{"id":569978,"date":"2020-03-15T04:21:18","date_gmt":"2020-03-15T04:21:18","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=569978"},"modified":"2025-12-16T07:13:20","modified_gmt":"2025-12-16T07:13:20","slug":"schools-universities-ordered-closed-for-2-weeks-amid-covid-19-outbreak","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/schools-universities-ordered-closed-for-2-weeks-amid-covid-19-outbreak\/","title":{"rendered":"Schools, universities ordered closed for 2 weeks amid covid-19 outbreak"},"content":{"rendered":"<section id=\"569980\" 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=\"569980\">\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\/15\/what-were-tracking-on-15-march-2020-2\/\">\r\n                            What we\u2019re tracking on 15 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\/15\/what-were-tracking-on-15-march-2020-2\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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New measures include school closures and an EGP 100 bn response package ordered by Ittihadiya, details of which should be made clear in the days ahead. Regionally, central banks in Saudi Arabia and the UAE have announced stimulus packages.<\/p><p><a id=\"tldr-story-01\" class=\"content-anchor\"><\/a> <strong>All schools and universities in Egypt have been ordered closed for two weeks starting <\/strong><strong>this morning<\/strong> after <a href=\"http:\/\/bit.ly\/2U8RSz8\">Ittihadiya yesterday announced<\/a> emergency measures designed to help prevent the spread of the virus. The measures were put in place after <a href=\"http:\/\/bit.ly\/2QfNRYB\">Education Minister Tarek Shawky said<\/a> seven schoolchildren were among the latest confirmed cases in Egypt. Shawky <a href=\"http:\/\/bit.ly\/2U7xMFK\">told his cabinet colleagues<\/a>that the individual student cases were spread across a wide geographic area.<\/p><p><strong>Independent schools and universities in Egypt had earlier decided to suspend in-person <\/strong><strong>instruction.<\/strong> AUC <a href=\"https:\/\/www.aucegypt.edu\/coronavirus\/messages\">brought its spring break forward<\/a> by four weeks to run this week and will then begin two weeks of online instruction after the break. Cairo American College and other independent schools are moving to remote learning this week.<\/p><p><strong>The current post-secondary term may be extended for 1-2 weeks <\/strong>to compensate for the closures, Higher Education Minister Khaled Abdel Ghaffar said.<\/p><p><strong>Meanwhile, the EGX reopens today <\/strong>after sitting out Thursday following a last-minute holiday in the face of massive storm. <strong>What to watch for:<\/strong> The bourse missed Thursday\u2019s sell-off in global markets and the rebound on Friday \u2014 and will be digesting Egypt\u2019s response this weekend to covid-19.<\/p><hr class=\"grey-line\"><p><strong>What should businesses do right now? Social distancing is the order of the day if we want to <\/strong><strong><a href=\"https:\/\/www.vox.com\/2020\/3\/10\/21171481\/coronavirus-us-cases-quarantine-cancellation\">flatten the curve<\/a><\/strong> and give healthcare professionals a chance to manage the caseload that epidemiologists say could be coming. If you have staff whose jobs can be done remotely, have them work from home now. For folks running retail outlets, malls and other businesses where face-to-face contact is a standard part of business: Give your staff a refresher on proper hygiene (soap kills the virus better than anything else), step up your cleaning efforts, and make certain anyone who shows any sign of illness knows to stay home from work. <strong><a href=\"https:\/\/www.cdc.gov\/coronavirus\/2019-ncov\/community\/organizations\/businesses-employers.html\">The CDC\u2019s resources for employers on how to stay safe during the pandemic are a must-read.<\/a><\/strong><\/p><p><strong>*** JOIN US FOR A WEBINAR ON HOW TO WORK REMOTELY. Entreprise has been <\/strong><strong>produced remotely for the past week<\/strong> and has always had half of its staff working from home at any given time. The staff at Inktank, our parent company, will follow suit tomorrow. This coming Thursday, 19 March at 2pm CLT, <strong>we\u2019ll be hosting a call for Enterprise readers to discuss the strategies and technologies you can use to go remote. <\/strong>We have lines for up to 100 readers to either dial in or log in from their computer (the latter will allow you to see our screen). <strong><a href=\"https:\/\/zoom.us\/webinar\/register\/WN_5Ur9ntAzTvOhgllKmTNG8w\">Use this link to sign up.<\/a><\/strong><\/p><p><strong>Pro tip from our staff virologist: <\/strong>Soap and hot water kill and wash away the virus better than alcohol-based hand sanitizer. Soap literally dissolves the virus\u2019 lipid membrane, making it unable to infect your cells \u2014 and the hot water washes it away.<\/p><hr class=\"grey-line\"><p><strong>The total number of confirmed cases in Egypt now stands at 110<\/strong>, according to <a href=\"https:\/\/bit.ly\/3d25p4a\">a statement<\/a><a href=\"https:\/\/bit.ly\/3d25p4a\">last night from the Health Ministry<\/a>, up from 45 a week ago.<\/p><p><strong>Egypt reported its second death from covid-19 over the weekend. <\/strong>A 60-year-old woman from Daqahliyah died on Thursday, a day after being admitted to the hospital and testing positive for covid-19, raising Egypt\u2019s death toll from the virus to two. She suffered from acute pneumonia from the virus, <a href=\"http:\/\/bit.ly\/2U4kA4p\">according to a Cabinet statement<\/a>. The first death was that of a German national who passed away on 8 March.<\/p><p><strong>Just about every event you can think of has been cancelled<\/strong>, in Egypt and around the world. Here at home, AmCham postponed last week its monthly luncheon, conferences are being cancelled, and <strong>furniture expo Le March\u00e9 La Casa\u2019s summer round has been postponed<\/strong>, <a href=\"https:\/\/bit.ly\/33gdeii\">according to a statement<\/a>. New dates for the expo will be announced at a later time.<\/p><p>Meanwhile, <strong>football matches have been suspended for 15 days <\/strong>starting tomorrow, according to a <a href=\"http:\/\/bit.ly\/2WeV9zU\">statement<\/a> from the Egyptian Football Association, and <strong>most sporting clubs have suspended team activities <\/strong>for an indefinite period.<\/p><p><strong>All non-immigrant visa appointments at the US embassy <\/strong>scheduled for 15 March through 9 April have been <a href=\"https:\/\/eg.usembassy.gov\/urgent-message-for-visa-applicants\/\">postponed<\/a>.<\/p><p><strong>The tourism industry is bracing for the hit<\/strong>, the most recent sign of which is Ukraine saying it has <a href=\"https:\/\/www.google.com\/url?q=https:\/\/www.kyivpost.com\/ukraine-politics\/parliament-speaker-ukraine-to-cancel-all-flights-starting-march-17.html&amp;sa=D&amp;ust=1584246921925000&amp;usg=AFQjCNH_2_QjArDVSNjH8mERpWWaUX8fVg\">suspended international flights<\/a> starting 17 March. The country is a major inbound market, particularly for Sinai and Red Sea destinations.<\/p><p><strong>Sign of the times: The cost of insuring Egyptian sovereign debt has almost doubled over <\/strong><strong>the past month:<\/strong> The price of credit default swaps \u2014 financial instruments that provide cover against default \u2014 on Egyptian government bonds has increased by almost 95% over the past month and 64% in the past week alone, <a href=\"https:\/\/alborsaanews.com\/2020\/03\/14\/1307173\">the local press reported<\/a> yesterday. CDS prices reflect market confidence in the bond issuer\u2019s ability to meet its repayments: lower prices indicate low-risk debt while higher prices imply an increased likelihood of default.<\/p><hr class=\"grey-line\"><p><strong>Globally, it\u2019s something of a [redacted] show this morning: <\/strong><\/p><p><strong>Saudi Arabia has suspended all flights into and out of the kingdom <\/strong>for a two-week period <a href=\"https:\/\/www.saudia.com\/experience\/about-us\/corporate-communication\/press-releases-and-news\/announcement\/updates+due+to+coronavirus\">starting this morning<\/a>.<\/p><p><strong>Kuwait is effectively on lockdown<\/strong>, having shut down government offices, many bank branches and declared an official holiday until 26 March in a bid to limit the spread of the virus. The government has shuttered gyms and private health clubs and imposed a ban on gatherings in cafes and restaurants, while commercial flights have been suspended across the board with the exception of inbound flights for Kuwaiti citizens and their first-degree relatives, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-03-11\/kuwait-suspends-commercial-flights-until-further-notice?sref=mmeFTDW1\">according to Bloomberg<\/a>.<\/p><p><strong>In Europe, Spain and France have followed Italy into nationwide lockdown.<\/strong> Spain <a href=\"https:\/\/www.bbc.co.uk\/news\/world-europe-51888936\">has<\/a><a href=\"https:\/\/www.bbc.co.uk\/news\/world-europe-51888936\">announced a 15-day nationwide lockdown<\/a> starting tomorrow after <a href=\"https:\/\/metro.co.uk\/2020\/03\/14\/spain-confirms-1500-new-coronavirus-cases-24-hours-12397549\/\">1.5k new cases were reported<\/a><a href=\"https:\/\/metro.co.uk\/2020\/03\/14\/spain-confirms-1500-new-coronavirus-cases-24-hours-12397549\/\">in just 24 hours<\/a> at the weekend. People will only be allowed outside to buy food, work or for emergencies, according to the decree being finalized by the government. In France, <a href=\"https:\/\/www.cnbc.com\/2020\/03\/14\/france-to-close-nonessential-stores-including-restaurants-and-cafes-due-to-coronavirus.html\">all non-essential stores are being forced to close<\/a>, leaving only food shops, pharmacies and petrol stations open to the public.<\/p><p><strong>Europe now the epicenter of the pandemic<\/strong>, the World Health Organization says. \u201cMore cases are now being reported [in Europe] every day than were reported in China at the height of its epidemic,\u201d said WHO Director-General Tedros Adhanom Ghebreyesus, according to <a href=\"https:\/\/www.cnbc.com\/2020\/03\/13\/europe-is-now-the-epicenter-of-the-coronavirus-pandemic-who-says.html\">CNBC<\/a>.<\/p><p><strong>The US has officially declared a national emergency,<\/strong> releasing USD 50 bn in funds to support efforts to fight the outbreak, <a href=\"https:\/\/apnews.com\/1b15b2f3f0b01eb66ea8116ff70bcb30\">says the Associated Press<\/a>.<\/p><p><strong>The UK\u2019s science czar has a novel approach: Sit back and let <\/strong><strong>everyone get infected.<\/strong> The UK should let around 60% of its population catch the virus for society to develop \u201cherd immunity\u201d from future outbreaks, the government\u2019s top science advisor Sir Patrick Vallance <a href=\"https:\/\/news.sky.com\/story\/coronavirus-millions-of-britons-will-need-to-contract-covid-19-for-herd-immunity-11956793\">told Sky News<\/a>. In response, <a href=\"http:\/\/maths.qmul.ac.uk\/~vnicosia\/UK_scientists_statement_on_coronavirus_measures.pdf\">more than 200 scientists warned (pdf)<\/a> that the government\u2019s strategy could lead to mns of people being affected in the coming weeks and urged it to take stronger action at containing the outbreak.<\/p><p><strong>Covid-19 is now in at least 19<\/strong> <strong>African countries:<\/strong> Kenya, Ethiopia, Sudan and Guinea all confirmed their first cases of the virus on Friday, <a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-kenya\/kenya-ethiopia-join-expanding-list-of-african-states-with-coronavirus-idUSKBN2100W3\">Reuters reports<\/a>.<\/p><p><strong>Work is grinding to a halt the world over: <\/strong>Apple <a href=\"https:\/\/www.apple.com\/newsroom\/2020\/03\/apples-covid-19-response\/\">is closing all of its retail stores<\/a> outside Greater China until 27 March and its employees have begun working remotely and <a href=\"https:\/\/www.cnbc.com\/2020\/03\/13\/patagonia-is-closing-all-of-its-stores-because-of-the-coronavirus.html\">Patagonia is shutting down all of its stores and its website<\/a>. Companies from Italy to Silicon Valley are moving to remote work.<\/p><hr class=\"grey-line\"><p><strong>Global travel is becoming increasingly difficult<\/strong>, with airlines suspending flights and several countries imposing new restrictions on travel and visa issuances:<\/p><ul>\n<li><strong>US<\/strong> President Donald Trump has <a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-usa\/trump-takes-coronavirus-test-extends-travel-ban-to-britain-ireland-idUSKBN2110UX\">added the UK and Ireland to a US travel ban<\/a> on 26 European countries;<\/li>\n<li><strong>The UAE<\/strong> has <a href=\"https:\/\/www.wam.ae\/ar\/details\/1395302830644\">suspended issuing visas<\/a>, effective 17 March, except for those holding diplomatic passports;<\/li>\n<li><strong>Saudi Arabia<\/strong> has suspended all inbound and outbound flights for a two-week period;<\/li>\n<li><strong>Jordan<\/strong> has <a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-jordan\/jordan-tightens-lockdown-to-combat-coronavirus-idUSKBN2110S3\">suspended all incoming and outgoing flights<\/a> and placed a ban on public gatherings;<\/li>\n<li><strong>Lebanon<\/strong> is <a href=\"https:\/\/gulfbusiness.com\/lebanon-to-suspend-flights-to-uk-egypt-nine-other-countries\/\">banning travel to and from 11 countries<\/a>, including Egypt, Italy, Iran, China, and South Korea after granting a four-day grace period for Lebanese nationals to return;<\/li>\n<li><strong>Libya<\/strong> will shut down all air and seaports from Monday, the Tripoli-based Government of National Accord <a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-libya\/libyas-tripoli-government-declares-emergency-shuts-down-ports-airports-idUSKBN21116A?il=0\">said on Saturday<\/a>;<\/li>\n<li><strong>Morocco<\/strong> suspended travel from 21 countries, including Egypt, the state\u2019s news agency <a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-morocco\/morocco-agrees-with-spain-and-algeria-to-suspend-flights-idUSKBN20Z3JD\">reported on Saturday<\/a>;<\/li>\n<li><strong>Sudan <\/strong>has banned flights to Egypt and EgyptAir has stopped flying to our southern neighbor.<\/li>\n<\/ul><hr class=\"grey-line\"><p><a id=\"tldr-story-08\" class=\"content-anchor\"><\/a> <strong>Reason #932 we love the EBRD: <\/strong>The European Bank for Reconstruction and Development (EBRD) has unveiled an emergency EUR 1 bn \u201csolidarity package\u201d to help mitigate the impact of covid-19 for companies in the regions in which it operates, <a href=\"https:\/\/ent.news\/2020\/3\/EBRD-statement-March-2020.pdf\">according to a statement (pdf)<\/a>. The package includes emergency liquidity, working capital, and trade finance facilities for existing EBRD clients, said EBRD President Sir Suma Chakrabarti.<\/p><p><strong>Stimulus is coming: Egypt as well as the central banks of Saudi Arabia and the UAE have <\/strong><strong>announced <\/strong><strong>packages worth a combined USD 47 bn<\/strong> to ease the blow to their respective economies as amid the spread of covid-19, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-03-14\/u-a-e-pledges-27-billion-to-support-banks-affirms-dirham-peg?srnd=premium-middle-east&amp;sref=mmeFTDW1\">Bloomberg reports<\/a>. <strong>Egypt will allocate EGP 100 bn (USD 6.4 bn) to combat covid-19<\/strong>, with details expected this week. The UAE regulator will support banks and businesses with a USD 27.2 bn plan, while Saudi Arabia is preparing a USD 13.3 bn package, mainly tailored for SMEs, offering them six-month deferrals on bank payments.<\/p><p class=\"web-image stand-out-borderless\"><a href=\"http:\/\/somabay.com\/\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/1600x1200.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p><p><strong>In non-covid-19 news worth knowing about:<\/strong><\/p><p><strong>S&amp;P has downgraded Lebanon\u2019s foreign currency ratings to Selective Default <\/strong><strong>(SD)<\/strong> down from extremely high risk (CC\/C) after Beirut decided to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/00b6609d-9a1b-4c28-80b8-def6f68c864b\">not meet its USD 1.2 bn eurobond payment<\/a> last week, <a href=\"https:\/\/www.standardandpoors.com\/en_US\/web\/guest\/article\/-\/view\/type\/HTML\/id\/2395998\">according to a press release<\/a>. The ratings agency also affirmed its local currency long- and short-term ratings at CC\/C and maintained its outlook on the long-term rating at negative. Lebanon is set to hold talks with its creditors to restructure the rest of its USD 31 bn debt.<\/p><p><strong>Abu Dhabi joins team Saudi in oil war, cuts price for its flagship grade:<\/strong> State-run Abu Dhabi National Oil Company (Adnoc) shaved USD 2.75 off its Murban grade to sell at <a href=\"https:\/\/oilprice.com\/oil-price-charts\">USD 35.20<\/a> \/ bbl, citing \u201cunprecedented market conditions,\u201d while also boosting supply by 33%, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-03-13\/abu-dhabi-cuts-crude-pricing-in-saudis-wake-as-oil-war-widens?sref=mmeFTDW1\">Bloomberg reported<\/a>. Though Adnoc remains the only major Gulf producer making price cuts, global oil prices have fallen to <a href=\"https:\/\/www.bloomberg.com\/markets\/commodities?sref=mmeFTDW1\">an average of USD 33.85<\/a> since the UAE, the third largest OPEC producer, joined Saudi Arabia in its price war with Russia.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/aramco\/\">Aramco<\/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\/education\/\">Education<\/a>\n                <!-- 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class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The shutdown of Egyptian schools and universities was topic du jour on the airwaves <\/strong><strong>last night:<\/strong> Al Hayah Al Youm\u2019s Lobna Assal reviewed Prime Minister Moustafa Madbouly\u2019s press conference, which included discussion of President Abdel Fattah El Sisi\u2019s EGP 100 bn package to help prevent the spread of the virus and the decision to suspend schools and higher learning institutions for two weeks.<\/p>\n<p><strong>Egypt is in \u201cstage two\u201d of its response<\/strong>, Madbouly noted: Egypt has a \u201climited\u201d number of positive cases compared with other countries, but the discovery of cases across a wider geographic spread prompted phase two measures including <strong>a ban on large gatherings and school closures. <\/strong>The latter is necessary because a number of new positive cases were students.<\/p>\n<p><strong>Higher Education Minister Khaled Abdel Ghaffar told Assal that students aren\u2019t on holiday<\/strong> \u2014 lessons and lectures will continue online. Universities will be subject to deep cleaning while students study remotely, he said <a href=\"https:\/\/youtu.be\/g4dJRJ9Qye8\">(watch, runtime: 9:34)<\/a>. Masaa DMC\u2019s Eman El Hosary <a href=\"https:\/\/www.youtube.com\/watch?v=fLOwn1AsN1M\">(watch, runtime: 8:09)<\/a> and El Hekaya\u2019s Amr Adib <a href=\"https:\/\/www.youtube.com\/watch?v=8B3vxBXzl8Y\">(watch, runtime: 6:35)<\/a> had the same report.<\/p>\n<p><strong>K-12 exams are not being delayed:<\/strong> Adib also spoke with Education Minister Tarek Shawky, who said exams would not be delayed, but will be scheduled in coordination with the Health Ministry with necessary precautions in place. He added that he was in touch with the Communications Ministry who assured him that <strong>ISPs will not count time spent on the Education Ministry\u2019s online lessons against families\u2019 data caps<\/strong> <a href=\"https:\/\/www.youtube.com\/watch?v=8yV4MQUq-O0\">(watch, runtime: 7:31)<\/a>. Min Masr\u2019s Amr Khalil also covered the story <a href=\"https:\/\/www.youtube.com\/watch?v=q8kj2pHEUTk\">(watch, runtime: 12:25)<\/a>.<\/p>\n<p><strong>Covid-19 updates: <\/strong>Adib also spoke with Health Minister Hala Zayed, who noted the rollout of rapid detection systems that provide results within an hour. They also discussed a <a href=\"https:\/\/www.washingtonpost.com\/world\/middle_east\/the-tale-of-a-nile-cruise-that-spawned-an-international-coronavirus-outbreak\/2020\/03\/13\/6ab633fc-6314-11ea-8a8e-5c5336b32760_story.html\">Washington Post article<\/a> on how an outbreak on a Nile cruise ship reportedly resulted in cases around the globe; Adib said the report maligned the ministry\u2019s efforts. Zayed said that, out of the 171 people on board that were tested, 45 tested positive and many have since recovered and left the country <a href=\"https:\/\/www.youtube.com\/watch?v=ISjkn844oAw\">(watch: runtime: 10:06)<\/a>.<\/p>\n<p><strong>Income tax cuts for low earners:<\/strong> Assal also highlighted President Abdel Fattah El Sisi's meeting on the draft FY2020-2021 budget. During the meeting El Sisi called on ministers to raise the tax exemption limit for all workers from EGP 8k to EGP 15k annually and to lower the tax rate for those earning EGP 15-35k to 2.5%. <a href=\"https:\/\/youtu.be\/-Al6WiWDlyc\">(watch, runtime: 3:29)<\/a>. Khalil also had the same report <a href=\"https:\/\/www.youtube.com\/watch?v=bdM10ZU3rkw\">(watch, runtime: 1:19)<\/a>. We have more on this in this morning\u2019s Speed Round, below.<\/p>\n<p><strong>Pro-Egypt GERD efforts abroad: <\/strong>Assal spoke by phone with community organizer Iman Wehman, who has rallied members of the Egyptian community in New York and New Jersey, and elsewhere in the US, to stage a demonstration in front of the White House and World Bank on Sunday in support of Egypt\u2019s position on the Grand Ethiopian Renaissance Dam negotiations <a href=\"https:\/\/www.youtube.com\/watch?v=kLuFBSAdRLA&t=17s\">(watch, runtime: 2:46)<\/a>.<\/p>\n<p><em>Correction: 16\/03\/2020<\/em><\/p>\n<p><em>A previous version of this story incorrectly named Higher Education Minister Khaled Abdel Ghaffar as Adel Abdel Ghaffar.<\/em><\/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\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19-schools\/\">Covid-19. Schools<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/draft-budget-fy2020-2021\/\">draft budget FY2020\/2021<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/education\/\">Education<\/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\/health-minister-hala-zayed\/\">Health Minister Hala Zayed<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/prime-minister-moustafa-madbouly\/\">Prime Minister Moustafa Madbouly<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tarek-shawky\/\">Tarek Shawky<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-health-organization\/\">World Health Organization<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"569983\" 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=\"569983\">\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\/15\/21-dead-as-dragon-storm-pummels-egypt\/\">\r\n                            21 dead as \u2018Dragon storm\u2019 pummels Egypt                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/15\/21-dead-as-dragon-storm-pummels-egypt\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2020\/03\/15\/21-dead-as-dragon-storm-pummels-egypt\/')\">\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\/15\/21-dead-as-dragon-storm-pummels-egypt\/\">\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=21 dead as \u2018Dragon storm\u2019 pummels Egypt&url=https:\/\/enterpriseam.com\/egypt\/2020\/03\/15\/21-dead-as-dragon-storm-pummels-egypt\/\">\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\/15\/21-dead-as-dragon-storm-pummels-egypt\/&title=21 dead as \u2018Dragon storm\u2019 pummels Egypt\">\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=21+dead+as+%E2%80%98Dragon+storm%E2%80%99+pummels+Egypt+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F03%2F15%2F21-dead-as-dragon-storm-pummels-egypt%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\/15\/21-dead-as-dragon-storm-pummels-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/169.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"569984\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/15\/21-dead-as-dragon-storm-pummels-egypt\/169-jpg-13\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/169.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"169.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/169.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/169.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-569983\" class=\"content-area-description single-story post-569983 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round tag-abdel-fattah-el-sisi tag-dust tag-enterpriseam tag-madbouly tag-pm tag-renewables tag-speed-round wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>21 people have been reported dead after r<\/strong><strong>ain, wind, sand and lightning pummeled the <\/strong><strong>country in what <\/strong><strong>has been dubbed a \u2018dragon storm.\u2019<\/strong> The downpour on Thursday and Friday caused widespread power outages, travel disruption and infrastructure damage as roads flooded and several buildings collapsed. <a href=\"http:\/\/bit.ly\/2QbeWfJ\">Ten people died<\/a> when a building collapsed in the Al Zarayeb suburb in Helwan and in Qena a six-year-old child <a href=\"https:\/\/www.egypttoday.com\/Article\/1\/82557\/Child-killed-three-injured-in-Qena-due-to-bad-weather\">was killed<\/a> after a tree fell on his family\u2019s home. Speaking at a <a href=\"https:\/\/bit.ly\/3aXG35E\">press conference<\/a>, Prime Minister Moustafa Madbouly described the level of rainfall as unprecedented in recent decades.<\/p>\n<p><strong>Businesses, government, banks and the EGX had all closed their doors in anticipation of <\/strong><strong>the extreme weather<\/strong> and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/223d1491-f67f-4582-8a68-b1bf5c58df6e\">Thursday was declared<\/a> a school holiday last week after the national weather service said that sandstorms and heavy rains would hit the country.<\/p>\n<p><strong>The weather was a factor in the collision of two passenger trains in Cairo on Thursday <\/strong><strong>afternoon<\/strong>, leaving 13 injured and rail services to be suspended for the rest of the day, <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/365212\/Egypt\/Politics-\/Two-trains-collide-in-Cairo,-Egyptian-railways-shu.aspx\">Ahram Online reports<\/a>. Four officials at the Railway Authority have been detained for four days over the accident pending investigation, <a href=\"https:\/\/www.egypttoday.com\/Article\/1\/82605\/Four-officials-at-Railway-Authority-arrested-for-two-train-collision\">Egypt Today reports<\/a>.<\/p>\n<p><strong>Apocalyptic scenes<\/strong><strong> of orange skies and flooded streets circulated on social media:<\/strong> An eyewitness video posted to social media appeared to show a drowned man floating face down in a flooded street. New Cairo <a href=\"https:\/\/twitter.com\/Noor25j\/status\/1238105434571104256\">saw water running<\/a> down many of its main roads and residents posted videos of sinks running in reverse, overflowing with rainwater, and of flooded basements and living rooms. Sand and dust could be seen <a href=\"https:\/\/twitter.com\/yourweathercouk\/status\/1237806481644367872?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1237806481644367872&ref_url=https%3A%2F%2Fnilefm.com%2Fdigest%2Farticle%2F5159%2Fsand-storms-severe-flooding-intense-winds-set-to-effect-egypt-this-weekend\">covering much of the country\u2019s sky<\/a>Thursday morning.<\/p>\n<p><strong>The story made global headlines <\/strong>at outlets including the <a href=\"https:\/\/www.theglobeandmail.com\/world\/article-death-toll-rises-to-at-least-21-in-egypt-as-storms-flooding-enter\/\">Associated Press<\/a> | <a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL8N2B66E9\">Reuters<\/a> | <a href=\"https:\/\/www.thenational.ae\/world\/mena\/death-toll-rises-to-21-as-storm-batters-egypt-for-a-second-day-1.992188\">The<\/a><a href=\"https:\/\/www.thenational.ae\/world\/mena\/death-toll-rises-to-21-as-storm-batters-egypt-for-a-second-day-1.992188\">National<\/a> | <a href=\"https:\/\/gulfnews.com\/world\/mena\/10--die-in-slum-collapses-due-to-rainfall-near-cairo-1.70388763\">Gulf News<\/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\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/dust\/\">dust<\/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\/pm\/\">PM<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"569994\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"569995\" 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=\"569995\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/15\/egypt-in-the-news-on-15-march-2020\/\">\r\n                            Egypt in the News on 15 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\/15\/egypt-in-the-news-on-15-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\/15\/egypt-in-the-news-on-15-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\/15\/egypt-in-the-news-on-15-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 15 March 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/03\/15\/egypt-in-the-news-on-15-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\/15\/egypt-in-the-news-on-15-march-2020\/&title=Egypt in the News on 15 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+15+March+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F03%2F15%2Fegypt-in-the-news-on-15-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\/15\/egypt-in-the-news-on-15-march-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-569995\" class=\"content-area-description single-story post-569995 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-covid-19 tag-diplomacy tag-egypt-in-the-news tag-enterpriseam tag-ethiopia tag-gerd tag-politics tag-startups tag-sudan tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Egypt\u2019s response to the covid-19 threat continues to top coverage in the foreign press<\/strong>, with questions circulating as to whether we\u2019re doing enough to counter the risk posed by the virus. Misinformation abounds on social media and it remains difficult to obtain accurate official data about the number of infections, writes Zvi Bar'el in an <a href=\"https:\/\/www.haaretz.com\/middle-east-news\/egypt\/.premium-coronavirus-under-control-egypt-s-latest-giant-problem-awaits-1.8671846\">opinion piece for Haaretz<\/a>.<\/p>\n<p><strong>Meanwhile, the US tourist held in covid-19 quarantine in a military hospital in Marsa Matrouh is attracting attention<\/strong> on <a href=\"https:\/\/twitter.com\/mattswider?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\">Twitter and various media outlets<\/a>, as he details his experience online. Technology journalist Matt Swider is one of 45 people on the Asara cruise ship who initially tested positive for the virus, although reports suggest his test result may have been a false positive and that he is now returning to the US. (<a href=\"https:\/\/apnews.com\/51a5ad7f378ef2e9bee2d8af9c9cb01c\">AP<\/a> | <a href=\"https:\/\/www.washingtonpost.com\/world\/middle_east\/the-tale-of-a-nile-cruise-that-spawned-an-international-coronavirus-outbreak\/2020\/03\/13\/6ab633fc-6314-11ea-8a8e-5c5336b32760_story.html\">Washington Post<\/a> | <a href=\"https:\/\/nypost.com\/2020\/03\/12\/new-york-man-stranded-in-egypt-quarantine-hell-with-coronavirus\/\">New York Post<\/a> | <a href=\"https:\/\/www.livescience.com\/matt-swider-stuck-in-egypt-coronavirus-quarantine.html\">Live Science<\/a>)<\/p>\n<p><strong>How to solve a problem like the GERD? Use a multi-stage approach instead of trying to <\/strong><strong>solve all the issues at once,<\/strong> the Brookings Institution\u2019s Addisu Lashitew <a href=\"https:\/\/foreignpolicy.com\/2020\/03\/14\/ethiopia-egypt-gerd-united-states-must-not-pick-sides-in-the-nile-river-dispute\/\">writes for Foreign Policy<\/a>. Signing off on an agreement for the initial filling of the dam \u2014 an issue on which Egypt, Ethiopia and Sudan have made significant progress \u2014 will provide plenty of time to find common ground over how Addis Ababa operates it in the long term, which is now the main source of the dispute.<\/p>\n<p><strong>Startups are fueling alternative tourism in Egypt<\/strong>, with platforms being set up to help freelance tour guides and drive interest to lesser known destinations in Egypt like Cairo\u2019s garbage city, <a href=\"https:\/\/www.dw.com\/en\/egypt-why-not-take-a-tour-of-cairos-garbage-city\/a-52561148\">Deutsche Welle reports<\/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\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-in-the-news\/\">Egypt in the News<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ethiopia\/\">Ethiopia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gerd\/\">GERD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/politics\/\">politics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startups\/\">startups<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sudan\/\">Sudan<\/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=\"569996\" 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=\"569996\">\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\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/15\/shoukry-lobbies-france-for-gerd-support\/\">\r\n                            Shoukry lobbies France for GERD support                        <\/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\/15\/shoukry-lobbies-france-for-gerd-support\/\" 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\/15\/shoukry-lobbies-france-for-gerd-support\/')\">\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\/15\/shoukry-lobbies-france-for-gerd-support\/\">\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=Shoukry lobbies France for GERD support&url=https:\/\/enterpriseam.com\/egypt\/2020\/03\/15\/shoukry-lobbies-france-for-gerd-support\/\">\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\/15\/shoukry-lobbies-france-for-gerd-support\/&title=Shoukry lobbies France for GERD support\">\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=Shoukry+lobbies+France+for+GERD+support+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F03%2F15%2Fshoukry-lobbies-france-for-gerd-support%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\/15\/shoukry-lobbies-france-for-gerd-support\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-569996\" class=\"content-area-description single-story post-569996 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-africa tag-diplomacy-foreign-trade tag-enterpriseam tag-ethiopia tag-france tag-gerd tag-sameh-shoukry wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Shoukry lobbies France for GERD support:<\/strong> Foreign Minister Sameh Shoukry met on Friday with his French counterpart Jean-Yves Le Drian, where he handed a letter from President Abdel Fattah El Sisi to the French President Emmanuel Macron urging France to put pressure on Ethiopia to sign the agreement brokered by the US over the timetable for filling and operating the Grand Ethiopian Renaissance Dam (GERD), <a href=\"https:\/\/bit.ly\/38Rzjou\">according to a cabinet statement.<\/a><\/p>\n<p><strong>Shoukry is currently visiting a number of European capitals to shore up support for Egypt in its dispute with Ethiopia,<\/strong> less than a week <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/df3c83bd-a369-46e1-9f66-c40a6c884ab3\">after he toured the Arab world<\/a>. Ethiopia, on the other hand, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/dd7ddfeb-07ee-4223-b5a8-905ebae3bbea\">is reportedly working on a new proposal<\/a> and will present it soon to Egypt and Sudan. Tensions over access to the Nile\u2019s water have grown in recent weeks after Ethiopia backed out of the US and World Bank-mediated talks, accusing the US of being biased in favor of Egypt. Ethiopian military officials visited the dam on Thursday and later issued a statement vowing retaliation in the case of any attacks, in what <a href=\"https:\/\/apnews.com\/39183ccfeed1c0796ad38796d459ff3b\">AP is terming<\/a> \u201ca veiled warning to Egypt not to try to sabotage the dam.\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\/africa\/\">Africa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy-foreign-trade\/\">Diplomacy + Foreign Trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ethiopia\/\">Ethiopia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/france\/\">France<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gerd\/\">GERD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sameh-shoukry\/\">Sameh Shoukry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"569997\" 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=\"569997\">\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\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/15\/dana-gas-egypt-assets-see-production-fall-4-in-2019\/\">\r\n                            Dana Gas Egypt assets see production fall 4% in 2019                        <\/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\/15\/dana-gas-egypt-assets-see-production-fall-4-in-2019\/\" 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\/15\/dana-gas-egypt-assets-see-production-fall-4-in-2019\/')\">\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\/15\/dana-gas-egypt-assets-see-production-fall-4-in-2019\/\">\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=Dana Gas Egypt assets see production fall 4% in 2019&url=https:\/\/enterpriseam.com\/egypt\/2020\/03\/15\/dana-gas-egypt-assets-see-production-fall-4-in-2019\/\">\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\/15\/dana-gas-egypt-assets-see-production-fall-4-in-2019\/&title=Dana Gas Egypt assets see production fall 4% in 2019\">\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=Dana+Gas+Egypt+assets+see+production+fall+4%25+in+2019+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F03%2F15%2Fdana-gas-egypt-assets-see-production-fall-4-in-2019%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\/15\/dana-gas-egypt-assets-see-production-fall-4-in-2019\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-569997\" class=\"content-area-description single-story post-569997 post type-post status-publish format-standard hentry category-energy tag-energy tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Dana Gas saw production from its Egypt assets fell 4% in 2019 to 33k boe\/d from 34.5k the year before, <a href=\"http:\/\/www.danagas.com\/en-us\/media-center\/press-releases\/press-release-details?ID=328\">the company said in a statement<\/a> last week. The company is continuing with a strategic review of its assets in Egypt and claims to have received an encouraging level of interest so far. The Emirati firm <a href=\"https:\/\/enterprise.press\/stories\/2019\/07\/31\/dana-gas-confirms-it-hired-financial-advisors-to-look-at-egypt-exit\/\">announced in July last year<\/a> that it planned to offload its entire Egypt portfolio to focus on developing its operations in Iraq. It <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f58ed1d6-99ed-413d-bc67-bcc0bcbf06c8\">reported last month<\/a> that it had received \u201cnumerous\u201d bids for the assets in 2H2019 and that will make a final decision by the end of March.<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"569998\" 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=\"569998\">\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\">Automotive + Transportation<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/15\/egypt-launches-consultancy-tender-for-monorail-project\/\">\r\n                            Egypt launches consultancy tender for monorail project                        <\/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\/15\/egypt-launches-consultancy-tender-for-monorail-project\/\" 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\/15\/egypt-launches-consultancy-tender-for-monorail-project\/')\">\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\/15\/egypt-launches-consultancy-tender-for-monorail-project\/\">\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 launches consultancy tender for monorail project&url=https:\/\/enterpriseam.com\/egypt\/2020\/03\/15\/egypt-launches-consultancy-tender-for-monorail-project\/\">\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\/15\/egypt-launches-consultancy-tender-for-monorail-project\/&title=Egypt launches consultancy tender for monorail project\">\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+launches+consultancy+tender+for+monorail+project+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F03%2F15%2Fegypt-launches-consultancy-tender-for-monorail-project%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\/15\/egypt-launches-consultancy-tender-for-monorail-project\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-569998\" class=\"content-area-description single-story post-569998 post type-post status-publish format-standard hentry category-automotive-transportation tag-automotive-transportation tag-enterpriseam tag-new-administrative-capital tag-transport wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Egypt has launched a <a href=\"http:\/\/www.nat.org.eg\/arabic\/images\/tendermonarill.pdf\">tender for advisory services for its monorail project (pdf)<\/a>, with the deadline for technical and financial bids set for 17 March. The country is looking to construct two high-speed monorail lines, one spanning 53 km from the new administrative capital to Nasr City and the other 42 km between Sixth of October City and Giza.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/automotive-transportation\/\">Automotive + Transportation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/new-administrative-capital\/\">new administrative capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/transport\/\">transport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"569999\" 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=\"569999\">\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\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/15\/jimmy-jean-louis-visits-pyramids\/\">\r\n                            Jimmy Jean-Louis visits pyramids                        <\/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\/15\/jimmy-jean-louis-visits-pyramids\/\" 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\/15\/jimmy-jean-louis-visits-pyramids\/')\">\n                    Copy Link                <\/a>\n\n     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<a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/15\/jimmy-jean-louis-visits-pyramids\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/174.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"570000\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/15\/jimmy-jean-louis-visits-pyramids\/174-jpg-11\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/174.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"174.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/174.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/174.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-569999\" class=\"content-area-description single-story post-569999 post type-post status-publish format-standard has-post-thumbnail hentry category-on-your-way-out tag-enterpriseam tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Haitian-French actor Jimmy Jean-Louis <\/strong><strong><a href=\"https:\/\/twitter.com\/haitianhero\/status\/1238556600031416320\">visited the pyramids on Friday<\/a><\/strong> as part of his tour in Egypt after attending the 2020 Luxor African Film Festival.<\/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\/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=\"570002\" 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=\"570002\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/15\/the-market-yesterday-50\/\">\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 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<\/a>\r\n\r\n                \n<article id=\"post-570002\" class=\"content-area-description single-story post-570002 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 15.66 | Sell 15.76<\/p>\n<p> <strong>EGP \/ USD at CIB:<\/strong> Buy 15.66 | Sell 15.76<br \/>\n <strong>EGP \/ USD at NBE: <\/strong>Buy 15.65 | Sell 15.75<\/p>\n<p><strong>EGX30 (Wednesday):<\/strong> 11,194 (-0.1%)<\/p>\n<p><strong>Turnover:<\/strong> EGP 717 mn (20% above the 90-day average)<\/p>\n<p><strong>EGX 30 year-to-date:<\/strong> -19.8%<\/p>\n<p><strong>THE MARKET ON WEDNESDAY:<\/strong> The EGX30 ended Wednesday\u2019s session down 0.1%. CIB, the index\u2019s heaviest constituent, ended down 0.2%. EGX30\u2019s top performing constituents were Dice up 8.5%, GB Auto up 3.2%, and Elsewedy Electric up 2.5%. Yesterday\u2019s worst performing stocks were CIRA down 6.5%, Qalaa Holding down 2.9% and AMOC down 2.2%. The market turnover was EGP 717 mn, and foreign investors were the sole net sellers.<\/p>\n<p><strong>Foreigners:<\/strong> Net short | EGP -80.2 mn<\/p>\n<p><strong>Regional:<\/strong> Net long | EGP +1.8 mn<\/p>\n<p><strong>Domestic:<\/strong> Net long | EGP +78.3 mn<\/p>\n<p><strong>Retail:<\/strong> 53.5% of total trades | 50.5% of buyers | 56.5% of sellers<\/p>\n<p><strong>Institutions:<\/strong> 46.5% of total trades | 49.5% of buyers | 43.5% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 31.73 (+0.73%)<br \/>\n <strong>Brent:<\/strong> USD 33.85 (+1.90%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 1.87 MMBtu, (+1.52%, April 2020 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,516.70 \/ troy ounce (-4.63%)<\/p>\n<p><strong>TASI:<\/strong> 6,357 (-2.98%) (YTD: -24.22%)<br \/>\n <strong>ADX:<\/strong> 3,922 (-7.40%) (YTD: -22.73%)<br \/>\n <strong>DFM:<\/strong> 2,032 (-7.96%) (YTD: -26.50%)<br \/>\n <strong>KSE Premier Market:<\/strong> 5,246 (+1.39%)<br \/>\n <strong>QE:<\/strong> 8,230 (-4.45%) (YTD: -21.06%)<br \/>\n <strong>MSM:<\/strong> 3,733 (-2.57%) (YTD: -6.22%)<br \/>\n <strong>BB: <\/strong>1,436 (-3.55%) (YTD: -10.79%)<\/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=\"570003\" 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\/15\/570003\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-570003\" class=\"content-area-description single-story post-570003 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>17-18 March (Tuesday-Wednesday): US Federal Open Market Committee will hold its two-day policy meeting to review the interest rate.<\/p>\n<p>24 March (Tuesday): <a href=\"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>2 April (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>2-4 April (Thursday- Saturday): Global Forum for Higher Education and Scientific Research (<a href=\"https:\/\/menafn.com\/1099821661\/Egypt-Higher-Education-Ministry-prepares-for-GFHS2020-for-scientific-research\">GFHS2020<\/a>) under the theme \u201cFuture in Action\u201d, new administrative capital, Egypt.<\/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>18 April (Saturday): One half of renowned duo 2CELLOS, Stjepan Hauser, known simply as Hauser, will be performing his only show in Egypt and it will take place in Somabay, Hurghada on April 18th. Tickets on sale at Ticketsmarche soon.<\/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>June: <a href=\"https:\/\/www.facebook.com\/CEconomySummit\/\">Circular Economy Summit<\/a>, Egypt, venue TBA.<\/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":569979,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-569978","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"208b2cb5-af97-4be7-8239-8f338b2a02db","teaser":"","photo_url":"https:\/\/ent.news\/2020\/3\/166.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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