{"id":572377,"date":"2020-06-23T04:36:03","date_gmt":"2020-06-23T04:36:03","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=572377"},"modified":"2025-12-16T08:32:43","modified_gmt":"2025-12-16T08:32:43","slug":"mena-execs-are-optimistic-about-egypt-ey-survey-finds","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/mena-execs-are-optimistic-about-egypt-ey-survey-finds\/","title":{"rendered":"MENA execs are optimistic about Egypt, EY survey finds"},"content":{"rendered":"<section id=\"572379\" 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=\"572379\">\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\/23\/what-were-tracking-on-23-june-2020\/\">\r\n                            What we\u2019re tracking on 23 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\/23\/what-were-tracking-on-23-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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Have you made plans yet? Judging from the record number of email auto-replies we\u2019ve gotten the past two Sundays, it looks like plenty of you have slipped into three-day weekend mode for summer.<\/p><p><strong>SIGN OF THE TIMES- <\/strong><strong>EFG Hermes has kicked off its first-ever virtual investment <\/strong><strong>conference<\/strong><strong>:<\/strong> The investment bank is holding a six-day Virtual Investor Conference, which kicked off yesterday and wraps on 30 June, allowing executives from 72 companies to connect with more than 480 investors with USD 15 tn in assets under management. You can check out the firm\u2019s press release <a href=\"https:\/\/ent.news\/2020\/6\/EFG-PR-Virtual-Investor-Conference-ENG.pdf\">here (pdf)<\/a> or <a href=\"https:\/\/virtualconference.efghermes.com\/pages\/home.aspx\">visit the conference website here<\/a>.<\/p><p><strong>The CBE will meet to review interest rates<\/strong> on Thursday, 25 June. <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/09a2283f-8242-4243-8760-1733ae605c24\">Our poll earlier this week<\/a> showed consensus among analysts that the central bank\u2019s Monetary Policy Committee will leave rates where they are for the third consecutive meeting. A <a href=\"https:\/\/www.reuters.com\/article\/us-egypt-cenbank\/egypt-seen-keeping-rates-on-hold-even-as-inflation-dips-reuters-poll-idUSKBN23T2VE\">Reuters poll<\/a> published yesterday found similar results.<\/p><p><strong>The IMF\u2019s executive board will meet on Friday<\/strong> to discuss Egypt\u2019s request for a USD 5.2 bn standby facility, according to the fund\u2019s calendar.<\/p><p><strong>Three things to watch for today:<\/strong><\/p><p><strong>The still-unfolding saga of GERD<\/strong>, where we have appealed to the UN Security Council to get involved. More likely to make headlines today are <strong>any new developments in Libya<\/strong>. France accused Turkey late yesterday of playing a <a href=\"https:\/\/www.france24.com\/en\/20200622-france-s-macron-accuses-turkey-of-playing-a-dangerous-game-in-libya\">\u201cdangerous game\u201d<\/a> on our western border and a <a href=\"https:\/\/www.trtworld.com\/africa\/libya-egypt-s-military-threat-is-a-declaration-of-war-37464\">mouthpiece<\/a> for the Nutter in Ankara declared that its proxy in Libya saw \u201cEgypt\u2019s military threat [as] a declaration of war.\u201d The US has expressed support for Cairo-brokered peace talks and <a href=\"https:\/\/twitter.com\/WHNSC\/status\/1274866350075392000\">urged<\/a> an immediate ceasefire, as have Germany and Italy, who fear a new influx in migrants if tensions escalate any further, according to the <a href=\"https:\/\/apnews.com\/3f24202b3676376dfc2ee2392e182a5e\">Associated Press<\/a>.<\/p><p><strong>On the markets front: <\/strong>Stock futures have recovered after swooning earlier in the night when White House trade advisor <a href=\"https:\/\/www.cnbc.com\/2020\/06\/22\/stock-market-futures-open-to-close-news.html\">Peter Navarro said<\/a><strong><a href=\"https:\/\/www.cnbc.com\/2020\/06\/22\/stock-market-futures-open-to-close-news.html\">the US trade pact with China was \u201cover.\u201d<\/a><\/strong> Futures recovered after Navarro walked back his remarks. Asian markets are mixed in early trading and stock futures now paint a similar picture for Europe and the US when shares start changing hands later today.<\/p><hr class=\"grey-line\"><p><strong>COVID-19 IN EGYPT-<\/strong><\/p><p><strong>The Health Ministry <\/strong><strong><a href=\"https:\/\/bit.ly\/3eBG5Cs\">confirmed<\/a><\/strong><strong> 85 new deaths from covid-19 yesterday<\/strong>, bringing the country\u2019s total death toll to 2,278. Egypt has now disclosed a total of 56,809 confirmed cases of covid-19, after the ministry reported <strong>1,576 new infections yesterday<\/strong>. We now have a total of 16,613 confirmed cases that have since tested negative for the virus after being hospitalized or isolated, of whom 15,133 have fully recovered.<\/p><p><strong>Infections could slow in September, but we\u2019re looking at another wave in winter: <\/strong>Egypt\u2019s covid-19 case tally will likely begin to taper off by September, but a second wave of infections around wintertime is all but certain, member of the Health Ministry\u2019s covid-19 task force Ahmed Shawky told \u2018Ala Mas\u2019ouleety\u2019s Ahmed Moussa (<a href=\"https:\/\/www.youtube.com\/watch?v=7ju2gDcqcjw\">watch, runtime: 14:45<\/a>).<\/p><p><strong>Egypt could have more than 600k covid-19 cases -Baseera:<\/strong> More than 600k Egyptian adults may have contracted the novel coronavirus, <a href=\"http:\/\/www.baseera.com.eg\/RecentPolls2.aspx?ID=179\">according to a survey<\/a> conducted by the Egyptian Center for Public Opinion Research (better known as Baseera). In a poll of more than 3k Egyptians, an average of 10.1 per thousand reported contracting the virus that causes covid-19.<strong> Extrapolating the data to the broader population would mean that around 616k people have been infected<\/strong>, Baseera said. Of the respondents who said they had contracted the virus, 12% said they had been hospitalized (which is equivalent to around 74k individuals \u2014 a figure Baseera says is within the same [rough] ballpark as the Health Ministry\u2019s confirmed case tally), while 66% isolated at home, 39% followed up with a doctor, and 61% underwent treatment.<\/p><p><strong>The most common symptom among Egyptians is a high fever:<\/strong> Only 39% of cases reported experiencing three or more covid-19 symptoms with the most common symptom being a high fever at 67%, followed by vomiting and diarrhea (39%), a severe cough (37%), congestion (31%), loss of smell or taste (13%), and abdominal pain (13%). Most respondents (38%) were diagnosed using a chest scan; only 15% said they had had a PCR test.<\/p><p><strong>The survey was big news on last night\u2019s talk shows <\/strong>(details below), and a quick note here: The 600k cases, if accurate, includes folks who had a sniffle and stayed home weeks ago \u2014 it is not a measure of the current active case load in Egypt.<\/p><p><strong>Rameda to manufacture Avigan substitute, Aviziram, to treat covid-19:<\/strong> Our friends at Rameda will start locally manufacturing the antiviral Anviziram (which contains the same active ingredient as in Avigan) as a possible treatment for covid-19, according to a <a href=\"https:\/\/ent.news\/2020\/6\/RMDA-Favipiravir-E-Final.pdf\">statement (pdf)<\/a>. Rameda will also manufacture the antiviral med Remdesivir for intravenous administration. All production is initially earmarked for the domestic market, the company said.<\/p><p><strong>Eva Pharma is working to begin manufacturing Avifavir<\/strong>, a Russian-produced generic version of Avigan, CEO Riad Armanious said, according to the <a href=\"https:\/\/alborsaanews.com\/2020\/06\/22\/1360084\">local press<\/a>.<\/p><p><strong>Vezeeta launches recruitment drive as healthcare demand surges:<\/strong> Vezeeta is recruiting new employees across MENA \u2014 including in Egypt \u2014 on a work-from-home basis amid rising demand for digital healthcare solutions, the company said in a <a href=\"https:\/\/www.zawya.com\/mena\/en\/press-releases\/story\/Vezeeta_accelerates_recruitment_across_Middle_East_and_Africa_while_continuing_to_work_remotely-ZAWYA20200622063844\/\">statement<\/a>.<\/p><p><strong>DONATIONS-<\/strong><\/p><p><strong>UNICEF will provide the Egyptian government with USD 17<\/strong> mn to support the fight against covid, the International Cooperation Ministry said in a <a href=\"https:\/\/ent.news\/2020\/6\/International-Cooperation-Ministry-UNICEF-release-.pdf\">statement (pdf)<\/a>.<\/p><p><strong>Chinese smartphone company Oppo has donated 15k food boxes<\/strong> to families impacted by covid-19, according to <a href=\"https:\/\/bit.ly\/2APTU1S\">a company 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\/6\/SOMA-ENTERPRISE-3-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/a>\u201cWork, engage and communicate in an environment inspired by tranquility promoting productivity, clarity, and peace of mind.\u201d<\/p><p><strong>ON THE GLOBAL FRONT-<\/strong><\/p><p><strong>Global coronavirus cases broke the 9 mn barrier overnight<\/strong>, according to the Johns Hopkins University <a href=\"https:\/\/coronavirus.jhu.edu\/map.html\">covid-19 tracker<\/a>. Cases are <a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-who\/coronavirus-cases-soar-in-big-countries-especially-brazil-who-says-idUSKBN23T2SP\">soaring in big countries<\/a>, the WHO warns.<\/p><p><strong>No international pilgrims will go on Hajj this year:<\/strong> Saudi Arabia has decided to move ahead with a \u201cvery limited\u201d Hajj this year for individuals of \u201cvarious nationalities\u201d currently residing in the kingdom, but will not allow pilgrims from outside the kingdom, according to the <a href=\"https:\/\/www.spa.gov.sa\/viewfullstory.php?lang=en&amp;newsid=2100951\">Saudi Press Agency<\/a>. Hajj is set to begin at the end of next month. Saudi\u2019s caution is well-placed: The decision comes as the WHO has warned that religious events are contributing to a resurgence of new cases in countries that managed to contain the virus early on, <a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-who-ryan\/religious-events-helping-to-spread-coronavirus-who-says-idUSKBN23T2G1\">Reuters<\/a> reports.<\/p><p><strong>It\u2019s day two of reopening for office towers in New York<\/strong>, on which the <a href=\"https:\/\/www.nytimes.com\/2020\/06\/22\/nyregion\/nyc-phase-2-reopening-coronavirus.html\">NYT<\/a> has some color.<\/p><p><strong>South Korea has been hit with a second wave of covid-19 infections in capital city<\/strong> <strong>Seoul<\/strong> after many ventured outside to celebrate during a holiday weekend in May, according to <a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-southkorea\/south-korea-says-it-is-battling-second-wave-of-coronavirus-idUSKBN23T10M\">Reuters<\/a>.<\/p><p><strong>GLOBAL MACRO-<\/strong><\/p><p><strong>Investors are questioning whether the USD should be trading at a safe-haven risk<\/strong> <strong>premium <\/strong>as second waves of the covid-19 pandemic emerge worldwide, Deutsche Bank\u2019s chief Asia macro strategist Sameer Goel told <a href=\"https:\/\/www.cnbc.com\/2020\/06\/22\/usds-demand-as-emergency-dollar-could-be-waning-deutsche-bank-says.html\">CNBC<\/a> following a sharp spike in new cases across the US over the weekend. While investors have been favoring the greenback over other developed nations\u2019 currencies since the outbreak escalated in March, the \u201cemergency USD demand seems to be waning,\u201d he said.<\/p><p><strong>Bond traders are being dragged into the digital age: <\/strong>Bond trading, one of the few remaining areas of the financial world that hasn\u2019t gone digital, is now embracing the new digital status-quo amid the pandemic, <a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-bond-trading-insig\/pandemic-propels-old-school-bond-traders-towards-an-electronic-future-idUSKBN23T0MP?il=0\">Reuters<\/a> says. The case of a Seattle-based bond trader who managed to break up a large bond order into smaller bits and execute them electronically \u201cillustrates how the volatility caused by the crisis, along with a new remote mindset of working from home, has pushed more traders to go digital in a market that has historically lagged stocks and forex in electronification,\u201d Dhara Ranasinghe and Saikat Chatterjee write for the newswire.<\/p><p><strong>AND THE REST OF THE WORLD- <\/strong><\/p><p><strong>The Donald has suspended the issuance of new H-1B and a raft of other work visas <\/strong>until at least the end of the year. Business in the US is freaking out, particularly given H-1B visas are earmarked for highly-skilled workers and are sought after in Silicon Valley. Also suspended are L-1 visas, which let corporations movie staff to the US as part of inter-company transfers. Visas for some seasonal workers and short-term gigs like camp counselors and au pairs have also been put on ice. The <a href=\"https:\/\/www.wsj.com\/articles\/trump-order-would-temporarily-suspend-new-h-1b-other-visas-11592853371\">Wall street Journal<\/a> and <a href=\"https:\/\/www.reuters.com\/article\/us-usa-immigration-workers\/trump-suspends-entry-of-certain-foreign-workers-despite-business-opposition-idUSKBN23T2ZW\">Reuters<\/a> have more.<\/p><p><strong>Last night\u2019s WWDC keynote was a blockbuster and is all over the front pages of the <\/strong><strong>global business press. <\/strong>Expectations were high enough that it brought veteran Apple watcher Walt Mossberg out of retirement. The WSJ stalwart and co-founder with Kara Swisher of the Recode franchise said (a tiny bit inelegantly) in a <a href=\"https:\/\/www.theverge.com\/2020\/6\/22\/21294309\/wwdc-2020-apple-live-blog-ios-14-ipados-watchos-7\">livestream last night<\/a> that the event was \u201c<strong>one of the most important and historic events in Apple history<\/strong>.\u201d Done fully remotely instead of in front of the customary audience in Steve Jobs Theater, the event saw the computer maker:<\/p><ul>\n<li><strong>Announce a switch to its own chips for the Mac <\/strong>starting at the end of this year, dumping Intel in a process that could take up to two years. Macs will run on the same silicon that powers iPads, iPhones and Apple Watches. Microsoft Office and Adobe professional software including Photoshop and Lightroom are already running on the new chips.<\/li>\n<li><strong>Unveil the ability to put widgets anywhere you want on your iPhone<\/strong> screen, among other tweaks coming in iOS 14;<\/li>\n<li><strong>Show off a rebuild of macOS<\/strong> for the new silicon that packages improvements in design and functionality;<\/li>\n<li><strong>Significantly tweak iPadOS to make it more friendly to power users<\/strong>, including through a iPad-version of dropdown menus for the first time;<\/li>\n<li><strong>Promise to continue supporting Intel-based Macs <\/strong>for the foreseeable future.<\/li>\n<\/ul><p><strong>Oh, and Apple will finally stop taking over your entire screen when you have an incoming <\/strong><strong>call <\/strong>when iOS 14 rolls out to the masses this fall. If you want everything on a single page, head over to <a href=\"https:\/\/www.cnbc.com\/2020\/06\/22\/apple-wwdc-2020-new-ios-macos-ipados-software.html\">CNBC<\/a> or <a href=\"https:\/\/www.theverge.com\/2020\/6\/22\/21299042\/apple-wwdc-2020-recap-biggest-announcements-ios-ipados-macos-silicon-chips-mac\">the Verge<\/a> for the top line. If you want to dive deeper, your best bet may be <a href=\"https:\/\/www.macrumors.com\/2020\/06\/22\/everything-apple-announced-wwdc-2020\/\">this 13-minute rundown and page chock full of links from MacRumors<\/a>, with 9to5Mac\u2019s version being <a href=\"https:\/\/9to5mac.com\/2020\/06\/22\/wwdc-2020-ios-14-wrap-up\/\">a close second<\/a>. The story is front-page news everywhere from the <a href=\"https:\/\/www.ft.com\/content\/8d02b979-fe87-4b5c-80a3-72ce575d7dc2\">Financial Times<\/a> to the <a href=\"https:\/\/www.wsj.com\/articles\/apples-new-macs-how-theyll-work-after-ditching-intel-chips-11592862690?mod=hp_lead_pos11\">Wall Street Journal<\/a> (no less than four stories) and <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-06-22\/apple-made-computer-chips-are-coming-to-macs-in-split-from-intel?srnd=premium-middle-east&amp;sref=mmeFTDW1\">Bloomberg<\/a>.<\/p><p><strong>Also of interest to the nerds among us: <\/strong>Apple took the venom out of a spat with email startup Hey (run by the outspoken founders of Basecamp) <a href=\"https:\/\/hey.com\/apple\/path\/\">as it allowed Hey to update its iOS app<\/a> in the App Store and as Apple said it will allow developers to <a href=\"https:\/\/www.reuters.com\/article\/us-apple-developer-rules\/apple-modifies-app-review-process-letting-developers-challenge-guidelines-idUSKBN23U06T?il=0\">\u201cchallenge\u201d its app review guidelines<\/a>.<\/p><p><strong>Airbnb may still IPO this year:<\/strong> \u201cWe\u2019re not ruling it out this year, but we\u2019re definitely not committing to a timeline right now,\u201d said CEO Brian Chesky according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-06-22\/airbnb-ceo-chesky-says-2020-stock-listing-is-still-on-the-table?srnd=premium-middle-east\">Bloomberg<\/a>. Despite seeing nearly USD 1 bn in cancellations early on in the pandemic, a rebound in demand by urban professionals looking for vacation rentals in nearby rural areas has heightened optimism over the company\u2019s performance in the back half of the year.<\/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\/apple\/\">Apple<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                  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post-covid                        <\/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\/23\/qalaas-ahmed-heikal-on-the-outlook-for-the-egyptian-global-economy-post-covid\/\" 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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class=\"content-area-description single-story post-572381 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-ahmed-heikal tag-covid-19 tag-enterprise-last-nights-talk-shows tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>On another foreign policy-dominated evening, <strong>Qalaa Holdings boss Ahmed Heikal\u2019s <\/strong><strong>discussion of the outlook for the Egyptian and global economy post-covid<\/strong> was the business \/ econ highlight on the airwaves last night. You can watch the full interview here (<a href=\"https:\/\/www.youtube.com\/watch?v=P9VWyH3briU\">runtime: 33:50<\/a>).<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>While the global economy is unlikely to stage a real recovery before 2025 or 2026, <\/strong><strong>Egypt\u2019s economy could bounce back sooner<\/strong>, largely because we entered the pandemic on solid ground thanks to the government\u2019s economic reform program, Heikal told El Hekaya\u2019s Amr Adib. It\u2019s still far too early in the pandemic to predict with any real certainty where economies are headed, which Heikal says will only really be possible once scientists successfully produce a vaccine or meaningful treatment for the virus.<\/p>\n<p><strong>In the meantime, it\u2019s key for the government to retain the investors we already have<\/strong>, because it\u2019s unlikely that fresh investments are coming soon \u2014 simply because nobody is venturing into new markets right now, he said.<\/p>\n<p><strong>Don\u2019t expect an uptick in inflation \u2014 and don\u2019t look at the USD rate as the only indicator <\/strong><strong>of Egypt\u2019s economic strength, either<\/strong>, Heikal told Adib. Heikal stressed that the real economy will benefit more from a focus on propping up local manufacturing, which will reduce our reliance on imports and demand for foreign currency.<\/p>\n<p><strong>Heikal praised the Madbouly government\u2019s handling of the outbreak<\/strong>, telling Adib that while the partial lockdown was necessary when it was implemented, the government is also doing the right thing now by beginning to lift these restrictions to jumpstart the economy.<\/p>\n<p><strong>Heikal\u2019s advice for investing in the middle of a pandemic:<\/strong> Diversify and invest in gold and a handful of equities you have confidence in.<\/p>\n<p><strong>On the foreign policy front:<\/strong> Al Kahera Alaan\u2019s Lamees El Hadidi phoned Rep. Emad Gad to discuss Egypt\u2019s position on Libya, which Gad noted has garnered international support, including from France. The MP also told Lamees he hopes to see the Arab League take on a more active and significant role in the issue (<a href=\"https:\/\/www.youtube.com\/watch?v=wQfauT99KiY\">watch, runtime: 10:28<\/a>). Lamees also had a chat with Cairo University\u2019s international law faculty head, Mohamed Amr, who suggested that the UN Security Council will either mediate renewed tripartite negotiations between Egypt, Sudan, and Ethiopia on the Grand Ethiopian Renaissance Dam, or tap a small number of countries to act as observers (<a href=\"https:\/\/www.youtube.com\/watch?v=Gwef30GCLTY&t=173s\">watch, runtime: 8:39<\/a>).<\/p>\n<p><strong>Baseera Deputy Director Hanan Gerges explained the research center\u2019s methodology in <\/strong><strong>its covid-19 study<\/strong> and broke down the survey\u2019s findings in a phone-in to Al Kahera Alaan (<a href=\"https:\/\/www.youtube.com\/watch?v=hIhsx5W1SWQ&t=141s\">watch, runtime: 9:09<\/a>). We have the story in What We\u2019re Tracking Today, above.<\/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\/ahmed-heikal\/\">Ahmed Heikal<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-last-nights-talk-shows\/\">Enterprise+: Last Night\u2019s Talk Shows<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"572382\" 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=\"572382\">\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\/23\/senior-execs-in-mena-are-optimistic-about-egypt-even-as-they-brace-for-a-sharp-global-slowdown\/\">\r\n                            Senior execs in MENA are optimistic about Egypt even as they brace for a sharp global slowdown                        <\/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\/23\/senior-execs-in-mena-are-optimistic-about-egypt-even-as-they-brace-for-a-sharp-global-slowdown\/\" 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\/23\/senior-execs-in-mena-are-optimistic-about-egypt-even-as-they-brace-for-a-sharp-global-slowdown\/')\">\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\/23\/senior-execs-in-mena-are-optimistic-about-egypt-even-as-they-brace-for-a-sharp-global-slowdown\/\">\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=Senior execs in MENA are optimistic about Egypt even as they brace for a sharp global slowdown&url=https:\/\/enterpriseam.com\/egypt\/2020\/06\/23\/senior-execs-in-mena-are-optimistic-about-egypt-even-as-they-brace-for-a-sharp-global-slowdown\/\">\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\/23\/senior-execs-in-mena-are-optimistic-about-egypt-even-as-they-brace-for-a-sharp-global-slowdown\/&title=Senior execs in MENA are optimistic about Egypt even as they brace for a sharp global slowdown\">\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=Senior+execs+in+MENA+are+optimistic+about+Egypt+even+as+they+brace+for+a+sharp+global+slowdown+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F06%2F23%2Fsenior-execs-in-mena-are-optimistic-about-egypt-even-as-they-brace-for-a-sharp-global-slowdown%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\/23\/senior-execs-in-mena-are-optimistic-about-egypt-even-as-they-brace-for-a-sharp-global-slowdown\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/250.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"572383\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/23\/senior-execs-in-mena-are-optimistic-about-egypt-even-as-they-brace-for-a-sharp-global-slowdown\/250-jpg-14\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/250.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"250.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/250.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/250.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572382\" class=\"content-area-description single-story post-572382 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round tag-enterpriseam tag-ernst-young tag-ma-watch 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>Senior execs in MENA are optimistic about Egypt even as they brace for a sharp global <\/strong><strong>slowdown: <\/strong>Senior executives from the Middle East and North Africa are both uncertain and cautious about the effect of the covid-19 pandemic, with nearly three-quarters of respondents in <a href=\"https:\/\/www.ey.com\/en_om\/ccb\/mena-mergers-acquisitions\">a survey<\/a> conducted by Ernst & Young (EY) expecting the covid-19 pandemic to have a severe impact on the global economy. Despite this, executives expect this impact to vary by region and as little as one quarter believe the pandemic will have a large impact on MENA. The survey was part of EY\u2019s <a href=\"https:\/\/assets.ey.com\/content\/dam\/ey-sites\/ey-com\/en_gl\/topics\/ey-capital-confidence-barometer\/pdfs\/22\/ey-22-global-capital-confidence-barometer-march-2020.pdf\">Global Capital Confidence Barometer (pdf)<\/a>.<\/p>\n<p><strong>There is relative optimism among Egypt-based execs<\/strong>, a third of whom don\u2019t expect the pandemic to have a significant impact on the country. Only one-fifth anticipate economic activity to be heavily impacted.<\/p>\n<p><strong>Contrast this with Saudi Arabia and the UAE, where the outlook is darker:<\/strong> More than 80% of respondents expect the global economy to be severely impacted and more than one-third predict a deep local recession.<\/p>\n<p><strong>But we\u2019re (so far) doing alright as a region: <\/strong>\u201cOne reason MENA countries initially may have felt financially insulated from the pandemic is that many companies in the region are well-capitalized and therefore believe they can operate longer before feeling the financial pinch,\u201d says EY.<\/p>\n<p><strong>Outlook for M&A remains healthy:<\/strong> When the survey was conducted, many executives anticipated an immediate term slowdown in traditional M&A activity, However, the executives\u2019 intention to pursue M&A until March 2021 is still high at 51%.<\/p>\n<p><strong>In Egypt, M&A intentions are at 49%, higher than the long-term regional average of 39%. <\/strong>Intentions for the UAE are also solid at 56%, with Saudi executives reporting reasonable appetite, but still down from last year\u2019s survey.<\/p>\n<p><strong>A word of warning:<\/strong> Surveys have a shelf life \u2014 they\u2019re a snapshot in time \u2014 and this one was conducted between 4 February and 26 March, when the outbreak in the MENA region was in relative infancy.<\/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\/ernst-young\/\">Ernst &amp; Young<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ma-watch\/\">M&amp;A Watch<\/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=\"572391\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"572392\" 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=\"572392\">\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\/23\/em-central-bankers-starting-to-become-fond-of-quantitative-easing-policies\/\">\r\n                            EM central bankers starting to become fond of quantitative easing policies                        <\/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\/23\/em-central-bankers-starting-to-become-fond-of-quantitative-easing-policies\/\" 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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This is a shift from previous crisis handling policies in EMs, which have usually stayed away from QE. The experiment \u2014 which involves central banks buying government bonds to inject liquidity into the financial system and hold down yields \u2014 could have potentially destructive implications if it starts to get out of control.<\/p>\n<p><strong>Who\u2019s on board with QE?<\/strong> South Korea and Israel, which both have experience with QE from the 2008 financial crisis, relaunched bond buying programs in response to the pandemic. Now, they\u2019re being joined by a host of first-timers, including Poland, Hungary, Malaysia, the Philippines, Indonesia, Turkey and South Africa.<\/p>\n<p><strong>Countries with risky debt profiles,<\/strong> including large fiscal deficits, less independent central banks and high inflation can\u2019t risk getting involved too heavily in QE, some experts warn. Others are raising doubts about whether EM central banks have the political will to stop the programs when conditions improve. \u201cJudgment day will be when things have normalized,\u201d said Drausio Giacomella, head of EM research at Deutsche Bank. \u201cAre central banks going to be willing to tighten monetary policy or stop their asset purchases?\u201d Others say emerging market QE programs are strikingly similar to those seen in the US, EU and Japan \u2014 just on a really limited scale. \u201cAt this stage we don\u2019t see any cause for concern given the limited nature\u201d of EM-led QE policies, head of EM debt strategies at AllianceBernstein Shamaila Khan says.<\/p>\n<p><strong>The wall of money unleashed by central banks around the world is raising fears of irrational exuberance: <\/strong>Foreign investor portfolios continue to be susceptible to large swings away from EMs, as we saw with March\u2019s large drop in inflows. And with the latest pile into EM assets being driven by the Federal Reserve\u2019s flood of stimulus, some investors are hesitant to get on board. \u201cThis rally is close to the end and it would be very dangerous to chase it,\u201d <a href=\"https:\/\/www.ft.com\/content\/98f8743c-1a8f-45ef-a804-f7e5da2ded80\">said Arthur Budaghyan<\/a>, chief EM strategist at BCA Research. \u201dManias are not driven by fundamentals and rational forecasters cannot forecast them.\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\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/emerging-markets\/\">emerging markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/money-supply\/\">Money supply<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/quantitative-easing\/\">quantitative easing<\/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=\"572394\" 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=\"572394\">\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\">Image of the Day<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/23\/new-x-ray-images-map-the-universe-in-unprecedented-detail\/\">\r\n                            New x-ray images map the universe in unprecedented detail                        <\/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\/23\/new-x-ray-images-map-the-universe-in-unprecedented-detail\/\" 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\/23\/new-x-ray-images-map-the-universe-in-unprecedented-detail\/')\">\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\/23\/new-x-ray-images-map-the-universe-in-unprecedented-detail\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=New x-ray images map the universe in unprecedented detail&url=https:\/\/enterpriseam.com\/egypt\/2020\/06\/23\/new-x-ray-images-map-the-universe-in-unprecedented-detail\/\">\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\/23\/new-x-ray-images-map-the-universe-in-unprecedented-detail\/&title=New x-ray images map the universe in unprecedented detail\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=New+x-ray+images+map+the+universe+in+unprecedented+detail+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F06%2F23%2Fnew-x-ray-images-map-the-universe-in-unprecedented-detail%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\/23\/new-x-ray-images-map-the-universe-in-unprecedented-detail\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/254.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"572395\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/23\/new-x-ray-images-map-the-universe-in-unprecedented-detail\/254-jpg-15\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/254.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"254.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/254.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/254.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572394\" class=\"content-area-description single-story post-572394 post type-post status-publish format-standard has-post-thumbnail hentry category-image-of-the-day tag-energy tag-enterpriseam tag-germany tag-image-of-the-day tag-russia tag-space wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>New x-ray images map the universe in unprecedented detail:<\/strong> German-Russian space telescope eRosita has scanned the skies to produce an intricate recording of the universe, made up of over 1 mn sources of x-rays, the <a href=\"http:\/\/bbc.com\/news\/science-environment-53102718\">BBC<\/a> reports. The orbiting telescope has been scanning the skies since December, picking up black holes, stars, hot gas, and an assortment of cosmic activity. The map is in color to show what\u2019s going on, with blues representing the highest levels of energy and reds the lowest. The band across the middle of the image represents the plane of our own Milky Way galaxy.<\/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\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/germany\/\">Germany<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/image-of-the-day\/\">IMAGE OF THE DAY<\/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\/space\/\">space<\/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=\"572396\" 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=\"572396\">\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\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/23\/egypt-in-the-news-on-23-june-2020\/\">\r\n                            Egypt in the News on 23 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\/23\/egypt-in-the-news-on-23-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\/23\/egypt-in-the-news-on-23-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\/23\/egypt-in-the-news-on-23-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 23 June 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/06\/23\/egypt-in-the-news-on-23-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\/23\/egypt-in-the-news-on-23-june-2020\/&title=Egypt in the News on 23 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+23+June+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F06%2F23%2Fegypt-in-the-news-on-23-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\/23\/egypt-in-the-news-on-23-june-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572396\" class=\"content-area-description single-story post-572396 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-covid-19 tag-egypt-in-the-news tag-enterpriseam tag-pandemic wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>It\u2019s crickets for Egypt in the international press<\/strong>, with the only story of note being <a href=\"https:\/\/www.theguardian.com\/global-development\/2020\/jun\/22\/it-would-spread-quickly-in-those-cells-covid-19-imperils-packed-egypt-prison\">the<\/a><a href=\"https:\/\/www.theguardian.com\/global-development\/2020\/jun\/22\/it-would-spread-quickly-in-those-cells-covid-19-imperils-packed-egypt-prison\">Guardian<\/a>\u2019s piece on concerns about covid-19 among those in the nation\u2019s prisons.<\/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\/egypt-in-the-news\/\">Egypt in the News<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pandemic\/\">pandemic<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"572397\" 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=\"572397\">\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\">Worth reading<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/23\/private-equity-bosses-are-raking-in-bns-running-funds-that-fail-to-beat-cheap-tracker-funds\/\">\r\n                            Private equity bosses are raking in bns running funds that fail to beat cheap tracker funds                        <\/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\/23\/private-equity-bosses-are-raking-in-bns-running-funds-that-fail-to-beat-cheap-tracker-funds\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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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=Private+equity+bosses+are+raking+in+bns+running+funds+that+fail+to+beat+cheap+tracker+funds+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F06%2F23%2Fprivate-equity-bosses-are-raking-in-bns-running-funds-that-fail-to-beat-cheap-tracker-funds%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\/23\/private-equity-bosses-are-raking-in-bns-running-funds-that-fail-to-beat-cheap-tracker-funds\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/255.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"572398\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/23\/private-equity-bosses-are-raking-in-bns-running-funds-that-fail-to-beat-cheap-tracker-funds\/255-jpg-31\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/255.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"255.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/255.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/255.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572397\" class=\"content-area-description single-story post-572397 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-reading tag-apollo tag-asset-management tag-blackstone tag-education tag-enterpriseam tag-equities tag-investment-watch tag-private-equity tag-worth-reading 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>Private equity bosses are raking in bns running funds that fail to beat cheap<\/strong> <strong>tracker funds,<\/strong> according to a new <a href=\"https:\/\/papers.ssrn.com\/sol3\/papers.cfm?abstract_id=3623820\">Oxford Business School study<\/a>. Authored by Ludovic Phalippou, professor of finance at Oxford University\u2019s Said Business School, the report finds that top executives at private equity firms including Blackstone, Apollo, KKR and Carlyle have netted around USD 230 bn in management fees from investors in exchange for meagre returns equal to those generated by passive funds tracking US stocks. Comparing the performance of the big four PE firms with large US public pension plans, Phalippou found that the pension plans earned about USD 1.50 (after fees) for every USD 1 invested in private equity funds between 2006 and 2015 \u2014 meaning they both churn out an average annual return of 11% over the same period.<\/p>\n<p><strong>A staggering transfer of wealth:<\/strong> Over the past 15 years, the number of private equity chiefs with personal fortunes exceeding USD 2 bn has risen to 22 from three. Blackstone co-founder Stephen Schwarzmann has risen to become the world\u2019s 29th richest person with a net wealth of USD 17.7 bn. Apollo founder Leon Black is ranked #63 with a USD 7.7 bn fortune while KKR\u2019s George Roberts and Henry Kravis have both accumulated fortunes in excess of USD 6 bn. <strong>\u201cThis wealth transfer from several hundred mn pension scheme members to a few thousand people working in private equity might be one of the largest in the history of modern finance,\u201d<\/strong> Phalippou wrote.<\/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\/apollo\/\">Apollo<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/asset-management\/\">asset management<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/blackstone\/\">Blackstone<\/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\/equities\/\">equities<\/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\/private-equity\/\">private equity<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/worth-reading\/\">worth reading<\/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=\"572399\" 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=\"572399\">\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\">Worth watching<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/23\/john-snows-map-of-a-water-pump-and-how-it-influences-modern-epidemiology\/\">\r\n                            John Snow\u2019s map of a water pump and how it influences modern epidemiology                        <\/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\/23\/john-snows-map-of-a-water-pump-and-how-it-influences-modern-epidemiology\/\" 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\/23\/john-snows-map-of-a-water-pump-and-how-it-influences-modern-epidemiology\/')\">\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\/23\/john-snows-map-of-a-water-pump-and-how-it-influences-modern-epidemiology\/\">\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=John Snow\u2019s map of a water pump and how it influences modern epidemiology&url=https:\/\/enterpriseam.com\/egypt\/2020\/06\/23\/john-snows-map-of-a-water-pump-and-how-it-influences-modern-epidemiology\/\">\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\/23\/john-snows-map-of-a-water-pump-and-how-it-influences-modern-epidemiology\/&title=John Snow\u2019s map of a water pump and how it influences modern epidemiology\">\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=John+Snow%E2%80%99s+map+of+a+water+pump+and+how+it+influences+modern+epidemiology+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F06%2F23%2Fjohn-snows-map-of-a-water-pump-and-how-it-influences-modern-epidemiology%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\/23\/john-snows-map-of-a-water-pump-and-how-it-influences-modern-epidemiology\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/256.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"572400\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/23\/john-snows-map-of-a-water-pump-and-how-it-influences-modern-epidemiology\/256-jpg-23\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/256.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"256.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/256.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/256.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572399\" class=\"content-area-description single-story post-572399 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-watching tag-covid-19 tag-enterpriseam tag-pandemic tag-water tag-worth-watching wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>How a water pump changed the way we understand the spread of diseases:<\/strong> When cholera outbreaks became rampant in the UK in the 1800s, doctors and scientists believed the disease traveled in a miasma or a cloud. In 1854, Dr. John Snow (no relation to the King of the North) hypothesized that contaminated water was a leading cause of the disease\u2019s transmission, which he traced to a water pump on Broad Street. He created a map of the area complete with all the fatalities and infections to back his findings, which eventually led to the containment of the outbreak. The Broad Street Pump Map is now a case study for modern day epidemiologists and has changed the way we fight outbreaks. This episode of Vox Almanac deciphers the map (<a href=\"https:\/\/www.youtube.com\/watch?v=VJ86D_DtyWg&feature=emb_logo\">watch, runtime: 6:36<\/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\/covid-19\/\">covid-19<\/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\/water\/\">water<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/worth-watching\/\">worth watching<\/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=\"572401\" 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=\"572401\">\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\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/23\/egypts-petrogulf-makes-new-oil-discovery-in-gulf-of-suezs-gisum-concession\/\">\r\n                            Egypt\u2019s Petrogulf makes new oil discovery in Gulf of Suez\u2019s Gisum concession                        <\/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\/23\/egypts-petrogulf-makes-new-oil-discovery-in-gulf-of-suezs-gisum-concession\/\" 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\/23\/egypts-petrogulf-makes-new-oil-discovery-in-gulf-of-suezs-gisum-concession\/')\">\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\/23\/egypts-petrogulf-makes-new-oil-discovery-in-gulf-of-suezs-gisum-concession\/\">\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\u2019s Petrogulf makes new oil discovery in Gulf of Suez\u2019s Gisum concession&url=https:\/\/enterpriseam.com\/egypt\/2020\/06\/23\/egypts-petrogulf-makes-new-oil-discovery-in-gulf-of-suezs-gisum-concession\/\">\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\/23\/egypts-petrogulf-makes-new-oil-discovery-in-gulf-of-suezs-gisum-concession\/&title=Egypt\u2019s Petrogulf makes new oil discovery in Gulf of Suez\u2019s Gisum concession\">\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%E2%80%99s+Petrogulf+makes+new+oil+discovery+in+Gulf+of+Suez%E2%80%99s+Gisum+concession+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F06%2F23%2Fegypts-petrogulf-makes-new-oil-discovery-in-gulf-of-suezs-gisum-concession%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\/23\/egypts-petrogulf-makes-new-oil-discovery-in-gulf-of-suezs-gisum-concession\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572401\" class=\"content-area-description single-story post-572401 post type-post status-publish format-standard hentry category-energy tag-energy tag-enterpriseam tag-oil-and-gas wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Petrogulf Misr \u2014 a JV between the Egyptian General Petroleum Company, the Kuwait Foreign Petroleum Exploration Company, and <a href=\"https:\/\/picocheiron.com\/\">Cheiron<\/a> \u2014 has made a shallow-water oil discovery in the Gulf of Suez that has an initial production level of 2k barrels of crude per day, the Oil Ministry said in <a href=\"https:\/\/www.petroleum.gov.eg\/ar-eg\/media-center\/news\/news-pages\/Pages\/mop_18062020_01.aspx\">a statement<\/a>. The GNN-4 well contains roughly 260 mn barrels of oil (MMbbls) and is located in the concession covering the Geisum and Tawila West fields, Cheiron said in <a href=\"https:\/\/picocheiron.com\/2020\/06\/18\/first-oil-achieved-from-the-gnn-discovery-in-the-southern-gulf-of-suez-egypt\/\">a statement<\/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\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/oil-and-gas\/\">oil and gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"572402\" 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=\"572402\">\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\">Basic Materials + Commodities<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/23\/better-cotton-initiative-launches-in-egypt-to-certify-local-farmers\/\">\r\n                            Better Cotton Initiative launches in Egypt to certify local farmers                        <\/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\/23\/better-cotton-initiative-launches-in-egypt-to-certify-local-farmers\/\" 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\/23\/better-cotton-initiative-launches-in-egypt-to-certify-local-farmers\/')\">\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\/23\/better-cotton-initiative-launches-in-egypt-to-certify-local-farmers\/\">\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=Better Cotton Initiative launches in Egypt to certify local farmers&url=https:\/\/enterpriseam.com\/egypt\/2020\/06\/23\/better-cotton-initiative-launches-in-egypt-to-certify-local-farmers\/\">\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\/23\/better-cotton-initiative-launches-in-egypt-to-certify-local-farmers\/&title=Better Cotton Initiative launches in Egypt to certify local farmers\">\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=Better+Cotton+Initiative+launches+in+Egypt+to+certify+local+farmers+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F06%2F23%2Fbetter-cotton-initiative-launches-in-egypt-to-certify-local-farmers%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\/23\/better-cotton-initiative-launches-in-egypt-to-certify-local-farmers\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572402\" class=\"content-area-description single-story post-572402 post type-post status-publish format-standard hentry category-basic-materials-commodities tag-agriculture tag-basic-materials-commodities tag-commodities tag-development tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Global non-profit <a href=\"https:\/\/bettercotton.org\/\">the Better Cotton Initiative<\/a> (BCI) has launched a program in Egypt to train 2k local farmers to cultivate crops eligible for its quality certification starting the 2020-2021 cotton season, <a href=\"https:\/\/bettercotton.org\/the-better-cotton-initiative-launches-in-egypt\/\">according to a statement<\/a>. The training program will be funded by Italian Agency for Development Cooperation. Local partners the Cotton Research Institute, Modern Nile Cotton and Alkan will also be on board, <a href=\"https:\/\/bit.ly\/30KqLzn\">the Agriculture Ministry said<\/a>. This comes after Egypt last May officially became a member country of BCI following a successful <a href=\"https:\/\/bettercotton.org\/better-cotton-pilot-project-launches-in-egypt\/\">pilot launch<\/a> last year in collaboration with the UNIDO.<\/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\/agriculture\/\">agriculture<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/commodities\/\">commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/development\/\">development<\/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=\"572403\" 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=\"572403\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">Health + Education<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/23\/noon-academy-raises-usd-13-mn-as-distance-learning-gets-more-popular\/\">\r\n                            Noon Academy raises USD 13 mn as distance learning gets more popular                        <\/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\/23\/noon-academy-raises-usd-13-mn-as-distance-learning-gets-more-popular\/\" 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\/23\/noon-academy-raises-usd-13-mn-as-distance-learning-gets-more-popular\/')\">\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\/23\/noon-academy-raises-usd-13-mn-as-distance-learning-gets-more-popular\/\">\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=Noon Academy raises USD 13 mn as distance learning gets more popular&url=https:\/\/enterpriseam.com\/egypt\/2020\/06\/23\/noon-academy-raises-usd-13-mn-as-distance-learning-gets-more-popular\/\">\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\/23\/noon-academy-raises-usd-13-mn-as-distance-learning-gets-more-popular\/&title=Noon Academy raises USD 13 mn as distance learning gets more popular\">\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=Noon+Academy+raises+USD+13+mn+as+distance+learning+gets+more+popular+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F06%2F23%2Fnoon-academy-raises-usd-13-mn-as-distance-learning-gets-more-popular%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\/23\/noon-academy-raises-usd-13-mn-as-distance-learning-gets-more-popular\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572403\" class=\"content-area-description single-story post-572403 post type-post status-publish format-standard hentry category-health-education tag-education tag-enterpriseam tag-health-education wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a href=\"https:\/\/www.noonacademy.com\/eg-ar\/\">Noon Academy<\/a> has raised USD 13 mn in its latest funding round as more students resort to distance learning through the Saudi-based company\u2019s educational technology platform, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-06-21\/saudi-education-platform-raises-more-funds-as-schools-go-online?sref=mmeFTDW1\">according to Bloomberg<\/a>. Noon Academy also operates in Egypt, India and Pakistan.<\/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\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/health-education\/\">Health + Education<\/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=\"572404\" 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=\"572404\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/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\/23\/banque-misr-fei-ink-cooperation-protocol-to-extend-cbe-backed-home-loans\/\">\r\n                            Banque Misr, FEI ink cooperation protocol to extend CBE-backed home loans                        <\/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\/23\/banque-misr-fei-ink-cooperation-protocol-to-extend-cbe-backed-home-loans\/\" 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\/23\/banque-misr-fei-ink-cooperation-protocol-to-extend-cbe-backed-home-loans\/')\">\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\/23\/banque-misr-fei-ink-cooperation-protocol-to-extend-cbe-backed-home-loans\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Banque Misr, FEI ink cooperation protocol to extend CBE-backed home loans&url=https:\/\/enterpriseam.com\/egypt\/2020\/06\/23\/banque-misr-fei-ink-cooperation-protocol-to-extend-cbe-backed-home-loans\/\">\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\/23\/banque-misr-fei-ink-cooperation-protocol-to-extend-cbe-backed-home-loans\/&title=Banque Misr, FEI ink cooperation protocol to extend CBE-backed home loans\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Banque+Misr%2C+FEI+ink+cooperation+protocol+to+extend+CBE-backed+home+loans+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F06%2F23%2Fbanque-misr-fei-ink-cooperation-protocol-to-extend-cbe-backed-home-loans%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\/23\/banque-misr-fei-ink-cooperation-protocol-to-extend-cbe-backed-home-loans\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572404\" class=\"content-area-description single-story post-572404 post type-post status-publish format-standard hentry category-real-estate-housing tag-central-bank-of-egypt tag-enterpriseam tag-finance tag-real-estate tag-real-estate-housing wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>State-owned Banque Misr and the Federation of Egyptian Industries\u2019 real estate division have signed a cooperation agreement to expand <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/10\/cbe-to-compensate-bank-lending-under-egp-150-bn-industrial-mortgage-programs-8146\/\">mortgage lending<\/a> to middle-income families through a CBE-backed EGP 50 bn package and BM\u2019s own real estate financing products, <a href=\"https:\/\/bit.ly\/3dmqXYm\">Youm7<\/a>reports. Under the agreement, both parties will work to streamline the lending process, a statement cited by the newspaper says, without giving details.<\/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\/central-bank-of-egypt\/\">Central Bank of Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/finance\/\">Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate\/\">real estate<\/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=\"572406\" 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=\"572406\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">13<\/div>\r\n\r\n                    <p class=\"f-graphik\">Tourism<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/23\/egoth-to-launch-international-tender-for-development-of-giza-plateau\/\">\r\n                            EGOTH to launch international tender for development of Giza Plateau                        <\/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\/23\/egoth-to-launch-international-tender-for-development-of-giza-plateau\/\" 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\/23\/egoth-to-launch-international-tender-for-development-of-giza-plateau\/')\">\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\/23\/egoth-to-launch-international-tender-for-development-of-giza-plateau\/\">\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=EGOTH to launch international tender for development of Giza Plateau&url=https:\/\/enterpriseam.com\/egypt\/2020\/06\/23\/egoth-to-launch-international-tender-for-development-of-giza-plateau\/\">\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\/23\/egoth-to-launch-international-tender-for-development-of-giza-plateau\/&title=EGOTH to launch international tender for development of Giza Plateau\">\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=EGOTH+to+launch+international+tender+for+development+of+Giza+Plateau+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F06%2F23%2Fegoth-to-launch-international-tender-for-development-of-giza-plateau%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\/23\/egoth-to-launch-international-tender-for-development-of-giza-plateau\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572406\" class=\"content-area-description single-story post-572406 post type-post status-publish format-standard hentry category-tourism tag-egyptian-general-company-for-tourism-and-hotels tag-enterpriseam tag-giza-plateau tag-sound-and-light-cinema-company tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The Egyptian General Company for Tourism and Hotels (EGOTH) will launch an international tender for the development of the Giza Plateau and its sound and light shows within three months, Chairperson Mervat Hatabah told <a href=\"https:\/\/www.youm7.com\/story\/2020\/6\/16\/%D8%A7%D9%84%D9%82%D8%A7%D8%A8%D8%B6%D8%A9-%D9%84%D9%84%D8%B3%D9%8A%D8%A7%D8%AD%D8%A9-%D8%B7%D8%B1%D8%AD-%D9%85%D9%86%D8%A7%D9%82%D8%B5%D8%A9-%D8%B9%D8%A7%D9%84%D9%85%D9%8A%D8%A9-%D9%84%D8%AA%D8%B7%D9%88%D9%8A%D8%B1-%D9%85%D9%86%D8%B7%D9%82%D8%A9-%D8%A7%D9%84%D8%A3%D9%87%D8%B1%D8%A7%D9%85%D8%A7%D8%AA-%D8%AE%D9%84%D8%A7%D9%84-3\/4827627\">Youm7<\/a>. The new tender will include terms that will ensure the winning bidder sticks to the implementation schedule. The Sound and Light Company <a href=\"https:\/\/enterprise.press\/stories\/2018\/12\/19\/slcc-annulls-usd-10-mn-giza-plateau-development-contract-with-oih\/\">in 2018 scrapped a USD 10 mn agreement<\/a> with Orascom Investment Holding to develop the plateau, after repeated delays in commencing work on the project.<\/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\/egyptian-general-company-for-tourism-and-hotels\/\">Egyptian General Company for Tourism and Hotels<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/giza-plateau\/\">Giza Plateau<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sound-and-light-cinema-company\/\">Sound and Light Cinema Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"572407\" 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=\"572407\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">14<\/div>\r\n\r\n                    <p class=\"f-graphik\">Banking + Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/23\/samcrete-looks-to-borrow-egp-1-7-bn-from-local-banks-to-work-on-new-cities\/\">\r\n                            Samcrete looks to borrow EGP 1.7 bn from local banks to work on new cities                        <\/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\/23\/samcrete-looks-to-borrow-egp-1-7-bn-from-local-banks-to-work-on-new-cities\/\" 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\/23\/samcrete-looks-to-borrow-egp-1-7-bn-from-local-banks-to-work-on-new-cities\/')\">\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\/23\/samcrete-looks-to-borrow-egp-1-7-bn-from-local-banks-to-work-on-new-cities\/\">\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=Samcrete looks to borrow EGP 1.7 bn from local banks to work on new cities&url=https:\/\/enterpriseam.com\/egypt\/2020\/06\/23\/samcrete-looks-to-borrow-egp-1-7-bn-from-local-banks-to-work-on-new-cities\/\">\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\/23\/samcrete-looks-to-borrow-egp-1-7-bn-from-local-banks-to-work-on-new-cities\/&title=Samcrete looks to borrow EGP 1.7 bn from local banks to work on new cities\">\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=Samcrete+looks+to+borrow+EGP+1.7+bn+from+local+banks+to+work+on+new+cities+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F06%2F23%2Fsamcrete-looks-to-borrow-egp-1-7-bn-from-local-banks-to-work-on-new-cities%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\/23\/samcrete-looks-to-borrow-egp-1-7-bn-from-local-banks-to-work-on-new-cities\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572407\" class=\"content-area-description single-story post-572407 post type-post status-publish format-standard hentry category-banking-finance tag-banking-finance tag-construction tag-enterpriseam tag-finance tag-new-urban-communities-authority tag-real-estate wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Conglomerate Samcrete is in talks with two local banks to arrange a EGP 1.7 bn loan to finance its work in new cities, <a href=\"https:\/\/bit.ly\/3epoQo7\">Al Mal reports<\/a>, quoting sources with knowledge of the matter. The company is in talks with one state-owned and one private bank for a three- to five-year revolving credit facility to finance projects awarded to it by NUCA in the second phase of New Alamein, the sources said.<\/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\/banking-finance\/\">BANKING + FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/construction\/\">construction<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/finance\/\">Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/new-urban-communities-authority\/\">New Urban Communities Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate\/\">real estate<\/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=\"572408\" 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=\"572408\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">15<\/div>\r\n\r\n                    <p class=\"f-graphik\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/23\/google-doodle-commemorates-egyptian-feminist-icon-hoda-shaarawy\/\">\r\n                            Google Doodle commemorates Egyptian feminist icon Hoda Shaarawy                        <\/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\/23\/google-doodle-commemorates-egyptian-feminist-icon-hoda-shaarawy\/\" target=\"_blank\">\n                    Open in new tab                 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<a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Google Doodle commemorates Egyptian feminist icon Hoda Shaarawy&url=https:\/\/enterpriseam.com\/egypt\/2020\/06\/23\/google-doodle-commemorates-egyptian-feminist-icon-hoda-shaarawy\/\">\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\/23\/google-doodle-commemorates-egyptian-feminist-icon-hoda-shaarawy\/&title=Google Doodle commemorates Egyptian feminist icon Hoda Shaarawy\">\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=Google+Doodle+commemorates+Egyptian+feminist+icon+Hoda+Shaarawy+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F06%2F23%2Fgoogle-doodle-commemorates-egyptian-feminist-icon-hoda-shaarawy%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\/23\/google-doodle-commemorates-egyptian-feminist-icon-hoda-shaarawy\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/257.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"572409\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/23\/google-doodle-commemorates-egyptian-feminist-icon-hoda-shaarawy\/257-jpg-11\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/257.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"257.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/257.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/257.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572408\" class=\"content-area-description single-story post-572408 post type-post status-publish format-standard has-post-thumbnail hentry category-on-your-way-out tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Today\u2019s <\/strong><strong><a href=\"https:\/\/www.google.com\/doodles\/huda-shaarawis-141st-birthday\">Google Doodle<\/a><\/strong><strong> commemorates what would have been Egyptian feminist icon<\/strong><strong> Hoda Shaarawy\u2019s 141st birthday.<\/strong> At a time when Egyptian women were denied their basic rights in Egyptian society, Huda Shaarawi emerged as a feminist revolutionary figure who called for equal access to education and deconstructing various taboos that held back Egyptian women.<\/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<section id=\"572410\" 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=\"572410\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">16<\/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\/23\/the-market-yesterday-114\/\">\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 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href=\"https:\/\/api.whatsapp.com\/send?text=The+Market+Yesterday+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F06%2F23%2Fthe-market-yesterday-114%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\/23\/the-market-yesterday-114\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572410\" class=\"content-area-description single-story post-572410 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 16.12 | Sell 16.22<br \/>\n <strong>EGP \/ USD at NBE: <\/strong>Buy 16.11 | Sell 16.21<\/p>\n<p><strong>EGX30<\/strong> (Monday): 10,742 (-0.8%)<br \/>\n <strong>Turnover:<\/strong> EGP 1.1 bn (40% above the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: -23.1%<\/p>\n<p><strong>THE MARKET ON MONDAY:<\/strong> The EGX30 ended Monday\u2019s session down 0.8%. CIB, the index\u2019s heaviest constituent, ended down 1.3%. EGX30\u2019s top performing constituents were EFG Hermes up 2.9%, Cleopatra Hospital up 2.6%, and Porto Group up 2.2%. Yesterday\u2019s worst performing stocks were SODIC down 3.2%, Eastern Co down 2.9% and CIRA down 2.1%. The market turnover was EGP 1.1 bn, and domestic investors were the sole net buyers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Short | EGP -96.1 mn<br \/>\n <strong>Regional<\/strong>: Net Short | EGP -37.6 mn<br \/>\n <strong>Domestic<\/strong>: Net Long | EGP +133.6 mn<\/p>\n<p><strong>Retail<\/strong>: 70.9% of total trades | 73.1% of buyers | 68.7% of sellers<br \/>\n <strong>Institutions<\/strong>: 29.1% of total trades | 26.9% of buyers | 31.3% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 40.46 (+1.79%)<br \/>\n <strong>Brent:<\/strong> USD 42.98 (+1.87%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 1.66 MMBtu, (-0.54%, July 2020 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,764.30 \/ troy ounce (+0.64%)<\/p>\n<p><strong>TASI:<\/strong> 7,260.09 (-1.17%) (YTD: -13.46%)<br \/>\n <strong>ADX:<\/strong> 4,346.92 (+0.28%) (YTD: -14.36%)<br \/>\n <strong>DFM:<\/strong> 2,090.92 (+1.56%) (YTD: -24.38%)<br \/>\n <strong>KSE Premier Market:<\/strong> 5,505.92 (+0.43%)<br \/>\n <strong>QE:<\/strong> 9,260.54 (-0.26%) (YTD: -11.17%)<br \/>\n <strong>MSM:<\/strong> 3,509.93 (-0.44%) (YTD: -11.84%)<br \/>\n <strong>BB: <\/strong>1,278.52 (+0.31%) (YTD: -20.60%)<\/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=\"572411\" 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\/23\/572411\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572411\" class=\"content-area-description single-story post-572411 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>25 June (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>26 June (Friday): The IMF\u2019s executive board will decide on whether to disburse a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/16be15c7-809a-4228-ae03-8d3acd1c122f\">USD 5.2 bn standby loan<\/a>.<\/p>\n<p>30 June (Tuesday): Anniversary of the June 2013 protests, national holiday.<\/p>\n<p>1 July (Wednesday): Official reopening of Egypt\u2019s airspace to inbound and outbound international flights.<\/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":572378,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-572377","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"aae9a099-0b97-4532-8503-5a4ab752ca4f","teaser":"","photo_url":"https:\/\/ent.news\/2020\/6\/246.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>MENA execs are optimistic about Egypt, EY survey finds - 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\/mena-execs-are-optimistic-about-egypt-ey-survey-finds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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