{"id":570408,"date":"2020-03-31T04:31:53","date_gmt":"2020-03-31T04:31:53","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=570408"},"modified":"2025-12-16T07:27:02","modified_gmt":"2025-12-16T07:27:02","slug":"maait-outlines-next-budget-against-the-backdrop-of-covid-19","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/maait-outlines-next-budget-against-the-backdrop-of-covid-19\/","title":{"rendered":"Maait outlines next budget against the backdrop of covid-19"},"content":{"rendered":"<section id=\"570410\" 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=\"570410\">\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\/31\/what-were-tracking-on-31-march\/\">\r\n                            What we\u2019re tracking on 31 March                        <\/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\/31\/what-were-tracking-on-31-march\/\" 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\/31\/what-were-tracking-on-31-march\/')\">\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\/31\/what-were-tracking-on-31-march\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=What we\u2019re tracking on 31 March&url=https:\/\/enterpriseam.com\/egypt\/2020\/03\/31\/what-were-tracking-on-31-march\/\">\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\/31\/what-were-tracking-on-31-march\/&title=What we\u2019re tracking on 31 March\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=What+we%E2%80%99re+tracking+on+31+March+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F03%2F31%2Fwhat-were-tracking-on-31-march%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\/31\/what-were-tracking-on-31-march\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-570410\" class=\"content-area-description single-story post-570410 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-african-development-bank tag-china tag-covid-19 tag-enterpriseam tag-health tag-health-ministry tag-healthcare tag-italy tag-religion wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_27645\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\">\n<p class=\"f-graphik\" style=\"font-size:14px\">Together with<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27482.svg\" alt=\"\" class=\"wp-image-27482\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><strong>*** We\u2019ve never asked you for a penny<\/strong>, but we\u2019re doing so today \u2014 not to put a coin in our pocket, but to help the folks at the Breathe campaign raise funds to acquire ventilators the nation needs.<\/p><p><strong>The Breathe Campaign is raising funds to purchase mechanical ventilators from <\/strong><strong>suppliers around <\/strong><strong>the world.<\/strong> As the number of covid-19 cases rises in Egypt, so does the need for ventilators across the country. For critically ill patients, mechanical ventilation can be the difference between life and death \u2014 all of you reading Enterprise have seen the stories about shortages in developed economies including Italy and the United States. The Breathe Campaign, a pilot project by charity startup Humankind with the aid of the Egyptian Cure Bank, has created a star-studded campaign featuring public figures including Yosra, Amina Khalil and Naguib Sawiris simply inhaling and exhaling.<\/p><p><strong>Keep up to date with the campaign on <\/strong><strong><a href=\"https:\/\/www.instagram.com\/thebreathecampaign\/\">Instagram<\/a><\/strong> and check out the ad (<a href=\"https:\/\/www.youtube.com\/watch?v=gvcXkP9pZvI&amp;feature=youtu.be\">watch, runtime:<\/a><a href=\"https:\/\/www.youtube.com\/watch?v=gvcXkP9pZvI&amp;feature=youtu.be\">1:08<\/a>).<\/p><p><strong>Want to make a contribution? <\/strong>Hit up the <a href=\"https:\/\/www.egyptiancurebank.com\/donation\/monetary\/\">Egyptian Cure Bank<\/a>, Fawry or the FawryApp or check out the description section of the Youtube page for other options.<\/p><hr class=\"grey-line\"><p><strong>Finance Minister Mohamed Mait unveiled the 2020-20201 state budget yesterday<\/strong>. We have chapter and verse in this morning\u2019s Speed Round, below.<\/p><p><strong>It\u2019s interest rate week<\/strong>, with the central bank set to meet on Thursday to review rates \u2014 it\u2019s first regularly scheduled meeting since its <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f2e78eb3-6978-4eb5-a04f-a3b7247293ed\">surprise 300 bps rate cut earlier this month<\/a>. We\u2019ll have our usual poll of analysts for you tomorrow.<\/p><p><strong>The government committee in charge of setting local fuel prices will hold its quarterly <\/strong><strong>meeting today<\/strong>, <a href=\"https:\/\/alborsaanews.com\/2020\/03\/30\/1314199\">the local press reports<\/a>. Fuel prices look set to fall: The price of oil has plunged since the beginning of the year. The committee has raise or lower domestic fuel prices as much as 10% every three months.<\/p><p><strong>MARKETS TODAY- <\/strong>Asian markets with the exception of India inched into the green this morning as we hurtle toward dispatch time. Futures suggest both European and North American markets should also open in the green later today.<\/p><hr class=\"grey-line\"><p><strong>COVID-19 IN EGYPT-<\/strong><\/p><p><a id=\"tldr-story-02\" class=\"content-anchor\"><\/a> <strong>Egypt has now reported a total of 656 cases of covid-19<\/strong> after 47 new infections, all Egyptians, were <a href=\"https:\/\/bit.ly\/2ULn2xa\">announced by the Health Ministry<\/a> last night. The ministry also reported the death of a 44-year-old woman from Cairo, taking the death toll to 41. It said 150 people have made full recoveries and another 196 people have tested negative after seeking treatment.<\/p><p><strong>The first known instance of a medical professional dying after contracting covid-19 <\/strong>came yesterday as the Health Ministry mourned the passing of Dr. Ahmed Abdou Ellawah, a professor of medicine at Al Azhar University, who died at age 57. His death will bring the toll to at least 42 when it is included in the ministry\u2019s daily update this evening, health ministry spokesman Khaled Megahed <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=30032020&amp;id=6a52f6aa-544e-4981-ad5c-1a89c694dcb6\">said last night<\/a>.<\/p><p><strong>Egypt will roll out new testing facilities nationwide <\/strong>over the coming two days. Some 26 centers are already up and running, according to a cabinet <a href=\"https:\/\/bit.ly\/39s0w1l\">statement<\/a> released after a meeting between Prime Minister Moustafa Madbouly and Health Minister Hala Zayed.<\/p><p><strong>The nation is looking to build a three-month reserve of personal protective equipment <\/strong><strong>(so-called \u201cPPE) for medical professionals <\/strong>amid fears of a shortage. Trade Minister Nevine Gamea is requiring Egyptian producers and importers of PPE to sell directly to the national stockpile at the Egyptian Authority for Unified Procurement, Medical Supply, and Technological Management. Suppliers to the Armed Forces and police service are exempt from the order, <a href=\"https:\/\/bit.ly\/3dH7gMc\">according to a cabinet statement<\/a>.<\/p><p><strong>The government is also adding to its strategic reserve of staple goods <\/strong>in the face of the covid-19 crisis and with Ramadan around the corner. The news came after President Abdel Fattah El Sisi met with cabinet members yesterday, according to <a href=\"https:\/\/bit.ly\/39vr3Lo\">an Ittihadiya statement<\/a>. El Sisi also urged officials to crack down on price gouging and hoarding.<\/p><p><strong>As many as 1k frontline healthcare workers will receive life insurance <\/strong>under policies worth EGP 2.5 mn each. The policies are being bought by the Federation of Egyptian Industries, the <a href=\"https:\/\/alborsaanews.com\/2020\/03\/30\/1314306\">local press reports<\/a>. The Health Ministry will help determine who is eligible for coverage under the policies. The policies are intended for staff who work directly with covid-19 patients.<\/p><hr class=\"grey-line\"><p><strong>New, <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/98ceb9d1-cecf-4c5d-839b-745003defa89\">temporary caps on deposits and withdrawals<\/a><\/strong><strong> by individuals do not apply <\/strong>if you\u2019re looking to buy into the new 15% fixed-rate savings certificates launched by Banque Misr and the National Bank of Egypt last week, <a href=\"https:\/\/almalnews.com\/%d8%a7%d9%84%d9%85%d8%b1%d9%83%d8%b2%d9%8a-%d9%8a%d8%b3%d8%aa%d8%ab%d9%86%d9%89-%d8%b4%d8%b1%d8%a7%d8%a1-%d8%b4%d9%87%d8%a7%d8%af%d8%a7%d8%aa-%d8%a7%d9%84%d9%80-15-%d9%85%d9%86-%d8%ad%d8%af%d9%88\/\">Al Mal reports<\/a>.<\/p><p><strong>Restaurants, gyms, nightclubs, museums and archaeological sites will remain closed <\/strong><strong>until 15 April<\/strong> in an extension of the suspension of activities period by the Tourism Ministry, according to a <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/photos\/a.825570437621323\/1552997068211986\/?type=3&amp;theater&amp;_rdc=1&amp;_rdr\">cabinet statement<\/a>.<\/p><p><strong>Imams who reopen mosques for prayers in defiance of the government\u2019s closure orders <\/strong><strong>will be summarily fired<\/strong>, the Endowment Ministry said yesterday, <a href=\"https:\/\/bit.ly\/3bCUgpb\">according to a cabinet statement<\/a>.<\/p><hr class=\"grey-line\"><p><strong>The New Urban Communities Authority isn\u2019t ceding an inch to real estate developers<\/strong> despite a directive from the Central Bank of Egypt that creditors reschedule loan payments and other obligations for a six-month period, the local press <a href=\"https:\/\/alborsaanews.com\/2020\/03\/30\/1314089\">reports<\/a>, citing unnamed informed sources. NUCA is reportedly preparing a memo for the Housing Ministry outlining why <strong>it doesn\u2019t think land payments it is owed by real estate developers should be subject<\/strong> to the payment holiday. The domestic press report suggests NUCA needs the cashflow so that it can still honor its obligations to contractors it has engaged.<\/p><p><strong>You\u2019re not getting a visit from the gas meter reader this month:<\/strong> The Oil Ministry will stop sending meter readers for the duration of the crisis. Instead, it is asking citizens to <a href=\"https:\/\/www.petrotrade.com.eg\/web\/enq.html\">record<\/a>their consumption online or by calling the call center and to <a href=\"https:\/\/www.petrotrade.com.eg\/web\/paymentb.html\">pay<\/a> via electronic channels, <a href=\"https:\/\/bit.ly\/2Uuhyrw\">according to Masrawy.<\/a><\/p><p><strong>The Ministry of Water Resources isn\u2019t going to be collecting license fees <\/strong>from boats or floating hotels anytime soon, either, <a href=\"https:\/\/almalnews.com\/%d9%88%d8%b2%d9%8a%d8%b1-%d8%a7%d9%84%d8%b1%d9%8a-%d8%a5%d8%b1%d8%ac%d8%a7%d8%a1-%d8%aa%d8%ad%d8%b5%d9%8a%d9%84-%d8%b1%d8%b3%d9%88%d9%85-%d8%a7%d9%84%d9%85%d8%b1%d8%a7%d9%83%d8%a8-%d8%a7%d9%84%d8%b3\/\">Al Mal reports<\/a>.<\/p><p><strong>An exceptional flight yesterday repatriated some 350 Egyptians stranded in Kuwait<\/strong> since the covid-19 outbreak, <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1653800\">Al Masry Al Youm<\/a> reports. Government officials are still working to get home another 95 citizens <a href=\"https:\/\/www.egypttoday.com\/Article\/1\/83186\/95-Egyptians-stranded-in-Maldives-others-stuck-in-Southeast-Asia\">stuck in the Maldives<\/a>.<\/p><hr class=\"grey-line\"><p><strong>Gov\u2019t falls short in t-bond auction:<\/strong> The Central Bank of Egypt sold EGP 2.5 bn of treasury bonds in two auctions that sought to raise EGP 7.5 bn, according to the official data. The CBE sold EGP 1.5 bn of three-year bonds in an EGP 4 bn offering at a 13.9% yield, almost 400 bps under the rate requested by investors. In the EGP 3.5 bn seven-year offering, investors bought EGP 1 bn of bonds at a 14% yield, 410 bps lower than the requested rate. The government has faced issues selling its target amount of bonds in recent weeks as market turmoil caused by covid-19 pushed investors to demand higher yields.<\/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\/Marina-Web-1.png?ssl=1\" alt=\"enterprise\"><\/a><\/p><p><strong>ON THE GLOBAL FRONT-<\/strong><\/p><p><strong>What\u2019s this? Some good news?<\/strong> US healthcare giants Johnson &amp; Johnson and Moderna are preparing to manufacture huge quantities of covid-19 vaccines after agreeing to overtures made by the US government, <a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-johnson-johnson\/jj-u-s-government-plan-1-billion-doses-of-coronavirus-vaccine-idUSKBN21H1OY\">Reuters reports<\/a>. The US will pay USD 421 mn to J&amp;J to establish new manufacturing facilities that will enable it to produce more than 1 bn doses of a vaccine it is currently testing.<\/p><p><strong>Let\u2019s not get ahead of ourselves here:<\/strong> There exist no vaccines or treatments for the virus, and that\u2019s not expected to change until at least 2021.<\/p><p><strong>Researchers in Melbourne are investigating to see whether the BCG vaccine against tuberculosis can ward off corona,<\/strong> <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-03-30\/century-old-vaccine-investigated-as-a-weapon-against-coronavirus?sref=mmeFTDW1\">Bloomberg says<\/a>. It all sounds good until you realise that countries where BCG is widely used \u2014 China, Iran and the UK for example \u2014 have also become hotspots for covid. So we\u2019re not holding out too much hope that a century-old vaccine is going to be the answer to most of our current problems.<\/p><p><strong>The news of progress towards a vaccine helped stocks to rally:<\/strong> <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-03-29\/yen-gains-aussie-slips-as-virus-deaths-assessed-markets-wrap?sref=mmeFTDW1\">Healthcare stocks led the<\/a> <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-03-29\/yen-gains-aussie-slips-as-virus-deaths-assessed-markets-wrap?sref=mmeFTDW1\">charge in the US markets yesterday<\/a> which saw the S&amp;P 500 rise for the fourth time in five sessions, gaining 17% over the past week. It was a similar story on the other side of the Atlantic where all indexes except Spain\u2019s IBEX finished in the green.<\/p><p><strong>But \u201cwe\u2019re not in an all clear,\u201d El Erian warns:<\/strong> Market sage Mohamed El Erian said that he believes the \u201csell everything\u201d moment has now passed, but that we\u2019re still in for turbulence ahead. \u201cIf you feel it\u2019s the all clear, go out and buy the index \u2026 I don\u2019t think we\u2019re there yet. We\u2019re not in the an all clear,\u201d he told <a href=\"https:\/\/www.cnbc.com\/2020\/03\/30\/mohamed-el-erian-not-in-an-all-clear-for-stock-index-buying.html\">CNBC\u2019s Squawk Box<\/a>.<\/p><p><strong>FROM THE DEPARTMENT OF REDUNDANCY DEPARTMENT- <\/strong>IPOs are challenged (shocking, right?) as market volatility makes pricing difficult, the <a href=\"https:\/\/www.ft.com\/content\/cdbc3892-9d14-4b18-ab5a-aee2ce6062cf\">Financial Times reports<\/a>.<\/p><p><strong>AfDB issues USD 3 bn bond to curb economic impact of covid-19: <\/strong>The African Development Bank (AfDB) has raised USD 3 bn from a three-year social bond, the proceeds of which will be used to finance the bank\u2019s planned \u201ccomprehensive response\u201d to cushion African countries from the economic impact of the covid-19 virus, <a href=\"https:\/\/www.afdb.org\/en\/news-and-events\/press-releases\/african-development-bank-launches-record-breaking-3-billion-fight-covid-19-social-bond-34982\">according to a statement<\/a>.<\/p><p><strong>This comes as Africa approaches its \u201cbreak the glass moment\u201d:<\/strong> At least, that\u2019s how Chairman of the joint World Bank - IMF Development Committee Ken Ofori-Atta put it in an interview with<a href=\"https:\/\/www.ft.com\/content\/07716a2b-2ba5-44aa-80ff-13d5eafb4bad\">the Financial Times<\/a>. Ofori-Atta warned that international actors need to step up their efforts to help shield the continent from the spread of the covid-19, which could <strong>wipe out 5-10% of the continent\u2019s GDP. <\/strong>That could force the IMF to step in with debt forgiveness and bailout packages.<\/p><p><strong>The UN is listening, joining with the IMF to call for USD 2.5 tn in emergency support for developing <\/strong><strong>countries:<\/strong> <a href=\"https:\/\/unctad.org\/en\/pages\/newsdetails.aspx?OriginalVersionID=2315\">In a report published yesterday<\/a>, the UN Conference on Trade and Development argues for massive fiscal support to be provided to lower income countries whose economies will take an \u201cenormous hit\u201d due to capital flight, falling commodity prices and currency depreciations. UNCTAD is calling for USD 1 tn in fresh liquidity, a USD 1 tn debt relief package for countries with USD debt, and USD 500 bn to support emergency health services and social programmes.<\/p><p><strong>Dubai\u2019s <\/strong><strong><a href=\"https:\/\/www.expo2020dubai.com\/\">Expo 2020<\/a><\/strong> <strong>will reportedly be pushed for one year <\/strong>due to the covid-19 outbreak, according to a draft statement seen by <a href=\"https:\/\/ara.reuters.com\/article\/businessNews\/idARAKBN21H1B2\">Reuters<\/a>. The expo was previously scheduled to open on 20 October.<\/p><p><strong>Israeli Prime Minister Benjamin Netanyahu is going into isolation<\/strong> after being in contact with an aide who tested positive for covid-19. (<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-03-30\/israel-pm-netanyahu-to-enter-quarantine-awaiting-test-results?srnd=premium-middle-east&amp;sref=mmeFTDW1\">Bloomberg<\/a>)<\/p><hr class=\"grey-line\"><p><strong>What we\u2019re doing now? <\/strong><strong><a href=\"https:\/\/www.ft.com\/content\/75639ffa-6f95-11ea-89df-41bea055720b\">This could be the future of work<\/a><\/strong>, the Financial Times writes in the latest in a little string of pieces it has done on working from home.<\/p><p><strong>Need a pick-me-up? Watch John Krasinski give a rundown of good news stories in the <\/strong><strong>world today<\/strong> (<a href=\"https:\/\/www.youtube.com\/watch?v=F5pgG1M_h_U&amp;t=352s\">watch, runtime: 15:43<\/a>). It\u2019s uplifting without being saccharine, and for fans of <a href=\"https:\/\/www.imdb.com\/title\/tt0386676\/\">The Office<\/a> there\u2019s the bonus of an interview with Steve Carell.<\/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\/african-development-bank\/\">African Development Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span 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\/health-ministry\/\">Health Ministry<\/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\/italy\/\">Italy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/religion\/\">Religion<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"570411\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 .stk-block-carousel__button svg.ugb-custom-icon :is(g, path, rect, polygon, ellipse){fill:#FFFFFF !important;}<\/style>\r\n                <div class=\"stk-block-carousel__content-wrapper\">\r\n                <div class=\"stk-row stk-inner-blocks stk-block-content stk-block-carousel__slider-wrapper stk-content-align stk-a38cfb2-column alignwide\">\r\n                <div class=\"stk-block-carousel__slider\" role=\"list\" data-autoplay=\"4000\" data-label-slide-of=\"Slide %%d of %%d\">\r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-46c5f99\" data-v=\"4\" data-block-id=\"46c5f99\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-46c5f99-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-46c5f99-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240922.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.hsbc.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27489.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Opening up a world of opportunity<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-4lyl6ch\" data-v=\"4\" data-block-id=\"4lyl6ch\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-4lyl6ch-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-4lyl6ch-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240923.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/efghldg.com\/en\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27488.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Realize More<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-g98ktyo\" data-v=\"4\" data-block-id=\"g98ktyo\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-g98ktyo-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-g98ktyo-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240924.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.sodic.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27487.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Live More<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-ychb11y\" data-v=\"4\" data-block-id=\"ychb11y\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-ychb11y-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-ychb11y-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240925.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/weareinfinity.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/27483.png?fit=300%2C300&#038;ssl=1\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Powering with nature<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-pnmfgoa\" data-v=\"4\" data-block-id=\"pnmfgoa\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-pnmfgoa-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-pnmfgoa-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240926.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.qalaaholdings.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/110691.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Driving growth<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-left\" class=\"svg-inline--fa fa-chevron-left\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M34.52 239.03L228.87 44.69c9.37-9.37 24.57-9.37 33.94 0l22.67 22.67c9.36 9.36 9.37 24.52.04 33.9L131.49 256l154.02 154.75c9.34 9.38 9.32 24.54-.04 33.9l-22.67 22.67c-9.37 9.37-24.57 9.37-33.94 0L34.52 272.97c-9.37-9.37-9.37-24.57 0-33.94z\"><\/path><\/svg><\/button><button class=\"stk-block-carousel__button stk-block-carousel__button__next\" aria-label=\"Next slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-right\" class=\"svg-inline--fa fa-chevron-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M285.476 272.971L91.132 467.314c-9.373 9.373-24.569 9.373-33.941 0l-22.667-22.667c-9.357-9.357-9.375-24.522-.04-33.901L188.505 256 34.484 101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg><\/button><\/div><\/div><div class=\"stk-block-carousel__dots\" role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"570412\" 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=\"570412\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/31\/draft-budget-reviewed-as-covid-19-fallout-still-dominates-talk-shows\/\">\r\n                            Draft budget reviewed as covid-19 fallout still dominates talk shows                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/31\/draft-budget-reviewed-as-covid-19-fallout-still-dominates-talk-shows\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2020\/03\/31\/draft-budget-reviewed-as-covid-19-fallout-still-dominates-talk-shows\/')\">\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\/31\/draft-budget-reviewed-as-covid-19-fallout-still-dominates-talk-shows\/\">\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=Draft budget reviewed as covid-19 fallout still dominates talk shows&url=https:\/\/enterpriseam.com\/egypt\/2020\/03\/31\/draft-budget-reviewed-as-covid-19-fallout-still-dominates-talk-shows\/\">\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\/31\/draft-budget-reviewed-as-covid-19-fallout-still-dominates-talk-shows\/&title=Draft budget reviewed as covid-19 fallout still dominates talk shows\">\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=Draft+budget+reviewed+as+covid-19+fallout+still+dominates+talk+shows+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F03%2F31%2Fdraft-budget-reviewed-as-covid-19-fallout-still-dominates-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\/31\/draft-budget-reviewed-as-covid-19-fallout-still-dominates-talk-shows\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-570412\" class=\"content-area-description single-story post-570412 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-alaa-arafa tag-central-bank-of-egypt tag-draft-2020-2021-budget tag-enterprise-last-nights-talk-shows tag-enterpriseam tag-mohamed-maait tag-world-health-organization wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>It feels like a lifetime since we\u2019ve had anything other than covid-19 on our screens:<\/strong> Last night Finance Minister Mohamed Maait was doing the rounds on the talk shows to discuss the new details of the draft budget released yesterday. Maait dropped into Al Hayah Al Youm <a href=\"https:\/\/www.youtube.com\/watch?v=rp8bjgsRX58\">(watch, runtime: 17: 12)<\/a> and Masaa DMC <a href=\"https:\/\/www.youtube.com\/watch?v=yxsQU9rNQoc\">(watch, runtime: 9:51)<\/a> to talk about the announcement. We have the full story in this morning\u2019s Speed Round, below.<\/p>\n<p><strong>WHO on Egypt\u2019s covid-19 efforts: <\/strong>Al Kahera Alaan\u2019s Lamees El Hadidi reported on the World Health Organization\u2019s press conference yesterday, which relayed the latest covid-19 updates in Egypt, and announced that the government had agreed to proceed with clinical trials in search of treatments for the disease <a href=\"https:\/\/www.youtube.com\/watch?v=URRUkROyC2c\">(watch, runtime: 2:40)<\/a>, El Hekaya\u2019s Amr Adib <a href=\"https:\/\/www.youtube.com\/watch?v=0jpciCpi6Cc&t=13s\">(watch, runtime: 3:20)<\/a> also covered the WHO\u2019s statements.<\/p>\n<p><strong>Two nights ago, <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9af20df0-dc40-428c-8656-1356b2153575\">Naguib Sawiris took to Al Kahera Alaan<\/a><\/strong><strong> to criticize the <\/strong><strong>government\u2019s covid-19 strategy. Last night, it was Alaa Arafa\u2019s turn<\/strong>. The garment maker and industrialist repeated several of the same talking points used by Sawiris to argue against a period of lockdown to contain the virus. Speaking with El Hadidi, Arafa claimed that lockdowns had not been proven effective in flattening the curve in some countries, and emphasized that Egypt cannot afford to completely shut down its economy. Instead, he argued for a so-called \u201cphase 2 rescue strategy\u201d for when the worst of the crisis is over, involving isolating positive and at-risk cases and returning others to work <a href=\"https:\/\/www.youtube.com\/watch?v=_OGt6AVaBzU\">(watch, runtime: 6:30)<\/a>.<\/p>\n<p><strong>A run on the banks?<\/strong> El Hadidi also reported on the crowds dashing toward the nation\u2019s banks and ATMs following the Central Bank of Egypt\u2019s decision on Monday to tighten limits on daily withdrawals and deposits. She voiced distress over the images and noted that the CBE will re-examine its caps in two weeks\u2019 time <a href=\"https:\/\/www.youtube.com\/watch?v=HhNZuxuwL3Q\">(watch, runtime: 4:44)<\/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\/alaa-arafa\/\">Alaa Arafa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/central-bank-of-egypt\/\">Central Bank of Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/draft-2020-2021-budget\/\">draft 2020-2021 budget<\/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\/mohamed-maait\/\">Mohamed Maait<\/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=\"570413\" 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=\"570413\">\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\/31\/government-spending-on-health-education-wages-and-welfare-is-set-to-increase-in-fy2020-2021\/\">\r\n                            Government spending on health, education, wages and welfare is set to increase in FY2020-2021                        <\/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\/31\/government-spending-on-health-education-wages-and-welfare-is-set-to-increase-in-fy2020-2021\/\" 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\/31\/government-spending-on-health-education-wages-and-welfare-is-set-to-increase-in-fy2020-2021\/')\">\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\/31\/government-spending-on-health-education-wages-and-welfare-is-set-to-increase-in-fy2020-2021\/\">\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=Government spending on health, education, wages and welfare is set to increase in FY2020-2021&url=https:\/\/enterpriseam.com\/egypt\/2020\/03\/31\/government-spending-on-health-education-wages-and-welfare-is-set-to-increase-in-fy2020-2021\/\">\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\/31\/government-spending-on-health-education-wages-and-welfare-is-set-to-increase-in-fy2020-2021\/&title=Government spending on health, education, wages and welfare is set to increase in FY2020-2021\">\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=Government+spending+on+health%2C+education%2C+wages+and+welfare+is+set+to+increase+in+FY2020-2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F03%2F31%2Fgovernment-spending-on-health-education-wages-and-welfare-is-set-to-increase-in-fy2020-2021%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\/31\/government-spending-on-health-education-wages-and-welfare-is-set-to-increase-in-fy2020-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/350.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"570414\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/31\/government-spending-on-health-education-wages-and-welfare-is-set-to-increase-in-fy2020-2021\/350-jpg-12\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/350.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"350.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/350.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/350.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-570413\" class=\"content-area-description single-story post-570413 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round tag-budget-deficit tag-budget-watch tag-economy tag-education tag-energy tag-enterpriseam tag-finance-ministry tag-health tag-investment-watch tag-labor tag-mohamed-maait tag-oil-and-gas tag-social-welfare tag-speed-round wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a id=\"tldr-story-01\" class=\"content-anchor\"><\/a> <strong>Government spending on health, education, wages and welfare is set to increase in the <\/strong><strong>coming fiscal year,<\/strong> according to highlights of the draft 2020-2021 budget released yesterday <a href=\"https:\/\/bit.ly\/2UsIVCo\">by the Finance Ministry<\/a>. Our math suggests government spending will increase 9% during the year in what Finance Minister Mohamed Maait called <a href=\"https:\/\/www.youtube.com\/watch?v=U7aYYksWrb0\">Egypt\u2019s biggest budget yet<\/a>. Education and health allocations and government investment will rise substantially and the government says it is giving an EGP 4 bn tax cut low-income taxpayers when it <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f6feb8cc-8a2f-4e84-a7d5-a44feb1f34e0\">raises the base personal tax exemption to EGP 15k<\/a> from EGP 8k currently.<\/p>\n<p><strong>Revenues<\/strong> are expected to increase to around EGP 1.3 tn, up almost EGP 200 bn <a href=\"https:\/\/enterprise.press\/stories\/2019\/04\/01\/finmin-releases-egypts-draft-fy2019-20-budget\/\">from FY<\/a><a href=\"https:\/\/enterprise.press\/stories\/2019\/04\/01\/finmin-releases-egypts-draft-fy2019-20-budget\/\">2019-2020<\/a>.<\/p>\n<p><strong>The budget deficit<\/strong> is expected to shrink to 6.3% of GDP compared to the 7.2% target in the current budget.<\/p>\n<p><strong>State spending:<\/strong> The government will spend EGP 1.71 tn during the upcoming fiscal year, a 9% increase from the EGP 1.57 tn allocated for the current fiscal year. Among the highlights:<\/p>\n<ul>\n<li><strong>The public wage bill will rise<\/strong> by 11.3% to EGP 335 bn from EGP 301 bn in the current fiscal year.<\/li>\n<li><strong>Health spending<\/strong> will rise by a third to EGP 95.7 bn.<\/li>\n<li><strong>Spending on education<\/strong> will increase by 70% to EGP 132 bn.<\/li>\n<li><strong>Government investment<\/strong> will hit EGP 280.7 bn, a 64% increase from the current fiscal year.<\/li>\n<li><strong>Spending on export subsidies<\/strong> will ramp up to EGP 7 bn from <a href=\"https:\/\/enterprise.press\/stories\/2019\/06\/23\/egypt-to-dedicate-egp-6-bn-annually-in-the-budget-for-exports-subsidies\/\">EGP 6 bn this year<\/a>..<\/li>\n<li><strong>Pensions<\/strong> will be <a href=\"https:\/\/www.youtube.com\/watch?v=Pa1VRHiVp7s\">allocated EGP 170 bn<\/a> and EGP 19 bn will go to social security, takaful and karama pensions.<\/li>\n<li><strong>Spending on goods and services<\/strong> will come in at EGP 100.2 bn.<\/li>\n<li><strong>Support for low-income housing<\/strong> will rise 70% to EGP 5.7 bn.<\/li>\n<\/ul>\n<p><strong>Oil prices:<\/strong> The government sees <a href=\"https:\/\/www.youtube.com\/watch?v=D4p_5jzPDG4\">oil prices averaging USD 61 \/ bbl<\/a> through FY2020-2021, down from the <a href=\"http:\/\/www.mof.gov.eg\/MOFGallerySource\/Arabic\/budget2019-2020\/Financial-Statement-2019-2020.pdf\">USD 68 price<\/a> used in the previous budget\u2019s calculations. Prices are currently far below this, with both US and Brent crude trading at just over USD 20 \/ bbl. Maait said the comparatively high price set out in the budget is a hedge against a rebound in oil prices. \u201cI have to protect the budget. What if the price of a barrel of oil increased? How will you finance it? What will you do?\u201d <a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL8N2BN67T\">he said<\/a>.<\/p>\n<p><em>CORRECTED on 31 March 2020<\/em><\/p>\n<p><em>A previous version of this story incorrectly said the government had set the average oil price in FY2019-2020 at USD 70 \/ bbl.<\/em><\/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\/budget-deficit\/\">budget deficit<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/budget-watch\/\">budget watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/finance-ministry\/\">Finance Ministry<\/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\/investment-watch\/\">investment watch<\/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\/mohamed-maait\/\">Mohamed Maait<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/oil-and-gas\/\">oil and gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/social-welfare\/\">social welfare<\/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=\"570424\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"570425\" 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=\"570425\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">THE MACRO PICTURE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/31\/are-emerging-markets-about-to-impose-capital-controls\/\">\r\n                            Are emerging markets about to impose capital controls?                        <\/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\/31\/are-emerging-markets-about-to-impose-capital-controls\/\" 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\/31\/are-emerging-markets-about-to-impose-capital-controls\/')\">\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\/31\/are-emerging-markets-about-to-impose-capital-controls\/\">\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=Are emerging markets about to impose capital controls?&url=https:\/\/enterpriseam.com\/egypt\/2020\/03\/31\/are-emerging-markets-about-to-impose-capital-controls\/\">\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\/31\/are-emerging-markets-about-to-impose-capital-controls\/&title=Are emerging markets about to impose capital controls?\">\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=Are+emerging+markets+about+to+impose+capital+controls%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F03%2F31%2Fare-emerging-markets-about-to-impose-capital-controls%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\/31\/are-emerging-markets-about-to-impose-capital-controls\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/355.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"570426\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/31\/are-emerging-markets-about-to-impose-capital-controls\/355-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/355.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"355.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/355.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/355.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-570425\" class=\"content-area-description single-story post-570425 post type-post status-publish format-standard has-post-thumbnail hentry category-the-macro-picture tag-currencies tag-emerging-markets tag-enterpriseam tag-foreign-reserves tag-imf tag-interest-rates tag-the-macro-picture 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-07\"><\/a> <strong>Are emerging markets about the slap on capital controls? <\/strong>Emerging market economies are witnessing a collapse in external financing, with indications that outflows from EM bond and equity funds of the last three weeks exceeded 4% of net asset value. Normal protocol would see EM policymakers respond by selling reserves and allowing their currencies to devalue, but with the spread of covid-19 putting us all in uncharted territory, policymakers are reticent about selling USD. The answer could well be capital controls, writes David Lubin, Citi\u2019s head of emerging markets economics, in <a href=\"https:\/\/www.ft.com\/content\/ca5d9024-a92d-473c-b3bd-2df16f04e6bf\">the Financial Times<\/a>.<\/p>\n<p><strong>Risk is going up, but certain risk premium measures are going down:<\/strong> Public debt burdens in EMs are increasing, either because of automatic fiscal stabilizers or because of measures taken to protect citizens from the economic fallout of covid-19, says Lubin. But at the same time, some aspects of the risk premium are going down along with monetary policy easing by central banks. So while a given country\u2019s domestic economy might benefit from lower rates, <strong>preventing large capital outflows may require higher interest rates<\/strong> \u2014 especially with rising debt burdens.<\/p>\n<p><strong>Some EM may decide it\u2019s best to just close up shop for the duration:<\/strong> This could see countries defaulting on debt or imposing restrictions on domestic banks\u2019 ability to sell USD through taxes, differential exchange rates or even bans. These measures are all the more likely thanks to the IMF\u2019s increased flexibility on the subject of capital movement restrictions and the probability that the Trump administration would not support measures to boost international liquidity, such as new <a href=\"https:\/\/www.imf.org\/en\/About\/Factsheets\/Sheets\/2016\/08\/01\/14\/51\/Special-Drawing-Right-SDR\">Special Drawing Rights<\/a> for member countries, Lubin says.<\/p>\n<p><strong>Egypt has managed to avoid the worst of this, so far:<\/strong> We\u2019ve already <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f85862cc-75c8-4f46-b605-c6f11ad400d1\">seen analysts predict<\/a> that the central bank\u2019s <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f2e78eb3-6978-4eb5-a04f-a3b7247293ed\">emergency 300 bps rate cut<\/a> two weeks ago is likely to accelerate outflows of foreign debt securities, but for the moment <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f2e78eb3-6978-4eb5-a04f-a3b7247293ed\">EGP debt still remains<\/a> \u201crelatively attractive.\u201d But as we remain in a covid-19 lockdown, which <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d8ec5fe5-d2b1-4330-aa69-364205859929\">Renaissance Capital predicts<\/a> we may struggle to finance, the question of how long we can sustain these heavy outflows remains answered.<\/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\/currencies\/\">currencies<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/emerging-markets\/\">emerging markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/foreign-reserves\/\">foreign reserves<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/imf\/\">IMF<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/interest-rates\/\">interest rates<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-macro-picture\/\">THE MACRO PICTURE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"570427\" 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=\"570427\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/31\/egypt-in-the-news-on-31-march-2020\/\">\r\n                            Egypt in the News on 31 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\/31\/egypt-in-the-news-on-31-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\/31\/egypt-in-the-news-on-31-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\/31\/egypt-in-the-news-on-31-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 31 March 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/03\/31\/egypt-in-the-news-on-31-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\/31\/egypt-in-the-news-on-31-march-2020\/&title=Egypt in the News on 31 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+31+March+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F03%2F31%2Fegypt-in-the-news-on-31-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\/31\/egypt-in-the-news-on-31-march-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-570427\" class=\"content-area-description single-story post-570427 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-egypt-in-the-news tag-enterpriseam tag-media wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>It\u2019s a quiet morning<\/strong> in the international press.<\/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\/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\/media\/\">media<\/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=\"570428\" 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=\"570428\">\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\">Worth reading<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/31\/china-is-proposing-a-radical-overhaul-of-the-internet\/\">\r\n                            China is proposing a radical overhaul of the internet                        <\/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\/31\/china-is-proposing-a-radical-overhaul-of-the-internet\/\" 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\/31\/china-is-proposing-a-radical-overhaul-of-the-internet\/')\">\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\/31\/china-is-proposing-a-radical-overhaul-of-the-internet\/\">\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=China is proposing a radical overhaul of the internet&url=https:\/\/enterpriseam.com\/egypt\/2020\/03\/31\/china-is-proposing-a-radical-overhaul-of-the-internet\/\">\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\/31\/china-is-proposing-a-radical-overhaul-of-the-internet\/&title=China is proposing a radical overhaul of the internet\">\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=China+is+proposing+a+radical+overhaul+of+the+internet+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F03%2F31%2Fchina-is-proposing-a-radical-overhaul-of-the-internet%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\/31\/china-is-proposing-a-radical-overhaul-of-the-internet\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/356.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"570429\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/31\/china-is-proposing-a-radical-overhaul-of-the-internet\/356-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/356.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"356.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/356.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/356.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-570428\" class=\"content-area-description single-story post-570428 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-reading tag-china tag-enterpriseam tag-regulation tag-technology tag-worth-reading wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>China is proposing a radical overhaul of the internet:<\/strong> China has proposed overhauling the architecture of the internet in a change it says will permit the expansion of the internet of things, the mainstreaming of self-driving cars and the roll-out of so-called \u2018holo-sense teleportation,\u2019 <a href=\"https:\/\/www.ft.com\/content\/c78be2cf-a1a1-40b1-8ab7-904d7095e0f2\">the Financial Times reports<\/a>. Beijing and several of its state-owned tech companies told the UN\u2019s International Telecommunication Union (ITU) that the internet\u2019s current infrastructure \u2014 TCP\/IP \u2014 is \u201cunstable\u201d and will be \u201cvastly insufficient\u201d to support the digital world by the end of this decade, and suggested that the \u2018New IP\u2019 being developed by Huawei replace it.<\/p>\n<p><strong>The New IP:<\/strong> Little is currently known about the network but <a href=\"https:\/\/www.ft.com\/content\/ba94c2bc-6e27-11ea-9bca-bf503995cd6f\">documents shared with the FT<\/a> reveal that the network will have a \u201ctop-to-bottom design\u201d and make it easier for governments to share data. Futurewei, Huawei\u2019s R&D unit, describes it as a \u201cmore dynamic IP addressing system\u201d that would allow devices in the same network to send information to each other without having to communicate through the internet. The tech giant said that parts of the system will be tested in 2021, and efforts to convince the ITU to recognize it will culminate in a conference in November.<\/p>\n<p><strong>Experts worry that this would bring an end to a free and open internet...:<\/strong> Cyber security company Oxford Information Labs warns in a forthcoming paper for Nato that New IP will allow \u201cfine-grained controls in the foundations of the network\u201d and \u201cmore centralized, top-down control of the internet and potentially even its users, with implications on security and human rights.\u201d Critics of China\u2019s proposals point to the amount of control governments will have over IP addresses, which will enable them to track new addresses added to the network, their users, and the information being sent. Others have predicted that the network will lead to the balkanization of the internet, with countries aligning themselves to either the freer Western model or the new centralized system administered by China.<\/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\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/regulation\/\">regulation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/technology\/\">technology<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/worth-reading\/\">worth reading<\/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=\"570430\" 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=\"570430\">\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\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/31\/sudanese-pm-hamdok-to-visit-cairo-addis-ababa-soon-to-restart-gerd-talks\/\">\r\n                            Sudanese PM Hamdok to visit Cairo, Addis Ababa soon to restart GERD talks                        <\/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\/31\/sudanese-pm-hamdok-to-visit-cairo-addis-ababa-soon-to-restart-gerd-talks\/\" 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\/31\/sudanese-pm-hamdok-to-visit-cairo-addis-ababa-soon-to-restart-gerd-talks\/')\">\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\/31\/sudanese-pm-hamdok-to-visit-cairo-addis-ababa-soon-to-restart-gerd-talks\/\">\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=Sudanese PM Hamdok to visit Cairo, Addis Ababa soon to restart GERD talks&url=https:\/\/enterpriseam.com\/egypt\/2020\/03\/31\/sudanese-pm-hamdok-to-visit-cairo-addis-ababa-soon-to-restart-gerd-talks\/\">\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\/31\/sudanese-pm-hamdok-to-visit-cairo-addis-ababa-soon-to-restart-gerd-talks\/&title=Sudanese PM Hamdok to visit Cairo, Addis Ababa soon to restart GERD talks\">\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=Sudanese+PM+Hamdok+to+visit+Cairo%2C+Addis+Ababa+soon+to+restart+GERD+talks+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F03%2F31%2Fsudanese-pm-hamdok-to-visit-cairo-addis-ababa-soon-to-restart-gerd-talks%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\/31\/sudanese-pm-hamdok-to-visit-cairo-addis-ababa-soon-to-restart-gerd-talks\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-570430\" class=\"content-area-description single-story post-570430 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-diplomacy-foreign-trade tag-enterpriseam tag-ethiopia tag-sudan wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Sudan will try to restart GERD talks:<\/strong> Sudan\u2019s Prime Minister Abdullah Hamdok will visit Cairo and Addis Ababa soon to urge the two sides to resume talks on the Grand Ethiopian Renaissance Dam, according to a <a href=\"http:\/\/www.sudan.gov.sd\/index.php\/en\/home\/news_details\/2068\">statement<\/a> by Sudan\u2019s ruling sovereign council. Tensions have risen in recent weeks after Ethiopia failed to attend the last round of negotiations in Washington and announced intentions to begin unilaterally filling the dam. Sudan\u2019s announcement yesterday was made following a call between Hamdok and US Treasury Secretary Stephen Mnuchin, a co-sponsor of the talks along with the World Bank.<\/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\/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\/sudan\/\">Sudan<\/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=\"570431\" 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=\"570431\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">Infrastructure<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/31\/cairo-airport-submits-egp-1-bn-tender-for-terminal-2-renovations\/\">\r\n                            Cairo Airport submits EGP 1 bn tender for Terminal 2 renovations                        <\/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\/31\/cairo-airport-submits-egp-1-bn-tender-for-terminal-2-renovations\/\" 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\/31\/cairo-airport-submits-egp-1-bn-tender-for-terminal-2-renovations\/')\">\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\/31\/cairo-airport-submits-egp-1-bn-tender-for-terminal-2-renovations\/\">\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=Cairo Airport submits EGP 1 bn tender for Terminal 2 renovations&url=https:\/\/enterpriseam.com\/egypt\/2020\/03\/31\/cairo-airport-submits-egp-1-bn-tender-for-terminal-2-renovations\/\">\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\/31\/cairo-airport-submits-egp-1-bn-tender-for-terminal-2-renovations\/&title=Cairo Airport submits EGP 1 bn tender for Terminal 2 renovations\">\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=Cairo+Airport+submits+EGP+1+bn+tender+for+Terminal+2+renovations+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F03%2F31%2Fcairo-airport-submits-egp-1-bn-tender-for-terminal-2-renovations%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\/31\/cairo-airport-submits-egp-1-bn-tender-for-terminal-2-renovations\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-570431\" class=\"content-area-description single-story post-570431 post type-post status-publish format-standard hentry category-infrastructure tag-enterpriseam tag-infrastructure wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The Cairo Airport Company has submitted a tender worth EGP 1 bn for local companies to renovate the airport\u2019s Terminal 2 over five years, <a href=\"https:\/\/bit.ly\/2WSyU2W\">Al Shorouk reports<\/a>, without providing a deadline for the offer. The refurbishment will include construction, utilities and maintenance work.<\/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\/infrastructure\/\">infrastructure<\/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=\"570432\" 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=\"570432\">\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\">Basic Materials + Commodities<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/31\/egypt-to-produce-9-mn-tonnes-of-wheat-this-season\/\">\r\n                            Egypt to produce 9 mn tonnes of wheat this season                        <\/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\/31\/egypt-to-produce-9-mn-tonnes-of-wheat-this-season\/\" 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\/31\/egypt-to-produce-9-mn-tonnes-of-wheat-this-season\/')\">\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\/31\/egypt-to-produce-9-mn-tonnes-of-wheat-this-season\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt to produce 9 mn tonnes of wheat this season&url=https:\/\/enterpriseam.com\/egypt\/2020\/03\/31\/egypt-to-produce-9-mn-tonnes-of-wheat-this-season\/\">\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\/31\/egypt-to-produce-9-mn-tonnes-of-wheat-this-season\/&title=Egypt to produce 9 mn tonnes of wheat this season\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+to+produce+9+mn+tonnes+of+wheat+this+season+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F03%2F31%2Fegypt-to-produce-9-mn-tonnes-of-wheat-this-season%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\/31\/egypt-to-produce-9-mn-tonnes-of-wheat-this-season\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-570432\" class=\"content-area-description single-story post-570432 post type-post status-publish format-standard hentry category-basic-materials-commodities tag-basic-materials-commodities tag-enterpriseam tag-wheat wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Egypt will produce more than nine mn tonnes of wheat this season, head of the Farmer\u2019s Union Hussein Abu Saddam said, <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=29032020&id=748651f7-f2d0-4088-84c5-522a0a8b6bf1\">Al Shorouk reports<\/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\/basic-materials-commodities\/\">Basic Materials + Commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/wheat\/\">wheat<\/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=\"570433\" 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=\"570433\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">Health + Education<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/31\/speed-medical-signs-shareholder-agreement-to-establish-prime-speed-for-medical-services\/\">\r\n                            Speed Medical signs shareholder agreement to establish Prime Speed for Medical Services                        <\/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\/31\/speed-medical-signs-shareholder-agreement-to-establish-prime-speed-for-medical-services\/\" 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\/31\/speed-medical-signs-shareholder-agreement-to-establish-prime-speed-for-medical-services\/')\">\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\/31\/speed-medical-signs-shareholder-agreement-to-establish-prime-speed-for-medical-services\/\">\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=Speed Medical signs shareholder agreement to establish Prime Speed for Medical Services&url=https:\/\/enterpriseam.com\/egypt\/2020\/03\/31\/speed-medical-signs-shareholder-agreement-to-establish-prime-speed-for-medical-services\/\">\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\/31\/speed-medical-signs-shareholder-agreement-to-establish-prime-speed-for-medical-services\/&title=Speed Medical signs shareholder agreement to establish Prime Speed for Medical Services\">\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=Speed+Medical+signs+shareholder+agreement+to+establish+Prime+Speed+for+Medical+Services+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F03%2F31%2Fspeed-medical-signs-shareholder-agreement-to-establish-prime-speed-for-medical-services%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\/31\/speed-medical-signs-shareholder-agreement-to-establish-prime-speed-for-medical-services\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-570433\" class=\"content-area-description single-story post-570433 post type-post status-publish format-standard hentry category-health-education tag-enterpriseam tag-health-education tag-speed-medical wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Lab and diagnostic testing company Speed Medical (SPMD) signed a shareholder agreement yesterday to establish Prime Speed for Medical Services in which it will own a 30% stake, <a href=\"https:\/\/bit.ly\/39uUFZo\">according to a regulatory filing (pdf)<\/a>. Other shareholders include Modern Solutions Company and Tamer Waguih, the chairman of Prime Egypt Group. SPMD Chairman Mahmoud Lashin said the new company will provide medical services across Egypt and help SPMD implement its expansion plans.<\/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\/health-education\/\">Health + Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/speed-medical\/\">Speed Medical<\/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=\"570434\" 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=\"570434\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">Tourism<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/31\/misr-hotels-pushes-safir-dahab-resort-opening-to-end-of-2020\/\">\r\n                            Misr Hotels pushes Safir Dahab resort opening to end of 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\/31\/misr-hotels-pushes-safir-dahab-resort-opening-to-end-of-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\/31\/misr-hotels-pushes-safir-dahab-resort-opening-to-end-of-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\/31\/misr-hotels-pushes-safir-dahab-resort-opening-to-end-of-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=Misr Hotels pushes Safir Dahab resort opening to end of 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/03\/31\/misr-hotels-pushes-safir-dahab-resort-opening-to-end-of-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\/31\/misr-hotels-pushes-safir-dahab-resort-opening-to-end-of-2020\/&title=Misr Hotels pushes Safir Dahab resort opening to end of 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=Misr+Hotels+pushes+Safir+Dahab+resort+opening+to+end+of+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F03%2F31%2Fmisr-hotels-pushes-safir-dahab-resort-opening-to-end-of-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\/31\/misr-hotels-pushes-safir-dahab-resort-opening-to-end-of-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-570434\" class=\"content-area-description single-story post-570434 post type-post status-publish format-standard hentry category-tourism tag-covid-19 tag-enterpriseam tag-south-sinai tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Misr Hotels is postponing the opening of Safir Dahab Resort to the end of 3Q or 4Q2020, from an original planned opening in June, <a href=\"https:\/\/bit.ly\/2QScWtf\">the local press reports<\/a>, citing a source at Misr Hotels. Construction on the EGP 140 mn hotel is more than half complete, but the rest of the development work may be temporarily suspended due to the covid-19 pandemic.<\/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\/south-sinai\/\">South Sinai<\/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=\"570435\" 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=\"570435\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">Banking + Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/31\/microlenders-are-looking-for-forgiveness-and-restructuring\/\">\r\n                            Microlenders are looking for forgiveness and restructuring                        <\/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\/31\/microlenders-are-looking-for-forgiveness-and-restructuring\/\" 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\/31\/microlenders-are-looking-for-forgiveness-and-restructuring\/')\">\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\/31\/microlenders-are-looking-for-forgiveness-and-restructuring\/\">\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=Microlenders are looking for forgiveness and restructuring&url=https:\/\/enterpriseam.com\/egypt\/2020\/03\/31\/microlenders-are-looking-for-forgiveness-and-restructuring\/\">\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\/31\/microlenders-are-looking-for-forgiveness-and-restructuring\/&title=Microlenders are looking for forgiveness and restructuring\">\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=Microlenders+are+looking+for+forgiveness+and+restructuring+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F03%2F31%2Fmicrolenders-are-looking-for-forgiveness-and-restructuring%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\/31\/microlenders-are-looking-for-forgiveness-and-restructuring\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-570435\" class=\"content-area-description single-story post-570435 post type-post status-publish format-standard hentry category-banking-finance tag-banking-finance tag-civil-society tag-covid-19 tag-debt tag-enterpriseam tag-microfinance wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>A number of microfinance institutions are in discussions with banks to set up a mechanism that allows clients to either delay loan repayments or pay a reduced rate of interest, <a href=\"https:\/\/bit.ly\/3awehNX\">Al Mal reports, citing an unnamed source in the banking sector.<\/a> Rural borrowers and NGOs have been among those unable to meet monthly payments on loans in the wake of the economic slowdown brought on by the covid-19 outbreak.<\/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\/banking-finance\/\">BANKING + FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/civil-society\/\">civil society<\/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\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/microfinance\/\">microfinance<\/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=\"570436\" 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=\"570436\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">13<\/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\/31\/the-market-yesterday-62\/\">\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\/31\/the-market-yesterday-62\/\" 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\/31\/the-market-yesterday-62\/')\">\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\/31\/the-market-yesterday-62\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=The Market Yesterday&url=https:\/\/enterpriseam.com\/egypt\/2020\/03\/31\/the-market-yesterday-62\/\">\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\/31\/the-market-yesterday-62\/&title=The Market Yesterday\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=The+Market+Yesterday+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F03%2F31%2Fthe-market-yesterday-62%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\/31\/the-market-yesterday-62\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-570436\" class=\"content-area-description single-story post-570436 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 15.68 | Sell 15.81<\/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> (Monday): 9,521 (-2.5%)<br \/>\n <strong>Turnover:<\/strong> EGP 540 mn (9% below the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: -31.8%<\/p>\n<p><strong>THE MARKET ON MONDAY:<\/strong> The EGX30 ended Monday\u2019s session down 2.5%. CIB, the index\u2019s heaviest constituent, ended down 3.1%. EGX30\u2019s top performing constituents were Ibnsina Pharma up 0.9%, and Kima up 0.3%. Yesterday\u2019s worst performing stocks were Credit Agricole down 7.6%, TMG Holding down 5.1% and Orascom Construction down 4.2%. The market turnover was EGP 540 mn, and local investors were the sole net buyers.<\/p>\n<p><strong>Foreigners<\/strong>: Net short | EGP-194.4 mn<br \/>\n <strong>Regional<\/strong>: Net short | EGP -12.4 mn<br \/>\n <strong>Domestic<\/strong>: Net long | EGP +206.8 mn<\/p>\n<p><strong>Retail<\/strong>: 43.6% of total trades | 46.4% of buyers | 40.7% of sellers<br \/>\n <strong>Institutions<\/strong>: 56.4% of total trades | 53.6% of buyers | 59.3% of sellers<\/p>\n<hr class=\"grey-line\">\n<p><span style=\"color: #299a0b; font-weight: bold;\">***<br \/>\nPHAROS VIEW<\/span><\/p>\n<\/p>\n<p><strong>Pharos is out wit<\/strong><strong>h a series of notes looking at how the industrial, real estate and fo<\/strong><strong>od and beverage sectors are faring in the covid-19 economy:<\/strong><\/p>\n<p><strong>The industrial sector will not feel the full effects of covid-19 until 2Q<\/strong> as most firms are still completing previous orders, <a href=\"https:\/\/ent.news\/2020\/3\/Egypt-Industrials-On-the-Ground-Update-30-March-2020.pdf\">writes the firm\u2019s Mark Adeeb (pdf)<\/a>. Although none are yet able to predict the scale of the damage, companies will be hit by falling demand for non-essential products and slowing construction activity. Industrial companies will likely take on new loans and burn through cash as working capital requirements rise. \u201cCommodity-driven, export-oriented, highly-leveraged firms will bear the brunt of the current circumstances,\u201d he wrote.<\/p>\n<p><strong>Real estate companies have begun to see a slowdown in sales<\/strong> and are facing drawn-out construction timetables due to the falling numbers of workers onsite, <a href=\"https:\/\/ent.news\/2020\/3\/Egypt-Real-Estate-On-the-Ground-Update-30-March-2020.pdf\">Mayar El Ashry writes (pdf)<\/a>. On the plus side, companies haven\u2019t encountered any major problems accessing raw materials and are getting most of their inputs from local sources.<\/p>\n<p><strong>It\u2019s a mixed picture in the food and beverage sector<\/strong> as supermarkets face intense demand from consumers eager to stockpile goods and sales to hotels and restaurants fall off a cliff. \u201cThis trend is not sustainable in the long term and is expected to slow down as supermarkets ration stock items and consumer storage space is strained,\u201d <a href=\"https:\/\/ent.news\/2020\/3\/Egypt-Food-Beverage-On-the-Ground-Update-30-March-2020.pdf\">equity analyst Diyar Hozaien writes (pdf)<\/a>. \u201cRamadan season historically lends to slower purchasing patterns across most FMCG segments.\u201d Companies in the sector are also working to acquire 2-4 months of inventory to protect themselves against EGP depreciation and possible shortages of raw materials.<\/p>\n<p><p><span style=\"color: #299a0b; font-weight: bold;\">***<\/span><\/p>\n<hr class=\"grey-line\">\n<p><strong>WTI:<\/strong> USD 20.21 (-6.04%)<br \/>\n <strong>Brent:<\/strong> USD 22.65 (-9.15%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 1.70 MMBtu, (-4.14%, May 2020 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,641.30 \/ troy ounce (-0.77%)<\/p>\n<p><strong>TASI:<\/strong> 6,373 (-0.05%) (YTD: -24.03%)<br \/>\n <strong>ADX:<\/strong> 3,744 (-3.47%) (YTD: -26.24%)<br \/>\n <strong>DFM:<\/strong> 1,789 (-2.33%) (YTD: -35.27%)<br \/>\n <strong>KSE Premier Market:<\/strong> 5,116 (+0.29%)<br \/>\n <strong>QE:<\/strong> 8,282 (-1.76%) (YTD: -20.55%)<br \/>\n <strong>MSM:<\/strong> 3,467 (-0.36%) (YTD: -12.91%)<br \/>\n <strong>BB: <\/strong>1,355 (-0.51%) (YTD: -15.82%)<\/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=\"570437\" 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\/31\/570437\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-570437\" class=\"content-area-description single-story post-570437 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>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): Western Easter Sunday.<\/p>\n<p>12 April (Sunday): <a href=\"https:\/\/ent.news\/2020\/2\/240116_1.pdf\">Court session<\/a> for a lawsuit against Amer Group and Porto Group by Syria-based Antaradous for Touristic Development.<\/p>\n<p>13 April (Monday): Earliest date on which suspension K-12 and university instruction is set to be lifted.<\/p>\n<p>15 April (Wednesday): Suspension of international flights to \/ from Egypt expires.<\/p>\n<p>15 April (Wednesday): Earliest date by which restaurants, gyms, nightclubs, museums and archaeological will reopen.<\/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>12 April (Sunday): <a href=\"https:\/\/ent.news\/2020\/2\/240116_1.pdf\">Court session<\/a> for a lawsuit against Amer Group and Porto Group by Syria-based Antaradous for Touristic Development.<\/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":570409,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-570408","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"5041d7ea-9acf-4c00-8635-b401a4e87d51","teaser":"","photo_url":"https:\/\/ent.news\/2020\/3\/349.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Maait outlines next budget against the backdrop of covid-19 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/issues\/maait-outlines-next-budget-against-the-backdrop-of-covid-19\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Maait outlines next budget against the backdrop of covid-19\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/issues\/maait-outlines-next-budget-against-the-backdrop-of-covid-19\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T07:27:02+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/349.jpg?fit=%2C&ssl=1\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/maait-outlines-next-budget-against-the-backdrop-of-covid-19\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/issues\/maait-outlines-next-budget-against-the-backdrop-of-covid-19\/\",\"name\":\"Maait outlines next budget against the backdrop of covid-19 - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/maait-outlines-next-budget-against-the-backdrop-of-covid-19\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/maait-outlines-next-budget-against-the-backdrop-of-covid-19\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/349.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2020-03-31T04:31:53+00:00\",\"dateModified\":\"2025-12-16T07:27:02+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/maait-outlines-next-budget-against-the-backdrop-of-covid-19\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/issues\/maait-outlines-next-budget-against-the-backdrop-of-covid-19\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/maait-outlines-next-budget-against-the-backdrop-of-covid-19\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/349.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/349.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/maait-outlines-next-budget-against-the-backdrop-of-covid-19\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Issues\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/AMarchives\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Maait outlines next budget against the backdrop of covid-19\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Maait outlines next budget against the backdrop of covid-19 - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/issues\/maait-outlines-next-budget-against-the-backdrop-of-covid-19\/","og_locale":"en_US","og_type":"article","og_title":"Maait outlines next budget against the backdrop of covid-19","og_url":"https:\/\/enterpriseam.com\/egypt\/issues\/maait-outlines-next-budget-against-the-backdrop-of-covid-19\/","og_site_name":"EnterpriseAM Egypt","article_modified_time":"2025-12-16T07:27:02+00:00","twitter_card":"summary_large_image","twitter_image":"https:\/\/i0.wp.com\/ent.news\/2020\/3\/349.jpg?fit=%2C&ssl=1","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/maait-outlines-next-budget-against-the-backdrop-of-covid-19\/","url":"https:\/\/enterpriseam.com\/egypt\/issues\/maait-outlines-next-budget-against-the-backdrop-of-covid-19\/","name":"Maait outlines next budget against the backdrop of covid-19 - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/maait-outlines-next-budget-against-the-backdrop-of-covid-19\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/maait-outlines-next-budget-against-the-backdrop-of-covid-19\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2020\/3\/349.jpg?fit=%2C&ssl=1","datePublished":"2020-03-31T04:31:53+00:00","dateModified":"2025-12-16T07:27:02+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/maait-outlines-next-budget-against-the-backdrop-of-covid-19\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/issues\/maait-outlines-next-budget-against-the-backdrop-of-covid-19\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/maait-outlines-next-budget-against-the-backdrop-of-covid-19\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2020\/3\/349.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2020\/3\/349.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/maait-outlines-next-budget-against-the-backdrop-of-covid-19\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Issues","item":"https:\/\/enterpriseam.com\/egypt\/AMarchives\/"},{"@type":"ListItem","position":3,"name":"Maait outlines next budget against the backdrop of covid-19"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}}]}},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/570408","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/issue"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/570408\/revisions"}],"predecessor-version":[{"id":570446,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/570408\/revisions\/570446"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/570409"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=570408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=570408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=570408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}