{"id":575405,"date":"2020-10-14T04:16:21","date_gmt":"2020-10-14T04:16:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=575405"},"modified":"2025-12-16T10:15:43","modified_gmt":"2025-12-16T10:15:43","slug":"no-lockdown-if-theres-a-second-wave-health-minister","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/no-lockdown-if-theres-a-second-wave-health-minister\/","title":{"rendered":"No lockdown if there\u2019s a second wave &ndash;Health minister"},"content":{"rendered":"<section id=\"575407\" 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=\"575407\">\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\/14\/what-were-tracking-on-14-october-2020\/\">\r\n                            What we\u2019re tracking on 14 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\/14\/what-were-tracking-on-14-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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The big news of the day: We may still face a <\/strong><strong>second wave of covid-19, but we\u2019re not going back into lockdown<\/strong>, according to Health Minister Hala Zayed, who spoke at a regional World Health Organization meeting yesterday (<a href=\"https:\/\/bit.ly\/2GMSJ6l\">watch, runtime: 1:08:26<\/a>). The government plans to respond instead to clusters or specific areas that see surges in case numbers, the minister said. Officials will also leave in place (and presumably tune up or down) measures designed to slow the spread of the virus, including capacity limits on restaurants and the like.<\/p><p><strong>A little covid distraction for you: Expect TV with less violence and less seekoseeko <\/strong>as production resumes on big-name shows that hope to return to your small screen in 2021, among them Stranger Things, Bosch, Succession, the Morning Show and Grey\u2019s Anatomy (which is apparently in its ten-thousandth season?). <a href=\"https:\/\/www.wsj.com\/articles\/tv-production-covid-makeover-hollywood-11602614629?mod=hp_lead_pos10\">This piece from the WSJ has you covered<\/a>. And while we have your attention: If you\u2019re a big fan of TV and think about things like social mobility, this is one of the best meditations on the small screen we\u2019ve ever read: <a href=\"https:\/\/www.nytimes.com\/2020\/10\/10\/opinion\/sunday\/television-culture.html\">Everything know about elite America I learned from \u201cFresh Prince\u201d and \u201cWest Wing.\u201d<\/a><\/p><p><strong>We now have a full Senate ahead of next Sunday\u2019s<\/strong><strong> inaugural session<\/strong>, after President Abdel Fattah El Sisi named the final 100 members by presidential appointment. Nationwide elections held in <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/21f7f46b-d372-487a-b1f1-fded81d0762f\">August<\/a> and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/331772bb-8af5-4623-a4dd-7b568a447361\">September<\/a> saw 200 representatives elected.<\/p><p><strong>Among the most prominent figures El Sisi selected: <\/strong>Well-known attorney <strong>Hani Sarie Eldin<\/strong>, El Wafd Party chairman <strong>Bahaa Abu Shouka,<\/strong> journalist, PR man, talk show host and former MP <strong>Mohamed Sherdy<\/strong>, AMAY Chairman <strong>Abdel Moneim Said<\/strong>, and veteran actor <strong>Yehia El Fakharany<\/strong>. More of the appointments are available on <a href=\"https:\/\/bit.ly\/3lHzbid\">Al Masry Al Youm<\/a>.<\/p><p><strong>TODAY IN ESG: P&amp;G is under fire from investors including BlackRock<\/strong>, which backed an \u201cunusually big investor rebellion\u201d and voted in favor of a shareholder resolution that took aim at how the multinational giant \u201cuses palm oil and forest pulp in products including Bounty paper towels and Charmin toilet paper.\u201d The <a href=\"https:\/\/www.ft.com\/content\/1dd92502-e95b-4c21-be1c-c18a598acf1a\">Financial Times<\/a> has the full story.<\/p><p><strong>** MUST READ- This morning\u2019s Hard Hat<\/strong>, presented in association with Orascom Construction, which brings to life the government\u2019s plans to give the Giza Pyramids Plateau a makeover as part of Egypt\u2019s tourism revival strategy. In part 1 of this two-part series, we look at what the overhaul entails \u2014 and what we can expect once it\u2019s complete. We want a time machine to visit the final product \u2014 it\u2019s that interesting.<\/p><hr class=\"grey-line\"><p><strong>The <\/strong><strong><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/photos\/a.825570437621323\/1747119342133090\">Health Ministry<\/a><\/strong><strong> reported 139 new covid-19 infections yesterday<\/strong>, up from 132 the day before. Egypt has now disclosed a total of 104,787 confirmed cases of covid-19. The ministry also reported 9 new deaths, bringing the country\u2019s total death toll to 6,071. We now have a total of 97,841 confirmed cases that have fully recovered.<\/p><p><strong>The country now has 600 hospitals equipped to handle covid-19<\/strong>, some of which were recently upgraded, Health Minister Hala Zayed said. These include an \u201cextensive network\u201d of chest and fever hospitals, Health Ministry spokesperson Khaled Megahed told Yahduth fi Misr\u2019s Sherif Amer yesterday (<a href=\"https:\/\/www.youtube.com\/watch?v=iRoOtiONV5k\">watch, runtime: 3:55<\/a>). Meanwhile, Egypt also now has 61 testing labs that can handle 30k samples a day \u2014 and within a week, we could have 81 labs ready to process a combined 50k samples per day, Zayed said. The minister also noted that some 56% of Egypt\u2019s reported deaths from covid-19 were patients with chronic illnesses, and that those with chronic conditions or immunodeficiency, the elderly, and pregnant women will be prioritized when Egypt secures a vaccine.<\/p><p><strong>Saudi Airlines will resume flights between Jeddah, Cairo and Alexandria<\/strong><strong> tomorrow<\/strong>, according to <a href=\"https:\/\/twitter.com\/Saudi_Airlines\/status\/1315955738154602496\/photo\/4\">a statement<\/a>.<\/p><p><strong>The CIB Foundation will be covering EGP 10 mn in expenses for 100 open heart <\/strong><strong>surgeries<\/strong> at the <a href=\"https:\/\/web.facebook.com\/alnashospitaleg\/?_rdc=1&amp;_rdr\">Al Nas<\/a> children\u2019s hospital as part of an agreement with the medical institution, according to <a href=\"https:\/\/ent.news\/2020\/10\/%D8%AA%D9%88%D9%82%D9%8A%D8%B9-%D8%A8%D8%B1%D9%88%D8%AA%D9%88%D9%83%D9%88%D9%84-%D8%AA%D8%B9%D8%A7%D9%88%D9%86-%D8%A8%D9%8A%D9%86-%D9%85%D9%88%D9%94%D8%B3%D8%B3%D8%A9-%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D8%AA%D8%AC%D8%A7%D8%B1%D9%8A-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A-CIB-%D9%88-%D9%85%D8%B3%D8%AA%D8%B4%D9%81%D9%89-%D8%A7%D9%84%D9%86%D8%A7%D8%B3-%D9%84%D9%84%D8%A7%D9%94%D8%B7%D9%81%D8%A7%D9%84-1.pdf\">a CIB Foundation statement (pdf)<\/a>.<\/p><p><strong>European governments are tightening restrictions after infection numbers jumped by <\/strong><strong>34% last week to hit new record highs<\/strong>, the <a href=\"https:\/\/apnews.com\/article\/virus-outbreak-pandemics-geneva-france-europe-40521fb6080e35bc4aae4144bf3652bc\">Associated Press<\/a> reports. Stopping short of returning to nationwide lockdowns, Italy, France, and the UK have restricted gatherings and put limits on the opening times of restaurants and bars. The measures come as the EU <strong>produced <\/strong><strong><a href=\"https:\/\/reopen.europa.eu\/en\/map\/AUT\/2002\">a map with color codes<\/a><\/strong><strong> differentiating areas<\/strong> <strong>based on risk <\/strong>that will help determine who has to quarantine when moving from zone to zone.<\/p><p class=\"web-image stand-out-borderless\"><a href=\"https:\/\/somabay.com\/\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/SOMA-ENTERPRISE2.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p><p><strong>WORLD ENERGY OUTLOOK- Global energy demand is on track to reach its lowest levels of growth since the <\/strong><strong>Great Depression<\/strong> as \u201chopes for a rapid halt to the global spread of the coronavirus and its economic fallout have dissipated,\u201d the International Energy Agency (IEA) said in its <a href=\"https:\/\/www.iea.org\/reports\/world-energy-outlook-2020\">World Energy Outloo<\/a><a href=\"https:\/\/www.iea.org\/reports\/world-energy-outlook-2020\">k<\/a>. After projecting 12% growth in demand between 2019 and 2030 prior to the pandemic, the organization is now forecasting growth of 9% as a base case scenario and 4% if recovery from the virus is more protracted than expected. In either case, the group is expecting \u201c<strong>oil demand growth will come to an end in the next 10 years<\/strong>,\u201d IEA chief Fatih Birol <a href=\"https:\/\/www.ft.com\/content\/1b9d85d5-f9fa-4507-8c3a-bc8b59ee4112\">told the FT<\/a>. The IEA\u2019s forecast comes a month after <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1381978c-a73d-475d-b53c-7791e7bd8242\">BP suggested<\/a> that the pandemic may have pushed us past peak demand, possibly leaving the industry facing a terminal decline in the years ahead.<\/p><p><strong>Moody\u2019s has downgraded Dubai education outfit GEMS\u2019 credit rating<\/strong>, citing the \u201cnegative effects of the coronavirus pandemic on the economic environment in the UAE, and in Dubai in particular,\u201d <a href=\"https:\/\/www.moodys.com\/research\/Moodys-downgrades-GEMS-ratings-to-B3-stable-outlook--PR_434278\">the ratings agency said<\/a> yesterday. The Middle East\u2019s largest private education provider is facing lower revenues as the number of foreign students falls and parents with children under five postpone entry, Moody\u2019s said. GEMS <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/38bd640b-a3e0-405a-a0b0-09de49d30924\">said in August<\/a> it would invest EGP 1 bn to add four additional schools to its Egypt portfolio.<\/p><p><strong>The EU can impose tariffs on USD 4 bn of US goods<\/strong> in response to subsidies given to Boeing after being given the green light from the World Trade Organization yesterday, <a href=\"https:\/\/www.reuters.com\/article\/us-wto-aircraft\/eu-to-win-right-to-tariffs-on-4-billion-in-u-s-goods-in-wto-boeing-case-idUSKBN26Y0XV\">Reuters<\/a> reports. The EU could now move to impose tariffs on a range of goods including wine, spirits, suitcases, tractors, frozen fish, as well as agricultural produce.<\/p><p><strong>3Q earnings season kicked off in the US of A yesterday<\/strong> and the titans of finance are doing okay even as the rest of the economy smolders: <strong><a href=\"https:\/\/institute.jpmorganchase.com\/content\/dam\/jpmc\/jpmorgan-chase-and-co\/investor-relations\/documents\/quarterly-earnings\/2020\/3rd-quarter\/853d4e76-cb08-43b6-8f59-bc8ddd5ed8a8.pdf\">JPMorgan Chase<\/a><\/strong><strong> saw 4% growth in 3Q profits <\/strong>as it booked much lower provisions, while fund manager <strong><a href=\"https:\/\/s24.q4cdn.com\/856567660\/files\/doc_financials\/2020\/Q3\/BLK-3Q20-Earnings-Release.pdf\">BlackRock<\/a><\/strong> saw net income grow 27%.<\/p><hr class=\"grey-line\"><p><strong>US ELECTION WATCH- Investors are banking on a \u201cblue wave\u201d sweeping the <\/strong><strong>Republicans out of the White House and Congress:<\/strong> US investors have swarmed to small-caps this month \u2014 which had been underperforming compared to large-caps \u2014 in preparation for a dominant Democratic victory in next month\u2019s presidential election, according to <a href=\"https:\/\/www.ft.com\/content\/26126f76-8ec8-4023-b778-49fc0814c897\">the Financial Times<\/a>. Trump\u2019s chances of reelection seem to have tanked following a historically-bad debate performance and the coronavirus outbreak in the White House, with the Biden campaign this month opening up a huge 10-point lead this month according to <a href=\"https:\/\/www.realclearpolitics.com\/epolls\/2020\/president\/us\/general_election_trump_vs_biden-6247.html\">polling averages<\/a>. <a href=\"https:\/\/www.reuters.com\/article\/us-usa-election-battlegrounds-poll\/reuters-ipsos-poll-shows-biden-ahead-of-trump-in-michigan-tied-in-north-carolina-idUSKBN26Y2WK?il=0\">A Reuters-Ipsos poll<\/a> shows the Democratic candidate is well ahead of Trump in Michigan, and the two are tied in North Carolina. In response, investors moving out of safer assets for small-caps in anticipation of a big fiscal package passed by a Democratic congressional majority and Joe Biden presidency.<\/p><hr class=\"grey-line\"><p><strong>If 2020 has taught us anything, it\u2019s that a little kindness goes a long way. Enter new <\/strong><strong>charity app Rahma Initiative: <\/strong>Homegrown Egyptian app <a href=\"https:\/\/www.instagram.com\/rahma.initiative\/?igshid=1ttvwfk2v5x12\">Rahma<\/a> <a href=\"https:\/\/www.instagram.com\/rahma.initiative\/?igshid=1ttvwfk2v5x12\">Initiative<\/a> is set to launch shortly, and aims to raise the profile of charitable causes, share facts and stories, and simplify the donation process. We know the folks behind Rahma, and they\u2019re legit \u2014 <strong><a href=\"https:\/\/www.instagram.com\/rahma.initiative\/?igshid=1ttvwfk2v5x12\">this one is worth checking out on the IG.<\/a><\/strong><\/p><p><strong>The iPhone 12 has arrived, and it\u2019s packed with stuff photographers will like \u2014 but the <\/strong><strong>real crowd pleasers will be the snap-on accessories and wireless charging. <\/strong>The tentpole for the announcement was 5G, but given we here in Egypt have heard \u2026 exactly nothing about 5G in the past five years? It\u2019s all about the accessories (and the four different sizes), folks. The Verge has a rundown on the <a href=\"https:\/\/www.theverge.com\/2020\/10\/13\/21508028\/apple-iphone-12-pro-max-homepod-mini-event-recap-biggest-announcements\">seven biggest announcements from last night<\/a> (spoiler alert: no tags, no new Mac running Apple silicon), the WSJ\u2019s Joanna Stern helps you sort out <a href=\"https:\/\/www.wsj.com\/articles\/iphone-12-vs-iphone-11-vs-iphone-xr-vs-iphone-se-comparing-apples-full-lineup-11602626294?mod=hp_lista_pos2\">which of the four sizes is for you<\/a> and the paper\u2019s Nicole Nguyenhas <a href=\"https:\/\/www.wsj.com\/articles\/apples-iphone-12-first-impressions-of-the-12-12-pro-12-pro-max-and-12-mini-11602629535?mod=hp_lista_pos3\">a first impressions piece.<\/a> The front pages of <a href=\"https:\/\/9to5mac.com\">9to5Mac<\/a> and <a href=\"https:\/\/www.macrumors.com\">MacRumors<\/a> are wall-to-wall coverage this morning.<\/p><p><strong>Photography nerds will be waiting today to see what Nikon is stuffing inside the <\/strong><strong>refreshes of its Z6 and Z7 models<\/strong>, which look (nearly) physically identical to their predecessors, and Fujifilm is also expected to announce a new midrange camera this week.<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/donald-trump\/\">Donald Trump<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/dubai\/\">Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a 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href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/14\/last-nights-talk-shows-imfs-gdp-growth-forecast-for-egypt-no-lockdown-plans\/\">\r\n                            Last night\u2019s talk shows: IMF\u2019s GDP growth forecast for Egypt + no lockdown plans                        <\/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\/14\/last-nights-talk-shows-imfs-gdp-growth-forecast-for-egypt-no-lockdown-plans\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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        <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-575409\" class=\"content-area-description single-story post-575409 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-covid-19 tag-enterprise-last-nights-talk-shows tag-enterpriseam tag-gdp tag-hala-zayed tag-imf tag-rania-al-mashat wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The talking heads had plenty to mull yesterday thanks to an active news cycle<\/strong>, but no single story dominated the conversation.<\/p>\n<p><strong>The IMF\u2019s upwards revision of its forecast for Egypt\u2019s GDP growth in the World Economic Outlook<\/strong>, which was released yesterday, earned airtime on Kelma Akhira (<a href=\"https:\/\/www.youtube.com\/watch?v=zgdqf55oAGU&t=34s\">watch, runtime: 1:42<\/a>) and Masaa DMC (<a href=\"https:\/\/www.youtube.com\/watch?v=3yJih52UceU\">watch, runtime: 2:30<\/a>). We have chapter and verse on the report in this morning\u2019s Speed Round, below.<\/p>\n<p><strong>Egypt being the Middle Eastern economy whose economy will grow this year <\/strong>was a focal point of International Cooperation Minister Rania Al Mashat\u2019s speech at the G24 Ministers and Governors Meeting yesterday during the IMF and World Bank\u2019s annual meetings. Our ability to eke out growth is largely thanks to large-scale infrastructure projects, including those with private sector participation, in electricity, renewable energy, water desalination, and social housing, Al Mashat told Yahduth fi Misr\u2019s Sherif Amer. Meanwhile, on the funding side, Al Mashat called on international institutions to diversify their financing tools to give countries the support they need to recover from the pandemic (<a href=\"https:\/\/www.youtube.com\/watch?v=PeMSpSxrfBw\">watch, runtime: 13:23<\/a>). We also have more on Al Mashat\u2019s participation in yesterday\u2019s meeting in this morning\u2019s Speed Round, below.<\/p>\n<p><strong>On the covid-19 front<\/strong>, Kelma Akhira\u2019s Lamees El Hadidi took note of Health Minister Hala Zayed saying yesterday that Egypt will not return to a lockdown if cases begin to spike again (<a href=\"https:\/\/www.youtube.com\/watch?v=ASF6D0pKAlw\">watch, runtime: 2:02<\/a>). We have more on the story and Zayed\u2019s other remarks at the WHO Regional Committee meeting for the Eastern Mediterranean Region in What We\u2019re Tracking Today, above.<\/p>\n<p><strong>We still don\u2019t have an ETA for the Chinese-developed vaccine<\/strong>, which is currently in phase three clinical trials in Egypt, advisor to the Health Minister Noha Assem told Lamees (<a href=\"https:\/\/www.youtube.com\/watch?v=IJPOCGlWaTM&t=83s\">watch, runtime: 7:33<\/a>). Once the trials are complete, Egypt plans to begin producing the vaccine as soon as the full trials are complete and the vaccine is proven effective, Assem said (<a href=\"https:\/\/www.youtube.com\/watch?v=-iWTpUAGivE\">watch, runtime: 1:45<\/a>).<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-last-nights-talk-shows\/\">Enterprise+: Last Night\u2019s Talk Shows<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gdp\/\">GDP<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hala-zayed\/\">Hala Zayed<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/imf\/\">IMF<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/rania-al-mashat\/\">Rania Al Mashat<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"575410\" 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=\"575410\">\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\/14\/imf-warns-of-long-protracted-recovery-as-it-eases-global-recession-forecast\/\">\r\n                            IMF warns of long, protracted recovery as it eases global recession forecast                        <\/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\/14\/imf-warns-of-long-protracted-recovery-as-it-eases-global-recession-forecast\/\" 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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Launching the report titled \u201c<strong>A long and difficult ascent<\/strong>,\u201d the fund\u2019s chief economist Gita Golpinath warned that the economic recovery will be \u201clong, uneven and uncertain\u201d as the pandemic continues to spread and countries begin to reintroduce lockdown measures. Many countries will see \u201clasting damage\u201d to output, inflicting a \u201cmajor setback\u201d to living standards, she said, adding that the process of transferring workers from sectors at risk of long-term decline such as travel to growing industries like digital technology will require significant policy support.<\/p>\n<p><strong>The IMF has downgraded its outlook for 2021<\/strong>, saying it sees the global economy growing 5.2% and not the 5.4% it had previously forecast due to expectations that some restrictions on movement and social distancing may remain in place well into next year. The global economy experienced a \u201cstrong rebound in the third quarter, but slowing momentum entering the fourth quarter\u201d as new infections rose across many developed economies, the report says.<\/p>\n<p><strong>The G20 group of countries, meanwhile, are expected to come out with statements today saying that the outlook for the global economy is less negative<\/strong>, according to a draft statement seen by <a href=\"https:\/\/www.reuters.com\/article\/us-imf-worldbank-g20\/g20-to-say-economic-outlook-less-negative-vow-to-sustain-strengthen-support-if-needed-idUSKBN26Y2LT?il=0\">Reuters<\/a>. Steps taken to stimulate a recovery have paid off, and that the G20 is prepared to help if needed, reads the statement. Financial leaders from the world's top 20 economies will hold a meeting of finance ministers and central bankers virtually today to discuss pressing challenges as the pandemic will cause an output contraction this year.<\/p>\n<p><strong>How is Egypt faring in all of this? The IMF upgraded its growth projections for Omm El Donia to 3.5% this year<\/strong> from its 2% forecast in June. It left its 2021 forecast for 2.8% growth unchanged but sees output rising at a 5.8% clip by 2025.<\/p>\n<p><strong>Egypt is one of just three Middle East and Central Asia economies that won\u2019t shrink this year<\/strong>. On the flipside, the IMF sees the country\u2019s current account deficit widening to 4.2% of GDP in 2021 from 3.2% this year, and lists Egypt among several countries that are particularly vulnerable to a decline in remittance flows. It also predicts the unemployment rate to rise to 9.7% next year from 8.6% in 2019.<\/p>\n<p><strong>Emerging economies will lead global growth next year:<\/strong> Emerging economies are likely to contract 3.3% this year, a 0.2% downgrade from what the fund had projected in June, but this will be followed by 6% growth in 2021. This is above 2021 global growth forecasts and markedly higher than the 3.9% growth the fund is projecting for advanced economies. The hit to tourism, remittances and foreign debt hangs a dark cloud over emerging markets, the prospects for which \u201cremain precarious,\u201d the report said.<\/p>\n<p><strong>Governments across the world are going to have to step it up in the months ahead:<\/strong> Direct income support to those who\u2019ve seen lost wages and unemployment insurance are some of the measures the IMF is recommending to help cushion declining spending. In terms of monetary policy the IMF is urging central banks in emerging markets that \u201claunch asset purchases to communicate clearly the objectives of the program and its consistency with price stability objectives\u201d to reduce the potential for inflation and capital flight.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/imf\/\">IMF<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/speed-round\/\">SPEED ROUND<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-economic-outlook\/\">World Economic Outlook<\/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=\"575426\" 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=\"575426\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/14\/575426\/\">\r\n                                                    <\/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\/14\/575426\/\" 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\/14\/575426\/')\">\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\/14\/575426\/\">\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=&url=https:\/\/enterpriseam.com\/egypt\/2020\/10\/14\/575426\/\">\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\/14\/575426\/&title=\">\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=+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F10%2F14%2F575426%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\/14\/575426\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-575426\" class=\"content-area-description single-story post-575426 post type-post status-publish format-standard hentry category-egypt-in-the-news wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>It\u2019s crickets for Egypt in the pages of the international press this morning. <\/strong>Rejoice, and move along.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"575427\" 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=\"575427\">\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\/14\/creating-an-authentic-brand-with-zooba-ceo-chris-khalifa\/\">\r\n                            Creating an authentic brand with Zooba CEO Chris Khalifa                        <\/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\/14\/creating-an-authentic-brand-with-zooba-ceo-chris-khalifa\/\" 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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With a franchise agreement in the GCC and a successful outpost in New York City \u2014 not to mention seven local branches in Egypt \u2014 this strategy proved successful.<\/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\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\/making-it\/\">Making It<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/podcast\/\">podcast<\/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=\"575432\" 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=\"575432\">\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\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/14\/the-market-yesterday-188\/\">\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\/14\/the-market-yesterday-188\/\" 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\/14\/the-market-yesterday-188\/')\">\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\/14\/the-market-yesterday-188\/\">\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\/14\/the-market-yesterday-188\/\">\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\/14\/the-market-yesterday-188\/&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%2F14%2Fthe-market-yesterday-188%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\/14\/the-market-yesterday-188\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-575432\" class=\"content-area-description single-story post-575432 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> (Tuesday): 11,291 (-1.0%)<br \/>\n <strong>Turnover:<\/strong> EGP 1.5 bn (33% above the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: -19.1%<\/p>\n<p><strong>THE MARKET ON TUESDAY:<\/strong> The EGX30 ended Tuesday\u2019s session down 1.0%. CIB, the index\u2019s heaviest constituent, ended down 0.5%. EGX30\u2019s top performing constituents were CIRA up 1.0%, Pioneers Holding up 0.2%, and Eastern Company up 0.1%. Yesterday\u2019s worst performing stocks were Heliopolis Housing down 4.3%, Sidi Kerir Petrochemicals down 3.6% and AMOC down 2.9%. The market turnover was EGP 1.5 bn, and foreign investors were the sole net sellers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Short | EGP -25.9 mn<br \/>\n <strong>Regional<\/strong>: Net Long | EGP +8.3 mn<br \/>\n <strong>Domestic<\/strong>: Net Long | EGP +17.6 mn<\/p>\n<p><strong>Retail<\/strong>: 78.5% of total trades | 81.9% of buyers | 75.1% of sellers<br \/>\n <strong>Institutions<\/strong>: 21.5% of total trades | 18.1% of buyers | 24.9% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 40.18 (+1.90%)<br \/>\n <strong>Brent:<\/strong> USD 42.40 (+1.63%)<\/p>\n<p><strong>Natural Gas:<\/strong> (Nymex, futures prices) USD 2.76 MMBtu, (-4.06%, November 2020 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,894.50 \/ troy ounce (-1.78%)<\/p>\n<p><strong>TASI:<\/strong> 8,601.07 (+0.66%) (YTD: +2.53%)<br \/>\n <strong>ADX:<\/strong> 4,545.18 (+0.27%) (YTD: -10.45%)<br \/>\n <strong>DFM:<\/strong> 2,237.36 (+0.11%) (YTD: -19.08%)<br \/>\n <strong>KSE Premier Market:<\/strong> 6,413.48 (-0.4%)<br \/>\n <strong>QE:<\/strong> 10,056.86 (0.00%) (YTD: -3.56%)<br \/>\n <strong>MSM:<\/strong> 3,594.65 (+0.29%) (YTD: -9.71%)<br \/>\n <strong>BB: <\/strong>1,482.23 (+0.25%) (YTD: -7.95%)<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-market-yesterday\/\">The Market Yesterday<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"575434\" 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\/14\/575434\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-575434\" class=\"content-area-description single-story post-575434 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): The newly-elected Senate <a href=\"https:\/\/bit.ly\/2So2I41\">will hold<\/a> its inaugural session.<\/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>22-25 November (Sunday-Wednesday): <a href=\"https:\/\/cairoict.com\/\">Cairo ICT 2020<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/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\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":575406,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-575405","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"6f855865-d4eb-423f-89a4-89394b4a9a75","teaser":"","photo_url":"https:\/\/ent.news\/2020\/10\/140.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>No lockdown if there\u2019s a second wave &ndash;Health minister - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/issues\/no-lockdown-if-theres-a-second-wave-health-minister\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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