{"id":571351,"date":"2020-05-10T04:05:30","date_gmt":"2020-05-10T04:05:30","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=571351"},"modified":"2025-12-16T07:57:45","modified_gmt":"2025-12-16T07:57:45","slug":"cabinet-to-egypt-its-back-to-some-semblance-of-life-as-usual-after-the-eid","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/cabinet-to-egypt-its-back-to-some-semblance-of-life-as-usual-after-the-eid\/","title":{"rendered":"Cabinet to Egypt: It\u2019s back to some semblance of \u201clife as usual\u201d after the Eid"},"content":{"rendered":"<section id=\"571353\" 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=\"571353\">\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\/10\/what-were-tracking-on-10-may-2020\/\">\r\n                            What we\u2019re tracking on 10 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\/10\/what-were-tracking-on-10-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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Covid-19 has us thinking that the results of <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1428f01f-9682-484b-8152-b9b69ea63b4a\">this year\u2019s survey<\/a> need updating. Take a minute and tell us how covid-19 has impacted your business, whether it\u2019s changed your outlook on the economy, and what you think of WFH. <strong><a href=\"https:\/\/www.surveymonkey.com\/r\/95DC9YG\">You can take the survey here.<\/a><\/strong><\/p><p><strong>You started the year expecting investment to pick up<\/strong>, looking to hire new staff and thinking this would be a great year for M&amp;A. We\u2019re asking you to take the survey this week and next and we\u2019ll be back after Eid with the results.<\/p><hr class=\"grey-line\"><p><a id=\"tldr-story-01\" class=\"content-anchor\"><\/a> <strong>THE STORY OF THE DAY- The Madbouly government spent the last 72 hours driving <\/strong><strong>home one point: We\u2019re all going back to some semblance of \u201clife as usual\u201d after Eid. <\/strong>Cabinet members including the PM Moustafa Madbouly and the ministers of finance, planning and health led the charge Thursday and through the weekend.<\/p><p><strong>The nighttime curfew and restrictions on public gatherings will remain in effect until <\/strong><strong>the end of Ramadan<\/strong>, Madbouly <a href=\"https:\/\/bit.ly\/3cjgvkD\">said on Friday<\/a>, making official his announcement of the day before. That means schools, universities, public parks, beaches and government offices \u2014 with the exception of some <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/01f8af18-ba6f-485d-a1ce-f608f149eb59\">real estate registry<\/a> and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f78d2566-6db4-4a52-b201-5cce500d0841\">notary offices<\/a>, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0e485c05-8571-40fd-bd19-30ad6610f5e5\">traffic departments<\/a>, and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3e895448-54e3-4f05-926c-8b776d6679a8\">some courts<\/a> \u2014 are staying closed at least until 26 May, when Eid El Fitr ends. All restrictions otherwise remain unchanged: Restaurants are open for delivery only, nightclubs and bars are closed, and malls and retail outlets face curtailed hours (but continue to be allowed to open on weekends, as they have since the start of Ramadan.)<\/p><p><strong>Egypt will have to \u201ccoexist\u201d with the virus that causes covid-19 as restrictions start <\/strong><strong>easing in June<\/strong>, cabinet spokesman Nader Saad said on Thursday (<a href=\"https:\/\/www.youtube.com\/watch?v=KrbBI4yY-MU\">watch, runtime: 11:23<\/a>). His remarks drew a line under recent comments to the same effect from <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/296a8f03-6154-4d42-a2f2-f08088a33b43\">Health Minister Hala Zayed<\/a> and <a href=\"https:\/\/bit.ly\/3bfIMXV\">Madbouly<\/a>.<\/p><p><strong>Saad flagged that new requirements may come into effect as restrictions are eased.<\/strong> Among them: face masks are \u201cbasically a necessity\u201d now and may be required to access government offices or go to the theatre after the holiday. <strong>Businesses that flout maximum capacity regulations <\/strong>and citizens who fail to wear masks when required could face fines of EGP 300-5k as part of an <strong>in-the-works piece of legislation<\/strong>, MP Elizabeth Shaker said on state TV yesterday (<a href=\"https:\/\/www.youtube.com\/watch?v=UhEmrM_im7w\">watch, runtime: 3:00<\/a>).<\/p><p><strong>The government could still roll out additional measures to support the economy and <\/strong><strong>hasten a recovery<\/strong>, Madbouly said (<a href=\"https:\/\/www.youtube.com\/watch?v=39fZ5ooPCBk\">watch, runtime 2:40<\/a>). The <a href=\"https:\/\/bit.ly\/3fB4glp\">prime minister noted<\/a> that the government plans to ramp up by 75% its investment in healthcare and infrastructure in the upcoming fiscal. <strong>And it still has dry powder in reserve: <\/strong>The Finance Ministry has deployed only EGP 40 bn of the EGP 100 bn it has allocated to stimulus measures, minister Mohamed Maait said over the weekend. We have more on this front in this morning\u2019s Speed Round, below.<\/p><p><strong>Egypt\u2019s recovery from covid-19 could begin in June \u2014 or December<\/strong>, said Planning Minister Hala El Said during a virtual meeting with business leaders, <a href=\"https:\/\/bit.ly\/3cjsm22\">according to a ministry statement<\/a>. The nature of the pandemic will itself dictate the timeline. The length of the recovery period could vary by industry, she said, but look for agriculture, tech, pharma, and construction to bounce back first, El Said suggested. Finance Ministry Mohamed Maait was also <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/3\/12\/368966\/Business\/Economy\/Interview-IMF-expected-to-approve,-set-disbursal-d.aspx\">on the interview circuit<\/a> over the weekend.<\/p><p><strong>When will commercial flights resume? <\/strong>There\u2019s no official word yet, but we got a hint it is on the agenda as the PM toured Cairo International Airport yesterday with the ministers of civil aviation and of information in tow. Madbouly\u2019s visit was to review measures in place to stop the spread of the coronavirus, <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/368969\/Egypt\/Politics-\/Egypt-prime-minister-tours-Cairo-Airport,-inspects.aspx\">the domestic press said<\/a>.<\/p><p><strong>Hotels nationwide are preparing to <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/911208cc-7e2c-43c6-9b09-9f249c961415\">reopen this coming Friday, 15 May<\/a><\/strong>, to domestic tourists. Properties will be limited to 25% of maximum capacity at first and will be required to hire inspectors to ensure they are in compliance with a laundry list of measures, according to <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1976303\">Al Masry Al Youm<\/a>. They would have to bring in Germany\u2019s <a href=\"https:\/\/www.tuv-nord.com\/en\/T%C3%9CV-nord-worldwide\/\">T\u00dcV NORD<\/a>, the UK\u2019s <a href=\"https:\/\/www.cristalstandards.com\/en\">Cristal Standards<\/a> or Spain\u2019s <a href=\"https:\/\/preverisk.com\/en\/contacto#contact_form\">Preverisk Group<\/a> for quarterly check-ups.<\/p><p><strong>The government is hoping plenty of us will opt to fly <\/strong>instead of driving to Red Sea and Sinai resorts to start generating revenues for domestic airlines including national flag carrier EgyptAir.<\/p><hr class=\"grey-line\"><p><strong>News triggers to keep your eye on<\/strong> over the coming days:<\/p><ul>\n<li><strong>Inflation figures<\/strong> for April are due today;<\/li>\n<li><strong>The IMF\u2019s executive board meets tomorrow <\/strong>to vote on a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6a6e2b8c-d828-4a7c-b218-b1aeeac53552\">USD 2.7 bn \u201crapid financing instrument\u201d for Egypt<\/a>;<\/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>PSA- Summer is coming <\/strong>and we\u2019re looking at our first real heat wave of the year. Look for the mercury to gradually rise from 31\u00b0C today to 38\u00b0C on Wednesday before peaking at 41\u00b0C next Sunday.<\/p><p><strong>The only thing we dislike more than Ramez Galal\u2019s Ramadan show: Those who make a spectacle out of trying to censor him.<\/strong> Hats off to the good people at Shahid Law, who for the second year running, beat back an attempt by the self-appointed morality police to have the show yanked off the airwaves. Shahid\u2019s Sameh Atteya and colleagues masked-up and headed to court, where they successfully argued that MBC Group should not be required to pull the show.<\/p><p><strong>So, when do we eat? <\/strong>Maghrib prayers are at 6:38pm and you\u2019ll have until 3:27am 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-9-May-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/p><p><strong>COVID-19 IN EGYPT-<\/strong><\/p><p><a id=\"tldr-story-04\" class=\"content-anchor\"><\/a> <strong>Egypt has now disclosed a total of<\/strong><strong> 8,964 confirmed cases of covid-19<\/strong> after the Health Ministry reported 488 new infections yesterday. The ministry also said that another 11 people had died from the virus, taking the death toll to 514. We now have a total of 2,476 confirmed cases that have since tested negative for the virus after being hospitalized or isolated, of whom 2,002 have fully recovered.<\/p><p><strong>Yesterday\u2019s count came after the Health Ministry reported a record 495 new cases and <\/strong><strong>21 deaths <\/strong>on Friday, according to a <a href=\"https:\/\/bit.ly\/3cmWU36\">Health Ministry statement<\/a>.<\/p><p><strong>Egypt\u2019s covid-19 isolation facilities are not maxed out<\/strong>, presidential health advisor (and former health minister) Mohamed Awad Tag Eldin said last night in a phone call with Al Kahera Al Aan\u2019s Lamees El Hadidi (<a href=\"https:\/\/youtu.be\/-vH4cP7DALU?t=38\">watch, runtime: 12:27<\/a>). Tag Eldin denied a press report <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2144813e-f2d1-4447-a9c5-88ca0a6b43ba\">last week<\/a> quoting Assistant Health Minister Ahmed El Sobky as saying Egypt\u2019s 17 isolation centers had hit capacity. <strong>Some centers have no covid-19 patients at all<\/strong>, Tag Eldin said.<\/p><p><strong>A total of 30 hospitals will be ready before June to replace the isolation centers<\/strong>, Health Minister <a href=\"https:\/\/bit.ly\/2SOpjHw\">Hala Zayed said<\/a> yesterday evening. The 30 are among some 35 hospitals specialized in fever and respiratory diseases that the ministry is renovating right now. The ministry hopes to phase out isolation facilities and handle cases entirely in designated hospitals.<\/p><p><strong>Egypt has performed 105k PCR tests since the start of the outbreak, <\/strong>the <a href=\"https:\/\/bit.ly\/35IO5Ou\">State<\/a><a href=\"https:\/\/bit.ly\/35IO5Ou\">Information Service (SIS) said in a statement<\/a>, clarifying earlier remarks by Tag Eldin, who told reporters on Thursday that the government had conducted more than 1 mn tests. The 1 mn figure includes other medical checks to screen for potential infections, the statement said.<\/p><p><strong>We\u2019re buying remdesivir to treat covid-19: <\/strong>Egypt will soon receive a shipment of remdesivir antiviral medication to treat covid-19 patients, <a href=\"https:\/\/bit.ly\/3fxw6z6\">Health Minister Hala Zayed announced<\/a>. Both the <a href=\"https:\/\/uk.reuters.com\/article\/us-health-coronavirus-gilead-sciences\/u-s-to-allow-states-to-distribute-gileads-remdesivir-to-fight-covid-19-idUKKBN22L0SM\">US<\/a> and <a href=\"https:\/\/www.forbes.com\/sites\/alexandrasternlicht\/2020\/05\/07\/japan-approves-remdesivir-for-use-on-severe-covid-19-patients\/#35f2001a4fa9\">Japan<\/a> have approved the use of Gilead Sciences\u2019 medication to treat the virus but the jury is still out on how useful it is. US disease expert Anthony Fauci claimed there is <a href=\"https:\/\/www.theguardian.com\/world\/video\/2020\/apr\/29\/fauci-clear-cut-evidence-potential-covid-19-drug-remdesivir-works-video\">\u201cclear-cut\u201d evidence<\/a> that remdesivir shorten recovery times, but a study in the noted medical journal The Lancet suggested it provides <a href=\"https:\/\/www.thelancet.com\/journals\/lancet\/article\/PIIS0140-6736(20)31022-9\/fulltext\">little significant benefit<\/a>.<\/p><p><strong>Egypt repatriated some 1,220 citizens<\/strong> from <a href=\"https:\/\/bit.ly\/2SP35Ff\">Saudi Arabia<\/a>, <a href=\"https:\/\/bit.ly\/3cjJmFC\">Kuwait<\/a>, <a href=\"https:\/\/bit.ly\/3ce0GvD\">Turkey<\/a>, <a href=\"https:\/\/bit.ly\/3dyxnEu\">Chad<\/a>, as well as <a href=\"https:\/\/bit.ly\/3fuVdCG\">Oman and Sudan<\/a> over the weekend, according to the Emigration Ministry.<\/p><hr class=\"grey-line\"><p><strong>IMPACT ON BUSINESS-<\/strong><\/p><p><strong>Business lobby group calls on CBE to widen low-interest loan program to services<\/strong> <strong>sector: <\/strong>The Federation of Egyptian Chambers of Commerce is lobbying the Central Bank of Egypt to provide low-interest loans to service and retail businesses, <a href=\"https:\/\/bit.ly\/2LgDmRW\">Youm7 reported<\/a>. The CBE <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/111ef5d6-168e-46d8-8c26-bde5cbc06827\">currently provides<\/a> subsidized loans carrying interest rates of between 5-8% to factories, home-buyers, and tourism companies.<\/p><p><strong>Contractors and real estate developers want more government support<\/strong> to help them weather the crisis, <a href=\"https:\/\/bit.ly\/2Wg7lQu\">according to a cabinet statement.<\/a> Representatives of the real estate sector have requested that the government allow higher-value properties to qualify for the Central Bank of Egypt\u2019s mortgage financing initiative, while contractors asked for faster, regular payments for work completed on public contracts.<\/p><p><strong>A new post-covid minimum wage for the private sector? <\/strong>The Planning Ministry is looking to introduce a mandatory minimum wage of EGP 2k per month for workers in the private sector after the covid-19 crisis abates, said Deputy Planning and Economic Development Minister Ahmed Kamal, <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=07052020&amp;id=f3cf3967-5295-4f96-b3f9-178c958f2f05\">according to Al Shorouk<\/a>. The announcement came during a House Planning and Budget committee meeting last week when the National Wages Council advised MPs that private sector wages should be no less than EGP 12 per hour or EGP 2k per month.<\/p><p><strong>Two cases at BdC\u2019s Talaat Harb branch: <\/strong>Banque du Caire has closed a branch in Downtown Cairo after two employees tested positive for covid-19, Chairman Tarek Fayed said in a statement <a href=\"https:\/\/bit.ly\/2SLc0rt\">carried by Hapi Journal<\/a>. Fayed\u2019s statement came after social media posts claimed the branch\u2019s entire staff had been infected.<\/p><p><strong>The European Union has doled out EUR 89 mn to Egypt\u2019s healthcare sector as part <\/strong><strong>of a EUR 1.5 bn aid program<\/strong> to help Egypt, Jordan, Palestine, Morocco and Tunisia respond to the crisis, EU ambassador to Egypt Ivan Surkos <a href=\"https:\/\/www.egypttoday.com\/Article\/1\/86557\/Amb-reiterates-EU-will-send-Egypt-%E2%82%AC89-billion-to-curb\">told Egypt Today<\/a>. The funds will be used to purchase medical equipment and train health workers.<\/p><p><strong>ON THE GLOBAL FRONT-<\/strong><\/p><p><strong>More than 4 mn people worldwide are now confirmed to have been infected <\/strong>with the virus that causes covid-19, according to data published by<a href=\"http:\/\/bbc.co.uk\/news\/world-52603017\">Johns Hopkins University<\/a>. <strong>The global death toll now stands at 277k.<\/strong><\/p><p><strong>Corona is in the White House:<\/strong> Two White House staff members were diagnosed with coronavirus over the weeked: <a href=\"https:\/\/www.theguardian.com\/world\/2020\/may\/07\/trump-valet-coronavirus-positive-us\">one of President Trump\u2019s personal valets<\/a> and <a href=\"https:\/\/edition.cnn.com\/2020\/05\/08\/politics\/vice-president-mike-pence-staff-member-coronavirus\/index.html\">VP Mike Pence\u2019s press secretary<\/a>. The heads of the CDC and the FDA as well as Anthony Fauci \u2014 all key members of the committee leading the response to corona in the US \u2014 have all said they were \u201cpotentially exposed and will be self-quarantining or teleworking for two weeks,\u201d according to the <a href=\"https:\/\/www.washingtonpost.com\/politics\/white-house-aides-rattled-after-positive-coronavirus-tests-and-officials-send-mixed-message-on-how-to-respond\/2020\/05\/09\/6dab2df6-920d-11ea-a9c0-73b93422d691_story.html?tidr=a_breakingnews\">Washington Post<\/a>.<\/p><p><strong>Europe looks to revive its battered travel, tourism sectors:<\/strong> The European Commission will this week try to persuade member states to guarantee vouchers cancelled due to the pandemic and begin lifting border restrictions to incentivize people to travel, according to a strategy document <a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-eu-travel\/europe-needs-a-break-eu-plots-to-restart-travel-and-tourism-despite-covid-idUSKBN22L0ET?il=0\">seen by Reuters<\/a>. The EU had previously called for a <a href=\"https:\/\/ec.europa.eu\/commission\/commissioners\/2019-2024\/breton\/announcements\/speech-commissioner-breton-marshall-plan-european-tourism_en?referringSource=articleShare\">\u201cMarshal plan for European tourism.\u201d<\/a><\/p><p><strong>Air passengers arriving in the UK will have to quarantine for two weeks <\/strong>as part of the government\u2019s strategy for avoiding a second wave of the virus, <a href=\"https:\/\/news.sky.com\/story\/coronavirus-travel-quarantine-deals-further-blow-to-stricken-airlines-11985672\">Sky News reports<\/a>. Similar measures are already in effect in other countries, including Canada.<\/p><hr class=\"grey-line\"><p><strong>Little Richard dies at 87:<\/strong> America\u2019s self-proclaimed \u201carchitect of rock \u2018n\u2019 roll\u201d and genre Hall of Famer Little Richard passed away yesterday at the age of 87. <a href=\"https:\/\/www.rollingstone.com\/music\/music-news\/little-richard-dead-48505\/\">Check out his obit in Rolling Stone.<\/a><\/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>On our podcast this week: 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<\/a><a href=\"https:\/\/podcasts.google.com\/feed\/aHR0cHM6Ly93d3cub21ueWNvbnRlbnQuY29tL2QvcGxheWxpc3QvNWE1NmQ3YzMtZjI4MS00NTU3LThlMzEtYWFjODAxN2NjZjA2L2U3ZjE1ZWYwLWMwOWYtNDFiNi1iZDM4LWFiMDUwMGMwNDVlZi82OTc0ODFkMi04OGRmLTRlYjMtYmY3Mi1hYjA1MDBjMjllOWYvcG9kY2FzdC5yc3M\/episode\/NWU1ZTY5ZjctMWE0OS00ZTkyLThhY2MtYWJiMzAwOTQ4YmRh?ved=0CA0Q38oDahcKEwigg-Sv_p7pAhUAAAAAHQAAAAAQAQ\">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>\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\/apple\/\">Apple<\/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\/eu\/\">EU<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/middle-east\/\">Middle East<\/a>\n                <!-- <span 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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-mwmuon4\" data-v=\"4\" data-block-id=\"mwmuon4\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-mwmuon4-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-mwmuon4-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 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class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"571355\">\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\/10\/last-nights-talk-shows-for-sunday-10-may-2020\/\">\r\n                            Last night\u2019s talk shows for Sunday, 10 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\" 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  \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/10\/last-nights-talk-shows-for-sunday-10-may-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571355\" class=\"content-area-description single-story post-571355 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-aviation tag-covid-19 tag-enterprise-last-nights-talk-shows tag-enterpriseam tag-osama-heikal tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Another quiet Ramadan night on the airwaves, <\/strong>with only a phone call between Al Kahera Alaan\u2019s Lamees Al Hadidi and Information Minister Osama Heikal worth noting.<\/p>\n<p><strong>On reopening the economy, Heikal said the government is hoping this happens soon<\/strong> despite being careful about specifying a date (<a href=\"https:\/\/www.youtube.com\/watch?v=676PdJ60rTI\">watch, runtime: 15:54<\/a>). Measures designed to prevent the spread of the disease \u2014 including a nighttime curfew and the closure of some public places \u2014 will remain in effect until the end of Ramadan. We have more in this morning\u2019s What We\u2019re Tracking Today section, above.<\/p>\n<p><strong>Gov\u2019t preparing airports to receive domestic holidaymakers- Heikal: <\/strong>Domestic airlines have been flying with very low utilization rates, but this could change once hotels are reopened soon for domestic tourism, Heikal said. This is important as it could prevent thousands from losing their jobs, he adds. The government has since the start of the outbreak been working to balance health and safety with economic revival, he notes.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/aviation\/\">aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-last-nights-talk-shows\/\">Enterprise+: Last Night\u2019s Talk Shows<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/osama-heikal\/\">Osama Heikal<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"571356\" 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=\"571356\">\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\/10\/egypt-has-deployed-just-egp-40-bn-of-funding-from-the-egp-100-bn-stimulus-and-bailout-funding-maait-says\/\">\r\n                            Egypt has deployed just EGP 40 bn of funding from the EGP 100 bn stimulus and bailout funding, Maait says                        <\/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\/10\/egypt-has-deployed-just-egp-40-bn-of-funding-from-the-egp-100-bn-stimulus-and-bailout-funding-maait-says\/\" 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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Some EGP 5.1 bn has been allocated to the Health Ministry, EGP 5 bn to the Supply Ministry to pay for strategic commodities, EGP 10 bn to the Export Subsidy Fund, and another EGP 10 bn that is being doled out soon to support tourism, aviation, and other vulnerable sectors.<\/p>\n<p><strong>Maait\u2019s EGP 100 bn figure does not include funds earmarked by the Central Bank of <\/strong><strong>Egypt<\/strong> to support the stock exchange through direct investment in equities.<\/p>\n<p><strong>Lower revenues, wider deficit:<\/strong> The crisis has weighed on state revenues during the second half of FY2019-2020, with tax revenues derived from tourism falling off a cliff due to the suspension of air travel. This has caused a EGP 75 bn shortfall in revenues since the beginning of the outbreak, EGP 65 bn of which came through lower-than-expected tax receipts, Maait said.<\/p>\n<p><strong>Background:<\/strong> Maait <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0524268a-9b1e-4b7a-9c89-b2f9f8e3d82e\">said last month<\/a> that the government is effectively writing off the final quarter of the current fiscal year from a revenue perspective, but said that Egypt\u2019s commitment to insulating the economy from the impact of covid-19 is nonetheless \u201copen-ended.\u201d <strong>The minister has previously signaled that the government could allocate more funding beyond the existing EGP 100 bn package.<\/strong> The stimulus also includes a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e139e37f-92bf-4292-adcc-b654aaed6886\">tax relief package<\/a> for businesses that allows companies in several sectors \u2014 including aviation, tourism, journalism and media, sports, and manufacturers \u2014 to pay income tax in three installments ending 30 June.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/bailout\/\">bailout<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/budget-deficit\/\">budget deficit<\/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\/finance-ministry\/\">Finance Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/income-tax\/\">income tax<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mohamed-maait\/\">Mohamed Maait<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/speed-round\/\">SPEED ROUND<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/state-revenues\/\">state revenues<\/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=\"571369\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"571370\" 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=\"571370\">\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\/10\/could-africa-become-the-next-epicenter-of-the-pandemic\/\">\r\n                            Could Africa become the next epicenter of the 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\/10\/could-africa-become-the-next-epicenter-of-the-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\/10\/could-africa-become-the-next-epicenter-of-the-pandemic\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2020\/05\/10\/could-africa-become-the-next-epicenter-of-the-pandemic\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Could Africa become the next epicenter of the pandemic?&url=https:\/\/enterpriseam.com\/egypt\/2020\/05\/10\/could-africa-become-the-next-epicenter-of-the-pandemic\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2020\/05\/10\/could-africa-become-the-next-epicenter-of-the-pandemic\/&title=Could Africa become the next epicenter of the 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=Could+Africa+become+the+next+epicenter+of+the+pandemic%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F05%2F10%2Fcould-africa-become-the-next-epicenter-of-the-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\/10\/could-africa-become-the-next-epicenter-of-the-pandemic\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571370\" class=\"content-area-description single-story post-571370 post type-post status-publish format-standard hentry category-the-macro-picture tag-africa tag-covid-19 tag-enterpriseam tag-healthcare tag-pandemic tag-reuters tag-the-macro-picture tag-world-bank wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Could Africa become the next epicenter of the pandemic?<\/strong> The continent\u2019s massively underprepared healthcare systems spells a recipe for disaster if an influx of covid-19 cases hit. Between 29-44 mn could be infected and as many as 83-190k die as a result of covid-19 in a single year if no containment measures are taken, a recent WHO Africa study found according to <a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-africa\/coronavirus-could-kill-up-to-190000-in-africa-in-first-year-if-not-contained-who-idUSKBN22J31S\">Reuters<\/a>. Most African countries are taking some form of preventative measures to curb the spread of the virus, but if these precautions aren't taken more seriously and if rapid investments to the continent\u2019s medical facilities \u2014 which have about one intensive care bed and one ventilator for every 100k of its inhabitants \u2014 aren\u2019t made, many countries would see their healthcare systems quickly overwhelmed.<\/p>\n<p><strong>Equipment, personnel and testing shortages present some of the greatest challenges to containing the virus:<\/strong> Limited covid-19 testing capabilities and a lack of equipment make the prospect of a pandemic in Africa significantly more frightening than it is in wealthier countries with well-equipped healthcare systems. On average one doctor stands to serve 80k people and there are only 9.8k intensive care beds on the entire continent according to World Bank data, <a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-africa-response-ex\/exclusive-virus-exposes-gaping-holes-in-africas-health-systems-idUSKBN22J1GZ\">Reuters reports<\/a>. At the projected height of the outbreak, the continent would need 121k beds at a bare minimum and a Reuters survey has found that an average of 12 covid-19 patients would be in line for every available bed, showing just how vulnerable African populations stand in the face of a full blown outbreak.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/africa\/\">Africa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/healthcare\/\">healthcare<\/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\/reuters\/\">Reuters<\/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                            <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=\"571371\" 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=\"571371\">\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\/10\/egypt-in-the-news-on-10-may-2020\/\">\r\n                            Egypt in the News on 10 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\/10\/egypt-in-the-news-on-10-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\/10\/egypt-in-the-news-on-10-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\/10\/egypt-in-the-news-on-10-may-2020\/\">\n      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\n<article id=\"post-571371\" class=\"content-area-description single-story post-571371 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-archaeology tag-covid-19 tag-egypt-in-the-news tag-enterpriseam tag-pandemic tag-tahrir-square wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>No single story is dominating the conversation on Egypt in the foreign press this morning.<\/strong> Here\u2019s a selection of stories getting coverage:<\/p>\n<ul>\n<li><strong>Egypt\u2019s covid-19 rumor mill is being featured in <\/strong><strong><a href=\"https:\/\/www.washingtonpost.com\/opinions\/2020\/05\/07\/egypt-has-found-cure-covid-19-other-outlandish-tales-cairos-propaganda-machine\/\">the Washington Post<\/a><\/strong>, with grapevine extracts such as that Egypt has discovered a cure for the virus or that the country\u2019s \u201cheroic intelligence service had neutralized the devious plot.\u201d<\/li>\n<li><strong>Egyptologists and scientists are criticizing the transfer of four sandstone <\/strong><strong>sphinxes to Tahrir Square from Karnak Temple<\/strong>, saying that the monuments are being exposed to intense air pollution and that their transfer compromises the historic integrity of the temple, <a href=\"https:\/\/www.theguardian.com\/world\/2020\/may\/07\/egyptologists-pan-transfer-of-sphinxes-to-tahrir-square\">according to the Guardian<\/a>.<\/li>\n<li><strong>Gravediggers and their families are struggling because of reduced footfall at the <\/strong><strong>City of the Dead,<\/strong> a neighborhood packed with tens of thousands of residents who rely on charity from visitors to make ends meet, <a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL5N2CF2YZ\">Reuters reports<\/a>. <\/li>\n<li><strong><a href=\"https:\/\/www.thenational.ae\/world\/mena\/coronavirus-leaves-egypt-scrambling-to-prevent-disastrous-economic-fallout-1.1017117\">The National<\/a><\/strong><strong> recaps the threat of economic fallout covid-19 poses to Egypt, <\/strong>citing pressure on small businesses and the tourism industry.<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/archaeology\/\">archaeology<\/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\/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\/pandemic\/\">pandemic<\/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=\"571372\" 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=\"571372\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/10\/eetc-signs-contract-with-el-sewedy-to-implement-wind-power-line-in-gulf-of-suez\/\">\r\n                            EETC signs contract with El Sewedy to implement wind power line in Gulf of Suez                        <\/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\/10\/eetc-signs-contract-with-el-sewedy-to-implement-wind-power-line-in-gulf-of-suez\/\" 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\/10\/eetc-signs-contract-with-el-sewedy-to-implement-wind-power-line-in-gulf-of-suez\/')\">\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\/10\/eetc-signs-contract-with-el-sewedy-to-implement-wind-power-line-in-gulf-of-suez\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=EETC signs contract with El Sewedy to implement wind power line in Gulf of Suez&url=https:\/\/enterpriseam.com\/egypt\/2020\/05\/10\/eetc-signs-contract-with-el-sewedy-to-implement-wind-power-line-in-gulf-of-suez\/\">\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\/10\/eetc-signs-contract-with-el-sewedy-to-implement-wind-power-line-in-gulf-of-suez\/&title=EETC signs contract with El Sewedy to implement wind power line in Gulf of Suez\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=EETC+signs+contract+with+El+Sewedy+to+implement+wind+power+line+in+Gulf+of+Suez+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F05%2F10%2Feetc-signs-contract-with-el-sewedy-to-implement-wind-power-line-in-gulf-of-suez%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\/10\/eetc-signs-contract-with-el-sewedy-to-implement-wind-power-line-in-gulf-of-suez\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571372\" class=\"content-area-description single-story post-571372 post type-post status-publish format-standard hentry category-energy tag-egyptian-electricity-transmission-company tag-electricity tag-elsewedy-electric tag-energy tag-enterpriseam tag-gulf-of-suez tag-renewable-energy tag-renewables wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The Egyptian Electricity Transmission Company signed a contract with El Sewedy Electric to implement the 500 kV four-circuit antenna wind power line in the Gulf of Suez, <a href=\"https:\/\/bit.ly\/2WCYjvK\">according to Al Mal<\/a>. The project will cost around EGP 120 mn and take six months to implement.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egyptian-electricity-transmission-company\/\">Egyptian Electricity Transmission Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/electricity\/\">electricity<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/elsewedy-electric\/\">Elsewedy Electric<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gulf-of-suez\/\">Gulf of Suez<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/renewable-energy\/\">renewable energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/renewables\/\">renewables<\/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=\"571374\" 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=\"571374\">\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\">Manufacturing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/10\/usd-1-bn-phosphoric-acid-plant-in-abu-tartour-is-nearing-the-start-of-construction\/\">\r\n                            USD 1 bn phosphoric acid plant in Abu Tartour is nearing the start of construction                        <\/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\/10\/usd-1-bn-phosphoric-acid-plant-in-abu-tartour-is-nearing-the-start-of-construction\/\" 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\/10\/usd-1-bn-phosphoric-acid-plant-in-abu-tartour-is-nearing-the-start-of-construction\/')\">\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\/10\/usd-1-bn-phosphoric-acid-plant-in-abu-tartour-is-nearing-the-start-of-construction\/\">\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=USD 1 bn phosphoric acid plant in Abu Tartour is nearing the start of construction&url=https:\/\/enterpriseam.com\/egypt\/2020\/05\/10\/usd-1-bn-phosphoric-acid-plant-in-abu-tartour-is-nearing-the-start-of-construction\/\">\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\/10\/usd-1-bn-phosphoric-acid-plant-in-abu-tartour-is-nearing-the-start-of-construction\/&title=USD 1 bn phosphoric acid plant in Abu Tartour is nearing the start of construction\">\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=USD+1+bn+phosphoric+acid+plant+in+Abu+Tartour+is+nearing+the+start+of+construction+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F05%2F10%2Fusd-1-bn-phosphoric-acid-plant-in-abu-tartour-is-nearing-the-start-of-construction%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\/10\/usd-1-bn-phosphoric-acid-plant-in-abu-tartour-is-nearing-the-start-of-construction\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571374\" class=\"content-area-description single-story post-571374 post type-post status-publish format-standard hentry category-manufacturing tag-china tag-china-state-construction-engineering-company tag-enterpriseam tag-manufacturing wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Phosphate Misr is expected to sign within days the final funding contracts with investors ahead of beginning construction on its USD 1 bn acid phosphate facility in Abu Tartour, <a href=\"https:\/\/bit.ly\/3fvrny5\">according to Al Mal<\/a>. The facility will be constructed with a Chinese alliance consisting of the Chinese Construction Engineering Company and Wengfu Group, which was awarded the contract <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/25\/phosphate-misr-inks-usd-842-mn-agreement-with-chinas-cscec-wengfu-9082\/\">last year<\/a>. Construction is expected to last 30 months, followed by an additional six months of trial operations.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/china-state-construction-engineering-company\/\">China State Construction Engineering Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"571375\" 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=\"571375\">\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\">Health + Education<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/10\/ibnsina-pharma-plans-to-invest-egp-250-300-mn-in-2020-branch-expansion\/\">\r\n                            Ibnsina Pharma plans to invest EGP 250-300 mn in 2020 branch expansion                        <\/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\/10\/ibnsina-pharma-plans-to-invest-egp-250-300-mn-in-2020-branch-expansion\/\" 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\/10\/ibnsina-pharma-plans-to-invest-egp-250-300-mn-in-2020-branch-expansion\/')\">\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\/10\/ibnsina-pharma-plans-to-invest-egp-250-300-mn-in-2020-branch-expansion\/\">\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=Ibnsina Pharma plans to invest EGP 250-300 mn in 2020 branch expansion&url=https:\/\/enterpriseam.com\/egypt\/2020\/05\/10\/ibnsina-pharma-plans-to-invest-egp-250-300-mn-in-2020-branch-expansion\/\">\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\/10\/ibnsina-pharma-plans-to-invest-egp-250-300-mn-in-2020-branch-expansion\/&title=Ibnsina Pharma plans to invest EGP 250-300 mn in 2020 branch expansion\">\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=Ibnsina+Pharma+plans+to+invest+EGP+250-300+mn+in+2020+branch+expansion+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F05%2F10%2Fibnsina-pharma-plans-to-invest-egp-250-300-mn-in-2020-branch-expansion%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\/10\/ibnsina-pharma-plans-to-invest-egp-250-300-mn-in-2020-branch-expansion\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571375\" class=\"content-area-description single-story post-571375 post type-post status-publish format-standard hentry category-health-education tag-enterpriseam tag-health-education tag-ibnsina-pharma wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Ibnsina Pharma plans to invest EGP 250-300 mn to set up four new branches this year, IR manager Mohamed Shawky <a href=\"https:\/\/bit.ly\/2yJSg0m\">tells Al Mal<\/a>. The company is also planning to dedicate a portion of its investments to launching a website for online purchases, Shawky said, without providing additional details or a timeframe.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/health-education\/\">Health + Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ibnsina-pharma\/\">Ibnsina 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=\"571376\" 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=\"571376\">\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\/10\/banque-misr-to-arrange-loan-worth-up-to-egp-1-6-mn-to-damietta-furniture-city\/\">\r\n                            Banque Misr to arrange loan worth up to EGP 1.6 mn to Damietta Furniture City                        <\/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\/10\/banque-misr-to-arrange-loan-worth-up-to-egp-1-6-mn-to-damietta-furniture-city\/\" 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\/10\/banque-misr-to-arrange-loan-worth-up-to-egp-1-6-mn-to-damietta-furniture-city\/')\">\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\/10\/banque-misr-to-arrange-loan-worth-up-to-egp-1-6-mn-to-damietta-furniture-city\/\">\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=Banque Misr to arrange loan worth up to EGP 1.6 mn to Damietta Furniture City&url=https:\/\/enterpriseam.com\/egypt\/2020\/05\/10\/banque-misr-to-arrange-loan-worth-up-to-egp-1-6-mn-to-damietta-furniture-city\/\">\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\/10\/banque-misr-to-arrange-loan-worth-up-to-egp-1-6-mn-to-damietta-furniture-city\/&title=Banque Misr to arrange loan worth up to EGP 1.6 mn to Damietta Furniture City\">\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=Banque+Misr+to+arrange+loan+worth+up+to+EGP+1.6+mn+to+Damietta+Furniture+City+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F05%2F10%2Fbanque-misr-to-arrange-loan-worth-up-to-egp-1-6-mn-to-damietta-furniture-city%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\/10\/banque-misr-to-arrange-loan-worth-up-to-egp-1-6-mn-to-damietta-furniture-city\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571376\" class=\"content-area-description single-story post-571376 post type-post status-publish format-standard hentry category-banking-finance tag-banking-finance tag-banque-misr tag-damietta-furniture-city tag-egyptian-arab-land-bank tag-enterpriseam tag-export-development-bank-of-egypt tag-national-bank-of-egypt wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Banque Misr will arrange a EGP 1.4-1.6 bn syndicated loan to Damietta Furniture City to help increase production and exports, <a href=\"https:\/\/bit.ly\/3cisyin\">Masrawy reports<\/a>, citing unnamed banking sources. The National Bank of Egypt, the Egyptian Arab Land Bank, and the Export Development Bank are in talks to participate in the loan.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking-finance\/\">BANKING + FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banque-misr\/\">Banque Misr<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/damietta-furniture-city\/\">Damietta Furniture City<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egyptian-arab-land-bank\/\">Egyptian Arab Land Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/export-development-bank-of-egypt\/\">Export Development Bank of Egypt<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"571377\" 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=\"571377\">\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\">National Security<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/10\/us-state-department-approves-egypts-usd-2-3-bn-apache-gear-purchase\/\">\r\n                            US State Department approves Egypt\u2019s USD 2.3 bn Apache gear purchase                        <\/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\/10\/us-state-department-approves-egypts-usd-2-3-bn-apache-gear-purchase\/\" 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\/10\/us-state-department-approves-egypts-usd-2-3-bn-apache-gear-purchase\/')\">\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\/10\/us-state-department-approves-egypts-usd-2-3-bn-apache-gear-purchase\/\">\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=US State Department approves Egypt\u2019s USD 2.3 bn Apache gear purchase&url=https:\/\/enterpriseam.com\/egypt\/2020\/05\/10\/us-state-department-approves-egypts-usd-2-3-bn-apache-gear-purchase\/\">\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\/10\/us-state-department-approves-egypts-usd-2-3-bn-apache-gear-purchase\/&title=US State Department approves Egypt\u2019s USD 2.3 bn Apache gear purchase\">\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=US+State+Department+approves+Egypt%E2%80%99s+USD+2.3+bn+Apache+gear+purchase+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F05%2F10%2Fus-state-department-approves-egypts-usd-2-3-bn-apache-gear-purchase%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\/10\/us-state-department-approves-egypts-usd-2-3-bn-apache-gear-purchase\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571377\" class=\"content-area-description single-story post-571377 post type-post status-publish format-standard hentry category-national-security tag-armed-forces tag-enterpriseam tag-national-security tag-us wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The US Department of State has approved Egypt\u2019s request to purchase USD 2.3 bn of equipment to refurbish 43 Apache attack helicopters, a <a href=\"https:\/\/www.dsca.mil\/major-arms-sales\/egypt-ah-64e-refurbished-apache-attack-helicopters-and-related-equipment-and\">Defense Security Cooperation Agency statement<\/a> said on Thursday. The agreement will include the provision of missile warning systems and target designators, as well as US personnel training and contractor engineering.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/armed-forces\/\">Armed Forces<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/national-security\/\">national security<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us\/\">US<\/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=\"571378\" 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=\"571378\">\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\/10\/the-market-yesterday-88\/\">\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\/10\/the-market-yesterday-88\/\" 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\/10\/the-market-yesterday-88\/')\">\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\/10\/the-market-yesterday-88\/\">\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\/10\/the-market-yesterday-88\/\">\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\/10\/the-market-yesterday-88\/&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%2F10%2Fthe-market-yesterday-88%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\/10\/the-market-yesterday-88\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571378\" class=\"content-area-description single-story post-571378 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> (Thursday): 10,177 (-1.1%)<br \/>\n <strong>Turnover:<\/strong> EGP 1 bn (45% above the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: -27.1%<\/p>\n<p><strong>THE MARKET ON THURSDAY:<\/strong> The EGX30 ended Thursday\u2019s session down 1.1%. CIB, the index\u2019s heaviest constituent, ended up 1.1%. EGX30\u2019s top performing constituents were Dice up 11%, CIB up 1%, and Cleopatra Hospitals up 0.9%%. Thursday\u2019s worst performing stocks were AMOC down 7.8%, KIMA down 6.6% and Sidi Kerir Petrochemicals down 6.2%. The market turnover was EGP 1 bn, and local investors were the sole net buyers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Short | EGP 17.5 mn<br \/>\n <strong>Regional<\/strong>: Net Short | EGP -11.9 mn<br \/>\n <strong>Domestic<\/strong>: Net Long | EGP +29.5 mn<\/p>\n<p><strong>Retail<\/strong>: 58.5% of total trades | 57.3% of buyers | 59.7% of sellers<br \/>\n <strong>Institutions<\/strong>: 41.5% of total trades | 42.7% of buyers | 40.3% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 24.74 (+5.05%)<br \/>\n <strong>Brent:<\/strong> USD 30.97 (+5.13%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 1.82 MMBtu, (-3.75%, Jun 2020 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,713.90 \/ troy ounce (-0.69%)<\/p>\n<p><strong>TASI:<\/strong> 6,628.53 (-0.40%) (YTD: -20.99%)<br \/>\n <strong>ADX:<\/strong> 4,061.62 (+1.00%) (YTD: -19.98%)<br \/>\n <strong>DFM:<\/strong> 1,922.61 (+0.19%) (YTD: -30.46%)<br \/>\n <strong>KSE Premier Market:<\/strong> 5,230.17 (-1.1%)<br \/>\n <strong>QE:<\/strong> 8,799.30 (+0.46%) (YTD: -15.60%)<br \/>\n <strong>MSM:<\/strong> 3,483.98 (+0.31%) (YTD: -12.49%)<br \/>\n <strong>BB: <\/strong>1,279.73 (-0.67%) (YTD: -20.52%)<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-market-yesterday\/\">The Market Yesterday<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"571379\" 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\/10\/571379\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571379\" class=\"content-area-description single-story post-571379 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\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":571352,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-571351","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"5707e825-93cc-4f8b-9225-f62a27ed22f3","teaser":"","photo_url":"https:\/\/ent.news\/2020\/5\/85.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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