{"id":571510,"date":"2020-05-14T04:25:39","date_gmt":"2020-05-14T04:25:39","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=571510"},"modified":"2025-12-16T08:03:07","modified_gmt":"2025-12-16T08:03:07","slug":"govt-unveils-three-stage-plan-to-fully-reopen-the-economy","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/govt-unveils-three-stage-plan-to-fully-reopen-the-economy\/","title":{"rendered":"Gov\u2019t unveils three-stage plan to fully reopen the economy"},"content":{"rendered":"<section id=\"571512\" 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=\"571512\">\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\/14\/what-were-tracking-on-14-may-2020\/\">\r\n                            What we\u2019re tracking on 14 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\/14\/what-were-tracking-on-14-may-2020\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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href=\"https:\/\/api.whatsapp.com\/send?text=What+we%E2%80%99re+tracking+on+14+May+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F05%2F14%2Fwhat-were-tracking-on-14-may-2020%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/14\/what-were-tracking-on-14-may-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571512\" class=\"content-area-description single-story post-571512 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-aviation tag-china tag-construction tag-covid-19 tag-dubai tag-enterpriseam tag-europe tag-healthcare tag-house-planning-and-budgeting-committee tag-interest-rates tag-jerome-powell tag-making-it tag-new-administrative-capital tag-nmc-health tag-pandemic tag-podcast tag-sahar-salama tag-smes tag-tourism tag-tpay tag-trade tag-travel tag-tui wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_27645\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\">\n<p class=\"f-graphik\" style=\"font-size:14px\">Together with<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27482.svg\" alt=\"\" class=\"wp-image-27482\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><strong>It\u2019s big news morning to end the workweek week <\/strong>as we all prepare to (very gratefully) slide into the weekend:<\/p><ul>\n<li>The Health Ministry has released a <strong>three-stage plan to re-open the economy<\/strong> at the same time as the government is lining up another USD 9 bn in foreign funding to shore up foreign reserves in the face of the pandemic.<\/li>\n<li>The Madbouly government is <strong>asking us all not to lay off staff<\/strong>.<\/li>\n<li>It\u2019s <strong>interest rate day<\/strong> and the expectation is that rates will be left on hold.<\/li>\n<li>US Fed chairman <strong>Jay Powell spooked global markets<\/strong> by telling the truth: We\u2019re looking at a long, slow, painful recovery.<\/li>\n<li>Europe and the UAE are looking to <strong>salvage something of the summer tourism season<\/strong>.<\/li>\n<\/ul><p><strong>The plan to reopen the economy leads this morning\u2019s Speed Round<\/strong>, followed by a rundown on how policymakers plan to shore up FX reserves.<\/p><p>Let\u2019s get started?<\/p><p><strong>The government has launched a campaign to discourage layoffs in the private sector<\/strong>, with our friends Ahmed El Sewedy (Elsewedy Electric) and Ahmed Heikal (Qalaa Holdings) out in front on this one, <a href=\"https:\/\/ent.news\/2020\/5\/Egypt-Will-Pass-Campaign.pdf\">according to a statement (pdf)<\/a>. You can <a href=\"https:\/\/bit.ly\/3by4x5w\">watch the campaign video here (runtime: 1:04)<\/a>.<\/p><p><strong>It\u2019s <\/strong><strong>interest rate day:<\/strong> The Central Bank of Egypt\u2019s Monetary Policy Committee meets today to review interest rates. Ten of the 12 analysts in <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/78bd44d3-3a0f-4c34-8ed4-f7c105135182\">our regular poll<\/a> are predicting that rates will be left on hold.<\/p><div class=\"stand-out\">\n<p><strong><a href=\"https:\/\/www.surveymonkey.com\/r\/95DC9YG\">***PLEASE LET US KNOW how covid-19 is impacting your business.<\/a><\/strong> We run an annual reader poll asking what you expect of business conditions and the economy in the year ahead. 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>W<\/strong><strong>e\u2019ll have the results for you immediately after the Eid.<\/strong><\/p>\n<\/div><p><strong>So, when do we eat? <\/strong>Maghrib prayers are at 6:41pm and you\u2019ll have until 3:22am 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-13-May-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/p><p><strong>COVID-19 IN EGYPT-<\/strong><\/p><p><a id=\"tldr-story-02\" class=\"content-anchor\"><\/a> <strong>Egypt has now disclosed a total of 10,431 confirmed cases of covid-19<\/strong> after <a href=\"https:\/\/bit.ly\/3dGBApt\">the Health<\/a><a href=\"https:\/\/bit.ly\/3dGBApt\">Ministry reported<\/a> 338 new infections yesterday. The ministry also said that another 12 people had died from the virus, taking the death toll to 556. We now have a total of 2980 confirmed cases that have since tested negative for the virus after being hospitalized or isolated, of whom 2486 have fully recovered.<\/p><p><strong>Healthcare workers are feeling the stress<\/strong>, with the Medical Syndicate <a href=\"http:\/\/www.ems.org.eg\/our_news\/details\/6728\">calling on authorities<\/a> to repeal \u201cdangerous\u201d new guidelines that instruct health workers not to get tested for the virus unless they show symptoms. The call comes after reports that <strong>as many as 130 medical professionals at Al Azhar-associated hospitals are infected<\/strong>, Al Azhar University Vice President Mahmoud Sedik, <a href=\"https:\/\/bit.ly\/2LD7VSl\">according to Masrawy<\/a>.<\/p><p><strong>Separately, a university hospital in El Matareya also reported 19 new infections<\/strong> among its employees yesterday, <a href=\"https:\/\/bit.ly\/2WQvc8w\">Al Shorouk reports<\/a>.<\/p><hr class=\"grey-line\"><p><strong>Hotels can choose to reopen starting tomorrow <\/strong>at a cap of 25% occupancy that could be raised to 50% in June if things go well. Operators face a laundry list of common sense protocols as a condition of reopening. <strong>Violators could have their licenses pulled and face a two-year closure order, <\/strong>Red Sea Governor Amr Hanafy told \u2018Ala Mas\u2019ouleety\u2019s Ahmed Moussa on Tuesday (<a href=\"https:\/\/www.youtube.com\/watch?v=5fDE1yRupHY&amp;feature=emb_title\">watch, runtime 6:05<\/a>).<\/p><p><strong>A \u201ccurfew\u201d could be in place after Eid<\/strong> running from 11pm to 6am (also known as: When Normals should be sleeping, anyway) as part of the government\u2019s package of measures to contain the spread of covid-19, says well-connected MP and former journalist Mostafa Bakry in a piece from Ahram Online\u2019s Gamal Essam El Din that is <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/50\/1201\/369240\/AlAhram-Weekly\/Egypt\/Learning-to-live-with-the-virus.aspx\">very much worth a skim if you\u2019re looking for insight into where parliamentarians\u2019 heads are<\/a> on the coronavirus.<\/p><p><strong>The Finance Ministry is using covid-19 as cover to go after businesses selling online <\/strong><strong>without charging and remitting VAT<\/strong>, a report in <a href=\"https:\/\/bit.ly\/2y0crqL\">Al Mal<\/a> suggests. The drive is specific to unlicensed businesses marketing themselves online, but readers should see this in the context of the state\u2019s ongoing (and very sensible) <a href=\"https:\/\/enterprise.press\/stories\/2018\/10\/16\/online-retailers-now-have-to-charge-and-remit-vat\/\">push to ensure that ecommerce and online ad buys are subject to the same taxes as offline commerce<\/a>.<\/p><p><strong>Contractors will be able to apply for help under the central bank\u2019s EGP 100 bn stimulus <\/strong><strong>initiative<\/strong> for select industries to help them survive the fallout from covid-19, <a href=\"https:\/\/alborsaanews.com\/2020\/05\/14\/1343240\">the CBE said yesterday<\/a>. Companies need to have turnover of at least EGP 50 mn per year to qualify. Meanwhile, the unfortunately named FEDCOC continues to (sensibly) call for the CBE to <strong>expand its <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d3613595-68ee-4209-b114-d886ac1b9b17\">low-interest subsidized loan<\/a><\/strong><strong> initiative to cover the retail and service sectors<\/strong>, <a href=\"https:\/\/bit.ly\/2T2Uq2i\">Masrawy reports<\/a>.<\/p><p><strong>Meanwhile, construction at the new capital is moving forward at full steam<\/strong>, <a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-egypt-new-capital\/egypt-presses-on-with-new-capital-in-the-desert-amid-virus-outbreak-idUSKBN22P24A\">Reuters<\/a><a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-egypt-new-capital\/egypt-presses-on-with-new-capital-in-the-desert-amid-virus-outbreak-idUSKBN22P24A\">quoted officials as saying<\/a>. Fewer workers are present on site, with work being stretched over two shifts. President Abdel Fattah El Sisi <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/67e65b2d-4738-46d6-852d-324a0730f19f\">last month<\/a> postponed to 2021 the inauguration of all national projects, including the new capital, due to the outbreak. Government employees were due to move in next month.<\/p><p><strong>DONATIONS-<\/strong><\/p><p><strong>Our friends at GB Auto alongside TVD<\/strong> \u2014 its JV with El Ghalban Auto Market Group \u2014 <strong>have donated 20 <\/strong><strong>pickup trucks<\/strong> to the Health Ministry, <a href=\"https:\/\/bit.ly\/2yRjja8\">GB said yesterday<\/a>.<\/p><p><strong>Lafarge Egypt is contributing to repairing 460 ventilators at public hospitals, in <\/strong><strong>addition to covering the expenses of 2k food boxes<\/strong> the Egyptian Food Bank is distributing to day laborers in Qalyubia, <a href=\"https:\/\/ent.news\/2020\/5\/Press-Release-Lafarge-Egypt.pdf\">according to a press release (pdf)<\/a>.<\/p><p><strong>Al Ahly Sabbour for Real Estate Developments has donated EGP 4.5 mn worth of <\/strong><strong>ventilators and PPE<\/strong>, as well as 12k food boxes worth EGP 3 mn, to covid-19 front line workers, according to a cabinet <a href=\"https:\/\/bit.ly\/3bsKW6L\">statement<\/a>.<\/p><p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/5\/coronavirus-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/p><p><strong>ON THE GLOBAL FRONT-<\/strong><\/p><p><strong>The global tourism industry is desperate to reopen<\/strong> before it misses the northern hemisphere\u2019s critical summer season.<\/p><p><strong>Emirates Airlines is resuming service<\/strong> to Heathrow, Frankfurt, Paris, Milan, Madrid, Chicago, Toronto, Sydney and Melbourne, <a href=\"https:\/\/www.emirates.com\/media-centre\/emirates-resumes-passenger-flights-to-9-destinations-including-connections-between-uk-and-australia\/?referringSource=articleShare\">the company said<\/a> in a statement yesterday. The news came as <strong>Dubai reopened public parks and private beaches <\/strong><strong>for hotel guests<\/strong> while limiting gatherings to groups of five, the <a href=\"http:\/\/wam.ae\/en\/details\/1395302842485\">state news agency WAM reported<\/a>.<\/p><p><strong>The EU will try to reopen borders to avoid losing out on the lucrative summer<\/strong> <strong>season, <\/strong>but prospects are mixed over fears for health and safety, an EU commission deputy, Margrethe Vestager, said yesterday, <a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-eu-travel\/eu-calls-for-european-borders-to-reopen-to-save-tourist-season-idUSKBN22O38B\">according to Reuters<\/a>. <a href=\"https:\/\/www.euractiv.com\/section\/transport\/news\/eu-transport-tourism-plan-aims-to-protect-summer-vacations\/\">A proposal seen by Euractiv<\/a> would ease travel restrictions in phases to reopen borders with \u201csimilar risk profiles.\u201d<\/p><p><strong>If this is nudging you to bring back the Eurotrip plans you shelved in March, <\/strong>here\u2019s <a href=\"https:\/\/www.cnbc.com\/2020\/05\/13\/face-masks-and-swimming-pool-bookings-how-europe-is-reopening-tourism.html\">what<\/a> <a href=\"https:\/\/www.cnbc.com\/2020\/05\/13\/face-masks-and-swimming-pool-bookings-how-europe-is-reopening-tourism.html\">you should know<\/a>.<\/p><p><strong>Canada and the US, meanwhile, look set to leave their border closed to all <\/strong><strong>non-essential travel until 21<\/strong> <strong>June,<\/strong> the <a href=\"https:\/\/www.theglobeandmail.com\/politics\/article-canada-us-border-expected-to-stay-closed-to-non-essential-travel-to\/\">Globe &amp; Mail reports<\/a>, citing unnamed government sources.<\/p><p><strong>Air traffic won\u2019t return to pre-covid levels until 2023 at the earliest,<\/strong> the International Air Transport Association (IATA) <a href=\"https:\/\/www.reuters.com\/article\/health-coronavirus-iata\/no-return-to-pre-crisis-air-traffic-before-2023-iata-idUSL8N2CV56H\">said yesterday<\/a>, suggesting the <a href=\"https:\/\/www.londonstockexchange.com\/exchange\/news\/market-news\/market-news-detail\/TUI\/14537625.html\">8k job cut at LSE-listed global travel operator TUI<\/a> could just be the tip of the iceberg. TUI chief Fritz Joussen <a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-tui-ceo-holidays\/european-holidays-to-restart-in-july-tourism-to-recover-by-2022-tui-ceo-idUSKBN22P0YZ\">told reporters<\/a> that the company plans to <strong>begin taking bookings for European holidays in July<\/strong> and that the industry might not make a full recovery until 2022.<\/p><p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/3\/JayPowell-1600px.jpeg?ssl=1\" alt=\"enterprise\"><\/p><p><strong>GLOBAL MACRO-<\/strong><\/p><p><strong>The pages of the financial press were adorned with Jay Powell\u2019s face for much of <\/strong><strong>yesterday:<\/strong> In a webcast for the Peterson Institute yesterday the Fed chair had some choice words about where he sees the US economy going and what lawmakers should do to prevent the situation from getting any messier.<\/p><ul>\n<li><strong>Prepare for an \u201cextended period\u201d of weak growth:<\/strong> Contradicting the widespread optimism for a rapid economic recovery, Powell warned that immediate growth prospects were dire and it will take \u201csome time\u201d before the economy finds its feet. (<a href=\"https:\/\/www.reuters.com\/article\/us-usa-fed-powell\/feds-powell-says-economy-may-face-extended-period-of-weak-growth-idUSKBN22P1FG?il=0\">Reuters<\/a>)<\/li>\n<li><strong>The US needs to get its act together and pass new fiscal measures:<\/strong> Congress and the White House need to agree on further fiscal support to prevent an extended recession. \u201cAdditional fiscal support could be costly but worth it if it helps avoid long-term economic damage and leaves us with a stronger recovery,\u201d he said. (<a href=\"https:\/\/www.washingtonpost.com\/business\/2020\/05\/13\/fed-powell-coronavirus-recession\/\">Washington Post<\/a>)<\/li>\n<li><strong>Negative rates are a no-go:<\/strong> The Fed chair pushed back on <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5c729aa7-72ef-48bb-a2dd-c4861be43eef\">growing market speculation<\/a> that the central bank could cut rates below zero if push came to shove. \u201cThe committee\u2019s view on negative rates really has not changed. This is not something we\u2019re looking at,\u201d he said. (<a href=\"https:\/\/www.marketwatch.com\/story\/powell-rejects-using-negative-rates-as-a-policy-tool-2020-05-13\">MarketWatch<\/a>)<\/li>\n<\/ul><p><strong>None of this went down too well with the markets: <\/strong>US stocks dipped to a three-week low on Powell\u2019s comments. The S&amp;P 500 closed 2.2% in the red and the Dow lost 1.75%.<\/p><p><strong>Chinese officials are considering pulling out of the trade pact with the US:<\/strong> President Trump has rejected the prospect of reworking the first phase of the US-China trade agreement after Chinese state media reported that officials in Beijing are considering pulling out of the pact and renegotiating terms, <a href=\"https:\/\/www.reuters.com\/article\/us-usa-china-trade-trump\/trump-not-interested-in-reopening-u-s-china-trade-deal-after-report-of-beijing-discontent-idUSKBN22N2UY\">Reuters reports<\/a>. Unnamed Chinese trade officials <a href=\"https:\/\/www.globaltimes.cn\/content\/1188028.shtml\">told the Global Times<\/a> that there is growing dissatisfaction over the terms of the agreement in Beijing, with some in the government calling for a complete renegotiation of the pact. The news comes as new figures revealed the two countries are <strong>pulling investments at a startling rate<\/strong>, <a href=\"https:\/\/www.ft.com\/content\/115fc14f-4a8a-45da-8688-c59605a5191a\">the Financial Times notes.<\/a><\/p><p><strong>AND THE REST OF THE WORLD- <\/strong><\/p><p><strong>It\u2019s a fire sale at NMC Health:<\/strong> The UAE\u2019s troubled healthcare provider has begun selling off assets as it tries to raise money to repay its creditors, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-05-12\/nmc-health-administrators-are-said-to-kick-off-asset-sales?srnd=premium-middle-east\">Bloomberg reports<\/a>. The company is planning to sell its distribution business, its fertility unit, and even its hospital business \u2014 the largest private healthcare provider in the region. The situation at NMC, once traded on the FTSE 100 with a USD 11 bn market cap, began to unwind in recent months after an internal investigation revealed evidence of fraudulent accounting.<\/p><p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/5\/Sahar-Salama-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/p><p><strong>It\u2019s Making It day:<\/strong> Episode four of the second season of our podcast on building a great business in Egypt is out today. We will be taking a short break for the Eid weekend, and resuming on May 28th.<\/p><p><strong>Sahar Salama, founder and CEO of TPay: <\/strong>As a software engineer who worked on consumer billing solutions for telecom companies, Sahar Salama has built the infrastructure that\u2019s helping mns with cellphones \u2014 but no bank accounts \u2014 get online. Launched in 2014 in Egypt, Saudi Arabia and the UAE TPay helps consumers and businesses transact through direct operator billing. Before 2014, online payment options were sparse. Today, TPay is one of the region\u2019s leading fintech companies specializing in enabling digital payments through mobile phones, operating in 18 markets across MENA covering almost 51 mn transactions a day.<\/p><p><strong>Salama spoke to us on the importance of anticipating a business opening and getting a technological headstart to capitalize on it.<\/strong> Through her experience scaling her company from three to eighteen markets, she also discussed the importance of forming strategic partnerships that are right for scaling your business.<\/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\/s2e11-where-preparation-meets-opportunity-how-tpay\/id1487974619?i=1000474445931\">Apple Podcast<\/a> | <a href=\"https:\/\/podcasts.google.com\/feed\/aHR0cHM6Ly9vbW55LmZtL3Nob3dzL21ha2luZy1pdC9wbGF5bGlzdHMvcG9kY2FzdC5yc3M\/episode\/ZWYwMmY0NmUtNWEwYi00Y2JlLTg0NWYtYWJiYTAwOWY4MTRm?ved=0CAcQ38oDahcKEwiIs-714bDpAhUAAAAAHQAAAAAQBA\">Google Podcast<\/a> | <a href=\"https:\/\/omny.fm\/shows\/making-it\">Omny<\/a>. We\u2019re also available on <a href=\"https:\/\/open.spotify.com\/show\/5kp07MwlL0pk8W8i7thpgB\">Spotify<\/a>, but only for non-MENA accounts. Subscribe to Making It on your podcatcher of choice <a href=\"https:\/\/bit.ly\/35lugvb\">here<\/a>.<\/p>\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\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/construction\/\">construction<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span 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href=\"https:\/\/enterpriseam.com\/egypt\/tag\/podcast\/\">podcast<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sahar-salama\/\">Sahar Salama<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/smes\/\">SMEs<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tpay\/\">TPay<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/trade\/\">trade<\/a>\n                <!-- <span 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sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 .stk-block-carousel__button svg.ugb-custom-icon :is(g, path, rect, polygon, ellipse){fill:#FFFFFF !important;}<\/style>\r\n                <div class=\"stk-block-carousel__content-wrapper\">\r\n                <div class=\"stk-row stk-inner-blocks stk-block-content stk-block-carousel__slider-wrapper stk-content-align stk-a38cfb2-column alignwide\">\r\n                <div class=\"stk-block-carousel__slider\" role=\"list\" data-autoplay=\"4000\" data-label-slide-of=\"Slide %%d of %%d\">\r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-46c5f99\" data-v=\"4\" data-block-id=\"46c5f99\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-46c5f99-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-46c5f99-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240922.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.hsbc.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27489.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Opening up a world of opportunity<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-v9uoi7z\" data-v=\"4\" data-block-id=\"v9uoi7z\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-v9uoi7z-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-v9uoi7z-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240923.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/efghldg.com\/en\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27488.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Realize More<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-ckynjuq\" data-v=\"4\" data-block-id=\"ckynjuq\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-ckynjuq-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-ckynjuq-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240924.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.sodic.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27487.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Live More<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-mmjrtop\" data-v=\"4\" data-block-id=\"mmjrtop\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-mmjrtop-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-mmjrtop-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240925.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/weareinfinity.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/27483.png?fit=300%2C300&#038;ssl=1\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Powering with nature<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-fsdgbkn\" data-v=\"4\" data-block-id=\"fsdgbkn\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-fsdgbkn-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-fsdgbkn-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 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data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"571514\" 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=\"571514\">\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\/14\/last-nights-talk-shows-for-13-may-2020\/\">\r\n                            Last Night\u2019s Talk Shows for 13 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\/14\/last-nights-talk-shows-for-13-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\/14\/last-nights-talk-shows-for-13-may-2020\/')\">\n                    Copy Link                <\/a>\n\n 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href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2020\/05\/14\/last-nights-talk-shows-for-13-may-2020\/&title=Last Night\u2019s Talk Shows for 13 May 2020\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Last+Night%E2%80%99s+Talk+Shows+for+13+May+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F05%2F14%2Flast-nights-talk-shows-for-13-may-2020%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/14\/last-nights-talk-shows-for-13-may-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571514\" class=\"content-area-description single-story post-571514 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-central-bank-of-egypt tag-covid-19 tag-enterprise-last-nights-talk-shows tag-enterpriseam tag-foreign-reserves tag-hospitality tag-investment-watch tag-manufacturing tag-pandemic tag-red-sea tag-tourism tag-transport wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>\u2018Ala Mas\u2019ouleety host Ahmed Moussa had the floor to himself last night,<\/strong> airing interviews with central bank deputy governor Ramy Aboul Naga and Transport Minister Kamel El Wazir.<\/p>\n<p><strong>Foreign investors have pulled USD 17 bn out of Egypt since the beginning of the covid-19 crisis in March,<\/strong> CBE Deputy Governor Ramy Aboul Naga told Moussa last night. Capital flight peaked in March before easing in April, he said. Aboul Naga reassured that the country has enough reserves and cash on hand to meet its import needs for the next seven months. Egypt\u2019s foreign reserves have fallen by <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bf372f6c-8044-4c64-9054-8c506d63a4a8\">USD 8.5 bn over the past two months<\/a> as the CBE responded to the accelerating portfolio outflows, made debt repayments and bought strategic goods. <strong>Watch the full interview here:<\/strong> <a href=\"https:\/\/www.youtube.com\/watch?v=rcoxfzN2EKQ\">(watch, runtime: 46:50)<\/a><\/p>\n<p><strong>Delivery of Russian railcars faces delays due to covid -El Wazir:<\/strong> Egypt will not receive the first batch of <a href=\"https:\/\/enterprise.press\/stories\/2019\/10\/08\/egypt-to-receive-first-batch-of-50-railcars-from-transmashholding-in-january\/\">railcars from Russian manufacturer Transmashholding<\/a> before 30 June due to disruption caused by the pandemic, Transport Minister Kamel El Wazir told Moussa last night. The government was expecting to receive 100 units before the end of next month, the minister said, before suggesting that 34 might arrive \u201csoon.\u201d<\/p>\n<p><strong>Transport Ministry to set up new factory in Port Said:<\/strong> The ministry will work with international companies to establish a new factory in Port Said that will manufacture primarily electric and monorail train cars and spare parts for the nation\u2019s railways and metro lines. <strong>Check the full interview here:<\/strong> <a href=\"https:\/\/www.youtube.com\/watch?v=mvFeuCAOGCg\">(watch, runtime: 58:18)<\/a><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/central-bank-of-egypt\/\">Central Bank of Egypt<\/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\/foreign-reserves\/\">foreign reserves<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hospitality\/\">hospitality<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/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\/red-sea\/\">Red Sea<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/transport\/\">transport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"571515\" 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=\"571515\">\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\/14\/egypt-announces-a-three-stage-plan-to-fully-reopen-the-economy\/\">\r\n                            Egypt announces a three-stage plan to fully reopen the economy                        <\/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\/14\/egypt-announces-a-three-stage-plan-to-fully-reopen-the-economy\/\" 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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It remains in effect for at least two weeks.<\/li>\n<li><strong>Phase two <\/strong>starts after we see 14 days of declining day-on-day counts of new cases in phase one. Measures for the general population and for specific industries will ease over a 28 day period provided there\u2019s no spike in new cases.<\/li>\n<li><strong>Phase three <\/strong>is probably best described as \u201cwatchful waiting\u201d with light precautions in place until the World Health Organization gives the all-clear.<\/li>\n<\/ul>\n<p><strong>You can <\/strong><strong><a href=\"https:\/\/ent.news\/2020\/5\/%D8%A7%D9%84%D8%AA%D8%B9%D8%A7%D9%8A%D8%B4-%D8%A7%D9%84%D8%AF%D9%8A%D9%86%D8%A7%D9%85%D9%8A%D9%83%D9%8A.pdf\">tap or click here<\/a><\/strong><strong> to read the full plan in pdf format.<\/strong><\/p>\n<p><strong>The ministry\u2019s timetable makes no mention of what will happen to the nighttime curfew<\/strong>, which the Madbouly government last week extended through 26 May, when Eid El Fitr ends.<\/p>\n<p><strong>Also unclear: <\/strong>The plan makes no mention of when:<\/p>\n<ul>\n<li>Egyptian airspace will reopen to regular commercial flights;<\/li>\n<li>Public-facing government services including passport and visa issuance will resume;<\/li>\n<li>Mosques and churches will reopen.<\/li>\n<\/ul>\n<p><strong>Here\u2019s what to expect:<\/strong><\/p>\n<p><strong>The kids are not going back to school, university or nursery anytime soon. <\/strong>They\u2019re closed \u201cduring the pandemic,\u201d the plan says without detail on the phase in which they might be allowed to reopen.<\/p>\n<p><strong>You\u2019re not going to go back to the gym, either. <\/strong>Gyms, sporting clubs, cafes, cinemas, theaters and other entertainment venues are also closed \u201cduring the pandemic,\u201d the plan says. Large gatherings for weddings and funerals will remain prohibited.<\/p>\n<p><strong>The picture is less clear when it comes to restaurants: <\/strong>It seems they will only be allowed to open for takeout and delivery in phase one before dining rooms open with a cap at 50% occupancy in phase two.<\/p>\n<p><strong>PHASE 1: You\u2019ll need to wear face masks in the workplace<\/strong>, including factories and offices, and everyone will need to wear masks in public places, including in shops and on public transportation. Businesses will need to cap headcounts at the lowest possible number per shift that\u2019s compatible with full operations. All public establishments will be required to keep hand sanitizer at their entryways and screen people for temperatures or obvious signs of infection before admission. Seniors will be urged to stay home and anyone with an underlying health condition will be urged to work from home wherever possible. There will be specific cars on the Metro for the elderly and for vulnerable citizens.<\/p>\n<p><strong>Shops, banks, and other public spaces will be required to limit footfall<\/strong> by asking customers to line up outside. Authorities will promote the use of electronic payment, smart technology, and delivery services.<\/p>\n<p><strong>How do we get from phase one to phase two? <\/strong>Fourteen days of declining case counts.<\/p>\n<p><strong>PHASE 2 will see the measures imposed in phase one eased over a period of 28 days. <\/strong>We will still be required to wear face masks in public and in the workplace \u2014 and entertainment venues will remain closed.<\/p>\n<p><strong>PHASE 3 will see only light precautions in place<\/strong> provided we see no spikes in new cases. The measures will include limits on large gatherings and ensuring closed spaces remain clean and well-ventilated. Only vulnerable people (seniors and those with underlying health conditions) will be required to wear face masks. We\u2019ll remain in phase three until the World Health Organization gives the all-clear.<\/p>\n<p><strong>Read the pdf carefully \u2014 the ministry\u2019s plan lists measures designed specifically for<\/strong> <strong>workplaces, malls and shops, construction sites, public transport, and hotels.<\/strong> The measures will also follow the same pattern, beginning with a strict phase and then gradually easing out as we enter the later phases. They vary from conducting rapid covid screening tests before admitting foreign guests at hotels to deep cleaning offices, retail areas, and public transportation facilities.<\/p>\n<p>When airspace reopens, <strong>tourists will need to produce the results of a PCR test <\/strong>completed 48 hours before they hopped on their flights.<\/p>\n<p><strong>The get out of jail [without charge] card: <\/strong>If the WHO approves a vaccine at any stage, the Health Ministry will immediately launch an immunization drive.<\/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\/country-lockdown\/\">country lockdown<\/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\/health\/\">health<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/health-ministry\/\">Health Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/phased-reopening\/\">phased reopening<\/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\/world-health-organization\/\">World Health Organization<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"571527\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"571528\" 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=\"571528\">\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\/14\/the-impending-em-debt-crisis-is-going-to-be-messy\/\">\r\n                            The impending EM debt crisis is going to be messy                        <\/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\/14\/the-impending-em-debt-crisis-is-going-to-be-messy\/\" 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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Compounding the problem is an increased difficulty for borrowers to reach a debt restructuring agreement with their creditors, which are now mostly \u201ca multitude of bond funds\u201d as opposed to banks and governments.<\/p>\n<p><strong>Complication #1- The threat of vulture funds<\/strong>, which threaten to sue sovereign borrowers in the middle of a debt crisis and demand that these governments repay their full debts, rather than undergoing debt restructuring. With the threat of a lengthy and costly legal battle, governments sometimes opt to pay these funds the full amount \u2014 as long as they remain a minority \u2014 and the funds come out on top. After one fund <a href=\"https:\/\/enterprise.press\/stories\/2019\/04\/17\/vulture-funds-eyeing-venezuela-hope-to-score-big-wins-from-crisis\/\">managed to eke out USD 2.4 bn<\/a> from the Argentinian government 15 years after it defaulted, analysts are now concerned that we could see a wave of imitators that would worsen the looming debt crisis.<\/p>\n<p><strong>Complication #2- EM governments themselves are reluctant to ask for debt restructuring<\/strong> for fear of a credit rating downgrade that would make it difficult for them to tap debt markets again in the future, Jonathan Wheatley <a href=\"https:\/\/www.ft.com\/content\/3b4a5684-81e5-4ed0-9a9a-660d85f024e9\">writes for the salmon-colored paper<\/a>. These concerns are not baseless: Ratings agencies Moody\u2019s, S&P and Fitch have signaled they would \u201chave little choice but to downgrade a sovereign issuer the moment it requested a standstill and would probably regard any renegotiation of terms as a default.\u201d The emerging consensus is also that debt restructuring wouldn\u2019t actually be that helpful in the long run \u2014 governments won\u2019t be any better positioned to repay their debts a few months down the line than they are today.<\/p>\n<p><strong>Enter the Paris Club, which may be <\/strong><strong>about to put its weight behind an expanded debt moratorium to more than just the poorest countries<\/strong> and beyond the <a href=\"https:\/\/www.ft.com\/content\/c384ed59-1ca3-476f-9b89-eaf5cf31e42c\">G20\u2019s initial six-month period<\/a>, Paris Club Chair Odile Renaud-Basso said, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-05-13\/debt-relief-may-go-beyond-the-poorest-nations-africa-debt-watch?sref=mmeFTDW1\">according to Bloomberg<\/a>. While Renaud-Basso says the club is \u201cconfident\u201d China will agree to pause debt repayments, he says that middle-income EMs likely also need debt relief or restructuring agreements. China has <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a60b8d8b-5594-41f3-a187-f80f1e501da2\">received several debt relief requests<\/a> from countries that received loans from its banks under the Belt and Road Initiative, with the majority coming from African countries, where lenders doled out USD 461 bn in loans since 2013.<\/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\/belt-and-road-initiative\/\">Belt and Road Initiative<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/emerging-markets\/\">emerging markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-macro-picture\/\">THE MACRO PICTURE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"571530\" 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=\"571530\">\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\/14\/egypt-in-the-news-on-14-may-2020\/\">\r\n                            Egypt in the News on 14 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\/14\/egypt-in-the-news-on-14-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\/14\/egypt-in-the-news-on-14-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\/14\/egypt-in-the-news-on-14-may-2020\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt in the News on 14 May 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/05\/14\/egypt-in-the-news-on-14-may-2020\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2020\/05\/14\/egypt-in-the-news-on-14-may-2020\/&title=Egypt in the News on 14 May 2020\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+in+the+News+on+14+May+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F05%2F14%2Fegypt-in-the-news-on-14-may-2020%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/14\/egypt-in-the-news-on-14-may-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571530\" class=\"content-area-description single-story post-571530 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-egypt-in-the-news tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>It\u2019s a quiet morning in the pages of the foreign press as far as Egypt is concerned.<\/strong><\/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\/egypt-in-the-news\/\">Egypt in the News<\/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=\"571531\" 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=\"571531\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/14\/sudan-rejects-ethiopian-proposal-to-begin-filling-gerd\/\">\r\n                            Sudan rejects Ethiopian proposal to begin filling GERD                        <\/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\/14\/sudan-rejects-ethiopian-proposal-to-begin-filling-gerd\/\" 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\/14\/sudan-rejects-ethiopian-proposal-to-begin-filling-gerd\/')\">\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\/14\/sudan-rejects-ethiopian-proposal-to-begin-filling-gerd\/\">\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=Sudan rejects Ethiopian proposal to begin filling GERD&url=https:\/\/enterpriseam.com\/egypt\/2020\/05\/14\/sudan-rejects-ethiopian-proposal-to-begin-filling-gerd\/\">\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\/14\/sudan-rejects-ethiopian-proposal-to-begin-filling-gerd\/&title=Sudan rejects Ethiopian proposal to begin filling GERD\">\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=Sudan+rejects+Ethiopian+proposal+to+begin+filling+GERD+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F05%2F14%2Fsudan-rejects-ethiopian-proposal-to-begin-filling-gerd%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\/14\/sudan-rejects-ethiopian-proposal-to-begin-filling-gerd\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571531\" class=\"content-area-description single-story post-571531 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-diplomacy tag-diplomacy-foreign-trade tag-enterpriseam tag-sudan wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Sudan rejects Ethiopian proposal to begin filling GERD: <\/strong>Sudan has refused to sign an early agreement with Ethiopia to go ahead with the first phase of filling the Grand Ethiopian Renaissance Dam\u2019s reservoir as key sticking points on the timeline and long term operation of the dam still need to hashed out between Egypt and the two African countries, the Sudanese Irrigation Ministry said in a statement <a href=\"https:\/\/www.skynewsarabia.com\/middle-east\/1343861-%D8%A7%D9%84%D8%B3%D9%88%D8%AF%D8%A7%D9%86-%D9%8A%D8%B1%D9%81%D8%B6-%D9%85%D9%82%D8%AA%D8%B1%D8%AD%D8%A7-%D8%A7%D9%95%D8%AB%D9%8A%D9%88%D8%A8%D9%8A%D8%A7-%D8%A8%D8%AA%D9%88%D9%82%D9%8A%D8%B9-%D8%A7%D8%AA%D9%81%D8%A7%D9%82-%D8%AC%D8%B2%D9%8A%D9%94%D9%8A-%D8%B3%D8%AF-%D8%A7%D9%84%D9%86%D9%87%D8%B6%D8%A9\">carried by Sky News Arabia<\/a>. Ethiopia has repeatedly stated that it will begin filling the dam in July without committing to a formal agreement to resolve the dispute, and earlier this year walked away from US-backed talks.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy-foreign-trade\/\">Diplomacy + Foreign Trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sudan\/\">Sudan<\/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=\"571533\" 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=\"571533\">\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\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/14\/elsewedy-electric-subsidiary-signs-egp-209-mn-contract-for-fayoum-substation\/\">\r\n                            Elsewedy Electric subsidiary signs EGP 209 mn contract for Fayoum substation                        <\/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\/14\/elsewedy-electric-subsidiary-signs-egp-209-mn-contract-for-fayoum-substation\/\" 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\/14\/elsewedy-electric-subsidiary-signs-egp-209-mn-contract-for-fayoum-substation\/')\">\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\/14\/elsewedy-electric-subsidiary-signs-egp-209-mn-contract-for-fayoum-substation\/\">\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=Elsewedy Electric subsidiary signs EGP 209 mn contract for Fayoum substation&url=https:\/\/enterpriseam.com\/egypt\/2020\/05\/14\/elsewedy-electric-subsidiary-signs-egp-209-mn-contract-for-fayoum-substation\/\">\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\/14\/elsewedy-electric-subsidiary-signs-egp-209-mn-contract-for-fayoum-substation\/&title=Elsewedy Electric subsidiary signs EGP 209 mn contract for Fayoum substation\">\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=Elsewedy+Electric+subsidiary+signs+EGP+209+mn+contract+for+Fayoum+substation+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F05%2F14%2Felsewedy-electric-subsidiary-signs-egp-209-mn-contract-for-fayoum-substation%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\/14\/elsewedy-electric-subsidiary-signs-egp-209-mn-contract-for-fayoum-substation\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571533\" class=\"content-area-description single-story post-571533 post type-post status-publish format-standard hentry category-energy tag-elsewedy-electric tag-energy tag-enterpriseam tag-infrastructure wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Elsewedy Electric subsidiary Elsewedy Electric for Trading & Distribution has signed a EGP 209 mn EPC contract to build a 200\/22\/220 KV substation in Fayoum\u2019s Al Lahun, <a href=\"https:\/\/ent.news\/2020\/5\/SE_-Al-Lahoon-Substation-Press-Release-En..pdf\">according to a statement (pdf)<\/a>. The substation will take six months to complete.<\/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\/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\/infrastructure\/\">infrastructure<\/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=\"571535\" 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=\"571535\">\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\">Basic Materials + Commodities<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/14\/edita-to-add-200-trucks-to-distribution-network-open-new-morocco-production-facility-this-year\/\">\r\n                            Edita to add 200 trucks to distribution network, open new Morocco production facility this year                        <\/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\/14\/edita-to-add-200-trucks-to-distribution-network-open-new-morocco-production-facility-this-year\/\" 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\/14\/edita-to-add-200-trucks-to-distribution-network-open-new-morocco-production-facility-this-year\/')\">\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\/14\/edita-to-add-200-trucks-to-distribution-network-open-new-morocco-production-facility-this-year\/\">\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=Edita to add 200 trucks to distribution network, open new Morocco production facility this year&url=https:\/\/enterpriseam.com\/egypt\/2020\/05\/14\/edita-to-add-200-trucks-to-distribution-network-open-new-morocco-production-facility-this-year\/\">\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\/14\/edita-to-add-200-trucks-to-distribution-network-open-new-morocco-production-facility-this-year\/&title=Edita to add 200 trucks to distribution network, open new Morocco production facility this year\">\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=Edita+to+add+200+trucks+to+distribution+network%2C+open+new+Morocco+production+facility+this+year+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F05%2F14%2Fedita-to-add-200-trucks-to-distribution-network-open-new-morocco-production-facility-this-year%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\/14\/edita-to-add-200-trucks-to-distribution-network-open-new-morocco-production-facility-this-year\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571535\" class=\"content-area-description single-story post-571535 post type-post status-publish format-standard hentry category-basic-materials-commodities tag-basic-materials-commodities tag-enterpriseam tag-manufacturing tag-morocco wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Edita will add 200 delivery trucks to its distribution network this year and expects to inaugurate a new production facility in Morocco by the year\u2019s end, Menna Shams El Din, head of investor relations, <a href=\"https:\/\/alborsaanews.com\/2020\/05\/13\/1341687\">told the local press<\/a>. Edita is also looking to produce a new biscuit product and add an additional production line at its existing facility, said Shams El Din without providing further details.<\/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\/basic-materials-commodities\/\">Basic Materials + Commodities<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/morocco\/\">Morocco<\/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=\"571536\" 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=\"571536\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/14\/orascoms-gemini-enterprises-africa-launches-new-program-to-support-startups\/\">\r\n                            Orascom\u2019s Gemini Enterprises Africa launches new program to support startups                        <\/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\/14\/orascoms-gemini-enterprises-africa-launches-new-program-to-support-startups\/\" 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\/14\/orascoms-gemini-enterprises-africa-launches-new-program-to-support-startups\/')\">\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\/14\/orascoms-gemini-enterprises-africa-launches-new-program-to-support-startups\/\">\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=Orascom\u2019s Gemini Enterprises Africa launches new program to support startups&url=https:\/\/enterpriseam.com\/egypt\/2020\/05\/14\/orascoms-gemini-enterprises-africa-launches-new-program-to-support-startups\/\">\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\/14\/orascoms-gemini-enterprises-africa-launches-new-program-to-support-startups\/&title=Orascom\u2019s Gemini Enterprises Africa launches new program to support startups\">\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=Orascom%E2%80%99s+Gemini+Enterprises+Africa+launches+new+program+to+support+startups+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F05%2F14%2Forascoms-gemini-enterprises-africa-launches-new-program-to-support-startups%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\/14\/orascoms-gemini-enterprises-africa-launches-new-program-to-support-startups\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571536\" class=\"content-area-description single-story post-571536 post type-post status-publish format-standard hentry category-on-your-way-out tag-angel-investment tag-enterpriseam tag-entrepreneurship tag-startups wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Orascom\u2019s Gemini Enterprises Africa launches new program to support startups: <\/strong>Naguib Sawiris\u2019 startup investment platform <a href=\"https:\/\/www.facebook.com\/africagemini\/\">Gemini Enterprises Africa<\/a> has launched the \u201c<a href=\"https:\/\/bit.ly\/3fKnrtf\">Gemini Uplift Initiative<\/a>,\u201d its latest program to connect entrepreneurs to investors and provide mentorship, <a href=\"https:\/\/ent.news\/2020\/5\/Press-Release-Gemini-Enterprises-Africa-launches-%E2%80%9CGemini-Uplift-Initiative%E2%80%9D-to-propel-startups-forward-during-COVID-19.pdf\">it said in a statement (pdf)<\/a>. The program is supported by more than 45 regional and international partners including the UNDP, startupfest organizer RiseUp, accelerators Flat6Labs and Falak Startups, and the American University in Cairo. Interested startups from all sectors across Africa can apply through <a href=\"https:\/\/uplift.geminiafrica.com\/\">this link<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/angel-investment\/\">Angel Investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/entrepreneurship\/\">entrepreneurship<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startups\/\">startups<\/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=\"571537\" 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=\"571537\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/14\/the-market-yesterday-92\/\">\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\/14\/the-market-yesterday-92\/\" 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\/14\/the-market-yesterday-92\/')\">\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\/14\/the-market-yesterday-92\/\">\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\/14\/the-market-yesterday-92\/\">\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\/14\/the-market-yesterday-92\/&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%2F14%2Fthe-market-yesterday-92%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\/14\/the-market-yesterday-92\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571537\" class=\"content-area-description single-story post-571537 post type-post status-publish format-standard hentry category-the-market-yesterday tag-enterpriseam tag-the-market-yesterday wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><p><strong>EGP \/ USD CBE market average: <\/strong>Buy 15.69 | Sell 15.79<\/p>\n<p> <strong>EGP \/ USD at CIB:<\/strong> Buy 15.70 | Sell 15.80<br \/>\n <strong>EGP \/ USD at NBE: <\/strong>Buy 15.68 | Sell 15.78<\/p>\n<p><strong>EGX30<\/strong> (Wednesday): 10,396 (-1.8%)<br \/>\n <strong>Turnover:<\/strong> EGP 1.1 bn (57% above the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: -25.5%<\/p>\n<p><strong>THE MARKET ON WEDNESDAY:<\/strong> The EGX30 ended Wednesday\u2019s session down 1.8%. CIB, the index\u2019s heaviest constituent, ended down 1.7%. EGX30\u2019s top performing constituents were Ibnsina Pharma up 1.3%, Cr\u00e9dit Agricole up 0.9%, and Heliopolis Housing up 0.6%. Yesterday\u2019s worst performing stocks were Elsewedy Electric down 7.7%, Ezz Steel down 6.3% and Porto Group down 4.4%. The market turnover was EGP 1.1 bn, and regional investors were the sole net buyers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Short | EGP -24.4 mn<br \/>\n <strong>Regional<\/strong>: Net Long | EGP +779.3 mn<br \/>\n <strong>Domestic<\/strong>: Net Short | EGP -755.0 mn<\/p>\n<p><strong>Retail<\/strong>: 26.9% of total trades | 28.2% of buyers | 25.6% of sellers<br \/>\n <strong>Institutions<\/strong>: 73.1% of total trades | 71.8% of buyers | 74.4% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 25.29 (-1.9%)<br \/>\n <strong>Brent:<\/strong> USD 29.19 (-2.6%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 1.616 MMBtu, (-6.1%, June 2020 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,713.98 \/ troy ounce (-0.16%)<\/p>\n<p><strong>TASI:<\/strong> 6,721.24 (+0.55%) (YTD: -19.88%)<br \/>\n <strong>ADX:<\/strong> 4,058.95 (-1.82%) (YTD: -20.03%)<br \/>\n <strong>DFM:<\/strong> 1,921.15 (+1.53%) (YTD: -30.52%)<br \/>\n <strong>KSE Premier Market:<\/strong> 5,034.62 (-1.61%<br \/>\n <strong>QE:<\/strong> 8,801.70 (-1.02%) (YTD: -15.58%)<br \/>\n <strong>MSM:<\/strong> 3,446.70 (-0.12%) (YTD: -13.43%)<br \/>\n <strong>BB: <\/strong>1,232.40 (-0.50%) (YTD: -23.46%)<\/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=\"571538\" 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\/14\/571538\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571538\" class=\"content-area-description single-story post-571538 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>15 May (Friday): Egyptian hotels will be allowed to partially reopen to domestic tourists.<\/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":571511,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-571510","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"0a29a917-a536-4b65-9367-022518107a96","teaser":"","photo_url":"https:\/\/ent.news\/2020\/5\/147.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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