{"id":570552,"date":"2020-04-06T04:46:14","date_gmt":"2020-04-06T04:46:14","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=570552"},"modified":"2025-12-16T07:31:40","modified_gmt":"2025-12-16T07:31:40","slug":"covid-cases-up-pmi-down-and-students-are-probably-staying-home-til-the-end-of-the-year-what-you-expected-good-news-this-morning","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/covid-cases-up-pmi-down-and-students-are-probably-staying-home-til-the-end-of-the-year-what-you-expected-good-news-this-morning\/","title":{"rendered":"Covid cases up, PMI down and students are probably staying home \u2018til the end of the year. (What, you expected good news this morning?)"},"content":{"rendered":"<section id=\"570554\" 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=\"570554\">\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\/04\/06\/what-were-tracking-on-6-april-2020\/\">\r\n                            What we\u2019re tracking on 6 April 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\/04\/06\/what-were-tracking-on-6-april-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\/04\/06\/what-were-tracking-on-6-april-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\/04\/06\/what-were-tracking-on-6-april-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=What we\u2019re tracking on 6 April 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/04\/06\/what-were-tracking-on-6-april-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\/04\/06\/what-were-tracking-on-6-april-2020\/&title=What we\u2019re tracking on 6 April 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=What+we%E2%80%99re+tracking+on+6+April+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F04%2F06%2Fwhat-were-tracking-on-6-april-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\/04\/06\/what-were-tracking-on-6-april-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-570554\" class=\"content-area-description single-story post-570554 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-allianz tag-capital-markets tag-covid-19 tag-debt tag-donald-trump tag-earnings-watch tag-enterpriseam tag-eu tag-export-subsidy-fund tag-fraud tag-investment-watch tag-italy tag-new-york tag-nigeria tag-opec tag-saudi-arabia tag-spain tag-trade tag-uae tag-us wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Egypt\u2019s PMI figures for March are out and, well, they could have been worse.<\/strong> With output at three-year lows and exports falling to the lowest point in seven years, it doesn\u2019t make particularly great reading. But a glance across the Mediterranean (more on this below) and a look to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-04-05\/gulf-s-top-two-economies-suffer-record-declines-after-virus-hit?sref=mmeFTDW1\">our neighbors in the Gulf<\/a>, and our economic situation doesn\u2019t quite look so bad. We have the full story in this morning\u2019s Speed Round, below.<\/p>\n<p><strong>The EGX fell almost 2% in trading yesterday:<\/strong> Telecom Egypt was the biggest loser of the session, falling 9.2% on news that Saudi Telecom had postponed loan talks for its Vodafone Egypt acquisition. Trading volumes were low at EGP 365 mn, 39% below the 90-day trailing average.<\/p>\n<p><strong>Markets this morning: <\/strong>Markets to our east are mixed this morning. <strong>Up: <\/strong>Japan, Hong Kong, South Korea, Australia. <strong>Down: <\/strong>China, India, New Zealand. <strong>Futures suggest US markets will open the week in the green.<\/strong><\/p>\n<p><strong>Things to keep an eye on this morning:<\/strong><\/p>\n<p><strong>#1- Mixed signals out of America: <\/strong>Epidemiologists and health officials are warning that this could be a horrible week for covid-19 infections in the United States, with the surgeon general telling a TV interviewer that this could be \u201c<a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-usa\/u-s-braces-for-hardest-week-as-coronavirus-deaths-mount-idUSKBN21N0LI\">the hardest and the saddest week<\/a> of most Americans\u2019 lives, quite frankly. <strong>This is going to be our Pearl Harbor moment, our 9\/11 moment.<\/strong>\u201d<\/p>\n<p><strong>But The Donald and his VP <\/strong><strong><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-04-05\/trump-and-pence-say-there-are-signs-u-s-outbreak-stabilizing?srnd=premium\">say they see things stabilizing<\/a><\/strong><strong>.<\/strong> Meanwhile, Bill Gates (who has given thought to these things more than most human beings) says that while a national lockdown would result in a \u201chuge economic price,\u201d it could <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-04-05\/gates-says-virus-death-toll-may-not-reach-experts-worst-case?srnd=premium\">see casualties fall \u201cwell short\u201d of the 100k-240k deaths<\/a> predicted by health officials. <strong>All of that is leading to (muted) optimism about the market <\/strong>as JP Morgan Chase said a \u201cslowdown in the growth rate of new U.S. coronavirus cases may help put a floor under stocks and dampen volatility,\u201d <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-04-05\/jpmorgan-says-slowing-u-s-virus-cases-to-put-floor-under-stocks?srnd=premium\">Bloomberg<\/a> reports.<\/p>\n<p><strong>#2- What will oil do to global sentiment today?<\/strong> Brent crude was down 3.6% as we rushed toward dispatch on news that <strong>the Opec+ meeting has been tentatively rescheduled to Thursday<\/strong>, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-04-05\/oil-negotiators-race-for-deal-to-stem-rout-as-leaders-snipe?sref=mmeFTDW1\">according to Bloomberg<\/a>. It was originally scheduled to take place today. Saudi and Russia are trying to get the US, which has recently become the largest producer, to join or at least support what could be the biggest ever coordinated output cut to save plunging oil prices, which have fallen by 50% so far this year. Canada and the US are now both threatening tariffs on Saudi Arabia and Russia if they don\u2019t agree on a production cut, the <a href=\"https:\/\/www.ft.com\/content\/5f4704e9-0942-4707-97c0-eba79f4fcbb8\">Financial Times<\/a> reports.<\/p>\n<hr class=\"grey-line\">\n<p><strong>COVID-19 IN EGYPT-<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>Egypt now has 1,173 confirmed cases of covid-19<\/strong> after the Health Ministry reported 103 new infections yesterday. The ministry also said that another seven people had died from the virus, taking the death toll to 78. We now have a total of 346 people who have tested negative for the virus, of whom 247 have fully recovered.<\/p>\n<p><strong>The Health Ministry received 477,257 inquiries about the virus through its <\/strong><strong>telephone hotlines last month<\/strong>, <a href=\"https:\/\/bit.ly\/2RgkzKa\">according to a ministry statement<\/a>. Most callers inquired about prevention methods, common symptoms, complications, and what they should do when symptoms manifest. The hotline numbers are 105 on a landline and 15335 on mobile. <a href=\"https:\/\/www.care.gov.eg\/default.html\">The ministry\u2019s covid website is here<\/a>.<\/p>\n<hr class=\"grey-line\">\n<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>Egypt is expediting approvals for international funding that <\/strong><strong>backs our covid-19 response: <\/strong>Egypt will fast-track approvals for international financing earmarked to help the nation respond to covid-19, International Cooper Minister Rania Al Mashat <a href=\"https:\/\/ent.news\/2020\/4\/MOIC-release.pdf\">announced (pdf)<\/a> on Sunday. Al Mashat outlined Egypt\u2019s strategic priorities on the virus in an unprecedented video call with more than 100 representatives of international development partners including UN agencies, the World Bank, IMF, USAID, African Development Bank, European Bank for Reconstruction and Development, and others. <strong><a href=\"https:\/\/ent.news\/2020\/4\/MOIC-COVID-19-April-4.pdf\">Mashat\u2019s (very solid) presentation is here (pdf)<\/a><\/strong><strong>.<\/strong><\/p>\n<p><strong>Al Mashat also showcased Egypt\u2019s improved results in the <\/strong><strong><a href=\"https:\/\/ent.news\/2020\/4\/MOIC-GPEDC-Survery-Results-April-4-2020.pdf\">Global Partnership for<\/a><\/strong><strong><a href=\"https:\/\/ent.news\/2020\/4\/MOIC-GPEDC-Survery-Results-April-4-2020.pdf\">Effective Development Cooperation survey (pdf)<\/a><\/strong><strong>,<\/strong> which measures the level of Egypt\u2019s cooperation with development partners in things such as information sharing and transparency. The minister also outlined the <a href=\"https:\/\/ent.news\/2020\/4\/MOIC-Global-Partnerships-Narrative-External.pdf\">narrative the ministry will use to communicate its covid-19 response strategy (pdf)<\/a>.<\/p>\n<p><strong>The bottom line: <\/strong>Mashat is taking the same systematic approach she took to helping rebuild the tourism industry when she ran that portfolio, sending a clear message that should resonate with donors not just now, but when we are lining up funding and assistance to help the country weather the economic fallout of the pandemic.<\/p>\n<p><strong>SMART POLICY- Egypt should issue \u201ccoronabonds\u201d funded by international lenders to <\/strong><strong>stave off a liquidity crisis in the private sector that could result in mass layoffs<\/strong>, former partner at private equity group Abraaj Ahmed Badreldin suggests, <a href=\"https:\/\/bit.ly\/3aLWYbM\">according to Al Mal<\/a>. This initiative would be similar to that launched by the African Development Bank, which <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/98e40e9e-f1ee-41cc-9fd5-a557c3183502\">recently issued<\/a> USD 3 bn-worth of three-year coronabonds to help cushion African economies. The proceeds from the issuance can then be used to pay for <strong>a three-month VAT and income tax holiday for businesses, a salary insurance scheme<\/strong>, and corporate loans to finance working capital, he said.<\/p>\n<hr class=\"grey-line\">\n<p><strong>Former Libya premier Mahmoud Jibril has died in Cairo from covid-19 at age <\/strong><strong>68<\/strong>, Libya\u2019s <a href=\"https:\/\/bit.ly\/2x92TsO\">Al Arabiya reports<\/a>. Jibril, who served as Libya\u2019s prime minister following the ouster of longtime leader Muammar Gaddafi in 2011, had reportedly been in quarantine in Cairo since he was diagnosed with the illness on 26 March.<\/p>\n<p><strong>Some 77k government offices, places of worship, schools and public gathering <\/strong><strong>spots have been disinfected by sanitation crews<\/strong> and over 7k cafes saw all their shisha gear confiscated before they were shut down as part of the government\u2019s efforts to curb the spread of the covid-19 outbreak, <a href=\"https:\/\/bit.ly\/2V7kJV6\">a cabinet statement said<\/a>. Another 7k schools and educational centers, more than 2k public markets and another 2k social clubs and wedding halls were closed, according to the statement.<\/p>\n<p><strong>Carrefour sees 6x increase in online sales: <\/strong>The Majid Al-Futtaim-owned supermarket has seen demand for online shopping skyrocket since the onset of covid-19, <a href=\"https:\/\/bit.ly\/3bX9PIx\">reports Al Mal<\/a>.<\/p>\n<p><strong>Store owners at Cairo Festival City are complaining of inadequate financial relief: <\/strong>A number of small businesses have voiced concerns over financial obligations and rent payments due to Al Futtaim Group, which owns Cairo Festival City Mall, amid a significant reduction in sales, <a href=\"https:\/\/bit.ly\/3dVCQWL\">according to Al Mal<\/a>. Al Futtaim (not to be confused with Majid Al Futtaim \u2014 a separate company that <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b065cca9-d365-49f7-964f-7489984632fe\">has given its tenants a rent holiday<\/a>) has formed a committee to discuss the tenants\u2019 requests for a rent holiday while covid-19 restrictions remain in place.<\/p>\n<p><strong>IN AND OUT- There are no direct flights to the US scheduled<\/strong> after the departure of an EgyptAir flight yesterday, <a href=\"https:\/\/eg.usembassy.gov\/alert-travel-information-for-u-s-citizens\/\">the US embassy said<\/a>. The Canadian embassy has arranged an <strong>EgyptAir flight to Toronto<\/strong> departing Cairo on Wednesday at 11am. Flights can only be booked directly with EgyptAir. <strong>On the inbound leg: <\/strong>An EgyptAir flight from Washington, DC, brought Egyptians home to quarantine in Marsa Alam, while media reports suggest 37 Egyptians have been repatriated <a href=\"https:\/\/www.vanguardngr.com\/2020\/04\/covid-19-egypt-evacuates-citizens-from-nigeria\/\">from Nigeria<\/a>.<\/p>\n<p><strong>DONATIONS-<\/strong><\/p>\n<p><strong>Our friends at Sodic are redirecting all their marketing resources towards covid-19 <\/strong><strong>awareness raising<\/strong> and are working in coordination with the Health Ministry to deliver community support programs, <a href=\"https:\/\/ent.news\/2020\/4\/SODIC-redirects-marketing-materials-.pdf\">according to a statement (pdf)<\/a>. <strong>Sodic is donating ventilators and monitors<\/strong> to the Sheikh Zayed Specialized Hospital and is distributing protection packages with immunity boosters, sanitization material, and hygiene instructions in Ezbet Khairallah. The real estate company is also making use of all its outdoor billboards and digital platforms to raise awareness about the virus.<\/p>\n<p><strong>Our friends at Edita are donating EGP 2 mn to the Misr El Kheir foundation in support of <\/strong><strong>the Breathe Campaign<\/strong>, which is raising funds to acquire ventilators from suppliers around the world, <a href=\"https:\/\/ent.news\/2020\/4\/Edita-PR-COVID-Donation-English.pdf\">according to<\/a><a href=\"https:\/\/ent.news\/2020\/4\/Edita-PR-COVID-Donation-English.pdf\">a statement (pdf)<\/a>. The donation, which will also be used to support the purchase of critically needed personal protection equipment (PPE) for medical personnel, will be disbursed from the EGP 5 mn Edita Foundation for Social Development, which was set up last month.<\/p>\n<p class='web-image' ><a href='https:\/\/www.markiteconomics.com\/Public\/Home\/PressRelease\/2ef4122fb1ef422bbca79672dd1f15e6'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/EurozonecompPMI-March2020-1600px.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\n<p><strong>ON THE GLOBAL FRONT-<\/strong><\/p>\n<p><strong>Making headlines this morning around the world: UK Prime Minister Boris Johnson has <\/strong><strong>been hospitalized<\/strong> for tests following 10 days of \u201cpersistent symptoms\u201d from his covid-19 infection. The story is getting front page treatment in the <a href=\"https:\/\/www.ft.com\/content\/402373d2-fc14-4880-8d48-c95d78204639\">Financial Times<\/a> as well as the <a href=\"https:\/\/www.wsj.com\/articles\/u-k-prime-minister-boris-johnson-hospitalized-for-coronavirus-tests-11586119651?mod=hp_lead_pos2\">Wall Street Journal<\/a> and <a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-britain-johnson\/boris-johnson-hospitalised-for-tests-after-persistent-coronavirus-symptoms-idUSKBN21N0VI\">Reuters<\/a>.<\/p>\n<p>The news came after a <strong>rare televised address from the UK\u2019s Queen Elizabeth II<\/strong> (<a href=\"https:\/\/twitter.com\/RoyalFamily\/status\/1246875266334539777?s=20\">watch,<\/a><a href=\"https:\/\/twitter.com\/RoyalFamily\/status\/1246875266334539777?s=20\">runtime: 4:31<\/a>).<\/p>\n<p><strong>Covid deaths may have peaked in Italy<\/strong>, where the daily death toll fell on Saturday to its lowest level in two weeks and the number of people in intensive care dropped for the first time since the outbreak began, <a href=\"https:\/\/uk.reuters.com\/article\/us-health-coronavirus-italy\/number-of-coronavirus-intensive-care-patients-in-italy-drops-for-first-time-idUKKBN21M0NW\">according to Reuters<\/a>. <strong>Spain\u2019s death toll eased for the third consecutive day<\/strong> <a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-spain\/spains-coronavirus-death-toll-rises-by-674-but-pace-keeps-slowing-idUSKBN21N0C2\">yesterday<\/a>, but the number of confirmed cases is still rising. Italy and Spain, together with China, are so far the three countries hardest-hit by the virus.<\/p>\n<p><strong>The latest from Stimulusland:<\/strong> The European Union is rolling out a USD 110 bn job support program \u2014 the fund would \u201clend directly to national governments to pay for short-term job programs,\u201d <a href=\"https:\/\/www.wsj.com\/articles\/eu-hopes-its-job-support-plan-will-show-it-can-deliver-in-a-crisis-11586080883?mod=hp_listc_pos1\">the Wall Street Journal<\/a> writes. Closer to home, the UAE has kicked it up a notch as the central bank said it will inject AED 61 bn (USD 16.6 bn) into the economy to support lending. The central bank has also cut banks\u2019 reserve requirements, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-04-05\/u-a-e-amps-up-stimulus-unveils-new-aid-package?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg reports<\/a>.<\/p>\n<hr class=\"grey-line\">\n<p><strong>The euro composite PMI saw its biggest monthly drop<\/strong> ever to a low of 29.7 in March from 51.6 in February. The composite index measures activity in both the manufacturing and service sectors. The plunge was worse than the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/510cdbee-e8aa-4714-aecc-622f3e17cb12\">flash figures<\/a>, which estimated the index would fall to 31.4. France, Spain, and Germany all saw business activity hit historic lows, but it was Italy which suffered the most, delivering a stunning PMI figure of just 20.2. Readings above 50 indicate expansion while figures below that mark show contraction.<\/p>\n<p><strong>Global data wasn\u2019t that much better:<\/strong> Global manufacturing and services activity fell to 133-month lows of 39.4 last month as the services PMI fell to its lowest reading on record and the contraction in manufacturing easing marginally on better Chinese data, according to <a href=\"https:\/\/www.markiteconomics.com\/Public\/Home\/PressRelease\/fad35491f3f24a4a96c9fb7dabdc2626\">JPMorgan Global PMI figures (pdf)<\/a>.<\/p>\n<p class='web-image' ><a href='https:\/\/www.bloomberg.com\/news\/articles\/2020-04-03\/jobs-destroyed-worldwide-as-coronavirus-sparks-recession?srnd=premium-middle-east&sref=mmeFTDW1'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/US-payroll-March2020-1600px.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\n<p><strong>US delivers disastrous payroll data: <\/strong>Fresh US payroll data has shown that 10 mn new unemployment claims were filed in the past two weeks in what <a href=\"https:\/\/apnews.com\/7c8c65a74daaf0ada3582d3b3161b35f\">the Associated Press<\/a> calls \u201cthe swiftest, most stunning collapse the US job market has ever witnessed.\u201d<\/p>\n<p><strong>Unemployment forecasts \u201cunprecedented since the Great Depression\u201d:<\/strong> The US and Europe are expected to see unemployment rates \u201cwell up into the teens,\u201d Peter Hooper, global head of economic research at Deutsche Bank, told <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-04-03\/jobs-destroyed-worldwide-as-coronavirus-sparks-recession?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg<\/a>. \u201cGiven the pain that we see near-term in the U.S. and Europe, this is unprecedented since the Great Depression, in terms of magnitudes.\u201d<\/p>\n<p><strong>Africa faces economic breakdown as a result of covid-19<\/strong>, <a href=\"https:\/\/apnews.com\/c79a173993d39ffe5773449ebaf9b9f8\">UNDP regional director Ahunna<\/a><a href=\"https:\/\/apnews.com\/c79a173993d39ffe5773449ebaf9b9f8\">Eziakonwa tells the Associated Press<\/a>. Mns could lose jobs across the continent with several sectors being battered by the global upheaval.<\/p>\n<p><strong>And emerging markets are looking at their first collective recession \u2026 ever? <\/strong>The warning on Africa comes as Capital Economics estimates that \u201ceconomic output in emerging markets is forecast to fall 1.5% this year, the first decline since reliable records began in 1951,\u201d <a href=\"https:\/\/www.wsj.com\/articles\/emerging-market-economies-brace-for-coronavirus-hit-11586112224?mod=hp_lead_pos4\">the WSJ notes<\/a>.<\/p>\n<p><strong>Covid-19 flight restrictions are delaying the delivery of pesticides needed to wipe<\/strong> <strong>out swarms of locusts<\/strong> attacking crops in east Africa, <a href=\"https:\/\/af.reuters.com\/article\/topNews\/idAFKBN21L1KR-OZATP\">Reuters reports<\/a>. Kenya, which is among the hardest-hit, could see some 4 mn more people struggling to feed their families as a result, says the FAO\u2019s head of resilience for Eastern Africa.<\/p>\n<p><strong>Send in the ducks: <\/strong>China\u2019s solution <a href=\"https:\/\/twitter.com\/CGTNOfficial\/status\/1230080286936879104?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1230080286936879104&ref_url=https%3A%2F%2Fwww.bloomberg.com%2Fnews%2Farticles%2F2020-02-27%2Farmy-of-100-000-chinese-ducks-on-standby-to-combat-locust-swarms\">when Pakistan faced<\/a> its own locust emergency in February was to mobilize an army of ducks, any one of which can apparently eat over 200 locusts a day.<\/p>\n<p class='web-image stand-out-borderless' ><a href='http:\/\/somabay.com\/'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/Diving-Web.png?ssl=1\" alt='enterprise'><\/a><\/p>\n<p><strong>The UAE\u2019s largest healthcare provider could be heading into administration: <\/strong>Abu Dhabi Commercial Bank (ADCB) has applied to the UK High Court to place embattled healthcare company NMC into administration and investigate <a href=\"https:\/\/www.cityam.com\/nmc-health-finds-evidence-of-fraud-as-shares-in-sister-firm-finablr-collapse\/\">allegations of fraudulent accounting<\/a>, <a href=\"https:\/\/www.bloomberg.com\/amp\/news\/articles\/2020-04-04\/nmc-health-chairman-asks-for-creditor-patience-after-fraud-found\">Bloomberg reports<\/a>. ADCB is one of the NMC\u2019s largest creditors and said last week that it has USD 981 mn of exposure to the company, risking more than 80% of its projected 2020 profits. The chairman of NMC \u2014 the UAE\u2019s largest healthcare provider \u2014 accused the bank of jeopardising the country\u2019s ability to fight the covid-19 pandemic even as its debt load brings closer to insolvency and other creditors step up efforts to recover funds. <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-03-31\/nmc-lenders-start-to-tally-losses-as-trading-unit-goes-on-block?sref=mmeFTDW1\">Bloomberg has the full rundown<\/a> on how the UAEs largest healthcare provider was brought to the brink.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/allianz\/\">Allianz<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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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=\"570556\">\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\/04\/06\/covid-19-outbreak-at-egypts-cancer-institute-tops-talk-show-coverage\/\">\r\n                            Covid-19 outbreak at Egypt\u2019s cancer institute tops talk show coverage                        <\/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\" 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      <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2020\/04\/06\/covid-19-outbreak-at-egypts-cancer-institute-tops-talk-show-coverage\/&title=Covid-19 outbreak at Egypt\u2019s cancer institute tops talk show coverage\">\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=Covid-19+outbreak+at+Egypt%E2%80%99s+cancer+institute+tops+talk+show+coverage+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F04%2F06%2Fcovid-19-outbreak-at-egypts-cancer-institute-tops-talk-show-coverage%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\/04\/06\/covid-19-outbreak-at-egypts-cancer-institute-tops-talk-show-coverage\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-570556\" class=\"content-area-description single-story post-570556 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-abdel-fattah-el-sisi tag-covid-19 tag-enterprise-last-nights-talk-shows tag-enterpriseam tag-national-cancer-institute tag-world-health-organization wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The covid-19 outbreak at the National Cancer Institute was front and center<\/strong> in the talking heads\u2019 coverage of the virus in Egypt.<\/p>\n<p><strong>Around 800 staff members and patients at the institute have been tested for covid-19<\/strong> since 17 doctors and nurses tested positive for the virus over the weekend, Cairo University spokesman Mohamed Alam El Din told Al Hayah Al Youm\u2019s Lobna Assal (<a href=\"https:\/\/www.youtube.com\/watch?v=w8EPomp5cIU\">watch, runtime: 4:46<\/a>). President Abdel Fattah El Sisi had issued directives to the government to carry out contact tracing on patients who visited the institute over the past two weeks to curb the outbreak, El Hekaya\u2019s Amr Adib noted (<a href=\"https:\/\/www.youtube.com\/watch?v=JQ-6kF7wjEA\">watch, runtime: 7:05<\/a>).<\/p>\n<p><strong>Tracking down the patients who visited the institute over the past two weeks is a key focus<\/strong> since they came into contact with the infected medical staff, one of the infected doctors stressed to Al Kahera Alaan\u2019s Lamees El Hadidi (<a href=\"https:\/\/www.youtube.com\/watch?v=Nk5rxM6b-Xc&t=556s\">watch, runtime: 10:52<\/a>). Masaa DMC\u2019s Eman El Hosary (<a href=\"https:\/\/www.youtube.com\/watch?v=uSh9sxRFTls\">watch, runtime: 0:45<\/a>) and Min Masr\u2019s Amr Khalil also covered the story (<a href=\"https:\/\/www.youtube.com\/watch?v=bO8BJ0BYAxU\">watch, runtime: 1:50<\/a>).<\/p>\n<p><strong>El Hosary also recapped the Health Ministry\u2019s daily tally of covid-19 cases<\/strong>, which we have in What We\u2019re Tracking Today, above (<a href=\"https:\/\/www.youtube.com\/watch?v=9U8I9QI3E8s\">watch, runtime: 1:12<\/a> and <a href=\"https:\/\/www.youtube.com\/watch?v=gsr_aybEgSg\">runtime: 1:07<\/a>).<\/p>\n<p><strong>WHO\u2019s Egypt rep weighs in on how we can put a lid on the outbreak:<\/strong> Egypt\u2019s covid-19 outbreak is \u201cnot insignificant\u201d but remains under control, and we still have several options for how to handle the situation, World Health Organization (WHO) Egypt representative John Jabbour told El Hekaya\u2019s Amr Adib. Any policy will only be successful if the government and people work together, he said. Jabbour noted that the WHO is aware that there are likely more cases in the country that remain undetected, and told Adib that detecting and treating these cases is of the utmost importance at this stage (<a href=\"https:\/\/www.youtube.com\/watch?v=5RbvCZWotv0\">watch, runtime: 25:15<\/a>).<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>Students are not likely to return to in-person learning before the end of the current academic year<\/strong>, Education Minister Tarek Shawky told Adib. The ministry has administered at-home exams to thousands of students in anticipation of resuming the academic year with distance learning, Shawky said (<a href=\"https:\/\/www.youtube.com\/watch?v=hFKRKz8_eqE\">watch, runtime: 1:54<\/a>).<\/p>\n<p><strong>The government\u2019s commitment to its economic reform program over the past few years has put us in a relatively good position<\/strong> to contain the fallout from the covid-19 outbreak, UN special envoy on financing the 2030 development agenda and veteran economist Mahmoud Mohieldin said on Al Hayah Al Youm. Mohieldin noted that global growth will see a marked slowdown because of the outbreak (<a href=\"https:\/\/www.youtube.com\/watch?v=gKHXIYso17c\">watch, runtime: 1:17<\/a>).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-last-nights-talk-shows\/\">Enterprise+: Last Night\u2019s Talk Shows<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/national-cancer-institute\/\">National Cancer Institute<\/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=\"570557\" 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=\"570557\">\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\/04\/06\/egypts-non-oil-private-sector-activity-falls-to-three-year-lows-as-covid-19-hits-output-new-orders\/\">\r\n                            Egypt\u2019s non-oil private sector activity falls to three-year lows as covid-19 hits output, new orders                        <\/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\/04\/06\/egypts-non-oil-private-sector-activity-falls-to-three-year-lows-as-covid-19-hits-output-new-orders\/\" 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\/04\/06\/egypts-non-oil-private-sector-activity-falls-to-three-year-lows-as-covid-19-hits-output-new-orders\/')\">\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\/04\/06\/egypts-non-oil-private-sector-activity-falls-to-three-year-lows-as-covid-19-hits-output-new-orders\/\">\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\u2019s non-oil private sector activity falls to three-year lows as covid-19 hits output, new orders&url=https:\/\/enterpriseam.com\/egypt\/2020\/04\/06\/egypts-non-oil-private-sector-activity-falls-to-three-year-lows-as-covid-19-hits-output-new-orders\/\">\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\/04\/06\/egypts-non-oil-private-sector-activity-falls-to-three-year-lows-as-covid-19-hits-output-new-orders\/&title=Egypt\u2019s non-oil private sector activity falls to three-year lows as covid-19 hits output, new orders\">\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%E2%80%99s+non-oil+private+sector+activity+falls+to+three-year+lows+as+covid-19+hits+output%2C+new+orders+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F04%2F06%2Fegypts-non-oil-private-sector-activity-falls-to-three-year-lows-as-covid-19-hits-output-new-orders%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\/04\/06\/egypts-non-oil-private-sector-activity-falls-to-three-year-lows-as-covid-19-hits-output-new-orders\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/44.png?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"570558\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/04\/06\/egypts-non-oil-private-sector-activity-falls-to-three-year-lows-as-covid-19-hits-output-new-orders\/44-png\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/44.png?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"44.png\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/44.png?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/44.png?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-570557\" class=\"content-area-description single-story post-570557 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round tag-covid-19 tag-enterpriseam tag-pmi 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-02\" class=\"content-anchor\"><\/a> <strong>Stung by covid-19 outbreak, non-oil business activity falls to three-year lows on <\/strong><strong>declining<\/strong><strong> output, dearth of new orders:<\/strong> Egypt\u2019s non-oil business activity continued to shrink in March as the the covid-19 pandemic caused \u201csharp downturns\u201d in output and new orders, according to IHS Markit\u2019s <a href=\"https:\/\/ent.news\/2020\/4\/PMI-5-April-2020.pdf\">purchasing managers\u2019 index (PMI) (pdf)<\/a>. The PMI gauge fell to 44.2 in March from <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/804cb797-da70-4583-9fcb-7970236e9d02\">47.1 in February<\/a>, marking a sharp deterioration in business conditions at the end of the first quarter of the year and the lowest reading since January 2017. A reading above 50.0 indicates that activity is expanding, while a reading below means it is contracting.<\/p>\n<p><strong>Output fell at the fastest rate in more than three years<\/strong> as businesses struggled amid depressed demand. Domestic orders fell due to low employment, businesses said, while export volumes declined at the quickest pace in more than seven years.<\/p>\n<p><strong>Input purchases saw their biggest monthly decline in over three years<\/strong>, with some businesses reporting difficulty getting production inputs thanks to the shuttering of Chinese factories.<\/p>\n<p><strong>A hike in input costs was attributed to rising cost inflationary pressures<\/strong>, mainly due to the appreciation of the USD, and an uptick in the price of raw materials. It was tempered, however, by other price reductions \u2014 with oil prices being the most significant. This allowed businesses to reduce output prices albeit at a lower rate than seen in February.<\/p>\n<p><strong>Vendor performance fell for Egyptian businesses as well <\/strong>due to travel disruptions and Chinese factory closures. While the rate of deterioration was modest, it was also the swiftest for 19 months.<\/p>\n<p><strong>Employment fell for the fifth month in a row. <\/strong>Employees left businesses for other jobs and these roles were not replaced due to lower sales, causing a \u201csolid drop\u201d in workforces.<\/p>\n<p><strong>Firms were largely negative in their assessment of future prospects with no end in sight for covid-19.<\/strong> Confidence levels reached series lows as many feared an enduring impact on the domestic and global economy.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pmi\/\">PMI<\/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=\"570564\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"570565\" 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=\"570565\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/04\/06\/570565\/\">\r\n                                                    <\/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\/04\/06\/570565\/\" 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\/04\/06\/570565\/')\">\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\/04\/06\/570565\/\">\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=&url=https:\/\/enterpriseam.com\/egypt\/2020\/04\/06\/570565\/\">\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\/04\/06\/570565\/&title=\">\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=+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F04%2F06%2F570565%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\/04\/06\/570565\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-570565\" class=\"content-area-description single-story post-570565 post type-post status-publish format-standard hentry category-egypt-in-the-news wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>It\u2019s all quiet on the foreign press front for Egypt<\/strong> this morning.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"570566\" 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=\"570566\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">Worth reading<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/04\/06\/dont-blame-the-bats-its-human-environmental-and-social-policies-that-pave-the-way-for-devastating-pandemics\/\">\r\n                            Don\u2019t blame the bats: it\u2019s human environmental and social policies that pave the way for devastating pandemics                        <\/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\/04\/06\/dont-blame-the-bats-its-human-environmental-and-social-policies-that-pave-the-way-for-devastating-pandemics\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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In our ever-expanding search for land, we bring ourselves into closer proximity with creatures like bats \u2014 in whom microbes like Ebola or the new coronavirus exist without causing disease (because that\u2019s where they\u2019ve evolved). With our amazing global transport system, pathogens that emerge in the most remote locations can easily be transmitted to urban hubs. And with human environmental practices reducing biodiversity, we\u2019re eliminating a natural mechanism of slowing the transmission of diseases that can make the jump from animal to human, or vice versa.<\/p>\n<p><strong>We need to shift our approach, or else covid-19 is just the start:<\/strong> Like it or not, human health is connected to that of animals \u2014 domestic and wild \u2014 and ecosystems in general, argues Shah. There needs to be a paradigm shift away from what she calls microbial xenophobia, or the idea of the germ invading from the outside. And with the likelihood being that the virus that causes covid-19 came from a wild-animal market in China, there should be a re-examining of our own meat production as well, she says. Crowded factory farms are the perfect breeding ground for highly drug-resistant forms of bacterial pathogens and virulent avian influenza \u2014 both of which have been scaring scientists long before covid-19 reared its ugly head.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/environment\/\">environment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pandemic\/\">pandemic<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"570568\" 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=\"570568\">\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 Listening<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/04\/06\/a-deep-dive-into-covid-19-testing-in-the-us\/\">\r\n                            A deep dive into covid-19 testing in the US                        <\/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\/04\/06\/a-deep-dive-into-covid-19-testing-in-the-us\/\" 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\/04\/06\/a-deep-dive-into-covid-19-testing-in-the-us\/')\">\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\/04\/06\/a-deep-dive-into-covid-19-testing-in-the-us\/\">\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=A deep dive into covid-19 testing in the US&url=https:\/\/enterpriseam.com\/egypt\/2020\/04\/06\/a-deep-dive-into-covid-19-testing-in-the-us\/\">\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\/04\/06\/a-deep-dive-into-covid-19-testing-in-the-us\/&title=A deep dive into covid-19 testing in the US\">\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=A+deep+dive+into+covid-19+testing+in+the+US+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F04%2F06%2Fa-deep-dive-into-covid-19-testing-in-the-us%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\/04\/06\/a-deep-dive-into-covid-19-testing-in-the-us\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/46.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"570569\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/04\/06\/a-deep-dive-into-covid-19-testing-in-the-us\/46-jpg-14\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/46.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"46.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/46.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/46.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-570568\" class=\"content-area-description single-story post-570568 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-listening tag-covid-19 tag-enterpriseam tag-goldman-sachs tag-vaccines tag-worth-listening 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>A deep dive into covid-19 testing in the US (with some surprising glimmers of <\/strong><strong>good news):<\/strong> Health experts and business leaders have been working to meet growing demands for covid-19 testing, and preparing to run innovative trials using existing medications in the hope of alleviating some of its worst effects, according to this Goldman Sachs podcast (<a href=\"https:\/\/www.youtube.com\/watch?v=8O0UibNXq00\">listen, runtime: 1:21:49<\/a>). Interviews with leaders including the CEOs of Quest Diagnostics and Roche Diagnostics and the president of Massachusetts General Hospital highlight mass partnerships taking place across the US between private sector companies, the Federal Emergency Management Agency (FEMA), hospitals and other stakeholders to increase lab capacity for testing \u2014 widely acknowledged to be key in flattening the curve of covid-19 cases. Quest Diagnostics alone increased capacity from 0 to 20k tests per day between 1 and 20 March.<\/p>\n<p><strong>Could a pioneering approach to treating Ebola be adapted to protect people from covid-19 by the summer?<\/strong> It would involve manufacturing the antibodies that would normally be produced after a vaccine and administering them directly to patients, and could produce a 90% survival rate if given early, estimate the leaders of some pharma companies.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/goldman-sachs\/\">Goldman Sachs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/vaccines\/\">vaccines<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/worth-listening\/\">WORTH LISTENING<\/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=\"570570\" 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=\"570570\">\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\/04\/06\/egypt-to-begin-exporting-citrus-to-brazil\/\">\r\n                            Egypt to begin exporting citrus to Brazil                        <\/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\/04\/06\/egypt-to-begin-exporting-citrus-to-brazil\/\" 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\/04\/06\/egypt-to-begin-exporting-citrus-to-brazil\/')\">\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\/04\/06\/egypt-to-begin-exporting-citrus-to-brazil\/\">\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 begin exporting citrus to Brazil&url=https:\/\/enterpriseam.com\/egypt\/2020\/04\/06\/egypt-to-begin-exporting-citrus-to-brazil\/\">\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\/04\/06\/egypt-to-begin-exporting-citrus-to-brazil\/&title=Egypt to begin exporting citrus to Brazil\">\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+begin+exporting+citrus+to+Brazil+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F04%2F06%2Fegypt-to-begin-exporting-citrus-to-brazil%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\/04\/06\/egypt-to-begin-exporting-citrus-to-brazil\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-570570\" class=\"content-area-description single-story post-570570 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-agriculture tag-brazil tag-covid-19 tag-diplomacy-foreign-trade tag-enterpriseam tag-food tag-trade wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Egypt will begin exporting citrus fruits to Brazil for the first time<\/strong> after the Agricultural Quarantine Authority (AQA) concluded negotiations with Brazilian authorities, <a href=\"https:\/\/bit.ly\/2RarPas\">according to a cabinet statement<\/a>. The AQA <a href=\"https:\/\/enterprise.press\/stories\/2019\/09\/17\/egypt-set-to-export-garlic-grapes-and-citrus-to-brazil-soon\/\">has been in talks<\/a> over opening citrus exports to Brazil since last September. Citrus fruits accounted for the largest share of Egypt\u2019s agricultural exports in the first 11 months of 2019, which <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/01\/last-nights-talk-shows-on-sunday-1-december-2019-7304\/\">registered 5.1 mn tonnes<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/agriculture\/\">agriculture<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/brazil\/\">Brazil<\/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\/diplomacy-foreign-trade\/\">Diplomacy + Foreign Trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/food\/\">food<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"570571\" 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=\"570571\">\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\/04\/06\/egypts-aoi-to-set-up-egp-238-mn-municipal-waste-recycling-plant-in-dakahlia\/\">\r\n                            Egypt\u2019s AOI to set up EGP 238 mn municipal waste recycling plant in Dakahlia                        <\/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\/04\/06\/egypts-aoi-to-set-up-egp-238-mn-municipal-waste-recycling-plant-in-dakahlia\/\" 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\/04\/06\/egypts-aoi-to-set-up-egp-238-mn-municipal-waste-recycling-plant-in-dakahlia\/')\">\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\/04\/06\/egypts-aoi-to-set-up-egp-238-mn-municipal-waste-recycling-plant-in-dakahlia\/\">\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\u2019s AOI to set up EGP 238 mn municipal waste recycling plant in Dakahlia&url=https:\/\/enterpriseam.com\/egypt\/2020\/04\/06\/egypts-aoi-to-set-up-egp-238-mn-municipal-waste-recycling-plant-in-dakahlia\/\">\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\/04\/06\/egypts-aoi-to-set-up-egp-238-mn-municipal-waste-recycling-plant-in-dakahlia\/&title=Egypt\u2019s AOI to set up EGP 238 mn municipal waste recycling plant in Dakahlia\">\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%E2%80%99s+AOI+to+set+up+EGP+238+mn+municipal+waste+recycling+plant+in+Dakahlia+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F04%2F06%2Fegypts-aoi-to-set-up-egp-238-mn-municipal-waste-recycling-plant-in-dakahlia%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\/04\/06\/egypts-aoi-to-set-up-egp-238-mn-municipal-waste-recycling-plant-in-dakahlia\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-570571\" class=\"content-area-description single-story post-570571 post type-post status-publish format-standard hentry category-infrastructure tag-enterpriseam tag-health tag-infrastructure tag-local-development-ministry tag-recycling wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The Arab Organization for Industrialization has signed a EGP 238 mn agreement to construct a municipal waste recycling site in Dakahlia, <a href=\"https:\/\/bit.ly\/2UJ567l\">according to a cabinet statement<\/a>. The recycling facility, which is aimed to reduce waste at the Sandub landfill, is expected to be completed within six months.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/health\/\">health<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/local-development-ministry\/\">Local Development Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/recycling\/\">recycling<\/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=\"570572\" 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=\"570572\">\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\">Health + Education<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/04\/06\/novo-nordisk-to-offer-four-new-meds-in-egypt\/\">\r\n                            Novo Nordisk to offer four new meds in Egypt                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/04\/06\/novo-nordisk-to-offer-four-new-meds-in-egypt\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2020\/04\/06\/novo-nordisk-to-offer-four-new-meds-in-egypt\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2020\/04\/06\/novo-nordisk-to-offer-four-new-meds-in-egypt\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Novo Nordisk to offer four new meds in Egypt&url=https:\/\/enterpriseam.com\/egypt\/2020\/04\/06\/novo-nordisk-to-offer-four-new-meds-in-egypt\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2020\/04\/06\/novo-nordisk-to-offer-four-new-meds-in-egypt\/&title=Novo Nordisk to offer four new meds in Egypt\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Novo+Nordisk+to+offer+four+new+meds+in+Egypt+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F04%2F06%2Fnovo-nordisk-to-offer-four-new-meds-in-egypt%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/04\/06\/novo-nordisk-to-offer-four-new-meds-in-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-570572\" class=\"content-area-description single-story post-570572 post type-post status-publish format-standard hentry category-health-education tag-enterpriseam tag-health-education tag-pharma wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Danish pharma giant Novo Nordisk is in the process of registering four new meds in Egypt to introduce them by 2022, the company\u2019s deputy chairman in Egypt Ayman Hassan <a href=\"https:\/\/alborsaanews.com\/2020\/04\/05\/1316719\">told the local press<\/a>, without providing further details on the products.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/health-education\/\">Health + Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pharma\/\">pharma<\/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=\"570573\" 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=\"570573\">\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\">Real Estate + Housing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/04\/06\/madbouly-orders-firm-action-against-building-code-violations\/\">\r\n                            Madbouly orders \u201cfirm action\u201d against building code violations                        <\/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\/04\/06\/madbouly-orders-firm-action-against-building-code-violations\/\" 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\/04\/06\/madbouly-orders-firm-action-against-building-code-violations\/')\">\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\/04\/06\/madbouly-orders-firm-action-against-building-code-violations\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Madbouly orders \u201cfirm action\u201d against building code violations&url=https:\/\/enterpriseam.com\/egypt\/2020\/04\/06\/madbouly-orders-firm-action-against-building-code-violations\/\">\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\/04\/06\/madbouly-orders-firm-action-against-building-code-violations\/&title=Madbouly orders \u201cfirm action\u201d against building code violations\">\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=Madbouly+orders+%E2%80%9Cfirm+action%E2%80%9D+against+building+code+violations+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F04%2F06%2Fmadbouly-orders-firm-action-against-building-code-violations%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\/04\/06\/madbouly-orders-firm-action-against-building-code-violations\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-570573\" class=\"content-area-description single-story post-570573 post type-post status-publish format-standard hentry category-real-estate-housing tag-covid-19 tag-enterpriseam tag-judiciary tag-national-security tag-real-estate-housing wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Prime Minister Moustafa Madbouly has ordered local authorities to tighten control over building permits and take \u201cfirm action\u201d as permissible under emergency law, including military trials, against building code violations, according to <a href=\"https:\/\/bit.ly\/2UKuyJI\">a cabinet statement<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/judiciary\/\">judiciary<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/national-security\/\">national security<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate-housing\/\">Real Estate + Housing<\/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=\"570574\" 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=\"570574\">\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\">Automotive + Transportation<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/04\/06\/egypts-railways-authority-mulls-buying-50-new-locomotives-from-siemens\/\">\r\n                            Egypt\u2019s Railways Authority mulls buying 50 new locomotives from Siemens                        <\/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\/04\/06\/egypts-railways-authority-mulls-buying-50-new-locomotives-from-siemens\/\" 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\/04\/06\/egypts-railways-authority-mulls-buying-50-new-locomotives-from-siemens\/')\">\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\/04\/06\/egypts-railways-authority-mulls-buying-50-new-locomotives-from-siemens\/\">\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\u2019s Railways Authority mulls buying 50 new locomotives from Siemens&url=https:\/\/enterpriseam.com\/egypt\/2020\/04\/06\/egypts-railways-authority-mulls-buying-50-new-locomotives-from-siemens\/\">\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\/04\/06\/egypts-railways-authority-mulls-buying-50-new-locomotives-from-siemens\/&title=Egypt\u2019s Railways Authority mulls buying 50 new locomotives from Siemens\">\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%E2%80%99s+Railways+Authority+mulls+buying+50+new+locomotives+from+Siemens+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F04%2F06%2Fegypts-railways-authority-mulls-buying-50-new-locomotives-from-siemens%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\/04\/06\/egypts-railways-authority-mulls-buying-50-new-locomotives-from-siemens\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-570574\" class=\"content-area-description single-story post-570574 post type-post status-publish format-standard hentry category-automotive-transportation tag-automotive-transportation tag-enterpriseam tag-general-motors tag-germany tag-siemens tag-transport wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The National Railway Authority is considering buying 50 new locomotives from Germany\u2019s Siemens, the <a href=\"https:\/\/alborsaanews.com\/2020\/04\/05\/1316666\">local press reports<\/a>, citing an unnamed NRA source. No details were provided on the value or timeframe of the potential purchase. The pact would also include repair works for 50 other locomotives that have been running since the 1970s.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/automotive-transportation\/\">Automotive + Transportation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/general-motors\/\">General Motors<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/germany\/\">Germany<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/siemens\/\">Siemens<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/transport\/\">transport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"570575\" 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=\"570575\">\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\">Other Business News of Note<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/04\/06\/state-backed-africa-focused-brokerage-and-investment-promotion-company-to-tap-ceo-soon\/\">\r\n                            State-backed, Africa-focused brokerage and investment promotion company to tap CEO \u201csoon\u201d                        <\/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\/04\/06\/state-backed-africa-focused-brokerage-and-investment-promotion-company-to-tap-ceo-soon\/\" 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\/04\/06\/state-backed-africa-focused-brokerage-and-investment-promotion-company-to-tap-ceo-soon\/')\">\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\/04\/06\/state-backed-africa-focused-brokerage-and-investment-promotion-company-to-tap-ceo-soon\/\">\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=State-backed, Africa-focused brokerage and investment promotion company to tap CEO \u201csoon\u201d&url=https:\/\/enterpriseam.com\/egypt\/2020\/04\/06\/state-backed-africa-focused-brokerage-and-investment-promotion-company-to-tap-ceo-soon\/\">\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\/04\/06\/state-backed-africa-focused-brokerage-and-investment-promotion-company-to-tap-ceo-soon\/&title=State-backed, Africa-focused brokerage and investment promotion company to tap CEO \u201csoon\u201d\">\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=State-backed%2C+Africa-focused+brokerage+and+investment+promotion+company+to+tap+CEO+%E2%80%9Csoon%E2%80%9D+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F04%2F06%2Fstate-backed-africa-focused-brokerage-and-investment-promotion-company-to-tap-ceo-soon%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\/04\/06\/state-backed-africa-focused-brokerage-and-investment-promotion-company-to-tap-ceo-soon\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-570575\" class=\"content-area-description single-story post-570575 post type-post status-publish format-standard hentry category-other-business-news-of-note tag-africa tag-banque-du-caire tag-banque-misr tag-enterpriseam tag-investment-watch tag-other-business-news-of-note wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>A new government-backed brokerage and investment promotion company has shortlisted three candidates for its CEO and will make a decision next month, said Mohamed Saad Eldin, a member of the company\u2019s board of directors, <a href=\"https:\/\/bit.ly\/2JCGx5T\">according to the local press<\/a>. The Africa-focused company is also working on finalizing other procedures, including choosing a name, Saad Eldin said. The company will be <a href=\"https:\/\/enterprise.press\/stories\/2019\/10\/21\/private-investors-to-take-the-reins-in-new-govt-backed-africa-focused-brokerage-and-marketing-company\/\">majority-owned by private investors<\/a>, who will hold a 56% stake, while public sector companies will be allocated 24%. State-owned National Bank of Egypt, Banque Misr, and Banque du Caire will split the remaining 20% between them.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/africa\/\">Africa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banque-du-caire\/\">Banque du Caire<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banque-misr\/\">Banque Misr<\/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\/other-business-news-of-note\/\">Other Business News of Note<\/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=\"570576\" 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=\"570576\">\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\/04\/06\/the-market-yesterday-66\/\">\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\/04\/06\/the-market-yesterday-66\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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CIB, the index\u2019s heaviest constituent, ended down 2.2%. EGX30\u2019s top performing constituents were Dice up 2.3%, Credit Agricole up 2.1%, and Ibnsina Pharma up 0.1%. Yesterday\u2019s worst performing stocks were Telecom Egypt down 9.2%, Egyptian Resorts down 7.7% and Kima down 6.1%. The market turnover was EGP 365 mn, and domestic investors were the sole net buyers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Short | EGP -85.4 mn<br \/>\n <strong>Regional<\/strong>: Net Short | EGP -10.2 mn<br \/>\n <strong>Domestic<\/strong>: Net Long | EGP +95.5 mn<\/p>\n<p><strong>Retail<\/strong>: 59.4% of total trades | 63.1% of buyers | 55.6% of sellers<br \/>\n <strong>Institutions<\/strong>: 40.6% of total trades | 36.9% of buyers | 44.4% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 26.68 (-5.86%)<br \/>\n <strong>Brent:<\/strong> USD 32.90 (-3.55%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 1.64 MMBtu, (+1.42%, May 2020 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,647.50 \/ troy ounce (+0.11%)<\/p>\n<p><strong>TASI:<\/strong> 6,752.19 (+0.04%) (YTD: -19.51%)<br \/>\n <strong>ADX:<\/strong> 3,676.46 (-2.18%) (YTD: -27.57%)<br \/>\n <strong>DFM:<\/strong> 1,682.08 (-2.37%) (YTD: -39.16%)<br \/>\n <strong>KSE Premier Market:<\/strong> 5,060.23 (+0.34%)<br \/>\n <strong>QE:<\/strong> 8,485.26 (+0.32%) (YTD: -18.61%)<br \/>\n <strong>MSM:<\/strong> 3,385.84 (+0.07%) (YTD: -14.95%)<br \/>\n <strong>BB: <\/strong>1,322.38 (-0.56%) (YTD: -17.87%)<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-market-yesterday\/\">The Market Yesterday<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"570577\" 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\/04\/06\/570577\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-570577\" class=\"content-area-description single-story post-570577 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>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 sites 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>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\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":570553,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-570552","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"e9c10c1e-6434-49b7-a115-04d5a6f1954f","teaser":"","photo_url":"https:\/\/ent.news\/2020\/4\/37.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>Covid cases up, PMI down and students are probably staying home \u2018til the end of the year. 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