{"id":572102,"date":"2020-06-11T04:14:18","date_gmt":"2020-06-11T04:14:18","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=572102"},"modified":"2025-12-16T08:23:06","modified_gmt":"2025-12-16T08:23:06","slug":"inflation-has-unexpectedly-cooled-to-a-six-month-low","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/inflation-has-unexpectedly-cooled-to-a-six-month-low\/","title":{"rendered":"Inflation has (unexpectedly) cooled to a six-month low"},"content":{"rendered":"<section id=\"572104\" 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=\"572104\">\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\/11\/what-were-tracking-on-11-june-2020\/\">\r\n                            What we\u2019re tracking on 11 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\/11\/what-were-tracking-on-11-june-2020\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The current ban is due to expire on Sunday.<\/p><p><strong>SMART POLICY- Entry visas for tourists arriving on charter flights will be issued at no <\/strong><strong>charge until 31 October<\/strong>, <a href=\"https:\/\/bit.ly\/30vhMCg\">Cabinet decided yesterday<\/a>. Officials earlier this week said they would <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9f9d6e05-4d54-43f8-9950-948c970373a9\">offer breaks<\/a> on landing, parking and ground-services fees for Red Sea destinations. The government is also planning to cover the cost of treatment for any tourist who contracts the virus while visiting Egypt, unconfirmed reports suggest.<\/p><p><strong>Red Sea destinations will be the first to fully reopen<\/strong>, <a href=\"https:\/\/bit.ly\/2ATtmMO\">Al Mal<\/a> quoted Tourism Minister Khaled El Enany as saying. But don\u2019t expect a mad rush even if there is strong demand: Enany added that he would prefer to keep doling out financial support to the tourism industry rather than prematurely giving hotels the okay to open at full capacity.<\/p><p><strong>Hotels will be capped at 50% occupancy until October<\/strong>, at which time they will likely be allowed to go to 75%.<\/p><p><strong>The Pyramids, Karnak Temple and King Tutankhamun\u2019s tomb will be reopened \u201csoon\u201d <\/strong>with reduced footfall, El Enany <a href=\"https:\/\/bit.ly\/2UwcLoW\">said<\/a>.<\/p><div class=\"stand-out\"><strong>*** How much do you love (or hate) e-learning?<\/strong> The Madbouly government signaled this week that e-learning could be on the menu again this fall \u2014 by itself or as part of a hybrid approach. <strong><a href=\"https:\/\/www.surveymonkey.com\/r\/2LFC6YJ\">Tell us how e-learning is working out in your household<\/a><\/strong> in a poll for our weekly Blackboard focus on education. As is our custom, we\u2019ll draw the names of three respondents who will receive an Enterprise mug and a bag of our favorite 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.<\/div><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\/3cNNFZj\">confirmed<\/a><\/strong><strong> 36 new deaths from covid-19 yesterday<\/strong>, bringing the country\u2019s total death toll to 1,342. Egypt has now disclosed a total of 38,284 confirmed cases of covid-19, after the ministry reported <strong>1,455 new infections yesterday<\/strong>. We now have a total of 11,583 confirmed cases that have since tested negative for the virus after being hospitalized or isolated, of whom 10,289 have fully recovered.<\/p><p><strong>Former GAFI boss Mohsen Adel has died of complications from covid-19<\/strong>, <a href=\"https:\/\/bit.ly\/30uqdh2\">Youm7<\/a> reports. Adel completed a one-year term as chairman of GAFI <a href=\"https:\/\/enterprise.press\/stories\/2019\/07\/30\/mohamed-abdel-wahab-tapped-as-new-head-of-egypts-gafi\/\">in 2019<\/a> and had also <a href=\"https:\/\/enterprise.press\/stories\/2017\/07\/24\/adel-confirmed-as-egx-deputy-head\/\">served<\/a> as deputy head of the Egyptian Exchange.<\/p><p><strong>Foreign appetite for Egyptian sovereign debt is returning -bank sources: <\/strong>Foreign funds bought USD 400 mn of the USD 509 mn on offer at a T-bill auction on Tuesday, state-run news agency <a href=\"https:\/\/bit.ly\/2UuNf3o\">MENA<\/a> said, quoting unnamed banking sources. The report suggests appetite is returning after foreigners dumped more than USD 15 bn in bond holdings amid a wider sell-off in emerging-market assets in March.<\/p><p><strong>Kouchouk chats with top execs from multinationals<\/strong>, telling them that international institutions \u201care confident\u201d of Egypt\u2019s ability to handle the economic repercussions of the pandemic due to the pre-covid-19 economic reform program. That was the key takeaway from Vice Minister of Finance Ahmed Kouchouk in <a href=\"http:\/\/www.mof.gov.eg\/Arabic\/MOFNews\/Press\/Pages\/news10-6-2020.aspx\">a virtual meeting<\/a> hosted by our friends at USAID with global executives.<\/p><p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>Egypt could face employment challenges at home in a post-pandemic world given that <\/strong><strong>70% of Egyptians working abroad are employed in hard-hit Gulf countries<\/strong>, EFG Hermes Head of Research Ahmed Shams ElDin said in a webinar hosted by Khodeir &amp; Partners, <a href=\"https:\/\/bit.ly\/3cU31LI\">Hapi Journal<\/a> reports. Policymakers should focus on creating conditions that allow the private sector to create opportunities through digital transformation and a new focus on logistics services. Healthcare, e-commerce and financial services will be growth sectors going forward, Sham ElDin suggested.<\/p><p><strong>Foreign labor is already being hit hard in the GCC<\/strong>, with Kuwait saying it <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-06-10\/kuwait-plans-to-stop-hiring-foreign-workers-for-its-oil-sector?srnd=premium-middle-east&amp;sref=mmeFTDW1\">will not hire expats<\/a> in 2020-2021 to work at Kuwait Petroleum Corp, the primary state-run energy producer or its subsidiaries. Qatar, meanwhile, said it will <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-06-10\/qatar-cuts-pay-for-foreign-employees-working-for-government?srnd=premium-middle-east&amp;sref=mmeFTDW1\">cut pay and benefits<\/a> for non-nationals working for the statelet\u2019s government.<\/p><p><strong>You migh<\/strong><strong>t want to check if your health insurer covers covid-19: <\/strong>The largest health insurance providers in Egypt, which together hold a 71% market share, cover their clients\u2019 covid-19 treatment costs under full coverage policies, the Financial Regulatory Authority said yesterday in <a href=\"https:\/\/ent.news\/2020\/6\/%D8%A8%D9%8A%D8%A7%D9%86-%D8%A5%D8%B9%D9%84%D8%A7%D9%85%D9%8A.pdf\">a statement (pdf)<\/a>. The remaining 29% should also have full coverage programs that cover the cost of check-ups and early detection of the virus that causes the disease.<\/p><p><strong>The Egyptian Medical Syndicate is calling for the Health Ministry <\/strong><strong><a href=\"https:\/\/bit.ly\/2XN7ZWo\">to step up efforts<\/a><\/strong><strong> to <\/strong><strong>provide frontline workers with personal protective equipment <\/strong>and enhance measures in hospitals as 50 physicians have now died of covid-19.<\/p><p><strong>The <\/strong><strong><a href=\"https:\/\/www.zawya.com\/mena\/en\/legal\/story\/Black_market_for_patient_plasma_emerges_in_Egypt-SNG_176593529\/\">domestic press<\/a><\/strong><strong> claims there is now a black market for the blood plasma of recovered <\/strong><strong>covid patients<\/strong> offering on social media to sell blood for up to EGP 30k a pop.<\/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>Blood type might have something to do with how sick you get from covid-19: <\/strong>Research conducted by genetic testing firm 23andMe with some 750k participants suggest that having O blood may be your best bet at protection from the virus\u2019 worst symptoms according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-06-08\/23andme-provides-more-evidence-that-blood-type-plays-role-in-virus\">Bloomberg<\/a>.<\/p><p><strong>Goldman Sachs <\/strong><strong><a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-goldman-sachs\/goldman-sachs-employees-to-start-returning-to-u-s-offices-from-june-22-idUSKBN23I05X?il=0\">staff are heading back to the office<\/a><\/strong><strong> this month. <\/strong>Some employees in London will start trickling in on 15 June, while others in New York, New Jersey, Texas and Utah test the waters from 22 June.<\/p><p><strong><a href=\"https:\/\/www.nytimes.com\/interactive\/2020\/06\/09\/magazine\/remote-work-covid.html\">But what if working from home goes on forever?<\/a><\/strong> asks the New York Times magazine in our must-read for the weekend.<\/p><p><strong>GLOBAL MACRO<\/strong>-<\/p><p><strong>The US Federal Reserve says it will likely leave rates on hold at close to zero until at least <\/strong><strong>the end of 2022<\/strong> \u2014 and said it would take years for employment levels to return to pre-covid levels. Speaking at the end of its two-day Federal Open Markets Committee meeting, Jay Powell said a surprisingly good jobs report last week was welcome, but that it was \u201ctoo early\u201d to suggest whether the recovery would be stronger than initially expected. In a policy statement that observers said was \u201cmostly unchanged compared to April,\u201d the FOMC said it was \u201ccommitted to using its full range of tools to support the US economy.\u201d Speaking at a post-meeting presser, Powell said \u201c<strong>We\u2019re not thinking about raising rates. We\u2019re not even thinking about thinking about raising rates.<\/strong>\u201d The story dominates business news on both sides of the Atlantic this morning: <a href=\"https:\/\/www.ft.com\/content\/e9d79319-492d-45cb-b491-fd61cc90effc\">Financial Times<\/a> | <a href=\"https:\/\/www.wsj.com\/articles\/fed-debates-how-to-set-policy-for-the-post-pandemic-economy-11591781402?mod=hp_lead_pos1\">Wall Street Journal<\/a> | <a href=\"https:\/\/www.cnbc.com\/2020\/06\/10\/fed-meeting-decision-interest-rates.html\">CNBC<\/a> | <a href=\"https:\/\/www.reuters.com\/article\/us-usa-fed\/fed-vows-to-support-u-s-economys-long-road-to-recovery-after-dire-2020-idUSKBN23H0I3\">Reuters<\/a>.<\/p><p><strong>Our gas hub ambitions are on track to materialize slowly amid projections demand is on <\/strong><strong>course to fall to its lowest level in history this year <\/strong>thanks to the pandemic and to mild temperatures in the first months of the year. That\u2019s the bottom-line conclusion we\u2019re drawing from the <a href=\"https:\/\/www.iea.org\/reports\/gas-2020\">International Energy Agency<\/a>\u2019s 2020 outlook, published yesterday, which sees global demand set to fall by 4% to 3.85 bcm this year, double the decline seen during the 2008 financial crisis. <strong>The IEA sees it taking two years for demand to recover.<\/strong><\/p><p><strong>EGYPT BEYOND COVID- <\/strong><\/p><p><strong>The Tax Authority will extend until 30 September a<\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/847a1ad5-9cd4-4ad0-a5dc-f988a35dc7d5\">mechanism allowing taxpayers<\/a><\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/847a1ad5-9cd4-4ad0-a5dc-f988a35dc7d5\">to unlock assets<\/a><\/strong><strong> frozen due to tax disputes,<\/strong> the authority said in a <a href=\"https:\/\/ent.news\/2020\/6\/%D8%A8%D9%8A%D8%A7%D9%86-%D8%B5%D8%AD%D9%81%D9%8A.pdf\">statement (pdf)<\/a>. Those who have had assets frozen for failure to pay taxes can get them back if they make a downpayment equal to 5% of the amount owed, and commit to paying off the remainder within two years. Those that had missed deadlines to submit appeals or claims for relief can have those deadlines extended provided they pay 1% of the amount owed.<\/p><p><strong>The Youth Ministry is launching a EGP 10 mn Sports Fund to support athletes <\/strong>with contributions from Banque Misr and Beltone Financial, according to <a href=\"https:\/\/alborsaanews.com\/2020\/06\/10\/1355377\">the local press<\/a>.<\/p><p><strong>AND THE REST OF THE WORLD- <\/strong><\/p><p><strong>Big Tech is (kinda-sorta) hitting pause on facial recognition. <\/strong>Amazon will <a href=\"https:\/\/www.reuters.com\/article\/us-amazon-com-facial-recognition\/amazon-pauses-police-use-of-its-facial-recognition-tech-for-a-year-idUSKBN23H3EO\">block US law<\/a><a href=\"https:\/\/www.reuters.com\/article\/us-amazon-com-facial-recognition\/amazon-pauses-police-use-of-its-facial-recognition-tech-for-a-year-idUSKBN23H3EO\">enforcement<\/a> from using its facial recognition technology for a year, while IBM will no longer offer the technology full-stop, becoming the latest to declare the tech <a href=\"https:\/\/www.wired.com\/story\/ibm-withdrawal-wont-mean-end-facial-recognition\/\">\u201ctoo troubling.\u201d<\/a><\/p><p><strong>HSBC backs China\u2019s Hong Kong security law \u2014 and the US and UK are not <\/strong><strong>happy:<\/strong> HSBC has broken with years of neutrality after a top executive signed a petition in favor of the controversial security law China is preparing to impose on Hong Kong, angering officials in London and Washington, the <a href=\"https:\/\/www.ft.com\/content\/cc35f8e2-83af-4225-826c-b2d99e51ee5e\">Financial Times<\/a> reports.<\/p><p class=\"web-image\"><a href=\"https:\/\/bit.ly\/3hfYFly\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/Hoda-Mansour-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p><p><strong>It\u2019s Making It day:<\/strong> Our latest episode of the second season of our podcast on building a great business in Egypt is out today.<\/p><p><strong>Hoda Mansour, Managing Director of SAP Egypt and Frontier Markets: <\/strong>Twice recognized by Forbes as one of the top businesswomen in the Middle East, her tenure in Egypt saw her record the multinational\u2019s best performance since launching local operations by expanding SAP\u2019s role in government projects and growing its SME customer base.<\/p><p><strong>SAP makes the unglamorous software on which Big Business runs<\/strong>, integrating key functions including procurement, finance, logistics, and human resources, all with a view to ensuring business leaders have actionable insights into what\u2019s going on in their organizations.<\/p><p><strong>There\u2019s plenty of opportunity for multinationals in Egypt who are ready to invest in <\/strong><strong>training local staff<\/strong>, Mansour tells us. She credits SAP\u2019s success to hiring talent based on a prospective employee\u2019s experience in other sectors and then upskill their coding skills.<\/p><p><strong>Tap or click to listen to the episode on: <\/strong><a href=\"https:\/\/enterprise.press\/podcast\/\">Our website<\/a> or your podcatcher of choice <a href=\"https:\/\/podkite.link\/making-it\">here<\/a>. We\u2019re also available on <a href=\"https:\/\/open.spotify.com\/show\/5kp07MwlL0pk8W8i7thpgB\">Spotify<\/a>, but only for non-MENA accounts.<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/efg-hermes\/\">EFG Hermes<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/international-energy-agency\/\">International Energy Agency<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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         class=\"\r\n                story-section            \"\r\n            id=\"572106\">\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\/11\/egypt-sudan-and-ethiopias-gerd-talks-lead-the-conversation-on-the-airwaves\/\">\r\n                            Egypt, Sudan, and Ethiopia\u2019s GERD talks lead the conversation on the airwaves                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n    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href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2020\/06\/11\/egypt-sudan-and-ethiopias-gerd-talks-lead-the-conversation-on-the-airwaves\/&title=Egypt, Sudan, and Ethiopia\u2019s GERD talks lead the conversation on the 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=Egypt%2C+Sudan%2C+and+Ethiopia%E2%80%99s+GERD+talks+lead+the+conversation+on+the+airwaves+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F06%2F11%2Fegypt-sudan-and-ethiopias-gerd-talks-lead-the-conversation-on-the-airwaves%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            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airwaves.<\/p>\n<p><strong>Irrigation Ministry spokesman Mohamed El Sebai gave Yahduth fi Misr a somber recap of yesterday\u2019s negotiations<\/strong>, which are set to continue until Saturday (<a href=\"https:\/\/www.youtube.com\/watch?v=LQA4hSVwNw4&t=1s\">watch, runtime: 1:29<\/a>). We have the details in this morning\u2019s Speed Round, below.<\/p>\n<p><strong>Ethiopia\u2019s obstinacy and \u201cshow of power\u201d on matters pertaining to the dam will eventually have adverse effects for Addis Ababa<\/strong>, political commentator Mostafa El Fekky told Yahduth fi Misr\u2019s Sherif Amer in their weekly political analysis sit-down. El Fekky slammed Ethiopia\u2019s approach to the negotiations as being diplomatically inappropriate, and called for international mediation in future talks (<a href=\"https:\/\/www.youtube.com\/watch?v=cXwUmMpB9DE\">watch, runtime: 3:56<\/a>).<\/p>\n<p><strong>Private hospitals are for the most part sticking to the Health Ministry\u2019s mandatory pricing scheme for covid-19 treatment services<\/strong>, and reports of the contrary are \u201cvery limited,\u201d spokesman of the Federation of Egyptian Industries\u2019 private sector healthcare division Ahmed Nazih told Masaa DMC\u2019s Ramy Radwan (<a href=\"https:\/\/www.youtube.com\/watch?v=17asQcCuO1I\">watch, runtime: 5:07<\/a>). Nazih didn\u2019t have any updates on earlier reports that the ministry had agreed to amend the pricing scheme after meeting with representatives from private hospitals complaining the prices were untenable.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/ethiopia\/\">Ethiopia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gerd\/\">GERD<\/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=\"572107\" 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=\"572107\">\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\/11\/egypts-inflation-decelerated-in-may-to-4-7-below-expectations\/\">\r\n                            Egypt\u2019s inflation decelerated in May to 4.7%, below expectations                        <\/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\/11\/egypts-inflation-decelerated-in-may-to-4-7-below-expectations\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img 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class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt%E2%80%99s+inflation+decelerated+in+May+to+4.7%25%2C+below+expectations+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F06%2F11%2Fegypts-inflation-decelerated-in-may-to-4-7-below-expectations%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\/11\/egypts-inflation-decelerated-in-may-to-4-7-below-expectations\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/133.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"572108\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/11\/egypts-inflation-decelerated-in-may-to-4-7-below-expectations\/133-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/133.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"133.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/133.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/133.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572107\" class=\"content-area-description single-story post-572107 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round tag-allen-sandeep tag-capmas tag-enterpriseam tag-inflation tag-naeem-holding tag-pharos-investment-bank tag-radwa-el-swaify tag-speed-round wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>We caught a break: I<\/strong><strong>nfla<\/strong><strong>tion cools to six-month low: <\/strong>Annual urban inflation in May slowed to its lowest level since <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/11\/inflation-rises-for-the-first-time-in-six-months-in-november-8270\/\">November<\/a>, dropping to 4.7% from <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a53e67cb-ab77-417d-a85e-d21ff4469016\">5.9% in April<\/a>, according to data from state statistics agency <a href=\"https:\/\/www.capmas.gov.eg\/Pages\/ShowHmeNewsPDF.aspx?page_id=\/Admin\/News\/PressRelease\/202061082451_05-2020.pdf&Type=News\">Capmas<\/a>.<\/p>\n<p><strong>Food and beverage prices continue to be the main drivers:<\/strong> Food prices fell 0.7% on an annual basis during the month \u2014 in a reversal to the 4.4% spike in April \u2014 and 0.4% on a monthly basis.<\/p>\n<p><strong>Core inflation falls:<\/strong> Annual core inflation fell to 1.5% in May from 2.5% in April, while monthly core prices fell to 0.3% from 1% the month before, according to figures released by the <a href=\"https:\/\/ent.news\/2020\/6\/CPI_press-release_May-2020-1.pdf\">Central Bank of Egypt (pdf)<\/a>.<\/p>\n<p><strong>Figures came in lower than expected, paving the way for <9% annual inflation:<\/strong> \u201cThe May inflation figures are lower than expected because of the drop in food and beverage prices after Ramadan,\u201d Radwa El Swaify, head of research at Pharos Investment Bank, told Enterprise. \u201cWe expect June figures to rise to 6% an annual basis, drop to 5.5% over July and August, and reach 6.5% for September and October, and 7-7.5% for November and December, to the end the year below the CBE\u2019s 9% target.\u201d Capital Economics also said in a <a href=\"https:\/\/ent.news\/2020\/6\/Capital-Economics-Egypt-Consumer-Prices-May-2020.pdf\">statement (pdf)<\/a> that they expect the headline rate to fall within the CBE\u2019s target range, even as the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ef0136fa-9974-4a58-851d-82277c8e2972\">EGP weakening<\/a> against the greenback and the recent announcement of <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/78b3ac0c-8571-47a4-802c-abf1b65a5044\">electricity price hikes<\/a> are likely to drive up inflation.<\/p>\n<p><strong>Effect of higher electricity prices, FX rate might still be muted:<\/strong> Prime Holding Senior Economist Mona Bedeir doesn\u2019t expect the electricity price hikes and FX rate to have much of an effect on 2H2020 inflation readings, however. Bedeir notes the currency had seen some appreciation earlier in the year that will help offset the recent dip, and commercial and industrial consumers were exempt from the electricity price hikes, \u201cwhich will limit the probability of a second-round effect on final prices.\u201d<\/p>\n<p><strong>Leeway for more rate cuts? <\/strong>Analysts are divided on what this means as the central bank meets a week from today to discuss interest rates. Pharos El Swaify sees rates being left on hold as does Naeem\u2019s Allen Sandeep, who expects \u201cthe status quo to continue\u201d despite the CBE now having a little more theoretical room to cut rates. Capital Economics, however, said that \u201cwith policymakers\u2019 focus shifting away from supporting the EGP to boosting the economy, we expect interest rate cuts to resume in the coming months.\u201d<\/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\/allen-sandeep\/\">Allen Sandeep<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/capmas\/\">CAPMAS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/inflation\/\">inflation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/naeem-holding\/\">Naeem Holding<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pharos-investment-bank\/\">Pharos Investment Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/radwa-el-swaify\/\">Radwa El Swaify<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/speed-round\/\">SPEED ROUND<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"572118\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"572119\" 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=\"572119\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">THE MACRO PICTURE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/11\/where-does-the-global-economy-go-from-here-the-oecd-is-out-with-two-scenarios-and-neither-are-particularly-good\/\">\r\n                            Where does the global economy go from here? The OECD is out with two scenarios, and neither are particularly good.                        <\/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\/11\/where-does-the-global-economy-go-from-here-the-oecd-is-out-with-two-scenarios-and-neither-are-particularly-good\/\" 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\/11\/where-does-the-global-economy-go-from-here-the-oecd-is-out-with-two-scenarios-and-neither-are-particularly-good\/')\">\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\/11\/where-does-the-global-economy-go-from-here-the-oecd-is-out-with-two-scenarios-and-neither-are-particularly-good\/\">\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=Where does the global economy go from here? The OECD is out with two scenarios, and neither are particularly good.&url=https:\/\/enterpriseam.com\/egypt\/2020\/06\/11\/where-does-the-global-economy-go-from-here-the-oecd-is-out-with-two-scenarios-and-neither-are-particularly-good\/\">\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\/11\/where-does-the-global-economy-go-from-here-the-oecd-is-out-with-two-scenarios-and-neither-are-particularly-good\/&title=Where does the global economy go from here? The OECD is out with two scenarios, and neither are particularly good.\">\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=Where+does+the+global+economy+go+from+here%3F+The+OECD+is+out+with+two+scenarios%2C+and+neither+are+particularly+good.+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F06%2F11%2Fwhere-does-the-global-economy-go-from-here-the-oecd-is-out-with-two-scenarios-and-neither-are-particularly-good%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\/11\/where-does-the-global-economy-go-from-here-the-oecd-is-out-with-two-scenarios-and-neither-are-particularly-good\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/137.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"572120\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/11\/where-does-the-global-economy-go-from-here-the-oecd-is-out-with-two-scenarios-and-neither-are-particularly-good\/137-jpg-12\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/137.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"137.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/137.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/137.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572119\" class=\"content-area-description single-story post-572119 post type-post status-publish format-standard has-post-thumbnail hentry category-the-macro-picture tag-covid-19 tag-economy tag-employment tag-enterpriseam tag-gdp tag-oecd tag-pandemic tag-the-macro-picture 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>Where does the global economy go from here? The OECD is out with two <\/strong><strong>scenarios, and neither is particularly good.<\/strong> The global economy is on course to contract by 6% this year but if a second wave hits before the end of the year activity will tank even further, falling by 7.6%, the OECD said in its latest <a href=\"https:\/\/www.oecd.org\/economic-outlook\/\">Economic Outlook<\/a>. Unemployment in OECD countries is currently on track to rise to 9.2% before the end of the year, but in the second scenario the jobless count will double to 10%. The numbers are far worse than those <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a2ecf97e-8c74-428f-843c-0559f5b1540f\">put out in April by the IMF<\/a>, which forecast global growth to contract by 3% this year.<\/p>\n<p><strong>No good options:<\/strong> Whatever trajectory the virus takes from here, it\u2019s going to take a long time for the global economy to properly find its feet and living standards to return to pre-pandemic levels. While the OECD expects a rapid bounce-back in growth in early 2021, it doesn\u2019t believe this will be sustained, with economic activity in OECD countries slipping back through the rest of the year. \u201cMost people see a V-shaped recovery, but we think it\u2019s going to stop halfway\u201d the <a href=\"https:\/\/www.ft.com\/content\/498b43bf-4813-40f8-9953-022e0d7820b5\">Financial Times<\/a> quoted OECD chief economist, Laurence Boone, as saying. \u201cBy the end of 2021, the loss of income exceeds that of any previous recession over the last 100 years outside wartime, with dire and long-lasting consequences for people, firms and governments.\u201d<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/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\/gdp\/\">GDP<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/oecd\/\">OECD<\/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\/the-macro-picture\/\">THE MACRO PICTURE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"572121\" 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=\"572121\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/11\/egypt-in-the-news-on-11-june-2020\/\">\r\n                            Egypt in the News on 11 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\/11\/egypt-in-the-news-on-11-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\/11\/egypt-in-the-news-on-11-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\/11\/egypt-in-the-news-on-11-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 11 June 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/06\/11\/egypt-in-the-news-on-11-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\/11\/egypt-in-the-news-on-11-june-2020\/&title=Egypt in the News on 11 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+11+June+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F06%2F11%2Fegypt-in-the-news-on-11-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\/11\/egypt-in-the-news-on-11-june-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572121\" class=\"content-area-description single-story post-572121 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-archaeology tag-egypt-in-the-news tag-enterpriseam tag-giulio-regeni tag-italy tag-khaled-el-anany tag-tourism tag-trade wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Egypt\u2019s efforts to reopen its tourist sector is getting ink this morning: <\/strong><a href=\"https:\/\/www.dailymail.co.uk\/travel\/travel_news\/article-8405061\/Egypt-cleans-sites-beaches-prepares-return-tourism.html\">AFP<\/a> covers the health and safety measures put into place in hotels, and the reopening of archaeological sites and beaches.<\/p>\n<p><strong>Regeni investigation weighs on Italian warship sale:<\/strong> Italy is still \u201cweighing\u201d its <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e488a450-0c7d-4aaf-a4ae-99a7f0b5525d\">EUR<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e488a450-0c7d-4aaf-a4ae-99a7f0b5525d\">1.2 bn sale<\/a> of two warships to Egypt as the government faces criticism over minimal progress in the investigation into Italian PhD student Giulio Regeni\u2019s murder in 2016, according to <a href=\"https:\/\/www.reuters.com\/article\/us-italy-egypt-fincantieri\/italy-weighs-warships-to-egypt-deal-after-student-murder-idUSKBN23H2V4\">Reuters<\/a>. The <a href=\"https:\/\/www.telegraph.co.uk\/news\/2020\/06\/09\/parents-murdered-cambridge-graduate-dismayed-italys-plans-sell\/\">Telegraph<\/a> also has the story.<\/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\/archaeology\/\">archaeology<\/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\/giulio-regeni\/\">Giulio Regeni<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/italy\/\">Italy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/khaled-el-anany\/\">Khaled El Anany<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"572122\" 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=\"572122\">\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\/11\/turkey-rejects-egypts-ceasefire-proposal-for-libya-wto-leadership-battle-usd-249-mn-for-sinai-development\/\">\r\n                            Turkey rejects Egypt\u2019s ceasefire proposal for Libya; WTO leadership battle + USD 249 mn for Sinai 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\/11\/turkey-rejects-egypts-ceasefire-proposal-for-libya-wto-leadership-battle-usd-249-mn-for-sinai-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\/11\/turkey-rejects-egypts-ceasefire-proposal-for-libya-wto-leadership-battle-usd-249-mn-for-sinai-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\/11\/turkey-rejects-egypts-ceasefire-proposal-for-libya-wto-leadership-battle-usd-249-mn-for-sinai-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=Turkey rejects Egypt\u2019s ceasefire proposal for Libya; WTO leadership battle + USD 249 mn for Sinai development&url=https:\/\/enterpriseam.com\/egypt\/2020\/06\/11\/turkey-rejects-egypts-ceasefire-proposal-for-libya-wto-leadership-battle-usd-249-mn-for-sinai-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\/11\/turkey-rejects-egypts-ceasefire-proposal-for-libya-wto-leadership-battle-usd-249-mn-for-sinai-development\/&title=Turkey rejects Egypt\u2019s ceasefire proposal for Libya; WTO leadership battle + USD 249 mn for Sinai 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=Turkey+rejects+Egypt%E2%80%99s+ceasefire+proposal+for+Libya%3B+WTO+leadership+battle+%2B+USD+249+mn+for+Sinai+development+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F06%2F11%2Fturkey-rejects-egypts-ceasefire-proposal-for-libya-wto-leadership-battle-usd-249-mn-for-sinai-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\/11\/turkey-rejects-egypts-ceasefire-proposal-for-libya-wto-leadership-battle-usd-249-mn-for-sinai-development\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572122\" class=\"content-area-description single-story post-572122 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-arab-fund-for-economic-and-social-development tag-diplomacy tag-diplomacy-foreign-trade tag-enterpriseam tag-khalifa-haftar tag-kuwait-fund-for-arab-economic-development tag-libya tag-ngozi-okonjo-iweala tag-nigeria tag-politics tag-south-korea tag-turkey tag-war tag-world-trade-organization wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Shocking exactly nobody, Turkey has dismissed <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/38833ec4-0b6c-42b6-8d9d-2d74307b8f57\">Egypt\u2019s proposal<\/a><\/strong><strong> for a ceasefire in <\/strong><strong>Libya.<\/strong> Turkish Foreign Minister Mevlut Cavusoglu said the call for a ceasefire \u201cdoes not seem sincere and credible,\u201d describing the agreement as \u201cstillborn\u201d because it has not been accepted by both sides, according to <a href=\"https:\/\/www.hurriyetdailynews.com\/haftars-cairo-statement-for-ceasefire-in-libya-stillborn-turkish-fm-155527\">Hurriyet<\/a>.<\/p>\n<p><strong>The Donald had nicer things to say, <\/strong>praising Egypt\u2019s efforts to reach a ceasefire agreement on a call with President Abdel Fattah El Sisi yesterday, <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/902226863630028?__tn__=%2CO*F\">Ittihadiya said<\/a>.<\/p>\n<p>Meanwhile:<\/p>\n<ul>\n<li><strong>Two-way WTO race? <\/strong>The World Trade Organization (WTO) <a href=\"https:\/\/twitter.com\/wto\/status\/1270382450259234820\">has acknowledged<\/a> former Nigerian finance minister Ngozi Okonjo Iweala\u2019s candidacy to become the new director-general of the international trade body. Egypt has <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ef33853e-9853-42a9-9371-3fd0ae15cd0e\">nominated Abdel Hamid Mamdouh<\/a>, an Egyptian-Swiss lawyer, former trade negotiator for Egypt and an ex-WTO official, for the post.<\/li>\n<li><strong>Egypt has inked a USD 249 mn loan for Sinai Development <\/strong>from the Arab Fund for Economic and Social Development. Funding will be used to build the USD 1 bn Bahr El Baqar water treatment system<\/li>\n<li><strong>The House of Representatives has approved a USD 2.9 mn grant <\/strong>from South Korea to <a href=\"https:\/\/bit.ly\/2UvMcQX\">create an intellectual property database<\/a>.<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/arab-fund-for-economic-and-social-development\/\">Arab Fund for Economic and Social Development<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy-foreign-trade\/\">Diplomacy + Foreign Trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/khalifa-haftar\/\">Khalifa Haftar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/kuwait-fund-for-arab-economic-development\/\">Kuwait Fund for Arab Economic Development<\/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\/ngozi-okonjo-iweala\/\">Ngozi Okonjo-Iweala<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/nigeria\/\">Nigeria<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/politics\/\">politics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/south-korea\/\">South Korea<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/turkey\/\">Turkey<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/war\/\">war<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-trade-organization\/\">World Trade Organization<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"572123\" 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=\"572123\">\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\">Basic Materials + Commodities<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/11\/state-grain-buyer-gasc-has-purchased-120k-tonnes-of-russian-wheat\/\">\r\n                            State grain buyer GASC has purchased 120k tonnes of Russian wheat                        <\/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\/11\/state-grain-buyer-gasc-has-purchased-120k-tonnes-of-russian-wheat\/\" 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\/11\/state-grain-buyer-gasc-has-purchased-120k-tonnes-of-russian-wheat\/')\">\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\/11\/state-grain-buyer-gasc-has-purchased-120k-tonnes-of-russian-wheat\/\">\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=State grain buyer GASC has purchased 120k tonnes of Russian wheat&url=https:\/\/enterpriseam.com\/egypt\/2020\/06\/11\/state-grain-buyer-gasc-has-purchased-120k-tonnes-of-russian-wheat\/\">\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\/11\/state-grain-buyer-gasc-has-purchased-120k-tonnes-of-russian-wheat\/&title=State grain buyer GASC has purchased 120k tonnes of Russian wheat\">\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=State+grain+buyer+GASC+has+purchased+120k+tonnes+of+Russian+wheat+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F06%2F11%2Fstate-grain-buyer-gasc-has-purchased-120k-tonnes-of-russian-wheat%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\/11\/state-grain-buyer-gasc-has-purchased-120k-tonnes-of-russian-wheat\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572123\" class=\"content-area-description single-story post-572123 post type-post status-publish format-standard hentry category-basic-materials-commodities tag-basic-materials-commodities tag-enterpriseam tag-food-security tag-foreign-reserves tag-gasc tag-russia tag-ukraine tag-wheat wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>State grain buyer GASC purchased yesterday 120k tonnes of Russian wheat, according to <a href=\"https:\/\/ara.reuters.com\/article\/businessNews\/idARAKBN23H28S\">Reuters<\/a>. The shipment will bring Egypt\u2019s total wheat imports during the local harvest season to 600k tonnes, inching the country closer towards its <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2c57e2b6-a822-479c-b98c-fe3a414b6787\">800k tonne target<\/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\/basic-materials-commodities\/\">Basic Materials + Commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/food-security\/\">food security<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/foreign-reserves\/\">foreign reserves<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gasc\/\">GASC<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ukraine\/\">Ukraine<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/wheat\/\">wheat<\/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=\"572124\" 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=\"572124\">\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\">Manufacturing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/11\/smart-paper-co-invests-egp-1-bn-in-food-processing-complex-in-beheira\/\">\r\n                            Smart Paper Co invests EGP 1 bn in food processing complex in Beheira                        <\/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\/11\/smart-paper-co-invests-egp-1-bn-in-food-processing-complex-in-beheira\/\" 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\/11\/smart-paper-co-invests-egp-1-bn-in-food-processing-complex-in-beheira\/')\">\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\/11\/smart-paper-co-invests-egp-1-bn-in-food-processing-complex-in-beheira\/\">\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=Smart Paper Co invests EGP 1 bn in food processing complex in Beheira&url=https:\/\/enterpriseam.com\/egypt\/2020\/06\/11\/smart-paper-co-invests-egp-1-bn-in-food-processing-complex-in-beheira\/\">\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\/11\/smart-paper-co-invests-egp-1-bn-in-food-processing-complex-in-beheira\/&title=Smart Paper Co invests EGP 1 bn in food processing complex in Beheira\">\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=Smart+Paper+Co+invests+EGP+1+bn+in+food+processing+complex+in+Beheira+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F06%2F11%2Fsmart-paper-co-invests-egp-1-bn-in-food-processing-complex-in-beheira%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\/11\/smart-paper-co-invests-egp-1-bn-in-food-processing-complex-in-beheira\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572124\" class=\"content-area-description single-story post-572124 post type-post status-publish format-standard hentry category-manufacturing tag-enterpriseam tag-food tag-manufacturing wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a href=\"https:\/\/smartpaper-eg.com\/\">Smart Paper Co<\/a> is investing over EGP 1 bn in a food processing complex in Beheira, which will mark the paper manufacturing company\u2019s foray into the food industry, Chairman Mohamed Ashour tells <a href=\"https:\/\/bit.ly\/3hfcuRi\">Al Mal<\/a>. The complex will include seven factories to produce pasta, egg cartons, juice, and vegetable oil, among other goods. The first phase is slated for completion this year, and the second phase will be complete by the end of 2024.<\/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\/food\/\">food<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"572125\" 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=\"572125\">\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\">My Morning Routine<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/11\/my-wfh-routine-ismail-selim-director-of-the-crcica\/\">\r\n                            My WFH Routine: Ismail Selim, director of the CRCICA                        <\/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\/11\/my-wfh-routine-ismail-selim-director-of-the-crcica\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Speaking to us this week is <a href=\"https:\/\/www.linkedin.com\/in\/ismail-selim-8a3aa133\/\">Ismail Selim<\/a>, director of the <a href=\"https:\/\/crcica.org\/Default.aspx\">CRCICA<\/a>, an independent organization responsible for domestic and international commercial arbitration, and the oldest arbitration center in Africa and the Middle East.<\/p>\n<p><strong>My name is Ismail Selim<\/strong> and I\u2019m the director of the Cairo Regional Centre for International Commercial Arbitration (CRCICA). I\u2019ve been fortunate to travel widely and be connected to different cultures all my life. My father was a diplomat, so as a child I lived in Egypt, Geneva, the Ivory Coast, and China, and then I did my PhD in France. The CRCICA is based in Cairo, but I work with people all over the world \u2014 notably within the region and in sub-Saharan Africa.<\/p>\n<p><strong>My role comprises legal work and admin work at the same time. <\/strong>International commercial arbitration is a process of dispute resolution, and the CRCICA is like a private court chosen by the parties to settle commercial issues. Our community of arbitrators are like the judges and I\u2019m like the justice minister. I don\u2019t decide upon cases, but I have to take all the decisions to make sure they are administered properly. So I decide whether to register a case, and I oversee all the services related to it: admin, appointment of the arbitrators, financial services, the relationship with the lawyers defending the parties, coordinating with tribunals in the state courts that enforce the awards rendered. I also work with arbitration centers around the world to promote best practice, which usually requires frequent travel. And we organize training courses and conferences at the CRCICA. These are just a few of the hats I wear.<\/p>\n<p><strong>Thanks to technology, we\u2019ve been able to organize virtual or semi-virtual hearings during the lockdown.<\/strong> So for example the tribunal might be sitting in our hearing rooms, but the parties might speak from their offices through Zoom or Microsoft Teams. And we might have lawyers sitting in different rooms in the center, because we can\u2019t have more than a certain number of people in the room to ensure social distancing.<\/p>\n<p><strong>Working from home has reduced my commuting time, but I get more daytime interruptions from my children.<\/strong> I still wake up early, around 6:30am, and start work before working hours. Most of the day I\u2019m on my computer or on Microsoft Teams. I only go out two days a week to the CRCICA, where I meet with people. There I\u2019ve enforced mask wearing, and everyone uses sanitizer. WFH has given me the chance to spend more time with my wife and three children, which is something I always missed because of my heavy travel schedule.<\/p>\n<p><strong>Last year, I fainted in Siwa and it was a turning point for my health.<\/strong> A doctor said I needed to change my lifestyle, so since January I\u2019ve been dieting and exercising every day. I now start the day with a cup of hot water and lemon, followed by a breakfast of salad with chia seeds and apple vinegar. Generally I\u2019ve substituted tea for ginger tea, but occasionally I might have a cappuccino if I need a pick-me-up. I eat much earlier in the day than before, and I\u2019ve cut out carbohydrates and soft drinks. And in the evening after work, I ride my bike in our compound or work out in the gym with my daughter.<\/p>\n<p><strong>Staying up to date on the Egyptian economy is vital for my work.<\/strong> I\u2019m used to reading Al Mal every day. Enterprise is a recent discovery for me, and reading about the Egyptian economy and the companies operating here with added international context interests me greatly.<\/p>\n<p><strong>The covid-19 crisis has actually allowed us to highlight the value of arbitration.<\/strong> During the period where state courts were closed, we held our virtual hearings and everything ran very efficiently. We\u2019ve been able to show that the CRCICA is a very cost-effective alternative to arbitration centers in the big European capitals \u2014 which is relevant to small and medium-sized businesses in particular. Unfortunately, disputes will arise out of covid-19 because there are businesses that simply won\u2019t be able to fulfil their contracts. We will keep supporting dispute resolution through arbitration and through our mediation services.<\/p>\n<p><strong>What do I really miss during lockdown? Going to the movies.<\/strong> The movies I\u2019ve most enjoyed watching recently were <a href=\"https:\/\/www.imdb.com\/title\/tt10443808\/\">Al Mamar<\/a> and the remake of <a href=\"https:\/\/www.imdb.com\/title\/tt6105098\/\">The Lion King<\/a>. Both were extremely well produced.<\/p>\n<p><strong>I also can\u2019t wait to travel to Europe again.<\/strong> I used to go abroad at least once a month, so this is definitely something I miss.<\/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\/law\/\">law<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/my-morning-routine\/\">MY MORNING ROUTINE<\/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=\"572127\" 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=\"572127\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/11\/the-market-yesterday-107\/\">\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\/11\/the-market-yesterday-107\/\" 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\/11\/the-market-yesterday-107\/')\">\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\/11\/the-market-yesterday-107\/\">\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\/11\/the-market-yesterday-107\/\">\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\/11\/the-market-yesterday-107\/&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%2F11%2Fthe-market-yesterday-107%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\/11\/the-market-yesterday-107\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572127\" class=\"content-area-description single-story post-572127 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 16.13 | Sell 16.23<\/p>\n<p> <strong>EGP \/ USD at CIB:<\/strong> Buy 16.13 | Sell 16.23<br \/>\n <strong>EGP \/ USD at NBE: <\/strong>Buy 16.12 | Sell 16.22<\/p>\n<p><strong>EGX30<\/strong> (Wednesday): 10,934 (-1.2%)<br \/>\n <strong>Turnover:<\/strong> EGP 911 mn (21% above the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: -21.7%<\/p>\n<p><strong>THE MARKET ON WEDNESDAY:<\/strong> The EGX30 ended Wednesday\u2019s session down 1.2%. CIB, the index\u2019s heaviest constituent, ended down 1.8%. EGX30\u2019s top performing constituents were Egyptian Resorts up 3.8%, Cleopatra Hospital up 3.5%, and Telecom Egypt up 3.1%. Yesterday\u2019s worst performing stocks were Eastern Company down 3.1%, Ezz Steel down 2.6% and Dice down 2.4%. The market turnover was EGP 911 mn, and domestic investors were the sole net buyers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Short | EGP -127.9 mn<br \/>\n <strong>Regional<\/strong>: Net Short | EGP -14.3 mn<br \/>\n <strong>Domestic<\/strong>: Net Long | EGP +142.1 mn<\/p>\n<p><strong>Retail<\/strong>: 60.8% of total trades | 59.2% of buyers | 62.3% of sellers<br \/>\n <strong>Institutions<\/strong>: 39.2% of total trades | 40.8% of buyers | 37.7% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 39.14 (+0.51%)<br \/>\n <strong>Brent:<\/strong> USD 41.26 (+0.19%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 1.79 MMBtu, (+1.36%, July 2020 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,747.90 \/ troy ounce (+1.51%)<\/p>\n<p><strong>TASI:<\/strong> 7,328.09 (-0.02%) (YTD: -12.65%)<br \/>\n <strong>ADX:<\/strong> 4,331.27 (-0.02%) (YTD: -14.67%)<br \/>\n <strong>DFM:<\/strong> 2,124.99 (+0.02%) (YTD: -23.14%)<br \/>\n <strong>KSE Premier Market:<\/strong> 5,529.73 (-1.75%)<br \/>\n <strong>QE:<\/strong> 9,186.11 (-0.78%) (YTD: -11.89%)<br \/>\n <strong>MSM:<\/strong> 3,524.85 (+0.04%) (YTD: -11.46%)<br \/>\n <strong>BB: <\/strong>1,282.55 (+0.11%) (YTD: -20.35%)<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-market-yesterday\/\">The Market Yesterday<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"572128\" 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\/11\/572128\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572128\" class=\"content-area-description single-story post-572128 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>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\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":572103,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-572102","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"06b170d0-8315-44c5-98fb-d4fe757f71ef","teaser":"","photo_url":"https:\/\/ent.news\/2020\/6\/127.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>Inflation has (unexpectedly) cooled to a six-month low - 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\/inflation-has-unexpectedly-cooled-to-a-six-month-low\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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