{"id":573250,"date":"2020-07-27T03:45:14","date_gmt":"2020-07-27T03:45:14","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=573250"},"modified":"2025-12-16T09:02:07","modified_gmt":"2025-12-16T09:02:07","slug":"taxis-to-kickstart-govt-natgas-car-program","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/taxis-to-kickstart-govt-natgas-car-program\/","title":{"rendered":"Taxis to kickstart gov\u2019t natgas car program"},"content":{"rendered":"<section id=\"573252\" 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=\"573252\">\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\/27\/what-were-tracking-on-27-july-2020\/\">\r\n                            What we\u2019re tracking on 27 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\/27\/what-were-tracking-on-27-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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Start with the WSJ\u2019s <a href=\"https:\/\/www.wsj.com\/articles\/bbq-the-ultimate-guide-11595649648\">BBQ: The ultimate guide<\/a> or the NYT\u2019s <a href=\"https:\/\/www.nytimes.com\/2020\/07\/24\/dining\/bbq-ribs-recipe.html\">6 steps to the best barbecued ribs<\/a>. Want to delve deeper? Head over to the <a href=\"https:\/\/barbecuebible.com\">Barbecue Bible<\/a>, <a href=\"https:\/\/pitmasterx.com\">PitmasterX<\/a> or <a href=\"https:\/\/amazingribs.com\">Amazing Ribs<\/a>. And yeah, Reddit is a cesspool. But <a href=\"https:\/\/www.reddit.com\/r\/BBQ\/\">r\/BBQ<\/a> rewards the patient and those in search of community beyond the obligatory gastroporn. For verily, we are obligate carnivores.<\/p><p><strong>Meanwhile: Asian shares and US equities futures are <\/strong><strong><a href=\"https:\/\/www.cnbc.com\/2020\/07\/26\/stock-market-futures-open-to-close-news.html\">up this morning<\/a><\/strong> as we head into what <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> promised us would be one of the \u201cnewsiest\u201d weeks of the summer.<\/p><p><strong>Cabinet has yet to specify what day we\u2019re off for Eid<\/strong>, and both the central bank and the stock exchange have also been quiet. The expectation is that we\u2019re all going to be off Thursday-Monday and return to work next Tuesday.<\/p><hr class=\"grey-line\"><p><strong>COVID-19 IN EGYPT-<\/strong><\/p><p><a id=\"tldr-story-02\" class=\"content-anchor\"><\/a> <strong>Daily cases reach lowest level since 15 May:<\/strong> The Health Ministry <a href=\"https:\/\/bit.ly\/2ZZBgOw\">yesterday confirmed<\/a> 479 new cases of covid-19 \u2014 the lowest single-day total since 15 May. This brings the nation\u2019s total confirmed cases to 92,062. The ministry also reported <strong>48 new deaths yesterday<\/strong>, increasing the overall death toll to 4,606. We now have a total of 33,831 cases who have fully recovered.<\/p><p><strong>Egypt is prepared for a second wave of covid-19<\/strong>, provided citizens continue to wear masks, practice social distancing and adhere to safety guidelines, deputy head of the state\u2019s anti-covid task force Jihan El Assal said in an interview on Good Morning Egypt on Sunday (<a href=\"https:\/\/www.youtube.com\/watch?v=AjJiFZoskCk\">watch, runtime: 16:59<\/a>). \u201cThere are comprehensive preparations by the health ministry for any second wave of coronavirus. If it happens, we have a plan for that,\u201d she said.<\/p><p><strong>We\u2019d do well to listen to her advice: <\/strong>South Africa is now the continent\u2019s poster child for how you can blow an early lead in the fight against covid. \u201cLauded in the early stages of the pandemic for taking <a href=\"https:\/\/www.wsj.com\/articles\/as-poorer-nations-ease-coronavirus-curbs-risks-of-new-infections-grow-11587934316\">decisive steps to limit Covid-19 infections<\/a>, South Africa is now battling one of the world\u2019s fastest-growing <a href=\"https:\/\/www.wsj.com\/news\/collection\/coronavirus-6dcf2a21\">coronavirus outbreaks<\/a> that is overpowering hospitals and has caused a dramatic increase in deaths,\u201d writes <a href=\"https:\/\/www.wsj.com\/articles\/after-early-success-south-africa-buckles-under-coronavirus-surge-11595779200\">the WSJ<\/a>.<\/p><p><strong>Churches in Cairo and Alexandria will reopen on 3 August<\/strong>, the Coptic Orthodox Church said in <a href=\"https:\/\/bit.ly\/2CFn0C0\">a recent statement<\/a>. The government allowed houses of worship to partially reopen (with precautions in place) in <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1bb3ec4e-133c-4cf4-a351-b54b300e282f\">late June<\/a>, but <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/dcefeb8c-dfce-4a69-a3a6-6f48f6f5c240\">churches decided<\/a> to hold off on reopening to the public while mosques went ahead and opened their doors.<\/p><p><strong>The new universal healthcare scheme is set to roll out on a trial basis in Luxor at the <\/strong><strong>beginning <\/strong><strong>of August<\/strong>, <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=26072020&amp;id=9dfb6109-374c-43bb-bbd2-9141a87dc126\">Al Shorouk<\/a> reports. The program was set to be launched in Luxor and South Sinai in March, but the rollout <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=19032020&amp;id=958621d0-b0c5-4b90-a08e-bb532245b4da\">was put on hold<\/a> because of the pandemic. It is unclear whether South Sinai is also ready for the scheme\u2019s launch. The government introduced the universal health insurance scheme on a pilot basis in Port Said <a href=\"https:\/\/enterprise.press\/stories\/2019\/07\/07\/egypts-new-health-care-system-debut-in-port-said-dominates-nations-airwaves-2\/\">in July 2019<\/a> before taking it live in September. The government plans to cover all of Egypt by 2032 over six phases.<\/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>ON THE GLOBAL FRONT-<\/strong><\/p><p><strong>Global confirmed coronavirus infections passed 16 mn on Sunday<\/strong>, according to data collected by John Hopkins University. Roughly a quarter of the cases came from the US as the country continues to see record increases in cases and deaths in several states.<\/p><p><strong>European countries are reimposing <\/strong><strong>quarantine measures<\/strong> on travelers returning from Spain as the tourism-dependent country struggles to contain a possible second wave of the virus, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-07-26\/spain-s-second-virus-wave-swells-fueling-concern-across-europe?srnd=premium-middle-east\">Bloomberg<\/a> reports. The UK, France and Norway now require returning travelers to spend between 10-14 days in a quarantine facility following a recent spike in cases, especially in the Catalonia region.<\/p><p><strong>Global supply chains aren\u2019t ready to distribute mns of vials of a future vaccine<\/strong>, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-07-25\/the-supply-chain-to-save-the-world-is-unprepared-for-a-vaccine\">Bloomberg<\/a>. The fragile vials will need to be transported in unprecedented quantities all around the world all while being strictly temperature controlled throughout the distribution process. Shippers are waiting for clear guidelines from pharma companies on how they need to develop their supply chains for \u201cthe biggest and most consequential product launch in modern history.\u201d <strong>Local manufacturing operations will also need to ramp up <\/strong>and meet quality and safety standards, and then there\u2019s the question of whether a given country can manufacture enough glass ampules of its own.<\/p><p><strong>South Korea is providing an instruction manual for how to roll out aggressive contact <\/strong><strong>tracing: <\/strong><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-07-25\/these-elite-contact-tracers-show-the-world-how-to-beat-covid-19?srnd=premium-middle-east\">Bloomberg<\/a> recaps how the Asian nation, once the second hardest-hit in the world, has succeeded in curbing the spread of covid-19 using elite teams of disease experts, data specialists and lab technicians. Those so-called immediate response teams targeted hotspots where outbreaks are likely to occur, through contact tracing, pioneering a \u201ctesting blitz strategy\u201d that significantly reduced the number of daily cases and allowed life in safe areas to go unimpeded.<\/p><p><strong>GLOBAL MACRO-<\/strong><\/p><p><strong>The top econ story this morning in the global business press:<\/strong> The expiry of emergency job benefits are focusing minds on Capitol Hill and Senate Republicans are about to unveil their proposals for a third round of fiscal stimulus. What we know so far is on the table: Another round of USD 1.2k emergency checks for individuals, an extension to the ban on evictions and USD 100 mn in aid for the education system. It doesn\u2019t look like Republicans are ready to renew the crucial USD 600 per week unemployment benefits due to end this Friday after Treasury Secretary Steve Mnuchin yesterday ruled out an extension. (<a href=\"https:\/\/www.ft.com\/content\/3ced1ea5-6070-46ee-a946-dc18ad212bf7\">Financial Times<\/a> | <a href=\"https:\/\/www.wsj.com\/articles\/expiring-jobless-aid-puts-pressure-on-gop-senators-11595761201?mod=hp_lead_pos1\">Wall Street Journal<\/a> | <a href=\"https:\/\/www.nytimes.com\/2020\/07\/26\/us\/politics\/coronavirus-stimulus-bill-unemployment.html?action=click&amp;module=Top%20Stories&amp;pgtype=Homepage\">New York Times<\/a> | <a href=\"https:\/\/www.washingtonpost.com\/us-policy\/2020\/07\/26\/senate-stimulus-coronavirus\/\">Washington Post<\/a>)<\/p><p><strong>How can governments better position themselves for a rapid economic recovery <\/strong><strong>post-covid?<\/strong> Build up the capacity for better financial management by relying on correct accounting for state budgets and adopt \u201ca strong audit function,\u201d according to a <a href=\"https:\/\/ftalphaville.ft.com\/2020\/07\/22\/1595434890000\/Every-penny-will-count-in-the-recovery\/\">Financial Times<\/a> piece penned by <strong>Hanan Salem<\/strong>, a director at Citi\u2019s public sector group who was previously a top official at Egypt\u2019s Finance Ministry. Salem and her co-author, investment adviser Dag Detter, suggest that governments that embrace <a href=\"https:\/\/economictimes.indiatimes.com\/definition\/accrual-accounting\">accrual accounting<\/a> (rather than the cash accounting method) would be vastly helpful for governments to kickstart fast growth without resorting to crippling austerity measures. This method of auditing would encourage government spending on vital infrastructure such as health and education as investments, rather than expenditures, and would also provide policymakers with a more comprehensive view of the country\u2019s balance sheet and allow them to \u201cderive maximum utility from their assets.\u201d<\/p><p><strong>Renewable energy is coming of age as the pandemic rumbles on: <\/strong>The share of renewable energy in global electricity production has reached record levels since the beginning of the pandemic, according to <a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-renewables-insight\/green-energy-ratchets-up-power-during-coronavirus-pandemic-idUSKCN24N111?mkt_tok=eyJpIjoiTkRnNE16bGtaV1UzWlRFNCIsInQiOiJyNHNZMkx0MU9oQUM1cEhHTENVNXpPY3hmSEw0eGk4UGJhWmdtMXViZnlEb2ZnREQ4MDN3QTFJUXBcL1dScU9OVkhKNU1wcHl0NzlsXC9ScTlpb3h5OWExOXpkNnlNN0dBc2RpTE94WVNxRms4U2hkZkY0UDVCeU1HUVlNRXE1aTNzIn0%3D\">Reuters<\/a>. Experts tell the newswire that national grids have been more resilient to the heightened energy fluctuations that come from using renewable sources, leading Europe to generate almost half of its electricity from clean energy over the past three months.<\/p><p><strong>AND THE REST OF THE WORLD- <\/strong><\/p><p><strong>The UAE\u2019s Dana Gas has tapped a financial advisor <\/strong><strong>to advise on a USD 400 mn sukuk due in October<\/strong> that it has already restructured twice, according to a company <a href=\"https:\/\/www.danagas.com\/wp-content\/uploads\/2020\/07\/appointment-of-financial-advisor-En-Copy.pdf\">statement<\/a>. The company retained Houlihan Lokey \u201cin relation to\u201d Nile Delta Sukuk, which Dana <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4a9be6b1-2247-4637-9766-859ef7c917d2\">said in April<\/a> it is planning to pay down using proceeds from a planned sale of its Egypt assets. Dana asked its bondholders earlier this month to disclose their holdings, a move <a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL5N2EX02C\">Reuters<\/a> suggests could mean it\u2019s looking to restructure the sukuk for the third time. Bloomberg agrees, suggesting that this indicates <strong>\u201cthe UAE energy producer may be facing difficulties repaying debt.\u201d<\/strong><\/p><p><strong>Russian mercs just seized Libya\u2019s largest oil field:<\/strong> Russian and Sudanese mercenaries rolled into Libya\u2019s 300k bbl\/d Sharara oil field last week, helping to secure the resources for the forces of Egypt- and UAE-backed Khalifa Haftar, <a href=\"https:\/\/www.wsj.com\/articles\/russian-fighters-help-tighten-rebel-control-of-libyas-largest-oil-field-11593194257\">the Wall Street Journal<\/a> reports, citing officials from Libya\u2019s National Oil Company.<\/p><p><strong>US pleads for Gulf states to make amends over Qatar: <\/strong>The rift isolating Qatar from some of its Gulf neighbors has gone on long enough, and detracts from efforts to counter Iranian influence in the region, US Special Envoy for Iran Brian Hook said during a visit to the island state, <a href=\"https:\/\/www.reuters.com\/article\/us-gulf-qatar-usa\/gulf-dispute-has-gone-on-too-long-u-s-envoy-says-on-visit-idUSKCN24R0HN\">Reuters<\/a> reports.<\/p><p><strong>Power in the global microchip business is shifting from west to east:<\/strong> Taiwanese semiconductor firm TSMC could be about to steal Intel\u2019s mantle as the world\u2019s leading chipmaker after the US giant fell fell behind yet again in the manufacturing of its next-gen chips, putting its Asian rival a generation ahead, <a href=\"https:\/\/www.ft.com\/content\/051b2c80-d53b-410e-8e80-f433d25a82dd\">the Financial Times<\/a> reports. News of the delay sent the company\u2019s shares <a href=\"https:\/\/www.ft.com\/content\/29e02e4f-df7f-49d7-8f94-00a5af481909\">down 16% on Friday<\/a>, erasing USD 41bn from its market value while TSMC\u2019s shares leapt 10%.<\/p><p><strong>Intel\u2019s failure to bring 7 nm chips into commercial production adds insult to injury as it <\/strong><strong>looks ahead to losing Apple as a client. <\/strong>Apple <a href=\"https:\/\/www.apple.com\/newsroom\/2020\/06\/apple-announces-mac-transition-to-apple-silicon\/\">last month<\/a> <a href=\"https:\/\/www.apple.com\/newsroom\/2020\/06\/apple-announces-mac-transition-to-apple-silicon\/\">announced<\/a> that it would start phasing-in the use of its own chips in its Mac range, kicking out Intel in favor of its own Apple Silicon, which will look set to be manufactured by TSMC<\/p><p><strong>Teens, get your pitchforks ready: The government could be coming for your TikTok:<\/strong> China hawks in the US administration are pushing to ban TikTok \u2014 currently the world\u2019s fastest-growing social media app with more than 620 m new users this year \u2014 raising concerns about parent company ByteDance\u2019s ties to Beijing and fearing it could be used to spread propaganda, the <a href=\"https:\/\/www.ft.com\/content\/c6a8b9bc-dd6d-46a7-b008-8255689825e0\">Financial Times<\/a> reports.<\/p><p><strong>Remember that thing called global warming? Well, there\u2019s good and bad news.<\/strong> Scientists studying the relationship between carbon dioxide and global warming are veering away from worst case scenarios but also reducing the likelihood of the most optimistic ones, narrowing a key range for future heating to between 2.6\u00b0-3.9\u00b0C, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-07-22\/top-scientists-just-ruled-out-best-case-global-warming-scenarios\">Bloomberg<\/a> reports, citing a recent study in the Reviews of Geophysics. The UN Intergovernmental Panel on Climate Change has for almost a decade used a spread between 1.5\u00b0C-4.5\u00b0C, which has influenced long term warming projections.<\/p><p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/11\/CIRA-Blackboard-Banner-B.jpg?ssl=1\" alt=\"enterprise\"><\/p><p><strong>*** It\u2019s Blackboard day:<\/strong> We have our weekly look at the business of education in Egypt, from pre-K through the highest reaches of higher ed. Blackboard appears every Monday in Enterprise in the place of our traditional industry news roundups.<\/p><p><strong>In today\u2019s issue:<\/strong> We look at how international scholarship programs, which have faced a level of uncertainty because of the pandemic, could adopt adaptive measures to accelerate access for Egyptian students and offer new partnership models for scholarship support.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/dana-gas\/\">Dana Gas<\/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\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/healthcare\/\">healthcare<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/latin-america\/\">Latin America<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/norway\/\">Norway<\/a>\n                <!-- 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href=\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/27\/kuwaiti-assault-incident-zamalek-building-damage-top-stories-on-talk-shows\/\">\r\n                            Kuwaiti assault incident, Zamalek building damage top stories on talk shows                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/27\/kuwaiti-assault-incident-zamalek-building-damage-top-stories-on-talk-shows\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" 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\n<article id=\"post-573254\" class=\"content-area-description single-story post-573254 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-diplomacy tag-enterprise-last-nights-talk-shows tag-enterpriseam tag-kuwait tag-nabila-makram tag-transport-minister-kamel-el-wazir tag-zamalek wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>A supermarket cashier with a black eye topped the coverage on the airwaves last night<\/strong>. That\u2019s all you need to know to gauge yesterday\u2019s news cycle, which was devoid of anything particularly newsworthy.<\/p>\n<p><strong>Hisham Tawfik on the future of the public sector textile industry: <\/strong>Public Enterprises Minister Hisham Tawfik appeared on Sada El Balad last night for an interview with Azza Mostafa about planned changes to public sector weaving and textiles companies <a href=\"https:\/\/www.youtube.com\/watch?v=bD3sg-L7Ei0\">(watch, runtime: 18:14)<\/a>. Here are the highlights:<\/p>\n<ul>\n<li><strong>Construction on mega-textile factory underway:<\/strong> The ministry has kicked off the project to build the world\u2019s largest textile factory in El Mahalla El Kubra, Tawfik said. The factory is scheduled for completion within 14 months.<\/li>\n<li><strong>Streamlining the public sector:<\/strong> Thirty-two spinning and weaving companies will be merged into just nine companies, the minister said. This comes as part of <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/71938aa0-e362-4429-9e61-30a853a317ad\">government efforts to reduce the bloated public sector<\/a> that will see state-owned enterprises cut by as much as 25%.<\/li>\n<li><strong>Ministry to establish new clothes factories: <\/strong>The ministry will set up new factories for manufacturing cotton clothes worth EGP 10 bn, which will begin production within the next two years.<\/li>\n<\/ul>\n<p><strong>Each of the talking heads were fixated on the story of an Egyptian expat cashier living in<\/strong><strong> Kuwait who was assaulted on the job by a Kuwaiti.<\/strong> El Hadidi phoned Ambassador Hisham Asran, Egypt\u2019s consul general in Kuwait <a href=\"https:\/\/www.youtube.com\/watch?v=tiEfgwIwKJ8&t=76s\">(watch, runtime: 6:31)<\/a> <a href=\"https:\/\/www.youtube.com\/watch?v=EqbwT2FtnM8\">(watch, runtime: 4:41)<\/a>, while El Hekaya\u2019s Amr Adib spoke with Immigration Minister Nabila Makram <a href=\"https:\/\/www.youtube.com\/watch?v=_1W9MNQx-8c\">(watch, runtime: 4:29)<\/a>, Kuwaiti officials and the victim <a href=\"https:\/\/www.youtube.com\/watch?v=ZA-VPRjXQcM\">(watch, runtime: 4:22)<\/a>. Masaa DMC\u2019s Eman El Hosary also discussed the incident with Makram <a href=\"https:\/\/www.youtube.com\/watch?v=VfTe0N-KH3Y\">(watch, runtime: 6:45)<\/a>.<\/p>\n<p><strong>Does construction of the Metro threaten to topple a Zamalek building? <\/strong>Al Kahera Alaan\u2019s Lamees El Hadidi spoke with Transport Minister Kamel El Wazir, who discussed <a href=\"https:\/\/bit.ly\/3032cgg\">a statement<\/a> by the National Authority for Tunnels denying reports work on the Cairo Metro was responsible for serious damage caused to a building on Zamalek\u2019s Brazil Street and the outer wall of the Bahraini embassy. El Wazir said a team has been dispatched to assess the damage, the building has been evacuated and residents have been provided with EGP 30k to seek alternative accommodation while the problem is being resolved <a href=\"https:\/\/www.youtube.com\/watch?v=m8m_NdGw7s0\">(watch, runtime: 16:35)<\/a>. El Hekaya\u2019s Amr Adib also spoke with El Wazir to discuss the incident <a href=\"https:\/\/www.youtube.com\/watch?v=Whty44eFFhk\">(watch, runtime: 14:36)<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/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\/kuwait\/\">Kuwait<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/nabila-makram\/\">Nabila Makram<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/transport-minister-kamel-el-wazir\/\">Transport Minister Kamel El Wazir<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/zamalek\/\">Zamalek<\/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=\"573255\" 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=\"573255\">\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\/27\/govt-eyes-cabs-to-kickstart-natgas-car-program\/\">\r\n                            Gov\u2019t eyes cabs to kickstart natgas car program                        <\/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\/27\/govt-eyes-cabs-to-kickstart-natgas-car-program\/\" 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\/27\/govt-eyes-cabs-to-kickstart-natgas-car-program\/')\">\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\/27\/govt-eyes-cabs-to-kickstart-natgas-car-program\/\">\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=Gov\u2019t eyes cabs to kickstart natgas car program&url=https:\/\/enterpriseam.com\/egypt\/2020\/07\/27\/govt-eyes-cabs-to-kickstart-natgas-car-program\/\">\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\/27\/govt-eyes-cabs-to-kickstart-natgas-car-program\/&title=Gov\u2019t eyes cabs to kickstart natgas car program\">\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=Gov%E2%80%99t+eyes+cabs+to+kickstart+natgas+car+program+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F07%2F27%2Fgovt-eyes-cabs-to-kickstart-natgas-car-program%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\/27\/govt-eyes-cabs-to-kickstart-natgas-car-program\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/7\/209.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"573256\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/27\/govt-eyes-cabs-to-kickstart-natgas-car-program\/209-jpg-17\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/7\/209.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"209.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/7\/209.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/7\/209.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573255\" class=\"content-area-description single-story post-573255 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round tag-automotive tag-energy tag-enterpriseam tag-infrastructure tag-manufacturing tag-policy tag-speed-round tag-sustainability tag-toyota wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a id=\"tldr-story-01\" class=\"content-anchor\"><\/a><strong> G<\/strong><strong>ov\u2019t eyes cabs to kickstart natgas car program: <\/strong>Taxis will be the first target of an expanded government plan to switch cars to dual-fuel engines, <a href=\"https:\/\/www.alborsaanews.com\/2020\/07\/26\/1369496\">the local press<\/a> reports, quoting unnamed government sources. President Abdel Fattah El Sisi earlier this month <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c91b2be4-e5fb-4204-a703-765a565b8b37\">announced a new policy<\/a> that would require car owners to convert their engines to run on natural gas, helped by low-interest finance offered by the government.<\/p>\n<p><strong>Deja vu:<\/strong> The \u201cwhite cab replacement program,\u201d announced in early 2009, saw the government give incentives to cabbies at the wheel of what were then some 70k black-and-whites in Cairo. Vehicle owners could pick up a locally assembled white cab on a subsidized, no-interest payment plan if they scrapped cars that had been on the road more than 20 years. There was a movement afoot by early 2011 to expand the program to civilian vehicles, but that initiative died on the vine with the events subsequent to 25 January. <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c91b2be4-e5fb-4204-a703-765a565b8b37\">There\u2019s essential background here<\/a> \u2014 including on the environmental benefits \u2014 if you\u2019re so inclined.<\/p>\n<p><strong>This time around it will be compulsory for normal taxi owners to participate.<\/strong> Cars used by ride-hailing companies such as Uber and Careem will be eligible for the scheme but participation will be optional, the sources said. Unlike the old program, which was open-ended, the current incarnation will take three years to complete, the sources said.<\/p>\n<p><strong>In detail: <\/strong>The Sisi administration has for years been offering incentives for car owners to switch to dual-fuel engines that run on both gasoline and natural gas. The latest program allows people with cars over 20 years old to obtain low-interest car loans for new vehicles, turning in their existing vehicle as a deposit, and owners of <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c91b2be4-e5fb-4204-a703-765a565b8b37\">cars that are less than 20 years\u2019 old<\/a> zero-interest loans to do the same. The Oil Ministry said <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/285d1865-9db6-4a4f-98e4-d2c6c43cc6fb\">shortly after<\/a> it plans to convert some 50k cars to run on gas during the current fiscal year, adding that plans for the year include setting up <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1999671\">50 new filling stations<\/a> across the country. According to President Abdel Fattah El Sisi, the cost of converting 1 mn vehicles to dual-fuel engines hovers around EGP 8 bn.<\/p>\n<p><strong>*** Stay tuned for this week\u2019s edition of Hardhat <\/strong>which looks at how obstacles facing the program can be overcome. We took a deeper dive into the plan in <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/10fa6433-9b32-47ce-ae8c-8e8f357dde0a\">last week\u2019s edition<\/a> of our infrastructure vertical.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/automotive\/\">automotive<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/policy\/\">policy<\/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\/sustainability\/\">sustainability<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/toyota\/\">Toyota<\/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=\"573267\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"573268\" 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=\"573268\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">Image of the Day<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/27\/rare-copy-of-holy-quran-dating-back-to-ottoman-era-displayed-in-hurghada-museum\/\">\r\n                            Rare copy of Holy Quran dating back to Ottoman era displayed in Hurghada Museum                        <\/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\/27\/rare-copy-of-holy-quran-dating-back-to-ottoman-era-displayed-in-hurghada-museum\/\" 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\/27\/rare-copy-of-holy-quran-dating-back-to-ottoman-era-displayed-in-hurghada-museum\/')\">\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\/27\/rare-copy-of-holy-quran-dating-back-to-ottoman-era-displayed-in-hurghada-museum\/\">\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=Rare copy of Holy Quran dating back to Ottoman era displayed in Hurghada Museum&url=https:\/\/enterpriseam.com\/egypt\/2020\/07\/27\/rare-copy-of-holy-quran-dating-back-to-ottoman-era-displayed-in-hurghada-museum\/\">\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\/27\/rare-copy-of-holy-quran-dating-back-to-ottoman-era-displayed-in-hurghada-museum\/&title=Rare copy of Holy Quran dating back to Ottoman era displayed in Hurghada Museum\">\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=Rare+copy+of+Holy+Quran+dating+back+to+Ottoman+era+displayed+in+Hurghada+Museum+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F07%2F27%2Frare-copy-of-holy-quran-dating-back-to-ottoman-era-displayed-in-hurghada-museum%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\/27\/rare-copy-of-holy-quran-dating-back-to-ottoman-era-displayed-in-hurghada-museum\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/7\/212.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"573269\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/27\/rare-copy-of-holy-quran-dating-back-to-ottoman-era-displayed-in-hurghada-museum\/212-jpg-11\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/7\/212.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"212.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/7\/212.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/7\/212.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573268\" class=\"content-area-description single-story post-573268 post type-post status-publish format-standard has-post-thumbnail hentry category-image-of-the-day tag-enterpriseam tag-image-of-the-day wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>A rare Ottoman-era copy of the Quran is on display at the Hurghada Museum<\/strong>, which officially opened its doors in February before closing again because of the pandemic, reports <a href=\"https:\/\/iqna.ir\/en\/news\/3472087\/rare-copy-of-quran-on-display-at-egypt%E2%80%99s-hurghada-museum\">Iqna<\/a>. The Quran was calligraphed by Sayed Ali Al Nouri in the year 1259 of the Hijri calendar.<\/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\/image-of-the-day\/\">IMAGE OF THE DAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"573270\" 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=\"573270\">\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\/27\/egypt-in-the-news-on-27-july-2020\/\">\r\n                            Egypt in the News on 27 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\/27\/egypt-in-the-news-on-27-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\/27\/egypt-in-the-news-on-27-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\/27\/egypt-in-the-news-on-27-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 27 July 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/07\/27\/egypt-in-the-news-on-27-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\/27\/egypt-in-the-news-on-27-july-2020\/&title=Egypt in the News on 27 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+27+July+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F07%2F27%2Fegypt-in-the-news-on-27-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\/27\/egypt-in-the-news-on-27-july-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573270\" class=\"content-area-description single-story post-573270 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-egypt-in-the-news tag-enterpriseam tag-media tag-politics tag-turkey wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>It\u2019s a quiet morning for Egypt <\/strong>in the pages of the international press.<\/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\/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\/media\/\">media<\/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\/turkey\/\">Turkey<\/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=\"573271\" 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=\"573271\">\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\/27\/el-sisi-discusses-gerd-libya-with-south-africas-ramaphosa\/\">\r\n                            El Sisi discusses GERD, Libya with South Africa\u2019s Ramaphosa                        <\/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\/27\/el-sisi-discusses-gerd-libya-with-south-africas-ramaphosa\/\" 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\/27\/el-sisi-discusses-gerd-libya-with-south-africas-ramaphosa\/')\">\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\/27\/el-sisi-discusses-gerd-libya-with-south-africas-ramaphosa\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=El Sisi discusses GERD, Libya with South Africa\u2019s Ramaphosa&url=https:\/\/enterpriseam.com\/egypt\/2020\/07\/27\/el-sisi-discusses-gerd-libya-with-south-africas-ramaphosa\/\">\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\/27\/el-sisi-discusses-gerd-libya-with-south-africas-ramaphosa\/&title=El Sisi discusses GERD, Libya with South Africa\u2019s Ramaphosa\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=El+Sisi+discusses+GERD%2C+Libya+with+South+Africa%E2%80%99s+Ramaphosa+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F07%2F27%2Fel-sisi-discusses-gerd-libya-with-south-africas-ramaphosa%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\/27\/el-sisi-discusses-gerd-libya-with-south-africas-ramaphosa\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573271\" class=\"content-area-description single-story post-573271 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-abdel-fattah-el-sisi tag-cyril-ramaphosa tag-diplomacy tag-diplomacy-foreign-trade tag-enterpriseam tag-food-security tag-gerd tag-germany tag-libya tag-politics tag-sameh-shoukry tag-south-africa tag-uk wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Egypt continues diplomatic blitz on Libya, GERD:<\/strong> President Abdel Fattah El Sisi continued the push he started over the weekend to win overseas backing for the country\u2019s position on the Libyan conflict and the dispute with Ethiopia over the Grand Ethiopian Renaissance Dam (GERD).<\/p>\n<p><strong>El Sisi <\/strong><strong><a href=\"https:\/\/bit.ly\/3hE6pgB\">spoke by phone<\/a><\/strong><strong> with South African President Cyril Ramaphosa to discuss the<\/strong> <strong>latest developments on the talks around the Grand Ethiopian Renaissance Dam (GERD), <\/strong>reiterating that the country seeks a fair and balanced agreement, and rejects any unilateral filling of the dam\u2019s reservoir. Ramaphosa said he hopes \u201cintensive coordination\u201d between the sides would allow them to reach an agreement. The African Union under the presidency of South Africa sponsored the last round of GERD talks from 3-13 July, which ended without the parties reaching an agreement. El Sisi and Ramaphosa also discussed political solutions for the crisis in Libya, the statement said, without providing additional details.<\/p>\n<p><strong>Foreign Minister Sameh Shoukry discussed GERD, Libya, trade and covid-19 with UK<\/strong> <strong>Foreign Secretary Dominic Raab,<\/strong> according to a statement by the <a href=\"https:\/\/bit.ly\/3jLSbMG\">UK embassy in Egypt<\/a>, which provided no additional details.<\/p>\n<p><strong>KfW Development Bank donates EUR 15 mn to UN World Food Program:<\/strong> The United Nations World Food Program (WFP) in Egypt will receive a EUR 15 mn contribution from the German KfW Development Bank, <a href=\"https:\/\/bit.ly\/2WVSsCA\">Al Mal<\/a> reports, citing a statement by the UN Information Center in Cairo. The WFP and its local partners will use the funding to launch a new two-year program to support 136k low income families in rural areas, providing them with their food, school meals, educational support, and income-generating programs for women and youth.<\/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-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cyril-ramaphosa\/\">Cyril Ramaphosa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy-foreign-trade\/\">Diplomacy + Foreign Trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/food-security\/\">food security<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gerd\/\">GERD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/germany\/\">Germany<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/libya\/\">Libya<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/politics\/\">politics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sameh-shoukry\/\">Sameh Shoukry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/south-africa\/\">South Africa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/uk\/\">UK<\/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=\"573275\" 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=\"573275\">\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\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/27\/the-market-yesterday-136\/\">\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\/27\/the-market-yesterday-136\/\" 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\/27\/the-market-yesterday-136\/')\">\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\/27\/the-market-yesterday-136\/\">\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\/27\/the-market-yesterday-136\/\">\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\/27\/the-market-yesterday-136\/&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%2F27%2Fthe-market-yesterday-136%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\/27\/the-market-yesterday-136\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573275\" class=\"content-area-description single-story post-573275 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 15.93 | Sell 16.03<br \/>\n <strong>EGP \/ USD at NBE: <\/strong>Buy 15.92 | Sell 16.02<\/p>\n<p><strong>EGX30<\/strong> (Sunday): 10,524 (+0.6%)<br \/>\n <strong>Turnover:<\/strong> EGP 864 mn (7% below the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: -24.6%<\/p>\n<p><strong>THE MARKET ON SUNDAY:<\/strong> The EGX30 ended Sunday\u2019s session up 0.6%. CIB, the index\u2019s heaviest constituent, ended down 0.7%. EGX30\u2019s top performing constituents were EFG Hermes up 6.4%, Sidi Kerir up 4.7%, and Cleopatra Hospital up 4.5%. Yesterday\u2019s worst performing stocks were Juhayna down 4.1%, Porto Group down 1.0% and CIRA down 0.8%. The market turnover was EGP 864 mn, and foreign investors were the sole net sellers.<\/p>\n<p><strong>Foreigners<\/strong>: Net short | EGP -72.9 mn<br \/>\n <strong>Regional<\/strong>: Net long | EGP +20.1 mn<br \/>\n <strong>Domestic<\/strong>: Net long | EGP +52.8 mn<\/p>\n<p><strong>Retail<\/strong>: 74.2% of total trades | 74.0% of buyers | 74.5% of sellers<br \/>\n <strong>Institutions<\/strong>: 25.8% of total trades | 26.0% of buyers | 25.5% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 41.34 (+0.66%)<\/p>\n<p><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)<\/p>\n<p><strong>Gold:<\/strong> USD 1,925.20 \/ troy ounce (+0.41%)<\/p>\n<p><strong>TASI:<\/strong> 7,434 (+0.1%) (YTD: -11.39)<\/p>\n<p><strong>ADX:<\/strong> 4,285 (+0.57%) (YTD: -15.57%)<br \/>\n <strong>DFM:<\/strong> 2,059 (+0.31%) (YTD: -25.53%)<br \/>\n <strong>KSE Premier Market:<\/strong> 5,263 (-0.31%)<br \/>\n <strong>QE:<\/strong> 9,375 (+0.08%) (YTD: -10.07%)<br \/>\n <strong>MSM:<\/strong> 3,557 (-0.17%) (YTD: -10.63%)<br \/>\n <strong>BB: <\/strong>1,283 (-0.08%) (YTD: -20.28%)<\/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=\"573276\" 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\/27\/573276\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573276\" class=\"content-area-description single-story post-573276 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>3 August (Monday): <a href=\"https:\/\/bit.ly\/2CFn0C0\">Churches in Cairo and Alexandria reopen<\/a>.<\/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>20 September (Sunday): A Cairo administrative court is due to issue a ruling in a third-party lawsuit <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=26072020&id=ba514e75-6e4a-46ad-b8d1-bbc17912d90d\">demanding the government block YouTube in Egypt<\/a> for carrying an allegedly sacreligious video. The case is an infamous 2012-vintage lawsuit still wending its way through the courts.<\/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":573251,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-573250","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"a148a71a-679c-4d66-97b0-b3961614e840","teaser":"","photo_url":"https:\/\/ent.news\/2020\/7\/208.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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