{"id":572528,"date":"2020-06-29T04:36:27","date_gmt":"2020-06-29T04:36:27","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=572528"},"modified":"2025-12-16T08:37:49","modified_gmt":"2025-12-16T08:37:49","slug":"new-rules-on-how-we-all-observe-holidays-more-long-weekends","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/new-rules-on-how-we-all-observe-holidays-more-long-weekends\/","title":{"rendered":"New rules on how we all observe holidays = more long weekends"},"content":{"rendered":"<section id=\"572530\" 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=\"572530\">\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\/29\/what-were-tracking-on-29-june-2020\/\">\r\n                            What we\u2019re tracking on 29 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\/29\/what-were-tracking-on-29-june-2020\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The Madbouly Cabinet decided last night to make Thursday, 2 July a national holiday for the public and private sectors in observance of the anniversary of the 30 June protests that ended our Islamist interregnum, according to a <a href=\"https:\/\/bit.ly\/2NDKRne\">statement<\/a>.<\/p>\n<p>But of course it\u2019s just not that simple:<\/p>\n<p><strong>State-owned banks will be off on Wednesday<\/strong>, 1 July, as will any private sector banks whose fiscal years end 30 June. State banks always close their doors to the public at the end of their fiscal year to close their books.<\/p>\n<p><strong>All banks will be off on Thursday<\/strong>, the Central Bank of Egypt <a href=\"https:\/\/ent.news\/2020\/6\/PHOTO-2020-06-28-21-37-56.jpg\">said last night<\/a> in a new circular that set aside the previously announced 30 June bank holiday.<\/p>\n<p><strong>And the stock exchange <\/strong><strong><a href=\"https:\/\/bit.ly\/2Nzdj9Q\">will be closed<\/a><\/strong><strong> on Wednesday and Thursday<\/strong> as the bourse doesn\u2019t open when a significant part of the banking system is closed.<\/p>\n<p><strong>SMART POLICY- Cabinet has decided that we\u2019re going to have more long weekends from <\/strong><strong>now on. <\/strong>If a national holiday falls in the middle of the week, it will automatically be pushed to the following Thursday. The exceptions: Eid El Fitr, Eid El Adha, and Coptic Christmas. <strong>Mabrouk, everyone: <\/strong>We now have more clarity to plan <em>and <\/em>the promise of more long weekends. That\u2019s a win, so far as we\u2019re concerned, but <strong>enjoy redoing your corporate \/ school \/ personal calendars, boys and girls.<\/strong><\/p>\n<p><strong>Enterprise is also off on Thursday<\/strong> and will be back in your inboxes at the usual hour on Sunday morning.<\/p>\n<hr class=\"grey-line\">\n<p><strong>It\u2019s a big day for the future of our water supply \u2014 and of farmers \u2014 <\/strong>as the UN Security Council is set to talk GERD today after the issue was put on the agenda at the request of France. Egypt held talks with several council members ahead of the meeting to clarify its stance on the dispute, according to <a href=\"http:\/\/gate.ahram.org.eg\/News\/2433165.aspx\">Ahram Gate<\/a>.<\/p>\n<p><strong>Egypt rallies int\u2019l support as GERD talks resume:<\/strong> The Emigration Ministry released a video over the weekend urging viewers to sign <a href=\"https:\/\/www.change.org\/p\/the-federal-democratic-republic-of-ethiopia-egyptians-right-to-the-water-of-the-nile\">a petition<\/a> for Ethiopia to abide by the 2015 Declaration of Principles and refrain from filling the reservoirs of its Grand Ethiopian Renaissance Dam without reaching an agreement with its downstream neighbors, Sudan and Egypt (<a href=\"https:\/\/bit.ly\/31q4XcX\">watch, runtime 1:39<\/a>). The video comes as the three countries <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7a0f5cd7-c016-48d3-ab35-9314e7afbf36\">have returned<\/a> to the negotiating table this week in a last-ditch effort to reach a final pact on the dam.<\/p>\n<p><strong>Meanwhile, Egypt should receive the first USD 2 bn tranche of the IMF\u2019s USD 5.2 bn <\/strong><strong>standby loan<\/strong><strong> within the next few days<\/strong>, Central Bank of Egypt Deputy Governor Ramy Aboul Naga told Al Arabiya (<a href=\"https:\/\/www.alarabiya.net\/ar\/aswaq\/economy\/2020\/06\/28\/%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A-%D9%84%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9-%D9%87%D8%B0%D9%87-%D8%AA%D9%81%D8%A7%D8%B5%D9%8A%D9%84-%D8%A7%D9%84%D9%82%D8%B1%D9%88%D8%B6-%D8%A7%D9%84%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9\">watch, runtime: 7:14<\/a>). The IMF had <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e4b88b68-45c9-4f66-bbba-1e8999ee8f3f\">approved on Friday<\/a> the loan, which will help the country plug a balance of payments shortfall and finance the budget deficit. The remaining USD 3.2 bn will be doled out in two further tranches after staff reviews.<\/p>\n<p><strong>And no, you weren\u2019t imaging things: A 5.5 magnitude earthquake hit Cairo yesterday <\/strong><strong>evening <\/strong>at around 7:43 pm, said Gad El-Kadi, head of the National Institute of Astronomical Research, according to <a href=\"http:\/\/gate.ahram.org.eg\/News\/2433105.aspx\">Ahram Gate<\/a>. <\/p>\n<hr class=\"grey-line\">\n<p><strong>Add the <\/strong><strong><a href=\"https:\/\/www.ft.com\/content\/3084e0e4-c5ce-45ab-bcea-1480726fbdb8\">Financial Times<\/a><\/strong><strong> to the list of folks concerned about what school closures and <\/strong><strong>\u201chybrid learning\u201d could mean for working parents. <\/strong>As we suggested yesterday, businesses need to consider what the possibility of blended learning could mean to their staff come September, which is not that many sleeps away.<\/p>\n<p><strong>One good piece of news for folks with young ankle biters in the house: <\/strong><strong>Nurseries will be <\/strong><strong>permitted to reopen<\/strong> as early as this Wednesday under guidelines announced by Social Solidarity Minister Nivine Kabbag (<a href=\"https:\/\/www.youtube.com\/watch?v=TVf31LDWAso\">watch, runtime: 12:41<\/a>). Kabbag told ExtraNews that nurseries will be allowed to operate four days a week \u2014 from Sunday through Wednesday \u2014 but will have to close their doors each day at 3pm rather than 5pm. All staff members will be required to wear masks and gloves (kids are exempt).<\/p>\n<p><strong>COVID-19 IN EGYPT-<\/strong><\/p>\n<p><strong>The Health Ministry <\/strong><strong><a href=\"https:\/\/bit.ly\/3g7OFJQ\">confirmed<\/a><\/strong><strong> 81 new deaths from covid-19 yesterday<\/strong>, bringing the country\u2019s total death toll to 2,789. Egypt has now disclosed a total of 65,188 confirmed cases of covid-19, after the ministry reported <strong>1,265 new infections yesterday<\/strong>. We now have a total of 17,538 cases that have fully recovered.<\/p>\n<p><strong>New guidelines: <\/strong>Following World Health Organization guidelines, the Health Ministry is now considering any covid-19 patient who shows no symptoms for 10 days as being fully recovered, according to the statement. The last confirmed figure for the number of confirmed cases that tested negative for the virus after being hospitalized or isolated was 18,658 on Saturday.<\/p>\n<p><strong>Rep. Abdel Rehim Ali has tested positive for covid-19<\/strong> and has been hospitalized in an ICU in a hospital in Paris, where he was attending a conference on the crisis in Libya, <a href=\"https:\/\/bit.ly\/2VouT4U\">Al Shorouk<\/a> reports. Ali is the eleventh MP to have tested positive for the virus thus far, according to <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/373134\/Egypt\/Politics-\/Two-more-Egyptian-MPs-test-positive-for-coronaviru.aspx\">Ahram Online<\/a>.<\/p>\n<p><strong>Some 50% of the 300k registered restaurants, hotels, and tourist facilities in Giza<\/strong> opened their doors on Saturday, when the government <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/dcefeb8c-dfce-4a69-a3a6-6f48f6f5c240\">lifted the curfew<\/a> and allowed a host of non-essential services to return to normal working hours for the first time in three months, <a href=\"https:\/\/bit.ly\/3dB16fj\">according to Al Mal<\/a>. The Consumer Protection Agency, along with the Health and Tourism Ministries, have started inspecting facilities at random to ensure they abide by the precautionary measures, including a 25% cap on occupancy. The Tourism Ministry has handed out safety certificates to 144 restaurants and cafes, a <a href=\"https:\/\/bit.ly\/2VpcFQy\">statement<\/a> said.<\/p>\n<p><strong>Matrouh\u2019s El Negelah Hospital, the country\u2019s first dedicated covid-19 quarantine facility, <\/strong><strong>is resuming operations as a full-service hospital<\/strong> and will no longer be limited to operating as a quarantine facility, deputy director Mohamed Ibrahim said (<a href=\"https:\/\/www.youtube.com\/watch?v=w8JJTFKJc6c\">watch, runtime: 5:49<\/a>). The hospital is still treating covid-19 patients.<\/p>\n<p><strong>Uber\u2019s Careem expects demand for its services to pick up sooner <\/strong><strong>than initially projected<\/strong>, and return to pre-corona levels sometime in 2021 as countries relax lockdown measures, CEO Mudassir Sheikha told <a href=\"https:\/\/ara.reuters.com\/article\/businessNews\/idARAKBN23Z0E9\">Reuters\u2019 Arabic service<\/a>. The pandemic has hit the ride-hailing company hard, forcing it to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/94b23f6d-874a-4f4e-89f2-8bad152190ff\">slash 31% of its workforce<\/a> in May after business fell by 80%. Both Careem and parent company Uber have indefinitely <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4e821554-1292-4334-987f-868c5b35ab67\">suspended recruiting new drivers<\/a> amid the slump in activity.<\/p>\n<p><strong>Reminder: We\u2019re also reopening our international airspace on Wednesday, 1 July<\/strong>, with EgyptAir set to resume flights to 22 destinations. You can find details on the flights and how to confirm your bookings <a href=\"https:\/\/bit.ly\/2NqULbZ\">here<\/a>.<\/p>\n<p><strong>Three tour groups are set to arrive in Egypt in early July<\/strong>, said Travco Tourism Group General Manager Moataz Sedky, which organized the tours, according to <a href=\"https:\/\/bit.ly\/3dG23TG\">Hapi Journal<\/a>. The Travco groups are coming out of Italy, Belgium, and Ukraine. Charter flights <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/33b84d16-6860-471b-a8ae-0a636614a86e\">are resuming<\/a> at the beginning of the month to the Red Sea, South Sinai, and Matrouh.<\/p>\n<p class='web-image stand-out-borderless' ><a href='https:\/\/somabay.com\/'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/SOMA-ENTERPRISE-3-1600px.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\n<p><strong>ON THE GLOBAL FRONT-<\/strong><\/p>\n<p><strong>The covid-19 pandemic reached a grim milestone yesterday as the global <\/strong><strong>infection count crossed into eight figures.<\/strong> <a href=\"https:\/\/coronavirus.jhu.edu\/map.html\">Johns Hopkins University data<\/a> shows that there have now been more than <strong>10 mn cases of the virus and <\/strong><strong>500k deaths<\/strong> since the outbreak began in China at the start of the year. The news comes as the US health secretary warned that <a href=\"https:\/\/www.ft.com\/content\/6eea1032-4ce6-4209-9242-bffbfae17eb3\">the \u201cwindow is closing\u201d to halt the spread<\/a> of the virus across America and as the New York Times reported that <a href=\"https:\/\/www.nytimes.com\/2020\/06\/28\/world\/coronavirus-updates.html\">US testing sites are overwhelmed<\/a>.<\/p>\n<p><strong>Another 500k people in China have been locked down,<\/strong> after authorities detected a new virus cluster near Beijing, <a href=\"https:\/\/www.dw.com\/en\/china-puts-500000-in-lockdown-as-coronavirus-cases-rise-again\/a-53972118\">Deutsche Welle<\/a> reports.<\/p>\n<p><strong>EGYPT BEYOND COVID- <\/strong><\/p>\n<p><strong>The <\/strong><strong><a href=\"http:\/\/www.epea-eg.org\/\">Egyptian Private Equity Association<\/a><\/strong> is holding a webinar with <strong>Sovereign Fund of <\/strong><strong>Egypt head Ayman Soliman today at 11 am<\/strong>. Moderated by EPEA chairman and the fund\u2019s <a href=\"https:\/\/enterprise.press\/2020\/06\/22\/spotlight-introducing-new-chief-investment-officer-sovereign-fund-egypt-abdullah-el-ebiary\/\">new CIO Abdalla Elebiary<\/a>, the session will cover the fund\u2019s targets, plans and partnerships. <a href=\"http:\/\/www.epea-eg.org\/contact-epea\/\">Contact the EPEA for more info<\/a>.<\/p>\n<p><strong><a href=\"https:\/\/mint.eg-bank.com\/Home\/Home\/index\">EG Bank<\/a><\/strong><strong> and <\/strong><strong><a href=\"https:\/\/www.facebook.com\/cairoangels\/\">Cairo Angels<\/a><\/strong><strong> are now accepting applications for the fall 2020 cycle of <\/strong><strong>the Mint Incubator.<\/strong> The program will for the first time feature a dedicated track for fintech startups.The deadline for applications is 15 August. <a href=\"https:\/\/mint.eg-bank.com\/Home\/Incubator\/Applynow\">Apply here<\/a>.<\/p>\n<p><strong>AND THE REST OF THE WORLD- <\/strong><\/p>\n<p><strong>Three Egyptian businesses made it into <\/strong><strong><a href=\"https:\/\/www.forbesmiddleeast.com\/list\/top-100-arab-family-businesses-in-the-middle-east-2020-1\">Forbes\u2019 2020<\/a><\/strong><strong> Top 100 Arab Family <\/strong><strong>Businesses in the Middle East<\/strong>, which is dominated by Emirati and Saudi firms. Egypt\u2019s <strong>Mansour<\/strong> Group \u2014 managed by Mohamed, Yassin and Youssef Mansour \u2014 landed in the top spot on the list overall, with a combined wealth of USD 7.4 bn. Memaar <strong>Al Morshedy<\/strong> ranked 55, while <strong>ElAraby<\/strong> Group ranked 68.<\/p>\n<p><strong>More big brands have pulled their ads from social media for the foreseeable future: <\/strong><strong>Starbucks, Levi\u2019s, Hersheys and alcohol maker Diageo <\/strong>have all joined Unilever, Coca-Cola and Verizon in pulling out of most forms of social media for a six-month period amid suggestions that Facebook, in particular, has become a toxic player in global society. Most of the bans appear so far to apply primarily to the companies\u2019 US media spend. Diageo\u2019s moratorium on social media spending is global, the <a href=\"https:\/\/www.ft.com\/content\/78d8095f-83d4-49d3-9aff-ce2c6aa85956\">Financial Times<\/a> notes. <a href=\"https:\/\/www.cnbc.com\/2020\/06\/28\/starbucks-latest-company-to-pause-ads-across-social-media-platforms.html\">CNBC<\/a> has more.<\/p>\n<p><strong>It\u2019s the salmon-colored paper\u2019s equivalent of newbie foreign reporters showing up in <\/strong><strong>Cairo and <\/strong><strong>talking to taxi drivers<\/strong> to take the pulse of the \u201cArab street,\u201d but there\u2019s a kernel of truth nonetheless to Rana Foroohar\u2019s latest column for the FT, wherein she argues that the picture painted by small businesses offers a much grimmer assessment of the health of he US economy than does the performance of the stock market. <a href=\"https:\/\/www.ft.com\/content\/da6e13f2-8913-4d97-a0ff-124347b5ad4d\">Read: Small business: a canary in the US economic coal mine<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/aviation\/\">aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/careem\/\">Careem<\/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\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/elaraby-group\/\">Elaraby 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src=\"https:\/\/i0.wp.com\/ent.news\/internal\/27483.png?fit=300%2C300&#038;ssl=1\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Powering with nature<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-0ce8zrz\" data-v=\"4\" data-block-id=\"0ce8zrz\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-0ce8zrz-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-0ce8zrz-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240926.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.qalaaholdings.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/110691.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Driving growth<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-left\" class=\"svg-inline--fa fa-chevron-left\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M34.52 239.03L228.87 44.69c9.37-9.37 24.57-9.37 33.94 0l22.67 22.67c9.36 9.36 9.37 24.52.04 33.9L131.49 256l154.02 154.75c9.34 9.38 9.32 24.54-.04 33.9l-22.67 22.67c-9.37 9.37-24.57 9.37-33.94 0L34.52 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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=\"572532\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/29\/covid-19-back-in-the-limelight-on-egypts-talk-shows\/\">\r\n                            Covid-19 back in the limelight on Egypt\u2019s talk shows                        <\/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 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href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2020\/06\/29\/covid-19-back-in-the-limelight-on-egypts-talk-shows\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Covid-19 back in the limelight on Egypt\u2019s talk shows&url=https:\/\/enterpriseam.com\/egypt\/2020\/06\/29\/covid-19-back-in-the-limelight-on-egypts-talk-shows\/\">\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\/29\/covid-19-back-in-the-limelight-on-egypts-talk-shows\/&title=Covid-19 back in the limelight on Egypt\u2019s talk shows\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Covid-19+back+in+the+limelight+on+Egypt%E2%80%99s+talk+shows+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F06%2F29%2Fcovid-19-back-in-the-limelight-on-egypts-talk-shows%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\/29\/covid-19-back-in-the-limelight-on-egypts-talk-shows\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572532\" class=\"content-area-description single-story post-572532 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-covid-19 tag-enterprise-last-nights-talk-shows tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Covid-19 was in the limelight on the airwaves last night<\/strong> after the country took its latest steps towards reopening the economy on Saturday.<\/p>\n<p><strong>The government could decide to re-impose lockdown measures, including returning to <\/strong><strong>the nighttime curfew if the infection rate spikes<\/strong> as a result of the reopening, Cabinet spokesman Nader Saad told Masaa DMC\u2019s Eman El Hosary. Saad reminded viewers that the pandemic is not over \u2014 and that everybody should follow personal precautionary measures laid out by the government, including wearing face masks in closed spaces and on public transport (<a href=\"https:\/\/www.youtube.com\/watch?v=gNakZPm981E\">watch, runtime: 6:20<\/a>).<\/p>\n<p><strong>We\u2019re seeing more cases, but fewer people in critical condition<\/strong>, Hossam Hosni, head of the scientific committee at the Health Ministry told Al Kahera Alaan\u2019s Lamees El Hadidi. Around 2-3% of new daily confirmed cases are considered \u201ccritical\u201d and only 10% require ICU treatment, Hosni said <a href=\"https:\/\/www.youtube.com\/watch?v=cqBb7-_t21Y\">(watch, runtime: 2:15)<\/a>.<\/p>\n<p>On the bright side,<strong> the pandemic accelerated the adoption of e-learning, which is part of <\/strong><strong>the Education Ministry\u2019s broad reform program<\/strong>, Minister Tarek Shawki told El Hekaya\u2019s Amr Adib. Shawki noted that the ministry has rolled out several online communication platforms and online libraries for students to benefit from (<a href=\"https:\/\/www.youtube.com\/watch?v=CmN5XmeK0fg\">watch, runtime: 11:24<\/a>).<\/p>\n<p><strong>Are you ready for an electric 128?<\/strong> State-owned El Nasr Automotive is expected to complete feasibility studies and sign a final agreement to assemble as many as 25k electric cars a year with a Chinese company within three months, Public Enterprises Minister Hisham Tawfik told \u2018Ala Mas\u2019ouleety\u2019s Ahmed Moussa. Tawfik didn\u2019t name the company, but we\u2019re still banking on it being Wuhan-based Dongfeng, which was in negotiations with El Nasr to assemble EVs since last year before the covid-19 pandemic delayed talks. Tawfik expects each car to retail for about EGP 300k (<a href=\"https:\/\/www.youtube.com\/watch?v=7oCVlojpeto\">watch, runtime: 18:38<\/a>).<\/p>\n<p>In other transport updates, <strong>Transport Minister Kamel El Wazir broke down his ministry\u2019s <\/strong><strong>plan to develop the Arab Organization for Industrialization\u2019s Semaf railway factory<\/strong>, which <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/57662538-8a78-4e7d-9e79-414722b80e44\">should be complete<\/a> by October 2020 (<a href=\"https:\/\/www.youtube.com\/watch?v=cpl-c-KaMBQ\">watch, runtime: 52:53<\/a>).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"572533\" 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=\"572533\">\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\/29\/pioneers-holding-to-split-into-three-new-companies-list-on-egx-in-4q2020\/\">\r\n                            Pioneers Holding to split into three new companies, list on EGX in 4Q2020                        <\/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\/29\/pioneers-holding-to-split-into-three-new-companies-list-on-egx-in-4q2020\/\" 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\/29\/pioneers-holding-to-split-into-three-new-companies-list-on-egx-in-4q2020\/')\">\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\/29\/pioneers-holding-to-split-into-three-new-companies-list-on-egx-in-4q2020\/\">\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=Pioneers Holding to split into three new companies, list on EGX in 4Q2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/06\/29\/pioneers-holding-to-split-into-three-new-companies-list-on-egx-in-4q2020\/\">\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\/29\/pioneers-holding-to-split-into-three-new-companies-list-on-egx-in-4q2020\/&title=Pioneers Holding to split into three new companies, list on EGX in 4Q2020\">\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=Pioneers+Holding+to+split+into+three+new+companies%2C+list+on+EGX+in+4Q2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F06%2F29%2Fpioneers-holding-to-split-into-three-new-companies-list-on-egx-in-4q2020%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\/29\/pioneers-holding-to-split-into-three-new-companies-list-on-egx-in-4q2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572533\" class=\"content-area-description single-story post-572533 post type-post status-publish format-standard hentry category-speed-round tag-enterpriseam tag-ipo-watch tag-pioneers-holding 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-02\"><\/a> <strong>IPO WATCH- Pioneers Holding to split into three new companies, list them on the EGX in <\/strong><strong>4Q2020: <\/strong>Pioneers Holding plans to split into three separate arms, one each focused on financial services, real estate, and industry, it announced in a <a href=\"https:\/\/www.egx.com.eg\/downloads\/News\/%d8%a8%d8%a7%d9%8a%d9%88%d9%86%d9%8a%d8%b1%d8%b2%20%d9%86%d8%aa%d8%a7%d8%a6%d8%ac%20%d8%a7%d8%b9%d9%85%d8%a7%d9%84%2028-6-2020.pdf\">statement (pdf)<\/a>. This will mean that Pioneers will be spinning three subsidiaries off onto the EGX under three separate tickers in 4Q2020 in a first-of-its-kind move in Egypt. The restructuring, which the company <a href=\"https:\/\/enterprise.press\/stories\/2019\/10\/02\/pioneers-holding-to-make-five-mtos-split-into-three-companies\/\">announced<\/a> in October, aims to help expand into new businesses while improving its focus on core activities, the statement said. The company has recently completed an MTO in a bid to cobble together larger positions in five of its EGX-listed subsidiaries \u2014 which wrapped up <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8a4fb9b9-9247-4715-9888-31eec45f5360\">earlier this month<\/a> \u2014 before moving ahead with the restructuring.<\/p>\n<p><strong>Advisors:<\/strong> UHY United is acting as Pioneers\u2019 financial advisor and Baker McKenzie is providing legal advice.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ipo-watch\/\">IPO watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pioneers-holding\/\">Pioneers Holding<\/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=\"572549\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"572550\" 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=\"572550\">\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\">Image of the Day<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/29\/robo-gastronomy-may-be-the-future\/\">\r\n                            Robo-gastronomy may be the future                        <\/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\/29\/robo-gastronomy-may-be-the-future\/\" 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\/29\/robo-gastronomy-may-be-the-future\/')\">\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\/29\/robo-gastronomy-may-be-the-future\/\">\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=Robo-gastronomy may be the future&url=https:\/\/enterpriseam.com\/egypt\/2020\/06\/29\/robo-gastronomy-may-be-the-future\/\">\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\/29\/robo-gastronomy-may-be-the-future\/&title=Robo-gastronomy may be the future\">\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=Robo-gastronomy+may+be+the+future+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F06%2F29%2Frobo-gastronomy-may-be-the-future%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\/29\/robo-gastronomy-may-be-the-future\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/300.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"572551\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/29\/robo-gastronomy-may-be-the-future\/300-jpg-11\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/300.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"300.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/300.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/300.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572550\" class=\"content-area-description single-story post-572550 post type-post status-publish format-standard has-post-thumbnail hentry category-image-of-the-day tag-covid-19 tag-enterpriseam tag-food-and-beverage tag-image-of-the-day tag-pandemic tag-technology wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Robo-gastronomy may be the future:<\/strong> A pandemic sure can change your neuroses. Just six months ago the coming robot takeover was a serious source of existential angst. Now, we\u2019re begging them to cook us our koshary. <a href=\"https:\/\/www.prnewswire.co.uk\/news-releases\/country-garden-builds-the-world-s-first-ever-robot-restaurant-complex-in-guangdong-china-849139066.html\">This restaurant<\/a>, developed by Country Garden subsidiary Qianxi Robot Catering Group, is the world\u2019s first ever contactless, fully automated robotic eatery \u2014 perfect for those among us who are now terrified of coming into contact with other humans while eating out.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/food-and-beverage\/\">food and beverage<\/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\/pandemic\/\">pandemic<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/technology\/\">technology<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"572552\" 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=\"572552\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/29\/egypt-in-the-news-on-29-june-2020\/\">\r\n                            Egypt in the News on 29 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\/29\/egypt-in-the-news-on-29-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\/29\/egypt-in-the-news-on-29-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\/29\/egypt-in-the-news-on-29-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 29 June 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/06\/29\/egypt-in-the-news-on-29-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\/29\/egypt-in-the-news-on-29-june-2020\/&title=Egypt in the News on 29 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+29+June+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F06%2F29%2Fegypt-in-the-news-on-29-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\/29\/egypt-in-the-news-on-29-june-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572552\" class=\"content-area-description single-story post-572552 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-covid-19 tag-egypt-in-the-news tag-el-gouna-film-festival tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Egyptian belly-dancer Sama El Masry\u2019s three-year jail sentence and EGP 300k fine <\/strong><strong>is leading the conversation on Egypt in the foreign press.<\/strong> El Masry was arrested in April after sharing videos online which the court said incite \u201cimmorality\u201d and upend Egyptian family values. The dancer denies the allegations, and claims the videos were stolen and uploaded from her phone without her knowledge. (<a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL5N2E4028\">Reuters<\/a> | <a href=\"https:\/\/news.sky.com\/story\/egypt-jails-belly-dancer-for-debauchery-in-social-media-crackdown-12016460\">Sky News<\/a> | <a href=\"https:\/\/www.independent.co.uk\/news\/world\/middle-east\/egypt-belly-dancer-jail-sama-el-masry-a9589741.html\">Independent<\/a> | <a href=\"https:\/\/www.timesofisrael.com\/egyptian-belly-dancer-sentenced-to-3-years-in-prison-for-debauchery\/\">Times of Israel<\/a> | <a href=\"https:\/\/www.mirror.co.uk\/news\/world-news\/egypt-court-jails-belly-dancer-22265009\">The Mirror<\/a> | <a href=\"https:\/\/www.telegraph.co.uk\/news\/2020\/06\/28\/egyptian-belly-dancer-sentenced-prison-sexually-suggestive-posts\/\">The Telegraph<\/a>)<\/p>\n<p>Elsewhere: <strong>Egypt\u2019s film festivals are set to go ahead as planned in 2H2020<\/strong> as covid-19 restrictions are lifted, according to <a href=\"https:\/\/www.al-monitor.com\/pulse\/originals\/2020\/06\/egypt-international-film-festivals-schedule-coronavirus.html\">Al Monitor<\/a>. This includes El Gouna Film Festival, the Cairo International Film Festival, and Alexandria International Film Festival for Mediterranean Countries.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/el-gouna-film-festival\/\">El Gouna Film Festival<\/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=\"572553\" 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=\"572553\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/29\/egypt-imports-5-mn-tonnes-of-wheat-in-1h2020\/\">\r\n                            Egypt imports 5 mn tonnes of wheat in 1H2020                        <\/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\/29\/egypt-imports-5-mn-tonnes-of-wheat-in-1h2020\/\" 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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State grain buyer GASC accounted for a little over half of the imports, while the remainder was imported by private sector players. Russia was our biggest source market, providing 46.52% of the wheat we imported during the first six months of the year, followed by Ukraine (25.19%) and France (12.25%).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/bulgaria\/\">Bulgaria<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy-foreign-trade\/\">Diplomacy + Foreign Trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/france\/\">France<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gasc\/\">GASC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/russia\/\">Russia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ukraine\/\">Ukraine<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/wheat\/\">wheat<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"572557\" 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=\"572557\">\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\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/29\/the-market-yesterday-118\/\">\r\n                            The Market Yesterday                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/29\/the-market-yesterday-118\/\" 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\/29\/the-market-yesterday-118\/')\">\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\/29\/the-market-yesterday-118\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=The Market Yesterday&url=https:\/\/enterpriseam.com\/egypt\/2020\/06\/29\/the-market-yesterday-118\/\">\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\/29\/the-market-yesterday-118\/&title=The Market Yesterday\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=The+Market+Yesterday+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F06%2F29%2Fthe-market-yesterday-118%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\/29\/the-market-yesterday-118\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572557\" class=\"content-area-description single-story post-572557 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 16.12 | Sell 16.22<\/p>\n<p> <strong>EGP \/ USD at CIB:<\/strong> Buy 16.12 | Sell 16.22<br \/>\n <strong>EGP \/ USD at NBE: <\/strong>Buy 16.10 | Sell 16.20<\/p>\n<p><strong>EGX30<\/strong> (Sunday): 10,849 (-0.4%)<br \/>\n <strong>Turnover:<\/strong> EGP 757 mn (6% below the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: -22.3%<\/p>\n<p><strong>THE MARKET ON SUNDAY:<\/strong> The EGX30 ended Sunday\u2019s session down 0.4%. CIB, the index\u2019s heaviest constituent, ended down 1.1%. EGX30\u2019s top performing constituents were Porto Group up 6.1%, Ibnsina Pharma up 4.0%, and CIRA up 3.4%. Yesterday\u2019s worst performing stocks were Elsewedy Electric down 3.4%, Madinet Nasr Housing down 1.8% and Ezz Steel down 1.7%. The market turnover was EGP 757 mn, and domestic investors were the sole net buyers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Short | EGP -50.6 mn<br \/>\n <strong>Regional<\/strong>: Net Short | EGP -12.1 mn<br \/>\n <strong>Domestic<\/strong>: Net Long | EGP +62.8 mn<\/p>\n<p><strong>Retail<\/strong>: 73.0% of total trades | 75.4% of buyers | 70.6% of sellers<br \/>\n <strong>Institutions<\/strong>: 27.0% of total trades | 24.6% of buyers | 29.4% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 38.49 (-0.59%)<br \/>\n <strong>Brent:<\/strong> USD 41.02 (-0.07%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 1.54 MMBtu, (-0.13%, August 2020 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,780.30 \/ troy ounce (+0.55%)<\/p>\n<p><strong>TASI:<\/strong> 7,292.62 (+0.83%) (YTD: -13.07%)<br \/>\n <strong>ADX:<\/strong> 4,304.55 (+0.44%) (YTD: -15.19%)<br \/>\n <strong>DFM:<\/strong> 2,085.04 (-0.07%) (YTD: -24.59%)<br \/>\n <strong>KSE Premier Market:<\/strong> 5,656.43 (0.00%)<br \/>\n <strong>QE:<\/strong> 9,128.05 (-0.62%) (YTD: -12.45%)<br \/>\n <strong>MSM:<\/strong> 3,524.47 (-0.04%) (YTD: -11.47%)<br \/>\n <strong>BB: <\/strong>1,277.20 (-0.17%) (YTD: -20.68%)<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-market-yesterday\/\">The Market Yesterday<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"572558\" 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\/29\/572558\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572558\" class=\"content-area-description single-story post-572558 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>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\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":572529,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-572528","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"8b902eed-b006-4744-8ec9-2f69f10ab45c","teaser":"","photo_url":"https:\/\/ent.news\/2020\/6\/293.jpg"},"yoast_head":"<!-- This site is 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