{"id":574026,"date":"2020-08-27T04:16:34","date_gmt":"2020-08-27T04:16:34","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=574026"},"modified":"2025-12-16T09:28:46","modified_gmt":"2025-12-16T09:28:46","slug":"cabinet-warns-of-second-wave-of-covid-19-says-to-take-precautions-seriously","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/cabinet-warns-of-second-wave-of-covid-19-says-to-take-precautions-seriously\/","title":{"rendered":"Cabinet warns of second wave of covid-19, says to take precautions seriously"},"content":{"rendered":"<section id=\"574028\" 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=\"574028\">\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\/27\/what-were-tracking-on-wednesday-26-august-2020\/\">\r\n                            What we\u2019re tracking on Wednesday, 26 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\/27\/what-were-tracking-on-wednesday-26-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\/27\/what-were-tracking-on-wednesday-26-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\/27\/what-were-tracking-on-wednesday-26-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=What we\u2019re tracking on Wednesday, 26 August 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/08\/27\/what-were-tracking-on-wednesday-26-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\/27\/what-were-tracking-on-wednesday-26-august-2020\/&title=What we\u2019re tracking on Wednesday, 26 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=What+we%E2%80%99re+tracking+on+Wednesday%2C+26+August+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F08%2F27%2Fwhat-were-tracking-on-wednesday-26-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\/27\/what-were-tracking-on-wednesday-26-august-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-574028\" class=\"content-area-description single-story post-574028 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-apple tag-aramco tag-china tag-covid-19 tag-diplomacy tag-enterpriseam tag-israel tag-jared-kushner tag-politics tag-security tag-tourism tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_27645\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\">\n<p class=\"f-graphik\" style=\"font-size:14px\">Together with<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27482.svg\" alt=\"\" class=\"wp-image-27482\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><strong>Good morning, wonderful people \u2014 we have another packed issue this morning <\/strong>as we prepare to head into the weekend.<\/p><p><a id=\"tldr-story-01\" class=\"content-anchor\"><\/a> <strong>The big story of the day: Cabinet is warning that we all need to take seriously the <\/strong><strong>prospect of a second wave <\/strong>of covid-19. The warning comes as the Health Ministry <a href=\"https:\/\/bit.ly\/3b6Qa9J\">reported<\/a> 206 new covid-19 infections yesterday, up from 141 the day before. New cases had hit a low of 89 this past Sunday. The ministry also reported 19 new deaths, bringing the country\u2019s total death toll to 5,317.<\/p><p><strong>Both Prime Minister Moustafa Madbouly and Health Minister Hala Zayed sounded the <\/strong><strong>warning bell again yesterday<\/strong>, saying we\u2019re at risk of another wave as citizens ignore social distancing measures, according to a <a href=\"https:\/\/bit.ly\/2QoC9e0\">government statement<\/a>. The PM warned of <strong>strict punishments<\/strong> for people who violate measures designed to prevent the spread of covid, including <strong>mandatory masking public transportation and inside most buildings<\/strong>. Zayed \u2014 who <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c3974afe-238f-4f21-928a-10c96fa2bcd3\">earlier this month<\/a> ordered isolation facilities to reopen in anticipation of a second wave \u2014 warned against a false sense of security.<\/p><p><strong>What will education look like against that backdrop? <\/strong>A number of association-owned schools are already back in session, with a blend of on-campus and remote learning on the menu, but that\u2019s still an open question for schools regulated by the Education Ministry. <strong>Families with kids in private and public schools will get a sense in the next week or so of what the academic year will look like<\/strong> as Education Minister Tarek Shawki <a href=\"https:\/\/bit.ly\/3jfOH3D\">said yesterday<\/a> that he\u2019ll be releasing a comprehensive plan in the first week of September.<\/p><p><strong>Don\u2019t trust what\u2019s been reported so far, Shawki says:<\/strong> There\u2019s been plenty of speculation about how online platforms, private tutoring, continuing education, private schools and tuitions will pan out this coming year; much of what you\u2019ve heard is wrong, he suggested.<\/p><hr class=\"grey-line\"><p><strong>Chinese will play a role in Egypt\u2019s tourism revival -UNWTO head:<\/strong> Once covid-19 safety precautions are eased, tourists from China will pour back into the country and help boost Egypt\u2019s tourism sector, UNWTO Secretary-General Zurab Pololikashvili told <a href=\"http:\/\/www.xinhuanet.com\/english\/2020-08\/26\/c_139319259.htm#:~:text=High%20hopes%20pinned%20on%20Chinese%20tourists%20to%20help%20revive%20Egypt's%2520tourism%2520sector,-Source%253A%2520Xinhua%257C%25202020%26text%3DSecretary%252DGeneral%2520of%2520the%2520United,to%2520the%2520COVID%252D19%2520pandemic.\">Xinhua<\/a>. Safety measures are weighing down tourism from both sides as Chinese visitors are required to quarantine for two weeks upon their return to China while Egypt <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3550ffb0-6c25-4656-9c20-e8345154311c\">recently<\/a> required inbound tourists to present a PCR test on arrival. <strong>Hospitals in Beijing are currently clear of<\/strong><strong> covid-19 cases <\/strong>after the last two patients left care on Tuesday, <a href=\"http:\/\/www.xinhuanet.com\/english\/2020-08\/26\/c_139318695.htm\">Xinhua<\/a> reports.<\/p><p><strong>Tourism has been staging a comeback, with 126k tourists visiting the country since<\/strong> <strong>inbound tourism was allowed on 1 July<\/strong> and both charter and scheduled <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2d161473-069f-478f-88c3-903283812882\">flights are back<\/a>. We\u2019re apparently getting a steady stream of inquiries from tourists from Japan, Italy, France, Belgium, and the Netherlands on visiting Luxor and Aswan, who will reopen for tourism on 1 September.<\/p><hr class=\"grey-line\"><p><strong>COVID-19 AROUND THE WORLD-<\/strong><\/p><p><strong>Even though new covid-19 cases are at a four-month high<\/strong><strong>, Spain is unlikely to go into <\/strong><strong>lockdown again<\/strong>, with Prime Minister Pedro Sanchez saying doing so would \u201ccripple the economy\u201d again, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-08-25\/sanchez-rejects-new-spanish-lockdown-amid-surge-in-virus-cases\">Bloomberg<\/a>. Evidence <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/aa543ed2-41f6-4d63-8755-f8a40fc89e01\">is now suggesting<\/a> that lockdowns may be an \u201coverly blunt and economically costly tool\u201d that causes more damage than it\u2019s worth with the better approach being imposing strict precautionary measures.<\/p><p><strong>After being largely covid-free for months, <\/strong><strong>Gaza is in lockdown after the detection of <\/strong><strong>multiple<\/strong><strong> virus cases across the territory<\/strong>, according to <a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-gaza\/gaza-in-lockdown-to-try-to-contain-its-first-covid-19-outbreak-idUSKBN25L0XC\">Reuters<\/a>. Health authorities in the blockaded territory are concerned that the combination of poverty, a large population, and limited health facilities could prove disastrous in the case of a wide scale covid-19 outbreak.<\/p><p><strong>The developing world\u2019s bootstrap covid-19 vaccine dash: <\/strong>Developing countries concerned they will be at the tail-end of recipients of an internationally developed covid-19 vaccine are working on developing their own vaccines, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-08-26\/the-countries-that-don-t-want-to-wait-for-superpowers-vaccines?sref=mmeFTDW1\">Bloomberg<\/a>. These countries were stung before during the 2009 swine flu outbreak and the 2006 rotavirus spread, when vaccines were mostly distributed to wealthy countries and those that managed to reach developing nations were less effective. WHO data suggests that 170 countries are currently working on a vaccine.<\/p><p><strong>Egypt is among those developing an inhouse vaccine, while also keeping an eye on<\/strong><strong> international shots.<\/strong> Our vaccine, which has been in development <a href=\"https:\/\/www.msn.com\/en-ae\/news\/coronavirus\/egyptian-researchers-have-begun-developing-a-coronavirus-vaccine-set-to-enter-human-testing-in-5-months\/ar-BB10WMHN?li=BBqrVLO\">since March<\/a>, is now in the third stage of clinical trials. Authorities are also in talks with six international manufacturers, and could manufacture Russia\u2019s Sputnik V vaccine <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/caacfa43-9823-42c2-b386-17e9406becd2\">locally<\/a>.<\/p><p class=\"web-image stand-out-borderless\"><a href=\"https:\/\/somabay.com\/\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/SOMA-ENTERPRISE-APPAMEND-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/a>For the first time in the Red Sea, Somabay launches the newest destination app which provides fully fledged integrated services (available <a href=\"https:\/\/press.us9.list-manage.com\/track\/click?u=3f7bc576715ca1a70edef2788&amp;id=d1f44d012c&amp;e=17bb9015a7\">here<\/a> for iOS users and <a href=\"https:\/\/press.us9.list-manage.com\/track\/click?u=3f7bc576715ca1a70edef2788&amp;id=1e78598354&amp;e=17bb9015a7\">here<\/a> for Android) in line with supporting the company\u2019s plans for digitizing hotel guests\u2019 experiences using trending technologies.<\/p><p><strong>SIGN OF THE TIMES #1- The annual gathering of central bankers at Jackson Hole kicks <\/strong><strong>off today \u201cin a completely virtual format\u201d<\/strong> for the first time in its near-30-year history. Policymakers are expected to discuss what more they can do to stimulate the global economy, even as most have exhausted much of their arsenals of monetary tools, the <a href=\"https:\/\/www.ft.com\/content\/269eec67-1145-41b8-b97c-f43b293017fd\">Financial Times<\/a> notes. All eyes will be on US Fed Chair Jerome Powell in particular, who is expected to lay out today a plan to reverse the Fed\u2019s policies in a bid to drive up inflation and allow unemployment to fall as low as possible, <a href=\"https:\/\/www.marketwatch.com\/story\/powell-in-jackson-hole-speech-will-put-out-feds-welcome-mat-for-hot-labor-markets-and-inflation-overshoots-2020-08-26\">MarketWatch<\/a> says.<\/p><p><strong>SIGN OF THE TIMES #2- The 2021 World Economic Forum in Davos has been postponed <\/strong>from late January to some time \u201cearly next summer,\u201d the WEF <a href=\"https:\/\/www.weforum.org\/press\/2020\/08\/annual-meeting-2021-in-davos-rescheduled\">said in a statement<\/a> yesterday. The dates have yet to be announced. On 25 January 2021, the group will instead hold a digital-only \u201cDavos Dialogue\u201d in which \u201ckey global leaders will share their views on the state of the world in 2021.\u201d<\/p><p><a id=\"tldr-story-07\" class=\"content-anchor\"><\/a> <strong>Planet Finance is growing weary of commercial real estate: <\/strong>Brookfield Property Partners, Starwood Capital Group, Colony Capital, and Blackstone Group are just a few names of investors that have recently been leaving behind major commercial mortgage backed securities (CMBS), or conduit loans they had taken out from lenders. Despite walking away from their obligations, these players are still managing to raise bns from investors for future prospects, an opening that <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-08-24\/real-estate-investors-skip-paying-loans-while-raising-billions?sref=mmeFTDW1\">Bloomberg\u2019s John Gittelsohn<\/a> says was made possible by the pandemic. It seems the crisis has allowed investors to dump losing prospects with reputations largely intact. They can simply give the underlying properties back to lenders with little or no pain.<\/p><p><strong>Nothing suffered from the crisis more than hotels and malls, <\/strong>according to Gittelsohn. The amount of hotel and retail debt turned over to so-called special servicers \u2014 third parties that handles payments and is a go-between the lender and borrower \u2014 is at the highest level since 2010, according to industry tracker Trepp.<\/p><p><strong>MUST READ FOR FINANCE NERDS- Hedgies are making a killing shorting malls in what\u2019s <\/strong><strong>being called <\/strong><strong><a href=\"https:\/\/www.nytimes.com\/2020\/08\/24\/business\/mall-short-hedge-funds.html\">The Big Short 2.0<\/a><\/strong><strong>.<\/strong> Among those in on the action: The icon known as Carl Icahn.<\/p><hr class=\"grey-line\"><p><strong>Beware that bargain-basement phone: Low-cost Chinese phones with pre-installed <\/strong><strong>malware were sold in Egypt<\/strong> and other African countries, secretly signing up users to costly subscription services without their permission, according to Athens-based anti-fraud firm <a href=\"https:\/\/www.upstreamsystems.com\/\">Upstream<\/a>, a <a href=\"https:\/\/www.act.is\/about-actis\/our-portfolio\/upstream-systems\/\">portfolio company<\/a> of our friends at EM-focused private equity giant Actis. <a href=\"https:\/\/www.tecno-mobile.com\/eg?gclid=CjwKCAjwkJj6BRA-EiwA0ZVPVowPHVPh-_53JKNdotLWqHKotolxoXExDOMIqtyTCt0dxuBvGXU8yRoCuEMQAvD_BwE#\/\">Tecno<\/a>-branded smartphones, manufactured by Transsion, retailed at roughly USD 30 and have proved popular in low-income households across the continent, according to the <a href=\"https:\/\/www.bbc.com\/news\/technology-53903436\">BBC<\/a>. Transsion told <a href=\"https:\/\/www.buzzfeednews.com\/article\/craigsilverman\/cheap-chinese-smartphones-malware\">Buzzfeed<\/a> the malware was installed in the supply chain without its knowledge.<\/p><p><strong>You know who\u2019s selling a lot of phones? Tim Cook. <\/strong>Apple\u2019s iPhone sales were down just 0.4% in 2Q2020 despite the pandemic, <a href=\"https:\/\/www.cnbc.com\/2020\/08\/25\/iphone-sales-steady-while-global-smartphone-sales-tank-20percent-in-q2.html\">CNBC<\/a> reports. The wider industry was down 20%, according to research provider Gartner, while rival Samsung saw sales collapse by 27.1% y-o-y.<\/p><hr class=\"grey-line\"><p><strong>BRIEFLY NOTED-<\/strong><\/p><p><strong>Our friends at CIB took home an award from African Banker magazine for the Best <\/strong><strong>Regional Bank<\/strong> in North Africa, according to the magazine\u2019s <a href=\"https:\/\/africanbankerawards.com\/#currentevent-section\">full list<\/a> of 2020 winners.<\/p><p><strong>Giles Baynham, a non-executive director at Egypt-focused gold miner Aton Resources, <\/strong><strong>has passed away<\/strong> \u201cdue to unexpectedly severe complications from a recent illness,\u201d Aton said in <a href=\"https:\/\/ent.news\/2020\/8\/2020-26-August-GILES-BAYNHAM.pdf\">a statement yesterday (pdf)<\/a>. Baynham joined the company\u2019s board in 2010.<\/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\/apple\/\">Apple<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/aramco\/\">Aramco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/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\/israel\/\">Israel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/jared-kushner\/\">Jared Kushner<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/politics\/\">politics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/security\/\">security<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"574029\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 .stk-block-carousel__button svg.ugb-custom-icon :is(g, path, rect, polygon, ellipse){fill:#FFFFFF !important;}<\/style>\r\n                <div class=\"stk-block-carousel__content-wrapper\">\r\n                <div class=\"stk-row stk-inner-blocks stk-block-content stk-block-carousel__slider-wrapper stk-content-align stk-a38cfb2-column alignwide\">\r\n                <div class=\"stk-block-carousel__slider\" role=\"list\" data-autoplay=\"4000\" data-label-slide-of=\"Slide %%d of %%d\">\r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-46c5f99\" data-v=\"4\" data-block-id=\"46c5f99\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-46c5f99-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-46c5f99-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240922.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.hsbc.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27489.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Opening up a world of opportunity<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-zza948k\" data-v=\"4\" data-block-id=\"zza948k\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-zza948k-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-zza948k-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240923.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/efghldg.com\/en\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27488.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Realize More<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-xdz1clm\" data-v=\"4\" data-block-id=\"xdz1clm\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-xdz1clm-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-xdz1clm-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240924.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.sodic.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27487.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Live More<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-vr3izaw\" data-v=\"4\" data-block-id=\"vr3izaw\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-vr3izaw-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-vr3izaw-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240925.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/weareinfinity.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/27483.png?fit=300%2C300&#038;ssl=1\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Powering with nature<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-z25ffx4\" data-v=\"4\" data-block-id=\"z25ffx4\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-z25ffx4-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-z25ffx4-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240926.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.qalaaholdings.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/110691.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Driving growth<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-left\" class=\"svg-inline--fa fa-chevron-left\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M34.52 239.03L228.87 44.69c9.37-9.37 24.57-9.37 33.94 0l22.67 22.67c9.36 9.36 9.37 24.52.04 33.9L131.49 256l154.02 154.75c9.34 9.38 9.32 24.54-.04 33.9l-22.67 22.67c-9.37 9.37-24.57 9.37-33.94 0L34.52 272.97c-9.37-9.37-9.37-24.57 0-33.94z\"><\/path><\/svg><\/button><button class=\"stk-block-carousel__button stk-block-carousel__button__next\" aria-label=\"Next slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-right\" class=\"svg-inline--fa fa-chevron-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M285.476 272.971L91.132 467.314c-9.373 9.373-24.569 9.373-33.941 0l-22.667-22.667c-9.357-9.357-9.375-24.522-.04-33.901L188.505 256 34.484 101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg><\/button><\/div><\/div><div class=\"stk-block-carousel__dots\" role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"574030\" 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=\"574030\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/27\/egypts-talk-shows-uptick-in-covid-19-cases-fines-for-flunking-university-skirting-senate-elections\/\">\r\n                            Egypt\u2019s talk shows: Uptick in covid-19 cases, fines for flunking university + skirting Senate elections                        <\/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\/27\/egypts-talk-shows-uptick-in-covid-19-cases-fines-for-flunking-university-skirting-senate-elections\/\" 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\/27\/egypts-talk-shows-uptick-in-covid-19-cases-fines-for-flunking-university-skirting-senate-elections\/')\">\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\/27\/egypts-talk-shows-uptick-in-covid-19-cases-fines-for-flunking-university-skirting-senate-elections\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt\u2019s talk shows: Uptick in covid-19 cases, fines for flunking university + skirting Senate elections&url=https:\/\/enterpriseam.com\/egypt\/2020\/08\/27\/egypts-talk-shows-uptick-in-covid-19-cases-fines-for-flunking-university-skirting-senate-elections\/\">\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\/27\/egypts-talk-shows-uptick-in-covid-19-cases-fines-for-flunking-university-skirting-senate-elections\/&title=Egypt\u2019s talk shows: Uptick in covid-19 cases, fines for flunking university + skirting Senate elections\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt%E2%80%99s+talk+shows%3A+Uptick+in+covid-19+cases%2C+fines+for+flunking+university+%2B+skirting+Senate+elections+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F08%2F27%2Fegypts-talk-shows-uptick-in-covid-19-cases-fines-for-flunking-university-skirting-senate-elections%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\/27\/egypts-talk-shows-uptick-in-covid-19-cases-fines-for-flunking-university-skirting-senate-elections\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-574030\" class=\"content-area-description single-story post-574030 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-covid-19 tag-enterprise-last-nights-talk-shows tag-enterpriseam tag-madbouly-cabinet tag-national-elections-authority wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>It was a mixed bag of nuts on the airwaves last night<\/strong>, with Ala Mas\u2019ouleety\u2019s Ahmed Moussa covering everything from potential fines to those who didn\u2019t vote in this month\u2019s Senate elections to the recent uptick in covid-19 infections.<\/p>\n<p><strong>Covid-19 warning signal:<\/strong> Cabinet spokesman Nader Saad repeated Prime Minister Moustafa Madbouly and Health Minister Hala Zayed\u2019s warnings yesterday that the country\u2019s accelerating daily covid-19 case count is a warning signal and should remind people that the pandemic hasn\u2019t ended. An earlier slowdown in daily infection rates lulled people into a false sense of safety, but it is imperative that everyone continue to adhere to social distancing measures, Saad stressed (<a href=\"https:\/\/www.youtube.com\/watch?v=R4td0IhhzV0\">watch, runtime: 42:44<\/a>).<\/p>\n<p><strong>Saad also debriefed Moussa on a decision to impose fines on public university students who retake exams<\/strong> or repeat an academic term (which we recap in this morning\u2019s Speed Round, below). The fees will be directed towards government investments in education, Saad noted. The government will look at individual cases that may be unable to pay the fees, and will agree to partially or fully waive the fee if students prove they are financially unable to pay. Higher Education Minister Khaled Abdel Ghaffar also explained the reasoning behind the decision (<a href=\"https:\/\/www.youtube.com\/watch?v=oQ51epS1SmY\">watch, runtime: 22:58<\/a>).<\/p>\n<p><strong>The National Elections Authority has referred a list of all citizens who failed to vote in the Senate elections<\/strong> earlier this month to the public prosecutor\u2019s office, authority head Lasheen Ibrahim told Moussa. Abstainers, who number over 50 mn, can be liable to <strong>pay a fine of up to EGP 500<\/strong>, Ibrahim said (<a href=\"https:\/\/www.youtube.com\/watch?v=W7APUhr2rlA\">watch, runtime: 9:33<\/a>). The <a href=\"https:\/\/enterprise.press\/stories\/2018\/03\/29\/national-elections-authority-to-prosecute-those-who-abstained-from-elections\/\">NEA had previously tried<\/a> to fine those who did not show up at the ballots in the 2018 presidential elections, claiming the Elections Act grants it the right to do so. The story got some attention in the foreign press: <a href=\"https:\/\/alkhaleejtoday.co\/international\/5035670\/Egypt-to-prosecute-about-54-million-who-boycotted-Senate-vote.html\">AlKhaleej Today<\/a> | <a href=\"https:\/\/apnews.com\/d77a9cee72ff12a8b948f66a859d270f\">the Associated Press<\/a>.<\/p>\n<p><strong>Seven suspects involved in the intoxication and [redacted] of an 18-year-old woman at the Fairmont hotel in Cairo fled Egypt<\/strong> last month, the public prosecutor\u2019s office said in <a href=\"https:\/\/bit.ly\/3hAB9zi\">a statement<\/a>. The men boarded flights from Cairo Airport between 27 and 29 July, shortly after allegations revealing their identities emerged on social media, the statement said without identifying their current whereabouts. Two other men currently in Egypt will be brought in, including one involved in the Fairmont case and another involved in \u201ca similar incident,\u201d the prosecutor\u2019s office said. Moussa also took note (<a href=\"https:\/\/www.youtube.com\/watch?v=KayCgUbs0lc\">watch, runtime: 13:58<\/a>).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-last-nights-talk-shows\/\">Enterprise+: Last Night\u2019s Talk Shows<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/madbouly-cabinet\/\">Madbouly Cabinet<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/national-elections-authority\/\">National Elections Authority<\/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=\"574031\" 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=\"574031\">\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\/27\/banque-du-caires-ipo-postponed-to-2021-chairman-confirms\/\">\r\n                            Banque du Caire\u2019s IPO postponed to 2021, chairman confirms                        <\/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\/27\/banque-du-caires-ipo-postponed-to-2021-chairman-confirms\/\" 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\/27\/banque-du-caires-ipo-postponed-to-2021-chairman-confirms\/')\">\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\/27\/banque-du-caires-ipo-postponed-to-2021-chairman-confirms\/\">\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=Banque du Caire\u2019s IPO postponed to 2021, chairman confirms&url=https:\/\/enterpriseam.com\/egypt\/2020\/08\/27\/banque-du-caires-ipo-postponed-to-2021-chairman-confirms\/\">\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\/27\/banque-du-caires-ipo-postponed-to-2021-chairman-confirms\/&title=Banque du Caire\u2019s IPO postponed to 2021, chairman confirms\">\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=Banque+du+Caire%E2%80%99s+IPO+postponed+to+2021%2C+chairman+confirms+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F08%2F27%2Fbanque-du-caires-ipo-postponed-to-2021-chairman-confirms%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\/27\/banque-du-caires-ipo-postponed-to-2021-chairman-confirms\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/217.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"574032\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/27\/banque-du-caires-ipo-postponed-to-2021-chairman-confirms\/217-jpg-19\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/217.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"217.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/217.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/217.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-574031\" class=\"content-area-description single-story post-574031 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round tag-abu-dhabi-development-holding tag-banque-du-caire tag-ebrd tag-egx tag-enterpriseam 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-02\"><\/a> <strong>IPO WATCH- BdC IPO isn\u2019t happening before 2021, Fayed confirms, while Giza Spinning <\/strong><strong>looks at 2020 listing: <\/strong>State-owned Banque du Caire\u2019s (BdC) won\u2019t make its EGX debut this year, Chairman Tarek Fayed confirmed in an interview with <a href=\"https:\/\/ara.reuters.com\/article\/businessNews\/idARAKBN25M0NB\">Reuters<\/a> Arabic on Wednesday. The bank had planned to float 20-30% of its shares on the exchange in April, but the listing was postponed in the wake of covid-induced market turmoil, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0fe4f6bd-8bf6-4120-8fbd-63220c888e2f\">sources told the local press earlier this month<\/a>. The bank, which has been attempting to get the IPO underway since at least 2016, had already started the offering process, but was forced to slam on the brakes as covid hit, Fayed said. \u201cIt is difficult for the offering to take place during the current year ... It depends on the improvement of global conditions,\u201d he said.<\/p>\n<p><strong>The IPO might only go ahead once a covid-19 vaccine is commercially available<\/strong>, which isn\u2019t expected to happen before the first half of next year, <a href=\"https:\/\/bit.ly\/2EFm0y1\">Al Masry Al Youm<\/a> reports, citing an unnamed source.<\/p>\n<p><strong>Background: <\/strong>BdC, Egypt\u2019s third largest state-owned bank, 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<p><strong>How likely is it that we will see an IPO in 2020? Not very when you consider EGX Chairman Mohamed Farid\u2019s comments <\/strong>on Tuesday. Farid indicated that it was unlikely we would see a listing this year, pointing out that listing paperwork has been filed so far in 2020, he tells <a href=\"https:\/\/almalnews.com\/%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%84%D8%A8%D9%88%D8%B1%D8%B5%D8%A9-%D9%84%D9%80%D8%A7%D9%84%D9%85%D8%A7%D9%84-%D8%B3%D9%86%D8%B3%D8%AA%D8%AD%D9%88%D8%B0-%D8%B9%D9%84%D9%89-%D8%A3%D9%83\/\">Al Mal<\/a>.<\/p>\n<p><strong>And yet we get announcements like this: <\/strong><strong><a href=\"https:\/\/www.gizaspin.com\/\">Giza Spinning & Weaving<\/a><\/strong><strong> says it wants to list this year<\/strong>, according to remarks from Managing Director Fadel Marzouk to <a href=\"https:\/\/bit.ly\/34yqcut\">Al Mal<\/a>. The company is still uncertain how much it\u2019s going to offer, Marzouk said, without providing additional details. The company is close to raising its capital by EGP 160 mn to reach EGP 710 mn, 80% of which will go toward financing its expansion plans and increasing its production capacities, Marzouk added.<\/p>\n<p><strong>Advisors:<\/strong> Beltone Financial is serving as global coordinator and bookrunner and Matouk Bassiouny is legal counsel to the issuer.<\/p>\n<p><strong>Background: <\/strong>Giza Spinning has repeatedly delayed the IPO, last saying in <a href=\"https:\/\/enterprise.press\/stories\/2018\/08\/05\/giza-spinning-and-weaving-to-float-up-to-40-of-shares-in-november-ipo\/\">August of last year<\/a> that it was pushing for the sale of up to 40% of its shares on the EGX in November. It marked the second time the company had delayed the IPO, having <a href=\"https:\/\/enterprise.press\/stories\/2019\/03\/31\/giza-spinning-weaving-pushes-ipo-to-3q2019\/\">previously announced<\/a> that it was looking to list in 3Q2019. The company had <a href=\"https:\/\/enterprise.press\/stories\/2018\/08\/05\/giza-spinning-and-weaving-to-float-up-to-40-of-shares-in-november-ipo\/\">initially planned<\/a> to IPO last November 2018, but <a href=\"https:\/\/enterprise.press\/stories\/2018\/10\/18\/giza-spinning-to-kick-off-ipo-roadshow-soon-ahead-of-december-offering\/\">news reports<\/a> later postponed the listing date. Proceeds from the garment exporter\u2019s IPO will be used to finance an EGP 250 mn project to expand its yarn and garment production capacities.<\/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\/egx\/\">EGX<\/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=\"574046\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"574047\" 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=\"574047\">\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\/27\/egypt-in-the-news-on-27-august-2020\/\">\r\n                            Egypt in the news on 27 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\/27\/egypt-in-the-news-on-27-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\/27\/egypt-in-the-news-on-27-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\/27\/egypt-in-the-news-on-27-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 27 August 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/08\/27\/egypt-in-the-news-on-27-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\/27\/egypt-in-the-news-on-27-august-2020\/&title=Egypt in the news on 27 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+27+August+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F08%2F27%2Fegypt-in-the-news-on-27-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\/27\/egypt-in-the-news-on-27-august-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-574047\" class=\"content-area-description single-story post-574047 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-egypt-in-the-news tag-enterpriseam tag-housing-ministry tag-libya tag-water wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>It\u2019s a quiet morning for Egypt in the international press<\/strong>, which is not a bad way to start the weekend, friends.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-in-the-news\/\">Egypt in the News<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/housing-ministry\/\">Housing Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/libya\/\">Libya<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/water\/\">water<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"574048\" 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=\"574048\">\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\/27\/diplomacy-foreign-trade-on-27-august-2020\/\">\r\n                            Diplomacy + Foreign Trade on 27 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\/27\/diplomacy-foreign-trade-on-27-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\/27\/diplomacy-foreign-trade-on-27-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\/27\/diplomacy-foreign-trade-on-27-august-2020\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Diplomacy + Foreign Trade on 27 August 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/08\/27\/diplomacy-foreign-trade-on-27-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\/27\/diplomacy-foreign-trade-on-27-august-2020\/&title=Diplomacy + Foreign Trade on 27 August 2020\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Diplomacy+%2B+Foreign+Trade+on+27+August+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F08%2F27%2Fdiplomacy-foreign-trade-on-27-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\/27\/diplomacy-foreign-trade-on-27-august-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-574048\" class=\"content-area-description single-story post-574048 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-diplomacy-foreign-trade tag-enterpriseam tag-smes tag-undp wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Egypt is getting a USD 2.73 mn grant to expand a development support program <\/strong><strong>for<\/strong><strong> MSMEs<\/strong> operating in the retail and handcraft sectors, according to a UNDP <a href=\"https:\/\/www.eg.undp.org\/content\/egypt\/en\/home\/presscenter\/pressreleases\/2020\/government-of-japan-and-undp-commit-to-addressing-socio-economic.html\">statement<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy-foreign-trade\/\">Diplomacy + Foreign Trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/smes\/\">SMEs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/undp\/\">UNDP<\/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=\"574049\" 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=\"574049\">\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\">Infrastructure<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/27\/egypts-nra-to-tender-phase-two-of-egp-4-7-bn-bashtil-central-station-in-january\/\">\r\n                            Egypt\u2019s NRA to tender phase two of EGP 4.7 bn Bashtil central station in January                        <\/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\/27\/egypts-nra-to-tender-phase-two-of-egp-4-7-bn-bashtil-central-station-in-january\/\" 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\/27\/egypts-nra-to-tender-phase-two-of-egp-4-7-bn-bashtil-central-station-in-january\/')\">\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\/27\/egypts-nra-to-tender-phase-two-of-egp-4-7-bn-bashtil-central-station-in-january\/\">\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 NRA to tender phase two of EGP 4.7 bn Bashtil central station in January&url=https:\/\/enterpriseam.com\/egypt\/2020\/08\/27\/egypts-nra-to-tender-phase-two-of-egp-4-7-bn-bashtil-central-station-in-january\/\">\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\/27\/egypts-nra-to-tender-phase-two-of-egp-4-7-bn-bashtil-central-station-in-january\/&title=Egypt\u2019s NRA to tender phase two of EGP 4.7 bn Bashtil central station in January\">\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+NRA+to+tender+phase+two+of+EGP+4.7+bn+Bashtil+central+station+in+January+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F08%2F27%2Fegypts-nra-to-tender-phase-two-of-egp-4-7-bn-bashtil-central-station-in-january%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\/27\/egypts-nra-to-tender-phase-two-of-egp-4-7-bn-bashtil-central-station-in-january\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-574049\" class=\"content-area-description single-story post-574049 post type-post status-publish format-standard hentry category-infrastructure tag-ashraf-raslan tag-enterpriseam tag-infrastructure tag-transport-ministry wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The National Railways Authority (NRA) plans to issue a tender to construct the second phase of the EGP 4.7 bn central railway station in Giza\u2019s Bashtil in January, NRA head Ashraf Raslan told <a href=\"https:\/\/www.alborsaanews.com\/2020\/08\/26\/1376572\">the local press<\/a>. The second phase will include a large passenger station, commercial center, administrative buildings and a residential complex, with construction expected to wrap in three years. Separately, the NRA is also planning a similar fully-serviced central station in Qalyub, <a href=\"https:\/\/bit.ly\/3gpe6pS\">Al Mal<\/a> reports, citing an unnamed Transport Ministry source. The projects come as the ministry is working on major transport infrastructure projects, including Egypt\u2019s first major transit hub, the final stop of the Cairo Metro Line 3. You can take a deeper dive into the groundbreaking project with our latest <a href=\"https:\/\/enterprise.press\/hardhats\/egypt-built-first-transit-hub\/\">Hardhat<\/a> feature.<\/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\/ashraf-raslan\/\">Ashraf Raslan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/transport-ministry\/\">Transport Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"574050\" 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=\"574050\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">Health + Education<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/27\/cira-has-already-accounted-for-the-cost-of-25-bus-fee-rebate\/\">\r\n                            CIRA has already accounted for the cost of 25% bus fee rebate                        <\/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\/27\/cira-has-already-accounted-for-the-cost-of-25-bus-fee-rebate\/\" 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\/27\/cira-has-already-accounted-for-the-cost-of-25-bus-fee-rebate\/')\">\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\/27\/cira-has-already-accounted-for-the-cost-of-25-bus-fee-rebate\/\">\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=CIRA has already accounted for the cost of 25% bus fee rebate&url=https:\/\/enterpriseam.com\/egypt\/2020\/08\/27\/cira-has-already-accounted-for-the-cost-of-25-bus-fee-rebate\/\">\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\/27\/cira-has-already-accounted-for-the-cost-of-25-bus-fee-rebate\/&title=CIRA has already accounted for the cost of 25% bus fee rebate\">\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=CIRA+has+already+accounted+for+the+cost+of+25%25+bus+fee+rebate+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F08%2F27%2Fcira-has-already-accounted-for-the-cost-of-25-bus-fee-rebate%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\/27\/cira-has-already-accounted-for-the-cost-of-25-bus-fee-rebate\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-574050\" class=\"content-area-description single-story post-574050 post type-post status-publish format-standard hentry category-health-education tag-cira-education tag-covid-19 tag-education tag-enterpriseam tag-health-education wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>EGX-listed schools operator CIRA had already accounted for a 21% rebate of the last academic year\u2019s transport fees before the Consumer Protection Authority order earlier this week telling schools to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6385fedb-e9b4-4189-9ddb-d43129e3d449\">refund 25% of bus fees from the 2019-2020 academic year<\/a>, according to <a href=\"https:\/\/ent.news\/2020\/8\/CIRAs-Update-on-The-Consumer-Protection-Authority-CPA-Decree-Regarding-the-Schools-Transportation-Fees-.pdf\">a statement (odf)<\/a>. The refund, which will be credited to the upcoming academic year for returning students, amounted to EGP 9.5 mn, and the leading private sector education outfit will earmark an additional EGP 2 mn to meet the CPA\u2019s directives.<\/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\/cira-education\/\">CIRA Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/health-education\/\">Health + Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"574052\" 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=\"574052\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">Real Estate + Housing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/27\/amer-tourism-development-denies-scrapping-plans-new-sohag-city-land\/\">\r\n                            Amer Tourism Development denies scrapping plans New Sohag City land                        <\/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\/27\/amer-tourism-development-denies-scrapping-plans-new-sohag-city-land\/\" 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\/27\/amer-tourism-development-denies-scrapping-plans-new-sohag-city-land\/')\">\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\/27\/amer-tourism-development-denies-scrapping-plans-new-sohag-city-land\/\">\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=Amer Tourism Development denies scrapping plans New Sohag City land&url=https:\/\/enterpriseam.com\/egypt\/2020\/08\/27\/amer-tourism-development-denies-scrapping-plans-new-sohag-city-land\/\">\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\/27\/amer-tourism-development-denies-scrapping-plans-new-sohag-city-land\/&title=Amer Tourism Development denies scrapping plans New Sohag City land\">\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=Amer+Tourism+Development+denies+scrapping+plans+New+Sohag+City+land+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F08%2F27%2Famer-tourism-development-denies-scrapping-plans-new-sohag-city-land%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\/27\/amer-tourism-development-denies-scrapping-plans-new-sohag-city-land\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-574052\" class=\"content-area-description single-story post-574052 post type-post status-publish format-standard hentry category-real-estate-housing tag-amer-group tag-enterpriseam tag-real-estate-housing wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Amer Group subsidiary Amer Tourism Development denied in <a href=\"https:\/\/www.egx.com.eg\/downloads\/News\/%d8%b9%d8%a7%d9%85%d8%b1%20%d8%ac%d8%b1%d9%88%d8%a8%2025-8-2020.pdf\">an EGX disclosure (pdf)<\/a> that the company <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ee4d2a26-e361-42c2-81f9-b80b9fd734e4\">lost interest<\/a> in buying a 50 acre land plot in New Sohag City to construct an urban real estate project.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/amer-group\/\">Amer Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate-housing\/\">Real Estate + Housing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"574053\" 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=\"574053\">\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\/27\/gasco-in-talks-to-obtain-usd-300-mn-loan-for-expansions\/\">\r\n                            GASCO in talks to obtain USD 300 mn loan for expansions                        <\/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\/27\/gasco-in-talks-to-obtain-usd-300-mn-loan-for-expansions\/\" 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\/27\/gasco-in-talks-to-obtain-usd-300-mn-loan-for-expansions\/')\">\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\/27\/gasco-in-talks-to-obtain-usd-300-mn-loan-for-expansions\/\">\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=GASCO in talks to obtain USD 300 mn loan for expansions&url=https:\/\/enterpriseam.com\/egypt\/2020\/08\/27\/gasco-in-talks-to-obtain-usd-300-mn-loan-for-expansions\/\">\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\/27\/gasco-in-talks-to-obtain-usd-300-mn-loan-for-expansions\/&title=GASCO in talks to obtain USD 300 mn loan for expansions\">\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=GASCO+in+talks+to+obtain+USD+300+mn+loan+for+expansions+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F08%2F27%2Fgasco-in-talks-to-obtain-usd-300-mn-loan-for-expansions%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\/27\/gasco-in-talks-to-obtain-usd-300-mn-loan-for-expansions\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-574053\" class=\"content-area-description single-story post-574053 post type-post status-publish format-standard hentry category-banking-finance tag-banking-finance tag-egyptian-natural-gas-holding-company tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The Egyptian Natural Gas Company (GASCO) is in talks with three unnamed local banks for a loan of up to USD 300 mn to finance the expansion and maintenance of the natural gas grid, <a href=\"https:\/\/bit.ly\/3lnfvki\">Al Mal<\/a> reports, citing unnamed sources in the know. The loan is expected to carry a tenor of 5-7 years.<\/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-natural-gas-holding-company\/\">Egyptian Natural Gas Holding Company<\/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=\"574056\" 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=\"574056\">\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\">My Morning Routine<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/27\/my-wfh-routine-laila-hassan-principal-at-500-falcons\/\">\r\n                            My WFH Routine: Laila Hassan, Principal at 500 Falcons                        <\/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\/27\/my-wfh-routine-laila-hassan-principal-at-500-falcons\/\" 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\/27\/my-wfh-routine-laila-hassan-principal-at-500-falcons\/')\">\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\/27\/my-wfh-routine-laila-hassan-principal-at-500-falcons\/\">\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: Laila Hassan, Principal at 500 Falcons&url=https:\/\/enterpriseam.com\/egypt\/2020\/08\/27\/my-wfh-routine-laila-hassan-principal-at-500-falcons\/\">\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\/27\/my-wfh-routine-laila-hassan-principal-at-500-falcons\/&title=My WFH Routine: Laila Hassan, Principal at 500 Falcons\">\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+Laila+Hassan%2C+Principal+at+500+Falcons+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F08%2F27%2Fmy-wfh-routine-laila-hassan-principal-at-500-falcons%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\/27\/my-wfh-routine-laila-hassan-principal-at-500-falcons\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/225.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"574057\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/27\/my-wfh-routine-laila-hassan-principal-at-500-falcons\/225-jpg-10\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/225.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"225.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/225.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/225.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-574056\" class=\"content-area-description single-story post-574056 post type-post status-publish format-standard has-post-thumbnail hentry category-my-morning-routine tag-500-startups tag-enterpriseam tag-my-morning-routine tag-venture-capital 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-08\"><\/a> <strong>Laila Hassan, principal at 500 Falcons, 500 Startups:<\/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 Laila Hassan (<a href=\"https:\/\/ae.linkedin.com\/in\/lailaohassan\">LinkedIn<\/a>), principal at VC fund 500 Falcons.<\/p>\n<p><strong>My name is Laila Hassan and I\u2019m a principal at 500 Falcons, 500 Startups\u2019 Dubai-based MENA fund.<\/strong> 500 Startups is the most active global venture capital firm headquartered in San Francisco. Our global flagship funds include a series of five funds that invest across regions and industries. Aside from the global funds, we provide early-stage investment through our regional investment vehicles in Southeast Asia, the Middle East and North Africa (MENA), South Korea, Latin America, Turkey, Vietnam and Thailand. Aside from our international flagship accelerator programs, we have two hybrid investment programs in the Middle East; the MENA Dojo Pre-series A Program and the pre-seed Misk500 Accelerator Program in Riyadh, KSA.<\/p>\n<p><strong>500 Falcons, which was set up in 2017, is one of these region-specific funds that specifically invests in the Middle East or in Middle Eastern diaspora<\/strong> founders all over the world. Our mandate includes tech-enabled companies operating in the region and in any other country with a base in the MENA region. The Falcons Fund deploys capital into direct investments, investments via our accelerator programs and follow-ons.<\/p>\n<p><strong>Egypt is our biggest market and comprises the largest chunk of our portfolio.<\/strong> We\u2019ve invested a greater amount of capital in the UAE, but it\u2019s not really a fair comparison because you can do a lot more in Egypt with a lot less money. Egypt is really a booming market and we see a lot of value there. A lot of investors are specifically interested in and asking about Egypt, partially because of the demographics of the market, like the large population, but also because Egyptian founders have a reputation for being resilient and resourceful.<\/p>\n<p><strong>My days usually start off by getting my five-year-old daughter logged into her online classes.<\/strong> My husband and I have implemented a shift system for supervision and support that caters to her e-learning schedule, and I typically handle the morning \u201cshift\u201d (which runs from 8am-11am). Once my shift ends, I try to squeeze in an online workout class, and only then do I get started on work \u2014 that means my workday typically starts and ends much later than most. Whenever I can, I factor in 30 minutes to catch up on the news, including reading Enterprise.<\/p>\n<p><strong>The lockdown period has actually been quite enjoyable for me.<\/strong> I loved being completely relieved of social obligations, and I was grateful to not be on flights all the time \u2014 prior to covid, my job required me to travel at least once a month. Most of all, I\u2019m grateful for the chance I got to be together with my family to bond and learn more about each other. My five-year-old is apparently a math whiz \u2014 and my two-year-old is a world-class actress.<\/p>\n<p><strong>We don\u2019t have an office in Dubai, where I was based up until recently, so I\u2019ve been working from home for a long time.<\/strong> The only difference over the past few months is that I have had company \u2014 my husband and two daughters \u2014 while working at home. One of the biggest perks of the lockdown is that my husband resurrected his passion for cooking, so my meals are generally taken care of \u2014 and are Michelin star-quality.<\/p>\n<p><strong>I found that the best way to improve productivity is to have a daily routine and stick to it.<\/strong> For me, that includes my morning workout, taking a shower, and getting dressed in work-appropriate clothes. I even put on shoes \u2014 it really helps to make me feel like I\u2019ve stepped out of the parameters of my home space. I have a designated work desk with a big screen in a quiet room. I also think it\u2019s very important to make the work area cozy and inviting, which helps get you in the mood to work. I have a nice vase of flowers and some accessories on my desk for that effect.<\/p>\n<p><strong>Since the lockdown began, I\u2019ve definitely had a lot more Zoom meetings, which has been great for me.<\/strong> I love the fact that I don\u2019t need to factor in any commute time and just have much more productive conversations. It\u2019s also an easy way to catch up with people who I have been meaning to talk to, whether socially or professionally.<\/p>\n<p><strong>Our team is spread out across Dubai, Bahrain, Saudi Arabia, and now Egypt<\/strong> since I\u2019ve relocated, so we are very accustomed to interacting via Zoom. The one change over the past few months is that we\u2019ve all \u201cmet\u201d each other\u2019s kids \u2014 it\u2019s now expected that we\u2019ll hear their voices in the background of a call, or even chime in with a \u201chello\u201d every now and then.<\/p>\n<p><strong>I have plenty of entertainment at home, but I wouldn\u2019t necessarily call it \u201crelaxing.\u201d<\/strong> I play with my daughters \u2014 we do a lot of baking, hide and seek, arts and crafts and put on talent shows for my husband. Once we manage to put the kids to bed, we typically have friends over\/visit neighbors or catch up on Netflix series.<\/p>\n<p><strong>I really enjoyed watching <\/strong><strong><a href=\"https:\/\/www.imdb.com\/title\/tt9815454\/\">Unorthodox<\/a><\/strong><strong> on Netflix.<\/strong> Unfortunately, by the time I finish work, keeping up with the e-learning needs of the day, and putting the kids to bed, I hardly have any time to read. This is unfortunate, as in a previous life I used to be quite the bookworm. I get most of my reading from keeping up with the news, but also recently started <a href=\"https:\/\/www.goodreads.com\/en\/book\/show\/42348376\">Secrets of Sand Hill Road<\/a>.<\/p>\n<p><strong>When life returns to normal, the one thing I\u2019m eager to do again is give lots of hugs and kisses to my family and friends.<\/strong> I\u2019m naturally a very emotional person with lots of hugs to share and the pandemic has really put on an end to this emotional side. I recently relocated from Dubai to Egypt, so I\u2019ve been catching up with a lot of people I haven\u2019t seen in a long time but our hellos were waves and fist bumps.<\/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\/500-startups\/\">500 Startups<\/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\/venture-capital\/\">venture 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=\"574058\" 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=\"574058\">\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\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/27\/the-market-yesterday-155\/\">\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\/27\/the-market-yesterday-155\/\" 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\/27\/the-market-yesterday-155\/')\">\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\/27\/the-market-yesterday-155\/\">\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\/27\/the-market-yesterday-155\/\">\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\/27\/the-market-yesterday-155\/&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%2F27%2Fthe-market-yesterday-155%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\/27\/the-market-yesterday-155\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-574058\" class=\"content-area-description single-story post-574058 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 15.83 | Sell 15.93<\/p>\n<p> <strong>EGP \/ USD at CIB:<\/strong> Buy 15.83 | Sell 15.93<br \/>\n <strong>EGP \/ USD at NBE: <\/strong>Buy 15.84 | Sell 15.94<\/p>\n<p><strong>EGX30<\/strong> (Wednesday): 11,453 (-0.1%)<br \/>\n <strong>Turnover:<\/strong> EGP 1.6 bn (50% above the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: -17.96%<\/p>\n<p><strong>THE MARKET ON WEDNESDAY:<\/strong> The EGX30 ended Wednesday\u2019s session down 0.1%. CIB, the index\u2019s heaviest constituent, ended down 0.01%. EGX30\u2019s top performing constituents were Orascom Construction up 6.1%, Orascom Development Egypt up 2.8%, and GB Auto up 2.5%. Yesterday\u2019s worst performing stocks were EFG Hermes down 2.2%, Credit Agricole down 1.6% and AMOC down 1.4%. The market turnover was EGP 1.6 bn, and domestic investors were the sole net buyers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Short | EGP -31.5 mn<br \/>\n <strong>Regional<\/strong>: Net Short | EGP -7.4 mn<br \/>\n <strong>Domestic<\/strong>: Net Long | EGP +38.8 mn<\/p>\n<p><strong>Retail<\/strong>: 70.5% of total trades | 70.9% of buyers | 70.2% of sellers<br \/>\n <strong>Institutions<\/strong>: 29.5% of total trades | 29.1% of buyers | 29.8% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 43.41 (+0.05%)<br \/>\n <strong>Brent:<\/strong> USD 45.64 (-0.48%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 2.42 MMBtu, (-1.83%, September 2020 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,960.00 \/ troy ounce (+0.38%)<\/p>\n<p><strong>TASI:<\/strong> 7,955.04 (+0.21%) (YTD: -5.18%)<br \/>\n <strong>ADX:<\/strong> 4,529.79 (-0.63%) (YTD: -10.76%)<br \/>\n <strong>DFM:<\/strong> 2,288.93 (-0.68%) (YTD: -17.21%)<br \/>\n <strong>KSE Premier Market:<\/strong> 5,828.34 (+0.38%)<br \/>\n <strong>QE:<\/strong> 9,898.93 (-0.10%) (YTD: -5.05%)<br \/>\n <strong>MSM:<\/strong> 3,747.96 (+0.48%) (YTD: -5.86%)<br \/>\n <strong>BB: <\/strong>1,373.11 (-0.05%) (YTD: -14.72%)<\/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=\"574059\" 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\/27\/574059\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-574059\" class=\"content-area-description single-story post-574059 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>26-27 August (Wednesday- Thursday) \"Tutankhamun ... Treasures of the Golden Pharaoh\" exhibition will arrive <a href=\"https:\/\/bit.ly\/2Et97r3\">back in Egypt<\/a> from it\u2019s latest tour stop in London<\/p>\n<p>28 August (Friday): Friday prayers at all major mosques will resume with safety measures in place.<\/p>\n<p>28 August (Friday): Tripartite technical committee on GERD will complete technical report and submit it to the African Union for discussion.<\/p>\n<p>September: <a href=\"https:\/\/enterprise.press\/stories\/2019\/03\/03\/egypt-gets-its-first-federation-for-securities\/#:~:text=Egypt%20gets%20its%20first%20federation%20for%20securities%3A%20The%20Financial%20Regulatory,securities%2C%20according%20to%20a%20statement.\">The Egyptian Federation for Securities<\/a> will hold elections for its board of directors after they were <a href=\"https:\/\/bit.ly\/3hpX2Bp\">postponed<\/a> in March due to the lockdown.<\/p>\n<p>1 September (Tuesday): Tourist activities will resume in <a href=\"https:\/\/bit.ly\/2FGrdpU\">Luxor<\/a> and <a href=\"https:\/\/bit.ly\/31hAZY2\">Aswan<\/a>.<\/p>\n<p>1 September (Tuesday): All tourists flying to Egypt must show PCR tests.<\/p>\n<p>1-7 September (Tuesday-Tuesday): Possible announcement from the Education Ministry on what the new academic year will look like,<\/p>\n<p>September (date TBD): The General Authority for Investment (GAFI) <a href=\"https:\/\/bit.ly\/3kOkVVq\">will host<\/a> a virtual meeting with the Arab-German Chamber of Commerce and Industry and some 120 German companies to discuss investment prospects in Egypt.<\/p>\n<p>8-9 September (Tuesday-Wednesday): Run-off Senate elections.<\/p>\n<p>9 September-25 October: KLM to run passenger flights to Cairo for the first time since 2017.<\/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>16 September (Wednesday): The last day for the final results of the senate elections to be announced.<\/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>Late October or November: Voters head to the polls to elect a new House of Representatives. Election dates still TBD.<\/p>\n<p>1 October (Thursday): House of Representatives reconvenes for its sixth and final legislative session before elections for the house later in October or November.<\/p>\n<p>4 October (Sunday): Senate convenes for its first session.<\/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>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>4-7 November (Wednesday-Saturday): <a href=\"https:\/\/www.cityscapeegypt.com\/en\/Home.html\">Cityscape Egypt Expo<\/a>, International Exhibition Center, Cairo<\/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>26-29 June 2021 (Saturday-Tuesday): <a href=\"https:\/\/www.thebig5constructegypt.com\/?utm_source=Adestra&utm_medium=email&CID=003D000002UIHn4IAH&utm_campaign=Egyp%5Bt%20postponement%20generic%20exp%20visp&utm_term&utm_content=7014G000001cG3zQAE&CNAME=Enterprise\">The Big 5 Construct Egypt<\/a>, Cairo International Convention Center<\/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":574027,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-574026","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"a8dc8367-950f-45bf-8feb-66a7dcd44c18","teaser":"","photo_url":"https:\/\/ent.news\/2020\/8\/215.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Cabinet warns of second wave of covid-19, says to take precautions seriously - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/issues\/cabinet-warns-of-second-wave-of-covid-19-says-to-take-precautions-seriously\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cabinet warns of second wave of covid-19, says to take precautions seriously\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/issues\/cabinet-warns-of-second-wave-of-covid-19-says-to-take-precautions-seriously\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T09:28:46+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/215.jpg?fit=%2C&ssl=1\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/cabinet-warns-of-second-wave-of-covid-19-says-to-take-precautions-seriously\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/issues\/cabinet-warns-of-second-wave-of-covid-19-says-to-take-precautions-seriously\/\",\"name\":\"Cabinet warns of second wave of covid-19, says to take precautions seriously - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/cabinet-warns-of-second-wave-of-covid-19-says-to-take-precautions-seriously\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/cabinet-warns-of-second-wave-of-covid-19-says-to-take-precautions-seriously\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/215.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2020-08-27T04:16:34+00:00\",\"dateModified\":\"2025-12-16T09:28:46+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/cabinet-warns-of-second-wave-of-covid-19-says-to-take-precautions-seriously\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/issues\/cabinet-warns-of-second-wave-of-covid-19-says-to-take-precautions-seriously\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/cabinet-warns-of-second-wave-of-covid-19-says-to-take-precautions-seriously\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/215.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/215.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/cabinet-warns-of-second-wave-of-covid-19-says-to-take-precautions-seriously\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Issues\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/AMarchives\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Cabinet warns of second wave of covid-19, says to take precautions seriously\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Cabinet warns of second wave of covid-19, says to take precautions seriously - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/issues\/cabinet-warns-of-second-wave-of-covid-19-says-to-take-precautions-seriously\/","og_locale":"en_US","og_type":"article","og_title":"Cabinet warns of second wave of covid-19, says to take precautions seriously","og_url":"https:\/\/enterpriseam.com\/egypt\/issues\/cabinet-warns-of-second-wave-of-covid-19-says-to-take-precautions-seriously\/","og_site_name":"EnterpriseAM Egypt","article_modified_time":"2025-12-16T09:28:46+00:00","twitter_card":"summary_large_image","twitter_image":"https:\/\/i0.wp.com\/ent.news\/2020\/8\/215.jpg?fit=%2C&ssl=1","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/cabinet-warns-of-second-wave-of-covid-19-says-to-take-precautions-seriously\/","url":"https:\/\/enterpriseam.com\/egypt\/issues\/cabinet-warns-of-second-wave-of-covid-19-says-to-take-precautions-seriously\/","name":"Cabinet warns of second wave of covid-19, says to take precautions seriously - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/cabinet-warns-of-second-wave-of-covid-19-says-to-take-precautions-seriously\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/cabinet-warns-of-second-wave-of-covid-19-says-to-take-precautions-seriously\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2020\/8\/215.jpg?fit=%2C&ssl=1","datePublished":"2020-08-27T04:16:34+00:00","dateModified":"2025-12-16T09:28:46+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/cabinet-warns-of-second-wave-of-covid-19-says-to-take-precautions-seriously\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/issues\/cabinet-warns-of-second-wave-of-covid-19-says-to-take-precautions-seriously\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/cabinet-warns-of-second-wave-of-covid-19-says-to-take-precautions-seriously\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2020\/8\/215.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2020\/8\/215.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/cabinet-warns-of-second-wave-of-covid-19-says-to-take-precautions-seriously\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Issues","item":"https:\/\/enterpriseam.com\/egypt\/AMarchives\/"},{"@type":"ListItem","position":3,"name":"Cabinet warns of second wave of covid-19, says to take precautions seriously"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}}]}},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/574026","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/issue"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/574026\/revisions"}],"predecessor-version":[{"id":574068,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/574026\/revisions\/574068"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/574027"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=574026"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=574026"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=574026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}