{"id":569612,"date":"2020-03-02T04:16:30","date_gmt":"2020-03-02T04:16:30","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=569612"},"modified":"2025-12-16T07:01:12","modified_gmt":"2025-12-16T07:01:12","slug":"egypt-has-second-covid-19-case-and-the-egx-has-had-its-worst-day-since-2012","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/egypt-has-second-covid-19-case-and-the-egx-has-had-its-worst-day-since-2012\/","title":{"rendered":"Egypt has second covid-19 case and the EGX has had its worst day since 2012"},"content":{"rendered":"<section id=\"569614\" 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=\"569614\">\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\/02\/what-were-tracking-on-2-march-2020-2\/\">\r\n                            What we\u2019re tracking on 2 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\/02\/what-were-tracking-on-2-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(); 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The individual was taken to a quarantine centre after displaying \u201cbasic symptoms\u201d but his condition was stable and being monitored, the statement said.<\/p>\n<p><strong>Health Ministry sources said the patient is a 54-year-old Canadian citizen<\/strong> working as an oil engineer at an undisclosed oil company in the country\u2019s northwest, <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=02032020&id=0741a8cd-bc12-42bf-bfdc-783d12be1c0c\">Al Shorouk reported<\/a>. He came to Egypt from Canada two weeks ago, transiting at an undisclosed airport in Europe, the sources said. They added that he tested positive for covid-19 on Saturday, but his colleagues tested negative after inspection.<\/p>\n<p><strong>The only other known case of the virus in Egypt has made a full recovery<\/strong> and has been discharged from hospital, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7d240dc0-8f28-42b9-879c-5d114f19ad0d\">the ministry said over the weekend<\/a>.<\/p>\n<hr class=\"grey-line\">\n<p><strong>The EGX\u2019s resistance in the face of the covid-19 selloff ended yesterday <\/strong>as the bourse suffered its worst one-day loss in almost eight years as markets across the region were hit by the waves of selling rippling through global markets. The benchmark EGX30 closed down 6% \u2014 its sharpest single-day decline since 2012 \u2014 as investors fled dumped equities on the back of plunging oil prices and a spate of new covid-19 cases across the region. We have chapter and verse in this morning\u2019s Speed Round, below.<\/p>\n<p><strong>The question of the day: Will markets take a breather? <\/strong>Markets in China, Japan, Hong Kong and South Korea \u2014 all hammered by covid-19 so far \u2014 were up substantially in early trading this morning before our dispatch deadline. And futures suggest European and US shares could also open in the green, although somewhat more tepidly than Asian markets.<\/p>\n<hr class=\"grey-line\">\n<p class='web-image'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/Coronavirus-4-1600px.jpg?ssl=1\" alt='enterprise'><\/p>\n<p><strong>Egyptian pharma companies are looking at how to address looming supply chain <\/strong><strong>shortages <\/strong>as they face import delays in raw materials from China used to manufacture meds, <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=01032020&id=9e8869d5-1f91-410a-9929-b83fafff7e48\">Al Shorouk reports<\/a>. Around 40% of Egypt\u2019s locally manufactured meds depend on materials shipped from China and the slowdown in trade has prompted manufacturers to scramble in search of alternatives. The head of the meds division at the Egyptian Chamber of Commerce, Ali Ouf, cautioned against panic, saying that the government has six months worth of raw materials in reserves but that private sector players are still working out plans to establish alternative supply chains.<\/p>\n<p><strong>Qatar has introduced new entry restrictions on visitors travelling from Egypt<\/strong> in a bid to insulate itself from the virus, <a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL8N2AU0TJ\">Reuters reported<\/a>, citing the country\u2019s state news agency. Qatar confirmed another two cases yesterday, bringing its total to three.<\/p>\n<p><strong>It\u2019s unclear whether Kuwait has done the same. <\/strong>The Gulf country has reportedly suspended issuance of new visas until further notice, Kuwaiti outlet <a href=\"https:\/\/alqabas.com\/article\/5756172-%D9%85%D8%B5%D8%AF%D8%B1-%D8%A3%D9%85%D9%86%D9%8A-%D9%84%D8%A7%D9%84%D9%82%D8%A8%D8%B3-%D9%88%D9%82%D9%81-%D8%AC%D9%85%D9%8A%D8%B9-%D8%A3%D9%86%D9%88%D8%A7%D8%B9-%D8%A7%D9%84%D8%AA%D8%A7%D8%B4%D9%8A%D8%B1%D8%A7%D8%AA-%D9%84%D9%84%D9%85%D8%B5%D8%B1%D9%8A%D9%8A%D9%86\">Al Qabas reports<\/a>, citing unnamed security officials. The decision includes all types of visas, including business visas, but allows Egyptians in Kuwait to return home freely, the newspaper reports. Egypt has been placed by Kuwait on a watchlist that includes Iraq, Iran, Thailand, the Koreas, Itay, China and Hong Kong, the sources said.<\/p>\n<p><strong>But Lamees El Hadidi reported last night that there have been no official reports of a visa <\/strong><strong>suspension <\/strong><a href=\"https:\/\/www.youtube.com\/watch?v=AGJPvgIwzNA\">(watch, runtime: 4:35)<\/a>. The night-time talk show host spoke by phone with Abd El Mohsen Al Harby, Al-Hadth\u2019s reporter in Kuwait, who did note that Kuwait\u2019s Health Ministry was taking precautionary measures towards those arriving from Egypt and that anyone with a high temperature was being quarantined for 14 days.<\/p>\n<p><strong>Health Minister Hala Zayed is en route to China<\/strong>: The minister will travel with a consignment of medical supplies as a gesture of goodwill to the Chinese government, <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1476555\">Al Masry Al Youm reported<\/a>.<\/p>\n<p><strong>Covid-19 fears in the Middle East are slowing down regional travel<\/strong>. Tourist destinations and pilgrimage hubs have resorted to stringent precautionary measures to quell the spread of coronavirus, meaning less travel to some deeply revered religious sites, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-03-01\/emirates-offers-leave-to-staff-as-virus-saps-demand-for-travel?srnd=premium-middle-east\">Bloomberg<\/a>reports. Emirates airlines has encouraged employees to take time off in light of the slowdown in global travel and has stopped travel to most Chinese destinations and Iran, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-03-01\/iran-coronavirus-cases-almost-double-as-who-readies-larger-team?srnd=premium-middle-east\">the center of the coronavirus outbreak<\/a> in the Middle East. The company has also paused flights from 20 countries to Saudi Arabia, which has <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7d240dc0-8f28-42b9-879c-5d114f19ad0d\">begun taking its own steps<\/a> to reduce exposure to the virus by barring entrance of all umrah visa holders from countries where cases of coronavirus have been documented.<\/p>\n<p><strong>What\u2019s the best thing you can do to keep yourself, your family and your business safe <\/strong><strong>from covid-19? <\/strong>It\u2019s not a mask \u2014 it\u2019s washing your hands properly (take a look below to see where we all cut corners), particularly with soap, which nukes the membrane that holds coronaviruses together. Tap or click the image below for the US Center for Disease Control\u2019s instructions.<\/p>\n<p class='web-image' ><a href='https:\/\/www.cdc.gov\/handwashing\/when-how-handwashing.html'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/Washing-hands-1600px.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\n<p><strong>Emerging markets have to pray for central bank action:<\/strong> Large-scale monetary and fiscal stimulus may be the only thing that can slow the declines in EM equities and bonds, which saw more than USD 1.1 tn in outflows last week as investors fled for safe haven assets. \u201cThe week will start horrible, but may improve on central-bank pivots, with a coordinated G-20 fiscal pump not out of the question,\u201d Stephen Innes, chief market strategist at Axicorp, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-03-01\/policy-watch-and-prayers-emerging-markets-gird-for-more-turmoil?sref=mmeFTDW1\">tells Bloomberg<\/a>. \u201cGiven the tightening of financial conditions due to the stock-market meltdown, the US Federal Reserve will deliver to weaken the USD. If none of this works, just pray.\u201d<\/p>\n<hr class=\"grey-line\">\n<p><strong>News triggers to keep your eye on:<\/strong><\/p>\n<ul>\n<li><strong>PMI figures for Egypt,<\/strong> Saudi Arabia and the UAE will land tomorrow.<\/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 next 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 tomorrow.<\/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 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>Mubadala eyes potential investment in NMC Health:<\/strong> Abu Dhabi\u2019s sovereign wealth fund Mubadala is looking at potentially investing in troubled LSE-listed NMC Health as the company grapples with allegations of financial wrongdoing, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-02-29\/abu-dhabi-wealth-fund-said-to-weigh-investment-in-troubled-nmc?srnd=premium-middle-east\">Bloomberg reports<\/a>. Short seller Muddy Waters <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/18\/what-were-tracking-on-18-december-2019-8687\/\">alleged last year<\/a> that the company\u2019s \u201cfinancial statements hint at potential overpayment for assets, inflated cash balances and understated debt.\u201d NMC, the Middle East\u2019s largest healthcare provider, has denied the allegations, but the company\u2019s shares have been \u201con a freefall\u201d since Muddy Waters\u2019 report, Bloomberg notes. The UK\u2019s Financial Conduct Authority has launched an official investigation into the claims, <a href=\"https:\/\/www.theguardian.com\/business\/2020\/feb\/27\/fca-opens-inquiry-into-nmc-health\">according to the Guardian<\/a>.<\/p>\n<hr class=\"grey-line\">\n<p><strong>After nearly two decades, <\/strong><strong>US<\/strong><strong> and Taliban agree to <\/strong><strong>end Afghanistan<\/strong><strong> war: <\/strong>The US and the Taliban signed a peace accord on Saturday that will see the US and its allies pull all their troops from Afghanistan within 14 months, <a href=\"https:\/\/www.afp.com\/en\/news\/15\/us-taliban-sign-deal-pull-foreign-forces-afghanistan-doc-1pe5qn32\">according to AFP<\/a>. The accord is contingent on the Taliban opening a dialogue with the Kabul government in the hope that the two can reach a power-sharing agreement, although the US-backed government was \u201cconspicuously excluded\u201d from Washington\u2019s negotiations with the militant group, <a href=\"https:\/\/www.nytimes.com\/2020\/02\/29\/world\/asia\/us-taliban-deal.html\">the New York Times notes<\/a>.<\/p>\n<hr class=\"grey-line\">\n<p><strong>List of contenders vying for US Democratic nomination shrinks to six ahead of crucial <\/strong><strong>Super Tuesday vote:<\/strong> <a href=\"https:\/\/www.nytimes.com\/2020\/03\/01\/us\/politics\/pete-buttigieg-drops-out.html\">South Bend mayor Pete Buttigieg<\/a> and<a href=\"https:\/\/www.nytimes.com\/2020\/02\/29\/us\/politics\/tom-steyer-drops-out.html\">bn\u2019naire hedge fund manager Tom Steyer<\/a> have withdrawn from the race for the Democratic nomination, two days before 14 states go to the polls on Super Tuesday. Buttigieg performed well in the early states \u2014 coming joint-first in Iowa and second in New Hampshire \u2014 but proved unable to build support among minorities, and came a distant fourth place in the majority African-American state of South Carolina in Saturday\u2019s primary. Steyer \u2014 always a long-shot for the nomination \u2014 poured USD 191 mn into campaign ads across the country yet failed to win a single delegate in the first four states.<\/p>\n<p class='web-image'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/11\/CIRA-Blackboard-Banner-B.jpg?ssl=1\" alt='enterprise'><\/p>\n<p><strong>*** It\u2019s Blackboard day:<\/strong> We have our weekly look at the business of education in Egypt, from pre-K through the highest reaches of higher ed. Blackboard appears every Monday in Enterprise in the place of our traditional industry news roundups.<\/p>\n<p><strong>In today\u2019s issue:<\/strong> Education has so far proven that it is, indeed, a defensive sector in the face of the covid-19 meltdown. Clear communication with investors and contingency planning now are key for that to continue, insiders say.<\/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\/aviation\/\">aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- 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<\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"569616\" 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=\"569616\">\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\/02\/gerd-talks-covid-19-kuwait-and-qatari-visas-dominate-talk-shows\/\">\r\n                            GERD talks, covid-19, Kuwait and Qatari visas dominate talk shows                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/02\/gerd-talks-covid-19-kuwait-and-qatari-visas-dominate-talk-shows\/\" 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\/02\/gerd-talks-covid-19-kuwait-and-qatari-visas-dominate-talk-shows\/')\">\n     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              <\/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\/02\/gerd-talks-covid-19-kuwait-and-qatari-visas-dominate-talk-shows\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-569616\" class=\"content-area-description single-story post-569616 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-enterprise-last-nights-talk-shows tag-enterpriseam tag-ethiopia tag-foreign-affairs-minister-sameh-shoukry tag-gerd tag-kuwait tag-qatar tag-water-resources-minister-mohamed-nasr-eddin-allam tag-world-bank wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The fraught state of the GERD negotiations and the latest on covid-19<\/strong> held the attention of the nation\u2019s talking heads for the second night running.<\/p>\n<p><strong>Foreign Minister holds fast against Ethiopia: <\/strong>Al Kahera Alaan\u2019s Lamees El Hadidi spoke by phone with Foreign Minister Sameh Shoukry, who discussed Ethiopia\u2019s absence from the latest round of talks on the Grand Ethiopian Renaissance Dam (GERD) in Washington, DC <a href=\"https:\/\/www.youtube.com\/watch?v=C8SP7t6NNwg\">(watch, runtime: 6:28)<\/a>. Shoukry said that if Ethiopia continued to fill the dam\u2019s reservoir, \u2014 and it had signaled its intention to do so repeatedly this year \u2014 it would be in breach of the 2015 Declaration of Principles. He said that extensions are being discussed to allow for a final agreement on the dam\u2019s filling.<\/p>\n<p><strong>Former irrigation minister lauds Egypt, berates Ethiopia: <\/strong>El Hadidi also spoke by phone with former Water Resources Minister Mohamed Nasr Eddin Allam, who said that Egypt had achieved \u201cremarkable progress in internationalizing\u201d the GERD talks <a href=\"https:\/\/www.youtube.com\/watch?v=jvwzmT8dwUk\">(watch, runtime: 4:28)<\/a>. He added that \u201cit showed the extent of Ethiopian intransigence that Egypt has suffered since 2011,\u201d and that Ethiopia's absence from the latest round of talks showed a disrespect for their sponsors, the US and the World Bank. Allam said that Ethiopia was \u201cwasting time\u201d to leave Egypt with few options, but that wasn't in its favor as Egypt has \u201cmany tools\u201d to pressure Ethiopia.<\/p>\n<p><strong>Ethiopia urged to sign draft pact:<\/strong> El Hekaya\u2019s Amr Adib read out the Foreign Ministry's Sunday statement which voiced dissatisfaction with Ethiopia\u2019s position. He then phoned Shoukry (<a href=\"https:\/\/www.youtube.com\/watch?v=1UUktUA_4oM\">watch, runtime: 2:09<\/a>) who said that Egypt signed the draft agreement because it was \u201cfair for all parties\u201d and encouraged Ethiopia to sign on to it <a href=\"https:\/\/www.youtube.com\/watch?v=0ZlEhALqT6Q&t=45s\">(watch, runtime: 2:05)<\/a>.<\/p>\n<p><strong>Call for punitive measures against Ethiopia:<\/strong> Masaa DMC's Eman El Hosary phoned Amany Al Tawil, director of the Al Ahram Center for Political and Strategic Studies, who said that Egypt's signing of the draft GERD agreement was a \u201cprofessional measure\u201d to indicate that Ethiopia had already previously agreed to its principles (<a href=\"https:\/\/www.youtube.com\/watch?v=IU9kx9-2ta4\">watch, runtime: 9:56<\/a>). Al Tawil said that Ethiopia is hoping to fill the dam\u2019s reservoir before a final agreement is reached, \u201cpresenting Egypt with a fait accompli, which Cairo rejects.\u201d She called for punitive measures against Ethiopia, which she said had shown \u201cdisrespect to the other parties\u201d and \u201clost credibility.\u201d <strong>We have more on GERD in this morning\u2019s Speed Round, below.<\/strong><\/p>\n<p><strong>Adib offers assurances on China, Kuwait:<\/strong> El Hekaya\u2019s Amr Adib went over viewer\u2019s criticisms of Health Ministry\u2019s Hala Zayed visit to China and urged calm <a href=\"https:\/\/www.youtube.com\/watch?v=BCheBbnl28c\">(watch, runtime: 3:15)<\/a>. He said it was \u201cclearly a measure by the state to demonstrate solidarity\u201d and showed images of the Chinese flag projected onto historical buildings such as the Citadel. <a href=\"https:\/\/www.youtube.com\/watch?v=Ox5vRpYL5C4\">(watch, runtime: 1:49)<\/a>. Adib also noted that his show had contacted the Kuwaiti embassy in Egypt and that they were assured that there were no instructions to stop issuing visas to Egyptians <a href=\"https:\/\/www.youtube.com\/watch?v=EnsFNk80liY\">(watch, runtime: 4:07)<\/a>.<\/p>\n<p><strong>Qatar rebuked for banning Egyptians:<\/strong> Min Masr's Amr Khalil and Reham Ibrahim criticized Qatar for banning Egyptians from entering the country <a href=\"https:\/\/www.youtube.com\/watch?v=W41rTF76848\">(watch, runtime: 6:35)<\/a>. Khalil noted that while Qatar had imposed the restrictions on Egyptians it was still welcoming flights from countries that have announced positive cases like France and Italy.<\/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\/ethiopia\/\">Ethiopia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/foreign-affairs-minister-sameh-shoukry\/\">Foreign Affairs Minister Sameh Shoukry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gerd\/\">GERD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/kuwait\/\">Kuwait<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/qatar\/\">Qatar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/water-resources-minister-mohamed-nasr-eddin-allam\/\">Water Resources Minister Mohamed Nasr Eddin Allam<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-bank\/\">World Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"569617\" 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=\"569617\">\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\/02\/egx30-suffers-worst-days-trading-since-2012-as-covid-19-outbreak-hits-middle-east-stocks\/\">\r\n                            EGX30 suffers worst day\u2019s trading since 2012 as covid-19 outbreak hits Middle East stocks                        <\/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\/02\/egx30-suffers-worst-days-trading-since-2012-as-covid-19-outbreak-hits-middle-east-stocks\/\" 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\/02\/egx30-suffers-worst-days-trading-since-2012-as-covid-19-outbreak-hits-middle-east-stocks\/')\">\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\/02\/egx30-suffers-worst-days-trading-since-2012-as-covid-19-outbreak-hits-middle-east-stocks\/\">\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=EGX30 suffers worst day\u2019s trading since 2012 as covid-19 outbreak hits Middle East stocks&url=https:\/\/enterpriseam.com\/egypt\/2020\/03\/02\/egx30-suffers-worst-days-trading-since-2012-as-covid-19-outbreak-hits-middle-east-stocks\/\">\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\/02\/egx30-suffers-worst-days-trading-since-2012-as-covid-19-outbreak-hits-middle-east-stocks\/&title=EGX30 suffers worst day\u2019s trading since 2012 as covid-19 outbreak hits Middle East stocks\">\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=EGX30+suffers+worst+day%E2%80%99s+trading+since+2012+as+covid-19+outbreak+hits+Middle+East+stocks+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F03%2F02%2Fegx30-suffers-worst-days-trading-since-2012-as-covid-19-outbreak-hits-middle-east-stocks%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\/02\/egx30-suffers-worst-days-trading-since-2012-as-covid-19-outbreak-hits-middle-east-stocks\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/21.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"569618\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/02\/egx30-suffers-worst-days-trading-since-2012-as-covid-19-outbreak-hits-middle-east-stocks\/21-jpg-14\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/21.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"21.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/21.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/21.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-569617\" class=\"content-area-description single-story post-569617 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round tag-covid-19 tag-egx tag-enterpriseam tag-equities tag-middle-east tag-speed-round wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>EGX30 suffers worst day\u2019s trading since 2012 as covi<\/strong><strong>d-19 outbreak hits <\/strong><strong>Middle East stocks:<\/strong> The benchmark EGX30 index tumbled a bit more than 6% yesterday in its worst showing since 2012 as the spread of the covid-19 virus drove down oil prices and investors caught up with the Friday selldown in other markets. CIB, the index heavyweight, dropped 5.3% during the day and the wider EGX100 closed down 5.4%. Trading was <a href=\"https:\/\/www.egypttoday.com\/Article\/3\/82155\/EGX-suspends-trading-for-30-minutes\">halted for half an hour<\/a> at 12:35 CLT after the market dropped more than 5%, triggering circuit breakers for the first time since <a href=\"https:\/\/enterprise.press\/stories\/2019\/09\/23\/egx-has-worst-day-since-2016-after-weekend-protests\/\">last September<\/a>.<\/p>\n<p><strong>From bad to worse:<\/strong> The EGX is coming off a poor February which saw the index fall 6% over the month. Most sectors finished in the red at the end of last week, making the index the fifth worst performer in the region, according to a note from Shuaa.<\/p>\n<p><strong>The EGX wasn\u2019t the only MENA market to take a beating:<\/strong> Plummeting oil prices spooked investors and caused them to dump stocks in the oil-rich Gulf states. Kuwait\u2019s index was the hardest hit, falling 11% after a three-day holiday last week. The Dubai index shed 4.5%, the Saudi Tadawul fell 3.7%, and the Abu Dhabi and Bahraini indices both dropped by more than 3%. Saudi Aramco shares finished 2.1% in the red, bringing the oil giant\u2019s share price to its lowest level since its December IPO. <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-03-01\/middle-eastern-stocks-plunge-as-oil-gets-hammered-by-coronavirus?sref=mmeFTDW1\">Bloomberg has more<\/a>.<\/p>\n<p><strong>Oil markets suffered their worst week since 2008 last week,<\/strong> with US crude plunging more than 15% to USD 45.25 per bbl and Brent falling 14.3% to USD 50.<\/p>\n<p><strong>Yesterday\u2019s market turmoil came after global stock markets <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/77dfc785-f3e9-4f03-b542-b6bf06a54d6b\">turned in their worst week<\/a><\/strong><strong> since the 2008 financial crisis<\/strong>. Around USD 7 tn was wiped from markets around the world last week, with US indices alone losing USD 4.3 tn.<\/p>\n<p><strong>A prolonged international crisis over covid-19 threatens more than just Egyptian stock prices:<\/strong> Trade and supply chain disruptions, market turbulence and building economic uncertainty threaten to hit vital sources of government revenue and put pressure on its current account position. \u201cAll sources of hard currency, including revenues from the Suez Canal and tourism, and inflows from portfolio investment, will be affected by the decline in global trade,\u201d Radwa El Swaify, head of research at Pharos, told Enterprise. \u201cEven transfers from abroad will be hit, especially from Gulf countries due to the decline in oil prices.\u201d<\/p>\n<p><strong>EGP reverses recent gains:<\/strong> The EGP continued to ease against the greenback yesterday, all but erasing gains seen in the week leading up to last month\u2019s MPC meeting. The currency fell another 2 piasters yesterday to EGP 15.58\/USD, continuing a slide that has seen it fall from a peak of 15.49 on 23 February. The trend could continue if portfolio investors trim their holdings of Egyptian treasuries and flee to safe haven assets, El Swaify says.<\/p>\n<p><strong>Government bond auction receives lukewarm response from investors:<\/strong> The Central Bank of Egypt sold less than half of the EGP 14.5 bn of three-month and nine-month treasury bills offered in an auction yesterday, official data shows. Investors bought just EGP 45 mn of three-month t-bills from the EGP 4 bn on offer after the central bank accepted a yield of 12.98%, almost 150 bps lower than the rate targeted by investors. Appetite for the higher-yielding nine-month tranche more than doubled the EGP 10.5 bn on offer, but the central bank sold only EGP 7.2 bn after offering an average 14.44% yield, below the 14.61% rate requested by investors. This is the second consecutive auction the government has failed to sell the targeted amount after <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6cc6090c-1e0d-42d4-bf4a-14c815f1f051\">falling short in last Thursday\u2019s auction<\/a> of six-month and one-year bills.<\/p>\n<p><strong>Analysts are going to be rethinking their interest rate forecasts:<\/strong> Analysts who spoke to Enterprise all agreed that any plans the CBE might have had to cut interest rates at the next MPC meeting in April will likely be taken off the table. Portfolio outflows could gather pace if the global equity selloff continues this week, and a rate cut next month could push more bondholders to liquidate their positions, increasing pressure on the government\u2019s fiscal position, El Swaify said. Indeed, <strong>the central bank could even look at a rate hike to leave Egypt as attractive as possible to the carry trade<\/strong>, said Hany Genena, head of research at Prime Holding.<\/p>\n<p><strong>The silver lining:<\/strong> Plummeting oil prices will help to ease the pressure on the state\u2019s finances in the event of a shortfall in revenues.<\/p>\n<p><strong>Government stimulus on the way? <\/strong>\u201cThe Finance Ministry will resort to some financial policies to support the economy without putting pressure on the state budget, provided that the CBE will resume using its tools immediately after the situation stabilizes by reducing interest rates,\u201d Genena said. Shuaa\u2019s Amr El Alfy said the government should move to soften the blow for the industrial sector by reviewing gas prices.<\/p>\n<p><strong>Or maybe not?<\/strong> A government official <a href=\"https:\/\/alborsaanews.com\/2020\/03\/01\/1302485\">told the local press yesterday<\/a> that it is not yet considering a stimulus package and will wait to assess the effects of the CBE\u2019s recent multi-bn EGP initiatives to support the <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/05\/egypt-launches-egp-100-bn-program-to-boost-local-industry-7831\/\">manufacturing<\/a> and <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/16\/cbe-confirms-egp-50-bn-tourism-support-program-8498\/\">tourism<\/a> sectors. Sources said that the Planning Ministry is evaluating whether fears over covid-19 will impact its growth forecasts, which see the economy growing at a 6% clip during the current fiscal year.<\/p>\n<p><strong>Does our fate rest in the hands of the Fed?<\/strong> Genena said that the extent to which the virus impacts the Egyptian economy will in large part be determined by the trajectory of the US economy and the decisions made by monetary policymakers in Washington. \u201cThe Fed hinted at the possibility of cutting interest rates faster than expected to stimulate the economy, and if the US economy remains stable, global growth and the rate of growth in Egypt will be kept safe,\u201d he told Enterprise. \u201cIf the US is affected, we will be facing a global economic crisis.\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\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/equities\/\">equities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/middle-east\/\">Middle East<\/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=\"569629\" 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=\"569629\">\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\/02\/egypt-in-the-news-on-2-march-2020\/\">\r\n                            Egypt in the News on 2 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\/02\/egypt-in-the-news-on-2-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\/02\/egypt-in-the-news-on-2-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\/02\/egypt-in-the-news-on-2-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 2 March 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/03\/02\/egypt-in-the-news-on-2-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\/02\/egypt-in-the-news-on-2-march-2020\/&title=Egypt in the News on 2 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+2+March+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F03%2F02%2Fegypt-in-the-news-on-2-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\/02\/egypt-in-the-news-on-2-march-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-569629\" class=\"content-area-description single-story post-569629 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-culture tag-egypt-in-the-news tag-enterpriseam tag-hurghada tag-nubia tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>It\u2019s another quiet morning in the pages of the foreign press:<\/strong><\/p>\n<ul>\n<li><strong>Hurghada museum:<\/strong> The new museum opened in Hurghada over the weekend is getting coverage in <a href=\"https:\/\/www.voanews.com\/gallery\/egypt-inaugurates-first-antiquities-museum-hurghada-red-sea\">Voice of America<\/a>, which is out with a photo gallery of the inauguration and some of the antiquities housed within.<\/li>\n<li><strong>Henna tattoos in Nubia:<\/strong> <a href=\"http:\/\/www.xinhuanet.com\/english\/2020-03\/01\/c_138830898_2.htm\">Xinhua looks at<\/a> the popularity of henna tattoos among tourists visiting Nubian villages in Aswan.<\/li>\n<li><strong>Misr El Maqassa football club has sacked its head coach,<\/strong> Nigerian Emmanuel Amuneke, after less than a month on the job, <a href=\"https:\/\/www.bbc.com\/sport\/football\/51692676\">BBC Sport reported<\/a> yesterday. It did not provide reasons for his removal, and said that he will take on the role of the club\u2019s director of academies across Africa.<\/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\/culture\/\">culture<\/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\/hurghada\/\">Hurghada<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/nubia\/\">Nubia<\/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=\"569630\" 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=\"569630\">\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\/03\/02\/egyptian-researchers-develop-canal-to-reduce-water-waste-generate-energy\/\">\r\n                            Egyptian researchers develop canal to reduce water waste, generate energy                        <\/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\/02\/egyptian-researchers-develop-canal-to-reduce-water-waste-generate-energy\/\" 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\/02\/egyptian-researchers-develop-canal-to-reduce-water-waste-generate-energy\/')\">\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\/02\/egyptian-researchers-develop-canal-to-reduce-water-waste-generate-energy\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egyptian researchers develop canal to reduce water waste, generate energy&url=https:\/\/enterpriseam.com\/egypt\/2020\/03\/02\/egyptian-researchers-develop-canal-to-reduce-water-waste-generate-energy\/\">\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\/02\/egyptian-researchers-develop-canal-to-reduce-water-waste-generate-energy\/&title=Egyptian researchers develop canal to reduce water waste, generate energy\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egyptian+researchers+develop+canal+to+reduce+water+waste%2C+generate+energy+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F03%2F02%2Fegyptian-researchers-develop-canal-to-reduce-water-waste-generate-energy%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\/02\/egyptian-researchers-develop-canal-to-reduce-water-waste-generate-energy\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/25.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"569631\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/02\/egyptian-researchers-develop-canal-to-reduce-water-waste-generate-energy\/25-jpg-10\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/25.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"25.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/25.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/25.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-569630\" class=\"content-area-description single-story post-569630 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-watching tag-climate-change tag-enterpriseam tag-environment tag-nile-university tag-renewables tag-water tag-worth-watching wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Egyptian researchers develop canal to reduce water waste, generate energy:<\/strong> Researchers at Egypt\u2019s Nile University have created a prototype solar canal, covered with photovoltaic cells, that reduces levels of evaporation to conserve water, allowing it to be used for agriculture or to produce energy, a Reuters video shows (<a href=\"https:\/\/www.reuters.com\/video\/watch\/idOVC2J9DUV\">watch, runtime 01:16<\/a>). Climate change has accelerated the rate of water evaporation, and finding a way to decrease evaporation can save 2-3 bcm of water in the Nile River, according to the video.<\/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\/climate-change\/\">climate change<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/environment\/\">environment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/nile-university\/\">Nile University<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/water\/\">water<\/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=\"569632\" 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=\"569632\">\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\/03\/02\/russia-and-bangladesh-begin-importing-egyptian-onions\/\">\r\n                            Russia and Bangladesh begin importing Egyptian onions                        <\/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\/02\/russia-and-bangladesh-begin-importing-egyptian-onions\/\" 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\/02\/russia-and-bangladesh-begin-importing-egyptian-onions\/')\">\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\/02\/russia-and-bangladesh-begin-importing-egyptian-onions\/\">\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=Russia and Bangladesh begin importing Egyptian onions&url=https:\/\/enterpriseam.com\/egypt\/2020\/03\/02\/russia-and-bangladesh-begin-importing-egyptian-onions\/\">\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\/02\/russia-and-bangladesh-begin-importing-egyptian-onions\/&title=Russia and Bangladesh begin importing Egyptian onions\">\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=Russia+and+Bangladesh+begin+importing+Egyptian+onions+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F03%2F02%2Frussia-and-bangladesh-begin-importing-egyptian-onions%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\/02\/russia-and-bangladesh-begin-importing-egyptian-onions\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-569632\" class=\"content-area-description single-story post-569632 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-agriculture tag-agriculture-ministry tag-bangladesh tag-diplomacy-foreign-trade tag-enterpriseam tag-food tag-russia tag-trade wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Russia and Bangladesh have begun importing Egyptian onions<\/strong>, Ahmed Al Attar, head of the Agriculture Ministry\u2019s Quarantine Authority, <a href=\"http:\/\/bit.ly\/3cjesNQ\">tells Al Mal<\/a>. Egyptian onions have been subjected to more stringent regulations from several countries, including Saudi Arabia, Kuwait, and Mauritius due to residual pesticides, soil remains, and mold.<\/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\/agriculture\/\">agriculture<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/agriculture-ministry\/\">Agriculture Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/bangladesh\/\">Bangladesh<\/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\/food\/\">food<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/russia\/\">Russia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/trade\/\">trade<\/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=\"569636\" 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=\"569636\">\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\/03\/02\/the-market-yesterday-41\/\">\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\/02\/the-market-yesterday-41\/\" 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\/02\/the-market-yesterday-41\/')\">\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\/02\/the-market-yesterday-41\/\">\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\/02\/the-market-yesterday-41\/\">\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\/02\/the-market-yesterday-41\/&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%2F02%2Fthe-market-yesterday-41%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\/02\/the-market-yesterday-41\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-569636\" class=\"content-area-description single-story post-569636 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 15.57 | Sell 15.70<\/p>\n<p> <strong>EGP \/ USD at CIB:<\/strong> Buy 15.58 | Sell 15.68<br \/>\n <strong>EGP \/ USD at NBE: <\/strong>Buy 15.58 | Sell 15.68<\/p>\n<p><strong>EGX30<\/strong> (Sunday): 12,223 (-6.0%)<br \/>\n <strong>Turnover:<\/strong> EGP 598 mn (2% above the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: -12.46%<\/p>\n<p><strong>THE MARKET ON SUNDAY:<\/strong> The EGX30 ended Sunday\u2019s session down 6.0%. CIB, the index\u2019s heaviest constituent, ended down 5.3%. Yesterday\u2019s worst performing stocks were Orascom Development Egypt down 14.4%, Heliopolis Housing down 13.8% and Ezz Steel down 12.3%. The market turnover was EGP 598 mn, and regional investors were the sole net buyers.<\/p>\n<p><strong>Foreigners<\/strong>: Net short | EGP -9.5 mn<br \/>\n <strong>Regional<\/strong>: Net long | EGP +11.2 mn<br \/>\n <strong>Domestic<\/strong>: Net short | EGP -1.8 mn<\/p>\n<p><strong>Retail<\/strong>: 58.4% of total trades | 58.8% of buyers | 58.0% of sellers<br \/>\n <strong>Institutions<\/strong>: 41.6% of total trades | 41.2% of buyers | 42.0% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 44.76 (-4.95%)<\/p>\n<p><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)<\/p>\n<p><strong>Gold:<\/strong> USD 1,566.70 \/ troy ounce (-4.61%)<\/p>\n<p><strong>TASI:<\/strong> 7,345 (-3.71%) (YTD: -12.45%)<br \/>\n <strong>ADX:<\/strong> 4,723 (-3.62%) (YTD: -6.93%)<br \/>\n <strong>DFM:<\/strong> 2,473 (-4.49%) (YTD: -10.53%)<br \/>\n <strong>KSE Premier Market:<\/strong> 5,991 (-10.98%)<br \/>\n <strong>QE:<\/strong> 9,490 (-0.61%) (YTD: -6.15%)<br \/>\n <strong>MSM:<\/strong> 4,081 (-1.20%) (YTD: +2.52%)<br \/>\n <strong>BB: <\/strong>1,604 (-3.37%) (YTD: -0.35%)<\/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=\"569637\" 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\/02\/569637\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-569637\" class=\"content-area-description single-story post-569637 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>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>16 March (Monday): <a href=\"https:\/\/ent.news\/2020\/3\/Circular-Economic-Summit.pdf\">Circular Economy Summit<\/a>, Cairo.<\/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":569613,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-569612","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"4b0a611f-10c7-4aff-b2f9-74986fb975cb","teaser":"","photo_url":"https:\/\/ent.news\/2020\/3\/18.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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