{"id":573459,"date":"2020-08-06T04:03:12","date_gmt":"2020-08-06T04:03:12","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=573459"},"modified":"2025-12-16T09:09:21","modified_gmt":"2025-12-16T09:09:21","slug":"july-was-good-for-business-as-egypt-as-lockdown-measures-ended","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/july-was-good-for-business-as-egypt-as-lockdown-measures-ended\/","title":{"rendered":"July was good for business as Egypt as lockdown measures ended"},"content":{"rendered":"<section id=\"573461\" 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=\"573461\">\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\/06\/what-were-tracking-on-6-august-2020\/\">\r\n                            What we\u2019re tracking on 6 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\/06\/what-were-tracking-on-6-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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More than 5,000 others were injured in the Tuesday blast, which initial reports suggest was caused by a fire that broke out from welding work at the port.<\/p>\n<p><strong>The explosion is estimated to have caused losses worth USD 15 bn<\/strong>, Beirut Governor Marwan Abboud said. Lebanon has already been facing a severe financial crisis over the past several months.<\/p>\n<p><strong>As many as 300k people are believed to be homeless <\/strong>or living in homes that have experienced significant structural damage. <strong>The story leads the front pages of the global business press for a second day in a row<\/strong>, topping the <a href=\"https:\/\/www.nytimes.com\/2020\/08\/05\/world\/middleeast\/beirut-explosion-lebanon.html\">New York Times<\/a> | <a href=\"https:\/\/www.ft.com\/content\/7b3933c3-8220-453f-a151-ba0b4fb85307\">Financial Times<\/a> | <a href=\"https:\/\/www.wsj.com\/articles\/beirut-explosion-brings-lebanon-to-the-brink-11596663015\">Wall Street Journal<\/a> | <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-08-05\/beirut-blast-blamed-on-chemical-cargo-removed-from-ship-in-2014?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg<\/a>.<\/p>\n<p><strong>Three Egyptian nationals are among the dead<\/strong>, according to statements from the Egyptian embassy in Lebanon (<a href=\"https:\/\/bit.ly\/2PrrTRJ\">here<\/a>, <a href=\"https:\/\/bit.ly\/30tetuW\">here<\/a>, and <a href=\"https:\/\/bit.ly\/2XuNEVl\">here<\/a>). Cairo is sending two planes loaded with medical supplies to Beirut, according to a State Information Service <a href=\"https:\/\/bit.ly\/30t7J06\">statement<\/a>. Egypt\u2019s Medical Syndicate could also be <a href=\"https:\/\/bit.ly\/3gwaWBH\">sending Egyptian doctors<\/a> to help treat the victims.<\/p>\n<hr class=\"grey-line\" \/>\n<p><a id=\"tldr-story-06\" class=\"content-anchor\"><\/a> <strong>Things worth thinking about heading into the weekend:<\/strong><\/p>\n<p><strong>1- The Donald will lose this fall\u2019s election<\/strong>, claims Allan Lichtman, the historian whose \u201c13 keys\u201d system has correctly predicted the outcome of every US presidential contest since Ronald Reagan\u2019s re-election in 1984. <a href=\"https:\/\/www.nytimes.com\/2020\/08\/05\/opinion\/2020-election-prediction-allan-lichtman.html\">You\u2019ll have to watch this short (0<\/a><a href=\"https:\/\/www.nytimes.com\/2020\/08\/05\/opinion\/2020-election-prediction-allan-lichtman.html\">7:13<\/a><a href=\"https:\/\/www.nytimes.com\/2020\/08\/05\/opinion\/2020-election-prediction-allan-lichtman.html\">) video<\/a> to get the full rundown.<\/p>\n<p><strong>2- If you\u2019re a white-collar worker, the odds are good you\u2019re working a lot more than you <\/strong><strong>need to. <\/strong>Go back a couple of years into the New Yorker\u2019s archive for a reminder that \u201conce upon a time, it was taken for granted that the wealthier classes enjoyed a life of leisure on the backs of the proletariat. Today it is people in skilled trades who can most find reasonable hours coupled with good pay,\u201d while office workers are among \u201cthose subject to humiliation and driven like beasts of burden.\u201d<\/p>\n<p><strong>Why are you working harder than your parents <\/strong>when we\u2019ve seen massive gains in productivity and women\u2019s participation in the labor force in the past half-century, so? Very probably because the \u201csystem\u201d is broken in a way that allows you or your \u201cboss\u201d to keep creating more work for yourselves. (<strong>Pro tip:<\/strong> Your \u201cboss\u201d can mean your CEO for line staff \u2014 or faceless \u201cshareholders\u201d and their demands for \u201cvalue\u201d if you\u2019re CEO). Go read: <strong><a href=\"https:\/\/www.newyorker.com\/news\/daily-comment\/you-really-dont-need-to-work-so-much?utm_campaign=likeshopme&client_service_id=31202&utm_social_type=owned&utm_brand=tny&service_user_id=1.78e+16&utm_content=instagram-bio-link&utm_source=instagram&utm_medium=social&client_service_name=thenewyorker&supported_service_name=instagram_publishing\">You really don\u2019t need to work so much.<\/a><\/strong><\/p>\n<p><strong>Maybe that\u2019s why e<\/strong><strong>liminating your daily commute hasn\u2019t made your workday shorter:<\/strong> The covid-19 workday is 48.5 minutes longer on average and has 13% more meetings and 1.4 times the number of emails that a pre-pandemic workday would have had, according to a new study published by the National Bureau of Economic Research cited by <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-08-03\/the-pandemic-workday-is-48-minutes-longer-and-has-more-meetings\">Bloomberg<\/a>. <strong>The study covered workers from North America to Europe and the Middle East<\/strong>, so don\u2019t dismiss it out of hand as being relevant only to \u2018western\u2019 markets.<\/p>\n<p><strong>3- How has lockdown changed your personality? <\/strong>More than you may imagine right now and in ways that may not already be clear, <a href=\"https:\/\/www.bbc.com\/future\/article\/20200728-how-lockdown-may-have-changed-your-personality\">the BBC argues in a must-read piece<\/a>. Even more challenging for the marrieds among us: <strong>Covid is messing up marriages<\/strong>, with <a href=\"https:\/\/www.wsj.com\/articles\/the-strain-the-covid-pandemic-is-putting-on-marriages-11596551839?mod=hp_featst_pos3\">the WSJ<\/a> warning that lockdown measures and pandemic uncertainty have \u201cproduced a pressure cooker inside homes, hurting even strong partnerships and, experts say, likely breaking others.\u201d<\/p>\n<p><strong>4- Are you an old who is newly single and ready to mingle? <\/strong>The Journal suggests that it is <strong><a href=\"https:\/\/www.wsj.com\/articles\/its-never-too-late-to-start-your-youtube-career-11596625200?mod=hp_listc_pos4\">Never too late to start your YouTube career<\/a><\/strong>, whether you\u2019re a 68-year-old fitness instructor or a 57-year-old music buff.<\/p>\n<p><strong>5- And for the tech nerds among us: Samsung is out with a new folding device<\/strong>, the Galaxy Z Fold 2 alongside its Galaxy Note 20 Ultra. The <a href=\"https:\/\/www.ft.com\/content\/bfdff536-fae7-40f0-8bbc-ca01420a59bd\">Financial Times<\/a> and <a href=\"https:\/\/www.theverge.com\/2020\/8\/5\/21353196\/samsung-galaxy-note-20-ultra-price-release-date-camera-stylus-specs\">the Verge<\/a> have the details, but for iSheep like us, we\u2019ve frankly taken a long look at this year\u2019s newly announced <a href=\"https:\/\/www.theverge.com\/2020\/8\/3\/21352032\/google-pixel-5-4a-5g-price-release-date-specs\">Google Pixel phones<\/a>, which run a clean version of Android that\u2019s functional, looks reasonable and lacks all of the crapware Samsung installs. Verge reviewer Dieter Bohn argues that <a href=\"https:\/\/www.theverge.com\/21351770\/google-pixel-4a-review-camera-specs-price\">the stripped-down Pixel 4A is a worthy bargain-priced entry<\/a>.<\/p>\n<hr class=\"grey-line\" \/>\n<p><strong>COVID-19 IN EGYPT-<\/strong><\/p>\n<p><strong>The Health Ministry <\/strong><strong><a href=\"https:\/\/bit.ly\/2EP2Aa8\">confirmed<\/a><\/strong><strong> 18 new deaths from covid-19 yesterday<\/strong>, bringing the country\u2019s total death toll to 4,930. Egypt has now disclosed a total of 94,875 confirmed cases of covid-19, after the ministry reported 123 new infections yesterday. We now have a total of 47,182 confirmed cases that have fully recovered.<\/p>\n<p><strong>Almost all hotels in Cairo, the North Coast, and Ain Sokhna are now licensed to operate <\/strong><strong>at the government-decreed 50% capacity<\/strong> and a total of 620 hotels across the country have earned the health safety certificate required to operate at the reduced capacity, Assistant Tourism Minister Abdel Fattah El Assi told <a href=\"https:\/\/bit.ly\/3iaV9bU\">Al Mal<\/a>.<\/p>\n<p><strong>Nearly 50k tourists have visited Sharm El Sheikh and Hurghada since Egypt reopened its<\/strong> <strong>airports on 1 July<\/strong>, Tourism Minister Khaled El Anany said, according to <a href=\"https:\/\/bit.ly\/2XtbVuD\">Al Mal<\/a>. <strong>The primary inbound markets: Ukraine, Belarusia, Serbia and Hungary.<\/strong> The news comes as Air Serbia resumed charter flights to Egypt, <a href=\"https:\/\/www.exyuaviation.com\/2020\/08\/air-serbia-resumes-egypt-charters.html\">EX-YU Aviation News<\/a> reports. The carrier has 16 charters scheduled for the Red Sea through the end of summer, with 15 of them Hurghada-bound.<\/p>\n<p><strong>GLOBAL MACRO-<\/strong><\/p>\n<p><strong>This ETF has more gold than most of the world\u2019s central banks:<\/strong> SPDR Gold Shares is now among the biggest owners of physical gold in the world, holding more bullion than even the Japanese and Indian central banks, <a href=\"https:\/\/www.ft.com\/content\/5316a714-6aa9-4919-ab29-96fab47cf2d4\">the Financial Times<\/a> reports. The exchange-traded fund\u2019s holdings climbed to 1,258 tonnes on Tuesday as investors continue to pile into the precious metal. Gold prices hit new record highs yesterday, rising to USD 2,053.50 \/ oz.<\/p>\n<p><strong>Investors hatch plan to reach zero emissions by 2050:<\/strong> A group of investors with USD 16 tn AUM has unveiled the world\u2019s first step-by-step plan to help pension funds meet the Paris climate targets and cut emissions to zero by 2050, <a href=\"https:\/\/www.reuters.com\/article\/us-climate-change-investors\/investors-launch-climate-plan-to-get-to-net-zero-emissions-by-2050-idUSKCN2510FF\">Reuters<\/a> reports. In a bid to encourage greener investing, the Institutional Investors Group on Climate Change has laid out specific targets for funds, such as increasing holdings in low-carbon passive indexes and putting pressure on portfolio companies to tie pay to climate-related targets.<\/p>\n<p class=\"web-image stand-out-borderless\"><a href=\"https:\/\/somabay.com\/\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/somabay-lebanon-post1-1600x1200-.jpg?ssl=1\" alt=\"enterprise\" \/><\/a><\/p>\n<p><strong>AND THE REST OF THE WORLD- <\/strong><\/p>\n<p><strong>Saudi Arabia is moving forward with its nuclear plans (with a little help from<\/strong> <strong>Beijing)<\/strong>, taking it a step closer to producing nuclear material, the <a href=\"https:\/\/www.wsj.com\/articles\/saudi-arabia-with-chinas-help-expands-its-nuclear-program-11596575671?mod=hp_lead_pos2\">Wall Street Journal<\/a> reports. Weapons-grade enrichment remains a distant prospect for Saudi, but the plant, which allows it to produce yellowcake from uranium ore, is causing concern in Washington about the kingdom\u2019s nuclear ambitions, the paper says. This comes days after the UAE inaugurated <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/12c9b225-ff78-4c1b-a96c-619116587737\">the Arab world\u2019s first nuclear power plant<\/a>.<\/p>\n<p><strong>Microsoft\u2019s acquisitio<\/strong><strong>n of TikTok could be worth between USD 10 and 30 bn, <\/strong><a href=\"https:\/\/www.cnbc.com\/2020\/08\/05\/microsoft-has-one-year-to-transfer-tiktoks-code-to-the-us.html\">CNBC\u2019s<\/a> <a href=\"https:\/\/www.cnbc.com\/2020\/08\/05\/microsoft-has-one-year-to-transfer-tiktoks-code-to-the-us.html\">David Faber<\/a> reported yesterday. If the acquisition materializes before a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/12c9b225-ff78-4c1b-a96c-619116587737\">15 September deadline<\/a>, after which it seems likely King Cheeto may ban the Chinese video-sharing app, which his administration has accused of exposing data on Americans to the Chinese government. The news comes as <strong>Instagram has <\/strong><strong><a href=\"https:\/\/www.theverge.com\/2020\/8\/5\/21354117\/instagram-reels-tiktok-vine-short-videos-stories-explore-music-effects-filters\">launched a TikTok competitor<\/a><\/strong><strong> dubbed \u201cReels\u201d <\/strong>and amid not-so-veiled threats from the US Secretary of State that <a href=\"https:\/\/www.ft.com\/content\/e210c0d5-96ea-42d1-a645-32eeb5d7a37d\">a broader crackdown on Chinese apps<\/a> could be in the cards.<\/p>\n<p><strong>Gulf countries are scrambling to invest in foreign agribusinesses and agri-tech solutions<\/strong> as the pandemic forces a reckoning with their precarious food situations, the <a href=\"https:\/\/www.ft.com\/content\/5ff72ce2-5947-497e-ac83-4aa4d008a73d\">FT<\/a> reports. Predominantly reliant on imported food, Gulf states are becoming painfully aware of the need to diversify where they get their sustenance. This means technology based agriculture \u2014 like cellular food development, AI-driven farming and high tech greenhouses \u2014 at home and big ticket purchases in foreign food groups like India\u2019s Daawt\u2019s food abroad.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/instagram\/\">Instagram<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/microsoft\/\">microsoft<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a 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Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/06\/573463\/\">\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\/06\/573463\/\" 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 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href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/06\/573463\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573463\" class=\"content-area-description single-story post-573463 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>The airwaves are still a wasteland.<\/strong> Chalk it up to the very real summer news slowdown.<\/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=\"573464\" 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     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decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/32.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"573465\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/06\/non-oil-business-activity-hits-12-month-high-in-july\/32-jpg-12\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/32.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"32.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/32.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/32.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573464\" class=\"content-area-description single-story post-573464 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round tag-covid-19 tag-economy tag-employment tag-enterpriseam tag-pandemic tag-pmi tag-speed-round tag-tourism 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>Non-oil business activity hits 12-month high in July:<\/strong> Activity in Egypt\u2019s non-oil private sector contracted at its slowest rate in a year in July as rising output and expanding exports signalled improved business conditions after activity <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8dc78446-e13d-4a25-b20d-ff1e77989f2b\">fell to an all-time low<\/a> at the height of the covid-19 crisis. <a href=\"https:\/\/www.markiteconomics.com\/Public\/Home\/PressRelease\/b142ba2e3cfb4a489fc7306dd9240d4d\">IHS Markit PMI figures (pdf)<\/a> released yesterday came in at 49.6, only slightly missing the 50.0 mark that indicates an expansion of activity, and rising from <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ad826519-d107-4f0a-9f17-cdc6706e481b\">44.6 in June<\/a>.<\/p>\n<p><strong>Output rose last month for the first time in a year<\/strong> as areas of the economy previously shuttered during lockdown reopened. Activity in the tourism and hospitality sectors picked up as tourists returned following the lifting of the ban on international flights at the beginning of July.<\/p>\n<p><strong>New business also recorded the first monthly increase in a year<\/strong> as export demand increased, particularly from European and African countries.<\/p>\n<p><strong>But let\u2019s not get too carried away:<\/strong> \u201cEgypt still has some way to go to return to pre-covid levels of activity and demand, with the recent upturns only mild overall,\u201d said David Owen, economist at IHS Markit. \u201cThe landscape for Egyptian businesses remains both competitive and daunting, but can be improved in the coming months should tourism and other sectors be given a boost.\u201d<\/p>\n<p><strong>The after-effects of lockdown continued to weigh on the labor market:<\/strong> Despite recovering output and new orders, <strong>employment continued to decline in July<\/strong>, after falling at its <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ad826519-d107-4f0a-9f17-cdc6706e481b\">fastest rate in four years in June<\/a>. Businesses told IHS Markit that this was mainly due to companies not replacing ex-employees who had left voluntarily.<\/p>\n<p><strong>Weak purchasing activity continued into July,<\/strong> with stock purchases falling for the eighth consecutive month albeit at the slowest rate since December. Inflation hit a nine-month high, accelerating the rise in purchasing costs, while firms continued to offer discounts on orders to boost sales.<\/p>\n<p><strong>The private sector is strongly optimistic for a near-term recovery:<\/strong> Sentiment reached its highest level in almost two-and-a-half years, with firms expressing optimism that a recovery in the tourism sector will support broader economic comeback over the summer.<\/p>\n<p><strong>Over in the Gulf<\/strong>, Saudi Arabia and the UAE also posted improved PMI figures. Private sector activity in the UAE expanded at a faster pace in July while Saudi climbed to a five-month high of 50. Bloomberg breaks down the figures <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-08-05\/jobless-recovery-from-virus-takes-shape-for-top-3-arab-economies?sref=mmeFTDW1\">here<\/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\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/employment\/\">employment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pandemic\/\">pandemic<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pmi\/\">PMI<\/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\/tourism\/\">tourism<\/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=\"573475\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"573476\" 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=\"573476\">\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\/06\/stimulus-overkill-could-trigger-a-fiscal-crisis-in-emerging-markets\/\">\r\n                            Stimulus overkill could trigger a fiscal crisis in emerging markets                        <\/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\/06\/stimulus-overkill-could-trigger-a-fiscal-crisis-in-emerging-markets\/\" 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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Governments and central banks in the emerging world ramped up spending and slashed interest rates as the pandemic intensified, and lockdown measures crippled consumer demand and stifled investment.<\/p>\n<p><strong>A catch-22:<\/strong> Having ridden out the worst of the initial economic storm, markets are now likely to hone in on the troubling levels of debt accumulated during the crisis. Debt-to-GDP levels in emerging markets rose to a record 230% during 1Q2020, and around USD 3.7 tn of debt is due for repayment this year, according to the Institute for International Finance. If limp growth rates persist in the coming months, countries may be forced into more spending, intensifying scrutiny on public finances. Yet, responding to these concerns by cutting back on spending and raising interest rates risks killing off a potential recovery and inviting a protracted recession.<\/p>\n<p><strong>And of course the threat of the virus remains ever-present:<\/strong> A resurgence of the virus in emerging markets will increase the likelihood of a fresh emerging-market debt crisis, <a href=\"https:\/\/blogs.imf.org\/2020\/08\/04\/global-imbalances-and-the-covid-19-crisis\/\">the IMF said<\/a> on Tuesday. Countries with large current account deficits, high levels of foreign currency debt or dwindling foreign reserves may be forced into default if a renewed outbreak sparks further unrest in the markets, the fund said.<\/p>\n<p><strong>And this time a weak USD is unlikely to help them: <\/strong>Emerging markets are unlikely to benefit from the weakening USD as they have in the past due to heightened levels of risk, analysts tell <a href=\"https:\/\/www.reuters.com\/article\/us-emerging-markets-currencies-dollar-an\/weak-dollar-no-boon-for-emerging-markets-this-time-idUSKCN2501OR\">Reuters<\/a>. In normal times a falling USD tends to translate into higher inflows into emerging markets as investors seek higher rates of return. But although the USD suffered its worst month in a decade in July, bondholders continued to plough more money into US and European junk-rated assets than they did into emerging markets amid concerns over debt sustainability and low levels of liquidity.<\/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\/bonds\/\">Bonds<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/pandemic\/\">pandemic<\/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=\"573478\" 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=\"573478\">\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\/06\/egypt-in-the-news-on-6-august-2020\/\">\r\n                            Egypt in the News on 6 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\/06\/egypt-in-the-news-on-6-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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Meanwhile, <a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL8N2F66TI\">Reuters<\/a> and <a href=\"https:\/\/apnews.com\/b8fb2ee6360473cf6c7e28919410ecd6\">the Associated Press<\/a> took note of Egypt and Sudan\u2019s <strong>withdrawal from GERD talks<\/strong>. <a href=\"https:\/\/www.forbes.com\/sites\/pauliddon\/2020\/08\/05\/why-are-egypt-and-turkey-risking-us-sanctions-for-these-russian-weapons-systems\/#22c6081c220f\">Forbes<\/a>\u2019 contributor network suggests that Egypt\u2019s purchase of <a href=\"https:\/\/enterprise.press\/stories\/2019\/11\/17\/is-egypt-risking-us-sanctions-again-with-potential-warplane-purchase-from-russia-6366\/\">Russian warplanes<\/a> despite potential US sanctions is meant to diversify its arms procurement network.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-in-the-news\/\">Egypt in the News<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/russia\/\">Russia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sudan\/\">Sudan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/turkey\/\">Turkey<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us\/\">US<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"573479\" 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=\"573479\">\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\">Worth watching<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/06\/optimism-for-a-recovery-following-a-2020-pummeling-in-the-middle-east\/\">\r\n                            Optimism for a recovery following a 2020 pummeling in the Middle East                        <\/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\/06\/optimism-for-a-recovery-following-a-2020-pummeling-in-the-middle-east\/\" 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\/06\/optimism-for-a-recovery-following-a-2020-pummeling-in-the-middle-east\/')\">\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\/06\/optimism-for-a-recovery-following-a-2020-pummeling-in-the-middle-east\/\">\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=Optimism for a recovery following a 2020 pummeling in the Middle East&url=https:\/\/enterpriseam.com\/egypt\/2020\/08\/06\/optimism-for-a-recovery-following-a-2020-pummeling-in-the-middle-east\/\">\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\/06\/optimism-for-a-recovery-following-a-2020-pummeling-in-the-middle-east\/&title=Optimism for a recovery following a 2020 pummeling in the Middle East\">\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=Optimism+for+a+recovery+following+a+2020+pummeling+in+the+Middle+East+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F08%2F06%2Foptimism-for-a-recovery-following-a-2020-pummeling-in-the-middle-east%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\/06\/optimism-for-a-recovery-following-a-2020-pummeling-in-the-middle-east\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/36.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"573480\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/06\/optimism-for-a-recovery-following-a-2020-pummeling-in-the-middle-east\/36-jpg-19\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/36.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"36.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/36.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/36.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573479\" class=\"content-area-description single-story post-573479 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-watching tag-covid-19 tag-economy tag-emaar-misr tag-enterpriseam tag-mena tag-mohamed-alabbar tag-qatar-airways tag-saudi-arabia tag-tourism tag-worth-watching wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>2020 sucks, but folks in the GCC are increasingly optimistic about prospects for a <\/strong><strong>recovery<\/strong><strong>: <\/strong>Although low oil prices and covid-19 have left the Middle East battered this year, optimism remains high for a recovery in the near future. This is the message relayed by some of the Gulf\u2019s leading business figures in this Bloomberg special looking at the region\u2019s prospects in the months ahead (<a href=\"https:\/\/www.bloomberg.com\/news\/videos\/2020-07-31\/2020-year-of-crisis-middle-east-video\">watch runtime 24:06<\/a>). <strong>Dubai Tourism chief Helal Al Marri<\/strong> told the news information service that he expects to \u201csee the last quarter of the year much improved\u201d while <strong>Emaar chairman Mohamed Alabbar<\/strong> says the firm will be in \u201cgood shape\u201d by this time next year. Governor of the Saudi Arabian Monetary Authority (SAMA) <strong>Ahmed El Kholifey<\/strong> sees \u201clight at the end of the tunnel but remains vigilant\u201d until a full recovery is complete. The precise timing of the recovery varies but the messaging remains the same. One exception is <strong>Qatar Airways CEO Akbar El Baker<\/strong>, who warns that it may take two or three years before a sense of normalcy is restored to the aviation industry.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/emaar-misr\/\">Emaar Misr<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mena\/\">MENA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mohamed-alabbar\/\">Mohamed Alabbar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/qatar-airways\/\">Qatar Airways<\/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\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/worth-watching\/\">worth watching<\/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=\"573481\" 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=\"573481\">\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\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/06\/diplomacy-foreign-trade-on-6-august-2020\/\">\r\n                            Diplomacy + Foreign Trade on 6 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\/06\/diplomacy-foreign-trade-on-6-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\/06\/diplomacy-foreign-trade-on-6-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\/06\/diplomacy-foreign-trade-on-6-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=Diplomacy + Foreign Trade on 6 August 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/08\/06\/diplomacy-foreign-trade-on-6-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\/06\/diplomacy-foreign-trade-on-6-august-2020\/&title=Diplomacy + Foreign Trade on 6 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=Diplomacy+%2B+Foreign+Trade+on+6+August+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F08%2F06%2Fdiplomacy-foreign-trade-on-6-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\/06\/diplomacy-foreign-trade-on-6-august-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573481\" class=\"content-area-description single-story post-573481 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-african-union tag-diplomacy tag-diplomacy-foreign-trade tag-enterpriseam tag-ethiopia tag-foreign-affairs tag-libya tag-nile-basin tag-north-africa tag-spain tag-sudan wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Egypt is officially taking its objections to Ethiopia\u2019s GERD proposal to the AU: <\/strong>Egypt has formally voiced complaints to the African Union (AU) regarding Ethiopia\u2019s proposal on filling the Grand Ethiopian Renaissance Dam (GERD), which failed to include a binding dispute resolution mechanism, the Irrigation Ministry said in <a href=\"https:\/\/bit.ly\/2Dqf87v\">a statement<\/a>. In a letter to South African President Cyril Ramaphosa, who currently chairs the AU\u2019s, the ministry also called out Ethiopia for its recent unilateral filling of the dam\u2019s reservoir. Egypt and Sudan said <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c2fae738-7b8e-4c58-a8f0-9ed5c69e4165\">earlier this week<\/a> they\u2019re walking away from the latest round of talks after Ethiopian presented the proposal.<\/p>\n<p><strong>Shoukry talks Libya, regional developments with Spanish counterpart: <\/strong>Foreign Minister Sameh Shoukry discussed political settlement in Libya and other regional development in a phone call yesterday with his Spanish counterpart, Arancha Gonzalez Laya, according to a <a href=\"https:\/\/www.facebook.com\/MFAEgypt\/posts\/4290274701044443\">ministry statement<\/a>. Shoukry stressed the importance of following through with Egypt\u2019s proposed roadmap to peace in the war-torn country \u2014 known as the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/38833ec4-0b6c-42b6-8d9d-2d74307b8f57\">Cairo Declaration<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/african-union\/\">African Union<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/ethiopia\/\">Ethiopia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/foreign-affairs\/\">foreign affairs<\/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\/nile-basin\/\">Nile Basin<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/north-africa\/\">North Africa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/spain\/\">Spain<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sudan\/\">Sudan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"573482\" 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=\"573482\">\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\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/06\/egypts-solar-energy-production-up-306-y-o-y\/\">\r\n                            Egypt\u2019s solar energy production up 306% y-o-y                        <\/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\/06\/egypts-solar-energy-production-up-306-y-o-y\/\" 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\/06\/egypts-solar-energy-production-up-306-y-o-y\/')\">\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\/06\/egypts-solar-energy-production-up-306-y-o-y\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt\u2019s solar energy production up 306% y-o-y&url=https:\/\/enterpriseam.com\/egypt\/2020\/08\/06\/egypts-solar-energy-production-up-306-y-o-y\/\">\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\/06\/egypts-solar-energy-production-up-306-y-o-y\/&title=Egypt\u2019s solar energy production up 306% y-o-y\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt%E2%80%99s+solar+energy+production+up+306%25+y-o-y+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F08%2F06%2Fegypts-solar-energy-production-up-306-y-o-y%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\/06\/egypts-solar-energy-production-up-306-y-o-y\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573482\" class=\"content-area-description single-story post-573482 post type-post status-publish format-standard hentry category-energy tag-energy tag-enterpriseam tag-new-and-renewable-energy-authority tag-renewable-energy tag-renewables wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Egypt produced 3,655 GWh of solar energy during the state\u2019s 2019-2020 fiscal year, a 306% y-o-y increase from the 900 GWh recorded the previous fiscal year, reports <a href=\"https:\/\/bit.ly\/3ibeHwA\">Al Mal<\/a>, citing unnamed sources from the New and Renewable Energy Authority. The increase is largely a result of Aswan\u2019s Benban solar power park, which officially came online in December.<\/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\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/new-and-renewable-energy-authority\/\">New and Renewable Energy Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/renewable-energy\/\">renewable energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"573483\" 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=\"573483\">\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\">Manufacturing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/06\/rubex-to-restart-expansion-plans-after-covid-caused-delays\/\">\r\n                            Rubex to restart expansion plans after covid-caused delays                        <\/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\/06\/rubex-to-restart-expansion-plans-after-covid-caused-delays\/\" 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\/06\/rubex-to-restart-expansion-plans-after-covid-caused-delays\/')\">\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\/06\/rubex-to-restart-expansion-plans-after-covid-caused-delays\/\">\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=Rubex to restart expansion plans after covid-caused delays&url=https:\/\/enterpriseam.com\/egypt\/2020\/08\/06\/rubex-to-restart-expansion-plans-after-covid-caused-delays\/\">\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\/06\/rubex-to-restart-expansion-plans-after-covid-caused-delays\/&title=Rubex to restart expansion plans after covid-caused delays\">\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=Rubex+to+restart+expansion+plans+after+covid-caused+delays+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F08%2F06%2Frubex-to-restart-expansion-plans-after-covid-caused-delays%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\/06\/rubex-to-restart-expansion-plans-after-covid-caused-delays\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573483\" class=\"content-area-description single-story post-573483 post type-post status-publish format-standard hentry category-manufacturing tag-covid-19 tag-enterpriseam tag-manufacturing tag-national-bank-of-egypt tag-plastic wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Plastic and acrylic manufacturer <a href=\"http:\/\/www.rubexegypt.eg\/\">Rubex<\/a> is restarting plans to build four new factories this year, after having put the expansion plans on ice due to covid-19, Chairman Magdy El Taher told <a href=\"https:\/\/www.alborsaanews.com\/2020\/08\/05\/1371605\">the local press<\/a>. The new facilities include an acrylic recycling plant, a factory to recycle PET, and a wood-plastic composites recycling plant, and the company also plans to modernize and refurbish a solid surface product factory.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/national-bank-of-egypt\/\">National Bank of Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/plastic\/\">plastic<\/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=\"573485\" 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=\"573485\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">Real Estate + Housing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/06\/emaar-misr-obtains-approval-for-egp-11-5-bn-cairo-gate-project\/\">\r\n                            Emaar Misr obtains approval for EGP 11.5 bn Cairo Gate project                        <\/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\/06\/emaar-misr-obtains-approval-for-egp-11-5-bn-cairo-gate-project\/\" 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\/06\/emaar-misr-obtains-approval-for-egp-11-5-bn-cairo-gate-project\/')\">\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\/06\/emaar-misr-obtains-approval-for-egp-11-5-bn-cairo-gate-project\/\">\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=Emaar Misr obtains approval for EGP 11.5 bn Cairo Gate project&url=https:\/\/enterpriseam.com\/egypt\/2020\/08\/06\/emaar-misr-obtains-approval-for-egp-11-5-bn-cairo-gate-project\/\">\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\/06\/emaar-misr-obtains-approval-for-egp-11-5-bn-cairo-gate-project\/&title=Emaar Misr obtains approval for EGP 11.5 bn Cairo Gate project\">\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=Emaar+Misr+obtains+approval+for+EGP+11.5+bn+Cairo+Gate+project+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F08%2F06%2Femaar-misr-obtains-approval-for-egp-11-5-bn-cairo-gate-project%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\/06\/emaar-misr-obtains-approval-for-egp-11-5-bn-cairo-gate-project\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573485\" class=\"content-area-description single-story post-573485 post type-post status-publish format-standard hentry category-real-estate-housing tag-emaar-misr tag-enterpriseam tag-real-estate tag-real-estate-housing wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Emaar Misr has obtained Housing Ministry approval for the blueprint of its EGP 11.5 bn <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/15\/emaar-misr-to-launch-cairo-gate-compound-in-2q2020-8451\/\">Cairo<\/a><a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/15\/emaar-misr-to-launch-cairo-gate-compound-in-2q2020-8451\/\">Gate<\/a> residential project in Sheikh Zayed City, which will be implemented within seven years, reports <a href=\"https:\/\/alborsaanews.com\/2020\/08\/04\/1371441\">the local press<\/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\/emaar-misr\/\">Emaar Misr<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate\/\">real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate-housing\/\">Real Estate + Housing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"573488\" 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=\"573488\">\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\">Telecoms + ICT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/06\/egypt-signs-arabic-chinese-language-research-agreement-with-iflytek\/\">\r\n                            Egypt signs Arabic-Chinese language research agreement with Iflytek                        <\/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\/06\/egypt-signs-arabic-chinese-language-research-agreement-with-iflytek\/\" 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\/06\/egypt-signs-arabic-chinese-language-research-agreement-with-iflytek\/')\">\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\/06\/egypt-signs-arabic-chinese-language-research-agreement-with-iflytek\/\">\n                    Facebook                    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            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+signs+Arabic-Chinese+language+research+agreement+with+Iflytek+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F08%2F06%2Fegypt-signs-arabic-chinese-language-research-agreement-with-iflytek%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\/06\/egypt-signs-arabic-chinese-language-research-agreement-with-iflytek\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573488\" class=\"content-area-description single-story post-573488 post type-post status-publish format-standard hentry category-telecoms-ict tag-ai tag-china tag-cit-ministry tag-enterpriseam tag-telecoms-ict wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The ICT Ministry signed a research agreement with China\u2019s <a href=\"https:\/\/www.iflytek.com\/en\/\">Iflytek<\/a> to develop research projects in Arabic speech recognition, speech synthesis, and Chinese Arabic translation, according to <a href=\"http:\/\/gate.ahram.org.eg\/News\/2441348.aspx\">Ahram Gate<\/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\/ai\/\">AI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cit-ministry\/\">CIT ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/telecoms-ict\/\">Telecoms + ICT<\/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=\"573489\" 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=\"573489\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">Banking + Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/06\/tasaheel-and-aman-have-requested-nano-financing-licenses-from-the-fra\/\">\r\n                            Tasaheel and Aman have requested nano financing licenses from the FRA                        <\/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\/06\/tasaheel-and-aman-have-requested-nano-financing-licenses-from-the-fra\/\" 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\/06\/tasaheel-and-aman-have-requested-nano-financing-licenses-from-the-fra\/')\">\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\/06\/tasaheel-and-aman-have-requested-nano-financing-licenses-from-the-fra\/\">\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=Tasaheel and Aman have requested nano financing licenses from the FRA&url=https:\/\/enterpriseam.com\/egypt\/2020\/08\/06\/tasaheel-and-aman-have-requested-nano-financing-licenses-from-the-fra\/\">\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\/06\/tasaheel-and-aman-have-requested-nano-financing-licenses-from-the-fra\/&title=Tasaheel and Aman have requested nano financing licenses from the FRA\">\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=Tasaheel+and+Aman+have+requested+nano+financing+licenses+from+the+FRA+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F08%2F06%2Ftasaheel-and-aman-have-requested-nano-financing-licenses-from-the-fra%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\/06\/tasaheel-and-aman-have-requested-nano-financing-licenses-from-the-fra\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573489\" class=\"content-area-description single-story post-573489 post type-post status-publish format-standard hentry category-banking-finance tag-banking-finance tag-enterpriseam tag-financial-regulatory-authority tag-i-score tag-nano-lending tag-tasaheel wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>GB Capital subsidiary Tasaheel, Raya Holding subsidiary Aman, and five other unnamed companies filed for nano-finance licenses from the Financial Regulatory Authority, <a href=\"https:\/\/bit.ly\/30qFSxu\">Al Mal<\/a> reports. Pharos-backed Kashat, which launched <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/105667a8-778f-490f-bb91-01f2d9bf9f65\">earlier this year<\/a>, became Egypt\u2019s first ever nano-financing provider, offering loans between EGP 100 and EGP 1,500 to the country\u2019s large unbanked population.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking-finance\/\">BANKING + FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-regulatory-authority\/\">Financial Regulatory Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/i-score\/\">I-Score<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/nano-lending\/\">Nano lending<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tasaheel\/\">Tasaheel<\/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=\"573490\" 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=\"573490\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">13<\/div>\r\n\r\n                    <p class=\"f-graphik\">Egypt Politics + Economics<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/06\/egypts-prosecution-launches-investigation-into-fairmont-crime\/\">\r\n                            Egypt\u2019s prosecution launches investigation into \u2018Fairmont crime\u2019                        <\/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\/06\/egypts-prosecution-launches-investigation-into-fairmont-crime\/\" 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\/06\/egypts-prosecution-launches-investigation-into-fairmont-crime\/')\">\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\/06\/egypts-prosecution-launches-investigation-into-fairmont-crime\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt\u2019s prosecution launches investigation into \u2018Fairmont crime\u2019&url=https:\/\/enterpriseam.com\/egypt\/2020\/08\/06\/egypts-prosecution-launches-investigation-into-fairmont-crime\/\">\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\/06\/egypts-prosecution-launches-investigation-into-fairmont-crime\/&title=Egypt\u2019s prosecution launches investigation into \u2018Fairmont crime\u2019\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt%E2%80%99s+prosecution+launches+investigation+into+%E2%80%98Fairmont+crime%E2%80%99+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F08%2F06%2Fegypts-prosecution-launches-investigation-into-fairmont-crime%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\/06\/egypts-prosecution-launches-investigation-into-fairmont-crime\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573490\" class=\"content-area-description single-story post-573490 post type-post status-publish format-standard hentry category-egypt-politics-economics tag-egypt-politics-economics tag-enterpriseam tag-gender tag-law wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The public prosecutor\u2019s office <a href=\"https:\/\/bit.ly\/2PrLEbV\">has ordered<\/a> an investigation into allegations of a gang [redacted] incident in 2014. The probe was ordered after the National Council for Women demanded an investigation into allegations on social media that six men intoxicated and [redacted] an 18-year-old woman at a party organized at a prominent Cairo hotel. The case comes amid national uproar against harassment and assault. <a href=\"https:\/\/www.france24.com\/en\/20200805-egypt-investigates-alleged-gang-rape-at-luxury-hotel\">France\u2019s AFP<\/a> has taken note of the story. (<strong>A note from the editor: <\/strong>We\u2019re using [redacted] not because we\u2019re afraid of saying the words, but because they cause issues with the algorithms that govern our delivery to your inboxes.)<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-politics-economics\/\">Egypt Politics + Economics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gender\/\">gender<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/law\/\">law<\/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=\"573491\" 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=\"573491\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">14<\/div>\r\n\r\n                    <p class=\"f-graphik\">My Morning Routine<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/06\/my-wfh-routine-ayman-hakky-ceo-and-founder-of-the-trifactory\/\">\r\n                            My WFH Routine: Ayman Hakky, CEO and founder of The TriFactory                        <\/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\/06\/my-wfh-routine-ayman-hakky-ceo-and-founder-of-the-trifactory\/\" 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\/06\/my-wfh-routine-ayman-hakky-ceo-and-founder-of-the-trifactory\/')\">\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\/06\/my-wfh-routine-ayman-hakky-ceo-and-founder-of-the-trifactory\/\">\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=My WFH Routine: Ayman Hakky, CEO and founder of The TriFactory&url=https:\/\/enterpriseam.com\/egypt\/2020\/08\/06\/my-wfh-routine-ayman-hakky-ceo-and-founder-of-the-trifactory\/\">\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\/06\/my-wfh-routine-ayman-hakky-ceo-and-founder-of-the-trifactory\/&title=My WFH Routine: Ayman Hakky, CEO and founder of The TriFactory\">\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=My+WFH+Routine%3A+Ayman+Hakky%2C+CEO+and+founder+of+The+TriFactory+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F08%2F06%2Fmy-wfh-routine-ayman-hakky-ceo-and-founder-of-the-trifactory%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\/06\/my-wfh-routine-ayman-hakky-ceo-and-founder-of-the-trifactory\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/37.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"573492\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/06\/my-wfh-routine-ayman-hakky-ceo-and-founder-of-the-trifactory\/37-jpg-18\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/37.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"37.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/37.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/37.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573491\" class=\"content-area-description single-story post-573491 post type-post status-publish format-standard has-post-thumbnail hentry category-my-morning-routine tag-enterpriseam tag-my-morning-routine tag-the-trifactory 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>Ayman Hakky, CEO and founder of The TriFactory:<\/strong> My Morning \/ WFH Routine looks each week at how a successful member of the community starts their day \u2014 and then throws in a couple of random business questions just for fun. Speaking to us this week is Ayman Hakky, the CEO and founder of <a href=\"https:\/\/www.thetrifactory.com\/\">The TriFactory<\/a>.<\/p>\n<p><strong>My name is Ayman Hakky, and I\u2019m a proud husband and father to a lovely little baby girl. I\u2019m the founder of The TriFactory<\/strong>, a Cairo-based company that organizes sports events all over Egypt. I have always been passionate about sports and grew up playing tennis and later water polo, winning the national league for Gezira Sporting Club, where I now proudly serve as the youngest board member.<\/p>\n<p><strong>A bad knee injury 10 years ago led me to discover a new passion: Triathlons.<\/strong> Being a former competitive athlete and overall sports enthusiast, it was hard to face the reality of having to leave behind contact sports and find an alternative. My first experience with triathlons was in 2011 while visiting Trinidad & Tobago on a work assignment with my previous employer, BP. One race and I was immediately hooked.<\/p>\n<p><strong>I decided to form a triathlon team, \u2018Train For Aim,\u2019 and to start training for races with a group of amateur athletes.<\/strong> This was the kernel of my current business. The group expanded quickly and we traveled all over the world to participate in endurance events, which made me wonder why Egypt lacked such good quality endurance races. Eventually, I organized the first triathlon event in Gouna in the summer of 2014, followed by the first Sahl Hasheesh Triathlon in December of the same year. That\u2019s when I realized I had built something special and decided to quit my corporate job to establish The TriFactory. Today, The TriFactory has a strong management team and organizes popular mass participation sports events in Egypt, including the <strong>Pyramids Half Marathon<\/strong>, Sahl Hasheesh Endurance Festival, and <strong>Tough Mudder Egypt<\/strong>.<\/p>\n<p><strong>I\u2019m responsible for managing the team and the growth of the company as the CEO.<\/strong> I work closely with a team of 10 managers and employees to apply international standards across all of our races and deliver the best sports events in Egypt.<\/p>\n<p><strong>On a normal day, I try to get as much sleep as I can until my daughter wakes me up around 7am \u2014 8am if I\u2019m lucky.<\/strong> I spend time with my family in the morning, have breakfast and play together before I shift my attention to work and spend a few hours on my laptop and phone at home. At around 10am, I read Enterprise to get caught up on the news. On days when I need to be fully focused, I head to our currently empty office to get things done. In the evening, I enjoy a run or bike ride around Zamalek with friends.<\/p>\n<p><strong>Working from home was very challenging for me. I don\u2019t usually have a strict routine<\/strong> and I\u2019m constantly on the move every day, managing our events or exploring new venues and attending meetings.<\/p>\n<p><strong>There are obviously many distractions at home and to be honest it\u2019s not easy to stay on task<\/strong> for long periods of time, so I instead try to work in several short periods during the day or just put everyone to sleep as early as possible and work at night.<\/p>\n<p><strong>As an event management company, it was hard to do our usual thing during the lockdown<\/strong>, but we launched a series of virtual races \u2014 the Stay Safe Marathons. These proved to be very popular and attracted hundreds of participants. In virtual races, participants \u201cjoin\u201d remotely using smartphones or gadgets that allow us as organizers to track progress and send a finisher medal when they complete the race. Several editions of the Stay Safe Marathon also included charitable elements, which we are very proud of. As well as managing our virtual races, we were also able to develop and launch new events for the future, which we hope to organise in real life starting on October 1st.<\/p>\n<p><strong>I think that the 9-5 office job isn't necessarily dead yet, but that the general trend seems to be moving in a new direction.<\/strong> People probably now finally understand that success is not about the number of hours spent at work but rather the quality of the work delivered. In the future, I think we will see companies offering their staff a new combination of greater flexibility and greater accountability, allowing them to manage their work-life balance safely and appropriately, while ensuring deliverables and KPIs are met.<\/p>\n<p><strong>We were quite lucky at The TriFactory to have already had experience organizing virtual events. <\/strong>During Ramadan in previous years, we had organized virtual running competitions, so we were able to build on the concept quickly once the coronavirus lockdown began.<\/p>\n<p><strong>With more time on my hands, I decided to use the knowledge and entrepreneurial experience I built over the past 5 years to contribute to new projects.<\/strong> I helped establish <a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.prostacare.doctoronline\">Doctor Online<\/a>, a new telemedicine app offering real virtual clinic experiences, founded by one of my business partners, Mahmoud Abdelhakim. I also co-founded <a href=\"https:\/\/www.leyaoliveoil.com\/\">Leya Olive Oil<\/a> with my wife Dina Targam and other business partner, Seif Fawzy, offering all natural and cold pressed extra virgin olive oil, sourced from my family\u2019s farm.<\/p>\n<p><strong>I\u2019m actually a big fan of the Enterprise podcast Making It<\/strong> and in general love reading or watching success stories and biographies, especially in the field of sports because they really inspire me. During the lockdown I really enjoyed watching Michael Jordan\u2019s docu-series <a href=\"https:\/\/www.imdb.com\/title\/tt8420184\/\">The Last Dance<\/a>, and I also enjoyed reading Andre Agassi\u2019s biography <a href=\"https:\/\/www.goodreads.com\/book\/show\/6480781-open\">Open<\/a>, and <a href=\"https:\/\/www.goodreads.com\/book\/show\/27220736-shoe-dog\">Shoe Dog<\/a>, the autobiography by the founder of Nike.<\/p>\n<p><strong>I can\u2019t wait to start organizing events and reuniting with all of our participants.<\/strong> Just before the lockdown we organized our biggest event to date, the Pyramids Half Marathon, attended by over 4000 participants from 80+ countries, and we\u2019re excited to get back out there and build on this major success.<\/p>\n<p><strong>One of the major events we were looking forward to all year long was the 10th edition of the Sahl Hasheesh Endurance Festival<\/strong>, a major milestone for me personally and The TriFactory as a whole, which we are looking forward to seeing happen in the next few months.<\/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\/my-morning-routine\/\">MY MORNING ROUTINE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-trifactory\/\">The TriFactory<\/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=\"573493\" 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=\"573493\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">15<\/div>\r\n\r\n                    <p class=\"f-graphik\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/06\/the-market-yesterday-141\/\">\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\/06\/the-market-yesterday-141\/\" 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\/06\/the-market-yesterday-141\/')\">\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\/06\/the-market-yesterday-141\/\">\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\/06\/the-market-yesterday-141\/\">\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\/06\/the-market-yesterday-141\/&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%2F06%2Fthe-market-yesterday-141%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\/06\/the-market-yesterday-141\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573493\" class=\"content-area-description single-story post-573493 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 15.94 | Sell 16.04<\/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): 10,704 (+0.8%)<br \/>\n <strong>Turnover:<\/strong> EGP 1.3 bn (36% above the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: -23.3%<\/p>\n<p><strong>THE MARKET ON WEDNESDAY:<\/strong> The EGX30 ended Wednesday\u2019s session up 0.8%. CIB, the index\u2019s heaviest constituent, ended up 0.9%. EGX30\u2019s top performing constituents were Dice up 9.2%, Sodic up 5.5%, and Orascom Development up 5.4%. Yesterday\u2019s worst performing stocks were Credit Agricole down 1.3%, Sidi Kerir down 1.2% and AMOC down 1.2%. The market turnover was EGP 1.3 bn, and foreign investors were the sole net sellers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Short | EGP -97.5 mn<br \/>\n <strong>Regional<\/strong>: Net Long | EGP +9.0 mn<br \/>\n <strong>Domestic<\/strong>: Net Long | EGP +88.5 mn<\/p>\n<p><strong>Retail<\/strong>: 71.7% of total trades | 68.3% of buyers | 75.1% of sellers<br \/>\n <strong>Institutions<\/strong>: 28.3% of total trades | 31.7% of buyers | 24.9% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 42.19 (+1.18%)<br \/>\n <strong>Brent:<\/strong> USD 45.36 (+2.09%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 2.19 MMBtu, (-0.09.%, September contract)<br \/>\n <strong>Gold:<\/strong> USD 2,053.50 \/ troy ounce (+0.20%)<\/p>\n<p><strong>TASI:<\/strong> 7,470.26 (+0.15%) (YTD: -10.95%)<br \/>\n <strong>ADX:<\/strong> 4,305.92 (-0.28%) (YTD: -15.17%)<br \/>\n <strong>DFM:<\/strong> 2,079.39 (+0.03%) (YTD: -24.79%)<br \/>\n <strong>KSE Premier Market:<\/strong> 5,490.97 (+0.35%)<br \/>\n <strong>QE:<\/strong> 9,321.96 (-0.49%) (YTD: -10.59%)<br \/>\n <strong>MSM:<\/strong> 3,568.10 (+0.28%) (YTD: -10.38%)<br \/>\n <strong>BB: <\/strong>1,292.44 (+0.14%) (YTD: -19.73%)<\/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=\"573494\" 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\/06\/573494\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573494\" class=\"content-area-description single-story post-573494 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":573460,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-573459","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"f7a2462a-dfed-4de6-81c6-ae18de1ab79b","teaser":"","photo_url":"https:\/\/ent.news\/2020\/8\/30.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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