{"id":569569,"date":"2020-03-01T05:01:50","date_gmt":"2020-03-01T05:01:50","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=569569"},"modified":"2025-12-16T07:00:02","modified_gmt":"2025-12-16T07:00:02","slug":"global-markets-in-correction-territory-on-covid-19-fears-four-cases-have-egypt-links","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/global-markets-in-correction-territory-on-covid-19-fears-four-cases-have-egypt-links\/","title":{"rendered":"Global markets in correction territory on covid-19 fears, four cases have Egypt links"},"content":{"rendered":"<section id=\"569571\" 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=\"569571\">\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\/03\/01\/what-were-tracking-on-1-march-2020-2\/\">\r\n                            What we\u2019re tracking on 1 March 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\/03\/01\/what-were-tracking-on-1-march-2020-2\/\" 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\/03\/01\/what-were-tracking-on-1-march-2020-2\/')\">\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\/03\/01\/what-were-tracking-on-1-march-2020-2\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=What we\u2019re tracking on 1 March 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/03\/01\/what-were-tracking-on-1-march-2020-2\/\">\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\/03\/01\/what-were-tracking-on-1-march-2020-2\/&title=What we\u2019re tracking on 1 March 2020\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=What+we%E2%80%99re+tracking+on+1+March+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F03%2F01%2Fwhat-were-tracking-on-1-march-2020-2%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\/03\/01\/what-were-tracking-on-1-march-2020-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-569571\" class=\"content-area-description single-story post-569571 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-amazon tag-aviation tag-central-bank-of-egypt tag-china tag-covid-19 tag-debt tag-egyptair tag-enterpriseam tag-equities tag-microsoft tag-opec tag-russia tag-saudi-arabia tag-treasuries tag-umrah tag-us tag-world-health-organization wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The story of the day is clearly the global spread of the covid-19 virus. <\/strong>Fears it will tip developed economies into recession and curb corporate earnings for at least the current quarter saw global markets collectively have their worst week since the 2008 financial crisis \u2014 US markets are now in a correction, defined as 10% down from a recent high, and reached that point \u201cat unprecedented speed,\u201d the <a href=\"https:\/\/www.wsj.com\/articles\/more-markets-head-toward-correction-territory-as-coronavirus-spooks-investors-11582864550\">Wall Street Journal<\/a> notes. A number of Asian markets are also now in correction territory.<\/p>\n<p><strong>Industry conferences are being cancelled worldwide<\/strong>, airlines are still cancelling routes (the most recent saw American Airlines halt flights to Milan) and large gatherings are being banned as the virus has now taken root in nearly 60 countries, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-02-29\/investors-cast-wary-eye-on-market-open-with-bad-news-piling-up?srnd=premium-middle-east\">leaving market watchers wary<\/a> of what will happen in global markets reopen tomorrow.<\/p>\n<p><strong>Closer to home: At least four covid-19 cases have Egypt links<\/strong>, but it\u2019s unclear whether the patients (two in France, one in Canada and one in Taiwan) contracted the virus in Egypt, or came here infected and asymptomatic before testing positive after returning home.<\/p>\n<p><strong>We have chapter and verse on the story<\/strong> in this morning\u2019s Speed Round, below.<\/p>\n<p><strong>What can you do to keep yourself and your family safe?<\/strong><\/p>\n<ul>\n<li>Wash your hands \u2014 frequently;<\/li>\n<li>Make a concerted effort to stop touching your face;<\/li>\n<li>Don\u2019t go to work if you have a fever (or a cough) \u2014 does your company have a remote-work policy?;<\/li>\n<li>No more shaking hands or hugs as greetings for the next little while;<\/li>\n<li>Keep at least a one-month supply of any necessary medications on hand;<\/li>\n<li>Figure out what your childcare plan might be if schools were to be closed for period of time.<\/li>\n<\/ul>\n<hr class=\"grey-line\">\n<p><strong>With the beginning of a new month<\/strong>, here are the regularly scheduled news triggers to keep your eye on:<\/p>\n<ul>\n<li><strong>PMI figures for Egypt,<\/strong> Saudi Arabia and the UAE will land on Tuesday, 3 March.<\/li>\n<li><strong>Foreign reserves figures for February<\/strong> will be released on Wednesday, 4 March.<\/li>\n<li><strong>Inflation figures for February<\/strong> are out on Tuesday, 10 March.<\/li>\n<\/ul>\n<p>Coming up this week:<\/p>\n<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, 21 March.<\/li>\n<\/ul>\n<p><strong>CBE sells only half of t-bills on<\/strong><strong> offer as investors seek higher yield:<\/strong> The Central Bank of Egypt (CBE) sold EGP 4.95 bn of six-month treasury bills in an auction on Thursday \u2014 less than half of the EGP 10 bn on offer, according to official data. The central bank also fell short in an auction of one-year bills, selling EGP 6.74 bn of EGP 10.5 bn on offer.<\/p>\n<p><strong>It\u2019s all about the yields:<\/strong> The six-month bills carried an average yield of 14.33% against 14.45% average requested by investors. In the one-year offering, investors asked for an average yield of 14.20% and CBE only accepted bids with an average interest of 14.08%. The accepted bids in both tranches are higher than the average return in a similar auction last week, up by 52 bps for the six-month bills and by 22 bps on the one-years. The CBE will offer EGP 4 bn of three-month bills and EGP 10.5 bn of nine-month bills today.<\/p>\n<p class='web-image stand-out-borderless' ><a href='http:\/\/somabay.com\/'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/2\/Mesca-1600px.png?ssl=1\" alt='enterprise'><\/a><\/p>\n<p><strong>Biden rescues campaign with decisive win in South Carolina primary:<\/strong> Joe Biden looks set to be the overwhelming winner in yesterday\u2019s South Carolina primary in a victory that could help him recover from early losses in Iowa and New Hampshire. At the time of dispatch, Biden had secured 48.7% of the vote with Senator Bernie Sanders in a distant second with 19.9%. The win will probably not be enough for Biden to surpass Sanders in the overall delegate count but will give his campaign much-needed momentum going into Super Tuesday, when almost 1,400 delegates will be awarded across 14 states.<\/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\/amazon\/\">Amazon<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/central-bank-of-egypt\/\">Central Bank of Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n       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data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"569573\" 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=\"569573\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/01\/covid-19-in-egypt-gerd-talks-dominate-egypts-talk-shows\/\">\r\n                            Covid-19 in Egypt, GERD talks dominate Egypt\u2019s talk shows                        <\/a>\r\n                   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class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Hurghada Airport is prepared for covid-19:<\/strong> Al Hayah Al Youm\u2019s Lobna Assal discussed Prime Minister Moustafa Madbouly\u2019s visit to the quarantine facilities at the airport <a href=\"https:\/\/www.youtube.com\/watch?v=XUQpfR2gNoQ\">(watch, runtime: 2:32)<\/a>, part of a wider trip to governorate. He commented on the French Health Ministry\u2019s announcement on two tourists infected with covid-19 who were in Egypt, noting that they were on tourist visas and no longer here. He added that the hotel they were staying at, its workers, and the tourist group they associated with had all been inspected. We have more on this in this morning\u2019s Speed Round, below.<\/p>\n<p><strong>Never mind the masks? <\/strong>El Hosary spoke with Cabinet Spokesman Nader Saad by phone, who said that Egypt has the capabilities to detect \u201cany person\u201d infected with covid-19. He added that parents shouldn't panic and that there was no need to compel children to wear surgical masks, which he added would only cause a mask shortage and raise prices <a href=\"https:\/\/www.youtube.com\/watch?v=Cel5AKz9cck\">(watch, runtime: 17:10)<\/a>.<\/p>\n<p>(On that front, Saad\u2019s comments exactly echo those of the US Surgeon General, who took to Twitter on the weekend to declare \u201cSeriously people \u2014 STOP BUYING MASKS. They are NOT effective in preventing general public from catching #Coronavirus, but if health care providers can\u2019t get them to care for sick patients, it puts them and our communities at risk.)<\/p>\n<p><strong>Covid-19 will likely strike Egypt:<\/strong> El Hekaya\u2019s Amr Adib spoke with Health Minister Hala Zayed by phone. The minister noted that none of the four cases flagged by other governments were still in Egypt and said their places of residence during their time here have been \u201cinspected\u201d <a href=\"https:\/\/www.youtube.com\/watch?v=v9fTEbWmEIo\">(watch, runtime: 3:17)<\/a>. She added, however, that no country is immune to an outbreak and that while precautionary measures were in place there is still a \u201chigh probability\u201d that the virus will arrive in Egypt. Min Masr\u2019s Amr Khalil <a href=\"https:\/\/www.youtube.com\/watch?v=BnApfwSpB_o\">(watch, runtime: 11:50)<\/a>, <a href=\"https:\/\/www.youtube.com\/watch?v=rzbI-WFQmnU\">(watch, runtime: 2:22)<\/a> also covered the story.<\/p>\n<p><strong>Ethiopia's GERD no-show not well received:<\/strong> Masaa DMC\u2019s Eman El Hosary spoke of Ethiopia\u2019s \u201cunjustified absence \u2026 at this crucial stage\u201d of talks about the Grand Ethiopia Renaissance Dam in Washington, DC <a href=\"https:\/\/www.youtube.com\/watch?v=En0X-ugv3FA&t=623s\">(watch, runtime: 13:12)<\/a>, <a href=\"https:\/\/www.youtube.com\/watch?v=En0X-ugv3FA&t=623s\">(watch, runtime: 13:12)<\/a>. She referred to the Foreign Affairs Ministry\u2019s latest statement on the GERD\u2019s filling and operating agreement signed on March 23, 2015. She said that Egypt showing up to sign conveyed \u201cseriousness in achieving goals and objectives\u201d and hoped Sudan and Ethiopia would do the same. Al Hayah Al Youm\u2019s Lobna Assal <a href=\"https:\/\/www.youtube.com\/watch?v=uBEGQEPnTrA\">(watch, runtime: 6:26)<\/a> also discussed Ethiopia\u2019s absence from the latest round of talks.<\/p>\n<p><strong>Ethiopia out of line?<\/strong> El Hekaya\u2019s Amr Adib took it a step further by saying Ethiopia had for the first time in nine years of dam negotiations demonstrated \u201cclear antagonism\u201d with its absence from the talks and request for further review <a href=\"https:\/\/www.youtube.com\/watch?v=kyySd-StaYg\">(watch, runtime: 2:26)<\/a>, <a href=\"https:\/\/www.youtube.com\/watch?v=trocuUIZXLs\">(watch, runtime: 6:00)<\/a>. He lauded the US Treasury department for insisting that the talks were \u201cno joke,\u201d and stressing that it was \u201cnot permissible\u201d that Ethiopia proceed with plans to begin filling the dam\u2019s reservoir in June until it had signed the agreement with Egypt and Sudan <a href=\"https:\/\/www.youtube.com\/watch?v=YJL_sxNUpKs\">(watch, runtime: 14:19)<\/a>. Again, we have the full story in Speed Round, below.<\/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\/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\/france\/\">France<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/health-minister-hala-zayed\/\">Health Minister Hala Zayed<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/madbouly-cabinet\/\">Madbouly Cabinet<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/prime-minister-moustafa-madbouly\/\">Prime Minister Moustafa Madbouly<\/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=\"569574\" 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=\"569574\">\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\/03\/01\/four-new-covid-19-cases-linked-to-egypt\/\">\r\n                            Four new covid-19 cases linked to Egypt                        <\/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\/03\/01\/four-new-covid-19-cases-linked-to-egypt\/\" 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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A fourth Taiwanese person who had travelled to Egypt and the UAE <a href=\"https:\/\/www.reuters.com\/article\/us-china-health-taiwan\/taiwan-reports-five-new-coronavirus-cases-total-at-39-idUSKBN20N09C\">was reported to have tested positive<\/a> for covid-19 yesterday.<\/p>\n<p><strong>It remains unclear where the individuals were infected:<\/strong> The World Health Organization <a href=\"http:\/\/bit.ly\/2TbwiuF\">said in a statement<\/a> that none of them exhibited any symptoms while passing through entry points, and that only a small percentage of cases are discovered even if examination procedures are in place.<\/p>\n<p><strong>The tourists didn\u2019t necessarily pick up the virus from Egypt,<\/strong> Health Minister Hala Zayed told El Hekaya\u2019s Amr Adib yesterday (<a href=\"https:\/\/www.youtube.com\/watch?v=v9fTEbWmEIo\">watch, runtime: 3:17<\/a>). Egypt has taken all necessary precautions and medical teams have examined their places of residence, she said.<\/p>\n<p><strong>Egypt takes preventive measures in airports:<\/strong> Egypt is buying 20 thermal screening gates to be placed in airports to help measure the temperature of passengers arriving on flights, said health ministry spokesman Khaled Megahed, <a href=\"http:\/\/bit.ly\/32Bvv9D\">according to Mubasher<\/a>. Airports have also been instructed to stamp passports with a quarantine logo for all arrivals into the country to indicate that medical examination is necessary.<\/p>\n<p><strong>Egypt holds that there have been no more cases of coronavirus:<\/strong> The government on Friday denied rumors that there are additional cases of coronavirus in Egypt, <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/364314\/Egypt\/Politics-\/No-coronavirus-infections-detected-in-Egypt-Cabine.aspx\">Ahram Online reported<\/a>.<\/p>\n<p><strong>But that may not be the case for much longer:<\/strong> Zayed told Adib that there is a high possibility that the virus could spread within Egypt and that even with a highly robust healthcare system it is difficult to prevent it from entering the country.<\/p>\n<p><strong>Egypt\u2019s sole confirmed case of covid-19 fully recovered -Health Ministry:<\/strong> A Health Ministry spokesperson <a href=\"http:\/\/www.sis.gov.eg\/Story\/143895\/Ministry-of-Health-Egypt-is-coronavirus-free-after-recovery-of-foreigner-case?lang=en-us\">announced on Thursday<\/a> that the person diagnosed with covid-19 in Egypt has fully recovered and has been discharged from a quarantine hospital.<\/p>\n<p><strong>EgyptAir will cancel all flight reservations of passengers holding \u201cUmrah\u201d visas to Saudi Arabia: <\/strong>The airline\u2019s decision was enacted as of Thursday and maintained until further notice, <a href=\"https:\/\/www.egypttoday.com\/Article\/1\/82099\/EgyptAir-cancels-bookings-of-Umrah-visa-holders\">according to Egypt Today<\/a>. The cancellations come in light of the Saudi government's decision to temporarily ban entry for Umrah pilgrims and tourists from countries where covid-19 is present.<\/p>\n<p><strong>In worrying news for Egyptian exporters:<\/strong> Shipping companies have increased freight rates for goods from Egypt by 30-50% and a 70% increase for goods heading to China, <a href=\"https:\/\/alborsaanews.com\/2020\/02\/29\/1301889\">the local press reports<\/a>, citing exporters which obtained notifications from international shipping lines.<\/p>\n<p><strong>Shipping prices have been raised because of shortages in Shanghai and Xingang ports, <\/strong>said Maersk\u2019s Sealand, which the domestic press saus has raised shipping prices to northern Europe to USD 1k, and to western Mediterranean countries, including Spain, Italy and Morocco, to USD 900 for 40-foot containers. Safmarine raised their prices for 40-foot containers to USD 1000 to those ports, while CMA CGM raised prices to USD 1,250 for same-size containers to ship to those ports.<\/p>\n<p><strong>The outbreak could even impact the government\u2019s plans to reintroduce capital gains tax on EGX transactions:<\/strong> <a href=\"https:\/\/alborsaanews.com\/2020\/02\/29\/1301883\">Unnamed sources told the press<\/a> that the potential impact of the virus on the EGX have led to calls for the government to shelve its plans to reintroduce the 10% capital gains tax on EGX transactions until markets stabilize and concerns over covid-19 have been addressed. Finance Minister Mohamed Maait <a href=\"https:\/\/bit.ly\/386HnBH\">said on Thursday<\/a> that the ministry is almost ready to announce its plans for the tax but didn\u2019t provide further details.<\/p>\n<p><strong>Background:<\/strong> A committee made up of the ministry, the Egyptian Tax Authority, and the Egyptian Capital Market Association has been meeting for weeks to discuss the tax on stock market transactions. The ministry has also been closing in on finalizing draft amendments that will settle whether the capital gains tax will be making a comeback, after being shelved for three years in 2017 in favor of a provisional stamp tax. The three-year period is officially set to elapse in May 2020. You can get a refresher on the proposals for its reintroduction <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/08\/capital-gains-tax-on-egx-trades-could-be-making-a-comeback-as-soon-as-this-month-7910\/\">here<\/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\/finance-ministry\/\">Finance Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mohamed-maait\/\">Mohamed Maait<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/speed-round\/\">SPEED ROUND<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tax\/\">tax<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"569593\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"569594\" 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=\"569594\">\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\/03\/01\/egypt-in-the-news-on-1-march-2020\/\">\r\n                            Egypt in the News on 1 March 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\/03\/01\/egypt-in-the-news-on-1-march-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\/03\/01\/egypt-in-the-news-on-1-march-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\/03\/01\/egypt-in-the-news-on-1-march-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 1 March 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/03\/01\/egypt-in-the-news-on-1-march-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\/03\/01\/egypt-in-the-news-on-1-march-2020\/&title=Egypt in the News on 1 March 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+1+March+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F03%2F01%2Fegypt-in-the-news-on-1-march-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\/03\/01\/egypt-in-the-news-on-1-march-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-569594\" class=\"content-area-description single-story post-569594 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-art tag-commodities tag-egypt-in-the-news tag-enterpriseam tag-music tag-textiles wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>It\u2019s a quiet morning in the foreign press:<\/strong> <a href=\"https:\/\/www.washingtonpost.com\/opinions\/2020\/02\/28\/egypts-music-ban-is-part-more-disturbing-cultural-repression\/\">Writing in the Washington Post<\/a>, Ezzedine Fishere calls <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2cf4f67e-5fe1-493b-aca1-9980eda0b82c\">last month\u2019s decision<\/a> to ban public performances of mahraganat part of a \u201ccampaign of cultural discipline\u201d that seeks to erase expression that challenges the elite-sanctioned image of Egypt.<\/p>\n<p><strong>The waning of the Egyptian cotton brand and attempts to salvage it:<\/strong> <a href=\"https:\/\/www.newyorker.com\/news\/news-desk\/the-end-of-egyptian-cotton\">The<\/a><a href=\"https:\/\/www.newyorker.com\/news\/news-desk\/the-end-of-egyptian-cotton\">New Yorker<\/a> takes a trip down memory lane on how a neglected long-fiber cotton plant in Cairo took over the world\u2019s textile industry at some points, how it almost died, and the attempts to resurrect it.<\/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\/art\/\">art<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/commodities\/\">commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <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\/music\/\">music<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/textiles\/\">textiles<\/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=\"569595\" 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=\"569595\">\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\/03\/01\/ha-property-management-renews-facilities-management-contract-at-egypts-benban\/\">\r\n                            HA Property Management renews facilities management contract at Egypt\u2019s Benban                        <\/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\/03\/01\/ha-property-management-renews-facilities-management-contract-at-egypts-benban\/\" 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\/03\/01\/ha-property-management-renews-facilities-management-contract-at-egypts-benban\/')\">\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\/03\/01\/ha-property-management-renews-facilities-management-contract-at-egypts-benban\/\">\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=HA Property Management renews facilities management contract at Egypt\u2019s Benban&url=https:\/\/enterpriseam.com\/egypt\/2020\/03\/01\/ha-property-management-renews-facilities-management-contract-at-egypts-benban\/\">\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\/03\/01\/ha-property-management-renews-facilities-management-contract-at-egypts-benban\/&title=HA Property Management renews facilities management contract at Egypt\u2019s Benban\">\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=HA+Property+Management+renews+facilities+management+contract+at+Egypt%E2%80%99s+Benban+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F03%2F01%2Fha-property-management-renews-facilities-management-contract-at-egypts-benban%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\/03\/01\/ha-property-management-renews-facilities-management-contract-at-egypts-benban\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-569595\" class=\"content-area-description single-story post-569595 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>Hassan Allam Property Management has renewed its contract to manage facilities at the Benban solar power park for up to 12 months, according to <a href=\"https:\/\/ent.news\/2020\/2\/Hassan-Allam-renews-facilities-management-contract-at-Benban-Solar-Park.pdf\">an emailed statement (pdf)<\/a>. \u201cThe scope encompasses operations and maintenance of shared facilities, provision of emergency services, site security, and management of park logistics including water, wastewater and solid waste.\u201d Hassan Allam Property Management is a subsidiary of Hassan Allam Properties.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"569597\" 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=\"569597\">\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\">Manufacturing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/01\/egypt-kuwait-holding-to-begin-wood-production-next-year\/\">\r\n                            Egypt Kuwait Holding to begin wood production next year                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/01\/egypt-kuwait-holding-to-begin-wood-production-next-year\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2020\/03\/01\/egypt-kuwait-holding-to-begin-wood-production-next-year\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2020\/03\/01\/egypt-kuwait-holding-to-begin-wood-production-next-year\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt Kuwait Holding to begin wood production next year&url=https:\/\/enterpriseam.com\/egypt\/2020\/03\/01\/egypt-kuwait-holding-to-begin-wood-production-next-year\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2020\/03\/01\/egypt-kuwait-holding-to-begin-wood-production-next-year\/&title=Egypt Kuwait Holding to begin wood production next year\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+Kuwait+Holding+to+begin+wood+production+next+year+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F03%2F01%2Fegypt-kuwait-holding-to-begin-wood-production-next-year%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/01\/egypt-kuwait-holding-to-begin-wood-production-next-year\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-569597\" class=\"content-area-description single-story post-569597 post type-post status-publish format-standard hentry category-manufacturing tag-egypt-kuwait-holding tag-enterpriseam tag-manufacturing wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Egypt Kuwait Holding Company (EKH) aims to start production from its EGP 2 bn pressed wood factory next year, <a href=\"https:\/\/www.cnbcarabia.com\/news\/view\/63709\/%D9%85%D8%AF%D9%8A%D8%B1-%D8%B9%D9%84%D8%A7%D9%82%D8%A7%D8%AA-%D8%A7%D9%84%D9%85%D8%B3%D8%AA%D8%AB%D9%85%D8%B1%D9%8A%D9%86-%D9%81%D9%8A-%D8%A7%D9%84%D9%82%D8%A7%D8%A8%D8%B6%D8%A9-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A%D8%A9-%D8%A7%D9%84%D9%83%D9%88%D9%8A%D8%AA%D9%8A%D8%A9-%D9%84%D9%80-CNBC-%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9-%D8%A8%D8%AF%D8%A1-%D8%A7%D9%84%D8%B9%D9%85%D9%84-%D9%81%D9%8A-%D9%85%D8%B5%D9%86%D8%B9-%D8%A7%D9%84%D8%A3%D8%AE%D8%B4%D8%A7%D8%A8-%D8%A7%D9%84%D8%AA%D8%A7%D8%A8%D8%B9-%D9%84%D9%84%D8%B4%D8%B1%D9%83%D8%A9-%D8%A7%D9%84%D8%B9%D8%A7%D9%85-%D8%A7%D9%84%D9%85%D9%82%D8%A8%D9%84.html\">investors relations manager Haitham Abdel Moniem told CNBC<\/a>. The company had announced its plans to invest a total of EGP 3 bn in wood production <a href=\"https:\/\/enterprise.press\/stories\/2018\/11\/04\/ekh-releases-additional-info-on-egp-3-bn-egypt-wood-product-investment-2\/\">back in 2018<\/a>, including EGP 2 bn in a compressed wood plant in Beni Suef and an additional EGP 1 bn to grow feedstock for the plant.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-kuwait-holding\/\">Egypt Kuwait Holding<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"569598\" 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=\"569598\">\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\">Tourism<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/01\/grand-egyptian-museum-general-admission-tickets-set-at-egp-30\/\">\r\n                            Grand Egyptian Museum general admission tickets set at EGP 30                        <\/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\/03\/01\/grand-egyptian-museum-general-admission-tickets-set-at-egp-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\/03\/01\/grand-egyptian-museum-general-admission-tickets-set-at-egp-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\/03\/01\/grand-egyptian-museum-general-admission-tickets-set-at-egp-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=Grand Egyptian Museum general admission tickets set at EGP 30&url=https:\/\/enterpriseam.com\/egypt\/2020\/03\/01\/grand-egyptian-museum-general-admission-tickets-set-at-egp-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\/03\/01\/grand-egyptian-museum-general-admission-tickets-set-at-egp-30\/&title=Grand Egyptian Museum general admission tickets set at EGP 30\">\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=Grand+Egyptian+Museum+general+admission+tickets+set+at+EGP+30+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F03%2F01%2Fgrand-egyptian-museum-general-admission-tickets-set-at-egp-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\/03\/01\/grand-egyptian-museum-general-admission-tickets-set-at-egp-30\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-569598\" class=\"content-area-description single-story post-569598 post type-post status-publish format-standard hentry category-tourism tag-enterpriseam tag-grand-egyptian-museum tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>General admission tickets for the Grand Egyptian Museum (GEM) will be sold at EGP 30 apiece, while a separate EGP 50 ticket will be sold for entrance to the King Tutankhamun exhibition. The museum will also offer an all-inclusive EGP 60 ticket option to provide access to both, <a href=\"https:\/\/bit.ly\/2vu070t\">according to a cabinet statement<\/a>. Egyptian and Arab students will be granted discounted access to the entire museum for EGP 30. The museum is set to open its doors later this year.<\/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\/grand-egyptian-museum\/\">Grand Egyptian Museum<\/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=\"569599\" 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=\"569599\">\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\">Automotive + Transportation<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/01\/orange-egypt-to-outfit-mwasalat-misr-buses-with-wifi-set-up-control-center-data\/\">\r\n                            Orange Egypt to outfit Mwasalat Misr buses with WiFi, set up control center data                        <\/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\/03\/01\/orange-egypt-to-outfit-mwasalat-misr-buses-with-wifi-set-up-control-center-data\/\" 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\/03\/01\/orange-egypt-to-outfit-mwasalat-misr-buses-with-wifi-set-up-control-center-data\/')\">\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\/03\/01\/orange-egypt-to-outfit-mwasalat-misr-buses-with-wifi-set-up-control-center-data\/\">\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=Orange Egypt to outfit Mwasalat Misr buses with WiFi, set up control center data&url=https:\/\/enterpriseam.com\/egypt\/2020\/03\/01\/orange-egypt-to-outfit-mwasalat-misr-buses-with-wifi-set-up-control-center-data\/\">\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\/03\/01\/orange-egypt-to-outfit-mwasalat-misr-buses-with-wifi-set-up-control-center-data\/&title=Orange Egypt to outfit Mwasalat Misr buses with WiFi, set up control center data\">\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=Orange+Egypt+to+outfit+Mwasalat+Misr+buses+with+WiFi%2C+set+up+control+center+data+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F03%2F01%2Forange-egypt-to-outfit-mwasalat-misr-buses-with-wifi-set-up-control-center-data%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\/03\/01\/orange-egypt-to-outfit-mwasalat-misr-buses-with-wifi-set-up-control-center-data\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-569599\" class=\"content-area-description single-story post-569599 post type-post status-publish format-standard hentry category-automotive-transportation tag-automotive-transportation tag-data tag-enterpriseam tag-ict tag-mwasalat-misr tag-orange-egypt tag-transport wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Orange Egypt and Mwasalat Misr signed an agreement on Thursday that will see the mobile network operator outfitting Mwasalat buses and bus stations with no-charge WiFi, <a href=\"https:\/\/ent.news\/2020\/2\/E-Mwasalat-Misr-final-FFF.pdf\">according to<\/a><a href=\"https:\/\/ent.news\/2020\/2\/E-Mwasalat-Misr-final-FFF.pdf\">an emailed statement (pdf)<\/a>. Orange will also set up electronic communication and data transmission services between Mwasalat\u2019s buses and its control centers, which will help the mass transit operator to monitor its fleet \u201cthrough the cameras installed in each bus, check the numbers of passengers in each trip, [and] track traffic.\u201d<\/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\/automotive-transportation\/\">Automotive + Transportation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/data\/\">data<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ict\/\">ICT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mwasalat-misr\/\">Mwasalat Misr<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/orange-egypt\/\">Orange Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/transport\/\">transport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"569600\" 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=\"569600\">\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\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/01\/egypt-to-plant-500-feddans-along-the-red-sea-with-mangrove-trees\/\">\r\n                            Egypt to plant 500 feddans along the Red Sea with mangrove trees                        <\/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\/03\/01\/egypt-to-plant-500-feddans-along-the-red-sea-with-mangrove-trees\/\" 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\/03\/01\/egypt-to-plant-500-feddans-along-the-red-sea-with-mangrove-trees\/')\">\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\/03\/01\/egypt-to-plant-500-feddans-along-the-red-sea-with-mangrove-trees\/\">\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 to plant 500 feddans along the Red Sea with mangrove trees&url=https:\/\/enterpriseam.com\/egypt\/2020\/03\/01\/egypt-to-plant-500-feddans-along-the-red-sea-with-mangrove-trees\/\">\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\/03\/01\/egypt-to-plant-500-feddans-along-the-red-sea-with-mangrove-trees\/&title=Egypt to plant 500 feddans along the Red Sea with mangrove trees\">\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+to+plant+500+feddans+along+the+Red+Sea+with+mangrove+trees+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F03%2F01%2Fegypt-to-plant-500-feddans-along-the-red-sea-with-mangrove-trees%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\/03\/01\/egypt-to-plant-500-feddans-along-the-red-sea-with-mangrove-trees\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-569600\" class=\"content-area-description single-story post-569600 post type-post status-publish format-standard hentry category-on-your-way-out tag-enterpriseam tag-environment wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Egypt plans to plant 500 feddans of mangrove trees on the Red Sea coast<\/strong>, in Safaga, Hamata, and Shalateen, <a href=\"https:\/\/www.egyptindependent.com\/egypt-launches-project-to-plant-mangrove-trees-along-red-sea-coast\/?fbclid=IwAR2-jHmQPnhNa9ie4YESFMEUtMWw1N4h-096wQciWlqJ-MoDGr7jdg_PHU0\">according to Egypt Independent<\/a>. The project aims to contribute to sustainable development and reduce the impact of climate change in Egypt, according to the project\u2019s director. Mangrove trees are critical for bees and equilibrium in the ecosystem, he explains.<\/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\/environment\/\">environment<\/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=\"569601\" 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=\"569601\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/01\/the-market-yesterday-40\/\">\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\/03\/01\/the-market-yesterday-40\/\" 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\/03\/01\/the-market-yesterday-40\/')\">\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\/03\/01\/the-market-yesterday-40\/\">\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\/03\/01\/the-market-yesterday-40\/\">\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\/03\/01\/the-market-yesterday-40\/&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%2F03%2F01%2Fthe-market-yesterday-40%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\/03\/01\/the-market-yesterday-40\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-569601\" class=\"content-area-description single-story post-569601 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 15.56 | Sell 15.66<\/p>\n<p> <strong>EGP \/ USD<\/strong><strong> at <\/strong><strong>CIB<\/strong><strong>:<\/strong> Buy 15.55 | Sell 15.65<br \/>\n <strong>EGP \/ USD at <\/strong><strong>NBE<\/strong><strong>: <\/strong>Buy 15.55 | Sell 15.65<\/p>\n<p><strong>EGX30<\/strong> (Thursday): 13,009 (-1.5%)<br \/>\n <strong>Turnover:<\/strong> EGP 988 mn (69% above the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: -6.8%<\/p>\n<p><strong>THE MARKET ON THURSDAY:<\/strong> The EGX30 ended Thursday\u2019s session down 1.5%. CIB, the index\u2019s heaviest constituent, ended down 1.0%. EGX30\u2019s top performing constituents were Orascom Investment Holding up 2.8%, Telecom Egypt up 0.7%, and Pioneers Holding up 0.4%. Thursday\u2019s worst performing stocks were GB Auto down 8.0%, Orascom Development Egypt down 6.3% and EFG Hermes down 4.5%. The market turnover was EGP 988 mn, and foreign investors were the sole net sellers.<\/p>\n<p><strong>Foreigners<\/strong>: Net short | EGP -84.0 mn<br \/>\n <strong>Regional<\/strong>: Net long | EGP +16.1 mn<br \/>\n <strong>Domestic<\/strong>: Net long | EGP +67.9 mn<\/p>\n<p><strong>Retail<\/strong>: 35.9% of total trades | 38.8% of buyers | 33.1% of sellers<br \/>\n <strong>Institutions<\/strong>: 64.1% of total trades | 61.2% of buyers | 66.9% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 44.76 (-4.95%)<br \/>\n <strong>Brent:<\/strong> USD 49.67 (-3.98%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 1.68 MMBtu, (-3.88%, April 2020 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,566.70 \/ troy ounce (-4.61%)<\/p>\n<p><strong>TASI:<\/strong> 7,628 (-1.07%) (YTD: -9.07%)<br \/>\n <strong>ADX: <\/strong>4,901 (+0.22%) (YTD: -3.43%)<br \/>\n <strong>DFM:<\/strong> 2,590 (-1.17%) (YTD: -6.32%)<br \/>\n <strong>KSE Premier Market:<\/strong> 6,730 (0.0%)<br \/>\n <strong>QE:<\/strong> 9,490 (-0.61%) (YTD: -8.97%)<br \/>\n <strong>MSM:<\/strong> 4,130 (-0.19%) (YTD: +3.76%)<br \/>\n <strong>BB: <\/strong>1,660 (-0.11%) (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=\"569602\" 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\/03\/01\/569602\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-569602\" class=\"content-area-description single-story post-569602 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>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>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>21-22 March (Saturday-Sunday): An international conference <a href=\"https:\/\/alborsaanews.com\/2020\/02\/26\/1301075\">to market investment prospects<\/a> in the Suez Canal Economic Zone, Al Galala City, Egypt<\/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":569570,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-569569","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"3ce9655f-d1ac-460e-9d35-c56e2982e81a","teaser":"","photo_url":"https:\/\/ent.news\/2020\/3\/2.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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