{"id":572024,"date":"2020-06-09T04:22:31","date_gmt":"2020-06-09T04:22:31","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=572024"},"modified":"2025-12-16T08:20:48","modified_gmt":"2025-12-16T08:20:48","slug":"world-bank-sees-egypt-growing-3-in-the-year-ending-30-june-one-of-only-two-mena-countries-to-post-growth","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/world-bank-sees-egypt-growing-3-in-the-year-ending-30-june-one-of-only-two-mena-countries-to-post-growth\/","title":{"rendered":"World Bank sees Egypt growing 3% in the year ending 30 June \u2014 one of only two MENA countries to post growth"},"content":{"rendered":"<section id=\"572026\" 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=\"572026\">\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\/09\/what-were-tracking-on-9-june-2020\/\">\r\n                            What we\u2019re tracking on 9 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\/09\/what-were-tracking-on-9-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\/09\/what-were-tracking-on-9-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\/09\/what-were-tracking-on-9-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=What we\u2019re tracking on 9 June 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/06\/09\/what-were-tracking-on-9-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\/09\/what-were-tracking-on-9-june-2020\/&title=What we\u2019re tracking on 9 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=What+we%E2%80%99re+tracking+on+9+June+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F06%2F09%2Fwhat-were-tracking-on-9-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\/09\/what-were-tracking-on-9-june-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572026\" class=\"content-area-description single-story post-572026 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-aviation tag-covid-19 tag-currencies tag-devaluation tag-economy tag-edtech tag-education tag-education-ministry tag-electricity tag-employment tag-enterpriseam tag-fawry tag-fintech tag-higher-education-ministry tag-kuwait tag-lebanon tag-mohamed-el-erian tag-new-zealand tag-pandemic tag-schools tag-subsidies tag-wall-street 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>Good morning, friends<\/strong> \u2014 as you can tell from this morning\u2019s tl;dr, it\u2019s a packed issue today, so let\u2019s jump right in.<\/p><p><strong>Plenty of you are parents (and a handful are high schoolers \u2014 we love you guys). With<\/strong> <strong>the end of the school year upon us, we want you to tell us how you\u2019re doing with e-learning<\/strong>, particularly given the Madbouly government <a href=\"https:\/\/bit.ly\/2Yao5bu\">said yesterday<\/a> it is looking to extend distance learning into the new school year starting this fall. Options on the table include live broadcasts of all lessons for high-school students and a hybrid system with both classroom and home-based learning.<\/p><p><strong><a href=\"https:\/\/www.surveymonkey.com\/r\/2LFC6YJ\">** TELL US WHAT YOU THINK.<\/a><\/strong> We\u2019ve put together a quick survey asking parents and students how things are going on the e-learning front. We\u2019ll have the results in an upcoming issue of Blackboard, our weekly education vertical. And as is our custom, we\u2019ll draw the names of three respondents who will receive an Enterprise mug and a bag of our favourite coffee from our friends at 30 North. <strong><a href=\"https:\/\/www.surveymonkey.com\/r\/2LFC6YJ\">Tap or click here to take the survey.<\/a><\/strong> It\u2019s quick and painless, we promise.<\/p><p><strong>Meanwhile, three things that are making us go \u201cHmmm\u2026\u201d this morning:<\/strong><\/p><p><strong>#1- IPOs could be back on the menu as US markets claw their way back to pre-covid<\/strong> <strong>highs. <\/strong>US shares have now recouped their losses for the year, the <a href=\"https:\/\/www.ft.com\/content\/1dfaeb58-6d65-4f17-b710-b1ebc6622649\">Financial Times<\/a> and <a href=\"https:\/\/www.wsj.com\/articles\/global-stock-markets-dow-update-06-08-2020-11591592116?mod=hp_lead_pos1\">Wall Street Journal<\/a> report despite a pandemic, an economic crisis and ongoing protests against racism and police violence. <strong>Markets sage Mohamed El Erian isn\u2019t rushing to buy into the \u201creopening rally,\u201d<\/strong> telling <a href=\"https:\/\/www.cnbc.com\/amp\/2020\/06\/08\/mohamed-el-erian-uncomfortable-betting-on-longer-rally-in-stocks.html#click=https:\/\/t.co\/ZWc2QFyJmw\">CNBC<\/a> that he\u2019s \u201cpersonally \u2026 uncomfortable\u201d banking on a sustained rally leading to a marked recovery.<\/p><p><strong>Into the gap wades insurance provider \/ fintech startup Lemonade<\/strong>, which <a href=\"https:\/\/www.fastcompany.com\/90514318\/fintech-insurance-startup-lemonade-just-filed-for-an-ipo\">filed for a USD<\/a><a href=\"https:\/\/www.fastcompany.com\/90514318\/fintech-insurance-startup-lemonade-just-filed-for-an-ipo\"><\/a><a href=\"https:\/\/www.fastcompany.com\/90514318\/fintech-insurance-startup-lemonade-just-filed-for-an-ipo\">100 mn IPO yesterday<\/a> (you can <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1691421\/000104746920003416\/a2241721zs-1.htm#cy40510_business\">check out its filing here<\/a>). And closer to home, <strong>Saudi grocer BinDawood <\/strong><strong><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-06-08\/saudi-grocer-is-set-to-kick-off-first-mideast-ipo-since-virus?sref=mmeFTDW1\">says it will go public<\/a><\/strong> in the region\u2019s first IPO since covid-19 hit.<\/p><p><strong>#2- Will Hong Kong\u2019s woes be good for Dubai?<\/strong> \u201cThe city\u2019s status as the premier Asian destination for industry talent is at stake\u201d as Beijing curbs Hong Kong\u2019s autonomy, and that has fund managers and traders looking to the exits, the <a href=\"https:\/\/www.ft.com\/content\/2acb077f-9f81-4457-9932-5223334facee\">Financial Times<\/a> reports. That momentum could grow as <a href=\"https:\/\/www.wsj.com\/articles\/hsbcs-decision-to-side-with-china-over-hong-kong-was-a-year-in-the-making-11591624786?mod=hp_lead_pos7\">HSBC takes heat<\/a> for having overtly backed Beijing\u2019s move to impose a new security law on HK. Expect Singapore to benefit from any relocation, but there\u2019s a play to be made here for Dubai, too.<\/p><p><strong>#3- When will we hug? <\/strong><a href=\"https:\/\/www.nytimes.com\/interactive\/2020\/06\/08\/upshot\/when-epidemiologists-will-do-everyday-things-coronavirus.html\">The New York Times has an answer<\/a>, having asked \u201c511 epidemiologists when they expect to fly, hug, and do 18 other everyday activities again.\u201d<\/p><hr class=\"grey-line\"><p><strong>GERD talks resume today:<\/strong> Egypt, Ethiopia, and Sudan\u2019s irrigation ministers will hold a virtual meeting today to resume negotiations on the Grand Ethiopian Renaissance Dam (GERD), according to a <a href=\"https:\/\/bit.ly\/2XJtreF\">statement<\/a> from Sudan\u2019s irrigation ministry, which arranged the meeting. Observers from the US, South Africa, and European Union Commission will also sit in on the discussions, which will focus on \u201cprocedural issues related to the role of observers and outstanding negotiating issues,\u201d the statement says.<\/p><p><strong>We\u2019ll know more about July\u2019s electricity price hikes later today <\/strong>when Electricity Minister Mohamed Shaker holds a press conference to announce new electricity rates set to take hold on 1 July, <a href=\"https:\/\/bit.ly\/3cKtSJY\">Al Masry Al Youm<\/a>. We have more in this morning\u2019s Speed Round, below.<\/p><p><strong>The IMF\u2019s executive board will discuss by the end of this month or early July a <\/strong><strong>USD 5.2 <\/strong><strong>bn stand-by facility for Egypt<\/strong>, <a href=\"https:\/\/bit.ly\/2XHUnLR\">Masrawy<\/a> writes, citing an unnamed Finance Ministry official.<\/p><p><strong>EGP WATCH- The EGP<\/strong> <strong>gained nearly three piasters against the greenback <\/strong><strong>yesterday<\/strong>, rebounding slightly after having returned to where it was seven months ago earlier in the week.<\/p><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\/2UquQVx\">confirmed<\/a><\/strong><strong> 34 new deaths from covid-19 yesterday<\/strong>, bringing the country\u2019s total death toll to 1,271. Egypt has now disclosed a total of 35,444 confirmed cases of covid-19, after the ministry reported <strong>1,365 new infections yesterday<\/strong>. We now have a total of 10,618 confirmed cases that have since tested negative for the virus after being hospitalized or isolated, of whom 9,375 have fully recovered.<\/p><p><strong>The ministry is providing at-home treatment and medical care to some 9k people <\/strong><strong>suspected to have<\/strong><strong> contracted the virus<\/strong> to avoid crowding at hospitals, a senior ministry official said yesterday (<a href=\"https:\/\/www.youtube.com\/watch?v=TMlzDZfqYCE\">watch, runtime: 7:03<\/a>).<\/p><p><strong>Amid the pandemic, we\u2019re doing everything online: <\/strong>Fawry has seen a 250% increase in payment volumes since the beginning of the pandemic and is now serving more than 25 mn customers per month, CEO Ashraf Sabry told <a href=\"https:\/\/bit.ly\/2UiuoIU\">the local press<\/a>.<\/p><p><strong>Sister companies Uber and Careem have indefinitely suspended recruiting new<\/strong><strong> drivers<\/strong> as demand has nosedived during the pandemic, <a href=\"https:\/\/bit.ly\/37bh66l\">Al Mal<\/a> reports, citing an unnamed insider.<\/p><p><strong>The Musicians Syndicate is pushing to get entertainment venues reopened at<\/strong><strong> reduced capacities<\/strong>, according to <a href=\"https:\/\/bit.ly\/2XK7E6X\">Masrawy<\/a>. Syndicate funds are starting to run dry as member contributions have come to a near halt in the absence of public performances, an official says.<\/p><p><strong>Another 23 hotels will open <\/strong>after having earned permission from the Tourism Ministry, bringing the total number of hotels cleared to receive guests to 155, according to <a href=\"https:\/\/bit.ly\/3f0Tjsr\">a ministry statement<\/a>.<\/p><p><strong>Rent relief for tourism sites: <\/strong>Restaurants at tourism sites, markets, museums and cultural heritage sites are getting a three-month rent holiday for June, July and August, according to <a href=\"https:\/\/bit.ly\/3h65G8v\">a cabinet statement<\/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>ON THE GLOBAL FRONT-<\/strong><\/p><p><strong>The World Health Organization is warning that the pandemic is still getting worse<\/strong> despite improvements in Europe and a gradual reopening of public life in many countries, according to <a href=\"https:\/\/www.pbs.org\/newshour\/health\/who-chief-warns-virus-is-worsening-globally\">the Associated Press<\/a>. A total of 136k new cases were reported globally on Sunday in the largest single-day increase the outbreak began.<\/p><p><strong>New Zealand now has zero covid-19 cases<\/strong>, according to <a href=\"https:\/\/apnews.com\/9503e13b40d8815e107e9891da1bfdcb\">the Associated Press<\/a>. The country has gone 17 days since reporting a new case and all infected patients have recovered. NZ has fully reopened, but will leave in place border controls and quarantine requirements for new arrivals.<\/p><p><strong>Saudi Arabia looks set to dramatically limit the number of people who will be allowed to <\/strong><strong>perform the hajj this year<\/strong> as the kingdom\u2019s covid-19 case count topped 100k, <a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-saudi-haj-idUSKBN23F1VJ\">Reuters<\/a> reports. <\/p><p><strong>GLOBAL MACRO-<\/strong><\/p><p><strong>Global trade faces \u201cticking time-bomb\u201d as labor crisis threatens shipping companies:<\/strong> Shipping companies could refuse to sail later this month due to concerns over safety on merchant vessels, the <a href=\"https:\/\/www.ft.com\/content\/4f2e33a6-e1f7-407f-b2af-8aac31e0d8ee\">Financial Times<\/a> reports. Up to 400k crew stranded by travel restrictions have been placed on emergency contract extensions, and industry leaders fear that many tankers will remain in ports when they expire on 16 June, as ship owners, unions and captains sound the alarm over safety.<\/p><p><strong>EM currencies are surging now, but the longer-term outlook remains bleak, Barclays <\/strong><strong>warns:<\/strong> <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b0e92be2-e7e8-4dce-83c7-79adc6426c90\">Last week\u2019s rally<\/a> in emerging-market currencies is unlikely to last, even as the global economy reopens and the USD weakens, Barclays strategists wrote in a note picked up by <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-06-08\/the-sinking-dollar-won-t-help-emerging-currencies-barclays-says?srnd=premium-middle-east&amp;sref=mmeFTDW1\">Bloomberg<\/a>. \u201cThe medium-term trajectory for EM FX is still lower and their curves are likely to steepen. Long-term fiscal sustainability will remain a challenge for some, even under optimistic post-Covid-19 assumptions,\u201d the analysts wrote.<\/p><p><strong>Oil giant BP is planning to cut 10k jobs \u2014 or 15% of its workforce \u2014 this year,<\/strong> in the latest indicator of the pressures brought on the industry by the pandemic, according to <a href=\"https:\/\/www.ft.com\/content\/46cd47da-281e-4b63-80a3-db14eecb5650\">the Financial Times<\/a>.<\/p><p><strong>EGYPT BEYOND COVID- <\/strong><\/p><p><strong>Egypt Ventures green-lights impact investment strategy:<\/strong> The board of government-backed <a href=\"http:\/\/egyptventures.com\/\">Egypt Ventures<\/a> has approved a long-term strategy to focus investment on startups that align with Egypt\u2019s Sustainable Development Goals, the VC firm said in a <a href=\"https:\/\/ent.news\/2020\/6\/Egypt-Ventures-BoD-approves-new-long-term-strategy-focusing-on-impact-investing-principles-to-track-Sustainable-Development-Goals-across-startups-.pdf\">statement (pdf)<\/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\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/currencies\/\">currencies<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/devaluation\/\">devaluation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/edtech\/\">edtech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/education-ministry\/\">Education Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/electricity\/\">electricity<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/employment\/\">employment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fawry\/\">Fawry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fintech\/\">Fintech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/higher-education-ministry\/\">Higher Education Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/kuwait\/\">Kuwait<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/lebanon\/\">Lebanon<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mohamed-el-erian\/\">Mohamed El Erian<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/new-zealand\/\">New Zealand<\/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\/schools\/\">Schools<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/subsidies\/\">subsidies<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/wall-street\/\">Wall Street<\/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=\"572027\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \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-7cid3l5\" data-v=\"4\" data-block-id=\"7cid3l5\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-7cid3l5-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-7cid3l5-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-earoo8p\" data-v=\"4\" data-block-id=\"earoo8p\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-earoo8p-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-earoo8p-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-2k7tdr7\" data-v=\"4\" data-block-id=\"2k7tdr7\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-2k7tdr7-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-2k7tdr7-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-6mzj8hr\" data-v=\"4\" data-block-id=\"6mzj8hr\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-6mzj8hr-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-6mzj8hr-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240926.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.qalaaholdings.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/110691.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Driving growth<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-left\" class=\"svg-inline--fa fa-chevron-left\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M34.52 239.03L228.87 44.69c9.37-9.37 24.57-9.37 33.94 0l22.67 22.67c9.36 9.36 9.37 24.52.04 33.9L131.49 256l154.02 154.75c9.34 9.38 9.32 24.54-.04 33.9l-22.67 22.67c-9.37 9.37-24.57 9.37-33.94 0L34.52 272.97c-9.37-9.37-9.37-24.57 0-33.94z\"><\/path><\/svg><\/button><button class=\"stk-block-carousel__button stk-block-carousel__button__next\" aria-label=\"Next slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-right\" class=\"svg-inline--fa fa-chevron-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M285.476 272.971L91.132 467.314c-9.373 9.373-24.569 9.373-33.941 0l-22.667-22.667c-9.357-9.357-9.375-24.522-.04-33.901L188.505 256 34.484 101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg><\/button><\/div><\/div><div class=\"stk-block-carousel__dots\" role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"572028\" 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=\"572028\">\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\/09\/covid-19-treatment-prices-at-egypts-private-hospitals-lead-the-nations-airwaves\/\">\r\n                            Covid-19 treatment prices at Egypt\u2019s private hospitals lead the nation\u2019s 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\/09\/covid-19-treatment-prices-at-egypts-private-hospitals-lead-the-nations-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(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2020\/06\/09\/covid-19-treatment-prices-at-egypts-private-hospitals-lead-the-nations-airwaves\/')\">\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\/09\/covid-19-treatment-prices-at-egypts-private-hospitals-lead-the-nations-airwaves\/\">\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=Covid-19 treatment prices at Egypt\u2019s private hospitals lead the nation\u2019s airwaves&url=https:\/\/enterpriseam.com\/egypt\/2020\/06\/09\/covid-19-treatment-prices-at-egypts-private-hospitals-lead-the-nations-airwaves\/\">\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\/09\/covid-19-treatment-prices-at-egypts-private-hospitals-lead-the-nations-airwaves\/&title=Covid-19 treatment prices at Egypt\u2019s private hospitals lead the nation\u2019s airwaves\">\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=Covid-19+treatment+prices+at+Egypt%E2%80%99s+private+hospitals+lead+the+nation%E2%80%99s+airwaves+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F06%2F09%2Fcovid-19-treatment-prices-at-egypts-private-hospitals-lead-the-nations-airwaves%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\/09\/covid-19-treatment-prices-at-egypts-private-hospitals-lead-the-nations-airwaves\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572028\" class=\"content-area-description single-story post-572028 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-covid-19 tag-enterprise-last-nights-talk-shows tag-enterpriseam tag-federation-of-egyptian-industries tag-healthcare wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>The price of covid-19 treatment provided by private hospitals led the conversation on the<\/strong><strong> airwaves<\/strong> last night after Health Minister Hala Zayed <a href=\"https:\/\/bit.ly\/3fgCERZ\">met yesterday<\/a> with representatives from the country\u2019s major private healthcare providers and head of the Federation of Egyptian Industries\u2019 private healthcare providers division, Alaa Abdel Meguid.<\/p>\n<p><strong>The Health Ministry has agreed to raise by 20% the prices laid out in the <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/734f1ee9-fded-4641-88ef-6fec7a4ca806\">mandatory pricing scheme<\/a><\/strong> it had released last week for private hospitals treating covid-19 patients, after the private sector voiced its objections that the scheme was untenable, Abdel Meguid told Al Kahera Alaan\u2019s Lamees El Hadidi (<a href=\"https:\/\/www.youtube.com\/watch?v=0scOkPuy4Tk\">watch, runtime: 16:36<\/a>). Rep. Magdy Morshed, a member of the House Health Committee, suggested to Lamees that the country doesn\u2019t need to rely on private healthcare providers at all, and that state-owned hospitals alone can absorb covid-19 patients that require hospital care (<a href=\"https:\/\/www.youtube.com\/watch?v=LLRjozaPm6g\">watch, runtime: 3:18<\/a>).<\/p>\n<p><strong>The private sector will cut operating costs as much as possible<\/strong> without sacrificing the quality of their services to help make ends meet under the ministry\u2019s pricing scheme, Abdel Meguid told El Hekaya\u2019s Amr Adib (<a href=\"https:\/\/www.youtube.com\/watch?v=OQpGrfladb8\">watch, runtime: 2:32<\/a>).<\/p>\n<p><strong>Anecdotes from patients\u2019 families:<\/strong> Masaa DMC\u2019s Eman El Hosary, meanwhile, spoke with a few people who relayed their personal experiences with private healthcare providers over the past several days, including one who said a family member was charged prices above those laid out in the ministry\u2019s mandatory pricing scheme after he was unable to find an available bed at state-owned hospitals (<a href=\"https:\/\/www.youtube.com\/watch?v=Chtr96Oq2x8\">watch, runtime: 5:06<\/a>). Another caller alleged that a Sheikh Zayed hospital refused to admit a covid-19 case and overcharged the patient on a PCR test (<a href=\"https:\/\/www.youtube.com\/watch?v=m5lVN5UZ5TE\">watch, runtime: 5:41<\/a>).<\/p>\n<p>Elsewhere, <strong>Lamees discussed the expected resumption of GERD negotiations today<\/strong> with Al Ahram Center for Political and Strategic Studies advisor Hani Raslan, who said that Cairo, Addis Ababa, and Khartoum could reach a final agreement in as little as two weeks if Ethiopia is serious about seeing eye-to-eye with its downstream neighbors (<a href=\"https:\/\/www.youtube.com\/watch?v=y4lKuDKtSwA\">watch, runtime: 8:17<\/a>).<\/p>\n<p>Also on the airwaves:<\/p>\n<ul>\n<li><strong>A covid-19 vaccine produced by Anglo-Swedish company AstraZeneca could arrive to Egypt<\/strong> as early as September if ongoing clinical trials wrap up in time, presidential health advisor Mohamed Awad Tageldin said on the airwaves on Sunday (<a href=\"https:\/\/youtu.be\/4fdWfFZVCJE?t=160\">watch, runtime: 5:28<\/a>)<\/li>\n<li><strong>Public Enterprises Minister Hisham Tawfik also gave Lamees a breakdown of the Public Enterprises Act<\/strong> that the House of Representatives approved on Sunday (<a href=\"https:\/\/www.youtube.com\/watch?v=Y0eXl40iC5o\">watch, runtime: 1:53<\/a>). We had <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3ca43428-ef07-418a-b24a-fd32c3218080\">the story<\/a> in yesterday\u2019s issue.<\/li>\n<li><strong>An apparent shortage of cigarettes in the country<\/strong> had the Federation of Egyptian Industries\u2019 tobacco division head calling on the Consumer Protection Agency to investigate alleged hoarding from retailers to drive up prices (<a href=\"https:\/\/www.youtube.com\/watch?v=dpC21QIYy0Y&feature=emb_title\">watch, runtime 2:16<\/a>)<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/federation-of-egyptian-industries\/\">Federation of Egyptian Industries<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"572029\" 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=\"572029\">\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\/09\/world-bank-downgrades-egypts-gdp-growth-forecast-this-fiscal-year-to-3-0\/\">\r\n                            World Bank downgrades Egypt\u2019s GDP growth forecast this fiscal year to 3.0%                        <\/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\/09\/world-bank-downgrades-egypts-gdp-growth-forecast-this-fiscal-year-to-3-0\/\" 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\/09\/world-bank-downgrades-egypts-gdp-growth-forecast-this-fiscal-year-to-3-0\/')\">\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\/09\/world-bank-downgrades-egypts-gdp-growth-forecast-this-fiscal-year-to-3-0\/\">\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=World Bank downgrades Egypt\u2019s GDP growth forecast this fiscal year to 3.0%&url=https:\/\/enterpriseam.com\/egypt\/2020\/06\/09\/world-bank-downgrades-egypts-gdp-growth-forecast-this-fiscal-year-to-3-0\/\">\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\/09\/world-bank-downgrades-egypts-gdp-growth-forecast-this-fiscal-year-to-3-0\/&title=World Bank downgrades Egypt\u2019s GDP growth forecast this fiscal year to 3.0%\">\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=World+Bank+downgrades+Egypt%E2%80%99s+GDP+growth+forecast+this+fiscal+year+to+3.0%25+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F06%2F09%2Fworld-bank-downgrades-egypts-gdp-growth-forecast-this-fiscal-year-to-3-0%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\/09\/world-bank-downgrades-egypts-gdp-growth-forecast-this-fiscal-year-to-3-0\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/93.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"572030\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/09\/world-bank-downgrades-egypts-gdp-growth-forecast-this-fiscal-year-to-3-0\/93-jpg-13\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/93.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"93.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/93.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/93.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572029\" class=\"content-area-description single-story post-572029 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round tag-developing-economies tag-edme tag-emerging-markets tag-enterpriseam tag-mena tag-oil-importers tag-speed-round tag-world-bank wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>World Bank downgrades Egypt\u2019s GDP growth forecast to 3.0% for the fiscal year ending <\/strong><strong>this month:<\/strong> The World Bank expects Egypt\u2019s economy to end the current fiscal year \u2014 which comes to a close on 30 June \u2014 with 3.0% growth, down from the 5.9% the bank had penciled in <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b6ea6f30-f741-4700-b171-562a70dc711f\">earlier this year<\/a>. According to <strong>the World Bank\u2019s June 2020 Global Economic Prospects report<\/strong>, the growth Egypt will achieve in FY2019-2020 will be buoyed by \u201cgenerally supportive activity\u201d before the onset of the pandemic, which has since been disrupted. The economy will expand at a slower pace of 2.1% in FY2020-2021. The World Bank had previously expected 6.0% growth in Egypt next fiscal year.<\/p>\n<p><strong>Egypt and Djibouti are the only two MENA countries whose economies will not contract this fiscal year<\/strong>, and Egypt\u2019s forecasted growth this fiscal year is more than double Djibouti\u2019s 1.3%.<\/p>\n<p><strong>The region\u2019s oil importers (including Egypt) are expected to fare better than oil exporters this year and next<\/strong>, but their economies remain reliant on tourism activity, leaving them vulnerable due to an anticipated drop in arrivals from key source areas, including Europe. The report also expects investments and exports to contract \u201camid weak global and domestic confidence and high policy uncertainty.\u201d<\/p>\n<p><strong>Uncertainty and volatility of oil prices is also a downside risk for the region as a whole, the report says.<\/strong> While lower oil prices initially provided importers with a bit of current account relief, high volatility is taking a toll on investment and confidence, and prices remaining low \u201cwould also further erode MENA\u2019s already weak fiscal space and heavily constrain investment activity in the region, as oil prices and public investment often comove closely in MENA.\u201d<\/p>\n<p><strong>In the medium term, staying the course on structural reforms to bump up investment<\/strong> is key for Egypt and the region at large. The report points to Egypt\u2019s economic reforms as being pro-growth and says financial sector reforms across the region will help improve the investment climate. \u201cBut success is contingent upon a sustained commitment to reforms, including by newly formed governments.\u201d<\/p>\n<p><strong>The report sees emerging markets and developing economies turning in their weakest showing in 60 years this year<\/strong>, with a projected 2.5% contraction in 2020. \u201cThe current global recession is also unique in that global growth forecasts have been revised down more steeply and rapidly than in any other recessions since at least 1990.\u201d <strong>Emerging markets are expected to begin recovering in 2021<\/strong>, however, as trade and investment begin to firm up again and the effects of the pandemic begin to wane. Globally, the World Bank\u2019s baseline scenario sees <strong>\u201ca deep global recession\u201d in the cards for 2020<\/strong>, which would see global output contracting 5.2% \u2014 a decline nearly threefold that of 2009.<\/p>\n<p><strong>The global economy would be positioned for a recovery in 2021 if lockdown measures are lifted by the end of this year<\/strong> around the world, even if some social distancing practices remain in place. \u201cThat said, the envisioned global recovery next year is moderate, with the level of global output in 2021 still 5.9% below that of January forecasts. This reflects various headwinds that will weigh on activity over the medium term.\u201d<\/p>\n<p><strong>You can read the <\/strong><strong><a href=\"https:\/\/openknowledge.worldbank.org\/bitstream\/handle\/10986\/33748\/211553-Ch01.pdf\">full report<\/a><\/strong> here (pdf) and the <strong><a href=\"http:\/\/pubdocs.worldbank.org\/en\/950801588788414569\/Global-Economic-Prospects-June-2020-Analysis-MENA.pdf\">MENA chapter<\/a><\/strong> here (pdf). The press release is also available <a href=\"https:\/\/www.worldbank.org\/en\/news\/feature\/2020\/06\/08\/the-global-economic-outlook-during-the-covid-19-pandemic-a-changed-world\">here<\/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\/developing-economies\/\">developing economies<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/edme\/\">EDME<\/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\/mena\/\">MENA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/oil-importers\/\">oil importers<\/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-bank\/\">World Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"572046\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"572047\" 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=\"572047\">\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\/09\/egypt-in-the-news-on-9-june-2020\/\">\r\n                            Egypt in the News on 9 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\/09\/egypt-in-the-news-on-9-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\/09\/egypt-in-the-news-on-9-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\/09\/egypt-in-the-news-on-9-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 9 June 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/06\/09\/egypt-in-the-news-on-9-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\/09\/egypt-in-the-news-on-9-june-2020\/&title=Egypt in the News on 9 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+9+June+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F06%2F09%2Fegypt-in-the-news-on-9-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\/09\/egypt-in-the-news-on-9-june-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572047\" class=\"content-area-description single-story post-572047 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-ancient-egypt tag-culture tag-egypt-in-the-news tag-enterpriseam tag-health tag-history tag-media tag-spain tag-tutankhamun wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>For photo nerds: 1.4k black and white photographs of the 1922-1925 Va\u0633lley of the Kings<\/strong> excavation have been colorized and converted to digital, including the world-famous photo of archaeologist Howard Carter cleaning Tutankhamun\u2019s coffin, <a href=\"https:\/\/www.dailymail.co.uk\/news\/article-8395511\/The-golden-moment-Tutankhamuns-coffin-discovered.html\">the Daily Mail<\/a> reports. <strong>Plus: <\/strong><a href=\"https:\/\/www.thenational.ae\/arts-culture\/women-in-egypt-s-sinai-are-sewing-bedouin-designs-on-face-masks-1.1028765\">AFP<\/a> looks at <strong>Bedouin face<\/strong> masks being produced in North Sinai.<\/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\/ancient-egypt\/\">Ancient Egypt<\/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\/health\/\">health<\/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\/media\/\">media<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/spain\/\">Spain<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tutankhamun\/\">Tutankhamun<\/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=\"572048\" 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=\"572048\">\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\">Worth Listening<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/09\/algebra-ventures-tarek-assaad-and-karim-hussein-on-what-vcs-look-for-in-startups\/\">\r\n                            Algebra Ventures\u2019 Tarek Assaad and Karim Hussein on what VCs look for in 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\/06\/09\/algebra-ventures-tarek-assaad-and-karim-hussein-on-what-vcs-look-for-in-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\/06\/09\/algebra-ventures-tarek-assaad-and-karim-hussein-on-what-vcs-look-for-in-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\/06\/09\/algebra-ventures-tarek-assaad-and-karim-hussein-on-what-vcs-look-for-in-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=Algebra Ventures\u2019 Tarek Assaad and Karim Hussein on what VCs look for in startups&url=https:\/\/enterpriseam.com\/egypt\/2020\/06\/09\/algebra-ventures-tarek-assaad-and-karim-hussein-on-what-vcs-look-for-in-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\/06\/09\/algebra-ventures-tarek-assaad-and-karim-hussein-on-what-vcs-look-for-in-startups\/&title=Algebra Ventures\u2019 Tarek Assaad and Karim Hussein on what VCs look for in 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=Algebra+Ventures%E2%80%99+Tarek+Assaad+and+Karim+Hussein+on+what+VCs+look+for+in+startups+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F06%2F09%2Falgebra-ventures-tarek-assaad-and-karim-hussein-on-what-vcs-look-for-in-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\/06\/09\/algebra-ventures-tarek-assaad-and-karim-hussein-on-what-vcs-look-for-in-startups\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/102.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"572049\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/09\/algebra-ventures-tarek-assaad-and-karim-hussein-on-what-vcs-look-for-in-startups\/102-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/102.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"102.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/102.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/102.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572048\" class=\"content-area-description single-story post-572048 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-listening tag-algebra-ventures tag-enterpriseam tag-investment-watch tag-startups tag-tarek-assaad tag-technology tag-venture-capital tag-worth-listening wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>This week on Making It<\/strong>, our podcast on building a great business in Egypt, we spoke with Tarek Assaad and Karim Hussein \u2014 two thirds of <a href=\"https:\/\/algebraventures.com\/\">Algebra Ventures<\/a>\u2019 managing partner trio \u2014 about successfully launching the biggest tech VC fund in Egypt, and the qualities that make a startup investment-worthy.<\/p>\n<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\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\/algebra-ventures\/\">Algebra Ventures<\/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\/startups\/\">startups<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tarek-assaad\/\">Tarek Assaad<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/technology\/\">technology<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/venture-capital\/\">venture capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/worth-listening\/\">WORTH LISTENING<\/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=\"572050\" 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=\"572050\">\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\/06\/09\/diplo-foreign-trade-russia-germany-backs-egypts-libya-peace-initiative-cotton-exports-down\/\">\r\n                            Diplo + Foreign Trade: Russia, Germany backs Egypt\u2019s Libya peace initiative; cotton exports down                        <\/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\/09\/diplo-foreign-trade-russia-germany-backs-egypts-libya-peace-initiative-cotton-exports-down\/\" 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\/09\/diplo-foreign-trade-russia-germany-backs-egypts-libya-peace-initiative-cotton-exports-down\/')\">\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\/09\/diplo-foreign-trade-russia-germany-backs-egypts-libya-peace-initiative-cotton-exports-down\/\">\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=Diplo + Foreign Trade: Russia, Germany backs Egypt\u2019s Libya peace initiative; cotton exports down&url=https:\/\/enterpriseam.com\/egypt\/2020\/06\/09\/diplo-foreign-trade-russia-germany-backs-egypts-libya-peace-initiative-cotton-exports-down\/\">\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\/09\/diplo-foreign-trade-russia-germany-backs-egypts-libya-peace-initiative-cotton-exports-down\/&title=Diplo + Foreign Trade: Russia, Germany backs Egypt\u2019s Libya peace initiative; cotton exports down\">\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=Diplo+%2B+Foreign+Trade%3A+Russia%2C+Germany+backs+Egypt%E2%80%99s+Libya+peace+initiative%3B+cotton+exports+down+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F06%2F09%2Fdiplo-foreign-trade-russia-germany-backs-egypts-libya-peace-initiative-cotton-exports-down%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\/09\/diplo-foreign-trade-russia-germany-backs-egypts-libya-peace-initiative-cotton-exports-down\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572050\" class=\"content-area-description single-story post-572050 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-abdel-fattah-el-sisi tag-commodities tag-diplomacy-foreign-trade tag-enterpriseam tag-european-investment-bank tag-libya tag-russia wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Russia sees Egypt\u2019s peace initiative as the primary forum in which Libya\u2019s future will be <\/strong><strong>decided<\/strong>, <a href=\"https:\/\/uk.reuters.com\/article\/uk-libya-security-russia\/russia-backs-egyptian-peace-initiative-for-warring-factions-in-libya-conflict-idUKKBN23F1CP\">Reuters<\/a> reports, piggybacking <a href=\"https:\/\/bit.ly\/2XJBuZb\">on a call<\/a> between Russian leader Vladimir Putin and President Abdel Fattah El Sisi yesterday. German Chancellor Angela Merkel <a href=\"https:\/\/bit.ly\/3cM20FA\">is also backing<\/a> Cairo\u2019s initiative even as forces loyal to Libya\u2019s UN-recognised government said they would press ahead with an offensive to capture territory in the country\u2019s west, the <a href=\"https:\/\/www.theguardian.com\/world\/2020\/jun\/07\/libyan-government-defies-russian-warnings-with-plans-to-take-eastern-sites\">Guardian<\/a> and the <a href=\"https:\/\/apnews.com\/14a0671d3f9ff3d546e8edb69ab60632\">Associated Press<\/a> report.<\/p>\n<p>Meanwhile:<\/p>\n<ul>\n<li><strong>Local development program: <\/strong>The International Cooperation Ministry has launched the EGP 111 mn second phase of a program to develop pavements as well as water and sanitation networks in Alexandria, Assiut, Giza, Port Said and Sharqiyah. The program <a href=\"https:\/\/www.eib.org\/en\/press\/all\/2020-140-moic-eu-eib-and-msmeda-launch-the-second-phase-of-community-development-program-in-egypt\">is funded by<\/a> the European Union and the European Investment Bank, among other parties.<\/li>\n<li><strong>Cotton exports dropped 9.52% y-o-y during the second quarter of the agricultural <\/strong><strong>season <\/strong>(December 2019- February 2020) to 1.2 mn qintars, compared to 3.6 mn qintars during the same period last year, according to a Central Agency for Public Mobilization and Statistics <a href=\"https:\/\/ent.news\/2020\/6\/Cotton-Exports-Release-Ar.pdf\">release (pdf)<\/a>.<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/commodities\/\">commodities<\/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\/european-investment-bank\/\">European Investment Bank<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/russia\/\">Russia<\/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=\"572051\" 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=\"572051\">\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\">Real Estate + Housing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/09\/phd-signs-egp-3-5-bn-agreement-with-al-shorouk-for-ain-sokhna-development\/\">\r\n                            PHD signs EGP 3.5 bn agreement with Al Shorouk for Ain Sokhna development                        <\/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\/09\/phd-signs-egp-3-5-bn-agreement-with-al-shorouk-for-ain-sokhna-development\/\" 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\/09\/phd-signs-egp-3-5-bn-agreement-with-al-shorouk-for-ain-sokhna-development\/')\">\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\/09\/phd-signs-egp-3-5-bn-agreement-with-al-shorouk-for-ain-sokhna-development\/\">\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=PHD signs EGP 3.5 bn agreement with Al Shorouk for Ain Sokhna development&url=https:\/\/enterpriseam.com\/egypt\/2020\/06\/09\/phd-signs-egp-3-5-bn-agreement-with-al-shorouk-for-ain-sokhna-development\/\">\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\/09\/phd-signs-egp-3-5-bn-agreement-with-al-shorouk-for-ain-sokhna-development\/&title=PHD signs EGP 3.5 bn agreement with Al Shorouk for Ain Sokhna development\">\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=PHD+signs+EGP+3.5+bn+agreement+with+Al+Shorouk+for+Ain+Sokhna+development+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F06%2F09%2Fphd-signs-egp-3-5-bn-agreement-with-al-shorouk-for-ain-sokhna-development%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\/09\/phd-signs-egp-3-5-bn-agreement-with-al-shorouk-for-ain-sokhna-development\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572051\" class=\"content-area-description single-story post-572051 post type-post status-publish format-standard hentry category-real-estate-housing tag-enterpriseam tag-palm-hills-developments tag-real-estate-housing wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Palm Hills Developments (PHD) has signed a EGP 3.5 bn agreement with Al Shorouk for Touristic Developments to build a mixed-use development in Ain Sokhna, according to a <a href=\"https:\/\/ent.news\/2020\/6\/%D8%A8%D8%A7%D9%84%D9%85-%D9%87%D9%8A%D9%84%D8%B2-%D8%A8%D9%8A%D8%A7%D9%86-%D8%A7%D9%86%D8%AC%D9%84%D9%8A%D8%B2%D9%89-08-06-2020.pdf\">bourse disclosure (pdf)<\/a>. The project will cover 116 feddans and be developed over five phases. The first phase of homes is set to be delivered three years from the project\u2019s launch.<\/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\/palm-hills-developments\/\">Palm Hills Developments<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate-housing\/\">Real Estate + Housing<\/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=\"572052\" 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=\"572052\">\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\">Automotive + Transportation<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/09\/gb-auto-begins-distribution-of-2020-chery-tiggo-7\/\">\r\n                            GB Auto begins distribution of 2020 Chery Tiggo 7                        <\/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\/09\/gb-auto-begins-distribution-of-2020-chery-tiggo-7\/\" 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\/09\/gb-auto-begins-distribution-of-2020-chery-tiggo-7\/')\">\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\/09\/gb-auto-begins-distribution-of-2020-chery-tiggo-7\/\">\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=GB Auto begins distribution of 2020 Chery Tiggo 7&url=https:\/\/enterpriseam.com\/egypt\/2020\/06\/09\/gb-auto-begins-distribution-of-2020-chery-tiggo-7\/\">\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\/09\/gb-auto-begins-distribution-of-2020-chery-tiggo-7\/&title=GB Auto begins distribution of 2020 Chery Tiggo 7\">\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=GB+Auto+begins+distribution+of+2020+Chery+Tiggo+7+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F06%2F09%2Fgb-auto-begins-distribution-of-2020-chery-tiggo-7%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\/09\/gb-auto-begins-distribution-of-2020-chery-tiggo-7\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572052\" class=\"content-area-description single-story post-572052 post type-post status-publish format-standard hentry category-automotive-transportation tag-automotive tag-automotive-transportation tag-enterpriseam tag-gb-auto tag-transport wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>GB Auto is now beginning to sell the new 2020 Chery Tiggo 7 at a starting price of EGP 269k, according to a <a href=\"https:\/\/ent.news\/2020\/6\/GB-Auto-announces-the-launch-of-the-new-Chery-brand-model-Tiggo-7.pdf\">press release (pdf)<\/a>. The SUV has been assembled locally in cooperation with Aboul Fotouh Automotive Group. GB Auto is planning to introduce an online car buying and booking service through their website to accommodate customers during the current pandemic.<\/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\/automotive\/\">automotive<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/automotive-transportation\/\">Automotive + Transportation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gb-auto\/\">GB Auto<\/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=\"572054\" 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=\"572054\">\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\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/09\/the-market-yesterday-105\/\">\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\/09\/the-market-yesterday-105\/\" 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\/09\/the-market-yesterday-105\/')\">\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\/09\/the-market-yesterday-105\/\">\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\/09\/the-market-yesterday-105\/\">\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\/09\/the-market-yesterday-105\/&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%2F09%2Fthe-market-yesterday-105%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\/09\/the-market-yesterday-105\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572054\" class=\"content-area-description single-story post-572054 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 16.14 | Sell 16.24<\/p>\n<p> <strong>EGP \/ USD at CIB:<\/strong> Buy 16.13 | Sell 16.23<br \/>\n <strong>EGP \/ USD at NBE: <\/strong>Buy 16.13 | Sell 16.23<\/p>\n<p><strong>EGX30<\/strong> (Monday): 11,147 (+0.3%)<br \/>\n <strong>Turnover:<\/strong> EGP 1.2 bn (61% above the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: -20.2%<\/p>\n<p><strong>THE MARKET ON MONDAY:<\/strong> The EGX30 ended Monday\u2019s session up 0.3%. CIB, the index\u2019s heaviest constituent, ended up 0.01%. EGX30\u2019s top performing constituents were Pioneers Holding up 4.6%, EFG Hermes up 3.9%, and Heliopolis Housing up 3.0%. Yesterday\u2019s worst performing stocks were Egyptian Resorts down 3.8%, Emaar Misr down 2.0% and Credit Agricole down 1.5%. The market turnover was EGP 1.2 bn, and regional investors were the sole net sellers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Long | EGP +3.0 mn<br \/>\n <strong>Regional<\/strong>: Net Short | EGP -23.5 mn<br \/>\n <strong>Domestic<\/strong>: Net Long | EGP +20.4 mn<\/p>\n<p><strong>Retail<\/strong>: 69.2% of total trades | 68.4% of buyers | 69.9% of sellers<br \/>\n <strong>Institutions<\/strong>: 30.8% of total trades | 31.6% of buyers | 30.1% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 38.63 (+1.15%)<br \/>\n <strong>Brent:<\/strong> USD 40.80 (-3.55%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 1.82 MMBtu, (+1.62%, July 2020 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,703.80 \/ troy ounce (-0.08%)<\/p>\n<p><strong>TASI:<\/strong> 7,300.48 (+0.45%) (YTD: -12.98%)<br \/>\n <strong>ADX:<\/strong> 4,369.08 (-0.82%) (YTD: -13.92%)<br \/>\n <strong>DFM:<\/strong> 2,164.08 (+1.44%) (YTD: -21.73%)<br \/>\n <strong>KSE Premier Market:<\/strong> 5,563.18 (+1.02%)<br \/>\n <strong>QE:<\/strong> 9,316.21 (-0.35%) (YTD: -10.64%)<br \/>\n <strong>MSM:<\/strong> 3,537.48 (-0.02%) (YTD: -11.15%)<br \/>\n <strong>BB: <\/strong>1,277.22 (+0.58%) (YTD: -20.68%)<\/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=\"572055\" 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\/09\/572055\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572055\" class=\"content-area-description single-story post-572055 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>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":572025,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-572024","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"499fc44f-175b-4fce-9719-0832c850766b","teaser":"","photo_url":"https:\/\/ent.news\/2020\/6\/91.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>World Bank sees Egypt growing 3% in the year ending 30 June \u2014 one of only two MENA countries to post growth - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/issues\/world-bank-sees-egypt-growing-3-in-the-year-ending-30-june-one-of-only-two-mena-countries-to-post-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"World Bank sees Egypt growing 3% in the year ending 30 June \u2014 one of only two MENA countries to post growth\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/issues\/world-bank-sees-egypt-growing-3-in-the-year-ending-30-june-one-of-only-two-mena-countries-to-post-growth\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T08:20:48+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/91.jpg?fit=%2C&ssl=1\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/world-bank-sees-egypt-growing-3-in-the-year-ending-30-june-one-of-only-two-mena-countries-to-post-growth\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/issues\/world-bank-sees-egypt-growing-3-in-the-year-ending-30-june-one-of-only-two-mena-countries-to-post-growth\/\",\"name\":\"World Bank sees Egypt growing 3% in the year ending 30 June \u2014 one of only two MENA countries to post growth - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/world-bank-sees-egypt-growing-3-in-the-year-ending-30-june-one-of-only-two-mena-countries-to-post-growth\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/world-bank-sees-egypt-growing-3-in-the-year-ending-30-june-one-of-only-two-mena-countries-to-post-growth\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/91.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2020-06-09T04:22:31+00:00\",\"dateModified\":\"2025-12-16T08:20:48+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/world-bank-sees-egypt-growing-3-in-the-year-ending-30-june-one-of-only-two-mena-countries-to-post-growth\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/issues\/world-bank-sees-egypt-growing-3-in-the-year-ending-30-june-one-of-only-two-mena-countries-to-post-growth\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/world-bank-sees-egypt-growing-3-in-the-year-ending-30-june-one-of-only-two-mena-countries-to-post-growth\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/91.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/91.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/world-bank-sees-egypt-growing-3-in-the-year-ending-30-june-one-of-only-two-mena-countries-to-post-growth\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Issues\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/AMarchives\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"World Bank sees Egypt growing 3% in the year ending 30 June \u2014 one of only two MENA countries to post growth\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"World Bank sees Egypt growing 3% in the year ending 30 June \u2014 one of only two MENA countries to post growth - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/issues\/world-bank-sees-egypt-growing-3-in-the-year-ending-30-june-one-of-only-two-mena-countries-to-post-growth\/","og_locale":"en_US","og_type":"article","og_title":"World Bank sees Egypt growing 3% in the year ending 30 June \u2014 one of only two MENA countries to post growth","og_url":"https:\/\/enterpriseam.com\/egypt\/issues\/world-bank-sees-egypt-growing-3-in-the-year-ending-30-june-one-of-only-two-mena-countries-to-post-growth\/","og_site_name":"EnterpriseAM Egypt","article_modified_time":"2025-12-16T08:20:48+00:00","twitter_card":"summary_large_image","twitter_image":"https:\/\/i0.wp.com\/ent.news\/2020\/6\/91.jpg?fit=%2C&ssl=1","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/world-bank-sees-egypt-growing-3-in-the-year-ending-30-june-one-of-only-two-mena-countries-to-post-growth\/","url":"https:\/\/enterpriseam.com\/egypt\/issues\/world-bank-sees-egypt-growing-3-in-the-year-ending-30-june-one-of-only-two-mena-countries-to-post-growth\/","name":"World Bank sees Egypt growing 3% in the year ending 30 June \u2014 one of only two MENA countries to post growth - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/world-bank-sees-egypt-growing-3-in-the-year-ending-30-june-one-of-only-two-mena-countries-to-post-growth\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/world-bank-sees-egypt-growing-3-in-the-year-ending-30-june-one-of-only-two-mena-countries-to-post-growth\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2020\/6\/91.jpg?fit=%2C&ssl=1","datePublished":"2020-06-09T04:22:31+00:00","dateModified":"2025-12-16T08:20:48+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/world-bank-sees-egypt-growing-3-in-the-year-ending-30-june-one-of-only-two-mena-countries-to-post-growth\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/issues\/world-bank-sees-egypt-growing-3-in-the-year-ending-30-june-one-of-only-two-mena-countries-to-post-growth\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/world-bank-sees-egypt-growing-3-in-the-year-ending-30-june-one-of-only-two-mena-countries-to-post-growth\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2020\/6\/91.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2020\/6\/91.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/world-bank-sees-egypt-growing-3-in-the-year-ending-30-june-one-of-only-two-mena-countries-to-post-growth\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Issues","item":"https:\/\/enterpriseam.com\/egypt\/AMarchives\/"},{"@type":"ListItem","position":3,"name":"World Bank sees Egypt growing 3% in the year ending 30 June \u2014 one of only two MENA countries to post growth"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}}]}},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/572024","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/issue"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/572024\/revisions"}],"predecessor-version":[{"id":572065,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/572024\/revisions\/572065"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/572025"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=572024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=572024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=572024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}