{"id":574206,"date":"2020-09-02T04:00:30","date_gmt":"2020-09-02T04:00:30","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=574206"},"modified":"2025-12-16T09:34:40","modified_gmt":"2025-12-16T09:34:40","slug":"paris-metro-company-lands-cairo-metro-line-3-contract","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/paris-metro-company-lands-cairo-metro-line-3-contract\/","title":{"rendered":"Paris metro company lands Cairo Metro Line 3 contract"},"content":{"rendered":"<section id=\"574208\" 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=\"574208\">\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\/09\/02\/what-were-tracking-on-2-september-2020\/\">\r\n                            What we\u2019re tracking on 2 September 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\/09\/02\/what-were-tracking-on-2-september-2020\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Expect the pace of business and news to steadily pick up through mid-September, by which time most private schools should be back in session.<\/p><p><strong>We should know more about K-12 education at public schools in the coming days<\/strong>, with Education Minister Tarek Shawki <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b823d6fa-6b79-4bd5-bac6-3308f30ed174\">due to announce<\/a> how things will look sometime next week. Shawki is expected to announce measures to reduce classroom density and push toward a hybrid of in-school and at-home learning before public schools resume in mid-October as his cabinet colleagues continue to warn about the potential for a second wave of covid-19.<\/p><p><strong>Davos in the Desert delayed: <\/strong>Saudi Arabia is pushing its annual Future Investment Initiative conference to 26-28 January over covid-19 concerns, the organizers announced on <a href=\"https:\/\/twitter.com\/FIIKSA\/status\/1300826443056807938\">Twitter<\/a> yesterday. The gathering was previously scheduled for October; past iterations attracted global figures including BlackRock\u2019s Larry Fink and JPMorgan Chase\u2019s Jamie Dimon.<\/p><p><strong>MORNING MUST-READ for finance nerds: <\/strong><strong><a href=\"https:\/\/www.nytimes.com\/2020\/08\/28\/your-money\/impact-investing-coronavirus.html\">Investing in social good is finally becoming<\/a><\/strong><strong><a href=\"https:\/\/www.nytimes.com\/2020\/08\/28\/your-money\/impact-investing-coronavirus.html\">profitable<\/a><\/strong> in the New York Times, which reports that <strong>impact investments are outperforming traditional approaches<\/strong> whether they\u2019re in public or private equities. Interestingly, RBC Capital Markets data suggests that \u201c64% of actively managed ESG funds beat their benchmarks versus 49% of traditional funds through the first week in August.\u201d<\/p><p><strong>PSA #1- Moderate weather is expected along the north coast until Friday<\/strong>, according to the <a href=\"https:\/\/bit.ly\/31OMF4U\">Egyptian Meteorological Authority<\/a>, but our favourite weather app is suggesting <strong>we\u2019re looking at a heatwave accompanied by high humidity in Cairo<\/strong>. Temps in the nation\u2019s capital will be in the 39-44\u00b0C bracket today through Monday, while central and south Sinai will see moderate-to-heavy rainfall through Friday that threatens flooding.<\/p><p><strong>PSA #2- Otlob has rebranded as Talabat<\/strong>, and is offering a 30-minute (good luck\u2026) grocery delivery service, <a href=\"https:\/\/www.menabytes.com\/talabat-egypt-grocery-delivery\/\">Menabytes reports<\/a>. Does it herald a move towards faster delivery time and better customer service? The rebranding was <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2b3c396d-a958-4703-b484-da0cdc8fccf1\">announced last month<\/a>.<\/p><hr class=\"grey-line\"><p><strong>K<\/strong><strong>ey news triggers coming up<\/strong> in the next two weeks:<\/p><ul>\n<li><strong>PMI figures for August<\/strong> will land tomorrow;<\/li>\n<li><strong>Foreign reserves figures<\/strong> should be out early next week;<\/li>\n<li><strong>Runoff elections for Senate seats<\/strong> are scheduled for 8-9 September. Look for final results on the 16th;<\/li>\n<li><strong>Inflation data for August<\/strong> should be out on or around Thursday, 10 September.<\/li>\n<\/ul><p><strong>September is shaping up to be virtual conference season.<\/strong> Among those that you may want to poke into:<\/p><ul>\n<li><strong>An <\/strong><strong><a href=\"http:\/\/www.eba.org.eg\/Main\/Default.aspx\">Egyptian Businessmen Association<\/a><\/strong><strong> online <\/strong><strong><a href=\"https:\/\/bit.ly\/3lK58rg\">meeting<\/a><\/strong> with its Bahraini counterpart will discuss mutual trade and investment opportunities on 8 September.<\/li>\n<li><strong>The <\/strong><strong><a href=\"https:\/\/bit.ly\/3lwijfc\">Chemical Industries Export Council<\/a><\/strong><strong> and <\/strong><strong><a href=\"https:\/\/expolink.org\/\">Expolink<\/a><\/strong><strong> will organize a <\/strong><strong><a href=\"https:\/\/bit.ly\/3kBMjWw\">virtual conference<\/a><\/strong> to discuss export options for Egyptian chemical exporters in Kenya and Uganda from 14-15 September.<\/li>\n<li><strong><a href=\"https:\/\/talentsarena.net\/\">Talents Arena<\/a><\/strong><strong> will host Egypt\u2019s first tech job fair <\/strong>which will be held online on 19 September under the banner <a href=\"https:\/\/bit.ly\/2YPG5sM\">JobStack<\/a>.<\/li>\n<li><strong><a href=\"https:\/\/gafi.gov.eg\/English\/Pages\/default.aspx\">GAFI<\/a><\/strong><strong> is hosting a <\/strong><strong><a href=\"https:\/\/bit.ly\/3kOkVVq\">virtual meeting<\/a><\/strong><strong> with the <\/strong><strong><a href=\"https:\/\/aegypten.ahk.de\/en\/\">Arab-German Chamber of Commerce<\/a><\/strong><strong> and Industry<\/strong> and some 120 German companies to discuss investment prospects in Egypt sometime this month.<\/li>\n<\/ul><hr class=\"grey-line\"><p><strong>The Health Ministry <\/strong><strong><a href=\"https:\/\/bit.ly\/34TPkvX\">reported<\/a><\/strong><strong> 176 new covid-19 infections yesterday<\/strong>, down from 212 the day before. Egypt has now disclosed a total of 99,115 confirmed cases of covid-19. The ministry also reported 19 new deaths, bringing the country\u2019s total death toll to 5,440. We now have a total of 73,828 confirmed cases that have fully recovered.<\/p><p><strong>The Supply Ministry made it compulsory for families with 4+ members to receive a face <\/strong><strong>mask on their monthly ration cards<\/strong> as of yesterday, a cabinet <a href=\"https:\/\/bit.ly\/2YVpXGc\">statement<\/a> said on Tuesday. The move comes as cabinet <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b823d6fa-6b79-4bd5-bac6-3308f30ed174\">continues to warn<\/a> of a possible second wave. The ministry <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/93bd7150-7431-4ce9-b11c-a515f2a55702\">began distributing<\/a> up to two masks per month to people with ration cards at the beginning of July.<\/p><p><strong>Karnak Temple yesterday received French and Ukrainian tour groups for the first time since March,<\/strong> after opening Luxor and Aswan for tour groups, according to <a href=\"https:\/\/bit.ly\/3gOukcf\">Al Mal<\/a>. Tourists will <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/996ae351-6ff0-4c68-9a0f-0d56828e6efb\">now be able<\/a> to visit Egypt's temples, archaeological sites, attractions, and museums following a five-month closure. Tourists from Japan, and South Korea <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5d2765f5-252e-4315-9c7d-9712d50c8581\">are expected throughout September<\/a>, and the expectation is that Upper Egypt travel will pick up in December for the winter season after Nile Cruises resume in October.<\/p><hr class=\"grey-line\"><p><strong>Three covid-19 vaccines are entering final stage testing: <\/strong>UK-based AstraZeneca said its vaccine candidate is entering its final stage of testing in the US. Another vaccine created by the National Institutes of Health and manufactured by Moderna began final testing this summer, as has another developed by Pfizer and Germany\u2019s BioNTech, the <a href=\"https:\/\/apnews.com\/299b8b25a1390e43b90043d2807962d6\">Associated Press<\/a> reports.<\/p><p><strong>The UAE yesterday reported over 500 new covid-19 cases for the second <\/strong><strong>consecutive day,<\/strong> the government <a href=\"https:\/\/twitter.com\/uaegov\/status\/1300823710472040450\">said yesterday<\/a>. Government officials previously said the curfew could be reinstated if the trend continues. The curfew was lifted on 24 June, and Dubai began welcoming foreign visitors again on 7 July.<\/p><p><strong>Airlines are still hurting as international flights start to resume, with planes still <\/strong><strong>flying half empty <\/strong>and long-haul flights yet to rebound to pre-covid levels. Passenger traffic improved marginally in July as domestic travel picked up but remained at \u201ccritically low\u201d levels, <a href=\"https:\/\/www.iata.org\/en\/pressroom\/2020-09-01-01\/\">the International Air Transport Association<\/a> (IATA) said yesterday. Global traffic was down almost 80% y-o-y during the month, a slight but hardly reassuring improvement on the 86.6% decline witnessed in June.<\/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><\/p><p><strong>Turkey insists on reaching level 12, <\/strong><strong><a href=\"https:\/\/dragonball.fandom.com\/wiki\/Super_Saiyan\">Super-Saiyan<\/a><\/strong><strong> pariah status: <\/strong>Turkey intends to carry out seismic surveys in the disputed area of the eastern Mediterranean with Greece until 12 September, <a href=\"https:\/\/turkishpress.com\/turkish-ship-to-continue-med-exploration-until-sept-12\/\">Turkish Press reports<\/a>. Earlier this month Turkey resumed energy exploration (accompanied by naval vessels) in the EastMed after <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3c3ad5b2-df09-4b29-a8b0-493e1b964837\">Greece and Egypt signed a maritime accord<\/a> delineating borders between them. Exploration vessel Oruc Reis (named after the brother <a href=\"https:\/\/en.wikipedia.org\/wiki\/Oru%C3%A7_Reis\">of famed pirate Redbeard<\/a>, so you know where their heads are) was supposed to complete seismic research on 1 September. Greece\u2019s ratification of the accord last Thursday appears to be driving the escalation.<\/p><p><strong>This comes as Ankara again warned Greece yesterday against sending troops to Kastellorizo<\/strong>, an island between both countries that has become a flashpoint in recent days \u2014 <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/22727ffe-7c02-481d-9cc5-8386ebe9dfbb\">the second such warning in as many days<\/a>.<\/p><hr class=\"grey-line\"><p><strong>Dubai is looking to issue a rare USD-denominated bond and sukuk issuance<\/strong> \u2014 the latter of which hadn\u2019t taken place since in 2014. Dubai is hoping to raise USD 2 bn or more for its budget by selling 10-year sukuks and 30-year bonds, a person close to the matter told <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-08-31\/dubai-to-sell-dollar-debt-sukuk-as-gulf-states-bolster-finances\">Bloomberg<\/a>. Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, HSBC and Standard Chartered, will be managing the sukuk sale. Last month, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5d2765f5-252e-4315-9c7d-9712d50c8581\">Abu Dhabi issued<\/a> a USD 5 bn triple-tranche USD-denominated debt offering.<\/p><p><strong>The UAE and other EM are taking advantage of the Fed keeping interest rates low and investors chasing yields<\/strong> to hit global debt markets and plug shortfalls from the covid-19 crisis. Egypt <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/000a6b27-901e-41be-895f-cf6ab6ee623f\">announced on Monday<\/a> that it had concluded a USD 2 bn financing package with regional and international banks.<\/p><p><strong>The big surprise: Dubai\u2019s debt burden is lower than many expected: <\/strong>The prospectus puts it at AED 123.5 bn (USD 33.6 bn) or 28% of last year\u2019s GDP, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-09-01\/dubai-lifts-veil-on-debt-showing-it-owes-much-less-than-thought\">Bloomberg<\/a>. Estimates from S&amp;P and Bank of America had previously suggested it was in the range of 56-66% of GDP.<\/p><hr class=\"grey-line\"><p><strong>US ELECTION WATCH- Joe Biden smashed records with a USD 300 mn fundraising haul <\/strong>in August, according to an exclusive from the <a href=\"https:\/\/www.nytimes.com\/2020\/09\/01\/us\/politics\/biden-trump-fundraising-election.html\">New York Times<\/a>.<\/p><p><strong>Is the Trump administration finally getting serious on stimulus?<\/strong> US Treasury Secretary Steven Mnuchin has reached out to Democratic House Speaker Nancy Pelosi to restart talks on a stalled relief package that broke down a month ago, believing it\u2019s urgently needed for a full recovery from the pandemic, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-09-01\/senate-republicans-eye-vote-on-500-billion-stimulus-next-week?sref=mmeFTDW1\">Bloomberg<\/a> reports.<\/p><p><strong>Apple is gearing up for its fall product launch season <\/strong>and doesn\u2019t seem to expect a covid-related slowdown in demand. Apple has ordered its suppliers to manufacture some 75 mn 5G iPhones alongside its latest batch of iPads and watches, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-09-01\/apple-targets-75-million-5g-iphones-for-fall-product-blitz?sref=mmeFTDW1\">Bloomberg<\/a> reports, suggesting a launch could come in the first week of October \u2014 two weeks later than last year. <strong>Also look out for: <\/strong>a new iPad Air with an edge-to-edge display, two new watches, over-ear headphones, and a smaller HomePod speaker.<\/p><p><strong>Meanwhile, Samsung\u2019s second kick at a folding smartphone is will be out on 18 <\/strong><strong>September<\/strong>, <a href=\"https:\/\/www.theverge.com\/2020\/9\/1\/21407750\/samsungs-galaxy-z-fold-2-price-release-date-hinge-screen-durability\">the Verge<\/a> reports, but if we iSheep were going to switch teams, we\u2019d be much more likely to want to check out <a href=\"https:\/\/www.youtube.com\/watch?v=R1CNwBzYqRs&amp;feature=youtu.be&amp;t=490\">the upcoming Microsoft Surface Duo<\/a>, which will <a href=\"https:\/\/www.theverge.com\/2020\/8\/12\/21364633\/microsoft-surface-duo-release-date-pricing-features-specs\">launch on 10 September<\/a> and (at USD 1.4k) cost about USD 500 less than Samsung\u2019s Galaxy Z Fold 2.<\/p><p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/Web-view-01.jpg?ssl=1\" alt=\"enterprise\"><\/p><p><strong>*** It\u2019s Hardhat day \u2014 your weekly briefing of all things infrastructure in Egypt:<\/strong> Enterprise\u2019s industry vertical focuses each Wednesday on infrastructure, covering everything from energy, water, transportation, urban development and as well as social infrastructure such as health and education.<\/p><p><strong>In today\u2019s issue:<\/strong> We wrap our three-part series on the state of Egypt\u2019s electricity generation and transmission infrastructure. This week we look at how the government intends to bring the private sector in from the cold and increase its involvement in the generation and distribution of electricity.<\/p>\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\/\">Abu Dhabi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/aviation\/\">aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/bonds\/\">Bonds<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/dubai\/\">Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/efg-hermes\/\">EFG Hermes<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/frontier-markets\/\">frontier markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/interest-rates\/\">interest rates<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/logistics\/\">logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/maersk\/\">Maersk<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mena\/\">MENA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate\/\">real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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href=\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/02\/settlement-of-building-code-violations-still-top-story-on-moussas-talk-show\/\">\r\n                            Settlement of building code violations still top story on Moussa\u2019s talk show                        <\/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\/09\/02\/settlement-of-building-code-violations-still-top-story-on-moussas-talk-show\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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 <\/a>\r\n\r\n                \n<article id=\"post-574210\" class=\"content-area-description single-story post-574210 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-ahmed-moussa tag-covid-19 tag-enterprise-last-nights-talk-shows tag-enterpriseam tag-higher-education-ministry tag-khaled-abdel-ghaffar tag-national-bank-of-egypt tag-salah-diab wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>With Amr Adib returning to the airwaves on Friday, we have just one more night before <\/strong><strong>we resume our normal coverage<\/strong> (although it will admittedly <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/29679529-b175-4de4-9292-2815d8c1fdb6\">remain Lamees-less<\/a> for the foreseeable future, with suggestions that the queen of night-time talk is taking her show to a new channel). Luckily Sherif Amer was on hand last night to break up the Ahmed Moussa-fest. Variety is the spice of life and all that\u2026<\/p>\n<p><strong>Latest on settling building violations: <\/strong>Ala Mas\u2019ouleety\u2019s Ahmed Moussa discussed the Fayoum governor\u2019s initiative with the National Bank of Egypt to help citizens settle building violations by providing loans covering 25% of the amount owed. Borrowers would have 10 years to pay back the loans <a href=\"https:\/\/youtu.be\/C6WjX_RfkkQ\">(watch, runtime: 4:08)<\/a>. Members of parliament on Tuesday <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=01092020&id=2ca38ffe-0193-4ae7-8abb-65c4cf1cdd1b\">called on citizens<\/a> to swiftly settle any violations as the government has stressed that the end-of-month deadline is non-negotiable.<\/p>\n<p><strong>El Sisi calls for new universities: <\/strong>Moussa spoke with the Higher Education Minister Khaled Abdel Ghaffar who discussed President Abdel Fattah El Sisi\u2019s call to build 10 new tech universities across the country. Abdel Ghaffar said that the cost of the universities will vary according to their specializations and required resources, but should average around EGP 3-4 bn each, with a capacity for 10-12k students each in their first years. El Sisi has requested that they be completed in under three years, Abdel Gaffar noted <a href=\"https:\/\/youtu.be\/g9zaTotTSvY\">(watch, runtime: 12:21)<\/a>. We have more on this in this morning\u2019s Speed Round, below.<\/p>\n<p><strong>Covid-19 treatment: <\/strong>Mousa spoke with Amgad Talaat, general manager of domestic manufacturer Eva Pharma, which has acquired the license to locally produce covid-19 treatments remdesivir and favipiravir, as well as distribute them to 126 countries worldwide. He said that many African countries have already put in requests to obtain Remdesivir, without providing details. Early results of remdesivir, which has been approved by the US Food and Drug Administration, are already promising, proving at least as successful as in the US <a href=\"https:\/\/www.youtube.com\/watch?v=_Nd2Fy-Eb4U&t=28s\">(watch, runtime: 27:48)<\/a>.<\/p>\n<p><strong>Covid is weakening in Egypt -health advisor: <\/strong>Yahduth Fi Misr\u2019s Sherif Amer phoned presidential health advisor Mohammad Awad Tag Eldin, who reported that the number of people requiring ventilators has decreased and that the severity of the disease has weakened <a href=\"https:\/\/www.youtube.com\/watch?v=lD47rfvTLWA\">(watch, runtime: 4:53)<\/a>, <a href=\"https:\/\/www.youtube.com\/watch?v=L1Tu3ic1YyI\">(watch, runtime: 2:53)<\/a>.<\/p>\n<p><strong>Arrest of Salah Diab: <\/strong>Moussa also took note of the arrest of businessman Salah Diab, who faces charges of construction violations and is being questioned about alleged misconduct in what authorities said were financial cases <a href=\"https:\/\/www.youtube.com\/watch?v=co0wsNCpjhE\">(watch, runtime: 6:46)<\/a>. Check out the Speed Round below for more.<\/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\/ahmed-moussa\/\">Ahmed Moussa<\/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\/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\/higher-education-ministry\/\">Higher Education Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/khaled-abdel-ghaffar\/\">Khaled Abdel Ghaffar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/national-bank-of-egypt\/\">National Bank of Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/salah-diab\/\">Salah Diab<\/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=\"574211\" 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=\"574211\">\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\/09\/02\/french-transportation-firm-ratp-dev-to-run-cairo-metro-line-3\/\">\r\n                            French transportation firm RATP Dev to run Cairo Metro Line 3                        <\/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\/09\/02\/french-transportation-firm-ratp-dev-to-run-cairo-metro-line-3\/\" 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\/09\/02\/french-transportation-firm-ratp-dev-to-run-cairo-metro-line-3\/')\">\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\/09\/02\/french-transportation-firm-ratp-dev-to-run-cairo-metro-line-3\/\">\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=French transportation firm RATP Dev to run Cairo Metro Line 3&url=https:\/\/enterpriseam.com\/egypt\/2020\/09\/02\/french-transportation-firm-ratp-dev-to-run-cairo-metro-line-3\/\">\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\/09\/02\/french-transportation-firm-ratp-dev-to-run-cairo-metro-line-3\/&title=French transportation firm RATP Dev to run Cairo Metro Line 3\">\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=French+transportation+firm+RATP+Dev+to+run+Cairo+Metro+Line+3+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F09%2F02%2Ffrench-transportation-firm-ratp-dev-to-run-cairo-metro-line-3%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\/09\/02\/french-transportation-firm-ratp-dev-to-run-cairo-metro-line-3\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/22.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"574212\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/02\/french-transportation-firm-ratp-dev-to-run-cairo-metro-line-3\/22-jpg-19\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/22.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"22.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/22.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/22.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-574211\" class=\"content-area-description single-story post-574211 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round tag-enterpriseam tag-line-3 tag-ratp-dev tag-speed-round tag-transport wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>French transportation firm <\/strong><strong><a href=\"https:\/\/www.ratpdev.com\/en\/home\">RATP Dev<\/a><\/strong><strong> will run Cairo Metro Line 3:<\/strong> The National Authority for Tunnels (NAT) signed a EUR 1.14 bn contract with French transportation firm RATP Dev to operate the Cairo metro\u2019s third line for a period of 15 years, <a href=\"https:\/\/bit.ly\/31Nh0AI\">according to a Transport Ministry statement.<\/a> RATP Dev \u2014 short for R\u00e9gie Autonome des Transports Parisiens \u2014 operates urban transport systems on four continents, including the Paris metro line.<\/p>\n<p><strong>Metro Line 3 houses Egypt\u2019s first transit hub\u2026 <\/strong>Adly Mansour station \u2014 the final station on Line 3 which was inaugurated <a href=\"https:\/\/bit.ly\/31SZWbk\">last month<\/a> by President Abdel Fattah El Sisi \u2014 is now officially the country\u2019s first transit hub. The hub will connect the New Administrative Capital to the rest of the nation and include a commercial investment zone alongside a full-service transport complex. The station, which was constructed by Orascom Construction and the Arab Contractors, will also connect five different modes of transportation and serve some 1.5 mn passengers per day.<\/p>\n<p><strong>\u2026And the Middle East\u2019s largest metro station:<\/strong> Heliopolis metro station was declared the largest metro station in MENA when Transport Minister Kamel El Wazir inaugurated it in <a href=\"https:\/\/enterprise.press\/stories\/2019\/10\/21\/egypt-inaugurates-heliopolis-metro-station\/\">October of last year<\/a>, becoming the largest in the Middle East. The station is slated to accommodate <a href=\"https:\/\/enterprise.press\/stories\/2019\/10\/22\/nat-plans-to-auction-shopping-mall-in-heliopolis-metro-station-next-year\/\">an entire shopping mall<\/a> this year.<\/p>\n<p><strong>Advisors:<\/strong> Zaki Hashem & Partners acted as the legal advisor on the transaction.<\/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\/line-3\/\">Line 3<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ratp-dev\/\">RATP Dev<\/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\/transport\/\">transport<\/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=\"574225\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"574226\" 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=\"574226\">\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\">Image of the Day<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/02\/anatomy-of-an-ai-system\/\">\r\n                            Anatomy of an AI system                        <\/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\/09\/02\/anatomy-of-an-ai-system\/\" 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\/09\/02\/anatomy-of-an-ai-system\/')\">\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\/09\/02\/anatomy-of-an-ai-system\/\">\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=Anatomy of an AI system&url=https:\/\/enterpriseam.com\/egypt\/2020\/09\/02\/anatomy-of-an-ai-system\/\">\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\/09\/02\/anatomy-of-an-ai-system\/&title=Anatomy of an AI system\">\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=Anatomy+of+an+AI+system+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F09%2F02%2Fanatomy-of-an-ai-system%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\/09\/02\/anatomy-of-an-ai-system\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/27.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"574227\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/02\/anatomy-of-an-ai-system\/27-jpg-16\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/27.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"27.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/27.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/27.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-574226\" class=\"content-area-description single-story post-574226 post type-post status-publish format-standard has-post-thumbnail hentry category-image-of-the-day tag-ai tag-enterpriseam tag-image-of-the-day tag-technology wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Anatomy of an AI system:<\/strong> The image above is just a tiny part of an absurdly detailed infographic mapping the entire value chain and labor structure of Amazon\u2019s Echo Dot, from the rare earth mines in the Congo to the harvesting of user data for predictive analytics. Check out the entire graphic <a href=\"https:\/\/anatomyof.ai\/img\/ai-anatomy-map.pdf\">here (pdf)<\/a> and read a <a href=\"https:\/\/anatomyof.ai\/\">detailed explainer here<\/a>.<\/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\/ai\/\">AI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/image-of-the-day\/\">IMAGE OF THE DAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/technology\/\">technology<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"574228\" 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=\"574228\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/02\/ahmed-bassem-zaki-charged-with-redacted-assault-of-3-minors\/\">\r\n                            Ahmed Bassem Zaki charged with [redacted] assault of 3 minors                        <\/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\/09\/02\/ahmed-bassem-zaki-charged-with-redacted-assault-of-3-minors\/\" 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\/09\/02\/ahmed-bassem-zaki-charged-with-redacted-assault-of-3-minors\/')\">\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\/09\/02\/ahmed-bassem-zaki-charged-with-redacted-assault-of-3-minors\/\">\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=Ahmed Bassem Zaki charged with [redacted] assault of 3 minors&url=https:\/\/enterpriseam.com\/egypt\/2020\/09\/02\/ahmed-bassem-zaki-charged-with-redacted-assault-of-3-minors\/\">\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\/09\/02\/ahmed-bassem-zaki-charged-with-redacted-assault-of-3-minors\/&title=Ahmed Bassem Zaki charged with [redacted] assault of 3 minors\">\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=Ahmed+Bassem+Zaki+charged+with+%5Bredacted%5D+assault+of+3+minors+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F09%2F02%2Fahmed-bassem-zaki-charged-with-redacted-assault-of-3-minors%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\/09\/02\/ahmed-bassem-zaki-charged-with-redacted-assault-of-3-minors\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-574228\" class=\"content-area-description single-story post-574228 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-metoo tag-egypt-in-the-news tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>It\u2019s a quiet morning in the pages of the foreign press. The only story of note:<\/strong> Ahmed Bassem Zaki, a former student <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/96d8f1da-d602-4781-a6a1-1e566b4c868f\">arrested in July<\/a>, has been charged with [redacted] harassing three women who were then-minors, the <a href=\"https:\/\/apnews.com\/92b30efc5e855d14eac7025a9d110383\">Associated Press<\/a> reports. Zaki also stands accused of using explicit images of the women for blackmail, Public Prosecutor Hamada el-Sawy said.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/metoo\/\">#MeToo<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-in-the-news\/\">Egypt in the News<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"574229\" 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=\"574229\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">Worth watching<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/02\/the-ft-explains-trumps-crackdown-on-wechat-and-tiktok\/\">\r\n                            The FT explains Trump\u2019s crackdown on WeChat and Tiktok                        <\/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\/09\/02\/the-ft-explains-trumps-crackdown-on-wechat-and-tiktok\/\" 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\/09\/02\/the-ft-explains-trumps-crackdown-on-wechat-and-tiktok\/')\">\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\/09\/02\/the-ft-explains-trumps-crackdown-on-wechat-and-tiktok\/\">\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 FT explains Trump\u2019s crackdown on WeChat and Tiktok&url=https:\/\/enterpriseam.com\/egypt\/2020\/09\/02\/the-ft-explains-trumps-crackdown-on-wechat-and-tiktok\/\">\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\/09\/02\/the-ft-explains-trumps-crackdown-on-wechat-and-tiktok\/&title=The FT explains Trump\u2019s crackdown on WeChat and Tiktok\">\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+FT+explains+Trump%E2%80%99s+crackdown+on+WeChat+and+Tiktok+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F09%2F02%2Fthe-ft-explains-trumps-crackdown-on-wechat-and-tiktok%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\/09\/02\/the-ft-explains-trumps-crackdown-on-wechat-and-tiktok\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/28.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"574230\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/02\/the-ft-explains-trumps-crackdown-on-wechat-and-tiktok\/28-jpg-14\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/28.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"28.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/28.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/28.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-574229\" class=\"content-area-description single-story post-574229 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-watching tag-apple tag-capital-markets tag-china tag-covid-19 tag-data tag-donald-trump tag-employment tag-enterpriseam tag-huawei tag-pandemic tag-politics tag-social-media tag-tiktok tag-us tag-wechat tag-worth-watching wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>Explainer- Why Chinese social media apps have become the ICBMs in the <\/strong><strong>US-China trade war: <\/strong>Chinese social media apps WeChat and TikTok have found themselves in the frontline of the every evolving global trade war between Washington and Beijing, after US President Donald Trump t<a href=\"https:\/\/www.theverge.com\/2020\/8\/3\/21352878\/trump-us-ban-tiktok-microsoft-acquisition-treasury-interview-deadline\">hreatened to \u2018close down\u2019 TikTok<\/a> on 15 September unless an American company buys it. FT's Washington bureau chief Demetri Sevastopulo and global China editor James Kynge discuss the implications of the move (<a href=\"https:\/\/bit.ly\/3jBvA4y\">watch, runtime: 10:44<\/a>).<\/p>\n<p><strong>Why is this happening?<\/strong> Grand standing in an election year aside, the Trump administration has made technological superiority to China and limiting what it alleges as espionage by Chinese tech firm has been a crucial dynamic of the trade war since the Huawei ban. With the upcoming sale of TikTok and the IPO of <a href=\"https:\/\/markets.businessinsider.com\/news\/stocks\/ant-group-ipo-tech-stock-sales-dot-com-bubble-record-2020-8-1029549532\">Jack Ma\u2019s Ant looking set to break records<\/a> in a tech landscape starved of new blockbuster listings, the Trump administration feels the need to act.<\/p>\n<p><strong>The implication:<\/strong> As with the Cuban Missile Crisis, the fear is retaliation. US companies such as Apple see China as an important growth market, and any attempts by Beijing to retaliate could jeopardize that growth. We\u2019re already seeing signs of that as <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e743d597-fb34-46a0-ba6b-763bb650940f\">China updated it\u2019s export controls over the weekend<\/a> to ensure that TikTok owner ByteDance must be granted government approval before an agreement is signed<\/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\/capital-markets\/\">capital markets<\/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\/data\/\">data<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/donald-trump\/\">Donald Trump<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/employment\/\">employment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/huawei\/\">Huawei<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pandemic\/\">pandemic<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/politics\/\">politics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/social-media\/\">social media<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tiktok\/\">Tiktok<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us\/\">US<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/wechat\/\">WeChat<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/worth-watching\/\">worth watching<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"574231\" 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=\"574231\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/02\/government-discuss-funding-for-waste-to-energy-projects\/\">\r\n                            Government discuss funding for waste-to-energy projects                        <\/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\/09\/02\/government-discuss-funding-for-waste-to-energy-projects\/\" 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\/09\/02\/government-discuss-funding-for-waste-to-energy-projects\/')\">\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\/09\/02\/government-discuss-funding-for-waste-to-energy-projects\/\">\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=Government discuss funding for waste-to-energy projects&url=https:\/\/enterpriseam.com\/egypt\/2020\/09\/02\/government-discuss-funding-for-waste-to-energy-projects\/\">\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\/09\/02\/government-discuss-funding-for-waste-to-energy-projects\/&title=Government discuss funding for waste-to-energy projects\">\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=Government+discuss+funding+for+waste-to-energy+projects+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F09%2F02%2Fgovernment-discuss-funding-for-waste-to-energy-projects%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\/09\/02\/government-discuss-funding-for-waste-to-energy-projects\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-574231\" class=\"content-area-description single-story post-574231 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-diplomacy-foreign-trade tag-electricity tag-energy tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>There\u2019s not a whole lot happening on the diplomatic front this morning<\/strong>, with the major issues of the day remaining Libya, Turkey\u2019s stumbling about in the Eastern Med and stalled talks on the Grand Ethiopian Renaissance Dam.<\/p>\n<p><strong>Egypt looks set to pursue funding for waste-to-energy from development <\/strong><strong>partners:<\/strong> International Cooperation Minister Rania Al Mashat, Environment Minister Yasmine Fouad, and Local Development Minister Mahmoud Shaarawy will form a committee that will be tasked with preparing a pitch to international partners to fund waste-to-energy projects. The pitch is expected to take place in a meeting that Al Mashat will organize in October, <a href=\"https:\/\/bit.ly\/34ZavN0\">according to a cabinet statement.<\/a> The government currently has four WtE projects funded by international partners, including the European Union, Germany, Italy, the World Bank, the European Investment Bank, and the French Development Agency at a total cost of USD 238.2 mn.<\/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\/diplomacy-foreign-trade\/\">Diplomacy + Foreign Trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/electricity\/\">electricity<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/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=\"574235\" 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=\"574235\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/02\/the-market-yesterday-159\/\">\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\/09\/02\/the-market-yesterday-159\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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CIB, the index\u2019s heaviest constituent, ended down 1.1%. EGX30\u2019s top performing constituents were Telecom Egypt up 3%, Credit Agricole up 1.1%, and Orascom Construction up 0.2%. Yesterday\u2019s worst performing stocks were Kima down 4.9%, Porto Group down 4.1% and Qalaa Holding down 4.1%. The market turnover was EGP 1.3 bn, and foreign investors were the sole net sellers.<\/p>\n<p><strong>Foreigners<\/strong>: Net short | EGP -400.3 mn<br \/>\n <strong>Regional<\/strong>: Net long | EGP +415.8 mn<br \/>\n <strong>Domestic<\/strong>: Net long | EGP +984.5 mn<\/p>\n<p><strong>Retail<\/strong>: 45.9% of total trades | 61.0% of buyers | 30.7% of sellers<br \/>\n <strong>Institutions<\/strong>: 54.1% of total trades | 39.0% of buyers | 69.3% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 43.00 (+0.92%)<br \/>\n <strong>Brent:<\/strong> USD 45.79 (+1.13%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 2.52 MMBtu, (-4.30%, October 2020 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,976.60 \/ troy ounce (-0.10%)<\/p>\n<p><strong>TASI:<\/strong> 7,898 (-0.53%) (YTD: -5.85%)<br \/>\n <strong>ADX:<\/strong> 4,525 (+0.13%) (YTD: -10.84%)<br \/>\n <strong>DFM:<\/strong> 2,252 (+0.32%) (YTD: -18.54%)<br \/>\n <strong>KSE Premier Market:<\/strong> 5,889 (+0.59%)<br \/>\n <strong>QE:<\/strong> 9,850 (+0.06%) (YTD: -5.51%)<br \/>\n <strong>MSM:<\/strong> 3,780 (+0.22%) (YTD: -5.05%)<br \/>\n <strong>BB: <\/strong>1,405 (+1.79%) (YTD: -12.70%)<\/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\/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=\"574236\" 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\/09\/02\/574236\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-574236\" class=\"content-area-description single-story post-574236 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>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 travelers to Egypt \u2014 including citizens, long-term residents and tourists \u2014 must show PCR tests.<\/p>\n<p>3 September (Thursday): Details on the establishment of Egypt\u2019s commodity exchange <a href=\"http:\/\/www.msit.gov.eg\/details.html?topicID=742\">to be announced.<\/a><\/p>\n<p>5 September (Saturday): Ahmed Shafik faces <a href=\"https:\/\/bit.ly\/3lwPXla\">retrial<\/a> at Cairo Court of Appeals in so-called Aviation Ministry corruption case.<\/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>5-9 September (Saturday-Wednesday): China International Fair for Trade in Services (<a href=\"https:\/\/conference-agenda.ciftis.org\/agenda\">CIFTIS<\/a>), Beijing National Convention Center, China. Registration can be found <a href=\"https:\/\/login.ciftis.org\/entry\/card\">here<\/a>.<\/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 September (Tuesday) Online Egyptian-Bahraini Businessmen Association meeting <a href=\"https:\/\/www.alborsaanews.com\/2020\/08\/27\/1377531\">to discuss<\/a> mutual trade and investment opportunities.<\/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>Mid-September: Proposed time slot for UAE-Israel normalization agreement signing ceremony which will be held in Washington, US<\/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>24 September (Thursday): The European Union <a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL8N2FU544\">will discuss<\/a> imposing sanctions on Turkey to limit the country\u2019s ability to expand its search for oil and gas in contested eastern Mediterranean waters.<\/p>\n<p>27 September (Sunday): Former Finance Minister Youssef Boutros Ghali to be retried on charges he squandered public funds in a case related to the printing of coupons for butane canisters.<\/p>\n<p>End of September: <a href=\"https:\/\/bit.ly\/2GaTjtH\">Last chance to settle building code violations<\/a> for illegal buildings.<\/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>26-28 January (Tuesday-Thursday): Future Investment Initiative, Riyadh, Saudi Arabia<\/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\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":574207,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-574206","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"5ce580f0-a030-4165-abc6-e29807475aa0","teaser":"","photo_url":"https:\/\/ent.news\/2020\/9\/21.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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