{"id":573373,"date":"2020-08-04T04:02:35","date_gmt":"2020-08-04T04:02:35","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=573373"},"modified":"2025-12-16T09:06:41","modified_gmt":"2025-12-16T09:06:41","slug":"welcome-to-august-a-month-of-elections-and-lots-of-ma-news","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/welcome-to-august-a-month-of-elections-and-lots-of-ma-news\/","title":{"rendered":"Welcome to August: A month of elections and \u2026 lots of M&#038;A news?"},"content":{"rendered":"<section id=\"573375\" 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=\"573375\">\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\/08\/04\/what-were-tracking-on-4-august-2020\/\">\r\n                            What we\u2019re tracking on 4 August 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\/08\/04\/what-were-tracking-on-4-august-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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What do I do for a living? <\/strong>Forgive us, but we imagine this is what Will Smith must have felt like after Tommy Lee Jones zapped him at the end of Men in Black. Really long long weekends can do that to you.<\/p><p><strong>So welcome, friends, to the month of August. <\/strong>Back to school month for some of us. The prelude to fall. The month before we all need to start thinking about our 2021 budget process. We hope those of you able to escape to Sahel are having a blast.<\/p><p><strong>The big news of the day: <\/strong>We have the lowest single-day count of new covid-19 cases in Egypt since April. More on that below.<\/p><p><strong>It\u2019s shaping up to be a busy month<\/strong> punctuated not just by the start of the school year at some private institutions, but by a trip to the ballot box:<\/p><ul>\n<li><strong>PMI data for Egypt<\/strong>, Saudi Arabia and the UAE is due out on Wednesday, 5 August at around 6:15am CLT.<\/li>\n<li><strong>Foreign reserves figures<\/strong> for July should be out early next week.<\/li>\n<li><strong>Inflation data<\/strong> for July will land on or about, Monday, 10 August.<\/li>\n<li><strong>We\u2019re heading to the polls<\/strong> to elect a senate this month. Expats will vote 9-10 August, while voters in Egypt will cast their ballots 11-12 August. Runoffs take place in September. Expect to head to the voting booth yet again in October for House elections.<\/li>\n<li>The Central Bank of Egypt will meet to <strong>review interest rates<\/strong> on Thursday, 13 August.<\/li>\n<li><strong>The House reconvenes <\/strong>on Sunday, 16 August after a brief recess.<\/li>\n<li><strong>We have a holiday near the end of the month <\/strong>as we take Thursday, 20 August off in observance of Islamic New Year.<\/li>\n<\/ul><p><strong>AU-sponsored GERD talks resume this week <\/strong>with technical teams from Egypt, Ethiopia, and Sudan set to meet today and tomorrow to discuss the Grand Ethiopian Renaissance Dam, cabinet said in a <a href=\"https:\/\/bit.ly\/31jbG6y\">statement<\/a> yesterday. Irrigation ministers from the three countries will then meet on Thursday. We have more in this morning\u2019s Diplomacy + Foreign Trade, below.<\/p><p><strong>COVID-19 IN EGYPT-<\/strong><\/p><p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>Daily cases reach lowest level since 21 April:<\/strong> The Health Ministry <a href=\"https:\/\/bit.ly\/2DsV3NM\">confirmed<\/a> 157 new cases of covid-19 yesterday \u2014 the lowest single-day total since 21 April. This brings the nation\u2019s total confirmed cases to 94,640. The ministry also reported <strong>23 new deaths yesterday, which is the lowest figure reported since 22 May<\/strong>. Egypt\u2019s overall death now stands at 4,888.<\/p><p><strong>But be on your best behavior lest we be put back into lockdown: <\/strong>The government may need to once again impose stricter preventative measures if there is a resurgence of the virus, Prime Minister Moustafa Madbouly warned during a televised press statement following Wednesday\u2019s cabinet meeting (<a href=\"https:\/\/www.youtube.com\/watch?v=hARCSPZn-mc\">watch, runtime: 24:46<\/a>). Madbouly attributed falling rates of infection to public awareness \u2014 and stressed the importance of continued social distancing and wearing face masks in public.<\/p><p><strong>Egypt\u2019s churches opened their doors for the first time in more than four months yesterday<\/strong>, the Coptic Orthodox Church said in a <a href=\"https:\/\/bit.ly\/33nwJHJ\">statement<\/a>. Worshippers will need to practice social distancing and wear masks, among other precautions outlined in a <a href=\"https:\/\/bit.ly\/3k1bkdz\">separate statement<\/a>.<\/p><p><strong>It remains unclear when mosques will re-open <\/strong>for Friday prayers.<\/p><p><strong>Egypt is among 31 \u201chigh risk\u201d countries subject to an indefinite flight ban by <\/strong><strong>Kuwait<\/strong> introduced on Saturday by the country\u2019s <a href=\"https:\/\/twitter.com\/Kuwait_DGCA\/status\/1289622120482275328\">civil aviation authority<\/a>. The decision was announced on the same day the country partially resumed commercial flights, with the Kuwait International Airport operating at 30% capacity.<\/p><p><strong>It\u2019s unclear when flights between the two countries might restart: <\/strong>A <a href=\"https:\/\/bit.ly\/39RHiEv\">cabinet statement<\/a> on Sunday said that the Kuwaiti Foreign Minister told Egypt\u2019s Foreign Minister Sameh Shoukry that the ban will be reviewed \u201cduring the coming period.\u201d <strong>The flight ban comes at a time of strained relations <\/strong>between the two countries as the Gulf nation looks to reduce the number of migrant workers who call it home.<\/p><p><strong>ON THE GLOBAL FRONT-<\/strong><\/p><p><strong>The number of confirmed cases of covid-19 worldwide surpassed 18 mn on <\/strong><strong>Sunday<\/strong>, according to data collected by Johns Hopkins University.<\/p><p><strong>Russia is gearing up to administer a vaccine en masse by October:<\/strong> Clinical trials on a vaccine developed by a Russian state research institute have been completed, potentially allowing health authorities to start a mass vaccination campaign in October, <a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-russia-vaccine\/russia-preparing-mass-vaccination-against-coronavirus-for-october-idUSKBN24X3KO\">Reuters<\/a> reports, citing an unnamed source. The vaccine may receive regulatory approval by the end of August. Doctors and teachers would be first in line to receive the vaccine before it is made more widely accessible to the public.<\/p><p><strong>There are growing concerns that politics is taking priority in the race for a vaccine:<\/strong> Skepticism has surrounded the speed at which Russia\u2019s clinical trials have been rushed through, with leading US infectious disease expert Anthony Fauci <a href=\"https:\/\/www.bbc.com\/news\/world-europe-53621708\">expressing hopes<\/a> that Russia is \u201cactually testing the vaccine.\u201d In the US, <a href=\"https:\/\/www.nytimes.com\/2020\/08\/02\/us\/politics\/coronavirus-vaccine.html?action=click&amp;module=Top%20Stories&amp;pgtype=Homepage\">experts say<\/a> they are worried that the Trump administration will push for a vaccine to be approved before Americans go to the polls on 3 November to give his reelection bid a boost.<\/p><p><strong>Australia\u2019s second-largest state is in lockdown <\/strong>with a nighttime curfew and the military rolling out to enforce isolation orders, according to <a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-australia\/australias-victoria-state-to-impose-penalties-for-breaching-covid-19-isolation-orders-idUSKCN25005D?il=0\">Reuters<\/a>.<\/p><p><strong>GLOBAL MACRO-<\/strong><\/p><p><strong>Middle East bond binge to continue into 2021 -JPMorgan:<\/strong> The surge in sovereign bond issuances in the Middle East in the wake of the pandemic will continue into next year, JPMorgan Chase said, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-08-03\/jpmorgan-sees-virus-fallout-stoking-middle-east-deals-into-2021\">Bloomberg<\/a>. Stability brought by USD pegs, solid sovereign credit ratings, and a lack of capital controls will continue to fuel investor interest in the region, which saw USD 72 bn of bond issuance during the first six months of the year. Governments have taken to the bond markets to plug gaping holes in their finances caused by lockdowns and the crash in oil prices.<\/p><p><strong>And expect a wave of M&amp;A:<\/strong> The US investment bank is forecasting a spate of takeovers in the region, particularly in the financial, retail, real estate, and tourism sectors. \u201cAll these sectors are ripe for consolidation,\u201d said Karim Tannir, the bank\u2019s joint-senior country officer for MENA. \u201cSome of the [transactions] we will see may not have been driven by covid-19, but that is now going to accelerate consolidation.\u201d<\/p><p><strong>White House officials and US Congressional Democrats have \u201cmade some progress\u201d in<\/strong><strong> their talks on a third round of fiscal stimulus package<\/strong>, <a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-usa-congress\/white-house-congress-resume-talks-on-covid-19-bill-idUSKBN24Z1PU?il=0\">Reuters<\/a> reports. Republicans remain opposed to renewing the crucial USD 600 per week unemployment benefits, which expired on Friday, saying the payouts are discouraging citizens to go back to work. US President Donald Trump is now \u201cseriously considering\u201d issuing executive orders to suspend or defer the collection of payroll taxes.<\/p><p><strong>Manufacturing activity in China surged last month at its fastest pace in nine years<\/strong> in the latest sign that the world\u2019s second-largest economy is mounting a strong recovery after its lockdown earlier this year, according to <a href=\"https:\/\/www.caixinglobal.com\/2020-08-03\/caixin-china-manufacturing-pmi-rises-amid-recovery-in-output-orders-101587305.html\">latest PMI figures<\/a>.<\/p><p><strong>LNG markets continued to contract for the third consecutive month in July<\/strong>, marking a record 9.4% y-o-y decrease in fuel exports \u2014 the steepest slump since 2017, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-08-03\/global-lng-exports-shrink-a-third-month-as-virus-slashes-demand?sref=mmeFTDW1\">Bloomberg<\/a> reports. Weak global demand for liquified natural gas spells financing trouble for export projects that had set sights on the rapid expansion in LNG markets before covid took hold, the business information service notes.<\/p><p><strong>HSBC profits fell 96% in 2Q2020 as losses from non-performing loans reached<\/strong><strong> USD 3.8 bn<\/strong>, disappointing CEO Ewen Stevenson\u2019s expectations of a \u201cmuch sharper V-shaped\u201d recovery, <a href=\"https:\/\/www.ft.com\/content\/8b3fc948-9056-4c7e-a236-562d972b40bb\">the Financial Times<\/a> reports. The bank has readjusted its expectations for the year to account for anticipated weaker performance, setting aside some USD 8-13 bn for non-performing loans.<\/p><p><strong>AND THE REST OF THE WORLD- <\/strong><\/p><p><strong>Under-fire Emirates REIT hires Houlihan Lokey ahead of regulatory probe:<\/strong> Nasdaq Dubai-listed Emirates REIT has tapped investment bank Houlihan Lokey to advise it on its \u201cstrategic options\u201d and \u201coperational structure,\u201d the fund announced in <a href=\"https:\/\/www.reit.ae\/pageFileC\/investor-relations\/2020-08-03_-_Emirate_REIT_-_Announcement_-_Appointment_of_Strategic_Adviser.pdf?expiry=1\">a statement (pdf)<\/a>. The Dubai Financial Services Authority <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/918eead0-f30d-4846-8203-db028f4173cb\">said last month<\/a> that it would investigate the fund\u2019s owner, Equitativa, on \u201cmatters connected to the management,\u201d a week after <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c91b2be4-e5fb-4204-a703-765a565b8b37\">shareholders accused it<\/a> of misrepresenting its market value to investors.<\/p><p><strong>The UAE inaugurated the Arab world\u2019s first nuclear power plant<\/strong> on Saturday, making it one of the some 30 countries with nuclear capabilities, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-08-01\/uae-starts-operation-of-arab-world-s-first-nuclear-power-reactor\">Bloomberg<\/a> reports. The country plans to have four nuclear reactors online by 2023, producing a fifth of its electricity needs. The launch <a href=\"https:\/\/www.nytimes.com\/2020\/08\/01\/world\/middleeast\/uae-nuclear-Barakah.html\">sees the New York Times with its knickers in a knot<\/a> because, you know, only Westerners can be trusted with nuclear power programs: \u201cThe launch is raising concerns about the growing number of nuclear programs in the volatile Middle East,\u201d the Grey Lady helpfully notes, wringing its hands.<\/p><p><strong>Microsoft perseveres with talks to buy TikTok after Trump vows US ban:<\/strong> Microsoft is pushing ahead with talks that could see it acquire Chinese video-sharing app TikTok after talks between CEO Satya Nadella and President Donald Trump, the company <a href=\"https:\/\/blogs.microsoft.com\/blog\/2020\/08\/02\/microsoft-to-continue-discussions-on-potential-tiktok-purchase-in-the-united-states\/\">said yesterday<\/a>. The tech giant vowed to wrap up negotiations to buy the company\u2019s US operations by the middle of September, and promised to conduct a security review and detail the \u201cproper economic benefits\u201d to the government.<\/p><p><strong>What\u2019s a little extortion between friends? <\/strong>The US government has been threatening to ban the app, citing security concerns, and <a href=\"https:\/\/www.wsj.com\/articles\/trump-says-u-s-should-get-slice-of-tiktok-sale-price-11596479818?mod=hp_lead_pos1\">King Cheeto wants a cut<\/a> of the sale price if a transaction goes through.<\/p><p><strong>ELSEWHERE ON PLANET TECH: <\/strong>A Chinese patent troll is trying to <a href=\"https:\/\/uk.reuters.com\/article\/us-apple-china-patent-suit-idUKKBN24Z146\">prevent<\/a> <strong>Apple<\/strong> from selling in China anything that has Siri in it. <strong>Facebook <\/strong><a href=\"https:\/\/www.axios.com\/facebook-hate-speech-boycott-had-little-effect-on-revenue-15984194-124e-41e0-821b-cc3a1b29e28d.html\">smashed<\/a> second-quarter <a href=\"https:\/\/www.cnbc.com\/2020\/07\/30\/facebook-fb-earnings-q2-2020.html\">earnings<\/a> expectations despite an ongoing <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/59d139c7-4d1a-4857-9a80-39c4e913ac77\">ad boycott<\/a> over the platform\u2019s role promoting hate speech. <strong>SpaceX <\/strong><a href=\"https:\/\/www.nasa.gov\/press-release\/nasa-astronauts-safely-splash-down-after-first-commercial-crew-flight-to-space-station\">returned<\/a> two astronauts to Earth in a splashdown in the Gulf of Mexico on Sunday following a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5337c61c-cc19-4ede-a95d-02700eccae6d\">historic two-month mission<\/a> to the International Space Station. Watch the landing here (<a href=\"https:\/\/www.youtube.com\/watch?v=13OkD0C_TWU\">runtime: 06:07:28<\/a>).<\/p><p class=\"web-image stand-out-borderless\"><a href=\"https:\/\/somabay.com\/\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/somabay-aug1-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/a>Allow yourself the chance to recharge your inner batteries. Change your focus, energy, and take control. Reconnect with your inner self and let the renovation begin.<\/p><hr class=\"grey-line\"><p><strong>Two Egyptian women named among Forbes\u2019 2020 most powerful<\/strong> <strong>women behind Mideast online brands:<\/strong> Abeer El Sisi, one of the co-founders of AI personal assistant startup <a href=\"https:\/\/www.elvesapp.com\/\">Elves<\/a>, and Ghada El Tannawi, who founded online gown rental platform <a href=\"https:\/\/www.lareinagowns.com\/\">La Reina<\/a>, have been named by <a href=\"https:\/\/www.forbesmiddleeast.com\/ar\/innovation\/technology\/10-of-the-most-successful-female-tech-entrepreneurs-behind-homegrown-brands-in-the-middle-east\">Forbes<\/a> two of the most influential women behind online brands in the Middle East this year.<\/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 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decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240922.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.hsbc.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27489.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Opening up a world of opportunity<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-mef5qrn\" data-v=\"4\" data-block-id=\"mef5qrn\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-mef5qrn-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-mef5qrn-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240923.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/efghldg.com\/en\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27488.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Realize More<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-j7dmtu4\" data-v=\"4\" data-block-id=\"j7dmtu4\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-j7dmtu4-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-j7dmtu4-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240924.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.sodic.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27487.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Live More<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-1pjfrae\" data-v=\"4\" data-block-id=\"1pjfrae\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-1pjfrae-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-1pjfrae-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240925.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/weareinfinity.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/27483.png?fit=300%2C300&#038;ssl=1\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Powering with nature<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            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class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/04\/573377\/\">\r\n                                                    <\/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\/08\/04\/573377\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img 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href=\"https:\/\/x.com\/intent\/post?text=&url=https:\/\/enterpriseam.com\/egypt\/2020\/08\/04\/573377\/\">\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\/08\/04\/573377\/&title=\">\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=+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F08%2F04%2F573377%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\/08\/04\/573377\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573377\" class=\"content-area-description single-story post-573377 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Nothing to see here, folks.<\/strong> The nation\u2019s airwaves had absolutely nothing to offer us last night as the talking heads continued to enjoy their Eid holidays. Expect a relatively quiet month on the talk show front as Lamees El Hadidi and Amr Adib take their annual hiatus.<\/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<section id=\"573378\" 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=\"573378\">\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\/08\/04\/egypt-was-the-top-destination-for-fdi-in-the-arab-world-between-2015-and-2020\/\">\r\n                            Egypt was the top destination for FDI in the Arab world between 2015 and 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\/08\/04\/egypt-was-the-top-destination-for-fdi-in-the-arab-world-between-2015-and-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\/08\/04\/egypt-was-the-top-destination-for-fdi-in-the-arab-world-between-2015-and-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\/08\/04\/egypt-was-the-top-destination-for-fdi-in-the-arab-world-between-2015-and-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 was the top destination for FDI in the Arab world between 2015 and 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/08\/04\/egypt-was-the-top-destination-for-fdi-in-the-arab-world-between-2015-and-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\/08\/04\/egypt-was-the-top-destination-for-fdi-in-the-arab-world-between-2015-and-2020\/&title=Egypt was the top destination for FDI in the Arab world between 2015 and 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+was+the+top+destination+for+FDI+in+the+Arab+world+between+2015+and+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F08%2F04%2Fegypt-was-the-top-destination-for-fdi-in-the-arab-world-between-2015-and-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\/08\/04\/egypt-was-the-top-destination-for-fdi-in-the-arab-world-between-2015-and-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/8.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"573379\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/04\/egypt-was-the-top-destination-for-fdi-in-the-arab-world-between-2015-and-2020\/8-jpg-16\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/8.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"8.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/8.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/8.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573378\" class=\"content-area-description single-story post-573378 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round tag-arab-investment-and-export-credit-guarantee-company tag-enterpriseam tag-fdi tag-investment-watch tag-saudi-arabia tag-speed-round tag-uae 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>Egypt <\/strong><strong>was the top destination for FDI in the Arab world in the past half decade, <\/strong><strong>attracting USD 124.5 bn-worth of project commitments<\/strong> between January 2015 and December 2019, the Arab Investment and Export Credit Guarantee Corporation (Dhaman) said in <a href=\"http:\/\/dhaman.net\/ar\/wp-content\/uploads\/sites\/2\/2020\/07\/I2-2020.pdf\">a report (pdf)<\/a>. The country accounted for 35.2% of the USD 340 bn invested in the region throughout the period. In total, 476 new projects, or 10.9% of total foreign projects in the Arab world, were launched in Egypt during those five years.<\/p>\n<p><strong>Egypt, the UAE, and Saudi Arabia snatched up to 65.4% of total FDI inflows into the region in 1Q2020<\/strong> with investments of USD 11.2 bn. FDI inflows during the quarter fell 27.2% y-o-y in value terms and 30% by the number of new projects, according to Dhaman. Japan, the US, France, Philippines, Belgium, Saudi, Germany, Bahrain, China, and India were the top 10 countries committing FDI to the Arab region.<\/p>\n<p><strong>Dhaman had previously put the 2019 figure for Egypt-bound FDI at USD 13.7 bn<\/strong>, also topping the charts in terms of value, we noted <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8796d71b-28e6-4830-8bc3-84afadb6a956\">last month<\/a>. The Kuwait-based agency said at the time that the UAE topped the 2019 charts in terms of the number of projects, followed by Egypt and Saudi Arabia. According to the more recent report, the three countries remained on top in terms of the number of projects between 2015 and 2020. Dhaman also recently said that Egypt led the pack, and by a significant margin, when it came to real estate FDI.<\/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\/arab-investment-and-export-credit-guarantee-company\/\">Arab Investment and Export Credit Guarantee Company<\/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\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/speed-round\/\">SPEED ROUND<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/uae\/\">UAE<\/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=\"573396\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"573397\" 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=\"573397\">\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\/08\/04\/em-portfolio-inflows-fall-m-o-m-in-july-but-equity-debt-flows-are-continuing-to-recover-iif\/\">\r\n                            EM portfolio inflows fall m-o-m in July, but equity + debt flows are continuing to recover -IIF                        <\/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\/08\/04\/em-portfolio-inflows-fall-m-o-m-in-july-but-equity-debt-flows-are-continuing-to-recover-iif\/\" 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\/08\/04\/em-portfolio-inflows-fall-m-o-m-in-july-but-equity-debt-flows-are-continuing-to-recover-iif\/')\">\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\/08\/04\/em-portfolio-inflows-fall-m-o-m-in-july-but-equity-debt-flows-are-continuing-to-recover-iif\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=EM portfolio inflows fall m-o-m in July, but equity + debt flows are continuing to recover -IIF&url=https:\/\/enterpriseam.com\/egypt\/2020\/08\/04\/em-portfolio-inflows-fall-m-o-m-in-july-but-equity-debt-flows-are-continuing-to-recover-iif\/\">\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\/08\/04\/em-portfolio-inflows-fall-m-o-m-in-july-but-equity-debt-flows-are-continuing-to-recover-iif\/&title=EM portfolio inflows fall m-o-m in July, but equity + debt flows are continuing to recover -IIF\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=EM+portfolio+inflows+fall+m-o-m+in+July%2C+but+equity+%2B+debt+flows+are+continuing+to+recover+-IIF+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F08%2F04%2Fem-portfolio-inflows-fall-m-o-m-in-july-but-equity-debt-flows-are-continuing-to-recover-iif%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\/08\/04\/em-portfolio-inflows-fall-m-o-m-in-july-but-equity-debt-flows-are-continuing-to-recover-iif\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/15.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"573398\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/04\/em-portfolio-inflows-fall-m-o-m-in-july-but-equity-debt-flows-are-continuing-to-recover-iif\/15-jpg-20\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/15.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"15.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/15.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/15.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573397\" class=\"content-area-description single-story post-573397 post type-post status-publish format-standard has-post-thumbnail hentry category-the-macro-picture tag-debt tag-emerging-markets tag-enterpriseam tag-institute-of-international-finance tag-portfolio-investment tag-the-macro-picture wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>Net emerging markets portfolio inflows nearly halved in July to USD 15.1 bn<\/strong> from USD 29.2 bn in June, according to the Institute of International Finance\u2019s (IIF) monthly capital flows tracker. The m-o-m decline comes as \u201chard data are still lagging behind\u201d a recovery in investors\u2019 sentiment on the outlook for EMs, the IIF says.<\/p>\n<p><strong>On the flipside, equity and debt flows continued to recover, posting a positive performance for the second consecutive month.<\/strong> Equity flows to EMs excluding China during July hit USD 2.3 bn, while debt flows were at USD 13.2 bn. According to the report, the positive performance came as \u201cinvestor appetite [was] underpinned by a falling USD and an accommodative Federal Reserve\u201d but the \u201cdim\u201d outlook for global economic growth and persistent concerns about fresh outbreaks of covid-19 weighed on performance.<\/p>\n<p><strong>Sovereign debt issuances are also showing a \u201cshift in sentiment\u201d as many EMs show \u201cdeeply discounted valuations\u201d and attractive maturities.<\/strong> The IIF also says that \u201csome of the more beaten down parts of the capital markets\u201d are now picking themselves back up, and investors are keeping an eye on the sustainability of the upwards trend.<\/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\/emerging-markets\/\">emerging markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/institute-of-international-finance\/\">Institute of International Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/portfolio-investment\/\">portfolio investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-macro-picture\/\">THE MACRO PICTURE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"573399\" 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=\"573399\">\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\/08\/04\/egypt-in-the-news-on-4-august-2020\/\">\r\n                            Egypt in the News on 4 August 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\/08\/04\/egypt-in-the-news-on-4-august-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\/08\/04\/egypt-in-the-news-on-4-august-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\/08\/04\/egypt-in-the-news-on-4-august-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 4 August 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/08\/04\/egypt-in-the-news-on-4-august-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\/08\/04\/egypt-in-the-news-on-4-august-2020\/&title=Egypt in the News on 4 August 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+4+August+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F08%2F04%2Fegypt-in-the-news-on-4-august-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\/08\/04\/egypt-in-the-news-on-4-august-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573399\" class=\"content-area-description single-story post-573399 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-metoo tag-abdel-fattah-el-sisi tag-ancient-egypt tag-diplomacy tag-egypt-in-the-news tag-elon-musk tag-enterpriseam tag-ethiopia tag-gerd tag-libya tag-politics tag-rania-al-mashat tag-sexual-harassment tag-spacex tag-tiktok tag-zahi-hawass wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Elon Musk\u2019s tweet claiming that Egypt\u2019s pyramids were built by aliens is all <\/strong><strong>over the foreign press this morning<\/strong> after International Cooperation Minister Rania Al Mashat <a href=\"https:\/\/twitter.com\/RaniaAlMashat\/status\/1289458032913420288\">invited Musk<\/a> and SpaceX \u201cto explore the writings about how the pyramids were built and also to check out the tombs of the pyramid builders.\u201d Egyptian archaeologist Zahi Hawass also jumped on the anti-alien train, calling the argument a \u201ccomplete hallucination\u201d (<a href=\"https:\/\/www.instagram.com\/p\/CDWG2cDBHHe\/\">watch, runtime: 01:08<\/a>). Picking up the story: <a href=\"https:\/\/www.bbc.com\/news\/world-africa-53627888\">BBC<\/a> | <a href=\"https:\/\/www.dailymail.co.uk\/news\/article-8585573\/Egypt-invites-Elon-Musk-Great-Pyramids-tweeted-built-aliens-obviously.html\">The Daily Mail<\/a> | <a href=\"https:\/\/www.telegraph.co.uk\/news\/2020\/08\/02\/egypt-invites-elon-musk-pyramids-prove-not-built-aliens\/\">The Telegraph<\/a> | <a href=\"https:\/\/www.independent.co.uk\/news\/world\/americas\/elon-musk-aliens-twitter-pyramids-egypt-invite-conspiracy-theory-spacex-tesla-latest-a9650601.html\">The Independent<\/a> | <a href=\"https:\/\/www.standard.co.uk\/news\/world\/elon-musk-pyramids-egypt-a4514696.html\">Evening Standard<\/a> | <a href=\"https:\/\/www.arabnews.com\/node\/1713646\/offbeat\">Arab News<\/a> | <a href=\"https:\/\/sputniknews.com\/viral\/202008021080040813-twitter-in-discussions-as-elon-musk-receives-invitation-to-visit-egypt-to-check-out-tombs\/\">Sputnik News<\/a> | <a href=\"https:\/\/www.voanews.com\/science-health\/egypt-fact-checks-elon-musk-who-really-built-pyramids\">VOA News<\/a>.<\/p>\n<p><strong>Egypt\u2019s so-called #MeToo movement is also still turning heads: <\/strong><a href=\"https:\/\/www.washingtonpost.com\/world\/middle_east\/egypts-women-are-rising-up-against-sexual-violence-others-are-still-being-jailed-for-tiktoks\/2020\/07\/30\/8514c3ba-c78e-11ea-a9d3-74640f25b953_story.html\">The Washington<\/a><a href=\"https:\/\/www.washingtonpost.com\/world\/middle_east\/egypts-women-are-rising-up-against-sexual-violence-others-are-still-being-jailed-for-tiktoks\/2020\/07\/30\/8514c3ba-c78e-11ea-a9d3-74640f25b953_story.html\">Post<\/a>asks whether victims from elite backgrounds are more able to press for accountability in a climate where [redacted] harassment is widespread and often goes unpunished. Meanwhile, the sentencing of five women to two years in prison for <strong>\u201cinciting debauchery and immorality\u201d on TikTok<\/strong> earned more digital ink in <a href=\"https:\/\/www.dw.com\/en\/egyptian-tiktok-stars-jailed\/a-54371869\">Deutsche Welle<\/a>, the <a href=\"https:\/\/www.independent.co.uk\/voices\/tiktok-egypt-women-prison-fines-president-sisi-human-rights-a9646401.html\">Independent<\/a> and the <a href=\"https:\/\/www.nytimes.com\/2020\/07\/28\/world\/middleeast\/egypt-women-tiktok-prison.html\">New York Times<\/a>.<\/p>\n<p><strong>The demolition of tombs in the City of the Dead to make room for two new <\/strong><strong>highways <\/strong>has met with alarm by architects and conservationists. <a href=\"https:\/\/apnews.com\/84ee2452c9ce7d747958f9d73626df15\">AP<\/a>, <a href=\"https:\/\/gulfnews.com\/photos\/news\/why-is-egypt-building-two-new-highways-through-cairos-city-of-the-dead-1.1596182006591?slide=1\">AFP<\/a> and <a href=\"https:\/\/www.al-monitor.com\/pulse\/originals\/2020\/07\/egypt-cairo-islamic-heritage-graves-destruction-road-project.html\">Al Monitor<\/a> all have the story.<\/p>\n<p><strong>Egypt authorizing military support for Libya\u2019s Khalifa Haftar is meant to prevent <\/strong><strong>our western neighbor from becoming a militant hotspot<\/strong>, particularly as the Armed Forces continue to battle Daeshbags in North Sinai, Mirette Mabrouk, the director of the Egypt Program at the Middle East Institute, told <a href=\"https:\/\/www.voanews.com\/extremism-watch\/fear-instability-behind-egypts-readiness-send-troops-libya-experts-say\">VOA<\/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\/metoo\/\">#MeToo<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/ancient-egypt\/\">Ancient Egypt<\/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\/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\/elon-musk\/\">Elon Musk<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ethiopia\/\">Ethiopia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gerd\/\">GERD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/rania-al-mashat\/\">Rania Al Mashat<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sexual-harassment\/\">sexual harassment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/spacex\/\">SpaceX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tiktok\/\">Tiktok<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/zahi-hawass\/\">Zahi Hawass<\/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=\"573400\" 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=\"573400\">\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\/08\/04\/diplomacy-foreign-trade-on-4-august-2020\/\">\r\n                            Diplomacy + Foreign Trade on 4 August 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\/08\/04\/diplomacy-foreign-trade-on-4-august-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\/08\/04\/diplomacy-foreign-trade-on-4-august-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\/08\/04\/diplomacy-foreign-trade-on-4-august-2020\/\">\n                    Facebook              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<\/a>\r\n\r\n                \n<article id=\"post-573400\" class=\"content-area-description single-story post-573400 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-algeria tag-cyprus tag-diplomacy tag-diplomacy-foreign-trade tag-enterpriseam tag-oil-and-gas tag-sameh-shoukry tag-turkey wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Egypt, Ethiopia, and Sudan have restarted technical talks to hash out the<\/strong><strong> remaining sticking points<\/strong> during the second meeting of a new round of African Union-sponsored Grand Ethiopain Renaissance Dam (GERD) negotiations, cabinet said in a <a href=\"https:\/\/bit.ly\/31jbG6y\">statement<\/a>. Technical teams are due to meet today and tomorrow and present a report to the three countries\u2019 irrigation ministers on Thursday with a focus on the immediate issues of the dam\u2019s operation and an appropriate timeline to completely fill GERD\u2019s reservoir, cabinet said while voicing objections on Ethiopia\u2019s \u201cunilateral\u201d early filling and stressing the need for an expedited agreement. <a href=\"https:\/\/www.yahoo.com\/news\/egypts-sisi-says-nile-dam-saga-drag-141323541.html\">AFP<\/a>, the <a href=\"https:\/\/news.yahoo.com\/nile-dam-row-egypt-fumes-233441375.html\">BBC<\/a>, and <a href=\"https:\/\/apnews.com\/1943f8f648739b3adb9a49bd9ff03cbf\">the Associated Press<\/a> also took note of the talks.<\/p>\n<p><strong>The US State Department encouraged the three countries to engage in \u201cconstructive and fruitful\u201d talks<\/strong>, saying in an emailed statement that Ethiopia is running out of time to reach an agreement, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-08-03\/u-s-says-time-running-out-for-agreement-on-disputed-nile-dam?sref=mmeFTDW1\">reports Bloomberg<\/a>. Meanwhile, thousands of Ethiopians took to the streets to celebrate the dam\u2019s construction after the country\u2019s deputy prime minister called on the public to support the government ahead of the new round of talks, <a href=\"https:\/\/www.nytimes.com\/aponline\/2020\/08\/02\/world\/africa\/ap-af-ethiopia-dam-celebration.html?searchResultPosition=3\">the Associated Press<\/a> reports.<\/p>\n<p><strong>Egypt warns Turkey over Mediterranean seismic survey:<\/strong> Turkey\u2019s planned seismic survey in the eastern Mediterranean would intrude into maritime territory claimed by Egypt, and would constitute \u201can assault\u201d on Egypt\u2019s sovereignty, the Foreign Ministry said in a <a href=\"https:\/\/bit.ly\/30n3mU1\">statement<\/a> on Saturday. <a href=\"https:\/\/www.wsj.com\/articles\/gas-finds-trigger-a-standoff-in-the-mediterranean-between-an-isolated-turkey-and-rivals-11596387600\">Germany persuaded<\/a> Ankara last week to suspend the survey on fears of an armed confrontation with Greece, with which it is locked in a dispute over maritime territory. Turkey has said it will halt its plans <a href=\"https:\/\/www.spglobal.com\/platts\/en\/market-insights\/latest-news\/natural-gas\/072920-turkey-suspends-seismic-survey-of-maritime-region-claimed-by-greece\">\u201cfor a while\u201d<\/a>, and promised to enter talks with Athens \u201cwithout pre-condition.\u201d<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/algeria\/\">Algeria<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cyprus\/\">Cyprus<\/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\/oil-and-gas\/\">oil and gas<\/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\/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=\"573401\" 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=\"573401\">\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\">Health + Education<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/04\/egypt-ranks-42-in-us-news-education-ranking\/\">\r\n                            Egypt ranks 42 in US News education ranking                        <\/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\/08\/04\/egypt-ranks-42-in-us-news-education-ranking\/\" 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\/08\/04\/egypt-ranks-42-in-us-news-education-ranking\/')\">\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\/08\/04\/egypt-ranks-42-in-us-news-education-ranking\/\">\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 ranks 42 in US News education ranking&url=https:\/\/enterpriseam.com\/egypt\/2020\/08\/04\/egypt-ranks-42-in-us-news-education-ranking\/\">\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\/08\/04\/egypt-ranks-42-in-us-news-education-ranking\/&title=Egypt ranks 42 in US News education ranking\">\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+ranks+42+in+US+News+education+ranking+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F08%2F04%2Fegypt-ranks-42-in-us-news-education-ranking%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\/08\/04\/egypt-ranks-42-in-us-news-education-ranking\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573401\" class=\"content-area-description single-story post-573401 post type-post status-publish format-standard hentry category-health-education tag-education tag-enterpriseam tag-health-education wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Egypt jumped nine places in US News\u2019 global ranking for <a href=\"https:\/\/www.usnews.com\/news\/best-countries\/best-education\">quality of education<\/a>, coming in at 42 and cracking into the list of the 80 best education systems in the world, according to a <a href=\"https:\/\/bit.ly\/2Po33SA\">cabinet statement<\/a>. Six Egyptian universities were also ranked in the top 1k of the <a href=\"https:\/\/www.usnews.com\/education\/best-global-universities\/rankings\">best global universities category<\/a> with the first being Cairo University ranking at 434.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/health-education\/\">Health + Education<\/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=\"573402\" 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=\"573402\">\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\">Automotive + Transportation<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/04\/38-new-trains-begin-operating\/\">\r\n                            38 new trains begin operating                        <\/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\/08\/04\/38-new-trains-begin-operating\/\" 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\/08\/04\/38-new-trains-begin-operating\/')\">\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\/08\/04\/38-new-trains-begin-operating\/\">\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=38 new trains begin operating&url=https:\/\/enterpriseam.com\/egypt\/2020\/08\/04\/38-new-trains-begin-operating\/\">\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\/08\/04\/38-new-trains-begin-operating\/&title=38 new trains begin operating\">\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=38+new+trains+begin+operating+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F08%2F04%2F38-new-trains-begin-operating%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\/08\/04\/38-new-trains-begin-operating\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573402\" class=\"content-area-description single-story post-573402 post type-post status-publish format-standard hentry category-automotive-transportation tag-automotive-transportation tag-enterpriseam tag-transmashholding tag-transport tag-transport-ministry wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The Transport Ministry began operating 38 new trains last weekend as part of its ongoing plans to refurbish the country\u2019s railway system, the cabinet said in a <a href=\"https:\/\/bit.ly\/3hXw2cp\">statement<\/a>. Tickets for the new trains will be sold at a higher price than existing trains. The National Railways Authority is expecting a EGP 300 mn profit from the new lines by the end of 2020 that will increase to EGP 1 bn when Russia\u2019s Transmashholding delivers all 1.3k trains, <a href=\"https:\/\/bit.ly\/3fhEtgT\">Al Mal<\/a> reported, citing an unnamed source from the authority.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/automotive-transportation\/\">Automotive + Transportation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/transmashholding\/\">Transmashholding<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/transport\/\">transport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/transport-ministry\/\">Transport Ministry<\/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=\"573403\" 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=\"573403\">\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\">Other Business News of Note<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/04\/trade-ministry-grants-intellectual-property-rights-unit-greater-oversight\/\">\r\n                            Trade Ministry grants intellectual property rights unit greater oversight                        <\/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\/08\/04\/trade-ministry-grants-intellectual-property-rights-unit-greater-oversight\/\" 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\/08\/04\/trade-ministry-grants-intellectual-property-rights-unit-greater-oversight\/')\">\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\/08\/04\/trade-ministry-grants-intellectual-property-rights-unit-greater-oversight\/\">\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=Trade Ministry grants intellectual property rights unit greater oversight&url=https:\/\/enterpriseam.com\/egypt\/2020\/08\/04\/trade-ministry-grants-intellectual-property-rights-unit-greater-oversight\/\">\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\/08\/04\/trade-ministry-grants-intellectual-property-rights-unit-greater-oversight\/&title=Trade Ministry grants intellectual property rights unit greater oversight\">\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=Trade+Ministry+grants+intellectual+property+rights+unit+greater+oversight+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F08%2F04%2Ftrade-ministry-grants-intellectual-property-rights-unit-greater-oversight%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\/08\/04\/trade-ministry-grants-intellectual-property-rights-unit-greater-oversight\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573403\" class=\"content-area-description single-story post-573403 post type-post status-publish format-standard hentry category-other-business-news-of-note tag-enterpriseam tag-intellectual-property tag-other-business-news-of-note tag-trade-and-industry-ministry wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Trade Minister Nevine Gamea issued a decision to restructure its intellectual property rights unit to allow for greater oversight and monitoring, as well as increased cooperation and information sharing with international bodies on matters of copyright infringement and intellectual property disputes, according to a <a href=\"https:\/\/bit.ly\/30muC5i\">statement<\/a>. The decision will see the authority\u2019s board composed of representatives of the ministries of higher education, scientific research, trade, culture, information technology, agriculture, industry, finance, and interior..<\/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\/intellectual-property\/\">intellectual property<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/other-business-news-of-note\/\">Other Business News of Note<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/trade-and-industry-ministry\/\">Trade and Industry Ministry<\/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=\"573405\" 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=\"573405\">\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\">National Security<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/04\/egypt-to-receive-five-russian-fighters-as-part-of-usd-2-bn-agreement\/\">\r\n                            Egypt to receive five Russian fighters as part of USD 2 bn agreement                        <\/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\/08\/04\/egypt-to-receive-five-russian-fighters-as-part-of-usd-2-bn-agreement\/\" 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\/08\/04\/egypt-to-receive-five-russian-fighters-as-part-of-usd-2-bn-agreement\/')\">\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\/08\/04\/egypt-to-receive-five-russian-fighters-as-part-of-usd-2-bn-agreement\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt to receive five Russian fighters as part of USD 2 bn agreement&url=https:\/\/enterpriseam.com\/egypt\/2020\/08\/04\/egypt-to-receive-five-russian-fighters-as-part-of-usd-2-bn-agreement\/\">\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\/08\/04\/egypt-to-receive-five-russian-fighters-as-part-of-usd-2-bn-agreement\/&title=Egypt to receive five Russian fighters as part of USD 2 bn agreement\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+to+receive+five+Russian+fighters+as+part+of+USD+2+bn+agreement+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F08%2F04%2Fegypt-to-receive-five-russian-fighters-as-part-of-usd-2-bn-agreement%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\/08\/04\/egypt-to-receive-five-russian-fighters-as-part-of-usd-2-bn-agreement\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573405\" class=\"content-area-description single-story post-573405 post type-post status-publish format-standard hentry category-national-security tag-diplomacy tag-enterpriseam tag-national-security tag-politics tag-russia wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The Armed Forces are reportedly due to receive soon five Russian Su-35 air superiority fighters in the first such purchase for Egypt, <a href=\"https:\/\/bit.ly\/2Xp2Lzw\">RT Arabic reports<\/a>, quoting unnamed military officials. Egypt ordered in <a href=\"https:\/\/enterprise.press\/stories\/2019\/03\/19\/egypt-orders-upward-of-20-russian-fighter-jets-in-usd-2-bn-agreement\/\">March 2019<\/a> upward of 20 Su-35 Sukhoi-made aircraft under a USD 2 bn agreement, over which US officials threatened sanctions last November.<\/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\/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\/russia\/\">Russia<\/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=\"573406\" 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=\"573406\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/04\/egypt-ranks-16-in-the-world-for-time-spent-on-social-media\/\">\r\n                            Egypt ranks #16 in the world for time spent on social media                        <\/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\/08\/04\/egypt-ranks-16-in-the-world-for-time-spent-on-social-media\/\" 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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Egypt also landed in the 42nd position in the ratio of social media users to the total population with 42% of Egyptians using the platforms.<\/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\/facebook\/\">Facebook<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/instagram\/\">Instagram<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/social-media\/\">social media<\/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=\"573409\" 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=\"573409\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/04\/the-market-yesterday-139\/\">\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\/08\/04\/the-market-yesterday-139\/\" 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\/08\/04\/the-market-yesterday-139\/')\">\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\/08\/04\/the-market-yesterday-139\/\">\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\/08\/04\/the-market-yesterday-139\/\">\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\/08\/04\/the-market-yesterday-139\/&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%2F08%2F04%2Fthe-market-yesterday-139%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\/08\/04\/the-market-yesterday-139\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573409\" class=\"content-area-description single-story post-573409 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> (Wednesday): 10,599 (+0.3%)<br \/>\n <strong>Turnover:<\/strong> EGP 1.0 bn (6% above the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: -24.1%<\/p>\n<p><strong>THE MARKET ON WEDNESDAY:<\/strong> The EGX30 ended Wednesday\u2019s session up 0.3%. CIB, the index\u2019s heaviest constituent, ended down 0.2%. EGX30\u2019s top performing constituents were Orascom Investment holding up 6.6%, Orascom Development up 5.4%, and Kima up 5.2%. Wednesday\u2019s worst performing stocks were EFG Hermes down 2.8%, CIB down 0.2% and Cleopatra Hospital down 0.2%. The market turnover was EGP 1.0 bn, and regional investors were the sole net buyers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Short | EGP -4.2 mn<br \/>\n <strong>Regional<\/strong>: Net Long | EGP +234.6 mn<br \/>\n <strong>Domestic<\/strong>: Net Short | EGP -230.4 mn<\/p>\n<p><strong>Retail<\/strong>: 38.3% of total trades | 30.6% of buyers | 46.1% of sellers<br \/>\n <strong>Institutions<\/strong>: 61.7% of total trades | 69.4% of buyers | 53.9% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 40.77 (+1.24%)<br \/>\n <strong>Brent:<\/strong> USD 43.88 (+0.83%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 2.10 MMBtu, (+16.62%, September 2020 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,993.00 \/ troy ounce (+0.36%)<\/p>\n<p><strong>TASI:<\/strong> 7,459.21 (+0.05%) (YTD: -11.09%)<br \/>\n <strong>ADX:<\/strong> 4,324.14 (+0.45%) (YTD: -14.81%)<br \/>\n <strong>DFM:<\/strong> 2,065.32 (+0.71%) (YTD: -25.30%)<br \/>\n <strong>KSE Premier Market:<\/strong> 5,415.27 (-1.34%)<br \/>\n <strong>QE:<\/strong> 9,368.17 (-0.04%) (YTD: -10.14%)<br \/>\n <strong>MSM:<\/strong> 3,568.10 (+0.28%) (YTD: -10.38%)<br \/>\n <strong>BB: <\/strong>1,290.57 (+0.11%) (YTD: -19.85%)<\/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=\"573410\" 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\/08\/04\/573410\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573410\" class=\"content-area-description single-story post-573410 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>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>16 September (Wednesday): The last day for the final results of the senate elections to be announced.<\/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":573374,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-573373","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"b9069465-892b-45e8-a034-6679a8a0b54a","teaser":"","photo_url":"https:\/\/ent.news\/2020\/8\/7.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Welcome to August: A month of elections and \u2026 lots of M&amp;A news? 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