{"id":569778,"date":"2020-03-08T04:20:12","date_gmt":"2020-03-08T04:20:12","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=569778"},"modified":"2025-12-16T07:07:08","modified_gmt":"2025-12-16T07:07:08","slug":"egypt-has-45-new-covid-19-cases","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/egypt-has-45-new-covid-19-cases\/","title":{"rendered":"Egypt has 45 new covid-19 cases"},"content":{"rendered":"<section id=\"569780\" 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=\"569780\">\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\/08\/what-were-tracking-on-8-march-2020\/\">\r\n                            What we\u2019re tracking on 8 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\/08\/what-were-tracking-on-8-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(); 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Hotels nationwide have been briefed on procedures for staff and guests in the event they think they have a case on their hands. The Minister of Religious Endowments, meanwhile, has said that although cancellation of communal Friday prayers is an option, he\u2019s <a href=\"https:\/\/www.egypttoday.com\/Article\/1\/82386\/No-need-to-cancel-Friday-prayers-over-corona-at-present\">not yet ready to go down that route<\/a>. Meanwhile, Egypt and Kuwait have each suspended flights to the other country in a bid to contain the virus.<\/p>\n<p><strong>Government sets up hotline, website: <\/strong>Citizens can dial 105 to report suspected cases of covid-19 or can visit <a href=\"http:\/\/www.care.gov.eg\/?fbclid=IwAR0WFScvV2C7ULqZZO07G8U-ptAUxwqTBxtNDwmLSZUb0qeZbmhmhgHKW9o\">Care.gov.eg<\/a> for more information on prevention, the virus in Egypt and the government\u2019s response.<\/p>\n<p><strong>The responsible thing to do if you have a cough, runny nose or fever is to quarantine <\/strong><strong>yourself. <\/strong>The New York Times has <a href=\"https:\/\/www.nytimes.com\/2020\/03\/06\/health\/self-quarantine-coronavirus.html\">helpful instructions on that front<\/a>.<\/p>\n<p><strong>The best thing you can read this morning: <\/strong><a href=\"https:\/\/www.wsj.com\/articles\/what-we-can-learn-from-the-20th-centurys-deadliest-pandemic-11583510468\">What we can learn from the 20th century\u2019s<\/a><a href=\"https:\/\/www.wsj.com\/articles\/what-we-can-learn-from-the-20th-centurys-deadliest-pandemic-11583510468\">deadliest pandemic<\/a> by the very smart Dr. Jonathan D. Quick.<\/p>\n<p><strong>SCZone investment conference postponed:<\/strong> The Suez Canal Economic Zone has postponed the investment conference due to take place later this month due to the covid-19 outbreak, it <a href=\"http:\/\/bit.ly\/3azem34\">said in a statement yesterday<\/a>. The event \u2014 scheduled for 21-22 March \u2014 looked to promote the zone as an investment destination for foreign investors.<\/p>\n<p><strong>We have chapter and verse on the virus<\/strong>\u2019 slow-burn spread in Egypt in this morning\u2019s Speed Round, below.<\/p>\n<p><strong>Globally, we breached 100k cases at the weekend, with 3.4k people now having died as a result of c<\/strong><strong>ovid-19.<\/strong> The tally on coronavirus cases continues ticking as the virus marked its imprint on at least 90 countries, seven of which have just seen their first cases reported on Friday, <a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus\/coronavirus-infects-100000-plus-worldwide-21-cases-found-on-ship-off-san-francisco-idUSKBN20T1G4\">Reuters reports<\/a>.<\/p>\n<p><strong>Containment of the epidemic should be made every country\u2019s top priority<\/strong>, the World Health Organization warned, singling out Iran\u2019s efforts (aka concealment) as an example of exactly what not to do. <strong>But the WHO is still holding back from officially declaring a pandemic:<\/strong> \u201cUnless we\u2019re convinced it\u2019s uncontrollable, why [would] we call it a pandemic?\u201d said WHO director-general Tedros Adhanom Ghebreyesus, <a href=\"https:\/\/apnews.com\/16cd6173232a01ec04780db3eea4de79\">according to the AP<\/a>.<\/p>\n<p><strong>Iran has threatened to use force to suspend domestic travel<\/strong>, t<a href=\"https:\/\/www.smh.com.au\/world\/middle-east\/iran-warns-it-could-use-force-to-halt-travel-amid-virus-20200306-p547rd.html\">he Sydney Morning Herald<\/a><a href=\"https:\/\/www.smh.com.au\/world\/middle-east\/iran-warns-it-could-use-force-to-halt-travel-amid-virus-20200306-p547rd.html\">reported<\/a>. This came after <a href=\"https:\/\/english.alarabiya.net\/en\/views\/news\/middle-east\/2020\/03\/05\/Coronavirus-to-infect-up-to-40-of-Tehran-s-population-within-next-two-weeks.html\">an Iranian health expert warned<\/a> that up to 40% of Tehran\u2019s 9 mn population could become infected by the end of the Persian month and <a href=\"https:\/\/www.thejakartapost.com\/news\/2020\/03\/06\/adviser-to-irans-foreign-minister-dies-of-coronavirus.html\">an advisor to the foreign minister died<\/a> from the virus.<\/p>\n<p><strong>Italy just locked-down an entire province:<\/strong> Italians living in the populous northern province of Lombardy will not be allowed to enter or exit as the government takes increasingly drastic steps to contain the outbreak, which has so far infected 5,883 people and killed 233, <a href=\"https:\/\/www.theguardian.com\/world\/2020\/mar\/07\/italy-set-to\">the Guardian reports<\/a>. All public events will be banned, and people caught trying to enter or exit the province will be fined. The government <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5561105a-f204-46e8-a5d5-32bb50b0495e\">last week announced<\/a> that schools and universities across the country will be closed until 15 March and that all Serie A football matches will be closed to the public.<\/p>\n<p class=\"web-image\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-03-05\/asia-stocks-to-slide-bonds-soar-on-virus-worries-markets-wrap?sref=mmeFTDW1\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/SP500-March2020-1600px.jpg?ssl=1\" alt=\"enterprise\" \/><\/a><\/p>\n<p><a id=\"tldr-story-02\" class=\"content-anchor\"><\/a> <strong>Friday trading was wild as fears of covid-19 again pushed stocks into the red:<\/strong> A last minute rally helped US stocks to claw back some of the losses sustained early on Friday to end a wild week of trading on Wall Street. The S&P 500 finished the day 1.7% in the red having fallen as much as 4% earlier in the day, with 2.4% being added in the final minutes of trading, <a href=\"https:\/\/www.ft.com\/content\/9f94d6f8-5f51-11ea-b0ab-339c2307bcd4\">according to the Financial Times<\/a>. The late surge was caused by investors not wanting to be out of the market in case there was some good news about containing the covid-19 outbreak, said Max Gokhman, head of asset allocation for Pacific Life Fund Advisors. This drove the VIX index \u2014 a measure of share market volatility \u2014 to a new nine-year high.<\/p>\n<p><strong>The US bond market continued to make history as yields fell through the floor:<\/strong> The yield on the benchmark US 10-year bond collapsed to as low as 0.66%, having fallen past the 1% handle for the first time in history just two days before. \u201cThese low yields are no badge of honor for the bond market,\u201d <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-03-06\/bond-markets-shred-history-books-in-grip-of-furious-fear-trade?sref=mmeFTDW1\">said Mark Spindel<\/a>, chief executive officer of Potomac River Capital. \u201cThey are indicative of a very downbeat, if not dire, view of the economic outlook.\u201d<\/p>\n<p><strong>We have more figures revealing just how much covid-19 is affecting the Chinese <\/strong><strong>economy:<\/strong> Chinese exports plunged 17.2% in the first two months of the year as the virus outbreak disrupted global supply chains and economic activity, <a href=\"https:\/\/www.cnbc.com\/2020\/03\/07\/coronavirus-china-jan-feb-2020-trade-data-reflects-outbreaks-impact.html\">Reuters reports<\/a>. This compares to a 14% drop predicted by a Reuters poll of analysts.<\/p>\n<p><strong>The virus could cost the global economy USD 2.7 tn in lost output: <\/strong>Drawing on both plummeting consumer sales and slowing industrial operations in China and taking into account disruptions in global trade, supply chains and tourism, the worst of four doom and gloom scenarios conjured up by <a href=\"https:\/\/www.bloomberg.com\/graphics\/2020-coronavirus-pandemic-global-economic-risk\/?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg Economics<\/a> suggests a USD 2.7 tn loss to the global economy in 2020 if the virus remains on its current trajectory. Losses could potentially be curbed and even recouped in 2Q2020 if rapid containment becomes a reality but given the virus\u2019 spread to less authoritarian countries which would find it harder to <a href=\"https:\/\/www.nytimes.com\/2020\/01\/22\/world\/asia\/coronavirus-quarantines-history.html\">shut down an 11 mn person city,<\/a> that outcome looks unlikely.<\/p>\n<p class=\"web-image\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-03-07\/saudis-plan-big-oil-output-hike-beginning-all-out-price-war?sref=mmeFTDW1\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/Aramco-prices-March2020-1600px.jpg?ssl=1\" alt=\"enterprise\" \/><\/a><\/p>\n<p><strong>Commodities also continue to feel sting as crude takes massive one day hit: <\/strong>Oil prices dropped more than 9% to their lowest level in three years on Friday after Opec and Russia failed to reach an agreement to cut production in response to covid-19, the <a href=\"https:\/\/www.ft.com\/content\/10f3e9d2-5f94-11ea-8033-fa40a0d65a98\">Financial Times reports<\/a>. The Russian-led group that has coordinated with the cartel to support oil prices since 2016 dismissed calls by Saudi Arabia to make another 1.5 mn bbl\/d in supply curbs in addition to the existing cuts of 2.1 mn bbl\/d.<\/p>\n<p><strong>Cue an \u201call-out oil war\u201d:<\/strong> Saudi Arabia has made the deepest price cuts to its main grades in at least 20 years, launching what <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-03-07\/saudi-aramco-slashes-crude-prices-kicking-off-price-war?sref=mmeFTDW1\">Bloomberg is calling<\/a> an \u201call-out oil war\u201d in response to Russia\u2019s refusal to play ball. Saudi Aramco slashed its April pricing by USD 4-6\/bbl for Asia and USD 7\/bbl for the US. <strong>Moscow\u2019s refusal to cut its output is being motivated by a <\/strong><strong>desire to wipe out the burgeoning US shale oil industry<\/strong>, Alexander Dynkin, president of the state-run Institute of World Economy and International Relations in Moscow, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-03-07\/putin-dumps-mbs-to-start-a-war-on-america-s-shale-oil-industry?srnd=premium-middle-east&sref=mmeFTDW1\">told Bloomberg<\/a>.<\/p>\n<hr class=\"grey-line\" \/>\n<p><strong>IN NON-COVID-19 NEWS: Foreign Minister Sameh Shoukry is on a regional tour<\/strong> that see him visit Jordan before heading to Saudi Arabia, Iraq, Kuwait, Oman, Bahrain and the UAE, <a href=\"http:\/\/bit.ly\/2xlpe6r\">The ministry said in a<\/a><a href=\"http:\/\/bit.ly\/2xlpe6r\">statement yesterday<\/a>. Though the statement is light on details, you can expect the latest developments in our dispute with Ethiopia over the Grand Ethiopian Renaissance Dam to be on the agenda (more on this in this morning\u2019s Speed Round below).<\/p>\n<p><strong>Inflation figures for February will be released on Tuesday, 10 March.<\/strong> Price growth accelerated for the third consecutive month in January, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7d516919-c014-4ca0-80eb-af55172d83bd\">rising slightly to 7.2%<\/a> from 7.1% in December.<\/p>\n<p>Events coming up this month:<\/p>\n<ul>\n<li><strong>Our friends at AmCham will host Planning and Economic Development Minister Hala El Said for its monthly luncheon<\/strong> on Thursday, 12 March. El Said will discuss the future of Egypt\u2019s economic development agenda. Members can <a href=\"https:\/\/www.amcham.org.eg\/login\/login.asp?ReturnUrl=%2Fcyberlink%2Fevents%2Fregister%2F1260\">register for the event here<\/a>.<\/li>\n<li><strong><a href=\"http:\/\/bit.ly\/2VRy4TC\">The Annual Export Summit<\/a><\/strong><strong> will be held on 24 March<\/strong> at the Nile Ritz Carlton.<\/li>\n<\/ul>\n<p class=\"web-image stand-out-borderless\"><a href=\"http:\/\/somabay.com\/\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/Hauser-1600px.jpg?ssl=1\" alt=\"enterprise\" \/><\/a><\/p>\n<p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/Lebanon-protests-1600px.jpg?ssl=1\" alt=\"enterprise\" \/><\/p>\n<p><strong>Lebanon is set to default on USD 1.2 bn debt:<\/strong> Lebanon will default on its USD 1.2 bn eurobond payment due Monday and will negotiate new payment terms with its creditors, Prime Minister Hassan Diab said yesterday, <a href=\"https:\/\/www.nytimes.com\/2020\/03\/07\/world\/middleeast\/lebanon-debt-financial-crisis.html\">according to the New York Times<\/a>. \u201cThe reserves of hard currency have reached a critical and dangerous level...It is necessary to use these funds to secure the basic needs of the Lebanese people,\u201d he said in a televised statement, adding that the government will hold talks with its creditors to restructure the rest of its USD 31 bn debt, without providing details. (<a href=\"https:\/\/www.nytimes.com\/2020\/03\/07\/world\/middleeast\/lebanon-debt-financial-crisis.html\">New York Times<\/a> | <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-03-07\/lebanon-won-t-repay-maturing-eurobonds-with-economy-in-turmoil\">Bloomberg<\/a> | <a href=\"https:\/\/www.bbc.com\/news\/world-middle-east-51785690\">BBC<\/a> | <a href=\"https:\/\/www.ft.com\/content\/951a6386-6097-11ea-a6cd-df28cc3c6a68\">FT<\/a> | <a href=\"https:\/\/www.theguardian.com\/world\/2020\/mar\/07\/lebanon-to-default-on-debt-for-first-time-amid-financial-crisis\">The Guardian<\/a>)<\/p>\n<p><strong>Two prominent Saudi royal family members were detained on Friday for an <\/strong><strong>alleged coup attempt,<\/strong> the <a href=\"https:\/\/www.wsj.com\/articles\/top-saudi-royal-family-members-detained-11583531033?mod=hp_lead_pos5\">Wall Street Journal reports<\/a>. Prince Ahmed bin Abdulaziz al Saud, brother of Saudi King Salman, and Prince Mohammed bin Nayef bin Abdulaziz al Saud, Salman\u2019s nephew, now face lifetime imprisonment or execution on charges of treason. Both princes have held senior positions in the Saudi royal court and were at one time in line for the throne.<\/p>\n<p><strong>Two people blew themselves up near the US Embassy in Tunisia on Friday<\/strong> in what local authorities are recognizing as a targeted attack on an embassy security patrol, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-03-06\/suicide-attack-jolts-tunisia-as-new-leaders-aim-to-lure-tourists?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg reports<\/a>.<\/p>\n<hr class=\"grey-line\" \/>\n<p><strong>Egypt\u2019s Amina Ismail wins Reuters Reporter of the Year award:<\/strong> Amina Ismail (<a href=\"https:\/\/eg.linkedin.com\/in\/amina-ismail-00086116\">LinkedIn<\/a>) <a href=\"https:\/\/twitter.com\/nancyayoussef\/status\/1235964526492815361\">was named reporter of the year 2019<\/a> for her work covering Egypt and the wider region.<\/p>\n<p><strong>PSA #1- <\/strong><strong>Clocks spring forward in much of the United States and Canada today <\/strong>as daylight savings time ends. Egypt did away with the spring forward \/ fall back ritual after a year in which the time changed four times.<\/p>\n<p><strong>PSA #2- If you think it\u2019s hot today, wait for tomorrow. <\/strong>The mercury is set to peak today at 27\u00b0C before spiking to 32\u00b0C tomorrow \u2014 corona killing weather, we\u2019re hoping. Our favourite weather app cautions that we\u2019re looking at cool weather by the weekend with a chance of rain and highs of 18-20\u00b0C Friday and Saturday.<\/p>\n<p><strong>PSA# 3- That plastic EGP 10 note isn\u2019t a fake. <\/strong>The Central Bank of Egypt will start rolling out EGP 10 notes made of plastic (much like Canada and Australia). Look for the notes to hit the streets later this year, the CBE Deputy Governor Gamal Negm said.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/bonds\/\">Bonds<\/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                <!-- <span 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class=\"stk-column-wrapper stk-block-column__content stk-container stk-37f80sa-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-37f80sa-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240925.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/weareinfinity.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/27483.png?fit=300%2C300&#038;ssl=1\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Powering with nature<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-fto3i2w\" data-v=\"4\" data-block-id=\"fto3i2w\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-fto3i2w-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-fto3i2w-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240926.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.qalaaholdings.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/110691.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Driving growth<\/span>\r\n             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   <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\/08\/talk-shows-break-down-nile-boat-covid-19-cases-kuwaiti-travel-restrictions\/\">\r\n                            Talk shows break down Nile boat covid-19 cases, Kuwaiti travel restrictions                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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href=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/08\/talk-shows-break-down-nile-boat-covid-19-cases-kuwaiti-travel-restrictions\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-569782\" class=\"content-area-description single-story post-569782 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-arab-league tag-egyptair tag-enterprise-last-nights-talk-shows tag-enterpriseam tag-kuwait tag-matrouh tag-travel wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Covid-19 and GERD continued to fill the nation\u2019s airwaves last night: <\/strong>Al Hayah Al Youm\u2019s Lobna Assal reported on the 12 cases that were first tested positive for the covid-19 virus after having been on board a Luxor Nile cruise boat. The number of positive cases had increased to 44 after persons they had come into contact with were also tested, the report noted. They were airlifted to a quarantine facility in a Marsa Matrouh hospital <a href=\"https:\/\/youtu.be\/bVSIbj6bMqQ\">(watch, runtime: 3:07)<\/a>, <a href=\"https:\/\/youtu.be\/MA5QdPK-RxM\">(watch, runtime: 2:27)<\/a>. Min Masr\u2019s Amr Khalil aired the same report <a href=\"https:\/\/youtu.be\/pqjvBx22bCc\">(watch, runtime: 4:48)<\/a>.<\/p>\n<p><strong>Travel to Kuwait on hold:<\/strong> Assal also reported on EgyptAir\u2019s cancellation of flights to Kuwait. The decision comes on the heels of Kuwait\u2019s decision to suspend travel from several countries, including Egypt, for a week starting on 9 March over covid-19 fears <a href=\"https:\/\/youtu.be\/FVCyD0ww8UU\">(watch, runtime: 0:30)<\/a>. Khalil carried the same report <a href=\"https:\/\/youtu.be\/HgjgVv_cN8o\">(watch, runtime: 0:59)<\/a>.<\/p>\n<p><strong>GERD talks still contentious:<\/strong> Assal also again reviewed the joint statement by Arab foreign ministers presented at the Arab League to condemn Ethiopia\u2019s latest position over the Grand Ethiopian Renaissance Dam. Sudanese officials had also expressed their \u201creservations\u201d that Ethiopia\u2019s resolution does not serve their interests and might lead to confrontation <a href=\"https:\/\/youtu.be\/I7a-GzzeKAQ\">(watch, runtime: 4:45)<\/a>. Masaa DMC\u2019s Eman El Hosary also carried the report <a href=\"https:\/\/youtu.be\/22FgGITZdTs\">(watch, runtime: 4:51)<\/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\/arab-league\/\">Arab League<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egyptair\/\">EgyptAir<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-last-nights-talk-shows\/\">Enterprise+: Last Night\u2019s Talk Shows<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/kuwait\/\">Kuwait<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/matrouh\/\">Matrouh<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/travel\/\">travel<\/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=\"569783\" 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=\"569783\">\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\/08\/45-nile-cruise-passengers-test-positive-for-covid-19\/\">\r\n                            45 Nile cruise passengers test positive for covid-19                        <\/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\/08\/45-nile-cruise-passengers-test-positive-for-covid-19\/\" 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\/08\/45-nile-cruise-passengers-test-positive-for-covid-19\/')\">\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\/08\/45-nile-cruise-passengers-test-positive-for-covid-19\/\">\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=45 Nile cruise passengers test positive for covid-19&url=https:\/\/enterpriseam.com\/egypt\/2020\/03\/08\/45-nile-cruise-passengers-test-positive-for-covid-19\/\">\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\/08\/45-nile-cruise-passengers-test-positive-for-covid-19\/&title=45 Nile cruise passengers test positive for covid-19\">\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=45+Nile+cruise+passengers+test+positive+for+covid-19+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F03%2F08%2F45-nile-cruise-passengers-test-positive-for-covid-19%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\/08\/45-nile-cruise-passengers-test-positive-for-covid-19\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/84.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"569784\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/08\/45-nile-cruise-passengers-test-positive-for-covid-19\/84-jpg-14\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/84.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"84.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/84.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/84.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-569783\" class=\"content-area-description single-story post-569783 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round tag-covid-19 tag-cruise-boat tag-enterpriseam tag-hala-el-zayed tag-health-minister tag-khlaed-al-anany tag-moahmed-manar tag-moustafa-madbouly tag-prime-minister tag-speed-round wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a id=\"tldr-story-01\" class=\"content-anchor\"><\/a> <strong>CORONA WATCH- <\/strong><strong>45 people linked to a Nile cruise <\/strong><strong>test positive for covid-19<\/strong><strong>: <\/strong>Thirty-three passengers and 12 crew members on a Nile cruise ship in Luxor tested positive for covid-19 at the weekend, <a href=\"http:\/\/bit.ly\/2TP1n6q\">Health Minister Hala Zayed said at a press conference yesterday<\/a>. Twelve people from the ship had already been confirmed as infected with the virus, but Zayed said that another 33 had picked it up, bringing the total number of cases to 45. None of the patients displayed symptoms of the virus. A Taiwanese American on board who tested positive on returning home was identified as the original carrier of the virus, she said. There were 171 people on board the vessel, including 101 tourists and 70 Egyptian workers. All positive cases were airlifted to a quarantine facility at a hospital in Marsa Matrouh, <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1478573\">Al Masry Al Youm reports<\/a>.<\/p>\n<p><strong>There are three other cases that have tested positive in Egypt,<\/strong> the minister noted. The first, a Chinese national, was discovered on 13 February and tested negative after 48 hours. Five co-workers and 308 others that had made indirect contact with him were held for 14 days and tested negative. A Canadian oil engineer in the Western Desert tested positive on 2 March. Some 2,555 co-workers and 3,875 direct contacts were held and tested for 14 days, and another 890 possible contacts self-isolated for the same period, all testing negative, the minister said. The third patient is a 44-year-old Egyptian who had returned from Serbia on 5 March, after transiting in Paris for 12 hours. Some 42 potential contacts cases that have come into contact with him have all tested negative.<\/p>\n<p><strong>Some 250k thermal scanners have been purchased for deployment at ports nationwide <\/strong><strong>by <\/strong><strong>Tuesday 9 March<\/strong>, Prime Minister Moustafa Madbouly said at the press conference. There are now <strong>eight laboratories across Egypt capable of diagnosing the virus<\/strong>, he said, adding that the state \u201cwill not hesitate to take any measures necessary to protect Egyptian citizens.\u201d He said the health, tourism, and aviation ministers will be traveling to Luxor today to assure tourists and citizens alike. He added that Egypt will deal with cases with transparency, following the guidelines of international organizations including the WHO.<\/p>\n<p>We understand that <strong>only government labs are going to be doing PCR testing for the virus <\/strong><strong>that causes covid-19 <\/strong>(in keeping with practices in most other countries) despite Speed Medical saying in February that it was <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7599a0b0-d5ca-4d9e-9db8-03f99564dd5f\">importing PCR test kits<\/a>.<\/p>\n<p><strong>The government is rolling out measures within a week to help mitigate the economic <\/strong><strong>impact on Egypt of the global covid-19 outbreak<\/strong>, Planning Minister Hala Al Said <a href=\"https:\/\/alborsaanews.com\/2020\/03\/07\/1304682\">said on the sidelines<\/a> of the \u201cShe Can\u201d conference at the American University in Cairo. She added that it is difficult to estimate the scale of the impact the virus will have on the economy but it is likely to be significant given the volume of trade relations between Egypt and China, and the size of the latter\u2019s output in the global economy.<\/p>\n<p><strong>Greece has reported 14 new cases in the country, 11 of which have links to Egypt <\/strong>and Israel on a religious pilgrimage to holy sites in both countries, <a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-greece\/coronavirus-cases-rise-to-45-in-greece-after-group-trip-to-israel-egypt-idUSKBN20T1MC\">Reuters reports<\/a>. <strong>At least five cases in Houston also have links to Egypt<\/strong>, according to <a href=\"https:\/\/www.khou.com\/article\/news\/health\/coronavirus\/3-houston-area-people-who-tested-positive-for-coronavirus-recently-traveled-to-egypt\/285-3af9f1f4-0dff-4caf-9ec3-42b74e3a5207\">local media reports<\/a>.<\/p>\n<p><strong>Kuwait calls on nationals to evacuate Egypt, suspends flights: <\/strong>The Kuwaiti Health Ministry is calling on Kuwaiti nationals living in Egypt to return home, <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1478504\">Al Masry Al Youm reports<\/a>. The Kuwaiti Cabinet decided in an emergency meeting to suspend flights to Egypt and six other countries for a week, the state news agency <a href=\"https:\/\/www.kuna.net.kw\/ArticleDetails.aspx?id=2874571\">KUNA reported<\/a>. The list comes in addition to a prior suspension placed on flights from China, Hong Kong, Iran, South Korea, Thailand, Italy, Singapore, Japan and Iraq.<\/p>\n<p><strong>Saudi Arabia has called on those traveling to the kingdom from Egypt to self-quarantine <\/strong><strong>for 14 days<\/strong>, the <a href=\"https:\/\/www.nytimes.com\/reuters\/2020\/03\/07\/world\/middleeast\/07reuters-health-coronavirus-saudi.html?searchResultPosition=1\">New York Times reports<\/a> on Saturday, citing the country\u2019s Health Ministry. The request was also made to travelers coming from Italy, Lebanon and South Korea. Saudi Arabia <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5561105a-f204-46e8-a5d5-32bb50b0495e\">had suspended the Umrah pilgrimage<\/a> for locals and residents over covid-19 on Thursday.<\/p>\n<p><strong>Hotels will be ramping up preventative measures in response to the most recently <\/strong><strong>detected outbreak aboard the Nile cruise,<\/strong> <a href=\"http:\/\/english.ahram.org.eg\/NewsContentP\/1\/364799\/Egypt\/Egypt-ups-preventive-measures-at-hotels-nationwide.aspx\">Ahram Online reports<\/a>. Abdel Fattah El Assi, head of the Tourism Ministry department responsible for hotels and resorts, said the government has made sure to distribute World Health Organization leaflets on the virus which include precautionary measures to help prevent spread.<\/p>\n<p><strong>The story is leading the conversation on Egypt <\/strong>in the foreign press this morning: <a href=\"https:\/\/apnews.com\/6903f73a46a0eda9fb550de039826cc3\">AP<\/a> | <a href=\"https:\/\/www.nytimes.com\/reuters\/2020\/03\/07\/world\/middleeast\/07reuters-health-coronavirus-egypt.html?searchResultPosition=3\">Reuters<\/a> | <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-03-07\/egypt-confirms-another-33-covid-19-cases-from-nile-cruise-boat?sref=mmeFTDW1\">Bloomberg<\/a> | <a href=\"https:\/\/www.nytimes.com\/2020\/03\/06\/world\/middleeast\/egypt-nile-coronavirus.html\">NYT<\/a> | <a href=\"https:\/\/www.washingtonpost.com\/world\/on-the-nile-american-tourists-among-those-quarantined-on-ship-hit-by-coronavirus\/2020\/03\/07\/51b0f29a-60a1-11ea-ac50-18701e14e06d_story.html\">Washington Post<\/a> | <a href=\"https:\/\/www.theguardian.com\/world\/2020\/mar\/07\/egypt-announces-33-new-covid-19-cases-on-cruise-ship\">The Guardian<\/a> | <a href=\"https:\/\/www.rt.com\/news\/482583-egypt-cruise-ship-coronavirus\/\">Russia Today<\/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\/cruise-boat\/\">cruise boat<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hala-el-zayed\/\">Hala El Zayed<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/health-minister\/\">Health Minister<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/khlaed-al-anany\/\">Khlaed Al Anany<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/moahmed-manar\/\">Moahmed Manar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/moustafa-madbouly\/\">Moustafa Madbouly<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/prime-minister\/\">prime minister<\/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=\"569799\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"569800\" 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=\"569800\">\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\">THE MACRO PICTURE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/08\/global-growth-could-fall-to-1-this-year-iif\/\">\r\n                            Global growth could fall to 1% this year -IIF                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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src=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/88.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"569801\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/08\/global-growth-could-fall-to-1-this-year-iif\/88-jpg-18\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/88.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"88.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/88.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/88.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-569800\" class=\"content-area-description single-story post-569800 post type-post status-publish format-standard has-post-thumbnail hentry category-the-macro-picture tag-china tag-covid-19 tag-economy tag-emerging-markets tag-enterpriseam tag-institute-of-international-finance tag-manufacturing tag-the-macro-picture tag-us 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-08\"><\/a> <strong>Global growth could fall to 1% this year -IIF: <\/strong>Global economic growth could fall to just 1% this year due to the impact of the covid-19 outbreak on the services and manufacturing sectors, the International Institute of Finance (IIF) has said. In a report published on Thursday, the financial association said it has lowered growth forecasts for the US economy to 1.3% in 2020 (down from 2% previously) and to less than 4% for the Chinese economy (from 5.9% previously). This could result in global growth of just 1% through the rest of the year, more than two times lower than the 2.6% achieved in 2019 and the lowest since the financial crisis.<\/p>\n<p><strong>Manufacturing clearly hit, effect on services still unclear:<\/strong> The IIF is reconsidering its \u2018no recession\u2019 prediction made last year when it became clear that the cause of the manufacturing slowdown was rooted in inventory overhang rather than supply chain disruptions. The virus has radically changed the outlook for the sector which is now suffering from a serious supply shock. But the true extent of the fallout will depend on the services sector, \u201cwhere the severity of effects depends on the scale of contagion and resulting containment measures,\u201d the IIF wrote.<\/p>\n<p><strong>The pressure on emerging markets is increasing, but Fed emergency cut provides cover for further easing: <\/strong>Emerging markets central banks taking cues from the US Federal Reserve could cut rates without risking devalued currencies, the IIF says. This is important in \u201chigh carry, low growth\u201d countries such as Mexico and South Africa, but also holds true in other places. After the Fed\u2019s dramatic 50 bps emergency cut <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c8ef11e0-25fc-4d1c-98cc-74ef23618890\">last week<\/a>, coordinated easing could prove a key tool to maintain EM growth and support the global economy.<\/p>\n<p><strong>The situation is still highly uncertain:<\/strong> \u201cThe range of potential outcomes is large and depends on the spread of the virus and resulting economic fall-out, all of which are highly uncertain at this stage,\u201d the IIF wrote. \u201c The range of possible outcomes is large and uncertainty around any<\/p>\n<p>forecast bigger than under normal circumstances.\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\/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                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/emerging-markets\/\">emerging markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/institute-of-international-finance\/\">Institute of International Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-macro-picture\/\">THE MACRO PICTURE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us\/\">US<\/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=\"569802\" 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=\"569802\">\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\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/08\/egypt-in-the-news-on-8-march-2020\/\">\r\n                            Egypt in the News on 8 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\/08\/egypt-in-the-news-on-8-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\/08\/egypt-in-the-news-on-8-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\/08\/egypt-in-the-news-on-8-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 8 March 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/03\/08\/egypt-in-the-news-on-8-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\/08\/egypt-in-the-news-on-8-march-2020\/&title=Egypt in the News on 8 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+8+March+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F03%2F08%2Fegypt-in-the-news-on-8-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\/08\/egypt-in-the-news-on-8-march-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-569802\" class=\"content-area-description single-story post-569802 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-egypt-in-the-news tag-enterpriseam tag-finance tag-gamal-abdel-nasser tag-history tag-human-rights tag-literature tag-religion tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The discovery of 45 cases of covid-19 on a Nile cruise ship in Luxor at the weekend is<\/strong> <strong>leading the conversation in the foreign press.<\/strong> We have chapter and verse on this in this morning\u2019s Speed Round, above.<\/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-in-the-news\/\">Egypt in the News<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/finance\/\">Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gamal-abdel-nasser\/\">Gamal Abdel Nasser<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/history\/\">History<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/human-rights\/\">human rights<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/literature\/\">literature<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/religion\/\">Religion<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <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=\"569803\" 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=\"569803\">\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\/08\/madbouly-meets-egyptian-wto-candidate-to-discuss-campaign-ideas\/\">\r\n                            Madbouly meets Egyptian WTO candidate to discuss campaign ideas                        <\/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\/08\/madbouly-meets-egyptian-wto-candidate-to-discuss-campaign-ideas\/\" 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\/08\/madbouly-meets-egyptian-wto-candidate-to-discuss-campaign-ideas\/')\">\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\/08\/madbouly-meets-egyptian-wto-candidate-to-discuss-campaign-ideas\/\">\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=Madbouly meets Egyptian WTO candidate to discuss campaign ideas&url=https:\/\/enterpriseam.com\/egypt\/2020\/03\/08\/madbouly-meets-egyptian-wto-candidate-to-discuss-campaign-ideas\/\">\n                    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              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\/08\/madbouly-meets-egyptian-wto-candidate-to-discuss-campaign-ideas\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-569803\" class=\"content-area-description single-story post-569803 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-diplomacy-foreign-trade tag-enterpriseam tag-madbouly tag-world-trade-organization wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Prime Minister Moustafa Madbouly met on Thursday with Hamid Mamdouh to discuss his campaign to run for the director-general of the World Trade Organization (WTO), <a href=\"http:\/\/bit.ly\/2Isx3cT\">according to a statement<\/a>. Mamdouh (<a href=\"https:\/\/www.linkedin.com\/in\/abdel-hamid-mamdouh-b897aba\/?originalSubdomain=ch\">LinkedIn<\/a>) is aiming to get the support of African and Arab countries to back his position for the role. He has 27 years of experience in the field and is now the senior council for US law firm King and Spalding <a href=\"http:\/\/www.ictsd.org\/about-us\/hamid-mamdouh\">after previously being<\/a> the director of the WTO\u2019s Trade in Services and Investment Division.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy-foreign-trade\/\">Diplomacy + Foreign Trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/madbouly\/\">Madbouly<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-trade-organization\/\">World Trade Organization<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"569804\" 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=\"569804\">\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\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/08\/pharos-energy-confirms-interest-in-shells-egypt-assets\/\">\r\n                            Pharos Energy confirms interest in Shell\u2019s Egypt assets                        <\/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\/08\/pharos-energy-confirms-interest-in-shells-egypt-assets\/\" 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\/08\/pharos-energy-confirms-interest-in-shells-egypt-assets\/')\">\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\/08\/pharos-energy-confirms-interest-in-shells-egypt-assets\/\">\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=Pharos Energy confirms interest in Shell\u2019s Egypt assets&url=https:\/\/enterpriseam.com\/egypt\/2020\/03\/08\/pharos-energy-confirms-interest-in-shells-egypt-assets\/\">\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\/08\/pharos-energy-confirms-interest-in-shells-egypt-assets\/&title=Pharos Energy confirms interest in Shell\u2019s Egypt assets\">\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=Pharos+Energy+confirms+interest+in+Shell%E2%80%99s+Egypt+assets+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F03%2F08%2Fpharos-energy-confirms-interest-in-shells-egypt-assets%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\/08\/pharos-energy-confirms-interest-in-shells-egypt-assets\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-569804\" class=\"content-area-description single-story post-569804 post type-post status-publish format-standard hentry category-energy tag-energy tag-enterpriseam tag-oil-and-gas tag-pharos-energy tag-shell wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a href=\"https:\/\/www.pharos.energy\/\">Pharos Energy<\/a> has confirmed its interest in purchasing Shell\u2019s onshore oil and gas assets in Egypt\u2019s Western Desert as part of a consortium, and has said <a href=\"https:\/\/www.londonstockexchange.com\/exchange\/news\/market-news\/market-news-detail\/PHAR\/14450906.html\">in<\/a><a href=\"https:\/\/www.londonstockexchange.com\/exchange\/news\/market-news\/market-news-detail\/PHAR\/14450906.html\">a filing<\/a><a href=\"https:\/\/www.londonstockexchange.com\/exchange\/news\/market-news\/market-news-detail\/PHAR\/14450906.html\">to the London Stock Exchange<\/a> it is in the initial stages of evaluation. The interest doesn\u2019t necessarily guarantee that a proposal will be made to Shell or that a transaction will take place, the company said. We took note of the story <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e533ad73-09c1-4f8e-8bf8-486a950e322e\">late last month<\/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\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/oil-and-gas\/\">oil and gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pharos-energy\/\">Pharos Energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/shell\/\">Shell<\/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=\"569805\" 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=\"569805\">\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\">Infrastructure<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/08\/koreas-cgn-tapped-to-manage-borg-el-arab-port\/\">\r\n                            Korea\u2019s CGN tapped to manage Borg El Arab port                        <\/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\/08\/koreas-cgn-tapped-to-manage-borg-el-arab-port\/\" 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\/08\/koreas-cgn-tapped-to-manage-borg-el-arab-port\/')\">\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\/08\/koreas-cgn-tapped-to-manage-borg-el-arab-port\/\">\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=Korea\u2019s CGN tapped to manage Borg El Arab port&url=https:\/\/enterpriseam.com\/egypt\/2020\/03\/08\/koreas-cgn-tapped-to-manage-borg-el-arab-port\/\">\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\/08\/koreas-cgn-tapped-to-manage-borg-el-arab-port\/&title=Korea\u2019s CGN tapped to manage Borg El Arab port\">\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=Korea%E2%80%99s+CGN+tapped+to+manage+Borg+El+Arab+port+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F03%2F08%2Fkoreas-cgn-tapped-to-manage-borg-el-arab-port%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\/08\/koreas-cgn-tapped-to-manage-borg-el-arab-port\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-569805\" class=\"content-area-description single-story post-569805 post type-post status-publish format-standard hentry category-infrastructure tag-enterpriseam tag-infrastructure tag-korea wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Korean infrastructure company <a href=\"http:\/\/en.cgnpc.com.cn\/encgn\/c100094\/korea.shtml\">CGN<\/a> is being considered to manage the dry port at Borg El Arab, <a href=\"https:\/\/alborsaanews.com\/2020\/03\/07\/1304662\">the local press reports<\/a>. Chairman of the Commission for Dry Ports Amro Ismail said that the company has submitted a proposal to manage the dry port, constructing railway links to distribution routes. The report did not provide a value or timeline for the transaction, except to say it was targeting completion 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\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/korea\/\">Korea<\/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=\"569806\" 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=\"569806\">\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\">Legislation + Policy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/08\/new-retail-stores-bill-comes-into-effect-shop-owners-told-to-comply\/\">\r\n                            New Retail Stores Bill comes into effect, shop owners told to comply                        <\/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\/08\/new-retail-stores-bill-comes-into-effect-shop-owners-told-to-comply\/\" 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\/08\/new-retail-stores-bill-comes-into-effect-shop-owners-told-to-comply\/')\">\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\/08\/new-retail-stores-bill-comes-into-effect-shop-owners-told-to-comply\/\">\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=New Retail Stores Bill comes into effect, shop owners told to comply&url=https:\/\/enterpriseam.com\/egypt\/2020\/03\/08\/new-retail-stores-bill-comes-into-effect-shop-owners-told-to-comply\/\">\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\/08\/new-retail-stores-bill-comes-into-effect-shop-owners-told-to-comply\/&title=New Retail Stores Bill comes into effect, shop owners told to comply\">\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=New+Retail+Stores+Bill+comes+into+effect%2C+shop+owners+told+to+comply+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F03%2F08%2Fnew-retail-stores-bill-comes-into-effect-shop-owners-told-to-comply%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\/08\/new-retail-stores-bill-comes-into-effect-shop-owners-told-to-comply\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-569806\" class=\"content-area-description single-story post-569806 post type-post status-publish format-standard hentry category-legislation-policy tag-enterpriseam tag-legislation tag-legislation-policy tag-regulation tag-retail wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The recently ratified <a href=\"https:\/\/enterprise.press\/stories\/2018\/12\/11\/bill-that-would-regulate-egypts-retail-industry-making-its-way-through-the-house-of-representatives\/\">Retail Stores Bill<\/a>, which imposes new licensing rules on the retail sector, took effect over the weekend after Prime Minister Moustafa Madbouly issued a decree, <a href=\"http:\/\/bit.ly\/331JFRm\">according to a cabinet statement<\/a>. The decree allows shops to continue operating under valid licenses and grants them two years to comply with the new rules. The law passed the House of Representatives <a href=\"https:\/\/enterprise.press\/stories\/2019\/01\/15\/house-gives-in-principle-nod-to-retail-stores-bill\/\">last summer<\/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\/legislation\/\">legislation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/legislation-policy\/\">Legislation + Policy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/regulation\/\">regulation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/retail\/\">retail<\/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=\"569807\" 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=\"569807\">\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\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/08\/djoser-pyramid-reopened-to-the-public-after-restoration-work\/\">\r\n                            Djoser pyramid reopened to the public after restoration work                        <\/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\/08\/djoser-pyramid-reopened-to-the-public-after-restoration-work\/\" 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\/08\/djoser-pyramid-reopened-to-the-public-after-restoration-work\/')\">\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\/08\/djoser-pyramid-reopened-to-the-public-after-restoration-work\/\">\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=Djoser pyramid reopened to the public after restoration work&url=https:\/\/enterpriseam.com\/egypt\/2020\/03\/08\/djoser-pyramid-reopened-to-the-public-after-restoration-work\/\">\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\/08\/djoser-pyramid-reopened-to-the-public-after-restoration-work\/&title=Djoser pyramid reopened to the public after restoration work\">\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=Djoser+pyramid+reopened+to+the+public+after+restoration+work+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F03%2F08%2Fdjoser-pyramid-reopened-to-the-public-after-restoration-work%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\/08\/djoser-pyramid-reopened-to-the-public-after-restoration-work\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/89.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"569808\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/08\/djoser-pyramid-reopened-to-the-public-after-restoration-work\/89-jpg-11\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/89.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"89.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/89.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/89.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-569807\" class=\"content-area-description single-story post-569807 post type-post status-publish format-standard has-post-thumbnail hentry category-on-your-way-out tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Djoser pyramid reopened to public after restoration:<\/strong> Egypt reopened the 4,700-year-old step pyramid of Djoser to the public on Thursday following years of restoration work, <a href=\"https:\/\/www.france24.com\/en\/20200306-egypt-reopens-djoser-pyramid-country-s-oldest-after-14-year-restoration\">AFP reports<\/a>. The pyramid is believed to be Egypt\u2019s oldest, and dominates the Saqqara necropolis. Work to restore the pyramid, which suffered from interior damage during a 1992 earthquake, began in 2006, but was interrupted in 2011 and 2012 before resuming in 2013, <a href=\"http:\/\/www.antiquities.gov.eg\/DefaultAr\/pages\/NewsDetails.aspx?newsid=1469\">the Antiquities Ministry said<\/a>. The work covered the pyramid\u2019s outer facades, internal corridors, and a stone sarcophagus and stairs at two entrances, <a href=\"https:\/\/www.theguardian.com\/world\/gallery\/2020\/mar\/05\/egypt-reopens-djoser-pyramid-in-pictures\">the Guardian reports<\/a>.<\/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<section id=\"569809\" 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=\"569809\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/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\/08\/the-market-yesterday-45\/\">\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\/08\/the-market-yesterday-45\/\" 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\/08\/the-market-yesterday-45\/')\">\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\/08\/the-market-yesterday-45\/\">\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\/08\/the-market-yesterday-45\/\">\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\/08\/the-market-yesterday-45\/&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%2F08%2Fthe-market-yesterday-45%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\/08\/the-market-yesterday-45\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-569809\" class=\"content-area-description single-story post-569809 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 15.69<\/p>\n<p> <strong>EGP \/ USD at CIB:<\/strong> Buy 15.59 | Sell 15.69<br \/>\n <strong>EGP \/ USD at NBE: <\/strong>Buy 15.58 | Sell 15.68<\/p>\n<p><strong>EGX30<\/strong> (Thursday): 12,348 (+1.4%)<br \/>\n <strong>Turnover:<\/strong> EGP 618 mn (5% above the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: -11.6%<\/p>\n<p><strong>THE MARKET ON THURSDAY:<\/strong> The EGX30 ended Thursday\u2019s session up 1.4%. CIB, the index\u2019s heaviest constituent, ended up 1.3%. EGX30\u2019s top performing constituents were Heliopolis Housing up 4.1%, Orascom Investment Holding up 4.0%, and Palm Hills up 3.3%. Thursday\u2019s worst performing stocks were Juhayna down 3.9%, Orascom Development Egypt down 1.0% and Orascom Construction down 0.8%. The market turnover was EGP 618 mn, and foreign investors were the sole net sellers.<\/p>\n<p><strong>Foreigners<\/strong>: Net short | EGP -65.8 mn<br \/>\n <strong>Regional<\/strong>: Net long | EGP +4.4 mn<br \/>\n <strong>Domestic<\/strong>: Net long | EGP +61.5 mn<\/p>\n<p><strong>Retail<\/strong>: 50.1% of total trades | 51.8% of buyers | 48.4% of sellers<br \/>\n <strong>Institutions<\/strong>: 49.9% of total trades | 48.2% of buyers | 51.6% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 41.28 (-10.07%)<br \/>\n <strong>Brent:<\/strong> USD 45.27 (-9.44%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 1.71 MMBtu, (-3.16%, April 2020 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,672.40 \/ troy ounce (+0.26%)<\/p>\n<p><strong>TASI:<\/strong> 7,467 (-0.76%) (YTD: -10.99%)<br \/>\n <strong>ADX:<\/strong> 4,646 (-0.57%) (YTD: -8.52%)<br \/>\n <strong>DFM:<\/strong> 2,460 (-0.76%) (YTD: -11.01%)<br \/>\n <strong>KSE Premier Market:<\/strong> 6,390 (-0.95%)<br \/>\n <strong>QE:<\/strong> 9,309 (+0.68%) (YTD: -10.71%)<br \/>\n <strong>MSM:<\/strong> 4,107 (+0.15%) (YTD: +3.18%)<br \/>\n <strong>BB: <\/strong>1,617 (-0.72%) (YTD: +0.47%)<\/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=\"569810\" 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\/08\/569810\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-569810\" class=\"content-area-description single-story post-569810 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>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=\"http:\/\/bit.ly\/2VRy4TC\">The Annual Export Summit<\/a>, Nile Ritz Carlton, 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>17-19 April (Friday-Sunday): IMF, World Bank hold Spring Meetings.<\/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>19 April (Sunday): Coptic Easter Sunday, national holiday.<\/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":569779,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-569778","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"0b5c2052-f061-46ab-9306-b4540d643db8","teaser":"","photo_url":"https:\/\/ent.news\/2020\/3\/79.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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