{"id":572914,"date":"2020-07-14T04:15:18","date_gmt":"2020-07-14T04:15:18","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=572914"},"modified":"2025-12-16T08:51:08","modified_gmt":"2025-12-16T08:51:08","slug":"aaib-takes-12-25-of-phd-imf-lowers-its-mena-growth-forecast","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/aaib-takes-12-25-of-phd-imf-lowers-its-mena-growth-forecast\/","title":{"rendered":"AAIB takes 12.25% of PHD + IMF lowers its MENA growth forecast"},"content":{"rendered":"<section id=\"572916\" 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=\"572916\">\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\/14\/what-were-tracking-on-14-july-2020\/\">\r\n                            What we\u2019re tracking on 14 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\/14\/what-were-tracking-on-14-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(); 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(It doesn\u2019t hurt that lots of you nice people out there appear to be WFH from \u2026 Sahel and Sokhna and, even in this heat, Gouna. Good on you. We\u2019ll hold down the concrete jungle in your absence.)<\/p><p><strong>It\u2019s set to be an action-packed week in the House next week <\/strong>with several pieces of major legislation up for a final vote in the general assembly. <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d8ff7c31-d68b-4d6c-8c97-b7a2992128a2\">The Banking Act<\/a>, amendments to the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3ca43428-ef07-418a-b24a-fd32c3218080\">Public Enterprises Act<\/a>, temporary legislation to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6e8865f7-5cd2-4c12-9ce9-ed5dcdbd6d18\">apply the 1% \u2018corona tax\u2019 on salaries<\/a>, the new <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/19\/egypts-new-customs-act-expected-to-come-into-effect-in-1h2020-8760\/\">Customs Act<\/a>, the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b157b40b-45d7-455d-9b8f-a52f21851d0e\">Unified Tax Act<\/a>, and the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0e83fb2e-5a1e-4f34-a5e5-b627074b2041\">temporary tax settlement legislation<\/a> are among the bills up for a final vote, according to <a href=\"https:\/\/bit.ly\/2CAfFD1\">Al Mal<\/a>.<\/p><p><strong>Feeling like easing into the workday? Start with <\/strong><strong><a href=\"https:\/\/www.nytimes.com\/2020\/07\/10\/opinion\/sunday\/coronavirus-economy-two-years.html\">It\u2019s 2022. What does life look like?<\/a><\/strong> by David Leonhardt for the New York Times. It\u2019s an NYC-centric piece, but the questions he asks \/ predictions he makes have global resonance.<\/p><p><strong>Thinking about how to make remote work \u2026 work until fall? Or year\u2019s end? <\/strong>Go read this interview with Matt Mullenweg, whose company built WordPress, the software that runs an ungodly chunk of the interwebs: <a href=\"https:\/\/www.nytimes.com\/2020\/07\/12\/business\/matt-mullenweg-automattic-corner-office.html\">An evangelist for remote work sees the rest of the world catch on.<\/a><\/p><p><strong>Do you hate your day job? Or have you just outgrown it? <\/strong>Find inspiration here: <a href=\"https:\/\/www.wsj.com\/articles\/career-reboot-how-an-architect-ended-up-directing-at-nickelodeon-11594483446\">Career<\/a><a href=\"https:\/\/www.wsj.com\/articles\/career-reboot-how-an-architect-ended-up-directing-at-nickelodeon-11594483446\">Reboot: How an architect ended up directing at Nickelodeon.<\/a> Job switching isn\u2019t just for 30-year-olds: <strong><a href=\"https:\/\/www.wsj.com\/articles\/the-case-for-a-midlife-8216gap8217-year-1386349833\">Maybe you need to take a midlife gap year<\/a><\/strong> to sort things out? Because it <a href=\"https:\/\/www.wsj.com\/articles\/its-never-too-late-to-start-a-brilliant-career-11556896617\">really never is too late to start a brilliant career<\/a>.<\/p><p><strong>Setting out as an entrepreneur is fundamentally an act of optimism <\/strong>\u2014 and nowhere is that clearer than news yesterday that GAFI registered 15% more companies in June 2020 than in the same month last year, the agency said <a href=\"https:\/\/ent.news\/2020\/7\/%D8%A7%D9%84%D9%87%D9%8A%D8%A6%D8%A9-%D8%A7%D9%84%D8%B9%D8%A7%D9%85%D8%A9-%D9%84%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1_-%D8%A7%D8%B1%D8%AA%D9%81%D8%A7%D8%B9%D9%8B%D8%A7-%D9%85%D9%84%D8%AD%D9%88%D8%B8%D9%8B%D8%A7-%D9%81%D9%8A-%D9%85%D8%A4%D8%B4%D8%B1%D8%A7%D8%AA-%D8%AA%D8%A3%D8%B3%D9%8A%D8%B3-%D8%A7%D9%84%D8%B4%D8%B1%D9%83%D8%A7%D8%AA-%D8%AE%D9%84%D8%A7%D9%84-%D9%8A%D9%88%D9%86%D9%8A%D9%88-2020-%D8%A8%D9%86%D8%B3%D8%A8%D8%A9-15.pdf\">in a statement (pdf)<\/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\/38VyA7m\">confirmed<\/a><\/strong><strong> 77 new deaths from covid-19 yesterday<\/strong>, bringing the country\u2019s total death toll to 3,935. Egypt has now disclosed a total of 83,001 confirmed cases of covid-19, after the ministry reported <strong>931 new infections yesterday<\/strong>. We now have a total of 24,975 cases who have fully recovered.<\/p><p><strong>How much do the Ruskies want a beach vacation (including in Egypt)? Enough to<\/strong><strong> go through a 14-hour detour<\/strong> through Belarus, which gives them a loophole through the Russian government\u2019s ban on foreign travel, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-07-12\/a-14-hour-detour-is-helping-russians-escape-to-the-beach?sref=mmeFTDW1\">Bloomberg<\/a> reports. Belarus\u2019 restrictions are far more relaxed than are Russia\u2019s, pushing droves of Russians to drive 715 km from Moscow to Minsk, where they can then fly out to any destination. Egypt and Turkey have proved particularly popular for package holiday bookings, with one Minsk-based tour operator saying that all flights to the two countries out of Belarus \u201care booked solid beyond mid-July.\u201d Charter flights have been <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/33b84d16-6860-471b-a8ae-0a636614a86e\">allowed to land<\/a> in the Red Sea, South Sinai, and Matrouh since 1 July.<\/p><p><strong>Wizz Air will operate three flights per week starting between Alexandria and Milan <\/strong><strong>from <\/strong><strong>17 September,<\/strong> <a href=\"https:\/\/bit.ly\/38RhBDm\">said Seif Bahgat<\/a>, CEO of New Star Aviation Services, the local agent for the airline.<\/p><p><strong>Some more emergency covid-19 funding might be heading our way from Europe:<\/strong> The National Bank of Egypt is seeking an EUR 800 mn loan from the European Investment Bank for on-lending to SMEs and midcaps, to provide them with support during the covid-19 crisis, according to the bank\u2019s <a href=\"https:\/\/www.eib.org\/en\/projects\/pipelines\/all\/20200093\">website<\/a>.<\/p><p><strong>ON THE GLOBAL FRONT-<\/strong><\/p><p><strong>Sunday was the worst day of the global crisis yet:<\/strong> More than 230k fresh cases of covid-19 were reported globally on Sunday, surpassing the previous record of 228k cases <a href=\"https:\/\/www.theguardian.com\/world\/2020\/jul\/13\/global-coronavirus-report-who-reveals-fresh-record-rise-in-cases-worldwide\">set last Friday<\/a>, according to the <a href=\"https:\/\/www.who.int\/dg\/speeches\/detail\/who-director-general-s-opening-remarks-at-the-media-briefing-on-covid-19---13-july-2020\">World Health Organization<\/a>. <strong>Global cases have now surpassed 13 mn<\/strong>, according to the Johns Hopkins University\u2019s corona tracker.<\/p><p><strong>California has performed a screeching U-turn on its reopening plans as new cases and <\/strong><strong>deaths continue to surge.<\/strong> The governor yesterday ordered bars and indoor operations of restaurants and theaters to close just a few weeks after they had begun reopening their doors, the <a href=\"https:\/\/www.wsj.com\/articles\/coronavirus-latest-news-07-13-2020-11594628843?mod=hp_lead_pos1\">Wall Street Journal<\/a> reports.<\/p><p><strong>Unsurprisingly, the WHO is hardly a ray of sunshine right now:<\/strong> \u201cLet me be blunt, too many countries are headed in the wrong direction, the virus remains public enemy number one,\u201d WHO director-general Tedros Adhanom Ghebreysus <a href=\"https:\/\/www.who.int\/dg\/speeches\/detail\/who-director-general-s-opening-remarks-at-the-media-briefing-on-covid-19---13-july-2020\">said at a briefing yesterday<\/a>. \u201cIf the basics are not followed, there is only one way this pandemic is going to go \u2014 <strong>it is going to get worse and worse and worse.\u201d<\/strong><\/p><p><strong>BAD NEWS? Recovered covid-19 patients may start to lose virus immunity in a matter of months<\/strong> making them susceptible to infection once again, a new King\u2019s College study suggests, according to <a href=\"https:\/\/www.theguardian.com\/world\/2020\/jul\/12\/immunity-to-covid-19-could-be-lost-in-months-uk-study-suggests\">the Guardian<\/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\/SOMA-ENTERPRISE-JULY1-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/a>Enjoy a memorable summer with Somabay\u2019s exclusive dining experience built around family atmosphere and love to deliver exceptional service at every step of your journey.<\/p><p><strong>AND THE REST OF THE WORLD- <\/strong><\/p><p><strong>The Fed\u2019s blowing bubbles to save the US from corona calamity:<\/strong> The Federal Reserve\u2019s injection of USD 3 tn into the markets is fuelling speculative bubbles in stocks, bonds and IPO valuations, <a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-federalreserve-mar\/federal-reserves-3-trillion-virus-rescue-inflates-market-bubbles-idUSKCN24E13G\">Reuters<\/a> reports.<\/p><p><strong>Coinbase could become first US crypto IPO:<\/strong> Cryptocurrency exchange Coinbase is preparing to go public in the US, in the process becoming the first US crypto firm to IPO, <a href=\"https:\/\/www.reuters.com\/article\/us-coinbase-ipo-exclusive\/exclusive-crypto-exchange-coinbase-readies-landmark-stock-market-listing-sources-say-idUSKBN24A21W?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=newsletter_axiosmarkets&amp;stream=business\">Reuters<\/a> reports, citing three sources familiar with the matter. The listing could come as soon as this year, the sources said, adding that the company has not yet told regulators of its intention to go public.<\/p><p><strong>Bankers have taken nearly USD 6 bn out of Lebanon,<\/strong> circumventing capital controls put in place by the government last year to protect the financial system, Alain Bifani, former head of the Finance Ministry, <a href=\"https:\/\/www.ft.com\/content\/df234c78-a945-4199-befe-0272259dc755\">told the Financial Times<\/a>.<\/p><p><strong>UAE will launch a spacecraft named Hope Probe to Mars tomorrow<\/strong> that will travel 60 mn kms across space to arrive at its destination next year, <a href=\"https:\/\/www.thenational.ae\/uae\/science\/hope-springs-anew-for-arab-science-with-launch-of-mars-probe-1.1048174\">the National<\/a> reports.<\/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 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    <span>Driving growth<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-left\" class=\"svg-inline--fa fa-chevron-left\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M34.52 239.03L228.87 44.69c9.37-9.37 24.57-9.37 33.94 0l22.67 22.67c9.36 9.36 9.37 24.52.04 33.9L131.49 256l154.02 154.75c9.34 9.38 9.32 24.54-.04 33.9l-22.67 22.67c-9.37 9.37-24.57 9.37-33.94 0L34.52 272.97c-9.37-9.37-9.37-24.57 0-33.94z\"><\/path><\/svg><\/button><button class=\"stk-block-carousel__button stk-block-carousel__button__next\" aria-label=\"Next slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-right\" 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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\/14\/gerd-talks-domestic-consumption-top-stories-on-talk-shows\/\">\r\n                            GERD talks, domestic consumption 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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                               <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572918\" class=\"content-area-description single-story post-572918 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-african-union tag-consumer-protection-agency tag-enterprise-last-nights-talk-shows tag-enterpriseam tag-ethiopia tag-gerd tag-mohamed-maait tag-new-urban-communities-authority tag-sameh-shoukry tag-senate tag-sudan tag-tahya-misr-fund tag-un wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a id=\"tldr-story-01\" class=\"content-anchor\"><\/a> <strong>The big news of the night: More details of the Madbouly government\u2019s plans to encourage consumer spending. <\/strong>The breakdown of GERD negotiations the schools \u201cexpenses crisis\u201d also got attention from the nation\u2019s talking heads.<\/p>\n<p><strong>Finance Minister Mohamed Maait had a busy post-work schedule last night,<\/strong> stopping by Al Kahera Alaan <a href=\"https:\/\/www.youtube.com\/watch?v=enhsXT73Eho\">(watch, runtime: 23:42)<\/a> and Ala Mas\u2019ouleety <a href=\"https:\/\/www.youtube.com\/watch?v=22mtqncH0kQ\">(watch, runtime: 36:43)<\/a> for extended interviews to offer new details on the government\u2019s <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a9ca4595-65d7-4dd9-80f7-225ca87d2630\">new measures<\/a> to boost consumption and awaken the country from its demand slump.<\/p>\n<p><strong>What did we learn?<\/strong><\/p>\n<ul>\n<li><strong>The government will spend EGP 10-12 bn subsidizing discounts on goods for ration card holders<\/strong>. This, he said, would stimulate EGP 100 bn worth of consumer spending.<\/li>\n<li><strong>Discounts of around 15-25% will be offered on a range of goods,<\/strong> from manufacturers directly as well as at various points along commercial supply chains. Which goods will be eligible for discounts remains unclear.<\/li>\n<li><strong>The initiative will run for three months<\/strong> and will be launched within three to four weeks.<\/li>\n<li>There were no new details on how the Finance Ministry\u2019s proposed EGP 2 bn holding fund will operate.<\/li>\n<\/ul>\n<p><strong>GERD talks end without agreement:<\/strong> Foreign Minister Sameh Shoukry was also doing the rounds last night, discussing the breakdown in talks over the future of the Grand Ethiopian Renaissance Dam (GERD) with El Hekaya\u2019s Amr Adib <a href=\"https:\/\/www.youtube.com\/watch?v=BtA5hKLG5Yg\">(watch, runtime: 7:01)<\/a> and Masaa DMC\u2019s Eman El Hosary <a href=\"https:\/\/www.youtube.com\/watch?v=aI7IQessWy8\">(watch, runtime: 6:21)<\/a>. Shoukry said that the UN Security Council is monitoring the talks, hinting that it may step in to arbitrate. Al Kahera Alaan\u2019s Lamees El Hadidi <a href=\"https:\/\/www.youtube.com\/watch?v=kurR435VIqg\">(watch, runtime: 9:21)<\/a> and Ala Mas\u2019ouleety\u2019s Ahmed Moussa <a href=\"https:\/\/www.youtube.com\/watch?v=wJQHBBo7ioo\">(watch, runtime: 21:04)<\/a> both spoke with Alaa Al Zawahiri, a member of Egypt\u2019s technical team, who said that the teams will now present their final reports to the African Union, which in turn is expected to propose solutions for the crisis. Adib also spoke with Irrigation Ministry spokesman Mohamed El Sebaei to discuss the matter <a href=\"https:\/\/www.youtube.com\/watch?v=L3VDzu9EJxk\">(watch, runtime: 5:21)<\/a>. We have more on this in this morning\u2019s Speed Round, below.<\/p>\n<p><strong>CPA intervenes on private schools, undisclosed prices: <\/strong>El Hadidi spoke with Ahmed Samir Farag, the acting head of the Consumer Protection Agency, to discuss what they termed the \u201cexpenses crisis\u201d at private schools, in which some schools are charging fees many parents consider exorbitant. He said that he had reached out to the Education Ministry to address the issue, as it falls under their jurisdiction. Farag also noted that the agency <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/71de792e-5874-446b-9301-dcd30323485e\">last week announced<\/a> that it will fine companies that don\u2019t publicly disclose the prices of their products <a href=\"https:\/\/www.youtube.com\/watch?v=0k41M8SGxmo&t=113s\">(watch, runtime: 10:12)<\/a>.<\/p>\n<p><strong>Egyptians abroad:<\/strong> El Hosary spoke with Immigration Minister Nabila Makram Ebeid who discussed repatriating Egyptian students still stranded abroad, as well as the mechanism for Egyptians abroad to vote in the upcoming Senate elections <a href=\"https:\/\/www.youtube.com\/watch?v=RjT-2fevLXw\">(watch, runtime: 20:13)<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/african-union\/\">African Union<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/consumer-protection-agency\/\">Consumer Protection Agency<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-last-nights-talk-shows\/\">Enterprise+: Last Night\u2019s Talk Shows<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ethiopia\/\">Ethiopia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gerd\/\">GERD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mohamed-maait\/\">Mohamed Maait<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/new-urban-communities-authority\/\">New Urban Communities Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sameh-shoukry\/\">Sameh Shoukry<\/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\/sudan\/\">Sudan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tahya-misr-fund\/\">Tahya Misr Fund<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/un\/\">UN<\/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=\"572919\" 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=\"572919\">\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\/14\/imf-lowers-mena-growth-forecasts-in-2020-due-to-persisting-uncertainty\/\">\r\n                            IMF lowers MENA growth forecasts in 2020 due to persisting uncertainty                        <\/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\/14\/imf-lowers-mena-growth-forecasts-in-2020-due-to-persisting-uncertainty\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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<li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=IMF+lowers+MENA+growth+forecasts+in+2020+due+to+persisting+uncertainty+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F07%2F14%2Fimf-lowers-mena-growth-forecasts-in-2020-due-to-persisting-uncertainty%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\/14\/imf-lowers-mena-growth-forecasts-in-2020-due-to-persisting-uncertainty\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/7\/99.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"572920\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/14\/imf-lowers-mena-growth-forecasts-in-2020-due-to-persisting-uncertainty\/99-jpg-11\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/7\/99.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"99.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/7\/99.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/7\/99.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572919\" class=\"content-area-description single-story post-572919 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round tag-enterpriseam tag-imf tag-mena 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> The IMF slashed its 2020 GDP forecast for the MENA region, penciling in a <\/strong><strong>5.7% contraction for the year<\/strong> in its <a href=\"https:\/\/www.imf.org\/en\/Publications\/REO\/MECA\/Issues\/2020\/07\/13\/regional-economic-outlook-update-menap-cca\">July update<\/a> of its regional economic outlook for the Middle East and Central Asia. The fund had expected a 3.3% contraction for the region in April but has revised its projection downward due to the continued uncertainty about the duration of the pandemic and the prospects for recovery, particularly in light of the continued pressure on oil prices.<\/p>\n<p><strong>Before we go further: The forecast doesn\u2019t break out country-level projections<\/strong>, and IMF Egypt boss Uma Ramakrishnan said last week in an interview that the institution sees <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2cfcd983-07b8-48c1-a378-0793b908ded4\">Egypt\u2019s economy growing at a 2% clip through the end of 2021<\/a>. The European Bank of Reconstruction and Development, meanwhile, gave us a positive score <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8564fa19-5f0c-4f52-8d2e-a0a73e372c22\">in May<\/a>, and saw the economy doing better than that of any other country in the region this year.<\/p>\n<p><strong>Regional oil importers, which include Egypt, could contract by a collective 1.1%. <\/strong>This is because any benefits of lower crude prices will be offset by global trade obstacles, lower revenues from tourism and expat remittances, and tighter global financial conditions, the fund said.<\/p>\n<p><strong>Oil exporters, meanwhile, are expected to see their economies shrink by 7.3%<\/strong>, driven by fluctuations in oil prices and pandemic lockdowns. Energy producers in the region stand to lose USD 270 bn in oil revenue compared to last year, according to the lender. The foregone revenue is chalked up to economic giant Saudi Arabia taking a battering from the pandemic, <a href=\"https:\/\/www.washingtonpost.com\/world\/middle_east\/imf-mideast-loses-270b-oil-income-amid-virus-recession\/2020\/07\/13\/93b2dd9a-c4f9-11ea-a825-8722004e4150_story.html\">the Washington Post<\/a> notes.<\/p>\n<p><strong>Brent crude is currently in the region of USD 43 \/ bbl<\/strong> after production cuts by OPEC and its allies helped drive prices upward from record lows in March. Even following the record cuts, which started taking effect, the oil market is facing a general glut as growing covid-19 cases worldwide <a href=\"https:\/\/finance.yahoo.com\/news\/oil-glut-concerns-rising-covid-085632437.html\">\"dampen global demand\"<\/a>. Oil traded at <a href=\"https:\/\/www.visualcapitalist.com\/subzero-oil-price-crash-covid-19\/\">closer to USD 60<\/a> a barrel before the pandemic took hold.<\/p>\n<p><strong>Globally, the situation isn\u2019t much better. <\/strong>The IMF said last month in its <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2b47a22c-5356-4ebb-8019-0d038f5afd7f\">most recent update to<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2b47a22c-5356-4ebb-8019-0d038f5afd7f\">its the World Economic Outlook<\/a>that the world is entering into a deeper recession than previously thought. The fund revised downwards its global economic growth expectations to -4.9% from an earlier -3%.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/imf\/\">IMF<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mena\/\">MENA<\/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=\"572931\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"572932\" 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=\"572932\">\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\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/14\/egypt-in-the-news-on-14-july-2020\/\">\r\n                            Egypt in the News on 14 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\/14\/egypt-in-the-news-on-14-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\/14\/egypt-in-the-news-on-14-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\/14\/egypt-in-the-news-on-14-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 14 July 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/07\/14\/egypt-in-the-news-on-14-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\/14\/egypt-in-the-news-on-14-july-2020\/&title=Egypt in the News on 14 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+14+July+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F07%2F14%2Fegypt-in-the-news-on-14-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\/14\/egypt-in-the-news-on-14-july-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572932\" class=\"content-area-description single-story post-572932 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-ancient-egypt tag-cleopatra tag-egypt-in-the-news tag-enterpriseam tag-tutankhamun wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>It\u2019s a busy but mixed day for Egypt in the international press this morning. <\/strong>Coverage of Egypt\u2019s \u201c#MeToo moment\u201d from the <a href=\"https:\/\/apnews.com\/c06a2d92c6f309ea9623924676d9a0fa\">Associated Press<\/a> is getting wide pickup, and US Democratic presidential candidate-in-waiting Joe Biden took a <a href=\"https:\/\/twitter.com\/JoeBiden\/status\/1282419453939113989\">swipe at Egypt<\/a> on Twitter after the release and repatriation of Egyptian-American Mohamed student and activist Mohamed Amashah, whose story got some ink from <a href=\"https:\/\/edition.cnn.com\/2020\/07\/06\/politics\/mohamed-amashah-release\/index.html\">CNN<\/a>.<\/p>\n<p><strong>A spate of stories looks at covid in Egypt<\/strong>, including <a href=\"https:\/\/www.reuters.com\/article\/us-egypt-climatechange-energy-trfn\/shorter-hours-cleaner-air-egypt-may-extend-its-covid-19-evening-curfew-idUSKCN24E1FV\">Reuters<\/a> writing of the impact of a permanent <strong>ban on late-night dining and shopping<\/strong> (building on measures imposed during the lockdown) and <a href=\"https:\/\/apnews.com\/e6f27bdd46cd7a3af1a020fdcca7c398\">the AP<\/a> talking about <strong>Cairenes delivering home-cooked meals to people with covid-19<\/strong> \u2014 a sign there is some good left out there. <strong>Sudanese migrants<\/strong> in Egypt are struggling as perhaps a quarter of them have lost jobs and nearly half have had working hours cut thanks to the pandemic, <a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-egypt-migrants\/after-losing-jobs-many-sudanese-struggle-to-make-ends-meet-in-egypt-idUSKCN24E28K?il=0\">Reuters<\/a> reports, while <a href=\"https:\/\/apnews.com\/1eebfb40fa800c602a9d123522b7c54d\">the AP<\/a> notes that <strong><a href=\"https:\/\/cpj.org\/2020\/07\/egyptian-journalist-mohamed-monir-dies-after-contracting-covid-19-in-pretrial-detention\/\">journalist<\/a><\/strong><strong> Mohamed Monir has died of covid <\/strong>after being released from pretrial detention at age 65. Monir was arrested after appearing on Islamist mouthpiece Al-Jazeera.<\/p>\n<p>Meanwhile, <a href=\"https:\/\/www.thenational.ae\/world\/mena\/nile-dam-talks-alternative-formulas-fail-to-break-deadlock-1.1048730\">The National<\/a> notes that <strong>\u201calternative formulas\u201d have fallen flat in GERD talks<\/strong>.<\/p>\n<p><strong>Antiquities in the spotlight: <\/strong>Two mummies found in Taposiris Magna Temple near Alexandria may be <strong>the final clues needed to find Cleopatra\u2019s tomb<\/strong>, reports the <a href=\"https:\/\/www.theguardian.com\/science\/2020\/jul\/12\/sensational-egypt-find-offers-clues-in-hunt-for-cleopatras-tomb\">Guardian<\/a>, while <a href=\"https:\/\/www.artnews.com\/art-news\/news\/tutankhamun-saatchi-gallery-exhibition-lawsuit-egyptian-laws-1202693750\/\">Art News<\/a> picks up on a BBC News Arabic <a href=\"https:\/\/www.youtube.com\/watch?v=wQWVpskwQH8\">investigation<\/a> suggesting that the <strong>Tutankhamun exhibition at London\u2019s Saatchi Gallery <\/strong>may have violated Egyptian antiquities laws.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ancient-egypt\/\">Ancient Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cleopatra\/\">Cleopatra<\/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\/tutankhamun\/\">Tutankhamun<\/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=\"572933\" 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=\"572933\">\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\">Worth Listening<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/14\/rania-al-mashat-on-her-career-covid-19-and-egypts-2030-vision-enterprise-after-hours-podcast\/\">\r\n                            Rania Al Mashat on her career, covid-19, and Egypt\u2019s 2030 vision \u2014 Enterprise After Hours Podcast                        <\/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\/14\/rania-al-mashat-on-her-career-covid-19-and-egypts-2030-vision-enterprise-after-hours-podcast\/\" 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\/14\/rania-al-mashat-on-her-career-covid-19-and-egypts-2030-vision-enterprise-after-hours-podcast\/')\">\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\/14\/rania-al-mashat-on-her-career-covid-19-and-egypts-2030-vision-enterprise-after-hours-podcast\/\">\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=Rania Al Mashat on her career, covid-19, and Egypt\u2019s 2030 vision \u2014 Enterprise After Hours Podcast&url=https:\/\/enterpriseam.com\/egypt\/2020\/07\/14\/rania-al-mashat-on-her-career-covid-19-and-egypts-2030-vision-enterprise-after-hours-podcast\/\">\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\/14\/rania-al-mashat-on-her-career-covid-19-and-egypts-2030-vision-enterprise-after-hours-podcast\/&title=Rania Al Mashat on her career, covid-19, and Egypt\u2019s 2030 vision \u2014 Enterprise After Hours Podcast\">\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=Rania+Al+Mashat+on+her+career%2C+covid-19%2C+and+Egypt%E2%80%99s+2030+vision+%E2%80%94+Enterprise+After+Hours+Podcast+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F07%2F14%2Frania-al-mashat-on-her-career-covid-19-and-egypts-2030-vision-enterprise-after-hours-podcast%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\/14\/rania-al-mashat-on-her-career-covid-19-and-egypts-2030-vision-enterprise-after-hours-podcast\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/7\/103.png?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"572934\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/14\/rania-al-mashat-on-her-career-covid-19-and-egypts-2030-vision-enterprise-after-hours-podcast\/103-png\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/7\/103.png?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"103.png\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/7\/103.png?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/7\/103.png?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572933\" class=\"content-area-description single-story post-572933 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-listening tag-10351 tag-enterpriseam tag-imf tag-making-it tag-rania-al-mashat tag-sdgs tag-tourism-and-antiquities-ministry tag-worth-listening wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Enterprise After Hours, Episode 1: Rania Al Mashat:<\/strong> We sat down with International Cooperation Minister Rania Al Mashat to discuss her career from her days at the Central Bank of Egypt, to her crisis management years at the Tourism Ministry, through to her current stint at the International Cooperation Ministry. With each new position, Al Mashat had a hand in managing turbulent and economically uncertain episodes in Egypt\u2019s history between 2005 and the present day. Al Mashat highlights how covid-19 has played into\u2019s Egypt\u2019s 2030 vision and subsequently fast-tracked projects in health, transportation, and supporting SMEs to mitigate the socioeconomic impact of the pandemic.<\/p>\n<p><strong>Tap or click here to listen to the episode on<\/strong> <a href=\"https:\/\/bit.ly\/3iGasdy\">our website<\/a> | <a href=\"https:\/\/apple.co\/3eeHPR7\">Apple Podcasts<\/a> | <a href=\"https:\/\/bit.ly\/2BREY3P\">Google Podcasts<\/a>| <a href=\"https:\/\/bit.ly\/3iYlbA7\">Anghami<\/a> | <a href=\"https:\/\/bit.ly\/2ZenebL\">Omny<\/a>. We\u2019re also available on <a href=\"https:\/\/bit.ly\/3iGasdy\">Spotify<\/a>, but only for non-MENA accounts.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/2030\/\">2030<\/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\/making-it\/\">Making It<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/rania-al-mashat\/\">Rania Al Mashat<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sdgs\/\">SDGs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism-and-antiquities-ministry\/\">Tourism and Antiquities Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/worth-listening\/\">WORTH LISTENING<\/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=\"572935\" 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=\"572935\">\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\/14\/diplomacy-foreign-trade-more-on-libya-new-egyptian-ambassadors-and-new-ambassadors-to-egypt\/\">\r\n                            Diplomacy + Foreign Trade: More on Libya, new Egyptian ambassadors and new ambassadors to Egypt                        <\/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\/14\/diplomacy-foreign-trade-more-on-libya-new-egyptian-ambassadors-and-new-ambassadors-to-egypt\/\" 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\/14\/diplomacy-foreign-trade-more-on-libya-new-egyptian-ambassadors-and-new-ambassadors-to-egypt\/')\">\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\/14\/diplomacy-foreign-trade-more-on-libya-new-egyptian-ambassadors-and-new-ambassadors-to-egypt\/\">\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=Diplomacy + Foreign Trade: More on Libya, new Egyptian ambassadors and new ambassadors to Egypt&url=https:\/\/enterpriseam.com\/egypt\/2020\/07\/14\/diplomacy-foreign-trade-more-on-libya-new-egyptian-ambassadors-and-new-ambassadors-to-egypt\/\">\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\/14\/diplomacy-foreign-trade-more-on-libya-new-egyptian-ambassadors-and-new-ambassadors-to-egypt\/&title=Diplomacy + Foreign Trade: More on Libya, new Egyptian ambassadors and new ambassadors to Egypt\">\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=Diplomacy+%2B+Foreign+Trade%3A+More+on+Libya%2C+new+Egyptian+ambassadors+and+new+ambassadors+to+Egypt+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F07%2F14%2Fdiplomacy-foreign-trade-more-on-libya-new-egyptian-ambassadors-and-new-ambassadors-to-egypt%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\/14\/diplomacy-foreign-trade-more-on-libya-new-egyptian-ambassadors-and-new-ambassadors-to-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572935\" class=\"content-area-description single-story post-572935 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-diplomacy tag-diplomacy-foreign-trade tag-enterpriseam tag-libya wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Libya\u2019s House of Representatives said it welcomes the intervention of Egypt\u2019s armed <\/strong><strong>forces<\/strong> to repel what it described as a Turkish invasion and safeguard the country\u2019s national security and stability, in a <a href=\"https:\/\/bit.ly\/3frBSlf\">statement<\/a> on Monday. Meanwhile, Saudi Arabia, Bahrain, Greece, and Cyprus have joined Egypt in calling on the UN not to recognize an MoU between Turkey and the Tripoli-based Government of National Accord (GNA) delineating maritime borders, according to the sate-owned <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/374391\/Egypt\/Politics-\/Egypt,-Saudi-Arabia,-Greece,-Cyrpus,-Bahrain-urge-.aspx\">MENA<\/a> news agency.<\/p>\n<p><strong>We have new ambassadors: Moataz Zahran<\/strong> will head Egypt\u2019s mission to Washington, DC, <strong>Alaa Youssef<\/strong> is bound for Paris and <strong>Mohamed Idris<\/strong> will be Egypt\u2019s permanent representative to the United Nations in New York, <a href=\"https:\/\/www.mobtada.com\/details\/949136\">Mobtada<\/a> reports, noting that President Abdel Fattah El Sisi has signed off on the appointments. Zahran previously served as Egypt's ambassador to Canada, Youssef was a presidential spokesman from 2014 to 2017 before serving as Egypt\u2019s permanent representative to the UN\u2019s at its European headquarters in Geneva, while Idris previously served as Egypt's ambassador for Ethiopia.<\/p>\n<p><strong>El Sisi has accepted the credentials of new ambassadors from Russia<\/strong> (Georgiy Borisenko), <strong>Equatorial Guinea<\/strong> (Jos\u00e9 Esono Micha Akeng), <strong>Senegal<\/strong> (Ely Sy Beye), <strong>Tanzania<\/strong> (Anselm Shigongo Bahati), <strong>Bahrain<\/strong> (Hisham bin Mohammed Al-Jowder), and <strong>Latvia<\/strong> (Ilm\u0101rs Breidaks).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy-foreign-trade\/\">Diplomacy + Foreign Trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/libya\/\">Libya<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"572936\" 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=\"572936\">\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\">Infrastructure<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/14\/egypt-to-invest-more-than-egp-45-bn-to-build-47-seawater-desalination-plants-before-2025\/\">\r\n                            Egypt to invest more than EGP 45 bn to build 47 seawater desalination plants before 2025                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2020\/07\/14\/egypt-to-invest-more-than-egp-45-bn-to-build-47-seawater-desalination-plants-before-2025\/\">\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 to invest more than EGP 45 bn to build 47 seawater desalination plants before 2025&url=https:\/\/enterpriseam.com\/egypt\/2020\/07\/14\/egypt-to-invest-more-than-egp-45-bn-to-build-47-seawater-desalination-plants-before-2025\/\">\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\/14\/egypt-to-invest-more-than-egp-45-bn-to-build-47-seawater-desalination-plants-before-2025\/&title=Egypt to invest more than EGP 45 bn to build 47 seawater desalination plants before 2025\">\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+to+invest+more+than+EGP+45+bn+to+build+47+seawater+desalination+plants+before+2025+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F07%2F14%2Fegypt-to-invest-more-than-egp-45-bn-to-build-47-seawater-desalination-plants-before-2025%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\/14\/egypt-to-invest-more-than-egp-45-bn-to-build-47-seawater-desalination-plants-before-2025\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572936\" class=\"content-area-description single-story post-572936 post type-post status-publish format-standard hentry category-infrastructure tag-enterpriseam tag-housing-ministry tag-infrastructure tag-infrastructure-watch tag-matrouh tag-new-urban-communities-authority tag-red-sea wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Egypt will invest more than EGP 45 bn to construct 47 seawater desalination plants over the next five years in a project that aims to strengthen water supply in underserved areas such as Sinai, the Red Sea, and Matrouh by producing 2.44 mn cbm of water per day, according to <a href=\"https:\/\/bit.ly\/2OgBLgG\">Mubasher<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/housing-ministry\/\">Housing Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure-watch\/\">infrastructure watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/matrouh\/\">Matrouh<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/new-urban-communities-authority\/\">New Urban Communities Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/red-sea\/\">Red Sea<\/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=\"572938\" 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=\"572938\">\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\">Basic Materials + Commodities<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/14\/al-canal-sugar-contracts-el-deiab-to-reclaim-100k-feddans-in-egypts-west-minya\/\">\r\n                            Al Canal Sugar contracts El Deiab to reclaim 100k feddans in Egypt\u2019s West Minya                        <\/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\/14\/al-canal-sugar-contracts-el-deiab-to-reclaim-100k-feddans-in-egypts-west-minya\/\" 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\/14\/al-canal-sugar-contracts-el-deiab-to-reclaim-100k-feddans-in-egypts-west-minya\/')\">\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\/14\/al-canal-sugar-contracts-el-deiab-to-reclaim-100k-feddans-in-egypts-west-minya\/\">\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=Al Canal Sugar contracts El Deiab to reclaim 100k feddans in Egypt\u2019s West Minya&url=https:\/\/enterpriseam.com\/egypt\/2020\/07\/14\/al-canal-sugar-contracts-el-deiab-to-reclaim-100k-feddans-in-egypts-west-minya\/\">\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\/14\/al-canal-sugar-contracts-el-deiab-to-reclaim-100k-feddans-in-egypts-west-minya\/&title=Al Canal Sugar contracts El Deiab to reclaim 100k feddans in Egypt\u2019s West Minya\">\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=Al+Canal+Sugar+contracts+El+Deiab+to+reclaim+100k+feddans+in+Egypt%E2%80%99s+West+Minya+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F07%2F14%2Fal-canal-sugar-contracts-el-deiab-to-reclaim-100k-feddans-in-egypts-west-minya%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\/14\/al-canal-sugar-contracts-el-deiab-to-reclaim-100k-feddans-in-egypts-west-minya\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572938\" class=\"content-area-description single-story post-572938 post type-post status-publish format-standard hentry category-basic-materials-commodities tag-agriculture tag-basic-materials-commodities tag-commodities tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Al Canal Sugar has contracted El Deiab for Land Reclamation to reclaim 100k feddans in West Minya as the first phase of its plans to reclaim 181k feddans, according to <a href=\"https:\/\/ent.news\/2020\/7\/Press-Release-Canal-Sugar-Launches-Phase-I-of-the-181K-Feddan-Reclamation-Scheme-West-of-Minia-in-Collaboration-with-El-Deiab-for-Land-Reclamation.pdf\">a statement (pdf)<\/a>. The company did not disclose the value of the agreement. Al Canal is setting up a USD 1 bn sugar beet processing facility in West Minya, which will reach its full capacity of 900k tonnes in 2022, according to the statement.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/agriculture\/\">agriculture<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/basic-materials-commodities\/\">Basic Materials + Commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/commodities\/\">commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"572940\" 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=\"572940\">\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\">Health + Education<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/14\/egypts-ibnsina-pharma-launches-phone-app-to-allow-pharmacists-to-place-orders\/\">\r\n                            Egypt\u2019s Ibnsina Pharma launches phone app to allow pharmacists to place orders                        <\/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\/14\/egypts-ibnsina-pharma-launches-phone-app-to-allow-pharmacists-to-place-orders\/\" 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\/14\/egypts-ibnsina-pharma-launches-phone-app-to-allow-pharmacists-to-place-orders\/')\">\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\/14\/egypts-ibnsina-pharma-launches-phone-app-to-allow-pharmacists-to-place-orders\/\">\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 Ibnsina Pharma launches phone app to allow pharmacists to place orders&url=https:\/\/enterpriseam.com\/egypt\/2020\/07\/14\/egypts-ibnsina-pharma-launches-phone-app-to-allow-pharmacists-to-place-orders\/\">\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\/14\/egypts-ibnsina-pharma-launches-phone-app-to-allow-pharmacists-to-place-orders\/&title=Egypt\u2019s Ibnsina Pharma launches phone app to allow pharmacists to place orders\">\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+Ibnsina+Pharma+launches+phone+app+to+allow+pharmacists+to+place+orders+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F07%2F14%2Fegypts-ibnsina-pharma-launches-phone-app-to-allow-pharmacists-to-place-orders%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\/14\/egypts-ibnsina-pharma-launches-phone-app-to-allow-pharmacists-to-place-orders\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572940\" class=\"content-area-description single-story post-572940 post type-post status-publish format-standard hentry category-health-education tag-enterpriseam tag-health-education tag-manufacturing tag-pharma tag-retail tag-technology wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Ibnsina Pharma has launched an app that will allow pharmacists to place and track orders, the company said in <a href=\"https:\/\/bit.ly\/2CuJV2p\">a regulatory filing (pdf)<\/a>. The app is available at no charge for Android users on <a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.ibnsina_pharma.selfservice\">the Google Play<\/a> app store.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/health-education\/\">Health + Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <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\/retail\/\">retail<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/technology\/\">technology<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"572941\" 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=\"572941\">\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\">Real Estate + Housing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/14\/karim-zein-mohamed-seada-acquire-20-of-coldwell-banker-egypt\/\">\r\n                            Karim Zein, Mohamed Seada acquire 20% of Coldwell Banker Egypt                        <\/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\/14\/karim-zein-mohamed-seada-acquire-20-of-coldwell-banker-egypt\/\" 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\/14\/karim-zein-mohamed-seada-acquire-20-of-coldwell-banker-egypt\/')\">\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\/14\/karim-zein-mohamed-seada-acquire-20-of-coldwell-banker-egypt\/\">\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=Karim Zein, Mohamed Seada acquire 20% of Coldwell Banker Egypt&url=https:\/\/enterpriseam.com\/egypt\/2020\/07\/14\/karim-zein-mohamed-seada-acquire-20-of-coldwell-banker-egypt\/\">\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\/14\/karim-zein-mohamed-seada-acquire-20-of-coldwell-banker-egypt\/&title=Karim Zein, Mohamed Seada acquire 20% of Coldwell Banker Egypt\">\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=Karim+Zein%2C+Mohamed+Seada+acquire+20%25+of+Coldwell+Banker+Egypt+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F07%2F14%2Fkarim-zein-mohamed-seada-acquire-20-of-coldwell-banker-egypt%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\/14\/karim-zein-mohamed-seada-acquire-20-of-coldwell-banker-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572941\" class=\"content-area-description single-story post-572941 post type-post status-publish format-standard hentry category-real-estate-housing tag-enterpriseam tag-ma-watch tag-real-estate-housing wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Karim Zein and Mohamed Seada acquired a combined 20% stake in Coldwell Banker Egypt from former CEOs Mohamed Banany and Khaled Bahig, both of whom have stepped down, according to <a href=\"https:\/\/hapijournal.com\/?p=89275\">Hapi Journal<\/a>. Zein and Seada also bought out businessman Youssef El Far. Zein has now become the firm's CEO and managing director, while Seada will serve as deputy CEO for developing strategies and supporting tools.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ma-watch\/\">M&amp;A Watch<\/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=\"572943\" 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=\"572943\">\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\">Automotive + Transportation<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/14\/uber-launched-luxury-service-uber-black-for-trips-starting-at-cairo-airport\/\">\r\n                            Uber launched luxury service Uber Black for trips starting at Cairo Airport                        <\/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\/14\/uber-launched-luxury-service-uber-black-for-trips-starting-at-cairo-airport\/\" 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\/14\/uber-launched-luxury-service-uber-black-for-trips-starting-at-cairo-airport\/')\">\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\/14\/uber-launched-luxury-service-uber-black-for-trips-starting-at-cairo-airport\/\">\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=Uber launched luxury service Uber Black for trips starting at Cairo Airport&url=https:\/\/enterpriseam.com\/egypt\/2020\/07\/14\/uber-launched-luxury-service-uber-black-for-trips-starting-at-cairo-airport\/\">\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\/14\/uber-launched-luxury-service-uber-black-for-trips-starting-at-cairo-airport\/&title=Uber launched luxury service Uber Black for trips starting at Cairo Airport\">\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=Uber+launched+luxury+service+Uber+Black+for+trips+starting+at+Cairo+Airport+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F07%2F14%2Fuber-launched-luxury-service-uber-black-for-trips-starting-at-cairo-airport%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\/14\/uber-launched-luxury-service-uber-black-for-trips-starting-at-cairo-airport\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572943\" class=\"content-area-description single-story post-572943 post type-post status-publish format-standard hentry category-automotive-transportation tag-automotive-transportation tag-aviation tag-enterpriseam tag-ride-hailing tag-tourism tag-transport tag-uber wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Uber is launching a new service, Uber Black, that offers transportation with top-rated drivers in upscale cars for trips starting at Cairo International Airport, according to a <a href=\"https:\/\/ent.news\/2020\/7\/Press-Release-Uber-launches-Uber-Black-for-the-first-time-in-Cairo-in-partnership-with-Abou-Ghaly-Motors-.pdf\">press release (pdf)<\/a>. The ride-hailing company is partnering with Abou Ghaly Motors for the service.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/automotive-transportation\/\">Automotive + Transportation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/aviation\/\">aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ride-hailing\/\">ride-hailing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/uber\/\">Uber<\/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=\"572945\" 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=\"572945\">\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\">Banking + Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/14\/national-bank-of-egypt-arranges-eur-540-mn-loan-for-spinning-and-weaving-holding-co\/\">\r\n                            National Bank of Egypt arranges EUR 540 mn loan for Spinning and Weaving holding co.                        <\/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\/14\/national-bank-of-egypt-arranges-eur-540-mn-loan-for-spinning-and-weaving-holding-co\/\" 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\/14\/national-bank-of-egypt-arranges-eur-540-mn-loan-for-spinning-and-weaving-holding-co\/')\">\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\/14\/national-bank-of-egypt-arranges-eur-540-mn-loan-for-spinning-and-weaving-holding-co\/\">\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=National Bank of Egypt arranges EUR 540 mn loan for Spinning and Weaving holding co.&url=https:\/\/enterpriseam.com\/egypt\/2020\/07\/14\/national-bank-of-egypt-arranges-eur-540-mn-loan-for-spinning-and-weaving-holding-co\/\">\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\/14\/national-bank-of-egypt-arranges-eur-540-mn-loan-for-spinning-and-weaving-holding-co\/&title=National Bank of Egypt arranges EUR 540 mn loan for Spinning and Weaving holding co.\">\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=National+Bank+of+Egypt+arranges+EUR+540+mn+loan+for+Spinning+and+Weaving+holding+co.+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F07%2F14%2Fnational-bank-of-egypt-arranges-eur-540-mn-loan-for-spinning-and-weaving-holding-co%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\/14\/national-bank-of-egypt-arranges-eur-540-mn-loan-for-spinning-and-weaving-holding-co\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572945\" class=\"content-area-description single-story post-572945 post type-post status-publish format-standard hentry category-banking-finance tag-banking-finance tag-commodities tag-enterpriseam tag-italy tag-textiles wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The National Bank of Egypt has arranged a EUR 540 mn loan for state-owned Holding Company for Spinning and Weaving from two unnamed Italian and Swiss banks, Public Enterprises Minister Hisham Tawfik tells <a href=\"https:\/\/bit.ly\/3edkeAm\">Al Mal<\/a>. Italy\u2019s export credit agency SACE, Switzerland\u2019s Export Risk Insurance SERV, and the Egyptian Finance Ministry will all guarantee the loan. The funding will be used to import new machinery.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking-finance\/\">BANKING + FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/commodities\/\">commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/italy\/\">Italy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/textiles\/\">textiles<\/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=\"572947\" 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=\"572947\">\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\">Other Business News of Note<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/14\/finmin-purchasing-new-equipment-to-streamline-customs-clearance\/\">\r\n                            FinMin purchasing new equipment to streamline customs clearance                        <\/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\/14\/finmin-purchasing-new-equipment-to-streamline-customs-clearance\/\" 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\/14\/finmin-purchasing-new-equipment-to-streamline-customs-clearance\/')\">\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\/14\/finmin-purchasing-new-equipment-to-streamline-customs-clearance\/\">\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=FinMin purchasing new equipment to streamline customs clearance&url=https:\/\/enterpriseam.com\/egypt\/2020\/07\/14\/finmin-purchasing-new-equipment-to-streamline-customs-clearance\/\">\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\/14\/finmin-purchasing-new-equipment-to-streamline-customs-clearance\/&title=FinMin purchasing new equipment to streamline customs clearance\">\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=FinMin+purchasing+new+equipment+to+streamline+customs+clearance+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F07%2F14%2Ffinmin-purchasing-new-equipment-to-streamline-customs-clearance%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\/14\/finmin-purchasing-new-equipment-to-streamline-customs-clearance\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572947\" class=\"content-area-description single-story post-572947 post type-post status-publish format-standard hentry category-other-business-news-of-note tag-enterpriseam tag-finance-ministry tag-other-business-news-of-note wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The Finance Ministry is adding new equipment and laser scanners at entry points as part <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f89c59d4-b28d-47dc-878e-0fcae3f562c3\">efforts to streamline customs procedures<\/a>, minister <a href=\"https:\/\/alborsaanews.com\/2020\/07\/13\/1366097\">Mohamed Maait said<\/a>. The plan will see customs officials introduce pre-registration to cut red tape, which would reduce the time needed for clearance.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/finance-ministry\/\">Finance Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/other-business-news-of-note\/\">Other Business News of Note<\/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=\"572948\" 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=\"572948\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">14<\/div>\r\n\r\n                    <p class=\"f-graphik\">Legislation + Policy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/14\/el-sisi-ratifies-amendments-to-egypts-central-depository-act\/\">\r\n                            El Sisi ratifies amendments to Egypt\u2019s Central Depository Act                        <\/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\/14\/el-sisi-ratifies-amendments-to-egypts-central-depository-act\/\" 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\/14\/el-sisi-ratifies-amendments-to-egypts-central-depository-act\/')\">\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\/14\/el-sisi-ratifies-amendments-to-egypts-central-depository-act\/\">\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=El Sisi ratifies amendments to Egypt\u2019s Central Depository Act&url=https:\/\/enterpriseam.com\/egypt\/2020\/07\/14\/el-sisi-ratifies-amendments-to-egypts-central-depository-act\/\">\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\/14\/el-sisi-ratifies-amendments-to-egypts-central-depository-act\/&title=El Sisi ratifies amendments to Egypt\u2019s Central Depository Act\">\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=El+Sisi+ratifies+amendments+to+Egypt%E2%80%99s+Central+Depository+Act+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F07%2F14%2Fel-sisi-ratifies-amendments-to-egypts-central-depository-act%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\/14\/el-sisi-ratifies-amendments-to-egypts-central-depository-act\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572948\" class=\"content-area-description single-story post-572948 post type-post status-publish format-standard hentry category-legislation-policy tag-enterpriseam tag-finance tag-legislation tag-legislation-policy tag-regulation wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>President Abdel Fattah El Sisi has signed into law <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d1246789-057f-4d4a-be70-70c8a2d77f0a\">recently approved<\/a> changes to the <a href=\"https:\/\/alborsaanews.com\/2020\/06\/17\/1358703\">Central Depository Act<\/a>, according to a decree <a href=\"https:\/\/bit.ly\/3291a45\">published in the Official Gazette<\/a>. The changes allow joint venture companies to obtain licenses from the Financial Regulatory Authority to provide clearing and depository services and permit the formation of new non-bank financial institutions to clear and settle securities.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/finance\/\">Finance<\/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\/legislation-policy\/\">Legislation + Policy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/regulation\/\">regulation<\/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=\"572950\" 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=\"572950\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">15<\/div>\r\n\r\n                    <p class=\"f-graphik\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/14\/the-market-yesterday-128\/\">\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\/14\/the-market-yesterday-128\/\" 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\/14\/the-market-yesterday-128\/')\">\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\/14\/the-market-yesterday-128\/\">\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\/14\/the-market-yesterday-128\/\">\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\/14\/the-market-yesterday-128\/&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%2F14%2Fthe-market-yesterday-128%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\/14\/the-market-yesterday-128\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572950\" class=\"content-area-description single-story post-572950 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 15.90 | Sell 16.00<\/p>\n<p> <strong>EGP \/ USD at CIB:<\/strong> Buy 15.89 | Sell 15.99<br \/>\n <strong>EGP \/ USD at NBE: <\/strong>Buy 15.92 | Sell 16.02<\/p>\n<p><strong>EGX30<\/strong> (Monday): 11,008 (-0.6%)<br \/>\n <strong>Turnover:<\/strong> EGP 1.9 bn (114% above the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: -21.2%<\/p>\n<p><strong>THE MARKET ON MONDAY:<\/strong> The EGX30 ended Monday\u2019s session down 0.6%. CIB, the index\u2019s heaviest constituent, ended down 1.0%. EGX30\u2019s top performing constituents were Qalaa Holdings up 4.3%, AMOC up 3.8%, and Palm Hills up 2.4%. Yesterday\u2019s worst performing stocks were Egypt Kuwait Holding down 2.0%, Telecom Egypt down 1.8% and Sodic down 1.7%. The market turnover was EGP 1.9 bn, and local investors were the sole net buyers.<\/p>\n<p><strong>Foreigners<\/strong>: Net short | EGP -84.4 mn<br \/>\n <strong>Regional<\/strong>: Net short | EGP -501.5 mn<br \/>\n <strong>Domestic<\/strong>: Net long | EGP +585.9 mn<\/p>\n<p><strong>Retail<\/strong>: 48.8% of total trades | 48.9% of buyers | 48.7% of sellers<br \/>\n <strong>Institutions<\/strong>: 51.2% of total trades | 51.1% of buyers | 51.3% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 39.63 (-2.27%)<br \/>\n <strong>Brent:<\/strong> USD 42.28 (-2.22%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 1.73MMBtu, (-4.21%, August 2020 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,806.20 \/ troy ounce (+0.24%)<\/p>\n<p><strong>TASI:<\/strong> 7,412 (-0.26%) (YTD: -11.65%)<br \/>\n <strong>ADX:<\/strong> 4,307 (-0.21%) (YTD: -15.15%)<br \/>\n <strong>DFM:<\/strong> 2,067 (-0.87%) (YTD: -25.21%)<br \/>\n <strong>KSE Premier Market:<\/strong> 5,661 (+0.44%)<br \/>\n <strong>QE:<\/strong> 9,297 (-0.42%) (YTD: -10.82%)<br \/>\n <strong>MSM:<\/strong> 3,497 (-0.18%) (YTD: -12.15%)<br \/>\n <strong>BB: <\/strong>1,315 (+0.13%) (YTD: -18.32%)<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-market-yesterday\/\">The Market Yesterday<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"572951\" 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\/14\/572951\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-572951\" class=\"content-area-description single-story post-572951 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>14 July (Tuesday): <a href=\"https:\/\/ent.news\/2020\/7\/image001.jpg\">Egyptian Private Equity Association webinar<\/a> on the post-corona economy.<\/p>\n<p>20-21 July (Sunday-Monday): Creative Industry Summit virtual edition.<\/p>\n<p>23 July (Thursday): 23 July revolution anniversary, national holiday.<\/p>\n<p>26 July (Sunday): Postponed court session for <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/15ed9c89-0c3c-4ae1-b5f4-4f4facd6c5cf\">the lawsuit<\/a> against Amer Group and Porto Group filed by Syria\u2019s Antaradous for Touristic Development<\/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>5 August (Wednesday): IHS Markit PMI for Egypt released.<\/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>13-15 August (Thursday-Saturday): RiseUp from Home digital event. Pre-registration available <a href=\"https:\/\/riseupsummit.us10.list-manage.com\/track\/click?u=ad664250c45f81b40bcb342ac&id=4f674c89a2&e=99cb233f8f\">here<\/a>.<\/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>12 September (Saturday): Court session for Egyptian Resorts Company lawsuit against The Tourism Development Authority<\/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): <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\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":572915,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-572914","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"056e4013-6796-463e-b2fc-ada0b119433a","teaser":"","photo_url":"https:\/\/ent.news\/2020\/7\/97.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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