{"id":574288,"date":"2020-09-06T03:51:30","date_gmt":"2020-09-06T03:51:30","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=574288"},"modified":"2025-12-16T09:37:36","modified_gmt":"2025-12-16T09:37:36","slug":"private-sector-recovery-stalled-in-august-pmi","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/private-sector-recovery-stalled-in-august-pmi\/","title":{"rendered":"Private sector recovery stalled in August \u2013PMI"},"content":{"rendered":"<section id=\"574290\" 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=\"574290\">\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\/06\/what-were-tracking-on-sunday-6-september-2020\/\">\r\n                            What we\u2019re tracking on Sunday, 6 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\/06\/what-were-tracking-on-sunday-6-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(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2020\/09\/06\/what-were-tracking-on-sunday-6-september-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\/09\/06\/what-were-tracking-on-sunday-6-september-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 Sunday, 6 September 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/09\/06\/what-were-tracking-on-sunday-6-september-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\/09\/06\/what-were-tracking-on-sunday-6-september-2020\/&title=What we\u2019re tracking on Sunday, 6 September 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+Sunday%2C+6+September+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F09%2F06%2Fwhat-were-tracking-on-sunday-6-september-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\/09\/06\/what-were-tracking-on-sunday-6-september-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-574290\" class=\"content-area-description single-story post-574290 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-capital-markets tag-china tag-cib tag-diplomacy tag-dispute-watch tag-egx tag-enterpriseam tag-europe tag-india tag-libya tag-logistics tag-manufacturing tag-politics tag-qubix tag-supply-chain tag-taiwan tag-us 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, friends, and welcome to the first full week of September<\/strong>, where the big question is suddenly: Is market sentiment turning negative after US stocks slumped on Thursday, setting off a wave of selling that swept developed markets from the US to Europe and Asia on Friday?<\/p><p><strong>The US selloff on Thursday was led by the same tech stocks that led the \u2018post-covid\u2019 <\/strong><strong>rally<\/strong>, the <a href=\"https:\/\/www.wsj.com\/articles\/global-stock-markets-dow-update-9-03-2020-11599125940\">Wall Street Journal<\/a> reports. The tech-heavy Nasdaq dropped nearly 5% while the S&amp;P 500 lost 3.5%. Apple was the biggest loser of the session, seeing its market cap fall by USD 180 bn \u2014 the biggest single-day loss for a US-listed company ever. Another wave of selling on Friday saw the Nasdaq close down 3.3% for the week \u2014 its worst single-week performance since March, the <a href=\"https:\/\/www.ft.com\/content\/bd5804ef-94d0-45b4-9c2b-8fb7996ec5f6\">Financial Times<\/a> notes. European shares closed the day down 1.1% on Friday, <a href=\"https:\/\/www.cnbc.com\/2020\/09\/04\/europe-markets-wall-street-tech-tumble-roils-global-stocks.html\">CNBC<\/a> says.<\/p><p><strong>Finger on the scale? SoftBank has played a huge role in the pandemic-defying equity <\/strong><strong>rally:<\/strong> Masayoshi Son\u2019s SoftBank has ploughed bns of USD into US equity derivatives, fuelling the boom in tech stocks over the past few months, <a href=\"https:\/\/www.ft.com\/content\/75587aa6-1f1f-4e9d-b334-3ff866753fa2\">the Financial Times<\/a> reports. One US hedge fund manager described the trades as \u201csome of the biggest I\u2019ve seen in 20 years of doing this \u2026 the flow is huge.\u201d<\/p><p><strong>No dotcom meltdown 2.0?<\/strong> \u201cWe continue to think that tech stocks will fare less well than most other sectors as the economic recovery continues, we don\u2019t expect that a collapse in tech stocks will drag the entire market down for an extended period in the way that it did in 2000-02,\u201d said Capital Economics\u2019 Jonas Goltermann.<\/p><p><strong>The open question: What does the selloff mean for the many tech IPOs now in the <\/strong><strong>hopper<\/strong>, including Asana, Palantir, Snowflake, Ant Financial and (quite likely) Airbnb?<\/p><p><strong>We\u2019ll see today how the EGX responds <\/strong>and European shares will follow suit tomorrow, but we\u2019ll have to wait until Tuesday to see what\u2019s in story for US equities: <a href=\"https:\/\/www.nyse.com\/markets\/hours-calendars\">The NYSE and Nasdaq are both closed tomorrow<\/a> in observance of the US Labor Day holiday. Futures point to a dip at the opening bell.<\/p><p><strong>US benchmark crude futures also tumbled on Friday,<\/strong> dropping almost 4% to see oil post its worst week since June and close below USD 40 \/ bbl for the first time in a month, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-09-03\/oil-extends-biggest-weekly-drop-since-june-as-demand-woes-return?srnd=premium-middle-east&amp;sref=mmeFTDW1\">Bloomberg<\/a> reports. Saudi oil giant Aramco <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-09-05\/saudis-reduce-oil-pricing-in-sign-demand-recovery-is-struggling?sref=mmeFTDW1\">has cut prices of October shipments to Asia and the US<\/a>, indicating that the world\u2019s biggest producer is expecting demand to fall back in the coming weeks.<\/p><hr class=\"grey-line\"><p><a id=\"tldr-story-03\" class=\"content-anchor\"><\/a> <strong>SAT and SAT Subject Tests have been canceled indefinitely in Egypt due to<\/strong> <strong>\u201cpersistent test security incidents,\u201d<\/strong> <a href=\"https:\/\/www.collegeboard.org\/\">nonprofit organization College Board<\/a> \u2014 which develops and administers the SATs \u2014 <a href=\"https:\/\/ent.news\/2020\/9\/SAT-cancellations.jpg\">announced in a recent email<\/a>. The exams will be canceled immediately through June 2021 at least, covering the remainder of the 2020-21 academic year. The decision follows <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/996ae351-6ff0-4c68-9a0f-0d56828e6efb\">repeated breaches<\/a> despite additional security measures, leading to numerous cancellations of SAT tests and results, College Board said. The SATs are required examinations for students applying for undergraduate university admission and scholarships, particularly in the US.<\/p><p><em><span style=\"font-weight: 400;\">CORRECTION- September 8, 2020<\/span><\/em><\/p><p><em><span style=\"font-weight: 400;\">An earlier version of this story incorrectly said that the announcement about SAT cancellations came from nonprofit organization ETS.\u00a0<\/span><\/em><\/p><p><strong>Education Minister Tarek Shawky confirmed the news<\/strong> during an interview with Ala Mas\u2019ouleety\u2019s Ahmed Moussa last night, during which he revealed that the exams were cancelled after the questions were leaked <a href=\"https:\/\/www.youtube.com\/watch?v=aKpnno37Fss\">(watch, runtime: 25:22)<\/a>. The ministry has approved the ACT test for American diploma students, which can be taken instead of the SAT, he said, adding that the ACT is an electronic test which reduces the chances of it being leaked online <a href=\"https:\/\/www.youtube.com\/watch?v=aKpnno37Fss\">(watch, runtime: 25:22)<\/a>.<\/p><p><strong>Another blow to 2020 high school graduates: <\/strong>How will this impact the 2020 cohort of university applicants remains to be seen. 2020 IGCSE applicants have already seen exam cancellations followed by an international tussle over grading, with the value of their grades called into question, <a href=\"https:\/\/enterprise.press\/blackboards\/igcse-controversy-hits-egypt-sparking-anger-among-parents\/\">we reported last week<\/a>. Students, along with parents and teachers, have expressed concern that these grades might jeopardize their university prospects.<\/p><p><strong>Education will be a hot button issue this week as we should hear on Tuesday what the <\/strong><strong>coming school year will look like <\/strong>for private national and public K-12 schools, Shawky said in <a href=\"https:\/\/web.facebook.com\/tshawki\/posts\/10224592467303808?_rdc=1&amp;_rdr\">a statement<\/a> last week. The announcement is expected to cover safety requirements, how tuition will be handled, private tutoring, and use of online platforms.<\/p><hr class=\"grey-line\"><p><strong>We\u2019re heading back to the polls this week:<\/strong> The remaining seats in the newly-constituted Senate will be decided in run-off elections taking place on 8-9 September. The first-round of voting last month saw <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/caacfa43-9823-42c2-b386-17e9406becd2\">174 representatives elected<\/a> to the 300-seat upper chamber. The presidency will appoint 100 of the remaining seats, leaving 26 to be decided by this week\u2019s runoff.<\/p><p><strong>Other key news triggers coming up this month:<\/strong><\/p><ul>\n<li><strong>Foreign reserves figures<\/strong> should out today or tomorrow;<\/li>\n<li><strong>Inflation data for August<\/strong> will be out on or around Thursday, 10 September;<\/li>\n<li><strong>Interest rate day falls on Thursday, 24 September<\/strong> when the central bank meets to discuss policy rates.<\/li>\n<\/ul><p><strong>F<\/strong><strong>lights to Cairo from Russia will resume \u201csoon<\/strong><strong>\u201d <\/strong>after Russian Prime Minister Mikhail Mishustin signed agreements with Egypt to bring air travel back from the pandemic pause, Russian news outlet <a href=\"https:\/\/bit.ly\/2F89YNT\">Sputnik\u2019s Arabic service<\/a> reported. Three direct weekly Russian flights should be added to Cairo Airport\u2019s inbound schedule. Tourist flights between Cairo and Moscow resumed <a href=\"https:\/\/enterprise.press\/stories\/2018\/04\/12\/russians-finally-return-after-egypt-sees-23-y-o-y-surge-in-tourist-arrivals-in-1q2018\/\">in April 2018<\/a> following a halt of over two years following the 2015 Metrojet crash. Charter flights to Red Sea destinations are yet to make a comeback.<\/p><p><strong>Conferences taking place this month:<\/strong><\/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 <\/strong><strong><a href=\"https:\/\/bit.ly\/3kOkVVq\">a virtual meeting<\/a><\/strong><strong> with the <\/strong><strong><a href=\"https:\/\/aegypten.ahk.de\/en\/\">Arab-German Chamber of Commerce and Industry<\/a><\/strong> and some 120 German companies to discuss investment prospects in Egypt sometime this month.<\/li>\n<\/ul><p><strong>PSA- The capital city is going to see warm weather continue through Tuesday<\/strong>, with daytime highs of 36-37\u00b0C and overnight lows around 25\u00b0C, according to the <a href=\"https:\/\/en.emaeg.org\/weather-conditions\">Egyptian<\/a><a href=\"https:\/\/en.emaeg.org\/weather-conditions\">Meteorological Authority<\/a> reports. South and central Sinai will also likely continue to see sporadic heavy showers.<\/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\/9\/SOMA-ENTERPRISE-AUG2-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p><hr class=\"grey-line\"><p><strong>The Health Ministry <\/strong><strong><a href=\"https:\/\/bit.ly\/2Dw0fk6\">reported<\/a><\/strong><strong> 130 new covid-19 infections yesterday<\/strong>, down from 157 the day before. Egypt has now disclosed a total of 99,712 confirmed cases of covid-19. The ministry also reported 16 new deaths, bringing the country\u2019s total death toll to 5,511. We now have a total of 77,208 confirmed cases that have fully recovered.<\/p><p><strong>The recent spike is not necessarily a sign of a second wave:<\/strong> The week of 22-28 August saw a spike in cases, with 1,137 new cases reported, compared to the 844 cases reported the previous week. While this did not necessarily signal the start of a second wave, it serves as a reminder that citizens must remain vigilant, Health Minister Hala Zayed said.<\/p><p><strong>Quarantine centers are now 84% empty, 84% of ventilators lie idle, but intensive<\/strong> <strong>care units for covid-19 are operating at 48% capacity<\/strong>, Zayed said in a <a href=\"https:\/\/bit.ly\/321Mm6L\">covid-19 update<\/a> during a cabinet meeting on Thursday. Data gathered on 8,203 patients confirmed that the virus impacted the respiratory system more than the digestive system. The sample also showed that those aged 60-69 were most likely to die from the disease, while only 1% of infected children under 10 ended in a fatality.<\/p><p><strong>Uber has seen demand for ride-hailing reach 65% of its pre-covid level<\/strong>, Egypt general manager Ahmed Khalil said in an interview with <a href=\"https:\/\/bit.ly\/2DxocYm\">Masrawy<\/a>. He said he didn\u2019t expect any further recovery in the short term and that the company is assessing the services it will provide in the coming period before making any decisions about raising prices.<\/p><p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/Sputnik-V-Vaccine-Photos-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/p><p><strong>Initial trials of Russia\u2019s Sputnik-V covid-19 vaccine show a \u201cstrong immune<\/strong> <strong>response,\u201d<\/strong> with all of the 76 participants developing antibodies while showing no negative side effects, according to results published on Friday in the medical journal <a href=\"https:\/\/www.thelancet.com\/journals\/lancet\/article\/PIIS0140-6736(20)31866-3\/fulltext\">the Lancet<\/a>. Phase 3 trials are still needed to ensure there aren\u2019t any long-term safety concerns and issues with the effectiveness of the vaccine over time. Some 3k people have been recruited for the large-scale testing phase with the initial results expected to be published in October or November this year. Russia became the first country in the world to approve a vaccine against covid-19 for civilian use on <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e3502a12-5c3a-4f94-8c07-fe5c61467850\">11 August<\/a>, without finishing phase 3 trials.<\/p><p><strong>Egypt has been in talks to <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/caacfa43-9823-42c2-b386-17e9406becd2\">locally manufacture<\/a><\/strong><strong> the Russian vaccine<\/strong> while our homegrown vaccine is currently in a third phase of testing. <a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-russia-vaccine\/russias-covid-19-vaccine-showed-antibody-response-in-initial-trials-idUSKBN25V1I2?il=0\">Reuters<\/a>, the <a href=\"https:\/\/www.nytimes.com\/2020\/09\/04\/health\/russia-covid-vaccine.html\">New York Times<\/a> and <a href=\"https:\/\/www.ft.com\/content\/a35452c1-830a-44c9-851a-5d867fbbc530\">the Financial Times<\/a> also have the story.<\/p><p><strong>Meanwhile, the World Health Organization (WHO) is looking to allocate 20% of the supply<\/strong> <strong>of any initial covid vaccine to Africa. <\/strong>The WHO is gunning for 230 mn doses of a covid-19 vaccine to be allocated to Africa\u2019s frontline health workers and most vulnerable through COVAX, a global initiative working to distribute 2 bn doses by the end of 2021, <a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL8N2G026T\">Reuters<\/a> reports.<\/p><hr class=\"grey-line\"><p><strong>US ELECTION WATCH- <\/strong><strong>Donald Trump faces an <\/strong><strong><a href=\"https:\/\/www.npr.org\/2020\/09\/04\/909599762\/trump-faces-fallout-from-report-he-calls-military-losers-and-suckers\">angry backlash across the pond<\/a><\/strong> after an exclusive from The Atlantic \u2014 the headline says it all: <a href=\"https:\/\/www.theatlantic.com\/politics\/archive\/2020\/09\/trump-americans-who-died-at-war-are-losers-and-suckers\/615997\/\">Trump: Americans who died in war are \u2018losers\u2019 and \u2018suckers\u2019.<\/a> The Trump camp has denied the story. Meanwhile, Democratic challenger Joe Biden has added former rival Pete Buttigieg and former Obama administration officials to his transition team, <a href=\"https:\/\/www.reuters.com\/article\/us-usa-election-transition\/democrat-biden-adds-former-rival-buttigieg-ex-obama-officials-to-transition-team-idUSKBN25W0VJ\">Reuters<\/a> reports.<\/p><p><strong>Dubai\u2019s USD 2 bn sukuk issuance last week was 5x oversubscribed<\/strong>, <a href=\"https:\/\/www.wam.ae\/en\/details\/1395302867168\">the UAE\u2019s WAM news<\/a> <a href=\"https:\/\/www.wam.ae\/en\/details\/1395302867168\">Agency<\/a> reports. The move follows a number of regional debt offerings that have garnered demand from yield-hungry international investors, including <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-08-25\/abu-dhabi-returns-to-dollar-bond-market-with-multi-tranche-deal?sref=mmeFTDW1\">Abu Dhabi\u2019s USD 5 bn issuance last mont<\/a>h, and Egypt\u2019s <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/000a6b27-901e-41be-895f-cf6ab6ee623f\">USD 2 bn financing package<\/a> that was 1.75x oversubscribed. Look for more Egypt covid debt-related news in the Speed Round below.<\/p><p><strong>The agreement between Israel and the United Arab Emirates to normalize ties could be<\/strong> <strong>given legal \u201cpeace treaty\u201d status, <\/strong>akin to the Camp David agreement between Israel and Egypt, the <a href=\"https:\/\/www.timesofisrael.com\/israel-uae-normalization-to-be-given-peace-treaty-status-report\/\">Times of Israel<\/a> reports, citing a report by Israeli news site Walla, which notes that the UAE has agreed to the request. <strong>The two countries are set to sign a detailed agreement in a White House ceremony<\/strong> in the coming weeks.<\/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\/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\/cib\/\">CIB<\/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\/dispute-watch\/\">dispute watch<\/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\/europe\/\">Europe<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/india\/\">India<\/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\/logistics\/\">logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/politics\/\">politics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/qubix\/\">Qubix<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/supply-chain\/\">supply chain<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/taiwan\/\">Taiwan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us\/\">US<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"574291\" 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-ipvwer2\" data-v=\"4\" data-block-id=\"ipvwer2\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-ipvwer2-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-ipvwer2-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-1xp2il8\" data-v=\"4\" data-block-id=\"1xp2il8\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-1xp2il8-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-1xp2il8-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-vj6jq7l\" data-v=\"4\" data-block-id=\"vj6jq7l\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-vj6jq7l-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-vj6jq7l-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-y2rjsdm\" data-v=\"4\" data-block-id=\"y2rjsdm\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-y2rjsdm-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-y2rjsdm-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=\"574292\" 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=\"574292\">\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\/09\/06\/sfe-cancelled-sat-exams-top-stories-on-talk-shows-as-amr-adib-returns-to-air\/\">\r\n                            SFE, cancelled SAT exams top stories on talk shows as Amr Adib returns to air                        <\/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\/06\/sfe-cancelled-sat-exams-top-stories-on-talk-shows-as-amr-adib-returns-to-air\/\" 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\/06\/sfe-cancelled-sat-exams-top-stories-on-talk-shows-as-amr-adib-returns-to-air\/')\">\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\/06\/sfe-cancelled-sat-exams-top-stories-on-talk-shows-as-amr-adib-returns-to-air\/\">\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=SFE, cancelled SAT exams top stories on talk shows as Amr Adib returns to air&url=https:\/\/enterpriseam.com\/egypt\/2020\/09\/06\/sfe-cancelled-sat-exams-top-stories-on-talk-shows-as-amr-adib-returns-to-air\/\">\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\/06\/sfe-cancelled-sat-exams-top-stories-on-talk-shows-as-amr-adib-returns-to-air\/&title=SFE, cancelled SAT exams top stories on talk shows as Amr Adib returns to air\">\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=SFE%2C+cancelled+SAT+exams+top+stories+on+talk+shows+as+Amr+Adib+returns+to+air+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F09%2F06%2Fsfe-cancelled-sat-exams-top-stories-on-talk-shows-as-amr-adib-returns-to-air%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\/06\/sfe-cancelled-sat-exams-top-stories-on-talk-shows-as-amr-adib-returns-to-air\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-574292\" class=\"content-area-description single-story post-574292 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-education-ministry tag-enterprise-last-nights-talk-shows tag-enterpriseam tag-gerd tag-salah-diab tag-sovereign-fund-of-egypt tag-tax wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>SATs exams, SFE in the spotlight on the airwaves last night:<\/strong> Head of the Sovereign Fund of Egypt Ayman Soliman dropped into El Hekaya while Education Minister Tarek Shawky discussed the cancellation of the SATs exams with Ala Mas\u2019ouleety\u2019s Ahmed Moussa. We have the details in this morning\u2019s Speed Round and What We\u2019re Tracking Today.<\/p>\n<p><strong>Salah Diab arrest update: <\/strong>Moussa also gave an update on the arrest of Pico Group and Masry Al Youm founder Salah Diab, who faces charges of illegal appropriation of state land. Moussa noted that Diab\u2019s detention has been extended for another 15 days and that he faces tax evasion charges to the tune of EGP 11.1 bn, the largest figure ever recorded (<a href=\"https:\/\/www.youtube.com\/watch?v=rJSbeXtLndU\">watch, runtime: 9:33<\/a>).<\/p>\n<p><strong>How Sudan\u2019s flooding benefits Egypt:<\/strong> El Hekaya\u2019s Amr Adib also spoke with Irrigation Ministry spokesperson Mohamed El Sibai, who said that water management at the Aswan High Dam could allow Egypt to benefit from floods in Sudan that raise water levels in Lake Nasser. He also touched on the last round of Grand Ethiopian Renaissance Dam talks, lamenting the lack of progress on the same sticking points of the dam\u2019s filling and operation schedule <a href=\"https:\/\/www.youtube.com\/watch?v=3hPcDFJbAro\">(watch, runtime: 2:35)<\/a>, <a href=\"https:\/\/www.youtube.com\/watch?v=bd5gIq2boyo\">(watch, runtime: 1:08)<\/a>, <a href=\"https:\/\/www.youtube.com\/watch?v=CKluizxjFp0\">(watch, runtime: 1:25)<\/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\/education-ministry\/\">Education Ministry<\/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\/gerd\/\">GERD<\/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                            <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\/tax\/\">tax<\/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=\"574293\" 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=\"574293\">\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\/06\/private-sector-recovery-stalls-in-august\/\">\r\n                            Private sector recovery stalls in August                        <\/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\/06\/private-sector-recovery-stalls-in-august\/\" 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\/06\/private-sector-recovery-stalls-in-august\/')\">\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\/06\/private-sector-recovery-stalls-in-august\/\">\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=Private sector recovery stalls in August&url=https:\/\/enterpriseam.com\/egypt\/2020\/09\/06\/private-sector-recovery-stalls-in-august\/\">\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\/06\/private-sector-recovery-stalls-in-august\/&title=Private sector recovery stalls in August\">\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=Private+sector+recovery+stalls+in+August+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F09%2F06%2Fprivate-sector-recovery-stalls-in-august%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\/06\/private-sector-recovery-stalls-in-august\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/66.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"574294\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/06\/private-sector-recovery-stalls-in-august\/66-jpg-10\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/66.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"66.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/66.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/66.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-574293\" class=\"content-area-description single-story post-574293 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round tag-enterpriseam tag-non-oil-business-activity tag-pmi tag-speed-round 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>The <\/strong><strong>recovery of Egypt\u2019s non-oil private sector <\/strong><strong>stalled in August<\/strong> despite growth in output and demand, according to <a href=\"https:\/\/www.markiteconomics.com\/Public\/Home\/PressRelease\/2d0b277054cb4f99ad12246c3b07d746\">IHS Markit PMI figures<\/a><a href=\"https:\/\/www.markiteconomics.com\/Public\/Home\/PressRelease\/2d0b277054cb4f99ad12246c3b07d746\">(pdf)<\/a>. The index had reached <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/aaa2b485-2ac7-44a7-a97c-5b3247eafeb0\">a one-year high of 49.6 in July<\/a> as business conditions rebounded following the covid-19 lockdown but fell back fractionally to 49.4 last month amid continued job losses, IHS Markit said. A reading above 50.0 indicates expansion and below, contraction.<\/p>\n<p><strong>Output, demand rise for the second month running:<\/strong> Output and new orders rose for the second consecutive month in August, albeit at a slightly weaker rate than July. Some businesses told the survey that demand has yet to return to pre-covid levels and that sales continue to underperform. \u201cThis suggests that many firms are still finding business conditions though, despite the relaxation of many covid-19 related restrictions,\u201d said David Owen, economist at IHS Markit.<\/p>\n<p><strong>But tourism was a bright spot:<\/strong> Tourism and hospitality also seem to have picked up more steam in August, with foreign customer demand rising at its quickest pace in nearly three years, in part due to the reopening of tourist sites which increased visitor numbers to Egypt.<\/p>\n<p><strong>Employment drops for 10th consecutive month:<\/strong> August saw a \u201csolid\u201d drop in employment as companies cut jobs due to low workloads, dragging the headline index down. This was the 10th straight month of job losses. \u201cConsumer demand remains weak, with new business picking up at only tentative rates in both July and August. As a result, employment levels were not sustained,\u201d said Owen.<\/p>\n<p><strong>Output prices rose for the first time in 10 months<\/strong>, as input costs continued to rise. Higher price tags for medical equipment and disinfectants were drivers of the overall rise in input prices. Despite this, inflation slowed slightly from July but remained \u201csolid.\u201d Wage costs grew at their quickest rate in six month, but only \u201cmildly.\u201d<\/p>\n<p><strong>The amount of outstanding work increased for the fourth successive month,<\/strong> driven by job cuts, import delays and liquidity problems at some companies.<\/p>\n<p><strong>Sentiment takes a hit:<\/strong> Sentiment on output over the coming 12 month was down \u201cconsiderably\u201d from July\u2019s 29-month high, hitting its lowest level since May. This caused firms to further reduce purchases, Owen said. A higher proportion of companies, however, still see things improving, hoping that the worst of the pandemic is now over.<\/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\/non-oil-business-activity\/\">non-oil business activity<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pmi\/\">PMI<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"574311\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"574312\" 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=\"574312\">\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\/09\/06\/egypt-in-the-news-on-6-september-2020\/\">\r\n                            Egypt in the News on 6 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\/06\/egypt-in-the-news-on-6-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(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2020\/09\/06\/egypt-in-the-news-on-6-september-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\/09\/06\/egypt-in-the-news-on-6-september-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 6 September 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/09\/06\/egypt-in-the-news-on-6-september-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\/09\/06\/egypt-in-the-news-on-6-september-2020\/&title=Egypt in the News on 6 September 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+6+September+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F09%2F06%2Fegypt-in-the-news-on-6-september-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\/09\/06\/egypt-in-the-news-on-6-september-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-574312\" class=\"content-area-description single-story post-574312 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-covid-19 tag-egypt-in-the-news tag-enterpriseam tag-fairmont-incident tag-journalism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Rights issues continue to dominate the conversation on Egypt in the international press <\/strong><strong>this morning<\/strong>, led by a <a href=\"https:\/\/www.wsj.com\/articles\/womens-rights-activists-face-fresh-threat-in-egypt-after-arrests-11599156673\">Wall Street Journal<\/a> piece that covers the Fairmont [redacted] assault incident. and a <a href=\"https:\/\/www.reuters.com\/article\/us-egypt-women-internet\/egypts-metoo-crusader-fights-sex-crimes-via-instagram-idUSKBN25U2B8\">Reuters<\/a> piece on the #MeToo movement in Egypt. Meanwhile, the <a href=\"https:\/\/cpj.org\/2020\/09\/egypt-detains-2-journalists-including-1-with-covid-19-who-was-quarantined-now-hospitalized\/\">Committee to Protect Journalists<\/a> is calling for the release of Youm7 editors Hany Greisha and El-Sayed Shehta.<\/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\/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\/fairmont-incident\/\">Fairmont Incident<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/journalism\/\">journalism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"574313\" 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=\"574313\">\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\/09\/06\/top-eu-diplomat-visits-egypt-discusses-everything-from-eastmed-to-libya-to-water-politics\/\">\r\n                            Top EU diplomat visits Egypt, discusses everything from EastMed to Libya to water politics                        <\/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\/06\/top-eu-diplomat-visits-egypt-discusses-everything-from-eastmed-to-libya-to-water-politics\/\" 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\/06\/top-eu-diplomat-visits-egypt-discusses-everything-from-eastmed-to-libya-to-water-politics\/')\">\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\/06\/top-eu-diplomat-visits-egypt-discusses-everything-from-eastmed-to-libya-to-water-politics\/\">\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=Top EU diplomat visits Egypt, discusses everything from EastMed to Libya to water politics&url=https:\/\/enterpriseam.com\/egypt\/2020\/09\/06\/top-eu-diplomat-visits-egypt-discusses-everything-from-eastmed-to-libya-to-water-politics\/\">\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\/06\/top-eu-diplomat-visits-egypt-discusses-everything-from-eastmed-to-libya-to-water-politics\/&title=Top EU diplomat visits Egypt, discusses everything from EastMed to Libya to water politics\">\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=Top+EU+diplomat+visits+Egypt%2C+discusses+everything+from+EastMed+to+Libya+to+water+politics+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F09%2F06%2Ftop-eu-diplomat-visits-egypt-discusses-everything-from-eastmed-to-libya-to-water-politics%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\/06\/top-eu-diplomat-visits-egypt-discusses-everything-from-eastmed-to-libya-to-water-politics\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-574313\" class=\"content-area-description single-story post-574313 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-abdel-fattah-el-sisi tag-diplomacy tag-diplomacy-foreign-trade tag-eastern-mediterranean tag-enterpriseam tag-eu tag-libya tag-palestine tag-sameh-shoukry wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Topping diplomatic coverage this morning:<\/strong> President Abdel Fattah El Sisi welcomed the EU\u2019s top diplomat to Cairo and Foreign Minister Sameh Shoukry held talks with his UAE, Bahrain counterparts.<\/p>\n<p><strong>Top EU diplomat visits Egypt, discusses everything from EastMed to Libya to water <\/strong><strong>politics: <\/strong>The political settlement in Libya and de-escalating tensions in the eastern Mediterranean were the two main topics President Abdel Fattah El Sisi discussed in a meeting with Josep Borrell, the high representative of the European Union for foreign affairs, who was in Cairo over the weekend. They also discussed a political settlement in Libya and the Grand Ethiopian Renaissance Dam dispute, <a href=\"https:\/\/bit.ly\/332MT7I\">Ittihadiya<\/a> said in a statement.<\/p>\n<p><strong>EastMed also on the agenda in Egypt-UAE meeting: <\/strong>Shoukry discussed the escalating tensions in the eastern Mediterranean with Emirati FM Sheikh Abdullah bin Zayed Al Nayhan on Friday, <a href=\"https:\/\/www.wam.ae\/en\/details\/1395302867540\">UAE state news agency WAM<\/a> reported.<\/p>\n<p><strong>Shoukry also discussed the situations in Libya and Palestine with his Bahraini <\/strong><strong>counterpart<\/strong> in Cairo yesterday, the Foreign Ministry said in <a href=\"https:\/\/www.facebook.com\/MFAEgyptEnglish\/posts\/2795463257447912?__tn__=K-R\">a statement<\/a>. <\/p>\n<p><strong>Medical diplomacy: <\/strong>Egypt has sent a \u201clarge quantity\u201d of medical supplies and sanitizing products to Iraq, to help the country in its battle with the pandemic, an Armed Forces <a href=\"https:\/\/bit.ly\/2Z8i9ks\">statement<\/a> said on Saturday. Egypt is also sending USD 4 mn of medical aid to some 30 African countries to help with their battle against covid-19, a Foreign Ministry <a href=\"https:\/\/bit.ly\/3i76Q3M\">statement<\/a> said, without providing additional details.<\/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\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy-foreign-trade\/\">Diplomacy + Foreign Trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/eastern-mediterranean\/\">Eastern Mediterranean<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/eu\/\">EU<\/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\/palestine\/\">Palestine<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sameh-shoukry\/\">Sameh Shoukry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"574314\" 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=\"574314\">\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\">Real Estate + Housing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/06\/city-edge-seeks-egp-1-2-bn-loan-to-develop-etapa-square\/\">\r\n                            City Edge seeks EGP 1.2 bn loan to develop Etapa Square                        <\/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\/06\/city-edge-seeks-egp-1-2-bn-loan-to-develop-etapa-square\/\" 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\/06\/city-edge-seeks-egp-1-2-bn-loan-to-develop-etapa-square\/')\">\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\/06\/city-edge-seeks-egp-1-2-bn-loan-to-develop-etapa-square\/\">\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=City Edge seeks EGP 1.2 bn loan to develop Etapa Square&url=https:\/\/enterpriseam.com\/egypt\/2020\/09\/06\/city-edge-seeks-egp-1-2-bn-loan-to-develop-etapa-square\/\">\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\/06\/city-edge-seeks-egp-1-2-bn-loan-to-develop-etapa-square\/&title=City Edge seeks EGP 1.2 bn loan to develop Etapa Square\">\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=City+Edge+seeks+EGP+1.2+bn+loan+to+develop+Etapa+Square+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F09%2F06%2Fcity-edge-seeks-egp-1-2-bn-loan-to-develop-etapa-square%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\/06\/city-edge-seeks-egp-1-2-bn-loan-to-develop-etapa-square\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-574314\" class=\"content-area-description single-story post-574314 post type-post status-publish format-standard hentry category-real-estate-housing tag-banque-misr tag-city-edge tag-enterpriseam tag-national-bank-of-egypt tag-real-estate-housing wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>City Edge Developments is looking to borrow a combined EGP 1.2 bn from the National Bank of Egypt and Banque Misr to develop its Etapa Square project in Sheikh Zayed, which is expected to cost EGP 4 bn in total, CEO Mohamed Makkawy told <a href=\"https:\/\/bit.ly\/3bwtKil\">Al Shorouk<\/a>, without providing additional details.<\/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\/banque-misr\/\">Banque Misr<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/city-edge\/\">City edge<\/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\/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=\"574315\" 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=\"574315\">\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\">Tourism<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/06\/hilton-to-open-in-ain-sokhna-in-2024\/\">\r\n                            Hilton to open in Ain Sokhna in 2024                        <\/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\/06\/hilton-to-open-in-ain-sokhna-in-2024\/\" 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\/06\/hilton-to-open-in-ain-sokhna-in-2024\/')\">\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\/06\/hilton-to-open-in-ain-sokhna-in-2024\/\">\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=Hilton to open in Ain Sokhna in 2024&url=https:\/\/enterpriseam.com\/egypt\/2020\/09\/06\/hilton-to-open-in-ain-sokhna-in-2024\/\">\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\/06\/hilton-to-open-in-ain-sokhna-in-2024\/&title=Hilton to open in Ain Sokhna in 2024\">\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=Hilton+to+open+in+Ain+Sokhna+in+2024+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F09%2F06%2Fhilton-to-open-in-ain-sokhna-in-2024%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\/06\/hilton-to-open-in-ain-sokhna-in-2024\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-574315\" class=\"content-area-description single-story post-574315 post type-post status-publish format-standard hentry category-tourism tag-enterpriseam tag-hospitality tag-real-estate tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Misr Italia Properties will deliver the first phase of the EGP 2.4 bn Kai Sokhna real estate project this November, which will house the first Hilton hotel in Ain Sokhna, according to a Hilton <a href=\"https:\/\/ent.news\/2020\/9\/MIP_-Kai-Sokhna-and-Hilton-Ain-Al-Sokhna-Visit-Announcement_EN_SM1_DC.pdf\">press release (pdf)<\/a>. The 200-room Hilton Ain Sokhna hotel is set to open in 2024.<\/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\/hospitality\/\">hospitality<\/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\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"574316\" 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=\"574316\">\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\">Egypt Politics + Economics<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/06\/mohamed-el-sayed-removed-from-state-council-following-corruption-allegations\/\">\r\n                            Mohamed El Sayed removed from State Council following corruption allegations                        <\/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\/06\/mohamed-el-sayed-removed-from-state-council-following-corruption-allegations\/\" 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\/06\/mohamed-el-sayed-removed-from-state-council-following-corruption-allegations\/')\">\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\/06\/mohamed-el-sayed-removed-from-state-council-following-corruption-allegations\/\">\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=Mohamed El Sayed removed from State Council following corruption allegations&url=https:\/\/enterpriseam.com\/egypt\/2020\/09\/06\/mohamed-el-sayed-removed-from-state-council-following-corruption-allegations\/\">\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\/06\/mohamed-el-sayed-removed-from-state-council-following-corruption-allegations\/&title=Mohamed El Sayed removed from State Council following corruption allegations\">\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=Mohamed+El+Sayed+removed+from+State+Council+following+corruption+allegations+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F09%2F06%2Fmohamed-el-sayed-removed-from-state-council-following-corruption-allegations%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\/06\/mohamed-el-sayed-removed-from-state-council-following-corruption-allegations\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-574316\" class=\"content-area-description single-story post-574316 post type-post status-publish format-standard hentry category-egypt-politics-economics tag-abdel-fatah-el-sisi tag-corruption tag-council-of-state tag-egypt-politics-economics tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>State Council (Maglis Al Dawla) member Mr. Justice Mohamed El Sayed has been removed from his post by President Abdel Fatah El Sisi following a disciplinary hearing in June that looking into allegations of corruption, <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/2028114\">Al Masry Al Youm<\/a> reports.<\/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\/abdel-fatah-el-sisi\/\">Abdel Fatah El-Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/corruption\/\">Corruption<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/council-of-state\/\">Council of State<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-politics-economics\/\">Egypt Politics + Economics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"574317\" 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=\"574317\">\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\">Sports<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/06\/egypt-to-face-sweden-czech-republic-in-2021-world-handball-championship-group-stage\/\">\r\n                            Egypt to face Sweden, Czech Republic in 2021 World Handball Championship group stage                        <\/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\/06\/egypt-to-face-sweden-czech-republic-in-2021-world-handball-championship-group-stage\/\" 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\/06\/egypt-to-face-sweden-czech-republic-in-2021-world-handball-championship-group-stage\/')\">\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\/06\/egypt-to-face-sweden-czech-republic-in-2021-world-handball-championship-group-stage\/\">\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 to face Sweden, Czech Republic in 2021 World Handball Championship group stage&url=https:\/\/enterpriseam.com\/egypt\/2020\/09\/06\/egypt-to-face-sweden-czech-republic-in-2021-world-handball-championship-group-stage\/\">\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\/06\/egypt-to-face-sweden-czech-republic-in-2021-world-handball-championship-group-stage\/&title=Egypt to face Sweden, Czech Republic in 2021 World Handball Championship group stage\">\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+to+face+Sweden%2C+Czech+Republic+in+2021+World+Handball+Championship+group+stage+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F09%2F06%2Fegypt-to-face-sweden-czech-republic-in-2021-world-handball-championship-group-stage%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\/06\/egypt-to-face-sweden-czech-republic-in-2021-world-handball-championship-group-stage\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-574317\" class=\"content-area-description single-story post-574317 post type-post status-publish format-standard hentry category-_newspack_sports tag-czech-republic tag-enterpriseam tag-sports tag-sweden tag-world-handball-championship-2021 wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Egypt will face Sweden, the Czech Republic and an as-yet undetermined team from South and Central America in the group stage of the 2021 World Handball Championships, <a href=\"https:\/\/bit.ly\/32ZOAmt\">Masrawy<\/a> reports. Egypt will host the tournament, which runs 13-31 January.<\/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\/czech-republic\/\">Czech Republic<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sports\/\">sports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sweden\/\">Sweden<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-handball-championship-2021\/\">World handball championship 2021<\/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=\"574318\" 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=\"574318\">\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\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/06\/efa-investigates-missing-african-cup-of-nations-trophies\/\">\r\n                            EFA investigates missing African Cup of Nations trophies                        <\/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\/06\/efa-investigates-missing-african-cup-of-nations-trophies\/\" 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\/06\/efa-investigates-missing-african-cup-of-nations-trophies\/')\">\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\/06\/efa-investigates-missing-african-cup-of-nations-trophies\/\">\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=EFA investigates missing African Cup of Nations trophies&url=https:\/\/enterpriseam.com\/egypt\/2020\/09\/06\/efa-investigates-missing-african-cup-of-nations-trophies\/\">\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\/06\/efa-investigates-missing-african-cup-of-nations-trophies\/&title=EFA investigates missing African Cup of Nations trophies\">\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=EFA+investigates+missing+African+Cup+of+Nations+trophies+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F09%2F06%2Fefa-investigates-missing-african-cup-of-nations-trophies%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\/06\/efa-investigates-missing-african-cup-of-nations-trophies\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/71.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"574319\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/06\/efa-investigates-missing-african-cup-of-nations-trophies\/71-jpg-22\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/71.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"71.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/71.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/71.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-574318\" class=\"content-area-description single-story post-574318 post type-post status-publish format-standard has-post-thumbnail hentry category-on-your-way-out tag-al-ahly tag-culture tag-enterpriseam tag-sports tag-zamalek wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Looks like someone at the EFA is going to be looking for a new job:<\/strong> The Egyptian Football Association (EFA) discovered that several trophies were stolen from its storage room as the EFA was renovating its headquarters to include a museum at the entrance, according to a <a href=\"http:\/\/www.efa.com.eg\/NewsDetails?k1=LFmNj1t7w6P7YNBqhUMeXg==\">statement<\/a>. It has since opened an investigation and believes the trophies could have been stolen in 2013 when angry fans looted and set fire to the headquarters. One of the trophies missing is an original African Cup of Nations that Egypt was permanently awarded after three consecutive triumphs in 2006, 2008 and 2010, according to <a href=\"https:\/\/www.bbc.com\/sport\/africa\/54034164\">BBC<\/a>. <a href=\"https:\/\/www.kingfut.com\/2020\/09\/04\/egypt-fa-confirm-investigations\/\">Kingfut<\/a> and <a href=\"https:\/\/www.goal.com\/en\/news\/egypt-fa-confirm-loss-of-africa-cup-of-nations-trophy\/kkwd8zfzfcq81ch9lefarmlt6\">Goal<\/a>have also picked up the story.<\/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\/al-ahly\/\">Al Ahly<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/culture\/\">culture<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sports\/\">sports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/zamalek\/\">Zamalek<\/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=\"574321\" 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=\"574321\">\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\/09\/06\/the-market-yesterday-161\/\">\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\/06\/the-market-yesterday-161\/\" 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\/06\/the-market-yesterday-161\/')\">\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\/06\/the-market-yesterday-161\/\">\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\/09\/06\/the-market-yesterday-161\/\">\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\/06\/the-market-yesterday-161\/&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%2F09%2F06%2Fthe-market-yesterday-161%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\/06\/the-market-yesterday-161\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-574321\" class=\"content-area-description single-story post-574321 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 15.76 | Sell 15.86<\/p>\n<p> <strong>EGP \/ USD at CIB:<\/strong> Buy 15.77 | Sell 15.87<br \/>\n <strong>EGP \/ USD at NBE: <\/strong>Buy 15.78 | Sell 15.88<\/p>\n<p><strong>EGX30<\/strong> (Thursday): 11,180 (-0.3%)<br \/>\n <strong>Turnover:<\/strong> EGP 1.1 bn (1% above the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: -19.92%<\/p>\n<p><strong>THE MARKET ON THURSDAY:<\/strong> The EGX30 ended Thursday\u2019s session down 0.3%. CIB, the index\u2019s heaviest constituent, ended down 0.03%. EGX30\u2019s top performing constituents were CIRA up 2.3%, Kima up 1.0%, and Ezz Steel up 0.6%. Thursday\u2019s worst performing stocks were Juhayna down 2.0%, Telecom Egypt down 2.0% and Orascom Development down 1.5%. The market turnover was EGP 1.1 bn, and local investors were the sole net buyers.<\/p>\n<p><strong>Foreigners<\/strong>: Net short | EGP -40.3 mn<br \/>\n <strong>Regional<\/strong>: Net short | EGP -21.0 mn<br \/>\n <strong>Domestic<\/strong>: Net long | EGP +61.3 mn<\/p>\n<p><strong>Retail<\/strong>: 76.0% of total trades | 78.5% of buyers | 73.5% of sellers<br \/>\n <strong>Institutions<\/strong>: 24.0% of total trades | 21.5% of buyers | 26.5% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 39.77 (-3.87%)<br \/>\n <strong>Brent:<\/strong> USD 42.66 (-3.20%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 2.59 MMBtu, (+4.06%, October 2020 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,934 \/ troy ounce (-0.18%)<\/p>\n<p><strong>TASI:<\/strong> 8,045 (+0.40%) (YTD: -4.10%)<br \/>\n <strong>ADX:<\/strong> 4,552 (+0.11%) (YTD: -10.32%)<br \/>\n <strong>DFM:<\/strong> 2,282 (+1.02%) (YTD: -17.44%)<br \/>\n <strong>KSE Premier Market:<\/strong> 5,865 (-0.16%)<br \/>\n <strong>QE:<\/strong> 9,836 (+0.25%) (YTD: -5.65%)<br \/>\n <strong>MSM:<\/strong> 3,746 (-0.61%) (YTD: -5.90%)<br \/>\n <strong>BB: <\/strong>1,410 (+0.85%) (YTD: -12.42%)<\/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=\"574322\" 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\/06\/574322\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-574322\" class=\"content-area-description single-story post-574322 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>September: 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>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>5-9 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>8 September (Tuesday): The Education Ministry will announce what the school year will look like for both private and public schools.<\/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 September (Monday): Postponed EU-China summit in Leipzig to be held as a video conference, <a href=\"https:\/\/www.scmp.com\/news\/china\/diplomacy\/article\/3098266\/china-eu-special-summit-have-trade-focus-us-election-looms\">focus on trade<\/a>.<\/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>2 November: Former Civil Aviation Minister 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>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>15 November (Sunday): Egyptian Tax Authority\u2019s <a href=\"https:\/\/bit.ly\/32UQfK0\">online intro seminar<\/a> on new electronic invoice system for first tranche of companies transitioning to e-filing program.<\/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>13-31 January (Wednesday-Sunday): Egypt will host the 2021 <a href=\"https:\/\/www.handballegypt2021.com\/\">Men\u2019s Handball World Championship<\/a> at the Giza Pyramids<\/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\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":574289,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-574288","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"275f404d-9c64-498c-8702-a118f98978fa","teaser":"","photo_url":"https:\/\/ent.news\/2020\/9\/50.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>Private sector recovery stalled in August \u2013PMI - 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\/private-sector-recovery-stalled-in-august-pmi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Private sector recovery stalled in August \u2013PMI\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/issues\/private-sector-recovery-stalled-in-august-pmi\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T09:37:36+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/50.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\/private-sector-recovery-stalled-in-august-pmi\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/issues\/private-sector-recovery-stalled-in-august-pmi\/\",\"name\":\"Private sector recovery stalled in August \u2013PMI - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/private-sector-recovery-stalled-in-august-pmi\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/private-sector-recovery-stalled-in-august-pmi\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/50.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2020-09-06T03:51:30+00:00\",\"dateModified\":\"2025-12-16T09:37:36+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/private-sector-recovery-stalled-in-august-pmi\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/issues\/private-sector-recovery-stalled-in-august-pmi\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/private-sector-recovery-stalled-in-august-pmi\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/50.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/50.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/private-sector-recovery-stalled-in-august-pmi\/#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\":\"Private sector recovery stalled in August \u2013PMI\"}]},{\"@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":"Private sector recovery stalled in August \u2013PMI - 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\/private-sector-recovery-stalled-in-august-pmi\/","og_locale":"en_US","og_type":"article","og_title":"Private sector recovery stalled in August \u2013PMI","og_url":"https:\/\/enterpriseam.com\/egypt\/issues\/private-sector-recovery-stalled-in-august-pmi\/","og_site_name":"EnterpriseAM Egypt","article_modified_time":"2025-12-16T09:37:36+00:00","twitter_card":"summary_large_image","twitter_image":"https:\/\/i0.wp.com\/ent.news\/2020\/9\/50.jpg?fit=%2C&ssl=1","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/private-sector-recovery-stalled-in-august-pmi\/","url":"https:\/\/enterpriseam.com\/egypt\/issues\/private-sector-recovery-stalled-in-august-pmi\/","name":"Private sector recovery stalled in August \u2013PMI - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/private-sector-recovery-stalled-in-august-pmi\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/private-sector-recovery-stalled-in-august-pmi\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2020\/9\/50.jpg?fit=%2C&ssl=1","datePublished":"2020-09-06T03:51:30+00:00","dateModified":"2025-12-16T09:37:36+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/private-sector-recovery-stalled-in-august-pmi\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/issues\/private-sector-recovery-stalled-in-august-pmi\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/private-sector-recovery-stalled-in-august-pmi\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2020\/9\/50.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2020\/9\/50.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/private-sector-recovery-stalled-in-august-pmi\/#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":"Private sector recovery stalled in August \u2013PMI"}]},{"@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\/574288","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\/574288\/revisions"}],"predecessor-version":[{"id":574332,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/574288\/revisions\/574332"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/574289"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=574288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=574288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=574288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}