{"id":572568,"date":"2020-06-30T04:28:07","date_gmt":"2020-06-30T04:28:07","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=572568"},"modified":"2025-12-16T08:39:07","modified_gmt":"2025-12-16T08:39:07","slug":"1h-sucked-and-the-who-says-worst-is-yet-to-come","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/1h-sucked-and-the-who-says-worst-is-yet-to-come\/","title":{"rendered":"1H sucked \u2014 and the WHO says \u201cworst is yet to come\u201d"},"content":{"rendered":"<section id=\"572570\" 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=\"572570\">\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\/30\/what-were-tracking-on-30-june-2020\/\">\r\n                            What we\u2019re tracking on 30 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\/30\/what-were-tracking-on-30-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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Sure, 2H wins the Global, All-Time Bad Half Sweepstakes \u2014 but only because the first and second world wars broke out in 2H. (As did the Great Depression\u2026)<\/p><p><strong>2020:<\/strong> The year that just keeps on giving. Maybe \u201chindsight is 20\/20\u201d was meant as some kind of cryptic warning from the future?<\/p><p><strong>The big news of the day?<\/strong> The World Health Organization is warning that the pandemic is speeding up globally and that <strong>\u201cthe worst yet to come\u201d<\/strong> (details below).<\/p><p><strong>Some thoughts as we prepare to kick off the second half of the year <\/strong>\u2014 and the state\u2019s new fiscal year:<\/p><p><strong>Regularly scheduled commercial flights to and from Egypt resume tomorrow <\/strong>with EgyptAir flying to 22 destinations. You can find details on the flights and how to confirm your bookings <a href=\"https:\/\/www.egyptair.com\/en\/about-egyptair\/news-and-press\/Pages\/EGYPTAIR%20is%20back%20to%20the%20Sky%20as%20of%2001July%202020.aspx\">here<\/a>. The national flag carrier aims to add seven more destinations by mid-July. <strong>EgyptAir is offering 20% breaks on flights to and from Europe<\/strong>, the company told <a href=\"https:\/\/bit.ly\/2NCiw0u\">the domestic press<\/a>.<\/p><p><strong>EgyptAir\u2019s most-booked destinations so far? <\/strong>Paris, New York and London.<\/p><p><strong>The 2020-2021 budget is on President Abdel Fattah El Sisi\u2019s desk for signature. <\/strong>It goes into effect tomorrow if it is signed today. If not, the current budget resets and guides spending and revenue priorities from tomorrow until a new one is passed.<\/p><p><strong>Your wage tax bill could soon get a little bit more expensive: <\/strong>The state\u2019s coffers will benefit in the new fiscal year from <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6e8865f7-5cd2-4c12-9ce9-ed5dcdbd6d18\">a 1% surtax on all salaries<\/a> for coming fiscal year to help fight covid-19. The surtax is also yet to pass in the House.<\/p><p><strong>Electricity bills are going up by some 16-30% for residential consumers starting <\/strong><strong>tomorrow <\/strong>in the government\u2019s final phase out of electric subsidies for the highest consumption brackets. You can find the full breakdown of the new pricing structure for household customers <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/78b3ac0c-8571-47a4-802c-abf1b65a5044\">here<\/a>. The full phase-out of subsidies will now take place in 2025.<\/p><p><strong>University exams start tomorrow<\/strong> and the 2019-2020 academic year has been <a href=\"https:\/\/bit.ly\/2YWrfQA\">extended to 15<\/a><a href=\"https:\/\/bit.ly\/2YWrfQA&amp;usg=AOvVaw0-donYIgINfNZK-Af0xOU_\">September<\/a> (rather than 31 July) as a result.<\/p><p><strong>A ray of sunshine: China said this morning that factory activity expanded in June <\/strong>as the official purchasing manager\u2019s index showing both supply and demand picking up.<\/p><p><strong>Asian markets are up <\/strong>in early trading this morning as a result. Futures suggest markets in Europe, the US and Canada will follow suit.<\/p><p><strong>Key news triggers coming up in July<\/strong>:<\/p><ul>\n<li><strong>PMI:<\/strong> The purchasing managers\u2019 index for June is due on 6 July. The contraction in Egypt\u2019s non-oil private sector was <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/01aa96e1-9ef6-430b-93ef-9e3d81050632\">slightly less catastrophic last month<\/a>, recovering somewhat from the all-time lows seen in April \u2014 the first full month under lockdown restrictions. Expect the contraction to have eased further this month as the government started to unwind the lockdown.<\/li>\n<li><strong>Foreign reserves:<\/strong> Foreign reserves figures for June should be out sometime next week. Reserves have fallen by almost USD 10 bn over the past three months to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c885a8d1-9772-4b40-b60d-b789bc0d7a53\">USD 36 bn<\/a> as the central bank stepped up purchases of strategic goods and covered debt payments during the height of the covid-19 crisis.<\/li>\n<li><strong>Inflation:<\/strong> Inflation data for June will land Thursday, 9 June. Price growth slowed to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8e44c93f-4611-4914-bf37-a9990128b4df\">six-month lows of 4.7% in May<\/a>.<\/li>\n<\/ul><p><strong>Is an announcement on new EBRD funding for Egypt\u2019s tourism industry <\/strong><strong>imminent?<\/strong> International Cooperation Minister Rania Al Mashat <a href=\"https:\/\/bit.ly\/2VtuGgu\">held talks yesterday<\/a> with the European Bank for Reconstruction and Development (EBRD), a few days after <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fb68037d-dced-4d3a-b205-7eed84f01247\">the bank announced<\/a> that Egypt could be in line for an unspecified amount of emergency funding to rescue its tourism sector.<\/p><p><strong>MORNING READ- <\/strong><strong><a href=\"https:\/\/www.nytimes.com\/2020\/06\/29\/technology\/working-from-home-failure.html\">The long, unhappy history of working from home<\/a><\/strong> in the New York Times. Look, we\u2019re not fear-mongering. Like Inktank, our parent company, we\u2019ve been fully WFH since early March, and we\u2019re still here, right? In fact, Enterprise\u2019s night shift \u2014 pre-corona \u2014 worked from home four out of five days every week. The key here is \u201cfour out of every five\u201d: In our experience, <strong>culture is built in the office and tested in remote work<\/strong>, and it\u2019s critical that we all remember that WFH works for \u201cmany\u201d jobs in \u201cmany\u201d industries \u2014 but not every job at every company.<\/p><p><strong>*** Want to start your own business? <\/strong>You have only have a few days to submit entries to Giz Egypt\u2019s <a href=\"https:\/\/bit.ly\/2CTy2mL\">CouchPitch initiative<\/a>. The partnership with Himangel and Mint Incubator will matchmake startups with angel investors. Deadline for entry is 4 July and the event will take place on 14 July.<\/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\/2AdZpH6\">confirmed<\/a><\/strong><strong> 83 new deaths from covid-19 yesterday<\/strong>, bringing the country\u2019s total death toll to 2,872. Egypt has now disclosed a total of 66,754 confirmed cases of covid-19, after the ministry reported 1,566 new infections yesterday. We now have a total of 17,951 confirmed cases that have fully recovered.<\/p><p><strong>At least seven covid-19 patients died in a fire at the isolation ward of Badrawy Hospital <\/strong><strong>in Alexandria<\/strong>, according to <a href=\"http:\/\/gate.ahram.org.eg\/News\/2433403.aspx&amp;usg=AOvVaw3A-mgnU_U3gHvh-bogaLQW\">Ahram Gate<\/a>. Another nine patients were injured in the fire. Public Prosecutor Hamada El Sawy has ordered an investigation into the incident, according to <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1992886\">Al Masry Al Youm<\/a>.<\/p><p><a id=\"tldr-story-08\" class=\"content-anchor\"><\/a> <strong>Nurseries will be operating at 50% capacity and all staff will be required to wear masks <\/strong>as part of the Social Solidarity Ministry\u2019s guidelines for nurseries looking to reopen their doors next week, according to <a href=\"https:\/\/bit.ly\/389wDUK\">a ministry statement<\/a>. Parents and outside visitors will be barred from entry. Other provisions: regular fever testing, maintaining an on-site isolation unit and a trained infection control officer. Social Solidarity Minister Nivine Kabbag yesterday 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 (<a href=\"https:\/\/www.youtube.com\/watch?v=TVf31LDWAso&amp;usg=AOvVaw22NLeLxef5z5KoTCEGI2Hh\">watch, runtime: 12:41<\/a>).<\/p><p><strong>It\u2019s unclear whether travellers from Egypt will be freely allowed into the UAE: <\/strong>The UAE will classify countries into three categories as air travel is set to resume. Green countries will be allowed freely into the UAE, yellow countries will have to take certain measures before entering, while red countries will be restricted from entry, Consulate General of Egypt in Dubai Younan Edward explained, according to <a href=\"https:\/\/bit.ly\/2YIb3n5\">Al Mal<\/a>. Edward added that the official announcement is still to be made and that Egypt has not yet been classified.<\/p><p><strong>Cairo Airport is installing 40 thermal cameras<\/strong> at a cost of EGP 7 mn, Chairman Mohamed Mahrous said, according to <a href=\"https:\/\/bit.ly\/2Vtb2kN\">Al Mal<\/a>. The airport\u2019s arrival halls will be fitted with the cameras by tomorrow, in time for the resumption of flights.<\/p><p><strong>Covid continues to spread among the nation\u2019s footballers ahead of league restart:<\/strong> Nineteen professional football players have now tested positive for covid-19, a source in the Egyptian Football Association (EFA) told <a href=\"https:\/\/bit.ly\/2Vt9UOq\">FilGoal<\/a>. The source added that the cases are distributed among eight clubs, but all are stable. <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/dcefeb8c-dfce-4a69-a3a6-6f48f6f5c240\">Zamalek FC said<\/a> last week that it would opt out of this season\u2019s Egyptian Premier League after the EFA reported <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7778452a-64dd-4588-b63b-01723164f4ac\">six new cases<\/a> among players<\/p><p><strong>CIB saw e-banking transactions double and smart wallet subscribers increase by 12%<\/strong> during March and April, compared to the first two months of 2020, CIB Chief Digital Officer Mohamed Farag told <a href=\"https:\/\/bit.ly\/38c0dJ7\">Masrawy<\/a>.<\/p><p><strong>The Egyptian General Petroleum Company (EGPC) will resume importing petroleum <\/strong><strong>and diesel<\/strong> in anticipation of an uptick in demand following the relaxation of lockdown measures, according to <a href=\"https:\/\/bit.ly\/2BLCeoa\">Al Mal<\/a>. The state oil firm suspended imports in March as Egypt\u2019s domestic production was sufficient to meet the low demand.<\/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><\/p><p><strong>ON THE GLOBAL FRONT-<\/strong><\/p><p><strong>WHO: \u201c<\/strong><strong><a href=\"https:\/\/www.cnbc.com\/2020\/06\/29\/who-warns-coronavirus-pandemic-is-speeding-up-as-countries-ease-lockdown-rules.html\">The worst is yet to come<\/a><\/strong> \u2026 [as] some countries have now experienced a resurgence of cases as they start to reopen their economies and societies.\u201d So said WHO boss Tedros Adhanom Ghebreyesus in remarks yesterday, adding: \u201cGlobally, the pandemic is actually speeding up. We all want this to be over. We all want to get on with our lives, but the hard reality is that this is not even close to being over.\u201d<\/p><p><strong>Some politicians in the United States are getting the message:<\/strong> <a href=\"https:\/\/www.nytimes.com\/2020\/06\/29\/nyregion\/Coronavirus-restaurants-reopening-ny-nj.html\">New York and New Jersey<\/a><a href=\"https:\/\/www.nytimes.com\/2020\/06\/29\/nyregion\/Coronavirus-restaurants-reopening-ny-nj.html&amp;usg=AOvVaw11jS5jhz-VDGw0puNT8Bb1\">are reconsidering<\/a> the pace at which they\u2019re re-opening. The case count in <a href=\"https:\/\/www.nytimes.com\/2020\/06\/29\/us\/california-coronavirus-reopening.html\">California is exploding<\/a> (Los Angeles is now the epicenter of the US outbreak), as is Texas. And <a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-usa\/california-has-record-surge-in-covid-19-cases-arizona-clamps-down-idUSKBN2401Z8\">Arizona is closing parts of the economy back down<\/a>.<\/p><p><strong>But hey, world leaders are back to face-to-face diplomacy<\/strong>, <a href=\"https:\/\/www.wsj.com\/articles\/post-lockdown-world-leaders-reboot-face-to-face-diplomacy-11593458962?mod=hp_listb_pos1\">the WSJ notes<\/a>, writing that, \u201cFour months of virtual meetings saved time and money but officials say the personal touch is needed for successful diplomacy.<\/p><p><strong>Iran reported a record number of daily covid-19 deaths yesterday with 162 fatalities<\/strong>, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-06-29\/iran-reports-record-number-of-daily-coronavirus-deaths?sref=mmeFTDW1\">Bloomberg<\/a>.<\/p><p><strong>Canadian theatrical circus operator Cirque du Soleil filed for bankruptcy protection<\/strong> on Monday after being starved of revenue from cancelled shows since the outbreak took hold, <a href=\"https:\/\/www.reuters.com\/article\/us-cirque-du-soleil-bankruptcy\/cirque-du-soleil-files-for-bankruptcy-protection-as-covid-19-cancels-shows-idUSKBN2402MO\">Reuters<\/a> reports.<\/p><p><strong>GLOBAL MACRO- <\/strong><\/p><p><strong>Trump\u2019s comments on China agreement, central bank stimulus boosts risk appetite for <\/strong><strong>EMs despite grim macro outlook: <\/strong>Bolstered by Trump\u2019s <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-06-26\/trump-s-comments-on-china-deal-bolster-risk-assets-em-review?sref=mmeFTDW1\">recent comments<\/a> that a US-China trade agreement is staying and a \u201ctidal wave of central-bank stimulus,\u201d risk appetite for emerging market assets is continuing to stage a rebound. The MSCI EM index is poised to post its strongest quarterly performance since 2010, and EM currencies have gained momentum over the past three months, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-06-28\/reckoning-looms-for-emerging-markets-as-economic-clouds-darken?sref=mmeFTDW1\">says Bloomberg<\/a>. While EM assets continue to gain, there\u2019s a split between those gains and the grim outlook in countries where cases are continuing to spiral out of control.<\/p><p><strong>AND THE REST OF THE WORLD- <\/strong><\/p><p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/Enron-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/p><p><strong>The Wirecard fintech scandal \u2014 now being dubbed the \u201cEnron of Germany\u201d \u2014 has<\/strong> <strong>galvanized calls for regulatory reform of the country\u2019s financial system,<\/strong> <a href=\"https:\/\/www.cnbc.com\/2020\/06\/29\/enron-of-germany-wirecard-scandal-casts-a-shadow-on-governance.html\">CNBC<\/a> reports. Germany\u2019s financial regulator is facing sharp criticism for its toothless oversight that enabled fraud in the fintech firm, along with Wirecard\u2019s long-time auditor EY, which is also currently caught up in <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9f9d6e05-4d54-43f8-9950-948c970373a9\">three other scandals<\/a>. Wirecard\u2019s founder and former CEO Markus Braun was <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/41871ab0-5e0f-41d2-9f4d-3a8a7ae06ad7\">arrested last week<\/a> after admitting that EUR 1.9 bn of cash reported on its balance sheet likely \u201cdoes not exist.\u201d<\/p><p><strong>Brazil bans WhatsApp mobile payments:<\/strong> The Brazilian central bank and competition watchdog has suspended WhatsApp\u2019s payments feature because of its concentrated share of the country\u2019s e-payments market, <a href=\"https:\/\/www.bloomberg.com\/amp\/news\/articles\/2020-06-23\/brazil-s-central-bank-suspends-whatsapp-payments\">Bloomberg<\/a> reports. The central bank has banned Mastercard and Visa from partnering with the Facebook product for payments and transfers and the regulator has ordered it to suspend its partnership with e-payment giant Cielo.<\/p><p><strong>Turkey is deepening its involvement in Libya:<\/strong> Turkish energy firm Karadeniz will bid soon to supply the Tripoli-based government in Libya with 1 GW of electricity, <a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL8N2E63BJ\">Reuters<\/a> reports.<\/p><p><strong>Terror attack on Karachi stock exchange:<\/strong> \u201cPakistani security officials killed four gunmen in Karachi as they tried to storm the stock exchange building with automatic rifles and grenades, the worst terror attack in the nation\u2019s financial hub in two years,\u201d reports <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-06-29\/pakistan-stock-exchange-says-building-under-attack-by-gunmen?srnd=premium-middle-east\">Bloomberg<\/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\/acwa-power\/\">ACWA Power<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/cib\/\">CIB<\/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\/egyptair\/\">EgyptAir<\/a>\n     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   \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\/30\/gerd-at-the-security-council-maait-on-egypts-economy-and-imf-funding\/\">\r\n                            GERD at the Security Council + Maait on Egypt\u2019s economy and IMF funding                        <\/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           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href=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/30\/gerd-at-the-security-council-maait-on-egypts-economy-and-imf-funding\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572572\" class=\"content-area-description single-story post-572572 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-enterprise-last-nights-talk-shows tag-enterpriseam tag-finance-ministry tag-mohamed-maait wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The UN Security Council meeting on the Grand Ethiopian Renaissance Dam (GERD) <\/strong><strong>was by far the most widely covered topic<\/strong> on the airwaves last night. Al Kahera Alaan\u2019s Lamees El Hadidi (<a href=\"https:\/\/www.youtube.com\/watch?v=_CvRFvD5Ndw&usg=AOvVaw1VIqAI2Bh3Xr36gTBnkKBJ\">watch, runtime: 3:24<\/a>), El Hekaya\u2019s Amr Adib (<a href=\"https:\/\/www.youtube.com\/watch?v=bMcdBJJFTS0&usg=AOvVaw1FJ6pJ45LCHnphrqf4Rn7J\">watch: runtime: 2:15<\/a>), and Masaa DMC\u2019s Eman El Hosary (<a href=\"https:\/\/www.youtube.com\/watch?v=g9tQ1bSPU3w&usg=AOvVaw1pCQ5jkFLfHts8gO3HyggT\">watch, runtime: 10:15<\/a>) each recapped Foreign Minister Sameh Shoukry\u2019s speech at the virtual meeting yesterday. We have chapter and verse in this morning\u2019s Speed Round, below.<\/p>\n<p><strong>All signs point to the dispute any resolution to the dispute emerging from the African Union <\/strong><strong>(AU)\u2019s mediation<\/strong>, especially after the AU said on Friday that the dispute is an African problem that should be addressed with African solutions, Al Ahram Center for Political and Strategic Studies consultant Hany Raslan told Lamees. <strong>That doesn\u2019t mean that Egypt has no recourse if things go awry<\/strong>, though \u2014 the dispute could be brought back to the Security Council at any time, Raslan stressed (<a href=\"https:\/\/www.youtube.com\/watch?v=DC39k3--2UU&usg=AOvVaw2fC_WdqQQkTHRGVbqHZs9q\">watch, runtime: 3:20<\/a>).<\/p>\n<p><strong>Involvement from the AU and the UN are not mutually exclusive<\/strong>, and both bodies have the mandate to step in and mediate the negotiations to help Egypt, Ethiopia, and Sudan reach a final agreement on the dam, political pundit Abdel Moneim Said told Lamees (<a href=\"https:\/\/www.youtube.com\/watch?v=t60skJO1xp8&usg=AOvVaw3W5JEl2ufF3rWN7wileOvR\">watch, runtime: 11:45<\/a>).<\/p>\n<p><strong>Egypt needs to stand its ground on clearly outlining a dispute resolution mechanism in the final GERD agreement<\/strong> to ensure Ethiopia is held accountable down the line if it tries to take any unilateral action, journalist Emad El Din Adib told El Hekaya host (and his brother) Amr Adib (<a href=\"https:\/\/www.youtube.com\/watch?v=S5c_EAtgG3g&usg=AOvVaw3eOYuELcY2lUGx79iF8B8F\">watch, runtime: 1:04<\/a>).<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>Away from Planet Diplomacy, Finance Minister Mohamed Maait sat down with Al Tase\u2019a Masa\u2019an\u2019s Wael Ibrashy for an extensive chat<\/strong> on everything from the government\u2019s growth projections to the proposed VAT Tax Act <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/06281e82-be42-429f-9669-c84dd6a74985\">amendments<\/a>.<\/p>\n<p><strong>Egypt\u2019s new USD 5.2 bn standby loan agreement with the IMF will be used to help the government finance its reform program and shore up the social safety net<\/strong>, Maait said, stressing that the new funding package will not translate into more financial burden on the average citizen. The fund <a href=\"https:\/\/www.imf.org\/en\/Countries\/EGY\/Egypt-qandas#Q1&usg=AOvVaw179gQMDCXbB5caJuRUgE9k\">noted yesterday<\/a> that Egypt will begin repaying the first USD 2 bn tranche of the loan \u2014 which Central Bank of Egypt Deputy Governor Ramy Aboul Naga said should land within the next few days \u2014 in September 2023, with each disbursement set to be repaid in eight quarterly instalments.<\/p>\n<p>Other highlights from the interview, which you can <strong>watch in full here (<\/strong><strong><a href=\"https:\/\/www.youtube.com\/watch?v=nw66X7kZNsw&usg=AOvVaw3P-CCK4j1MMl9duAbFRCVT\">runtime: 1:43: 38<\/a><\/strong><strong>)<\/strong>:<\/p>\n<ul>\n<li>The government has disbursed some EGP 61 bn of its EGP 100 bn covid-19 stimulus program;<\/li>\n<li>Several companies have put their investments in Egypt on hold because of the pandemic;<\/li>\n<li>Egypt had expected to lock in 6% GDP growth during the current fiscal year before the pandemic took its toll on the economy.<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-last-nights-talk-shows\/\">Enterprise+: Last Night\u2019s Talk Shows<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/finance-ministry\/\">Finance Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mohamed-maait\/\">Mohamed Maait<\/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=\"572573\" 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=\"572573\">\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\/30\/egypt-suspends-privatization-program-again-due-to-unfavorable-conditions\/\">\r\n                            Egypt suspends privatization program again due to \u201cunfavorable\u201d conditions                        <\/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\/30\/egypt-suspends-privatization-program-again-due-to-unfavorable-conditions\/\" 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 suspension will remain in place until further notice, Tawfik told the business information service. Tawfik had said <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/41c60870-8910-4665-a812-f5925bce52c8\">in March<\/a> that the program was suspended thanks to pandemic-induced market turmoil, but a government official had signaled at the time that the government could come back with a new plan for the program come May.<\/p>\n<p><strong>But the program isn\u2019t being taken off life support:<\/strong> The pandemic upended global markets, but Mohamed Ebied, co-CEO for the investment bank at EFG Hermes, said <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/493e0457-82af-4b27-9c7f-1ab2d8301a49\">last week<\/a> that it is possible that the program could resume in 4Q2020 or 1Q2021. The timing remains hard to predict due to the drop in corporate valuations and volatile conditions just about everywhere.<\/p>\n<p><strong>A quick recap of the program:<\/strong> The state privatization program ran headlong into global market turmoil since it was announced in 2018 and has seen transactions postponed multiple times. It was due to include both <strong>stake sales by already-listed companies and fresh IPOs. <\/strong> Out of the two dozen companies slated to IPO or offer secondary stakes, only a single offering has materialized: Eastern Tobacco\u2019s 4.5% secondary offering in March last year. Banque du Caire had planned to debut 20-30% of its shares on the EGX <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/40690e96-1782-465c-b1ae-4e96bd528bea\">in April<\/a> but shelved plans due to the onset of the coronavirus pandemic. State-owned e-payments firm E-Finance also <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bca51511-55be-4032-89ae-78ad3af8fa92\">pushed its IPO date<\/a> to the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/25a86c08-8354-44e6-abcd-798ea55d073b\">final quarter of 2020<\/a>. Alexandria Containers, Abu Qir Fertilizers, and Sidi Kerir Petrochemicals have also pushed back stake sales.<\/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\/banque-du-caire\/\">Banque du Caire<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/e-finance\/\">e-finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/eastern-tobacco\/\">Eastern Tobacco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/public-enterprises-ministry\/\">Public Enterprises Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/speed-round\/\">SPEED ROUND<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/stake-sale\/\">stake sale<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/state-privatization-program\/\">state privatization program<\/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=\"572585\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"572586\" 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=\"572586\">\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\/30\/tech-and-pharma-companies-have-done-pretty-well-despite-an-otherwise-chaotic-year\/\">\r\n                            Tech and pharma companies have done pretty well, despite an otherwise chaotic year                        <\/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\/30\/tech-and-pharma-companies-have-done-pretty-well-despite-an-otherwise-chaotic-year\/\" 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\/30\/tech-and-pharma-companies-have-done-pretty-well-despite-an-otherwise-chaotic-year\/')\">\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\/30\/tech-and-pharma-companies-have-done-pretty-well-despite-an-otherwise-chaotic-year\/\">\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=Tech and pharma companies have done pretty well, despite an otherwise chaotic year&url=https:\/\/enterpriseam.com\/egypt\/2020\/06\/30\/tech-and-pharma-companies-have-done-pretty-well-despite-an-otherwise-chaotic-year\/\">\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\/30\/tech-and-pharma-companies-have-done-pretty-well-despite-an-otherwise-chaotic-year\/&title=Tech and pharma companies have done pretty well, despite an otherwise chaotic year\">\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=Tech+and+pharma+companies+have+done+pretty+well%2C+despite+an+otherwise+chaotic+year+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F06%2F30%2Ftech-and-pharma-companies-have-done-pretty-well-despite-an-otherwise-chaotic-year%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\/30\/tech-and-pharma-companies-have-done-pretty-well-despite-an-otherwise-chaotic-year\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/311.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"572587\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/30\/tech-and-pharma-companies-have-done-pretty-well-despite-an-otherwise-chaotic-year\/311-jpg-15\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/311.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"311.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/311.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/311.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572586\" class=\"content-area-description single-story post-572586 post type-post status-publish format-standard has-post-thumbnail hentry category-image-of-the-day tag-covid-19 tag-enterpriseam tag-image-of-the-day wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>In an incredibly tough year for business, the clear winners are tech and pharma companies<\/strong><strong>.<\/strong> Pharma companies are doing well thanks to the global race to develop a vaccine for the novel coronavirus, while tech giants \u2014 including owners of virtual communications platforms such as Zoom and Teams \u2014 are benefiting from the shift to remote work. This <a href=\"https:\/\/www.ft.com\/content\/844ed28c-8074-4856-bde0-20f3bf4cd8f0\">Financial Times<\/a> graphic visually displays companies\u2019 equity value added by sector during 2020.<\/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\/image-of-the-day\/\">IMAGE OF THE DAY<\/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=\"572588\" 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=\"572588\">\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\/30\/egypt-in-the-news-on-30-june-2020\/\">\r\n                            Egypt in the News on 30 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\/30\/egypt-in-the-news-on-30-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\/30\/egypt-in-the-news-on-30-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\/30\/egypt-in-the-news-on-30-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 30 June 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/06\/30\/egypt-in-the-news-on-30-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\/30\/egypt-in-the-news-on-30-june-2020\/&title=Egypt in the News on 30 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+30+June+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F06%2F30%2Fegypt-in-the-news-on-30-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\/30\/egypt-in-the-news-on-30-june-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572588\" class=\"content-area-description single-story post-572588 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-diplomacy tag-egypt-in-the-news tag-enterpriseam tag-libya tag-politics tag-russia tag-turkey tag-war wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>It\u2019s relatively quiet for Egypt in the international press<\/strong>, with the conversation dominated by the UN Security Council\u2019s meeting yesterday on Ethiopia\u2019s damn dam. Meanwhile, <a href=\"https:\/\/www.al-monitor.com\/pulse\/originals\/2020\/06\/egypt-amend-law-fgm-women-death-trial.html#ixzz6Qm7gj1Z8\">Al Monitor<\/a> looks at proposed legislative amendments that would toughen penalties for FGM while Germany\u2019s <a href=\"https:\/\/en.qantara.de\/content\/the-collapse-of-haftars-offensive-is-egypt-really-preparing-to-jump-into-the-libyan-fray\">Qantara<\/a> has an opinion piece on potential Egyptian military intervention in Libya.<\/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\/diplomacy\/\">DIPLOMACY<\/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\/libya\/\">Libya<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/politics\/\">politics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/russia\/\">Russia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/turkey\/\">Turkey<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/war\/\">war<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"572589\" 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=\"572589\">\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\/30\/egypt-talks-potential-financing-for-soe-upgrades-egyptalum-expansion-with-intl-lenders\/\">\r\n                            Egypt talks potential financing for SOE upgrades, EgyptAlum expansion with int\u2019l lenders                        <\/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\/30\/egypt-talks-potential-financing-for-soe-upgrades-egyptalum-expansion-with-intl-lenders\/\" 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\/30\/egypt-talks-potential-financing-for-soe-upgrades-egyptalum-expansion-with-intl-lenders\/')\">\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\/30\/egypt-talks-potential-financing-for-soe-upgrades-egyptalum-expansion-with-intl-lenders\/\">\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 talks potential financing for SOE upgrades, EgyptAlum expansion with int\u2019l lenders&url=https:\/\/enterpriseam.com\/egypt\/2020\/06\/30\/egypt-talks-potential-financing-for-soe-upgrades-egyptalum-expansion-with-intl-lenders\/\">\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\/30\/egypt-talks-potential-financing-for-soe-upgrades-egyptalum-expansion-with-intl-lenders\/&title=Egypt talks potential financing for SOE upgrades, EgyptAlum expansion with int\u2019l lenders\">\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+talks+potential+financing+for+SOE+upgrades%2C+EgyptAlum+expansion+with+int%E2%80%99l+lenders+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F06%2F30%2Fegypt-talks-potential-financing-for-soe-upgrades-egyptalum-expansion-with-intl-lenders%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\/30\/egypt-talks-potential-financing-for-soe-upgrades-egyptalum-expansion-with-intl-lenders\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572589\" class=\"content-area-description single-story post-572589 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-diplomacy-foreign-trade tag-enterpriseam tag-international-cooperation-ministry tag-public-enterprises-ministry tag-rania-al-mashat wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Egypt talks potential financing for SOE upgrades, EgyptAlum expansion with int\u2019l<\/strong><strong> lenders:<\/strong> International Cooperation Minister Rania Al Mashat and Public Enterprises Minister Hisham Tawfik discussed potential funding to restructure 70 state-owned enterprises and finance the government\u2019s EGP 13 bn plan to expand state-owned Egypt Aluminium with officials from several international lenders yesterday, according to a <a href=\"https:\/\/ent.news\/2020\/6\/Egypt-Aluminium-International-Cooperation-Ministry-29-6-2020.pdf\">statement (pdf)<\/a>. The lenders included the World Bank, the African Development Bank, the International Finance Corporation, the European Bank for Reconstruction and Development and the European Investment Bank.<\/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\/diplomacy-foreign-trade\/\">Diplomacy + Foreign Trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/international-cooperation-ministry\/\">International Cooperation Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/public-enterprises-ministry\/\">Public Enterprises Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/rania-al-mashat\/\">Rania Al Mashat<\/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=\"572590\" 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=\"572590\">\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\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/30\/electricity-holding-company-seeks-egp-20-bn-loan-from-state-owned-private-banks\/\">\r\n                            Electricity Holding Company seeks EGP 20 bn loan from state-owned, private banks                        <\/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\/30\/electricity-holding-company-seeks-egp-20-bn-loan-from-state-owned-private-banks\/\" 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\/30\/electricity-holding-company-seeks-egp-20-bn-loan-from-state-owned-private-banks\/')\">\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\/30\/electricity-holding-company-seeks-egp-20-bn-loan-from-state-owned-private-banks\/\">\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=Electricity Holding Company seeks EGP 20 bn loan from state-owned, private banks&url=https:\/\/enterpriseam.com\/egypt\/2020\/06\/30\/electricity-holding-company-seeks-egp-20-bn-loan-from-state-owned-private-banks\/\">\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\/30\/electricity-holding-company-seeks-egp-20-bn-loan-from-state-owned-private-banks\/&title=Electricity Holding Company seeks EGP 20 bn loan from state-owned, private banks\">\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=Electricity+Holding+Company+seeks+EGP+20+bn+loan+from+state-owned%2C+private+banks+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F06%2F30%2Felectricity-holding-company-seeks-egp-20-bn-loan-from-state-owned-private-banks%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\/30\/electricity-holding-company-seeks-egp-20-bn-loan-from-state-owned-private-banks\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572590\" class=\"content-area-description single-story post-572590 post type-post status-publish format-standard hentry category-energy tag-debt tag-egyptian-electricity-holding-company tag-electricity tag-energy tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The Egyptian Electricity Holding Company is in talks with a consortium of undisclosed state-owned and private banks to secure a 3- to 5-year medium term loan of EGP 20 bn for its FY2020-2021 investment plans, <a href=\"https:\/\/bit.ly\/38jqwNK\">Al Mal<\/a> reports, citing unnamed sources familiar with the matter. A final agreement for the loan should be signed by August at the latest. The company plans to invest EGP 32.4 bn in the coming fiscal year, including to increase the national electricity grid\u2019s capacity by 145 MW.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egyptian-electricity-holding-company\/\">Egyptian Electricity Holding Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/electricity\/\">electricity<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/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=\"572591\" 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=\"572591\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">Automotive + Transportation<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/30\/careem-and-visa-partnering-in-new-financial-payment-services-for-drivers\/\">\r\n                            Careem and Visa partnering in new financial payment services for drivers                        <\/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\/30\/careem-and-visa-partnering-in-new-financial-payment-services-for-drivers\/\" 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\/30\/careem-and-visa-partnering-in-new-financial-payment-services-for-drivers\/')\">\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\/30\/careem-and-visa-partnering-in-new-financial-payment-services-for-drivers\/\">\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=Careem and Visa partnering in new financial payment services for drivers&url=https:\/\/enterpriseam.com\/egypt\/2020\/06\/30\/careem-and-visa-partnering-in-new-financial-payment-services-for-drivers\/\">\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\/30\/careem-and-visa-partnering-in-new-financial-payment-services-for-drivers\/&title=Careem and Visa partnering in new financial payment services for drivers\">\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=Careem+and+Visa+partnering+in+new+financial+payment+services+for+drivers+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F06%2F30%2Fcareem-and-visa-partnering-in-new-financial-payment-services-for-drivers%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\/30\/careem-and-visa-partnering-in-new-financial-payment-services-for-drivers\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572591\" class=\"content-area-description single-story post-572591 post type-post status-publish format-standard hentry category-automotive-transportation tag-automotive-transportation tag-careem tag-economy tag-enterpriseam tag-financial-services tag-ride-hailing tag-visa wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Uber subsidiary Careem is planning to roll out new financial payment services in partnership with Visa to provide its drivers with quicker access to their payments for completed trips, according to <a href=\"https:\/\/www.menabytes.com\/careem-visa-partnership-captains\/\">Menabytes<\/a>. The new system will also offer a new reduced-fee remittance platform. The program will be rolled out in Egypt, the UAE, Saudi Arabia, Jordan, and Pakistan, but the timeline remains unclear.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/automotive-transportation\/\">Automotive + Transportation<\/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\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-services\/\">financial services<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ride-hailing\/\">ride-hailing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/visa\/\">Visa<\/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=\"572592\" 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=\"572592\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">Banking + Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/30\/editas-morocco-arm-obtains-usd-8-2-mn-loan-to-fund-new-facility\/\">\r\n                            Edita\u2019s Morocco arm obtains USD 8.2 mn loan to fund new facility                        <\/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\/30\/editas-morocco-arm-obtains-usd-8-2-mn-loan-to-fund-new-facility\/\" 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\/30\/editas-morocco-arm-obtains-usd-8-2-mn-loan-to-fund-new-facility\/')\">\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\/30\/editas-morocco-arm-obtains-usd-8-2-mn-loan-to-fund-new-facility\/\">\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=Edita\u2019s Morocco arm obtains USD 8.2 mn loan to fund new facility&url=https:\/\/enterpriseam.com\/egypt\/2020\/06\/30\/editas-morocco-arm-obtains-usd-8-2-mn-loan-to-fund-new-facility\/\">\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\/30\/editas-morocco-arm-obtains-usd-8-2-mn-loan-to-fund-new-facility\/&title=Edita\u2019s Morocco arm obtains USD 8.2 mn loan to fund new facility\">\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=Edita%E2%80%99s+Morocco+arm+obtains+USD+8.2+mn+loan+to+fund+new+facility+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F06%2F30%2Feditas-morocco-arm-obtains-usd-8-2-mn-loan-to-fund-new-facility%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\/30\/editas-morocco-arm-obtains-usd-8-2-mn-loan-to-fund-new-facility\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572592\" class=\"content-area-description single-story post-572592 post type-post status-publish format-standard hentry category-banking-finance tag-banking tag-banking-finance tag-debt tag-edita tag-enterpriseam tag-finance tag-manufacturing wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Edita Food Industries\u2019 Morocco-based subsidiary has acquired a MAD 80 mn (c. USD 8.24 mm) from the Arab Bank\u2019s branch in the North African country, the company said in <a href=\"https:\/\/www.egx.com.eg\/downloads\/Bulletins\/247374_1.pdf\">a regulatory filing (pdf)<\/a>. The loan\u2019s proceeds will be used for construction works and to purchase equipment and machinery for the Egyptian snack food maker\u2019s under-construction Morocco plant. Edita is expecting to inaugurate the facility by the end of 2020.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking-finance\/\">BANKING + FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/edita\/\">Edita<\/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\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"572594\" 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=\"572594\">\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\">National Security<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/30\/defense-ministry-in-talks-with-russias-uvz-to-locally-assemble-400-tanks\/\">\r\n                            Defense Ministry in talks with Russia\u2019s UVZ to locally assemble 400 tanks                        <\/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\/30\/defense-ministry-in-talks-with-russias-uvz-to-locally-assemble-400-tanks\/\" 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\/30\/defense-ministry-in-talks-with-russias-uvz-to-locally-assemble-400-tanks\/')\">\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\/30\/defense-ministry-in-talks-with-russias-uvz-to-locally-assemble-400-tanks\/\">\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=Defense Ministry in talks with Russia\u2019s UVZ to locally assemble 400 tanks&url=https:\/\/enterpriseam.com\/egypt\/2020\/06\/30\/defense-ministry-in-talks-with-russias-uvz-to-locally-assemble-400-tanks\/\">\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\/30\/defense-ministry-in-talks-with-russias-uvz-to-locally-assemble-400-tanks\/&title=Defense Ministry in talks with Russia\u2019s UVZ to locally assemble 400 tanks\">\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=Defense+Ministry+in+talks+with+Russia%E2%80%99s+UVZ+to+locally+assemble+400+tanks+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F06%2F30%2Fdefense-ministry-in-talks-with-russias-uvz-to-locally-assemble-400-tanks%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\/30\/defense-ministry-in-talks-with-russias-uvz-to-locally-assemble-400-tanks\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572594\" class=\"content-area-description single-story post-572594 post type-post status-publish format-standard hentry category-national-security tag-defense-ministry tag-enterpriseam tag-national-security tag-russia wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The Defense Ministry is in talks with Russia\u2019s Uralvagonzavod (UVZ) corporation to build a facility to locally assemble 400 T-90MS tanks for Egypt, <a href=\"https:\/\/bit.ly\/3ie1cgA\">RT<\/a> reports, citing the Russian Gazette. The report did not provide details on the value of the agreement or its timeframe.<\/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\/defense-ministry\/\">Defense Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/national-security\/\">national security<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/russia\/\">Russia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"572595\" 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=\"572595\">\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\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/30\/siberia-is-burning-up\/\">\r\n                            Siberia is burning up                        <\/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\" 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src=\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/313.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"572596\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/30\/siberia-is-burning-up\/313-jpg-12\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/313.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"313.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/313.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/313.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572595\" class=\"content-area-description single-story post-572595 post type-post status-publish format-standard has-post-thumbnail hentry category-on-your-way-out tag-climate-change tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Siberia is burning up:<\/strong> Parts of the Arctic are \u201con fire\u201d after the Russian Arctic town of Verkhoyansk hit a record temperature of 38\u00b0C in what scientists are saying is a warning sign of massive proportions, according to <a href=\"https:\/\/apnews.com\/39c5b62946a0951cf0d98e4f952f47fd\">the Associated Press<\/a>. \u201cThe Arctic is figuratively and literally on fire \u2014 it\u2019s warming much faster than we thought it would in response to rising levels of carbon dioxide and other greenhouse gases in the atmosphere, and this warming is leading to a rapid meltdown and increase in wildfires,\u201d said climate scientist and University of Michigan environmental school dean Jonathan Overpeck.<\/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\/climate-change\/\">climate change<\/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=\"572597\" 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=\"572597\">\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\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/30\/the-market-yesterday-119\/\">\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\/30\/the-market-yesterday-119\/\" 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\/30\/the-market-yesterday-119\/')\">\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\/30\/the-market-yesterday-119\/\">\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\/30\/the-market-yesterday-119\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n   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<\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/30\/the-market-yesterday-119\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572597\" class=\"content-area-description single-story post-572597 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 16.11 | Sell 16.21<\/p>\n<p> <strong>EGP \/ USD at CIB:<\/strong> Buy 16.11 | Sell 16.21<br \/>\n <strong>EGP \/ USD at NBE: <\/strong>Buy 16.09 | Sell 16.19<\/p>\n<p><strong>EGX30<\/strong> (Monday): 10,750 (-0.9%)<br \/>\n <strong>Turnover:<\/strong> EGP 771 mn (4% below the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: -23.0%<\/p>\n<p><strong>THE MARKET ON MONDAY:<\/strong> The EGX30 ended Monday\u2019s session down 0.9%. CIB, the index\u2019s heaviest constituent, ended down 1.4%. EGX30\u2019s top performing constituents were Juhayna up 2.3%, Ezz Steel up 2.0%, and Ibnsina Pharma up 0.9%. Yesterday\u2019s worst performing stocks were CIRA down 3.3%, Porto Group down 3.1% and GB Auto down 1.9%. The market turnover was EGP 771 mn, and foreign investors were the sole net sellers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Short | EGP -83.6 mn<br \/>\n <strong>Regional<\/strong>: Net Long | EGP +4.5 mn<br \/>\n <strong>Domestic<\/strong>: Net Long | EGP +79.1 mn<\/p>\n<p><strong>Retail<\/strong>: 52.2% of total trades | 54.5% of buyers | 49.9% of sellers<br \/>\n <strong>Institutions<\/strong>: 47.8% of total trades | 45.5% of buyers | 50.1% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 39.63 (+2.96%)<br \/>\n <strong>Brent:<\/strong> USD 41.67 (+1.58%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 1.69 MMBtu, (+9.65%, August 2020 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,781.20 \/ troy ounce (+0.05%)<\/p>\n<p><strong>TASI:<\/strong> 7,287.41 (-0.07%) (YTD: -13.13%)<br \/>\n <strong>ADX:<\/strong> 4,275.33 (-0.68%) (YTD: -15.77%)<br \/>\n <strong>DFM:<\/strong> 2,080.66 (-0.21%) (YTD: -24.75%)<br \/>\n <strong>KSE Premier Market:<\/strong> 5,620.30 (-0.64%)<br \/>\n <strong>QE:<\/strong> 9,052.29 (-0.83%) (YTD: -13.17%)<br \/>\n <strong>MSM:<\/strong> 3,520.57 (-0.11%) (YTD: -11.57%)<br \/>\n <strong>BB: <\/strong>1,277.71 (+0.04%) (YTD: -20.65%)<\/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=\"572598\" 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\/30\/572598\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572598\" class=\"content-area-description single-story post-572598 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.<\/p>\n<p>1 July (Wednesday): Official reopening of Egypt\u2019s airspace to inbound and outbound international flights.<\/p>\n<p>2 July (Thursday): National holiday.<\/p>\n<p>12 July (Sunday): North Cairo Court <a href=\"https:\/\/www.egx.com.eg\/downloads\/Bulletins\/245503_1.pdf\">will hold a court session<\/a> for the international arbitration case filed by Syrian Antrados against Porto Group for USD 176 mn after being pushed back from an initial 17 May court date.<\/p>\n<p>28-29 July (Tuesday-Wednesday): US Federal Open Market Committee will hold its two-day policy meeting to review the interest rate.<\/p>\n<p>30 July-3 August (Thursday-Monday): Eid El Adha (TBC), national holiday.<\/p>\n<p>13 August (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>20 August (Wednesday-Thursday): Islamic New Year (TBC), national holiday.<\/p>\n<p>15-16 September (Tuesday-Wednesday): US Federal Open Market Committee will hold its two-day policy meeting to review the interest rate.<\/p>\n<p>24 September (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>6 October (Tuesday): Armed Forces Day, national holiday.<\/p>\n<p>23-31 October (Friday-Saturday): <a href=\"http:\/\/elgounafilmfestival.com\/\">El Gouna Film Festival<\/a>, El Gouna, Egypt. <\/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":572569,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-572568","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"8ef796d5-1a81-436b-b69d-cbab60e3dbdb","teaser":"","photo_url":"https:\/\/ent.news\/2020\/6\/305.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>1H sucked \u2014 and the WHO says \u201cworst is yet to come\u201d - 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\/1h-sucked-and-the-who-says-worst-is-yet-to-come\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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