{"id":571156,"date":"2020-05-03T03:33:41","date_gmt":"2020-05-03T03:33:41","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=571156"},"modified":"2025-12-16T07:51:35","modified_gmt":"2025-12-16T07:51:35","slug":"a-ray-of-light-fund-managers-like-egypt-and-the-worst-of-the-capital-outflows-could-be-over","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/a-ray-of-light-fund-managers-like-egypt-and-the-worst-of-the-capital-outflows-could-be-over\/","title":{"rendered":"A ray of light? Fund managers like Egypt \u2014 and the worst of the capital outflows could be over."},"content":{"rendered":"<section id=\"571158\" 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=\"571158\">\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\/05\/03\/what-were-tracking-on-3-may-2020\/\">\r\n                            What we\u2019re tracking on 3 May 2020                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div 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             <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/03\/what-were-tracking-on-3-may-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571158\" class=\"content-area-description single-story post-571158 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-banking-act tag-berkshire-hathaway tag-chevron tag-china tag-covid-19 tag-donald-trump tag-enterpriseam tag-exxonmobil tag-france tag-hala-zayed tag-health-ministry tag-house-of-representatives tag-investment-watch tag-italy tag-laila-sedky tag-legislation tag-making-it tag-manufacturing tag-mohamed-maait tag-oil-and-gas tag-podcast tag-real-estate-tax-act tag-russia tag-saudi-arabia tag-state-budget tag-tax wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_27645\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\">\n<p class=\"f-graphik\" style=\"font-size:14px\">Together with<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27482.svg\" alt=\"\" class=\"wp-image-27482\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><strong>Welcome to the month of May, ladies and gentlemen. <\/strong>Pandemic or not, we\u2019re sprinting toward summer and \u2026 staycations?<\/p><p><strong>It\u2019s budget week at the House of Representatives:<\/strong> The finance and planning ministers will present today the FY2020-2021 state budget to the House Planning and Budgeting Committee, while the health, supply, and CIT ministers will hold committee-level discussions of their respective ministries\u2019 allocations in the budget throughout the week, <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=30042020&amp;id=89be7139-4a16-4f7a-b9e6-a80e9426f6c3\">Al Shorouk reports<\/a>.<\/p><p><strong>Also on Parliament\u2019s docket: Amendments to the Banking Act <\/strong>are expected to come up for discussion by the House of Representatives\u2019 general assembly this week, after the House Economic Committee finalized amendments to the long-awaited legislation. We have the full rundown of the amendments in this morning\u2019s Speed Round, below.<\/p><p><strong>Key news triggers to keep your eye on<\/strong> as we kick off this new month:<\/p><ul>\n<li><strong>PMI figures<\/strong> for Egypt, Saudi Arabia and the UAE will land on Tuesday, 5 May;<\/li>\n<li><strong>Foreign reserves figures<\/strong> for April will be released during the first week of May;<\/li>\n<li><strong>Inflation figures<\/strong> for April are out on Sunday, 10 May.<\/li>\n<\/ul><p><strong>Must-read of the morning #1-<\/strong> Amid all the talk of lockdowns lifting and economies re-opening, we remind you of <a href=\"https:\/\/www.project-syndicate.org\/commentary\/white-swan-risks-2020-by-nouriel-roubini-2020-02\">Nouriel Roubini\u2019s \u201cwhite swans of 2020,\u201d<\/a> published back in February, wherein he suggested (a) that we were on the verge of a pandemic and (b) <strong>that financial markets are \u201cblissfully in denial of the many predictable global crises that could come to a head this year.\u201d <\/strong><\/p><p><strong>What\u2019s Dr. Doom <\/strong><strong>worried<\/strong> <strong>about<\/strong><strong>? <\/strong>Having already predicted that the US confrontation with Iran could get worse and that China\u2019s \u201cviral outbreak\u201d could become a pandemic, Roubini noted that \u201ccyberwarfare is ongoing; major holders of US Treasuries are pursuing diversification strategies; the Democratic presidential primary is exposing rifts in the opposition to Trump and already casting doubt on vote-counting processes; rivalries between the US and four revisionist powers are escalating; and the real-world costs of climate change and other environmental trends are mounting.\u201d<\/p><p><strong>Must-read of the morning #2- Are you ready to WFH forever? <\/strong>About a quarter of CEOs polled by PwC report they\u2019re looking to trim real estate expenses as they come under pressure to cut costs. <strong>CEOs of Barclays, Mondelez and UBS have all suggested they may let go of some office space <\/strong>because offloading rent and other office-related overheads to staff has proven perfectly efficient, thank you. You\u2019ll definitely want to check out <a href=\"https:\/\/www.ft.com\/content\/1b304300-0756-4774-9263-c97958e0054d\">The end of the office? Coronavirus may change work forever<\/a> in the Financial Times.<\/p><p><strong>The markets today: <\/strong>US shares started the month of May on the wrong foot, with the Nasdaq, S&amp;P and Dow all shedding more than 2% on Friday after President Donald Trump threatened to impose tariffs on China as \u201cpunishment\u201d for the covid-19 pandemic, <a href=\"https:\/\/www.reuters.com\/article\/us-usa-stocks\/wall-street-tumbles-as-renewed-tariff-threat-adds-to-uncertainties-idUSKBN22D58W\">according to Reuters<\/a>. Western markets are closed today. The EGX30 closed up 0.1% on Thursday amid heavy trading and is now down 24.4% for the year.<\/p><p><strong>So, when do we eat? <\/strong>Maghrib prayers are at 6:34pm and you\u2019ll have until 3:34am 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 disclosed a total of 6,193 confirmed cases of covid-19<\/strong> after <a href=\"https:\/\/bit.ly\/2VYbfxh\">the Health<\/a><a href=\"https:\/\/bit.ly\/2VYbfxh\">Ministry reported<\/a> 298 new infections yesterday. The ministry said that another nine people had died from the virus, taking the death toll to 415. We now have a total of 1,970 confirmed cases that have since tested negative for the virus after being hospitalized or isolated, of whom 1,522 have fully recovered.<\/p><p><strong>Friday saw the largest uptick in new reported cases since we started recording the outbreak<\/strong>, coming in at 358. The jump was \u201cwithin expectations\u201d because people were lax on social distancing precautions in the days leading up to Ramadan, Health Minister Hala Zayed told El Hekaya\u2019s Amr Adib. The minister pointed to Google\u2019s <a href=\"https:\/\/www.gstatic.com\/covid19\/mobility\/2020-04-26_EG_Mobility_Report_en.pdf\">latest mobility report (pdf)<\/a>, which showed <strong>a rise in the number of people going to malls and offices as well as using mass transit<\/strong> (<a href=\"https:\/\/www.youtube.com\/watch?v=ztbqwhVNTb4\">watch: runtime 27:59<\/a>). We have more on this in this morning\u2019s roundup of Last Night\u2019s Talk Shows, below.<\/p><p>Among those who have died from the virus: <strong>Cairo University Kasr El Ainy Faculty of Medicine<\/strong><strong> Vice Dean Hisham Saket<\/strong>, <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1973709\">according to Al Masry Al Youm<\/a>.<\/p><p><strong>Traffic Police offices are open for one week starting today <\/strong>from 8am-4pm daily to allow folks to go renew licenses. You\u2019ll be required to wear a face mask if you\u2019re heading in, the Interior Ministry <a href=\"https:\/\/bit.ly\/3ffIh3h\">said in a statement<\/a>.<\/p><p><strong>The Local Development Ministry has reached an agreement with the World Bank to<\/strong><strong> provide EGP 150 mn to improve healthcare facilities in Upper Egypt<\/strong>, <a href=\"https:\/\/bit.ly\/35nZcfy\">according to a statement<\/a>. The funding is part of a World Bank-sponsored Upper Egypt development program. The proceeds will be used to purchase emergency covid-19 supplies for hospitals specialized in respiratory diseases and fever and quarantine facilities in Qena and Sohag.<\/p><p><strong>More repatriation flights bring back hundreds of Egyptians: <\/strong>Repatriation flights brought back 164 Egyptians stranded in Ukraine, another 342 <a href=\"https:\/\/bit.ly\/2VWWfzv\">from Russia<\/a>, and 136 from Ethiopia and Kenya on Friday, <a href=\"https:\/\/bit.ly\/3ff5p1S\">according to Egypt Today<\/a>. Thursday also saw flights bring back 152 Egyptians from Maldives and Oman. Another flight will bring back an undisclosed number of citizens from Washington today, <a href=\"https:\/\/bit.ly\/3bXsKU3\">Al Mal reports<\/a>.<\/p><p><strong>Energy price cuts to factories cost the state EGP 10 bn -Maait: <\/strong>The government\u2019s recent decision to cut natural gas and electricity prices for factories has cost the state\u2019s coffers an estimated EGP 10 bn, <a href=\"https:\/\/bit.ly\/3fg3quc\">Finance Minister Mohamed Maait said<\/a> yesterday. The price cuts came as part of a bundle of <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1154689d-294f-4d45-95b4-84a76d67466c\">government efforts<\/a> to support businesses through the outbreak, which Maait says are geared towards turning the crisis into a chance to stir private sector growth.<\/p><p><strong>Mass transit companies are lobbying the Public Transport Authority to grant them a<\/strong><strong> three-month holiday on fees and fines<\/strong>, saying they are unable to meet the payments since covid-19 restrictions have driven down revenues by as much as 75%, <a href=\"https:\/\/bit.ly\/35s62Rh\">Al Shorouk reports<\/a>.<\/p><p><strong>DONATIONS-<\/strong><\/p><ul>\n<li><strong>CIB has donated EGP 80 mn<\/strong> to an emergency and crisis account set up by the Federation of Egyptian Banks\u00a0to support impacted families and businesses, <strong>USD 2.5 mn<\/strong> to the Tahya Misr fund to help purchase 100 PCR testing machines and kits, and <strong>EGP 1.6 mn<\/strong> to help the families of 10k day laborers, <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1973470\">Al Masry Al Youm reports<\/a>.<\/li>\n<li><strong>PepsiCo has donated 25k medical masks to the Health Ministry and Tahya Misr<\/strong><strong> fund,<\/strong> CEO Mohamed Shelbaya <a href=\"https:\/\/alborsaanews.com\/2020\/04\/30\/1330388\">tells the local press<\/a>.<\/li>\n<li><strong>The Egyptian Exporters Association has <\/strong><strong><a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1973467\">donated<\/a><\/strong><strong>EGP 1 mn<\/strong> to the General Authority For Supply Commodities to purchase medical supplies for healthcare workers.<\/li>\n<\/ul><p>(<em>Correction: 3\/5\/2020- A previous version of this entry incorrectly said that CIB donated EGP 80 mn to the Egyptian Food Bank)<\/em><\/p><p><strong>ON THE GLOBAL FRONT-<\/strong><\/p><p><strong>Saudi Arabia could be taking strict and \u201cpainful\u201d measures<\/strong> including cutting government spending \u201cdeeply\u201d to protect its economy from the effects of the pandemic and the global oil market crash, the Saudi finance minister told Al Arabiya yesterday (<a href=\"https:\/\/www.youtube.com\/watch?v=fGLObxFZtAU\">watch, runtime: 20:32<\/a>).<\/p><p><strong>News on the search for a vaccine<\/strong> \u2014 or at least a treatment \u2014 for covid-19:<\/p><p><strong>The notion that a vaccine could be widely available in 12-18 months is a \u201crosy\u201d <\/strong><strong>prediction<\/strong>, the <a href=\"https:\/\/www.nytimes.com\/interactive\/2020\/04\/30\/opinion\/coronavirus-covid-vaccine.html\">New York Times notes<\/a> in a piece that lets you play with sliders representing the parameters \u2014 from trials to factory-building \u2014 that will help determine how fast a vaccine hits the market. One of the biggest obstacles: <a href=\"https:\/\/www.nytimes.com\/2020\/04\/29\/opinion\/coronavirus-vaccine.html\">Making sure every country has access<\/a> to whichever of the 89 potential vaccines (and counting) proves effective (if any).<\/p><p><strong>The UAE is optimistic about a treatment <\/strong>that saw 73 moderately or severely ill patients make full recoveries after they inhaled a mist of their own extracted, purified stem cells, a senior government official <a href=\"https:\/\/twitter.com\/hend_mana\/status\/1256194232383156225\">wrote on Twitter<\/a>.<\/p><p><strong>Those Korean re-infections? They were false positives<\/strong>, it seems \u2014 patients who tested positive again due to the release of fragments of viral RNA during the shedding of damaged lung tissue, not reinfection or a reactivation of the virus that causes covid-19, the <a href=\"http:\/\/m.koreaherald.com\/view.php?ud=20200429000724\">Korea Herald<\/a> reports.<\/p><hr class=\"grey-line\"><p><strong>Texas and Georgia were the first of around a dozen US states that decided to <\/strong><strong>reopen on Friday<\/strong>, despite warnings from public health experts that prematurely lifting restrictions could cause a spike in cases and deaths, <a href=\"https:\/\/www.nytimes.com\/2020\/05\/01\/us\/coronavirus-updates.html\">according to the New York Times<\/a>. Around half of the country will have begun taking steps towards reopening this week. Governors of other states, including New York and Washington, have signaled that lockdown measures will remain in place for at least the rest of the month.<\/p><p>Over on our side of the pond, <strong>France is getting ready to ease lockdown measures on 11<\/strong><strong> May<\/strong>, <a href=\"https:\/\/time.com\/5831208\/western-europe-russia-coronavirus-measures\/\">along with the rest of Europe<\/a>, but will extend the state of health emergency to 24 July as it closed in on the 25k case milestone, French Health Minister Olivier V\u00e9ran said, <a href=\"https:\/\/www.france24.com\/en\/20200502-france-extends-covid-19-health-emergency-until-july-24\">according to AFP<\/a>.<\/p><p><strong>Russian Prime Minister Mikhail Mishustin said he tested positive for the virus<\/strong>, Russian news agency <a href=\"https:\/\/tass.com\/politics\/1152169\">TASS reports<\/a>.<\/p><p><strong>Oil majors ExxonMobil and Chevron painted a rather gloomy picture for the year <\/strong><strong>ahead for the oil industry<\/strong> in their 1Q2020 earnings released over the weekend. Exxon <a href=\"https:\/\/corporate.exxonmobil.com\/-\/media\/Global\/Files\/investor-relations\/quarterly-earnings\/earnings-announcements\/2020-earnings-announcements\/1q-earnings-release.pdf\">reported (pdf)<\/a> a USD 610 mn loss during the first quarter of the year, and decided to slash its planned capex spending by nearly a third this year as the pandemic has \u201csignificantly impacted near-term demand.\u201d Chevron, meanwhile, saw its <a href=\"https:\/\/www.chevron.com\/stories\/chevron-announces-first-quarter-2020-results\">1Q earnings<\/a> jump 39% y-o-y to USD 3.6 bn, but expects its profits throughout the rest of the year to take a hit as the oil slump takes its toll. The company has also slashed its capex plans by an additional USD 2 bn after announcing a USD 4 bn reduction a few weeks earlier.<\/p><p><strong>Berkshire Hathaway is licking its wounds after first quarter stock market sell off: <\/strong>Warren Buffet\u2019s Berkshire Hathaway recorded <a href=\"https:\/\/www.berkshirehathaway.com\/news\/may0220.pdf\">losses of nearly USD 50 bn (pdf)<\/a> in the first quarter as the value of its portfolio took a heavy beating from the recent covid-19 sell-off. <a href=\"https:\/\/www.ft.com\/content\/b7184d64-4cda-4061-ac39-5ded1696fb84\">The Financial Times<\/a> and <a href=\"https:\/\/www.reuters.com\/article\/us-berkshire-results\/buffetts-berkshire-posts-nearly-50-billion-loss-as-coronavirus-causes-pain-idUSKBN22E0GD\">Reuters<\/a> have more. And before you freak out at the notion of a USD 50 bn loss, it ain\u2019t yet a \u201creal\u201d loss. The Oracle of Omaha\u2019s outfit notes that thanks to a change in accounting rules in 2018, \u201cwe are required to include the changes in unrealized gains \/ losses of our equity security investments as a component of investment gains \/ losses in our earnings statement.\u201d<\/p><p><strong>AND THE REST OF THE WORLD-<\/strong><\/p><p><strong>Kim Jong-Un finally re-emerges: <\/strong>North Korean state media released photographs of leader Kim Jong-Un on Saturday inaugurating a fertilizer plant after a nearly-three-week disappearance from public life led to speculation about his health, <a href=\"https:\/\/www.reuters.com\/article\/us-north-korea-leader\/after-rumours-about-health-n-korea-state-media-report-kim-jong-un-appearance-idUSKBN22D6DD?il=0\">according to Reuters<\/a>. The rumor mill isn\u2019t resting yet; the newswire notes Kim\u2019s leg appeared to be \u201cstiff and jerky\u201d and it appears the leader was unable to stand for a long period of time.<\/p><p class=\"web-image\"><a href=\"https:\/\/enterprise.press\/podcast\/\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/11\/Making-It-Album-Cover-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p><p><strong>This week on Making It:<\/strong> The latest episode of season two of our podcast on building a great business in Egypt is out. Look for new episodes every Thursday this Ramadan.<\/p><p><strong>On making a pivotal decision: <\/strong><strong><a href=\"https:\/\/nolabakery.com\/\">Nola<\/a><\/strong> <strong>founders Laila and Adel Sedky<\/strong> walk us through going beyond the niche that made them successful. From importing a trend in 2010 to expanding across seven cities, the sibling duo outlines the challenges and strategies for developing and growing a strong brand in a saturated segment of retail foods.<\/p><p><strong>Tap or click here to listen to the episode on:<\/strong> <a href=\"http:\/\/enterprise.press\/podcast\">Our website<\/a> | <a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/surviving-the-end-of-a-trend-going-beyond-cupcakes-with-nola\/id1487974619?i=1000472972762\">Apple Podcast<\/a> | <a href=\"https:\/\/podcasts.google.com\/feed\/aHR0cHM6Ly93d3cub21ueWNvbnRlbnQuY29tL2QvcGxheWxpc3QvNWE1NmQ3YzMtZjI4MS00NTU3LThlMzEtYWFjODAxN2NjZjA2L2U3ZjE1ZWYwLWMwOWYtNDFiNi1iZDM4LWFiMDUwMGMwNDVlZi82OTc0ODFkMi04OGRmLTRlYjMtYmY3Mi1hYjA1MDBjMjllOWYvcG9kY2FzdC5yc3M\/episode\/NTliZjNjZGEtM2ZmOC00OGY5LTg4MTktYWJhYjAxMzkyZGIw?ved=0CAcQ38oDahcKEwiQ2-mirY3pAhUAAAAAHQAAAAAQAg\">Google Podcast<\/a> | <a href=\"https:\/\/omny.fm\/shows\/making-it\">Omny<\/a>. We\u2019re also available on <a href=\"https:\/\/open.spotify.com\/show\/5kp07MwlL0pk8W8i7thpgB\">Spotify<\/a>, but only for non-MENA accounts. Subscribe to Making It on your podcatcher of choice <a href=\"https:\/\/bit.ly\/35lugvb\">here<\/a>.<\/p><p><strong>Making It is made possible thanks to the generous support of:<\/strong> Our friends at <a href=\"https:\/\/www.cibeg.com\/English\/Pages\/default.aspx\">CIB<\/a> and the <a href=\"https:\/\/www.usaid.gov\/egypt\">United States Agency for International Development (USAID)<\/a>.<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking-act\/\">Banking Act<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/berkshire-hathaway\/\">Berkshire Hathaway<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                        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href=\"https:\/\/enterpriseam.com\/egypt\/tag\/state-budget\/\">state budget<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tax\/\">tax<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"571159\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                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class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-46c5f99\" data-v=\"4\" data-block-id=\"46c5f99\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-46c5f99-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-46c5f99-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240922.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.hsbc.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27489.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Opening up a world of opportunity<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-s86f3me\" data-v=\"4\" data-block-id=\"s86f3me\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-s86f3me-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-s86f3me-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240923.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/efghldg.com\/en\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27488.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Realize More<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-9wri234\" data-v=\"4\" data-block-id=\"9wri234\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-9wri234-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-9wri234-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240924.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.sodic.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27487.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Live More<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-nz84jjm\" data-v=\"4\" data-block-id=\"nz84jjm\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-nz84jjm-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-nz84jjm-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240925.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/weareinfinity.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/27483.png?fit=300%2C300&#038;ssl=1\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Powering with nature<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-vk63pfh\" data-v=\"4\" data-block-id=\"vk63pfh\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-vk63pfh-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-vk63pfh-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240926.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.qalaaholdings.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/110691.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Driving growth<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-left\" class=\"svg-inline--fa fa-chevron-left\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M34.52 239.03L228.87 44.69c9.37-9.37 24.57-9.37 33.94 0l22.67 22.67c9.36 9.36 9.37 24.52.04 33.9L131.49 256l154.02 154.75c9.34 9.38 9.32 24.54-.04 33.9l-22.67 22.67c-9.37 9.37-24.57 9.37-33.94 0L34.52 272.97c-9.37-9.37-9.37-24.57 0-33.94z\"><\/path><\/svg><\/button><button class=\"stk-block-carousel__button stk-block-carousel__button__next\" aria-label=\"Next slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-right\" class=\"svg-inline--fa fa-chevron-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M285.476 272.971L91.132 467.314c-9.373 9.373-24.569 9.373-33.941 0l-22.667-22.667c-9.357-9.357-9.375-24.522-.04-33.901L188.505 256 34.484 101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg><\/button><\/div><\/div><div class=\"stk-block-carousel__dots\" role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"571160\" 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=\"571160\">\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\/05\/03\/last-nights-talk-shows-for-saturday-3-may-2020\/\">\r\n                            Last night\u2019s talk shows for Saturday, 3 May 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\/05\/03\/last-nights-talk-shows-for-saturday-3-may-2020\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2020\/05\/03\/last-nights-talk-shows-for-saturday-3-may-2020\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2020\/05\/03\/last-nights-talk-shows-for-saturday-3-may-2020\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Last night\u2019s talk shows for Saturday, 3 May 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/05\/03\/last-nights-talk-shows-for-saturday-3-may-2020\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2020\/05\/03\/last-nights-talk-shows-for-saturday-3-may-2020\/&title=Last night\u2019s talk shows for Saturday, 3 May 2020\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Last+night%E2%80%99s+talk+shows+for+Saturday%2C+3+May+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F05%2F03%2Flast-nights-talk-shows-for-saturday-3-may-2020%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/03\/last-nights-talk-shows-for-saturday-3-may-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571160\" class=\"content-area-description single-story post-571160 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-covid-19 tag-enterprise-last-nights-talk-shows tag-enterpriseam tag-health-ministry tag-world-health-organization wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>TV power couple Amr Adib and Lamees El Hadidi were back on air yesterday<\/strong>, while most other talking heads are on their annual Ramadan hiatus.<\/p>\n<p><strong>We\u2019re about to hit peak covid-19, but people are starting to break curfew<\/strong>, Hossam Hosny, head of the Health Ministry\u2019s committee to combat covid-19, told El Hadidi. There is still room for stricter penalties and tougher measures to continue containing the outbreak, Hosny added. Hosny\u2019s comments came as Friday saw the largest uptick in new infections since the government began keeping a tally (<a href=\"https:\/\/www.youtube.com\/watch?v=AVue4NJURfs\">watch, runtime: 11:59<\/a>).<\/p>\n<p><strong>But peak covid-19 isn\u2019t a clear call, says infectious disease specialist: <\/strong>El Hadidi also phoned Amgad El Khouly, an infectious diseases consultant for the WHO, who said that it is difficult to figure out where our \u201cpeak\u201d really is (<a href=\"https:\/\/www.youtube.com\/watch?v=pjqd_YaI3Pw\">watch, runtime: 8:59<\/a>). The organization expects a second wave of infections, so relaxing containment measures without community awareness may have consequences, says El Kholy.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-last-nights-talk-shows\/\">Enterprise+: Last Night\u2019s Talk Shows<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/health-ministry\/\">Health Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-health-organization\/\">World Health Organization<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"571161\" 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=\"571161\">\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\/05\/03\/mena-fund-managers-plan-to-increase-their-exposure-to-egypt-this-quarter\/\">\r\n                            MENA fund managers plan to increase their exposure to Egypt this quarter                        <\/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\/05\/03\/mena-fund-managers-plan-to-increase-their-exposure-to-egypt-this-quarter\/\" 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\/05\/03\/mena-fund-managers-plan-to-increase-their-exposure-to-egypt-this-quarter\/')\">\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\/05\/03\/mena-fund-managers-plan-to-increase-their-exposure-to-egypt-this-quarter\/\">\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=MENA fund managers plan to increase their exposure to Egypt this quarter&url=https:\/\/enterpriseam.com\/egypt\/2020\/05\/03\/mena-fund-managers-plan-to-increase-their-exposure-to-egypt-this-quarter\/\">\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\/05\/03\/mena-fund-managers-plan-to-increase-their-exposure-to-egypt-this-quarter\/&title=MENA fund managers plan to increase their exposure to Egypt this quarter\">\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=MENA+fund+managers+plan+to+increase+their+exposure+to+Egypt+this+quarter+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F05%2F03%2Fmena-fund-managers-plan-to-increase-their-exposure-to-egypt-this-quarter%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\/05\/03\/mena-fund-managers-plan-to-increase-their-exposure-to-egypt-this-quarter\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571161\" class=\"content-area-description single-story post-571161 post type-post status-publish format-standard hentry category-speed-round tag-covid-19 tag-enterpriseam tag-investment-watch tag-saudi-arabia tag-speed-round tag-uae 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>MENA fund managers plan to increase their exposure to Egypt over the next three<\/strong><strong> months<\/strong>, <a href=\"https:\/\/www.reuters.com\/article\/us-funds-poll-mideast\/mena-managers-to-boost-egypt-funds-say-saudi-arabia-and-uae-most-vulnerable-reuters-poll-idUSKBN22C2DI\">according to a Reuters poll<\/a>. The majority of managers are bullish on investments in Egypt despite the market\u2019s \u201cexposure\u201d to the economic fallout caused by covid-19, including a drop in tourism and remittances, both of which are key sources of hard currency. One respondent pointed to Egypt being among one of a handful of countries that could avoid seeing its economy contract this year \u201cbecause of foreign reserves and credit lines with international financial institutions.\u201d<\/p>\n<p><strong>Investors are mixed on UAE, mostly bearish on Saudi:<\/strong> Four of the seven fund managers polled said they would boost their investments in the UAE despite the Abu Dhabi and Dubai stock markets tumbling YTD as shutdown measures spelled doom for the emirates\u2019 aviation and tourism industry. The investors said they\u2019ve pulled out of stocks in the worst-hit sectors and are now looking for \u201cbargains\u201d in markets they see as underpriced. Meanwhile, the picture is less rosy in Saudi Arabia, where four managers are keeping their allocations unchanged but at least one has already cut their exposure last quarter.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <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\/uae\/\">UAE<\/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=\"571178\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"571179\" 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=\"571179\">\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\/05\/03\/chinas-belt-and-road-loans-are-coming-under-pressure-amid-pandemic-squeeze\/\">\r\n                            China\u2019s Belt and Road loans are coming under pressure amid pandemic squeeze                        <\/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\/05\/03\/chinas-belt-and-road-loans-are-coming-under-pressure-amid-pandemic-squeeze\/\" 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\/05\/03\/chinas-belt-and-road-loans-are-coming-under-pressure-amid-pandemic-squeeze\/')\">\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\/05\/03\/chinas-belt-and-road-loans-are-coming-under-pressure-amid-pandemic-squeeze\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=China\u2019s Belt and Road loans are coming under pressure amid pandemic squeeze&url=https:\/\/enterpriseam.com\/egypt\/2020\/05\/03\/chinas-belt-and-road-loans-are-coming-under-pressure-amid-pandemic-squeeze\/\">\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\/05\/03\/chinas-belt-and-road-loans-are-coming-under-pressure-amid-pandemic-squeeze\/&title=China\u2019s Belt and Road loans are coming under pressure amid pandemic squeeze\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=China%E2%80%99s+Belt+and+Road+loans+are+coming+under+pressure+amid+pandemic+squeeze+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F05%2F03%2Fchinas-belt-and-road-loans-are-coming-under-pressure-amid-pandemic-squeeze%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\/05\/03\/chinas-belt-and-road-loans-are-coming-under-pressure-amid-pandemic-squeeze\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/5\/5.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"571180\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/03\/chinas-belt-and-road-loans-are-coming-under-pressure-amid-pandemic-squeeze\/5-jpg-26\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/5\/5.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"5.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/5\/5.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/5\/5.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571179\" class=\"content-area-description single-story post-571179 post type-post status-publish format-standard has-post-thumbnail hentry category-the-macro-picture tag-africa tag-belt-and-road-initiative tag-china tag-debt tag-enterpriseam tag-the-macro-picture wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>China\u2019s Belt and Road loans are coming under pressure amid pandemic squeeze:<\/strong> Several countries are seeking debt relief from China on loans handed out by its banks under the Belt and Road Initiative (BRI) as the covid-19 pandemic is straining their economies, <a href=\"https:\/\/www.ft.com\/content\/5a3192be-27c6-4fe7-87e7-78d4158bd39b\">the Financial Times reports<\/a>. Chinese lenders, including Exim Bank and China Development Bank, are considering suspending interest payments on the loans, while one policy adviser says certain borrowers could be allowed to reschedule their debts. Writing them off entirely, however, appears to be out of the question.<\/p>\n<p><strong>The debt relief requests appear to be concentrated in Africa, where lenders have doled out USD 461 bn in loans<\/strong> for BRI projects since 2013, according to figures from RWR Advisory. So far, Egypt is not among the countries that have requested debt relief from China. Cairo has borrowed some USD 15 bn from Chinese lenders through the initiative, including <a href=\"https:\/\/enterprise.press\/stories\/2019\/05\/02\/usd-3-bn-in-chinese-financing-for-egypt-as-el-sisi-deepens-ties-with-china-at-belt-and-road-forum-in-beijing\/\">USD 3 bn for the new administrative capital\u2019s central business district<\/a> from a group of lenders led by state-owned Industrial and Commercial Bank of China. China <a href=\"https:\/\/enterprise.press\/stories\/2018\/12\/17\/chinas-belt-and-road-initiative-sparks-backlash-across-asia\/\">has come under fire<\/a> multiple times before for the initiative, which some countries have criticized as the \u201cnew version of colonialism\u201d that has lured countries into debt traps. Loans to lower-income nations caused the IMF to rate in 2017 public debt as \u201cunsustainable\u201d or \u201cat high risk of unsustainability\u201d in 32 countries, compared to only 15 in 2013.<\/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\/africa\/\">Africa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/belt-and-road-initiative\/\">Belt and Road Initiative<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt\/\">debt<\/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=\"571181\" 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=\"571181\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/03\/egypt-in-the-news-on-3-may-2020\/\">\r\n                            Egypt in the news on 3 May 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\/05\/03\/egypt-in-the-news-on-3-may-2020\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2020\/05\/03\/egypt-in-the-news-on-3-may-2020\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2020\/05\/03\/egypt-in-the-news-on-3-may-2020\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt in the news on 3 May 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/05\/03\/egypt-in-the-news-on-3-may-2020\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2020\/05\/03\/egypt-in-the-news-on-3-may-2020\/&title=Egypt in the news on 3 May 2020\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+in+the+news+on+3+May+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F05%2F03%2Fegypt-in-the-news-on-3-may-2020%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/03\/egypt-in-the-news-on-3-may-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571181\" class=\"content-area-description single-story post-571181 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-commodities tag-covid-19 tag-diplomacy tag-egypt-in-the-news tag-enterpriseam tag-israel tag-politics tag-ramadan tag-wheat wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Leading the conversation on Egypt in the foreign press this morning is the death of<\/strong><strong> satirical filmmaker Shady Habash<\/strong>, 23, in Tora Prison, where he had been in pre-trial detention since 2018. The cause of Habash\u2019s death has not yet been disclosed. The story is getting ink in: <a href=\"https:\/\/www.nytimes.com\/2020\/05\/02\/world\/middleeast\/egypt-shady-habash-dead-sisi.html?searchResultPosition=1\">NY Times<\/a> | <a href=\"https:\/\/www.bbc.com\/arabic\/trending-52516589\">BBC Arabic<\/a> | <a href=\"https:\/\/www.washingtonpost.com\/world\/middle_east\/jailed-for-a-video-mocking-egypts-president-director-shady-habash-dies-in-custody\/2020\/05\/02\/afa2f7f2-8c90-11ea-8ac1-bfb250876b7a_story.html\">Washington Post<\/a> | <a href=\"https:\/\/www.france24.com\/en\/20200502-egypt-director-of-video-critical-of-sisi-dies-in-jail\">France\u2019s AFP<\/a> | <a href=\"https:\/\/www.dw.com\/en\/egypt-filmmaker-critical-of-president-el-sissi-dies-in-jail\/a-53314361\">Deutsche Welle<\/a> | <a href=\"https:\/\/www.wsj.com\/articles\/egyptian-filmmaker-who-mocked-president-in-music-video-dies-in-prison-11588444251\">Wall Street Journal<\/a> | <a href=\"https:\/\/www.ibtimes.com\/egypt-director-video-critical-sisi-dies-jail-2969136\">International Business Times<\/a> | <a href=\"https:\/\/www.theguardian.com\/world\/2020\/may\/02\/egyptian-filmmaker-who-mocked-president-dies-in-cairo-jail\">The Guardian<\/a>.<\/p>\n<p>Other headlines to keep on your radar:<\/p>\n<ul>\n<li><a href=\"https:\/\/foreignpolicy.com\/2020\/04\/30\/egypt-sisi-coronavirus-political-threat\/\">Foreign Policy<\/a> suggests that the <strong>covid-19 outbreak <\/strong>could have an impact on politics in Egypt.<\/li>\n<li><a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL3N2CH2K6\">Reuters<\/a> looks at the <strong>drying-up of remittances from foreign workers<\/strong>, including Egyptians in the Gulf, due to lockdown measures. <\/li>\n<li><strong>The harvest must go on:<\/strong> <a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL4N2CH1S8\">Reuters<\/a> is out with a feature on curfew-exempt Egyptian farmers during the wheat harvest season, as the country aims to increase its strategic commodity reserves.<\/li>\n<li><strong>Ramadan drama spills over into diplomatic ties:<\/strong> Israel\u2019s Foreign Ministry has issued a statement denouncing Egyptian mosalsal \u201cEl Nehaya,\u201d which depicts a future absent of the Israeli state, <a href=\"https:\/\/www.theguardian.com\/world\/2020\/may\/01\/egyptian-tv-show-el-nehaya-about-israels-destruction-opens-real-world-rift\">according to the Guardian<\/a>.<\/li>\n<li><strong>Bringing the circus home:<\/strong> <a href=\"https:\/\/apnews.com\/a910686caebe39e7c26a3a73f960afe7\">The AP<\/a> and <a href=\"https:\/\/www.voanews.com\/covid-19-pandemic\/egyptian-lion-tamers-entertain-people-their-home\">VOA News<\/a> both look at a sibling duo from a family of lion tamers who are now putting on shows with a circus lion from their homes.<\/li>\n<\/ul>\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\/commodities\/\">commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-in-the-news\/\">Egypt in the News<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/israel\/\">Israel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/politics\/\">politics<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/wheat\/\">wheat<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"571182\" 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=\"571182\">\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\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/03\/madbouly-al-mashat-hold-conferences-with-international-institutions-on-how-to-support-egypt-through-covid-19\/\">\r\n                            Madbouly, Al Mashat hold conferences with international institutions on how to support Egypt through covid-19                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li 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href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2020\/05\/03\/madbouly-al-mashat-hold-conferences-with-international-institutions-on-how-to-support-egypt-through-covid-19\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Madbouly, Al Mashat hold conferences with international institutions on how to support Egypt through covid-19&url=https:\/\/enterpriseam.com\/egypt\/2020\/05\/03\/madbouly-al-mashat-hold-conferences-with-international-institutions-on-how-to-support-egypt-through-covid-19\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2020\/05\/03\/madbouly-al-mashat-hold-conferences-with-international-institutions-on-how-to-support-egypt-through-covid-19\/&title=Madbouly, Al Mashat hold conferences with international institutions on how to support Egypt through covid-19\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Madbouly%2C+Al+Mashat+hold+conferences+with+international+institutions+on+how+to+support+Egypt+through+covid-19+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F05%2F03%2Fmadbouly-al-mashat-hold-conferences-with-international-institutions-on-how-to-support-egypt-through-covid-19%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/03\/madbouly-al-mashat-hold-conferences-with-international-institutions-on-how-to-support-egypt-through-covid-19\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571182\" class=\"content-area-description single-story post-571182 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-african-development-bank tag-covid-19 tag-diplomacy-foreign-trade tag-ebrd tag-economy tag-enterpriseam tag-international-finance-corporation tag-moustafa-madbouly tag-rania-al-mashat tag-world-bank wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Madbouly, Al Mashat talk to international institutions about ways to support Egypt<\/strong><strong> through the pandemic:<\/strong> Prime Minister <a href=\"https:\/\/bit.ly\/3d22Bn4\">Moustafa Madbouly<\/a> and International Cooperation Minister <a href=\"https:\/\/bit.ly\/3aXL0er\">Rania Al Mashat<\/a> spoke on Thursday with officials from a handful of lenders about supporting the private sector through the covid-19 crisis, providing credit lines to banks, and offering solidarity packages. The lenders included the World Bank, International Finance Corporation, European Investment Bank, European Bank for Reconstruction and Development, and the African Development Bank.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/african-development-bank\/\">African Development Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy-foreign-trade\/\">Diplomacy + Foreign Trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ebrd\/\">EBRD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/international-finance-corporation\/\">International Finance Corporation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/moustafa-madbouly\/\">Moustafa Madbouly<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/rania-al-mashat\/\">Rania Al Mashat<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-bank\/\">World Bank<\/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=\"571184\" 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=\"571184\">\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\">Automotive + Transportation<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/03\/suez-canal-authority-cuts-passage-fees-reduced-for-two-months\/\">\r\n                            Suez Canal Authority cuts passage fees reduced for two 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\/05\/03\/suez-canal-authority-cuts-passage-fees-reduced-for-two-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\/05\/03\/suez-canal-authority-cuts-passage-fees-reduced-for-two-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\/05\/03\/suez-canal-authority-cuts-passage-fees-reduced-for-two-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=Suez Canal Authority cuts passage fees reduced for two months&url=https:\/\/enterpriseam.com\/egypt\/2020\/05\/03\/suez-canal-authority-cuts-passage-fees-reduced-for-two-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\/05\/03\/suez-canal-authority-cuts-passage-fees-reduced-for-two-months\/&title=Suez Canal Authority cuts passage fees reduced for two 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=Suez+Canal+Authority+cuts+passage+fees+reduced+for+two+months+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F05%2F03%2Fsuez-canal-authority-cuts-passage-fees-reduced-for-two-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\/05\/03\/suez-canal-authority-cuts-passage-fees-reduced-for-two-months\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571184\" class=\"content-area-description single-story post-571184 post type-post status-publish format-standard hentry category-automotive-transportation tag-automotive-transportation tag-enterpriseam tag-suez-canal-authority tag-trade tag-transport wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The Suez Canal Authority has <a href=\"https:\/\/www.suezcanal.gov.eg\/Arabic\/Navigation\/NavigationCirculars\/Pages\/PC_30-04-2020_1.aspx\">reduced fees<\/a> for container ships crossing the Suez Canal until 30 June. Fees will be slashed by 60%-75% for transit container ships originating from the US and heading to destinations in Southeast Asia. Container ships originating from Northwest European ports and the ports of Tangier and Algeria, also heading to Southeast Asian ports, will see fees reduced by 17% as of 1 May and until 30 June. The SCA has regularly been offering discounts to vessels passing through the canal in a bid to attract more traffic.<\/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\/automotive-transportation\/\">Automotive + Transportation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/suez-canal-authority\/\">Suez Canal Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <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=\"571185\" 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=\"571185\">\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\">Legislation + Policy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/03\/finmin-raises-fees-in-exec-regs-of-customs-act\/\">\r\n                            FinMin raises fees in exec regs of Customs Act                        <\/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\/05\/03\/finmin-raises-fees-in-exec-regs-of-customs-act\/\" 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\/05\/03\/finmin-raises-fees-in-exec-regs-of-customs-act\/')\">\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\/05\/03\/finmin-raises-fees-in-exec-regs-of-customs-act\/\">\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=FinMin raises fees in exec regs of Customs Act&url=https:\/\/enterpriseam.com\/egypt\/2020\/05\/03\/finmin-raises-fees-in-exec-regs-of-customs-act\/\">\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\/05\/03\/finmin-raises-fees-in-exec-regs-of-customs-act\/&title=FinMin raises fees in exec regs of Customs Act\">\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=FinMin+raises+fees+in+exec+regs+of+Customs+Act+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F05%2F03%2Ffinmin-raises-fees-in-exec-regs-of-customs-act%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\/05\/03\/finmin-raises-fees-in-exec-regs-of-customs-act\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571185\" class=\"content-area-description single-story post-571185 post type-post status-publish format-standard hentry category-legislation-policy tag-customs tag-customs-act tag-customs-authority tag-enterpriseam tag-finance-ministry tag-legislation-policy wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The Finance Ministry raised a handful of customs fees outlined in the executive regulations of the Customs Act, according to a decision published in the Official Gazette and picked up by <a href=\"https:\/\/www.almasdar.com\/99219\">Al Masdar<\/a>. The increased costs include the deposit required for the release of goods, the royalties paid to the Customs Authority for goods stored in customs, and the cost of issuing official documents and storing goods.<\/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\/customs\/\">customs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/customs-act\/\">Customs Act<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/customs-authority\/\">Customs Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/finance-ministry\/\">Finance Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/legislation-policy\/\">Legislation + Policy<\/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=\"571186\" 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=\"571186\">\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\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/03\/egypt-relocates-karnaks-four-ram-headed-sphinxes-to-tahrir-square\/\">\r\n                            Egypt relocates Karnak\u2019s four ram-headed sphinxes to Tahrir Square                        <\/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\/05\/03\/egypt-relocates-karnaks-four-ram-headed-sphinxes-to-tahrir-square\/\" 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\/05\/03\/egypt-relocates-karnaks-four-ram-headed-sphinxes-to-tahrir-square\/')\">\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\/05\/03\/egypt-relocates-karnaks-four-ram-headed-sphinxes-to-tahrir-square\/\">\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 relocates Karnak\u2019s four ram-headed sphinxes to Tahrir Square&url=https:\/\/enterpriseam.com\/egypt\/2020\/05\/03\/egypt-relocates-karnaks-four-ram-headed-sphinxes-to-tahrir-square\/\">\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\/05\/03\/egypt-relocates-karnaks-four-ram-headed-sphinxes-to-tahrir-square\/&title=Egypt relocates Karnak\u2019s four ram-headed sphinxes to Tahrir Square\">\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+relocates+Karnak%E2%80%99s+four+ram-headed+sphinxes+to+Tahrir+Square+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F05%2F03%2Fegypt-relocates-karnaks-four-ram-headed-sphinxes-to-tahrir-square%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\/05\/03\/egypt-relocates-karnaks-four-ram-headed-sphinxes-to-tahrir-square\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/5\/6.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"571187\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/03\/egypt-relocates-karnaks-four-ram-headed-sphinxes-to-tahrir-square\/6-jpg-18\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/5\/6.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"6.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/5\/6.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/5\/6.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571186\" class=\"content-area-description single-story post-571186 post type-post status-publish format-standard has-post-thumbnail hentry category-on-your-way-out tag-archaeology tag-enterpriseam tag-tahrir-square wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Gov\u2019t relocates Karnak\u2019s four ram-headed sphinxes to Tahrir Square: <\/strong>The government has moved four ram-headed sphinx statues from Luxor\u2019s Karnak Temple to Tahrir Square after renovation work, <a href=\"https:\/\/bit.ly\/2Stj8si\">according to a Tourism and Antiquities Ministry statement<\/a>. The statues were placed on pedestals near the King Ramses II obelisk, which was recently reassembled in Tahrir. <a href=\"https:\/\/arabic.euronews.com\/2020\/05\/02\/egyptian-authoritie-moves-four-sphinxes-to-tahrir-square\">Euronews<\/a> took note of the story, suggesting that the move could endanger the iconic statues due to the capital\u2019s high pollution levels.<\/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\/archaeology\/\">archaeology<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tahrir-square\/\">Tahrir Square<\/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=\"571188\" 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=\"571188\">\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\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/03\/the-market-yesterday-83\/\">\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\/05\/03\/the-market-yesterday-83\/\" 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\/05\/03\/the-market-yesterday-83\/')\">\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\/05\/03\/the-market-yesterday-83\/\">\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\/05\/03\/the-market-yesterday-83\/\">\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\/05\/03\/the-market-yesterday-83\/&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%2F05%2F03%2Fthe-market-yesterday-83%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\/05\/03\/the-market-yesterday-83\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571188\" class=\"content-area-description single-story post-571188 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 15.60<br \/>\n <strong>EGP \/ USD at NBE: <\/strong>Buy 15.68 | Sell 15.78<\/p>\n<p><strong>EGX30<\/strong> (Thursday): 10,554 (+0.1%)<br \/>\n <strong>Turnover:<\/strong> EGP 1.0 bn (49% above the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: -24.4%<\/p>\n<p><strong>THE MARKET ON THURSDAY:<\/strong> The EGX30 ended Thursday\u2019s session up 0.1%. CIB, the index\u2019s heaviest constituent, ended up 0.5%. EGX30\u2019s top performing constituents were AMOC up 4.8%, Juhayna up 3.2%, and Qalaa Holdings up 1.8%. Thursday\u2019s worst performing stocks were CIRA (down 4.3%), Egyptian Resorts (-2.8%) and Dice (- 2.2%). Market turnover was EGP 1 bn and local investors were the sole net sellers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Short | EGP -112.2 mn<br \/>\n <strong>Regional<\/strong>: Net Short | EGP -21.2 mn<br \/>\n <strong>Domestic<\/strong>: Net Long | EGP +133.3 mn<\/p>\n<p><strong>Retail<\/strong>: 58.8% of total trades | 56.1% of buyers | 61.6% of sellers<br \/>\n <strong>Institutions<\/strong>: 41.2% of total trades | 43.9% of buyers | 38.4% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 19.78 (+4.99%)<br \/>\n <strong>Brent:<\/strong> USD 26.44 (-0.15%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 1.89 MMBtu, (-3.03%, Jun 2020)<br \/>\n <strong>Gold:<\/strong> USD 1,700.90 \/ troy ounce (+0.40%)<\/p>\n<p><strong>TASI:<\/strong> 7,112.90 (+1.83%) (YTD: -15.21%)<br \/>\n <strong>ADX:<\/strong> 4,230.37 (+0.20%) (YTD: -16.66%)<br \/>\n <strong>DFM:<\/strong> 2,026.61 (+1.12%) (YTD: -26.70%)<br \/>\n <strong>KSE Premier Market:<\/strong> 5,356.25 (+1.72%)<br \/>\n <strong>QE:<\/strong> 8,764.05 (+0.72%) (YTD: -15.94%)<br \/>\n <strong>MSM:<\/strong> 3,539.46 (+0.02%) (YTD: -11.10%)<br \/>\n <strong>BB: <\/strong>1,310.73 (+0.16%) (YTD: -18.60%)<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-market-yesterday\/\">The Market Yesterday<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"571189\" 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\/05\/03\/571189\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571189\" class=\"content-area-description single-story post-571189 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>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>31 May (Sunday): <a href=\"https:\/\/hapijournal.com\/2020\/04\/28\/%d8%a2%d8%b1%d8%a7%d8%a8%d9%8a%d8%a7-%d8%a7%d9%86%d9%81%d8%b3%d8%aa%d9%85%d9%86%d8%aa%d8%b3-%d8%ad%d8%ac%d8%b2-%d8%af%d8%b9%d9%88%d9%89-%d8%a7%d9%84%d9%82%d8%a7%d9%87%d8%b1%d8%a9-%d9%84%d9%84%d8%aa-2\/\">A postponed court session<\/a> for the lawsuit filed by Cairo Development and Auto Industry, a subsidiary of Arabia Investment Holding, against Peugeot Automotive to demand EUR 150 mn compensation.<\/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\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":571157,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-571156","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"fd4547ee-ba80-4e65-898a-d13f85c30ae3","teaser":"","photo_url":"https:\/\/ent.news\/2020\/5\/1.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>A ray of light? Fund managers like Egypt \u2014 and the worst of the capital outflows could be over. - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/issues\/a-ray-of-light-fund-managers-like-egypt-and-the-worst-of-the-capital-outflows-could-be-over\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A ray of light? 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