{"id":576163,"date":"2020-11-12T03:58:28","date_gmt":"2020-11-12T03:58:28","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=576163"},"modified":"2025-12-16T10:42:49","modified_gmt":"2025-12-16T10:42:49","slug":"the-global-race-for-a-covid-19-vaccine-is-heating-up","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/the-global-race-for-a-covid-19-vaccine-is-heating-up\/","title":{"rendered":"The global race for a covid-19 vaccine is heating up"},"content":{"rendered":"<section id=\"576165\" 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=\"576165\">\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\/11\/12\/what-were-tracking-on-12-november-2020\/\">\r\n                            What we\u2019re tracking on 12 November 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\/11\/12\/what-were-tracking-on-12-november-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 trials have so far seen 16k participants injected with the first and second doses of the vaccine and another 20k have only received the first dose. A total of 20 participants who developed covid-19 were analyzed, far lower than the 94 infections in the Pfizer trial, which was <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/15251d8f-7d6f-4f5a-a6ea-054938e64a34\">earlier this week<\/a> announced <strong>to be 90% effective<\/strong>.<\/p><p><strong>Whether Sputnik V really is the front-running candidate<\/strong> \u2014 or whether a Kremlin apparatchik added a couple of percentage points just to stick it to Pfizer \u2014 <strong>remains to be seen.<\/strong><\/p><p><strong>But one area where Sputnik definitely has a leg up on Pfizer:<\/strong> <strong>we wouldn\u2019t need to set up <\/strong><strong>a global super-cold distribution chain just to get people the shots.<\/strong> To trigger an immune response, the Pfizer vaccine uses messenger RNA technology which has to be stored at -70C\u00b0 and used within five days of thawing (<a href=\"https:\/\/www.propublica.org\/article\/most-states-arent-ready-to-distribute-the-leading-covid-19-vaccine\">ProPublica<\/a> has more on this). Setting up these distribution networks is going to be an uphill battle even for the richest countries, leading <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-11-10\/deep-freeze-challenge-makes-pfizer-s-shot-a-vaccine-for-the-rich?sref=mmeFTDW1\">Bloomberg<\/a> to describe it as \u201cone for the rich.\u201d<\/p><p><strong>Russia\u2019s vaccine, which triggers an immune response via a different method, faces none <\/strong><strong>of these hurdles<\/strong>, and seems far more likely to be adopted in the developing world. Indeed, some 50 countries have already requested more than 1.2 bn doses of the vaccine, including Egypt, which has <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/929937e3-48cf-4b35-a353-bfdacfd80b6a\">an agreement to distribute the vaccine<\/a>, and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d24beb1e-66ee-4aab-8477-e4d6a6518e74\">has eyes on manufacturing it too<\/a>.<\/p><p><strong>Next up is China\u2019s Sinopharm<\/strong>, which <a href=\"https:\/\/www.reuters.com\/article\/idUSKBN27R1Q1\">yesterday said<\/a> that the clinical trials for its vaccine delivered \u201cbetter than expected\u201d results. What \u201cbetter than expected\u201d means exactly remains unclear as the company didn\u2019t release any figures or data.<\/p><p><strong>Egypt is getting ready to start manufacturing the vaccine at state-affiliated vaccine <\/strong><strong>manufacturer Vacsera<\/strong>, following the conclusion of local phase 3 trials of the two vaccines, Health Minister Hala Zayed <a href=\"https:\/\/www.cabinet.gov.eg\/arabic\/MediaCenter\/CabinetNews\/Pages\/%D8%A7%D8%AC%D8%AA%D9%85%D8%A7%D8%B9-%D9%85%D8%AC%D9%84%D8%B3-%D8%A7%D9%84%D9%88%D8%B2%D8%B1%D8%A7%D8%A1-%D8%B1%D9%82%D9%85-(117)-%D8%A8%D8%B1%D8%A6%D8%A7%D8%B3%D8%A9-%D8%A7%D9%84%D8%AF%D9%83%D8%AA%D9%88%D8%B1-%D9%85%D8%B5%D8%B7%D9%81%D9%89-%D9%85%D8%AF%D8%A8%D9%88%D9%84%D9%8A.aspx\">said at yesterday\u2019s weekly cabinet meeting<\/a>. Egypt has been one of three countries in the region to work with the company in trialling the vaccine, which is <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a27b5d55-bbf8-4913-ba83-0c0cb71a6312\">already being administered<\/a> to frontline health workers in the Gulf and in China.<\/p><p><strong>We\u2019ve lined up 50% of our covid-19 vaccine needs from Pfizer and AstraZeneca<\/strong>, with the Health Ministry so far securing enough doses of Pfizer\u2019s vaccine to cover some 20% of the population, in addition to vials of AstraZeneca\u2019s Oxford University-developed vaccine that would account for another 30% of the population, Minister Hala Zayed said, according to <a href=\"https:\/\/bit.ly\/3loCR98\">Youm7<\/a>.<\/p><hr class=\"grey-line\"><p><strong>It\u2019s interest rate day:<\/strong> The Central Bank of Egypt\u2019s Monetary Policy Committee will meet today to review interest rates. The consensus among analysts <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/70edd6ec-97e3-4897-a1a8-7d1a447555b3\">we polled earlier this week<\/a> is that rates will remain unchanged with an eye on the second wave of covid-19 infections and an uncertain global political climate.<\/p><p><strong>A World Bank delegation continues its 10-day visit to Cairo today.<\/strong> The delegation is in town for talks with the government, the International Cooperation Ministry said in <a href=\"https:\/\/bit.ly\/3eMJXld\">a statement<\/a>.<\/p><p><strong>Renaissance Capital\u2019s virtual conference on the 2021 outlook for emerging and frontier <\/strong><strong>markets wraps tomorrow.<\/strong> The conference includes macro updates on key countries and regions, as well as panel discussions on sectors in specific countries. Look today for a panel discussion on Egypt\u2019s fintech space with Fawry CEO Ashraf Sabry, Ebtikar CEO Ayman El Dessouky, Actis Partner Hossam Abou Moussa, and e-Finance subsidiary Khales CEO Moataz El Sayed. <a href=\"https:\/\/events.rencap.com\/25conference\/#11-Nov-2020\">Tap \/ click<\/a> here to stream the public sessions.<\/p><hr class=\"grey-line\"><p><strong>PSA: The Spanish <\/strong><strong><a href=\"https:\/\/www.ieb.es\/\">Institute for Stock Exchange Studies<\/a><\/strong><strong>\u2019 (EIB) masters degree in <\/strong><strong>financial markets will be made available to Egyptian students<\/strong> after it signed an agreement with the Financial Regulatory Authority\u2019s education arm to bring the program to Egypt, according to <a href=\"https:\/\/bit.ly\/32vtddg\">Mubasher<\/a>. The course will specialize in financial derivatives and will be taught at the Financial Services Institute\u2019s facility at the Smart Village. Students will travel to Spain for two weeks as part of the program.<\/p><p><strong>We\u2019re not entirely clear on when this thing will get off the ground<\/strong>, but IEB director-general Alvaro Martinez intimated that things could begin to move forward by next March, while Egypt\u2019s ambassador to Spain Omar Selim said that the first batch of students could travel to Madrid in 2022.<\/p><hr class=\"grey-line\"><p><strong>The Health Ministry <\/strong><strong><a href=\"https:\/\/bit.ly\/3plrv8g\">reported<\/a><\/strong><strong> 227 new covid-19 infections yesterday<\/strong>, down from 232 the day before. Egypt has now disclosed a total of 109,881 confirmed cases of covid-19. The ministry also reported 11 new deaths, bringing the country\u2019s total death toll to 6,405. We now have a total of 100,662 confirmed cases that have fully recovered.<\/p><p><strong>EgyptAir has slashed prices on flights between Cairo, London and New York.<\/strong> Passengers travelling direct to London between now and the end of May can get a 40% discount on flights until 30 November, while those heading to New York between 26 November and 28 February will see their fares cut by 20%, <a href=\"https:\/\/bit.ly\/38If1Sj\">Al Mal<\/a> reports.<\/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\/Mesca-Beach-Oct.-Approved-3.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p><p><strong>China is reining in its tech giants and share prices are plunging.<\/strong> New antitrust rules designed to curb the market power of Chinese Big Tech have caused tech stocks to shed over USD 250 bn in market value, a week after regulators <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a27b5d55-bbf8-4913-ba83-0c0cb71a6312\">halted Ant Group\u2019s USD 37 bn IPO<\/a>. In the latest sign the CCP is trying to rein in the country\u2019s powerful fintech monopolies, a regulator promised to step up scrutiny of their activities, sending the share prices of Tencent, Xiaomi, Meituan and others plunging. <a href=\"https:\/\/www.ft.com\/content\/25153489-1d3a-4ee3-8ab4-d1bdd613e023\">The Financial Times<\/a> and <a href=\"https:\/\/www.cnbc.com\/2020\/11\/11\/china-tech-giants-lost-250-billion-in-market-value-amid-potential-regulations.html\">CNBC<\/a> have the story.<\/p><p> <strong>EU banks are bracing for a slew of non-performing loans early next year <\/strong>after warnings from the Single Resolution Board, the EU agency responsible for overseeing lenders in crisis, to prepare balance sheets for covid-19 driven defaults, <a href=\"https:\/\/www.ft.com\/content\/3c6b4eb0-5b3d-4a37-87e5-d83da8de217d\">the FT<\/a> reports. European Commission vice president Valdis Dombrovski has warned that there could be a likely rise in bad loans during the first quarter of 2021 while the European Central Bank\u2019s top bank supervisor has called a scenario where NPLs outpace levels seen during the 2008 financial crisis \u201csevere but plausible.\u201d<\/p><hr class=\"grey-line\"><p><strong>Bahraini Prime Minister Khalifa bin Salman Al Khalifa<\/strong>, who served as Bahrain's premier <a href=\"https:\/\/edition.cnn.com\/2020\/11\/11\/middleeast\/bahrain-prime-minister-dies-intl\/index.html\">since the country\u2019s founding<\/a>, <strong>passed away yesterday at age 84.<\/strong> Egyptian Prime Minister Moustafa Madbouly expressed his condolences in <a href=\"https:\/\/bit.ly\/32x97iE\">a statement<\/a>.<\/p><p><strong>A bomb attack rocked a Remembrance Day ceremony in Saudi Arabia\u2019s Jeddah <\/strong>attended by foreign diplomats yesterday. A Greek and Saudi official were wounded, but there were no fatalities, the <a href=\"https:\/\/www.bbc.com\/news\/world-middle-east-54889545\">BBC<\/a>reports. The French, Greek, Italian, British and American embassies in the Kingdom issued a <a href=\"https:\/\/twitter.com\/FranceinKSA\/status\/1326503431855595520\/photo\/1\">joint statement<\/a> condemning the \u201ccowardly attack\u201d while Egypt\u2019s Foreign Ministry also issued a <a href=\"https:\/\/bit.ly\/2JZ7WlT\">condemnation<\/a> and wished the \u201cspeedy recovery of the injured.\u201d The perpetrators were not immediately identified.<\/p><p><strong>Libya\u2019s warring sides have agreed to hold national elections by mid 2022 in an effort to<\/strong><strong> maintain <\/strong><strong>the ceasefire agreement announced last month.<\/strong> UN acting envoy to Libya Stephanie Williams mediated the pact on the third day of talks between the internationally recognized government in Tripoli and the eastern-based Libyan National Army, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-11-11\/rivals-in-wartorn-libya-agree-on-path-to-elections-in-18-months?srnd=premium-middle-east&amp;sref=mmeFTDW1\">Bloomberg<\/a> reports.<\/p><hr class=\"grey-line\"><p><strong>Are you a finance novice?<\/strong> Catch up with our series of explainers:<\/p><ul>\n<li><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a6ab3251-641a-4e2c-aa00-6b8486d10c68\">SPACs<\/a><\/li>\n<li><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8eef3c40-2b12-4e25-a16b-fb8ee9063438\">PIPEs<\/a><\/li>\n<li><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1eb6d15c-55a3-4fd5-a26e-b11c728512b4\">The carry trade<\/a><\/li>\n<li><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/af19b743-236a-498a-9cf5-0c925dbb72e7\">The VIX<\/a><\/li>\n<li><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6604a04a-9370-42f1-a7a3-e3af5dfc0357\">Factoring<\/a><\/li>\n<li><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/05f7f7cc-94c9-42f1-b3f8-31265b8aa0c8\">The Basel Accords<\/a><\/li>\n<li><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e0efd6c8-588c-4219-adf4-6c3a3ea60795\">Corona bonds<\/a><\/li>\n<li><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/32ba4863-0863-403d-85e7-9732b18499b6\">Securitized bonds<\/a>.<\/li>\n<\/ul><p><strong>Got an idea for what we can cover next?<\/strong> We\u2019d love to hear from you. Drop us a line at editorial@enterprise.press.<\/p><p class=\"web-image\"><a href=\"https:\/\/bit.ly\/32BrUJL\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/11\/Ali-ElFakarany-Arqam-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p><p><strong>It\u2019s Making It Day: <\/strong>Today\u2019s guest grew a simple sports data blog into an essential service used by teams in the English Premier League, Germany\u2019s Bundesliga, and the MLS.<\/p><p><strong>Ali El Fakharany, CEO of Arqam FC:<\/strong> While studying in Boston, El Fakharany was introduced to the field of sports data through an MIT Sloan conference. With no previous experience in tech, he taught himself how to code and started a blog that analyzed data from the Egyptian Premier League.<\/p><p><strong>From local luxury to global essential service: <\/strong>In 2017, the blog became <a href=\"https:\/\/www.arqamfc.com\/\">Arqam FC<\/a>, a sports data company targeting the local football market. Despite not getting the business he hoped for locally, Arqam owned its own data collection center, which in 2019 prompted an <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/01eb05f6-736d-4c29-84ff-900e92155dc7\">acquisition by UK-based Statsbomb<\/a>. The share swap agreement retained the team and ElFakharany as head of data product.<\/p><p><strong>Owning the value chain<\/strong>: Under <a href=\"https:\/\/statsbomb.com\/\">Statsbomb<\/a>, Arqam went from a humble sports data company struggling in the local market to an essential service used by top tier European teams. This was made possible by owning the value chain of data collection and analysis, ElFakharany told us. The merger gave Statsbomb access to a low cost data collection center and talent based in Egypt, while Arqam could tap into the otherwise insular European football market through the Statsbomb network, he told us.<\/p><p><strong>You already have a <\/strong><strong><a href=\"https:\/\/apple.co\/3pk5Ayg\">podcast player<\/a><\/strong><strong> on your iPhone<\/strong>, or you can listen to the episode through <a href=\"https:\/\/bit.ly\/32BrUJL\">our website<\/a> (no download required). We\u2019re also on <a href=\"https:\/\/bit.ly\/3ncXBB5\">Google Podcasts<\/a> | <a href=\"https:\/\/bit.ly\/38yVBik\">Anghami<\/a> | <a href=\"https:\/\/bit.ly\/36tXAlB\">Omny<\/a>. Making It is on <a href=\"https:\/\/spoti.fi\/318pZMZ\">Spotify<\/a>, 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\/ali-elfakharany\/\">Ali ElFakharany<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/alibaba\/\">Alibaba<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/arqamfc\/\">ArqamFC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/bahrain\/\">Bahrain<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-regulatory-authority\/\">Financial Regulatory Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hong-kong\/\">Hong Kong<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/libya\/\">Libya<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/making-it\/\">Making It<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mostafa-madbouly\/\">Mostafa Madbouly<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/russia\/\">Russia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/singapore\/\">Singapore<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sports\/\">sports<\/a>\n 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stk-hgjtyd3-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-hgjtyd3-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240926.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.qalaaholdings.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/110691.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Driving growth<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button 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0l-22.667-22.667c-9.357-9.357-9.375-24.522-.04-33.901L188.505 256 34.484 101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg><\/button><\/div><\/div><div class=\"stk-block-carousel__dots\" role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"576167\" 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=\"576167\">\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\/11\/12\/last-nights-talk-shows-on-12-november-2020\/\">\r\n                            Last Night\u2019s Talk Shows on 12 November 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\/11\/12\/last-nights-talk-shows-on-12-november-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\/11\/12\/last-nights-talk-shows-on-12-november-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\/11\/12\/last-nights-talk-shows-on-12-november-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=Last Night\u2019s Talk Shows on 12 November 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/11\/12\/last-nights-talk-shows-on-12-november-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\/11\/12\/last-nights-talk-shows-on-12-november-2020\/&title=Last Night\u2019s Talk Shows on 12 November 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=Last+Night%E2%80%99s+Talk+Shows+on+12+November+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F11%2F12%2Flast-nights-talk-shows-on-12-november-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\/11\/12\/last-nights-talk-shows-on-12-november-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-576167\" class=\"content-area-description single-story post-576167 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-automotive tag-covid-19 tag-enterprise-last-nights-talk-shows tag-enterpriseam tag-health tag-natgas-transition-scheme tag-retail 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-02\"><\/a> <strong>The nation\u2019s talking heads continued saying the C-word on the airwaves last night<\/strong>, while the government\u2019s plan to convert thousands of cars to run on natural gas also got a look-in.<\/p>\n<p><strong>Follow covid protocol or close, Saad tells shop owners:<\/strong> Cabinet spokesperson Nader Saad warned shop and mall owners that they will be forced to close for three days if they allow members of the public onto their premises without a face mask during an interview with Al Hayah Al Youm\u2019s Mohamed Sherdy. Saad suggested that this is especially important now, given the public are about to descend on shops and malls around the country to take advantage of discounts season <a href=\"https:\/\/www.youtube.com\/watch?v=Htw-38HxgEs&t=307s\">(watch, runtime: 6:49)<\/a>, Masaa DMC\u2019s Ramy Radwan also had coverage <a href=\"https:\/\/www.youtube.com\/watch?v=fLhqNAzNVfU&t=103s\">(watch, runtime: 4:25)<\/a>.<\/p>\n<p><strong>New opening hours for shops, malls, restaurants and cafes will come into force on 1<\/strong> <strong>December<\/strong>, Saad told Salat El Tahrir\u2019s Azza Moustafa, adding that the government will announce the changes in a few days <a href=\"https:\/\/www.youtube.com\/watch?v=hciMsFap2HY\">(watch, runtime: 13:24)<\/a>. We have our fingers crossed that the plan has gone through a few redrafts: the plan <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/464b3957-61a3-4587-9f67-dc43a76fb4f4\">trial ballooned on the airwaves last week<\/a> seems overly complex, and would force businesses to close at different times depending on the time of year, where in the country they\u2019re based, and what services they provide.<\/p>\n<p><strong>Natgas auto conversion plans:<\/strong> Sherdy interviewed Abd El Fattah Farhat, the head of the Egyptian International Gas Technology Company (GASTEC), who said that the government plans to convert 264k cars to run on natural gas in the coming two years. This comes a few days after Oil Minister Tarek El Molla <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-11-10\/egypt-aims-to-double-cars-running-on-natural-gas-adipec-update?sref=mmeFTDW1\">told the Adipec oil and gas conference<\/a> that the country plans to have 590k cars running on natural gas by 2023. The government will expand its network of gas stations by two-thirds, establishing an additional 400 stations by 2023. Drivers with cars under 20 years\u2019 old will not be forced to convert their vehicles, he said, adding that loan facilities are available to help people cover the EGP 5-7k cost of fitting a natgas engine. The government\u2019s <a href=\"https:\/\/enterprise.press\/hardhats\/challenges-will-govt-face-replacing-gasoline-fired-cars-dual-fuel-vehicles\/\">ambitious long-term plan<\/a> aims to convert 1.8 mn vehicles to run on natural gas at a cost of EGP 320 bn <a href=\"https:\/\/www.youtube.com\/watch?v=cnKtSVTiip8&t=351s\">(watch, runtime: 21:24)<\/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\/automotive\/\">automotive<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/health\/\">health<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/natgas-transition-scheme\/\">natgas transition scheme<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/retail\/\">retail<\/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=\"576168\" 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=\"576168\">\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\/11\/12\/fra-granted-sweeping-powers-as-unified-insurance-act-gets-cabinet-approval\/\">\r\n                            FRA granted sweeping powers as Unified Insurance Act gets cabinet approval                        <\/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 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<\/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\/11\/12\/fra-granted-sweeping-powers-as-unified-insurance-act-gets-cabinet-approval\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/11\/133.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"576169\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/12\/fra-granted-sweeping-powers-as-unified-insurance-act-gets-cabinet-approval\/133-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/11\/133.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"133.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/11\/133.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/11\/133.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-576168\" class=\"content-area-description single-story post-576168 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round tag-cabinet-watch tag-enterpriseam tag-financial-regulatory-authority tag-insurance tag-speed-round tag-unified-insurance-act 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-03\"><\/a> <strong>CABINET WATCH- Market regulator a step closer to getting sharper teeth as <\/strong><strong>c<\/strong><strong>abinet approves Unified Insurance Act:<\/strong> New <a href=\"https:\/\/enterprise.press\/stories\/2019\/07\/30\/fra-gives-itself-all-regulatory-power-over-industry-in-insurance-act\/\">extensive powers<\/a> for the Financial Regulatory Authority (FRA)<a href=\"https:\/\/enterprise.press\/stories\/2019\/07\/30\/fra-gives-itself-all-regulatory-power-over-industry-in-insurance-act\/\"><\/a>to regulate the establishment, licensing and oversight of insurers and reinsurers as well as related services, professions, and activities are inching closer to becoming the law of the land after the Madbouly Cabinet approved the the long awaited Unified Insurance Act in its weekly meeting yesterday, according to a <a href=\"https:\/\/www.cabinet.gov.eg\/arabic\/MediaCenter\/CabinetNews\/Pages\/%D8%A7%D8%AC%D8%AA%D9%85%D8%A7%D8%B9-%D9%85%D8%AC%D9%84%D8%B3-%D8%A7%D9%84%D9%88%D8%B2%D8%B1%D8%A7%D8%A1-%D8%B1%D9%82%D9%85-(117)-%D8%A8%D8%B1%D8%A6%D8%A7%D8%B3%D8%A9-%D8%A7%D9%84%D8%AF%D9%83%D8%AA%D9%88%D8%B1-%D9%85%D8%B5%D8%B7%D9%81%D9%89-%D9%85%D8%AF%D8%A8%D9%88%D9%84%D9%8A.aspx\">statement<\/a>.<\/p>\n<p><strong>Refresher: The law brings under its purview microinsurance institutions and private insurance funds<\/strong>, according to the statement, which was scant on further detail. According to earlier drafts, the bill would also give the FRA the authority to regulate medical insurers and monitor <a href=\"https:\/\/enterprise.press\/stories\/2019\/08\/06\/fra-give-itself-more-power-in-insurance-act\/\">bank deposits.<\/a><\/p>\n<p><strong>Insurance would also become compulsory for individuals and institutions: <\/strong>We <a href=\"https:\/\/enterprise.press\/stories\/2018\/09\/17\/fra-to-complete-insurance-act-draft-this-month-expects-to-send-it-to-cabinet-by-december\/\">had noted<\/a>that compulsory insurance for SMEs and new freelance and seasonal job insurance regulations would be key components of the draft. Recent amendments to the legislation would make insurance mandatory in 21 cases covering everything from non-banking financial services to student health coverage to marriage, <a href=\"https:\/\/bit.ly\/32zwybm\">according to Masrawy<\/a>. The law would also appoint economic courts as the arbitrators in any disputes arising from the implementation of the law, with the exception of cases that come under the jurisdiction of the State Council, the statement said.<\/p>\n<p><strong>The Unified Insurance Act has been in the pipeline since 2018:<\/strong> <a href=\"https:\/\/enterprise.press\/stories\/2019\/01\/08\/draft-insurance-act-details-leaked\/\">According to draft details<\/a> leaked last year, the Act should raise the minimum requirement for the issued and paid-in capital of life and property insurance companies by 150% to EGP 150 mn, and by as much as <a href=\"https:\/\/enterprise.press\/stories\/2019\/01\/31\/insurance-companies-not-happy-with-capital-requirements-in-insurance-act\/\">733% for reinsurance companies<\/a>. The bill also doubles the ceiling for life insurance payouts to EGP 80k.<\/p>\n<p><strong>Also from Cabinet yesterday: Treasury bills and sovereign bonds sold on international markets are now exempt from income tax<\/strong>, the cabinet also decided in its meeting. Egypt <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e508887d-5561-49ea-a75a-1afba7b99274\">listed USD 750 mn in green bonds<\/a> as well as bonds from its <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/925263b4-1bc7-4df7-bcdc-3335f83063f0\">record USD 5 bn Eurobond offering<\/a> earlier this year on the London Stock Exchange (LSE). The LSE currently carries 40 issuances by the Arab Republic of 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\/cabinet-watch\/\">cabinet watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-regulatory-authority\/\">Financial Regulatory Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/insurance\/\">insurance<\/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\/unified-insurance-act\/\">Unified Insurance Act<\/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=\"576179\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"576180\" 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=\"576180\">\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\/11\/12\/egypt-in-the-news-on-12-november-2020\/\">\r\n                            Egypt in the News on 12 November 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\/11\/12\/egypt-in-the-news-on-12-november-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\/11\/12\/egypt-in-the-news-on-12-november-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\/11\/12\/egypt-in-the-news-on-12-november-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 12 November 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/11\/12\/egypt-in-the-news-on-12-november-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\/11\/12\/egypt-in-the-news-on-12-november-2020\/&title=Egypt in the News on 12 November 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+12+November+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F11%2F12%2Fegypt-in-the-news-on-12-november-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\/11\/12\/egypt-in-the-news-on-12-november-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-576180\" class=\"content-area-description single-story post-576180 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-abdel-fattah-el-sisi tag-covid-19 tag-egypt-in-the-news tag-enterpriseam tag-health tag-hospitality tag-human-rights tag-joe-biden tag-middle-east tag-national-security tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Coverage on Egypt in the foreign press is mixed again this morning: <\/strong><strong><a href=\"https:\/\/www.nytimes.com\/2020\/11\/11\/world\/middleeast\/egypt-sisi-coronavirus-healthcare.html\">The New York Times<\/a><\/strong> <strong>looks at Egypt\u2019s response to the pandemic<\/strong>, including the availability of medical supplies and covid-19 testing, while Motley Fool founder writes in an op-ed for <a href=\"https:\/\/www.ft.com\/content\/9c4b656d-c1dd-4a42-a03b-87174dfe2792\">the Financial Times<\/a> that the Biden administration is unlikely to threaten Egypt\u2019s long-standing military aid but may shift the human rights discourse. And in less political coverage, Aswan\u2019s Sofitel <a href=\"https:\/\/all.accor.com\/hotel\/1666\/index.en.shtml\">Old Cataract Hotel<\/a> is featured on <a href=\"https:\/\/www.nytimes.com\/2020\/11\/11\/t-magazine\/dream-hotels-travel.html?searchResultPosition=2\">the New York Times Style<\/a><a href=\"https:\/\/www.nytimes.com\/2020\/11\/11\/t-magazine\/dream-hotels-travel.html?searchResultPosition=2\">Magazine\u2019s<\/a> list of \u201811 Hotels to Visit in Your Dreams.\u2019<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-in-the-news\/\">Egypt in the News<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/health\/\">health<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hospitality\/\">hospitality<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/human-rights\/\">human rights<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/joe-biden\/\">Joe Biden<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/national-security\/\">national security<\/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=\"576181\" 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=\"576181\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/12\/diplomacy-foreign-trade-on-12-november-2020\/\">\r\n                            Diplomacy + Foreign Trade on 12 November 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\/11\/12\/diplomacy-foreign-trade-on-12-november-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\/11\/12\/diplomacy-foreign-trade-on-12-november-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\/11\/12\/diplomacy-foreign-trade-on-12-november-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 12 November 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/11\/12\/diplomacy-foreign-trade-on-12-november-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\/11\/12\/diplomacy-foreign-trade-on-12-november-2020\/&title=Diplomacy + Foreign Trade on 12 November 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+12+November+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F11%2F12%2Fdiplomacy-foreign-trade-on-12-november-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\/11\/12\/diplomacy-foreign-trade-on-12-november-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-576181\" class=\"content-area-description single-story post-576181 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-africa tag-agriculture tag-diplomacy-foreign-trade tag-eastern-mediterranean tag-enterpriseam tag-greece tag-israel tag-japan tag-kyriakos-mitsotakis tag-trade tag-turkey wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>El Sisi\u2019s visit to Greece is leading diplomatic coverage this morning:<\/strong> Egypt and Greece are hoping that the incoming Biden administration will take a more \u201cdecisive\u201d approach to current tensions in the eastern Mediterranean, Greek Prime Minister Kyriakos Mitsotakis said yesterday. \u201cI believe that Greece and Egypt will welcome and have a positive attitude toward the determination of America\u2019s contribution to the events of the Middle East and eastern Mediterranean in our troubled region,\u201d he said at a press conference during President Abdel Fattah El Sisi\u2019s diplomatic visit. Both countries have pushed back against Turkey\u2019s gas exploration efforts in the region this year, and tensions over long-standing territorial disputes have escalated. El Sisi made no mention Joe Biden during <a href=\"https:\/\/bit.ly\/32xjYcw\">his statement<\/a> to reporters, but \u2014 without name-checking \u2014 accused a certain country in the region of breaking international law and supporting terrorism. <a href=\"https:\/\/apnews.com\/article\/turkey-egypt-athens-sameh-shoukry-greece-a24896ea20428a1ab0756e9e43f71672\">The Associated Press<\/a> and <a href=\"https:\/\/www.reuters.com\/article\/us-greece-egypt-usa\/greece-egypt-to-welcome-more-decisive-u-s-involvement-under-biden-greek-pm-says-idUSKBN27R1KU\">Reuters<\/a> have coverage.<\/p>\n<p><strong>Egypt is busy trying to curry favor with the incoming administration though<\/strong>, signing a USD 65k-per-month contract with heavyweight lobbying group Brownstein Hyatt Farber Schreck on Monday, according to <a href=\"https:\/\/ent.news\/2020\/11\/5870-Exhibit-AB-20201109-17.pdf\">a Department of Justice filing (pdf)<\/a>. The firm, staffed by veteran Washington insiders including retired Republican congressman Ed Royce, will \"provide government relations services and strategic counsel on matters before the US government\" for one year.<\/p>\n<p><strong>Egypt has locked down USD 7.3 bn of finance this year geared<\/strong><strong> towards advancing the UN Sustainable Development Goals<\/strong>, the International Cooperation Ministry said in <a href=\"https:\/\/ent.news\/2020\/11\/Egypt-secures-financing-agreements-in-2020-worth-7.308-billion_-Minister-of-International-Cooperation.pdf\">a statement (pdf)<\/a>. The agreements, which include USD 4.5 bn to finance government investments and another USD 2.7 bn for the private sector, are earmarked for several projects in priority areas. This includes USD 477 mn for healthcare development, including a USD 400 mn World Bank loan for the country\u2019s universal healthcare scheme, as well as several packages from USAID to support the Egyptian Red Crescent, purchase ventilators for covid-19 patients, and fund scientific research.<\/p>\n<p><strong>Other goals the funding is earmarked for:<\/strong> Developing sustainable cities and communities, building resilient infrastructure and promoting inclusive industrialization, taking action on climate change, and encouraging gender equality.<\/p>\n<p><strong>Egypt aims to increase the value of its annual exports to Africa to USD 30 bn within three to five years<\/strong>,said Abdel Aziz El Sherif, an official at the Trade Ministry\u2019s Egyptian Commercial Service, according to <a href=\"https:\/\/english.mubasher.info\/news\/3720373\/Egypt-seeks-to-increase-exports-to-Africa-to-30bn-over-five-years\/\">MENA<\/a>. Exports of chemical products and fertilizers are projected to reach USD 5 to 6 bn annually, he said.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/africa\/\">Africa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/agriculture\/\">agriculture<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy-foreign-trade\/\">Diplomacy + Foreign Trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/eastern-mediterranean\/\">Eastern Mediterranean<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/greece\/\">Greece<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/japan\/\">Japan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/kyriakos-mitsotakis\/\">Kyriakos Mitsotakis<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/turkey\/\">Turkey<\/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=\"576182\" 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=\"576182\">\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\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/12\/elsewedy-electric-signs-substation-contracts-with-eetc\/\">\r\n                            ElSewedy Electric signs substation contracts with EETC                        <\/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\/11\/12\/elsewedy-electric-signs-substation-contracts-with-eetc\/\" 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\/11\/12\/elsewedy-electric-signs-substation-contracts-with-eetc\/')\">\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\/11\/12\/elsewedy-electric-signs-substation-contracts-with-eetc\/\">\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=ElSewedy Electric signs substation contracts with EETC&url=https:\/\/enterpriseam.com\/egypt\/2020\/11\/12\/elsewedy-electric-signs-substation-contracts-with-eetc\/\">\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\/11\/12\/elsewedy-electric-signs-substation-contracts-with-eetc\/&title=ElSewedy Electric signs substation contracts with EETC\">\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=ElSewedy+Electric+signs+substation+contracts+with+EETC+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F11%2F12%2Felsewedy-electric-signs-substation-contracts-with-eetc%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\/11\/12\/elsewedy-electric-signs-substation-contracts-with-eetc\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-576182\" class=\"content-area-description single-story post-576182 post type-post status-publish format-standard hentry category-energy tag-eetc tag-elsewedy-electric tag-energy tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>ElSewedy Electric for Trading & Distribution has signed EGP 846 mn-worth of engineering procurement and construction (EPC) contracts with the Egyptian Electricity Transmission Company, according to a <a href=\"https:\/\/ent.news\/2020\/11\/El-Sewedy-Electric-EETC-contracts.pdf\">statement (pdf)<\/a>. The contracts will see the company construct the Toshka 4 substation and its overhead transmission line as well as the West Port Said substation. Construction is expected to be finished within a year.<\/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\/eetc\/\">EETC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/elsewedy-electric\/\">Elsewedy Electric<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"576183\" 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=\"576183\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">Tourism<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/12\/sound-and-light-show-tender-extended-to-3-december\/\">\r\n                            Sound and light show tender extended to 3 December                        <\/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\/11\/12\/sound-and-light-show-tender-extended-to-3-december\/\" 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\/11\/12\/sound-and-light-show-tender-extended-to-3-december\/')\">\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\/11\/12\/sound-and-light-show-tender-extended-to-3-december\/\">\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=Sound and light show tender extended to 3 December&url=https:\/\/enterpriseam.com\/egypt\/2020\/11\/12\/sound-and-light-show-tender-extended-to-3-december\/\">\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\/11\/12\/sound-and-light-show-tender-extended-to-3-december\/&title=Sound and light show tender extended to 3 December\">\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=Sound+and+light+show+tender+extended+to+3+December+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F11%2F12%2Fsound-and-light-show-tender-extended-to-3-december%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\/11\/12\/sound-and-light-show-tender-extended-to-3-december\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-576183\" class=\"content-area-description single-story post-576183 post type-post status-publish format-standard hentry category-tourism tag-enterpriseam tag-sound-and-light-cinema-company tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The Sound and Light Cinema Company has extended the bidding deadline for its tender to develop the sound and light show at the Giza Pyramids to 3 December <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/df21b568-66e1-4851-9d41-c345a074eea0\">from 5 November<\/a>, Managing Director Mohamed Abdel Aziz told <a href=\"https:\/\/bit.ly\/32rD8An\">Masrawy<\/a>. One European and four Egyptian companies have submitted bids, Abdel Aziz said, without disclosing the firms. Companies will be required to invest at least USD 15 mn in the project, and international firms would need to create an Egyptian joint stock company with a minimum capital of EGP 25 mn, <a href=\"https:\/\/bit.ly\/3lowcvm\">Al Mal<\/a> reports, citing unnamed sources.<\/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\/sound-and-light-cinema-company\/\">Sound and Light Cinema Company<\/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=\"576185\" 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=\"576185\">\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\">Real Estate + Housing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/12\/new-alamein-land-for-ppp-development-to-be-tendered-in-december\/\">\r\n                            New Alamein land for PPP development to be tendered in December                        <\/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\/11\/12\/new-alamein-land-for-ppp-development-to-be-tendered-in-december\/\" 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\/11\/12\/new-alamein-land-for-ppp-development-to-be-tendered-in-december\/')\">\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\/11\/12\/new-alamein-land-for-ppp-development-to-be-tendered-in-december\/\">\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=New Alamein land for PPP development to be tendered in December&url=https:\/\/enterpriseam.com\/egypt\/2020\/11\/12\/new-alamein-land-for-ppp-development-to-be-tendered-in-december\/\">\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\/11\/12\/new-alamein-land-for-ppp-development-to-be-tendered-in-december\/&title=New Alamein land for PPP development to be tendered in December\">\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=New+Alamein+land+for+PPP+development+to+be+tendered+in+December+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F11%2F12%2Fnew-alamein-land-for-ppp-development-to-be-tendered-in-december%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\/11\/12\/new-alamein-land-for-ppp-development-to-be-tendered-in-december\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-576185\" class=\"content-area-description single-story post-576185 post type-post status-publish format-standard hentry category-real-estate-housing tag-enterpriseam tag-new-alamein tag-new-urban-communities-authority tag-real-estate tag-real-estate-housing wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The New Urban Communities Authority will issue tenders for land in New Alamein to be developed under a private-public partnership starting next month, Vice Housing Minister Walid Abbas said at a press conference earlier this week, according to <a href=\"https:\/\/bit.ly\/3eQHqqa\">Mubasher<\/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\/new-alamein\/\">New Alamein<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/new-urban-communities-authority\/\">New Urban Communities Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate\/\">real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate-housing\/\">Real Estate + Housing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"576187\" 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=\"576187\">\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\">Automotive + Transportation<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/12\/greater-cairo-egypts-new-capital-to-be-linked-through-48-bus-lines\/\">\r\n                            Greater Cairo, Egypt\u2019s new capital to be linked through 48 bus lines                        <\/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\/11\/12\/greater-cairo-egypts-new-capital-to-be-linked-through-48-bus-lines\/\" 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\/11\/12\/greater-cairo-egypts-new-capital-to-be-linked-through-48-bus-lines\/')\">\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\/11\/12\/greater-cairo-egypts-new-capital-to-be-linked-through-48-bus-lines\/\">\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=Greater Cairo, Egypt\u2019s new capital to be linked through 48 bus lines&url=https:\/\/enterpriseam.com\/egypt\/2020\/11\/12\/greater-cairo-egypts-new-capital-to-be-linked-through-48-bus-lines\/\">\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\/11\/12\/greater-cairo-egypts-new-capital-to-be-linked-through-48-bus-lines\/&title=Greater Cairo, Egypt\u2019s new capital to be linked through 48 bus lines\">\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=Greater+Cairo%2C+Egypt%E2%80%99s+new+capital+to+be+linked+through+48+bus+lines+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F11%2F12%2Fgreater-cairo-egypts-new-capital-to-be-linked-through-48-bus-lines%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\/11\/12\/greater-cairo-egypts-new-capital-to-be-linked-through-48-bus-lines\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-576187\" class=\"content-area-description single-story post-576187 post type-post status-publish format-standard hentry category-automotive-transportation tag-automotive-transportation tag-enterpriseam tag-kamel-el-wazir tag-new-administrative-capital tag-transport wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Greater Cairo will be linked to the new administrative capital through 48 bus lines, 23 of which will be operational by January, while the remaining 25 will begin operations in March, Transport Minister Kamel El Wazir said, according to a <a href=\"https:\/\/bit.ly\/2JRGZQR\">cabinet 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\/automotive-transportation\/\">Automotive + Transportation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/kamel-el-wazir\/\">Kamel El Wazir<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/new-administrative-capital\/\">new administrative capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/transport\/\">transport<\/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=\"576188\" 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=\"576188\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">Banking + Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/12\/nbe-could-provide-egp-200-mn-credit-facility-for-el-marakby-steel-within-weeks\/\">\r\n                            NBE could provide EGP 200 mn credit facility for El Marakby Steel within weeks                        <\/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\/11\/12\/nbe-could-provide-egp-200-mn-credit-facility-for-el-marakby-steel-within-weeks\/\" 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\/11\/12\/nbe-could-provide-egp-200-mn-credit-facility-for-el-marakby-steel-within-weeks\/')\">\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\/11\/12\/nbe-could-provide-egp-200-mn-credit-facility-for-el-marakby-steel-within-weeks\/\">\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=NBE could provide EGP 200 mn credit facility for El Marakby Steel within weeks&url=https:\/\/enterpriseam.com\/egypt\/2020\/11\/12\/nbe-could-provide-egp-200-mn-credit-facility-for-el-marakby-steel-within-weeks\/\">\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\/11\/12\/nbe-could-provide-egp-200-mn-credit-facility-for-el-marakby-steel-within-weeks\/&title=NBE could provide EGP 200 mn credit facility for El Marakby Steel within weeks\">\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=NBE+could+provide+EGP+200+mn+credit+facility+for+El+Marakby+Steel+within+weeks+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F11%2F12%2Fnbe-could-provide-egp-200-mn-credit-facility-for-el-marakby-steel-within-weeks%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\/11\/12\/nbe-could-provide-egp-200-mn-credit-facility-for-el-marakby-steel-within-weeks\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-576188\" class=\"content-area-description single-story post-576188 post type-post status-publish format-standard hentry category-banking-finance tag-banking-finance tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The National Bank of Egypt finalizing talks to provide a EGP 200 mn credit facility to <a href=\"https:\/\/www.elmarakbysteel.net\/?lang=ar\">El<\/a><a href=\"https:\/\/www.elmarakbysteel.net\/?lang=ar\">Marakby Steel<\/a>, according to <a href=\"https:\/\/bit.ly\/3lm1S4E\">Al Mal<\/a>, citing unnamed sources close to the negotiations. The credit facility would come as a larger EGP 370 mn joint facility with an unnamed private bank to provide the remaining EGP 170 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\/banking-finance\/\">BANKING + FINANCE<\/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=\"576189\" 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=\"576189\">\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\">National Security<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/12\/germany-approves-eur-130-mn-arms-sale-to-egypt\/\">\r\n                            Germany approves EUR 130 mn arms sale to Egypt                        <\/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\/11\/12\/germany-approves-eur-130-mn-arms-sale-to-egypt\/\" 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\/11\/12\/germany-approves-eur-130-mn-arms-sale-to-egypt\/')\">\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\/11\/12\/germany-approves-eur-130-mn-arms-sale-to-egypt\/\">\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=Germany approves EUR 130 mn arms sale to Egypt&url=https:\/\/enterpriseam.com\/egypt\/2020\/11\/12\/germany-approves-eur-130-mn-arms-sale-to-egypt\/\">\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\/11\/12\/germany-approves-eur-130-mn-arms-sale-to-egypt\/&title=Germany approves EUR 130 mn arms sale to Egypt\">\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=Germany+approves+EUR+130+mn+arms+sale+to+Egypt+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F11%2F12%2Fgermany-approves-eur-130-mn-arms-sale-to-egypt%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\/11\/12\/germany-approves-eur-130-mn-arms-sale-to-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-576189\" class=\"content-area-description single-story post-576189 post type-post status-publish format-standard hentry category-national-security tag-enterpriseam tag-germany tag-national-security tag-security wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Germany has approved a EUR 130 mn arms agreement with Egypt which will see German shipmaker Lurssen deliver nine patrol boats and a coastal defense ship across the Mediterranean, according to <a href=\"https:\/\/www.boerse.de\/nachrichten\/ROUNDUP-Deutsche-Patrouillenboote-fuer-Aegypten-statt-Saudi-Arabien\/31133080\">Deutsche Presse-Agentur<\/a>. Egypt is one of Germany\u2019s biggest arms buyers, purchasing EUR 290.6 mn-worth of equipment in 1Q2020, according to <a href=\"https:\/\/bit.ly\/3pdAt7p\">Deutsche Welle<\/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\/germany\/\">Germany<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/national-security\/\">national security<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/security\/\">security<\/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=\"576190\" 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=\"576190\">\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\">MY WFH ROUTINE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/12\/my-wfh-routine-ibrahim-el-missiri-ceo-of-asdc\/\">\r\n                            My WFH Routine: Ibrahim El Missiri, CEO of ASDC                        <\/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\/11\/12\/my-wfh-routine-ibrahim-el-missiri-ceo-of-asdc\/\" 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\/11\/12\/my-wfh-routine-ibrahim-el-missiri-ceo-of-asdc\/')\">\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\/11\/12\/my-wfh-routine-ibrahim-el-missiri-ceo-of-asdc\/\">\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=My WFH Routine: Ibrahim El Missiri, CEO of ASDC&url=https:\/\/enterpriseam.com\/egypt\/2020\/11\/12\/my-wfh-routine-ibrahim-el-missiri-ceo-of-asdc\/\">\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\/11\/12\/my-wfh-routine-ibrahim-el-missiri-ceo-of-asdc\/&title=My WFH Routine: Ibrahim El Missiri, CEO of ASDC\">\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=My+WFH+Routine%3A+Ibrahim+El+Missiri%2C+CEO+of+ASDC+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F11%2F12%2Fmy-wfh-routine-ibrahim-el-missiri-ceo-of-asdc%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\/11\/12\/my-wfh-routine-ibrahim-el-missiri-ceo-of-asdc\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/11\/139.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"576191\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/12\/my-wfh-routine-ibrahim-el-missiri-ceo-of-asdc\/139-jpg-13\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/11\/139.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"139.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/11\/139.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/11\/139.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-576190\" class=\"content-area-description single-story post-576190 post type-post status-publish format-standard has-post-thumbnail hentry category-my-wfh-routine tag-enterpriseam tag-my-morning-routine 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-08\"><\/a> <strong>Ibrahim El Missiri, CEO of ASDC \u2014 the developers of Soma Bay:<\/strong> Each week, my Morning \/ WFH Routine looks each week at how a successful member of the community starts their day \u2014 and then throws in a couple of random business questions just for fun. Speaking to us this week is Ibrahim El Missiri (<a href=\"https:\/\/www.linkedin.com\/in\/ibrahim-el-missiri-9b68931\/?originalSubdomain=eg\">LinkedIn<\/a>), CEO of ASDC, the developers of Soma Bay.<\/p>\n<p><strong>My name is Ibrahim El Missiri and I am the CEO of ASDC, the master developer of Soma Bay<\/strong>, which is the 10 mn sqm peninsula on the Red Sea south of Hurghada, with an 11km coast line and the most pristine sandy beach. We have a marina, five exceptional hotels, and an 18-hole championship golf course designed by the renowned Gary Player. Hence our motto: outstanding by nature.<\/p>\n<p><strong>I wake up around 6:30am, and<\/strong> <strong>the first thing I do is read Enterprise while I\u2019m still in bed.<\/strong> Our Cocker Spaniel-Dachshund mix, Basboussa, is always the first to greet me when I get up and is always excited for our daily walk. Next is breakfast with the kids before they head off to school. My taste in breakfast isn\u2019t very refined with my usual being coffee, orange juice and a roumy cheese sandwich. When my wife Marwa comes back from dropping the kids off \u2014 she insists on doing it herself \u2014 we usually spend some time together until it's time for me to head off into the wilderness.<\/p>\n<p><strong>I\u2019ve been back at the office since the beginning of September. <\/strong>I take all my calls during the commute to work and get to the office by 9:30am. That\u2019s when the real battle begins. There\u2019s always something happening and a portion of my time is spent on putting out fires, but I try to stay organized overall. My main focus during the day is working on projects and operations.<\/p>\n<p><strong>How do I stay organized? Marie, my assistant. She sorts my life out.<\/strong> I\u2019m religious about my Microsoft Calendar to manage my day and I try to stick with it. I write down everything. I enjoy having a notebook and taking notes. As for the home front, Marwa is the definite manager.<\/p>\n<p><strong>At the end of the day, if there\u2019s no football match playing, I head home.<\/strong> I recently got into watching Liverpool matches \u2014 just like most of the Egyptian population. Even though my family were supporters of Al Ahly and I played football as a kid, I lost interest in the sport when I grew up. But now, because of Salah, I got hooked on the Premier League.<\/p>\n<p><strong>Once a week, I take some time to be alone and plan for the future.<\/strong> Before covid, I would head to a coffee shop near the Gezira Club for some shisha and use that time to think. But nowadays it's often in the afternoon when I walk the dog or when I sit alone at home. It\u2019s hard during the workday because there\u2019s so much \u2014 emails, calls, meetings \u2014 that you don\u2019t get the chance to step back.<\/p>\n<p><strong>I spend nearly 10-15 days in Soma Bay each month during the pandemic. <\/strong>Previously I had a rhythm of one week in Soma Bay and one week in Cairo.<\/p>\n<p><strong>I don\u2019t think the office is completely dead<\/strong>, but I think it depends on the industry. For us, we thought about what needs to be done in Cairo versus what needs to be done in Soma Bay. During covid, we moved some functions to Soma Bay and said \u201cdon\u2019t come back.\u201d<\/p>\n<p><strong>I think 80% of all functions can be done in Soma Bay \u2014 <\/strong>unless you\u2019re legally required to be in Cairo. Doing work in the Red Sea is very possible \u2014 you have flights and internet and daily necessities. <strong>So why stay in Cairo?<\/strong> The two things preventing mass migration to the Red Sea are the availability of education and medical care.<\/p>\n<p><strong>The pandemic has highlighted our basic tourism problems. <\/strong>We don\u2019t have a big enough airline or fleet and we\u2019re still depending on Germany to offer charter flights. International tourism has suffered and local tourism only picks up when Egypt has a public holiday.<\/p>\n<p><strong>But covid also caused many people to consider retiring outside of Cairo. <\/strong>Middle-aged people traveled to Gouna and Soma Bay during the pandemic and started thinking \u201cthis whole retirement thing is real.\u201d The Red Sea isn\u2019t going to be the north coast, but it could become a first home for retirees or people who can do business remotely.<\/p>\n<p><strong>To relax, I like to listen to music. I\u2019m a grunge, rock and roll kind of guy.<\/strong> My favorite band is Guns N' Roses and I proudly went on their Not in This Lifetime tour. However, my kids can\u2019t stand them. I also like Pearl jam. Nirvana, and Linkin Park. I\u2019ve recently become interested in this new wave of European DJs who are mixing club music with mahraganat. It\u2019s actually kind of cool when it\u2019s mixed.<\/p>\n<p><strong>I used to like watching a lot of serious TV shows, but because of work pressure, I\u2019ve been preferring to watch some nonsense.<\/strong> I love Michael McIntyre\u2019s standups. You should see him when he talks about family and kids. I can\u2019t wait for the new David Attenborough that\u2019s coming up. I used to watch Suits and I just finished watching both seasons of Cobra Kai. It was poorly produced, but full of nostalgia \u2014 the fact that they have the original cast back? Wow, I binged on that for two days.<\/p>\n<p><strong>The best piece of advice I\u2019ve gotten is to stop trying to control the things you can\u2019t control. <\/strong>A mentor told me that when we were in the midst of covid-19 and under a lot of pressure. I was killing myself trying to control the unknown. He also urged me to accept things for what they are.<\/p>\n<p><strong>I also tend to quote one of my greatest mentors, Jeremy Beeton. <\/strong>He was previously Director General of the London 2012 Olympic and Paralympic Games. He always knew the right thing to say in any situation. He\u2019d never give you a clear answer, but he\u2019d guide you to finding your own way by listening. And I believe if you want something enough, it will happen. That\u2019s how I\u2019m guided in my life.<\/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\/my-morning-routine\/\">MY MORNING ROUTINE<\/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=\"576192\" 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=\"576192\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">13<\/div>\r\n\r\n                    <p class=\"f-graphik\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/12\/the-market-yesterday-207\/\">\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\/11\/12\/the-market-yesterday-207\/\" 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\/11\/12\/the-market-yesterday-207\/')\">\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\/11\/12\/the-market-yesterday-207\/\">\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\/11\/12\/the-market-yesterday-207\/\">\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\/11\/12\/the-market-yesterday-207\/&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%2F11%2F12%2Fthe-market-yesterday-207%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\/11\/12\/the-market-yesterday-207\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-576192\" class=\"content-area-description single-story post-576192 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 15.60 | Sell 15.70<\/p>\n<p> <strong>EGP \/ USD at CIB:<\/strong> Buy 15.60 | Sell 15.70<br \/>\n <strong>EGP \/ USD at NBE: <\/strong>Buy 15.61 | Sell 15.71<\/p>\n<p><strong>EGX30<\/strong> (Wednesday): 10,998 (-0.7%)<br \/>\n <strong>Turnover:<\/strong> EGP 1.6 bn (42% above the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: -21.2%<\/p>\n<p><strong>THE MARKET ON WEDNESDAY:<\/strong> The EGX30 ended Wednesday\u2019s session down 0.7%. CIB, the index\u2019s heaviest constituent, ended up 0.1%. EGX30\u2019s top performing constituents were Export and Development Bank up 4.2%, Dice up 3.9%, and Orascom Development up 3.4%. Yesterday\u2019s worst performing stocks were Eastern Company down 12.4%, Telecom Egypt down 1.6% and Ibnsina Pharma down 1.1%. The market turnover was EGP 1.6 bn, and local investors were the sole net sellers.<\/p>\n<p><strong>Foreigners<\/strong>: Net long | EGP +23.1 mn<br \/>\n <strong>Regional<\/strong>: Net long | EGP +5.9 mn<br \/>\n <strong>Domestic<\/strong>: Net short | EGP -29.1 mn<\/p>\n<p><strong>Retail<\/strong>: 73.2% of total trades | 71.3% of buyers | 75.1% of sellers<br \/>\n <strong>Institutions<\/strong>: 26.8% of total trades | 28.7% of buyers | 24.9% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 41.45 (+0.22%)<br \/>\n <strong>Brent:<\/strong> USD 43.72 (+0.25%)<\/p>\n<p><strong>Natural Gas:<\/strong> (Nymex, futures prices) USD 3.03 MMBtu, (+2.78%, December 2020 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,861.60 \/ troy ounce (-0.79%)<\/p>\n<p><strong>TASI:<\/strong> 8,449 (+0.53%) (YTD: +0.72%)<br \/>\n <strong>ADX:<\/strong> 4,832 (+1.34%) (YTD: -4.80%)<br \/>\n <strong>DFM:<\/strong> 2,283 (+0.78%) (YTD: -17.43%)<br \/>\n <strong>KSE Premier Market:<\/strong> 6,132 (-1.61%)<br \/>\n <strong>QE:<\/strong> 10,119 (-0.12%) (YTD: -2.93%)<br \/>\n <strong>MSM:<\/strong> 3,611 (+0.98%) (YTD: -9.28%)<br \/>\n <strong>BB: <\/strong>1,449 (-0.16%) (YTD: -10.00%)<\/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=\"576193\" 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\/11\/12\/576193\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-576193\" class=\"content-area-description single-story post-576193 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>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>10-19 November (Monday-Thursday): A World Bank delegation arrives in Egypt to discuss financing development projects.<\/p>\n<p>12 November (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>12 November (Thursday): The African Private Equity and Venture Capital Association (AVCA) is organizing an online conference titled \u201cState of African Private Equity & Venture Capital: Regional Perspectives.\u201d You can sign up <a href=\"https:\/\/hopin.to\/events\/state-of-african-private-equity-venture-capital-regional-perspectives\">here<\/a>.<\/p>\n<p>13-15 November (Friday-Sunday): <a href=\"https:\/\/www.mubasher.info\/news\/3709002\/-%D8%A7%D9%84%D9%85%D8%B5%D8%A7%D8%B1%D9%81-%D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9-%D8%B4%D8%B1%D9%85-%D8%A7%D9%84%D8%B4%D9%8A%D8%AE-%D8%AA%D8%B3%D8%AA%D8%B6%D9%8A%D9%81-%D9%85%D8%A4%D8%AA%D9%85%D8%B1%D8%A7-%D9%84%D8%A8%D8%AD%D8%AB-%D8%AA%D8%AD%D8%AF%D9%8A%D8%A7%D8%AA-%D8%A7%D9%84%D9%82%D8%B7%D8%A7%D8%B9-%D9%81%D9%8A-%D8%B8%D9%84-%D9%83%D9%88%D8%B1%D9%88%D9%86%D8%A7\/\">A conference on banking in the time of covid<\/a> by the Union of Arab Banks, Sharm El Sheikh, Egypt.<\/p>\n<p>13-20 November (Friday-Friday): <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/5\/33\/391394\/Arts--Culture\/Music\/Egypt-to-launch-Cairo-Jazz-Festival-Friday.aspx\">Cairo Jazz Festival<\/a>.<\/p>\n<p>14 November (Saturday): <a href=\"https:\/\/startupswb.com\/summit\/\">Startups Without Borders Summit<\/a> will be held virtually<\/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>15 November (Sunday): Results of the second phase of Egypt\u2019s parliamentary elections will be announced.<\/p>\n<p>16 November (Monday): Postponed trial of alleged abuser Ahmed Bassam Zaki, after <a href=\"https:\/\/bit.ly\/3kYY7ll\">he failed to attend<\/a> the previous court date<\/p>\n<p>16 November (Monday): The fifth edition of <a href=\"https:\/\/destinationafrica.vfairs.com\/en\/#home\">Destination Africa<\/a> will be held virtually and will highlight African manufacturers and suppliers of fashion and textiles, among others. The expo will continue for one month.<\/p>\n<p>18 November (Wednesday): The <a href=\"https:\/\/www.comesa.int\/50-million-african-women-speak-platform-50mawsp-national-launches-planned-in-14-member-states\/\">50 Million African Women Speak<\/a> online event will be held, organized by the Egyptian MSME Development Agency and Comesa<\/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>21 November (Saturday): Deadline to install electronic vehicle stickers<\/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): Runoffs 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 (date TBC): <a href=\"https:\/\/www.facebook.com\/ees.egypt\/\">Egypt Economic Summit<\/a>, Cairo, Egypt, <a href=\"https:\/\/bit.ly\/3jhQXXR\">venue TBD<\/a>.<\/p>\n<p>December: Fifth round of Egypt-US Trade and Investment Framework Agreement (TIFA) talks.<\/p>\n<p>December: The 110th regular <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/1718744134970611\">session<\/a> of the Egyptian-Iraqi Joint Higher Committee will be held under the chairmanship of the prime ministers of the two countries.<\/p>\n<p>1 December (Tuesday): The IMF will conduct a first review of targets set under the USD 5.2 bn standby loan approved in June (proposed date).<\/p>\n<p>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 December: Former Civil Aviation Minister Ahmed Shafik faces <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/2078662\">trial<\/a> over embezzlement allegations.<\/p>\n<p>7-8 December (Monday-Tuesday): Runoffs 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 December (Tuesday): House of Representatives reconvenes from recess.<\/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>1Q2021: The Seventh Annual <a href=\"https:\/\/www.egyptautomotive.com\/1168552\">Egypt Automotive Summit<\/a> will be held<\/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":576164,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-576163","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"1811bfd1-94ee-4f2d-8fec-8581f6cc4010","teaser":"","photo_url":"https:\/\/ent.news\/2020\/11\/131.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>The global race for a covid-19 vaccine is heating up - 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\/the-global-race-for-a-covid-19-vaccine-is-heating-up\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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