{"id":572644,"date":"2020-07-05T04:00:55","date_gmt":"2020-07-05T04:00:55","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=572644"},"modified":"2025-12-16T08:41:55","modified_gmt":"2025-12-16T08:41:55","slug":"were-heading-to-the-polls-to-elect-a-senate-on-11-12-august","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/were-heading-to-the-polls-to-elect-a-senate-on-11-12-august\/","title":{"rendered":"We\u2019re heading to the polls to elect a Senate on 11-12 August"},"content":{"rendered":"<section id=\"572646\" 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=\"572646\">\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\/07\/05\/what-were-tracking-on-5-june-2020\/\">\r\n                            What we\u2019re tracking on 5 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\/07\/05\/what-were-tracking-on-5-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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Only 18 days until your next three-day break: The anniversary of the 23 July Revolution \u2014 which is followed a week later by Eid Al Adha, suggesting that two-week period will be the true dog days of summer. Plan your escapes while the planning\u2019s good, folks.<\/p><p><a id=\"tldr-story-01\" class=\"content-anchor\"><\/a> <strong>We\u2019re heading to the polls in August and September for Senate elections: <\/strong>The first elections for the newly reconstituted Senate will be held on 11-12 August, with Egyptians abroad voting on 9-10 August, the head of the National Elections Authority Lasheen Ibrahim announced in a televised press conference yesterday (<a href=\"https:\/\/www.youtube.com\/watch?v=ZBWcGmM2tiI\">watch, runtime: 18:05<\/a>). The results will be published in the Official Gazette on August 19. Run-offs will be held 8-9 September, with expats voting 6-7 September. The nominations period runs July 11-18. The <a href=\"https:\/\/apnews.com\/631dbd1777609974179474bf39d23059\">Associated Press<\/a> and <a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL8N2EB059\">Reuters<\/a> both took note of the story.<\/p><p><strong>The nation\u2019s 300 senators will have five-year terms in office<\/strong>, with one-third elected on a list system, one third running as individuals and the remaining 100 appointed by the presidency. Ten percent of seats are reserved for women.<\/p><p><strong>Expect to go back to the polls yet again toward the end of the year <\/strong>to elect the next House of Representatives. The current House \u2014 due to head on summer break any time now \u2014 will reconvene a final time this fall for a truncated session.<\/p><p><strong>The Senate election was called two days after President Abdel Fattah<\/strong> <strong><a href=\"https:\/\/bit.ly\/3itEaSS\">El Sisi ratified<\/a><\/strong> <strong>a <\/strong><strong>handful of laws regulating general elections<\/strong> \u2014 including a law on <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d1246789-057f-4d4a-be70-70c8a2d77f0a\">parliamentary elections<\/a> and another <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9fca63ac-90ed-4b4c-921a-f19789d9498e\">to bring back the Senate<\/a> as the country\u2019s upper house of parliament.<\/p><p><strong>Another busy day in the House ahead of summer recess:<\/strong> The Planning and Budgeting Committee will continue discussing the Unified Tax Act, the Arab Affairs Committee will discuss the charter to set up <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5b480088-4127-4efb-bec3-28edeaff6562\">the Council of Arab African States<\/a> (which will oversee maritime laws for nations along the Red Sea and Gulf of Aden), and an agreement with the Canadian government regarding the economic empowerment of women, the <a href=\"https:\/\/alborsaanews.com\/2020\/07\/04\/1363156\">local press<\/a> reports. Ahram Online has an expanded rundown on <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/373606\/Egypt\/Politics-\/Egypts-parliament-to-discuss-new-financial-laws-Su.aspx\">what you can expect from the House today through Tuesday<\/a>.<\/p><p><strong>GERD talks continue today<\/strong>, mediated by the African Union. There were no breakthroughs yesterday.<\/p><p><strong>The government\u2019s fuel pricing committee is set to meet in \u201ca matter of days\u201d<\/strong> to determine gas prices for the next three months, according to <a href=\"https:\/\/bit.ly\/2W2l259\">Hapi Journal<\/a>. The committee cut prices on all grades of gasoline by 0.25 EGP at its last meeting <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0fe48ff8-9e18-473d-a0b4-b14d60ee993a\">in April<\/a>.<\/p><p><strong>News triggers coming up over the next few days:<\/strong><\/p><ul>\n<li><strong>The purchasing managers\u2019 index <\/strong>for June is due to land tomorrow morning.<\/li>\n<li><strong>Foreign reserves figures<\/strong> for June should be out sometime this week.<\/li>\n<li><strong>Inflation data <\/strong>for June will land Thursday, 9 July.<\/li>\n<\/ul><hr class=\"grey-line\"><p><strong>A record number of our readers now seem to be taking three-day weekends<\/strong>, judging from \u201cout-of-office\u201d replies we\u2019re getting on Thursdays and Sundays \u2014 good on you. While you\u2019re on a break, consider:<\/p><p><strong>A workout for your brain:<\/strong> Is there such a thing as inclusive capitalism? Martin Sandblu at the Financial Times is out with <a href=\"https:\/\/www.ft.com\/content\/a22d4215-0619-4ad2-9054-3a0765f64620\">The everyone economy: how to make capitalism work for all<\/a>, arguing that \u201cafter four decades of rising inequality, the Covid crisis is a chance to change the rules.\u201d<\/p><p><strong>A workout for your body: <\/strong>The NYT\u2019s inimitable Jane Brody has something for everyone \u2014 whether you\u2019ve packed on the kgs during covid or you\u2019ve physically become one with the couch since March. Whether you\u2019re on WFH, heading to Sahel or waiting to see whether it\u2019s safe to head to the club, read <a href=\"https:\/\/www.nytimes.com\/2020\/07\/02\/well\/move\/the-well-summer-workout-challenge.html?action=click&amp;module=Top%20Stories&amp;pgtype=Homepage&amp;contentCollection=AtHome&amp;package_index=0\">The Well summer workout challenge and get moving<\/a>.<\/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\/2YZGPw8\">confirmed<\/a><\/strong><strong> 79 new deaths from covid-19 yesterday<\/strong>, bringing the country\u2019s total death toll to 3,280. Egypt has now disclosed a total of 74,035 confirmed cases of covid-19, after the ministry reported <strong>1,324 new infections yesterday<\/strong>. We now have a total of 20,103 cases who have fully recovered.<\/p><p><strong>Airports have been busy since the resumption of regularly scheduled commercial flights <\/strong><strong>last week:<\/strong> Flights from countries including the UK, Italy, Belgium, and Lebanon carrying thousands of tourists and nationals landed in Cairo International Airport on <a href=\"https:\/\/bit.ly\/31N9Lcn\">Thursday<\/a>, <a href=\"https:\/\/bit.ly\/3gtMsIT\">Friday<\/a>, and <a href=\"https:\/\/bit.ly\/3iEuc1k\">Saturday<\/a>. Charter flights from <a href=\"https:\/\/bit.ly\/3gnmVkv\">Ukraine<\/a>, <a href=\"https:\/\/bit.ly\/2C88dz6\">Belarus, and Luxembourg<\/a> landed in Hurghada yesterday, reports <a href=\"https:\/\/bit.ly\/2DabMVR\">Youm7<\/a>. On Thursday, tourists from Switzerland, Belarus, and Ukraine arrived in Sharm El Sheikh and Hurghada, according to <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/1645119648999727?__tn__=-R\">a cabinet statement<\/a>. The Madbouly Cabinet decided to reopen Egypt\u2019s airspace <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/93bd7150-7431-4ce9-b11c-a515f2a55702\">as of Thursday<\/a> after nearly four months.<\/p><p><strong>Inbound EgyptAir flights are flying at more than 90% capacity<\/strong>, while 70-75% of seats are booked for outgoing flights, the national flag carrier\u2019s chairman Roshdy Zakaria said on Wednesday (<a href=\"https:\/\/www.youtube.com\/watch?v=uZsRmaHuWM8\">watch, runtime: 07:20<\/a>).<\/p><p><strong>China\u2019s aviation authority has suspended Sichuan Airlines\u2019 Cairo-Chengdu route for a <\/strong><strong>week<\/strong> starting 6 July, after six passengers arriving from Egypt tested positive for covid-19, reports <a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFB9N2D804P\">Reuters<\/a>.<\/p><p><strong>Egypt could lose out on more than 3% of its GDP<\/strong> \u2014 equivalent to USD 7.7 bn \u2014 <strong>if <\/strong><strong>international tourism<\/strong><strong> remains at a standstill for four months<\/strong>, according to <a href=\"https:\/\/unctad.org\/en\/PublicationsLibrary\/ditcinf2020d3_en.pdf\">a report (pdf)<\/a> from the United Nations Conference on Trade and Development (UNCTAD). This is the most optimistic scenario put forward by the UN body: Under the \u2018intermediate\u2019 scenario where tourism dries up for eight months, Egypt would lose around 6% of GDP (USD 15.3 bn) while in the doomsday scenario that tourism is suspended for an entire year the Egyptian economy would lose 9% (USD 22.9 bn).<\/p><p><strong>Even in the most optimistic scenario, the global figures are staggering:<\/strong> The report says the global tourism industry stands to lose at least USD 1.2 tn \u2014 equivalent to 1.5% of global GDP \u2014 after a four-month pause in tourism activity. These losses could increase to USD 2.2 tn (2.8% of global GDP) if international tourism remains on hold for eight months.<\/p><p><strong>Al-Hussein Mosque near Khan El Khalili has been closed until further notice<\/strong> after worshipers failed to abide health and safety guidelines during prayers, according to <a href=\"http:\/\/ar.awkafonline.com\/?p=98274\">an Awqaf Ministry statement<\/a>.<\/p><p><strong>The Egyptian Drug Authority will permit pharmacos to export provided the needs of the <\/strong><strong>domestic market are met for the coming six months, <\/strong>according to a cabinet <a href=\"https:\/\/bit.ly\/3iyOJUL\">statement<\/a>. Spokesman Ali El Ghamrawy said companies exported EGP 30 mn of products during March and April, a 10% increase compared to the same period last year.<\/p><p><strong>DONATIONS- <\/strong><\/p><p>Star striker and newly-crowned <strong>Premier League champ Mohamed Salah<\/strong> has donated GBP 30k to build an ambulance station in Nagrig, his native village in Gharbia, according to <a href=\"https:\/\/www.dailymail.co.uk\/sport\/football\/article-8488237\/Liverpool-ace-Mohamed-Salah-donates-30-000-build-new-ambulance-centre-hometown-Egypt.html\">the Daily Mail<\/a>.<\/p><p class=\"web-image stand-out-borderless\"><a href=\"https:\/\/somabay.com\/\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/7\/Somabay-July5-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p><p><strong>ON THE GLOBAL FRONT-<\/strong><\/p><p><strong>Globally, the pandemic continues to accelerate:<\/strong><\/p><ul>\n<li><strong>Global single-day infections at record high:<\/strong> A record 212,326 cases were reported globally in a single day yesterday, according to <a href=\"https:\/\/www.who.int\/docs\/default-source\/coronaviruse\/situation-reports\/20200704-covid-19-sitrep-166.pdf?sfvrsn=6247972_2\">WHO figures (pdf)<\/a>.<\/li>\n<li><strong>Total confirmed cases surpassed 11 mn on Friday,<\/strong> just five days after hitting <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/52162ee8-2ee1-4b8b-a9af-69695ac9b6a0\">the 10 mn mark<\/a>, Johns Hopkins data showed.<\/li>\n<li><strong>The US again posted a new record of <\/strong><strong><a href=\"https:\/\/www.theguardian.com\/world\/2020\/jul\/03\/coronavirus-us-daily-case-increase-fauci-trump\">more than 55k cases<\/a><\/strong><strong> on Thursday<\/strong> as the outbreaks in Florida, Texas, California and Arizona continue to intensify. Another 45k cases were reported on Saturday.<\/li>\n<li><strong>India <\/strong><strong><a href=\"http:\/\/uk.reuters.com\/article\/us-health-coronavirus-india\/india-coronavirus-cases-hit-record-high-amid-monsoon-rains-idUKKCN24508G\">reported<\/a><\/strong><strong> a record number<\/strong> of daily infections yesterday at more than 22k.<\/li>\n<\/ul><p><strong>UAE residents and citizens are now allowed to resume international travel<\/strong>, according to state news agency <a href=\"https:\/\/www.wam.ae\/en\/details\/1395302852943\">WAM<\/a>. All local and international airlines \u201cwill operate their flights according to a classification system, based on several health and safety standards.\u201d<\/p><p class=\"web-image\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-07-04\/a-10-trillion-rally-hinges-on-earnings-nobody-has-a-clue-about?srnd=premium&amp;sref=mmeFTDW1\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/7\/EarningsQ22020-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p><p><strong>GLOBAL MACRO-<\/strong><\/p><p><strong>Investors to start pushing for answers as companies continue to keep quiet on guidance:<\/strong> US stocks have just delivered their best quarter in more than two decades despite the coming earnings season shaping up to be historic in its awfulness. Just how awful, we\u2019re not quite sure as the vast majority of companies have refused to provide earnings guidance over the past three months. Maintaining the current rally \u2014 which has seen the S&amp;P 500 surge 24% over the past three months, adding USD 10 tn in share value \u2014 might soon require companies to be more up-front with their earnings guidance for the remainder of the year. <strong>\u201cInvestors are going to start demanding a little bit more clarity \u2014 whether it\u2019s good or bad<\/strong>, they just want to know,\u201d said David Lebovitz, a strategist at JPMorgan Asset Management.<\/p><p><strong>The emerging market debt market is expected to continue to perform in the second half <\/strong><strong>of the year<\/strong> as worries of an oversupply of issuers have eased after Ukraine called off a USD 1.75 bn debt issuance following the resignation of a senior official, reports <a href=\"https:\/\/www.reuters.com\/article\/emerging-debt-issue\/emerging-market-debt-rush-set-to-run-despite-ukraine-u-turn-idUSL8N2E944V\">Reuters<\/a>. Still, \u201cthe [debt] market is still concerned about the fundamentals and the outlook for some of the riskier names,\u201d with Egypt\u2019s recent issuance not turning out a stellar performance and issuances from Belarus and Albania trending sideways since launch, a pundit on the fixed-income emerging markets desk at Vanguard is quoted as saying.<\/p><p><strong>The recovery many had penciled in for the US economy in 3Q2020 is looking more <\/strong><strong>unlikely<\/strong> as the reopening of several states appears to have been premature and unsustainable, Allianz economic advisor Mohamed El Erian writes for <a href=\"https:\/\/www.bloomberg.com\/opinion\/articles\/2020-06-30\/covid-19-sunny-third-quarter-economic-outlook-turns-cloudier?srnd=economics-vp&amp;sref=mmeFTDW1\">Bloomberg Opinion<\/a>. The risk the economy runs now is that short-term issues become \u201cstructurally embedded\u201d as several relief measures and packages set to expire soon while the fallout from the pandemic has yet to be reversed. \u201cThe answer is not to roll back health measures aimed at regaining control of what is a worrisome acceleration of infections. Rather, it is to ensure changes in behavior and policy that allow for healthier and sustainable economic reopenings during this tricky period,\u201d El Erian says.<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/aviation\/\">aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <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\/egyptair\/\">EgyptAir<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egyptian-drug-authority\/\">Egyptian Drug Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/emerging-markets\/\">emerging markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gdp\/\">GDP<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hurghada\/\">Hurghada<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/legislation\/\">legislation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/national-elections-authority\/\">National Elections Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pandemic\/\">pandemic<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pharma\/\">pharma<\/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\/senate\/\">Senate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sharm-el-sheikh\/\">Sharm El Sheikh<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/unctad\/\">UNCTAD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    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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\/07\/05\/gerd-talks-alleged-sexual-offender-top-stories-on-talk-shows\/\">\r\n                            GERD talks, alleged sexual offender top stories on talk shows                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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    <!-- <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=GERD+talks%2C+alleged+sexual+offender+top+stories+on+talk+shows+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F07%2F05%2Fgerd-talks-alleged-sexual-offender-top-stories-on-talk-shows%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/05\/gerd-talks-alleged-sexual-offender-top-stories-on-talk-shows\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572648\" class=\"content-area-description single-story post-572648 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-african-union tag-assem-el-gazzar tag-endowments-ministry tag-enterprise-last-nights-talk-shows tag-enterpriseam tag-ethiopia tag-housing tag-irrigation-ministry tag-national-council-for-women tag-nivine-el-kabbag tag-religion tag-social-solidarity-minister tag-sudan wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>It was a busy night on the airwaves last night,<\/strong> with the talking heads focused on the latest updates (or lack thereof) on the GERD negotiations and the harassment scandal taking over social media.<\/p>\n<p><strong>GERD update:<\/strong> Al Kahera Alaan\u2019s Lamees El Hadidi also covered the GERD talks, speaking with Mohammad El Sibai, the spokesperson for the Irrigation and Water Resources Ministry, who said that each country\u2019s technical and international legal committees were being listened to separately <a href=\"https:\/\/www.youtube.com\/watch?v=ZF_5-bTgbuw\">(watch, runtime: 57:20)<\/a>. Meanwhile, Masaa DMC's Eman El Hosary spoke with the head of the Cairo University\u2019s International Law Department, Mohamed Sameh Amr, who said that this round of talks are focused on the technical issues, which he said weren\u2019t significant sticking points <a href=\"https:\/\/www.youtube.com\/watch?v=xWNZdg4Vgic\">(watch, runtime: 7:32)<\/a>. El Hekaya\u2019s Amr Adib <a href=\"https:\/\/www.youtube.com\/watch?v=GaXZK18a8Ng\">(watch, runtime: 2:10)<\/a> and Al Hayah Al Youm\u2019s Lobna Assal <a href=\"https:\/\/www.youtube.com\/watch?v=y42F6YFOyCA\">(watch, runtime: 5:59)<\/a> also covered the talks.<\/p>\n<p><strong>Alleged repeat [redacted] offender in spotlight:<\/strong> El Hadidi spoke with Nihad Abu El Qumsan, the lawyer and head of the Egyptian Center for Women's Rights, who discussed the numerous calls she received from women who filed complaints against a former AUC student at the center of [redacted] assault and harassment case receiving widespread media coverage. Abu El Qumsan said that the women face an unfriendly environment when filing official complaints with prosecutors and that their anonymity is not always safeguarded <a href=\"https:\/\/www.youtube.com\/watch?v=_wGW_-W7TZg\">(watch, runtime: 13:07)<\/a>. Adib spoke with the head of the National Council for Women, Maya Morsi, who said she received more than 100 separate complaints against the individual. She encouraged the women to pursue their complaints, assuring them that they will remain confidential and that they\u2019ll receive the council\u2019s full support <a href=\"https:\/\/www.youtube.com\/watch?v=G0m77KeBLsY\">(watch, runtime: 4:52)<\/a>. Assal also covered the story <a href=\"https:\/\/www.youtube.com\/watch?v=8t7sZkKoj5o\">(watch, runtime: 11:55)<\/a>.<\/p>\n<p><strong>El Kabbaj on pensions in FY2020-2021:<\/strong> El Hosary spoke with Social Solidarity Minister Nevine El Kabbaj, who said that the total increase in the pensioners\u2019 fund this year is EGP 60 bn, including EGP 35 bn for new bonuses for some 2.4 bn beneficiaries. She said that the ministry is considering extending the bonuses to the private sector, especially press institutions. She added that there are also plans to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c0737ab6-37df-4d49-aa37-6b8d35fe2b93\">invest the takaful and karama pensions<\/a> <a href=\"https:\/\/www.youtube.com\/watch?v=dIs1k7uHsRo\">(watch, runtime: 3:02)<\/a>.<\/p>\n<p><strong>Mosque festivities ban:<\/strong> El Hosary also highlighted the Endowments Ministry\u2019s statement on prohibiting any celebrations or religious ceremonies in mosques or their surrounding areas as a covid-19 precaution. The statement stressed that violators will see their mosques shuttered <a href=\"https:\/\/www.youtube.com\/watch?v=icadNgNH4mk\">(watch, runtime: 1:42)<\/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\/african-union\/\">African Union<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/assem-el-gazzar\/\">Assem El Gazzar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/endowments-ministry\/\">endowments ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-last-nights-talk-shows\/\">Enterprise+: Last Night\u2019s Talk Shows<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ethiopia\/\">Ethiopia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/housing\/\">housing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/irrigation-ministry\/\">Irrigation Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/national-council-for-women\/\">National Council for Women<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/nivine-el-kabbag\/\">Nivine El Kabbag<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/religion\/\">Religion<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/social-solidarity-minister\/\">Social Solidarity Minister<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sudan\/\">Sudan<\/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=\"572649\" 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=\"572649\">\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\/07\/05\/saudi-health-fund-raises-usd-108-5-mn-to-invest-in-healthcare-in-egypt-and-morocco\/\">\r\n                            Saudi health fund raises USD 108.5 mn to invest in healthcare in Egypt and Morocco                        <\/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\/07\/05\/saudi-health-fund-raises-usd-108-5-mn-to-invest-in-healthcare-in-egypt-and-morocco\/\" 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\/07\/05\/saudi-health-fund-raises-usd-108-5-mn-to-invest-in-healthcare-in-egypt-and-morocco\/')\">\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\/07\/05\/saudi-health-fund-raises-usd-108-5-mn-to-invest-in-healthcare-in-egypt-and-morocco\/\">\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=Saudi health fund raises USD 108.5 mn to invest in healthcare in Egypt and Morocco&url=https:\/\/enterpriseam.com\/egypt\/2020\/07\/05\/saudi-health-fund-raises-usd-108-5-mn-to-invest-in-healthcare-in-egypt-and-morocco\/\">\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\/07\/05\/saudi-health-fund-raises-usd-108-5-mn-to-invest-in-healthcare-in-egypt-and-morocco\/&title=Saudi health fund raises USD 108.5 mn to invest in healthcare in Egypt and Morocco\">\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=Saudi+health+fund+raises+USD+108.5+mn+to+invest+in+healthcare+in+Egypt+and+Morocco+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F07%2F05%2Fsaudi-health-fund-raises-usd-108-5-mn-to-invest-in-healthcare-in-egypt-and-morocco%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\/07\/05\/saudi-health-fund-raises-usd-108-5-mn-to-invest-in-healthcare-in-egypt-and-morocco\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/7\/15.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"572650\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/05\/saudi-health-fund-raises-usd-108-5-mn-to-invest-in-healthcare-in-egypt-and-morocco\/15-jpg-19\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/7\/15.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"15.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/7\/15.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/7\/15.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572649\" class=\"content-area-description single-story post-572649 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round tag-afd tag-danish-investment-fund-for-developing-countries tag-enterpriseam tag-french-development-agency tag-healthcare tag-humaina tag-ifu tag-international-finance-corporation tag-proparco tag-saudi-arabia tag-speed-round wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a><strong> INVESTMENT WATCH- IFC, France and Denmark give Saudi\u2019s Humania USD 108.5 mn to <\/strong><strong>invest in<\/strong><strong> healthcare in Egypt, Morocco:<\/strong> The International Finance Corporation, France\u2019s Proparco and the Danish Investment Fund for Developing Countries are providing a USD 108.5 mn equity financing package to Saudi healthcare investment fund <a href=\"http:\/\/www.baitalbatterjee.com\/humania-capital\/\">Humania<\/a> to establish specialized medical facilities in Egypt and Morocco, the IFC said in a <a href=\"https:\/\/ifcextapps.ifc.org\/IFCExt\/Pressroom\/IFCPressRoom.nsf\/0\/2DB2138B711A8D7A85258597005C10BA\">statement<\/a>. Humania, part of the Saudi health group Bait Al Batterjee, plans to construct a \u201cmedical tower\u201d in Cairo and a new hospital in Alexandria, as well as a hospital in the Moroccan eco-city of Zenata. The two hospitals will contain almost 600 inpatient beds and 240 outpatient clinics between them, the statement says, but does not make clear how much of that is in Alexandria and how much would be in Zenata. The IFC is investing USD 45 mn, IFU is contributing USD 43.5 mn, and Proparco is providing the remaining USD 20 mn.<\/p>\n<p><strong>The Humania news comes as Batterjee ramps up operations in Egypt:<\/strong> <a href=\"http:\/\/www.baitalbatterjee.com\/saudi-german-hospitals-group\/\">The Saudi<\/a><a href=\"http:\/\/www.baitalbatterjee.com\/saudi-german-hospitals-group\/\">German Hospitals Group<\/a> pledged last year to pump <a href=\"https:\/\/enterprise.press\/stories\/2019\/07\/16\/saudi-german-hospital-to-invest-tens-of-bns-in-egypt-as-part-of-15-year-plan\/\">EGP 40-50 bn<\/a> into its Egypt operations over the next 15 years. The group had previously said it was <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f3ea7b39-24da-4bbf-9a4d-19c75d6bce52\">looking for finance from the IFC<\/a> for its expansion drive, which in addition to Batterjee Medical City in Alexandria will include a new hospital in Cairo.<\/p>\n<p><strong>The IFC estimates that Egypt will need some USD 60 bn in investment in healthcare<\/strong> by 2050 \u201cto meet rising demand.\u201d<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/afd\/\">AFD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/danish-investment-fund-for-developing-countries\/\">Danish Investment Fund for Developing countries<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/french-development-agency\/\">French Development Agency<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/healthcare\/\">healthcare<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/humaina\/\">Humaina<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ifu\/\">IFU<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/international-finance-corporation\/\">International Finance Corporation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/proparco\/\">Proparco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/speed-round\/\">SPEED ROUND<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"572664\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"572665\" 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=\"572665\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">THE MACRO PICTURE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/05\/em-portfolio-inflows-continue-to-recover-in-june-as-sentiment-shifts\/\">\r\n                            EM portfolio inflows continue to recover in June as sentiment shifts                        <\/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\/07\/05\/em-portfolio-inflows-continue-to-recover-in-june-as-sentiment-shifts\/\" 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\/07\/05\/em-portfolio-inflows-continue-to-recover-in-june-as-sentiment-shifts\/')\">\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\/07\/05\/em-portfolio-inflows-continue-to-recover-in-june-as-sentiment-shifts\/\">\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=EM portfolio inflows continue to recover in June as sentiment shifts&url=https:\/\/enterpriseam.com\/egypt\/2020\/07\/05\/em-portfolio-inflows-continue-to-recover-in-june-as-sentiment-shifts\/\">\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\/07\/05\/em-portfolio-inflows-continue-to-recover-in-june-as-sentiment-shifts\/&title=EM portfolio inflows continue to recover in June as sentiment shifts\">\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=EM+portfolio+inflows+continue+to+recover+in+June+as+sentiment+shifts+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F07%2F05%2Fem-portfolio-inflows-continue-to-recover-in-june-as-sentiment-shifts%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\/07\/05\/em-portfolio-inflows-continue-to-recover-in-june-as-sentiment-shifts\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/7\/20.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"572666\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/05\/em-portfolio-inflows-continue-to-recover-in-june-as-sentiment-shifts\/20-jpg-14\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/7\/20.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"20.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/7\/20.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/7\/20.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572665\" class=\"content-area-description single-story post-572665 post type-post status-publish format-standard has-post-thumbnail hentry category-the-macro-picture tag-capital-markets tag-emerging-markets tag-enterpriseam tag-portfolio-investment tag-the-macro-picture wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>Net portfolio inflows to emerging markets continued to recover in June, soaring to<\/strong><strong> USD 32.1 bn<\/strong> from USD 3.5 bn in May, according to the Institute of International Finance\u2019s (IIF) most recent capital flows tracker.<\/p>\n<p><strong>Equity flows also turned positive again from a negative performance in May<\/strong>, with USD 3.4 bn in flows entering emerging markets excluding China. Debt flows also continued to recover \u201cat a healthy pace\u201d last month to reach USD 23.5 bn.<\/p>\n<p><strong>The more than tenfold month-on-month rise in non-resident inflows reflects a shift in sentiment<\/strong> from where it was in March, when \u201cnegative sentiment on emerging markets approached extreme levels,\u201d the IIF said. This shift reflects \u201cdeeply discounted valuations in many places, which mean that adverse economic outcomes and weak growth are largely priced,\u201d according to the report. Capital markets that were most severely affected by the fallout from the pandemic are starting to pick back up, the IIF says. However, the report warns that the recovery will largely depend on the policies EMs put in place to \u201ccatalyze\u201d the process, and that investors will generally be more discerning when choosing where to direct their investments.<\/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\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/emerging-markets\/\">emerging markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/portfolio-investment\/\">portfolio investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-macro-picture\/\">THE MACRO PICTURE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"572667\" 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=\"572667\">\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\/07\/05\/egypt-in-the-news-on-5-july-2020\/\">\r\n                            Egypt in the News on 5 July 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\/07\/05\/egypt-in-the-news-on-5-july-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\/07\/05\/egypt-in-the-news-on-5-july-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\/07\/05\/egypt-in-the-news-on-5-july-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 5 July 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/07\/05\/egypt-in-the-news-on-5-july-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\/07\/05\/egypt-in-the-news-on-5-july-2020\/&title=Egypt in the News on 5 July 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+5+July+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F07%2F05%2Fegypt-in-the-news-on-5-july-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\/07\/05\/egypt-in-the-news-on-5-july-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572667\" class=\"content-area-description single-story post-572667 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-covid-19 tag-egypt-in-the-news tag-enterpriseam tag-giulio-regeni tag-human-rights tag-imf tag-italy tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Egypt\u2019s gradual economic and touristic reopening following a three-month closure is<\/strong> <strong>getting some digital ink in the foreign press this morning,<\/strong> including <a href=\"https:\/\/www.euronews.com\/2020\/07\/03\/egypt-reopens-pyramids-after-coronavirus-shutdown\">Euronews<\/a> and <a href=\"http:\/\/www.rfi.fr\/en\/wires\/20200701-egypt-reopens-pyramids-tourists-after-virus-closure\">France\u2019s AFP<\/a> (which focused on the return of trips to the Pyramids) and Voice of America (which published <a href=\"https:\/\/www.voanews.com\/gallery\/egypt-slowly-reopens-coronavirus-death-toll-climbs\">an image gallery<\/a> of the cautious return of life to Cairo).<\/p>\n<p><strong>Also from Planet Economy: <\/strong>The IMF should impose more conditions on its funding to Egypt to reduce the role of enterprises run by state entities in the economy and increase auditory oversight, AUC\u2019s <a href=\"https:\/\/twitter.com\/AmyAustinHolmes\">Amy Austin Holmes<\/a> writes for <a href=\"https:\/\/foreignpolicy.com\/2020\/07\/03\/sisi-corruption-egypt-imf-loans\/\">Foreign Policy<\/a>.<\/p>\n<p><strong>From Planet Politics: <\/strong>The US \u201cmust cut a path [out] of alliances with Turkey, Israel, Egypt and Saudi Arabia,\u201d Hisham Melhem of Washington\u2019s Gulf States Institutes writes for <a href=\"https:\/\/www.ft.com\/content\/baf1a9ca-75d8-4519-88ed-0ea7d0d6eddf\">the Financial Times<\/a>. Meanwhile, <a href=\"https:\/\/www.economist.com\/leaders\/2020\/07\/04\/egypt-ethiopia-and-sudan-must-learn-how-to-share-the-nile-river?fsrc=scn\/tw\/te\/bl\/ed\/damblusteregyptethiopiaandsudanmustlearnhowtosharethenileriverleaders\">the Economist<\/a> argues that \u201cEgypt, Ethiopia and Sudan must learn how to share the Nile river\u201d or else \u201csquabble over water could turn nastier.\u201d<\/p>\n<p><strong>LGBT groups are urging Facebook to take action on hate speech in the MENA region<\/strong> in response to a surge in hateful content following the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0d80988c-4f76-441a-90bf-cde63b29c899\">death of LGBT activist Sarah Hegazy<\/a> last month, <a href=\"https:\/\/www.reuters.com\/article\/us-mideast-lgbt-facebook\/facebook-urged-to-do-more-to-stop-lgbt-hate-speech-in-arab-countries-idUSKBN2426U7\">Reuters<\/a> reports.<\/p>\n<p><strong>Court upholds 15-year jail term for 2011 activist:<\/strong> The Court of Cassation yesterday upheld the 15-year jail sentence handed to Ahmed Douma, one of the leading opposition activists during the 2011 revolution, in 2015. <a href=\"https:\/\/apnews.com\/3517e477806c240f95dd1443ccb9c028\">The Associated Press<\/a> and <a href=\"http:\/\/www.xinhuanet.com\/english\/2020-07\/05\/c_139188800.htm\">Xinhua<\/a> noted the story.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-in-the-news\/\">Egypt in the News<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/giulio-regeni\/\">Giulio Regeni<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/human-rights\/\">human rights<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/imf\/\">IMF<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/italy\/\">Italy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"572668\" 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=\"572668\">\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\/07\/05\/no-progress-on-gerd-talks-as-fundamental-differences-persist-egypt-says\/\">\r\n                            No progress on GERD talks as \u201cfundamental\u201d differences persist, Egypt says                        <\/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\/07\/05\/no-progress-on-gerd-talks-as-fundamental-differences-persist-egypt-says\/\" 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\/07\/05\/no-progress-on-gerd-talks-as-fundamental-differences-persist-egypt-says\/')\">\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\/07\/05\/no-progress-on-gerd-talks-as-fundamental-differences-persist-egypt-says\/\">\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=No progress on GERD talks as \u201cfundamental\u201d differences persist, Egypt says&url=https:\/\/enterpriseam.com\/egypt\/2020\/07\/05\/no-progress-on-gerd-talks-as-fundamental-differences-persist-egypt-says\/\">\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\/07\/05\/no-progress-on-gerd-talks-as-fundamental-differences-persist-egypt-says\/&title=No progress on GERD talks as \u201cfundamental\u201d differences persist, Egypt says\">\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=No+progress+on+GERD+talks+as+%E2%80%9Cfundamental%E2%80%9D+differences+persist%2C+Egypt+says+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F07%2F05%2Fno-progress-on-gerd-talks-as-fundamental-differences-persist-egypt-says%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\/07\/05\/no-progress-on-gerd-talks-as-fundamental-differences-persist-egypt-says\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572668\" class=\"content-area-description single-story post-572668 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-diplomacy-foreign-trade tag-enterpriseam tag-ethiopia tag-gerd tag-sameh-shoukry wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>No progress on GERD talks as \u201cfundamental\u201d differences persist, Egypt says:<\/strong> Renewed talks over the Grand Ethiopian Renaissance Dam (GERD) at the weekend failed to find a breakthrough, with the Egyptian Foreign Ministry <a href=\"https:\/\/bit.ly\/3dUWDnT\">announcing<\/a> that there are still \u201cfundamental\u201d differences over the legal and technical aspects of the dam. The three countries agreed <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7a0f5cd7-c016-48d3-ab35-9314e7afbf36\">last month<\/a> to resume talks in a last-ditch effort to reach a final agreement on GERD before Ethiopia begins filling the dam\u2019s reservoir later this month. The negotiations \u2014 which will focus on pending legal and technical issues, including how to monitor water flow and handle dry years \u2014 are being brokered by the African Union.<\/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\/diplomacy-foreign-trade\/\">Diplomacy + Foreign Trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ethiopia\/\">Ethiopia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gerd\/\">GERD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sameh-shoukry\/\">Sameh Shoukry<\/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=\"572671\" 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=\"572671\">\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\/07\/05\/eni-makes-new-gas-discovery-in-egypts-nile-delta\/\">\r\n                            Eni makes new gas discovery in Egypt\u2019s Nile Delta                        <\/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\/07\/05\/eni-makes-new-gas-discovery-in-egypts-nile-delta\/\" 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\/07\/05\/eni-makes-new-gas-discovery-in-egypts-nile-delta\/')\">\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\/07\/05\/eni-makes-new-gas-discovery-in-egypts-nile-delta\/\">\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=Eni makes new gas discovery in Egypt\u2019s Nile Delta&url=https:\/\/enterpriseam.com\/egypt\/2020\/07\/05\/eni-makes-new-gas-discovery-in-egypts-nile-delta\/\">\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\/07\/05\/eni-makes-new-gas-discovery-in-egypts-nile-delta\/&title=Eni makes new gas discovery in Egypt\u2019s Nile Delta\">\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=Eni+makes+new+gas+discovery+in+Egypt%E2%80%99s+Nile+Delta+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F07%2F05%2Feni-makes-new-gas-discovery-in-egypts-nile-delta%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\/07\/05\/eni-makes-new-gas-discovery-in-egypts-nile-delta\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572671\" class=\"content-area-description single-story post-572671 post type-post status-publish format-standard hentry category-energy tag-electricity tag-energy tag-eni tag-enterpriseam tag-italy tag-totalenergies wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Italy\u2019s Eni has made a new gas discovery after drilling the first well at its North El Hammad exploration block in the Nile Delta, on the Bashrush prospect, the company said in a <a href=\"https:\/\/www.eni.com\/en-IT\/media\/press-release\/2020\/07\/eni-new-gas-discovery-in-the-mediterranean-sea-offshore-egypt.html\">statement<\/a>. The company said it had discovered a 152-meter gas column which it will test for production with partners BP and Total. The prospect is located north-west of the producing Baltim South West and Nooros fields.<\/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\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/eni\/\">Eni<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/italy\/\">Italy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/totalenergies\/\">TotalEnergies<\/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=\"572672\" 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=\"572672\">\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\">Real Estate + Housing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/05\/naccud-signs-land-sale-agreements-in-new-capital-with-12-companies\/\">\r\n                            NACCUD signs land sale agreements in new capital with 12 companies                        <\/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\/07\/05\/naccud-signs-land-sale-agreements-in-new-capital-with-12-companies\/\" 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\/07\/05\/naccud-signs-land-sale-agreements-in-new-capital-with-12-companies\/')\">\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\/07\/05\/naccud-signs-land-sale-agreements-in-new-capital-with-12-companies\/\">\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=NACCUD signs land sale agreements in new capital with 12 companies&url=https:\/\/enterpriseam.com\/egypt\/2020\/07\/05\/naccud-signs-land-sale-agreements-in-new-capital-with-12-companies\/\">\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\/07\/05\/naccud-signs-land-sale-agreements-in-new-capital-with-12-companies\/&title=NACCUD signs land sale agreements in new capital with 12 companies\">\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=NACCUD+signs+land+sale+agreements+in+new+capital+with+12+companies+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F07%2F05%2Fnaccud-signs-land-sale-agreements-in-new-capital-with-12-companies%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\/07\/05\/naccud-signs-land-sale-agreements-in-new-capital-with-12-companies\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572672\" class=\"content-area-description single-story post-572672 post type-post status-publish format-standard hentry category-real-estate-housing tag-ahmed-zaki-abdeen tag-enterpriseam tag-new-administrative-capital tag-new-administrative-capital-company-for-urban-development tag-real-estate tag-real-estate-housing wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The New Administrative Capital Company for Urban Development (NACCUD) has signed land sale agreements with 12 local companies in the new capital, company head Ahmed Zaki Abdeen said, according to <a href=\"https:\/\/bit.ly\/2VNztcZ\">Hapi Journal<\/a>. The sales come after NACCUD reduced the required down payment to 10% of each land plot\u2019s total value, from 20% initially. NACCUD plans to roll out more incentives on land purchases, Abdeen said, without providing further details.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ahmed-zaki-abdeen\/\">Ahmed Zaki Abdeen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/new-administrative-capital\/\">new administrative capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/new-administrative-capital-company-for-urban-development\/\">New Administrative Capital Company for Urban Development<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate\/\">real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate-housing\/\">Real Estate + Housing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"572673\" 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=\"572673\">\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\">Automotive + Transportation<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/05\/14-rail-signal-projects-to-be-completed-this-year\/\">\r\n                            14 rail signal projects to be completed this 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\/07\/05\/14-rail-signal-projects-to-be-completed-this-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\/07\/05\/14-rail-signal-projects-to-be-completed-this-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\/07\/05\/14-rail-signal-projects-to-be-completed-this-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=14 rail signal projects to be completed this year&url=https:\/\/enterpriseam.com\/egypt\/2020\/07\/05\/14-rail-signal-projects-to-be-completed-this-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\/07\/05\/14-rail-signal-projects-to-be-completed-this-year\/&title=14 rail signal projects to be completed this 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=14+rail+signal+projects+to+be+completed+this+year+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F07%2F05%2F14-rail-signal-projects-to-be-completed-this-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\/07\/05\/14-rail-signal-projects-to-be-completed-this-year\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572673\" class=\"content-area-description single-story post-572673 post type-post status-publish format-standard hentry category-automotive-transportation tag-automotive-transportation tag-egyptian-national-railways tag-enterpriseam tag-kamel-el-wazir tag-transport wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Fourteen railway signalling systems being upgraded by Thales International will be completed by December 2020, said Transport Minister Kamel El Wazir according to a cabinet <a href=\"https:\/\/bit.ly\/2ZDE02U\">statement<\/a>. The total cost of the upgrade and installation project will come to some EGP 46.8 bn.<\/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\/automotive-transportation\/\">Automotive + Transportation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egyptian-national-railways\/\">Egyptian National Railways<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/kamel-el-wazir\/\">Kamel El Wazir<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/transport\/\">transport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"572674\" 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=\"572674\">\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\">Banking + Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/05\/palm-hills-seeks-egp-400-mn-following-debt-restructuring-to-develop-the-crown\/\">\r\n                            Palm Hills seeks EGP 400 mn following debt restructuring to develop The Crown                        <\/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\/07\/05\/palm-hills-seeks-egp-400-mn-following-debt-restructuring-to-develop-the-crown\/\" 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\/07\/05\/palm-hills-seeks-egp-400-mn-following-debt-restructuring-to-develop-the-crown\/')\">\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\/07\/05\/palm-hills-seeks-egp-400-mn-following-debt-restructuring-to-develop-the-crown\/\">\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=Palm Hills seeks EGP 400 mn following debt restructuring to develop The Crown&url=https:\/\/enterpriseam.com\/egypt\/2020\/07\/05\/palm-hills-seeks-egp-400-mn-following-debt-restructuring-to-develop-the-crown\/\">\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\/07\/05\/palm-hills-seeks-egp-400-mn-following-debt-restructuring-to-develop-the-crown\/&title=Palm Hills seeks EGP 400 mn following debt restructuring to develop The Crown\">\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=Palm+Hills+seeks+EGP+400+mn+following+debt+restructuring+to+develop+The+Crown+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F07%2F05%2Fpalm-hills-seeks-egp-400-mn-following-debt-restructuring-to-develop-the-crown%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\/07\/05\/palm-hills-seeks-egp-400-mn-following-debt-restructuring-to-develop-the-crown\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572674\" class=\"content-area-description single-story post-572674 post type-post status-publish format-standard hentry category-banking-finance tag-arab-african-international-bank tag-attijariwafa-bank tag-banking-finance tag-debt tag-emirates-nbd tag-enterpriseam tag-first-abu-dhabi-bank tag-mashreq-bank tag-palm-hills-developments tag-suez-canal-bank wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Palm Hills Developments is reportedly in talks with seven banks to restructure its EGP 1.24 bn debt and borrow an additional EGP 400 mn to expand its Crown development in Sixth of October, <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=04072020&id=95706bf3-6653-4139-8a71-7e1ef6c6cf3b\">Al Shorouk<\/a> reports, citing unnamed sources. The banks are said to include Attijariwafa Bank Egypt, Emirates NBD, First Abu Dhabi Bank, Al Ahly Bank of Kuwait, the Suez Canal Bank, Mashreq Bank, and the AAIB.<\/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\/arab-african-international-bank\/\">Arab African International Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/attijariwafa-bank\/\">Attijariwafa Bank<\/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\/emirates-nbd\/\">Emirates NBD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/first-abu-dhabi-bank\/\">First Abu Dhabi Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mashreq-bank\/\">Mashreq Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/palm-hills-developments\/\">Palm Hills Developments<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/suez-canal-bank\/\">Suez Canal Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"572677\" 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=\"572677\">\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\">Egypt Politics + Economics<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/05\/egypts-prosecutor-general-investigates-22-year-olds-alleged-redacted-assault-of-100-girls-women\/\">\r\n                            Egypt\u2019s prosecutor general investigates 22-year-old\u2019s alleged [redacted] assault of 100+ girls, women                        <\/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\/07\/05\/egypts-prosecutor-general-investigates-22-year-olds-alleged-redacted-assault-of-100-girls-women\/\" 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\/07\/05\/egypts-prosecutor-general-investigates-22-year-olds-alleged-redacted-assault-of-100-girls-women\/')\">\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\/07\/05\/egypts-prosecutor-general-investigates-22-year-olds-alleged-redacted-assault-of-100-girls-women\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt\u2019s prosecutor general investigates 22-year-old\u2019s alleged [redacted] assault of 100+ girls, women&url=https:\/\/enterpriseam.com\/egypt\/2020\/07\/05\/egypts-prosecutor-general-investigates-22-year-olds-alleged-redacted-assault-of-100-girls-women\/\">\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\/07\/05\/egypts-prosecutor-general-investigates-22-year-olds-alleged-redacted-assault-of-100-girls-women\/&title=Egypt\u2019s prosecutor general investigates 22-year-old\u2019s alleged [redacted] assault of 100+ girls, women\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt%E2%80%99s+prosecutor+general+investigates+22-year-old%E2%80%99s+alleged+%5Bredacted%5D+assault+of+100%2B+girls%2C+women+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F07%2F05%2Fegypts-prosecutor-general-investigates-22-year-olds-alleged-redacted-assault-of-100-girls-women%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\/07\/05\/egypts-prosecutor-general-investigates-22-year-olds-alleged-redacted-assault-of-100-girls-women\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572677\" class=\"content-area-description single-story post-572677 post type-post status-publish format-standard hentry category-egypt-politics-economics tag-ahmed-bassam-zaki tag-auc tag-egypt-politics-economics tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>A man accused of harassing more than 100 Egyptian women has been arrested and will face prosecution, a security source told <a href=\"https:\/\/bit.ly\/3eZZIoj\">Masrawy<\/a>. More than 100 women have said on social media since Wednesday that a 22-year-old man [redacted] harassed, assaulted, and blackmailed them over the past several years, but the public prosecutor said yesterday that only one formal complaint had so far been submitted. The American University in Cairo, which the man previously attended, <a href=\"https:\/\/bit.ly\/3f13vld\">said on Thursday<\/a> that he left the institution in 2018. It is unclear whether he was dismissed. <a href=\"https:\/\/www.straitstimes.com\/world\/middle-east\/egypt-arrests-alleged-serial-sexual-predator\">AFP<\/a> and <a href=\"https:\/\/www.arabnews.com\/node\/1699566\/middle-east\">Arab News<\/a> also had the story, which has been making waves on social media over the long weekend.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ahmed-bassam-zaki\/\">Ahmed Bassam Zaki<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/auc\/\">AUC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-politics-economics\/\">Egypt Politics + Economics<\/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=\"572679\" 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=\"572679\">\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\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/05\/egypt-begins-usd-3-7-mn-suez-canal-house-renovations\/\">\r\n                            Egypt begins USD 3.7 mn Suez Canal House renovations                        <\/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\/07\/05\/egypt-begins-usd-3-7-mn-suez-canal-house-renovations\/\" 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\/07\/05\/egypt-begins-usd-3-7-mn-suez-canal-house-renovations\/')\">\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\/07\/05\/egypt-begins-usd-3-7-mn-suez-canal-house-renovations\/\">\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 begins USD 3.7 mn Suez Canal House renovations&url=https:\/\/enterpriseam.com\/egypt\/2020\/07\/05\/egypt-begins-usd-3-7-mn-suez-canal-house-renovations\/\">\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\/07\/05\/egypt-begins-usd-3-7-mn-suez-canal-house-renovations\/&title=Egypt begins USD 3.7 mn Suez Canal House renovations\">\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+begins+USD+3.7+mn+Suez+Canal+House+renovations+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F07%2F05%2Fegypt-begins-usd-3-7-mn-suez-canal-house-renovations%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\/07\/05\/egypt-begins-usd-3-7-mn-suez-canal-house-renovations\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/7\/22.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"572680\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/05\/egypt-begins-usd-3-7-mn-suez-canal-house-renovations\/22-jpg-18\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/7\/22.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"22.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/7\/22.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/7\/22.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572679\" class=\"content-area-description single-story post-572679 post type-post status-publish format-standard has-post-thumbnail hentry category-on-your-way-out tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Egypt has begun the USD 3.7 mn renovations of the historic Suez Canal House in <\/strong><strong>Port Said<\/strong>, according to <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1992386\">Al Masry Al Youm<\/a>. The monument was designed by a French architect in the 1890s during the reign of Khedive Abbas Helmy II to accommodate important visitors. The house was also used by the British forces during the <a href=\"https:\/\/www.sis.gov.eg\/Story\/26502\">tripartite aggression<\/a> in Port Said in 1956.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"572681\" 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=\"572681\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">13<\/div>\r\n\r\n                    <p class=\"f-graphik\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/05\/the-market-yesterday-121\/\">\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\/07\/05\/the-market-yesterday-121\/\" 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\/07\/05\/the-market-yesterday-121\/')\">\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\/07\/05\/the-market-yesterday-121\/\">\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\/07\/05\/the-market-yesterday-121\/\">\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\/07\/05\/the-market-yesterday-121\/&title=The Market Yesterday\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=The+Market+Yesterday+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F07%2F05%2Fthe-market-yesterday-121%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\/07\/05\/the-market-yesterday-121\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572681\" class=\"content-area-description single-story post-572681 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 16.08 | Sell 16.18<\/p>\n<p> <strong>EGP \/ USD at CIB:<\/strong> Buy 16.09 | Sell 16.19<br \/>\n <strong>EGP \/ USD at NBE: <\/strong>Buy 16.07 | Sell 16.17<\/p>\n<p><strong>EGX30<\/strong> (Tuesday): 10,765 (+0.1%)<br \/>\n <strong>Turnover:<\/strong> EGP 1.1 bn (34% above the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: -22.9%<\/p>\n<p><strong>THE MARKET ON TUESDAY:<\/strong> The EGX30 ended Tuesday\u2019s session up 0.1%. CIB, the index\u2019s heaviest constituent, ended down 0.7%. EGX30\u2019s top performing constituents were Porto Group up 6.1%, Sodic up 3.5%, and Credit Agricole up 3.0%. Tuesday\u2019s worst performing stocks were Dice down 1.9%, Egypt Kuwait Holding down 1.1% and CIB down 0.7%. The market turnover was EGP 1.1 bn, and local investors were the sole net buyers.<\/p>\n<p><strong>Foreigners<\/strong>: Net short | EGP -120.1 mn<br \/>\n <strong>Regional<\/strong>: Net short | EGP -20.5 mn<br \/>\n <strong>Domestic<\/strong>: Net long | EGP +140.5 mn<\/p>\n<p><strong>Retail<\/strong>: 64.0% of total trades | 62.1% of buyers | 65.9% of sellers<br \/>\n <strong>Institutions<\/strong>: 36.0% of total trades | 37.9% of buyers | 34.1% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 40.32 (-0.81%)<br \/>\n <strong>Brent:<\/strong> USD 42.80 (-0.79%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 1.75 MMBtu, (+0.92%, August 2020 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,787.30 \/ troy ounce (-0.15%)<\/p>\n<p><strong>TASI:<\/strong> 7,312 (+0.81%) (YTD: -12.84%)<br \/>\n <strong>ADX:<\/strong> 4,311 (+0.62%) (YTD: -15.05%)<br \/>\n <strong>DFM:<\/strong> 2,061 (-0.14%) (YTD: -25.44%)<br \/>\n <strong>KSE Premier Market:<\/strong> 5,599 (+0.59%)<br \/>\n <strong>QE:<\/strong> 9,211 (+1.37%) (YTD: -11.64%)<br \/>\n <strong>MSM:<\/strong> 3,511 (-0.18%) (YTD: -11.79%)<br \/>\n <strong>BB: <\/strong>1,274 (+0.17%) (YTD: -20.86%)<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-market-yesterday\/\">The Market Yesterday<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"572682\" 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\/07\/05\/572682\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572682\" class=\"content-area-description single-story post-572682 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>23 July (Thursday): 23 July revolution anniversary, national holiday.<\/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>11-12 August (Tuesday-Wednesday): Senate elections take place.<\/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>8-9 September (Tuesday-Wednesday): Run-off Senate elections.<\/p>\n<p>15 September (Tuesday): 2019-2020 academic year ends for Egyptian universities.<\/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.<\/p>\n<p>8 October (Thursday): National holiday in observance of Armed Forces Day.<\/p>\n<p>23-31 October (Friday-Saturday): Updated dates for <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<p>25 January 2021 (Monday): 25 January revolution anniversary \/ Police Day.<\/p>\n<p>28 January 2021 (Thursday): National holiday in observance of 25 January revolution anniversary \/ Police Day.<\/p>\n<p>4 February 2021 (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>18 March 2021 (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>12 April 2021 (Monday): First day of Ramadan (TBC).<\/p>\n<p>25 April 2021 (Sunday): Sinai Liberation Day.<\/p>\n<p>29 April 2021 (Thursday): National holiday in observance of Sinai Liberation Day.<\/p>\n<p>29 April 2021 (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>3 May (Monday): Sham El Nessim.<\/p>\n<p>6 May (Thursday): National holiday in observance of Sham El Nessim.<\/p>\n<p>12-15 May (Wednesday-Saturday): Eid El Fitr (TBC).<\/p>\n<p>10 June (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>22 July (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":572645,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-572644","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"1a9097cb-1e62-42c1-978f-6b16657d2997","teaser":"","photo_url":"https:\/\/ent.news\/2020\/7\/12.jpg"},"yoast_head":"<!-- This site is optimized with the 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