{"id":574704,"date":"2020-09-20T03:59:39","date_gmt":"2020-09-20T03:59:39","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=574704"},"modified":"2025-12-16T09:51:26","modified_gmt":"2025-12-16T09:51:26","slug":"poll-central-bank-of-egypt-to-leave-rates-unchanged-this-thursday","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/poll-central-bank-of-egypt-to-leave-rates-unchanged-this-thursday\/","title":{"rendered":"Poll: Central Bank of Egypt to leave rates unchanged this Thursday"},"content":{"rendered":"<section id=\"574706\" 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=\"574706\">\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\/20\/what-were-tracking-on-20-september-2020\/\">\r\n                            What we\u2019re tracking on 20 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\/20\/what-were-tracking-on-20-september-2020\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Exactly 50 of you read it. Fast forward six years and we\u2019re on track to have more than 160k unique readers this month between our email and web editions \u2014 with most of you coming back multiple times per week (bless you). This morning, for those of you keeping count at home, is issue #1,419\u2026We\u2019ll have more for you later this week on how we plan to celebrate our sixth year.<\/p><p><strong>In the meantime, make our birthday awesome by checking out this tune.<\/strong> Yes, our distaste for techno-shaabi is well documented. Yes, we remain sure that Omm Kolthoum is spinning in her grave. <strong>But when your college-bound nephew celebrates the start of his engineering studies in London by dropping a track, you tend to have changes of heart.<\/strong><\/p><p><strong><a href=\"https:\/\/play.anghami.com\/song\/85492404\">Tap or click here to listen to Yoda by Khalaf on Anghami<\/a><\/strong>, better known as Aly Khalifa, nephew of our Grand Poobah and all-around awesome guy. Haven\u2019t signed up for Anghami yet? <a href=\"https:\/\/ent.news\/2020\/9\/Yoda1.mp3\">Listen here on our website.<\/a><\/p><hr class=\"grey-line\"><p><strong>It\u2019s interest rate week, ladies and gents \u2014 and we\u2019re calling a \u2018hold\u2019.<\/strong> All 11 analysts and economists we surveyed expect rates to be left unchanged for a fifth consecutive meeting when the Monetary Policy Committee convenes this Thursday. We have the full results of our regular poll in this morning\u2019s Speed Round, below.<\/p><p><strong>Our <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/331772bb-8af5-4623-a4dd-7b568a447361\">newly-elected<\/a><\/strong><strong> senators are getting a welcome party today and tomorrow at<\/strong><strong> their new headquarters<\/strong> ahead of the first official session of the Senate, which is scheduled for two weeks from today, according to a <a href=\"https:\/\/bit.ly\/3hKEkDZ\">cabinet statement<\/a>. A total of 200 Senate members have been elected, with the 100 remaining spots in the 300-seat chamber set to be decided by President Abdel Fattah El Sisi.<\/p><p>Meanwhile, <strong>aspiring candidates for the <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/74bf9891-b38f-463b-9460-ca73c788f726\">upcoming parliamentary elections<\/a><\/strong><strong> have until <\/strong><strong>Saturday to submit their applications<\/strong> to the National Election Authority (NEA), reports <a href=\"https:\/\/bit.ly\/2RE165F\">Al Shorouk<\/a>. The elections kick-off on 21 October when expats from the 14 governorates included in the first phase of voting go to the polls. <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/74bf9891-b38f-463b-9460-ca73c788f726\">We have the full breakdown here<\/a>.<\/p><p><strong>The cabinet\u2019s decision to relax some restrictions on mass gatherings<\/strong><strong> comes into effect tomorrow.<\/strong> Public wedding celebrations, funeral prayers, expos, and some sports and educational activities will resume \u2014 subject to some restrictions \u2014 for the first time since March after the government <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/716f7c70-98f4-45b4-b8f5-fa241bf5531f\">last week agreed to ease curbs on gatherings<\/a>.<\/p><p><strong>EFG Hermes\u2019 virtual investor conference kicks off tomorrow<\/strong> and wraps next Thursday, 1 October. You can <a href=\"https:\/\/2ndvirtualconference.efghermes.com\/pages\/home.aspx\">visit the conference website here<\/a>.<\/p><p><strong>The Arab-Brazilian Chamber of Commerce is <\/strong><strong><a href=\"https:\/\/anba.com.br\/en\/egypt-to-host-virtual-seminar-on-trade-with-mercosur\/\">hosting a webinar<\/a><\/strong><strong> on<\/strong><strong> Egypt-<\/strong><strong><a href=\"https:\/\/www.mercosur.int\/en\/\">Mercosur<\/a><\/strong><strong> trade today<\/strong>. The online conference is expected to discuss trade between Egypt and the South American economic bloc, and follows a meeting with the Food Export Council <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/dfb18dec-16bd-40b5-8126-320a9b9e422d\">held last week<\/a> with Brazil\u2019s ambassador in Cairo.<\/p><p><strong>Oriental Weavers chairman Mohamed Farid Khamis passed away on Saturday at<\/strong> <strong>the age of 80 <\/strong>following a long struggle with illness, the <a href=\"https:\/\/bit.ly\/2ZUOTy9\">local press<\/a> reports, citing a statement from the Egyptian Federation of Investors Associations (EFIA), over which he presided as chairman. Khamis died in the US while receiving treatment for an undisclosed illness. A prominent local brand, EGX-listed <a href=\"https:\/\/orientalweavers.com\/press-releases\/\">Oriental Weavers<\/a> is an Egypt-based company that specializes in machine-woven carpets and rugs for the local and global market, with subsidiaries in the US and China. Khamis\u2019 Orientals Group also operates <a href=\"https:\/\/oud-egypt.com\/\">Orientals Urban Development<\/a> and <a href=\"https:\/\/www.carbonholdings.com\/our-operations\/opc\/\">Orientals Petrochemicals Company<\/a>.<\/p><hr class=\"grey-line\"><p><strong>The Health Ministry <\/strong><strong><a href=\"https:\/\/bit.ly\/3iNjqW8\">reported<\/a><\/strong><strong> 128 new covid-19 infections yesterday<\/strong>, down from 131 the day before. Egypt has now disclosed a total of 101,900 confirmed cases of covid-19. The ministry also reported 17 new deaths, bringing the country\u2019s total death toll to 5,750. We now have a total of 88,666 confirmed cases that have fully recovered.<\/p><p><strong>Covid-19 has made Egypt\u2019s efforts to develop human capital all the more crucial:<\/strong> Egypt\u2019s education and health reform programs funded by the World Bank could help the country to preserve improvements made to human capital development amid the covid-19 pandemic, Maria Laura Sanchez Puerta, the World Bank\u2019s human development program leader in Egypt, writes in <a href=\"https:\/\/blogs.worldbank.org\/arabvoices\/given-covid-19-egypts-investments-human-capital-are-increasingly-crucial\">a blog post<\/a>. The USD 500 mn project to reform the education system and the USD 530 mn healthcare program are supplementing the slight gains made over the previous decade: it is estimated that a child born in 2020 is likely to be 49% as productive as one enjoying complete education and full health, compared to the 48% productivity of a child born 10 years earlier. \u201cThe crisis created by the pandemic has made Egypt\u2019s investments in human capital more crucial than ever \u2014 both to protect its fragile gains and spur its future generations onto greater productivity,\u201d she writes.<\/p><p><strong>EgyptAir is offering discounts of up to 20% for flyers who buy vouchers worth<\/strong><strong> EGP 300-700 before 20 October<\/strong>, the company announced in <a href=\"https:\/\/bit.ly\/33L5XrB\">a statement<\/a>. The offer hands customers who buy a EGP 300 voucher a 10% discount on flight tickets, while a EGP 500 voucher carries a 15% discount and a EGP 700 voucher grants a 20% discount. The vouchers are valid for one year. The national flag carrier <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/996ae351-6ff0-4c68-9a0f-0d56828e6efb\">lost some EGP 3 bn<\/a> in revenues during 2Q2020 when flights were grounded due the pandemic. The airline was <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b9e7c123-3595-4128-aa8b-b2c47f3f1ca0\">operating at around 45%<\/a> of its pre-covid capacity two months after flights were resumed at the beginning of July, but is still haemorrhaging <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/996ae351-6ff0-4c68-9a0f-0d56828e6efb\">EGP 600-700 mn every month<\/a>.<\/p><p><strong>International carriers are also getting a helping hand: <\/strong>Airlines operating at airports in the Red Sea, South Sinai and Marsa Matrouh governorates will be granted a 50% discount on landing and accommodation fees, and a 20% discount on ground services, the <a href=\"https:\/\/bit.ly\/35Pqkq3\">local press<\/a> reports, citing a decision by Civil Aviation Minister Mohamed Manar published in the Official Gazette.<\/p><p><strong>SIGN OF THE TIMES- Apparently, some people miss flying so much that airlines may begin offering a<\/strong><strong> \u201cflight to nowhere\u201d that takes off and lands in the same destination<\/strong>, according to <a href=\"https:\/\/www.cnbc.com\/2020\/09\/15\/airlines-sell-flights-to-nowhere-that-take-off-land-in-one-place.html\">CNBC<\/a>. The idea could help hard-hit air carriers like Singapore Airlines shore up revenues, while providing nostalgic passengers with the chance to fly for a few hours. Our only question is: Who actually enjoys flights?<\/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-SEP-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/a>Take a moment to breathe in and watch the beauty around. It\u2019s time for your mind to wander to beautiful places at Somabay and let nature work its magic.<\/p><p><strong>MARKET WATCH- US stocks were down on Friday<\/strong> \u2014 with the Dow, Nasdaq, and S&amp;P 500 all clocking losses of around 1%. The tech-heavy Nasdaq extended losses for a third day on news that the Trump administration was moving to block downloads of Chinese apps TikTok and WeChat, while the S&amp;P 500 hit six-week lows due to the so-called \u201c<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-09-18\/stock-traders-brace-for-quadruple-witching-amid-options-anxiety?sref=mmeFTDW1\">quadruple witching<\/a>\u201d \u2014 a quarterly event when all equity derivatives expire on the same day, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-09-17\/asia-stock-futures-edge-higher-dollar-retreats-markets-wrap?sref=mmeFTDW1\">Bloomberg<\/a> says. Elsewhere, the pan-European Stoxx 600 <a href=\"https:\/\/www.reuters.com\/article\/us-europe-stocks\/travel-stocks-slump-in-europe-as-virus-cases-surge-banks-drag-idUSKBN2690Z8\">was 0.7% lower<\/a> on Friday as investors fretted about rising covid-19 cases in Europe.<\/p><p><strong>The lack of a new iPhone model in Apple\u2019s \u201cunderwhelming\u201d product launch last<\/strong><strong> week didn\u2019t help the tech company\u2019s nosediving market value<\/strong>, which has dropped 22.6% \u2014 or USD 532 bn \u2014 since its 2 September intraday record of USD 137.98 \/ share, <a href=\"https:\/\/www.cnbc.com\/2020\/09\/18\/apple-has-quietly-dropped-22percent-from-its-peak-giving-up-500-billion-in-market-cap.html\">CNBC<\/a> said Friday. While Apple\u2019s product launch <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/dfb18dec-16bd-40b5-8126-320a9b9e422d\">last week<\/a> \u2014 which showed off a revamped iPad, Apple Watch 6, Apple One subscription plan, but no new iPhone \u2014 is partially to blame, the iPhone maker\u2019s stock has dropped in line with <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6000d48a-dc88-4df7-a6c9-c743d0e2f90e\">the sell-off on the Nasdaq<\/a>.<\/p><p><strong>Trump approves TikTok-Oracle agreement \u201cin concept\u201d:<\/strong> In an about-turn, The Donald yesterday announced that he had approved Oracle\u2019s offer to take over TikTok\u2019s US operations, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-09-19\/trump-says-he-s-approved-oracle-deal-for-u-s-tiktok-operations?srnd=premium&amp;sref=mmeFTDW1\">Bloomberg<\/a> reports. The US Commerce Department <a href=\"https:\/\/apnews.com\/a439ead01b75fc958c722daf40f9307c\">said Friday<\/a> that it would move to ban the Chinese social media giant from the US as of today, but Trump yesterday said that he had given his approval to the agreement \u201cin concept.\u201d US companies would own 53% of the new TikTok Global company and Chinese investors 36%, satisfying US demands it be under American control, the <a href=\"https:\/\/www.wsj.com\/articles\/trump-signs-off-on-deal-allowing-tiktok-to-continue-u-s-operations-11600551352?mod=hp_lead_pos1\">Wall Street Journal<\/a> reports, citing an unnamed source familiar with the pact.<\/p><hr class=\"grey-line\"><p><strong>US ELECTION WATCH- <\/strong><strong>Women\u2019s rights champion and Supreme Court Justice Ruth Bader Ginsburg (RBG)<\/strong><strong><a href=\"https:\/\/www.reuters.com\/article\/us-usa-court-ginsburg-obituary\/u-s-supreme-courts-ginsburg-a-liberal-dynamo-championed-womens-rights-idUSKBN26A003\">has died<\/a><\/strong><strong> at 87<\/strong>, after spending 27 years on the US\u2019 nine-member Supreme Court. The death of liberal RBG \u2014 the second woman ever to hold a seat on the court since its establishment \u2014 will allow US President Trump to appoint a replacement justice, expanding the court\u2019s conservative majority 6-3. This could not only drastically change the outcome of upcoming Supreme Court hearings on issues such as gun control and voting rights, but also <a href=\"https:\/\/www.bbc.com\/news\/election-us-2020-54215483\">saddle a Biden presidency with a conservative-majority supreme court<\/a> in the event of a Democratic win.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/apple\/\">Apple<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/aviation\/\">aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egyptair\/\">EgyptAir<\/a>\n           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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 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class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-6wgqsc3\" data-v=\"4\" data-block-id=\"6wgqsc3\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-6wgqsc3-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-6wgqsc3-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                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   <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\/20\/last-nights-talk-shows-on-20-september-2020\/\">\r\n                            Last Night\u2019s Talk Shows on 20 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\/20\/last-nights-talk-shows-on-20-september-2020\/\" target=\"_blank\">\n          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href=\"https:\/\/api.whatsapp.com\/send?text=Last+Night%E2%80%99s+Talk+Shows+on+20+September+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F09%2F20%2Flast-nights-talk-shows-on-20-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\/20\/last-nights-talk-shows-on-20-september-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-574708\" class=\"content-area-description single-story post-574708 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-building-code tag-construction tag-covid-19 tag-education tag-enterprise-last-nights-talk-shows tag-enterpriseam tag-human-rights tag-infrastructure tag-moustafa-madbouly tag-new-administrative-capital tag-pandemic tag-real-estate tag-schools tag-transport tag-un wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The talking heads followed the recent formula last night<\/strong>, with building codes and covid-19 getting airtime.<\/p>\n<p><strong>Sharqiya ups<\/strong><strong> discount for <\/strong><strong>settling building violations: <\/strong>Al Hayah Al Youm\u2019s Lobna Assal phoned Sharqiya Governor Mamdouh Ghorab, who said that the governorate will now offer a 50% discount on fines paid to the government to settle building violations. The governorate initially cut fees by 20% under <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c963a495-4348-4831-bbd5-bf4438719893\">rules announced<\/a> by Prime Minister Moustafa Madbouly earlier this month <a href=\"https:\/\/www.youtube.com\/watch?v=0T-bsK2Qd-w\">(watch: runtime: 5:57)<\/a>.<\/p>\n<p><strong>Higher Education Ministry rep talks covid-19 precautions in schools:<\/strong> Masaa DMC's Eman El Hosary phoned Adel Khattab, member of the Higher Education Ministry\u2019s virus committee, who said that children under the age of five will not be required to wear a facemask in class due to the potential effects on the respiratory system, but instead they should wear face shields. Students will also not be required to wear protective equipment during sports activities, he said <a href=\"https:\/\/www.youtube.com\/watch?v=Gxk2LxrJSr0\">(watch: runtime: 7:36)<\/a>.<\/p>\n<p><strong>El Wazir on infrastructure projects in Upper Egypt:<\/strong> Ala Mas'ouleety's Ahmed Moussa phoned Transport Minister Kamel El Wazir, who said that the ministry is working to build 13 axes in Upper Egypt and pave all intersections as part of a EGP 36.7 bn plan that will eventually resurface all village roads in the region. The government spent EGP 2 bn during the last FY to develop roads in several governorates, and has allocated a further EGP 5.3 bn for the next phase of development, he said, adding that the ministry will also work on a tunnel under the Nile in Luxor, connecting the east and west banks of the river. El Wazir also said that the ministry is working to clean, disinfect and line the Luxor-Assiut El Kalabiya canal and Assiut-Abou El Nomros canal <a href=\"https:\/\/www.facebook.com\/119166731535620\/videos\/808918693178069\">(watch: runtime: 24:51)<\/a>.<\/p>\n<p><strong>Madbouly announces Capital Gardens residential area outside NAC:<\/strong> Assal highlighted Prime Minister Moustafa Madbouly\u2019s visit to the new administrative capital yesterday, where he announced that the government had started work on the Capital Gardens residential area, lying between the new administrative capital and New Cairo. The new area will serve as an extension to Badr City, and is being built due to the high demand for housing in the area, he said <a href=\"https:\/\/www.youtube.com\/watch?v=CgmFpQxufbI\">(watch, runtime: 2:21)<\/a>. Masaa DMC\u2019s Eman El Hosary also covered the news <a href=\"https:\/\/www.youtube.com\/watch?v=qWrH2G14x2g\">(watch, runtime: 1:17)<\/a>.<\/p>\n<p><strong>Wafaa Bassim becomes first Egyptian woman on the UN Human Rights Committee:<\/strong> Assal phoned Wafaa Bassim, who <a href=\"https:\/\/bit.ly\/3hTMPgd\">on Friday was elected<\/a> to the UN Human Rights Committee for a four-year term. Bassim said that she is the first Egyptian woman to sit on the committee, and attributed her election to strong Egyptian diplomacy. Bassim has previously served as Egypt\u2019s permanent representative to the UN in Geneva, and was Egypt\u2019s ambassador to Romania, Moldova, and the Holy See. She also served on the National Council for Women\u2019s foreign affairs committee <a href=\"https:\/\/www.youtube.com\/watch?v=W0HKkUePrCE\">(watch, runtime: 8:02)<\/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\/building-code\/\">building code<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/construction\/\">construction<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/human-rights\/\">human rights<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/moustafa-madbouly\/\">Moustafa Madbouly<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/new-administrative-capital\/\">new administrative capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pandemic\/\">pandemic<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate\/\">real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/schools\/\">Schools<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/transport\/\">transport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/un\/\">UN<\/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=\"574709\" 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=\"574709\">\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\/20\/enterprise-poll-central-bank-of-egypt-to-leave-rates-on-hold-in-september-2020\/\">\r\n                            Enterprise poll: Central Bank of Egypt to leave rates on hold in 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\/20\/enterprise-poll-central-bank-of-egypt-to-leave-rates-on-hold-in-september-2020\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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All 11 economists and analysts surveyed expect the MPC to leave rates on hold for the fifth consecutive meeting after its record 300 bps emergency cut in March.<\/p>\n<p><strong>Where rates stand currently:<\/strong> The CBE\u2019s overnight deposit rate is at 9.25% and the lending rate is at 10.25%. The main operation and discount rates are both at 9.75%.<\/p>\n<p><strong>Don\u2019t expect low inflation to prompt a resumption of the monetary easing cycle.<\/strong> Analysts say that the central bank is unlikely to be lured into cutting rates by low inflation, which fell to a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c6d5bc25-216b-4cc9-9246-92eefbcacd4c\">10-month low of 3.4%<\/a> last month. \u201cOur expectation is that the central bank will keep interest rates steady despite the decline in inflation,\u201d said Mona Bedeir, senior economist at Prime Holding. \u201cThe central bank is reassured of its ability to achieve its inflationary goal and therefore its focus is on the stability of the exchange rate and the attractiveness of domestic debt instruments to compensate for the shortage of other foreign exchange sources of transfers.\u201d<\/p>\n<p><strong>Most analysts are expecting inflation to tick up in the months ahead:<\/strong> Mohamed Abu Basha, EFG Hermes\u2019 head of macroeconomic research, expects the annual inflation rate to average 5% in the coming months, with a slight uptick towards the end of 2020 due to the base effect. The recent doubling of an industry-support package of loans provided by the CBE to EGP 200 bn gives further impetus for a rate hold, Abu Basha added. Pharos\u2019 head of research Radwa El Swaify and HC\u2019s Monette Doss are of the same mind, with both expecting inflation to remain between 5-5.5% in the near future. El Swaify also expects the seasonal back-to-school uptick in inflation to raise the headline rate 1%. The central bank currently sees inflation <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7d254786-f3d1-4a39-aa5e-0d98804cb5bf\">averaging 6.2%<\/a> in 4Q.<\/p>\n<p><strong>But then again, it might not:<\/strong> Renaissance Capital forecast in a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2efff360-1ba5-4323-8659-b29a24c332d0\">research note<\/a> last week that inflation will remain below the lower bound of the CBE\u2019s 9% (+\/- 3%) target inflation range through to the end of the year amid a continued slump in consumer demand.<\/p>\n<p><strong>Capital Economics, meanwhile, suggests that the CBE will keep rates on hold to support the EGP<\/strong>, which has rallied 1.6% against the greenback since the beginning of August. \u201cEven though inflation will remain weak, that alone is unlikely to be enough to prompt policymakers to resume the loosening cycle \u2026 the CBE appears to have shifted back to supporting the currency,\u201d James Swanston, MENA economist at the research firm, wrote.<\/p>\n<p><strong>The all-important carry trade:<\/strong> Despite the CBE having room to cut rates, the bank will want to maintain Egypt\u2019s position as having one of the highest real interest rates in emerging markets, analyst Hani Abu El Fotouh suggests. Amid muted remittances and weak tourism, foreign inflows into government debt are currently Egypt\u2019s largest source of hard currency, making the prospect of losing portfolio flows \u201cmuch more\u201d costly than any gains the economy would make from a rate cut, says Abu Bakr Imam, head of research at Sigma Capital. On the domestic front, real interest rates are well-balanced to help contain dollarization and alleviate the burden of debt servicing, El Swaify says.<\/p>\n<p><strong>This is particularly important when considering that the country\u2019s banks have held a net foreign liability position since March<\/strong>, when foreign portfolio investors exited Egypt en masse, says Doss. \u201cA larger scale rebound of foreign portfolio inflows would enhance interbank liquidity and result in cooling off T-bill yields from current levels.\u201d<\/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\/central-bank-of-egypt\/\">Central Bank of Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/inflation\/\">inflation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/interest-rates\/\">interest rates<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/monetary-policy\/\">monetary policy<\/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=\"574725\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"574726\" 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=\"574726\">\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\/20\/egypt-in-the-news-on-20-september-2020\/\">\r\n                            Egypt in the News on 20 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\/20\/egypt-in-the-news-on-20-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\/20\/egypt-in-the-news-on-20-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\/20\/egypt-in-the-news-on-20-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 20 September 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/09\/20\/egypt-in-the-news-on-20-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\/20\/egypt-in-the-news-on-20-september-2020\/&title=Egypt in the News on 20 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+20+September+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F09%2F20%2Fegypt-in-the-news-on-20-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\/20\/egypt-in-the-news-on-20-september-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-574726\" class=\"content-area-description single-story post-574726 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-metoo tag-ancient-egypt tag-archaeology tag-covid-19 tag-egypt-in-the-news tag-enterpriseam tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Women\u2019s rights are leading coverage on Egypt in the foreign press this morning<\/strong><strong>.<\/strong> <a href=\"https:\/\/www.dw.com\/en\/setback-to-egypts-metoo-movement-as-rape-witnesses-reportedly-charged\/a-54958956\">Deutsche Welle<\/a> says Egypt\u2019s #MeToo movement has been \u201cstifled\u201d after witnesses to the 2014 Fairmont [redacted] case were charged \u201cwith vague crimes.\u201d The crackdown on female TikTok users also continues to receive coverage, with public radio program <a href=\"https:\/\/www.pri.org\/stories\/2020-09-18\/social-media-censorship-egypt-targets-women-tiktok\">the World<\/a> recapping the arrests of at least nine women this year for posting content deemed immoral.<\/p>\n<p><strong>Elsewhere, tourism and Ancient Egypt are getting some ink:<\/strong> The country\u2019s usually-bustling tourism hotspots are bracing for a tough winter season as the covid-induced slump looks to continue, writes <a href=\"https:\/\/www.reuters.com\/article\/idUSKBN2691Z8\">Reuters<\/a>. Meanwhile, <a href=\"https:\/\/www.nationalgeographic.com\/history\/magazine\/2020\/09-10\/king-tut-grandparents-tiye-amenhotep-egypt-royal-couple\/\">National Geographic<\/a> looks at how King Tut\u2019s grandparents oversaw during their 38-year reign a prosperous and largely peaceful empire from 1391 to 1353 BC and were focused on monument building and artistic expression.<\/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\/metoo\/\">#MeToo<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ancient-egypt\/\">Ancient Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/archaeology\/\">archaeology<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/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=\"574727\" 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=\"574727\">\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\/20\/diplomacy-foreign-trade-on-20-september-2020\/\">\r\n                            Diplomacy + Foreign Trade on 20 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\/20\/diplomacy-foreign-trade-on-20-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\/20\/diplomacy-foreign-trade-on-20-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\/20\/diplomacy-foreign-trade-on-20-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=Diplomacy + Foreign Trade on 20 September 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/09\/20\/diplomacy-foreign-trade-on-20-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\/20\/diplomacy-foreign-trade-on-20-september-2020\/&title=Diplomacy + Foreign Trade on 20 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=Diplomacy+%2B+Foreign+Trade+on+20+September+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F09%2F20%2Fdiplomacy-foreign-trade-on-20-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\/20\/diplomacy-foreign-trade-on-20-september-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-574727\" class=\"content-area-description single-story post-574727 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-comesa tag-customs tag-diplomacy tag-diplomacy-foreign-trade tag-enterpriseam tag-eu tag-food-security tag-greece tag-human-rights tag-kenya tag-rania-al-mashat tag-turkey tag-world-trade-organization 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> Egypt isn\u2019t happy with <a href=\"https:\/\/www.cnnturk.com\/video\/turkiye\/son-dakika-haberi-disisleri-bakani-cavusoglu-cnn-turkte-sorulari-yanitladi-video\">an interview<\/a> Turkish Foreign Minister Melvut Cavusoglu gave to CNN Turk. Cavusoglu claimed during the interview that following the 30 June revolution \u201cthere was no transition period in Egypt,\u201d which the Egyptian Foreign Ministry <a href=\"https:\/\/bit.ly\/33JLLGl\">denounced<\/a> as baseless and \u201ctotally unrealistic.\u201d<\/p>\n<p>Meanwhile, <strong>Kenya and Egypt are still in talks over the <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3c5dd3d8-116a-4040-96b7-11371a5d063e\">25% customs duty<\/a><\/strong><strong> Kenya said it<\/strong><strong> could impose on some Egyptian exports<\/strong>, an unnamed government source told <a href=\"https:\/\/bit.ly\/3cdL243\">Al Shorouk<\/a>. Press reports indicated last week that <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d81de93d-da0b-49a2-a919-17b76b8c39dd\">Kenya backpedaled<\/a> on its earlier threat to leave the Comesa trade agreement and impose the tariffs.<\/p>\n<p><strong>Egypt out of the running for WTO director general job:<\/strong> Abdel Hamid Mamdouh, Egypt\u2019s candidate to fill the World Trade Organization\u2019s (WTO) director general seat, is no longer being considered for the position, <a href=\"https:\/\/www.reuters.com\/article\/idUSL1N2GE1LM\">Reuters<\/a> reports. This comes after Mamdouh, along with Mexico\u2019s Jesus Seade and Moldova\u2019s Tudor Ulianovschi, failed to secure enough votes to make it into the final round.<\/p>\n<p><strong>El Sisi, EU Council prez talk economic cooperation, regional diplomacy: <\/strong>President Abdel Fattah El Sisi and European Council President Charles Michel discussed the dispute in the Eastern Mediterranean and the conflict in Libya during a phone call on Thursday, according to <a href=\"https:\/\/bit.ly\/32LfRtK\">an Ittihadiya statement<\/a>. El Sisi also talked US-Egypt relations and the Israeli-Palestinian conflict with World Jewish Congress President Ronald Lauder, according to <a href=\"https:\/\/bit.ly\/2FVy6ni\">a separate statement<\/a>.<\/p>\n<p><strong>Egypt to resume bean exports, under conditions: <\/strong>The government has reportedly agreed to end its suspension of beans and legumes exports, provided authorities review export requests on a case-by-case basis, Ahmed El Basha, head of the Cairo Chamber of Commerce\u2019s agricultural products division, which had been lobbying to lift the ban, tells <a href=\"https:\/\/bit.ly\/2ZQHdgo\">Masrawy<\/a>. The Trade Ministry <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f5a17557-76c1-4c8b-96a2-d886361935c4\">introduced a ban<\/a> on beans and lentils in March to ensure sufficient supply amid the pandemic that has disrupted global trade.<\/p>\n<p><strong>The Egyptian Exporters Association \"<\/strong><strong><a href=\"https:\/\/expolink.org\/\">Expolink<\/a><\/strong><strong>\" has launched a digital platform to <\/strong><strong>promote and market its \u201cMade in Egypt\u201d products,<\/strong> <a href=\"https:\/\/bit.ly\/2FCVCpI\">Hapi Journal<\/a> reports, citing a statement by board chairman Khaled El Miqati. Exporters will be able to use the platform free of charge for one year to facilitate to help them access new markets, he said.<\/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\/comesa\/\">COMESA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/customs\/\">customs<\/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\/eu\/\">EU<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/food-security\/\">food security<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/greece\/\">Greece<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/human-rights\/\">human rights<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/kenya\/\">Kenya<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/rania-al-mashat\/\">Rania Al Mashat<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/turkey\/\">Turkey<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-trade-organization\/\">World Trade Organization<\/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=\"574728\" 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=\"574728\">\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\">Tourism<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/20\/first-wizz-air-air-cairo-flights-land-in-borg-el-arab-and-sharm-el-sheikh-airports\/\">\r\n                            First Wizz Air, Air Cairo flights land in Borg El Arab and Sharm El Sheikh airports                        <\/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\/20\/first-wizz-air-air-cairo-flights-land-in-borg-el-arab-and-sharm-el-sheikh-airports\/\" 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\/20\/first-wizz-air-air-cairo-flights-land-in-borg-el-arab-and-sharm-el-sheikh-airports\/')\">\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\/20\/first-wizz-air-air-cairo-flights-land-in-borg-el-arab-and-sharm-el-sheikh-airports\/\">\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=First Wizz Air, Air Cairo flights land in Borg El Arab and Sharm El Sheikh airports&url=https:\/\/enterpriseam.com\/egypt\/2020\/09\/20\/first-wizz-air-air-cairo-flights-land-in-borg-el-arab-and-sharm-el-sheikh-airports\/\">\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\/20\/first-wizz-air-air-cairo-flights-land-in-borg-el-arab-and-sharm-el-sheikh-airports\/&title=First Wizz Air, Air Cairo flights land in Borg El Arab and Sharm El Sheikh airports\">\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=First+Wizz+Air%2C+Air+Cairo+flights+land+in+Borg+El+Arab+and+Sharm+El+Sheikh+airports+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F09%2F20%2Ffirst-wizz-air-air-cairo-flights-land-in-borg-el-arab-and-sharm-el-sheikh-airports%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\/20\/first-wizz-air-air-cairo-flights-land-in-borg-el-arab-and-sharm-el-sheikh-airports\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-574728\" class=\"content-area-description single-story post-574728 post type-post status-publish format-standard hentry category-tourism tag-air-cairo tag-enterpriseam tag-sharm-el-sheikh tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>European budget airline Wizz Air\u2019s first Milan-Alexandria flight landed in Borg El Arab Airport on Thursday, according to a <a href=\"https:\/\/bit.ly\/3iKP4Dv\">Civil Aviation Ministry statement<\/a>. Thursday also saw the first Air Cairo flight from Armenia land in Sharm El Sheikh Airport since the covid-enforced hiatus on flights. Wizz Air will run <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/80e4d73c-75b1-4bd1-bbf6-49f99a2ab188\">three weekly flights<\/a> between Alexandria and Milan on Tuesdays, Thursdays, and Saturdays, and Air Cairo will operate three weekly flights between Armenia and Sharm El Sheikh.<\/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\/air-cairo\/\">Air Cairo<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sharm-el-sheikh\/\">Sharm El Sheikh<\/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=\"574729\" 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=\"574729\">\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\">Telecoms + ICT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/20\/egypt-internet-speed-climbs-six-spots-in-ookla-speedtest-global-index\/\">\r\n                            Egypt internet speed climbs six spots in Ookla Speedtest Global Index                        <\/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\/20\/egypt-internet-speed-climbs-six-spots-in-ookla-speedtest-global-index\/\" 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\/20\/egypt-internet-speed-climbs-six-spots-in-ookla-speedtest-global-index\/')\">\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\/20\/egypt-internet-speed-climbs-six-spots-in-ookla-speedtest-global-index\/\">\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 internet speed climbs six spots in Ookla Speedtest Global Index&url=https:\/\/enterpriseam.com\/egypt\/2020\/09\/20\/egypt-internet-speed-climbs-six-spots-in-ookla-speedtest-global-index\/\">\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\/20\/egypt-internet-speed-climbs-six-spots-in-ookla-speedtest-global-index\/&title=Egypt internet speed climbs six spots in Ookla Speedtest Global Index\">\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+internet+speed+climbs+six+spots+in+Ookla+Speedtest+Global+Index+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F09%2F20%2Fegypt-internet-speed-climbs-six-spots-in-ookla-speedtest-global-index%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\/20\/egypt-internet-speed-climbs-six-spots-in-ookla-speedtest-global-index\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-574729\" class=\"content-area-description single-story post-574729 post type-post status-publish format-standard hentry category-telecoms-ict tag-cit-ministry tag-enterpriseam tag-telecoms-ict wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Egypt <a href=\"https:\/\/www.speedtest.net\/global-index\/egypt\">climbed six spots<\/a> in <a href=\"https:\/\/www.ookla.com\/\">Ookla<\/a>\u2019s monthly Speedtest Global Index to rank 91 out of 177 countries in fixed broadband speed. The average download speed is now 31.38 mbps. The CIT ministry had said earlier this year it is<a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/83a718f6-7158-4e94-bf16-c48135ceb61b\"><\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/83a718f6-7158-4e94-bf16-c48135ceb61b\">investing USD 1.6 bn<\/a> to improve internet speed, with the aim of reaching 20 mbps by the end of 2020, and 40 mbps by the end of 2021.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cit-ministry\/\">CIT ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/telecoms-ict\/\">Telecoms + ICT<\/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=\"574730\" 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=\"574730\">\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\">Banking + Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/20\/egypts-fawry-mulls-launching-emerging-tech-investment-arm-in-2021\/\">\r\n                            Egypt\u2019s Fawry mulls launching emerging tech investment arm in 2021                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/20\/egypts-fawry-mulls-launching-emerging-tech-investment-arm-in-2021\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2020\/09\/20\/egypts-fawry-mulls-launching-emerging-tech-investment-arm-in-2021\/')\">\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\/20\/egypts-fawry-mulls-launching-emerging-tech-investment-arm-in-2021\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt\u2019s Fawry mulls launching emerging tech investment arm in 2021&url=https:\/\/enterpriseam.com\/egypt\/2020\/09\/20\/egypts-fawry-mulls-launching-emerging-tech-investment-arm-in-2021\/\">\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\/20\/egypts-fawry-mulls-launching-emerging-tech-investment-arm-in-2021\/&title=Egypt\u2019s Fawry mulls launching emerging tech investment arm in 2021\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt%E2%80%99s+Fawry+mulls+launching+emerging+tech+investment+arm+in+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F09%2F20%2Fegypts-fawry-mulls-launching-emerging-tech-investment-arm-in-2021%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\/20\/egypts-fawry-mulls-launching-emerging-tech-investment-arm-in-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-574730\" class=\"content-area-description single-story post-574730 post type-post status-publish format-standard hentry category-banking-finance tag-ashraf-sabry tag-banking-finance tag-disruptech tag-enterpriseam tag-fawry tag-fintech tag-investment-watch tag-mohamed-okasha tag-technology wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Egyptian e-payment giant Fawry is considering establishing a new company to invest in emerging technology startups and firms, CEO Ashraf Sabry told <a href=\"https:\/\/bit.ly\/2FAEilf\">Al Mal<\/a>. The company will complete feasibility studies for the venture this year, and decide on whether to launch in early 2021, Sabry added. Fawry has opted out of joining arms with <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7ba180fa-5157-4940-a1ed-0ab5c7ff7e0f\">Disruptech<\/a>, a USD 25 mn fintech fund set up by former Fawry CEO Mohamed Okasha.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ashraf-sabry\/\">Ashraf Sabry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking-finance\/\">BANKING + FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/disruptech\/\">Disruptech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fawry\/\">Fawry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fintech\/\">Fintech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mohamed-okasha\/\">Mohamed Okasha<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/technology\/\">technology<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"574732\" 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=\"574732\">\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\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/09\/20\/the-market-yesterday-171\/\">\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\/20\/the-market-yesterday-171\/\" 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\/20\/the-market-yesterday-171\/')\">\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\/20\/the-market-yesterday-171\/\">\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\/20\/the-market-yesterday-171\/\">\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\/20\/the-market-yesterday-171\/&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%2F20%2Fthe-market-yesterday-171%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\/20\/the-market-yesterday-171\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-574732\" class=\"content-area-description single-story post-574732 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 15.69 | Sell 15.79<\/p>\n<p> <strong>EGP \/ USD at CIB:<\/strong> Buy 15.69 | Sell 15.79<br \/>\n <strong>EGP \/ USD at NBE: <\/strong>Buy 15.71 | Sell 15.81<\/p>\n<p><strong>EGX30<\/strong> (Thursday): 11,051 (-0.3%)<br \/>\n <strong>Turnover:<\/strong> EGP 1.5 bn (33% above the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: -20.9%<\/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 1.1%. EGX30\u2019s top performing constituents were GB Auto up 3.4%, Pioneers Holding up 3.3%, and CIRA up 2.9%. Thursday\u2019s worst performing stocks were Sidi Kerir Petrochemicals down 2.6%, Telecom Egypt down 2.4% and Ezz Steel down 1.7%. The market turnover was EGP 1.5 bn, and foreign investors were the sole net sellers.<\/p>\n<p><strong>Foreigners<\/strong>: Net short | EGP -158.3 mn<br \/>\n <strong>Regional<\/strong>: Net long | EGP +39.6 mn<br \/>\n <strong>Domestic<\/strong>: Net long | EGP +118.7 mn<\/p>\n<p><strong>Retail<\/strong>: 68.2% of total trades | 70.7% of buyers | 65.7% of sellers<br \/>\n <strong>Institutions<\/strong>: 31.8% of total trades | 29.3% of buyers | 34.3% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 41.11 (+0.34%)<br \/>\n <strong>Brent:<\/strong> USD 43.15 (-0.35%)<\/p>\n<p><strong>Natural Gas:<\/strong> (Nymex, futures prices) USD 2.05 MMBtu, (+0.29%, October 2020 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,962.10 \/ troy ounce (+0.63%)<\/p>\n<p><strong>TASI:<\/strong> 8,337 (+0.32%) (YTD: -0.61%)<br \/>\n <strong>ADX:<\/strong> 4,510 (+0.12%) (YTD: -11.13%)<br \/>\n <strong>DFM:<\/strong> 2,320 (+0.86%) (YTD: -16.06%)<br \/>\n <strong>KSE Premier Market:<\/strong> 6,009 (+1.28%)<br \/>\n <strong>QE:<\/strong> 9,942 (+0.01%) (YTD: -4.64%)<br \/>\n <strong>MSM:<\/strong> 3,647 (-0.40%) (YTD: -8.38%)<br \/>\n <strong>BB: <\/strong>1,436 (+1.23%) (YTD: -10.86%)<\/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=\"574733\" 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\/20\/574733\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-574733\" class=\"content-area-description single-story post-574733 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>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>20-27 September (Sunday-Sunday): Welcome Schools expo, Cairo Fair Zone, Nasr City.<\/p>\n<p>21 September (Monday): Government to relax some of the restrictions on mass gatherings.<\/p>\n<p>21 September-1 October (Monday-Thursday): EFG Hermes\u2019 second <a href=\"https:\/\/2ndvirtualconference.efghermes.com\/login.aspx?target=cmp\">Virtual Investors Conference<\/a>.<\/p>\n<p>24 September (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>24-25 September (Thursday-Friday): 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>28 September-3 October (Monday-Saturday): CIB PSA World Tour Finals, Cairo, Egypt.<\/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>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>1-10 October (Thursday-Saturday): Alexandria Book Fair, Kouta, Alexandria.<\/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>21-23 October (Wednesday-Friday): Polls open to international voters for first round of Parliamentary elections in Giza, Fayoum, Beni Suef, Minya, Assiut, New Valley, Sohag, Qena, Luxor, Aswan, Red Sea, Alexandria, Beheira, Matrouh.<\/p>\n<p>23-31 October (Friday-Saturday): <a href=\"http:\/\/elgounafilmfestival.com\/\">El Gouna Film Festival<\/a>, El Gouna, Egypt.<\/p>\n<p>24-25 October (Saturday - Sunday) Polls open for first round of Parliamentary elections in Giza, Fayoum, Beni Suef, Minya, Assiut, New Valley, Sohag, Qena, Luxor, Aswan, Red Sea, Alexandria, Beheira, Matrouh.<\/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>November: An Egyptian-Russian ministerial committee <a href=\"https:\/\/www.facebook.com\/mift.media\/posts\/3275672832501495\">will meet<\/a> to discuss trade and investment in Moscow.<\/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 the 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>4-6 November (Wednesday-Friday): Polls open to international voters for first round of Parliamentary elections in Cairo, Qalyubia, Menofia, Gharbia, Kafr El Sheikh, Sharqia, Damietta, Port Said, Ismailia, Suez, North Sinai and South Sinai.<\/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>7-8 November (Saturday-Sunday): Polls open for first round of Parliamentary elections in Cairo, Qalyubia, Menofia, Gharbia, Kafr El Sheikh, Sharqia, Damietta, Port Said, Ismailia, Suez, North Sinai and South Sinai.<\/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>23-24 November (Monday-Tuesday): Reruns for Parliamentary elections in Giza, Fayoum, Beni Suef, Minya, Assiut, New Valley, Sohag, Qena, Luxor, Aswan, Red Sea, Alexandria, Beheira, Matrouh.<\/p>\n<p>30 November (Monday): Final results will be announced for Parliamentary elections held in Giza, Fayoum, Beni Suef, Minya, Assiut, New Valley, Sohag, Qena, Luxor, Aswan, Red Sea, Alexandria, Beheira, Matrouh.<\/p>\n<p>December: The 110th regular <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/1718744134970611\">session<\/a> of the Egyptian-Iraqi Joint Higher Committee will be held under the chairmanship of the prime ministers of the two countries<\/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>7-8 December (Monday-Tuesday): Reruns for Parliamentary elections in Cairo, Qalyubia, Menofia, Gharbia, Kafr El Sheikh, Sharqia, Damietta, Port Said, Ismailia, Suez, North Sinai and South Sinai.<\/p>\n<p>14 December (Monday): Final results will be announced for Parliamentary elections held in Cairo, Qalyubia, Menofia, Gharbia, Kafr El Sheikh, Sharqia, Damietta, Port Said, Ismailia, Suez, North Sinai and South Sinai.<\/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>31 May-2 June 2021 (Monday-Wednesday): <a href=\"https:\/\/www.egyps.com\/\">Egypt Petroleum Show<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/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<p>30 July-3 August 2021 (Thursday-Monday): Eid Al Adha, national holiday (TBC).<\/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":574705,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-574704","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"85063b08-bf20-4082-9d42-666cecc4cc75","teaser":"","photo_url":"https:\/\/ent.news\/2020\/9\/208.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>Poll: Central Bank of Egypt to leave rates unchanged this Thursday - 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\/poll-central-bank-of-egypt-to-leave-rates-unchanged-this-thursday\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" 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