{"id":575355,"date":"2020-10-13T04:34:00","date_gmt":"2020-10-13T04:34:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=575355"},"modified":"2025-12-16T10:14:23","modified_gmt":"2025-12-16T10:14:23","slug":"maait-promises-no-tax-hikes-the-race-to-buy-egypts-bmw-distributor","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/maait-promises-no-tax-hikes-the-race-to-buy-egypts-bmw-distributor\/","title":{"rendered":"Maait promises no tax hikes + the race to buy Egypt\u2019s BMW distributor"},"content":{"rendered":"<section id=\"575357\" 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=\"575357\">\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\/13\/what-were-tracking-on-13-october-2020\/\">\r\n                            What we\u2019re tracking on 13 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\/13\/what-were-tracking-on-13-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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You can <a href=\"https:\/\/www.apple.com\/apple-events\/\">stream the show here<\/a> starting at 7pm CLT. Expectations are high: <a href=\"https:\/\/www.cnbc.com\/2020\/10\/12\/apple-notches-biggest-gain-since-july-on-anticipation-of-next-iphone.html\">Apple shares are up<\/a> the most since July as traders expect big news.<\/p>\n<p><strong>PSA- You now have until 21 November to get your electronic car stickers<\/strong> after the Interior Ministry decided to extend the deadline. The stickers \u2014 which are required for all vehicles \u2014 are attached to the windshield near the rearview mirror and include an RFID chip that allows authorities to read vehicle license information from a distance (and catch you if you run a red light or break the speed limit). All moroor units will now be open until 8pm, Ala Mas\u2019ouleety\u2019s Ahmed Moussa noted (<a href=\"https:\/\/www.youtube.com\/watch?v=G9W5J4AuAp0\">watch, runtime: 6:21<\/a>).<\/p>\n<p><strong>The IMF and World Bank\u2019s <\/strong><strong><a href=\"https:\/\/live.worldbank.org\/?cid=ECR_TT_worldbank_EN_EXT_AM2020\">(virtual) annual meetings<\/a><\/strong><strong> continue this morning <\/strong>and will likely make headlines, if only for the release later today of the <strong>IMF\u2019s <\/strong><strong><a href=\"https:\/\/www.imf.org\/en\/Publications\/WEO\">World Economic Outlook<\/a><\/strong>.<\/p>\n<p><strong>The G20<\/strong><strong> could agree this week to a six-month extension of its debt relief initiative <\/strong>as a \u201ccompromise\u201d with the World Bank and IMF, which are pushing for a one-year extension, World Bank President David Malpass <a href=\"https:\/\/uk.reuters.com\/article\/us-imf-worldbank-debt-idUKKBN26X20B\">told reporters<\/a> at the institutions\u2019 virtual <a href=\"https:\/\/live.worldbank.org\/?cid=ECR_TT_worldbank_EN_EXT_AM2020\">annual meetings<\/a>, which kicked off yesterday. Lender countries earlier this year allowed 73 of their poorest debtors to postpone payment of 2020 dues, but only 43 of the countries have applied for debt suspension, delaying only half of a USD 11.5 bn collectively owed. The debt service relief initiative also doesn\u2019t cover private sector creditors such as banks, and only three countries have applied for debt relief, which has not yet been granted, from their private lenders, the IMF says, according to <a href=\"https:\/\/www.ft.com\/content\/edb18d34-844b-43b5-a78a-fec73f1d0583\">the Financial Times<\/a>. <strong>Egypt <\/strong><strong><a href=\"https:\/\/www.worldbank.org\/en\/topic\/debt\/brief\/covid-19-debt-service-suspension-initiative\">is not on the list<\/a><\/strong><strong> of countries eligible for debt relief.<\/strong><\/p>\n<p><strong>T<\/strong><strong>he IMF is also pushing for the World Bank and bilateral donors to hand out grants to <\/strong><strong>struggling African economies<\/strong>, IMF Managing Director Kristalina Georgieva said at the FT Africa summit yesterday, according to <a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-imf\/more-synchronized-action-needed-to-tackle-covid-crisis-imfs-georgieva-idUSKBN26X1UY?il=0\">Reuters<\/a>.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>Are you ready to say goodbye to your share of <\/strong><strong>USD 100 bn-worth of international tax <\/strong><strong>loopholes?<\/strong> Tax authorities around the world could reel in an additional USD 100 bn in revenues if a draft of a new corporate taxation system proposed by the Organisation for Economic Cooperation and Development sees the light, the <a href=\"https:\/\/www.ft.com\/content\/c269d8ad-11d6-490a-b290-4d3dbf80bd03\">Financial Times<\/a> reports. The system, which can be implemented as early as next year if a political agreement is reached, would require companies to pay taxes on profits where they operate instead of shifting them to low tax jurisdictions. It would also include the implementation of a minimum corporate tax rate, and would oblige companies to pay a portion of their tax in the locations where their customers are located, even if they sell remotely.<\/p>\n<hr class=\"grey-line\">\n<p><strong>The Health Ministry reported 132 new covid-19 infections yesterday<\/strong>, up from 129 the day before. Egypt has now disclosed a total of 104,648 confirmed cases of covid-19. The ministry also reported 10 new deaths, bringing the country\u2019s total death toll to 6,062. We now have a total of 97,743 confirmed cases that have fully recovered.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>Egyptians are a bit less worried about their financial futures and are less reliant on <\/strong><strong>charity <\/strong>to help them get through tough times brought on by the great covid-19 lockdown, according to a <a href=\"https:\/\/www.capmas.gov.eg\/Pages\/ShowHmeNewsPDF.aspx?page_id=\/Admin\/News\/PressRelease\/20201012142247_666.pdf&Type=News\">national survey by state statistics agency Capmas<\/a>. <strong>The agency found that more than 45% of respondents were \u201coptimistic about their incomes\u201d<\/strong> as they believe the \u201ccrisis is over.\u201d Nearly 32% of respondents expect their incomes will decline in the next three months, down from more than 48% when the results from the last survey <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/29a2685d-b303-414e-9f29-ae094144fb33\">were published in June<\/a>. <strong>A bit under 14% said they were relying on charity<\/strong> to help make ends meet, compared with more than 17% in June.<\/p>\n<p><strong>Human trials of Russia\u2019s Sputnik V covid-19 vaccine have begun in the UAE<\/strong> amid continuing concerns over its efficacy and safety, <a href=\"https:\/\/www.cnbc.com\/2020\/10\/12\/russias-coronavirus-vaccine-human-trials-begin-in-the-middle-east.html\">CNBC<\/a>reports. The UAE is the second foreign country after Belarus to trial the vaccine, which was the first worldwide to receive regulatory approval last August. Russia\u2019s sovereign wealth fund <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/929937e3-48cf-4b35-a353-bfdacfd80b6a\">last month agreed<\/a> with local distributor Pharco to provide a quarter of the Egyptian population with the vaccine. <strong>The news comes as Johnson & Johnson paused its vaccine trials<\/strong> after a participant <a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-johnson-johnson\/jj-pauses-covid-19-vaccine-trials-due-to-unexplained-illness-in-participant-idUSKBN26Y01Q\">developed an unexplained illness<\/a>.<\/p>\n<p><strong>Covid-19 vaccines should be available to low-income countries at no charge<\/strong> and at reduced prices for middle-income countries once a vaccine candidate proves effective, <a href=\"https:\/\/bit.ly\/36YJGd9\">Health Minister Hala Zayed said<\/a> while chairing a meeting of the World Health Organization <a href=\"http:\/\/www.emro.who.int\/index.html\">Regional Committee for the Eastern Mediterranean<\/a>. The committee\u2019s ongoing session is underway in Cairo and due to wrap up today.<\/p>\n<p class='web-image stand-out-borderless' ><a href='https:\/\/somabay.com\/'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/SOMA-ENTERPRISE2.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\n<p><strong>The UK is shutting down pubs and bars in some parts of England as of tomorrow<\/strong><strong> to curb a second wave of covid-19<\/strong> \u2014 a measure that Prime Minister Boris Johnson\u2019s top medical advisor thinks won\u2019t be enough to stop the rise in case numbers, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-10-12\/boris-johnson-shuts-pubs-in-u-k-hot-spots-as-virus-spreads?srnd=premium-europe&sref=mmeFTDW1\">Bloomberg<\/a>. The UK has reported more cases (160k+) between 27 September and 11 October than it did between March and September, <a href=\"https:\/\/www.google.com\/search?source=hp&ei=_ruEX4PUKsLSa-PlnPAG&q=UK+covid-19+cases&oq=UK+covid-19+cases&gs_lcp=CgZwc3ktYWIQAzIFCAAQyQMyAggAMgIIADICCAAyAggAMgIIADICCAAyAggAMgIIADICCAA6CAgAELEDEMkDOgUIABCxAzoLCC4QsQMQxwEQowI6AgguOgsILhCxAxDJAxCTAjoFCC4QsQM6CAgAELEDEIMBOggILhDHARCvAVD9CljoHmCyH2gAcAB4AIABqQGIAY4SkgEEMC4xNpgBAKABAaoBB2d3cy13aXo&sclient=psy-ab&ved=0ahUKEwiDy8zs8a_sAhVC6RoKHeMyB24Q4dUDCAc&uact=5\">Google\u2019s data compilation shows<\/a>.<\/p>\n<p><strong>The first confirmed US case of reinfection with covid-19 could represent a \u201cblow to herd <\/strong><strong>immunity,\u201d<\/strong> the <a href=\"https:\/\/www.ft.com\/content\/a31f8cdb-d321-49ca-a12d-65c4945a31dc\">Financial Times<\/a> suggests this morning.<\/p>\n<p><strong>Auction theory thinkers win Nobel in economics: <\/strong>Stanford University professors Paul Milgrom and Robert Wilson were awarded the 2020 <a href=\"https:\/\/www.nobelprize.org\/prizes\/economic-sciences\/2020\/summary\/\">Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel<\/a> \u201cfor improvements to auction theory and inventions of new auction formats.\u201d Milgrom and Wilson studied the behavior of auction participants and used those findings to design better auction formats for goods and services that are tricky to sell in a conventional way. They designed the US\u2019 Federal Communications Commission <a href=\"https:\/\/www.npr.org\/2020\/10\/12\/922936574\/2-u-s-economists-awarded-nobel-memorial-prize-in-economic-sciences\">auction<\/a> for radio frequencies which raised USD 120 bn when previously they were given away without charge. Auction outcomes affect daily life essentials such as electricity prices or the quality of mobile phone coverage, and the duo\u2019s theory will allow regulators and governments to maximize revenues, the <a href=\"https:\/\/www.ft.com\/content\/43274dae-0862-4c02-ae09-b0e10d26dde7\">Financial Times<\/a> says.<\/p>\n<p><strong>ICYMI \u2014 check out this year\u2019s other Nobel laureates <\/strong>in <a href=\"https:\/\/www.nobelprize.org\/prizes\/physics\/2020\/summary\">Physics<\/a> | <a href=\"https:\/\/www.nobelprize.org\/prizes\/chemistry\/2020\/summary\">Chemistry<\/a> |<\/p>\n<p><a href=\"https:\/\/www.nobelprize.org\/prizes\/medicine\/2020\/summary\">Physiology or Medicine<\/a> | <a href=\"https:\/\/www.nobelprize.org\/prizes\/literature\/2020\/summary\">Literature<\/a> | <a href=\"https:\/\/www.nobelprize.org\/prizes\/peace\/2020\/summary\">Peace<\/a>.<\/p>\n<p><strong>Turkey is stoking tensions with new EastMed seismic surveys:<\/strong> Turkish exploration vessel Oruc Reis has again set to sea to carry out seismic studies in a contested area of the Mediterranean in Greek waters, according to <a href=\"http:\/\/bloomberg.com\/news\/articles\/2020-10-12\/turkey-resumes-mediterranean-survey-amid-tensions-with-greece\">Bloomberg<\/a>. The Greek Foreign Ministry denounced Turkey\u2019s move as \u201ca major escalation and a direct threat to peace and security.\u201d The seismic survey is expected to run through 22 October and Turkey is also conducting separate seismic work off Cyprus through 9 November as the country pushes for a regional conference to discuss a fair divide of resources found in the EastMed.<\/p>\n<p><strong>US ELECTION WATCH- US President Donald Trump has tested negative for covid-19 and<\/strong><strong> is back on the campaign trail<\/strong> in the final rush to shore up support before the elections in three weeks, <a href=\"https:\/\/www.reuters.com\/article\/us-usa-election\/trump-tests-negative-for-covid-19-as-he-resumes-campaigning-in-florida-idUSKBN26X0GN\">Reuters<\/a> reports. Democratic nominee Joe Biden is widening his lead over the incumbent in national opinion polls and some state polls, the newswire notes.<\/p>\n<p><strong>Trade your USD for EUR as a Biden victory becomes more likely: <\/strong>Goldman Sachs strategists believe that the USD might weaken to 2018 levels if Biden comes out on top in the upcoming presidential election, according to <a href=\"http:\/\/bloomberg.com\/news\/articles\/2020-10-12\/goldman-says-short-dollar-as-odds-firm-for-biden-win-vaccine\">Bloomberg<\/a>. A win by The Donald and a vaccine delay could see the most USD-positive outcome, writes strategist Zach Pandl.<\/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\/currencies\/\">currencies<\/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\/eastern-mediterranean\/\">Eastern Mediterranean<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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         class=\"\r\n                story-section            \"\r\n            id=\"575359\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/13\/egypts-talk-shows-no-new-tax-increases-addressing-parent-concerns-on-hybrid-learning\/\">\r\n                            Egypt\u2019s talk shows: No new tax increases + addressing parent concerns on hybrid learning                        <\/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\/13\/egypts-talk-shows-no-new-tax-increases-addressing-parent-concerns-on-hybrid-learning\/\" 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\/13\/egypts-talk-shows-no-new-tax-increases-addressing-parent-concerns-on-hybrid-learning\/')\">\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\/13\/egypts-talk-shows-no-new-tax-increases-addressing-parent-concerns-on-hybrid-learning\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt\u2019s talk shows: No new tax increases + addressing parent concerns on hybrid learning&url=https:\/\/enterpriseam.com\/egypt\/2020\/10\/13\/egypts-talk-shows-no-new-tax-increases-addressing-parent-concerns-on-hybrid-learning\/\">\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\/13\/egypts-talk-shows-no-new-tax-increases-addressing-parent-concerns-on-hybrid-learning\/&title=Egypt\u2019s talk shows: No new tax increases + addressing parent concerns on hybrid learning\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt%E2%80%99s+talk+shows%3A+No+new+tax+increases+%2B+addressing+parent+concerns+on+hybrid+learning+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F10%2F13%2Fegypts-talk-shows-no-new-tax-increases-addressing-parent-concerns-on-hybrid-learning%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" 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a busy evening yesterday<\/strong> as they covered everything from Finance Minister Mohamed Maait\u2019s latest update on state coffers, to the Education Ministry\u2019s efforts to resolve parents\u2019 concerns on hybrid learning models, and updates on the new electric railway.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>The government still has no intention to increase taxes, despite a shortfall in revenues last fiscal year<\/strong> as a result of a dip in tax collection, Maait said at the Regional Forum for Medical Insurance and Healthcare yesterday. Kelma Akhira\u2019s Lamees El Hadidi took note of the key figures Maait recapped from the current fiscal year\u2019s budget, including healthcare expenditures (<a href=\"https:\/\/www.youtube.com\/watch?v=6WlrhmIWeSA\">watch, runtime: 2:07<\/a>). We have more on the story in this morning\u2019s Speed Round, below.<\/p>\n<p><strong>The Education Ministry plans to have a new system in place before the end of 2020 to address issues with private and international schools<\/strong>, including the extent of the ministry\u2019s authority over their policies and decisions, Minister Tarek Shawki told Lamees. The ministry is also still working to address parent and teacher concerns about the government\u2019s decision to move towards distance and hybrid learning models amid the pandemic (<a href=\"https:\/\/www.youtube.com\/watch?v=BVxp-eo_ksU\">watch, runtime: 18:33<\/a>).<\/p>\n<p><strong>The high-speed electric rail should be complete within 24 months, with work set to begin as of next month<\/strong>, Transport Minister Kamel El Wazeer told Lamees. The first phase of the rail will connect Ain Sokhna to New Alamein, the minister noted (<a href=\"https:\/\/www.youtube.com\/watch?v=uJlxjD0xiIk&t=231s\">watch, runtime: 14:46<\/a>).<\/p>\n<p>In other transport news, <strong>Egypt\u2019s first locally assembled electric vehicle is expected to hit the market by the end of 2021 and retail at EGP 350k<\/strong>, Public Enterprises Minister Hisham Tawfik told El Hekaya\u2019s Amr Adib. The vehicle \u2014 a Chinese version of the Nissan Leaf EV \u2014 will have a 45% local component quota to start with, which is set to increase to 55% within two years, Tawfik said (<a href=\"https:\/\/www.youtube.com\/watch?v=cPUqT3JgQbs\">watch, runtime: 15:43<\/a>).<\/p>\n<p><strong>Citizens will have online access to 72 government services before the year is out<\/strong>, Deputy CIT Minister Khaled El Attar told Al Hayah Al Youm\u2019s Lobna Assal. These include real estate registration, personal status services, and submitting inquiries about other services, El Attar said (<a href=\"https:\/\/www.youtube.com\/watch?v=CbDSvGMo39Y&t=162s\">watch, runtime: 9:07<\/a>)<\/p>\n<p><strong>Elsewhere on the airwaves last night:<\/strong> Social Housing Fund boss Mai Abdelhamid laid out the details of the fund\u2019s social housing development plans, which are focused primarily in Upper Egypt, in separate conversations with Al Hayah Al Youm\u2019s Lobna Assal (<a href=\"https:\/\/www.youtube.com\/watch?v=S-naX6qSExg&t=429s\">watch, runtime: 10:47<\/a>) and Ala Mas\u2019ouleety\u2019s Ahmed Moussa (<a href=\"https:\/\/www.youtube.com\/watch?v=J_PPra9pOes\">watch, runtime: 11:48<\/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\/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\/infrastructure-watch\/\">infrastructure watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mohamed-maait\/\">Mohamed Maait<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tax\/\">tax<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"575360\" 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=\"575360\">\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\/13\/cib-efg-hermes-included-on-refinitiv-afes-new-regional-green-index\/\">\r\n                            CIB, EFG Hermes included on Refinitiv, AFE's new regional green index                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/13\/cib-efg-hermes-included-on-refinitiv-afes-new-regional-green-index\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2020\/10\/13\/cib-efg-hermes-included-on-refinitiv-afes-new-regional-green-index\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2020\/10\/13\/cib-efg-hermes-included-on-refinitiv-afes-new-regional-green-index\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=CIB, EFG Hermes included on Refinitiv, AFE's new regional green index&url=https:\/\/enterpriseam.com\/egypt\/2020\/10\/13\/cib-efg-hermes-included-on-refinitiv-afes-new-regional-green-index\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2020\/10\/13\/cib-efg-hermes-included-on-refinitiv-afes-new-regional-green-index\/&title=CIB, EFG Hermes included on Refinitiv, AFE's new regional green index\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=CIB%2C+EFG+Hermes+included+on+Refinitiv%2C+AFE%27s+new+regional+green+index+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F10%2F13%2Fcib-efg-hermes-included-on-refinitiv-afes-new-regional-green-index%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/13\/cib-efg-hermes-included-on-refinitiv-afes-new-regional-green-index\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/122.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"575361\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/13\/cib-efg-hermes-included-on-refinitiv-afes-new-regional-green-index\/122-jpg-14\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/122.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"122.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/122.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/122.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-575360\" class=\"content-area-description single-story post-575360 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round tag-afe tag-carbon-footprint tag-cib tag-efg-hermes tag-enterpriseam tag-environment tag-mena tag-speed-round wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a id=\"tldr-story-01\" class=\"content-anchor\"><\/a> <strong>CIB, EFG Hermes make it onto Refinitiv, AFE's new regional green index:<\/strong> CIB and EFG Hermes are among 30 regional companies included in the new Low Carbon Select Index brought to market by the Arab Federation of Exchanges (AFE) and market data provider Refinitiv, according to a <a href=\"https:\/\/ent.news\/2020\/10\/refinitiv-afe-low-carbon-select-index-constituents-list.pdf\">list of constituents<\/a>\u00a0on Refinitiv\u2019s website. Launched yesterday, the index provides investors with access to low-carbon equities across the Middle East and North Africa, according to a joint <a href=\"https:\/\/arab-exchanges.org\/new\/refinitiv-the-arab-federation-of-exchanges-launch-a-low-carbon-select-index-in-mena\/\">press release<\/a>. Egyptian issuers make up 4.5% of the index, while Saudi Arabia leads the weighting with 39.5%, followed by Kuwait (22.3%), the UAE (16.6%), Qatar (13.4%) and other MENA markets (3.8%).<\/p>\n<p><strong>An ESG-led approach to investing in MENA would have outperformed in the past five years:<\/strong> Over a <a href=\"https:\/\/www.refinitiv.com\/content\/dam\/marketing\/en_us\/documents\/fact-sheets\/refinitiv-afe-low-carbon-select-index.pdf\">five-year period (pdf)<\/a>, the Refinitiv AFE Low Carbon index has outperformed Refinitiv\u2019s freefloat MENA index, generating a 19.75% return in 2019 compared to 12.52% for the same year by the freefloat. \u201cDuring the covid-19 pandemic, the regional [environmental, social and governance (ESG)] portfolio showed a promising potential for Arab companies that are looking at consolidating their positions in this area globally,\u201d said AFE Secretary-General Rami El Dokany,<\/p>\n<p><strong>Minimum index criteria:<\/strong> Constituents must maintain a 10% minimum freefloat, have a minimum trading history of three months, and be part of the top 99.5% of the freefloat market cap on their exchanges. The index stipulates companies have a minimum unadjusted market cap of USD 150 mn and a minimum freefloat adjusted market cap of USD 75 mn.<\/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\/afe\/\">AFE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/carbon-footprint\/\">carbon footprint<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cib\/\">CIB<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/efg-hermes\/\">EFG Hermes<\/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\/mena\/\">MENA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/speed-round\/\">SPEED ROUND<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"575379\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"575380\" 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=\"575380\">\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\">Enterprise explains<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/13\/enterprise-explains-the-vix\/\">\r\n                            Enterprise Explains: The VIX                        <\/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\/13\/enterprise-explains-the-vix\/\" 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\/13\/enterprise-explains-the-vix\/')\">\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\/13\/enterprise-explains-the-vix\/\">\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=Enterprise Explains: The VIX&url=https:\/\/enterpriseam.com\/egypt\/2020\/10\/13\/enterprise-explains-the-vix\/\">\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\/13\/enterprise-explains-the-vix\/&title=Enterprise Explains: The VIX\">\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=Enterprise+Explains%3A+The+VIX+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F10%2F13%2Fenterprise-explains-the-vix%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\/13\/enterprise-explains-the-vix\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/130.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"575381\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/13\/enterprise-explains-the-vix\/130-jpg-17\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/130.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"130.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/130.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/130.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-575380\" class=\"content-area-description single-story post-575380 post type-post status-publish format-standard has-post-thumbnail hentry category-enterprise-explains tag-capital-markets tag-enterprise-explains tag-enterpriseam tag-equities tag-investment-watch tag-sp-500 tag-vix 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-09\"><\/a> <strong>Enterprise Explains: The VIX.<\/strong> Cast your mind back to March of this year. Global markets were spiraling the drain as investors freaked out over the coronavirus. Equities suffered one of the most rapid descents in history, yields on US treasuries collapsed to record lows, and the short-term funding markets seized up. Amid the chaos, the VIX \u2014 one of the leading indicators of risk in the US equity markets \u2014 <a href=\"https:\/\/www.cnbc.com\/2020\/03\/16\/wall-streets-fear-gauge-hits-highest-level-ever.html#:~:text=The%20Cboe%20Volatility%20Index%2C%20known,than%20doubled%20in%20March%20alone.\">surged to a record high<\/a>, eclipsing the previous peak seen during the post-Lehman phase of the 2007\/08 financial crisis.<\/p>\n<p><strong>What is it? The so-called \u201cfear index\u201d<\/strong> measures expectations of volatility of shares on the S&P 500 over a forward-looking 30-day period. The higher the number, the more volatile the market, while a low number indicates a low-risk environment. It\u2019s worth emphasizing this important caveat: <strong>the index does not mention actual volatility<\/strong> and doesn\u2019t claim to know what will happen in the future. It is based purely on the expectations of market participants and isn\u2019t necessarily a watertight indicator of risk.<\/p>\n<p><strong>Reading the index:<\/strong> For the better part of the decade, the index traded at low levels ranging between 10 and 20 \u2014 but what does this actually mean in practice? Although the VIX measures volatility over a 30-day period, the figure you see on the chart is annualized. A reading of 25 tells you that prices can be expected to move up or down by 25% over the next 12 months, but what we\u2019re really interested in is what happens in the short term, 30-day period. To do this we divide the number by 12. Take the example of what happened in March, when the index closed at a record high of 82.69. By doing the calculation we see the index is telling us to expect share prices to fall around 6.9% over the coming 30 days.<\/p>\n<p><strong>Going a bit deeper:<\/strong> The index arrives at these figures by looking at the market prices of stock options. Essentially, these are contracts traded by investors that allow them to buy and sell shares at a certain time in the future at a certain price. Options prices are higher for volatile shares (think of this like insurance) and lower for companies trading at a more stable price. Using these premiums as a benchmark for risk, the VIX calculates a weighted average through the day as contracts are bought and sold by traders. As options prices rise, so does the index (and vice versa).<\/p>\n<p><strong>Want more?<\/strong><\/p>\n<ul>\n<li>Seeking Alpha has a fairly comprehensive explainer <a href=\"https:\/\/seekingalpha.com\/article\/1233251-vix-what-is-it-what-does-it-mean-and-how-to-use-it\">here<\/a>.<\/li>\n<li><a href=\"https:\/\/ragingbull.com\/options\/when-to-get-short-the-market-vix-explained\/\">How to trade the VIX<\/a>.<\/li>\n<li>If you want to get more technical, <a href=\"https:\/\/www.spglobal.com\/spdji\/en\/education-a-practitioners-guide-to-reading-vix.pdf\">S&P Global (pdf)<\/a> has you covered.<\/li>\n<li>Don\u2019t know your calls from your puts? Find out more about options <a href=\"https:\/\/www.youtube.com\/watch?v=nnl3x1wo25g\">here<\/a> and <a href=\"https:\/\/www.youtube.com\/watch?v=6CUcgUeQS-w\">here<\/a>.<\/li>\n<\/ul>\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\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-explains\/\">Enterprise Explains<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/equities\/\">equities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sp-500\/\">S&amp;P 500<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/vix\/\">VIX<\/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=\"575382\" 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=\"575382\">\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\">Worth Listening<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/13\/zooba-ceo-chris-khalifas-vision-of-taking-egyptian-cuisine-global\/\">\r\n                            Zooba CEO Chris Khalifa\u2019s vision of taking Egyptian cuisine global                        <\/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\/13\/zooba-ceo-chris-khalifas-vision-of-taking-egyptian-cuisine-global\/\" 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\/13\/zooba-ceo-chris-khalifas-vision-of-taking-egyptian-cuisine-global\/')\">\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\/13\/zooba-ceo-chris-khalifas-vision-of-taking-egyptian-cuisine-global\/\">\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=Zooba CEO Chris Khalifa\u2019s vision of taking Egyptian cuisine global&url=https:\/\/enterpriseam.com\/egypt\/2020\/10\/13\/zooba-ceo-chris-khalifas-vision-of-taking-egyptian-cuisine-global\/\">\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\/13\/zooba-ceo-chris-khalifas-vision-of-taking-egyptian-cuisine-global\/&title=Zooba CEO Chris Khalifa\u2019s vision of taking Egyptian cuisine global\">\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=Zooba+CEO+Chris+Khalifa%E2%80%99s+vision+of+taking+Egyptian+cuisine+global+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F10%2F13%2Fzooba-ceo-chris-khalifas-vision-of-taking-egyptian-cuisine-global%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\/13\/zooba-ceo-chris-khalifas-vision-of-taking-egyptian-cuisine-global\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/131.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"575383\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/13\/zooba-ceo-chris-khalifas-vision-of-taking-egyptian-cuisine-global\/131-jpg-10\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/131.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"131.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/131.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/131.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-575382\" class=\"content-area-description single-story post-575382 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-listening tag-chris-khalifa tag-enterpriseam tag-food tag-worth-listening tag-zooba wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Hawawshi really is the breakfast of champions:<\/strong> When Chris Khalifa started Zooba in 2012, the mission was to improve on local street food and build a brand around how it was Egyptian and not Middle Eastern. Hanging up his suit as an investment banker, Khalifa has successfully launched seven branches in Cairo, with plans to franchise 20 more in the GCC, and is currently teaching New Yorkers how to pronounce taamiya.<\/p>\n<p><strong>You <\/strong><strong><a href=\"https:\/\/apple.co\/3jGRzHv\">already have a podcast player on your iPhone<\/a><\/strong>, or you can listen to the episode through <a href=\"https:\/\/bit.ly\/2I5qIXO\">our website<\/a> (no download required). We\u2019re also on <a href=\"https:\/\/bit.ly\/3jFlxvF\">Google Podcast<\/a> | <a href=\"https:\/\/bit.ly\/3iMTIjT\">Anghami<\/a> | <a href=\"https:\/\/bit.ly\/3iEPpqC\">Omny<\/a>. Making It is on Spotify, but only for non-MENA accounts.<\/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\/chris-khalifa\/\">Chris Khalifa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/food\/\">food<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/worth-listening\/\">WORTH LISTENING<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/zooba\/\">Zooba<\/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=\"575384\" 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=\"575384\">\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\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/13\/egypt-in-the-news-on-13-october-2020\/\">\r\n                            Egypt in the News on 13 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\/13\/egypt-in-the-news-on-13-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\/13\/egypt-in-the-news-on-13-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\/13\/egypt-in-the-news-on-13-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 13 October 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/10\/13\/egypt-in-the-news-on-13-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\/13\/egypt-in-the-news-on-13-october-2020\/&title=Egypt in the News on 13 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+13+October+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F10%2F13%2Fegypt-in-the-news-on-13-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\/13\/egypt-in-the-news-on-13-october-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-575384\" class=\"content-area-description single-story post-575384 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-metoo tag-egypt-in-the-news tag-enterpriseam tag-gender tag-social-media wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>On an otherwise very quiet morning in the foreign press<\/strong>, <a href=\"https:\/\/bit.ly\/2Im8MIB\">CBC Canada<\/a> picks up on the social media campaign led by women to expose [redacted] assault and harassment.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/metoo\/\">#MeToo<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/gender\/\">gender<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/social-media\/\">social media<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"575385\" 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=\"575385\">\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\/13\/diplomacy-foreign-trade-on-13-october-2020\/\">\r\n                            Diplomacy + Foreign Trade on 13 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\/13\/diplomacy-foreign-trade-on-13-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\/13\/diplomacy-foreign-trade-on-13-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\/13\/diplomacy-foreign-trade-on-13-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 13 October 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/10\/13\/diplomacy-foreign-trade-on-13-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\/13\/diplomacy-foreign-trade-on-13-october-2020\/&title=Diplomacy + Foreign Trade on 13 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+13+October+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F10%2F13%2Fdiplomacy-foreign-trade-on-13-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\/13\/diplomacy-foreign-trade-on-13-october-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-575385\" class=\"content-area-description single-story post-575385 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-diplomacy tag-diplomacy-foreign-trade tag-enterpriseam tag-iraq tag-jordan tag-middle-east wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>On the diplomatic front this morning:<\/strong> President Abdel Fattah El Sisi discussed Arab and regional issues and bilateral cooperation in a meeting yesterday with Iraqi Foreign Minister Fuad Hussein, according to <a href=\"https:\/\/bit.ly\/34OntM1\">an Ittihadiya statement<\/a>. Hussein and his Jordanian counterpart Ayman Safadi are in town for tripartite talks. Prime Minister Moustafa Madbouly, meanwhile, is due in Baghdad at the end of the month, <a href=\"https:\/\/www.ina.iq\/114216\/%d9%88%d8%b2%d9%8a%d8%b1-%d8%a7%d9%84%d8%ae%d8%a7%d8%b1%d8%ac%d9%8a%d8%a9-%d8%b1%d8%a6%d9%8a%d8%b3-%d8%a7%d9%84%d9%88%d8%b2%d8%b1%d8%a7%d8%a1-%d8%a7%d9%84%d9%85%d8%b5%d8%b1%d9%8a-%d8%b3%d9%8a%d8%b2%d9%88%d8%b1-%d8%a8%d8%ba%d8%af%d8%a7%d8%af-%d9%86%d9%87%d8%a7%d9%8a%d8%a9-%d8%a7%d9%84%d8%b4%d9%87%d8%b1-%d8%a7%d9%84%d8%ac%d8%a7%d8%b1%d9%8a\">Iraqi News Agency<\/a> quoted Hussein as saying.<\/p>\n<p><strong>El Sisi also looked at Eni\u2019s operations in Egypt with the Italian company\u2019s CEO Claudio Descalzi<\/strong>, according to <a href=\"https:\/\/bit.ly\/3dlKFVZ\">a separate statement<\/a>. Descalzi recently told the president that Eni is looking to increase its exploration and production activity in the Western Desert and Red Sea regions.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">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\/iraq\/\">Iraq<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/jordan\/\">Jordan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/middle-east\/\">Middle East<\/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=\"575386\" 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=\"575386\">\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\/13\/sczone-granted-license-to-develop-electricity-distribution-networks\/\">\r\n                            SCZone granted license to develop electricity distribution networks                        <\/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\/13\/sczone-granted-license-to-develop-electricity-distribution-networks\/\" 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\/13\/sczone-granted-license-to-develop-electricity-distribution-networks\/')\">\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\/13\/sczone-granted-license-to-develop-electricity-distribution-networks\/\">\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=SCZone granted license to develop electricity distribution networks&url=https:\/\/enterpriseam.com\/egypt\/2020\/10\/13\/sczone-granted-license-to-develop-electricity-distribution-networks\/\">\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\/13\/sczone-granted-license-to-develop-electricity-distribution-networks\/&title=SCZone granted license to develop electricity distribution networks\">\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=SCZone+granted+license+to+develop+electricity+distribution+networks+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F10%2F13%2Fsczone-granted-license-to-develop-electricity-distribution-networks%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\/13\/sczone-granted-license-to-develop-electricity-distribution-networks\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-575386\" class=\"content-area-description single-story post-575386 post type-post status-publish format-standard hentry category-infrastructure tag-enterpriseam tag-infrastructure tag-suez-canal-economic-zone wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The Suez Canal Economic Zone (SCZone) has been granted a license to develop electricity distribution networks by state regulator Electric Utility and Consumer Protection Regulatory Agency, <a href=\"https:\/\/alborsaanews.com\/2020\/10\/11\/1389853\">the local press<\/a> reports. The authorization permits SCZone to contract a third party to implement the network that the authority would then oversee.<\/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\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/suez-canal-economic-zone\/\">Suez Canal Economic Zone<\/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=\"575387\" 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=\"575387\">\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\/13\/egypts-esiic-taps-german-saudi-consortium-to-overhaul-sugar-business\/\">\r\n                            Egypt\u2019s ESIIC taps German-Saudi consortium to overhaul sugar business                        <\/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\/13\/egypts-esiic-taps-german-saudi-consortium-to-overhaul-sugar-business\/\" 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\/13\/egypts-esiic-taps-german-saudi-consortium-to-overhaul-sugar-business\/')\">\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\/13\/egypts-esiic-taps-german-saudi-consortium-to-overhaul-sugar-business\/\">\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 ESIIC taps German-Saudi consortium to overhaul sugar business&url=https:\/\/enterpriseam.com\/egypt\/2020\/10\/13\/egypts-esiic-taps-german-saudi-consortium-to-overhaul-sugar-business\/\">\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\/13\/egypts-esiic-taps-german-saudi-consortium-to-overhaul-sugar-business\/&title=Egypt\u2019s ESIIC taps German-Saudi consortium to overhaul sugar business\">\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+ESIIC+taps+German-Saudi+consortium+to+overhaul+sugar+business+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F10%2F13%2Fegypts-esiic-taps-german-saudi-consortium-to-overhaul-sugar-business%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\/13\/egypts-esiic-taps-german-saudi-consortium-to-overhaul-sugar-business\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-575387\" class=\"content-area-description single-story post-575387 post type-post status-publish format-standard hentry category-basic-materials-commodities tag-basic-materials-commodities tag-enterpriseam tag-manufacturing tag-public-enterprises-ministry wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>A consortium of four consultancies will work with state-owned sugar manufacturer <a href=\"http:\/\/www.siicegypt.com\/\">ESIIC<\/a> on a restructuring and factory upgrade plan under an agreement signed earlier this week, cabinet said in <a href=\"https:\/\/bit.ly\/33RqaNK\">a statement<\/a>. The consortium includes local firm <a href=\"http:\/\/cegman.com\/\">Consulting Engineering Group<\/a> (Cegman), Germany\u2019s <a href=\"https:\/\/www.rolandberger.com\/en\/?country=US\">Roland Berger<\/a> and <a href=\"https:\/\/main.nl\/de\/\">Main Capital<\/a>, and Saudi-based <a href=\"https:\/\/www.bma-engineering.com\/home-ar.html\">BMA Engineering<\/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\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/public-enterprises-ministry\/\">Public Enterprises 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=\"575388\" 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=\"575388\">\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\">Manufacturing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/13\/monginis-to-open-sadat-city-factory-in-coming-3-months\/\">\r\n                            Monginis to open Sadat City factory in coming 3 months                        <\/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\/13\/monginis-to-open-sadat-city-factory-in-coming-3-months\/\" 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\/13\/monginis-to-open-sadat-city-factory-in-coming-3-months\/')\">\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\/13\/monginis-to-open-sadat-city-factory-in-coming-3-months\/\">\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=Monginis to open Sadat City factory in coming 3 months&url=https:\/\/enterpriseam.com\/egypt\/2020\/10\/13\/monginis-to-open-sadat-city-factory-in-coming-3-months\/\">\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\/13\/monginis-to-open-sadat-city-factory-in-coming-3-months\/&title=Monginis to open Sadat City factory in coming 3 months\">\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=Monginis+to+open+Sadat+City+factory+in+coming+3+months+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F10%2F13%2Fmonginis-to-open-sadat-city-factory-in-coming-3-months%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\/13\/monginis-to-open-sadat-city-factory-in-coming-3-months\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-575388\" class=\"content-area-description single-story post-575388 post type-post status-publish format-standard hentry category-manufacturing tag-enterpriseam tag-manufacturing wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Indian sweet maker <a href=\"https:\/\/www.monginis.net\/\">Monginis<\/a> will open a EGP 150 mn factory in Sadat City in the next three months, as sales recover from a 70% plunge during the pandemic, commercial director Ahmed Helmy told <a href=\"https:\/\/bit.ly\/3dpLs8k\">Hapi Journal<\/a>. The facility will be the company\u2019s second in Egypt.<\/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\/manufacturing\/\">Manufacturing<\/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=\"575389\" 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=\"575389\">\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\">Tourism<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/13\/egyptian-archaeologists-discover-scarabs-amulets-in-recently-unearthed-sarcophagus\/\">\r\n                            Egyptian archaeologists discover scarabs, amulets in recently unearthed sarcophagus                        <\/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\/13\/egyptian-archaeologists-discover-scarabs-amulets-in-recently-unearthed-sarcophagus\/\" 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\/13\/egyptian-archaeologists-discover-scarabs-amulets-in-recently-unearthed-sarcophagus\/')\">\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\/13\/egyptian-archaeologists-discover-scarabs-amulets-in-recently-unearthed-sarcophagus\/\">\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=Egyptian archaeologists discover scarabs, amulets in recently unearthed sarcophagus&url=https:\/\/enterpriseam.com\/egypt\/2020\/10\/13\/egyptian-archaeologists-discover-scarabs-amulets-in-recently-unearthed-sarcophagus\/\">\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\/13\/egyptian-archaeologists-discover-scarabs-amulets-in-recently-unearthed-sarcophagus\/&title=Egyptian archaeologists discover scarabs, amulets in recently unearthed sarcophagus\">\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=Egyptian+archaeologists+discover+scarabs%2C+amulets+in+recently+unearthed+sarcophagus+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F10%2F13%2Fegyptian-archaeologists-discover-scarabs-amulets-in-recently-unearthed-sarcophagus%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\/13\/egyptian-archaeologists-discover-scarabs-amulets-in-recently-unearthed-sarcophagus\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-575389\" class=\"content-area-description single-story post-575389 post type-post status-publish format-standard hentry category-tourism tag-ancient-egypt tag-archaeology tag-culture tag-enterpriseam tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>A team of Egyptian archaeologists discovered several amulets and scarabs yesterday in the newly-discovered coffin of a high priest of ancient Egyptian god Djehuti at the El Ghoreifa archaeological site in Minya, the Tourism Ministry said in <a href=\"https:\/\/bit.ly\/3iX4Bzj\">a statement<\/a>. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/culture\/\">culture<\/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=\"575390\" 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=\"575390\">\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\">Automotive + Transportation<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/13\/french-company-to-supply-ticket-vending-machines-for-cairo-metro\/\">\r\n                            French company to supply ticket vending machines for Cairo Metro                        <\/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\/13\/french-company-to-supply-ticket-vending-machines-for-cairo-metro\/\" 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\/13\/french-company-to-supply-ticket-vending-machines-for-cairo-metro\/')\">\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\/13\/french-company-to-supply-ticket-vending-machines-for-cairo-metro\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=French company to supply ticket vending machines for Cairo Metro&url=https:\/\/enterpriseam.com\/egypt\/2020\/10\/13\/french-company-to-supply-ticket-vending-machines-for-cairo-metro\/\">\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\/13\/french-company-to-supply-ticket-vending-machines-for-cairo-metro\/&title=French company to supply ticket vending machines for Cairo Metro\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=French+company+to+supply+ticket+vending+machines+for+Cairo+Metro+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F10%2F13%2Ffrench-company-to-supply-ticket-vending-machines-for-cairo-metro%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\/13\/french-company-to-supply-ticket-vending-machines-for-cairo-metro\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-575390\" class=\"content-area-description single-story post-575390 post type-post status-publish format-standard hentry category-automotive-transportation tag-automotive-transportation tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Revenue Collection Systems France was awarded a contract by the National Authority For Tunnels to supply and install ticket vending machines in Cairo Metro stations, <a href=\"https:\/\/alborsaanews.com\/2020\/10\/12\/1390325\">the local press reports<\/a>. The contract will cost NAT EUR 3.5 mn for a foreign-demoninatned component and a EGP 5.8 bn local component.<\/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\/automotive-transportation\/\">Automotive + Transportation<\/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=\"575391\" 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=\"575391\">\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\">Other Business News of Note<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/13\/whos-in-the-market-for-debt-4\/\">\r\n                            Who\u2019s in the market for debt?                        <\/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\/13\/whos-in-the-market-for-debt-4\/\" 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\/13\/whos-in-the-market-for-debt-4\/')\">\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\/13\/whos-in-the-market-for-debt-4\/\">\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=Who\u2019s in the market for debt?&url=https:\/\/enterpriseam.com\/egypt\/2020\/10\/13\/whos-in-the-market-for-debt-4\/\">\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\/13\/whos-in-the-market-for-debt-4\/&title=Who\u2019s in the market for debt?\">\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=Who%E2%80%99s+in+the+market+for+debt%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F10%2F13%2Fwhos-in-the-market-for-debt-4%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\/13\/whos-in-the-market-for-debt-4\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-575391\" class=\"content-area-description single-story post-575391 post type-post status-publish format-standard hentry category-other-business-news-of-note tag-enterpriseam tag-finance tag-other-business-news-of-note tag-smes wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Arabia Investments leasing subsidiary UE Finance is negotiating with the Saudi Development Fund on the terms of a EGP 50 mn loan to on-lend to SMEs and micro businesses, <a href=\"https:\/\/bit.ly\/3dfGNWt\">the local press<\/a> reports. The company is targeting EGP 300 mn in financing for the coming period.<\/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\/finance\/\">Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/other-business-news-of-note\/\">Other Business News of Note<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/smes\/\">SMEs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"575392\" 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=\"575392\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">14<\/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\/13\/casting-of-israeli-actress-gal-gadot-as-cleopatra-sparks-controversy\/\">\r\n                            Casting of Israeli actress Gal Gadot as Cleopatra sparks controversy                        <\/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\/13\/casting-of-israeli-actress-gal-gadot-as-cleopatra-sparks-controversy\/\" 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\/13\/casting-of-israeli-actress-gal-gadot-as-cleopatra-sparks-controversy\/')\">\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\/13\/casting-of-israeli-actress-gal-gadot-as-cleopatra-sparks-controversy\/\">\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=Casting of Israeli actress Gal Gadot as Cleopatra sparks controversy&url=https:\/\/enterpriseam.com\/egypt\/2020\/10\/13\/casting-of-israeli-actress-gal-gadot-as-cleopatra-sparks-controversy\/\">\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\/13\/casting-of-israeli-actress-gal-gadot-as-cleopatra-sparks-controversy\/&title=Casting of Israeli actress Gal Gadot as Cleopatra sparks controversy\">\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=Casting+of+Israeli+actress+Gal+Gadot+as+Cleopatra+sparks+controversy+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F10%2F13%2Fcasting-of-israeli-actress-gal-gadot-as-cleopatra-sparks-controversy%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\/13\/casting-of-israeli-actress-gal-gadot-as-cleopatra-sparks-controversy\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-575392\" class=\"content-area-description single-story post-575392 post type-post status-publish format-standard hentry category-on-your-way-out tag-cleopatra tag-enterpriseam tag-israel wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Gal Gadot\u2019s casting as Cleopatra in an upcoming Paramount film is <\/strong><strong>sparking controversy online<\/strong>, with some claiming that an Arab or African should have been handed the role, according to the <a href=\"https:\/\/www.timesofisrael.com\/gal-gadot-to-star-as-cleopatra-sparking-outcry-as-israeli-cast-as-queen-of-egypt\/\">Times of Israel<\/a>. Others, including the screenplay author, argued that the Queen of Egypt was neither Arab nor Black, but rather of Macedonian Greek ancestry.<\/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\/cleopatra\/\">Cleopatra<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/israel\/\">Israel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"575393\" 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=\"575393\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">15<\/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\/13\/the-market-yesterday-187\/\">\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\/13\/the-market-yesterday-187\/\" 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\/13\/the-market-yesterday-187\/')\">\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\/13\/the-market-yesterday-187\/\">\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\/13\/the-market-yesterday-187\/\">\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\/13\/the-market-yesterday-187\/&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%2F13%2Fthe-market-yesterday-187%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\/13\/the-market-yesterday-187\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-575393\" class=\"content-area-description single-story post-575393 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><span style=\"font-weight: bold;color: #696969;\">Powered by<\/span><\/p>\n<p><a href=\"https:\/\/pharoslive.com\/\"><img data-recalc-dims=\"1\" decoding=\"async\" alt=\"Pharos Holding - https:\/\/pharoslive.com\/\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/pharoslive-logo.png?ssl=1\" style=\"display: inline-block;\" \/><\/a><\/p>\n<p><strong>EGP \/ USD CBE market average: <\/strong>Buy 15.64 | Sell 15.74<\/p>\n<p> <strong>EGP \/ USD at CIB:<\/strong> Buy 15.63 | Sell 15.73<br \/>\n <strong>EGP \/ USD at NBE: <\/strong>Buy 15.65 | Sell 15.75<\/p>\n<p><strong>EGX30<\/strong> (Monday): 11,398 (+0.3%)<br \/>\n <strong>Turnover:<\/strong> EGP 1.5 bn (33% above the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: -18.4%<\/p>\n<p><strong>THE MARKET ON MONDAY:<\/strong> The EGX30 ended Monday\u2019s session up 0.3%. CIB, the index\u2019s heaviest constituent was flat. EGX30\u2019s top performing constituents were Heliopolis Housing up 3.6%, CIRA up 2.7%, and Elsewedy Electric up 2.7%. Yesterday\u2019s worst performing stocks were Madinet Nasr Housing down 3.1%, Ezz Steel down 1.3% and Orascom Development down 1.2%. The market turnover was EGP 1.5 bn, and domestic investors were the sole net sellers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Long | EGP +33.9 mn<br \/>\n <strong>Regional<\/strong>: Net Long | EGP +23.9 mn<br \/>\n <strong>Domestic<\/strong>: Net Short | EGP -57.8 mn<\/p>\n<p><strong>Retail<\/strong>: 72.3% of total trades | 74.0% of buyers | 70.6% of sellers<br \/>\n <strong>Institutions<\/strong>: 27.7% of total trades | 26.0% of buyers | 29.4% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 39.50 (+0.18%)<br \/>\n <strong>Brent:<\/strong> USD 41.72 (-2.64%)<\/p>\n<p><strong>Natural Gas:<\/strong> (Nymex, futures prices) USD 2.85 MMBtu (-1.18%, November 2020 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,928.60 \/ troy ounce (-0.02%)<\/p>\n<p><strong>TASI:<\/strong> 8,544.94 (+0.37%) (YTD: +1.86%)<br \/>\n <strong>ADX:<\/strong> 4,532.82 (+0.89%) (YTD: -10.70%)<br \/>\n <strong>DFM:<\/strong> 2,234.83 (+0.51%) (YTD: -19.17%)<br \/>\n <strong>KSE Premier Market:<\/strong> 6,439.04 (+0.08%)<br \/>\n <strong>QE:<\/strong> 10,056.95 (+0.56%) (YTD: -3.54%)<br \/>\n <strong>MSM:<\/strong> 3,584.22 (-0.18%) (YTD: -9.97%)<br \/>\n <strong>BB: <\/strong>1,478.51 (+0.40%) (YTD: -8.18%)<\/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=\"575394\" 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\/13\/575394\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-575394\" class=\"content-area-description single-story post-575394 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>10-15 October (Saturday-Thursday): <a href=\"http:\/\/turathna.eg\/en\/event\/turathna-2020\">Turathna 2020<\/a> exhibition for traditional handicrafts, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>11-12 October (Sunday-Monday): <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/3\/12\/388014\/Business\/Economy\/Egypt-to-host-th-round-of-medical-insurance,-healt.aspx\">Regional Forum for Medical Insurance and Healthcare<\/a>, Cairo, Egypt.<\/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>12-18 October (Monday-Sunday): 2020 Virtual Annual Meetings of the International Monetary Fund and the World Bank Group.<\/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): A court will hold <a href=\"https:\/\/www.egx.com.eg\/downloads\/News\/%d8%a8%d9%8a%d8%a7%d9%86%20%d9%82%d8%b6%d9%8a%d8%a9%202%20%d8%b9%d8%a7%d9%85%d8%b1%2004-10-2020.pdf\">a postponed hearing<\/a> to look into <a href=\"https:\/\/www.arabfinance.com\/en\/news\/details\/egypt-companies\/471891\">an unpaid claims lawsuit<\/a> by Syria\u2019s Antradous against Mansour Amer\u2019s Amer Group and Porto Group.<\/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 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>5 December (Saturday): A court will hold <a href=\"https:\/\/www.egx.com.eg\/downloads\/News\/%d8%a8%d9%8a%d8%a7%d9%86%20%d9%82%d8%b6%d9%8a%d8%a9%201%20%d8%b9%d8%a7%d9%85%d8%b1%20%d8%ac%d8%b1%d9%88%d8%a8%2004-10-2020.pdf\">a postponed hearing<\/a> to look into an appeal by Syria\u2019s Anataradous against an <a href=\"https:\/\/www.arabfinance.com\/en\/news\/details\/egypt-companies\/475194\">arbitration ruling<\/a> in favor of Amer Group and Amer Syria.<\/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>25-29 January 2021 (Monday-Friday): The World Economic Forum\u2019s \u201cDavos Dialogues\u201d will take place virtually.<\/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>18-21 May 2021 (Tuesday-Friday): The World Economic Forum\u2019s annual meeting will be held under the theme of \u201cThe Great Reset\u201d in Lucerne-B\u00fcrgenstock, Switzerland<\/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":575356,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-575355","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"a39c206b-c3a5-4676-9022-681819bc11a6","teaser":"","photo_url":"https:\/\/ent.news\/2020\/10\/121.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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