{"id":573503,"date":"2020-08-09T04:16:44","date_gmt":"2020-08-09T04:16:44","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=573503"},"modified":"2025-12-16T09:10:53","modified_gmt":"2025-12-16T09:10:53","slug":"turkey-fumes-as-egypt-and-greece-ink-pact-on-eastmed-economic-zone","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/turkey-fumes-as-egypt-and-greece-ink-pact-on-eastmed-economic-zone\/","title":{"rendered":"Turkey fumes as Egypt and Greece ink pact on EastMed economic zone"},"content":{"rendered":"<section id=\"573505\" 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=\"573505\">\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\/09\/what-were-tracking-on-9-august-2020\/\">\r\n                            What we\u2019re tracking on 9 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\/09\/what-were-tracking-on-9-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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Voters here at home will head to polling stations on Tuesday and Wednesday. We\u2019re officially in a <a href=\"https:\/\/bit.ly\/33AYH33\">quiet period now<\/a> after the 15-day campaign came to an end yesterday. Expect to go back to the polls in September if runoffs are necessary. Some 300 people will sit in the senate, 100 of them appointed by the presidency and the rest elected whether they run as individuals or on party lists.<\/p>\n<p><strong>2- It\u2019s interest rate week. <\/strong>The Central Bank of Egypt\u2019s monetary policy committee meets to review interest rates on Thursday. Will it take advantage of the low global interest rate environment and make it easier for Egyptian businesses to take on debt to finance post-covid growth? With many companies still at less than 100% utilization of both their existing plants and facilities, it wouldn\u2019t be surprising if the CBE were to leave rates on hold to bolster our position as <strong>one of the world\u2019s most attractive destinations for the carry trade<\/strong>. Doing so would help ensure a steady flow of FX into the country at the same time as tourism, remittances and Suez Canal receipts take it on the chin. <strong>Look for a hint on which way things are going tomorrow<\/strong>, when inflation data for July should land.<\/p>\n<p><strong>3- All eyes around the region are on Beirut<\/strong>, which was wracked by protests yesterday as businesses take stock in the wake of last week\u2019s massive explosion. We have the full rundown in this morning\u2019s Speed Round, below.<\/p>\n<hr class=\"grey-line\">\n<p><strong>Is the gov\u2019t planning to redefine \u201cMade in Egypt\u201d?<\/strong> How much local content does something need to be declared made in Egypt? A Trade and Industry Ministry committee is looking at that question right now, <a href=\"https:\/\/bit.ly\/30BLViU\">Al Shorouk<\/a> reports. Manufacturers currently have to obtain at least 25% of their components from local sources for products to be considered Egyptian.<\/p>\n<p><strong>SIGN OF THE TIMES #1: 20% of incoming first years at Harvard are taking a gap year<\/strong>, having <a href=\"https:\/\/www.forbes.com\/sites\/brandonbusteed\/2020\/08\/07\/20-of-harvards-first-year-class-has-deferred\/#29e69d9614a9\">reportedly told the university<\/a> they want to defer their admission.<\/p>\n<p><strong>SIGN OF THE TIMES #2: BP looks like it\u2019s going to sell oil and gas assets <\/strong>with a view to cutting its output of hydrocarbons by as much as 40% and getting more into renewables, according to a <a href=\"https:\/\/www.reuters.com\/article\/us-bp-assets-transition-exclusive\/exclusive-bp-poised-to-sell-stranded-assets-even-if-oil-prices-rally-idUSKCN2530GY?utm_medium=Social&utm_source=twitter\">Reuters exclusive<\/a>. The story doesn\u2019t specify which assets are on the auction block other than to note that \u201csources have previously told Reuters\u201d that BP could shed oil sands projects in Canada and deep water blocks off Angola.<\/p>\n<p><strong>What\u2019s it like to be a (new) CEO right now? <\/strong>That\u2019s the subject of <a href=\"https:\/\/www.wsj.com\/articles\/congrats-on-your-new-ceo-job-maybe-one-day-youll-get-to-meet-your-employees-11596792611\">a lengthy Wall Street Journal<\/a><a href=\"https:\/\/www.wsj.com\/articles\/congrats-on-your-new-ceo-job-maybe-one-day-youll-get-to-meet-your-employees-11596792611\">piece<\/a> that looks at how new bosses are getting squared away and working on that \u201cvision thing\u201d when they can\u2019t meet face-to-face with their subordinates. It\u2019s a story worth reading even if you\u2019ve occupied your office for a few years now. Follow it with the Journal\u2019s sage advice to <strong><a href=\"https:\/\/www.wsj.com\/articles\/when-the-ceo-cant-get-on-a-plane-deputies-step-up-11596879002\">let your deputies step up<\/a><\/strong> if you\u2019re not able to and <strong><a href=\"https:\/\/www.nytimes.com\/2020\/07\/31\/upshot\/remote-work-tips.html\">ask yourself if your company is doing remote work \u201cright,\u201d<\/a><\/strong> courtesy of the NYT.<\/p>\n<p><strong>Still think the best way to learn is with a case study? <\/strong>New leaders could do a lot worse than to go read about how \u201cTim Apple\u201d took over from Steve Jobs and remade the world\u2019s most valuable company in his image \u2014 while simultaneously preserving that which is special about its culture and DNA. See the WSJ\u2019s <strong><a href=\"https:\/\/www.wsj.com\/articles\/tim-cook-apple-steve-jobs-trump-china-iphone-ipad-apps-smartphone-11596833902\">How Tim Cook made Apple his own<\/a><\/strong>.<\/p>\n<hr class=\"grey-line\">\n<p><strong>The Health Ministry <\/strong><strong><a href=\"https:\/\/bit.ly\/30HZhKB\">confirmed<\/a><\/strong><strong> 21 new deaths from covid-19 yesterday<\/strong>, bringing the country\u2019s total death toll to 4,992. Egypt has now disclosed a total of 95,314 confirmed cases of covid-19, after the ministry <strong>reported 167 new infections yesterday<\/strong>. We now have a total of 51,672 confirmed cases that have fully recovered.<\/p>\n<p><strong>Egypt\u2019s single-day case numbers have been inching up since <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8652216c-9937-4e32-a99d-632d13af0609\">Tuesday<\/a><\/strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8652216c-9937-4e32-a99d-632d13af0609\">, 4 August<\/a>, when we had reached a near-four-month low.<\/p>\n<p>Starting 15 August, <strong>foreign visitors will need to show a negative PCR test for the virus that <\/strong><strong>causes covid-19. <\/strong>The test must have been taken no more than 72 hours before passengers want to travel, the Civil Aviation Ministry said in <a href=\"https:\/\/bit.ly\/3inFgyY\">a statement<\/a>. Exemptions will apply for Arab travelers as well as passengers traveling on direct flights to Sharm El Sheikh, Taba, Hurghada, Marsa Alam, and Matrouh International Airports.<\/p>\n<p><strong>Sudan is officially reopening its land border with Egypt today<\/strong>, after closing the Argeen and Eshkeet crossings in March to curb the spread of covid-19, according to a Sudanese government decision <a href=\"https:\/\/alborsaanews.com\/2020\/08\/08\/1372379\">picked up by the press<\/a>.<\/p>\n<p><strong>Covid-19 cases in Africa top 1 mn:<\/strong> The number of confirmed cases of covid-19 in Africa has exceeded 1 mn, with South Africa accounting for more than half of infections on the continent, <a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-africa\/africas-cases-of-covid-19-top-1-million-reuters-tally-idUSKCN25235N\">Reuters<\/a> reported on Thursday. Almost 22k people had died from the virus as of Thursday and more than 676k had recovered. Although infection rates are low in comparison with the rest of the world, the virus is likely to be more widespread than the data suggests due to low levels of testing, according to health experts.<\/p>\n<hr class=\"grey-line\">\n<p class='web-image stand-out-borderless' ><a href='https:\/\/somabay.com\/'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/somabay-aug1-1600px.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\n<hr class=\"grey-line\">\n<p><strong>The current occupant of the White House signed four executive orders on covid relief for <\/strong><strong>US citizens <\/strong>after the collapse of talks with opposition Democrats. The orders <a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-usa-congress\/trump-signs-coronavirus-relief-orders-after-talks-with-congress-break-down-idUSKCN2540TA\">partially extend several measures<\/a> passed in March that expired at the beginning of this month, potentially deepening economic hardship for unemployed citizens and damaging any recovery.<\/p>\n<p><strong>But at least the jobless rate is falling:<\/strong> The US unemployment rate fell to 10.2% in July from 11.1% in June, as employers added 1.8 mn jobs \u2014 a much lower number than June\u2019s 4.8 mn \u2014 according to the US labor department. Leisure, hospitality, retail, and healthcare are among the industries that saw the largest gains, <a href=\"https:\/\/www.ft.com\/content\/d8cd7284-54ee-4402-a527-a68c5c5583ca\">the Financial Times<\/a> reports. The US has recovered fewer than half the jobs lost during the pandemic, data shows.<\/p>\n<hr class=\"grey-line\">\n<p><strong>Twitter may be interested in buying TikTok<\/strong>, emerging as a late rival to Microsoft\u2019s bid for the video sharing app\u2019s US operations, <a href=\"https:\/\/www.reuters.com\/article\/us-tiktok-m-a-twitter\/twitter-expressed-interest-in-buying-tiktoks-u-s-operations-sources-idUSKCN2540ZG\">Reuters<\/a> writes, noting that it\u2019s very much an open question whether Twitter could put together an offer that outbids whatever Microsoft is willing to put on the table.<\/p>\n<p><strong>Berkshire Hathaway\u2019s net earnings shot up 87% y-o-y in 2<\/strong><strong>Q2020<\/strong>, signaling a huge turnaround from massive first quarter losses, according to its <a href=\"https:\/\/www.berkshirehathaway.com\/qtrly\/2ndqtr20.pdf\">earnings report<\/a> (pdf). The Warren Buffett-owned conglomerate is often seen as \u201ca bellwether for the market given the diverse businesses it owns,\u201d <a href=\"https:\/\/edition.cnn.com\/2020\/08\/08\/business\/berkshire-hathaway-warren-buffett-earnings\/index.html\">says CNN Business<\/a>.<\/p>\n<p><strong>Central bankers in emerging markets have done well throughout the covid-19<\/strong><strong> crisis<\/strong>, thanks to quantitative easing programs mirroring what advanced market central banks do to keep long-term interest low, <a href=\"https:\/\/www.ft.com\/content\/43c5217f-81a5-4d25-8ac9-7b9951b019d3\">the Financial Times\u2019<\/a> Jonathan Wheatley writes. While the policy approach in EM is not quantitative easing in the traditional sense, the policies have, in some respects, \u201cachieved spectacular success\u201d in improving local bond markets. Since a panic-induced selloff in March saw investors flee USD 33.5 bn-worth of EM bonds, central bank policies have managed to lure back nearly USD 62 bn.<\/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\/africa\/\">Africa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/canada\/\">Canada<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/central-bank-of-egypt\/\">Central Bank of Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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href=\"https:\/\/enterpriseam.com\/egypt\/tag\/interest-rates\/\">interest rates<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/jamal-khashoggi\/\">Jamal Khashoggi<\/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\/politics\/\">politics<\/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\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/senate\/\">Senate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/south-africa\/\">South Africa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sudan\/\">Sudan<\/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    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class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/09\/egypts-talk-shows-beirut-explosion-eez-agreement-with-greece\/\">\r\n                            Egypt\u2019s talk shows: Beirut explosion + EEZ agreement with Greece                        <\/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 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         <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573507\" class=\"content-area-description single-story post-573507 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-covid-19 tag-enterprise-last-nights-talk-shows tag-enterpriseam tag-lebanon wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>It was a relatively insipid night on the airwaves<\/strong>, save for some commentary on Egypt\u2019s EEZ agreement with Greece and some coverage of the latest developments in Beirut, both of which we cover in detail in this morning\u2019s Speed Round, below.<\/p>\n<p><strong>Arab League Secretary-General Ahmed Aboul Gheit\u2019s meeting with Lebanese President Michel Aoun<\/strong> to visit the site of the blast at Beirut\u2019s port and discuss the situation in the country was on Ala Mas'ouleety's Ahmed Moussa\u2019s radar (<a href=\"https:\/\/www.youtube.com\/watch?v=zzWd7qw5nOY\">watch, runtime: 1:45<\/a>).<\/p>\n<p><strong>Masaa DMC\u2019s Eman El Hosary took note of the protests that broke out in the Lebanese capital<\/strong> following the blast in demand of accountability and also called up a host of Lebanese celebrities for their two cents on the explosion (<a href=\"https:\/\/www.youtube.com\/watch?v=UsE2PqVXGcM\">watch, runtime: 6:40<\/a> and <a href=\"https:\/\/www.youtube.com\/watch?v=Zip191t2uVk\">runtime: 5:38<\/a>).<\/p>\n<p><strong>Back at home, Moussa urged his viewers to continue wearing face masks in public places<\/strong> and warned against falling into \u201cpandemic fatigue\u201d that has caused some to stop taking precautionary measures. Moussa pointed out that daily case numbers are edging back up (<a href=\"https:\/\/www.youtube.com\/watch?v=eLXP_NAcopY\">watch, runtime: 4:45<\/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\/enterprise-last-nights-talk-shows\/\">Enterprise+: Last Night\u2019s Talk Shows<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/lebanon\/\">Lebanon<\/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=\"573508\" 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=\"573508\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">Speed Round<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/09\/egypt-greece-sign-agreement-for-eastmed-economic-zone-drawing-turkish-ire\/\">\r\n                            Egypt, Greece sign agreement for EastMed economic zone, drawing Turkish ire                        <\/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\/09\/egypt-greece-sign-agreement-for-eastmed-economic-zone-drawing-turkish-ire\/\" 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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runtime 13:45<\/a>) with Nikos Dendias, his Greek counterpart. The agreement will also help Egypt launch more hydrocarbon exploration tenders in the natural gas rich area, Oil Ministry spokesperson Hamdy Abdel Aziz said yesterday (<a href=\"https:\/\/www.youtube.com\/watch?v=ex4NGb-fiV0&t=325s\">watch, runtime: 9:57<\/a>).<\/p>\n<p><strong>The objective: Containing Turkey.<\/strong> According to a map seen by <a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL8N2F8792\">Reuters<\/a>, the demarcation of the Egypt-Greece economic zone ignores the agreement signed between Turkey and Libya last year for a joint maritime zone. Greek diplomats claimed that Thursday\u2019s pact nullified the Turkey-Libya agreement, and Dendias did not mince his words at the presser, saying it \u201cis the absolute opposite of the illegal, void and legally unfounded\u201d MoU between Turkey and Tripoli, which \u201chas ended up where it belonged from the beginning: in the trash can.\u201d<\/p>\n<p><strong>The nutter in Ankara doesn\u2019t recognize the Egypt-Greece pact (shocking, we know):<\/strong> Turkey\u2019s foreign minister <a href=\"https:\/\/twitter.com\/MevlutCavusoglu\/status\/1291474064171835392\/photo\/1\">described<\/a> the Egyptian-Greek agreement as \u201cnull and void,\u201d saying it infringed on Turkey\u2019s continental shelf and violated Libya\u2019s maritime rights \u2014 adding that Ankara would not allow activity in the area. Egyptian Foreign Ministry Spokesman Ahmed Hafez said on <a href=\"https:\/\/twitter.com\/MfaEgypt\/status\/1291418099225448456\">Twitter<\/a> that Turkey\u2019s comments were \u201cstrange\u201d given it had not actually seen the agreement.<\/p>\n<p><strong>Turkey is again exploring for energy in the eastern Mediterranean<\/strong>, President Recep Tayyip Erdogan said on Friday, <a href=\"https:\/\/www.reuters.com\/article\/us-turkey-greece-erdogan\/erdogan-says-turkey-restarted-energy-exploration-in-east-mediterranean-idUSKCN2531OG\">telling reporters<\/a> that \u201cwe don\u2019t feel obliged to talk with those who do not have rights in maritime jurisdiction zones.\u201d Ankara had <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/08e56e49-abfd-49e8-ae4c-11788338c244\">agreed last month<\/a> to put on hold its gas exploration efforts and hold talks with Greece.<\/p>\n<p><strong>International opprobrium for Turkey: <\/strong>Cyprus, Greece, France, and the UAE have <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c2c840bf-5327-484d-b410-76c7fa0a19b5\">all joined Egypt in condemning<\/a> Turkey's successive attempts this year to drill for natural gas in Cyprus' disputed maritime zone. Greek Prime Minister Kyriakos Mitsotakis said last week that if his country and Turkey remain at loggerheads over their maritime boundary dispute he would welcome international court intervention, <a href=\"https:\/\/www.al-monitor.com\/pulse\/originals\/2020\/08\/turkey-egypt-libya-greece-maritime-hague.html#ixzz6UX2nAhHv\">Al Monitor<\/a> reports.<\/p>\n<p><strong>The UAE welcomed the Greco-Egyptian pact:<\/strong> Minister of Foreign Affairs and International Cooperation Sheikh Abdullah bin Zayed Al Nahyan congratulated Shoukry on signing the latest agreement, saying it \u201crepresents an important step that reflects the efforts of Egypt and Greece to enhance the stability foundations in the Eastern Mediterranean Region,\u201d the UAE\u2019s state news agency <a href=\"https:\/\/www.wam.ae\/en\/details\/1395302860875\">WAM<\/a> reported on Friday. The Emirates\u2019 Foreign Affairs Minister Anwar Gargash also took to <a href=\"https:\/\/twitter.com\/AnwarGargash\/status\/1291636714394574849\">Twitter<\/a> saying that \u201cthe signing of the maritime border demarcation agreement between Egypt and Greece is a victory for international law over the law of the jungle.\u201d<\/p>\n<p><strong>The pact is getting plenty of ink in the international press:<\/strong> <a href=\"https:\/\/www.reuters.com\/article\/us-egypt-greece\/egypt-and-greece-sign-agreement-on-exclusive-economic-zone-idUSKCN252216\">Reuters<\/a> | <a href=\"https:\/\/apnews.com\/fc1754ebee8429afd79a4750d6adaa40\">Associated Press<\/a> | <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-08-06\/egypt-and-greece-sign-maritime-border-deal-in-snub-to-turkey\">Bloomberg<\/a> | <a href=\"https:\/\/bit.ly\/31DzyCm\">Al Arabiya<\/a> | <a href=\"https:\/\/www.arabnews.com\/node\/1706686\/middle-east\">Arab News<\/a> | <a href=\"https:\/\/www.ekathimerini.com\/255561\/article\/ekathimerini\/news\/egypt-and-greece-sign-agreement-on-exclusive-economic-zone-egyptian-fm-says\">Ekathimerini<\/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\/anwar-gargash\/\">Anwar Gargash<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cyprus\/\">Cyprus<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economic-zone-agreement\/\">economic zone agreement<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/greece\/\">Greece<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/kyriakos-mitsotakis\/\">Kyriakos Mitsotakis<\/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\/maritime\/\">maritime<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mediterranean\/\">Mediterranean<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/nikos-dendias\/\">Nikos Dendias<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/oil-and-gas\/\">oil and gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/receptayyip-erdogan\/\">RecepTayyip Erdogan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sameh-shoukry\/\">Sameh Shoukry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sheikh-abdullah-bin-zayed-al-nahyan\/\">Sheikh Abdullah bin Zayed Al Nahyan<\/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\/turkey\/\">Turkey<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"573524\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"573525\" 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=\"573525\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/09\/egypt-in-the-news-on-9-august-2020\/\">\r\n                            Egypt in the News on 9 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\/09\/egypt-in-the-news-on-9-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\/09\/egypt-in-the-news-on-9-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\/09\/egypt-in-the-news-on-9-august-2020\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt in the News on 9 August 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/08\/09\/egypt-in-the-news-on-9-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\/09\/egypt-in-the-news-on-9-august-2020\/&title=Egypt in the News on 9 August 2020\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+in+the+News+on+9+August+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F08%2F09%2Fegypt-in-the-news-on-9-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\/09\/egypt-in-the-news-on-9-august-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573525\" class=\"content-area-description single-story post-573525 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-committee-to-protect-journalists tag-egypt-in-the-news tag-enterpriseam tag-ethiopia tag-gender tag-gerd tag-human-rights tag-human-rights-watch tag-journalism tag-tiktok tag-yemen wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>It\u2019s a quiet morning for Egypt in the international press<\/strong>, with news of a new shared exclusive offshore economic zone between Egypt and Greece dominating the conversation on Omm El Donia.<\/p>\n<p><strong>Also getting ink: <\/strong>Egypt\u2019s budding #MeToo movement has a long way to go, <a href=\"https:\/\/www.reuters.com\/article\/us-egypt-harassment\/egypts-sex-assault-accusations-spotlight-social-stigmas-idUSKCN2530Z2\">Reuters<\/a> argues, while state-funded broadcaster <a href=\"https:\/\/www.voanews.com\/africa\/ethiopian-refugees-egypt-if-egyptians-go-thirsty-we-will-go-thirsty\">Voice of America<\/a> claims that Ethiopian refugees in Egypt are paying the price for the Cairo-Addis dispute over GERD. <a href=\"https:\/\/cpj.org\/2020\/08\/mohamed-monirs-death-of-covid-19-is-a-warning-sign-for-journalists-held-in-egypts-prisons\/\">The Committee to Protect Journalists<\/a>, meanwhile, has zeroed in on the case of journalist Mohamed Monir, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1115734f-10e0-407d-843a-7cc33204e1f4\">who died<\/a> after contracting covid-19 while in detention at Tora Prison.<\/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\/committee-to-protect-journalists\/\">Committee to Protect Journalists<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-in-the-news\/\">Egypt in the News<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ethiopia\/\">Ethiopia<\/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\/gerd\/\">GERD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/human-rights\/\">human rights<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/human-rights-watch\/\">Human Rights Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/journalism\/\">journalism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tiktok\/\">Tiktok<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/yemen\/\">Yemen<\/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=\"573526\" 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=\"573526\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/09\/diplomacy-foreign-trade-on-9-august-2020\/\">\r\n                            Diplomacy + Foreign Trade on 9 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 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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 9 August 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/08\/09\/diplomacy-foreign-trade-on-9-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\/09\/diplomacy-foreign-trade-on-9-august-2020\/&title=Diplomacy + Foreign Trade on 9 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+9+August+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F08%2F09%2Fdiplomacy-foreign-trade-on-9-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\/09\/diplomacy-foreign-trade-on-9-august-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573526\" class=\"content-area-description single-story post-573526 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-diplomacy-foreign-trade tag-enterpriseam tag-ethiopia tag-gerd tag-sudan tag-us tag-water tag-world-bank 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>Addis Ababa says any Nile water allocation agreement requires bringing all Nile<\/strong><strong> Basin countries to the negotiating table: <\/strong>Ethiopia will not sign any agreement with Egypt and Sudan that would enshrine specific water quotas for downstream countries without bringing all 11 Nile Basin countries into the discussion for a comprehensive agreement, Ethiopian Foreign Ministry Spokesman Dina Mufti said at a press briefing, according to <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=07082020&id=3c43e2ef-352d-48ef-b299-e33c8a47f7dc\">Al Shorouk<\/a>. <strong>Mufti also slammed the US and World Bank<\/strong>\u2019s \u201cattempts to pressure Ethiopia into signing [a] lopsided agreement,\u201d according to the <a href=\"https:\/\/ent.news\/2020\/8\/August-7_opt-2.pdf\">Ethiopian Herald (pdf)<\/a>. Ethiopia also <a href=\"https:\/\/bit.ly\/3a7yhqI\">accused<\/a> Egypt of not capitalizing on alternative water sources, including groundwater and sea water. Egypt and Sudan <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c2fae738-7b8e-4c58-a8f0-9ed5c69e4165\">walked away<\/a> from the last round of GERD negotiations after Ethiopia\u2019s latest proposal dodged mention of a binding dispute resolution mechanism after it was agreed upon by the three countries.<\/p>\n<p><strong>Shoukry and Pompeo discuss Libyan ceasefire:<\/strong> Foreign Minister Sameh Shoukry and US Secretary of State Michael Pompeo discussed on Thursday the need to achieve a ceasefire in Libya through United Nations-brokered talks, according to a <a href=\"https:\/\/eg.usembassy.gov\/secretary-pompeos-call-with-egyptian-foreign-minister-shoukry\/\">US Embassy statement<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy-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\/gerd\/\">GERD<\/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\/us\/\">US<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/water\/\">water<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-bank\/\">World Bank<\/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=\"573527\" 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=\"573527\">\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\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/09\/kom-ombo-petroleum-to-start-usd-3-mn-drilling-operation-at-baraka-concession\/\">\r\n                            Kom Ombo Petroleum to start USD 3 mn drilling operation at Baraka concession                        <\/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\/09\/kom-ombo-petroleum-to-start-usd-3-mn-drilling-operation-at-baraka-concession\/\" 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\/09\/kom-ombo-petroleum-to-start-usd-3-mn-drilling-operation-at-baraka-concession\/')\">\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\/09\/kom-ombo-petroleum-to-start-usd-3-mn-drilling-operation-at-baraka-concession\/\">\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=Kom Ombo Petroleum to start USD 3 mn drilling operation at Baraka concession&url=https:\/\/enterpriseam.com\/egypt\/2020\/08\/09\/kom-ombo-petroleum-to-start-usd-3-mn-drilling-operation-at-baraka-concession\/\">\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\/09\/kom-ombo-petroleum-to-start-usd-3-mn-drilling-operation-at-baraka-concession\/&title=Kom Ombo Petroleum to start USD 3 mn drilling operation at Baraka concession\">\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=Kom+Ombo+Petroleum+to+start+USD+3+mn+drilling+operation+at+Baraka+concession+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F08%2F09%2Fkom-ombo-petroleum-to-start-usd-3-mn-drilling-operation-at-baraka-concession%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\/09\/kom-ombo-petroleum-to-start-usd-3-mn-drilling-operation-at-baraka-concession\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573527\" class=\"content-area-description single-story post-573527 post type-post status-publish format-standard hentry category-energy tag-energy tag-enterpriseam tag-oil-and-gas wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Kom Ombo Petroleum \u2014 a JV between the Egyptian General Petroleum Company and <a href=\"https:\/\/www.mediterraenergy.com\/\">Mediterra Energy<\/a> \u2014 will begin drilling two wells at its Baraka concession, which is expected to cost USD 2.5-3 mn, <a href=\"https:\/\/bit.ly\/3fyMwWQ\">Al Mal<\/a> reports, citing unnamed industry sources. The Baraka concession has produced some 350 to 400 bbl \/ d of oil this year, the sources say.<\/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\/oil-and-gas\/\">oil and gas<\/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=\"573528\" 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=\"573528\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">Basic Materials + Commodities<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/09\/egypts-gasc-receives-record-number-of-offers-in-wheat-tender\/\">\r\n                            Egypt\u2019s GASC receives record number of offers in wheat tender                        <\/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\/09\/egypts-gasc-receives-record-number-of-offers-in-wheat-tender\/\" 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\/09\/egypts-gasc-receives-record-number-of-offers-in-wheat-tender\/')\">\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\/09\/egypts-gasc-receives-record-number-of-offers-in-wheat-tender\/\">\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 GASC receives record number of offers in wheat tender&url=https:\/\/enterpriseam.com\/egypt\/2020\/08\/09\/egypts-gasc-receives-record-number-of-offers-in-wheat-tender\/\">\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\/09\/egypts-gasc-receives-record-number-of-offers-in-wheat-tender\/&title=Egypt\u2019s GASC receives record number of offers in wheat tender\">\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+GASC+receives+record+number+of+offers+in+wheat+tender+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F08%2F09%2Fegypts-gasc-receives-record-number-of-offers-in-wheat-tender%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\/09\/egypts-gasc-receives-record-number-of-offers-in-wheat-tender\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573528\" class=\"content-area-description single-story post-573528 post type-post status-publish format-standard hentry category-basic-materials-commodities tag-basic-materials-commodities tag-commodities tag-enterpriseam tag-general-authority-for-supply-commodities wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The General Authority for Supply Commodities (GASC) has accepted seven offers in a tender to purchase 410k tonnes of wheat after receiving a \u201crecord number\u201d of bids, according to <a href=\"https:\/\/alborsaanews.com\/2020\/08\/08\/1372400\">data seen by the press<\/a>. GASC will purchase 120k tonnes of Russian wheat and 290k tonnes of Russian and Ukrainian wheat.<\/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\/basic-materials-commodities\/\">Basic Materials + Commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/commodities\/\">commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/general-authority-for-supply-commodities\/\">General Authority for Supply Commodities<\/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=\"573529\" 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=\"573529\">\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\">Real Estate + Housing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/09\/orascom-development-egypt-sells-egp-104-8-mn-land-plot-to-mangroovy-hotels\/\">\r\n                            Orascom Development Egypt sells EGP 104.8 mn land plot to Mangroovy Hotels                        <\/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\/09\/orascom-development-egypt-sells-egp-104-8-mn-land-plot-to-mangroovy-hotels\/\" 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\/09\/orascom-development-egypt-sells-egp-104-8-mn-land-plot-to-mangroovy-hotels\/')\">\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\/09\/orascom-development-egypt-sells-egp-104-8-mn-land-plot-to-mangroovy-hotels\/\">\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=Orascom Development Egypt sells EGP 104.8 mn land plot to Mangroovy Hotels&url=https:\/\/enterpriseam.com\/egypt\/2020\/08\/09\/orascom-development-egypt-sells-egp-104-8-mn-land-plot-to-mangroovy-hotels\/\">\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\/09\/orascom-development-egypt-sells-egp-104-8-mn-land-plot-to-mangroovy-hotels\/&title=Orascom Development Egypt sells EGP 104.8 mn land plot to Mangroovy Hotels\">\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=Orascom+Development+Egypt+sells+EGP+104.8+mn+land+plot+to+Mangroovy+Hotels+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F08%2F09%2Forascom-development-egypt-sells-egp-104-8-mn-land-plot-to-mangroovy-hotels%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\/09\/orascom-development-egypt-sells-egp-104-8-mn-land-plot-to-mangroovy-hotels\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573529\" class=\"content-area-description single-story post-573529 post type-post status-publish format-standard hentry category-real-estate-housing tag-el-gouna tag-enterpriseam tag-orascom-development-egypt 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>Orascom Development Egypt has sold a 40k sqm plot of land in El Gouna to <a href=\"http:\/\/www.mangroovyresidence.com\/\">Mangroovy<\/a><a href=\"http:\/\/www.mangroovyresidence.com\/\">Hotels<\/a> for EGP 104.8 mn, according to a <a href=\"https:\/\/www.egx.com.eg\/downloads\/Bulletins\/249242_2.pdf\">bourse disclosure (pdf)<\/a>. Mangroovy will use the plot to provide \u201cdifferent types of services\u201d for people living at its Mangroovy Residence project.<\/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\/el-gouna\/\">El Gouna<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/orascom-development-egypt\/\">Orascom Development Egypt<\/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=\"573530\" 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=\"573530\">\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\">Automotive + Transportation<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/09\/bombardier-to-start-making-egypt-monorail-cars-this-month\/\">\r\n                            Bombardier to start making Egypt monorail cars this month                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/09\/bombardier-to-start-making-egypt-monorail-cars-this-month\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2020\/08\/09\/bombardier-to-start-making-egypt-monorail-cars-this-month\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2020\/08\/09\/bombardier-to-start-making-egypt-monorail-cars-this-month\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Bombardier to start making Egypt monorail cars this month&url=https:\/\/enterpriseam.com\/egypt\/2020\/08\/09\/bombardier-to-start-making-egypt-monorail-cars-this-month\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2020\/08\/09\/bombardier-to-start-making-egypt-monorail-cars-this-month\/&title=Bombardier to start making Egypt monorail cars this month\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Bombardier+to+start+making+Egypt+monorail+cars+this+month+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F08%2F09%2Fbombardier-to-start-making-egypt-monorail-cars-this-month%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/09\/bombardier-to-start-making-egypt-monorail-cars-this-month\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573530\" class=\"content-area-description single-story post-573530 post type-post status-publish format-standard hentry category-automotive-transportation tag-arab-contractors tag-automotive-transportation tag-bombardier tag-construction tag-enterpriseam tag-manufacturing tag-orascom-construction wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Canada\u2019s Bombardier is planning to begin this month manufacturing rolling stock for the two planned monorails linking Sixth of October City to Giza and Nasr City to the new capital, the company\u2019s Egypt boss, <a href=\"https:\/\/alborsaanews.com\/2020\/08\/08\/1372407\">Ahmed El Damanhoury said<\/a>. Egypt last year <a href=\"https:\/\/enterprise.press\/stories\/2019\/08\/05\/egypt-signs-agreement-with-canadas-bombardier-for-nac-monorail-project\/\">signed a 30-year contract<\/a> with Bombardier, Orascom Construction, and Arab Contractors that will see the consortium construct, operate, and maintain the lines. The companies target completing the new capital monorail by June 2022 and the one running from the Sixth of October by July 2023, El Damanhoury said.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/arab-contractors\/\">Arab Contractors<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/automotive-transportation\/\">Automotive + Transportation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/bombardier\/\">Bombardier<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/construction\/\">construction<\/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\/orascom-construction\/\">Orascom Construction<\/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=\"573531\" 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=\"573531\">\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\">Other Business News of Note<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/09\/agriculture-ministry-to-modernize-irrigation-systems-in-eight-governorates\/\">\r\n                            Agriculture Ministry to modernize irrigation systems in eight governorates                        <\/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\/09\/agriculture-ministry-to-modernize-irrigation-systems-in-eight-governorates\/\" 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\/09\/agriculture-ministry-to-modernize-irrigation-systems-in-eight-governorates\/')\">\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\/09\/agriculture-ministry-to-modernize-irrigation-systems-in-eight-governorates\/\">\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=Agriculture Ministry to modernize irrigation systems in eight governorates&url=https:\/\/enterpriseam.com\/egypt\/2020\/08\/09\/agriculture-ministry-to-modernize-irrigation-systems-in-eight-governorates\/\">\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\/09\/agriculture-ministry-to-modernize-irrigation-systems-in-eight-governorates\/&title=Agriculture Ministry to modernize irrigation systems in eight governorates\">\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=Agriculture+Ministry+to+modernize+irrigation+systems+in+eight+governorates+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F08%2F09%2Fagriculture-ministry-to-modernize-irrigation-systems-in-eight-governorates%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\/09\/agriculture-ministry-to-modernize-irrigation-systems-in-eight-governorates\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573531\" class=\"content-area-description single-story post-573531 post type-post status-publish format-standard hentry category-other-business-news-of-note tag-agriculture tag-agriculture-ministry tag-enterpriseam tag-other-business-news-of-note tag-water wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The Agriculture Ministry is working to modernize the irrigation systems used in eight governorates as part of government efforts to use water more efficiently and moderate consumption. Techniques such as drip irrigation, sprinkling, and laser land leveling systems will be introduced to 500k feddans of land, cabinet said in <a href=\"https:\/\/bit.ly\/3ij81ww\">a statement<\/a>, one week after President Abdel Fattah El Sisi <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2328656e-ad97-4c29-8e3f-0c6769f38b3a\">called for<\/a> more advanced irrigation methods to help the country conserve water.<\/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\/agriculture\/\">agriculture<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/agriculture-ministry\/\">Agriculture Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/other-business-news-of-note\/\">Other Business News of Note<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/water\/\">water<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"573532\" 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=\"573532\">\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\">Egypt Politics + Economics<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/09\/strong-egypt-party-deputy-head-mohamed-el-qassas-released-from-pre-trial-detention\/\">\r\n                            Strong Egypt Party deputy head Mohamed El Qassas released from pre-trial detention                        <\/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\/09\/strong-egypt-party-deputy-head-mohamed-el-qassas-released-from-pre-trial-detention\/\" 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\/09\/strong-egypt-party-deputy-head-mohamed-el-qassas-released-from-pre-trial-detention\/')\">\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\/09\/strong-egypt-party-deputy-head-mohamed-el-qassas-released-from-pre-trial-detention\/\">\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=Strong Egypt Party deputy head Mohamed El Qassas released from pre-trial detention&url=https:\/\/enterpriseam.com\/egypt\/2020\/08\/09\/strong-egypt-party-deputy-head-mohamed-el-qassas-released-from-pre-trial-detention\/\">\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\/09\/strong-egypt-party-deputy-head-mohamed-el-qassas-released-from-pre-trial-detention\/&title=Strong Egypt Party deputy head Mohamed El Qassas released from pre-trial detention\">\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=Strong+Egypt+Party+deputy+head+Mohamed+El+Qassas+released+from+pre-trial+detention+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F08%2F09%2Fstrong-egypt-party-deputy-head-mohamed-el-qassas-released-from-pre-trial-detention%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\/09\/strong-egypt-party-deputy-head-mohamed-el-qassas-released-from-pre-trial-detention\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573532\" class=\"content-area-description single-story post-573532 post type-post status-publish format-standard hentry category-egypt-politics-economics tag-egypt-politics-economics tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>State prosecution has released Strong Egypt Party deputy head Mohamed El Qassas from pre-trial detention on Thursday, while investigations into the charges against him remain underway, <a href=\"https:\/\/bit.ly\/3kAAv74\">Cairo24<\/a> reports. El Qassas <a href=\"https:\/\/enterprise.press\/stories\/2018\/02\/11\/strong-egypt-deputy-head-mohamed-el-qassas-ordered-arrested\/\">was arrested in 2018<\/a> on charges of joining an illegal group and spreading false news. Strong Egypt was founded in 2012 by Abdel Moneim Aboul Fotouh, the former Islamist leader turned \u2018centrist\u2019 presidential candidate.<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"573535\" 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=\"573535\">\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\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/09\/2-ancient-statues-returned-to-egypt-ahead-of-gem-opening\/\">\r\n                            2 ancient statues returned to Egypt ahead of GEM opening                        <\/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\/09\/2-ancient-statues-returned-to-egypt-ahead-of-gem-opening\/\" 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\/09\/2-ancient-statues-returned-to-egypt-ahead-of-gem-opening\/')\">\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\/09\/2-ancient-statues-returned-to-egypt-ahead-of-gem-opening\/\">\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=2 ancient statues returned to Egypt ahead of GEM opening&url=https:\/\/enterpriseam.com\/egypt\/2020\/08\/09\/2-ancient-statues-returned-to-egypt-ahead-of-gem-opening\/\">\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\/09\/2-ancient-statues-returned-to-egypt-ahead-of-gem-opening\/&title=2 ancient statues returned to Egypt ahead of GEM opening\">\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=2+ancient+statues+returned+to+Egypt+ahead+of+GEM+opening+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F08%2F09%2F2-ancient-statues-returned-to-egypt-ahead-of-gem-opening%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\/09\/2-ancient-statues-returned-to-egypt-ahead-of-gem-opening\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573535\" class=\"content-area-description single-story post-573535 post type-post status-publish format-standard hentry category-on-your-way-out tag-abu-qir-fertilizers tag-ancient-egypt tag-enterpriseam tag-grand-egyptian-museum wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Two Ancient Egyptian statues <\/strong><strong>were returned to the country on Thursday to be displayed at the Grand Egyptian Museum<\/strong>, cabinet said in <a href=\"https:\/\/bit.ly\/3fJDzKi\">a statement<\/a>. The statues had been on the touring exhibition \u201cSunken Cities: The Enchanting World of Egypt\u201d since 2015. The exhibition included 293 artifacts recovered from the sunken city of Heracleion in Abu Qir, and had traveled to Paris, London, Zurich, and four US cities.<\/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\/abu-qir-fertilizers\/\">Abu Qir Fertilizers<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ancient-egypt\/\">Ancient Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/grand-egyptian-museum\/\">Grand Egyptian Museum<\/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=\"573536\" 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=\"573536\">\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\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/09\/the-market-yesterday-142\/\">\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\/09\/the-market-yesterday-142\/\" 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\/09\/the-market-yesterday-142\/')\">\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\/09\/the-market-yesterday-142\/\">\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\/09\/the-market-yesterday-142\/\">\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\/09\/the-market-yesterday-142\/&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%2F09%2Fthe-market-yesterday-142%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\/09\/the-market-yesterday-142\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573536\" class=\"content-area-description single-story post-573536 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 15.92 | Sell 16.02<\/p>\n<p> <strong>EGP \/ USD at CIB:<\/strong> Buy 15.91 | Sell 16.01<br \/>\n <strong>EGP \/ USD at NBE: <\/strong>Buy 15.91 | Sell 16.01<\/p>\n<p><strong>EGX30<\/strong> (Thursday): 10,817 (+1.1%)<br \/>\n <strong>Turnover:<\/strong> EGP 1.2 bn (25% above the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: -22.5%<\/p>\n<p><strong>THE MARKET ON THURSDAY:<\/strong> The EGX30 ended Thursday\u2019s session up 1.1%. CIB, the index\u2019s heaviest constituent, ended up 1.8%. EGX30\u2019s top performing constituents were Sodic up 4.9%, GB Auto up 4.6%, and Qalaa Holdings up 3.9%. Thursday\u2019s worst performing stocks were Juhayna down 3.5%, Orascom Construction down 2.8% and Ibnsina Pharma down 1.2%. The market turnover was EGP 1.2 bn, and foreign investors were the sole net sellers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Short | EGP -87.5 mn<br \/>\n <strong>Regional<\/strong>: Net Long | EGP +33.5 mn<br \/>\n <strong>Domestic<\/strong>: Net Long | EGP +53.9 mn<\/p>\n<p><strong>Retail<\/strong>: 71.7% of total trades | 71.8% of buyers | 70.3% of sellers<br \/>\n <strong>Institutions<\/strong>: 28.3% of total trades | 28.2% of buyers | 29.7% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 41.22 (-1.74%)<br \/>\n <strong>Brent:<\/strong> USD 44.40 (-1.53%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 2.24 MMBtu, (+3.37%, September 2020 contract)<br \/>\n <strong>Gold:<\/strong> USD 2,028.00 \/ troy ounce (-2.00%)<\/p>\n<p><strong>TASI:<\/strong> 7,499.97 (+0.40%) (YTD: -10.60%)<br \/>\n <strong>ADX:<\/strong> 4,359.59 (+1.25%) (YTD: -14.11%)<br \/>\n <strong>DFM:<\/strong> 2,107.64 (+1.36%) (YTD: -23.77%)<br \/>\n <strong>KSE Premier Market:<\/strong> 5,484.13 (-0.12%)<br \/>\n <strong>QE:<\/strong> 9,411.83 (+0.96%) (YTD: -9.72%)<br \/>\n <strong>MSM:<\/strong> 3,568.10 (+0.28%) (YTD: -10.38%)<br \/>\n <strong>BB: <\/strong>1,288.83 (-0.28%) (YTD: -19.96%)<\/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=\"573537\" 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\/09\/573537\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573537\" class=\"content-area-description single-story post-573537 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>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>6 September (Sunday): A <a href=\"https:\/\/bit.ly\/2DpmkkA\">postponed<\/a> Cairo Criminal Court trial of former Finance Minister Youssef Boutros Ghali over charges of issuing a decree in 2005 allowing cars confiscated by the Customs Authority to be released for his personal use.<\/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":573504,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-573503","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"a46884e0-22d5-40eb-9207-6281417f8966","teaser":"","photo_url":"https:\/\/ent.news\/2020\/8\/43.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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