{"id":571310,"date":"2020-05-07T04:00:42","date_gmt":"2020-05-07T04:00:42","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=571310"},"modified":"2025-12-16T07:56:26","modified_gmt":"2025-12-16T07:56:26","slug":"imf-expected-to-approve-usd-2-7-bn-for-egypt-on-monday","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/imf-expected-to-approve-usd-2-7-bn-for-egypt-on-monday\/","title":{"rendered":"IMF expected to approve USD 2.7 bn for Egypt on Monday"},"content":{"rendered":"<section id=\"571312\" 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=\"571312\">\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\/07\/what-were-tracking-on-7-may-2020\/\">\r\n                            What we\u2019re tracking on 7 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\/07\/what-were-tracking-on-7-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(); 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A handful of things we\u2019re thinking of as we get ready to slide into the weekend:<\/p><p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>The Education Ministry is looking at how some students might return to the classroom <\/strong><strong>in the fall<\/strong>, Education Minister Tarek Shawki told talk show host Wael El Ibrachy (<a href=\"https:\/\/youtu.be\/3Cka8LsQ6Cs?t=1496\">watch, runtime: 33:35<\/a>). The ministry is mulling a rotation system for public schools that would see a six-day school week with students divided into three groups, each of which would spend two days in the classroom and four days learning from home each week. <strong>We\u2019re taking that as a signal students are unlikely to return to classrooms before fall. <\/strong><\/p><p><strong>That has us wondering what classes at private schools might look like when schools <\/strong><strong>are \u201cback to <\/strong><strong>normal.\u201d <\/strong>The rotation policy could be one solution. Another: Canada\u2019s <a href=\"https:\/\/www.theglobeandmail.com\/canada\/article-quebec-school-boards-provide-a-glimpse-of-the-new-normal-in-classrooms\/\">Globe &amp; Mail<\/a> looks at what\u2019s happening as some K-12 schools prepare to reopen in the province of Quebec as early as next week. The takeaway: Look for art, PE, drama and other elective classes to be cancelled and far fewer students sitting in each classroom. On the postsecondary side, <a href=\"https:\/\/www.businessinsider.com\/what-college-might-look-like-zoom-classes-and-no-parties-2020-5\">Business Insider<\/a> says some high-profile US colleges are preparing for more online learning this fall, while others will take a hybrid approach, offering a mix of online learning and on-campus instruction \u2014 and no extracurricular activities to speak of.<\/p><p><strong>Expect lots of pressure to revise not just your seating plan, but your WFH policies <\/strong><strong>when schools do go back into session: <\/strong>With many in the business community starting to itch about returning to our way of life pre-covid, we\u2019ve been thinking a lot about office space. We talked earlier this week about how the NYT thinks <a href=\"https:\/\/www.nytimes.com\/2020\/05\/04\/health\/coronavirus-office-makeover.html\">the open-plan office could be on the endangered species list<\/a>. Yesterday, <a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-usa-workplace\/the-end-of-the-open-plan-office-workspaces-get-post-pandemic-makeovers-idUSKBN22H2BC?il=0\">Reuters<\/a> got in on the act, while the <a href=\"https:\/\/www.wsj.com\/articles\/lockdown-reopen-office-coronavirus-privacy-11588689725\">Wall Street Journal<\/a> wonders whether corporate leaders are going to turn more and more to surveillance technologies in the workplace under the guise of safeguarding employee health. Real estate company Cushman &amp; Wakefield, meanwhile, is pushing a new office design (<a href=\"https:\/\/www.youtube.com\/watch?v=kLVMAgHxpyI\">watch, runtime: 2:09<\/a>).<\/p><p><strong><a href=\"https:\/\/www.nytimes.com\/2020\/05\/05\/business\/pandemic-work-from-home-coronavirus.html\">But what if you love WFH and just don\u2019t wanna go back?<\/a><\/strong> Corporate leaders are going to come under pressure to re-think their work-from-home policies \u2014 particularly after schools go back (touch wood) and it becomes a lot easier for many knowledge workers to focus at home.<\/p><p><strong>Oh, and speaking of kids going back: <\/strong>A growing body of evidence suggests <a href=\"https:\/\/www.nytimes.com\/2020\/05\/05\/health\/coronavirus-children-transmission-school.html\">the little<\/a><a href=\"https:\/\/www.nytimes.com\/2020\/05\/05\/health\/coronavirus-children-transmission-school.html\">ankle-biters may be important spreaders of covid-19<\/a> after all \u2014 a potentially worrisome development given <strong><a href=\"https:\/\/www.cnbc.com\/2020\/05\/05\/the-coronavirus-mutated-and-appears-to-be-more-contagious-now-new-study-finds.html\">the virus that causes covid appears to have mutated to become more infectious<\/a><\/strong><strong>.<\/strong><\/p><hr class=\"grey-line\"><p><strong>News triggers to keep your eye on<\/strong> over the coming days:<\/p><ul>\n<li><strong>Foreign reserves figures<\/strong> for April should be released today;<\/li>\n<li><strong>Inflation figures<\/strong> for April are out on Sunday, 10 May.<\/li>\n<li><strong>The CBE\u2019s Monetary Policy Committee<\/strong> meets next Thursday, 14 May, to review interest rates.<\/li>\n<\/ul><p><strong>The market today: <\/strong>Shares in Hong Kong, Tokyo, and China were down in early trading this morning, with only Seoul bucking the trend. Futures suggest shares in continental Europe will open down while the London Stock Exchange and US benchmarks appear set to up in the green later today.<\/p><p><strong>The EGX30 was up 1% yesterday as foreigners emerged as net buyers. <\/strong>This is the first day this week the exchange ended the session in the green. EGP 909 mn-worth of shares changed hands yesterday, about 33% above the 90-day trailing average. The benchmark index is now down 26.3% since the start of the year.<\/p><p><strong>So, when do we eat? <\/strong>Maghrib prayers are at 6:36pm and you\u2019ll have until 3:29am to finish caffeinating. Fajr is coming one minute earlier every day through the end of the Holy Month.<\/p><p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/5\/Covid-graph-6-May-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/p><p><strong>COVID-19 IN EGYPT-<\/strong><\/p><p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>Egypt has now disclosed a total of 7,588 confirmed cases of covid-19<\/strong> after <a href=\"https:\/\/bit.ly\/2yykk6Z\">the Health<\/a><a href=\"https:\/\/bit.ly\/2yykk6Z\">Ministry reported<\/a> 387 new infections yesterday. The ministry also said that another 17 people had died from the virus, taking the death toll to 469. We now have a total of 2,314 confirmed cases that have since tested negative for the virus after being hospitalized or isolated, of whom 1,815 have fully recovered.<\/p><p><strong>The advertising industry was driven to a near standstill by the outbreak, <\/strong>according to Federation of Egyptian Industries member Ashraf Khairy, <a href=\"https:\/\/bit.ly\/2Wc9exv\">according to Al Shorouk<\/a>. Khairy suggests that advertising activity by real estate developers is down 70% from this time last year, with outdoor ads having taken it on the chin particularly hard. <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cde5f67b-aa32-48f3-b6d5-c981767e257f\">A study by outdoor ad aggregator Admazad<\/a> earlier this week noted that <strong>more than half of billboards in the Greater Cairo Area were empty in April 2020 <\/strong>compared to a vacancy rate of just 18% in the same month last year.<\/p><p><strong>The State Council is heading back to work on Saturday <\/strong>\u2014 under certain conditions. <a href=\"https:\/\/amwalalghad.com\/2020\/05\/06\/%d9%85%d8%ac%d9%84%d8%b3-%d8%a7%d9%84%d8%af%d9%88%d9%84%d8%a9-%d9%8a%d8%b9%d9%88%d8%af-%d9%84%d9%84%d8%b9%d9%85%d9%84-%d8%a8%d8%af%d8%a7%d9%8a%d8%a9-%d9%85%d9%86-%d8%a7%d9%84%d8%b3%d8%a8%d8%aa-%d9%85\/\">The<\/a><a href=\"https:\/\/amwalalghad.com\/2020\/05\/06\/%d9%85%d8%ac%d9%84%d8%b3-%d8%a7%d9%84%d8%af%d9%88%d9%84%d8%a9-%d9%8a%d8%b9%d9%88%d8%af-%d9%84%d9%84%d8%b9%d9%85%d9%84-%d8%a8%d8%af%d8%a7%d9%8a%d8%a9-%d9%85%d9%86-%d8%a7%d9%84%d8%b3%d8%a8%d8%aa-%d9%85\/\">local press reports<\/a> that only staff and court lawyers will be admitted into the building and that there will be a cap on how many people are allowed into court to enforce social distancing.<\/p><p><strong>The government is coordinating with unnamed producers to ramp up production of <\/strong><strong>medical masks<\/strong>, Prime Minister Moustafa Madbouly said yesterday, <a href=\"https:\/\/bit.ly\/2Wa9iOn\">according to a Cabinet statement<\/a>.<\/p><p><strong>Egypt has repatriated 104 citizens from India<\/strong>, <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1975165\">according to Al Masry Al Youm<\/a>. The returnees will remain under the regular 14-day quarantine at a Marsa Alam hotel before being released.<\/p><p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/5\/HA-EgyptAir-supplies-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/p><p><strong>DONATIONS-<\/strong><\/p><p><strong>Hassan Allam and Elsewedy Electric have covered the cost of more than 40-tonnes of medical supplies.<\/strong> The Unified Procurement Authority has imported more than 40 tonnes of medical supplies in two separate shipments over the past month, according to <a href=\"https:\/\/ent.news\/2020\/5\/200505-%D8%A8%D9%8A%D8%A7%D9%86-%D8%B5%D8%AD%D9%81%D9%8A-v2.pdf\">an emailed statement (pdf)<\/a>. Hassan Allam and Elsewedy Group each paid for one of the shipments.<\/p><p><strong>State-owned e<\/strong><strong>-Finance has donated EGP 500k-worth of meals<\/strong> in collaboration with the Misr El Kheir Foundation and the ministries of social solidarity and youth and sports, a company <a href=\"https:\/\/ent.news\/2020\/5\/e-finance-Misr-El-Kheir-donation-.pdf\">statement (pdf)<\/a> said.<\/p><p class=\"web-image\"><a href=\"https:\/\/ent.news\/2020\/5\/ADP-NATIONAL-EMPLOYMENT-REPORT-April2020-Final-Press-Release.pdf\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/5\/US-jobs-April2020-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p><p><strong>GLOBAL MACRO-<\/strong><\/p><p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>Three stories are vying for your attention right now. <\/strong>Any one of them would be blockbuster news in normal times:<\/p><ul>\n<li>The US is just now accepting it is in for a very long economic recovery;<\/li>\n<li>The slump in Europe is shaping up to be the worst since the Second World War;<\/li>\n<li>And this is the moment the Trump administration thinks the best idea is to ramp up tensions with Beijing.<\/li>\n<\/ul><p><strong>SINO-AMERICAN TENSIONS- <\/strong>The new chill in Sino-American relations is front-page news on both sides of the Atlantic, as these stories from the <a href=\"https:\/\/www.ft.com\/content\/aa212bb1-0738-4c49-b44b-128c078028cc\">Financial Times<\/a> and the <a href=\"https:\/\/www.wsj.com\/articles\/coronavirus-casts-deep-chill-over-u-s-china-relations-11588781420?mod=hp_lead_pos5\">Wall Street Journal<\/a> make clear. The Donald is considering measures to \u201ccurb supply chains and investment flows\u201d out of anger over how Beijing handled the coronavirus outbreak. That comes as analyst expect China to report a double-digit drop in both exports and imports for April, a <a href=\"https:\/\/www.reuters.com\/article\/us-china-economy-trade-poll\/china-april-exports-imports-set-to-plummet-as-virus-crushes-global-demand-reuters-poll-idUSKBN22I0Q3\">Reuters poll<\/a> showed yesterday.<\/p><hr class=\"grey-line\"><p><strong>CORPORATE AMERICA has woken up to the fact that cash is king. <\/strong>US execs are more concerned about financing than at any point during the 2008-09 recession, according to <a href=\"https:\/\/papers.ssrn.com\/sol3\/papers.cfm?abstract_id=3592929\">a new study by researchers at the Federal Reserve<\/a>. Data gathered from more than 600 earnings calls in April reveal that 42% of US non-financial public companies are considering cutting back on investments, significantly higher than the 25% recorded at the peak of the last recession. More than a quarter of firms are discussing cutting payouts and 17% are drawing down credit lines, more than twice the number in 2008.<\/p><p><strong>The US jobs market is an unmitigated disaster right now:<\/strong> More than 20 mn Americans were laid off in the month of April, according to the latest <a href=\"https:\/\/ent.news\/2020\/5\/ADP-NATIONAL-EMPLOYMENT-REPORT-April2020-Final-Press-Release.pdf\">ADP National Employment Report (pdf)<\/a>. It\u2019s the worst month of job losses in the report\u2019s history \u2014 more than twice as many jobs were lost in April as were lost during the entire global financial crisis.<\/p><p><strong>With that in mind, it\u2019s no wonder why states are desperate to reopen their economies.<\/strong> But with 30k cases still being reported every day, inadequate testing, and the inability to trace 30k people a day,<strong> \u201cAmerica is steamrolling toward a nightmarish failure to control the coronavirus,\u201d<\/strong> <a href=\"https:\/\/www.axios.com\/next-phase-americas-coronavirus-failure-2e6b4e59-9790-411c-88f4-3444e3d9bf4d.html?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=newsletter_axiosmarkets&amp;stream=business\">Axios says<\/a>.<\/p><p><strong>Forget about that V-shaped recovery: <\/strong>Blackrock boss Larry Fink told a private meeting of investors to expect a wave of bankruptcies in the coming months, an extended slump in consumer demand, and an 8% corporate tax hike to 29%, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-05-06\/fink-delivers-grim-outlook-with-tax-hikes-for-corporate-america?srnd=premium&amp;sref=mmeFTDW1\">Bloomberg reports<\/a>, citing a person with knowledge of the conversation.<\/p><hr class=\"grey-line\"><p><strong>THE WORST OUTLOOK IN EUROPE since the war \u2014 and there\u2019s more to come<\/strong>. \u201c\u2018The euro area is facing an economic contraction of a magnitude and speed that are unprecedented in peacetime,\u2019 Christine Lagarde, the president of the European Central Bank, said as she warned that the eurozone economy could shrink by as much as 12 percent this year,\u201d the <a href=\"https:\/\/www.nytimes.com\/2020\/04\/30\/business\/europe-economy-coronavirus-recession.html\">New York Times<\/a> reports. Policymakers agree the ECB can\u2019t turn things around without coordinated help from politicians, but analysts worry the \u201cdivided\u201d EU may not be able to get the job done.<\/p><p><strong>Germany is the poster child for what\u2019s good and bad in the EU right now: <\/strong>Its <a href=\"https:\/\/www.theguardian.com\/business\/2020\/may\/05\/jolt-to-eurozone-as-german-court-warns-against-central-bank-stimulus\">constitutional<\/a><a href=\"https:\/\/www.theguardian.com\/business\/2020\/may\/05\/jolt-to-eurozone-as-german-court-warns-against-central-bank-stimulus\">court ruled<\/a> this week that one of the ECB\u2019s primary tools to protect the euro and support sovereign bond prices violates the German constitution, <a href=\"https:\/\/www.ft.com\/content\/d93008c5-2b3c-4b2e-9499-5eabaaa959db\">the FT reports<\/a>. The news comes as Chancellor Angela Merkel said German has put the first phase of the pandemic behind it and will now prepare to reopen \u201cschools, day care centers, stores and restaurants\u201d in the coming days and hotels by the end of the month.<\/p><p><strong>AND THE REST OF THE WORLD- <\/strong><\/p><p><strong>Almost a third of the world\u2019s population will be living in regions too hot for human <\/strong><strong>habitation by 2070<\/strong> if climate change continues on its current track, according to a <a href=\"https:\/\/www.pnas.org\/content\/early\/2020\/04\/28\/1910114117\">study<\/a> published in the Proceedings of the National Academy of Sciences, the <a href=\"https:\/\/www.nytimes.com\/2020\/05\/04\/climate\/heat-temperatures-climate-change.html?action=click&amp;module=Well&amp;pgtype=Homepage&amp;section=Climate%20and%20Environment\">New York Times reports<\/a>. The regions most likely to be affected are those whose populations are growing the fastest today, adding to concerns. <strong>The list includes the Middle East<\/strong>, sub-Saharan Africa, India, South America, Southeast Asia and Australia.<\/p><p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/5\/Amr-Abouesh-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/p><p><strong>It\u2019s Making It day: <\/strong>Episode three of the second season of our podcast on building a great business in Egypt is out today. Look for the latest episodes every Thursday this Ramadan.<\/p><p><strong>Today\u2019s guest: Amro Abouesh, CEO and Managing Director of <\/strong><strong><a href=\"https:\/\/tanmeyah.com\/en\/about-us\/\">Tanmeyah<\/a><\/strong>, who left a comfortable position with Banque du Caire to roll the dice as a founder of Tanmeyah, which has grown from a scrappy startup into the nation\u2019s leading private-sector microfinance player \u2014 and prompted just about everyone else in the finance industry to look at how to make money serving the \u2018bottom of the pyramid\u2019 in the nation\u2019s economy. Tanmeyah grew as a portfolio company of investment company Qalaa Holdings before being acquired by frontier and emerging markets financial services player EFG Hermes.<\/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\/amro-abouesh-ceo-and-managing-director-of-tanemyah\/id1487974619?i=1000473746110\">Apple Podcast<\/a> | <a href=\"https:\/\/podcasts.google.com\/feed\/aHR0cHM6Ly93d3cub21ueWNvbnRlbnQuY29tL2QvcGxheWxpc3QvNWE1NmQ3YzMtZjI4MS00NTU3LThlMzEtYWFjODAxN2NjZjA2L2U3ZjE1ZWYwLWMwOWYtNDFiNi1iZDM4LWFiMDUwMGMwNDVlZi82OTc0ODFkMi04OGRmLTRlYjMtYmY3Mi1hYjA1MDBjMjllOWYvcG9kY2FzdC5yc3M\/episode\/NWU1ZTY5ZjctMWE0OS00ZTkyLThhY2MtYWJiMzAwOTQ4YmRh?ved=0CA0Q38oDahcKEwigg-Sv_p7pAhUAAAAAHQAAAAAQAQ\">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>\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\/aramco\/\">Aramco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-inclusion\/\">financial inclusion<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/informal-economy\/\">informal economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/making-it\/\">Making It<\/a>\n         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class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 .stk-block-carousel__button 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stk-block-column__content stk-container stk-70egojs-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-70egojs-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-u278zk5\" data-v=\"4\" data-block-id=\"u278zk5\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-u278zk5-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-u278zk5-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                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   <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\/07\/last-nights-talk-shows-for-thursday-7-may-2020\/\">\r\n                            Last night\u2019s talk shows for Thursday, 7 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\/07\/last-nights-talk-shows-for-thursday-7-may-2020\/\" 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format-standard hentry category-enterprise-last-nights-talk-shows tag-enterprise-last-nights-talk-shows tag-enterpriseam tag-talk-shows wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Nothing to see here, folks. <\/strong>We\u2019ll be back on Sunday after TV\u2019s power couple Lamees El Hadidi and Amr Adib return to the studio on Saturday night.<\/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\/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\/talk-shows\/\">talk shows<\/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=\"571315\" 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=\"571315\">\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\/07\/imf-expected-to-approve-usd-2-7-bn-in-fresh-funding-for-egypt-on-monday\/\">\r\n                            IMF expected to approve USD 2.7 bn in fresh funding for Egypt on Monday                        <\/a>\r\n  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size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"571316\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/07\/imf-expected-to-approve-usd-2-7-bn-in-fresh-funding-for-egypt-on-monday\/71-jpg-20\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/5\/71.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"71.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/5\/71.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/5\/71.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571315\" class=\"content-area-description single-story post-571315 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round tag-covid-19 tag-debt tag-enterpriseam tag-speed-round wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>The IMF is expected to approve USD 2.7 bn in new funding for Egypt when it <\/strong><strong>meets on <\/strong><strong>Monday<\/strong>, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-05-06\/imf-said-to-be-readying-approval-of-2-7-billion-loan-for-egypt?sref=mmeFTDW1\">Bloomberg reports<\/a>, citing an official familiar with the matter. Egypt applied last month for new funding via a one-year rapid financing instrument (RFI) and a stand-by arrangement (SBA) to help support its balance of payments and maintain its reform momentum. \u201cThe IMF staff is in discussions with the authorities and expects to present the RFI request to the board on 11 May,\u201d IMF Mission Chief for Egypt Uma Ramakrishnan told Bloomberg. <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4bd90971-89ac-402a-95c9-174eb7fcae89\">A report in the local press earlier this week<\/a> claimed that Egypt could receive the first tranche of funding by Monday, citing an unnamed central bank official.<\/p>\n<p><strong>The <\/strong><strong><a href=\"https:\/\/www.imf.org\/external\/NP\/SEC\/bc\/eng\/index.aspx\">calendar page<\/a><\/strong><strong> for the IMF\u2019s executive board for Monday shows only one agenda <\/strong><strong>item: <\/strong>a discussion of Egypt\u2019s request for an RFI.<\/p>\n<p><strong>We\u2019re still not clear on how much we\u2019re going to get via the SBA: <\/strong>The agreement will, like the RFI, last for one year and will be accompanied with a sovereign bond issuance to shore up Egypt\u2019s current account, the official said, without providing a figure. The Institute of International Finance (IIF) said in a research note this week that, overall, we could receive up to USD 8.4 bn (or 300% of our quota) under both arrangements, but this would depend on financing needs, repayment capacity, and our track record in using previous IMF funds.<\/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\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/speed-round\/\">SPEED ROUND<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"571330\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"571331\" 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=\"571331\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/07\/egypt-in-the-news-on-7-may-2020\/\">\r\n                            Egypt in the News on 7 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\/07\/egypt-in-the-news-on-7-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\/07\/egypt-in-the-news-on-7-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\/07\/egypt-in-the-news-on-7-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 7 May 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/05\/07\/egypt-in-the-news-on-7-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\/07\/egypt-in-the-news-on-7-may-2020\/&title=Egypt in the News on 7 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+7+May+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F05%2F07%2Fegypt-in-the-news-on-7-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\/07\/egypt-in-the-news-on-7-may-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571331\" class=\"content-area-description single-story post-571331 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-covid-19 tag-economy tag-egypt-in-the-news tag-enterpriseam tag-health tag-human-rights tag-pandemic tag-ramadan tag-tax wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Leading the conversation in the foreign press this morning:<\/strong> Satirical filmmaker Shady Habash died in Tora Prison from alcohol poisoning after reportedly mistaking a bottle of alcohol-based sanitizer for water, the prosecutor general\u2019s office said in a <a href=\"https:\/\/bit.ly\/3fsDPhO\">statement<\/a> on Tuesday. Three inmates corroborated the account, the statement adds. Habash, 23, had been in pre-trial detention since 2018 over charges of spreading false information and belonging to a banned organization after directing a music video that satirized the head of state. (<a href=\"https:\/\/www.bangkokpost.com\/world\/1913496\/egyptian-video-maker-died-of-alcohol-poisoning-in-jail-prosecutor\">AFP<\/a> | <a href=\"https:\/\/www.theguardian.com\/world\/2020\/may\/06\/egypt-film-maker-shady-habash-died-after-drinking-hand-sanitiser\">The Guardian<\/a> | <a href=\"https:\/\/www.bbc.co.uk\/news\/world-middle-east-52559134\">BBC<\/a> | <a href=\"https:\/\/www.washingtonpost.com\/opinions\/global-opinions\/another-dissident-dies-in-egypt-as-the-government-keeps-imprisoning-more\/2020\/05\/06\/a11da64a-8eee-11ea-9e23-6914ee410a5f_story.html\">Washington Post<\/a> | <a href=\"https:\/\/www.opendemocracy.net\/en\/north-africa-west-asia\/egypt-brutal-history-state-encounters\/\">Open Democracy<\/a>)<\/p>\n<p>Also featuring in the foreign press this morning:<\/p>\n<ul>\n<li><strong>Enforcing social distancing is an uphill struggle in Cairo:<\/strong> Shopkeepers are struggling to enforce social distancing as customers stock up on Ramadan supplies, despite repeated calls by authorities to take covid-19 precautionary measures seriously, <a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL8N2CM64O\">Reuters reports<\/a>.<\/li>\n<li><strong>Calls for progressive reform:<\/strong> The government should undertake more social spending, use competitive bidding for all public contracts, and adopt a more progressive tax regime to ensure the economy can withstand future crises, argues <a href=\"https:\/\/www.bloomberg.com\/opinion\/articles\/2020-05-06\/coronavirus-the-pandemic-should-spur-new-reforms-in-egypt?srnd=premium-middle-east&sref=mmeFTDW1\">Timothy Kaldas in this Bloomberg opinion piece<\/a>.<\/li>\n<li><strong>The plight of Egypt\u2019s poor during lockdown:<\/strong> <a href=\"https:\/\/www.voanews.com\/episode\/egypt-announces-partial-opening-economy-plunges-downward-4281086\">A<\/a><a href=\"https:\/\/www.voanews.com\/episode\/egypt-announces-partial-opening-economy-plunges-downward-4281086\">Voice of America video report<\/a><a href=\"https:\/\/www.voanews.com\/episode\/egypt-announces-partial-opening-economy-plunges-downward-4281086\"><\/a>highlights the struggles faced by Egypt\u2019s poor in a largely shuttered economy.<\/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\/covid-19\/\">covid-19<\/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\/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\/health\/\">health<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/human-rights\/\">human rights<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pandemic\/\">pandemic<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ramadan\/\">Ramadan<\/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=\"571332\" 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=\"571332\">\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\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/07\/egypt-still-the-worlds-largest-exporter-of-oranges-despite-covid-19-pandemic\/\">\r\n                            Egypt still the world\u2019s largest exporter of oranges despite covid-19 pandemic                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/07\/egypt-still-the-worlds-largest-exporter-of-oranges-despite-covid-19-pandemic\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2020\/05\/07\/egypt-still-the-worlds-largest-exporter-of-oranges-despite-covid-19-pandemic\/')\">\n                    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            <\/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\/07\/egypt-still-the-worlds-largest-exporter-of-oranges-despite-covid-19-pandemic\/&title=Egypt still the world\u2019s largest exporter of oranges despite covid-19 pandemic\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+still+the+world%E2%80%99s+largest+exporter+of+oranges+despite+covid-19+pandemic+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F05%2F07%2Fegypt-still-the-worlds-largest-exporter-of-oranges-despite-covid-19-pandemic%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/07\/egypt-still-the-worlds-largest-exporter-of-oranges-despite-covid-19-pandemic\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571332\" class=\"content-area-description single-story post-571332 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-agriculture tag-diplomacy-foreign-trade tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Covid fails to dent Egypt\u2019s position as the world\u2019s largest orange exporter:<\/strong> Egypt remains the world\u2019s largest exporter of oranges, sending 1.3 mn tonnes of the citrus fruit abroad so far this year despite the slowdown in trade caused by the covid-19 pandemic, <a href=\"http:\/\/www.xinhuanet.com\/english\/2020-05\/05\/c_139032748_2.htm\">Xinhua reports<\/a>. Oranges have accounted for more than half of the 2.2 mn tons of agricultural products exported so far in 2020, official figures show. Egypt <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2376a05a-e6c7-4161-b15a-965f6380518b\">overtook Spain<\/a> to become the world\u2019s largest exporter of oranges in 2018.<\/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\/agriculture\/\">agriculture<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"571333\" 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=\"571333\">\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\">Infrastructure<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/07\/transport-ministry-plans-new-nile-river-ports\/\">\r\n                            Transport Ministry plans new Nile River ports                        <\/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\" 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href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2020\/05\/07\/transport-ministry-plans-new-nile-river-ports\/\">\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=Transport Ministry plans new Nile River ports&url=https:\/\/enterpriseam.com\/egypt\/2020\/05\/07\/transport-ministry-plans-new-nile-river-ports\/\">\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\/07\/transport-ministry-plans-new-nile-river-ports\/&title=Transport Ministry plans new Nile River ports\">\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=Transport+Ministry+plans+new+Nile+River+ports+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F05%2F07%2Ftransport-ministry-plans-new-nile-river-ports%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\/07\/transport-ministry-plans-new-nile-river-ports\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571333\" class=\"content-area-description single-story post-571333 post type-post status-publish format-standard hentry category-infrastructure tag-enterpriseam tag-infrastructure tag-transport wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The Transport Ministry is planning to construct several new inland ports along the Nile River as part of an ongoing project to increase the amount of goods transported via the river and reduce congestion on the roads, <a href=\"https:\/\/bit.ly\/2SDu5aV\">cabinet said this week<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/transport\/\">transport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"571334\" 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=\"571334\">\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\">Health + Education<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/07\/misr-pharmacies-to-spend-egp-120-mn-on-new-branches-mobile-app-in-2020\/\">\r\n                            Misr Pharmacies to spend EGP 120 mn on new branches, mobile app in 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\/07\/misr-pharmacies-to-spend-egp-120-mn-on-new-branches-mobile-app-in-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\/07\/misr-pharmacies-to-spend-egp-120-mn-on-new-branches-mobile-app-in-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\/07\/misr-pharmacies-to-spend-egp-120-mn-on-new-branches-mobile-app-in-2020\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Misr Pharmacies to spend EGP 120 mn on new branches, mobile app in 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/05\/07\/misr-pharmacies-to-spend-egp-120-mn-on-new-branches-mobile-app-in-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\/07\/misr-pharmacies-to-spend-egp-120-mn-on-new-branches-mobile-app-in-2020\/&title=Misr Pharmacies to spend EGP 120 mn on new branches, mobile app in 2020\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Misr+Pharmacies+to+spend+EGP+120+mn+on+new+branches%2C+mobile+app+in+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F05%2F07%2Fmisr-pharmacies-to-spend-egp-120-mn-on-new-branches-mobile-app-in-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\/07\/misr-pharmacies-to-spend-egp-120-mn-on-new-branches-mobile-app-in-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571334\" class=\"content-area-description single-story post-571334 post type-post status-publish format-standard hentry category-health-education tag-enterpriseam tag-health-education tag-misr-pharmacies tag-pharma wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Misr Pharmacies is planning to invest EGP 120 mn this year to open new branches and set up a new digital platform, CEO Ahmad Hassan <a href=\"https:\/\/bit.ly\/3fozUCA\">told Al Mal<\/a>. The company will spend EGP 100 mn to open 10-15 new branches this year, and EGP 20 mn on an app for online purchases and deliveries, he said.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/health-education\/\">Health + Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/misr-pharmacies\/\">Misr Pharmacies<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pharma\/\">pharma<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"571335\" 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=\"571335\">\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\">Telecoms + ICT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/07\/mobile-subscriptions-hits-95-3-mn-in-december\/\">\r\n                            Mobile subscriptions hits 95.3 mn in December                        <\/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\/07\/mobile-subscriptions-hits-95-3-mn-in-december\/\" 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\/07\/mobile-subscriptions-hits-95-3-mn-in-december\/')\">\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\/07\/mobile-subscriptions-hits-95-3-mn-in-december\/\">\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=Mobile subscriptions hits 95.3 mn in December&url=https:\/\/enterpriseam.com\/egypt\/2020\/05\/07\/mobile-subscriptions-hits-95-3-mn-in-december\/\">\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\/07\/mobile-subscriptions-hits-95-3-mn-in-december\/&title=Mobile subscriptions hits 95.3 mn in December\">\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=Mobile+subscriptions+hits+95.3+mn+in+December+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F05%2F07%2Fmobile-subscriptions-hits-95-3-mn-in-december%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\/07\/mobile-subscriptions-hits-95-3-mn-in-december\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571335\" class=\"content-area-description single-story post-571335 post type-post status-publish format-standard hentry category-telecoms-ict tag-cit tag-data tag-enterpriseam tag-telecoms-ict wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The number of mobile subscribers in Egypt rose 1.6% y-o-y to hit 95.3 mn in December, <a href=\"https:\/\/ent.news\/2020\/5\/Publications_2942020000_ICT_Indicators_Quarterly_Bulletin_Q4_2019.pdf\">according to a Communications Ministry report (pdf)<\/a>. The number of ADSL subscribers increased 11.7% y-o-y to 7.3 mn in December, while mobile internet users rose to 39 mn, up 11.2% y-o-y.<\/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\/cit\/\">CIT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/data\/\">data<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/telecoms-ict\/\">Telecoms + ICT<\/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=\"571336\" 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=\"571336\">\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\">Banking + Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/07\/midelec-to-borrow-eur-30-mn-to-boost-power-to-midor-refinery\/\">\r\n                            MidElec to borrow EUR 30 mn to boost power to Midor refinery                        <\/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\/07\/midelec-to-borrow-eur-30-mn-to-boost-power-to-midor-refinery\/\" 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\/07\/midelec-to-borrow-eur-30-mn-to-boost-power-to-midor-refinery\/')\">\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\/07\/midelec-to-borrow-eur-30-mn-to-boost-power-to-midor-refinery\/\">\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=MidElec to borrow EUR 30 mn to boost power to Midor refinery&url=https:\/\/enterpriseam.com\/egypt\/2020\/05\/07\/midelec-to-borrow-eur-30-mn-to-boost-power-to-midor-refinery\/\">\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\/07\/midelec-to-borrow-eur-30-mn-to-boost-power-to-midor-refinery\/&title=MidElec to borrow EUR 30 mn to boost power to Midor refinery\">\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=MidElec+to+borrow+EUR+30+mn+to+boost+power+to+Midor+refinery+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F05%2F07%2Fmidelec-to-borrow-eur-30-mn-to-boost-power-to-midor-refinery%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\/07\/midelec-to-borrow-eur-30-mn-to-boost-power-to-midor-refinery\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571336\" class=\"content-area-description single-story post-571336 post type-post status-publish format-standard hentry category-banking-finance tag-banking-finance tag-credit-agricole tag-enterpriseam tag-faisal-islamic-bank tag-midor tag-national-bank-of-egypt tag-suez-canal-bank wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Midor\u2019s electricity company, MidElec, has signed a EUR 30 mn loan agreement with a consortium of four banks to increase the capacity of its power plant which supplies the <a href=\"http:\/\/www.midor.com.eg\/#close\">company\u2019s oil refinery<\/a>, <a href=\"https:\/\/bit.ly\/2ywKqXS\">Al Mal reports<\/a>, citing informed sources. The company will borrow EUR 12 mn from both the National Bank of Egypt and Credit Agricole, EUR 3 mn from the Suez Canal Bank, and EUR 3 mn from Faisal Islamic Bank. The loan has a nine-year repayment term.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking-finance\/\">BANKING + FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/credit-agricole\/\">Credit Agricole<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/faisal-islamic-bank\/\">Faisal Islamic Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/midor\/\">MIDOR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/national-bank-of-egypt\/\">National Bank of Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/suez-canal-bank\/\">Suez Canal 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=\"571338\" 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=\"571338\">\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\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/07\/pangea-in-the-21st-century\/\">\r\n                            Pangea in the 21st century                        <\/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\/07\/pangea-in-the-21st-century\/\" 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\/07\/pangea-in-the-21st-century\/')\">\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\/07\/pangea-in-the-21st-century\/\">\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=Pangea in the 21st century&url=https:\/\/enterpriseam.com\/egypt\/2020\/05\/07\/pangea-in-the-21st-century\/\">\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\/07\/pangea-in-the-21st-century\/&title=Pangea in the 21st century\">\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=Pangea+in+the+21st+century+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F05%2F07%2Fpangea-in-the-21st-century%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\/07\/pangea-in-the-21st-century\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/5\/78.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"571339\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/07\/pangea-in-the-21st-century\/78-jpg-20\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/5\/78.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"78.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/5\/78.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/5\/78.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571338\" class=\"content-area-description single-story post-571338 post type-post status-publish format-standard has-post-thumbnail hentry category-on-your-way-out tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Twenty-first century Pangea:<\/strong> This is what the world would currently look like had the Pangea supercontinent never broken apart 200 mn years ago, according this amazing infographic <a href=\"https:\/\/www.visualcapitalist.com\/incredible-map-of-pangea-with-modern-borders\/\">courtesy of Visual Capitalist<\/a>.<\/p>\n<hr class=\"grey-line\">\n<p><strong>*** My Work From Home Routine is on hiatus and returns next week.<\/strong> Do you know of a business leader you\u2019d like to see featured in My Work From Home Routine, our popular Thursday section? We\u2019re taking suggestions for interesting people to feature. If you\u2019d like to recommend someone with an interesting day gig who has an equally interesting work from home routine story to tell (whether it\u2019s because they\u2019ve aced the transition or are still struggling to adjust) please email us on editorial@enterprise.press.<\/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<section id=\"571340\" 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=\"571340\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/07\/the-market-yesterday-87\/\">\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\/07\/the-market-yesterday-87\/\" 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\/07\/the-market-yesterday-87\/')\">\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\/07\/the-market-yesterday-87\/\">\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\/07\/the-market-yesterday-87\/\">\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\/07\/the-market-yesterday-87\/&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%2F07%2Fthe-market-yesterday-87%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\/07\/the-market-yesterday-87\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571340\" class=\"content-area-description single-story post-571340 post type-post status-publish format-standard hentry category-the-market-yesterday tag-enterpriseam tag-the-market-yesterday wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><p><strong>EGP \/ USD CBE market average: <\/strong>Buy 15.69 | Sell 15.79<\/p>\n<p> <strong>EGP \/ USD at CIB:<\/strong> Buy 15.70 | Sell 15.80<br \/>\n <strong>EGP \/ USD at NBE: <\/strong>Buy 15.68 | Sell 15.78<\/p>\n<p><strong>EGX30<\/strong> (Wednesday): 10,294 (+1.0%)<br \/>\n <strong>Turnover:<\/strong> EGP 909 mn (33% above the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: -26.3%<\/p>\n<p><strong>THE MARKET ON WEDNESDAY:<\/strong> The EGX30 ended Wednesday\u2019s session up 1.0%. CIB, the index\u2019s heaviest constituent, ended up 0.8%. EGX30\u2019s top performing constituents were Dice up 7.4%, AMOC up 3.6%, and GB Auto up 3.2%. Yesterday\u2019s worst performing stocks were Emaar Misr down 0.4%, Madinet Nasr Housing down 0.4% and Heliopolis Housing down 0.2%. The market turnover was EGP 909 mn, and foreign investors were the sole net buyers.<\/p>\n<p><strong>Foreigners<\/strong>: Net long | EGP +136.0 mn<br \/>\n <strong>Regional<\/strong>: Net short | EGP -7.3 mn<br \/>\n <strong>Domestic<\/strong>: Net short | EGP -128.8 mn<\/p>\n<p><strong>Retail<\/strong>: 58.5% of total trades | 43.0% of buyers | 74.0% of sellers<br \/>\n <strong>Institutions<\/strong>: 41.5% of total trades | 57.0% of buyers | 26.0% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 23.99 (-2.3%)<br \/>\n <strong>Brent:<\/strong> USD 29.72 (-4%)<\/p>\n<p><strong>Natural Gas:<\/strong> (Nymex, futures prices) USD 1.94 MMBtu, (-0.15%, June 2020 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,689.90 \/ troy ounce (+0.08%)<\/p>\n<p><strong>TASI:<\/strong> 6,655 (-0.83%) (YTD: -20.67%)<br \/>\n <strong>ADX:<\/strong> 4,021 (-2.0%) (YTD: -20.77%)<br \/>\n <strong>DFM:<\/strong> 1,919 (-0.65%) (YTD: -30.59%)<br \/>\n <strong>KSE Premier Market:<\/strong> 5,288 (+0.28%)<br \/>\n <strong>QE:<\/strong> 8,758 (-0.46%) (YTD: -15.99%)<br \/>\n <strong>MSM:<\/strong> 3,473 (-0.57%) (YTD: -12.76%)<br \/>\n <strong>BB: <\/strong>1,288 (-0.77%) (YTD: -19.99%)<\/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=\"571341\" 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\/07\/571341\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571341\" class=\"content-area-description single-story post-571341 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":571311,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-571310","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"0619e91d-11e7-41f7-9591-e99a4d902d29","teaser":"","photo_url":"https:\/\/ent.news\/2020\/5\/63.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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