egypt-south-korea-mull-economic-partnerships\/&title=Egypt, South Korea mull economic partnerships\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt%2C+South+Korea+mull+economic+partnerships+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F02%2F26%2Fegypt-south-korea-mull-economic-partnerships%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\/26\/egypt-south-korea-mull-economic-partnerships\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-569514\" class=\"content-area-description single-story post-569514 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-diplomacy tag-diplomacy-foreign-trade tag-enterpriseam tag-manufacturing tag-nevine-gamea wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Egypt, South Korea mull economic partnerships: <\/strong>Egypt and South Korea have set up a joint expert to committee to explore potential trade and manufacturing, oil and gas, ICT, education, and SME partnerships, Trade Minister Nevine Gamea said following a meeting with a Korean business delegation headed by her Korean counterpart, Yoo Myung-hee, <a href=\"http:\/\/bit.ly\/391ki4n\">according to Al Shorouk<\/a>. The two governments are already in talks to manufacture agricultural equipment for Egypt, Gamea said.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy-foreign-trade\/\">Diplomacy + Foreign Trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/nevine-gamea\/\">Nevine Gamea<\/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=\"569518\" 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=\"569518\">\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\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/26\/the-market-yesterday-38\/\">\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\/26\/the-market-yesterday-38\/\" 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\/26\/the-market-yesterday-38\/')\">\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\/26\/the-market-yesterday-38\/\">\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\/26\/the-market-yesterday-38\/\">\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\/26\/the-market-yesterday-38\/&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%2F26%2Fthe-market-yesterday-38%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\/26\/the-market-yesterday-38\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-569518\" class=\"content-area-description single-story post-569518 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 15.52 Sell 15.62<\/p>\n<p> <strong>EGP \/ USD at CIB:<\/strong> Buy 15.51 | Sell 15.61<br \/>\n <strong>EGP \/ USD at NBE: <\/strong>Buy 15.51 | Sell 15.61<\/p>\n<p><strong>EGX30<\/strong> (Tuesday): 13,328 (-0.9%)<br \/>\n <strong>Turnover:<\/strong> EGP 595 mn (3% above the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: -4.5%<\/p>\n<p><strong>THE MARKET ON TUESDAY:<\/strong> The EGX30 ended Tuesday\u2019s session down 0.9%. CIB, the index\u2019s heaviest constituent, ended down 1.4%. EGX30\u2019s top performing constituents were Dice up 7.7%, SODIC up 2.3%, and Madinet Nasr Housing up 2.3%. Yesterday\u2019s worst performing stocks were EFG Hermes down 2.8%, Egyptian Resorts down 2.6% and Eastern Company down 1.7%. The market turnover was EGP 595 mn, and foreign investors were the sole net sellers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Short | EGP -55.9 mn<br \/>\n <strong>Regional<\/strong>: Net Long | EGP +9.8 mn<br \/>\n <strong>Domestic<\/strong>: Net Long | EGP +46.1 mn<\/p>\n<p><strong>Retail<\/strong>: 52.5% of total trades | 56.1% of buyers | 49.0% of sellers<br \/>\n <strong>Institutions<\/strong>: 47.5% of total trades | 43.9% of buyers | 51.0% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 50.31 (+0.82%)<br \/>\n <strong>Brent:<\/strong> USD 55.35 (+0.73%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 1.84 MMBtu (-0.38%, March 2020 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,641.40 \/ troy ounce (-0.52%)<\/p>\n<p><strong>TASI:<\/strong> 7,758.15 (+0.14%) (YTD: -7.52%)<br \/>\n <strong>ADX:<\/strong> 4,936.37 (+0.11%) (YTD: -2.75%)<br \/>\n <strong>DFM:<\/strong> 2,673.03 (-0.86%) (YTD: -3.32%)<br \/>\n <strong>KSE Premier Market:<\/strong> 6,730.18 (-1.73%)<br \/>\n <strong>QE:<\/strong> 9,703.88 (-0.68%) (YTD: -6.92%)<br \/>\n <strong>MSM:<\/strong> 4,128.69 (-0.67%) (YTD: +3.70%)<br \/>\n <strong>BB: <\/strong>1,660.44 (+0.01%) (YTD: +3.12%)<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-market-yesterday\/\">The Market Yesterday<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"569519\" 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\/26\/569519\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-569519\" class=\"content-area-description single-story post-569519 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>23-29 February (Sunday-Saturday): 20 Egyptian companies <a href=\"http:\/\/bit.ly\/2P0fnJc\">will participate<\/a> in the \u201cEgyptian Trade Week\u201d in Kampala, Uganda.<\/p>\n<p>28-29 February (Friday-Saturday): <a href=\"http:\/\/bit.ly\/32gL3iK\">Egypt Career Summit<\/a>, The Greek Campus, Cairo, Egypt.<\/p>\n<p>March: An international conference <a href=\"http:\/\/bit.ly\/39FeKfU\">to market investment prospects<\/a> in the Suez Canal Economic Zone.<\/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>March: The French Chamber of Commerce and Industry is sending <a href=\"https:\/\/alborsaanews.com\/2020\/02\/25\/1300124\">10 French companies<\/a> to Egypt to promote French tourists to visit<\/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 (Friday-Sunday): <a href=\"http:\/\/www.uabonline.org\/en\/events\/conferences\/chiefriskofficerscrosinarabbanks\/72792\/0\">Arab Banking Forum<\/a>, 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): <a href=\"https:\/\/www.ecrg.de\/en\/events\/196-international-investment-conference-suez-canal-economic-zone\">International Investment Conference for the Suez Canal Economic Zone<\/a>, 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>24 March (Tuesday): <a href=\"https:\/\/hapijournal.com\/2020\/02\/23\/%e2%80%aa%d8%a7%d9%86%d8%b7%d9%84%d8%a7%d9%82-%d8%a7%d9%84%d9%82%d9%85%d8%a9-%d8%a7%d9%84%d8%b3%d9%86%d9%88%d9%8a%d8%a9-%d9%84%d9%84%d8%b5%d8%a7%d8%af%d8%b1%d8%a7%d8%aa-24-%d9%85%d8%a7%d8%b1%d8%b3\/\">The Annual Export Summit<\/a>, Cairo, 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>9 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>12 April (Sunday): <a href=\"https:\/\/ent.news\/2020\/2\/240116_1.pdf\">Court session for Amer Group<\/a>, Porto Group compensation claim against Antaradous<\/p>\n<p>19 April (Sunday): <a href=\"https:\/\/ent.news\/2020\/2\/%D8%A7%D8%B1%D8%A7%D8%A8%D9%8A%D8%A7-24-2-2020.pdf\">Court session for Arabia Investments Holdings\u2019<\/a> <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>.<\/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 May (Saturday): An administrative court will look into an appeal by steel rolling mills to overturn a government\u2019s decision to place import tariffs on steel rebar and iron billets. The hearing <a href=\"http:\/\/bit.ly\/32gKHbU\">was postponed<\/a> from 22 February 2020.<\/p>\n<p>23-26 May (Saturday-Tuesday): Eid El Fitr (TBC).<\/p>\n<p>4-6 June (Thursday-Saturday): <a href=\"https:\/\/sommetafriquefrance202a0.org\/en\/\">2020 Africa-France Summit<\/a>, Bordeaux, France.<\/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\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":569493,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-569492","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"7a2e6801-aaa1-40a1-8359-39e767fa3e39","teaser":"","photo_url":"https:\/\/ent.news\/2020\/2\/333.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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