{"id":573546,"date":"2020-08-10T04:09:41","date_gmt":"2020-08-10T04:09:41","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=573546"},"modified":"2025-12-16T09:12:07","modified_gmt":"2025-12-16T09:12:07","slug":"hospitals-gird-for-potential-second-wave-of-covid-19-infections","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/hospitals-gird-for-potential-second-wave-of-covid-19-infections\/","title":{"rendered":"Hospitals gird for potential second wave of covid-19 infections"},"content":{"rendered":"<section id=\"573548\" 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=\"573548\">\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\/10\/what-were-tracking-on-10-august-2020\/\">\r\n                            What we\u2019re tracking on 10 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\/10\/what-were-tracking-on-10-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 head to the ballot box tomorrow and Wednesday. Voters will elect 200 of the 300 members of chamber; the remaining 100 are appointed by presidential order. This is the first-ever election for the newly reconstituted upper house of parliament, which replaces the disbanded Shura Council.<\/p><p><strong>What does a senate do, anyway? <\/strong>Among other things, the upper house of our soon-to-be bicameral parliament will be called to weigh in on the government\u2019s economic and social policies in general and to ratify international treaties. Senators may also be asked to comment on any future constitutional amendments and any other policy issues the president sends its way. One key here is the word \u201copinion,\u201d namely that the Senate will \u201cgive its opinion on these matters\u201d to the presidency and to the speaker of the House of Representatives.<\/p><p><strong>GERD talks could resume today \u2026 with Ethiopia talking to itself.<\/strong> Negotiations over the filling and operation of the Grand Ethiopian Renaissance Dam are supposed to restart today, but Egypt and Sudan have both suggested they may boycott them over Ethiopian intransigence. We have more in this morning\u2019s Diplomacy + Foreign Trade, below.<\/p><p><strong>The Central Bank of Egypt will meet to review interest rates on Thursday.<\/strong> The CBE is poised to leave rates on hold, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-08-09\/emerging-market-volatility-bets-rise-as-trifecta-of-risks-loom?srnd=premium-middle-east&amp;sref=mmeFTDW1\">Bloomberg<\/a> suggests, noting that we offer \u201cone of the world\u2019s highest inflation-adjusted interest rates\u201d that have \u201cmade the nation [attractive] to carry-trade investors again. Rates in Egypt are on par with Malaysia\u2019s at the head of the list of 50 major economies the business information service tracks.<\/p><p><strong>Inflation data for July is due out today.<\/strong> Annual urban inflation ticked up to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/abc9d037-32b2-438e-b86b-e92b6f2dc96c\">5.6% in June<\/a> after hitting <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8e44c93f-4611-4914-bf37-a9990128b4df\">six-month lows<\/a> in May.<\/p><p><strong>RiseUp is holding a three-day digital conference starting Thursday: <\/strong><a href=\"https:\/\/riseupfromhome.riseup.co\/home\">RiseUp from Home<\/a> will bring together regional entrepreneurs for its first event since the onset of the pandemic and feature talks from some regional entrepreneurs, investors and business experts.<\/p><p><strong>What will the upcoming year look like for public schools and universities? We\u2019ll get a <\/strong><strong>better idea on <\/strong><strong>20 August.<\/strong> That\u2019s when the ministers of education and higher education are set to present a comprehensive plan to Prime Minister Moustafa Madbouly, according to a <a href=\"https:\/\/bit.ly\/3iluHw8\">cabinet statement<\/a>. Some form of blended learning is on the menu for the nation\u2019s educational institutions, which will see students divided into smaller groups for the in-person portion of their classes, and will rely on the government\u2019s remote learning platforms for homework, assignments, and tests.<\/p><p><strong>The blended learning model could be here to stay, even when the covid-19 pandemic <\/strong><strong>abates<\/strong>, the statement suggests. Details on the government\u2019s plans moving forward are still scant, but the statement suggests the ministers are looking at how to use the model in the long term. We\u2019ve delved into the transition to blended learning, including what <a href=\"https:\/\/enterprise.press\/blackboards\/told-us-thought-e-learning-took-feedback-schools\/\">schools<\/a>and <a href=\"https:\/\/enterprise.press\/blackboards\/really-think-e-learning\/\">parents<\/a>think of online education, Blackboard, our weekly deep dive into the education industry.<\/p><p><strong>Starting a new company is an act of optimism \u2014 one Egyptians <\/strong><strong><a href=\"https:\/\/bit.ly\/33GJ9ut\">repeated 2,209 times in<\/a><\/strong><strong><a href=\"https:\/\/bit.ly\/33GJ9ut\">July<\/a><\/strong><strong>.<\/strong> GAFI registered 2,209 new companies last month \u2014 an uptick of 2.2% year-on-year and the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ff21f852-72b3-4a78-a7d5-73a24b6aaa11\">second month in a row<\/a> of y-o-y increases after new company formation plunged in April under lockdown measures in place to stem the spread of covid-19.<\/p><p><strong>Qalaa Holdings announced three recipients of full scholarships to pursue graduate <\/strong><strong>studies at top universities<\/strong> in a \u201climited\u201d edition of the annual program, according to <a href=\"https:\/\/ent.news\/2020\/8\/QH-NR-QHSF-2020-EA-Final.pdf\">a statement (pdf)<\/a>. The largest private-sector scholarship program, which has been going strong for 14 years, typically awards scholarships to 15-20 recipients each year. However, the Qalaa Holdings Scholarship Foundation elected to limit the number of recipients in its fourteenth class due to disruptions from the pandemic, including restrictions on travel and online learning. This year\u2019s winners will study finance, psychology and law at top universities in the United Kingdom.<\/p><hr class=\"grey-line\"><p><strong>THE LATEST ON COVID-19-<\/strong><\/p><p><strong>The Health Ministry reported 178 new covid-19 infections yesterday \u2014 the fifth <\/strong><strong>consecutive day of rising single-day case numbers<\/strong> after the country hit a 15-week low on 4 August. The ministry also <a href=\"https:\/\/bit.ly\/3ktuZmv\">confirmed<\/a> 17 new deaths from covid-19 yesterday, bringing the country\u2019s total death toll to 5,009. Egypt has now disclosed a total of 95,492 confirmed cases of covid-19.<\/p><p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>Hospitals in Egypt are gearing up for an anticipated second wave of covid-19 infections<\/strong> and are re-opening isolation facilities following a directive from Health Minister Hala Zayed, according to the head of Matrouh\u2019s Al Negila Hospital, Mohamed Taleb. The hospital was Egypt\u2019s first isolation facility when the pandemic broke out. Taleb told Masaa DMC\u2019s Eman El Hosary last night that while case counts have been decreasing over the past month, the hospital has begun admitting new cases over the past three days (<a href=\"https:\/\/www.youtube.com\/watch?v=FyLZ6lsmRvQ\">watch, runtime: 3:08<\/a>).<\/p><p><strong>Hotels didn\u2019t have a great Eid:<\/strong> Hotel occupancy rates during the Eid break ranged between 25-30%, as fears of covid-19 and the uncertain economic situation continue to weigh on the sector, deputy head of the Hotel Establishment Chamber Hisham Al Shaer said, according to <a href=\"https:\/\/bit.ly\/33IUXg2\">the local press<\/a>. Things haven\u2019t looked much better for hotels in the first week of August either, with occupancy rates in the Red Sea, South Sinai, and Matrouh governorates ranging between 20-30%. Hotels that have obtained health and safety certificates are allowed to operate at a maximum 50% capacity.<\/p><p><strong>USAID has donated 250 ventilators to hospitals in Egypt<\/strong> under a cooperation framework with multilateral and bilateral development institutions launched in April by the International Cooperation Ministry, Minister Rania Al Mashat was <a href=\"https:\/\/bit.ly\/3kxoPC6\">quoted as saying<\/a> by MENA.<\/p><p><strong>Covid-19 vaccines may be only 75% effective: <\/strong>White House covid-19 advisor Anthony Fauci said the chances of having a highly effective vaccine \u2014 one that offers a minimum of 98% protection \u2014 are slim, according to <a href=\"https:\/\/www.cnbc.com\/2020\/08\/07\/coronavirus-vaccine-dr-fauci-says-chances-of-it-being-highly-effective-is-not-great.html\">CNBC<\/a>. Scientists are instead hoping for a vaccine that is at least 75% effective while 50% or 60% would also be acceptable. The US Food and Drug Administration (FDA) said it would approve any vaccine that is at least 50% effective.<\/p><hr class=\"grey-line\"><p class=\"web-image stand-out-borderless\"><a href=\"https:\/\/somabay.com\/\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/somabay-aug1-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p><hr class=\"grey-line\"><p><strong>Lebanese gov\u2019t resignations are beginning to roll in as anger mounts over<\/strong><strong> explosion: <\/strong>Lebanese Information Minister Manal Abdel Samad and Environment Minister Damianos Kattar have resigned amid nationwide protests against the government\u2019s failure to prevent last week\u2019s deadly explosion in Beirut, state television announced, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-08-09\/lebanon-s-minister-of-information-submits-resignation-state-tv?srnd=premium-middle-east&amp;sref=mmeFTDW1\">Bloomberg<\/a>. Protestors demanding a regime change <a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL1N2FB05W\">clashed yesterday<\/a> with police as they broke into the housing and transport ministry offices. On Saturday, they briefly occupied the foreign, economy, and energy ministries.<\/p><p><strong>Lebanon isn\u2019t the only country in the region whose government is coming under<\/strong> <strong>pressure:<\/strong> Thousands of people protested outside Israeli PM Benjamin Netanyahu\u2019s house on Saturday demanding that he resign over corruption allegations and for his response to the pandemic, <a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-israel-protests\/your-time-is-up-thousands-protest-against-netanyahu-over-covid-19-and-alleged-corruption-idUSKCN2540TW\">Reuters<\/a> reports.<\/p><p><strong>Aramco sticks to its guns on dividend payouts:<\/strong> Saudi Aramco remains committed to paying out USD 75 bn in dividends this year despite dwindling profits and mounting debt after a tumultuous year for the company, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-08-09\/saudi-aramco-profit-slumps-73-as-pandemic-chokes-oil-sales?srnd=premium-middle-east\">Bloomberg<\/a> reports. The state-owned oil producer said net income crashed 73% in the second quarter due to the collapse in oil prices in April. At the same time, the company\u2019s debt has surged, due largely to the USD 70 bn loan taken from the country\u2019s sovereign wealth fund to take<a href=\"https:\/\/www.saudiaramco.com\/en\/news-media\/news\/2020\/saudi-aramco-completes-acquisition-of-70-percent-stake-in-sabic\">a 70% stake<\/a> in chemicals company SABIC from the Public Investment Fund.<\/p><p><strong>Israel\u2019s Leviathan field could be transformed into a global gas supplier with the<\/strong><strong> entry of Chevron as a stakeholder<\/strong> through its acquisition of Noble Energy, Delek Drilling CEO Yossi Abu said, according to <a href=\"https:\/\/www.reuters.com\/article\/us-delek-drill-chevron-leviathan\/chevron-can-lift-israels-leviathan-gas-field-on-to-global-stage-partner-says-idUSKCN2521P0\">Reuters<\/a>. Chevron will \u201cbring a significant LNG capability\u201d to the concession, Abu said. The Houston-based energy group had last month announced its plan to acquire Noble, which controls the Leviathan natural gas field alongside Delek. For those of you keeping track at home \u2014 Noble and Delek are the two companies that had signed a landmark <a href=\"https:\/\/enterprise.press\/stories\/2018\/02\/20\/dolphinus-reportedly-signs-usd-15-bn-natural-gas-agreement-with-israel\/\">USD 15 bn agreement<\/a> to export natural gas to Egypt from the field.<\/p><p><strong>Asia, Africa and Latin America saw deforestation accelerating 77% since the start<\/strong><strong> of the pandemic<\/strong> in comparison to 2017-2019 average rates, as many people unable to go to work began to chop down trees for crop production and the sale of wood, according to Global Land Analysis and Discovery data picked up by <a href=\"https:\/\/www.ft.com\/content\/b72e3969-522c-4e83-b431-c0b498754b2d\">the Financial Times<\/a>. Satellites detecting a loss of tree cover showed a sharp uptick in deforestation in Africa and Asia during the first half of the year, especially April and May.<\/p><p class=\"web-image\"><a href=\"https:\/\/media.netflix.com\/en\/press-releases\/paranormal-first-look\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/Paranormal-Netflix-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p><p><strong>Netflix <\/strong><strong><a href=\"https:\/\/media.netflix.com\/en\/press-releases\/paranormal-first-look\">released<\/a><\/strong><strong> its first look images of Egypt\u2019s first Arabic original series on the<\/strong><strong> streaming platform, \u201cParanormal,\u201d <\/strong>an adaptation of the novel by late author Ahmed Khaled Tawfik. The show follows Dr. Refaat Ismail (Ahmed Amin) and his colleague Maggie Mckillop (Razane Jammal) who experience a series of paranormal incidents and try to save their loved ones from danger. The series is written, produced, and directed by Amr Salama, with Mohamed Hefzy as executive producer. Paranormal is slated for a Fall 2020 release.<\/p><p><strong>Instagram has launched its wholly original app Reels in Egypt,<\/strong> the company said in <a href=\"https:\/\/ent.news\/2020\/8\/Reels-Egypt-ENG-Release.pdf\">a<\/a><a href=\"https:\/\/ent.news\/2020\/8\/Reels-Egypt-ENG-Release.pdf\">statement (pdf)<\/a> yesterday. Totally not taking its cue from another wildly popular social media app, Reels allows users to take short video clips, set them to music and share them with friends.<\/p><p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/11\/CIRA-Blackboard-Banner-B.jpg?ssl=1\" alt=\"enterprise\"><\/p><p><strong>*** It\u2019s Blackboard day:<\/strong> We have our weekly look at the business of education in Egypt, from pre-K through the highest reaches of higher ed. Blackboard appears every Monday in Enterprise in the place of our traditional industry news roundups.<\/p><p><strong>In today\u2019s issue:<\/strong> We revisit the education services sector\u2019s performance on the EGX since the outset of the covid-19 pandemic. The sector has proven itself as a defensive sector, outperforming the broader stock market in the past five months.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/agriculture\/\">agriculture<\/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\" 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\/inflation\/\">inflation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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\/lebanon\/\">Lebanon<\/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\/senate\/\">Senate<\/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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stk-tqm6icb-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-tqm6icb-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240924.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.sodic.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27487.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Live More<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-qh1sliu\" data-v=\"4\" 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    <span>Driving growth<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-left\" class=\"svg-inline--fa fa-chevron-left\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M34.52 239.03L228.87 44.69c9.37-9.37 24.57-9.37 33.94 0l22.67 22.67c9.36 9.36 9.37 24.52.04 33.9L131.49 256l154.02 154.75c9.34 9.38 9.32 24.54-.04 33.9l-22.67 22.67c-9.37 9.37-24.57 9.37-33.94 0L34.52 272.97c-9.37-9.37-9.37-24.57 0-33.94z\"><\/path><\/svg><\/button><button class=\"stk-block-carousel__button stk-block-carousel__button__next\" aria-label=\"Next slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-right\" 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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\/10\/egypts-talk-shows-the-latest-in-lebanon-senate-elections-covid-19-second-wave-preparations\/\">\r\n                            Egypt\u2019s talk shows: The latest in Lebanon + Senate elections + covid-19 second wave preparations                        <\/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 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href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2020\/08\/10\/egypts-talk-shows-the-latest-in-lebanon-senate-elections-covid-19-second-wave-preparations\/\">\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 talk shows: The latest in Lebanon + Senate elections + covid-19 second wave preparations&url=https:\/\/enterpriseam.com\/egypt\/2020\/08\/10\/egypts-talk-shows-the-latest-in-lebanon-senate-elections-covid-19-second-wave-preparations\/\">\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\/10\/egypts-talk-shows-the-latest-in-lebanon-senate-elections-covid-19-second-wave-preparations\/&title=Egypt\u2019s talk shows: The latest in Lebanon + Senate elections + covid-19 second wave preparations\">\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+talk+shows%3A+The+latest+in+Lebanon+%2B+Senate+elections+%2B+covid-19+second+wave+preparations+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F08%2F10%2Fegypts-talk-shows-the-latest-in-lebanon-senate-elections-covid-19-second-wave-preparations%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" 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developments in Lebanon and Egypt\u2019s Senate elections<\/strong> were the main talking points on the airwaves last night.<\/p>\n<p><strong>A donor conference for Lebanon yesterday organized by French President Emmanuel Macron<\/strong> was of particular interest to Ala Mas\u2019ouleety\u2019s Ahmed Moussa (<a href=\"https:\/\/www.youtube.com\/watch?v=YE5ZavVa_hE&t=234s\">watch, runtime: 6:43<\/a>) and Masaa DMC\u2019s Eman El Hosary (<a href=\"https:\/\/www.youtube.com\/watch?v=DtxT0DG2nxA\">watch, runtime: 1: 07<\/a>), who gave viewers a rundown of the key outcomes. International donors <a href=\"https:\/\/www.ft.com\/content\/c44ff8e3-1715-499f-8d0e-6774a3d6b8aa\">pledged<\/a> EUR 250 mn in emergency aid at the conference. Damage to Beirut in last week\u2019s explosion is more likely in the USD 15 bn range.<\/p>\n<p><strong>The Arab League cannot carry out an independent investigation into the Beirut explosion<\/strong>, but can work with any relevant Arab bodies that decide to probe the incident, Assistant Secretary General Hossam Zaki explained to Moussa (<a href=\"https:\/\/www.youtube.com\/watch?v=iI92eF4bQi4\">watch, runtime: 15:45<\/a>).<\/p>\n<p><strong>Closer to home, Immigration Minister Nabila Makram explained how Egyptians living abroad can vote in the Senate elections.<\/strong> The polls close for expats today, and voters living here in Egypt will be able to cast their votes tomorrow and Wednesday (<a href=\"https:\/\/www.youtube.com\/watch?v=HjEiNjhxLoQ&t=114s\">watch, runtime: 9:00<\/a>).<\/p>\n<p><strong>Electricity Act amendments also got some airtime:<\/strong> Moussa had a chat with House Legislative Committee deputy head Ehab El Tamawi to explain the proposed amendments to the Electricity Act, which we cover in this morning\u2019s Speed Round, below (<a href=\"https:\/\/www.youtube.com\/watch?v=Gs__D8uRbGQ&t=275s\">watch, runtime: 19:09<\/a>). Electricity Minister spokesman Ayman Hamza also phoned in to Moussa\u2019s show to discuss the bill and the ministry\u2019s plans to improve the quality of service of distribution companies (<a href=\"https:\/\/www.youtube.com\/watch?v=jXx-bVPdsUU\">watch, runtime: 17:01<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/legislation\/\">legislation<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"573551\" 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=\"573551\">\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\/10\/egyptian-economy-to-grow-at-2-5-3-clip-in-fy2020-2021-hsbc\/\">\r\n                            Egyptian economy to grow at 2.5-3% clip in FY2020-2021 -HSBC                        <\/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\/10\/egyptian-economy-to-grow-at-2-5-3-clip-in-fy2020-2021-hsbc\/\" 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\/10\/egyptian-economy-to-grow-at-2-5-3-clip-in-fy2020-2021-hsbc\/')\">\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\/10\/egyptian-economy-to-grow-at-2-5-3-clip-in-fy2020-2021-hsbc\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egyptian economy to grow at 2.5-3% clip in FY2020-2021 -HSBC&url=https:\/\/enterpriseam.com\/egypt\/2020\/08\/10\/egyptian-economy-to-grow-at-2-5-3-clip-in-fy2020-2021-hsbc\/\">\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\/10\/egyptian-economy-to-grow-at-2-5-3-clip-in-fy2020-2021-hsbc\/&title=Egyptian economy to grow at 2.5-3% clip in FY2020-2021 -HSBC\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egyptian+economy+to+grow+at+2.5-3%25+clip+in+FY2020-2021+-HSBC+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F08%2F10%2Fegyptian-economy-to-grow-at-2-5-3-clip-in-fy2020-2021-hsbc%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\/10\/egyptian-economy-to-grow-at-2-5-3-clip-in-fy2020-2021-hsbc\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/57.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"573552\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/10\/egyptian-economy-to-grow-at-2-5-3-clip-in-fy2020-2021-hsbc\/57-jpg-15\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/57.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"57.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/57.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/57.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573551\" class=\"content-area-description single-story post-573551 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round tag-budget-deficit tag-economy tag-enterpriseam tag-gdp tag-hsbc tag-imf tag-speed-round tag-suez-canal tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>HSBC sees the Egyptian economy growing at a 2.5-3% clip in FY2020-2021<\/strong> as strong economic fundamentals help the country weather the worst of the economic fallout caused by the covid-19 pandemic, according to a research note picked up by <a href=\"https:\/\/www.alborsaanews.com\/2020\/08\/09\/1371395\">the local press<\/a>. Growth will remain weak for the remainder of 2020, but <strong>the outlook over the next 18 months remains positive, with output likely picking up in 2021<\/strong>, the bank said. HSBC\u2019s forecast is significantly below the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/abebb78b-cad6-4311-a2f0-5a4113f1ee64\">Finance Ministry\u2019s estimate<\/a>, which sees GDP growing at a 5% clip this fiscal year.<\/p>\n<p><strong>Egypt\u2019s success at securing international funding and attracting bond investors underlines the country\u2019s economic stability<\/strong>, analysts wrote. The country has obtained <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e4b88b68-45c9-4f66-bbba-1e8999ee8f3f\">USD 8 bn in loans<\/a> from the IMF and a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5bdc9650-258c-451e-8766-8eddf65e91b4\">USD 50 mn facility<\/a> from the World Bank to help it cope with the effects of the pandemic, while its <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/925263b4-1bc7-4df7-bcdc-3335f83063f0\">USD 5 bn eurobond issuance<\/a> in May was well received by foreign investors.<\/p>\n<p><strong>HSBC sees t<\/strong><strong>he budget deficit widening to 9% of GDP<\/strong> by the end of the current fiscal year from <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2a87de9d-a077-41e0-95c4-cbfd102a17d4\">7.8% last year<\/a>, almost reversing two years\u2019 of progress that saw the deficit narrow from <a href=\"https:\/\/enterprise.press\/stories\/2018\/07\/29\/finmin-announces-fy2017-18-budget-results\/\">9.8% in FY2017-2018<\/a>. The government <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c0557143-d132-4f80-a888-edd3c67085c5\">currently expects<\/a> the deficit to narrow further to 6.3% this year.<\/p>\n<p><strong>Pressure on Egypt\u2019s key sources of hard currency will continue:<\/strong> Suez Canal revenues will remain weak amid a slowdown in global trade while the tourism sector will take time to recover from the suspension of international travel earlier in the year. Remittance flows will depend to a large extent on the trajectory of the Gulf economies. Recessions in countries with large Egyptian workforces could reduce demand for Egyptian labor as governments look to provide jobs for the local populations.<\/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\/budget-deficit\/\">budget deficit<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gdp\/\">GDP<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hsbc\/\">HSBC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/imf\/\">IMF<\/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\/suez-canal\/\">Suez Canal<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"573563\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"573564\" 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=\"573564\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">THE MACRO PICTURE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/10\/over-a-quarter-of-global-product-sourcing-will-move-to-new-countries-study-finds\/\">\r\n                            Over a quarter of global product sourcing will move to new countries, study finds                        <\/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\/10\/over-a-quarter-of-global-product-sourcing-will-move-to-new-countries-study-finds\/\" 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\/10\/over-a-quarter-of-global-product-sourcing-will-move-to-new-countries-study-finds\/')\">\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\/10\/over-a-quarter-of-global-product-sourcing-will-move-to-new-countries-study-finds\/\">\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=Over a quarter of global product sourcing will move to new countries, study finds&url=https:\/\/enterpriseam.com\/egypt\/2020\/08\/10\/over-a-quarter-of-global-product-sourcing-will-move-to-new-countries-study-finds\/\">\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\/10\/over-a-quarter-of-global-product-sourcing-will-move-to-new-countries-study-finds\/&title=Over a quarter of global product sourcing will move to new countries, study finds\">\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=Over+a+quarter+of+global+product+sourcing+will+move+to+new+countries%2C+study+finds+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F08%2F10%2Fover-a-quarter-of-global-product-sourcing-will-move-to-new-countries-study-finds%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\/10\/over-a-quarter-of-global-product-sourcing-will-move-to-new-countries-study-finds\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/62.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"573565\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/10\/over-a-quarter-of-global-product-sourcing-will-move-to-new-countries-study-finds\/62-jpg-12\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/62.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"62.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/62.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/62.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573564\" class=\"content-area-description single-story post-573564 post type-post status-publish format-standard has-post-thumbnail hentry category-the-macro-picture tag-covid-19 tag-enterpriseam tag-manufacturing tag-the-macro-picture wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>Good news if you\u2019re looking to integrate your company into the global supply <\/strong><strong>chain \u2014 a \u201creordering\u201d of the system could open up new windows:<\/strong> More than a quarter of global product procurement could shift to new countries over the next five years, a new study by <a href=\"http:\/\/mckinsey.com\/business-functions\/operations\/our-insights\/risk-resilience-and-rebalancing-in-global-value-chains#\">McKinsey Global Institute<\/a> shows. Products worth up to USD 4.6 tn are at stake due to cost considerations and state pressure on manufacturers to become more self-reliant, the research arm of the global consulting firm said in a report. The findings highlight the pandemic-induced shift from long supply chains to \u201cresilience and regionalization,\u201d which were building [up even] before the pandemic hit, says the <a href=\"https:\/\/www.ft.com\/content\/a4544767-f93d-48b0-bde4-ad8a582922ab\">Financial Times<\/a>.<\/p>\n<p><strong>The need for resilience: <\/strong>According to MGI\u2019s report, companies can expect a major disruption to their supply chains every 3.7 years, leading to a loss of over 40% of a year\u2019s worth of profits every decade. This is a result of trade tensions, cyber threats, and environmental risk subjecting businesses to \u201ccostly interruptions,\u201d said MGI partner Susan Lund.<\/p>\n<p><strong>The take-home lesson: Diversify and keep it in your neighborhood. <\/strong>Companies need to have options and also bring their supply chains closer to home, Lund said. \u201cYou can invest in supply chain resilience and still come out ahead.\u201d<\/p>\n<p><strong>Analysts are split on whether we\u2019re going to see a reversal of globalization.<\/strong> Although Boston Consulting Group recently said that US-China trade could shrink by up to 15% from 2019 levels come 2023, S&P Global Ratings analysts say US companies may still be hesitant to lose access to the world\u2019s second-largest economy (and largest manufacturing hub). Many in the US have, however, admitted that their supply chains are becoming overdrawn and complex, Lund said. On the flipside, markets sage Mohamed El Erian <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2757fee4-3049-4f5d-b350-577167397824\">had said back in May<\/a> that we\u2019re entering an era of deglobalization, which will be driven largely by changing company behavior. Businesses will move away from relying on \u201cjust-in-time\u201d models as resilience and sustainability become watchwords. That means they will begin localizing supply chains, and that also means there will be an increased intertwining of the public and private sectors in developed markets.<\/p>\n<p><strong>Want more? Go read <\/strong><strong><a href=\"https:\/\/www.ft.com\/content\/3a21c843-43ed-4e94-b78e-635947050c71\">The great trade unwinding<\/a><\/strong>, by the FT\u2019s Rana Foroohar for how this fits into the \u201cdramatic\u201d change we\u2019re about to see in global commerce patterns.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-macro-picture\/\">THE MACRO PICTURE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"573566\" 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=\"573566\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/10\/egypt-in-the-news-on-10-august-2020\/\">\r\n                            Egypt in the News on 10 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\/10\/egypt-in-the-news-on-10-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\/10\/egypt-in-the-news-on-10-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\/10\/egypt-in-the-news-on-10-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 10 August 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/08\/10\/egypt-in-the-news-on-10-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\/10\/egypt-in-the-news-on-10-august-2020\/&title=Egypt in the News on 10 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+10+August+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F08%2F10%2Fegypt-in-the-news-on-10-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\/10\/egypt-in-the-news-on-10-august-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573566\" class=\"content-area-description single-story post-573566 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-egypt-in-the-news tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>It\u2019s a very quiet news day for Egypt in the international press<\/strong>, with the most widely picked-up news being an <a href=\"https:\/\/apnews.com\/cb7f6c7408952a5bbc2c7baa5e0e5a2f\">Associated Press<\/a> report that nine people died in a Banha car crash. The accident was reportedly caused by speeding.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-in-the-news\/\">Egypt in the News<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"573567\" 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=\"573567\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">Worth watching<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/10\/robot-waiter-mozo-is-on-shift-at-an-egyptian-restaurant\/\">\r\n                            Robot waiter Mozo is on shift at an Egyptian restaurant                        <\/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\/10\/robot-waiter-mozo-is-on-shift-at-an-egyptian-restaurant\/\" target=\"_blank\">\n               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class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Robot+waiter+Mozo+is+on+shift+at+an+Egyptian+restaurant+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F08%2F10%2Frobot-waiter-mozo-is-on-shift-at-an-egyptian-restaurant%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\/10\/robot-waiter-mozo-is-on-shift-at-an-egyptian-restaurant\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/63.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"573568\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/10\/robot-waiter-mozo-is-on-shift-at-an-egyptian-restaurant\/63-jpg-13\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/63.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"63.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/63.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/63.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573567\" class=\"content-area-description single-story post-573567 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-watching tag-ai tag-covid-19 tag-enterpriseam tag-food tag-technology tag-worth-watching wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>How much will Egyptian customers be tipping these robot waiters?<\/strong> Mozo the robot is waiting tables at <a href=\"https:\/\/bit.ly\/3afh1jp\">Kimbo<\/a>, an Egyptian restaurant, taking orders and delivering food to customers who are wary of interacting with human waiters during the covid-19 pandemic, this Reuters video shows (<a href=\"https:\/\/twitter.com\/Reuters\/status\/1292440491469033475\">watch, runtime: 01:19<\/a>).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ai\/\">AI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/food\/\">food<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/technology\/\">technology<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/worth-watching\/\">worth watching<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"573569\" 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=\"573569\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/10\/diplomacy-foreign-trade-on-10-august-2020\/\">\r\n                            Diplomacy + Foreign Trade on 10 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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class=\"content-area-description single-story post-573569 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-covid-19 tag-diplomacy-foreign-trade tag-dr-congo tag-electricity tag-elsewedy-electric tag-energy tag-enterpriseam tag-ethiopia tag-gerd tag-south-africa tag-sudan tag-trade 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-06\"><\/a> <strong>Sudan says it\u2019s boycotting new GERD talks over Ethiopian unilateralism \u2014 will Egypt<\/strong><strong> follow suit? <\/strong>Sudan will not attend a new round of talks over the Grand Ethiopian Renaissance Dam (GERD) slated for today, citing Ethiopia\u2019s refusal to commit to a filling timetable for the dam\u2019s reservoir, one of the key sticking points, <a href=\"https:\/\/bit.ly\/3fDbkgd\">Al Arabiya reports<\/a>, citing an unnamed government source. As of yesterday, Egypt had not yet formally announced whether it would attend today\u2019s talks, <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=09082020&id=c415bd05-994b-4e72-ade3-6593f60c172b&fbclid=IwAR1daVWu5AxmZYdDDZoDHFv58c_cOGoPu7rUZUzeNZnjToJ8UNre-aKNPEs\">Al Shorouk<\/a> reports, citing an unnamed official source. The source stressed that Egypt\u2019s position remains unchanged and that Ethiopia was not committing to past agreements. Ethiopian Foreign Ministry spokesman <a href=\"https:\/\/twitter.com\/mfaethiopia\/status\/1291703101158719490\">Dina Mufti had said on Friday<\/a> that Addis Ababa would not sign an agreement that allocates specific Nile water shares to countries downstream of the GERD. The last round of African-Union sponsored talks between Egypt, Ethiopia and Sudan ended in mid-July without the sides reaching an agreement.<\/p>\n<p><strong>ElSewedy subsidiary signs USD 38.6 mn contract to build energy substation in DR<\/strong><strong> Congo: <\/strong>ElSewedy Electric for Transmission and Distribution of Energy \u2014 a subsidiary of ElSewedy Electric \u2014 signed a USD 38.6 mn contract with DR Congo\u2019s Societe Nationale d'Electricite to build a high-voltage distribution substation in Kasumbalesa City, according to a <a href=\"https:\/\/www.egx.com.eg\/downloads\/News\/%d8%a7%d9%84%d8%b3%d9%88%d9%8a%d8%af%d9%89%20%d8%a7%d9%86%d8%ac%d9%84%d9%8a%d8%b2%d9%89%2009-08-2020.pdf\">disclosure (pdf)<\/a>. The project will connect DR Congo\u2019s electricity grid with the Southern Africa Power Pool, as well as increase the province\u2019s electricity supply.<\/p>\n<p><strong>The Egyptian Cotton Exporters Union signed contracts worth USD 154 mn since the<\/strong><strong> beginning of the season<\/strong> last September, union member Nabil El Sentrisi told <a href=\"https:\/\/bit.ly\/3fF16fh\">Al Mal<\/a>. The union expects around 10% of the export contracts to be canceled as the pandemic weighs on global markets.<\/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\/diplomacy-foreign-trade\/\">Diplomacy + Foreign Trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/dr-congo\/\">DR Congo<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/electricity\/\">electricity<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/elsewedy-electric\/\">Elsewedy Electric<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/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\/trade\/\">trade<\/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=\"573573\" 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=\"573573\">\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\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/10\/the-market-yesterday-143\/\">\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\/10\/the-market-yesterday-143\/\" 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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CIB, the index\u2019s heaviest constituent, ended up 1.7%. EGX30\u2019s top performing constituents were Madinet Nasr Housing up 6.2%, Qalaa Holdings up 5.8%, and GB Auto up 4.4%. Yesterday\u2019s worst performing stocks were Orascom Construction down 2.5%, Porto Group down 1.4% and Orascom Investment Holding down 0.6%. The market turnover was EGP 1.2 bn, and domestic investors were the sole net buyers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Short | EGP -60.6 mn<br \/>\n <strong>Regional<\/strong>: Net Short | EGP -2.1 mn<br \/>\n <strong>Domestic<\/strong>: Net Long | EGP +62.7 mn<\/p>\n<p><strong>Retail<\/strong>: 82.8% of total trades | 81.8% of buyers | 83.9% of sellers<br \/>\n <strong>Institutions<\/strong>: 17.2% of total trades | 18.2% of buyers | 16.1% 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> 7,530.31 (+0.40%) (YTD: -10.24%)<br \/>\n <strong>ADX:<\/strong> 4,331.49 (-0.64%) (YTD: -14.66%)<br \/>\n <strong>DFM:<\/strong> 2,093.63 (-0.66%) (YTD: -24.28%)<br \/>\n <strong>KSE Premier Market:<\/strong> 5,511.89 (+0.51%)<br \/>\n <strong>QE:<\/strong> 9,398.90 (-0.14%) (YTD: -9.85%)<br \/>\n <strong>MSM:<\/strong> 3,587.35 (+0.54%) (YTD: -9.89%)<br \/>\n <strong>BB: <\/strong>1,292.91 (+0.32%) (YTD: -19.70%)<\/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=\"573574\" 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\/10\/573574\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573574\" class=\"content-area-description single-story post-573574 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":573547,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-573546","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"c395d66c-c2dd-47a1-b66f-eb208caa5730","teaser":"","photo_url":"https:\/\/ent.news\/2020\/8\/53.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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