{"id":570268,"date":"2020-03-25T04:06:22","date_gmt":"2020-03-25T04:06:22","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=570268"},"modified":"2025-12-16T07:22:34","modified_gmt":"2025-12-16T07:22:34","slug":"egypt-placed-under-curfew-as-govt-ramps-up-response-to-covid-19","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/egypt-placed-under-curfew-as-govt-ramps-up-response-to-covid-19\/","title":{"rendered":"Egypt placed under curfew as gov\u2019t ramps up response to covid-19"},"content":{"rendered":"<section id=\"570270\" 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=\"570270\">\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\/25\/what-were-tracking-on-25-march-2020\/\">\r\n                            What we\u2019re tracking on 25 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\/25\/what-were-tracking-on-25-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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The Madbouly government has also extended both the closure of schools and universities and the suspension of international flights, and has shut all but a handful of government services. We have chapter and verse on everything you need to know in this morning\u2019s Speed Round, below.<\/p><p><strong>PSA- You\u2019re going to hear a lot about social distancing measures being <\/strong><strong>\u201cworse than the <\/strong><strong>disease\u201d<\/strong> in the days ahead, including from The Donald, who wants the US <a href=\"https:\/\/www.nytimes.com\/2020\/03\/24\/us\/politics\/trump-coronavirus-easter.html\">open for business by Easter<\/a>. And there may prove to be smarter ways to do it. But in the meantime, it\u2019s the best the world can muster. Doubt it? <a href=\"https:\/\/twitter.com\/T_Inglesby\/status\/1242232846900756482\">Read this thread by Tom Inglesby of Johns Hopkins.<\/a><\/p><p><strong>COVID 19 IN EGYPT-<\/strong><\/p><p><a id=\"tldr-story-02\" class=\"content-anchor\"><\/a> <strong><a href=\"https:\/\/bit.ly\/2UtBgCA\">The Health Ministry yesterday reported<\/a><\/strong><strong> thirty-six new cases of covid-19,<\/strong> all but one of them Egyptian citizens, taking the overall total to 402. A woman from Alexandria, aged 54, became the latest victim of the outbreak, bringing the country\u2019s death toll to 20. Twelve people \u2014 nine Egyptians and three foreigners \u2014 were discharged from hospital, meaning 80 people have now made full recoveries.<\/p><p><strong>Cleopatra Hospitals and medical diagnostics outfit IDH have laid out how they\u2019re <\/strong><strong>handling covid-19, as has snackmaker Edita. <\/strong>Give them a read to see how they\u2019re protecting patients and consumers from the virus that\u2019s preoccupying us all \u2014 they\u2019re both reassuring to read as consumers and models of what to do if you\u2019re in a critical industry. Read (pdf): <a href=\"https:\/\/ent.news\/2020\/3\/Cleo-covid-19-protocol-update-E.pdf\">Cleopatra Hospitals<\/a> | <a href=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/idh\/IDH-covid-19-protocols-statement-E-.pdf\">IDH<\/a> (which owns diagnostics chains Al Borg and Al Mokhtabar) | <a href=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/efid\/Edita-COVID-19-Investor-Release-E-FINAL-3.pdf\">Edita<\/a>.<\/p><p><strong>\u201cOkay, so my company needs to put out a covid-19 statement, right?\u201d No<\/strong>, as we <a href=\"https:\/\/enterprise.press\/2020\/03\/25\/dont-need-talk-covid-19-company-much-think\/\">suggested recently in a note to friends and clients<\/a>, unless you\u2019re in a critical or regulated industry.<\/p><p><strong>The other obvious exception: If you\u2019re closing shop for the duration <\/strong>or otherwise have an, uhm, adverse outcome to report. Just make sure you aim your communication directly at your core audience, whether that\u2019s investors or consumers, for example.<\/p><p><strong>The German-Arab Chamber of Industry and Commerce did this when it told us that it <\/strong><strong>has closed for an indefinite period <\/strong>due to ongoing events. The chamber\u2019s staff members are accessible <a href=\"https:\/\/aegypten.ahk.de\/en\/about-us\/our-team\">via email<\/a>.<\/p><hr class=\"grey-line\"><p><strong>Air freight costs have more than doubled since the suspension of air traffic at Egypt\u2019s <\/strong><strong>airports<\/strong>, an industry official is quoted as saying by the <a href=\"https:\/\/alborsaanews.com\/2020\/03\/24\/1311468\">local press reports<\/a>. Both Emirates and EgyptAir have had to hike prices.<\/p><p><strong>Farmers receive debt relief:<\/strong> The Central Bank of Egypt has agreed to postpone loan repayments for farmers and breeders for six months, the Agriculture Minister El Sayed El Qusair <a href=\"https:\/\/hapijournal.com\/2020\/03\/24\/%d9%88%d8%b2%d9%8a%d8%b1-%d8%a7%d9%84%d8%b2%d8%b1%d8%a7%d8%b9%d8%a9-%d8%a7%d9%84%d8%a8%d9%86%d9%83-%d8%a7%d9%84%d9%85%d8%b1%d9%83%d8%b2%d9%8a-%d9%88%d8%a7%d9%81%d9%82-%d8%b9%d9%84%d9%89-%d8%aa%d8%a3\/\">said yesterday<\/a>. This after the central bank last week <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f2e78eb3-6978-4eb5-a04f-a3b7247293ed\">extended the tenor of all bank loans by six months<\/a> to provide relief to businesses.<\/p><p><strong>Afreximbank has announced a USD 3 bn package to assist member countries, including <\/strong><strong>Egypt,<\/strong> manage the economic and health impacts of the covid-19 outbreak, <a href=\"https:\/\/bit.ly\/2WIiRVs\">Al Mal reports<\/a>. It will support member states and other financial institutions in meeting their commercial loan obligations, as well as support foreign exchange reserves in the states\u2019 central banks.<\/p><p><strong>FOOD FOR THOUGHT- What the global pandemic means for Egypt\u2019s informal <\/strong><strong>economy:<\/strong> A side effect of the covid-19 pandemic is that it may push the government to reconsider its view of informal labor \u2014 be it seasonal labor, self-employed workers, or household enterprises that depend on daily transactions, <a href=\"https:\/\/www.bloomberg.com\/opinion\/articles\/2020-03-24\/the-pandemic-could-transform-informal-labor-in-the-global-south?sref=mmeFTDW1\">Amr Adly writes for Bloomberg Opinion<\/a>. Some 30% of labor in Egypt is informal, making it a major obstacle in imposing curfews or self-isolation given the lack of communication channels. It\u2019s also a chance for the government to improve its regulation of the informal economy \u2014 and give incentives to the informal economy to go legit to capitalize on formal safety nets. The draft SMEs Act, which is <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/af353e0f-dbdd-49ea-a0a6-fdb2b53437e0\">currently making its way<\/a> through the House of Representatives, will introduce tax and non-tax incentives to encourage informal businesses to join the formal economy.<\/p><p><strong>ON THE GLOBAL FRONT-<\/strong><\/p><p><strong>G7 officials pledge to do whatever it takes to save the global economy:<\/strong> G7 finance minister and central bank governors yesterday vowed to ramp up emergency fiscal and monetary stimulus measures as long as the global economy is threatened by the covid-19 pandemic. \u201cWe will do whatever is necessary to restore confidence and economic growth and to protect jobs, businesses, and the resilience of the financial system. We also pledge to promote global trade and investment to underpin prosperity,\u201d the group <a href=\"https:\/\/www.bankofcanada.ca\/2020\/03\/statement-of-g7-finance-ministers-central-bank-governors\/\">said in a statement<\/a>.<\/p><p><strong>Is the US the next epicenter of corona?<\/strong> The World Health Organization suggested yesterday that the US could become the next epicenter as the country sees a \u201cvery large acceleration\u201d of cases, <a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus\/u-s-could-become-next-coronavirus-epicenter-who-says-idUSKBN21B1RJ?il=0\">Reuters reports<\/a>.<\/p><p><strong>India has imposed a nationwide lockdown for 21 days <\/strong>to prevent the spread of covid-19, <a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-southasia\/india-shuts-down-for-21-days-as-coronavirus-spreads-across-south-asia-idUSKBN21B168\">reports Reuters<\/a>. It has reported 482 cases and 10 deaths so far, but the world\u2019s second most populous country could see over a mn cases by May, health researchers warn.<\/p><p><strong>The UAE is unblocking apps that use voice over IP<\/strong>, including Microsoft Teams, Skype for Business, Google Hangout, Zoom, and Blackboard to help employees work remotely, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-03-24\/u-a-e-allows-microsoft-skype-for-business-google-hang-out?srnd=premium-middle-east&amp;sref=mmeFTDW1\">according to Bloomberg<\/a>.<\/p><p><strong>The 2020 Summer Olympics have been postponed until 2021,<\/strong> the International Olympic Committee confirmed, according to <a href=\"https:\/\/apnews.com\/98f70ad86446fe2c3ba0bab5ab6bdf2c\">the Associated Press<\/a>.<\/p><hr class=\"grey-line\"><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\/Jetty-Web-1.png?ssl=1\" alt=\"enterprise\"><\/a><\/p><p><strong>US presidential hopeful Joe Biden\u2019s campaign is struggling to capture attention and <\/strong><strong>funds amid the covid-19 crisis<\/strong>, pushing what would normally be a presidential campaign in full gear to relative obscurity, <a href=\"https:\/\/www.reuters.com\/article\/us-usa-election-biden\/biden-battles-for-attention-as-coronavirus-threatens-to-blunt-democrats-momentum-idUSKBN21B00P\">Reuters reports<\/a>. Heightened restrictions and the economic fallout of the covid-19 outbreak are challenging the campaign\u2019s fundraising effort and large public events are effectively off limits, meaning no campaign events. Meanwhile, big ticket donors are more focused on corona-related support \u2014 simply staying afloat.<\/p><hr class=\"grey-line\"><p><strong>Oh, and the rest of the world is getting a taste of Egyptian internet <\/strong>as Microsoft, Zoom, Google and other work-from-home tool providers struggle to keep up with demand \u2014 and as Youtube moves the whole world today to standard definition (480p) video by default. Google says the Youtube downshift will last a month. Regulators in Europe had already asked Netflix and Amazon Prime Video to do the same, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-03-24\/youtube-to-limit-video-quality-around-the-world-for-a-month?sref=mmeFTDW1\">Bloomberg<\/a> notes. <strong><a href=\"https:\/\/www.youtube.com\/watch?v=9wz2WWgv9Fs\">Use the time to watch Metallica in concert<\/a><\/strong> as the band releases a concert a week for the world to watch without charge.<\/p><p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/Web-view-01.jpg?ssl=1\" alt=\"enterprise\"><\/p><p><strong>*** It\u2019s Hardhat day \u2014 your weekly briefing of all things infrastructure in Egypt:<\/strong> Enterprise\u2019s industry vertical focuses each Wednesday on infrastructure, covering everything from energy, water, transportation, urban development and even social infrastructure such as health and education.<\/p><p><strong>In today\u2019s issue: Our exclusive sitdown with Osama Bishai, CEO of Orascom <\/strong><strong>Construction<\/strong>, the first in a two-part series on how the construction industry is managing the covid-19 crisis. Bishai spoke with us on the state of the sector during covid today, what can we expect on the long term, and what lessons or positive outcomes we can draw in a post-covid-19 world. <strong>Part two next week features a sit-down with Hassan Allam Holding co-CEOs Amr and Hassan Allam.<\/strong><\/p>\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\/food\/\">food<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/industry\/\">industry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/informal-economy\/\">informal economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/labor\/\">labor<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/legislation\/\">legislation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/smes\/\">SMEs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/smes-act\/\">SMEs Act<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            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   \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/25\/govt-covid-19-curfew-tops-the-coverage-on-the-nations-talk-shows\/\">\r\n                            Gov\u2019t covid-19 curfew tops the coverage on the nation\u2019s talk shows                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n               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                   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=Gov%E2%80%99t+covid-19+curfew+tops+the+coverage+on+the+nation%E2%80%99s+talk+shows+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F03%2F25%2Fgovt-covid-19-curfew-tops-the-coverage-on-the-nations-talk-shows%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\/25\/govt-covid-19-curfew-tops-the-coverage-on-the-nations-talk-shows\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-570272\" class=\"content-area-description single-story post-570272 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-covid-19 tag-enterprise-last-nights-talk-shows tag-enterpriseam tag-health tag-healthcare tag-pandemic tag-schools wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The government\u2019s decision to introduce a nighttime curfew got top billing on the talk <\/strong><strong>shows last night:<\/strong> Al Hayah Al Youm's Lobna Assal <a href=\"https:\/\/www.youtube.com\/watch?v=X5i91lOFJZ4\">(watch, runtime: 3:00)<\/a> and Masaa DMC\u2019s Ramy Radwan <a href=\"https:\/\/www.youtube.com\/watch?v=Z4RgcYqvHeE\">(watch, runtime: 5:14)<\/a> both covered Prime Minister Moustafa Madbouly's decision to impose a curfew from 7PM to 6AM. The move is the latest in a string of increasingly far-reaching decisions taken to halt the spread of the virus, which at the moment shows no sign of slowing down. Cabinet spokesman Nader Saad told Min Masr's Amr Khalil that people found to be violating the curfew will either be fined EGP 4k or imprisoned, and repeat offenders will receive both punishments <a href=\"https:\/\/www.youtube.com\/watch?v=GZBSHPlZM58\">(watch, runtime: 9:33)<\/a>. We have full coverage of the announcement in this morning\u2019s Speed Round, below.<\/p>\n<p><strong>Targeted support for the private sector:<\/strong> The government will assist the private sector through sector-specific measures rather than a broader economic rescue program, Manpower Minister Mohamed Saafan told Al Hayah Al Youm\u2019s Lobna Assal. He said assessments on support will be made based on the severity of impact on each sector. He called on irregular workers to record their information on the ministry\u2019s website so that they can collect their exceptional EGP 500 stipend, adding that some 130k workers have registered so far and are being authenticated.<\/p>\n<p>He said that he\u2019s seen a marked difference in the private sector over the past week, with companies taking the pandemic more seriously and reducing capacity and shifts. He added that safety inspectors have been instructed to ensure that private companies are abiding by the state's precautionary measures <a href=\"https:\/\/www.youtube.com\/watch?v=-UxnJVTPphg\">(watch, runtime: 6:40)<\/a>.<\/p>\n<p><strong>Schools could be turned into hospitals if cases top 1k:<\/strong> The government may be forced to convert some schools into hospitals if the number of cases rises above 1k, Information Minister Osama Heikal told Yahduth Fi Misr\u2019s Sherif Amer. He also implied that ministers wouldn\u2019t move to impose a full curfew, suggesting that preventing people from buying their necessities would not be a logical policy choice <a href=\"https:\/\/www.youtube.com\/watch?v=JDP0i_Z_Vww\">(watch, runtime: 10:55)<\/a>.<\/p>\n<p><strong>The daily covid-19 update:<\/strong> Another person died and 36 new confirmed cases were discovered yesterday, taking the country\u2019s covid-19 case total to 402 and the overall death toll to 20, the Health Ministry said in its daily statement yesterday. Twelve people made full recoveries and were discharged from hospital, and the number of cases to turn from positive to negative \u2014 indicating that they are on the road to recovery \u2014 reached 100. Masaa DMC\u2019s Ramy Radwan <a href=\"https:\/\/www.youtube.com\/watch?v=Zai_3kqa-hw\">(watch, runtime: 2:13)<\/a> and Min Masr\u2019s Reham Ibrahim <a href=\"https:\/\/www.youtube.com\/watch?v=5SuzfeQDHW8\">(watch, runtime: 16:26:)<\/a> covered the statement.<\/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\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-last-nights-talk-shows\/\">Enterprise+: Last Night\u2019s Talk Shows<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/health\/\">health<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/healthcare\/\">healthcare<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pandemic\/\">pandemic<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/schools\/\">Schools<\/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=\"570273\" 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=\"570273\">\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\/25\/egypt-officially-imposes-11-hour-curfew-extends-for-two-weeks-the-flight-ban-and-suspension-of-schools-and-universities\/\">\r\n                            Egypt officially imposes 11-hour curfew, extends for two weeks the flight ban and suspension of schools and universities                        <\/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\/25\/egypt-officially-imposes-11-hour-curfew-extends-for-two-weeks-the-flight-ban-and-suspension-of-schools-and-universities\/\" 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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Citizens will not be permitted to leave their homes during curfew hours and all forms of public and private mass transportation are prohibited. This includes taxis, rideshare services such as Uber and Careem, and tuk-tuks. While it will not be explicitly banned, Madbouly called on citizens to limit as much as possible traveling between governorates for the coming period.<\/p>\n<p><strong>Schools and universities will remain closed for an additional 15 days<\/strong>, after the initial two-week closure period announced earlier this month elapses. That means that, instead of resuming classes on 29 March, these institutions will now be closed until 13 April.<\/p>\n<p><strong>The suspension of all inbound and outbound international flights <\/strong><strong><a href=\"https:\/\/bit.ly\/2UyNLNd\">will be extended<\/a><\/strong><strong> for an <\/strong><strong>additional two weeks.<\/strong> Flights were suspended from last Thursday until the end of the month. The suspension will now be extended until mid-April. <strong>Cargo flights are still permitted.<\/strong><\/p>\n<p><strong>Just about all public-facing government services will be suspended for the entirety of the <\/strong><strong>two weeks.<\/strong> This includes civil registry offices, real estate registry offices, as well as the issuance of all official documents including (but not limited to) car and drivers licenses, passports, national ID cards, work permits, and construction permits. <strong>The only exception to this rule will be Health Ministry-affiliated services<\/strong> to allow for the registry of new births and deaths during this period.<\/p>\n<p><strong>What if your driver\u2019s license \/ work permit \/ whatever is set to expire? <\/strong>Quite sensibly, the Interior Ministry will extend the validity of all licenses and official documents that are set to expire during the two-week period.<\/p>\n<p><strong>How is the curfew going to impact business? <\/strong>Read on:<\/p>\n<p><strong>Shops and retail stores, including malls, will be closed between 5pm and 6am on <\/strong><strong>weekdays.<\/strong> They will be required to remain closed all day Friday and Saturday.<\/p>\n<p><strong>Cafes, bars, casinos, and nightclubs will be shut down completely<\/strong> for the two-week period. All gyms and sporting clubs are also to close.<\/p>\n<p><strong>Restaurants and other food services will only be allowed to run delivery service<\/strong> from 6am-7pm, but can\u2019t open for table service.<\/p>\n<p><strong>Who\u2019s exempt? <\/strong>Supermarkets, grocers, bakeries, and pharmacies (except for those inside malls).<\/p>\n<p><strong>Hospitals and all medical facilities will likewise be exempt from the curfew<\/strong> and will remain open around the clock. Journalists and media professionals will also be allowed to move freely during the curfew, Information Minister Osama Heikal said, <a href=\"https:\/\/alborsaanews.com\/2020\/03\/24\/1311400\">according to the local press<\/a>.<\/p>\n<p><strong>Petrol stations look like they\u2019ll be allowed to continue operating during curfew<\/strong> to receive deliveries as tankers delivering petroleum products are exempt from the ban on movement.<\/p>\n<p><strong>Banks are moving to shorter hours starting today<\/strong>, the Central Bank of Egyp (CBE) said in <a href=\"https:\/\/ent.news\/2020\/3\/%D9%83%D8%AA%D8%A7%D8%A8-%D8%AF%D9%88%D8%B1%D9%8A-%D8%A8%D8%AA%D8%A7%D8%B1%D9%8A%D8%AE-24-%D9%85%D8%A7%D8%B1%D8%B3-2020-%D8%A8%D8%B4%D8%A7%D9%94%D9%86-%D8%AA%D8%B9%D8%AF%D9%8A%D9%84-%D9%85%D9%88%D8%A7%D8%B9%D9%8A%D8%AF-%D8%A7%D9%84%D8%B9%D9%85%D9%84-%D8%A8%D8%A7%D9%84%D8%A8%D9%86%D9%88%D9%83-%D9%88%D9%81%D9%82%D8%A7%D9%8B-%D9%84%D9%84%D8%AA%D8%AF%D8%A7%D8%A8%D9%8A%D8%B1-%D8%A7%D9%84%D8%A7%D8%AD%D8%AA%D8%B1%D8%A7%D8%B2%D9%8A%D8%A9-%D8%A7%D9%84%D9%85%D8%AA%D8%AE%D8%B0%D8%A9-%D9%84%D9%85%D9%88%D8%A7%D8%AC%D9%87%D8%A9-%D8%A7%D9%93%D8%AB%D8%A7%D8%B1-%D9%81%D9%8A%D8%B1%D9%88%D8%B3-%D9%83%D9%88%D8%B1%D9%88%D9%86%D8%A7.pdf\">a statement (pdf)<\/a>. Employee working hours will run between 9am and 2pm, and banks will open their doors to customers from 9:30am until 1:30pm. <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=24032020&id=fd62732d-d746-43e5-a113-a663140d2ce3\">The FRA says<\/a> the same work hours are in effect now for the insurance industry.<\/p>\n<p><strong>The EGX is also shortening the trading day<\/strong> to run from 10am until 1:30 pm, <a href=\"https:\/\/ent.news\/2020\/3\/EGX-curfew-hours.pdf\">according to a<\/a><a href=\"https:\/\/ent.news\/2020\/3\/EGX-curfew-hours.pdf\">statement (pdf)<\/a>. Price discovery will begin at 9:30am.<\/p>\n<p><strong>The government will also extend for 15 days its previous decision to cut down on the <\/strong><strong>number of civil servants and employees<\/strong> at public sector companies and institutions. This extension will be applied as of 1 April, when the initial decision was set to expire.<\/p>\n<p><strong>The Customs Authority <\/strong><strong><a href=\"https:\/\/almalnews.com\/%D8%A7%D9%84%D8%AC%D9%85%D8%A7%D8%B1%D9%83-%D8%AA%D8%B9%D9%84%D9%86-%D8%B9%D9%86-%D9%85%D9%88%D8%A7%D8%B9%D9%8A%D8%AF-%D8%A7%D9%84%D8%B9%D9%85%D9%84-%D8%A8%D8%A7%D9%84%D9%85%D9%86%D8%A7%D9%81%D8%B0\/\">will operate<\/a><\/strong><strong> from 8am-4:30pm, <\/strong><a href=\"https:\/\/almalnews.com\/%d8%a7%d9%84%d8%ac%d9%85%d8%a7%d8%b1%d9%83-%d8%a7%d9%84%d8%a3%d9%88%d9%84%d9%88%d9%8a%d8%a9-%d9%81%d9%89-%d8%a7%d9%84%d8%a5%d9%81%d8%b1%d8%a7%d8%ac-%d9%84%d9%84%d8%b3%d9%84%d8%b9-%d8%a7%d9%84%d8%ba\/\">prioritizing the release<\/a> of food, medical supplies and other strategic products, and running two shifts at airports.<\/p>\n<p><strong>Sporting clubs and facilities, youth centers, and gyms will be completely closed<\/strong> for the next two weeks.<strong> The Football Association will suspend matches<\/strong> and all other activities until 14 April.<\/p>\n<p><strong>Food manufacturers are allowed to continue operating at full capacity despite the curfew <\/strong>in order to make sure the demand for food commodities is met, said Ashraf El Gazayerly, chairman of the Federation of Egyptian Industries' food industries division, <a href=\"https:\/\/bit.ly\/2UhJXRI\">according to Youm7<\/a>.<\/p>\n<p><strong>What happens if you break curfew? You\u2019re goin\u2019 to jail and will be slapped with an EGP <\/strong><strong>4k fine. <\/strong>At least if you\u2019re a repeat offender. Cabinet spokesman Nader Saad said last night (<a href=\"https:\/\/www.youtube.com\/watch?v=GZBSHPlZM58\">watch, runtime: 9:33<\/a>) that repeat offenders will face both fines and jails, while first-time offenders could get off with a fine alone.<\/p>\n<p><strong>You\u2019re still allowed to leave the house for emergency medical treatment <\/strong>but need to head straight to a treatment facility.<\/p>\n<p><strong>The story is leading coverage of Egypt in the foreign press:<\/strong> <a href=\"https:\/\/af.reuters.com\/article\/commoditiesNews\/idAFL8N2BH4LR\">Reuters<\/a> | <a href=\"https:\/\/apnews.com\/551a6d2c70ab049c1997bec6c4b13203\">Associated Press<\/a> | <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-03-24\/egypt-imposes-nighttime-curfew-to-contain-coronavirus-outbreak?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg<\/a> | <a href=\"https:\/\/www.capitalfm.co.ke\/news\/2020\/03\/egypt-imposes-night-time-curfew-for-two-weeks-pm\/\">AFP<\/a> | <a href=\"https:\/\/www.thenational.ae\/world\/mena\/coronavirus-egypt-declares-night-time-curfew-to-combat-outbreak-1.996773\">The National<\/a> | <a href=\"https:\/\/gulfnews.com\/world\/mena\/egypt-imposes-partial-curfew-over-virus-1.1585051382894\">Gulf News<\/a><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/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\/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=\"570287\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"570288\" 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=\"570288\">\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\/25\/egypt-in-the-news-on-25-march-2020\/\">\r\n                            Egypt in the News on 25 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\/25\/egypt-in-the-news-on-25-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\/25\/egypt-in-the-news-on-25-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\/25\/egypt-in-the-news-on-25-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 25 March 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/03\/25\/egypt-in-the-news-on-25-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\/25\/egypt-in-the-news-on-25-march-2020\/&title=Egypt in the News on 25 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+25+March+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F03%2F25%2Fegypt-in-the-news-on-25-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\/25\/egypt-in-the-news-on-25-march-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-570288\" class=\"content-area-description single-story post-570288 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-covid-19 tag-egypt-in-the-news tag-enterpriseam tag-health wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The government\u2019s decision to introduce a nightly curfew to slow the spread of covid-19 <\/strong><strong>is dominating the conversation in the foreign press this morning:<\/strong> We have the full story in this morning\u2019s Speed Round, above.<\/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\/covid-19\/\">covid-19<\/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\/health\/\">health<\/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=\"570292\" 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=\"570292\">\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\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/25\/the-market-yesterday-58\/\">\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\/25\/the-market-yesterday-58\/\" 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\/25\/the-market-yesterday-58\/')\">\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\/25\/the-market-yesterday-58\/\">\n                    Facebook                    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<\/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%2F25%2Fthe-market-yesterday-58%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\/25\/the-market-yesterday-58\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-570292\" class=\"content-area-description single-story post-570292 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 15.69 | Sell 15.79<\/p>\n<p> <strong>EGP \/ USD at CIB:<\/strong> Buy 15.70 | Sell 15.80<br \/>\n <strong>EGP \/ USD at NBE: <\/strong>Buy 15.68 | Sell 15.78<\/p>\n<p><strong>EGX30<\/strong> (Tuesday): 9,770 (-2.8%)<br \/>\n <strong>Turnover:<\/strong> EGP 962 mn (59% above the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: -30.0%<\/p>\n<p><strong>THE MARKET ON TUESDAY:<\/strong> The EGX30 ended Tuesday\u2019s session down 2.8%. CIB, the index\u2019s heaviest constituent, ended down 3.4%. EGX30\u2019s top performing constituents were Egyptian Resorts up 6.0%, Ibnsina Pharma up 5.0%, and AMOC up 1.7%. Yesterday\u2019s worst performing stocks were Juhayna down 5.8%, GB Auto down 5.0% and Egyptian Kuwait Holding down 5.0%. The market turnover was EGP 962 mn, and local investors were the sole net buyers.<\/p>\n<p><strong>Foreigners<\/strong>: Net short | EGP -209.1 mn<br \/>\n <strong>Regional<\/strong>: Net short | EGP -13.2 mn<br \/>\n <strong>Domestic<\/strong>: Net long | EGP +222.3 mn<\/p>\n<p><strong>Retail<\/strong>: 43.8% of total trades | 45.3% of buyers | 42.3% of sellers<br \/>\n <strong>Institutions<\/strong>: 56.2% of total trades | 54.7% of buyers | 57.7% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 24.44 (+1.79%)<br \/>\n <strong>Brent:<\/strong> USD 27.15 (+0.44%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 1.68 MMBtu, (+1.51%, April 2020 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,691 \/ troy ounce (+1.72%)<\/p>\n<p><strong>TASI:<\/strong> 6,193 (+3.4%) (YTD: -26.17%)<br \/>\n <strong>ADX:<\/strong> 3,651 (+6.08%) (YTD: -28.06%)<br \/>\n <strong>DFM:<\/strong> 1,713 (-0.08%) (YTD: -38.04%)<br \/>\n <strong>KSE Premier Market:<\/strong> 5,200 (+5.11%)<br \/>\n <strong>QE:<\/strong> 8,276 (+0.22%) (YTD: -20.61%)<br \/>\n <strong>MSM:<\/strong> 3,553 (-0.38%) (YTD: -10.73%)<br \/>\n <strong>BB: <\/strong>1,360 (-2.09%) (YTD: -15.52%)<\/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\/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=\"570293\" 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\/25\/570293\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-570293\" class=\"content-area-description single-story post-570293 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>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>31 March (Tuesday): Houses of worship expected to be reopened to the public.<\/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): House of Representatives covid-19 recess ends.<\/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>13 April (Monday): Schools and universities expected to resume classes after covid-19 closure.<\/p>\n<p>15 April (Wednesday): International flight suspension in Egypt expected to be lifted.<\/p>\n<p>16 April (Thursday): New deadline for individuals to file their tax returns to the Egyptian Tax Authority.<\/p>\n<p>17-19 April (Friday-Sunday): IMF, World Bank will hold virtual 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\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":570269,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-570268","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"56b2d68e-a593-4aba-90e3-f81cf6bd991f","teaser":"","photo_url":"https:\/\/ent.news\/2020\/3\/281.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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