{"id":573088,"date":"2020-07-20T03:58:06","date_gmt":"2020-07-20T03:58:06","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=573088"},"modified":"2025-12-16T08:56:30","modified_gmt":"2025-12-16T08:56:30","slug":"house-to-vote-today-on-intervention-in-libya","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/house-to-vote-today-on-intervention-in-libya\/","title":{"rendered":"House to vote today on intervention in Libya"},"content":{"rendered":"<section id=\"573090\" 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=\"573090\">\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\/20\/what-were-tracking-on-20-july-2020\/\">\r\n                            What we\u2019re tracking on 20 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\/20\/what-were-tracking-on-20-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\/20\/what-were-tracking-on-20-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\/20\/what-were-tracking-on-20-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=What we\u2019re tracking on 20 July 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/07\/20\/what-were-tracking-on-20-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\/20\/what-were-tracking-on-20-july-2020\/&title=What we\u2019re tracking on 20 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=What+we%E2%80%99re+tracking+on+20+July+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F07%2F20%2Fwhat-were-tracking-on-20-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\/20\/what-were-tracking-on-20-july-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573090\" class=\"content-area-description single-story post-573090 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-antonio-guterres tag-aviation tag-central-bank-of-egypt tag-cryptocurrency tag-diplomacy tag-enterpriseam tag-facebook tag-law tag-moodys tag-sameh-shoukry tag-smes tag-tax tag-twitter tag-us wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Good morning, friends. <\/strong>We hope this holiday-shortened workweek is treating you well and that you\u2019re looking forward to the coming long weekend.<\/p>\n<p><strong>The most frequent question we\u2019ve been asked in the past 24 hours: <\/strong>What does this 17 October start date for schools mean to parents with kids in private schools? We have an answer of sorts in this morning\u2019s Blackboard (below), and it\u2019s simple: Nobody knows just yet. An Education Ministry official told us yesterday that private international schools are free to start teaching whenever they want, but wouldn\u2019t say how much of that instruction could be face-to-face. Education Minister Tarek Shawki later took to the airwaves and strongly hinted that blended learning will be on the menu this fall.<\/p>\n<p><strong>Whether you\u2019re the CEO or the head of people at your company, take note: <\/strong>It looks as if you\u2019re going to have to be flexible with your support of working parents when schools go back.<\/p>\n<hr class=\"grey-line\" \/>\n<p><a id=\"tldr-story-01\" class=\"content-anchor\"><\/a> <strong>It\u2019s shaping up to be a big day in the House:<\/strong> Urging all MPs to attend the session, Speaker Ali Abdel Aal said yesterday that today will feature <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=19072020&id=87ef15a4-fbaa-4dcb-bb0e-95d894eb4550\">a \u201clong\u201d and \u201cimportant\u201d meeting<\/a>. Here\u2019s what we know:<\/p>\n<p><strong>MPs will discuss whether to <\/strong><strong><a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/374859\/Egypt\/Politics-\/Egypt-parliament-to-take-final-vote-on-emergency-a.aspx\">grant President Abdel Fattah El Sisi a mandate<\/a><\/strong><strong> to intervene <\/strong><strong>militarily in Libya<\/strong><strong> \u2014<\/strong> but there are conflicting statements about how the vote is going to be held. Deputy Speaker Sayed El Sherif told Ala Mas'ouleety\u2019s Ahmed Moussa last night that parliament would discuss the proposal in a closed session today <a href=\"https:\/\/www.youtube.com\/watch?v=t8YBTJYQEyI\">(watch, runtime: 8:24)<\/a>, while House spokesperson Salah Hasaballah said on El Hekaya that it would likely to be put to a public vote in the general assembly <a href=\"https:\/\/www.youtube.com\/watch?v=JSD3TeR2QTg\">(watch, runtime: 7:50)<\/a>. The vote comes a day after <strong>President Abdel Fattah El Sisi <\/strong><strong><a href=\"https:\/\/bit.ly\/2CwhSjc\">told security chiefs<\/a><\/strong><strong> that \u201cno effort will be spared\u201d in safeguarding Libya\u2019s security<\/strong> and less than a week after lawmakers in eastern Libya <a href=\"https:\/\/www.voanews.com\/middle-east\/haftar-parliament-calls-egyptian-military-intervention-libya\">called on Egypt to deploy forces to the country<\/a>.<\/p>\n<p><strong>The House will also vote on <\/strong><strong><a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1999607\">extending the emergency law<\/a><\/strong> if a quorum is met.<\/p>\n<p><strong>Major economic legislation may also be put to a final vote today,<\/strong> Abdel Aal <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/374859\/Egypt\/Politics-\/Egypt-parliament-to-take-final-vote-on-emergency-a.aspx\">suggested<\/a><a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/374859\/Egypt\/Politics-\/Egypt-parliament-to-take-final-vote-on-emergency-a.aspx\">yesterday<\/a>, without providing specifics. Final votes on the Banking Act, the amendments to the Public Enterprises Act, and the 1% corona tax on salaries were postponed during yesterday\u2019s session. We have more on yesterday\u2019s legislative activity in this morning\u2019s Speed Round, below.<\/p>\n<p><strong>Some 762 candidates will be running in next month\u2019s Senate elections<\/strong>. The tally includes candidates running on lists and those standing as individuals. The National Elections Authority rejected paperwork 150 candidates who failed to complete their paperwork, Authority head Lasheen Ibrahim said in a <a href=\"https:\/\/elmohafezeen.com\/2020\/07\/19\/%D8%A7%D9%84%D9%85%D8%B3%D8%AA%D8%B4%D8%A7%D8%B1-%D9%84%D8%A7%D8%B4%D9%8A%D9%86-%D8%A5%D8%A8%D8%B1%D8%A7%D9%87%D9%8A%D9%85-%D9%82%D8%A8%D9%88%D9%84-%D9%A7%D9%A6%D9%A2-%D9%85%D8%B1%D8%B4%D8%AD%D8%A7\/\">statement<\/a> late yesterday. The 300-member chamber was <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9fca63ac-90ed-4b4c-921a-f19789d9498e\">reconstituted earlier this year<\/a>.<\/p>\n<p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/12\/EGX-indoors-1600px.jpg?ssl=1\" alt=\"enterprise\" \/><\/p>\n<p><strong>The EGX is now the worst performing exchange in the region this year:<\/strong> Egyptian stocks fell for the fifth consecutive session yesterday, leaving the index the worst-hit in the region so far this year, down 26.4% year-to-date. Shares fell 1.5% during yesterday\u2019s session in light trading as investors became skittish over the prospect of military intervention in Libya.<\/p>\n<p><strong>Government entities are now required to collect dues electronically<\/strong>, according to a new <a href=\"http:\/\/www.mof.gov.eg\/Arabic\/MOFNews\/Press\/Pages\/news-a-19-7-2020.aspx\">Finance Ministry directive<\/a>. All government agencies will now rely on the ministry\u2019s e-payments platform managed by <a href=\"https:\/\/www.linkedin.com\/company\/e-finance\">E-Finance<\/a>.<\/p>\n<p><strong>Egypt will be one step closer to a future filled with electric vehicles <\/strong>with the Public Enterprise Ministry set to present to Cabinet this week its strategy to stimulate sales of EVs, Minister Hisham Tawfik tells <a href=\"https:\/\/bit.ly\/2WBs1ly\">Al Mal<\/a>.The news comes after a state holding company <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/de1f6f99-9bd2-4ea1-9095-5614928ea38d\">inked an agreement<\/a> with China\u2019s Dongfeng Motor Corporation to start assembling EVs in Egypt late next year.<\/p>\n<p><strong>The future of HHD may be a bit clearer today <\/strong>as the Holding Company for Construction and Development is set to hand Tawfik its plan for Heliopolis Housing and Development, according to a <a href=\"https:\/\/bit.ly\/2WytCIS\">local press<\/a> report. The plan comes after HHD failed <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/40338f45-ce01-4357-8342-fde8ee90c5bf\">earlier this year<\/a> to find an investor willing to purchase a stake with management rights.<\/p>\n<p><strong>Foreign Minister Sameh Shoukry is in Ramallah this morning<\/strong> as part of a regional tour that saw him <a href=\"https:\/\/bit.ly\/3hk5f9Z\">visit Amman<\/a> yesterday, the ministry said in <a href=\"https:\/\/bit.ly\/39bfURd\">a statement<\/a>.<\/p>\n<hr class=\"grey-line\" \/>\n<p><strong>COVID-19 IN EGYPT-<\/strong><\/p>\n<p><a id=\"tldr-story-03\" class=\"content-anchor\"><\/a> <strong>MORE GOOD NEWS- Yesterday saw another large fall in new infections:<\/strong> The Health Ministry <a href=\"https:\/\/bit.ly\/39abiep\">reported<\/a> 603 new infections yesterday, a significant fall from the 698 confirmed on Saturday. Egypt has now disclosed a total of 87,775 confirmed cases. <strong>The single-day death count also fell to 51<\/strong> from 63 on Saturday, bringing the country\u2019s total death toll to 4,302. We now have a total of 28,380 cases who have fully recovered.<\/p>\n<p><strong>Some 74% of Egyptians have seen their incomes shrink since the covid-19 pandemic, <\/strong>according to a study by CAPMAS adviser Heba El Leithy, <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1999739\">Al Masry Al Youm<\/a> reports, with about 33% saying their income was no longer sufficient to cover their basic requirements. At least 56% were working less hours and 18% were out of work, she found. She recommended the government look at expanding social assistance (including cash transfers) and school meal programs.<\/p>\n<p><strong>Japan is providing a USD 9 mn grant for covid-19 medical equipment<\/strong> to the Health Ministry, according to an International Cooperation Ministry <a href=\"https:\/\/ent.news\/2020\/7\/MOIC-Japan-Ambassador-meeting.pdf\">statement (pdf)<\/a>.<\/p>\n<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><\/p>\n<p><strong>ON THE GLOBAL FRONT-<\/strong><\/p>\n<p><strong>The coronavirus might be on the wane here in Egypt, but the pandemic is still gathering <\/strong><strong>strength<\/strong><strong> globally:<\/strong> The World Health Organization reported a record rise in global cases for the second consecutive day, <a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-who-cases\/who-reports-record-daily-increase-in-global-coronavirus-cases-for-second-day-in-a-row-idUSKCN24J0T6\">Reuters<\/a> reports. Almost 260k cases were reported in 24 hours on Saturday, breaking the previous record of 237,743 set on Friday.<\/p>\n<p><strong>EU deadlock on covid-19 stimulus:<\/strong> European leaders remained divided over what shape their package of covid-19 recovery loans and grants would take until the end of a three-day summit that wrapped up yesterday in Brussels, <a href=\"https:\/\/www.ft.com\/content\/4553ea05-189c-44d1-8e9d-08ea4dd6efba\">reports the Financial Times<\/a>. The deadlock: A group of richer member states \u2014 comprised of the Netherlands, Austria, Denmark and Sweden \u2014 are demanding large cuts to the non-repayable grants proposed in the EUR 750 bn package.<\/p>\n<p><strong>A \u201cdevastating\u201d and sustained rise in joblessness could be in store for Europe<\/strong>, as furlough schemes begin to wind down and job cuts ramp up, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-07-19\/a-jobless-recovery-is-becoming-a-real-risk-for-europe-s-economy?srnd=premium-middle-east\">Bloomberg<\/a> reports.<\/p>\n<p><strong>GLOBAL MACRO-<\/strong><\/p>\n<p><strong>Beware the \u2018W\u2019 as covid-19 cases continue to rise in some of the world\u2019s largest<\/strong> <strong>economies:<\/strong> The likelihood of the global economy experiencing a rapid \u2018V-shaped\u2019 recovery is diminishing as infection rates spiral in the US, Brazil and India, <a href=\"https:\/\/www.cnbc.com\/2020\/07\/17\/rising-coronavirus-infections-risk-a-w-shaped-recovery-economists-warn.html\">economists at IHS Markit have warned<\/a>. The failure of these countries to get the outbreaks under control, as well as governments of other developed countries resorting to localized lockdowns, heightens the risk of an uneven \u2018W-shaped\u2019 recovery caused by an extended demand slump, they said in the research firm\u2019s July World Flash report.<\/p>\n<p><strong>And BNP Paribas is also here to shoot down the idea of a V-shaped rebound:<\/strong> The CEO of BNP Paribas Asset Management is forecasting the \u201cmother of all recessions\u201d as most economies around the world see a \u201cvery, very substantial drop\u201d in activity, <a href=\"https:\/\/www.ft.com\/content\/0a95b82e-480c-48c2-a8e9-c7ec16d86e87\">the Financial Times<\/a> reports. <strong>\u201cWe have a view that the recovery will be more U-shaped than V-shaped in most countries,\u201d<\/strong> Fr\u00e9d\u00e9ric Janbon said, warning that most of us are likely to be spending a longer time in recession before returning to growth.<\/p>\n<p><strong>US companies are thinking the same:<\/strong> Large US companies are beginning to resort to layoffs and production cuts as CEOs lose faith that the economy will recover quickly from the crisis, <a href=\"https:\/\/www.wsj.com\/articles\/u-s-companies-lose-hope-for-quick-rebound-from-covid-19-11595151000?mod=hp_lead_pos1\">the Wall Street Journal<\/a> says. The news comes as the <strong>global airline industry is bracing for the recovery to last 3-4 years<\/strong> after the pandemic cut air traffic by 55-75% this year, according to <a href=\"https:\/\/www.moodys.com\/sites\/products\/ProductAttachments\/Infographics\/Aircraft_Turbulence_Infographic.pdf?cid=51PZXJ2C81S9069\">Moody\u2019s (pdf)<\/a>.<\/p>\n<p><strong>Bond markets are signaling a risky future for the US economy<\/strong>, with 10-year real yields \u2014 which are a \u201cmore-pure read on growth\u201d as they strip out inflation \u2014 having dropped over the past six weeks to reach -0.85%, says <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-07-19\/negative-real-yields-wave-red-flag-on-growth-that-stocks-ignore?sref=mmeFTDW1\">Bloomberg<\/a>. Unlike equity indices, which remain well above the early pandemic lows, the plummeting bond yields are reflective of the growth in covid-19 cases and expectations of more Fed easing. \u201cThe decline in real yields and the bid for safe-haven assets, such as gold, is another troubling signal of uncertainties ahead,\u201d the business information service says.<\/p>\n<p><strong>AND THE REST OF THE WORLD- <\/strong><\/p>\n<p><strong>Israel takes a step closer to directly shipping natgas to Europe \u2014 and undercutting our <\/strong><strong>plans to become the region\u2019s gas hub:<\/strong> The Israeli cabinet approved yesterday plans to install a pipeline linking its east Mediterranean gas fields to Europe, in a plan that could undermine Egypt\u2019s ambitions to be the premier exporter of the region\u2019s gas. The plan for the USD 6 bn pipeline, agreed by energy ministers of Israel, Greece, Cyprus and Italy, would allow Israeli and Cypriot gas to be shipped directly to European markets by 2025. <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-07-19\/israel-cabinet-approves-eastern-mediterranean-gas-pipeline-pact?sref=mmeFTDW1\">Bloomberg<\/a> has the story.<\/p>\n<p><strong>Equitativa Dubai, the company that manages Nasdaq Dubai-listed Emirates REIT, faces <\/strong><strong>investigation <\/strong>by the Dubai Financial Services Authority (DFSA) over \u201cmatters connected to the management\u201d of the trust, the DFSA said <a href=\"https:\/\/ent.news\/2020\/7\/2020-06-19_-_Announcement_-_Investigation-1.pdf\">in a statement on Sunday (pdf)<\/a>. The DSFA is probing (among other matters) possible violations to corporate governance regulations, according to the statement. The move comes after <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c91b2be4-e5fb-4204-a703-765a565b8b37\">a group of shareholders accused Equitativa<\/a> of \u201cmisrepresenting\u201d REIT\u2019s market value to investors. \u201cEquitativa intends to co-operate with the DFSA investigation,\u201d according to the statement.<\/p>\n<p><strong>REIT may resort to delisting:<\/strong> The fund will launch a \u201ccomprehensive review of strategic options \u2026 including a potential de-listing from Nasdaq Dubai,\u201d it announced in a <a href=\"https:\/\/www.reit.ae\/pageFileC\/investor-relations\/19-07-2020-Strategic-Review-Announcement.pdf?expiry=1\">statement (pdf)<\/a> yesterday. \u201cThe advantages of remaining publicly listed are heavily outweighed by the disadvantages,\u201d it said, referring to the \u201ccurrent climate\u201d in UAE stocks and the country\u2019s real estate downturn as having a \u201csignificantly large impact\u201d on its share price. <a href=\"https:\/\/www.ft.com\/content\/18a5290d-21c2-4ff2-b87c-24de820a5ac3\">The FT<\/a> and <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-07-19\/emirates-reit-to-review-strategic-options-including-delisting?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg<\/a> both picked up the story.<\/p>\n<p><strong>Kuwait\u2019s ruler, Sheikh Jaber Al Ahmad Al Sabah, underwent surgery yesterday<\/strong>, <a href=\"https:\/\/www.kuna.net.kw\/ArticleDetails.aspx?id=2909472&language=en\">state<\/a><a href=\"https:\/\/www.kuna.net.kw\/ArticleDetails.aspx?id=2909472&language=en\">news agency KUNA<\/a> reported without providing details on the procedure. The kingdom\u2019s crown prince <a href=\"https:\/\/apnews.com\/27604a5745ee5b6adfd23bf11c967476\">has had to rule the country temporarily<\/a> since Saturday, when it was announced that the 91-year-old emir was receiving treatment.<\/p>\n<p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/11\/CIRA-Blackboard-Banner-B.jpg?ssl=1\" alt=\"enterprise\" \/><\/p>\n<p><strong>*** It\u2019s Blackboard day:<\/strong> We have our weekly look at the business of education in Egypt, from pre-K through the highest reaches of higher ed. Blackboard appears every Monday in Enterprise in the place of our traditional industry news roundups.<\/p>\n<p><strong>In today\u2019s issue:<\/strong> When can private international schools reopen?<\/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\/antonio-guterres\/\">Antonio Guterres<\/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\/central-bank-of-egypt\/\">Central Bank of Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cryptocurrency\/\">cryptocurrency<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/facebook\/\">Facebook<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/law\/\">law<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/moodys\/\">Moody\u2019s<\/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\/smes\/\">SMEs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tax\/\">tax<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/twitter\/\">Twitter<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us\/\">US<\/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=\"573091\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 .stk-block-carousel__button svg.ugb-custom-icon :is(g, path, rect, polygon, ellipse){fill:#FFFFFF !important;}<\/style>\r\n                <div class=\"stk-block-carousel__content-wrapper\">\r\n                <div class=\"stk-row stk-inner-blocks stk-block-content stk-block-carousel__slider-wrapper stk-content-align stk-a38cfb2-column alignwide\">\r\n                <div class=\"stk-block-carousel__slider\" role=\"list\" data-autoplay=\"4000\" data-label-slide-of=\"Slide %%d of %%d\">\r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-46c5f99\" data-v=\"4\" data-block-id=\"46c5f99\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-46c5f99-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-46c5f99-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240922.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.hsbc.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27489.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Opening up a world of opportunity<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-uteij7q\" data-v=\"4\" data-block-id=\"uteij7q\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-uteij7q-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-uteij7q-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240923.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/efghldg.com\/en\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27488.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Realize More<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-kpmtz2r\" data-v=\"4\" data-block-id=\"kpmtz2r\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-kpmtz2r-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-kpmtz2r-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240924.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.sodic.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27487.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Live More<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-0yjcf2u\" data-v=\"4\" data-block-id=\"0yjcf2u\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-0yjcf2u-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-0yjcf2u-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240925.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/weareinfinity.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/27483.png?fit=300%2C300&#038;ssl=1\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Powering with nature<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-uxvk3ia\" data-v=\"4\" data-block-id=\"uxvk3ia\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-uxvk3ia-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-uxvk3ia-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240926.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.qalaaholdings.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/110691.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Driving growth<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-left\" class=\"svg-inline--fa fa-chevron-left\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M34.52 239.03L228.87 44.69c9.37-9.37 24.57-9.37 33.94 0l22.67 22.67c9.36 9.36 9.37 24.52.04 33.9L131.49 256l154.02 154.75c9.34 9.38 9.32 24.54-.04 33.9l-22.67 22.67c-9.37 9.37-24.57 9.37-33.94 0L34.52 272.97c-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\" class=\"svg-inline--fa fa-chevron-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M285.476 272.971L91.132 467.314c-9.373 9.373-24.569 9.373-33.941 0l-22.667-22.667c-9.357-9.357-9.375-24.522-.04-33.901L188.505 256 34.484 101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg><\/button><\/div><\/div><div class=\"stk-block-carousel__dots\" role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"573092\" 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=\"573092\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/20\/imf-director-kristalina-georgieva-on-egypt-covid-19-and-the-future-of-education\/\">\r\n                            IMF director Kristalina Georgieva on Egypt, covid-19 and the future of education                        <\/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\/20\/imf-director-kristalina-georgieva-on-egypt-covid-19-and-the-future-of-education\/\" 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\/20\/imf-director-kristalina-georgieva-on-egypt-covid-19-and-the-future-of-education\/')\">\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\/20\/imf-director-kristalina-georgieva-on-egypt-covid-19-and-the-future-of-education\/\">\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=IMF director Kristalina Georgieva on Egypt, covid-19 and the future of education&url=https:\/\/enterpriseam.com\/egypt\/2020\/07\/20\/imf-director-kristalina-georgieva-on-egypt-covid-19-and-the-future-of-education\/\">\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\/20\/imf-director-kristalina-georgieva-on-egypt-covid-19-and-the-future-of-education\/&title=IMF director Kristalina Georgieva on Egypt, covid-19 and the future of education\">\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=IMF+director+Kristalina+Georgieva+on+Egypt%2C+covid-19+and+the+future+of+education+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F07%2F20%2Fimf-director-kristalina-georgieva-on-egypt-covid-19-and-the-future-of-education%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\/20\/imf-director-kristalina-georgieva-on-egypt-covid-19-and-the-future-of-education\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573092\" class=\"content-area-description single-story post-573092 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-education tag-education-ministertarek-shawki tag-enterprise-last-nights-talk-shows tag-enterpriseam tag-house-of-representatives tag-libya 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-05\"><\/a> <strong>IMF director Kristalina Georgieva on Egypt, covid-19 and the future of education:<\/strong> Al Kahera Alaan\u2019s Lamees El Hadidi aired her full interview with IMF boss Kristalina Georgieva. The two talked about the Egyptian government\u2019s response to the covid-19 crisis, the IMF\u2019s expectations for the global economy, and the need for robust education systems. Here are the key talking points:<\/p>\n<p><strong>Egypt\u2019s response to covid-19:<\/strong> Georgieva praised the speed at which Egypt responded to the crisis, in particular its efforts to firm up the social safety net and protect vulnerable citizens through the pandemic. Egypt has implemented appropriate monetary policies for the USD 8 bn in emergency loans it has received from the IMF, she said, adding that it is important for the country to stay the course and continue on the reform journey it started back in 2016.<\/p>\n<p><strong>Don\u2019t bank on a global recovery until we have a vaccine:<\/strong> Although some parts of the world are now seeing a partial economic recovery from the chaos witnessed earlier this year, Georgieva warned that any return to a semblance of pre-covid normalcy is dependent on scientists finding a vaccine. Fiscal measures aside, she urged governments to focus on strengthening their health and educational systems.<\/p>\n<p><strong>Digitizing our education systems is paramount:<\/strong> Failing to harness technology in our education systems and investing in digital infrastructure will reduce the productive capacities of countries in the coming years, she said. This is particularly critical in lower-income countries with less reliable internet connections, which she warned could face a lost generation as children lose access to education through the pandemic.<\/p>\n<p><strong>Governments need to do more to help small businesses: <\/strong>Georgieva called on governments in developing economies to provide more support to SMEs and warned that bankruptcies could triple if policy measures are inadequate.<\/p>\n<p><strong>Oil exporters need to diversify: <\/strong>Georgieva expressed optimism that the crash in oil prices has bottomed out, noting that prices have regained around 50% of the losses seen during the first four months of the year. She advised oil-exporting countries to diversify their economies and not rely on one sector to insulate against future commodity price shocks.<\/p>\n<p><strong><a href=\"https:\/\/www.youtube.com\/watch?v=etDyMKq7Als\">Tap\/click here<\/a><\/strong><strong> to watch the full interview<\/strong> <a href=\"https:\/\/www.youtube.com\/watch?v=etDyMKq7Als\">(runtime: 28:41)<\/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\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/education-ministertarek-shawki\/\">Education MinisterTarek Shawki<\/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\/house-of-representatives\/\">House of Representatives<\/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=\"573093\" 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=\"573093\">\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\/20\/egypts-economy-is-on-track-to-grow-this-fiscal-year-but-needs-to-keep-an-eye-on-egp-flexibility-industrial-investment-rencap\/\">\r\n                            Egypt\u2019s economy is on track to grow this fiscal year, but needs to keep an eye on EGP flexibility + industrial investment \u2013RenCap                        <\/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\/20\/egypts-economy-is-on-track-to-grow-this-fiscal-year-but-needs-to-keep-an-eye-on-egp-flexibility-industrial-investment-rencap\/\" 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\/20\/egypts-economy-is-on-track-to-grow-this-fiscal-year-but-needs-to-keep-an-eye-on-egp-flexibility-industrial-investment-rencap\/')\">\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\/20\/egypts-economy-is-on-track-to-grow-this-fiscal-year-but-needs-to-keep-an-eye-on-egp-flexibility-industrial-investment-rencap\/\">\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 economy is on track to grow this fiscal year, but needs to keep an eye on EGP flexibility + industrial investment \u2013RenCap&url=https:\/\/enterpriseam.com\/egypt\/2020\/07\/20\/egypts-economy-is-on-track-to-grow-this-fiscal-year-but-needs-to-keep-an-eye-on-egp-flexibility-industrial-investment-rencap\/\">\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\/20\/egypts-economy-is-on-track-to-grow-this-fiscal-year-but-needs-to-keep-an-eye-on-egp-flexibility-industrial-investment-rencap\/&title=Egypt\u2019s economy is on track to grow this fiscal year, but needs to keep an eye on EGP flexibility + industrial investment \u2013RenCap\">\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+economy+is+on+track+to+grow+this+fiscal+year%2C+but+needs+to+keep+an+eye+on+EGP+flexibility+%2B+industrial+investment+%E2%80%93RenCap+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F07%2F20%2Fegypts-economy-is-on-track-to-grow-this-fiscal-year-but-needs-to-keep-an-eye-on-egp-flexibility-industrial-investment-rencap%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\/20\/egypts-economy-is-on-track-to-grow-this-fiscal-year-but-needs-to-keep-an-eye-on-egp-flexibility-industrial-investment-rencap\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/7\/156.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"573094\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/20\/egypts-economy-is-on-track-to-grow-this-fiscal-year-but-needs-to-keep-an-eye-on-egp-flexibility-industrial-investment-rencap\/156-jpg-15\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/7\/156.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"156.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/7\/156.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/7\/156.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573093\" class=\"content-area-description single-story post-573093 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round tag-amr-helal tag-carry-trade tag-central-bank-of-egypt tag-charles-robertson tag-enterpriseam tag-fdi tag-inflation tag-interest-rates tag-renaissance-capital 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-04\"><\/a> <strong>EXCLUSIVE- Egypt\u2019s economy is on track to grow this fiscal year, but needs to <\/strong><strong>keep an eye on EGP flexibility + industrial investment \u2013RenCap:<\/strong> Renaissance Capital is maintaining its expectations that Egypt will manage to eke out growth this fiscal year at around the same rate as FY2019-2020, thanks partly to the government\u2019s decision against imposing a full lockdown, but the country now needs to focus on shoring up investments in domestic manufacturing, Global Chief Economist Charles Robertson and North Africa CEO Amr Helal told Enterprise.<\/p>\n<p><strong>Egypt deciding against a full lockdown helped to cushion the economic blow from the pandemic:<\/strong> While some EMs, including South Africa and India, decided to impose tight lockdown measures, there is a growing consensus among developing markets that a partial lockdown akin to Egypt\u2019s is \u201cthe way to go\u201d: Domestic demand and consumption are proving to be the key driver of growth as other sources of income come under pressure. There\u2019s been a divergence in trends between countries that locked down successfully, like in East Asia and Europe, versus lower-income emerging markets \u2014 below USD 10-15k per capita GDP \u2014 where lockdown has not worked. The main hit to EM will ultimately come not from lockdowns, but as a result of the global slowdown thanks to lost demand in Europe and America, Robertson suggested.<\/p>\n<p><strong>Local consumption will continue to be the key driver of growth in Egypt and EMs at large:<\/strong> For data like retail sales, RenCap expects that by the end of 2020, developed markets will likely show a bigger hit than emerging markets, where people never really stopped going to work and shops were only closed for a few weeks or only at nighttime in countries like Egypt that imposed curfews. As a result, domestic demand should hold up a bit better in these countries.<\/p>\n<p><strong>It\u2019s difficult to pinpoint an exact figure for growth forecasts, but Egypt is still on track to record 2-4% growth in FY2020-2021<\/strong>, which is the same view the bank put out in April. \u201cI\u2019ve got no confidence in a point figure,\u201d Robertson said, but suggested it is more likely the current fiscal year will end at a growth rate on the lower end of the investment bank\u2019s forecast range. He stressed that these assumptions are not set in stone and could change as the situation evolves.<\/p>\n<p><strong>Part of the difficulty in formulating a clear outlook is the lack of complete and timely data<\/strong>, Robertson said. \u201cThis is an example of why it would be great to see CAPMAS revamping its output both in terms of what it produces \u2014 as far as I\u2019m aware, they don\u2019t produce retail sales figures \u2014 but also in how quickly they produce the data.\u201d He pointed to this data output as a potential structural figure that would be \u201chugely important\u201d for policymakers, including the Central Bank of Egypt.<\/p>\n<p><strong>Expect the CBE to remain hawkish for now to shore up domestic confidence:<\/strong> Keeping inflation in check and achieving the year-end target of 9% is the CBE\u2019s primary policy priority, not least because this has been a stated goal, meaning the CBE\u2019s success in achieving that target is key for maintaining confidence.<\/p>\n<p><strong>The EGP\u2019s performance is helping in that regard \u2014 and is also a key priority for the CBE:<\/strong> The easiest reference point for the average Egyptian or any person living in another emerging market looking to assess the strength of their country\u2019s economy is how the domestic currency is faring, Robertson said. \u201cIf you can maintain a reasonably stable and strong currency, which is how I would characterize the EGP right now, that helps to maintain domestic confidence.\u201d Aside from inflation, currency stability is another primary priority for the CBE, and it \u201cjust so happens\u201d that these two goals are closely related and \u201ccoincide very well,\u201d suggesting that the CBE will continue to be very cautious with its monetary easing.<\/p>\n<p><strong>On the EGP\u2019s valuation:<\/strong> In the medium term, it\u2019s \u201cnot ideal\u201d to have an overvalued currency, Robertson said, noting that the investment bank sees the EGP as 21% overpriced at its current rate. RenCap\u2019s view is based on its real effective exchange rate model, which compares inflation and exchange rates between countries to determine the currency valuations. \u201cWhat we should see is that if Egyptian inflation is 10% more than in America, the currency needs to sell off by 10% to make sure that it\u2019s not overvalued,\u201d Robertson explained. The EGP has not depreciated steeply despite high inflation over the past three years, which is partially because the currency sold off at a rate that was steeper and more rapid than inflation would have dictated in 2016 when the CBE pulled the trigger on floating the currency.<\/p>\n<p><strong>Egypt remains very attractive for portfolio investors<\/strong>, even if the EGP were to slip to somewhere around 17 to the greenback, he said. Interest rates on one-year instruments remain high enough that a small depreciation by the end of 2020 would still allow portfolio investors to walk away with money in their pockets.<\/p>\n<p><strong>There\u2019s \u201cno reason to suggest\u201d the EGP come under significant pressure<\/strong>, but \u201cthe valuation tells you that there is a medium-term risk that, over the next few years, the EGP is going to get cheaper. This could happen either very quickly or gradually,\u201d Robertson said.<\/p>\n<p><strong>The antidote? Start boosting domestic manufacturing and foreign investment in local industry.<\/strong> Egypt currently has a high enough adult literacy rate and adequate energy security to truly begin industrialization, but investors also look for stability, Robertson said. He suggests that allowing for \u201ca gentle depreciation\u201d over the next few years through interest rate cuts would both help reduce the risk for currency volatility and encourage capex borrowing that would spur real economic growth.<\/p>\n<p><strong>We were supposed to see Chinese manufacturing investments in Egypt this year, but right now, who wants to build a factory?<\/strong> It\u2019s unlikely that FDI is going to be pouring in this year for industrial and manufacturing projects, including factories that Chinese investors were planning to build in Egypt, but Helal sees ample options for investment in other industries. \u201cIf we look at agriculture, especially agri-foods that are export-oriented, we\u2019re seeing a lot of investor interest in the sector, and we expect that trend to continue\u201d thanks to the wide domestic market base and Egypt\u2019s ability to tap into export markets, Helal said. Egypt also has competitive advantages on the export side, such as freight rates.<\/p>\n<p><strong>Watch this space: NBFS + fintech:<\/strong> Non-banking financial services and the fintech space are also generating investor interest, particularly restrictions imposed over the past several months driving consumers to digital payment channels, Helal said. \u201cThis also dovetails quite nicely with the government and the CBE\u2019s initiatives to drive digitization and financial inclusion.\u201d<\/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\/amr-helal\/\">Amr Helal<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/carry-trade\/\">carry trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/central-bank-of-egypt\/\">Central Bank of Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/charles-robertson\/\">Charles Robertson<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fdi\/\">FDI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/inflation\/\">inflation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/interest-rates\/\">interest rates<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/renaissance-capital\/\">Renaissance Capital<\/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=\"573104\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"573105\" 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=\"573105\">\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\/20\/egypt-in-the-news-on-20-july-2020\/\">\r\n                            Egypt in the News on 20 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\/20\/egypt-in-the-news-on-20-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\/20\/egypt-in-the-news-on-20-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\/20\/egypt-in-the-news-on-20-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 20 July 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/07\/20\/egypt-in-the-news-on-20-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\/20\/egypt-in-the-news-on-20-july-2020\/&title=Egypt in the News on 20 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+20+July+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F07%2F20%2Fegypt-in-the-news-on-20-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\/20\/egypt-in-the-news-on-20-july-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573105\" class=\"content-area-description single-story post-573105 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-cabinet-shuffle tag-egypt-in-the-news tag-enterpriseam tag-journalism tag-talk-shows wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>It\u2019s a reasonably quiet morning for Egypt in the international press<\/strong>, with the UK\u2019s <a href=\"https:\/\/www.independent.co.uk\/news\/world\/coronavirus-pandemic-egypt-russia-india-health-workers-jail-attacks-a9626376.html\">Independent<\/a> looking at conditions for MDs in Egypt during the pandemic and <a href=\"https:\/\/www.voazimbabwe.com\/a\/egypt-rapes\/5507742.html\">Voice of America<\/a> running with a video report on [redacted] harassment in Egypt.<\/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\/cabinet-shuffle\/\">cabinet shuffle<\/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\/journalism\/\">journalism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/talk-shows\/\">talk shows<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"573106\" 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=\"573106\">\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\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/20\/bulk-of-eur-1-1-bn-eib-loan-to-finance-transport-upgrades-al-mashat\/\">\r\n                            Bulk of EUR 1.1 bn EIB loan to finance transport upgrades -Al Mashat                        <\/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\/20\/bulk-of-eur-1-1-bn-eib-loan-to-finance-transport-upgrades-al-mashat\/\" 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\/20\/bulk-of-eur-1-1-bn-eib-loan-to-finance-transport-upgrades-al-mashat\/')\">\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\/20\/bulk-of-eur-1-1-bn-eib-loan-to-finance-transport-upgrades-al-mashat\/\">\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=Bulk of EUR 1.1 bn EIB loan to finance transport upgrades -Al Mashat&url=https:\/\/enterpriseam.com\/egypt\/2020\/07\/20\/bulk-of-eur-1-1-bn-eib-loan-to-finance-transport-upgrades-al-mashat\/\">\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\/20\/bulk-of-eur-1-1-bn-eib-loan-to-finance-transport-upgrades-al-mashat\/&title=Bulk of EUR 1.1 bn EIB loan to finance transport upgrades -Al Mashat\">\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=Bulk+of+EUR+1.1+bn+EIB+loan+to+finance+transport+upgrades+-Al+Mashat+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F07%2F20%2Fbulk-of-eur-1-1-bn-eib-loan-to-finance-transport-upgrades-al-mashat%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\/20\/bulk-of-eur-1-1-bn-eib-loan-to-finance-transport-upgrades-al-mashat\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573106\" class=\"content-area-description single-story post-573106 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-diplomacy-foreign-trade tag-enterpriseam tag-european-investment-bank tag-rania-al-mashat tag-transport tag-travel wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Bulk of EUR 1.1 bn EIB loan to finance transport upgrades -Al Mashat:<\/strong> More than half of the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4cf1edfe-551d-43cc-ab65-ec4dcccbeaa8\">EUR 1.9 bn loan<\/a> agreed with the European Investment Bank (EIB) last week will go towards upgrading public transport infrastructure, International Cooperation Minister Rania Al Mashat <a href=\"https:\/\/bit.ly\/39aaXbv\">said yesterday<\/a>. A total of EUR 1.1 bn will be allocated to part-finance the restoration of the Alexandria tram network, the electrification of the Abu Qir-Alexandria railway and the extension of Cairo Metro Line 2, while the remaining EUR 800 mn will be used for \u201ccovid-19 related business investment,\u201d Al Mashat said.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy-foreign-trade\/\">Diplomacy + Foreign Trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/european-investment-bank\/\">European Investment Bank<\/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\/transport\/\">transport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/travel\/\">travel<\/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=\"573110\" 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=\"573110\">\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\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/20\/the-market-yesterday-132\/\">\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\/20\/the-market-yesterday-132\/\" 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\/20\/the-market-yesterday-132\/')\">\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\/20\/the-market-yesterday-132\/\">\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\/20\/the-market-yesterday-132\/\">\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\/20\/the-market-yesterday-132\/&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%2F20%2Fthe-market-yesterday-132%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\/20\/the-market-yesterday-132\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573110\" class=\"content-area-description single-story post-573110 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 15.91 | Sell 16.01<\/p>\n<p> <strong>EGP \/ USD at CIB:<\/strong> Buy 15.92 | Sell 16.02<br \/>\n <strong>EGP \/ USD at NBE: <\/strong>Buy 15.92 | Sell 16.02<\/p>\n<p><strong>EGX30<\/strong> (Sunday): 10,281 (-1.5%)<br \/>\n <strong>Turnover:<\/strong> EGP 733 mn (20% below the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: -26.4%<\/p>\n<p><strong>THE MARKET ON SUNDAY:<\/strong> The EGX30 ended Sunday\u2019s session down 1.5%. CIB, the index\u2019s heaviest constituent, ended down 2.4%. EGX30\u2019s top performing constituents were SODIC up 4.5%, KIMA up 0.8%, and EFG Hermes up 0.7%. Yesterday\u2019s worst performing stocks were Ezz Steel down 3.7%, Orascom Development Egypt down 3.3% and Emaar Misr down 3.1%. The market turnover was EGP 733 mn, and foreign investors were the sole net sellers.<\/p>\n<p><strong>Foreigners<\/strong>: Net short | EGP -9.8 mn<br \/>\n <strong>Regional<\/strong>: Net long | EGP +8.4 mn<br \/>\n <strong>Domestic<\/strong>: Net long | EGP +1.4 mn<\/p>\n<p><strong>Retail<\/strong>: 80.3% of total trades | 83.8% of buyers | 76.8% of sellers<br \/>\n <strong>Institutions<\/strong>: 19.7% of total trades | 16.2% of buyers | 23.2% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 40.59 (-0.39%)<\/p>\n<p><strong>Brent:<\/strong> USD 43.14 (-0.53%)<\/p>\n<p><strong>Natural Gas:<\/strong> (Nymex, futures prices) USD 1.72 MMBtu, (-0.29%, August 2020 contract)<\/p>\n<p><strong>Gold:<\/strong> USD 1,810.00 \/ troy ounce (+0.54%)<\/p>\n<p><strong>TASI:<\/strong> 7,423 (-0.05%) (YTD: -11.51%)<br \/>\n <strong>ADX:<\/strong> 4,255 (-0.44%) (YTD: -16.15%)<br \/>\n <strong>DFM:<\/strong> 2,061 (+0.43%) (YTD: -25.44%)<br \/>\n <strong>KSE Premier Market:<\/strong> 5,436 (-1.18%)<br \/>\n <strong>QE:<\/strong> 9,316 (+0.06%) (YTD: -10.64%)<br \/>\n <strong>MSM:<\/strong> 3,451 (+0.04%) (YTD: -13.31%)<br \/>\n <strong>BB: <\/strong>1,291 (-0.87%) (YTD: -19.81%)<\/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=\"573111\" 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\/20\/573111\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573111\" class=\"content-area-description single-story post-573111 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>20-21 July (Monday-Tuesday): Creative Industry Summit virtual edition.<\/p>\n<p>23 July (Thursday): 23 July revolution anniversary, national holiday.<\/p>\n<p>28-29 July (Tuesday-Wednesday): US Federal Open Market Committee will hold its two-day policy meeting to review the interest rate.<\/p>\n<p>30 July-3 August (Thursday-Monday): Eid El Adha (TBC), national holiday.<\/p>\n<p>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 (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>17 October (Saturday): 2020-2021 academic year <a href=\"https:\/\/egyptindependent.com\/egypts-academic-year-to-start-october-17-but-decisions-remain-to-be-made\/\">begins<\/a> for K-12 students at state schools.<\/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":573089,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-573088","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"25623505-1561-41f3-8ee3-6744e0e3538a","teaser":"","photo_url":"https:\/\/ent.news\/2020\/7\/153.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>House to vote today on intervention in Libya - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/issues\/house-to-vote-today-on-intervention-in-libya\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"House to vote today on intervention in Libya\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/issues\/house-to-vote-today-on-intervention-in-libya\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T08:56:30+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2020\/7\/153.jpg?fit=%2C&ssl=1\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/house-to-vote-today-on-intervention-in-libya\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/issues\/house-to-vote-today-on-intervention-in-libya\/\",\"name\":\"House to vote today on intervention in Libya - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/house-to-vote-today-on-intervention-in-libya\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/house-to-vote-today-on-intervention-in-libya\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/7\/153.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2020-07-20T03:58:06+00:00\",\"dateModified\":\"2025-12-16T08:56:30+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/house-to-vote-today-on-intervention-in-libya\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/issues\/house-to-vote-today-on-intervention-in-libya\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/house-to-vote-today-on-intervention-in-libya\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2020\/7\/153.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/7\/153.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/house-to-vote-today-on-intervention-in-libya\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Issues\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/AMarchives\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"House to vote today on intervention in Libya\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"House to vote today on intervention in Libya - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/issues\/house-to-vote-today-on-intervention-in-libya\/","og_locale":"en_US","og_type":"article","og_title":"House to vote today on intervention in Libya","og_url":"https:\/\/enterpriseam.com\/egypt\/issues\/house-to-vote-today-on-intervention-in-libya\/","og_site_name":"EnterpriseAM Egypt","article_modified_time":"2025-12-16T08:56:30+00:00","twitter_card":"summary_large_image","twitter_image":"https:\/\/i0.wp.com\/ent.news\/2020\/7\/153.jpg?fit=%2C&ssl=1","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/house-to-vote-today-on-intervention-in-libya\/","url":"https:\/\/enterpriseam.com\/egypt\/issues\/house-to-vote-today-on-intervention-in-libya\/","name":"House to vote today on intervention in Libya - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/house-to-vote-today-on-intervention-in-libya\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/house-to-vote-today-on-intervention-in-libya\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2020\/7\/153.jpg?fit=%2C&ssl=1","datePublished":"2020-07-20T03:58:06+00:00","dateModified":"2025-12-16T08:56:30+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/house-to-vote-today-on-intervention-in-libya\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/issues\/house-to-vote-today-on-intervention-in-libya\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/house-to-vote-today-on-intervention-in-libya\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2020\/7\/153.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2020\/7\/153.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/house-to-vote-today-on-intervention-in-libya\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Issues","item":"https:\/\/enterpriseam.com\/egypt\/AMarchives\/"},{"@type":"ListItem","position":3,"name":"House to vote today on intervention in Libya"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}}]}},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/573088","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/issue"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/573088\/revisions"}],"predecessor-version":[{"id":573120,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/573088\/revisions\/573120"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/573089"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=573088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=573088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=573088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}