{"id":570588,"date":"2020-04-07T04:29:13","date_gmt":"2020-04-07T04:29:13","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=570588"},"modified":"2025-12-16T07:32:43","modified_gmt":"2025-12-16T07:32:43","slug":"businesses-get-tax-relief-as-egypt-reports-1322-total-covid-cases","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/businesses-get-tax-relief-as-egypt-reports-1322-total-covid-cases\/","title":{"rendered":"Businesses get tax relief as Egypt reports 1,322 total covid cases"},"content":{"rendered":"<section id=\"570590\" 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=\"570590\">\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\/07\/what-were-tracking-on-7-april-2020\/\">\r\n                            What we\u2019re tracking on 7 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\/07\/what-were-tracking-on-7-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(); 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The measure will allow businesses to pay in three installments. The president also gave the tourism industry a full six-month tax holiday and rolled out other policies to support the civil aviation industry, exporters, and seasonal workers. We have chapter and verse in this morning\u2019s Speed Round, below.<\/p><p><strong>The government is expected to make an announcement today on whether it will extend<\/strong><strong> the 11-hour curfew<\/strong> and suspension of flights, schools and universities, and other measures to curb the spread of covid-19. The measures came into effect on 25 March for a two-week period that expires tomorrow, Al Kahera Alaan\u2019s Lamees El Hadidi reminds us (<a href=\"https:\/\/www.youtube.com\/watch?v=r3wHpWp2xVM\">watch, runtime: 3:47<\/a>).<\/p><p><strong>Don\u2019t expect a full lockdown just yet: <\/strong>Information Minister Osama Heikal had told Lamees <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1447a606-31fa-43f3-99bc-cedd3bc6640a\">earlier this week<\/a> that the government would only impose a full lockdown if we reach the point of 1k new covid-19 cases per day.<\/p><p><strong>The EGX30 was up 1.9% at yesterday\u2019s closing bell.<\/strong> Local investors were the sole net buyers in a session that saw moderate turnover of EGP 778 mn, 29% above the trailing 90-day average. The benchmark index is down 32.3% since the start of the year. <strong>US stocks surged to a three-week high yesterday<\/strong> on suggestions that \u201cthe reported death tolls in some of the world\u2019s coronavirus hot spots showed signs of easing,\u201d <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-04-05\/currencies-start-mixed-as-virus-death-toll-dips-markets-wrap\">Bloomberg<\/a> noted. Shares in Europe also surged yesterday.<\/p><p><strong>Markets are holding up well so far today<\/strong>, with shares in Japan, China, Hong Kong, South Korea, Australia and New Zealand all in the green this morning. Futures suggest European markets will open weakly in the green later this morning, as will the S&amp;P, Dow and Nasdaq across the pond.<\/p><p><strong>Three pieces of wisdom from Twitter:<\/strong><\/p><p><strong>1- Bill Ackman made USD 2.6 bn hedging against corona<\/strong> (<a href=\"https:\/\/www.pershingsquareholdings.com\/pershing-square-capital-management-l-p-releases-letter-to-investors\/\">details in his note to investors<\/a><a href=\"https:\/\/www.pershingsquareholdings.com\/pershing-square-capital-management-l-p-releases-letter-to-investors\/\">here<\/a>) in what we figure must be the greatest hedge of all time (<a href=\"https:\/\/twitter.com\/BillAckman\/status\/1244012066211532800\">he defended it on Twitter<\/a>after the usual suspects started whining about it). <strong><a href=\"https:\/\/twitter.com\/BillAckman\/status\/1246871977064792064\">He\u2019s now optimistic that the tide may be turning on covid.<\/a><\/strong><\/p><p><strong>2- <\/strong><strong><a href=\"https:\/\/twitter.com\/PeterKolchinsky\/status\/1246975275021348865\">The smartest thing we\u2019ve read in weeks on the virology of SARS-CoV-2<\/a><\/strong> comes from another virologist (see, we\u2019re everywhere\u2026) turned venture capitalist.<\/p><p><strong>3- <\/strong><strong><a href=\"https:\/\/twitter.com\/MyDoncaster\/status\/1247083713428631553\">Why follow advice to social distance?<\/a><\/strong> Because the experts bloody say so, the UK\u2019s Doncaster Council argues, colorfully invoking an attempt in Oregon to blow up a dead whale with a half ton of TNT back in the 1970s.<\/p><p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/Covid-chart-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/p><p><strong>COVID-19 IN EGYPT-<\/strong><\/p><p><a id=\"tldr-story-01\" class=\"content-anchor\"><\/a> <strong>Egypt now has 1,322 confirmed cases of covid-19<\/strong> after the Health Ministry reported 149 new infections <a href=\"https:\/\/bit.ly\/2V6bCEm\">yesterday<\/a>. The ministry also said that another seven people had died from the virus, bringing the death toll to 85. We now have a total of 396 confirmed cases that have since tested negative for the virus after being hospitalized, of whom 259 officials say have fully recovered. Health Minister Hala Zayed noted that 88% of confirmed cases in Egypt are mild cases, 7% are moderate, 3% are extreme cases; 2% cases are people who are in hospital in critical condition.<\/p><p><strong>The government will pay civil servants early this month<\/strong>, with wages disbursed over the course of four days between 19 and 22 April to reduce large crowds at banks and ATMs, <a href=\"http:\/\/shorturl.at\/jpzD7\">according to a cabinet statement<\/a>.<\/p><p><strong>The CIT Ministry has pushed the deadline to pay January\u2019s landline phone bills<\/strong> to avoid overcrowding at state-owned landline operator Telecom Egypt\u2019s offices, Minister Amr Talaat told Al Hadath Al Youm (<a href=\"https:\/\/www.youtube.com\/watch?v=A0KPC4FNF1A\">watch, runtime 2:01<\/a>).<\/p><p><strong>Companies in Egypt\u2019s private sector struggling with short-term cash crunches need <\/strong><strong>immediate help to keep the lights on<\/strong>, limit bankruptcies, and prevent layoffs, Regional Director of the World Bank in Egypt, Yemen and Djibouti <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/366707\/Egypt\/Politics-\/Interview-Egypt-has-taken-good-measures-to-face-ec.aspx\">Marina Wes told Ahram Online<\/a>. She noted that the private sector and informal workers will be the most vulnerable to the economic fallout from Egypt\u2019s response to covid-19.<\/p><p><strong>Egypt has an 8.6-month reserve of sugar, 4.2 months of rice, and 5.8 months of <\/strong><strong>vegetable oil<\/strong>, <a href=\"https:\/\/ara.reuters.com\/article\/businessNews\/idARAKBN21O1I1\">Reuters reports<\/a>. The <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/58d26ca2-f01f-4c1a-9bf1-73cbc38565b4\">government is working to increase<\/a> the country\u2019s strategic commodity reserves to be sufficient for a six-month period to protect against possible food supply shortages.<\/p><p><strong>The Tourism Ministry is allowing hotels outside so-called \u201ctourism governorates\u201d to host <\/strong><strong>guests up to 25% of their capacity<\/strong> and allow up to 50% of their staff members to work, <a href=\"https:\/\/bit.ly\/3aTDm5S\">Al Mal reports<\/a>, citing a ministry memo. The decision does not apply to South Sinai, the Red Sea, Luxor, and Aswan, but it remains unclear whether hotels in these governorates are required to remain vacant. Red Sea hotels were evacuated <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bf62f2e5-aa21-43f1-b344-085c08c92162\">last month<\/a> and tourism in the governorate's hotels was suspended before Marsa Alam facilities <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/58d26ca2-f01f-4c1a-9bf1-73cbc38565b4\">were tapped<\/a> to serve as quarantine centers for Egyptians returning home from the United States.<\/p><p><strong>Construction companies working on contract to the government should be given up to <\/strong><strong>six extra months to finish work<\/strong>, the <a href=\"http:\/\/www.tasheed.org\/en\/ContactUs.aspx\">Federation of Construction and Building Contractors<\/a> has said, according to a report in <a href=\"https:\/\/bit.ly\/2xOIitX\">Al Mal<\/a>. The industry is struggling with labour shortages and the 7pm-6am curfew.<\/p><p><strong>Ongoing railway projects are all set to be completed on schedule<\/strong>, including Cairo Metro Lines 3 and 4 and the new administrative capital monorail, head of the National Authority for Tunnels Essam Waly said, <a href=\"https:\/\/bit.ly\/3aNHlRj\">according to Al Mal<\/a>. President Abdel Fattah El Sisi had <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/67e65b2d-4738-46d6-852d-324a0730f19f\">decided on Saturday<\/a> to postpone the inauguration of all national projects due this year.<\/p><p><strong>State-owned Misr Spinning and Weaving (Ghazl El Mahalla) began trial production of face masks yesterday<\/strong> on a line with the capacity to crank out up to 40 masks per minute, board member Magdy El Alfy <a href=\"https:\/\/almalnews.com\/%D8%BA%D8%B2%D9%84-%D8%A7%D9%84%D9%85%D8%AD%D9%84%D8%A9-%D8%AA%D8%A8%D8%AF%D8%A3-%D8%A7%D9%84%D8%AA%D8%B4%D8%BA%D9%8A%D9%84-%D8%A7%D9%84%D8%AA%D8%AC%D8%B1%D9%8A%D8%A8%D9%8A-%D9%84%D8%A5\/\">tells Al Mal<\/a>. The company is aiming to double its output soon.<\/p><p><strong>Mastercard has increased its contactless payment limit for Egypt from EGP 300 <\/strong><strong>to EGP 600<\/strong> to help customers avoid touching keypads when making purchases, in an initiative rolled out across the MENA region on Monday, <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1814261\">Al Masry Al Youm reports<\/a>, noting the new limits for each country.<\/p><p><strong>A flight passing overhead near deadline time this morning <\/strong>reminded us that there are not just cargo flights in and out of Egypt, but that at least three commercial flights are scheduled for tomorrow. An EgyptAir repatriation flight for Canadian citizens, permanent residents and their immediate families takes off on Wednesday for Toronto, while Air Cairo is running two commercial flights for citizens from any country tomorrow morning to Paris. There are presently no flights scheduled to the United States for American nationals.<\/p><p class=\"web-image\"><a href=\"https:\/\/www.youtube.com\/watch?v=gvcXkP9pZvI&amp;feature=youtu.be\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/Breathe-Campaign_3-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p><p><strong>DONATIONS-<\/strong><\/p><p><strong>*** The Breathe Campaign <\/strong>(image above) <strong>has now raised enough money to purchase 30 ventilators:<\/strong> The campaign has so far raised EGP 10 mn since its launch on 31 March, enough to buy 30 ventilators costing EGP 240-430k each.<\/p><p><strong>Want to make a contribution?<\/strong> Hit up the <a href=\"https:\/\/www.egyptiancurebank.com\/donation\/monetary\/\">Egyptian Cure Bank<\/a>, Fawry or the FawryApp or check out the description section of the Youtube page for other options.<\/p><p><strong>You can keep up to date with the campaign<\/strong> on <a href=\"https:\/\/www.instagram.com\/thebreathecampaign\/\">Instagram<\/a> and check out the ad here (<a href=\"https:\/\/www.youtube.com\/watch?v=gvcXkP9pZvI&amp;feature=youtu.be\">watch, runtime: 1:08<\/a>).<\/p><p><strong>Orascom Construction and the Sawiris Foundation for Social Development are <\/strong><strong>funding the repair of 110 ventilators<\/strong> for several public hospitals, <a href=\"https:\/\/ent.news\/2020\/4\/OC-and-SFSD-Have-Started-to-Fund-and-Arrange-the-Repair-of-Ventilators-Across-Egypt-EN.pdf\">according to a statement (pdf)<\/a>. The company has worked with international manufacturers of medical equipment to identify broken ventilators and will reportedly deliver them in the coming days.<\/p><p><strong>FEI to repair 122 ventilators, buy 21 more: <\/strong>The Federation of Egyptian Industries signed an MoU with the Egyptian Cure Bank and the Authority for Unified Procurement to repair 122 ventilators and purchase 21 more for use in public hospitals, <a href=\"https:\/\/bit.ly\/2UJzeQ6\">according to the local press<\/a>. The repairs will cost approximately EGP 7.7 mn and 87 will be completed in two weeks and the rest within a month.<\/p><p><strong>Banque du Caire is doling out EGP 40 mn in donations<\/strong> under a Federation of Egyptian Banks' <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/3\/12\/366440\/Business\/Economy\/Federation-of-Egyptian-banks-to-donate-EGP--millio.aspx\">initiative aimed to collect EGP 150 mn<\/a> from the country\u2019s banks to help the state confront the covid-19 pandemic, <a href=\"https:\/\/bit.ly\/2JMfchs\">Al Mal reports<\/a>.<\/p><p><strong>Centamin is donating EGP 10 mn to support Egypt in fighting the covid-19 <\/strong><strong>pandemic<\/strong>, <a href=\"https:\/\/www.accesswire.com\/583993\/Centamin-PLC-Announces-Donation-towards-Egypts-COVID-19-Relief-Efforts\">according to a statement<\/a>. Chairman Josef El Raghy said the mining company is \u201ccommitted to extending support to our host countries.\u201d<\/p><p><strong>City Edge is also donating EGP 10 mn to the Tahya Misr Fund<\/strong>, <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1827571\">Al Masry Al Youm reports<\/a>.<\/p><p class=\"web-image\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-04-06\/global-gdp-tracker-shows-recession-started-in-march-chart?srnd=premium&amp;sref=mmeFTDW1\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/BBG-Global-GDP-tracker-March-2020-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p><p><strong>ON THE GLOBAL FRONT-<\/strong><\/p><p><strong>UK Prime Minister Boris Johnson was moved to an ICU unit<\/strong> after his covid-19 symptoms took a turn for the worse yesterday. Johnson was hospitalized on Sunday following 10 days of \u201cpersistent symptoms\u201d from his infection. The story is front-page news around the world this morning on the <a href=\"https:\/\/www.ft.com\/content\/1f034247-fe4d-4ae8-8654-e91cf9bae373\">Financial Times<\/a>, <a href=\"https:\/\/www.wsj.com\/articles\/as-u-k-battles-to-contain-coronavirus-boris-johnson-remains-in-hospital-11586177542?mod=hp_lead_pos1\">Wall Street Journal<\/a>, <a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-britain\/uk-pm-johnson-moved-to-intensive-care-as-covid-19-symptoms-worsen-idUSKBN21O0DQ\">Reuters<\/a>, and the <a href=\"https:\/\/www.nytimes.com\/2020\/04\/06\/world\/coronavirus-live-news-updates.html#link-65e5e4d4\">New York Times<\/a>.<\/p><p><strong>Europe plans for a post-covid future:<\/strong> European governments are drawing up plans for easing lockdown restrictions for businesses and schools without causing a second wave of covid-19 infections, the <a href=\"https:\/\/www.ft.com\/content\/1fa5ae87-b3b6-4708-b9c5-58d2077b8d95\">Financial Times reports<\/a>. This is unlikely to happen for several weeks, and will require a massive increase in testing capacity, along with rigorous contact tracing. Experts also fear it may undermine key messages about the importance of continued social distancing.<\/p><p><strong>Austria is the first European country to provide a timetable for restarting the economy,<\/strong> with small shops due to open as early as next week, the <a href=\"https:\/\/www.ft.com\/content\/d7025074-496e-4609-84c3-22c000cc41d6\">Financial Times reports<\/a>. Higher risk businesses are likely to reopen from 1 May.<\/p><p><strong>America\u2019s Inovio Pharma is starting covid-19 vaccine testing on 40 healthy volunteers <\/strong>in Missouri after it obtained Food and Drug Administration permission for the study on Monday, <a href=\"https:\/\/apnews.com\/c2b4acdc231a79d1dfb26bff7dca96bf\">according to the Associated Press<\/a>. If successful, it would still take over a year before the vaccine could be widely distributed. Inovio is the second US drugmaker to start potential vaccine testing, after <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/614ecd0d-5308-45f6-8e14-550b6d75302d\">Moderna announced<\/a> it would begin testing this month.<\/p><p>In other international covid-19 news:<\/p><ul>\n<li><strong>Japanese Prime Minister Shinzo Abe is set to declare a state of emergency<\/strong> <strong>for Tokyo and six other prefectures today<\/strong> but is not yet imposing any hard lockdowns, <a href=\"https:\/\/apnews.com\/39e8c694ce59dfd2e4092a3ca09db2b5\">AP reports<\/a>. The government is also launching a JPY 108 tn (USD 1 tn) stimulus package, double what was initially expected.<\/li>\n<li><strong>The Spanish government is working to introduce universal basic income as<\/strong> <strong>soon as possible<\/strong> to support families, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-04-05\/spanish-government-aims-to-roll-out-basic-income-soon?sref=mmeFTDW1\">Bloomberg reports<\/a>, quoting the country\u2019s economy minister.<\/li>\n<\/ul><p class=\"web-image stand-out-borderless\"><a href=\"http:\/\/somabay.com\/\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/Diving-Web.png?ssl=1\" alt=\"enterprise\"><\/a><\/p><p><strong>The global economy is already contracting and is falling at a faster rate than <\/strong><strong>during the opening salvo of the 2007-08 financial crisis<\/strong>, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-04-06\/global-gdp-tracker-shows-recession-started-in-march-chart?srnd=premium&amp;sref=mmeFTDW1\">Bloomberg Economics\u2019 GDP tracker<\/a>. Global economic output fell 0.5% at an annualized rate in March, down from 0.1% in February and 4.2% in January, the tracker shows.<\/p><p><strong>Meanwhile, JP Morgan is considering suspending dividend payments for the first time in <\/strong><strong>its history<\/strong> if the worst-case recessionary scenario \u2014 which would see the US\u2019 economy shrink 25% in 2Q2020 and unemployment rising to 14% \u2014 plays out, <a href=\"https:\/\/www.ft.com\/content\/6e8a3be0-7a03-4ff3-8086-a26fa9632f67\">according to the FT<\/a>.<\/p><p><strong>Lawyers are bracing themselves for investor claims against unsuccessful margin calls:<\/strong> Equity investors who had lost from questionable margin calls are drawing up claims against bankers who some lawyers allege give very little refinancing flexibility, resulting in hefty losses, <a href=\"https:\/\/www.ft.com\/content\/a64a1535-f518-4465-b67f-44b19aa97ff3\">says the Financial Times<\/a>. The magnitude of claims to recoup losses could potentially exceed those filed during the financial crisis, lawyers expect.<\/p><p><strong>Europe can now borrow USD at negative rates after FX swap costs plunge: <\/strong>The cost of swapping EUR and GBP for USD has fallen back to negative territory after having risen to 2011 European crisis era levels earlier in the covid-19 fallout, <a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-dollar-funding\/dollar-costs-plunge-in-fx-swap-markets-still-elevated-onshore-idUSKBN21O0TJ\">according to Reuters<\/a>. This is an unusual turn of events given that a premium for the USD has been prominent in FX swap markets since the financial crisis. Despite the decrease in borrowing costs on swaps, the cost remains high within the US interbank system, a discrepancy showing that \u201cthere is still a credit risk or a liquidity shortage in the market,\u201d Monex Europe forex broker Simon Harvey said.<\/p><p><strong>Emaar Properties has cut executive and staff salaries across its Dubai<\/strong> <strong>businesses,<\/strong> effective 1 April, for an indefinite period, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-04-06\/dubai-s-emaar-slashes-salaries-up-to-50-as-chairman-forgoes-pay?srnd=premium-middle-east&amp;sref=mmeFTDW1\">Bloomberg reports<\/a>. Senior management will see a 50% reduction, while middle management wages will be down 40% and junior staff down 30%. Chairman Mohamed Alabbar will completely forgo his salary.<\/p><hr class=\"grey-line\"><p><strong>Is an end to the oil war within arm\u2019s reach?<\/strong> In what could be the first step to ending a months-long oil war between Russia and Saudi Arabia, Moscow has signaled it could reduce its oil production \u201csubstantially\u201d to prop up oil prices ahead of a planned Opec+ meeting today, <a href=\"https:\/\/www.reuters.com\/article\/us-oil-opec-russia-cuts\/russia-is-ready-for-substantial-oil-output-cuts-two-sources-idUSKBN21O255\">Reuters reports<\/a>, citing two Russian sources. Russian President Vladimir Putin had previously said that Opec+ cuts could reach 10 mn bbl\/d, but government and industry sources tell the newswire this may not be enough to steady the global oil market given the weak demand hit by the covid-19 outbreak.<\/p><p><em>Correction (07\/04\/2020): A previous version of this article incorrectly stated that Orascom Investment Holding had cut the salaries of employees at its tourism businesses by 50%.<\/em><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/boris-johnson\/\">Boris Johnson<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/centamin\/\">Centamin<\/a>\n                <!-- <span 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Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/04\/07\/postponement-of-businesses-tax-payment-deadline-tops-egypts-talk-show-coverage\/\">\r\n                            Postponement of businesses\u2019 tax payment deadline tops Egypt\u2019s 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\" 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\/07\/postponement-of-businesses-tax-payment-deadline-tops-egypts-talk-show-coverage\/\" target=\"_blank\">\n       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href=\"https:\/\/enterpriseam.com\/egypt\/2020\/04\/07\/postponement-of-businesses-tax-payment-deadline-tops-egypts-talk-show-coverage\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-570592\" class=\"content-area-description single-story post-570592 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-abdel-fattah-el-sisi tag-aviation tag-covid-19 tag-enterprise-last-nights-talk-shows tag-enterpriseam tag-finance-ministry tag-manpower-ministry tag-tax tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Last night\u2019s talk shows were awash with coverage and commentary on President Abdel<\/strong><strong> Fattah El Sisi\u2019s decree pushing the tax payment deadline<\/strong> for businesses and providing support for the tourism and civil aviation industries.<\/p>\n<p><strong>Ittihadiya spokesman Bassam Rady took to the airwaves to give the talking heads the lowdown on the decision<\/strong>, which we break down in this morning\u2019s Speed Round, below. Rady had a chat with Al Kahera Alaan\u2019s Lamees El Hadidi (<a href=\"https:\/\/www.youtube.com\/watch?v=kgXLxh0xjo0\">watch, runtime: 10:22<\/a>) and El Hekaya\u2019s Amr Adib (<a href=\"https:\/\/www.youtube.com\/watch?v=vExcpjm9qB8\">watch, runtime: 8:23<\/a>). Masaa DMC\u2019s Eman El Hosary (<a href=\"https:\/\/www.youtube.com\/watch?v=RBGUrk6pN-0\">watch, runtime: 1:29<\/a>) and Min Masr\u2019s Reham Ibrahim (<a href=\"https:\/\/www.youtube.com\/watch?v=ySUXW5aBjs8\">watch, runtime: 5:05<\/a>) also took note of the president\u2019s decree.<\/p>\n<p><strong>An EGP 500 mn monthly stipend the state will pay day laborers in each of the coming three months will cost state coffers some EGP 1.5 bn<\/strong>, Manpower Minister Mohamed Saafan told \u2018Ala Mas\u2019ouleety\u2019s Ahmed Moussa. The three-month allowance, which is part of the bundle of decisions El Sisi issued yesterday, will be disbursed to 1.5 mn workers who have registered with the ministry (<a href=\"https:\/\/www.youtube.com\/watch?v=rYa5vt992cw\">watch, runtime 3:12<\/a>)<\/p>\n<p><strong>Tax holidays for tourism companies and loans for airlines were specifically designed to avoid layoffs in these industries<\/strong>, Tourism Minister Khaled Enany told Moussa, saying that companies that still lay off workers could face penalties (<a href=\"https:\/\/www.youtube.com\/watch?v=ZOOTiIY4bMQ\">watch, runtime 5:28<\/a>).<\/p>\n<p><strong>The Health Ministry\u2019s daily covid-19 update<\/strong> was also featured on Al Kahera Alaan (<a href=\"https:\/\/www.youtube.com\/watch?v=l41XfOsGwas\">watch, runtime: 1:20<\/a>), Masaa DMC (<a href=\"https:\/\/www.youtube.com\/watch?v=9sQWkqfF04A\">watch, runtime: 1:07<\/a>), and Min Masr (<a href=\"https:\/\/www.youtube.com\/watch?v=D3EaDJbrTiY\">watch, runtime: 4:40<\/a>). We have the details in What We\u2019re Tracking Today, above.<\/p>\n<p><strong>Spotlight on the Breathe campaign:<\/strong> Jenan Sheta had a chat with Lamees to detail how she and her two sisters decided to launch the Breathe campaign to help acquire ventilators for Egyptian hospitals. The campaign, which is the pilot project of the Sheta sisters\u2019 charity startup, HumanKind, has so far raised money for 30 ventilators, of which 12 have already been delivered to hospitals (<a href=\"https:\/\/www.youtube.com\/watch?v=RwNA57nN7ng&feature=youtu.be\">watch, runtime: 8:14<\/a>).<\/p>\n<p>Also on the airwaves last night:<\/p>\n<p>Lamees took note of the <strong>death of New Giza Chairman Mansour El Gammal<\/strong> (<a href=\"https:\/\/www.youtube.com\/watch?v=SqSEKixsy6o\">watch, runtime:<\/a><a href=\"https:\/\/www.youtube.com\/watch?v=SqSEKixsy6o\">0:28<\/a>). Stories in <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1838182\">Al Masry Al Youm<\/a> and <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=06042020&id=fa48e357-783f-44ea-bd1c-8b4546576f1c\">Al Shorouk<\/a> report that El Gammal died of acute pneumonia secondary to a covid-19 infection, while <a href=\"https:\/\/www.youm7.com\/story\/2020\/4\/6\/%D9%88%D9%81%D8%A7%D8%A9-%D8%B1%D8%AC%D9%84-%D8%A7%D9%84%D8%A3%D8%B9%D9%85%D8%A7%D9%84-%D9%85%D9%86%D8%B5%D9%88%D8%B1-%D8%A7%D9%84%D8%AC%D9%85%D8%A7%D9%84-%D8%A8%D8%B9%D8%AF-%D8%B5%D8%B1%D8%A7%D8%B9-%D9%85%D8%B9-%D8%A7%D9%84%D9%85%D8%B1%D8%B6\/4710061\">Youm7<\/a> reports only that he passed after a long illness.<\/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\/aviation\/\">aviation<\/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\/finance-ministry\/\">Finance Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manpower-ministry\/\">Manpower Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tax\/\">tax<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"570593\" 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=\"570593\">\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\/07\/businesses-are-getting-a-breather-with-two-month-extension-on-the-deadline-to-pay-income-taxes\/\">\r\n                            Businesses are getting a breather with two-month extension on the deadline to pay income taxes                        <\/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\/07\/businesses-are-getting-a-breather-with-two-month-extension-on-the-deadline-to-pay-income-taxes\/\" 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\/07\/businesses-are-getting-a-breather-with-two-month-extension-on-the-deadline-to-pay-income-taxes\/')\">\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\/07\/businesses-are-getting-a-breather-with-two-month-extension-on-the-deadline-to-pay-income-taxes\/\">\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=Businesses are getting a breather with two-month extension on the deadline to pay income taxes&url=https:\/\/enterpriseam.com\/egypt\/2020\/04\/07\/businesses-are-getting-a-breather-with-two-month-extension-on-the-deadline-to-pay-income-taxes\/\">\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\/07\/businesses-are-getting-a-breather-with-two-month-extension-on-the-deadline-to-pay-income-taxes\/&title=Businesses are getting a breather with two-month extension on the deadline to pay income taxes\">\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=Businesses+are+getting+a+breather+with+two-month+extension+on+the+deadline+to+pay+income+taxes+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F04%2F07%2Fbusinesses-are-getting-a-breather-with-two-month-extension-on-the-deadline-to-pay-income-taxes%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\/07\/businesses-are-getting-a-breather-with-two-month-extension-on-the-deadline-to-pay-income-taxes\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/58.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"570594\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/04\/07\/businesses-are-getting-a-breather-with-two-month-extension-on-the-deadline-to-pay-income-taxes\/58-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/58.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"58.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/58.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/58.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-570593\" class=\"content-area-description single-story post-570593 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round tag-egyptian-businessmen-association tag-enterpriseam tag-finance-ministry tag-mohamed-maait tag-mostafa-madbouly tag-speed-round wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>Businesses are getting a breather with a two-month extension on the deadline to pay <\/strong><strong>income taxes<\/strong> under a decree issued by President Abdel Fattah El Sisi yesterday that extends the final deadline for payment to 30 June. The decree will allow businesses to pay in three installments, <a href=\"https:\/\/bit.ly\/3bX9xRP\">Ittihadiya<\/a> said in a statement yesterday. The deadline for companies to file and pay taxes was previously 30 April, and the government extended last month the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bce083c8-5ec4-4320-8a4b-37500f241595\">filing deadline for individuals<\/a> to 16 April. <strong>El Sisi\u2019s decree also pushes by three months the deadline for corporate real estate taxes. <\/strong><\/p>\n<p><strong>There will be no interest, fines, or late fees <\/strong>for anyone choosing to pay by 30 June.<\/p>\n<p><strong>It\u2019s both a helping hand to business and a form of stimulus: <\/strong>The two measures are not just pro-business at a time in which many auditors and finance teams are struggling to complete closing paperwork amid work from home \u2014 it is a <strong>form of stimulus and gives businesses a lifeline <\/strong>by allowing them to retain cash for a longer period of time. <strong>The United States, Canada and the UK had previously gone down similar routes <\/strong>and extended both filing and payment deadlines.<\/p>\n<p><strong>Waiting for more details from the Tax Authority: <\/strong>Businesses will be waiting to hear from the Tax Authority on the required size of payments (must they be equal, or can you back-load them) as well as on whether any of the measures include value-added tax (VAT). Businesses will also want to know whether 30 June is the final date for filing tax returns or whether they\u2019re due earlier.<\/p>\n<p><strong>Hotels and other businesses in the tourism industry are getting a three-month extension <\/strong><strong>of their tax deadline<\/strong>, also with no penalties or late fees, as the government looks to shield the industry that is so far taking the worst hit from the virus outbreak. Hotels and other establishments in the tourism industry will <strong>also get a full six-month holiday on their real estate taxes<\/strong> \u2014 meaning they will never have to remit taxes for that six-month period.<\/p>\n<p><strong>Businesses were lobbying for the government to give them space to manoeuvre on <\/strong><strong>taxes.<\/strong> El Sisi\u2019s tax decision followed a virtual meeting Finance Minister Mohamed Maait held with several members of the business community to look into proposals to push the tax deadline by two months and to give factories a real estate tax holiday, <a href=\"https:\/\/ent.news\/2020\/4\/FinMin-Official-Businessmen-Statement.pdf\">according to a ministry statement (pdf)<\/a>.<\/p>\n<p><strong>More support for civil aviation, exporters, irregular workers:<\/strong> The president also ordered his government to:<\/p>\n<ul>\n<li>Make available <strong>loans with a two-year grace period for the aviation industry<\/strong> as part of a wider bailout package, which has effectively ground to a halt after the suspension of international flights;<\/li>\n<li>Have the <strong>Export Subsidy Fund disburse at least 30% of overdue subsidies<\/strong>, with each company receiving at least EGP 5 mn apiece;<\/li>\n<li><strong>Day laborers will receive a EGP 500 monthly salary for three months<\/strong>. The Manpower Ministry had previously said it would disburse EGP 500 to each seasonal worker as a one-time compensation for lost income due to covid-19.<\/li>\n<\/ul>\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\/egyptian-businessmen-association\/\">Egyptian Businessmen Association<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/finance-ministry\/\">Finance Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mohamed-maait\/\">Mohamed Maait<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mostafa-madbouly\/\">Mostafa Madbouly<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/speed-round\/\">SPEED ROUND<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"570604\" 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=\"570604\">\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\/07\/egypt-in-the-news-on-7-april\/\">\r\n                            Egypt in the news on 7 April                        <\/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\/07\/egypt-in-the-news-on-7-april\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            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                <!-- <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\/07\/egypt-in-the-news-on-7-april\/&title=Egypt in the news on 7 April\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+in+the+news+on+7+April+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F04%2F07%2Fegypt-in-the-news-on-7-april%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\/07\/egypt-in-the-news-on-7-april\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-570604\" class=\"content-area-description single-story post-570604 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-egypt-in-the-news tag-enterpriseam tag-new-administrative-capital tag-population-growth wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Headlines to skim on an otherwise quiet morning for Egypt in the foreign press:<\/p>\n<ul>\n<li><strong>Work on Egypt\u2019s megaprojects has resumed, with construction workers returning<\/strong><strong> this week<\/strong> to sites in the new administrative capital and a new coastal city, <a href=\"https:\/\/www.thenational.ae\/world\/mena\/egypt-s-construction-workers-return-to-sites-in-balancing-act-between-deadly-virus-and-tanking-economy-1.1002429\">the National reports<\/a>.<\/li>\n<li><strong>Curfew puts family planning programs to the test:<\/strong> Egypt\u2019s efforts to encourage family planning through campaigns such as \u201cTwo is Enough\u201d could be undermined as families spend more hours at home due to the curfew, <a href=\"https:\/\/www.al-monitor.com\/pulse\/originals\/2020\/04\/egypts-married-with-two-kids-policies-succumb-to-covid.html\">Al Monitor reports<\/a>.<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-in-the-news\/\">Egypt in the News<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/new-administrative-capital\/\">new administrative capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/population-growth\/\">population growth<\/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=\"570605\" 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=\"570605\">\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\/07\/a-new-world-order-12-leading-global-thinkers-envisage-life-after-covid-19\/\">\r\n                            A new world order? 12 leading global thinkers envisage life after covid-19                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/04\/07\/a-new-world-order-12-leading-global-thinkers-envisage-life-after-covid-19\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2020\/04\/07\/a-new-world-order-12-leading-global-thinkers-envisage-life-after-covid-19\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2020\/04\/07\/a-new-world-order-12-leading-global-thinkers-envisage-life-after-covid-19\/\">\n                    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global thinkers envisage life after covid-19\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=A+new+world+order%3F+12+leading+global+thinkers+envisage+life+after+covid-19+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F04%2F07%2Fa-new-world-order-12-leading-global-thinkers-envisage-life-after-covid-19%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/04\/07\/a-new-world-order-12-leading-global-thinkers-envisage-life-after-covid-19\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/64.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"570606\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/04\/07\/a-new-world-order-12-leading-global-thinkers-envisage-life-after-covid-19\/64-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/64.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"64.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/64.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/64.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-570605\" class=\"content-area-description single-story post-570605 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-reading tag-china tag-enterpriseam tag-globalization tag-protectionism tag-supply-chain tag-us tag-worth-reading wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>A new world or<\/strong><strong>der? 12 leading global thinkers envisage life after covid-19:<\/strong> The long-term economic and social impact of covid-19 will be profound and far-reaching, likely to deepen existing fissures in our globally interconnected world, says <a href=\"https:\/\/foreignpolicy.com\/2020\/03\/20\/world-order-after-coroanvirus-pandemic\/\">this Foreign Policy piece<\/a>. The key takeaways:<\/p>\n<p><strong>Globalization will come under fire<\/strong>, with fears about the fragility of global supply chains meaning more reliance on domestic resources. This could mean greater supply stability and a reduction in carbon emissions, but could also bring a rise in protectionism \u2014 at least in the short term \u2014 as national interests trump European integration, Chinese-American relations, and the commitment to tackle global problems such as climate change.<\/p>\n<p><strong>An inevitable shift away from the US and towards China:<\/strong> US leadership has been tested and found wanting during the covid-19 crisis, and this is likely to accelerate the rise of power and influence in East Asia, particularly China. If the US wants to remain competitive and protect its security, it will firstly need to put aside its trade war and cooperate with China, says Mahbubani, and secondly think in much broader terms than its current strategy of acting alone.<\/p>\n<p><strong>Some small glimpses of hope:<\/strong> Individual and collective examples of human courage, resilience and leadership are the best reasons for hope at a time when fear abounds, says Nicholas Burns. These may be channelled into better healthcare provision, more resilient supply chain models, and a recognition that multilateral collaboration on big, global issues is in everyone\u2019s interests, some of the writers say. Though we are likely to see more sweeping waves of nationalism and great-power rivalry, G. John Ikenberry holds out hope that in time we may also see a countermovement, as in the 1930s and 40s, towards \u201cpragmatic and protective internationalism.\u201d<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/globalization\/\">globalization<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/protectionism\/\">protectionism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/supply-chain\/\">supply chain<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us\/\">US<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <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=\"570607\" 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=\"570607\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/04\/07\/eetc-postpones-egyptian-saudi-electric-line-tender-due-to-covid-19\/\">\r\n                            EETC postpones Egyptian-Saudi electric line tender due to covid-19                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/04\/07\/eetc-postpones-egyptian-saudi-electric-line-tender-due-to-covid-19\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2020\/04\/07\/eetc-postpones-egyptian-saudi-electric-line-tender-due-to-covid-19\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2020\/04\/07\/eetc-postpones-egyptian-saudi-electric-line-tender-due-to-covid-19\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=EETC postpones Egyptian-Saudi electric line tender due to covid-19&url=https:\/\/enterpriseam.com\/egypt\/2020\/04\/07\/eetc-postpones-egyptian-saudi-electric-line-tender-due-to-covid-19\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2020\/04\/07\/eetc-postpones-egyptian-saudi-electric-line-tender-due-to-covid-19\/&title=EETC postpones Egyptian-Saudi electric line tender due to covid-19\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=EETC+postpones+Egyptian-Saudi+electric+line+tender+due+to+covid-19+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F04%2F07%2Feetc-postpones-egyptian-saudi-electric-line-tender-due-to-covid-19%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/04\/07\/eetc-postpones-egyptian-saudi-electric-line-tender-due-to-covid-19\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-570607\" class=\"content-area-description single-story post-570607 post type-post status-publish format-standard hentry category-energy tag-covid-19 tag-eetc tag-electricity tag-energy tag-enterpriseam tag-pandemic tag-saudi-arabia wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The Egyptian Electricity Transmission Company (EETC) is pushing by up to 40 days the window for companies to submit bids in the tender for the construction of Egypt\u2019s <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/10\/egypt-and-saudi-arabia-to-sign-electricity-interconnection-project-by-may-2020-8165\/\">electricity interconnection project with Saudi Arabia<\/a> due to the covid-19 pandemic, <a href=\"https:\/\/bit.ly\/2RgZkYv\">reports the local press<\/a>. An initial tender was scrapped after the <a href=\"https:\/\/enterprise.press\/stories\/2019\/04\/21\/eetc-receives-new-route-for-usd-2-5-bn-egypt-saudi-electricity-project-3\/\">electric line plan was changed<\/a> due to Saudi Arabia\u2019s addition of its futuristic city project, Neom.<\/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\/eetc\/\">EETC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/electricity\/\">electricity<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pandemic\/\">pandemic<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/saudi-arabia\/\">Saudi Arabia<\/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=\"570609\" 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=\"570609\">\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\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/04\/07\/the-market-yesterday-67\/\">\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\/07\/the-market-yesterday-67\/\" 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 up 1.7%. EGX30\u2019s top performing constituents were Egyptian Resorts up 7.2%, Heliopolis Housing up 6.8%, and EFG Hermes up 6.5%. Yesterday\u2019s worst performing stocks were Telecom Egypt down 1.4% and Credit Agricole down 1.0%. The market turnover was EGP 778 mn, and domestic investors were the sole net buyers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Short | EGP -232.5 mn<br \/>\n <strong>Regional<\/strong>: Net Short | EGP -18.0 mn<br \/>\n <strong>Domestic<\/strong>: Net Long | EGP +250.5 mn<\/p>\n<p><strong>Retail<\/strong>: 43.9% of total trades | 50.2% of buyers | 37.5% of sellers<br \/>\n <strong>Institutions<\/strong>: 56.1% of total trades | 49.8% of buyers | 62.5% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 27.02 (+3.60%)<br \/>\n <strong>Brent:<\/strong> USD 33.90 (+2.57%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 1.77 MMBtu, (+2.43%, May 2020 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,715.70 \/ troy ounce (+1.29%)<\/p>\n<p><strong>TASI:<\/strong> 6,860.92 (+1.61%) (YTD: -18.22%)<br \/>\n <strong>ADX:<\/strong> 3,722.94 (+1.26%) (YTD: -26.65%)<br \/>\n <strong>DFM:<\/strong> 1,691.66 (+0.57%) (YTD: -38.82%)<br \/>\n <strong>KSE Premier Market:<\/strong> 5,075.85 (+0.3%)<br \/>\n <strong>QE:<\/strong> 8,707.16 (+2.62%) (YTD: -16.48%)<br \/>\n <strong>MSM:<\/strong> 3,400.94 (+0.45%) (YTD: -14.57%)<br \/>\n <strong>BB: <\/strong>1,310.15 (-0.92%) (YTD: -18.63%)<\/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=\"570610\" 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\/07\/570610\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-570610\" class=\"content-area-description single-story post-570610 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":570589,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-570588","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"fe6406cf-b147-4758-8dd7-844afbc44332","teaser":"","photo_url":"https:\/\/ent.news\/2020\/4\/52.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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