{"id":575111,"date":"2020-10-04T04:02:27","date_gmt":"2020-10-04T04:02:27","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=575111"},"modified":"2025-12-16T10:05:33","modified_gmt":"2025-12-16T10:05:33","slug":"tons-of-investment-news-is-there-a-better-way-to-start-the-week","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/tons-of-investment-news-is-there-a-better-way-to-start-the-week\/","title":{"rendered":"Tons of investment news \u2014 is there a better way to start the week?"},"content":{"rendered":"<section id=\"575113\" 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=\"575113\">\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\/10\/04\/what-were-tracking-on-4-october-2020\/\">\r\n                            What we\u2019re tracking on 4 October 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\/10\/04\/what-were-tracking-on-4-october-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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It\u2019s going to be a short one, as <strong>we\u2019re all off on Thursday in observance of Armed Forces Day<\/strong>, <a href=\"https:\/\/bit.ly\/3jrJO8j\">the government confirmed<\/a> \u2014 sensibly not giving in to nighttime talkshow host Ahmed Moussa\u2019s suggestion that we backtrack on the new policy of moving midweek holidays to the weekend. Armed Forces Day is formally 6 October.<\/p><p><strong>The best news of the morning: Egypt is on track to be the only country in the EBRD\u2019s <\/strong><strong>footprint to grow this year<\/strong> \u2014 and we should see the economy expand at a 5% clip in 2021. That and a pile of investment news dominate this morning\u2019s Speed Round.<\/p><p><strong>You heard it here first: <\/strong>We <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a6ab3251-641a-4e2c-aa00-6b8486d10c68\">suggested a couple of weeks back<\/a> that \u201cSpacs\u201d would soon be on the regional investment menu, and Nassef Sawiris has made it official, as we note in Speed Round, below. We\u2019re aware of two other investors kicking the tires on Spacs, so watch this space.<\/p><p><strong>Analysts expect the government to leave fuel prices on hold for 4Q<\/strong> when the fuel pricing committee holds its quarterly meeting this week, <a href=\"https:\/\/bit.ly\/3ipCjxh\">Masrawy<\/a> reports. Although global prices remain well below the USD 61\/bbl benchmark used in the FY2020-2021 budget, the increase in public spending necessitated by the pandemic means that the government will prioritize revenues over handing consumers a discount on their fuel, said Mona Bedier, senior economist at Prime Holding. The committee <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c544e54e-b1fb-4978-89af-1cac4f287740\">kept prices on hold<\/a> when it last met in July, leaving 95-octane at EGP 8.50 per liter, 92-octane at EGP 7.50, and 80-octane at EGP 6.25.<\/p><p><strong>Factories could yet see their gas bills cut<\/strong>, though: MPs sitting on the House Industrial Committee <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/2051848\">last week called on the government<\/a> to reduce utility costs for industries. And last month, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c1820173-162c-4f4f-a2ef-ed39a4519852\">government sources suggested<\/a> gas prices could be lowered to at least USD 4\/mmBtu from USD 4.50\/mmBtu. The government has reduced prices twice in the past year: <a href=\"https:\/\/enterprise.press\/stories\/2019\/10\/07\/egypt-reduces-natural-gas-prices-for-three-types-of-factories\/\">once last October<\/a> and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1154689d-294f-4d45-95b4-84a76d67466c\">once in March<\/a> as part of its stimulus measures to protect industry through the covid lockdown.<\/p><p><strong>Our newly-elected Senate will sit for its inaugural session two weeks from today<\/strong>, on 18 October, after President Abdel Fattah El Sisi <a href=\"https:\/\/bit.ly\/2So2I41\">issued a decree<\/a> calling for the upper chamber of parliament to convene.<\/p><p>Key news triggers over the coming weeks:<\/p><ul>\n<li><strong>PMI figures for September<\/strong> are due out for Egypt, Saudi Arabia, and the UAE tomorrow.<\/li>\n<li><strong>Foreign reserve figures for September<\/strong> should be out this week.<\/li>\n<li><strong>Inflation data for September<\/strong> will land on Saturday, 10 October.<\/li>\n<li><strong>Voters go to the polls <\/strong>to elect a new House of Representatives in a multi-stage process starting 21 October (voters abroad) and 24 October (in Egypt).<\/li>\n<\/ul><hr class=\"grey-line\"><p><strong>The Health Ministry <\/strong><strong><a href=\"https:\/\/bit.ly\/34fOV4U\">reported<\/a><\/strong><strong> 109 new covid-19 infections yesterday<\/strong>, down from 149 the day before. Egypt has now disclosed a total of 103,575 confirmed cases of covid-19. The ministry also reported 14 new deaths, bringing the country\u2019s total death toll to 5,970. We now have a total of 97,274 confirmed cases that have fully recovered.<\/p><p><strong>Our regularly scheduled reminder that covid-19 is not canceled (no matter how much <\/strong><strong>Egyptians want to believe it\u2019s over)<\/strong> came courtesy of Higher Education Minister Khaled Abdel Ghaffar, who stressed that social distancing and other precautionary measures remain important. Abdel Ghaffar also told El Hekaya\u2019s Amr Adib that the government currently has 113 university hospitals with 36k beds that are ready to handle the anticipated second wave of covid-19 cases (<a href=\"https:\/\/www.youtube.com\/watch?v=kAJgVSX264U\">watch, runtime: 4:01<\/a>). The minister also gave Adib the latest updates on Egypt\u2019s covid-19 vaccine development efforts, which have so far been successful when tested on animals and should soon move to the pre-trial phase (<a href=\"https:\/\/www.youtube.com\/watch?v=zL0qWazn9OM\">watch, runtime: 4:29<\/a>). Elsewhere on the covid-19 front, presidential health advisor Mohamed Awad Tag Eldin urged Adib\u2019s viewers to get the seasonal flu vaccine (<a href=\"https:\/\/www.youtube.com\/watch?v=dOaupAgkKXI\">watch, runtime: 3:03<\/a>).<\/p><p><strong>Two charter flights landed yesterday in Marsa Alam Airport from <\/strong><strong><a href=\"https:\/\/bit.ly\/3nhI2Jl\">Kiev<\/a><\/strong><strong> and <\/strong><strong><a href=\"https:\/\/bit.ly\/33tafox\">Paris<\/a><\/strong> for the first time since commercial flights were temporarily suspended in March. The first flight brought in 128 tourists from the Ukrainian capital, while the second 97 from France.<\/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\/10\/SOMA-ENTERPRISE2.jpg?ssl=1\" alt=\"enterprise\"><\/a>As a first-class leading golfing destination, Somabay will be hosting a 2020 edition golf tournament on its world renowned golf courses, upgraded with new innovative tweaks, driving ranges and floodlights.<\/p><p>Somabay\u2019s golf course stands out when it comes to sustainability as solar energy is used for seawater desalination, in addition to applying smart irrigation systems to ensure minimum water consumption and cost of sand.<\/p><p><strong>This weekend in the EastMed:<\/strong><\/p><ul>\n<li><strong>Greece and Turkey have agreed to set up a \u201cmilitary deconfliction mechanism\u201d to <\/strong><strong>avoid future military escalations<\/strong>, in a step towards cooling tensions over East-Mediterranean territory disputes between the two countries, <a href=\"https:\/\/www.reuters.com\/article\/us-greece-turkey-nato\/greece-turkey-set-up-hotline-to-avoid-clashes-in-eastern-mediterranean-nato-says-idUSKBN26M6LZ\">Reuters<\/a> says.<\/li>\n<li><strong>Libya has tripled its oil production in the weeks since eastern Libyan forces <\/strong><strong><a href=\"https:\/\/www.france24.com\/en\/20200918-libya-s-haftar-agrees-to-lift-oil-blockade-with-conditions\">lifted<\/a><\/strong> <strong>the oil blockade <\/strong>that was in effect for eight months prior, according to <a href=\"https:\/\/www.reuters.com\/article\/us-libya-oil\/two-weeks-after-blockade-easing-libya-triples-oil-production-idUSKBN26N2DS\">Reuters<\/a>. Talks are <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/929937e3-48cf-4b35-a353-bfdacfd80b6a\">expected<\/a> to be held this week between Libya\u2019s warring factions \u2014 the Tripoli-based Government of National Accord and the eastern Libyan National Army.<\/li>\n<li><strong>Lebanon and Israel are ready for US-mediated talks aimed at solving their <\/strong><strong>long-standing maritime border dispute<\/strong>, <a href=\"https:\/\/www.reuters.com\/article\/us-lebanon-crisis-israel\/lebanon-and-israel-agree-to-talks-to-end-sea-border-dispute-idUSKBN26M63V\">Reuters<\/a> reports.<\/li>\n<\/ul><p><strong>Could the EUR go digital?<\/strong> The European Central Bank is considering the possibility of introducing a digital version of the EUR \u201cshould the need arise,\u201d the <a href=\"https:\/\/apnews.com\/article\/europe-christine-lagarde-166bf4ce8b02abb5ce91faa678ea338a\">Associated Press<\/a>reports. ECB\u2019s Christine Lagarde said the currency would complement rather than replace cash, and would respond to an increased demand for cashless payment services amplified by covid-19. The digital currency \u2014 which would still be \u201cofficial central bank money\u201d \u2014 would be more trustable, have essentially zero risk, and be less expensive to use than cashless payment systems on offer from the private sector, the newswire notes.<\/p><p><strong>Airbnb could clinch a USD 30 bn valuation from its upcoming IPO<\/strong> if the company secures its USD 3 bn target from the offering, <a href=\"https:\/\/www.cnbc.com\/2020\/10\/02\/airbnb-seeks-to-raise-roughly-3-billion-in-ipo.html\">CNBC<\/a> reports, citing unnamed sources familiar with the plan. Airbnb, which filed for the offering in August, expects to go public next month. The most recent assessment of the home sharing giant valued the company at USD 21 bn after the company raised USD 2 bn from investors in April.<\/p><p>In international miscellany:<\/p><ul>\n<li><strong>Brexit talks enter \u201cdecisive phase\u201d:<\/strong> The UK and EU will go back to the negotiating table for Brexit trade talks in London this week in an attempt to iron out persisting disagreements on fishing rights and state aid ahead of the summit of EU leaders on 15-16 October, the <a href=\"https:\/\/www.ft.com\/content\/e1e457a7-e464-4db2-adb5-1504a91e0eaf\">Financial Times<\/a> reports.<\/li>\n<li><strong>Google has agreed to pay 200 publishers USD 1 bn over <\/strong><strong>the next three years<\/strong> in an effort to quieten criticism of its power over the troubled news industry, writes <a href=\"https:\/\/apnews.com\/article\/brazil-germany-archive-sundar-pichai-50448e57de30a40cdd38cdeddaacf043\">the Associated Press<\/a>.<\/li>\n<\/ul><hr class=\"grey-line\"><p><strong>US ELECTION WATCH-<\/strong><strong> Trump just sprang the quickest October Surprise of all<\/strong><strong> time:<\/strong> Conflicting reports have emerged on US President Donald Trump\u2019s condition since being hospitalized on Friday after testing positive for covid-19. Trump\u2019s contraction of the virus that causes covid-19 is a plot twist that threatens to upend his presidential campaign as the election enters its final stretch. The president was said to have been experiencing coughing, congestion, and fever, prompting officials to fly him to hospital for emergency treatment. Aides said he would remain in the hospital for a few days, forcing the campaign to cancel several upcoming rallies. <strong>The story is leading the front pages this morning:<\/strong> <a href=\"https:\/\/www.nytimes.com\/live\/2020\/10\/03\/world\/covid-trump?action=click&amp;module=Spotlight&amp;pgtype=Homepage\">NYT<\/a> | <a href=\"https:\/\/www.washingtonpost.com\/elections\/2020\/10\/03\/trump-covid-live-updates\/\">Washington Post<\/a> | <a href=\"https:\/\/www.wsj.com\/articles\/covid-19-cases-mount-in-trumps-orbit-as-president-remains-hospitalized-11601717979\">WSJ<\/a> | <a href=\"https:\/\/blogs.imf.org\/2020\/10\/01\/reform-of-the-international-debt-architecture-is-urgently-needed\/\">Bloomberg<\/a> | <a href=\"https:\/\/www.ft.com\/content\/265a52cb-3ced-4000-96eb-55e0d0ed03c8\">FT<\/a><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/airbnb\/\">Airbnb<\/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\/electricity\/\">electricity<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/foreign-reserves\/\">foreign reserves<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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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 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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-ruso1s0\" data-v=\"4\" data-block-id=\"ruso1s0\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-ruso1s0-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-ruso1s0-inner-blocks\">\r\n            <div 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class=\"stk-block-content stk-inner-blocks stk-v3thtd8-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-xaqoi6v\" data-v=\"4\" data-block-id=\"xaqoi6v\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-xaqoi6v-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-xaqoi6v-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 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Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/04\/egypts-talk-shows-saqqara-discovery-covid-19-updates-lead-coverage\/\">\r\n                            Egypt\u2019s talk shows: Saqqara discovery + covid-19 updates lead coverage                        <\/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\/10\/04\/egypts-talk-shows-saqqara-discovery-covid-19-updates-lead-coverage\/\" target=\"_blank\">\n                    Open in new tab           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\n<article id=\"post-575115\" class=\"content-area-description single-story post-575115 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-banking-and-central-bank-act tag-covid-19 tag-donald-trump tag-enterprise-last-nights-talk-shows tag-enterpriseam tag-libya wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>*** Lamees El Hadidi returns to the airwaves tonight with her new show, Kelma Akhira<\/strong>, on ON TV. You can catch the promo for the show \u2014 which promises to feature plenty of debates and discussion \u2014 here (<a href=\"https:\/\/bit.ly\/34pQGwq\">runtime: 1:16<\/a>).<\/p>\n<p><strong>The talking heads had a rather busy night, but the discovery yesterday of 59 <\/strong><strong>sarcophagi<\/strong><strong> at Saqqara was the belle of the ball.<\/strong> The recently-ratified Banking and Central Bank Act, King Cheeto\u2019s health updates, and the regional diplomatic landscape also earned plenty of airtime.<\/p>\n<p><strong>Aside from yesterday\u2019s findings, work is currently underway to uncover more coffins in the Saqqara Necropolis<\/strong>, Tourism and Antiquities Minister Khaled El Enany told El Hekaya\u2019s Amr Adib. El Enany also made sure to note that the discovery was led by a team of Egyptian archaeologists from the Supreme Council of Antiquities (<a href=\"https:\/\/www.youtube.com\/watch?v=doOSCUSnv_4\">watch, runtime: 1:23<\/a>). The minister also touched on Egypt\u2019s efforts to stop the smuggling and sale of artifacts, particularly after Christie\u2019s auction house <a href=\"https:\/\/enterprise.press\/stories\/2019\/07\/07\/egypt-in-the-news-on-07-july-2019\/\">sold off<\/a> a Tutankhamun sculpture last year that Egypt said was stolen in the 1970s (<a href=\"https:\/\/www.youtube.com\/watch?v=RTSM62BTb1g\">watch, runtime: 2:28<\/a>). Archaeologists believe there are another 1 mn coffins and mummies in the Saqqara Necropolis, Egyptologist Zahi Hawass estimated in a phone-in with Masaa DMC\u2019s Eman El Hosary <a href=\"https:\/\/www.youtube.com\/watch?v=ad28Tr4d-dU\">(watch, runtime: 8:50<\/a>).<\/p>\n<p><strong>The economic fallout from the pandemic also got some airtime<\/strong> on Al Hayah Al Youm, with former IMF advisor Fakhry El Fiqi noting that Egypt was one of only 18 economies expected to avoid contraction in the IMF\u2019s most recent economic outlook. El Fiqi piled on praise for the Central Bank of Egypt\u2019s quick maneuvering and its monetary policy as a whole for supporting the economy throughout the pandemic. Banque Misr Deputy Chairman Akef El Maghraby also gave Sherdy the lowdown on the key features of the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ba363fe6-92d7-4584-a95d-ee5c9f124acb\">recently passed Banking and Central Bank Act<\/a> (<a href=\"https:\/\/www.youtube.com\/watch?v=oe6RSjNZlP4\">watch, runtime: 21:33<\/a>).<\/p>\n<p><strong>We\u2019re not out of the woods yet with the Libyan conflict<\/strong>, as regional powers could still put boots on the ground in Libya despite the recent deescalation Egypt led with the Cairo Declaration, Arab League Secretary General Ahmed Aboul Gheit told Ala Mas\u2019ouleety\u2019s Ahmed Moussa in an extensive interview (<a href=\"https:\/\/www.youtube.com\/watch?v=jSNoR297cjM\">watch, runtime: 1:48:51<\/a>).<\/p>\n<p><strong>The conflicting reports on US President Donald Trump\u2019s health after testing positive for covid-19<\/strong> were also on Amr Adib\u2019s radar, who had a chat with Al Arabiya\u2019s Washington correspondent Nadia Belbisi. She noted that there is also a bit of confusion on when Trump contracted the virus that causes covid-19, all of which is undermining the White House\u2019s credibility and transparency (<a href=\"https:\/\/www.youtube.com\/watch?v=KCGIdlAL0C4\">watch, runtime: 7:21<\/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\/banking-and-central-bank-act\/\">Banking and Central Bank Act<\/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\/donald-trump\/\">Donald Trump<\/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\/libya\/\">Libya<\/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=\"575116\" 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=\"575116\">\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\/10\/04\/egypt-on-track-to-be-only-country-in-ebrds-footprint-to-grow-this-year\/\">\r\n                            Egypt on track to be only country in EBRD\u2019s footprint to grow this year                        <\/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\/10\/04\/egypt-on-track-to-be-only-country-in-ebrds-footprint-to-grow-this-year\/\" 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\/10\/04\/egypt-on-track-to-be-only-country-in-ebrds-footprint-to-grow-this-year\/')\">\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\/10\/04\/egypt-on-track-to-be-only-country-in-ebrds-footprint-to-grow-this-year\/\">\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 on track to be only country in EBRD\u2019s footprint to grow this year&url=https:\/\/enterpriseam.com\/egypt\/2020\/10\/04\/egypt-on-track-to-be-only-country-in-ebrds-footprint-to-grow-this-year\/\">\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\/10\/04\/egypt-on-track-to-be-only-country-in-ebrds-footprint-to-grow-this-year\/&title=Egypt on track to be only country in EBRD\u2019s footprint to grow this year\">\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+on+track+to+be+only+country+in+EBRD%E2%80%99s+footprint+to+grow+this+year+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F10%2F04%2Fegypt-on-track-to-be-only-country-in-ebrds-footprint-to-grow-this-year%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\/10\/04\/egypt-on-track-to-be-only-country-in-ebrds-footprint-to-grow-this-year\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/26.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"575117\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/04\/egypt-on-track-to-be-only-country-in-ebrds-footprint-to-grow-this-year\/26-jpg-13\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/26.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"26.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/26.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/26.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-575116\" class=\"content-area-description single-story post-575116 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round tag-employment tag-enterpriseam tag-growth-forecast tag-speed-round tag-tourism 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>Egypt on track to be only country in EBRD\u2019s footprint to grow this year, investor sees <\/strong><strong>economy expanding at a 5% clip next year. <\/strong>Covid-19 pushed up unemployment and forced many family businesses to close at least temporarily, but Egypt\u2019s economy is still on track to grow at a 2% clip in 2020 and rebound to 5% growth next year. That makes Egypt \u201cthe only economy across all of the EBRD regions likely to escape recession in the 2020 calendar year \u2026 supported partly by large public construction projects and a boom in the telecommunications sector,\u201d the European Bank for Reconstruction and Development said in a statement announcing it has revised its projections through 2021.<\/p>\n<p><strong>Egypt had been growing at 5.4% pace heading into covid<\/strong>, but the economy was hobbled by a partial lockdown and now faces challenges including \u201cweak outlook in the tourism sector, disruptions in global value chains, weaker demand from trading partners, and the slowdown in foreign direct investment.\u201d<\/p>\n<p><strong>Egypt is bouncing back from covid-induced unemployment and the closure of family <\/strong><strong>businesses<\/strong>, EBRD says, based on a survey of 40k adults and nearly 2k SMEs in more than a dozen countries across its footprint. Some 23% of Egyptians who responded to the survey reported having lost their jobs during the pandemic while a third of family businesses closed at least temporarily. Government figures show unemployment <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/80fdf495-1342-4345-a5bd-6387379141bd\">rose to a two-year high of 9.6%<\/a> in the second quarter as the government\u2019s lockdown measures forced businesses across the country to shutter. <strong>Analysts have argued that national megaprojects helped cushion the blow of covid-19 on the Egyptian economy<\/strong>, helped by a stimulus program coordinated between the CBE and the Madbouly government.<\/p>\n<p><strong>IN OTHER NEWS FROM EM: <\/strong><strong>The threat of sovereign bankruptcies in emerging <\/strong><strong>economies will continue to <\/strong><strong>mount unless the G20 extends its debt relief measures<\/strong> for low-income countries introduced earlier this year into 2021, IMF Managing Director Kristalina Georgieva <a href=\"https:\/\/blogs.imf.org\/2020\/10\/01\/reform-of-the-international-debt-architecture-is-urgently-needed\/\">said in a blog post<\/a> on Thursday. Some nations are beginning to feel the crunch, with crisis-stricken Lebanon initiating a restructuring process, Argentina and Ecuador already reaching restructuring agreements with their bondholders, and Zambia and Rwanda warning that they may not be able to meet obligations to their international creditors.<\/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\/employment\/\">employment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/growth-forecast\/\">growth forecast<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/speed-round\/\">SPEED ROUND<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"575131\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"575132\" 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=\"575132\">\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\">THE MACRO PICTURE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/04\/mobile-operators-are-bidding-to-become-africas-bankers\/\">\r\n                            Mobile operators are bidding to become Africa\u2019s bankers                        <\/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\/10\/04\/mobile-operators-are-bidding-to-become-africas-bankers\/\" 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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Mobile operators are perfectly positioned to be bankers as mobile phone penetration is much higher than access to traditional banks. They have a wealth of data and are able to reach customers at a low cost, says <a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-africa-telecoms-fo\/pandemic-spurs-africas-mobile-telcos-to-ramp-up-banking-bid-idUSKBN26K0RS?il=0\">Reuters<\/a>. \u201cWe are ... using the opportunity that the crisis is offering us to really accelerate,\u201d said Serigne Dioum, who heads the mobile financial services division of MTN, Africa\u2019s largest operator.<\/p>\n<p><strong>MNOs want to lend: <\/strong>Orange, which has operations in at least 18 African countries, recently launched a full-scale digital bank, <a href=\"https:\/\/orangebank.ci\/#\">Orange Bank<\/a>. The launch came after the French giant added 5 mn customers from Africa to its mobile money platforms. Orange\u2019s new bank went live <a href=\"https:\/\/www.thefastmode.com\/technology-solutions\/17663-orange-bank-africa-goes-live-with-the-aim-to-provide-greater-access-to-financial-services\">last month<\/a> in Abidjan, with plans to launch in Mali, Burkina Faso, and Senegal. MTN and Telkom, meanwhile, are getting ready to launch micro-lending programs in South Africa, while Vodacom is venturing out of the continent\u2019s largest economy with expanded lending, insurance, and payment solutions.<\/p>\n<p><strong>Egypt\u2019s population is similarly unbanked and relies heavily on cash transactions.<\/strong> The government used the pandemic to give an extra push for its bid to encourage digital payments, with the central bank and commercial banks <a href=\"https:\/\/bit.ly\/33hoVqV\">recently launching<\/a> a nationwide awareness initiative on the benefits of e-payments. The initiative allows vendors to obtain PoS machines and QR code payment systems at no charge through local banks. Two of Egypt\u2019s largest banks \u2014 <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/81bc11b1-602f-4daa-8921-19bd0ff333ce\">CIB<\/a> and NBE \u2014 have also been reporting large upticks or interest in internet and mobile banking transactions and the use of fintech services. There\u2019s also now more room for non-traditional players to penetrate the sector under the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ba363fe6-92d7-4584-a95d-ee5c9f124acb\">recently enacted<\/a> Banking Act, which governs licensing for <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/de231516-4157-411f-912e-4c3ff02bfdd6\">smaller lenders and digital banks<\/a> that can launch with lower capital requirements.<\/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\/africa\/\">Africa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking-and-central-bank-act\/\">Banking and Central Bank Act<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/cit\/\">CIT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/finance\/\">Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-inclusion\/\">financial inclusion<\/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\/regulation\/\">regulation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-macro-picture\/\">THE MACRO PICTURE<\/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=\"575134\" 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=\"575134\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/04\/egypt-in-the-news-on-4-october-2020\/\">\r\n                            Egypt in the News on 4 October 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\/10\/04\/egypt-in-the-news-on-4-october-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\/10\/04\/egypt-in-the-news-on-4-october-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\/10\/04\/egypt-in-the-news-on-4-october-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 4 October 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/10\/04\/egypt-in-the-news-on-4-october-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\/10\/04\/egypt-in-the-news-on-4-october-2020\/&title=Egypt in the News on 4 October 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+4+October+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F10%2F04%2Fegypt-in-the-news-on-4-october-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\/10\/04\/egypt-in-the-news-on-4-october-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-575134\" class=\"content-area-description single-story post-575134 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-ancient-egypt tag-archaeology tag-building-code tag-egypt-in-the-news tag-enterpriseam tag-politics wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Leading coverage of Egypt in the foreign press over the weekend and into this morning:<\/strong><strong> The discovery of at least 59 sarcophagi<\/strong> near the Step Pyramid of Djoser in Saqqara. The coffins were buried in wells dating back to at least 2,500 years ago, and most contained mummies. (<a href=\"https:\/\/apnews.com\/article\/virus-outbreak-egypt-cairo-a08f2c049953773591f7a2b48f5a9097?utm_medium=AP&utm_campaign=SocialFlow&utm_source=Twitter\">AP<\/a> | <a href=\"https:\/\/www.reuters.com\/article\/idUSKBN26O0PD\">Reuters<\/a> | <a href=\"https:\/\/www.france24.com\/en\/20201003-egypt-unveils-coffins-buried-2-500-years-ago\">AFP<\/a> | <a href=\"https:\/\/www.arabnews.com\/node\/1743621\/middle-east\">Arab News<\/a>).<\/p>\n<p><strong>Also making the rounds:<\/strong> <a href=\"https:\/\/www.nytimes.com\/2020\/10\/02\/world\/middleeast\/egypt-metoo-sexual-harassment-ashraf.html?searchResultPosition=2\">The New York Times<\/a> profiles Nadeen Ashraf, the founder of the Assault Police Instagram page that has helped uncover incidents of [redacted] assault in Egypt. Elsewhere, <a href=\"https:\/\/www.amnesty.org\/en\/latest\/news\/2020\/10\/egypt-rare-protests-met-with-unlawful-force-and-mass-arrests\/\">Amnesty International<\/a> released a report suggesting that 500 people were detained for participating in scattered protests against housing demolitions. A separate report from <a href=\"https:\/\/www.hrw.org\/the-day-in-human-rights\/2020\/10\/01\">Human Rights Watch<\/a> discusses the detention of LGBTQ+ people. The <a href=\"https:\/\/apnews.com\/article\/egypt-arrests-violence-archive-cairo-177cc6fde1566c76b8c7b803f1b1b1ac\">Associated Press<\/a> also took note.<\/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\/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\/building-code\/\">building code<\/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\/politics\/\">politics<\/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=\"575135\" 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=\"575135\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">Worth watching<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/04\/sustainability-linked-loans-how-do-they-work\/\">\r\n                            Sustainability-linked loans: How do they work?                        <\/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\/10\/04\/sustainability-linked-loans-how-do-they-work\/\" 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\/10\/04\/sustainability-linked-loans-how-do-they-work\/')\">\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\/10\/04\/sustainability-linked-loans-how-do-they-work\/\">\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=Sustainability-linked loans: How do they work?&url=https:\/\/enterpriseam.com\/egypt\/2020\/10\/04\/sustainability-linked-loans-how-do-they-work\/\">\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\/10\/04\/sustainability-linked-loans-how-do-they-work\/&title=Sustainability-linked loans: How do they work?\">\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=Sustainability-linked+loans%3A+How+do+they+work%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F10%2F04%2Fsustainability-linked-loans-how-do-they-work%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\/10\/04\/sustainability-linked-loans-how-do-they-work\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/34.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"575136\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/04\/sustainability-linked-loans-how-do-they-work\/34-jpg-14\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/34.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"34.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/34.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/34.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-575135\" class=\"content-area-description single-story post-575135 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-watching tag-climate-change tag-enterpriseam tag-environment tag-renewable-energy tag-sustainability tag-worth-watching wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Will sustainability-linked loan agreements be the future of the post-pandemic food <\/strong><strong>system? <\/strong>Sustainability-linked loan agreements are becoming increasingly popular as banking institutions use their financial resources to give incentives to companies to become more environmentally-friendly, explains Netherlands-based Rabobank\u2019s Head of Sustainable Capital Markets Maarten Biermans in this Financial Times video (<a href=\"https:\/\/bit.ly\/34gn9W8\">watch, runtime: 03:24<\/a>).<\/p>\n<p><strong>Sounds great, but how does it work?<\/strong> Banks and companies agree on sustainability targets when inking loan agreements. Once the targets are reached, the interest rate on the loan decreases. In many cases, the borrower gets penalized if they fail to meet their targets, resulting in the interest rate increasing. These targets often include reducing water usage and CO2 emissions, improving energy efficiency, and introducing electric vehicles.<\/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\/climate-change\/\">climate change<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/environment\/\">environment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/renewable-energy\/\">renewable energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sustainability\/\">sustainability<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/worth-watching\/\">worth watching<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"575137\" 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=\"575137\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/04\/diplomacy-foreign-trade-on-4-october-2020\/\">\r\n                            Diplomacy + Foreign Trade on 4 October 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\/10\/04\/diplomacy-foreign-trade-on-4-october-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\/10\/04\/diplomacy-foreign-trade-on-4-october-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\/10\/04\/diplomacy-foreign-trade-on-4-october-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 4 October 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/10\/04\/diplomacy-foreign-trade-on-4-october-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\/10\/04\/diplomacy-foreign-trade-on-4-october-2020\/&title=Diplomacy + Foreign Trade on 4 October 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+4+October+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F10%2F04%2Fdiplomacy-foreign-trade-on-4-october-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\/10\/04\/diplomacy-foreign-trade-on-4-october-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-575137\" class=\"content-area-description single-story post-575137 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-commodities tag-diplomacy tag-diplomacy-foreign-trade tag-enterpriseam tag-manufacturing tag-politics tag-protectionism tag-sameh-shoukry tag-sudan tag-trade tag-world-trade-organization wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>It was a busy weekend on the foreign trade front:<\/strong> The Hungarian Import and Export Bank has earmarked some EUR 100 mn to finance unspecified industrial projects with Egyptian local partners, while Hungary is mulling setting up an industrial zone in Egypt, Hungarian Foreign Affairs and Trade Minister Peter Szijjarto told Trade Minister Nevine Gamea last week, according to a cabinet <a href=\"https:\/\/bit.ly\/2Sn8W47\">statement<\/a>. An unnamed Hungarian lightbulb manufacturer has also expressed preliminary interest in setting up shop in Egypt, Szijjarto said, without providing further details.<\/p>\n<p><strong>The Trade Ministry is due to decide before next Sunday 11 October whether to cut<\/strong><strong> import tariffs imposed on steel rebar and iron billets<\/strong>, <a href=\"https:\/\/alborsaanews.com\/2020\/10\/03\/1388091\">the local press reports<\/a>, quoting government sources. The 25% duty on steel rebars and 16% on iron billets were originally introduced provisionally in April 2019, with an eye to gradually taper off the rates over a three year period from the date of rolling out the tariffs, but authorities postponed the reductions twice, the latest of which <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1913f671-63b3-44be-82db-b239195136cc\">was in April<\/a>.<\/p>\n<p>Meanwhile, <strong>exporters have lodged complaints with the Trade Ministry that customs offices <\/strong><strong>were refusing to allow exports of medical masks, lentils and beans<\/strong>, even after the export bans were suspended <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ed9329d3-9ac5-4e67-a3ec-b39ec9f8d0f8\">last month<\/a>, according to <a href=\"https:\/\/bit.ly\/3laSro2\">Al Mal<\/a>.<\/p>\n<p><strong>On the diplomatic front:<\/strong> Prime Minister Moustafa Madbouly lauded the formal signing of <a href=\"https:\/\/www.reuters.com\/article\/us-sudan-politics\/sudan-and-major-rebel-groups-to-formalise-peace-deal-idUSKBN26N3MO?il=0\">a peace agreement<\/a> between Sudan\u2019s power-sharing government and rebel groups in the country, <a href=\"https:\/\/bit.ly\/3n8r286\">cabinet said<\/a>. Separately, Foreign Minister Sameh Shoukry called for the \u201ctotal elimination\u201d of nuclear weapons in a <a href=\"https:\/\/www.facebook.com\/MFAEgypt\/posts\/4586997371372173\">recorded speech<\/a> to the UN General Assembly on Friday.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/commodities\/\">commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/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\/protectionism\/\">protectionism<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sudan\/\">Sudan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/trade\/\">trade<\/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=\"575138\" 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=\"575138\">\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\">Infrastructure<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/04\/three-state-owned-companies-eye-usd-200-mn-damietta-dry-port\/\">\r\n                            Three state-owned companies eye USD 200 mn Damietta Dry Port                        <\/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\/10\/04\/three-state-owned-companies-eye-usd-200-mn-damietta-dry-port\/\" 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\/10\/04\/three-state-owned-companies-eye-usd-200-mn-damietta-dry-port\/')\">\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\/10\/04\/three-state-owned-companies-eye-usd-200-mn-damietta-dry-port\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Three state-owned companies eye USD 200 mn Damietta Dry Port&url=https:\/\/enterpriseam.com\/egypt\/2020\/10\/04\/three-state-owned-companies-eye-usd-200-mn-damietta-dry-port\/\">\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\/10\/04\/three-state-owned-companies-eye-usd-200-mn-damietta-dry-port\/&title=Three state-owned companies eye USD 200 mn Damietta Dry Port\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Three+state-owned+companies+eye+USD+200+mn+Damietta+Dry+Port+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F10%2F04%2Fthree-state-owned-companies-eye-usd-200-mn-damietta-dry-port%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\/10\/04\/three-state-owned-companies-eye-usd-200-mn-damietta-dry-port\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-575138\" class=\"content-area-description single-story post-575138 post type-post status-publish format-standard hentry category-infrastructure tag-enterpriseam tag-holding-company-for-maritime-and-land-transport tag-infrastructure tag-logistics tag-transport-ministry wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>A consortium of three state-owned entities has expressed interest in building the USD 200 mn Damietta Dry Port, reports <a href=\"https:\/\/bit.ly\/36r1rBu\">Al Mal<\/a>, citing an unnamed Transport Ministry source.<\/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\/holding-company-for-maritime-and-land-transport\/\">Holding Company for Maritime and Land Transport<\/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\/logistics\/\">logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/transport-ministry\/\">Transport Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"575140\" 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=\"575140\">\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\">Basic Materials + Commodities<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/04\/centamin-gold-production-to-fall-42-on-sukkari-mine-delays\/\">\r\n                            Centamin gold production to fall 42% on Sukkari mine delays                        <\/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\/10\/04\/centamin-gold-production-to-fall-42-on-sukkari-mine-delays\/\" 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\/10\/04\/centamin-gold-production-to-fall-42-on-sukkari-mine-delays\/')\">\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\/10\/04\/centamin-gold-production-to-fall-42-on-sukkari-mine-delays\/\">\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=Centamin gold production to fall 42% on Sukkari mine delays&url=https:\/\/enterpriseam.com\/egypt\/2020\/10\/04\/centamin-gold-production-to-fall-42-on-sukkari-mine-delays\/\">\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\/10\/04\/centamin-gold-production-to-fall-42-on-sukkari-mine-delays\/&title=Centamin gold production to fall 42% on Sukkari mine delays\">\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=Centamin+gold+production+to+fall+42%25+on+Sukkari+mine+delays+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F10%2F04%2Fcentamin-gold-production-to-fall-42-on-sukkari-mine-delays%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\/10\/04\/centamin-gold-production-to-fall-42-on-sukkari-mine-delays\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-575140\" class=\"content-area-description single-story post-575140 post type-post status-publish format-standard hentry category-basic-materials-commodities tag-basic-materials-commodities tag-centamin tag-enterpriseam tag-gold tag-mining wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Australian gold miner Centamin expects production to drop 42% in the final quarter, after extraction plans slated for this year at Egypt\u2019s Sukkari mine were postponed for safety reasons, according to <a href=\"https:\/\/tools.eurolandir.com\/tools\/Pressreleases\/GetPressRelease\/?ID=3824261&lang=en-GB&companycode=au-cey&v=\">an operational update<\/a> released on Friday. The company expects to produce only 70k ounces of gold in 4Q2020 compared to 148.4k y-o-y, and down from 120k in 3Q2020. Centamin was <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cee2ee1e-4c48-48b5-bab4-027394927fb9\">among the bidders<\/a> in this year\u2019s six-month <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6b6dc75f-f325-4023-ac97-64fff07b8999\">gold exploration tender<\/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\/basic-materials-commodities\/\">Basic Materials + Commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/centamin\/\">Centamin<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gold\/\">gold<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mining\/\">mining<\/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=\"575142\" 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=\"575142\">\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\">Banking + Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/04\/fiber-misr-mulls-sukuk-issuance\/\">\r\n                            Fiber Misr mulls sukuk issuance                        <\/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\/10\/04\/fiber-misr-mulls-sukuk-issuance\/\" 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\/10\/04\/fiber-misr-mulls-sukuk-issuance\/')\">\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\/10\/04\/fiber-misr-mulls-sukuk-issuance\/\">\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=Fiber Misr mulls sukuk issuance&url=https:\/\/enterpriseam.com\/egypt\/2020\/10\/04\/fiber-misr-mulls-sukuk-issuance\/\">\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\/10\/04\/fiber-misr-mulls-sukuk-issuance\/&title=Fiber Misr mulls sukuk issuance\">\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=Fiber+Misr+mulls+sukuk+issuance+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F10%2F04%2Ffiber-misr-mulls-sukuk-issuance%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\/10\/04\/fiber-misr-mulls-sukuk-issuance\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-575142\" class=\"content-area-description single-story post-575142 post type-post status-publish format-standard hentry category-banking-finance tag-banking-finance tag-enterpriseam tag-sukuk wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Fiber Misr is considering a sukuk issuance to finance ongoing projects, the <a href=\"https:\/\/bit.ly\/2Gxz5dQ\">local press<\/a><a href=\"https:\/\/bit.ly\/2Gxz5dQ\">reports<\/a>, citing unnamed sources familiar with the matter. Encouraged by the success of <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0a2d2bcb-61f3-421a-a9ec-9881811925c0\">Talaat Moustafa Group\u2019s issuance<\/a>, the fiber optics cable company\u2019s large-scale projects give it confidence that there will be demand for its issuance, the sources said, without providing further 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\/banking-finance\/\">BANKING + FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sukuk\/\">sukuk<\/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=\"575144\" 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=\"575144\">\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\">Education<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/04\/tender-for-phase-two-ppp-schools-program-launches-next-week\/\">\r\n                            Tender for phase two PPP schools program launches next week                        <\/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\/10\/04\/tender-for-phase-two-ppp-schools-program-launches-next-week\/\" 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\/10\/04\/tender-for-phase-two-ppp-schools-program-launches-next-week\/')\">\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\/10\/04\/tender-for-phase-two-ppp-schools-program-launches-next-week\/\">\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=Tender for phase two PPP schools program launches next week&url=https:\/\/enterpriseam.com\/egypt\/2020\/10\/04\/tender-for-phase-two-ppp-schools-program-launches-next-week\/\">\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\/10\/04\/tender-for-phase-two-ppp-schools-program-launches-next-week\/&title=Tender for phase two PPP schools program launches next week\">\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=Tender+for+phase+two+PPP+schools+program+launches+next+week+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F10%2F04%2Ftender-for-phase-two-ppp-schools-program-launches-next-week%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\/10\/04\/tender-for-phase-two-ppp-schools-program-launches-next-week\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-575144\" class=\"content-area-description single-story post-575144 post type-post status-publish format-standard hentry category-education tag-atter-hanoura tag-education tag-enterpriseam tag-finance-ministry tag-public-private-partnership-ppp-schools-program wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The government is launching a tender for the second phase of the ongoing public-private partnership (PPP) schools program next week, which is expected to see 60-70 new schools built and operated by private sector companies, <a href=\"https:\/\/bit.ly\/3nbtElD\">Al Mal<\/a> reports. Ater Hanoura, head of the Finance Ministry\u2019s Private Partnership Unit, said competing joint ventures will be shortlisted based on financial, technical and operational suitability, before they submit their final applications. This second phase of the tender was <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8794a7dd-8d68-421b-885f-08659ac11998\">originally slated for March<\/a> of this year, but was postponed because of the pandemic.<\/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\/atter-hanoura\/\">Atter Hanoura<\/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\/finance-ministry\/\">Finance Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/public-private-partnership-ppp-schools-program\/\">public-private partnership (PPP) schools program<\/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=\"575145\" 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=\"575145\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/04\/egypts-falak-startups-launches-new-platform-for-digital-demo-days\/\">\r\n                            Egypt\u2019s Falak Startups launches new platform for digital demo days                        <\/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\/10\/04\/egypts-falak-startups-launches-new-platform-for-digital-demo-days\/\" 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\/10\/04\/egypts-falak-startups-launches-new-platform-for-digital-demo-days\/')\">\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\/10\/04\/egypts-falak-startups-launches-new-platform-for-digital-demo-days\/\">\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 Falak Startups launches new platform for digital demo days&url=https:\/\/enterpriseam.com\/egypt\/2020\/10\/04\/egypts-falak-startups-launches-new-platform-for-digital-demo-days\/\">\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\/10\/04\/egypts-falak-startups-launches-new-platform-for-digital-demo-days\/&title=Egypt\u2019s Falak Startups launches new platform for digital demo days\">\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+Falak+Startups+launches+new+platform+for+digital+demo+days+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F10%2F04%2Fegypts-falak-startups-launches-new-platform-for-digital-demo-days%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\/10\/04\/egypts-falak-startups-launches-new-platform-for-digital-demo-days\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-575145\" class=\"content-area-description single-story post-575145 post type-post status-publish format-standard hentry category-on-your-way-out tag-covid-19 tag-enterpriseam tag-entrepreneurship tag-falak-startups tag-startups wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Government-supported accelerator Falak Startups has launched a new digital<\/strong><strong> platform <\/strong>to digitize the physical \u201cdemo day\u201d process, where founders showcase their new companies, according to <a href=\"https:\/\/ent.news\/2020\/10\/Virtual-Stage-Press-Release_Falak-Startups_September2020.pdf\">a press release (pdf)<\/a>. The platform will allow investors interactive access to recorded pitches and pitch decks and obtain the contact details of founders.<\/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\/entrepreneurship\/\">entrepreneurship<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/falak-startups\/\">falak startups<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startups\/\">startups<\/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=\"575146\" 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=\"575146\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">13<\/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\/10\/04\/the-market-yesterday-181\/\">\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\/10\/04\/the-market-yesterday-181\/\" 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\/10\/04\/the-market-yesterday-181\/')\">\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\/10\/04\/the-market-yesterday-181\/\">\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\/10\/04\/the-market-yesterday-181\/\">\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\/10\/04\/the-market-yesterday-181\/&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%2F10%2F04%2Fthe-market-yesterday-181%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\/10\/04\/the-market-yesterday-181\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-575146\" class=\"content-area-description single-story post-575146 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 15.70 | Sell 15.80<\/p>\n<p> <strong>EGP \/ USD at CIB:<\/strong> Buy 15.69 | Sell 15.79<br \/>\n <strong>EGP \/ USD at NBE: <\/strong>Buy 15.70 | Sell 15.80<\/p>\n<p><strong>EGX30<\/strong> (Thursday): 11,051 (+0.6%)<br \/>\n <strong>Turnover:<\/strong> EGP 1.0 bn (11% below the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: -20.8%<\/p>\n<p><strong>THE MARKET ON THURSDAY:<\/strong> The EGX30 ended Thursday\u2019s session up 0.6%. CIB, the index\u2019s heaviest constituent, ended down 0.1%. EGX30\u2019s top performing constituents were Madinet Nasr Housing up 5.0%, Ezz Steel up 3.6%, and GB Auto up 2.9%. Thursday\u2019s worst performing stocks were Egyptian Resorts down 0.7%, Juhayna down 0.6% and Dice down 0.4%. The market turnover was EGP 1.0 bn, and domestic investors were the sole net buyers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Short | EGP -106.3 mn<br \/>\n <strong>Regional<\/strong>: Net Short | EGP -358.2 mn<br \/>\n <strong>Domestic<\/strong>: Net Long | EGP +464.3 mn<\/p>\n<p><strong>Retail<\/strong>: 55.5% of total trades | 24.6% of buyers | 86.5% of sellers<br \/>\n <strong>Institutions<\/strong>: 44.5% of total trades | 75.4% of buyers | 13.5% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 37.05 (-4.31%)<br \/>\n <strong>Brent:<\/strong> USD 39.27 (-4.06%)<\/p>\n<p><strong>Natural Gas:<\/strong> (Nymex, futures prices) USD 2.44 MMBtu, (-3.52%, November 2020 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,907.60 \/ troy ounce (-0.45%)<\/p>\n<p><strong>TASI:<\/strong> 8,295.05 (-0.05%) (YTD: -1.12%)<br \/>\n <strong>ADX:<\/strong> 4,492.02 (-0.58%) (YTD: -11.50%)<br \/>\n <strong>DFM:<\/strong> 2,265.70 (-0.34%) (YTD: -18.05%)<br \/>\n <strong>KSE Premier Market:<\/strong> closed<br \/>\n <strong>QE:<\/strong> 10,005.90 (+0.16%) (YTD: -4.02%)<br \/>\n <strong>MSM:<\/strong> 3,614.64 (-0.19%) (YTD: -9.21%)<br \/>\n <strong>BB: <\/strong>1,432.46 (-0.14%) (YTD: -11.04%)<\/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=\"575147\" 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\/10\/04\/575147\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-575147\" class=\"content-area-description single-story post-575147 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>October: Trade and Industry Ministry allocates SMEs seven industrial complexes.<\/p>\n<p>1-10 October (Thursday-Saturday): Alexandria Book Fair, Kouta, Alexandria.<\/p>\n<p>5 October (Monday): Libyan peace talks in Hurghada bringing together political figures and tribal representatives from the Libyan National Army (LNA) and Government of National Accord (GNA).<\/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>12 October (Monday): The Egyptian Iron and Steel company <a href=\"https:\/\/bit.ly\/2RJtfZq\">general assembly<\/a> would discuss demerging its mining and quarrying unit and restructure the company\u2019s board of directors<\/p>\n<p>10-17 October (Saturday-Saturday): CIB Egyptian Squash Open, New Giza Sporting Club \/ Pyramids of Giza.<\/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>18 October (Sunday): Senate convenes for its first session. <\/p>\n<p>18-22 October (Sunday-Thursday): The annual <a href=\"https:\/\/www.cairowaterweek.eg\/\">Cairo Water Week<\/a> event \u2014 which will be semi- virtual this year \u2014 will be held under the slogan \u201cWater Security for Peace and Development in Arid Regions\u201d<\/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>End of October: <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d33a1331-bba4-462c-a268-96256d9235ec\">Last chance to settle building code violations<\/a> for illegal buildings.<\/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>19-28 November (Thursday-Sunday): <a href=\"https:\/\/www.ciff.org.eg\/\">Cairo International Film Festival<\/a>, Cairo Opera House, Egypt.<\/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>December: IMF delegation visits Egypt to in first of two reviews ahead of disbursement of second tranche of USD 5.2 bn SBA.<\/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>9-10 December (Wednesday-Thursday): <a href=\"http:\/\/www.biznexpo.com\/\">BiznEx<\/a>, the international business expo in Egypt, <a href=\"https:\/\/bit.ly\/3kz8vjb\">venue TBD<\/a>.<\/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>6-18 February (Saturday-Thursday): Mid-year school break.<\/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>24 June 2021 (Thursday): End of the 2020-2021 academic year.<\/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<p>1 October 2021-31 March 2022 (Friday-Thursday): Postponed <a href=\"https:\/\/www.expo2020dubai.com\">Expo 2020 Dubai<\/a>.<\/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":575112,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-575111","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"f21c92f0-d51f-4342-8102-74115556e4a7","teaser":"","photo_url":"https:\/\/ent.news\/2020\/10\/24.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>Tons of investment news \u2014 is there a better way to start the week? - 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\" 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