{"id":573206,"date":"2020-07-26T04:16:34","date_gmt":"2020-07-26T04:16:34","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=573206"},"modified":"2025-12-16T09:00:58","modified_gmt":"2025-12-16T09:00:58","slug":"govt-program-to-boost-consumer-spending-goes-live","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/govt-program-to-boost-consumer-spending-goes-live\/","title":{"rendered":"Gov\u2019t program to boost consumer spending goes live"},"content":{"rendered":"<section id=\"573208\" 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=\"573208\">\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\/26\/what-were-tracking-on-26-july-2020\/\">\r\n                            What we\u2019re tracking on 26 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\/26\/what-were-tracking-on-26-july-2020\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Cabinet has yet to make clear how long the break will last, but we expect to be back to work on Tuesday, 4 August.<\/p><p><strong>The Madbouly government announced a series of measures related to Eid<\/strong>, the highlight of which is that we\u2019ll soon see some form of enhanced contact tracing. We have chapter and verse in Speed Round, below.<\/p><p><strong>The same announcement suggests that conference season will resume as soon as we all <\/strong><strong>come back from Sahel: <\/strong>Cabinet will now <a href=\"https:\/\/bit.ly\/32SkxhX\">allow conferences and meetings<\/a> of no more than 50 people provided the capacity of the conference venue is sufficient for at least 100 people. The government is also preparing to <strong>allow expos and large gatherings as of October<\/strong>.<\/p><p><a id=\"tldr-story-05\" class=\"content-anchor\"><\/a> <strong>Restaurants, cafes and retail stores are getting the longer hours they\u2019ve been lobbying <\/strong><strong>for:<\/strong> The Madbouly Cabinet also decided to allow restaurants and cafes to remain open until midnight instead of 10pm, and raise their maximum capacity to 50% from 25%. Retail stores and malls will be allowed to keep their doors open until 10pm instead of 9pm. These measures come into effect today. The shortened hours were first in effect to clamp down on the spread of covid-19.<\/p><p><strong>Meanwhile, the House is in recess <\/strong>(look for some news, though, as a number of committees continue to meet) and <strong>MPs are due back in the House by 16 August<\/strong> after the 11-12 August elections for the Senate.<\/p><p><strong>Expect to see lots and lots of campaign ads and billboards tomorrow <\/strong>as the campaign period officially opens. Some 762 candidates are vying for seats, head of the National Elections Authority Lasheen Ibrahim said, according to <a href=\"https:\/\/www.youm7.com\/story\/2020\/7\/23\/%D8%A7%D9%86%D8%AA%D9%87%D8%A7%D8%A1-%D9%85%D8%AF%D8%A9-%D8%A7%D9%84%D9%81%D8%B5%D9%84-%D9%81%D9%89-%D8%A7%D9%84%D8%B7%D8%B9%D9%88%D9%86-%D8%A7%D9%84%D8%A7%D9%86%D8%AA%D8%AE%D8%A7%D8%A8%D9%8A%D8%A9-%D9%84%D9%85%D8%AC%D9%84%D8%B3-%D8%A7%D9%84%D8%B4%D9%8A%D9%88%D8%AE-%D8%A8%D8%A7%D9%84%D9%82%D8%B6%D8%A7%D8%A1-%D8%A7%D9%84%D8%A5%D8%AF%D8%A7%D8%B1%D9%89\/4894831\">Youm7<\/a>.<\/p><hr class=\"grey-line\"><p><strong>Among the things that should be on your radar this morning:<\/strong><\/p><p><strong>#1- The US won\u2019t admit new students whose universities are going to online-only <\/strong><strong>instruction. <\/strong>If you or your spawn are heading to the US as a student for the first time this fall, you may want to check in with the school. US Customs and Immigration enforcement \u201csaid on Friday that newly enrolling international students won\u2019t be allowed to come to the U.S. if their courses will be taught entirely online,\u201d the <a href=\"https:\/\/www.wsj.com\/articles\/ice-says-newly-enrolling-international-students-can-t-come-to-u-s-if-classes-fully-online-11595611772\">Wall Street Journal<\/a> reports.<\/p><p>Speaking of college: <strong>US parents want tuition breaks, too<\/strong>, according to the <a href=\"https:\/\/www.ft.com\/content\/41bdaca1-1988-4fac-9204-4ff4e70b36cc\">Financial Times<\/a>. Some <a href=\"https:\/\/enterprise.press\/blackboards\/told-us-thought-e-learning-took-feedback-schools\/\">Egyptian parents of K-12 aged kids<\/a> have been <a href=\"https:\/\/enterprise.press\/blackboards\/really-think-e-learning\/\">asking for breaks<\/a> on tuition as schools move to distance education.<\/p><p><strong>#2- Plenty of companies are now second-guessing whether they want to be remote <\/strong><strong>forever. <\/strong>While we still believe that many (and certainly not all) \u201cknowledge-worker\u201d jobs can be done remotely, companies are waking up to the question of how you build a team and culture when we \u2014 as social animals \u2014 can never meet face to face. Read: <a href=\"https:\/\/www.wsj.com\/articles\/companies-start-to-think-remote-work-isnt-so-great-after-all-11595603397\">Companies start to think remote work isn\u2019t so great after all.<\/a><\/p><p><strong>All Enterprise staff have worked at least part of the month from home <\/strong>since we got started, and we can tell you this: Culture is built in the office, and tested on WFH.<\/p><p><strong>#3- Prepare for the latest round of hand-wringing over passive vs. active approaches to <\/strong><strong>fund management. <\/strong>Bears are still calling a 20-30% \u201ccorrection\u201d in frothy western markets, but for the time being, <a href=\"https:\/\/www.ft.com\/content\/c64871d8-08cb-40cc-a87c-15b3b555a663\">passive funds are \u201cbattering active\u201d managers so far this year<\/a>, the Financial Times reports.<\/p><p><strong>#4- No, you can\u2019t get covid-19 twice<\/strong>, the <a href=\"https:\/\/www.nytimes.com\/2020\/07\/22\/health\/covid-antibodies-herd-immunity.html\">New York Times<\/a>\u2019 Apoorva Mandavilli reports \u2014 reminding us all of basic immunology known for at least 30 years (like since one of us was taking second year biochemistry): Antibodies in your blood trail off, but there\u2019s a small army of memory cells that help you respond with tons of newly made antibodies if you\u2019re challenged by the virus again.<\/p><hr class=\"grey-line\"><p><strong>COVID-19 IN EGYPT-<\/strong><\/p><p><strong>The number of single-day infections in Egypt fell to a low not seen since 17 May <\/strong><strong>yesterday,<\/strong> after the Health Ministry <a href=\"https:\/\/bit.ly\/3jGTpZu\">confirmed<\/a> 511 new cases of covid-19. The country now has a total of 91,583 infections and 4,558 deaths after the ministry yesterday reported 40 new fatalities. <strong>The single-day death count hit a new six-week low on Friday<\/strong> when the ministry reported just 38 new deaths. We now have a total of 32,903 cases who have fully recovered.<\/p><p><strong>Most new covid-19 cases are in people who exhibit only minor symptoms<\/strong>, Hossam Hosny, the head of the scientific committee of the state\u2019s anti-covid task force, said during an interview on Al Hadath TV on Saturday (<a href=\"https:\/\/www.youtube.com\/watch?v=ECedcNu270A\">watch, runtime 5:57<\/a>). He added that <strong>there is still a possibility that a second wave could emerge<\/strong>, but that there are also positive signs that a vaccine could reach the market by December.<\/p><p><strong>Cafes and restaurants in new developments will have usufruct fees waived for the period <\/strong><strong>of lockdown<\/strong> and will only pay 25% of the fees owed from 27 June, the <a href=\"http:\/\/www.newcities.gov.eg\/dis_N_17-3-2019.aspx?ID=1508\">New Urban Communities Authority<\/a> said in a statement on Saturday.<\/p><p><strong>ON THE GLOBAL FRONT-<\/strong><\/p><p><strong>The global pandemic is continuing to break records:<\/strong> A record 284,196 new cases were reported on Friday, almost half of which came from the US and Brazil, <a href=\"https:\/\/www.france24.com\/en\/20200724-who-reports-record-single-day-increase-in-global-coronavirus-cases\">the World Health Organization said<\/a>. There were 9,753 deaths in the 24-hour period, the highest number since the record high of 9,797 were reported on 30 April.<\/p><p><strong>Global infections topped 15 mn on Wednesday<\/strong> and are now climbing rapidly towards 16 mn, data collected by Johns Hopkins University shows. \u201cAlmost 40 countries have reported record single-day increases in coronavirus infections over the past week,\u201d <a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-global-cases\/record-numbers-of-coronavirus-cases-in-every-global-region-reuters-tally-idUSKCN24Q08E\">Reuters<\/a> reports, about double the rate of the previous week.<\/p><p><strong>The US reported over 1k covid-19 deaths for the fourth day running on Friday,<\/strong> with a daily count of over 75k new cases, according to the <a href=\"https:\/\/www.nytimes.com\/2020\/07\/25\/world\/coronavirus-covid-19.html?action=click&amp;module=Top%20Stories&amp;pgtype=Homepage#link-67763577\">New York Times<\/a>\u2019 tally.<\/p><p><strong>Fears of a second wave are gaining ground in Europe,<\/strong> as Spain, France and Germany report rising case numbers, the <a href=\"https:\/\/www.bbc.co.uk\/news\/world-europe-53539015\">BBC<\/a> reports.<\/p><p><strong>India reported its largest single day surge of covid-19 infections with 49k new cases on <\/strong><strong>Friday,<\/strong> <a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL3N2EV1KZ\">Reuters<\/a> reports.<\/p><p class=\"web-image stand-out-borderless\"><a href=\"https:\/\/somabay.com\/\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/7\/somabay-july26-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p><p><strong>GLOBAL MACRO- <\/strong><\/p><p><strong>It\u2019s going to be a big week for the US markets:<\/strong> A spate of tech earnings, preliminary 2Q GDP figures, a Federal Reserve meeting, and (potentially) agreement on a new fiscal stimulus bill all make this week one of the \u201cnewsiest\u201d (as <a href=\"https:\/\/www.cnbc.com\/2020\/07\/24\/here-comes-one-of-the-newsiest-and-most-critical-weeks-of-the-summer-for-markets.html\">CNBC<\/a> terms it) weeks of the summer.<\/p><p><strong>A little bit of good news for brokerage and research houses in our corner of the world: <\/strong><strong>MiFID II <\/strong><strong>is being relaxed <\/strong>thanks to covid-19. A newly approved \u201ccapital markets recovery package\u201d includes \u201ctargeted amendments\u201d to Mifid II requirements that had, among other things, forced brokerages to charge market value for access to research. The rules, <a href=\"https:\/\/ec.europa.eu\/commission\/presscorner\/detail\/en\/ip_20_1382\">announced on Friday<\/a>, will allow the rebundling of research on companies worth less than EUR 1 bn and on fixed-income markets, according to documents seen by <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-07-22\/europe-readies-mifid-rollback-to-increase-recovery-investment\">Bloomberg<\/a>.<\/p><p><strong>Qatar Airways is suing Egypt <\/strong>as it launches an international arbitration case seeking at least USD 5 bn from Egypt, Saudi Arabia, the UAE and Bahrain for blocking flights in their airspace and access to their markets as part of the <a href=\"https:\/\/enterprise.press\/stories\/2017\/10\/22\/rex-tillerson-blames-arab-quartet-for-lack-of-progress-on-resolving-qatar-dispute\/\">boycott of Qatar<\/a> that started in June 2017, <a href=\"https:\/\/abcnews.go.com\/International\/wireStory\/qatar-airways-sues-seeks-5b-boycotting-countries-71915496\">the Associated Press reports<\/a>. The airline has not specified where it initiated the arbitration, but in a statement said it involves three separate agreements: a bilateral investment treaty between Egypt and Qatar, the Organization of the Islamic Conference Investment Agreement, and the Arab Investment Agreement.<\/p><p><strong>Nothing says economic recovery like record-high g<\/strong><strong>old prices: <\/strong>Gold prices surged to record highs during trading on Friday, as a handful of less-than-optimistic trends fuel a rush into the safe haven asset. Bullion surpassed previous 2011 highs to hit USD 1,902.02 an ounce last week as investors \u2014 wary of the unprecedented wave of liquidity injected into the global financial system, the cratering bond yields, the USD\u2019s dive against the EUR and JPY and the threat of more lockdowns \u2014 seek safety in the precious metal.<\/p><p><strong>And with data like this, gold probably isn\u2019t going to lose its shine anytime soon:<\/strong> A string of real-time economic trackers are showing that the US recovery is losing steam and about to go into reverse, <a href=\"https:\/\/www.axios.com\/economic-recovery-stall-coronavirus-stimulus-19cfb417-c428-4f22-80c5-5e6d5afbd7ef.html\">Axios<\/a> reports. The New York Fed's Weekly Economic Index, the St. Louis Fed's coincident employment index, and data trackers from Goldman Sachs, Jefferies and Oxford Economics are all showing that prospects for the US economy are once again becoming dimmer. \u201c<strong>Economic data over the next few weeks will likely underscore the depth of the recession and provide a warning that a full recovery is still far from being achieved,<\/strong>\u201d David Kelly, chief global strategist at JPMorgan Asset Management, wrote in a note to clients.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/consumer-finance\/\">consumer finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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src=\"https:\/\/i0.wp.com\/ent.news\/internal\/27483.png?fit=300%2C300&#038;ssl=1\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Powering with nature<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-0sq2gb9\" data-v=\"4\" data-block-id=\"0sq2gb9\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-0sq2gb9-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-0sq2gb9-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\" 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class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"573210\">\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\/26\/local-consumer-spending-initiative-top-topic-on-talks-shows\/\">\r\n                            Local consumer spending initiative top topic on talks shows                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img 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            <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/26\/local-consumer-spending-initiative-top-topic-on-talks-shows\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573210\" class=\"content-area-description single-story post-573210 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-aswan-high-dam tag-emaar-misr tag-enterprise-last-nights-talk-shows tag-enterpriseam tag-ethiopia tag-hospitality tag-marassi tag-mohamed-maait tag-nevine-gamea tag-north-coast tag-smes tag-subsidies tag-tourism tag-water wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>A government program to kickstart consumer spending<\/strong> and the <strong>latest on the Grand <\/strong><strong>Ethiopian Renaissance Dam<\/strong> caught the attention of the talking heads last night.<\/p>\n<p><strong>Are we about to see an end to the demand slump?<\/strong> Masaa DMC's Eman El Hosary spoke with Finance Minister Mohamed Maait to discuss the three-month \u201cNot Too Expensive for You (Ma Yeghlash Aleik)\u201d program to encourage consumer spending. Some 22mn ration cards will be topped up by EGP 200 per family member for a maximum of EGP 1k for every family, he said, adding that the initiative will be mutually beneficial for producers and consumers <a href=\"https:\/\/www.youtube.com\/watch?v=T2IMvXpa0V8&t=132s\">(watch, runtime: 8:00)<\/a>. Ala Mas\u2019ouleety\u2019s Ahmed Moussa phoned Amr Madkour, a tech advisor to the minister, to comment on the initiative (<a href=\"https:\/\/www.youtube.com\/watch?v=2HqSZ-21ZPs\">watch, runtime: 9:57<\/a>).<\/p>\n<p><strong>An opening for local industry? <\/strong>Speaking on the initiative, Trade and Industry Minister Nevine Gamea told El Hekaya\u2019s Amr Adib that the damage done to international markets and global supply chains provided an opening to support local producers <a href=\"https:\/\/www.youtube.com\/watch?v=QkAT9K1arpc&t=53s\">(watch, runtime: 5:31)<\/a>. We have more on the program in this morning\u2019s Speed Round, below.<\/p>\n<p><strong>The initial filling of the GERD isn\u2019t yet a problem: <\/strong>Adib and Al Kahera Alaan\u2019s Lamees El Hadidi both spoke with Irrigation Ministry spokesperson Mohamed El Sebaei, who told them that the first phase of filling the Grand Ethiopian Renaissance Dam (GERD) has not affected Egypt's water share because of reserves held at the High Dam. Ethiopia last week completed the first stage of filling the dam, storing 4.9 bcm in the reservoir. Watch the interview with Lamees here (<a href=\"https:\/\/www.youtube.com\/watch?v=DMejxie2EPI\">runtime, 11.29<\/a>) and Adib here (<a href=\"https:\/\/www.youtube.com\/watch?v=O_XaEsKsS38&t=131s\">runtime, 7:53<\/a>).<\/p>\n<p><strong>Time to get strict on the timeframe for negotiations?<\/strong> There must be a firm timeframe placed on the African Union-sponsored GERD talks due to Ethiopia\u2019s \u201cprevarication\u201d and \u201cprocrastination,\u201d Khaled Abu Zaid, regional director of water resources at the Center for Environement and Development for the Arab Region and Europe (CEDARE), told Lamees. Cairo could return to the UN Security Council if the next round of talks falters, he said (<a href=\"https:\/\/www.youtube.com\/watch?v=_wFMm3l89Lg\">watch, runtime:11.38<\/a>). Masaa DMC\u2019s Eman El Hosary phoned journalist Emadeldin Adib who commented on the previous failed negotiations with Ethiopia <a href=\"https:\/\/www.youtube.com\/watch?v=XyRMstVlsTY&t=309s\">(watch, runtime: 22:57)<\/a>. We have more updates on the state of the GERD negotiations in Speed Round, below.<\/p>\n<p><strong>Emaar opens new EGP<\/strong><strong> 950<\/strong><strong> mn Marassi hotel:<\/strong> Emaar Properties CEO Mohamed Alabbar dropped in to El Hekaya to talk to Amr Adib about the official opening of the company\u2019s EGP 950 mn Address Marassi Golf Resort hotel on the north coast, which it <a href=\"https:\/\/ent.news\/2020\/7\/Address-Marassi-Golf-Resort-Arabic.pdf\">announced (pdf)<\/a> yesterday. The resort is the second of nine hotels that Emaar will open in the Sidi Abdelrahman bay area (<a href=\"https:\/\/www.youtube.com\/watch?v=pb7OkPXn5Hs\">watch, runtime: 1:02<\/a>). Alabbar said that Egypt is proving to be the best market for Emaar during the pandemic, adding that the company is working with the Egyptian government to expand the Sahel season to 10 months, instead of 3-4 months now.<\/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\/aswan-high-dam\/\">Aswan High Dam<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/emaar-misr\/\">Emaar Misr<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-last-nights-talk-shows\/\">Enterprise+: Last Night\u2019s Talk Shows<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ethiopia\/\">Ethiopia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hospitality\/\">hospitality<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/marassi\/\">Marassi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mohamed-maait\/\">Mohamed Maait<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/nevine-gamea\/\">Nevine Gamea<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/north-coast\/\">north coast<\/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\/subsidies\/\">subsidies<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/water\/\">water<\/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=\"573211\" 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=\"573211\">\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\/26\/egyptian-government-program-to-boost-consumer-spending-goes-live-today\/\">\r\n                            Egyptian government program to boost consumer spending goes live today                        <\/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\/26\/egyptian-government-program-to-boost-consumer-spending-goes-live-today\/\" 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\/26\/egyptian-government-program-to-boost-consumer-spending-goes-live-today\/')\">\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\/26\/egyptian-government-program-to-boost-consumer-spending-goes-live-today\/\">\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=Egyptian government program to boost consumer spending goes live today&url=https:\/\/enterpriseam.com\/egypt\/2020\/07\/26\/egyptian-government-program-to-boost-consumer-spending-goes-live-today\/\">\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\/26\/egyptian-government-program-to-boost-consumer-spending-goes-live-today\/&title=Egyptian government program to boost consumer spending goes live today\">\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=Egyptian+government+program+to+boost+consumer+spending+goes+live+today+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F07%2F26%2Fegyptian-government-program-to-boost-consumer-spending-goes-live-today%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\/26\/egyptian-government-program-to-boost-consumer-spending-goes-live-today\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/7\/197.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"573212\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/26\/egyptian-government-program-to-boost-consumer-spending-goes-live-today\/197-jpg-14\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/7\/197.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"197.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/7\/197.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/7\/197.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573211\" class=\"content-area-description single-story post-573211 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round tag-covid-19 tag-enterpriseam tag-speed-round tag-state-owned-enterprises 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-01\"><\/a> <strong>Gov\u2019t program to boost consumer spending goes live today: <\/strong>A <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a9ca4595-65d7-4dd9-80f7-225ca87d2630\">government initiative<\/a> that aims to stimulate some EGP 125 bn-worth of consumer spending is launching today, cabinet said in <a href=\"https:\/\/bit.ly\/2CL6rV6\">a statement<\/a> on Wednesday. All consumers (Egyptian and foreign residents alike) can buy select goods including electronics, appliances, clothes, leather products, and furniture through a <a href=\"https:\/\/www.mobadra.gov.eg\/\">dedicated website<\/a> set up by the government. The same products will be available on sale in stores at the same time. Nearly 1.2k manufacturers and merchants have <a href=\"https:\/\/www.alborsaanews.com\/2020\/07\/25\/1369411\">reportedly signed up<\/a> to offer discounts on some 4.2k products. Terms and conditions of the program are online <a href=\"https:\/\/www.mobadra.gov.eg\/index.php?route=information\/information&information_id=16\">here<\/a>; there is no limit for individual buying under the program.<\/p>\n<p><strong>In a related program, families on ration cards will get up to EGP 1k in additional spending power under the program<\/strong><strong>. <\/strong>The statement suggests the government has earmarked as much as EGP 12.25 bn providing an additional EGP 200 per family member to a maximum of EGP 1k per qualifying family for spending under the program.<\/p>\n<p><strong>The program looks set to last until at least January 2021.<\/strong> Sources cited by <a href=\"https:\/\/www.alborsaanews.com\/2020\/07\/25\/1369411\">the local press<\/a> said that the initiative will run for the next six months instead of three months as <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cb084e9d-1d5a-4ec7-add7-cb9093754875\">originally announced<\/a> by Finance Minister Mohamed Maait. The program may then be extended further into 2021 if it proves successful, they 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\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/speed-round\/\">SPEED ROUND<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/state-owned-enterprises\/\">state-owned enterprises<\/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=\"573228\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"573229\" 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=\"573229\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">THE MACRO PICTURE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/26\/mena-gdp-to-crash-5-7-this-year-un\/\">\r\n                            MENA GDP to crash 5.7% this year -UN                        <\/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\/26\/mena-gdp-to-crash-5-7-this-year-un\/\" 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\/26\/mena-gdp-to-crash-5-7-this-year-un\/')\">\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\/26\/mena-gdp-to-crash-5-7-this-year-un\/\">\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=MENA GDP to crash 5.7% this year -UN&url=https:\/\/enterpriseam.com\/egypt\/2020\/07\/26\/mena-gdp-to-crash-5-7-this-year-un\/\">\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\/26\/mena-gdp-to-crash-5-7-this-year-un\/&title=MENA GDP to crash 5.7% this year -UN\">\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=MENA+GDP+to+crash+5.7%25+this+year+-UN+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F07%2F26%2Fmena-gdp-to-crash-5-7-this-year-un%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\/26\/mena-gdp-to-crash-5-7-this-year-un\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/7\/203.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"573230\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/26\/mena-gdp-to-crash-5-7-this-year-un\/203-jpg-12\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/7\/203.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"203.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/7\/203.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/7\/203.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573229\" class=\"content-area-description single-story post-573229 post type-post status-publish format-standard has-post-thumbnail hentry category-the-macro-picture tag-debt tag-economy tag-enterpriseam tag-fdi tag-gdp tag-mena tag-sdgs tag-the-macro-picture wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>It\u2019s not looking pretty for MENA economies if this UN report is anything to go by:<\/strong> MENA economies are expected to contract by a collective 5.7% this year because of the covid-19 pandemic, according to a <a href=\"https:\/\/www.unescwa.org\/sites\/www.unescwa.org\/files\/sg_policy_brief_covid-19_and_arab_states_english_version_july_2020.pdf\">UN report (pdf)<\/a> released on Thursday. This would represent an overall loss of USD 152 bn and result in another 14.3 mn people entering poverty. The region\u2019s major stock markets have seen average losses of 23%, and by the end of the year it is set to see a loss of USD 35 bn in exports, excluding oil revenue, and to import some USD 111 bn less in consumer goods, equipment and raw material than before the pandemic.<\/p>\n<p><strong>Foreign direct investment will likely fall by up to 45% this year,<\/strong> constituting a loss of some USD 17.8 bn, the UN Economic and Social Commission for Western Asia predicts. The electrical and transport sectors \u2014 the most integrated global value chains in the region \u2014 will be hardest hit.<\/p>\n<p><strong>Economic shocks are impeding the provision of recovery packages:<\/strong> Cratering oil demand, rising debt and falling revenues from tourism, remittances and trade all impact the ability of MENA economies to provide adequate recovery packages and weather the economic and social fallout from the crisis, the report says. Cumulative fiscal stimulus across the region is USD 102 bn, some 4% of regional GDP \u2014 significantly lower than the global average of 11%.<\/p>\n<p><strong>And so are \u201cunsustainable\u201d levels of debt.<\/strong> While the fiscal space needs to grow to offset covid-19\u2019s medium to long-term impact, states will see revenue fall by almost USD 20 bn due to lost indirect taxes, the report says. At the same time, fiscal deficits are expected to spiral to more than 10% of GDP, up from 2018\u2019s average of 2.9%, as governments ratchet up borrowing. The debt-to-GDP ratio is expected to increase for most countries, resulting in \u201cunsustainable\u201d levels of debt that will both hinder efforts to mitigate the pandemic\u2019s impact and stall progress on the Sustainable Development Goals, the report states.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/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\/gdp\/\">GDP<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mena\/\">MENA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sdgs\/\">SDGs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-macro-picture\/\">THE MACRO PICTURE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"573231\" 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=\"573231\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/26\/egypt-in-the-news-on-26-july-2020\/\">\r\n                            Egypt in the News on 26 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\/26\/egypt-in-the-news-on-26-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\/26\/egypt-in-the-news-on-26-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\/26\/egypt-in-the-news-on-26-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 26 July 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/07\/26\/egypt-in-the-news-on-26-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\/26\/egypt-in-the-news-on-26-july-2020\/&title=Egypt in the News on 26 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+26+July+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F07%2F26%2Fegypt-in-the-news-on-26-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\/26\/egypt-in-the-news-on-26-july-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573231\" class=\"content-area-description single-story post-573231 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-metoo tag-ahmed-bassam-zaki tag-egypt-in-the-news tag-enterpriseam tag-food tag-law tag-legislation 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>Our MeToo moment is getting attention in <a href=\"https:\/\/www.ft.com\/content\/a340da64-b0eb-4715-ac41-7c610e164031\">the Financial Times<\/a>, while <a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL5N2EU5RL\">Reuters<\/a> notes that thousands have flocked to Al Manashi livestock market in search of meat for the Eid holiday. Meanwhile, police have retrived the bodies of two children who drowned off the coast from a beach, the <a href=\"https:\/\/apnews.com\/43f29e764c047de91c7d1aae17a3a200\">Associated Press<\/a> reports.<\/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\/metoo\/\">#MeToo<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ahmed-bassam-zaki\/\">Ahmed Bassam Zaki<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/food\/\">food<\/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\/legislation\/\">legislation<\/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=\"573232\" 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=\"573232\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/26\/egypt-goes-on-libya-diplo-blitz-as-turkey-warns-against-military-intervention\/\">\r\n                            Egypt goes on Libya diplo blitz as Turkey warns against military intervention                        <\/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\/26\/egypt-goes-on-libya-diplo-blitz-as-turkey-warns-against-military-intervention\/\" 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\/26\/egypt-goes-on-libya-diplo-blitz-as-turkey-warns-against-military-intervention\/')\">\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\/26\/egypt-goes-on-libya-diplo-blitz-as-turkey-warns-against-military-intervention\/\">\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 goes on Libya diplo blitz as Turkey warns against military intervention&url=https:\/\/enterpriseam.com\/egypt\/2020\/07\/26\/egypt-goes-on-libya-diplo-blitz-as-turkey-warns-against-military-intervention\/\">\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\/26\/egypt-goes-on-libya-diplo-blitz-as-turkey-warns-against-military-intervention\/&title=Egypt goes on Libya diplo blitz as Turkey warns against military intervention\">\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+goes+on+Libya+diplo+blitz+as+Turkey+warns+against+military+intervention+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F07%2F26%2Fegypt-goes-on-libya-diplo-blitz-as-turkey-warns-against-military-intervention%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\/26\/egypt-goes-on-libya-diplo-blitz-as-turkey-warns-against-military-intervention\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573232\" class=\"content-area-description single-story post-573232 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-china tag-diplomacy-foreign-trade tag-enterpriseam tag-gender tag-greece tag-international-cooperation-ministry tag-international-finance-corporation tag-khalifa-haftar tag-libya tag-russia tag-turkey tag-ukraine wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>E<\/strong><strong>gypt rallies int\u2019l support on Libya as Turkey says ceasefire is contingent on<\/strong> <strong>Haftar\u2019s withdrawal:<\/strong> President Abdel Fattah El Sisi led outreach to top officials in <a href=\"https:\/\/bit.ly\/3htySFI\">China<\/a>, <a href=\"https:\/\/bit.ly\/2ZYIi6n\">Greece<\/a>, and <a href=\"https:\/\/bit.ly\/2D97gHi\">Ukraine<\/a> to discuss the situation in Libya after the House of Representatives <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/aa1c5214-e178-4244-9e3e-5087050fe703\">voted last week<\/a> to give the military the green light to deploy troops to the war torn country. The diplomatic drive came as Turkish President Tayyip Erdogan\u2019s top security adviser Ibrahim Kalin <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-07-23\/turkey-tells-egypt-to-avoid-dangerous-incursion-into-libya?sref=mmeFTDW1\">warned Egypt<\/a> against military intervention and reiterated Ankara\u2019s demands for Khalifa Haftar to <a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL5N2ET4PU\">withdraw his forces<\/a> from key positions such as the city of Sirte, which Egypt has said is a red line.<\/p>\n<p><strong>IFC to launch new program to support closing the gender gap in Egypt: <\/strong>The International Finance Corporation will launch a new program to encourage the private sector to integrate women into the workforce, according to <a href=\"https:\/\/bit.ly\/2ZYKHhp\">a statement<\/a> by the International Cooperation Ministry. The program will last for three years and comes as a support to a newly launched program in cooperation with the National Council for Women to combat gender inequality in the workplace. The IFC program will cooperate with the Egyptian Businessmen Association to provide more flexible and inclusive work environments to accommodate women. It will also see an education platform launched to raise awareness and share knowledge about how women can better access the labor market in cooperation with the Dutch government.<\/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\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy-foreign-trade\/\">Diplomacy + Foreign Trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gender\/\">gender<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/greece\/\">Greece<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/international-cooperation-ministry\/\">International Cooperation Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/international-finance-corporation\/\">International Finance Corporation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/khalifa-haftar\/\">Khalifa Haftar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/libya\/\">Libya<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/russia\/\">Russia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/turkey\/\">Turkey<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ukraine\/\">Ukraine<\/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=\"573233\" 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=\"573233\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">Basic Materials + Commodities<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/26\/galina-to-set-up-egp-120-mn-greenhouse-jv-with-germanys-sun-pharma\/\">\r\n                            Galina to set up EGP 120 mn greenhouse JV with Germany\u2019s Sun Pharma                        <\/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\/26\/galina-to-set-up-egp-120-mn-greenhouse-jv-with-germanys-sun-pharma\/\" 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\/26\/galina-to-set-up-egp-120-mn-greenhouse-jv-with-germanys-sun-pharma\/')\">\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\/26\/galina-to-set-up-egp-120-mn-greenhouse-jv-with-germanys-sun-pharma\/\">\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=Galina to set up EGP 120 mn greenhouse JV with Germany\u2019s Sun Pharma&url=https:\/\/enterpriseam.com\/egypt\/2020\/07\/26\/galina-to-set-up-egp-120-mn-greenhouse-jv-with-germanys-sun-pharma\/\">\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\/26\/galina-to-set-up-egp-120-mn-greenhouse-jv-with-germanys-sun-pharma\/&title=Galina to set up EGP 120 mn greenhouse JV with Germany\u2019s Sun Pharma\">\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=Galina+to+set+up+EGP+120+mn+greenhouse+JV+with+Germany%E2%80%99s+Sun+Pharma+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F07%2F26%2Fgalina-to-set-up-egp-120-mn-greenhouse-jv-with-germanys-sun-pharma%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\/26\/galina-to-set-up-egp-120-mn-greenhouse-jv-with-germanys-sun-pharma\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573233\" class=\"content-area-description single-story post-573233 post type-post status-publish format-standard hentry category-basic-materials-commodities tag-abdel-wahed-soliman tag-agriculture tag-basic-materials-commodities tag-enterpriseam tag-galina-agrofreeze tag-germany tag-irrigation tag-renewables wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Agrifood player Galina-Agrofreeze is setting up a greenhouse production JV with Germany\u2019s Sun Pharma called Sun Pharma Egypt, Chairman Abdel Wahed Soliman told <a href=\"https:\/\/bit.ly\/2BsXS0s\">Al Mal<\/a>. The JV\u2019s total investments amount to EGP 120 mn and Galina will own 25% while Sun Pharma will own the rest. Sun Pharma Egypt will construct greenhouses with advanced irrigation systems that run on renewable energy, a venture that has piqued the interest of international financial institutions, Soliman 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\/abdel-wahed-soliman\/\">Abdel Wahed Soliman<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/agriculture\/\">agriculture<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/basic-materials-commodities\/\">Basic Materials + Commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/galina-agrofreeze\/\">Galina-Agrofreeze<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/germany\/\">Germany<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/irrigation\/\">irrigation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/renewables\/\">renewables<\/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=\"573234\" 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=\"573234\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">Banking + Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/26\/nbe-to-obtain-eur-800-mn-of-eib-funding-next-month\/\">\r\n                            NBE to obtain EUR 800 mn of EIB funding next month                        <\/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\/26\/nbe-to-obtain-eur-800-mn-of-eib-funding-next-month\/\" 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\/26\/nbe-to-obtain-eur-800-mn-of-eib-funding-next-month\/')\">\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\/26\/nbe-to-obtain-eur-800-mn-of-eib-funding-next-month\/\">\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=NBE to obtain EUR 800 mn of EIB funding next month&url=https:\/\/enterpriseam.com\/egypt\/2020\/07\/26\/nbe-to-obtain-eur-800-mn-of-eib-funding-next-month\/\">\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\/26\/nbe-to-obtain-eur-800-mn-of-eib-funding-next-month\/&title=NBE to obtain EUR 800 mn of EIB funding next month\">\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=NBE+to+obtain+EUR+800+mn+of+EIB+funding+next+month+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F07%2F26%2Fnbe-to-obtain-eur-800-mn-of-eib-funding-next-month%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\/26\/nbe-to-obtain-eur-800-mn-of-eib-funding-next-month\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573234\" class=\"content-area-description single-story post-573234 post type-post status-publish format-standard hentry category-banking-finance tag-banking-finance tag-debt tag-enterpriseam tag-european-investment-bank tag-national-bank-of-egypt tag-pandemic tag-smes tag-transport wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The National Bank of Egypt expects to land in the coming month some EUR 800 mn in funding agreed last week with the European Investment Bank (EIB), <a href=\"https:\/\/bit.ly\/39oMK1k\">Al Mal<\/a> reports, citing unnamed sources. The funding comes as part of <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4cf1edfe-551d-43cc-ab65-ec4dcccbeaa8\">a larger EUR 1.9 bn agreement<\/a>, with next month\u2019s loan dedicated to supporting SMEs affected by the pandemic. The remaining EUR 1.1 bn will be allocated for <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6c7472a1-7701-455c-817e-ce94a65362c5\">transportation projects<\/a>. The sources added that the Transport Ministry is currently negotiating with EIB to obtain EUR 250 mn in additional funding for developing the metro.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking-finance\/\">BANKING + FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt\/\">debt<\/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\/national-bank-of-egypt\/\">National Bank of Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pandemic\/\">pandemic<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/smes\/\">SMEs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/transport\/\">transport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"573238\" 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=\"573238\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">National Security<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/26\/egypt-france-hold-naval-drills-amid-libya-tensions\/\">\r\n                            Egypt, France hold naval drills amid Libya tensions                        <\/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\/26\/egypt-france-hold-naval-drills-amid-libya-tensions\/\" 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\/26\/egypt-france-hold-naval-drills-amid-libya-tensions\/')\">\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\/26\/egypt-france-hold-naval-drills-amid-libya-tensions\/\">\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, France hold naval drills amid Libya tensions&url=https:\/\/enterpriseam.com\/egypt\/2020\/07\/26\/egypt-france-hold-naval-drills-amid-libya-tensions\/\">\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\/26\/egypt-france-hold-naval-drills-amid-libya-tensions\/&title=Egypt, France hold naval drills amid Libya tensions\">\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%2C+France+hold+naval+drills+amid+Libya+tensions+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F07%2F26%2Fegypt-france-hold-naval-drills-amid-libya-tensions%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\/26\/egypt-france-hold-naval-drills-amid-libya-tensions\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573238\" class=\"content-area-description single-story post-573238 post type-post status-publish format-standard hentry category-national-security tag-enterpriseam tag-france tag-libya tag-mediterranean tag-national-security tag-politics tag-security tag-war wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Egypt and France <a href=\"https:\/\/bit.ly\/30LDq3z\">have held joint naval exercises<\/a> in the Mediterranean amid rising regional tensions over the conflict in Libya. Both countries\u2019 relationships with Turkey have been under increasing strain in recent months, with <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/aa1c5214-e178-4244-9e3e-5087050fe703\">Egypt threatening military intervention in Libya<\/a> to ward off a Turkish-backed assault on the east of the country and <a href=\"https:\/\/www.bbc.co.uk\/news\/world-europe-53262725\">France accusing Ankara<\/a> of targeting one of its warships in the Mediterranean.<\/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\/france\/\">France<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/libya\/\">Libya<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mediterranean\/\">Mediterranean<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/national-security\/\">national security<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/politics\/\">politics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/security\/\">security<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/war\/\">war<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"573239\" 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=\"573239\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/26\/the-market-yesterday-135\/\">\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\/26\/the-market-yesterday-135\/\" 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\/26\/the-market-yesterday-135\/')\">\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\/26\/the-market-yesterday-135\/\">\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\/26\/the-market-yesterday-135\/\">\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\/26\/the-market-yesterday-135\/&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%2F26%2Fthe-market-yesterday-135%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\/26\/the-market-yesterday-135\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573239\" class=\"content-area-description single-story post-573239 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 15.93 | Sell 16.03<\/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> (Wednesday): 10,460 (-0.9%)<br \/>\n <strong>Turnover:<\/strong> EGP 887 mn (4% below the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: -25.1%<\/p>\n<p><strong>THE MARKET ON WEDNESDAY:<\/strong> The EGX30 ended Wednesday\u2019s session down 0.9%. CIB, the index\u2019s heaviest constituent, ended down 1.8%. EGX30\u2019s top performing constituents were Juhayna up 3.5%, EFG Hermes up 3.4%, and Porto Group up 2.6%. Wednesday\u2019s worst performing stocks were Ibnsina Pharma down 4.3%, Cleopatra Hospitals down 1.9% and CIB down 1.8%. The market turnover was EGP 887 mn, and foreign investors were the sole net sellers.<\/p>\n<p><strong>Foreigners<\/strong>: Net short | EGP -104.9 mn<br \/>\n <strong>Regional<\/strong>: Net long | EGP +6.9 mn<br \/>\n <strong>Domestic<\/strong>: Net long | EGP +98.0 mn<\/p>\n<p><strong>Retail<\/strong>: 65.5% of total trades | 67.8% of buyers | 63.1% of sellers<br \/>\n <strong>Institutions<\/strong>: 34.5% of total trades | 32.2% of buyers | 36.9% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 41.34 (+0.66%)<br \/>\n <strong>Brent:<\/strong> USD 43.34 (+0.07%)<\/p>\n<p><strong>Natural Gas:<\/strong> (Nymex, futures prices) USD 1.81 MMBtu, (+1.29%, August 2020 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,925.20 \/ troy ounce (+0.41%)<\/p>\n<p><strong>TASI:<\/strong> 7,426 (-0.01%) (YTD: -11.47%)<br \/>\n <strong>ADX:<\/strong> 4,261 (-0.03%) (YTD: -16.05%)<br \/>\n <strong>DFM:<\/strong> 2,052 (-0.61%) (YTD: -25.76%)<br \/>\n <strong>KSE Premier Market:<\/strong> 5,279 (+0.36%)<br \/>\n <strong>QE:<\/strong> 9,368 (-0.19%) (YTD: -10.14%)<br \/>\n <strong>MSM:<\/strong> 3,563 (+1.20%) (YTD: -10.48%)<br \/>\n <strong>BB: <\/strong>1,284 (-0.64%) (YTD: -20.22%)<\/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=\"573240\" 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\/26\/573240\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573240\" class=\"content-area-description single-story post-573240 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>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>9-10 August (Sunday-Monday): Egyptian expats vote by post in Senate elections.<\/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>16 August (Sunday): House of Representatives reconvenes after a brief recess.<\/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 and students in <a href=\"https:\/\/bit.ly\/3eRqo9E\">public universities<\/a><\/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":573207,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-573206","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"269db2fa-092d-42e9-a0ad-235970e7e8b0","teaser":"","photo_url":"https:\/\/ent.news\/2020\/7\/194.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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