{"id":571045,"date":"2020-04-28T03:32:46","date_gmt":"2020-04-28T03:32:46","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=571045"},"modified":"2025-12-16T07:47:51","modified_gmt":"2025-12-16T07:47:51","slug":"corporate-egypt-gets-an-f-for-gender-parity-on-boards","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/corporate-egypt-gets-an-f-for-gender-parity-on-boards\/","title":{"rendered":"Corporate Egypt gets an \u201cF\u201d for gender parity on boards"},"content":{"rendered":"<section id=\"571047\" 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=\"571047\">\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\/28\/what-were-tracking-on-28-april-2020\/\">\r\n                            What we\u2019re tracking on 28 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\/28\/what-were-tracking-on-28-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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Prime Minister Moustafa Madbouly did not disclose the size of Egypt\u2019s funding request to the lender, but analysts expect the figure to range between USD 2.8 bn and USD 4 bn.<\/p><p><a id=\"tldr-story-05\" class=\"content-anchor\"><\/a> <strong>BIG NEWS ABROAD- There are (very early) suggestions that the first several mn doses<\/strong> <strong>of a vaccine could be available in September. <\/strong>\u201cIn the worldwide race for a vaccine to stop the coronavirus, the laboratory sprinting fastest is at Oxford University,\u201d former NYT Cairo bureau chief <a href=\"https:\/\/www.nytimes.com\/2020\/04\/27\/world\/europe\/coronavirus-vaccine-update-oxford.html\">David Kirkpatrick writes for the Gray Lady this morning<\/a>, noting that researchers at the Jenner Institute \u201cnow say that with an emergency approval from regulators, the first few mn doses of their vaccine could be available by September\u201d \u2014 if it works. The Oxford team expects to kick off mass clinical trials of their vaccine by the end of May.<\/p><p><strong>Why is the Oxford team so optimistic its vaccine might work? <\/strong>Because scientists in the US last month \u201cinoculated six rhesus macaque monkeys with single doses of the Oxford vaccine. The animals were then exposed to heavy quantities of the virus that is causing the pandemic \u2014 exposure that had consistently sickened other monkeys in the lab. But more than 28 days later all six were healthy.\u201d <strong>The story comes as the global case count for covid-19 broke the 3 mn barrier overnight<\/strong>.<\/p><p><strong>Big news to start a very, very slow newsday<\/strong> \u2014 you\u2019re reading what we figure is the shortest issue of Enterprise in \u2026 three or more years.<\/p><hr class=\"grey-line\"><p><strong>MORNING MUST-READ- <\/strong><strong><a href=\"https:\/\/www.ft.com\/content\/606d1460-83c6-11ea-b555-37a289098206\">It\u2019s time for companies to shift from \u201cjust in time\u201d to \u201cjust in<\/a><\/strong><strong><a href=\"https:\/\/www.ft.com\/content\/606d1460-83c6-11ea-b555-37a289098206\">case,\u201d<\/a><\/strong> the Financial Times\u2019 editorial board writes. In the pursuit of \u201cmaximum shareholder value\u201d and \u201cefficiency,\u201d businesses have \u201csacrificed robustness, resilience and effectiveness. In many cases, they will turn out to have sacrificed the business itself.\u201d<\/p><p><strong>Investors are going to \u201cshun fragile business models. <\/strong>Equity and bond markets are already discriminating sharply in favour of fundraising requests from companies with strong balance sheets and high credit ratings.\u201d Winners could be those who are not just robust and flexible, but actively \u201canti-fragile\u201d \u2014 outfits that can thrive and grow on chaos, if you want to oversimplify Nassim Nicholas Taleb\u2019s <strong><a href=\"https:\/\/www.amazon.com\/Antifragile-Things-That-Disorder-Incerto-ebook\/dp\/B0083DJWGO\/\">Antifragile: Things That Gain from Disorder<\/a><\/strong>.<\/p><p><strong>Got fasting<\/strong><strong> brain and not in the mood to read Antifragile?<\/strong> Start with this video of a presentation and panel discussion featuring Taleb back in 2013 (<a href=\"https:\/\/www.youtube.com\/watch?v=k4MhC5tcEv0\">watch, runtime: 19:19<\/a>) or this longer presentation by Taleb Microsoft Research (<a href=\"https:\/\/www.youtube.com\/watch?v=BaU7Sxk6Yk4\">watch, runtime: 1:05:53<\/a>). Got time? Watch the longer talk.<\/p><hr class=\"grey-line\"><p><strong>The markets this morning: <\/strong>Asian markets are down in early trading this morning and futures at dispatch time suggest Europe will open in the green and US shares in the red later today. The EGX30 closed flat yesterday with total turnover of about EGP 1 bn, or 51% above the trailing 90-day average.<\/p><p><strong>So, when do we eat? <\/strong>Maghrib prayers are at 6:31pm and you\u2019ll have until 3:40am to finish caffeinating. Fajr is coming one minute earlier every day through the end of the Holy Month.<\/p><p><strong>COVID-19 IN EGYPT-<\/strong><\/p><p><a id=\"tldr-story-03\" class=\"content-anchor\"><\/a> <strong>Egypt has now identified a total of 4,782 confirmed cases of covid-19<\/strong> after <a href=\"https:\/\/bit.ly\/2y6BZ5x\">the Health<\/a><a href=\"https:\/\/bit.ly\/2y6BZ5x\">Ministry reported<\/a> 248 new infections yesterday. The ministry also said that another 20 people had died from the virus, <strong>the highest single-day death toll to date<\/strong>, taking the total number of deaths since the outbreak began to 337. We now have a total of 1,602 confirmed cases that have since tested negative for the virus after being hospitalized or isolated, of whom 1,236 have fully recovered.<\/p><p><strong>A journalist for Al Khamis newspaper is among the dead<\/strong>, State Information Service and Journalists\u2019 Syndicate chief Diaa Rashwan said. <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1972569\">Al Masry Al Youm<\/a> has the story.<\/p><p><strong>The Coptic church has reported two clergy members <\/strong>are the first church officials to have been infected with the virus that causes covid-19, <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/368120\/Egypt\/Politics-\/Egypts-Coptic-Orthodox-Church-announces-firstever-.aspx\">Ahram Online<\/a> writes.<\/p><p><strong>The Foreign Ministry has resumed notary services as of Sunday<\/strong> following Prime Minister Moustafa Madbouly\u2019s decision last week to relax some covid-19 restrictions throughout Ramadan, <a href=\"https:\/\/alborsaanews.com\/2020\/04\/27\/1327872\">according to the local press<\/a>. The office provides authentication services for Egyptian documents that need to be submitted to foreign agencies and institutions, such as diplomas and marriage certificates.<\/p><p><strong>Some Justice Ministry registry offices are also now open<\/strong>, but offering a limited list of services.<\/p><p><strong>Still closed:<\/strong> Passport services for nationals as well as visa and work permits for foreign residents.<\/p><p><strong>The Egyptian Businessmen's Association is lobbying Cabinet for a raft of measures to <\/strong><strong>support businesses <\/strong>struggling with the impact of the covid-19, <a href=\"https:\/\/hapijournal.com\/?p=78354\">according to Hapi Journal<\/a>. Among the measures proposed by the association:<\/p><ul>\n<li>Postponing payments on land plots for real estate developers for six months and extending the completion deadlines of real estate projects one year;<\/li>\n<li>Charging a single, unified price for natural gas regardless of industry;<\/li>\n<li>Allowing tech-focused companies to apply for help under the Central Bank of Egypt's stimulus package and SME support initiative;<\/li>\n<li>Imposing measures to curb imports of products that have domestic alternatives and take a tighter approach on the anti-dumping front;<\/li>\n<li>Collecting dues from foreign tour operators to Egyptian companies and hotels.<\/li>\n<\/ul><p><strong>Nestl\u00e9 Egypt has temporarily suspended operations at <\/strong>one of its 6 October factories after confirming cases of covid-19 among factory employees, <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1972480\">according to Al Masry Al Youm<\/a>. The company is disinfecting its facility and will resume work as soon as possible.<\/p><p><strong>Some 2.5 mn day laborers have received the first of three <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/27ec0299-b9cb-4e38-b0ac-85fe8a128122\">EGP 500 monthly stipends<\/a><\/strong> ordered as part of the national bailout package for covid-19, Manpower Minister Mohamed Saafan <a href=\"https:\/\/www.mena.org.eg\/news\/dbcall\/table\/webnews\/id\/8410986\">told MENA<\/a>. Distribution of the second of the three payments started yesterday. The ministry has also disbursed EGP 57 mn to 48k workers in the tourism industry from its emergency fund, a cabinet <a href=\"https:\/\/bit.ly\/3eV1mrA\">statement<\/a> said.<\/p><p><strong>The domestic press <\/strong><strong><a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/368093\/Egypt\/Politics-\/Egypt-revokes-Sharm-ElSheikh-hotel-license-over-co.aspx\">gave wide attention yesterday<\/a><\/strong><strong> to the Tourism Ministry\u2019s decision to <\/strong><strong>yank the license of an unnamed hotel in Sharm El Sheikh<\/strong> for allegedly having laid off workers despite having been directed to stay at full employment and seek bailout funding from the government.<\/p><p><strong>DONATIONS- <\/strong><\/p><p><strong>DHL Egypt is teaming up with Baheya Cancer Hospital<\/strong> to deliver meds and other supplies to cancer patients at home, <a href=\"https:\/\/ent.news\/2020\/4\/DHL_Baheya_PRL_Eng.pdf\">according to a statement (pdf)<\/a>. The partnership is meant to protect patients from the risk of covid-19 infection.<\/p><hr class=\"grey-line\"><p><strong>IN OUR REGION-<\/strong><\/p><p><strong>The impact of falling oil prices is ricocheting around the Middle East<\/strong>, the <a href=\"https:\/\/apnews.com\/c59fda324fe68c48968f05278bce8137\">Associated Press<\/a> writes, saying that Iraq is risks further bouts of social unrest as it plans severe cutbacks to social programs, Saudi crown prince Mohamed bin Salman\u2019s reform ambitions have come to a juddering halt, and remittances to Egypt, Jordan and Lebanon from Gulf workers are under threat.<\/p><p><strong>Protesters in Lebanon\u2019s Tripoli smashed bank storefronts <\/strong>and set at least one on fire in protests overnight that <a href=\"https:\/\/www.reuters.com\/article\/us-lebanon-crisis-tripoli\/banks-smashed-as-protests-turn-violent-in-lebanons-tripoli-idUSKCN22A00R?il=0\">Reuters<\/a> says were \u201cfuelled by Lebanon\u2019s economic crisis.\u201d Banks in the city are shut starting today \u201cuntil security is restored.\u201d<\/p><p><strong>Prepare for more unrest:<\/strong> The disruption is likely to give way to destabilization in the hardest hit countries in the Middle East, with Algeria, Iraq and Lebanon likely to face particularly incendiary responses from their publics, <a href=\"https:\/\/www.ft.com\/content\/6c346c85-8d01-4242-81f5-314a7db0958f\">Andrew England writes in the FT<\/a>. \u201cThe coronavirus has exposed the fragility of the social safety-net systems across the region,\u201d said Lina Khatib, head of the Middle East programme at Chatham House. \u201cCovid-19 has postponed the inevitable unrest to come.\u201d<\/p><p><strong>GCC countries are ready to flog state assets to prop up finances, Citi says<\/strong>, in bids to ease pressure on public finances, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-04-26\/citigroup-sees-asset-sales-boosting-47-billion-gulf-debt-binge?srnd=premium-middle-east&amp;sref=mmeFTDW1\">Bloomberg reports<\/a>. GCC countries have already sold USD 47 bn in bonds this year with more than half of that coming from Saudi Arabia, Qatar and Abu Dhabi in just the past month.<\/p><p><strong>ON THE GLOBAL FRONT-<\/strong><\/p><p><a id=\"tldr-story-07\" class=\"content-anchor\"><\/a> <strong>Think <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a2ecf97e-8c74-428f-843c-0559f5b1540f\">the recent IMF forecast<\/a><\/strong><strong> was bad? Bloomberg just went one step further:<\/strong> The global economy will contract by 4% this year, resulting in more than USD 6 tn in lost output, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-04-27\/global-6-trillion-slump-may-be-optimistic-bloomberg-economics?srnd=premium-europe&amp;sref=mmeFTDW1\">a Bloomberg Economics estimate<\/a>. The IMF earlier this month forecast global economic activity to fall 3% through 2020 but Bloomberg now warns of a deeper recession \u201cof unprecedented speed and severity.\u201d<\/p><p><strong>This apparently is the optimistic view:<\/strong> The estimate is based on the \u201coptimistic assumption\u201d that the economy begins to recover in the second half of the year. This is hardly a given though: As governments begin to relax the restrictions that have crippled economic activity the risk of a second wave of infections is high. This could cause the world economy to contract by an even deeper 5.6%, and if the policy responses are insufficient we could be looking at a staggering 7.2% drop in output. \u201c<strong>Governments should err on the side of doing too much stimulus. In the end, the cost of doing too little would be higher<\/strong>,\u201d the report says.<\/p><p><strong>And this is exactly what they\u2019re doing:<\/strong><\/p><ul>\n<li><strong>Bank of Japan takes a leaf from the Fed\u2019s playbook, promises unlimited bond-buying:<\/strong> The Bank of Japan yesterday pledged to buy unlimited amounts of government debt and expand corporate bond purchases fourfold in response to the \u201cgrave effect\u201d of the coronavirus on the Japanese economy, <a href=\"https:\/\/www.ft.com\/content\/7ba5c507-df9e-4107-87eb-73afa2c13e91\">the Financial Times reports<\/a>.<\/li>\n<li><strong>ECB expected to hoover up junk bonds:<\/strong> Economists expect the European Central Bank to expand its EUR 750 bn pandemic bond-buying programme to include high-yielding corporate debt, <a href=\"https:\/\/www.ft.com\/content\/41b3d01d-029b-469a-be4b-8b1967455472\">the FT says<\/a>.<\/li>\n<\/ul><hr class=\"grey-line\"><p><strong>US oil prices dipped again, with WTI June futures shedding nearly 24% to settle at USD<\/strong> <strong>12.78 yesterday<\/strong> after the world\u2019s biggest oil-backed exchange traded fund announced offloading short term contracts over price fears, <a href=\"https:\/\/www.ft.com\/content\/a8a7dc16-1a9a-48f9-9bfa-89269f94218a\">according to the Financial Times<\/a>. The United States Oil Fund said it has moved to dispose of all its futures for delivery in June.<\/p><p><strong>It\u2019s crazy enough out there that Egypt has just flipped to become a net exporter of<\/strong> <strong>gasoline: <\/strong>The Middle East Oil Refinery and the Egyptian General Petroleum Corporation are back in the spot market and are dumping gasoline cargoes into the Gulf, <a href=\"https:\/\/www.spglobal.com\/platts\/en\/market-insights\/latest-news\/oil\/042720-refinery-news-roundup-some-refineries-in-africa-halted-on-coronavirus\">S&amp;P Global Platts reports<\/a>, citing market sources. \u201cEgypt's transition from an importer to an exporter of gasoline comes as more severe measures have been taken to curb the spread of the coronavirus. Exacerbating matters for Egyptian refiners, Europe is facing a glut of motor fuel, and with Egyptian barrels often not meeting European specifications and the possibility of high sulfur, homes for the fuel are limited in the west, with storage east a possibility.\u201d<\/p><hr class=\"grey-line\"><p><strong>European banks are preparing for a deluge of non-performing loans<\/strong>, <a href=\"https:\/\/www.ft.com\/content\/1d9d862a-df05-47c1-8245-cf798127165f\">the FT reports<\/a>.<\/p><p><strong>Global aviation could take two or three years to recover<\/strong> to pre-pandemic levels, Boeing CEO David Calhoun said, <a href=\"https:\/\/www.wsj.com\/articles\/boeing-ceo-sees-slow-recovery-for-global-aviation-11587999081?mod=hp_lead_pos4\">according to the Wall Street Journal.<\/a><\/p><p><strong>EGYPT BEYOND COVID-<\/strong><\/p><p><strong>The House of Representatives\u2019 general assembly is set to begin discussing the Banking <\/strong><strong>and Central Bank Act next week<\/strong>, House Economic Committee member Rep. Hassan El Sayed told <a href=\"https:\/\/bit.ly\/2KCSMzV\">Al Mal<\/a>. The latest draft of the bill we saw came a long way from when it <a href=\"https:\/\/enterprise.press\/stories\/2019\/05\/15\/cbe-boss-presents-draft-banking-act-to-cabinet\/\">was proposed in 2017<\/a> and would <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b27d1a1d-3401-4106-be06-e847d751b484\">grant the Central Bank of Egypt<\/a> greater oversight of the sector, introduce measures governing e-payment, fintech businesses, and cryptocurrencies, and strengthen data protection and consumer privacy.<\/p><p><strong>It remains unclear whether a mooted <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/42053d84-4de9-4554-a2a6-65d51a72f045\">tithe on bank profits<\/a><\/strong><strong> to endow an industry <\/strong><strong>development fund<\/strong> will be part of the version of the legislation that goes before lawmakers next week.<\/p><p><strong>President Abdel Fattah El Sisi signed off yesterday on a three-month extension of the <\/strong><strong>nationwide state of emergency<\/strong>, <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1972647\">according to Al Masry Al Youm<\/a>. The House of Representatives had approved the extension earlier this month.<\/p><p><strong>AND IN THE REST OF THE WORLD-<\/strong><\/p><p><strong>Is North Korea getting its first woman ruler?<\/strong> Uncertainty surrounding the health of North Korean leader Kim Jong Un is spurring questions on whether the nation could see his sister become the first woman ruler, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-04-26\/will-a-woman-run-north-korea-kim-yo-jong-outshines-male-rivals?sref=mmeFTDW1\">Bloomberg<\/a>. The <a href=\"https:\/\/www.ft.com\/content\/d9659275-3ee9-46be-bae8-ad0e13b4ccf1\">Financial Times<\/a> also has a look at Kim Yo Jong, 32, writing that she \u201cwas a favourite of her father, late leader Kim Jong Il, who admired her intelligence\u201d who has been \u201cgroomed for power since her teens.\u201d<\/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\/bank-of-japan\/\">bank of japan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/bonds\/\">Bonds<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/corporate-bonds\/\">corporate 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data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"571049\" 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=\"571049\">\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\/28\/the-ramadan-slowdown-hits-egypts-airwaves\/\">\r\n                            The Ramadan slowdown hits Egypt\u2019s airwaves                        <\/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\/28\/the-ramadan-slowdown-hits-egypts-airwaves\/\" 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\/28\/the-ramadan-slowdown-hits-egypts-airwaves\/')\">\n                    Copy Link              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href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2020\/04\/28\/the-ramadan-slowdown-hits-egypts-airwaves\/&title=The Ramadan slowdown hits Egypt\u2019s airwaves\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=The+Ramadan+slowdown+hits+Egypt%E2%80%99s+airwaves+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F04%2F28%2Fthe-ramadan-slowdown-hits-egypts-airwaves%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\/28\/the-ramadan-slowdown-hits-egypts-airwaves\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571049\" class=\"content-area-description single-story post-571049 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-covid-19 tag-education-ministry tag-enterprise-last-nights-talk-shows tag-enterpriseam tag-tarek-shawky tag-thanaweya-amma wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Irrefutable proof that the Ramadan news slowdown is upon us:<\/strong> The talking heads had next to nothing to say on the airwaves last night.<\/p>\n<p><strong>Covid-19 was still the main talking point<\/strong>, with Al Kahera Alaan's Lamees El Hadidi calling up Presidential Health Affairs Advisor Mohamed Awad Tag Eldin, who urged people to not let their guards down and continue to take precautionary measures, including wearing masks and avoiding crowded spaces (<a href=\"https:\/\/www.youtube.com\/watch?v=Bod_LXXq7ns\">watch, runtime: 2:40<\/a>). Lamees also recapped the Health Ministry\u2019s daily case tally (<a href=\"https:\/\/www.youtube.com\/watch?v=-zPmrXrM5wk\">watch, runtime: 1:26<\/a>).<\/p>\n<p><strong>End-of-year exams were of particular importance to Amr Adib<\/strong>, who touched on Education Minister Tarek Shawky\u2019s statement that Thanaweya Amma students who refuse to take the exams will simply flunk out, covid-19 or not (<a href=\"https:\/\/www.youtube.com\/watch?v=py06vt7S_ik\">watch, runtime: 0:54<\/a>). Adib also urged parents to skip the tradition of waiting for their kids outside the exam sites, where they would be at high risk of infection from potential virus carriers (<a href=\"https:\/\/www.youtube.com\/watch?v=-jAaGjS1YT8\">watch, runtime: 3:06<\/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\/education-ministry\/\">Education Ministry<\/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\/tarek-shawky\/\">Tarek Shawky<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/thanaweya-amma\/\">Thanaweya Amma<\/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=\"571050\" 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=\"571050\">\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\/28\/egypts-boards-of-directors-get-an-f-on-gender-parity-for-2019\/\">\r\n                            Egypt\u2019s boards of directors get an \u201cF\u201d on gender parity for 2019                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/04\/28\/egypts-boards-of-directors-get-an-f-on-gender-parity-for-2019\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2020\/04\/28\/egypts-boards-of-directors-get-an-f-on-gender-parity-for-2019\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2020\/04\/28\/egypts-boards-of-directors-get-an-f-on-gender-parity-for-2019\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt\u2019s boards of directors get an \u201cF\u201d on gender parity for 2019&url=https:\/\/enterpriseam.com\/egypt\/2020\/04\/28\/egypts-boards-of-directors-get-an-f-on-gender-parity-for-2019\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2020\/04\/28\/egypts-boards-of-directors-get-an-f-on-gender-parity-for-2019\/&title=Egypt\u2019s boards of directors get an \u201cF\u201d on gender parity for 2019\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt%E2%80%99s+boards+of+directors+get+an+%E2%80%9CF%E2%80%9D+on+gender+parity+for+2019+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F04%2F28%2Fegypts-boards-of-directors-get-an-f-on-gender-parity-for-2019%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/04\/28\/egypts-boards-of-directors-get-an-f-on-gender-parity-for-2019\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/237.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"571051\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/04\/28\/egypts-boards-of-directors-get-an-f-on-gender-parity-for-2019\/237-jpg-12\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/237.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"237.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/237.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/237.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571050\" class=\"content-area-description single-story post-571050 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round tag-banking tag-egx tag-enterpriseam tag-gender tag-speed-round tag-wob 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-01\"><\/a> <strong>Egypt\u2019s boards of directors get an \u201cF\u201d on gender parity for 2019:<\/strong> Egyptian companies failed to make headway on gender parity on corporate boards in 2019, with the situation in public sector firms actually regressing to become more male-dominated, the <a href=\"https:\/\/ent.news\/2020\/4\/Women-on-Boards-Monitoring-Report-2019-Full-English.pdf\">Women on Boards Observatory\u2019s (WoB) 2019 report (pdf)<\/a> finds. Women filled only 10% of the 5.7k board positions of the surveyed companies.<\/p>\n<p><strong>Listed companies tread water:<\/strong> EGX-listed companies failed to diversify their boards in 2019 and actually saw the percentage of women board members fall marginally to 10.1% from 10.2%.<\/p>\n<p><strong>More than one out of every two boards of EGX-listed companies don\u2019t have a woman member <\/strong>\u2014 or 53.6% of them, to be precise.<\/p>\n<p><strong>Public enterprises lead the way in how not to meet diversity targets:<\/strong> State-owned companies saw significant regression in board diversity during 2019 despite the government committing to achieving 30% representation by 2030. The number of firms with 30%+ women board members halved to just 5% while a stunning 73% have zero female representation. Across the sector, just 6.1% of board members are women.<\/p>\n<p><strong>The banking sector provides a ray of light:<\/strong> Banks stand out as the only sector to have made real gender parity gains last year, increasing the percentage of women board members to 14.8% from 11.4%. A quarter of banks remain all-male, down from 41.2% in 2018, and the number of boards with 30%+ women members trebled to 9%.<\/p>\n<p><strong>Companies across the economy are going to need to shape up if the government\u2019s 2030 targets are going to be met:<\/strong> The report estimates that 113 women now need to be appointed to boards every year to achieve the target of 30% representation by 2030.<\/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\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gender\/\">gender<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/wob\/\">WoB<\/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=\"571058\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"571059\" 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=\"571059\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">THE MACRO PICTURE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/04\/28\/is-there-a-risk-of-a-hunger-pandemic-or-why-egypt-cares-about-russias-temporary-ban-on-wheat-exports\/\">\r\n                            Is there a risk of a \u201chunger pandemic\u201d? Or: Why Egypt cares about Russia\u2019s (temporary?) ban on wheat exports.                        <\/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\/28\/is-there-a-risk-of-a-hunger-pandemic-or-why-egypt-cares-about-russias-temporary-ban-on-wheat-exports\/\" 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\/28\/is-there-a-risk-of-a-hunger-pandemic-or-why-egypt-cares-about-russias-temporary-ban-on-wheat-exports\/')\">\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\/28\/is-there-a-risk-of-a-hunger-pandemic-or-why-egypt-cares-about-russias-temporary-ban-on-wheat-exports\/\">\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=Is there a risk of a \u201chunger pandemic\u201d? Or: Why Egypt cares about Russia\u2019s (temporary?) ban on wheat exports.&url=https:\/\/enterpriseam.com\/egypt\/2020\/04\/28\/is-there-a-risk-of-a-hunger-pandemic-or-why-egypt-cares-about-russias-temporary-ban-on-wheat-exports\/\">\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\/28\/is-there-a-risk-of-a-hunger-pandemic-or-why-egypt-cares-about-russias-temporary-ban-on-wheat-exports\/&title=Is there a risk of a \u201chunger pandemic\u201d? Or: Why Egypt cares about Russia\u2019s (temporary?) ban on wheat exports.\">\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=Is+there+a+risk+of+a+%E2%80%9Chunger+pandemic%E2%80%9D%3F+Or%3A+Why+Egypt+cares+about+Russia%E2%80%99s+%28temporary%3F%29+ban+on+wheat+exports.+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F04%2F28%2Fis-there-a-risk-of-a-hunger-pandemic-or-why-egypt-cares-about-russias-temporary-ban-on-wheat-exports%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\/28\/is-there-a-risk-of-a-hunger-pandemic-or-why-egypt-cares-about-russias-temporary-ban-on-wheat-exports\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/239.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"571060\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/04\/28\/is-there-a-risk-of-a-hunger-pandemic-or-why-egypt-cares-about-russias-temporary-ban-on-wheat-exports\/239-jpg-11\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/239.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"239.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/239.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/239.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571059\" class=\"content-area-description single-story post-571059 post type-post status-publish format-standard has-post-thumbnail hentry category-the-macro-picture tag-agriculture tag-covid-19 tag-enterpriseam tag-food-security tag-supply-chain tag-the-macro-picture wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>Are we <\/strong><strong>at risk of a \u201chunger pandemic\u201d? <\/strong>Covid-19 lockdowns imposed by governments around the world have led to fears that food security issues are on the horizon. <a href=\"https:\/\/www.theguardian.com\/global-development\/2020\/mar\/26\/coronavirus-measures-could-cause-global-food-shortage-un-warns\">Earlier in the crisis<\/a>, acute shortages were said to be picking up steam as the outbreak led to a sudden lack of field workers and a worldwide trend of \u201cfood nationalism.\u201d More recently, the United Nations <a href=\"https:\/\/www.bbc.com\/news\/world-52373888\">singled out<\/a> countries already embroiled in environmental issues or conflict and unrest as those at a risk of famines of \u201cbiblical proportions.\u201d The most pressing issue is that the world post-corona could nearly double its number of people living in poverty and hunger to upward of 250 mn, a report by the UN\u2019s World Food Programme (WFP) estimates.<\/p>\n<p><strong>The fundamental threat is not that the world doesn\u2019t have enough stocks of food, <\/strong>but rather rising poverty from the economic slowdown and risks of hunger and mounting unrest in embattled and poor countries, <a href=\"https:\/\/www.ft.com\/content\/443b74f7-e9f2-412f-b9d6-241168cc1710\">says the Financial Times<\/a>. Any \u201cunjustified\u201d containment measure that leads to food spikes on international markets, or has potential to restrict food access in vulnerable countries could ultimately lead to a refugee crisis mirroring that of 2016, WFP chief economist Arif Husain said.<\/p>\n<p><strong>One threat to food stability came from a Russian wheat cut-off this week, but only temporarily: <\/strong>Russia, the world\u2019s largest wheat supplier, has temporarily suspended grain shipments to all but four nearby former Soviet countries as it seeks to ensure adequate domestic supply, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-04-26\/world-is-running-out-of-russian-wheat-when-some-want-it-most?sref=mmeFTDW1\">reports Bloomberg<\/a>. Although the ban is expected only until Russian farmers start harvesting crops in July, it\u2019s fueling fears of worldwide food shortages.<\/p>\n<p><strong>The ban also threatens heavy importers \u2014 and we\u2019re the biggest grain importer in the world.<\/strong> The ban has a direct effect on <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fe1a9752-020c-40ef-8008-e76091d42f05\">plans by Egypt state wheat importer, GASC, to purchase<\/a> thousands of tonnes of wheat during the local harvest season to curb any possible shortage. If conditions in Black Sea countries, GASC\u2019s favorite source markets, worsens, this could imply the state grain buyer will need to rush to stockpile the crop quicker than initially planned, says the business information service.<\/p>\n<p><strong>Measures such as the Russian ban are examples of what G20 agriculture and food ministers <\/strong><strong><a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFD5N29G00Y\">warned against<\/a><\/strong> in a virtual meeting last Tuesday as \u201cunnecessary barriers to trade\u201d that should be avoided.<\/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\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/food-security\/\">food security<\/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\/the-macro-picture\/\">THE MACRO PICTURE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"571061\" 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=\"571061\">\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\">Image of the Day<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/04\/28\/ramadan-2020-observed-from-home-amid-covid-19-pandemic\/\">\r\n                            Ramadan 2020, observed from home amid covid-19 pandemic                        <\/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\/28\/ramadan-2020-observed-from-home-amid-covid-19-pandemic\/\" 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\/28\/ramadan-2020-observed-from-home-amid-covid-19-pandemic\/')\">\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\/28\/ramadan-2020-observed-from-home-amid-covid-19-pandemic\/\">\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=Ramadan 2020, observed from home amid covid-19 pandemic&url=https:\/\/enterpriseam.com\/egypt\/2020\/04\/28\/ramadan-2020-observed-from-home-amid-covid-19-pandemic\/\">\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\/28\/ramadan-2020-observed-from-home-amid-covid-19-pandemic\/&title=Ramadan 2020, observed from home amid covid-19 pandemic\">\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=Ramadan+2020%2C+observed+from+home+amid+covid-19+pandemic+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F04%2F28%2Framadan-2020-observed-from-home-amid-covid-19-pandemic%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\/28\/ramadan-2020-observed-from-home-amid-covid-19-pandemic\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/240.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"571062\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/04\/28\/ramadan-2020-observed-from-home-amid-covid-19-pandemic\/240-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/240.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"240.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/240.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/240.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571061\" class=\"content-area-description single-story post-571061 post type-post status-publish format-standard has-post-thumbnail hentry category-image-of-the-day tag-covid-19 tag-culture tag-enterpriseam tag-image-of-the-day tag-photography tag-ramadan wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Pictured above: <strong>Two men are distributing food to help Cairo\u2019s needy break<\/strong> <strong>their Ramadan fast<\/strong> (credits to <a href=\"https:\/\/www.simadiab.com\/\">Sima Diab<\/a>). The image was featured in <a href=\"https:\/\/www.nytimes.com\/2020\/04\/25\/world\/ramadan-photos.html\">a New York Times gallery<\/a> capturing snippets from major Islamic cities during this year\u2019s unusual holy month.<\/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\/culture\/\">culture<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/image-of-the-day\/\">IMAGE OF THE DAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/photography\/\">photography<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ramadan\/\">Ramadan<\/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=\"571063\" 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=\"571063\">\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\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/04\/28\/571063\/\">\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\/28\/571063\/\" 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\/28\/571063\/')\">\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\/28\/571063\/\">\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\/28\/571063\/\">\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\/28\/571063\/&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%2F28%2F571063%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\/28\/571063\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571063\" class=\"content-area-description single-story post-571063 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 an exceptionally quiet morning for Egypt in the foreign press.<\/strong> Let us all give thanks and praise.<\/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=\"571064\" 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=\"571064\">\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\">Worth Listening<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/04\/28\/cira-ceo-mohamed-el-kalla-talks-edtech-investments-and-covid-19-on-making-it\/\">\r\n                            CIRA CEO Mohamed El Kalla talks edtech, investments, and covid-19 on Making It                        <\/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\/28\/cira-ceo-mohamed-el-kalla-talks-edtech-investments-and-covid-19-on-making-it\/\" 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\/28\/cira-ceo-mohamed-el-kalla-talks-edtech-investments-and-covid-19-on-making-it\/')\">\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\/28\/cira-ceo-mohamed-el-kalla-talks-edtech-investments-and-covid-19-on-making-it\/\">\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=CIRA CEO Mohamed El Kalla talks edtech, investments, and covid-19 on Making It&url=https:\/\/enterpriseam.com\/egypt\/2020\/04\/28\/cira-ceo-mohamed-el-kalla-talks-edtech-investments-and-covid-19-on-making-it\/\">\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\/28\/cira-ceo-mohamed-el-kalla-talks-edtech-investments-and-covid-19-on-making-it\/&title=CIRA CEO Mohamed El Kalla talks edtech, investments, and covid-19 on Making It\">\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=CIRA+CEO+Mohamed+El+Kalla+talks+edtech%2C+investments%2C+and+covid-19+on+Making+It+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F04%2F28%2Fcira-ceo-mohamed-el-kalla-talks-edtech-investments-and-covid-19-on-making-it%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\/28\/cira-ceo-mohamed-el-kalla-talks-edtech-investments-and-covid-19-on-making-it\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/241.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"571065\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/04\/28\/cira-ceo-mohamed-el-kalla-talks-edtech-investments-and-covid-19-on-making-it\/241-jpg-13\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/241.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"241.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/241.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/241.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571064\" class=\"content-area-description single-story post-571064 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-listening tag-cira-education tag-edtech tag-enterpriseam tag-making-it tag-mohamed-el-kalla tag-podcast tag-worth-listening wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Meet the guy who is taking Egyptian students into e-learning: <\/strong>This week on Making It \u2014 our podcast on how to build a great business in Egypt \u2014 we talked to Mohamed El Kalla, the CEO of education outfit <a href=\"http:\/\/cairoinvest-ir.com\/en\">CIRA<\/a>. Amidst the global pandemic, school closures, and lockdowns, El Kalla is trying to give the 30k students in CIRA schools a small sense of normalcy. The company had invested in edtech for years now and it's all coming to test now as school children have to act like online grad school students and parents have to become teaching assistants. El Kalla gave us a first hand account of how hard it was to get us here \u2014 and discusses why CIRA sees value in serving the nation\u2019s middle class (<a href=\"https:\/\/omny.fm\/shows\/making-it\/we-dont-need-no-education-in-the-classroom\">listen, runtime: 47:11<\/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\/cira-education\/\">CIRA Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/edtech\/\">edtech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/making-it\/\">Making It<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mohamed-el-kalla\/\">Mohamed El Kalla<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/podcast\/\">podcast<\/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=\"571066\" 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=\"571066\">\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\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/04\/28\/russia-appoints-new-ambassador-to-egypt\/\">\r\n                            Russia appoints new ambassador to 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\/28\/russia-appoints-new-ambassador-to-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\/28\/russia-appoints-new-ambassador-to-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\/28\/russia-appoints-new-ambassador-to-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=Russia appoints new ambassador to Egypt&url=https:\/\/enterpriseam.com\/egypt\/2020\/04\/28\/russia-appoints-new-ambassador-to-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\/28\/russia-appoints-new-ambassador-to-egypt\/&title=Russia appoints new ambassador to 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=Russia+appoints+new+ambassador+to+Egypt+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F04%2F28%2Frussia-appoints-new-ambassador-to-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\/28\/russia-appoints-new-ambassador-to-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571066\" class=\"content-area-description single-story post-571066 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-diplomacy tag-diplomacy-foreign-trade tag-enterpriseam tag-north-america tag-russia wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Russian President Vladimir Putin has appointed Georgy Borisenko as Russia\u2019s new <\/strong><strong>ambassador to Egypt<\/strong>, <a href=\"https:\/\/tass.com\/society\/1150299\">according to Russian news agency TASS<\/a>. Borisenko, who is currently head of the Russian Foreign Ministry\u2019s North America department, will Sergei Kirpichenko, who died suddenly at a Cairo hospital <a href=\"https:\/\/enterprise.press\/stories\/2019\/09\/03\/russian-ambassador-to-egypt-dies-suddenly\/\">last year<\/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\/diplomacy\/\">DIPLOMACY<\/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\/north-america\/\">North America<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/russia\/\">Russia<\/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=\"571068\" 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=\"571068\">\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\">Infrastructure<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/04\/28\/egypts-transport-ministry-issues-tender-for-alex-tram-restoration\/\">\r\n                            Egypt\u2019s Transport Ministry issues tender for Alex tram restoration                        <\/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\/28\/egypts-transport-ministry-issues-tender-for-alex-tram-restoration\/\" 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\/28\/egypts-transport-ministry-issues-tender-for-alex-tram-restoration\/')\">\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\/28\/egypts-transport-ministry-issues-tender-for-alex-tram-restoration\/\">\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 Transport Ministry issues tender for Alex tram restoration&url=https:\/\/enterpriseam.com\/egypt\/2020\/04\/28\/egypts-transport-ministry-issues-tender-for-alex-tram-restoration\/\">\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\/28\/egypts-transport-ministry-issues-tender-for-alex-tram-restoration\/&title=Egypt\u2019s Transport Ministry issues tender for Alex tram restoration\">\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+Transport+Ministry+issues+tender+for+Alex+tram+restoration+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F04%2F28%2Fegypts-transport-ministry-issues-tender-for-alex-tram-restoration%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\/28\/egypts-transport-ministry-issues-tender-for-alex-tram-restoration\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571068\" class=\"content-area-description single-story post-571068 post type-post status-publish format-standard hentry category-infrastructure tag-alstom tag-debt tag-enterpriseam tag-france tag-french-development-agency tag-infrastructure tag-transport wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The Transport Ministry has launched a tender for the restoration of the Raml tram in Alexandria, <a href=\"https:\/\/alborsaanews.com\/2020\/04\/25\/1324620\">according to the local press<\/a>. France\u2019s Alstom is among the companies bidding for the job, according to Alstom Egypt General Manager Mohamed Khalil. The ministry had awarded a previous tender to design and oversee the restoration to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4a17d358-3e3c-4799-98ed-00b86c3ee923\">a consortium<\/a> of French and Egyptian companies. The EUR 360 mn project is<a href=\"https:\/\/enterprise.press\/stories\/2018\/01\/28\/el-sisi-issues-decree-approving-afds-eur-100-mn-loan-for-alexandria-tram\/\">partially funded<\/a> by a EUR 100 mn loan from the French Development Agency.<\/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\/alstom\/\">Alstom<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/france\/\">France<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/french-development-agency\/\">French Development Agency<\/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\/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=\"571070\" 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=\"571070\">\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\">Manufacturing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/04\/28\/futek-to-open-led-lamp-factory-in-sadat-city-in-2-months\/\">\r\n                            Futek to open LED lamp factory in Sadat City in 2 months                        <\/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\/28\/futek-to-open-led-lamp-factory-in-sadat-city-in-2-months\/\" 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\/28\/futek-to-open-led-lamp-factory-in-sadat-city-in-2-months\/')\">\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\/28\/futek-to-open-led-lamp-factory-in-sadat-city-in-2-months\/\">\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=Futek to open LED lamp factory in Sadat City in 2 months&url=https:\/\/enterpriseam.com\/egypt\/2020\/04\/28\/futek-to-open-led-lamp-factory-in-sadat-city-in-2-months\/\">\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\/28\/futek-to-open-led-lamp-factory-in-sadat-city-in-2-months\/&title=Futek to open LED lamp factory in Sadat City in 2 months\">\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=Futek+to+open+LED+lamp+factory+in+Sadat+City+in+2+months+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F04%2F28%2Ffutek-to-open-led-lamp-factory-in-sadat-city-in-2-months%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\/28\/futek-to-open-led-lamp-factory-in-sadat-city-in-2-months\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571070\" class=\"content-area-description single-story post-571070 post type-post status-publish format-standard hentry category-manufacturing tag-enterpriseam tag-manufacturing wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Lighting products manufacturer <a href=\"http:\/\/futeklighting.net\/\">Futek Micro Electronics<\/a> is on track to inaugurate a EGP 500 mn LED lamps factory in Sadat City in two months, Chairman Mohamed Helal <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=26042020&id=c692600c-5b89-4f92-8bb7-e7dd23cdd15b\">told Al Shorouk<\/a>. The company <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/67616b2c-7350-4ad6-b871-cb9e11ffc1bd\">had put the factory on hold<\/a> last month as the covid-19 outbreak led to supply disruptions, including preventing the company from importing Chinese machines.<\/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\/manufacturing\/\">Manufacturing<\/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=\"571071\" 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=\"571071\">\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\/28\/nra-in-talks-with-banque-misr-national-bank-of-egypt-for-egp-3-bn-loan\/\">\r\n                            NRA in talks with Banque Misr, National Bank of Egypt for EGP 3 bn loan                        <\/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\/28\/nra-in-talks-with-banque-misr-national-bank-of-egypt-for-egp-3-bn-loan\/\" 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\/28\/nra-in-talks-with-banque-misr-national-bank-of-egypt-for-egp-3-bn-loan\/')\">\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\/28\/nra-in-talks-with-banque-misr-national-bank-of-egypt-for-egp-3-bn-loan\/\">\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=NRA in talks with Banque Misr, National Bank of Egypt for EGP 3 bn loan&url=https:\/\/enterpriseam.com\/egypt\/2020\/04\/28\/nra-in-talks-with-banque-misr-national-bank-of-egypt-for-egp-3-bn-loan\/\">\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\/28\/nra-in-talks-with-banque-misr-national-bank-of-egypt-for-egp-3-bn-loan\/&title=NRA in talks with Banque Misr, National Bank of Egypt for EGP 3 bn loan\">\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=NRA+in+talks+with+Banque+Misr%2C+National+Bank+of+Egypt+for+EGP+3+bn+loan+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F04%2F28%2Fnra-in-talks-with-banque-misr-national-bank-of-egypt-for-egp-3-bn-loan%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\/28\/nra-in-talks-with-banque-misr-national-bank-of-egypt-for-egp-3-bn-loan\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571071\" class=\"content-area-description single-story post-571071 post type-post status-publish format-standard hentry category-automotive-transportation tag-automotive-transportation tag-banque-misr tag-debt tag-enterpriseam tag-national-bank-of-egypt tag-transport wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The National Railways Authority is closing in on a EGP 3 bn loan agreement with Banque Misr and the National Bank of Egypt to finance the authority\u2019s transition to an electric railway signaling system and the purchase of spare parts for its fleet, <a href=\"https:\/\/bit.ly\/3aGGy3H\">according to Al Mal<\/a>. NBE is the lead arranger for the loan, with each bank providing EGP 1.5 bn. The loan will carry a 16-year tenor.<\/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\/banque-misr\/\">Banque Misr<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/national-bank-of-egypt\/\">National Bank of Egypt<\/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=\"571072\" 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=\"571072\">\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\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/04\/28\/egypt-launches-islamic-art-tour\/\">\r\n                            Egypt launches Islamic Art tour                        <\/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\/28\/egypt-launches-islamic-art-tour\/\" 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\/28\/egypt-launches-islamic-art-tour\/')\">\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\/28\/egypt-launches-islamic-art-tour\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt launches Islamic Art tour&url=https:\/\/enterpriseam.com\/egypt\/2020\/04\/28\/egypt-launches-islamic-art-tour\/\">\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\/28\/egypt-launches-islamic-art-tour\/&title=Egypt launches Islamic Art tour\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+launches+Islamic+Art+tour+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F04%2F28%2Fegypt-launches-islamic-art-tour%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\/28\/egypt-launches-islamic-art-tour\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/242.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"571073\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/04\/28\/egypt-launches-islamic-art-tour\/242-jpg-11\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/242.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"242.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/242.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/242.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571072\" class=\"content-area-description single-story post-571072 post type-post status-publish format-standard has-post-thumbnail hentry category-on-your-way-out tag-enterpriseam tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The Tourism and Antiquities Ministry launched a virtual tour of Islamic art<\/strong>, including an Ottoman-era door from the Muhammad Ali Dynasty, which is currently on display at the Museum of Islamic Art (<a href=\"https:\/\/bit.ly\/2YbPRWE\">watch, runtime: 1:24<\/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\/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=\"571074\" 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=\"571074\">\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\/28\/the-market-yesterday-80\/\">\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\/28\/the-market-yesterday-80\/\" 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\/28\/the-market-yesterday-80\/')\">\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\/28\/the-market-yesterday-80\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=The Market Yesterday&url=https:\/\/enterpriseam.com\/egypt\/2020\/04\/28\/the-market-yesterday-80\/\">\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\/28\/the-market-yesterday-80\/&title=The Market Yesterday\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=The+Market+Yesterday+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F04%2F28%2Fthe-market-yesterday-80%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\/28\/the-market-yesterday-80\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571074\" class=\"content-area-description single-story post-571074 post type-post status-publish format-standard hentry category-the-market-yesterday tag-enterpriseam tag-the-market-yesterday wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><p><strong>EGP \/ USD CBE market average: <\/strong>Buy 15.69 | Sell 15.79<\/p>\n<p> <strong>EGP \/ USD at CIB:<\/strong> Buy 15.70 | Sell 15.80<br \/>\n <strong>EGP \/ USD at NBE: <\/strong>Buy 15.68 | Sell 15.78<\/p>\n<p><strong>EGX30<\/strong> (Monday): 10,376 (-0.01%)<br \/>\n <strong>Turnover:<\/strong> EGP 1.0 bn (51% above the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: -25.7%<\/p>\n<p><strong>THE MARKET ON MONDAY:<\/strong> The EGX30 ended Monday\u2019s session flat. CIB, the index\u2019s heaviest constituent, ended down 0.8%. EGX30\u2019s top performing constituents were CIRA up 6.2%, Egypt Kuwait Holding up 3.8%, and Madinet Nasr Housing up 3.4%. Yesterday\u2019s worst performing stocks were Dice down 8.5%, Sidi Kerir Petrochemicals down 2.7% and AMOC down 2.6%. The market turnover was EGP 1.0 bn, and foreign investors were the sole net sellers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Short | EGP -100.5 mn<br \/>\n <strong>Regional<\/strong>: Net Long | EGP +22.9 mn<br \/>\n <strong>Domestic<\/strong>: Net Long | EGP +77.6 mn<\/p>\n<p><strong>Retail<\/strong>: 73.9% of total trades | 71.4% of buyers | 76.4% of sellers<br \/>\n <strong>Institutions<\/strong>: 26.1% of total trades | 28.6% of buyers | 23.6% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 12.93 (-23.67%)<br \/>\n <strong>Brent:<\/strong> USD 19.99 (-6.76%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 1.83 MMBtu, (+4.93%, May 2020 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,724.20 \/ troy ounce (-0.66%)<\/p>\n<p><strong>TASI:<\/strong> 6,827.80 (-0.16%) (YTD: -18.61%)<br \/>\n <strong>ADX:<\/strong> 4,170.08 (-0.28%) (YTD: -17.84%)<br \/>\n <strong>DFM:<\/strong> 1,986.09 (+1.50%) (YTD: -28.17%)<br \/>\n <strong>KSE Premier Market:<\/strong> 5,154.59 (+1.58%)<br \/>\n <strong>QE:<\/strong> 8,531.26 (+0.21%) (YTD: -18.17%)<br \/>\n <strong>MSM:<\/strong> 3,524.52 (+0.32%) (YTD: -11.47%)<br \/>\n <strong>BB: <\/strong>1,308.78 (+0.51%) (YTD: -18.72%)<\/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=\"571075\" 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\/28\/571075\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571075\" class=\"content-area-description single-story post-571075 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>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>14 May (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>23 May (Saturday): Earliest date on which suspension of international flights to \/ from Egypt expires.<\/p>\n<p>23 May (Saturday): Earliest date by which restaurants, gyms, nightclubs, museums and archaeological sites will reopen.<\/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>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>30 June (Sunday): Anniversary of the June 2013 protests, 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":571046,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-571045","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"3f15a1e0-ea59-43e0-95f3-c21fd43c43f0","teaser":"","photo_url":"https:\/\/ent.news\/2020\/4\/235.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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