{"id":576238,"date":"2020-11-17T04:02:36","date_gmt":"2020-11-17T04:02:36","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=576238"},"modified":"2025-12-16T10:45:19","modified_gmt":"2025-12-16T10:45:19","slug":"more-covid-stimulus-coming-if-theres-a-second-wave","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/more-covid-stimulus-coming-if-theres-a-second-wave\/","title":{"rendered":"More covid stimulus coming if there\u2019s a second wave"},"content":{"rendered":"<section id=\"576240\" 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=\"576240\">\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\/17\/what-were-tracking-on-17-november-2020\/\">\r\n                            What we\u2019re tracking on 17 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\/17\/what-were-tracking-on-17-november-2020\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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category-what-were-tracking-today tag-agility-logistics tag-aramco tag-bahrain tag-cib tag-dividends tag-enterpriseam tag-esg tag-governance tag-hospitality tag-kuwait tag-moderna tag-pfizer tag-saudi-arabia tag-sustainability tag-tourism tag-vaccines wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_27645\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\">\n<p class=\"f-graphik\" style=\"font-size:14px\">Together with<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27482.svg\" alt=\"\" class=\"wp-image-27482\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><strong>Good morning, friends. <\/strong>You know the end of the year is upon us when (a) Gourmet starts playing Christmas muzak, (b) the Financial Times launches its annual <a href=\"https:\/\/www.ft.com\/content\/37b45687-bded-49c8-bf96-a2e8bc9d443a\">How To Spent It gift guide<\/a> and (c) the seasonal blockbusters start tumbling out, including today\u2019s launch of volume one of Barack Obama\u2019s memoir (check out reviews in the <a href=\"https:\/\/www.nytimes.com\/2020\/11\/15\/books\/review-barack-obama-promised-land-memoir.html\">New York Times<\/a> and the <a href=\"https:\/\/www.wsj.com\/articles\/a-promised-land-review-obama-remembers-11605567922?mod=hp_featst_pos3\">Wall Street Journal<\/a> and look it up on <a href=\"https:\/\/www.amazon.com\/Promised-Land-Barack-Obama-ebook\/dp\/B08GJZFBYV\">Amazon<\/a>).<\/p><p><strong>Half our staff worked together mask-to-mask in the office yesterday<\/strong> \u2014 and it was wonderful. Half of us come in each Monday so we welcome new people and get reacquainted with each other after spending March through now on WFH, and it reinforced the fundamental truth of this Dispatch from the Department of the Obvious: <a href=\"https:\/\/www.ft.com\/content\/5745fc60-b0db-4958-bdf4-3bb6307e190d\">Video calls cannot match the speed and rigour of real conversation.<\/a><\/p><p><strong>TWO MORNING MUST-READS <\/strong>whether your commute is 30 seconds to your home office or an hour across town: <a href=\"https:\/\/fortune.com\/2020\/11\/15\/citizen-capitalism-accountable-bain-capital-book-esg-investing\/\">Capitalism must be saved by capitalists, argue these pioneering ESG investors<\/a> (Fortune) and then this Economist piece on <a href=\"https:\/\/www.economist.com\/special-report\/2020\/11\/12\/the-shanghai-open\">why the future of asset management is in China<\/a>.<\/p><hr class=\"grey-line\"><p><strong>The Health Ministry <\/strong><strong><a href=\"https:\/\/bit.ly\/38NIutP\">reported<\/a><\/strong><strong> 242 new covid-19 infections yesterday<\/strong>, up from 220 the day before. Egypt has now disclosed a total of 111,009 confirmed cases of covid-19. The ministry also reported 12 new deaths, bringing the country\u2019s total death toll to 6,465. We now have a total of 101,179 confirmed cases that have fully recovered.<\/p><p><strong>Covid has now claimed the lives of 200 Egyptian doctors<\/strong>, the Medical Syndicate said in a <a href=\"https:\/\/bit.ly\/32Qg7ro\">statement<\/a> yesterday as it noted the passing of orthopedist Dr. Mouman Mohamed Medhat, the assistant director of the police hospital in Alexandria,<\/p><p><a id=\"tldr-story-05\" class=\"content-anchor\"><\/a> <strong>Moderna sees Pfizer\u2019s 90%, and raises them some:<\/strong> Moderna says its vaccine is more than 94% effective based on preliminary data from stage three clinical trials, the company said in a <a href=\"https:\/\/investors.modernatx.com\/news-releases\/news-release-details\/modernas-covid-19-vaccine-candidate-meets-its-primary-efficacy\">statement<\/a>. The announcement follows <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/15251d8f-7d6f-4f5a-a6ea-054938e64a34\">Pfizer\u2019s last week<\/a> that their vaccine is 90% effective, and Russia\u2019s announcement that its Sputnik V vaccine is <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2c64b1f9-f489-4563-ab33-86d9b6f42c9d\">92% effective<\/a>. Moderna\u2019s final data is expected later this month, after which the company is expected to seek authorization from the Food and Drug Administration. The vaccine will be administered as two shots that are taken 28 days apart.<\/p><p><strong>Moderna could have a major advantage over Pfizer in that their vaccine does not require special ultra-cold storage <\/strong>and can be stored at standard refrigerator temperatures for up to 30 days. The results mean the US could have up to 60 mn doses of the Moderna and Pfizer vaccines available for emergency use by the end of the year. <strong>Everyone everywhere had the story:<\/strong> <a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-vaccines-moderna\/moderna-says-its-vaccine-is-94-5-effective-in-preventing-covid-19-idUSKBN27W1E6?il=0\">Reuters<\/a> | <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-11-16\/moderna-vaccine-is-found-highly-effective-at-preventing-covid-19?sref=mmeFTDW1\">Bloomberg<\/a> | <a href=\"https:\/\/www.nytimes.com\/2020\/11\/16\/health\/Covid-moderna-vaccine.html\">NYT<\/a> | <a href=\"https:\/\/www.bbc.com\/news\/health-54902908\">BBC<\/a> | <a href=\"https:\/\/www.ft.com\/content\/9d7a2e24-aea0-4c45-82ab-509dc80ed5a1\">FT<\/a> | <a href=\"https:\/\/apnews.com\/article\/pandemics-ap-top-news-coronavirus-pandemic-5575a8a8ca3825a9bf39a5d234aba07b\">AP<\/a>.<\/p><p><strong>We can already sense tomorrow\u2019s headlines being written:<\/strong> \u201cChina\u2019s Sinopharm vaccine 94.01% effective in phase 3 trials.\u201d What are the chances?<\/p><p><strong>Moderna\u2019s vaccine was all over the airwaves on Last Night\u2019s Talk Shows: <\/strong>Kelma Akhira\u2019s Lamees El Hadidi phoned former health minister Ashraf Hatem for his two cents on the competing vaccines. Hatem pointed out that the Moderna vaccine \u2014 unlike Pfizer\u2019s \u2014 does not need to be stored in super-cold temperatures and is easier to transport. He also dismissed theories that companies have strategically timed their announcements for after the US election or to pump up their share prices (though we have to admit they are impeccably timed to turn a certain orange man a shade of red).<\/p><p><strong>We should hear more information from the Russian and Chinese vaccines in the coming<\/strong> <strong>days<\/strong>, he said <a href=\"https:\/\/www.youtube.com\/watch?v=xROvAfTZCfc&amp;t=14s\">(watch, runtime: 3:44)<\/a>. El Hekaya\u2019s Amr Adib spoke to Abd al-Hadi Khader, professor of internal medicine at Robert Wood Johnson University Hospital, for his take on the Pfizer and Moderna vaccines <a href=\"https:\/\/www.youtube.com\/watch?v=X7eTJz0WAck\">(watch, runtime: 13:52)<\/a>, while a doctor told Masaa DMC\u2019s Eman El Hosary that the World Health Organization is in talks with both companies to lower the cost for the developing world <a href=\"https:\/\/www.youtube.com\/watch?v=VTmC1Bk1sx4&amp;t=167s\">(watch, runtime: 13:14)<\/a>.<\/p><p><strong>Vaccines are a special kind of rocket fuel for global stocks<\/strong>, which hit record highs yesterday on the news. The MSCI World index rose to an all-time high as prospects of a covid-19 vaccine on the horizon continued to bolster investor sentiment. US equities did likewise, with both the Dow Jones and the S&amp;P 500 clocking record highs. The vaccine was also good news for oil prices, pushing up Brent futures by almost 2.5%. Rising covid-19 cases in the US however kept the USD relatively flat, while uncertainty over a Brexit trade agreement saw the British Pound fall slightly against both the greenback and the Euro. (<a href=\"https:\/\/www.reuters.com\/article\/us-usa-stocks\/sp-500-dow-close-at-all-time-highs-on-reignited-vaccine-hopes-idUSKBN27W1CC\">Reuters<\/a> | <a href=\"https:\/\/www.wsj.com\/articles\/global-stock-markets-dow-update-11-16-2020-11605515068?mod=hp_lead_pos1\">WSJ<\/a> | <a href=\"https:\/\/www.ft.com\/content\/f26556e1-bb96-42a7-a1f9-9608db660faf\">FT<\/a> | <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-11-15\/yen-slips-asia-stocks-set-to-track-u-s-gains-markets-wrap?sref=mmeFTDW1\">Bloomberg<\/a>)<\/p><p><strong>One tech company that didn\u2019t ride the virus to record valuations is AirBnb<\/strong>, which revealed in its <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1559720\/000119312520294801\/d81668ds1.htm\">IPO filing<\/a> yesterday that its valuation was cut in half to USD 18 bn earlier this year as covid lockdowns across the world suffocated the tourism and hospitality sectors. The filing, which gives investors their first look at the company\u2019s finances as it prepares to list in New York, reveals that it made a USD 696.6 mn loss in the first nine months of the year after seeing a 72% plunge in booking revenues during 2Q. The company is now doing better as it prepares to hit the Nasdaq, reporting a USD 219.3 mn profit in the third quarter.<\/p><hr class=\"grey-line\"><p><strong>The real recovery in emerging markets is just getting started, <\/strong>with accelerating growth, monetary easing, and progress toward a vaccine guiding currencies and stocks to two-year highs, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-11-15\/emerging-markets-defy-risks-with-turkey-taking-center-stage?sref=mmeFTDW1\">Bloomberg<\/a> cites Bank of America and Morgan Stanley as saying. Despite the world of risks EMs are prone to, measures of volatility are falling, and the signing of the world\u2019s <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cea00ad2-a2d1-428e-91d9-9d73aad5a9ae\">largest trade pact by Asia Pacific nations<\/a> on Sunday is adding to the favorable outlook. Investors will now be on the lookout for monetary policy decisions, which \u201cwill remain as accommodative as possible and we should expect further easing over the winter,\u201d Bloomberg quoted Societe Generale chief currency strategist Kit Juckes as saying.<\/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\/11\/Mesca-Beach-Nov.3-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p><p><strong>Foreign student enrollment at US colleges declined to a 16-year low<\/strong> in the 2019-20 academic year as a result of covid-19 and the Trump administration\u2019s restrictive policies on immigration, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-11-16\/foreign-enrollment-at-u-s-colleges-drops-by-most-since-2003?sref=mmeFTDW1\">Bloomberg reports<\/a>. And it looks likely to get worse in 2020-21, as undergraduate and graduate enrollment declined 15% and 7.8%, respectively, for the fall semester. We were already seeing signs of this here: Egyptian students and education experts <a href=\"https:\/\/enterprise.press\/blackboards\/will-egyptian-exodus-us-uk-universities-post-covid\/\">told us<\/a> that while they may still want to return to the US and UK, their eyes are already drifting elsewhere.<\/p><hr class=\"grey-line\"><p><strong>Oh, and speaking of saving capitalism: Our friends ast CIB have released their 2019 <\/strong><strong>sustainability report.<\/strong> Which this year dives not just into the expected ESG measures, but also the bank\u2019s pandemic response. You can read CIB\u2019s launch <a href=\"https:\/\/ent.news\/2020\/11\/CIB-5-Years-of-Sustainability-Reporting-PR-E-V5-Legal-converted.pdf\">press release (pdf<\/a><a href=\"https:\/\/ent.news\/2020\/11\/CIB-5-Years-of-Sustainability-Reporting-PR-E-V5-Legal-converted.pdf\">)<\/a>, check out the full report <a href=\"https:\/\/www.cibeg.com\/English\/InvestorRelations\/NewsGovernanceAndResearch\/Documents\/CIB%20SR%2019.pdf\">here (pdf)<\/a> or visit <a href=\"https:\/\/www.cibeg.com\/English\/CIBCommunity\/Corporate%20Sustainability\/Pages\/Sustainability-Report.aspx\">the report\u2019s landing page here<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/agility-logistics\/\">Agility Logistics<\/a>\n                <!-- <span 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stk-ukr17pk-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-ukr17pk-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=\"576242\" 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=\"576242\">\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\/17\/last-nights-talk-shows-on-17-november-2020\/\">\r\n                            Last Night\u2019s Talk Shows on 17 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\/17\/last-nights-talk-shows-on-17-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\/17\/last-nights-talk-shows-on-17-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\/17\/last-nights-talk-shows-on-17-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 17 November 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/11\/17\/last-nights-talk-shows-on-17-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\/17\/last-nights-talk-shows-on-17-november-2020\/&title=Last Night\u2019s Talk Shows on 17 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+17+November+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F11%2F17%2Flast-nights-talk-shows-on-17-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\/17\/last-nights-talk-shows-on-17-november-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-576242\" class=\"content-area-description single-story post-576242 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-covid-19 tag-enterprise-last-nights-talk-shows tag-enterpriseam tag-moderna tag-mohamed-salah tag-pfizer tag-real-estate tag-sports tag-world-health-organization wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>It was Mohamed Elneny\u2019s turn to headline the talk shows last night<\/strong>, after the footballer followed Mohamed Salah to become the second Egyptian player to contract covid-19 since returning to Egypt for the international break. Kelma Akhira\u2019s Lamees El Hadidi phoned EFA official Gamal Mohamed Ali, who said that Elneny will be flying back to Egypt from Togo, where the team landed yesterday ahead of tonight\u2019s African Cup of Nations qualifier <a href=\"https:\/\/www.youtube.com\/watch?v=lX6pyvm6dLo\">(watch, runtime: 3:49)<\/a>. Ala Mas\u2019ouleety\u2019s Ahmed Moussa phoned national team official Mohamed Fadel for comment on the topic <a href=\"https:\/\/www.youtube.com\/watch?v=AxBvYcqfnH0\">(watch, runtime: 6:27)<\/a>, as did El Hekaya\u2019s Amr Adib. Fadel said Elneny is asymptomatic and that he is being monitored by one of the team\u2019s doctors <a href=\"https:\/\/www.youtube.com\/watch?v=xHEBYOx9Q70\">(watch, runtime: 6:01)<\/a>. Adib also covered the news that Mohamed Salah\u2019s wife has also been infected with the virus but that his daughter is fine <a href=\"https:\/\/www.youtube.com\/watch?v=bRpX6wUrk1s\">(watch, runtime: 1:25)<\/a>.<\/p>\n<p><strong>Covid-19 and real estate: <\/strong>CEO of Iwan Investment and Real Estate Development Waleed Mokhtar told Amr Adib that housing demand is beginning to pick up following the slump during lockdown. The firm has seen a shift in consumer tastes towards wellness architecture, he said <a href=\"https:\/\/www.youtube.com\/watch?v=AqlQkBH9tQA&t=117s\">(watch, runtime: 3:45)<\/a>.<\/p>\n<p><strong>Elsewhere: <\/strong><strong>Chinese investors eye agro projects:<\/strong> Syed Khalifa, the head of the Agricultural Syndicate, told Ala Mas\u2019ouleety\u2019s Ahmed Moussa that there is a Chinese delegation visiting Wadi El Gedid Governorate to scope out potential agricultural projects <a href=\"https:\/\/www.youtube.com\/watch?v=G1JaDP6Z67o\">(watch, runtime: 21:30)<\/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\/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\/moderna\/\">Moderna<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mohamed-salah\/\">Mohamed Salah<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pfizer\/\">Pfizer<\/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\/sports\/\">sports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-health-organization\/\">World Health Organization<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"576243\" 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=\"576243\">\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\/17\/egypt-ready-to-dole-out-more-stimulus-if-covid-19-second-wave-hits\/\">\r\n                            Egypt ready to dole out more stimulus if covid-19 second wave hits                        <\/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\/17\/egypt-ready-to-dole-out-more-stimulus-if-covid-19-second-wave-hits\/\" 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\/17\/egypt-ready-to-dole-out-more-stimulus-if-covid-19-second-wave-hits\/')\">\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\/17\/egypt-ready-to-dole-out-more-stimulus-if-covid-19-second-wave-hits\/\">\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 ready to dole out more stimulus if covid-19 second wave hits&url=https:\/\/enterpriseam.com\/egypt\/2020\/11\/17\/egypt-ready-to-dole-out-more-stimulus-if-covid-19-second-wave-hits\/\">\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\/17\/egypt-ready-to-dole-out-more-stimulus-if-covid-19-second-wave-hits\/&title=Egypt ready to dole out more stimulus if covid-19 second wave hits\">\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+ready+to+dole+out+more+stimulus+if+covid-19+second+wave+hits+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F11%2F17%2Fegypt-ready-to-dole-out-more-stimulus-if-covid-19-second-wave-hits%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\/17\/egypt-ready-to-dole-out-more-stimulus-if-covid-19-second-wave-hits\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/11\/178.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"576244\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/17\/egypt-ready-to-dole-out-more-stimulus-if-covid-19-second-wave-hits\/178-jpg-17\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/11\/178.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"178.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/11\/178.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/11\/178.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-576243\" class=\"content-area-description single-story post-576243 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round tag-covid-19 tag-debt tag-economy tag-enterpriseam tag-fiscal-policy tag-mohamed-maait tag-speed-round wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a id=\"tldr-story-01\" class=\"content-anchor\"><\/a><strong> The government is prepared to dole out further stimulus should a second wave of <\/strong><strong>covid-19 take hold in Egypt<\/strong>, Finance Minister Mohamed Maait told <a href=\"https:\/\/bit.ly\/3nu8NJA\">Al Arabiya<\/a> yesterday. The possibility of a second stimulus package, which would follow the EGP 100 bn allocated at start of the pandemic, has already been factored into Finance Ministry calculations, Maait said. The minister previously signaled that the government could allocate more funding beyond the existing package.<\/p>\n<p><strong>Don\u2019t expect much in the way of stimulus if a vaccine becomes available, Maait added<\/strong>. Maait expects the local and global economy to start gathering steam from next year.<\/p>\n<p><strong>Egypt has so far <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c7268a5b-a6d2-48a8-b108-8110d3f0e58e\">disbursed EGP 65 bn<\/a><\/strong><strong> of the original EGP 100 mn package<\/strong> on healthcare, staple goods and employment grants for day laborers, and the state has pushed out an additional EGP 70 bn to increase pensioners\u2019 allowances and boost public sector salaries and pensions.<\/p>\n<p><strong>We\u2019re looking at an amended state budget next month:<\/strong> The minister told Al Arabiya that the pandemic has probably put the fiscal targets in the FY2020-2021 budget out of reach and said that the government will make amendments to the budget in December. <strong>Don\u2019t expect the revised budget to hike taxes <\/strong>after <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c7268a5b-a6d2-48a8-b108-8110d3f0e58e\">Maait promised last week there would be no new levies<\/a>.<\/p>\n<p><strong>That said, the Sisi administration has no immediate plans to tap international markets<\/strong> after covering its financing needs, Maait said. Egypt has already secured two loans from the IMF, the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1c23ccc2-49f3-4ec3-8a96-2b792743862c\">USD 2.8 bn rapid-financing instrument<\/a> and the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e4b88b68-45c9-4f66-bbba-1e8999ee8f3f\">USD 5.2 bn standby loan<\/a>, and took to market two major sovereign debt issuances, a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/925263b4-1bc7-4df7-bcdc-3335f83063f0\">USD 5 bn eurobond sale<\/a> and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5d1b54d5-5efa-41c9-ac8b-728b105b2ef0\">USD 750 mn green bond offering<\/a>.<\/p>\n<p><strong>And fresh fiscal data is giving cause for optimism: <\/strong>The budget deficit narrowed to 2.6% of GDP during the first four months of FY2020-21, compared to 3.1% in the same period last year, Maait said yesterday, according to <a href=\"https:\/\/bit.ly\/36EtsnH\">Al Mal<\/a>. State finances were bolstered by a 15.5% y-o-y increase in revenue, which was driven by a 11.4% rise in tax takings.<\/p>\n<p><strong>The primary surplus was considerably weaker this year though<\/strong>, coming in at EGP 5.5 bn compared to EGP 12 bn last year. Maait attributed the decline to increased spending on social programs and export subsidies.<\/p>\n<p><strong>We\u2019ll know more when the government releases final figures for FY2019-2020. <\/strong>The administration released some <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2a87de9d-a077-41e0-95c4-cbfd102a17d4\">preliminary data<\/a> for the full year back in July, but we still don\u2019t know officially how the economy performed in the third and fourth quarters of the last fiscal year, with the Finance Ministry having last published an official update in February covering <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/11420093-0712-45e3-81bd-1dc5f975f8e6\">1H2019-2020<\/a>. We did get a peek last week into the state\u2019s finances at the end of FY2019-2020, when <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cb83464a-f0fb-4a40-9ec8-41af42bbf9b1\">Maait mentioned<\/a> that the government had suffered a EGP 220 bn shortfall in revenues. Revenues, however, rose by 18.4% y-o-y during the following quarter, helped by a 14.1% increase in tax revenue, he said then.<\/p>\n<p><strong>Further into the future:<\/strong> The government is looking to narrow the budget deficit to 6.5% of GDP in FY2021-2022 from the targeted 7.5% this year, according to a Finance Ministry document picked up by <a href=\"https:\/\/www.nasdaq.com\/articles\/egypt-sees-deficit-falling-to-6.5-of-gdp-next-year-document-2020-11-16\">Reuters<\/a>. The ministry sees the country\u2019s debt pile continuing to rise, hitting 88% of GDP from the 83% forecast this year, despite expecting the average interest rate on government bonds to fall to 13% from 13,5% this year. It also eyeing a headline inflation rate between 6-12% during FY2021-2022, the same as the central bank\u2019s current target range.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fiscal-policy\/\">fiscal policy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mohamed-maait\/\">Mohamed Maait<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/speed-round\/\">SPEED ROUND<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"576256\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"576257\" 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=\"576257\">\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\">Spotlight<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/17\/a-shorter-window-in-which-to-remit-vat-will-see-tighter-credit-terms-and-squeezed-cashflows-at-some-businesses\/\">\r\n                            A shorter window in which to remit VAT will see tighter credit terms and squeezed cashflows at some businesses                        <\/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\/17\/a-shorter-window-in-which-to-remit-vat-will-see-tighter-credit-terms-and-squeezed-cashflows-at-some-businesses\/\" 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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Under <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/06281e82-be42-429f-9669-c84dd6a74985\">the changes<\/a>, businesses now need to file their VAT returns and remit payment within one month \u2014 instead of two \u2014 of an invoice being issued, payment being received, or a good \/ service being delivered. We surveyed businesses and industry lobby groups to get a feel for how these changes are affecting the business community and how companies are adjusting to meet the new requirements.<\/p>\n<p><strong>The bottom line: <\/strong>The challenge is greater for businesses that offer services or for those selling goods who extend supplier credit of more than one month without enjoying the same credit on the other side. Of the two, the challenge is probably greater at service businesses \u2014 think: lawyers, advertising agencies, accountancies \u2014 at which it\u2019s not unusual to have clients paying after 60-90 days.<\/p>\n<p><strong>The taxman says there have been few hiccups so far: <\/strong>While it\u2019s early days, the Tax Authority is seeing a \u201chigh level\u201d of compliance from businesses so far, the Tax Authority\u2019s director of taxpayer services Mohsen El Gayar and head of the research department Ragab Mahrous told us.<\/p>\n<p><strong>And don\u2019t expect business to rise up in rebellion over this the way some are about, say, export subsidies: <\/strong>Company officials were uniformly making arrangements to ensure they comply with the requirements.<\/p>\n<p><strong>But businesses are feeling the pressure:<\/strong> The most common grievance we\u2019re hearing is that the window to file VAT returns is now narrower than the typical business cycle of buying and selling goods and services. A senior representative from Arafa Group told us that, while not impossible to comply with, the new deadline does increase pressure on businesses. \u201cIt takes time to deliver our goods from point A to point B, and then more time for these deliveries to be sorted and stored in warehouses. There are issues that inevitably arise and slow down in the process, but we were typically able to smooth them out over the two-month filing period,\u201d they said.<\/p>\n<p><strong>The biggest issue is the hit to cashflow<\/strong> for businesses that buy and sell on credit over at least two or three months. Anyone not collecting an invoice in under a month will still need to remit VAT to the tax authority and will have to dip into their own pockets to pay on time, home appliances manufacturer Universal Group Chairman Mohamed Geneidy told us. The risk is that this translates into tighter credit terms from sellers to buyers, squeezing some buyers out.<\/p>\n<p><strong>Businesses that work with the government face the same issues:<\/strong> Cargo shipping companies that transport basic commodities such as wheat for the General Authority for Supply Commodities (GASC) need more than one month to load and ship cargo and finalize all the necessary paperwork, says head of hauling company El Zeny Group Ahmed El Zeny. The cashflow challenge is necessarily linked to that of navigating a bureaucracy \u2014 the companies collect their payments from GASC, which gets its funding through the Supply Ministry, which in turn needs to get approval from the Finance Ministry, El Zeiny explains. The process of getting the money through the pipeline for businesses to be able to meet their tax payments can sometimes take several months, he said.<\/p>\n<p><strong>Arafa and Universal agree that it\u2019s not an outright problem for businesses <\/strong>\u2014 provided the economy is operating smoothly and individual businesses aren\u2019t facing liquidity crunches.<\/p>\n<p><strong>What about businesses that rely on installment-based payments from consumers?<\/strong> Automotive distributors who sell vehicles through installment plans, remit VAT on their sales after the final payment is received from the customers, head of the Egyptian Automobile Manufacturers Association Khaled Saad told Enterprise. That\u2019s why the sellers issue their invoices dated for the day they receive the last installment, ensuring they have no mismatch between incoming and outgoing cash and have the benefit of having the full payment amount on hand, Saad explained.<\/p>\n<p><strong>On the real estate front, it depends on whether you\u2019re renting out fully furnished or unfurnished units:<\/strong> Sales of residential units are not subject to the VAT, but commercial space is, the head of a real estate developer who requested anonymity told Enterprise. Meanwhile, companies that rent out units are currently only required to pay a withholding tax on unfurnished units but have to collect VAT on furnished rentals. Al Ismaelia for Real Estate Investment, for example, has so far only rented out unfurnished units but will begin renting furnished units with equipment that will require the company to remit VAT on the monthly rent payments. A company source told Enterprise that, much like other businesses, the small window for VAT filing is \u201ca bit of a hassle\u201d but far from impossible to comply with \u2014 provided renters are paying on time.<\/p>\n<p><strong>So, how are businesses coping? Some companies are having to hire more staff<\/strong> to push through the process of selling their goods and collecting payments in half the amount of time. This is the case for Arafa Group, and while the move has helped the company keep up with the shorter time frame for its VAT filings and avoid having to dip into its pockets to pay the state treasury its due, it has also translated into more fixed costs, namely more salaries to pay, the company told Enterprise.<\/p>\n<p><strong>Other companies make sure their tax dues are accounted for in their payment cycles:<\/strong> For Al Ismaelia, the company relies largely on post-dated cheques from its renters to ensure that, when it comes time to remit taxes to the Tax Authority, the company doesn\u2019t find itself chasing after payments to meet its deadlines. If a unit is rented out under a five-year contract, for example, the company collects post-dated cheques at the beginning of each year for the 12 months ahead.<\/p>\n<p><strong>The Tax Authority\u2019s Mahrous does, however, expect businesses to more tightly manage inventory costs <\/strong>as a result of the change, saying companies will want to make sure that they don\u2019t incur extra costs on unused goods, he told Enterprise.<\/p>\n<p><strong>In a world where everyone buys and sells on credit, liquidity for costs of goods shouldn\u2019t be a problem, says the Finance Ministry. <\/strong>A manufacturer buys raw materials on credit and then sells its products to distributors on credit as well, which theoretically means they won\u2019t be shouldering the burden of both costs simultaneously, El Gayar said. Unless, of course, the buyer on the other side doesn\u2019t pay that invoice within 30 days\u2026<\/p>\n<p><strong>Anyone who has looked at an aged receivables report knows the bottom line: <\/strong>When business is good, remitting within 30 days won\u2019t be a challenge. But if your customers are under any type of economic stress, you can expect to be having uncomfortable conversations with some \u2014 and dipping into your own pockets to keep the tax man happy as you do.<\/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\/al-ismaelia-for-real-estate-investment\/\">Al Ismaelia for Real Estate Investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/unified-tax-act\/\">Unified Tax Act<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/vat\/\">VAT<\/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=\"576259\" 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=\"576259\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/17\/egypt-in-the-news-on-17-november-2020\/\">\r\n                            Egypt in the News on 17 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\/17\/egypt-in-the-news-on-17-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\/17\/egypt-in-the-news-on-17-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\/17\/egypt-in-the-news-on-17-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 17 November 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/11\/17\/egypt-in-the-news-on-17-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\/17\/egypt-in-the-news-on-17-november-2020\/&title=Egypt in the News on 17 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+17+November+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F11%2F17%2Fegypt-in-the-news-on-17-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\/17\/egypt-in-the-news-on-17-november-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-576259\" class=\"content-area-description single-story post-576259 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-egypt-in-the-news tag-enterpriseam tag-mohamed-salah tag-sports wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Topping coverage of Egypt in the foreign press this morning:<\/strong> Arsenal midfielder Mohamed Elneny has <a href=\"https:\/\/bit.ly\/32O9tl6\">tested positive for covid-19<\/a> after arriving in Togo with the national team for Tuesday\u2019s Africa Cup of Nations qualifier. He is the second Egyptian player to have contracted the virus since returning to Egypt for the international break after Mohamed Salah <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8d258dc2-dfca-4607-afc6-3eacc1023db5\">tested positive last week<\/a>. Everyone from <a href=\"https:\/\/www.skysports.com\/football\/news\/11670\/12134294\/mohamed-elneny-arsenal-midfielder-isolating-in-egypt-after-postive-covid-test\">Sky Sports<\/a> to the <a href=\"https:\/\/www.bbc.com\/sport\/football\/54968257\">BBC<\/a> is piling into the story.<\/p>\n<p><strong>Egypt plays the Berlin Game:<\/strong> An Egyptian man working in the German press office has been charged by prosecutors for allegedly spying for the General Intelligence Service, <a href=\"https:\/\/www.washingtonpost.com\/politics\/courts_law\/germany-charges-press-office-worker-with-spying-for-egypt\/2020\/11\/16\/04256cb8-2815-11eb-9c21-3cc501d0981f_story.html\">the Associated Press<\/a> reports. He has been charged with compiling dossiers on the German government\u2019s policies towards Egypt and attempting to recruit others to work with the GIS.<\/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\/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\/mohamed-salah\/\">Mohamed Salah<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sports\/\">sports<\/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=\"576260\" 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=\"576260\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">Worth Listening<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/17\/how-arqam-fc-went-from-a-local-luxury-to-a-global-necessity\/\">\r\n                            How Arqam FC went from a local luxury to a global necessity                        <\/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\/17\/how-arqam-fc-went-from-a-local-luxury-to-a-global-necessity\/\" 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\/17\/how-arqam-fc-went-from-a-local-luxury-to-a-global-necessity\/')\">\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\/17\/how-arqam-fc-went-from-a-local-luxury-to-a-global-necessity\/\">\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=How Arqam FC went from a local luxury to a global necessity&url=https:\/\/enterpriseam.com\/egypt\/2020\/11\/17\/how-arqam-fc-went-from-a-local-luxury-to-a-global-necessity\/\">\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\/17\/how-arqam-fc-went-from-a-local-luxury-to-a-global-necessity\/&title=How Arqam FC went from a local luxury to a global necessity\">\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=How+Arqam+FC+went+from+a+local+luxury+to+a+global+necessity+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F11%2F17%2Fhow-arqam-fc-went-from-a-local-luxury-to-a-global-necessity%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\/17\/how-arqam-fc-went-from-a-local-luxury-to-a-global-necessity\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/11\/184.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"576261\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/17\/how-arqam-fc-went-from-a-local-luxury-to-a-global-necessity\/184-jpg-15\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/11\/184.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"184.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/11\/184.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/11\/184.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-576260\" class=\"content-area-description single-story post-576260 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-listening tag-arqamfc tag-enterpriseam tag-making-it tag-sports tag-statsbomb tag-worth-listening wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The Egyptian company helping European football call the shots:<\/strong> Arqam FC started as a sports blog and in just a few years became a global sports data company when it was acquired by UK-based Statsbomb in 2019. Arqam\u2019s CEO Ali ElFakharany tells us in this week\u2019s episode of Making It how he went from a local luxury item to an essential product used for a competitive edge by 42 teams across the Premier League, Ligue 1 and the Bundesliga.<\/p>\n<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\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\/arqamfc\/\">ArqamFC<\/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\/sports\/\">sports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/statsbomb\/\">Statsbomb<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/worth-listening\/\">WORTH LISTENING<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"576262\" 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=\"576262\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/17\/diplomacy-foreign-trade-on-17-november-2020\/\">\r\n                            Diplomacy + Foreign Trade on 17 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\/17\/diplomacy-foreign-trade-on-17-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\/17\/diplomacy-foreign-trade-on-17-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\/17\/diplomacy-foreign-trade-on-17-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 17 November 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/11\/17\/diplomacy-foreign-trade-on-17-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\/17\/diplomacy-foreign-trade-on-17-november-2020\/&title=Diplomacy + Foreign Trade on 17 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+17+November+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F11%2F17%2Fdiplomacy-foreign-trade-on-17-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\/17\/diplomacy-foreign-trade-on-17-november-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-576262\" class=\"content-area-description single-story post-576262 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-diplomacy tag-diplomacy-foreign-trade tag-enterpriseam tag-ethiopia tag-germany tag-israel tag-palestine tag-politics tag-tunisia tag-war wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Topping diplomatic coverage this morning:<\/strong> <strong>Egypt will receive EUR <\/strong><strong>132.8 <\/strong><strong>mn from Germany to fund 11 development projects<\/strong> in 2021, according to a cabinet <a href=\"https:\/\/bit.ly\/3nFJ5SP\">statement<\/a>. The projects span vocational and technical training, private sector support, solid waste management, water efficiency, digital governance, administrative reform, and other areas.<\/p>\n<p><strong>On to trade: <\/strong>Egypt\u2019s commercial rep office in Tunisia thinks there\u2019s room for an Egyptian-Tunisian bank to facilitate trade and promote investment, Amwal Al Ghad reports, citing state-run news agency MENA.<\/p>\n<p><strong>Moving on to politics<\/strong>, <strong>the Foreign Ministry has condemned Israel\u2019s decision to establish a Jewish <\/strong><strong>district in east Jerusalem<\/strong>, expressing \u201cdeep concern\u201d that the development will further erode the chances of a two-state solution in <a href=\"https:\/\/bit.ly\/2H5K9Q9\">a statement<\/a>. The Israeli government on Sunday invited bids to construct more than 1.2k apartments in east Jersualeml in a move <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-11-15\/israel-pushes-forward-east-jerusalem-building-before-trump-exits?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg<\/a> says is designed to further cut off the city from the West Bank and prevent a future Palestinian capital in the east of the city.<\/p>\n<p><strong>Industrial investors are concerned about the fate of Egyptian-owned factories in <\/strong><strong>Ethiopia\u2019s Tigray region<\/strong> as government forces continue to clash with rebel militia. Alaa El Saqty, the head of the Egyptian industrial zone in Ethiopia, said yesterday that factories established in the regional capital worth mns of USD are at risk of being destroyed as the government bombs the city, <a href=\"https:\/\/bit.ly\/3ns2oyI\">Masrawy<\/a> reports. The businesses have already suffered heavy losses after the conflict forced Egyptian workers to flee the country and operations to shutter, he said.<\/p>\n<p><strong>Egyptian naval forces are en route to the Black Sea<\/strong> to conduct drills alongside the Russian military, the Armed Forces <a href=\"https:\/\/bit.ly\/3f6h4Rh\">said<\/a> yesterday. This comes as <strong>Russia announced plans to expand its regional military footprint with a<\/strong><strong> naval base in Sudan<\/strong>, <a href=\"https:\/\/www.ft.com\/content\/6c3ccb03-8e4a-4c1a-8240-d7493f70ef59\">the Financial Times<\/a> reports.<\/p>\n<p><strong>And what about ending the 3+ year dispute with Qatar?<\/strong> \u201cIt\u2019s not on anyone\u2019s priority list,\u201d UAE ambassador to the US Yousef Al Otaiba <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-11-16\/uae-envoy-says-ending-qatar-rift-not-on-anyone-s-priority-list?srnd=premium-middle-east&sref=mmeFTDW1\">told a panel<\/a> hosted by The Economic Club of Washington DC this week.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy-foreign-trade\/\">Diplomacy + Foreign Trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ethiopia\/\">Ethiopia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/israel\/\">Israel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/palestine\/\">Palestine<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/politics\/\">politics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tunisia\/\">Tunisia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/war\/\">war<\/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=\"576263\" 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=\"576263\">\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\">Manufacturing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/17\/chinese-clothes-maker-handas-sharqiya-factory-to-go-live-in-2021\/\">\r\n                            Chinese clothes maker Handa\u2019s Sharqiya factory to go live in 2021                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/17\/chinese-clothes-maker-handas-sharqiya-factory-to-go-live-in-2021\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2020\/11\/17\/chinese-clothes-maker-handas-sharqiya-factory-to-go-live-in-2021\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2020\/11\/17\/chinese-clothes-maker-handas-sharqiya-factory-to-go-live-in-2021\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Chinese clothes maker Handa\u2019s Sharqiya factory to go live in 2021&url=https:\/\/enterpriseam.com\/egypt\/2020\/11\/17\/chinese-clothes-maker-handas-sharqiya-factory-to-go-live-in-2021\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2020\/11\/17\/chinese-clothes-maker-handas-sharqiya-factory-to-go-live-in-2021\/&title=Chinese clothes maker Handa\u2019s Sharqiya factory to go live in 2021\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Chinese+clothes+maker+Handa%E2%80%99s+Sharqiya+factory+to+go+live+in+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F11%2F17%2Fchinese-clothes-maker-handas-sharqiya-factory-to-go-live-in-2021%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/17\/chinese-clothes-maker-handas-sharqiya-factory-to-go-live-in-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-576263\" class=\"content-area-description single-story post-576263 post type-post status-publish format-standard hentry category-manufacturing tag-enterpriseam tag-manufacturing tag-textiles wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Chinese clothing manufacturer <a href=\"https:\/\/www.handa.com.cn\/en\/about.aspx\">Handa<\/a> has completed its USD 20 mn clothing factory in Sharqiya and plans to start production in February 2021, a Chinese embassy official told <a href=\"https:\/\/bit.ly\/2Uycf9C\">Al Mal<\/a>. Company director Han Chen <a href=\"https:\/\/enterprise.press\/stories\/2019\/11\/17\/hong-kongs-handa-to-invest-usd-100-mn-in-egypt-jute-textiles-factory-6363\/\">said last year<\/a> that the Hong-Kong-based company planned to invest USD 100 mn in the Egyptian clothing market, and would begin with an initial investment of USD 10 mn, without specifying a timeline.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/textiles\/\">textiles<\/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=\"576264\" 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=\"576264\">\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\">Tourism<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/17\/suez-canal-authority-reduces-fees-for-cruise-ships-by-50\/\">\r\n                            Suez Canal Authority reduces fees for cruise ships by 50%                        <\/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\/17\/suez-canal-authority-reduces-fees-for-cruise-ships-by-50\/\" 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\/17\/suez-canal-authority-reduces-fees-for-cruise-ships-by-50\/')\">\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\/17\/suez-canal-authority-reduces-fees-for-cruise-ships-by-50\/\">\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=Suez Canal Authority reduces fees for cruise ships by 50%&url=https:\/\/enterpriseam.com\/egypt\/2020\/11\/17\/suez-canal-authority-reduces-fees-for-cruise-ships-by-50\/\">\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\/17\/suez-canal-authority-reduces-fees-for-cruise-ships-by-50\/&title=Suez Canal Authority reduces fees for cruise ships by 50%\">\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=Suez+Canal+Authority+reduces+fees+for+cruise+ships+by+50%25+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F11%2F17%2Fsuez-canal-authority-reduces-fees-for-cruise-ships-by-50%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\/17\/suez-canal-authority-reduces-fees-for-cruise-ships-by-50\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-576264\" class=\"content-area-description single-story post-576264 post type-post status-publish format-standard hentry category-tourism tag-enterpriseam tag-suez-canal tag-suez-canal-authority tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Cruise ships passing through the Suez Canal will get a 50% discount on fees provided that they spend no less than 48 hours in two Egyptian ports, Suez Canal Authority head Osama Rabie <a href=\"https:\/\/www.suezcanal.gov.eg\/Arabic\/MediaCenter\/News\/Pages\/11-11-2020.aspx\">said in a meeting<\/a> with Tourism Ministry officials on Wednesday. The discounts come as part of joint efforts between the authority and the ministry to boost tourism at Egyptian port cities along the Mediterranean and Red Sea coasts.<\/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\/suez-canal\/\">Suez Canal<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/suez-canal-authority\/\">Suez Canal Authority<\/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=\"576265\" 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=\"576265\">\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\">Other Business News of Note<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/17\/egypt-kuwait-holding-increases-stake-in-mohandes-insurance-by-another-2\/\">\r\n                            Egypt Kuwait Holding increases stake in Mohandes Insurance by another 2%                        <\/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\/17\/egypt-kuwait-holding-increases-stake-in-mohandes-insurance-by-another-2\/\" 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\/17\/egypt-kuwait-holding-increases-stake-in-mohandes-insurance-by-another-2\/')\">\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\/17\/egypt-kuwait-holding-increases-stake-in-mohandes-insurance-by-another-2\/\">\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 Kuwait Holding increases stake in Mohandes Insurance by another 2%&url=https:\/\/enterpriseam.com\/egypt\/2020\/11\/17\/egypt-kuwait-holding-increases-stake-in-mohandes-insurance-by-another-2\/\">\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\/17\/egypt-kuwait-holding-increases-stake-in-mohandes-insurance-by-another-2\/&title=Egypt Kuwait Holding increases stake in Mohandes Insurance by another 2%\">\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+Kuwait+Holding+increases+stake+in+Mohandes+Insurance+by+another+2%25+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F11%2F17%2Fegypt-kuwait-holding-increases-stake-in-mohandes-insurance-by-another-2%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\/17\/egypt-kuwait-holding-increases-stake-in-mohandes-insurance-by-another-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-576265\" class=\"content-area-description single-story post-576265 post type-post status-publish format-standard hentry category-other-business-news-of-note tag-egypt-kuwait-holding tag-enterpriseam tag-investment-watch tag-non-banking-financial-services tag-other-business-news-of-note wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Egypt Kuwait Holding (EKH) has purchased another 2% stake in <a href=\"http:\/\/www.mohins.com\/\">Mohandes Insurance<\/a>, just a few days after <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/398ce7b8-b5be-4850-906b-9275adeb358b\">it doubled its ownership<\/a> in the insurance provider, according to <a href=\"https:\/\/ent.news\/2020\/11\/%D8%A7%D9%84%D9%85%D9%87%D9%86%D8%AF%D8%B3-%D9%84%D9%84%D8%AA%D8%A7%D9%85%D9%8A%D9%86-%D8%A8%D8%B9%D8%AF-%D8%A7%D9%84%D8%AA%D9%86%D9%81%D9%8A%D8%B0-16-11-2020.pdf\">a regulatory filing (pdf)<\/a>. EKH now holds 22% in Mohandes. Pharos Holding executed the transaction on the OTC market.<\/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\/egypt-kuwait-holding\/\">Egypt Kuwait Holding<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/non-banking-financial-services\/\">non-banking financial services<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/other-business-news-of-note\/\">Other Business News of Note<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"576266\" 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=\"576266\">\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\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/17\/egyptian-breaks-record-for-longest-dive-after-staying-underwater-for-almost-six-days\/\">\r\n                            Egyptian breaks record for longest dive after staying underwater for almost six days                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/17\/egyptian-breaks-record-for-longest-dive-after-staying-underwater-for-almost-six-days\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2020\/11\/17\/egyptian-breaks-record-for-longest-dive-after-staying-underwater-for-almost-six-days\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2020\/11\/17\/egyptian-breaks-record-for-longest-dive-after-staying-underwater-for-almost-six-days\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egyptian breaks record for longest dive after staying underwater for almost six days&url=https:\/\/enterpriseam.com\/egypt\/2020\/11\/17\/egyptian-breaks-record-for-longest-dive-after-staying-underwater-for-almost-six-days\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2020\/11\/17\/egyptian-breaks-record-for-longest-dive-after-staying-underwater-for-almost-six-days\/&title=Egyptian breaks record for longest dive after staying underwater for almost six days\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egyptian+breaks+record+for+longest+dive+after+staying+underwater+for+almost+six+days+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F11%2F17%2Fegyptian-breaks-record-for-longest-dive-after-staying-underwater-for-almost-six-days%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/17\/egyptian-breaks-record-for-longest-dive-after-staying-underwater-for-almost-six-days\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/11\/186.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"576267\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/17\/egyptian-breaks-record-for-longest-dive-after-staying-underwater-for-almost-six-days\/186-jpg-22\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/11\/186.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"186.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/11\/186.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/11\/186.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-576266\" class=\"content-area-description single-story post-576266 post type-post status-publish format-standard has-post-thumbnail hentry category-on-your-way-out tag-enterpriseam tag-south-sinai wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Egyptian diver Saddam Al Kilany may have set a new world record for the longest dive <\/strong><strong>after the 29-year-old stayed underwater in the Red Sea off Dahab for nearly six days<\/strong> \u2014 or 145 hours and 30 minutes to be exact, according to <a href=\"https:\/\/www.upi.com\/Odd_News\/2020\/11\/13\/Egyptian-scuba-diver-stays-underwater-for-145-hours\/8821605287654\/\">UPI<\/a>. The current world record is 142 hours and 47 minutes and was set by Cem Karabay in Cyprus in 2016. Al Kilany has sent the video to Guinness World Records and is awaiting recognition. Al Kilany had previously made headlines when he held his engagement underwater (<a href=\"https:\/\/bit.ly\/3ntgj7L\">watch, runtime: 01:12<\/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\/south-sinai\/\">South Sinai<\/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=\"576268\" 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=\"576268\">\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\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/17\/the-market-yesterday-209\/\">\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\/17\/the-market-yesterday-209\/\" 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\/17\/the-market-yesterday-209\/')\">\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\/17\/the-market-yesterday-209\/\">\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\/17\/the-market-yesterday-209\/\">\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\/17\/the-market-yesterday-209\/&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%2F17%2Fthe-market-yesterday-209%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\/17\/the-market-yesterday-209\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-576268\" class=\"content-area-description single-story post-576268 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 15.59 | Sell 15.69<\/p>\n<p> <strong>EGP \/ USD at CIB:<\/strong> Buy 15.59 | Sell 15.69<br \/>\n <strong>EGP \/ USD at NBE: <\/strong>Buy 15.60 | Sell 15.70<\/p>\n<p><strong>EGX30<\/strong> (Monday): 10,991 (+0.4%)<br \/>\n <strong>Turnover:<\/strong> EGP 1.5 bn (33% above the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: -21.3%<\/p>\n<p><strong>THE MARKET ON MONDAY:<\/strong> The EGX30 ended Monday\u2019s session up 0.4%. CIB, the index\u2019s heaviest constituent, ended down 0.3%. EGX30\u2019s top performing constituents were Elsewedy Electric up 3.5%, TMG Holding up 3.3%, and GB Auto up 2.9%. Yesterday\u2019s worst performing stocks were Ibnsina Pharma down 4.1%, Export Development Bank down 3.3% and Pioneers Holding down 1.2%. The market turnover was EGP 1.5 bn, and local investors were the sole net sellers.<\/p>\n<p><strong>Foreigners<\/strong>: Net long | EGP +1.5 mn<br \/>\n <strong>Regional<\/strong>: Net long | EGP +23.9 mn<br \/>\n <strong>Domestic<\/strong>: Net short | EGP -25.3 mn<\/p>\n<p><strong>Retail<\/strong>: 77.5% of total trades | 74.6% of buyers | 80.4% of sellers<br \/>\n <strong>Institutions<\/strong>: 22.5% of total trades | 25.4% of buyers | 19.6% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 41.43 (+0.22%)<br \/>\n <strong>Brent:<\/strong> USD 43.82 (+2.43%)<\/p>\n<p><strong>Natural Gas:<\/strong> (Nymex, futures prices) USD 2.70 MMBtu, (-0.04%, December 2020 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,888.60 \/ troy ounce (+0.04%)<\/p>\n<p><strong>TASI:<\/strong> 8,526 (+0.29%) (YTD: +1.64%)<br \/>\n <strong>ADX:<\/strong> 4,951 (+1.64%) (YTD: -2.44%)<br \/>\n <strong>DFM:<\/strong> 2,299 (+1.32%) (YTD: -16.85%)<br \/>\n <strong>KSE Premier Market:<\/strong> 6,013 (+0.35%)<br \/>\n <strong>QE:<\/strong> 10,227 (+0.24%) (YTD: -1.90%)<br \/>\n <strong>MSM:<\/strong> 3,643 (+0.05%) (YTD: -8.48%)<br \/>\n <strong>BB: <\/strong>1,446 (+0.47%) (YTD: -10.16%)<\/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=\"576269\" 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\/17\/576269\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-576269\" class=\"content-area-description single-story post-576269 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>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>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> and <a href=\"https:\/\/trans-mea.com\/\">TransMEA 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>31 December (Thursday): Egypt-UK post-Brexit trade agreement <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/3\/12\/393664\/Business\/Economy\/EgyptUK-trade-agreement-takes-effect--December-UK-.aspx\">to take effect<\/a>.<\/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":576239,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-576238","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"b2378ef5-7d0c-46c3-a673-3bbb7d21fd65","teaser":"","photo_url":"https:\/\/ent.news\/2020\/11\/177.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>More covid stimulus coming if there\u2019s a second wave - 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\/more-covid-stimulus-coming-if-theres-a-second-wave\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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