{"id":571943,"date":"2020-06-07T04:47:31","date_gmt":"2020-06-07T04:47:31","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=571943"},"modified":"2025-12-16T08:18:02","modified_gmt":"2025-12-16T08:18:02","slug":"were-one-step-closer-to-usd-5-2-bn-in-extra-funding-from-the-imf","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/were-one-step-closer-to-usd-5-2-bn-in-extra-funding-from-the-imf\/","title":{"rendered":"We\u2019re one step closer to USD 5.2 bn in extra funding from the IMF"},"content":{"rendered":"<section id=\"571945\" 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=\"571945\">\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\/06\/07\/what-were-tracking-on-7-june-2020\/\">\r\n                            What we\u2019re tracking on 7 June 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\/06\/07\/what-were-tracking-on-7-june-2020\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Why are we so chipper this morning?<\/p><ul>\n<li>We\u2019ve reached a staff-level agreement with the IMF on <strong>USD 5.2 bn in fresh funding<\/strong>, as we note in this morning\u2019s Speed Round, below.<\/li>\n<li>Cairo has brokered <strong>a breakthrough in the peace process <\/strong>between warring factions in Libya (again, more in Speed Round).<\/li>\n<li>Data from the US and Canada suggest that <strong>economies are rebounding quicker than<\/strong> <strong>expected <\/strong>from covid-19 shutdowns.<\/li>\n<li>And we\u2019re really chuffed that <strong>Egypt is pushing ahead of mandatory vaccination <\/strong><strong>programs<\/strong> despite the pandemic (see Diplomacy + Foreign Trade, below). Toz, anti-vaxxers.<\/li>\n<\/ul><p>On the jobs reports: <strong>The US economy <\/strong><strong><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-06-05\/economists-have-biggest-whiff-ever-as-u-s-jobs-report-surprises?sref=mmeFTDW1\">added 2.5 mn jobs in May<\/a><\/strong> after two months of mass unemployment, bringing total unemployment to 13.3% from 14.7%. Now, there\u2019s a good chance that problems with underlying data collection is partially at play here, but <a href=\"https:\/\/www.cbc.ca\/news\/business\/canada-jobs-may-1.5599719\">Canada also saw a substantial number of jobs created<\/a> last month \u2014 to the tune of 289k positions vs. the loss of 500k jobs that many economists had projected. That\u2019s leading pundits to proclaim that <a href=\"https:\/\/www.theglobeandmail.com\/business\/economy\/article-canadian-economy-adds-surprise-290000-jobs-in-may\/\">the covid-recovery has begun<\/a>.<\/p><p><strong>Why are job reports in the US and Canada important to Egypt? <\/strong>Beyond being positive indicators for the global economy, it\u2019s where the jobs are coming from: \u201cJob growth was concentrated in industries hit hardest early in the crisis, like <strong>leisure, hospitality and retail work<\/strong>. But manufacturing, health care and professional services added jobs as well, possibly signaling that the damage did not spread as deeply into the economy as many feared,\u201d the <a href=\"https:\/\/www.nytimes.com\/2020\/06\/05\/business\/economy\/jobs-report.html?referringSource=articleShare\">New York Times<\/a>\u2019 Ben Casselman writes.<\/p><p><strong>This is a shot in the arm for those among you who are optimistic about prospects for<\/strong> <strong>business in Egypt<\/strong> despite all the short-term pain caused by the lockdowns, as we reported in our <strong><a href=\"https:\/\/enterprise.press\/2020\/06\/04\/enterprise-covid-19-reader-poll-results\/\">Enterprise Reader Poll on Thursday<\/a><\/strong>.<\/p><p><strong>Oh, and one more thing: Don\u2019t bet against the resilience of the consumer. <\/strong>Not in the US, and not in Egypt. Witness this graphic (below) from Bloomberg\u2019s Joe Weisenthal, who notes that there is \u201calmost no difference in spending activity between lockdown states and non-lockdown ones\u201d \u2014 part of what\u2019s getting economies through is that consumers keep on spending, even when they\u2019re locked down.<\/p><p><strong>And consumers can expect lots of sales ahead <\/strong>with retailers globally sitting on piles and piles of unsold inventory, the <a href=\"https:\/\/www.ft.com\/content\/c453b950-5dbf-4fe3-bb74-a9e51adf24dd\">Financial Times<\/a> adds, asking whether <strong>the end of lockdown will see the sale of the century.<\/strong><\/p><p class=\"web-image\"><a href=\"https:\/\/twitter.com\/TheStalwart\/status\/1268967503314792450?s=20\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/consumercardspending-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p><p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>It\u2019s a big day for: The House of Representatives, which is back in session this morning<\/strong> <strong>with a very busy agenda<\/strong> that ranges from passage of the 2020-2021 state budget, the reconstitution of the upper house of parliament and a pile of other business-relevant bills. MPs are now in the home stretch preparing for summer vacation.<\/p><p><strong>MPs will be wearing face masks in all sessions<\/strong> with <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/20a315b1-16e6-48d8-8ebc-987f478e122c\">six MPs<\/a> having reported being infected with the virus that causes covid-19, <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1985172\">Al Masry Al Youm<\/a> reports. Rep. Hussein Ashmawi is the most recent. He\u2019s being treated at a hospital in Giza, according to <a href=\"https:\/\/bit.ly\/3dFvBBF\">Youm7<\/a>.<\/p><p><strong>The creation of a new Senate is the big draw today <\/strong>with a draft bill on the subject due to be presented this morning, <a href=\"https:\/\/bit.ly\/2Y9Vcwc\">according to Masrawy<\/a>. The bill, which parliamentary majority bloc the Support Egypt Coalition has drafted, would \u2014 if passed \u2014 set up a 300-member Senate, one-third of whom would be appointed by the president. The bill would also see the election of the remaining two thirds split equally between a list system and an individual basis. MP and former journalist Moustafa Bakry <a href=\"https:\/\/twitter.com\/BakryMP\/status\/1268579518362587137\">wrote on social media<\/a> on Friday that \u201cmost\u201d lawmakers prefer a 50\/50 split between individual and closed lists.<\/p><p><strong>Background: <\/strong><strong><a href=\"https:\/\/enterprise.press\/stories\/2019\/08\/08\/parliamentary-elections-to-be-held-at-the-end-of-2020\/\">Parliamentary elections<\/a><\/strong><strong> are scheduled for the end of this year. <\/strong><a href=\"https:\/\/enterprise.press\/stories\/2019\/04\/17\/mps-vote-overwhelmingly-in-favor-of-constitutional-amendments\/\">Constitutional<\/a><a href=\"https:\/\/enterprise.press\/stories\/2019\/04\/17\/mps-vote-overwhelmingly-in-favor-of-constitutional-amendments\/\"><\/a><a href=\"https:\/\/enterprise.press\/stories\/2019\/04\/17\/mps-vote-overwhelmingly-in-favor-of-constitutional-amendments\/\">amendments<\/a> approved last year will bring back the upper house of parliament, with the Senate set to replace what was previously known as the Shura Council, which was abolished in the 2014 constitution.<\/p><p><strong>Also on lawmakers\u2019 agenda before they can go on summer break:<\/strong> Today should see MPs discussing the bills <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/371605\/Egypt\/Politics-\/Egypts-parliament-to-discuss-laws-regulating-publi.aspx\">regulating the Sovereign Fund of Egypt and state-owned businesses<\/a>. The <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d8ff7c31-d68b-4d6c-8c97-b7a2992128a2\">final Banking Act<\/a> needs to be passed. MPs will vote on the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/628a9e60-3aad-4b58-9f57-ad0747b79588\">Central Depository Act<\/a> and amendments to the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e9556cb3-c981-49ca-83fd-b9093b123645\">Railway Act<\/a> as well as discuss the bills regulating parking lots and amendments to both the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/01f8af18-ba6f-485d-a1ce-f608f149eb59\">Infectious Diseases Act<\/a> and the Police Authority Act.<\/p><p><strong>Key news triggers<\/strong> coming up:<\/p><ul>\n<li><strong>Foreign reserves<\/strong> figures for May should be out <strong>early this week<\/strong>.<\/li>\n<li><strong>Inflation data<\/strong> for May will land on <strong>Wednesday, 10 June<\/strong>.<\/li>\n<li><strong>The Central Bank of Egypt will meet to review interest rates<\/strong> on Thursday, 25 June.<\/li>\n<li><strong>Founding members of the EastMed Gas Forum will meet this month<\/strong> to ink the Cairo-based energy organization\u2019s charter.<\/li>\n<\/ul><hr class=\"grey-line\"><p><strong>COVID-19 IN EGYPT-<\/strong><\/p><p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>The Health Ministry <\/strong><strong><a href=\"https:\/\/bit.ly\/2A7f76M\">confirmed<\/a><\/strong><strong> 32 new deaths from covid-19 yesterday<\/strong>, bringing the country\u2019s total death toll to 1,198. Egypt has now disclosed a total of 32,612 confirmed cases of covid-19, after the ministry <strong>reported 1,497 new infections yesterday<\/strong>, shy of the record 1,536 cases reported on 31 May. We now have a total of 9,603 confirmed cases that have since tested negative for the virus after being hospitalized or isolated, of whom 8,538 have fully recovered.<\/p><p><strong>The Health Ministry has reduced the need for ventilators and increased recovery <\/strong><strong>rates by using <\/strong><strong><a href=\"https:\/\/www.mayoclinic.org\/tests-procedures\/convalescent-plasma-therapy\/about\/pac-20486440\">convalescent plasma therapy<\/a><\/strong>, Minister <a href=\"https:\/\/bit.ly\/378Y00p\">Hala Zayed said<\/a>. The ministry is calling for recovered patients to donate plasma to assist its efforts.<\/p><p><strong>Restaurants and cafes will likely open their doors this month <\/strong>if they comply with new preventative measures to curb the spread of covid-19. The Chamber of Tourism Establishments circulated <a href=\"https:\/\/bit.ly\/2XCQt71\">a checklist<\/a> outlining those measures to its members, but the official announcement of the regs and the timetable to reopen will be revealed by the government soon, the Tourism Ministry said in a <a href=\"https:\/\/bit.ly\/30gbDts\">statement<\/a>. The measures include rearranging seating to be at least two meters apart and in four-person tables, ensuring distancing in places where lineups or crowding are likely, and the usual practices of deep cleaning, and screening and sanitizing customers at the doors. An existing ban on shisha will remain in place.<\/p><p><strong>Measures will also be mandated at tourist sites and landmarks, <\/strong>including limiting the number of people indoors, the ministry said. Egypt is expected to soon reopen six museums and landmarks, including the Baron Palace, after an almost three-month hiatus, as it moves toward a phased reopening of national attractions, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/568744bb-b477-458e-b51c-2a6026dec8dc\">we noted last week<\/a><strong>. <\/strong><\/p><p><strong>The news comes as <\/strong><strong>Egypt <\/strong><strong><a href=\"https:\/\/bit.ly\/3f7OoWT\">continues reaching out<\/a><\/strong><strong> to traditional tourism partners <\/strong>to discuss restarting flights and tourism flows as lockdown measures ease. The Tourism Ministry is also planning to <strong>kick off promotional campaigns targeting travelers in<\/strong><strong> western and central Europe<\/strong> in mid-June, the <a href=\"https:\/\/alborsaanews.com\/2020\/06\/06\/1354152\">local press<\/a> reports, citing unnamed industry sources.<\/p><p><strong>Egyptian economy \u201csolid\u201d -El Said:<\/strong> Egypt\u2019s economic reform program has helped the economy to remain on a \u201csolid\u201d footing through the pandemic, Planning Minister Hala El Said <a href=\"https:\/\/ent.news\/2020\/6\/Planning-Minister-Egypts-Economy-2.pdf\">said on Thursday (pdf)<\/a>. Despite the tourism, industrial and retail sectors suffering as a result of the government\u2019s preventative measures, the Planning Ministry still expects the economy to grow at a 4% clip during the current fiscal year, down from the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fb412f40-f705-4822-b59b-35078a0c8985\">pre-corona forecast of 5.8%<\/a>. The<a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a2ecf97e-8c74-428f-843c-0559f5b1540f\">IMF predicted in April<\/a> that Egypt would be the only country in the region to avoid a recession this year.<\/p><p><strong>The Madbouly government is studying <\/strong><strong><a href=\"https:\/\/bit.ly\/378CIQT\">ways to assist Egyptians<\/a><\/strong><strong> who have returned home<\/strong> from jobs abroad, including help with job placements and starting new businesses.<\/p><p><strong>The African Development Bank (AfDB) could provide more funding to back Egypt\u2019s battle <\/strong><strong>against the pandemic<\/strong>, Country Manager Malinne Blomberg said, reports <a href=\"https:\/\/bit.ly\/30fNMu4\">Al Mal<\/a>. The lender last month <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5337c61c-cc19-4ede-a95d-02700eccae6d\">approved a USD 500k emergency assistance grant<\/a> to provide food relief and other forms of support to vulnerable communities.<\/p><p><strong>CIB is <\/strong><strong><a href=\"https:\/\/bit.ly\/3dFjPr6\">waiving transfer fees<\/a><\/strong><strong> on internet banking and hiking caps on transactions <\/strong>to encourage more customers to bank online. The move is designed to help curb footfall in branches amid the pandemic.<\/p><p><strong>Public sector employees will receive their salaries starting 15 June over four <\/strong><strong>days <\/strong>to avoid congestions at ATMs nationwide, the Finance Ministry <a href=\"https:\/\/bit.ly\/3dGo1Xs\">said<\/a> on Friday.<\/p><p><strong>DONATIONS-<\/strong><\/p><p><strong>The National Bank of Egypt (NBE) is donating EGP 20 mn to Kasr El Ainy Hospital<\/strong> to support medical treatment for covid-19 patients, according to <a href=\"https:\/\/bit.ly\/3eUYlXp\">Masrawy<\/a>.<\/p><p class=\"web-image stand-out-borderless\"><a href=\"https:\/\/somabay.com\/\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/5\/a_new_perspective_web-scaled.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p><p><strong>AND THE REST OF THE WORLD- <\/strong><\/p><p><strong>Black Lives Matter protests are now a global phenomenon<\/strong>, according to the western press as people march in London, Paris, Toronto, Malbourne and beyond. Meanwhile, thousands across the United States continue to hit the streets in protest of racial inequality and police violence. The story leads the front pages of newspapers globally: <a href=\"https:\/\/www.ft.com\/content\/2b0f40c0-8e07-4eb4-b2d6-0ed0e3599243\">Financial Times<\/a> | <a href=\"https:\/\/www.wsj.com\/livecoverage\/protests-george-floyd-death-2020-06-06\">WSJ<\/a> | <a href=\"https:\/\/www.nytimes.com\/2020\/06\/06\/us\/protests-today-police-george-floyd.html\">New York Times<\/a> | <a href=\"https:\/\/www.cnbc.com\/2020\/06\/06\/massive-protests-across-the-us-and-the-world-continue-over-police-killing-of-george-floyd.html\">CNBC<\/a> | <a href=\"https:\/\/www.businessinsider.com\/george-floyd-protest-washington-dc-photos-2020-6\">Business Insider<\/a>.<\/p><p><strong>US stocks continue to rally despite the widening of civil unrest. <\/strong>That\u2019s not surprising, the <a href=\"https:\/\/www.wsj.com\/articles\/stocks-are-rallying-despite-nationwide-protests-thats-typical-11591349405\">Wall Street Journal<\/a> and <a href=\"https:\/\/fortune.com\/2020\/06\/01\/stock-market-protests-civil-unrest-reaction-markets-economy-stocks\/\">Fortune magazine<\/a> suggest.<\/p><p><strong>That floor under oil prices is looking increasingly solid: \u201c<\/strong>OPEC and its allies finalized on Saturday an extension of their record oil-production curbs through July,\u201d the <a href=\"https:\/\/www.wsj.com\/articles\/opec-finalizes-deal-to-extend-oil-output-cuts-11591456992?mod=hp_lead_pos5\">Wall Street Journal<\/a> reports this morning.<\/p><p><strong>Qatar wants to end its riff with the rest of the Arab world.<\/strong> Qatar is \u201copen to dialogue\u201d on ending its longstanding isolation from Egypt and key Gulf countries, Qatar\u2019s Foreign Minister Sheikh Mohammed bin Abdulrahman Al-Thani told state mouthpiece Al Jazeera (<a href=\"https:\/\/twitter.com\/AJArabic\/status\/1268972056516759552\">watch, runtime: 24:58<\/a>). Egypt, Saudi Arabia, the UAE, and Bahrain \u2014 which together unilaterally cut diplomatic ties with Qatar <a href=\"https:\/\/enterprise.press\/stories\/2017\/06\/06\/the-aftermath-of-cutting-ties-with-qatar\/\">in 2017<\/a> \u2014 had <a href=\"https:\/\/enterprise.press\/stories\/2017\/07\/05\/what-were-tracking-on-5-july-2017-2\/\">previously presented<\/a> a list of demands to end their embargo on Doha, which they imposed as Qatar continued to back Islamists across the region. <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-06-06\/qatari-officials-say-ready-to-resolve-gulf-crisis-with-dialogue?sref=mmeFTDW1\">Kuwait is pushing the thaw<\/a> and <a href=\"https:\/\/www.wsj.com\/articles\/trump-makes-fresh-attempt-to-resolve-saudi-qatar-feud-11591201000?mod=searchresults&amp;page=1&amp;pos=5\">the United States is angling<\/a> for Saudi and the UAE to start by re-opening their airspace to Qatari aircraft.<\/p><p><strong>Your regularly scheduled reminder that US elections are still happening this fall:<\/strong> Presidential hopeful Joe Biden \u2014 and the sole Democratic contender \u2014 formally earned the Democratic Party nomination on Friday after securing the required number of delegates, <a href=\"https:\/\/www.reuters.com\/article\/us-usa-election\/biden-wins-enough-delegates-to-clinch-u-s-democratic-nomination-idUSKBN23D05X\">Reuters<\/a> reports. Biden has yet to tap a running mate, but has vowed to select a woman, and is coming under pressure to choose a black candidate amid ongoing protests in the US over the on-camera murder of an unarmed black man.<\/p><p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/Souad-Ayten-Amin-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/p><p><strong>Egyptian film selected for the (canceled) 2020 Cannes Film Festival:<\/strong> Egyptian director Ayten Amin's new feature film ''Souad' was selected as one of 56 films of the <a href=\"https:\/\/www.festival-cannes.com\/fr\/infos-communiques\/communique\/articles\/les-films-de-la-selection-officielle-2020\">Cannes Film Festival's Official Selection<\/a> for 2020 edition. This year\u2019s film festival has been cancelled due to covid-19, but the chosen films will receive an honorable mention award and may be screened in next year's festival.<\/p><p class=\"web-image\"><a href=\"enterprise.press\/podcast\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/5\/Algebra-Ventures-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p><p><strong>What does a VC look for in a startup \u2014 and what makes them walk away from investing?<\/strong> Tarek Assaad and Karim Hussein, two of Cairo-based Algebra Ventures\u2019 three managing partners, give us the lay of the land on how VC is done in this corner of the world in our latest episode of Making It.<\/p><p><strong>Founded in 2015, Algebra is a USD 54 mn venture capital fund <\/strong>that focuses on early stage tech startups. The VC fund\u2019s portfolio covers fintech, e-commerce, transport, and online food ordering, among other industries. Assaad and Hussein relay their experience being one in a handful of pioneers paving the way for bigger investment tickets in the region.<\/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\/investing-in-digital-disruption-how-algebra-ventures\/id1487974619?i=1000476653535\">Apple Podcast<\/a> | <a href=\"https:\/\/podcasts.google.com\/feed\/aHR0cHM6Ly93d3cub21ueWNvbnRlbnQuY29tL2QvcGxheWxpc3QvNWE1NmQ3YzMtZjI4MS00NTU3LThlMzEtYWFjODAxN2NjZjA2L2U3ZjE1ZWYwLWMwOWYtNDFiNi1iZDM4LWFiMDUwMGMwNDVlZi82OTc0ODFkMi04OGRmLTRlYjMtYmY3Mi1hYjA1MDBjMjllOWYvcG9kY2FzdC5yc3M\/episode\/YzVlNjNjYzUtZTI5NC00OTY0LTljOTItYWJjZjAwZWJkZDUx?ved=0CA0Q38oDahcKEwiQ8sXq8OXpAhUAAAAAHQAAAAAQAQ\">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\/al-azhar\/\">Al Azhar<\/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\/house-of-representatives\/\">House of Representatives<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/politics\/\">politics<\/a>\n           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role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"571947\" 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=\"571947\">\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\/06\/07\/egypt-sponsored-libyan-ceasefire-agreement-leads-the-airwaves\/\">\r\n                            Egypt-sponsored Libyan ceasefire agreement leads the airwaves                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/07\/egypt-sponsored-libyan-ceasefire-agreement-leads-the-airwaves\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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tag-libya wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The Egypt-sponsored Libyan ceasefire agreement President Abdel Fattah El Sisi unveiled<\/strong><strong> yesterday was the biggest talking point<\/strong> on the airwaves, with El Hekaya\u2019s Amr Adib (<a href=\"https:\/\/www.youtube.com\/watch?v=z3ElI2rUwD8\">watch, runtime: 2:41<\/a> and <a href=\"https:\/\/www.youtube.com\/watch?v=XPw5Or3zu8w\">runtime: 2:37<\/a>) and Masaa DMC\u2019s Eman El Hosary (<a href=\"https:\/\/www.youtube.com\/watch?v=L7PaoB8JbKE\">watch, runtime: 16:31<\/a>) among those taking note. We have chapter and verse on the agreement in this morning\u2019s Speed Round, below.<\/p>\n<p><strong>The new agreement is a marked improvement from previous attempts at reaching a peaceful settlement to the conflict<\/strong>, largely because it lays out a political roadmap that includes presidential elections and an equitable power-sharing structure between the country\u2019s provinces, advisor to Libya\u2019s parliamentary speaker Abdel Hamid Safi told Al Kahera Alaan\u2019s Lamees El Hadidi. However, Safi said he expects UN-recognized Prime Minister Fayez Al Serraj to reject the initiative, which makes international mediation that much more important to reach a resolution (<a href=\"https:\/\/www.youtube.com\/watch?v=A49XXeCK7r8\">watch, runtime: 8:19<\/a>).<\/p>\n<p><strong>Back at home: Private healthcare providers have not stopped providing covid-19 treatment to patients<\/strong>, despite their <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b7a9880d-7b0c-47c4-a7a8-6fb66c954e1a\">reported objections<\/a> to the Health Ministry\u2019s mandatory pricing scheme, according to the Federation of Egyptian Industries\u2019 private sector healthcare division spokesman Ahmed Nazih. Private hospitals are still admitting patients as they come in and are looking to get ministry approval to conduct PCR testing through private laboratories, rather than continuing to rely on state-owned labs, Nazih told Adib (<a href=\"https:\/\/www.youtube.com\/watch?v=8dG5Iv2Hs9Y\">watch, runtime: 7:12<\/a>). Nazih also had a similar conversation with Masaa DMC\u2019s El Hosary (<a href=\"https:\/\/www.youtube.com\/watch?v=ghp53FyM9oE\">watch, runtime: 6:16<\/a>).<\/p>\n<p><strong>The CIT Ministry will begin working on the second phase of its overhaul of Egypt\u2019s telecoms infrastructure in 2H2020<\/strong> to improve internet connectivity, Minister Amr Talaat told Al Tase\u2019a Masa\u2019an\u2019s Wael Ebrashy. The ministry is also working on digitizing 80 government services, Talaat said (<a href=\"https:\/\/www.youtube.com\/watch?v=ackeHExf-IY\">watch, runtime: 12:24<\/a>).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/amr-talaat\/\">Amr Talaat<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cit-ministry\/\">CIT ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/healthcare\/\">healthcare<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure-watch\/\">infrastructure watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/khalifa-haftar\/\">Khalifa Haftar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/libya\/\">Libya<\/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=\"571948\" 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=\"571948\">\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\/06\/07\/imf-gives-initial-nod-to-usd-5-2-bn-in-fresh-funding-to-egypt\/\">\r\n                            IMF gives initial nod to USD 5.2 bn in fresh funding to Egypt                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/07\/imf-gives-initial-nod-to-usd-5-2-bn-in-fresh-funding-to-egypt\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The funding will support healthcare and social programs, protect and advance structural reforms, and boost private sector growth and job creation, said Uma Ramakrishnan, who led the talks with Egypt.<\/p>\n<p><strong>Stand-by loan to boost investor confidence: <\/strong>\u201cThe agreement is important to continue to support the confidence of the markets and investors in the ability of the Egyptian economy to handle the effects of the coronavirus crisis,\u201d the Finance Ministry said in a <a href=\"https:\/\/bit.ly\/3h0tWc5\">statement<\/a> on Friday. Ramakrishnan said that the arrangement would \u201ccatalyze additional bilateral and multilateral financial support.\u201d Egypt is reportedly seeking <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c87e789b-9e47-4a01-a87a-7a463ad2a42e\">another USD 4 bn<\/a> in financing on top of the SBA to see it through the crisis.<\/p>\n<p><strong>What\u2019s next?<\/strong> The IMF\u2019s executive board will make a final decision on whether to approve the funding \u201cin the coming weeks,\u201d Ramakrishnan said. <a href=\"https:\/\/www.imf.org\/external\/NP\/SEC\/bc\/eng\/index.aspx\">You can check their meeting calendar here.<\/a><\/p>\n<p><strong>The first tranche of the loan could come this month<\/strong>, should the executive board give the green-light to disburse the funding, a Central Bank of Egypt official <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c87e789b-9e47-4a01-a87a-7a463ad2a42e\">said last month<\/a>.<\/p>\n<p><strong>Background:<\/strong> Egypt <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/11bab53b-215b-4264-9f9f-0134b47a0e99\">received last month<\/a> a USD 2.8 bn rapid financing instrument from the IMF following <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c87e789b-9e47-4a01-a87a-7a463ad2a42e\">talks in April<\/a>. Egypt is seeking an additional USD4 b from undisclosed international lenders. <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a1ba319e-b15d-4093-92f6-706ce3407cc3\">Fitch Ratings<\/a> said last month that fresh funds from the IMF will boost investor confidence in Egypt as portfolio outflows from emerging markets reverse. The funds may also <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a8bdd995-353d-421e-9c49-d78d0fc949be\">help Egypt cut back<\/a> on local borrowing to reduce the cost of servicing its debt, according to the Finance Ministry.<\/p>\n<p><strong>The story received wide coverage by the foreign press:<\/strong> <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-06-05\/egypt-and-imf-agree-on-a-5-2-billion-stand-by-arrangement\">Bloomberg<\/a> | <a href=\"https:\/\/apnews.com\/cb245fed178bf4a92d34d55a1b49a319\">Associated Press<\/a> | <a href=\"https:\/\/www.nasdaq.com\/articles\/imf-announces-preliminary-deal-on-%245.2-bln-standby-loan-for-egypt-2020-06-05\">Reuters<\/a> | <a href=\"https:\/\/news.yahoo.com\/egypt-agrees-5-2-bn-aid-package-imf-203136379.html\">AFP<\/a> | <a href=\"https:\/\/www.theguardian.com\/world\/live\/2020\/jun\/05\/coronavirus-live-news-south-africa-sees-record-jump-in-cases-as-new-york-protestors-urged-to-get-tested\">the Guardian<\/a> | <a href=\"https:\/\/www.theguardian.com\/world\/live\/2020\/jun\/05\/coronavirus-live-news-south-africa-sees-record-jump-in-cases-as-new-york-protestors-urged-to-get-tested\">the National<\/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\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/finance-ministry\/\">Finance Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fitch-ratings\/\">Fitch Ratings<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/imf\/\">IMF<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/rfi\/\">RFI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sba\/\">SBA<\/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\/stand-by-arrangement\/\">stand-by arrangement<\/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=\"571962\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"571963\" 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=\"571963\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/07\/egypt-in-the-news-on-7-june-2020\/\">\r\n                            Egypt in the News on 7 June 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\/06\/07\/egypt-in-the-news-on-7-june-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\/06\/07\/egypt-in-the-news-on-7-june-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\/06\/07\/egypt-in-the-news-on-7-june-2020\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt in the News on 7 June 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/06\/07\/egypt-in-the-news-on-7-june-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\/06\/07\/egypt-in-the-news-on-7-june-2020\/&title=Egypt in the News on 7 June 2020\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+in+the+News+on+7+June+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F06%2F07%2Fegypt-in-the-news-on-7-june-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\/06\/07\/egypt-in-the-news-on-7-june-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571963\" class=\"content-area-description single-story post-571963 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-covid-19 tag-culture tag-egypt-in-the-news tag-enterpriseam tag-fgm tag-history tag-human-rights tag-music tag-north-sinai tag-pandemic tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>It\u2019s a reasonably busy morning for Egypt in the international press. <\/strong>The news cycle is led by President Abdel Fattah El Sisi\u2019s brokering of a ceasefire between warring factions in Libya that sets up peace talks (see Speed Round, above). The news edged out coverage of Egypt\u2019s new USD 5.2 bn standby funding agreement with the IMF, which had been dominating the conversation on Egypt (also in Speed Round).<\/p>\n<p><strong>Also getting lots of ink: <\/strong>A father will be prosecuted on charges of forcing his three young daughters to undergo FGM, the public prosecutor\u2019s office <a href=\"https:\/\/bit.ly\/2XEY1GE\">said in a statement<\/a> last week. The doctor involved will also go on trial. (<a href=\"https:\/\/www.reuters.com\/article\/us-egypt-women-fgm-trfn\/egypt-to-prosecute-doctor-father-over-genital-cutting-of-three-girls-idUSKBN23B2K7\">Reuters<\/a> | <a href=\"https:\/\/www.bbc.com\/news\/world-middle-east-52922079\">BBC<\/a> | <a href=\"https:\/\/www.theguardian.com\/global-development\/2020\/jun\/05\/egyptian-father-to-stand-trial-on-charges-of-forced-fgm-of-three-daughters\">Guardian<\/a> | <a href=\"http:\/\/north-africa.com\/2020\/06\/egypt-despite-ban-female-genital-mutilation-is-still-widely-practiced-in-egypt\/\">AFP<\/a> | <a href=\"https:\/\/www.dailymail.co.uk\/news\/article-8389183\/Egyptian-doctor-performs-FGM-sisters-father-said-getting-Covid-19-vaccines.html\">Daily Mail<\/a> | <a href=\"https:\/\/gulfnews.com\/world\/mena\/egyptian-father-on-trial-for-tricking-his-daughters-into-banned-female-genital-mutilation-surgery-1.1591277006684\">Gulf News<\/a>).<\/p>\n<p><strong>Covid-19 is escalating in Egypt and other populous, low-income countries: <\/strong>Egypt and other densely populated low- and middle-income countries throughout the world are becoming the new epicenters of the covid-19 pandemic, Declan Walsh writes in the <a href=\"https:\/\/www.nytimes.com\/2020\/06\/04\/world\/middleeast\/coronavirus-egypt-america-africa-asia.html\">New York Times<\/a>. Walsh notes there are concerns that Egypt may be following the US\u2019 path, with people relaxing their behavior in the mistaken belief that fears about the virus are exaggerated. Meanwhile, <strong><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-06-05\/post-lockdown-mideast-shows-signs-of-more-virus-trouble-ahead?sref=mmeFTDW1\">Bloomberg<\/a><\/strong><strong> looks at the acceleration of new cases in MENA post-lockdown<\/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\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/culture\/\">culture<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-in-the-news\/\">Egypt in the News<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fgm\/\">FGM<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/history\/\">History<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/human-rights\/\">human rights<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/music\/\">music<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/north-sinai\/\">North Sinai<\/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\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"571964\" 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=\"571964\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/07\/egypt-is-pushing-ahead-with-its-mandatory-vaccine-program-despite-covid-19-el-sisi-says\/\">\r\n                            Egypt is pushing ahead with its mandatory vaccine program despite covid-19, El Sisi says                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/07\/egypt-is-pushing-ahead-with-its-mandatory-vaccine-program-despite-covid-19-el-sisi-says\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2020\/06\/07\/egypt-is-pushing-ahead-with-its-mandatory-vaccine-program-despite-covid-19-el-sisi-says\/')\">\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\/06\/07\/egypt-is-pushing-ahead-with-its-mandatory-vaccine-program-despite-covid-19-el-sisi-says\/\">\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 is pushing ahead with its mandatory vaccine program despite covid-19, El Sisi says&url=https:\/\/enterpriseam.com\/egypt\/2020\/06\/07\/egypt-is-pushing-ahead-with-its-mandatory-vaccine-program-despite-covid-19-el-sisi-says\/\">\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\/06\/07\/egypt-is-pushing-ahead-with-its-mandatory-vaccine-program-despite-covid-19-el-sisi-says\/&title=Egypt is pushing ahead with its mandatory vaccine program despite covid-19, El Sisi says\">\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+is+pushing+ahead+with+its+mandatory+vaccine+program+despite+covid-19%2C+El+Sisi+says+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F06%2F07%2Fegypt-is-pushing-ahead-with-its-mandatory-vaccine-program-despite-covid-19-el-sisi-says%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\/06\/07\/egypt-is-pushing-ahead-with-its-mandatory-vaccine-program-despite-covid-19-el-sisi-says\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571964\" class=\"content-area-description single-story post-571964 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-abdel-fattah-el-sisi tag-diplomacy-foreign-trade tag-enterpriseam tag-vaccines wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Egypt is pushing ahead with its mandatory vaccine program to curb the spread of<\/strong><strong> preventable diseases, even with the ongoing pandemic<\/strong>, President Abdel Fattah El Sisi said in an address to a UK-hosted vaccine summit on Thursday, a cabinet <a href=\"https:\/\/bit.ly\/3cErDYH\">statement<\/a> said. The event helped raise funding to immunize 800 mn children worldwide against a handful of diseases over the next five years.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy-foreign-trade\/\">Diplomacy + Foreign Trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/vaccines\/\">vaccines<\/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=\"571967\" 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=\"571967\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/07\/new-oil-well-discovered-in-egypts-western-desert\/\">\r\n                            New oil well discovered in Egypt\u2019s Western Desert                        <\/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\/06\/07\/new-oil-well-discovered-in-egypts-western-desert\/\" 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\/06\/07\/new-oil-well-discovered-in-egypts-western-desert\/')\">\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\/06\/07\/new-oil-well-discovered-in-egypts-western-desert\/\">\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=New oil well discovered in Egypt\u2019s Western Desert&url=https:\/\/enterpriseam.com\/egypt\/2020\/06\/07\/new-oil-well-discovered-in-egypts-western-desert\/\">\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\/06\/07\/new-oil-well-discovered-in-egypts-western-desert\/&title=New oil well discovered in Egypt\u2019s Western Desert\">\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=New+oil+well+discovered+in+Egypt%E2%80%99s+Western+Desert+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F06%2F07%2Fnew-oil-well-discovered-in-egypts-western-desert%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\/06\/07\/new-oil-well-discovered-in-egypts-western-desert\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571967\" class=\"content-area-description single-story post-571967 post type-post status-publish format-standard hentry category-energy tag-energy tag-enterpriseam tag-oil-and-gas wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Borg El-Arab Petroleum and Mineral Company \u2014 a JV between the EGPC and <a href=\"http:\/\/www.kuwaitenergy.co\/\">Kuwait Energy<\/a> \u2014 has discovered a new oil well in the Western Desert\u2019s Abu Sennan concession, the <a href=\"https:\/\/bit.ly\/3eUBkDZ\">cabinet<\/a> said yesterday. The Salmeya-5 well is estimated to hold 4k bbl\/d of crude oil and 18 mn cf\/d of gas. The JV made its most recent discovery in Abu Sennan last December, <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/22\/new-oil-well-discovered-in-egypts-western-desert-8846\/\">the ASH-2 well<\/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\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/oil-and-gas\/\">oil and gas<\/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=\"571969\" 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=\"571969\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">Manufacturing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/07\/katilo-invests-egp-90-mn-new-damietta-city-factory\/\">\r\n                            Katilo invests EGP 90 mn New Damietta City factory                        <\/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\/06\/07\/katilo-invests-egp-90-mn-new-damietta-city-factory\/\" 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\/06\/07\/katilo-invests-egp-90-mn-new-damietta-city-factory\/')\">\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\/06\/07\/katilo-invests-egp-90-mn-new-damietta-city-factory\/\">\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=Katilo invests EGP 90 mn New Damietta City factory&url=https:\/\/enterpriseam.com\/egypt\/2020\/06\/07\/katilo-invests-egp-90-mn-new-damietta-city-factory\/\">\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\/06\/07\/katilo-invests-egp-90-mn-new-damietta-city-factory\/&title=Katilo invests EGP 90 mn New Damietta City factory\">\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=Katilo+invests+EGP+90+mn+New+Damietta+City+factory+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F06%2F07%2Fkatilo-invests-egp-90-mn-new-damietta-city-factory%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\/06\/07\/katilo-invests-egp-90-mn-new-damietta-city-factory\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571969\" class=\"content-area-description single-story post-571969 post type-post status-publish format-standard hentry category-manufacturing tag-dairy tag-enterpriseam tag-manufacturing wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Dairy products manufacturer <a href=\"https:\/\/bit.ly\/2Mz8Zqu\">Katilo<\/a> will begin operations at its new EGP 90 mn factory in New Damietta City next month, according to <a href=\"https:\/\/alborsaanews.com\/2020\/06\/02\/1352776\">the local press<\/a>. The factory, which the company planned to bring online in March before the covid-19 pandemic, includes four new production lines that will help the company increase production and exports.<\/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\/dairy\/\">dairy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"571970\" 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=\"571970\">\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\">Infrastructure<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/07\/construction-begins-on-new-administrative-capitals-egp-2-bn-knowledge-city\/\">\r\n                            Construction begins on new administrative capital\u2019s EGP 2 bn Knowledge City                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/07\/construction-begins-on-new-administrative-capitals-egp-2-bn-knowledge-city\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2020\/06\/07\/construction-begins-on-new-administrative-capitals-egp-2-bn-knowledge-city\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2020\/06\/07\/construction-begins-on-new-administrative-capitals-egp-2-bn-knowledge-city\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Construction begins on new administrative capital\u2019s EGP 2 bn Knowledge City&url=https:\/\/enterpriseam.com\/egypt\/2020\/06\/07\/construction-begins-on-new-administrative-capitals-egp-2-bn-knowledge-city\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2020\/06\/07\/construction-begins-on-new-administrative-capitals-egp-2-bn-knowledge-city\/&title=Construction begins on new administrative capital\u2019s EGP 2 bn Knowledge City\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Construction+begins+on+new+administrative+capital%E2%80%99s+EGP+2+bn+Knowledge+City+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F06%2F07%2Fconstruction-begins-on-new-administrative-capitals-egp-2-bn-knowledge-city%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/07\/construction-begins-on-new-administrative-capitals-egp-2-bn-knowledge-city\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571970\" class=\"content-area-description single-story post-571970 post type-post status-publish format-standard hentry category-infrastructure tag-amr-talaat tag-armed-forces tag-cit-ministry tag-construction tag-enterpriseam tag-ict tag-infrastructure tag-new-administrative-capital wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The CIT Ministry has begun working on the first phase of the new administrative capital\u2019s EGP 2 bn Knowledge City, Minister Amr Talaat said, according to <a href=\"https:\/\/www.almasdar.com\/99754\">Al Masdar<\/a>. The city will include an applied research center for technology, a technical training facility and the National Academy of Information Technology for individuals with special needs.<\/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\/amr-talaat\/\">Amr Talaat<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/armed-forces\/\">Armed Forces<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cit-ministry\/\">CIT ministry<\/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\/ict\/\">ICT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/new-administrative-capital\/\">new administrative capital<\/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=\"571971\" 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=\"571971\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">Banking + Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/07\/elsewedy-electric-eyes-egp-800-mn-1-bn-loan-for-6-october-dry-port\/\">\r\n                            Elsewedy Electric eyes EGP 800 mn-1 bn loan for 6 October Dry port                        <\/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\/06\/07\/elsewedy-electric-eyes-egp-800-mn-1-bn-loan-for-6-october-dry-port\/\" 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\/06\/07\/elsewedy-electric-eyes-egp-800-mn-1-bn-loan-for-6-october-dry-port\/')\">\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\/06\/07\/elsewedy-electric-eyes-egp-800-mn-1-bn-loan-for-6-october-dry-port\/\">\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 eyes EGP 800 mn-1 bn loan for 6 October Dry port&url=https:\/\/enterpriseam.com\/egypt\/2020\/06\/07\/elsewedy-electric-eyes-egp-800-mn-1-bn-loan-for-6-october-dry-port\/\">\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\/06\/07\/elsewedy-electric-eyes-egp-800-mn-1-bn-loan-for-6-october-dry-port\/&title=Elsewedy Electric eyes EGP 800 mn-1 bn loan for 6 October Dry port\">\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+eyes+EGP+800+mn-1+bn+loan+for+6+October+Dry+port+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F06%2F07%2Felsewedy-electric-eyes-egp-800-mn-1-bn-loan-for-6-october-dry-port%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\/06\/07\/elsewedy-electric-eyes-egp-800-mn-1-bn-loan-for-6-october-dry-port\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571971\" class=\"content-area-description single-story post-571971 post type-post status-publish format-standard hentry category-banking-finance tag-banking tag-banking-finance tag-debt tag-elsewedy-electric tag-enterpriseam tag-infrastructure-watch tag-logistics wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Elsewedy Electric is in talks with local banks to arrange a loan between EGP 800 mn and EGP 1 bn to finance the first phase of the 6 October Dry port project, which it is constructing alongside 3A International and Schenker Egypt, according to <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=06062020&id=ec4a0066-bcf7-4084-9223-cecedbc8b7f2\">Al Shorouk<\/a>. The phase is expected to cost USD 176 mn, the newspaper says.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking-finance\/\">BANKING + FINANCE<\/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\/elsewedy-electric\/\">Elsewedy Electric<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure-watch\/\">infrastructure watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/logistics\/\">logistics<\/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=\"571973\" 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=\"571973\">\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\/06\/07\/the-market-yesterday-103\/\">\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\/06\/07\/the-market-yesterday-103\/\" 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\/06\/07\/the-market-yesterday-103\/')\">\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\/06\/07\/the-market-yesterday-103\/\">\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\/06\/07\/the-market-yesterday-103\/\">\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\/06\/07\/the-market-yesterday-103\/&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%2F06%2F07%2Fthe-market-yesterday-103%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\/06\/07\/the-market-yesterday-103\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571973\" class=\"content-area-description single-story post-571973 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 16.15 | Sell 16.25<\/p>\n<p> <strong>EGP \/ USD at CIB:<\/strong> Buy 16.15 | Sell 16.25<br \/>\n <strong>EGP \/ USD at NBE: <\/strong>Buy 16.13 | Sell 16.23<\/p>\n<p><strong>EGX30<\/strong> (Thursday): 10,621 (+1.9%)<br \/>\n <strong>Turnover:<\/strong> EGP 1.4 bn (91% above the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: -23.9%<\/p>\n<p><strong>THE MARKET ON THURSDAY:<\/strong> The EGX30 ended Thursday\u2019s session up 1.9%. CIB, the index\u2019s heaviest constituent, ended up 3.2%. EGX30\u2019s top performing constituents were Credit Agricole up 7.5%, Orascom Development up 7.0%, and CIB up 3.2%. Thursday\u2019s worst performing stocks were Juhayna down 4.0%, CIRA down 1.4% and AMOC down 0.4%. The market turnover was EGP 1.4 bn, and domestic investors were the sole net buyers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Short | EGP -104.3 mn<br \/>\n <strong>Regional<\/strong>: Net Short | EGP -70.8 mn<br \/>\n <strong>Domestic<\/strong>: Net Long | EGP +175.1 mn<\/p>\n<p><strong>Retail<\/strong>: 52.4% of total trades | 49.4% of buyers | 55.4% of sellers<br \/>\n <strong>Institutions<\/strong>: 47.6% of total trades | 50.6% of buyers | 44.6% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 39.55 (+5.72%)<br \/>\n <strong>Brent:<\/strong> USD 42.30 (+5.78%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 1.78 MMBtu, (-2.20%, July 2020 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,683.00 \/ troy ounce (-2.57%)<\/p>\n<p><strong>TASI:<\/strong> 7,207.78 (-0.20%) (YTD: -14.08%)<br \/>\n <strong>ADX:<\/strong> 4,303.14 (+0.43%) (YTD: -15.22%)<br \/>\n <strong>DFM:<\/strong> 2,039.48 (+1.99%) (YTD: -26.24%)<br \/>\n <strong>KSE Premier Market:<\/strong> 5,458.96 (+0.09%)<br \/>\n <strong>QE:<\/strong> 9,252.07 (+0.42%) (YTD: -11.26%)<br \/>\n <strong>MSM:<\/strong> 3,517.60 (-0.49%) (YTD: -11.64%)<br \/>\n <strong>BB: <\/strong>1,273.34 (-0.16%) (YTD: -20.92%)<\/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=\"571974\" 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\/06\/07\/571974\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-571974\" class=\"content-area-description single-story post-571974 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>7 June (Sunday): House of Representatives&#39; general assembly is due to reconvene for its last sitting before summer recess.<\/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>13 June (Saturday): Earliest date on which suspension of international flights to \/ from Egypt expires.<\/p>\n<p>13 June (Saturday): Earliest date by which restaurants, gyms, nightclubs, museums and archaeological sites will reopen.<\/p>\n<p>25 June (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>30 June (Tuesday): Anniversary of the June 2013 protests, national holiday.<\/p>\n<p>12 July (Sunday): North Cairo Court <a href=\"https:\/\/www.egx.com.eg\/downloads\/Bulletins\/245503_1.pdf\">will hold a court session<\/a> for the international arbitration case filed by Syrian Antrados against Porto Group for USD 176 mn after being pushed back from an initial 17 May court date.<\/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":571944,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-571943","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"4cdcf560-7d9a-4677-bc3e-9d1eee2fcbc3","teaser":"","photo_url":"https:\/\/ent.news\/2020\/6\/67.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>We\u2019re one step closer to USD 5.2 bn in extra funding from the IMF - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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