{"id":573670,"date":"2020-08-13T04:06:36","date_gmt":"2020-08-13T04:06:36","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=573670"},"modified":"2025-12-16T09:16:13","modified_gmt":"2025-12-16T09:16:13","slug":"banque-du-caire-isnt-debuting-on-the-egx-this-year","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/banque-du-caire-isnt-debuting-on-the-egx-this-year\/","title":{"rendered":"Banque du Caire isn\u2019t debuting on the EGX this year"},"content":{"rendered":"<section id=\"573672\" 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=\"573672\">\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\/13\/what-were-tracking-on-13-august-2020\/\">\r\n                            What we\u2019re tracking on 13 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\/13\/what-were-tracking-on-13-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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All signs point to a hold, with <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/62ed3189-43e6-494b-bf61-218768d1d8e9\">nine of the 10 analysts we polled this week<\/a> expecting the central bank to leave rates unchanged.<\/p><p><strong>RiseUp is holding a three-day digital conference starting today: <\/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>COVID-19 IN EGYPT-<\/strong><\/p><p><strong>The Health Ministry <\/strong><strong><a href=\"https:\/\/bit.ly\/30QK2it\">confirmed<\/a><\/strong><strong> 26 new deaths from covid-19 yesterday<\/strong>, bringing the country\u2019s total death toll to 5,085. Egypt has now disclosed a total of 95,963 confirmed cases of covid-19, after <strong>the ministry reported 129 new infections yesterday.<\/strong> We now have a total of 55,901 confirmed cases that have fully recovered.<\/p><p><strong>DONATIONS-<\/strong><\/p><p><strong>Germany\u2019s diplomatic mission in Cairo is donating EUR 30k<\/strong> to Egypt\u2019s <a href=\"https:\/\/mersal-ngo.org\/\">Mersal Foundation<\/a> to help provide hospitals across the country with medical equipment and PPE, according to <a href=\"https:\/\/kairo.diplo.de\/eg-ar\/aktuelles\/-\/2374652\">a statement<\/a>.<\/p><hr class=\"grey-line\"><p><strong>Egypt sends fourth aid shipment to Lebanon:<\/strong> An Egyptian plane loaded with 14 tonnes of flour arrived in Lebanon yesterday, as the country\u2019s primary wheat silo was destroyed by the devastating blast which hit the Port of Beirut on 4 August, <a href=\"https:\/\/bit.ly\/2XR74Uf\">Egypt\u2019s embassy in Lebanon said<\/a>.<\/p><p><strong>WHO calls for more donations: <\/strong>The World Health Organization is calling on foreign donors to raise USD 76 mn to offset damages to medical facilities and supplies, the agency\u2019s regional programme director, Rana Hajjeh, said, according to <a href=\"https:\/\/www.reuters.com\/article\/us-lebanon-security-blast-who\/who-seeking-76-million-for-lebanon-after-beirut-blast-concerned-about-coronavirus-idUSKCN2581YL?il=0\">Reuters<\/a>. The organization is particularly concerned about the country\u2019s ability to cope with covid-19, particularly as last week\u2019s blast put three hospitals out of operation \u2014 critically reducing the number of hospital beds available to treat cases.<\/p><p><strong>Pompeo is heading to Vienna to talk EastMed tensions with Greece\u2019s Dendias:<\/strong> US Secretary of State Mike Pompeo will meet with his Greek counterpart Nikos Dendias in Vienna on Friday to discuss Turkish-Greek disputes over gas exploration and drilling in the eastern Mediterranean, <a href=\"https:\/\/www.reuters.com\/article\/us-greece-usa-turkey\/greece-u-s-foreign-ministers-to-meet-over-eastern-mediterranean-tensions-idUSKCN25817U\">Reuters<\/a> reports. Egypt and Greece signed a joint economic zone <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3c3ad5b2-df09-4b29-a8b0-493e1b964837\">agreement<\/a> in the EastMed earlier this week, drawing ire from Turkey and leading to a series of escalations from Ankara and Athens. <strong>Turkey says it wants to engage in dialogue to resolve its dispute with Greece <\/strong>over the EastMed, but warned it was prepared to defend its \u201crights and interests,\u201d <a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL8N2FE398\">the newswire<\/a> said.<\/p><p class=\"web-image stand-out-borderless\"><a href=\"https:\/\/somabay.com\/\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/somabay-aug1-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p><p><strong>With oil prices still low, Saudi Aramco is slashing its planned capex spending by 50%<\/strong><strong> next year <\/strong>to USD 25 bn, and might not ramp up this figure until 2023, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-08-12\/saudi-arabian-oil-giant-aramco-plans-huge-spending-cut-for-2021?srnd=premium-middle-east&amp;sref=mmeFTDW1\">Bloomberg<\/a> reports, citing sources familiar with the matter. The oil giant is cutting spending at the same time it committed to pay out USD 75 bn in dividends this year despite sustaining a 73% plunge in its 2Q2020 earnings. \u201cThey view their ability to maintain the dividend as a competitive advantage over other oil companies, and they can cut back on capex without putting themselves in a precarious position to ramp up production when demand recovers, SMBC Nikko Securities America energy equity research David Havens says.<\/p><p><strong>The \u201csummer of discontent\u201d that petrostates are grappling with may be the shape of<\/strong><strong> things to come<\/strong>, even after OPEC salvaged oil from its historic drop to bring it up to the USD 40 \/ bbl mark, <a href=\"https:\/\/bloom.bg\/3fOcNjX\">Bloomberg<\/a> says. The oil cartel\u2019s \u201cshaky six\u201d \u2014 Algeria, Iran, Iraq, Libya, Nigeria, Venezuela \u2014 all face restive political and economic climates that underscore the lack of a quick fix anytime soon, even if production rebounds. The pandemic\u2019s toll on travel, international and local, is also likely to be long-lasting, hastening the conversation about peak demand and an inevitable shift to clean and renewable energy.<\/p><p><strong>A rally in tech stocks helped the S&amp;P 500 close trading yesterday just shy of its February <\/strong><strong>peak<\/strong>, <a href=\"https:\/\/www.reuters.com\/article\/us-usa-stocks\/sp-500-finishes-within-points-of-record-high-close-idUSKCN2581CJ?il=0\">Reuters<\/a> reports. The Nasdaq and Dow Jones also rallied yesterday, but the Dow Jones has yet to rebound to record levels reached in February. \u201cClearly the market has been outperforming the economy by a wide stretch recently,\u201d said JP Morgan Asset Management Chief Global Strategist David Kelly. Democratic presidential nominee Joe Biden\u2019s selection of California Senator Kamala Harris earlier this week has also given the market \u201ca little bit of relief in that you now have basically two centrist candidates on the Democratic ticket,\u201d Kelly said.<\/p><p><strong>The UK economy is a basketcase right now:<\/strong> UK economic output collapsed by a stunning 20.4% in the second quarter, the deepest recession of any major European economy and the biggest contraction on record, <a href=\"https:\/\/www.ons.gov.uk\/economy\/grossdomesticproductgdp\/timeseries\/l2kq\/pn2\">official figures<\/a> showed yesterday. Analysts speaking to the <a href=\"https:\/\/www.ft.com\/content\/c8b172e2-8f70-4118-9e81-423e9a4b6839\">Financial Times<\/a> attributed the cratering economy to the country\u2019s long lockdown and its dependency on consumer-facing services, which account for 80% of output.<\/p><p><strong>Time to be on the EUR? <\/strong>Speculation that the USD will fall and that the EUR will rise to record levels has reached a nine year high, thanks in large part to a USD 882 bn stimulus package passed by eurozone leaders, and better containment of the pandemic on the continent compared to the US, <a href=\"https:\/\/www.axios.com\/euro-dollar-investors-bonds-stocks-trade-9e1373d5-dc32-4b76-b753-046f9008721d.html\">Axios<\/a> says. <strong>Proceed with caution:<\/strong> The last time investors piled into the EUR in 2018, the market reversed and the USD soared.<\/p><hr class=\"grey-line\"><p><a id=\"tldr-story-05\" class=\"content-anchor\"><\/a> <strong>A glimpse into Egypt\u2019s WTO director-general candidate\u2019s proposed policy plan:<\/strong> Egypt\u2019s candidate for the top position at the World Trade Organization (WTO) wants to overhaul the organization\u2019s political vision to better address the host of trade issues currently plaguing the world, according to <a href=\"https:\/\/www.thenational.ae\/world\/europe\/wto-is-in-system-meltdown-according-to-the-egyptian-who-wants-to-run-the-body-1.1062808\">the National<\/a>. Speaking at a webinar yesterday, Abdel Hamid Mamdouh said that, if he is elected to the top job, his top priorities would be \u201cto have a clear vision for a reform agenda and reform process \u2026 What do we want to do with this organization?\u201d The career diplomat said the WTO is facing a \u201ccomplete meltdown\u201d in its systems as a result of unsustainable and \u201c\u2018excessive pressure on its dispute settlement function,\u2019\u201d putting it under a stress test that necessitates serious reforms. Mamdouh is one of six candidates that have been shortlisted to become the new WTO director-general, with the winning nominee set to be named before Roberto Azev\u00eado steps down on 31 August.<\/p><p><a id=\"tldr-story-06\" class=\"content-anchor\"><\/a> <strong>How the pandemic has forced businesses to adapt their operations to become more<\/strong><strong> resilient:<\/strong> The covid-19 pandemic uncovered significant weaknesses in global businesses\u2019 key operational areas, leading many to adopt new business plans that are grounded in diversification and agility, HSBC said in <a href=\"https:\/\/ent.news\/2020\/8\/resilience-report.pdf\">a report (pdf)<\/a>. Businesses surveyed by the bank are setting long-term plans for their staffing and office arrangements, with some saying they are looking to cut back on their office spaces or production locations, and 69% telling the bank that \u201cflexible working will become standard practice\u201d as virtual work and meetings also become more commonplace.<\/p><p><strong>Altogether, sustainability is the name of the game<\/strong>: Businesses are restructuring their own operations to increase sustainability, and some are also looking at environmental sustainability. To that end, companies are making changes to their supply chains in the next two years, either by diversifying, restricting or shortening their supply chain, or increasing the security of their supply chains \u201cby identifying and securing critical suppliers.\u201d<\/p><p><strong>Some 42% of the world\u2019s youth (ages 18-29) witnessed a fall in their incomes since the<\/strong><strong> onset of the pandemic<\/strong>, according to findings by UN\u2019s International Labor Organization (ILO). The pandemic\u2019s impact on the youth was found to be \u201csystematic, deep and disproportionate,\u201d with young women, youth in lower-income countries, and youth working in \u201csupport services and sales-related occupations\u201d bearing the brunt of the losses, the <a href=\"https:\/\/www.axios.com\/euro-dollar-investors-bonds-stocks-trade-9e1373d5-dc32-4b76-b753-046f9008721d.html\">ILO<\/a><a href=\"https:\/\/www.axios.com\/euro-dollar-investors-bonds-stocks-trade-9e1373d5-dc32-4b76-b753-046f9008721d.html\">report (pdf)<\/a> said.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/aramco\/\">Aramco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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report on the nation\u2019s talk shows is on a brief hiatus.<\/strong> We\u2019ll be back the week after next.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"573675\" 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=\"573675\">\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\/13\/banque-du-caire-ipo-on-hold-until-2021\/\">\r\n                            Banque du Caire IPO on hold until 2021                        <\/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\/13\/banque-du-caire-ipo-on-hold-until-2021\/\" 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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           <\/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\/13\/banque-du-caire-ipo-on-hold-until-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573675\" class=\"content-area-description single-story post-573675 post type-post status-publish format-standard hentry category-speed-round tag-abu-dhabi-development-holding tag-banque-du-caire tag-ebrd tag-enterpriseam tag-ipo-watch tag-sovereign-fund-of-egypt tag-speed-round tag-tarek-fayed 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>IPO WATCH- Banque du Caire\u2019s IPO isn\u2019t happening before 2021: <\/strong>State-owned Banque du Caire\u2019s (BdC) plans to debut on the EGX won\u2019t be seeing the light of day until next year once the covid-19 pandemic has subsided, <a href=\"https:\/\/bit.ly\/2PO2yS6\">Masrawy<\/a> reports, citing unnamed sources familiar with the matter. The bank had planned to float 20-30% of its shares on the exchange in April but <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/40690e96-1782-465c-b1ae-4e96bd528bea\">shelved the listing<\/a> due to the market turmoil caused by the virus.<\/p>\n<p><strong>Background: <\/strong>BdC was hoping to raise some USD 500 mn via its IPO on the EGX in what was expected to be the country\u2019s <a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL5N2C002W\">biggest sale of state assets<\/a> since 2006. <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2e0bdf8f-3e92-41bc-bca8-0c446b77dea7\">The European Bank for Reconstruction and Development<\/a>, the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/163fbf90-6fe3-4c26-8f1a-da075ede540c\">Sovereign Fund of Egypt, and Abu Dhabi Development Holding<\/a> were reportedly considering purchasing a stake.<\/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-dhabi-development-holding\/\">Abu Dhabi Development Holding<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banque-du-caire\/\">Banque du Caire<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ebrd\/\">EBRD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ipo-watch\/\">IPO watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sovereign-fund-of-egypt\/\">Sovereign Fund of Egypt<\/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\/tarek-fayed\/\">Tarek Fayed<\/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=\"573685\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"573686\" 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=\"573686\">\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\/13\/egypt-in-the-news-on-13-august-2020\/\">\r\n                            Egypt in the News on 13 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\/13\/egypt-in-the-news-on-13-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\/13\/egypt-in-the-news-on-13-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\/13\/egypt-in-the-news-on-13-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 13 August 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/08\/13\/egypt-in-the-news-on-13-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\/13\/egypt-in-the-news-on-13-august-2020\/&title=Egypt in the News on 13 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+13+August+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F08%2F13%2Fegypt-in-the-news-on-13-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\/13\/egypt-in-the-news-on-13-august-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573686\" class=\"content-area-description single-story post-573686 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-metoo tag-egypt-in-the-news tag-enterpriseam tag-gerd tag-social-media wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>It\u2019s a mixed bag of nuts for Egypt in the foreign press this morning.<\/strong> Among the stories to keep on your radar:<\/p>\n<ul>\n<li><strong>Egypt\u2019s social media storm against [redacted] harassment<\/strong> is still getting foreign coverage, with <a href=\"https:\/\/www.theguardian.com\/world\/2020\/aug\/12\/social-media-users-stir-outrage-against-egypt-sexual-abusers\">the Guardian<\/a> being the latest to pick up the story.<\/li>\n<li><a href=\"https:\/\/www.voanews.com\/middle-east\/egypt-elects-new-upper-chamber-parliament-heat-covid-19-weigh-popular-enthusiasm\">Voice of America<\/a> looked at <strong>voter turnout in Egypt\u2019s two-day Senate elections amid the summer heat and concerns about covid-19<\/strong>.<\/li>\n<li><strong>Reaching a GERD agreement is in everyone\u2019s best interest:<\/strong> Egypt and Ethiopia are both \u201chighly unlikely\u201d to resort to military actions in response to a breakdown in GERD negotiations, which would be a \u201chuge setback for Ethiopia\u2019s regional ambitions, says UK think tank <a href=\"https:\/\/www.chathamhouse.org\/expert\/comment\/nile-basin-states-must-persist-water-diplomacy\">Chatham House<\/a>. Sudan is also keen on reaching an agreement, as its transitional authorities cannot afford to be tied up in another conflict, the piece argues.<\/li>\n<li><strong>LGBTQ+ activists want more from Facebook in the fight against hate speech in<\/strong><strong> Arabic<\/strong>, <a href=\"https:\/\/www.reuters.com\/article\/us-mideast-lgbt-facebook\/ill-kill-you-lgbt-activists-call-on-facebook-to-move-faster-on-arabic-hate-speech-idUSKCN2582M4\">Reuters says<\/a>.<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/metoo\/\">#MeToo<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-in-the-news\/\">Egypt in the News<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gerd\/\">GERD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/social-media\/\">social media<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"573687\" 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=\"573687\">\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\/13\/egypts-intelligence-chief-holds-talks-with-south-sudans-kiir-srf\/\">\r\n                            Egypt\u2019s intelligence chief holds talks with South Sudan\u2019s Kiir, SRF                        <\/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\/13\/egypts-intelligence-chief-holds-talks-with-south-sudans-kiir-srf\/\" 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\/13\/egypts-intelligence-chief-holds-talks-with-south-sudans-kiir-srf\/')\">\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\/13\/egypts-intelligence-chief-holds-talks-with-south-sudans-kiir-srf\/\">\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 intelligence chief holds talks with South Sudan\u2019s Kiir, SRF&url=https:\/\/enterpriseam.com\/egypt\/2020\/08\/13\/egypts-intelligence-chief-holds-talks-with-south-sudans-kiir-srf\/\">\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\/13\/egypts-intelligence-chief-holds-talks-with-south-sudans-kiir-srf\/&title=Egypt\u2019s intelligence chief holds talks with South Sudan\u2019s Kiir, SRF\">\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+intelligence+chief+holds+talks+with+South+Sudan%E2%80%99s+Kiir%2C+SRF+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F08%2F13%2Fegypts-intelligence-chief-holds-talks-with-south-sudans-kiir-srf%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\/13\/egypts-intelligence-chief-holds-talks-with-south-sudans-kiir-srf\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573687\" class=\"content-area-description single-story post-573687 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-abbas-kamel tag-diplomacy tag-diplomacy-foreign-trade tag-enterpriseam tag-south-sudan wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Egypt\u2019s Intelligence chief discusses <\/strong><strong>finalizing South<\/strong><strong> Sudan peace pact with president,<\/strong><strong> SRF: <\/strong>General Intelligence Service head Abbas Kamel <a href=\"https:\/\/bit.ly\/33UgmTy\">met yesterday<\/a> with the leaders of the Sudan Revolutionary Front (SRF) putting the final touches on the South Sudanese peace pact by pushing for \u201ca comprehensive agreement.\u201d Kamel also separately met with <a href=\"https:\/\/bit.ly\/2POimEA\">South Sudanese President Salva Kiir<\/a> during a visit to Juba with an Egyptian delegation of senior officials. Kiir \u2014 a longtime Egypt ally supported by the SRF \u2014 <a href=\"https:\/\/enterprise.press\/stories\/2018\/06\/28\/peace-in-south-sudan\/\">signed in 2018<\/a> a peace agreement with Vice President Riek Machar to end a five-year civil war between two warring factions. Separately, Kamel and Health Minister Hala Zayed inaugurated a new Egyptian medical center in the South Sudanese capital.<\/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\/abbas-kamel\/\">Abbas Kamel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy-foreign-trade\/\">Diplomacy + Foreign Trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/south-sudan\/\">South Sudan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"573688\" 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=\"573688\">\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\">Basic Materials + Commodities<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/13\/egypts-obour-land-to-break-ground-on-egp-255-mn-dairy-farm-before-year-end\/\">\r\n                            Egypt\u2019s Obour Land to break ground on EGP 255 mn dairy farm before year-end                        <\/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\/13\/egypts-obour-land-to-break-ground-on-egp-255-mn-dairy-farm-before-year-end\/\" 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\/13\/egypts-obour-land-to-break-ground-on-egp-255-mn-dairy-farm-before-year-end\/')\">\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\/13\/egypts-obour-land-to-break-ground-on-egp-255-mn-dairy-farm-before-year-end\/\">\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 Obour Land to break ground on EGP 255 mn dairy farm before year-end&url=https:\/\/enterpriseam.com\/egypt\/2020\/08\/13\/egypts-obour-land-to-break-ground-on-egp-255-mn-dairy-farm-before-year-end\/\">\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\/13\/egypts-obour-land-to-break-ground-on-egp-255-mn-dairy-farm-before-year-end\/&title=Egypt\u2019s Obour Land to break ground on EGP 255 mn dairy farm before year-end\">\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+Obour+Land+to+break+ground+on+EGP+255+mn+dairy+farm+before+year-end+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F08%2F13%2Fegypts-obour-land-to-break-ground-on-egp-255-mn-dairy-farm-before-year-end%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\/13\/egypts-obour-land-to-break-ground-on-egp-255-mn-dairy-farm-before-year-end\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573688\" class=\"content-area-description single-story post-573688 post type-post status-publish format-standard hentry category-basic-materials-commodities tag-basic-materials-commodities tag-commodities tag-enterpriseam tag-manufacturing tag-obour-land wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Obour Land will break ground before the end of the year on a new dairy farm expected to cost EGP 255 mn, investor relations head <a href=\"https:\/\/alborsaanews.com\/2020\/08\/12\/1373695\">Ramy El Ghazaly said<\/a>. The cheesemaker had originally planned to launch the project earlier but faced delays due to the covid-19 pandemic, and is currently in the process of obtaining necessary licensing, added El Ghazaly.<\/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\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/obour-land\/\">Obour Land<\/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=\"573689\" 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=\"573689\">\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\">Manufacturing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/13\/three-chinese-textile-manufacturers-looking-to-set-up-shop-in-egypts-freezones\/\">\r\n                            Three Chinese textile manufacturers looking to set up shop in Egypt\u2019s freezones                        <\/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\/13\/three-chinese-textile-manufacturers-looking-to-set-up-shop-in-egypts-freezones\/\" 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\/13\/three-chinese-textile-manufacturers-looking-to-set-up-shop-in-egypts-freezones\/')\">\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\/13\/three-chinese-textile-manufacturers-looking-to-set-up-shop-in-egypts-freezones\/\">\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=Three Chinese textile manufacturers looking to set up shop in Egypt\u2019s freezones&url=https:\/\/enterpriseam.com\/egypt\/2020\/08\/13\/three-chinese-textile-manufacturers-looking-to-set-up-shop-in-egypts-freezones\/\">\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\/13\/three-chinese-textile-manufacturers-looking-to-set-up-shop-in-egypts-freezones\/&title=Three Chinese textile manufacturers looking to set up shop in Egypt\u2019s freezones\">\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=Three+Chinese+textile+manufacturers+looking+to+set+up+shop+in+Egypt%E2%80%99s+freezones+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F08%2F13%2Fthree-chinese-textile-manufacturers-looking-to-set-up-shop-in-egypts-freezones%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\/13\/three-chinese-textile-manufacturers-looking-to-set-up-shop-in-egypts-freezones\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573689\" class=\"content-area-description single-story post-573689 post type-post status-publish format-standard hentry category-manufacturing tag-china tag-enterpriseam tag-manufacturing tag-textiles wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Three Chinese textile manufacturers have submitted requests to the General Authority for Freezones and Investment (GAFI) to set up new facilities in Egypt\u2019s <a href=\"https:\/\/www.gafi.gov.eg\/english\/eServices\/Pages\/free-zones.aspx\">private freezones<\/a>, <a href=\"https:\/\/www.alborsaanews.com\/2020\/08\/12\/1373492\">the local press<\/a> reports, citing unnamed government sources. The manufacturers including Handa, which <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/55dacc6a-7a4e-4ebb-b25c-a2ca06de3d91\">expressed interest<\/a> in setting up a factory worth USD 20 mn in Sharqia\u2019s Belbeis to produce clothes to export to Europe and the US. GAFI is currently reviewing the requests before passing them along to cabinet for final sign-off.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/textiles\/\">textiles<\/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=\"573690\" 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=\"573690\">\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\">Health + Education<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/13\/ict-ministry-signs-agreements-with-purdue-university-to-offer-engineering-bachelors-masters-programs\/\">\r\n                            ICT Ministry signs agreements with Purdue University to offer engineering bachelor\u2019s, masters programs                        <\/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\/13\/ict-ministry-signs-agreements-with-purdue-university-to-offer-engineering-bachelors-masters-programs\/\" 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\/13\/ict-ministry-signs-agreements-with-purdue-university-to-offer-engineering-bachelors-masters-programs\/')\">\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\/13\/ict-ministry-signs-agreements-with-purdue-university-to-offer-engineering-bachelors-masters-programs\/\">\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=ICT Ministry signs agreements with Purdue University to offer engineering bachelor\u2019s, masters programs&url=https:\/\/enterpriseam.com\/egypt\/2020\/08\/13\/ict-ministry-signs-agreements-with-purdue-university-to-offer-engineering-bachelors-masters-programs\/\">\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\/13\/ict-ministry-signs-agreements-with-purdue-university-to-offer-engineering-bachelors-masters-programs\/&title=ICT Ministry signs agreements with Purdue University to offer engineering bachelor\u2019s, masters programs\">\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=ICT+Ministry+signs+agreements+with+Purdue+University+to+offer+engineering+bachelor%E2%80%99s%2C+masters+programs+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F08%2F13%2Fict-ministry-signs-agreements-with-purdue-university-to-offer-engineering-bachelors-masters-programs%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\/13\/ict-ministry-signs-agreements-with-purdue-university-to-offer-engineering-bachelors-masters-programs\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573690\" class=\"content-area-description single-story post-573690 post type-post status-publish format-standard hentry category-health-education tag-cit-ministry tag-education tag-engineering tag-enterpriseam tag-health-education tag-new-administrative-capital wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The ICT Ministry signed two agreements with the US\u2019 Purdue University to offer dual degrees to undergraduate students studying computer engineering or electrical engineering at Misr Informatics University \u2014 a new state university that will be set up in the new administrative capital, according to a <a href=\"https:\/\/bit.ly\/2XSu1qo\">cabinet statement<\/a>. One agreement will see students spend their senior year studying at Purdue\u2019s campus in Indiana to obtain a dual-degree, while the second will allow students to pursue a master\u2019s degree in information security at Purdue for one year post-graduation.<\/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\/cit-ministry\/\">CIT ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/engineering\/\">engineering<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/health-education\/\">Health + Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/new-administrative-capital\/\">new administrative capital<\/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=\"573691\" 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=\"573691\">\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\">Banking + Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/13\/national-bank-of-egypt-in-loan-talks-with-egoth-hotac-to-finance-hotel-renovations\/\">\r\n                            National Bank of Egypt in loan talks with EGOTH, HOTAC to finance hotel renovations                        <\/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\/13\/national-bank-of-egypt-in-loan-talks-with-egoth-hotac-to-finance-hotel-renovations\/\" 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\/13\/national-bank-of-egypt-in-loan-talks-with-egoth-hotac-to-finance-hotel-renovations\/')\">\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\/13\/national-bank-of-egypt-in-loan-talks-with-egoth-hotac-to-finance-hotel-renovations\/\">\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=National Bank of Egypt in loan talks with EGOTH, HOTAC to finance hotel renovations&url=https:\/\/enterpriseam.com\/egypt\/2020\/08\/13\/national-bank-of-egypt-in-loan-talks-with-egoth-hotac-to-finance-hotel-renovations\/\">\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\/13\/national-bank-of-egypt-in-loan-talks-with-egoth-hotac-to-finance-hotel-renovations\/&title=National Bank of Egypt in loan talks with EGOTH, HOTAC to finance hotel renovations\">\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=National+Bank+of+Egypt+in+loan+talks+with+EGOTH%2C+HOTAC+to+finance+hotel+renovations+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F08%2F13%2Fnational-bank-of-egypt-in-loan-talks-with-egoth-hotac-to-finance-hotel-renovations%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\/13\/national-bank-of-egypt-in-loan-talks-with-egoth-hotac-to-finance-hotel-renovations\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573691\" class=\"content-area-description single-story post-573691 post type-post status-publish format-standard hentry category-banking-finance tag-banking-finance tag-egyptian-general-company-for-tourism-and-hotels tag-enterpriseam tag-national-bank-of-egypt tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The Egyptian General Company for Tourism and Hotels (EGOTH) is in talks with the National Bank of Egypt (NBE) for a EGP 400 mn loan to finance renovations of the Sofitel Winter Palace Hotel in Luxor, according to <a href=\"https:\/\/alborsaanews.com\/2020\/08\/11\/1373124\">the local press<\/a>. EGOTH \u2014 which is a subsidiary of The Holding Company for Tourism \u2014 will cover the remaining EGP 600 mn needed for the development. NBE is also in talks with the Holding Company for Tourism and Hotels for a EGP 1.2 bn loan to restore the historic Continental Hotel, Chairperson Mervat Hataba tells <a href=\"https:\/\/bit.ly\/3isApwn\">Al Mal<\/a>. The renovations are expected to cost EGP 1.7 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\/banking-finance\/\">BANKING + FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egyptian-general-company-for-tourism-and-hotels\/\">Egyptian General Company for Tourism and Hotels<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/national-bank-of-egypt\/\">National Bank of Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"573694\" 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=\"573694\">\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\">Egypt Politics + Economics<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/13\/egypt-plans-to-integrate-garbage-collection-into-the-formal-economy\/\">\r\n                            Egypt plans to integrate garbage collection into the formal economy                        <\/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\/13\/egypt-plans-to-integrate-garbage-collection-into-the-formal-economy\/\" 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\/13\/egypt-plans-to-integrate-garbage-collection-into-the-formal-economy\/')\">\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\/13\/egypt-plans-to-integrate-garbage-collection-into-the-formal-economy\/\">\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 plans to integrate garbage collection into the formal economy&url=https:\/\/enterpriseam.com\/egypt\/2020\/08\/13\/egypt-plans-to-integrate-garbage-collection-into-the-formal-economy\/\">\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\/13\/egypt-plans-to-integrate-garbage-collection-into-the-formal-economy\/&title=Egypt plans to integrate garbage collection into the formal economy\">\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+plans+to+integrate+garbage+collection+into+the+formal+economy+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F08%2F13%2Fegypt-plans-to-integrate-garbage-collection-into-the-formal-economy%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\/13\/egypt-plans-to-integrate-garbage-collection-into-the-formal-economy\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573694\" class=\"content-area-description single-story post-573694 post type-post status-publish format-standard hentry category-egypt-politics-economics tag-egypt-politics-economics tag-enterpriseam tag-environment-ministry tag-manpower-ministry tag-waste-management wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The environment and manpower ministries are working on a plan to integrate Egypt\u2019s informal garbage collectors into the formal economy, and will decide on a formal job title they can use on official paperwork, according to <a href=\"http:\/\/tiny.cc\/j44nsz\">a statement<\/a>. Both ministries have set up a joint working group to arrange meetings with representatives of the waste management industry to discuss new policies and incentives. This move follows a directive from President Abdel Fattah El Sisi to support irregular workers.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-politics-economics\/\">Egypt Politics + Economics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/environment-ministry\/\">Environment Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manpower-ministry\/\">Manpower Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/waste-management\/\">waste management<\/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=\"573695\" 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=\"573695\">\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\">My Morning Routine<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/13\/my-wfh-routine-nour-el-assal-ceo-and-co-founder-tagaddod\/\">\r\n                            My WFH Routine: Nour El Assal, CEO and co-founder Tagaddod                        <\/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\/13\/my-wfh-routine-nour-el-assal-ceo-and-co-founder-tagaddod\/\" 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\/13\/my-wfh-routine-nour-el-assal-ceo-and-co-founder-tagaddod\/')\">\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\/13\/my-wfh-routine-nour-el-assal-ceo-and-co-founder-tagaddod\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=My WFH Routine: Nour El Assal, CEO and co-founder Tagaddod&url=https:\/\/enterpriseam.com\/egypt\/2020\/08\/13\/my-wfh-routine-nour-el-assal-ceo-and-co-founder-tagaddod\/\">\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\/13\/my-wfh-routine-nour-el-assal-ceo-and-co-founder-tagaddod\/&title=My WFH Routine: Nour El Assal, CEO and co-founder Tagaddod\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=My+WFH+Routine%3A+Nour+El+Assal%2C+CEO+and+co-founder+Tagaddod+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F08%2F13%2Fmy-wfh-routine-nour-el-assal-ceo-and-co-founder-tagaddod%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\/13\/my-wfh-routine-nour-el-assal-ceo-and-co-founder-tagaddod\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/112.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"573696\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/13\/my-wfh-routine-nour-el-assal-ceo-and-co-founder-tagaddod\/112-jpg-13\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/112.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"112.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/112.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/112.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573695\" class=\"content-area-description single-story post-573695 post type-post status-publish format-standard has-post-thumbnail hentry category-my-morning-routine tag-commodities tag-enterpriseam tag-my-morning-routine tag-work-from-home 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>Nour El Assal, CEO and co-founder of Tagaddod: <\/strong>My Morning \/ WFH Routine looks each week at how a successful member of the community starts their day \u2014 and then throws in a couple of random business questions just for fun. Speaking to us this week is Nour El Assal (<a href=\"https:\/\/www.linkedin.com\/in\/nour-el-assal-1809574a\/?originalSubdomain=eg\">LinkedIn<\/a>), CEO and founder Tagaddod.<\/p>\n<p><strong>My name is Nour El Assal, and I\u2019m the CEO and co-founder of <\/strong><strong><a href=\"https:\/\/www.tagaddod.com\/\">Tagaddod<\/a><\/strong><strong>. <\/strong>Founded in 2013, the company collects and refines used cooking oils from businesses and households to become transformed into biofuel. It relies on technology to map and plan more effective routes for the collection of used cooking oil, turning what was otherwise a low tech industry with fairly slim margins, into something profitable and feasible.<\/p>\n<p><strong>I really don\u2019t have a fixed routine:<\/strong> Even if I had some kind of a routine before, covid has changed all that. Some days are super busy and others are much more relaxed but my day never begins after 9am and I always start my day by reading Enterprise. One of the things that hasn\u2019t changed over the past few months has been scrambling between the factory, office, and home almost everyday. On our busier days I wake up at 6am, maybe going for a run before heading to the factory for one of our weekly safety inspections. If I'm WFH I get to start a little later at around 8:30-9am by catching up with our three teams through online meetings and emails. I talk to our finance team about sales, operations and cash flow, our demand operations teams about recruiting new clients, and our factory team about our shipping and refining functions.<\/p>\n<p><strong>I started seriously WFH by mid-May:<\/strong> Even as covid reached its peak, I hadn\u2019t yet personally started fully WFH. We were just about to launch a new business unit at the factory so I had to be physically present while things were still getting underway. Our Dokki offices where our finance, tech, sales and accounting teams are based were entirely working from home by mid-April, and by May we had only 20-30% of our team physically present, which meant about 4-6 people were at the office at any given time. Now we\u2019re back up to 50-60% working at the office.<\/p>\n<p><strong>Tagaddod\u2019s work culture already included a WFH component. <\/strong>It hasn't been terribly challenging to shift some of our operations to WFH transition because our online management platforms can be done remotely. Our factory never fully shut down but we were a lot more strict with our safety measures. Everyone has been getting their temperature checked daily, masks are required at all times and we\u2019ve made sure to spread out everyone\u2019s seating at the factory office space.<\/p>\n<p><strong>The biggest challenge was maintaining morale and grit: <\/strong>We had to keep reiterating our mission and manage our own expectations to make sense of everything going on and keep our heads cool. We decided that if we\u2019re forced to stop we\u2019ll stop \u2014 all we had to do until then was make sure to take things one day at a time to reduce people\u2019s anxieties. Our whole team of partners and operations heads were crucial in getting through the worst of the pandemic and keeping us afloat.<\/p>\n<p><strong>Once we saw markets stabilizing we knew we needed to push forward really hard to get back on track<\/strong> to pre-covid levels of operation. The pressure from the crisis helped us refine the results-oriented work culture at Tagaddod.<\/p>\n<p><strong>Household operations almost doubled at the height of the crisis:<\/strong> People weren\u2019t really eating at restaurants which we took as a chance to focus more on household cooking oil collection. It was really interesting to see major food chains\u2019 output reduced to 20% of their normal production at the height of the outbreak while non-chain and single brand restaurants in less affluent neighborhoods of Cairo were operating almost 75-80% of pre-covid levels. European markets, where we mainly export, were significantly less volatile than US markets and didn\u2019t hold this sense of panic. There was increased demand for used cooking oils at the tail-end of the first wave actually.<\/p>\n<p><strong>As an entrepreneur you\u2019re familiar with the panic and anxiety that comes with having something on the verge of ending<\/strong>. I actually felt a little bit more at ease once everyone began sharing the panic. This was particularly pronounced with other entrepreneurs, who were surprisingly very positive. We\u2019re constantly living in uncertainty and have a lot on the line, so I think that has prepared me to handle the situation. At the end of the day you have little control over things like this, so you have to take things one day at a time and be adaptable.<\/p>\n<p><strong>I\u2019m a huge fan of audio content:<\/strong> I\u2019ve been listening to Reid Hoffman\u2019s podcast <a href=\"https:\/\/mastersofscale.com\/\">Masters of Scale<\/a> recently and I'm generally interested in audio books on business, behavioral economics and what some of my friends and I call \u2018financial fiction\u2019 novels. <a href=\"https:\/\/www.goodreads.com\/tr\/book\/show\/23787515-one-trillion-dollars\">One Tn USD by Andreas Eschbach<\/a> is a great one that falls under the genre.<\/p>\n<p><strong>On Netflix I like some educational stuff<\/strong> like <a href=\"https:\/\/www.netflix.com\/eg-en\/title\/81031737\">Connected<\/a>, <a href=\"https:\/\/www.netflix.com\/eg-en\/title\/81116168\">History 101<\/a> and <a href=\"https:\/\/www.netflix.com\/eg-en\/title\/80216752\">Explained<\/a> <strong>along with some light content<\/strong> like <a href=\"https:\/\/www.netflix.com\/eg-en\/title\/70155589\">Community<\/a> and <a href=\"https:\/\/www.imdb.com\/title\/tt2467372\/\">Brooklyn Nine-Nine<\/a> while eating.<\/p>\n<p><strong>One of the things that made me think this has to blow over is that the world doesn\u2019t go bust<\/strong> \u2014 the world survives catastrophes one way or another. Don\u2019t lose sight of the day-to-day but be willing to adapt. I'm not advocating for being positive, but rather for being sensible. This isn't a recipe for success by any means, because if a crisis of this magnitude were to hit at a different stage in the company\u2019s development, we could have been in a very different situation than we are now.<\/p>\n<p><strong>We\u2019re revisiting expansion plans once everything goes back to normal.<\/strong> And on a personal level, I\u2019m looking forward to getting back on a plane for a much needed vacation.<\/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\/commodities\/\">commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/my-morning-routine\/\">MY MORNING ROUTINE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/work-from-home\/\">Work from home<\/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=\"573697\" 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=\"573697\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/13\/the-market-yesterday-146\/\">\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\/13\/the-market-yesterday-146\/\" 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\/13\/the-market-yesterday-146\/')\">\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\/13\/the-market-yesterday-146\/\">\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\/13\/the-market-yesterday-146\/\">\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\/13\/the-market-yesterday-146\/&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%2F13%2Fthe-market-yesterday-146%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\/13\/the-market-yesterday-146\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573697\" class=\"content-area-description single-story post-573697 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 15.92 | Sell 16.02<br \/>\n <strong>EGP \/ USD at NBE: <\/strong>Buy 15.90 | Sell 16.00<\/p>\n<p><strong>EGX30<\/strong> (Wednesday): 10,922 (+0.3%)<br \/>\n <strong>Turnover:<\/strong> EGP 1.3 bn (33% above the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: -21.77%<\/p>\n<p><strong>THE MARKET ON WEDNESDAY:<\/strong> The EGX30 ended Wednesday\u2019s session up 0.3%. CIB, the index\u2019s heaviest constituent, ended up 0.2%. EGX30\u2019s top performing constituents were Pioneers Holding up 4.4%, Dice up 3.9%, and Egyptian Resorts up 3.5%. Yesterday\u2019s worst performing stocks were Emaar Misr down 2.4%, CIRA down 2.2% and GB Auto down 1.6%. The market turnover was EGP 1.3 bn, and domestic investors were the sole net buyers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Short | EGP -44.4 mn<br \/>\n <strong>Regional<\/strong>: Net Short | EGP -11.5 mn<br \/>\n <strong>Domestic<\/strong>: Net Long | EGP +55.8 mn<\/p>\n<p><strong>Retail<\/strong>: 82.8% of total trades | 83.2% of buyers | 82.4% of sellers<br \/>\n <strong>Institutions<\/strong>: 17.2% of total trades | 16.8% of buyers | 17.6% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 42.56 (+2.28%)<br \/>\n <strong>Brent:<\/strong> USD 45.33 (+1.87%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 2.15 MMBtu (-0.92%, September 2020 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,926.20 \/ troy ounce (-1.03%)<\/p>\n<p><strong>TASI:<\/strong> 7,645.55 (+0.25%) (YTD: -8.86%)<br \/>\n <strong>ADX:<\/strong> 4,359.58 (-0.20%) (YTD: -14.11%)<br \/>\n <strong>DFM:<\/strong> 2,115.31 (+0.86%) (YTD: -23.49%)<br \/>\n <strong>KSE Premier Market:<\/strong> 5,682.77 (+1.33%)<br \/>\n <strong>QE:<\/strong> 9,553.10 (+0.31%) (YTD: -8.37%)<br \/>\n <strong>MSM:<\/strong> 3,566.90 (-0.16%) (YTD: -10.41%)<br \/>\n <strong>BB: <\/strong>1,314.55 (+0.54%) (YTD: -18.36%)<\/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=\"573698\" 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\/13\/573698\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-573698\" class=\"content-area-description single-story post-573698 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>13 August (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>13-15 August (Thursday-Saturday): <a href=\"https:\/\/riseupfromhome.riseup.co\/home\">RiseUp from Home<\/a> digital event..<\/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>14-15 September (Monday-Tuesday) The Chemical Industries Export Council will organize a <a href=\"https:\/\/bit.ly\/3kBMjWw\">virtual conference<\/a> to discuss export options for Egyptian chemical exporters in Kenya and Uganda<\/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>1 December (Tuesday): The IMF will conduct a first review of targets set under the USD 5.2 bn standby loan approved in June (proposed date).<\/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 2021 (Monday): Sham El Nessim.<\/p>\n<p>6 May 2021 (Thursday): National holiday in observance of Sham El Nessim.<\/p>\n<p>12-15 May 2021 (Wednesday-Saturday): Eid El Fitr (TBC).<\/p>\n<p>1 June 2021 (Tuesday): The IMF will conduct a second review of targets set under the USD 5.2 bn standby loan approved in June 2020 (proposed date).<\/p>\n<p>10 June 2021 (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>22 July 2021 (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":573671,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-573670","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"46c7c01b-18a0-46a8-9cab-4b9455f8f7e1","teaser":"","photo_url":"https:\/\/ent.news\/2020\/8\/105.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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