{"id":576318,"date":"2020-11-19T04:00:34","date_gmt":"2020-11-19T04:00:34","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=576318"},"modified":"2025-12-16T10:47:54","modified_gmt":"2025-12-16T10:47:54","slug":"idh-considers-egx-listing-more-good-vaccine-news","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/idh-considers-egx-listing-more-good-vaccine-news\/","title":{"rendered":"IDH considers EGX listing + more good vaccine news"},"content":{"rendered":"<section id=\"576320\" 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=\"576320\">\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\/19\/what-were-tracking-on-19-november-2020\/\">\r\n                            What we\u2019re tracking on 19 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\/19\/what-were-tracking-on-19-november-2020\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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This came after Prime Minister Moustafa Madbouly <a href=\"https:\/\/bit.ly\/3lNxS1O\">warned during the weekly cabinet meeting<\/a> that the wave currently gripping other countries is <strong>\u201cmore dangerous and widespread\u201d<\/strong> than the first, and said that <strong>\u201cwork must be done\u201d to ensure Egypt doesn\u2019t fall into the same situation.<\/strong> He called on authorities to be more vigilant in cracking down on people caught violating anti-covid precautions and urged people to work from home wherever possible.<\/p><p><strong>We\u2019re using 20% of our available ventilators and 47% of our special care beds<\/strong>, Health Minister Hala Zayed <a href=\"https:\/\/tinyurl.com\/yx9jkmzx\">said at the cabinet meeting<\/a> yesterday. The minister reiterated the WHO\u2019s warning about the long term health repercussions of covid-19, and said that those who had recovered from the virus would still be able to receive a vaccine once it becomes available since we\u2019re not yet sure how long a person stays immune after recovering.<\/p><p><strong>There is good news though: <\/strong>Pfizer and BioNTech's final vaccine results showed a 95% success rate with no short-term safety concerns, paving the way for the two companies to apply for emergency approval in the US and European Union in the coming days. Trials on adults aged over 65 showed a slightly lower efficacy rate of 94%, but still above the initial 90% <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/15251d8f-7d6f-4f5a-a6ea-054938e64a34\">reported last week<\/a>. The vaccine\u2019s effectiveness is just a hair above <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/92aa5043-16ab-4c50-bd22-1ac4329e9fc3\">Moderna\u2019s preliminary 94.5% figure<\/a> and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2c64b1f9-f489-4563-ab33-86d9b6f42c9d\">Russia\u2019s Sputnik V\u2019s 92%<\/a>. <strong>Both Moderna and Pfizer\u2019s vaccines are likely to be approved before the end of the year.<\/strong> The story made it to the front pages everywhere, from <a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-vaccines-pfizer\/pfizer-ends-its-covid-19-vaccine-trial-with-a-95-success-rate-idUSKBN27Y1GM\">Reuters<\/a> and the <a href=\"https:\/\/www.ft.com\/content\/cd7973f0-3f06-4a54-a79e-1f705a80fc2d\">Financial Times<\/a> to <a href=\"https:\/\/edition.cnn.com\/2020\/11\/18\/health\/pfizer-coronavirus-vaccine-safety\/index.html\">CNN<\/a> and <a href=\"https:\/\/www.theguardian.com\/world\/2020\/nov\/18\/pfizer-covid-19-vaccine-95-effective-and-safe-further-tests-show\">the Guardian<\/a>.<\/p><p><strong>Chinese competitor Sinovac Biotech isn\u2019t enjoying such great results:<\/strong> Its creatively-named CoronaVac vaccine showed inconclusive results in its first two phases of clinical trials, generating a lower level of antibodies than seen in people who had been diagnosed with covid-19, the <a href=\"https:\/\/www.wsj.com\/articles\/chinese-covid-vaccine-gives-scientists-pause-over-antibody-levels-in-early-trials-11605725159?mod=searchresults_pos1&amp;page=1\">Wall Street Journal<\/a> reports.<\/p><p><strong>But reel in the excitement, as it will still be months before a large-scale rollout can <\/strong><strong>begin \u2014 and even longer for the vaccine gets to countries like Egypt.<\/strong> Pfizer and BioNTech\u2019s vaccine is synthetic mRNA and needs to be stored at -70\u00b0C which is rarely available outside of (really) major hospitals in developed countries. And \u2014 as the WHO <a href=\"https:\/\/www.cnbc.com\/2020\/11\/18\/who-warns-vaccine-wont-help-countries-fend-off-current-wave-of-infections-.html\">reminded us yesterday<\/a> \u2014 even if a vaccine is rolled out this winter, it\u2019s not going to save us from the current wave of infections<\/p><p><strong>This comes as Africa\u2019s covid-19 case count passes the 2 mn mark.<\/strong> While this represents just 4% of the cases reported globally, the figure is likely underestimating the extent of the outbreak on the continent, given the weaker testing capacity, <a href=\"https:\/\/www.reuters.com\/article\/idUSKBN27Y2CZ\">Reuters<\/a> says.<\/p><p><strong>US stocks weren\u2019t impressed with the extra percentage points<\/strong>, focusing more on the surging case count and the new restrictions being introduced across the country. New York City took drastic action to contain the virus yesterday, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-11-18\/nyc-schools-to-shut-tomorrow-de-blasio-says-on-twitter?srnd=premium&amp;sref=mmeFTDW1\">re-closing schools across the city<\/a> and threatening to shutter all non-essential businesses. The Dow Jones and S&amp;P 500 both fell 1.16% on the news, while the tech-heavy Nasdaq \u2014 so often a beneficiary of the pandemic \u2014 lost 0.8%. <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-11-17\/asian-stocks-eye-muted-start-treasury-yields-drop-markets-wrap?sref=mmeFTDW1\">Bloomberg<\/a> and <a href=\"https:\/\/www.reuters.com\/article\/us-usa-stocks\/wall-street-dives-as-shutdown-worries-overshadow-vaccine-hopes-idUSKBN27Y1NS\">Reuters<\/a> have more.<\/p><p><strong>Asian shares were marginally down at the time of dispatch this morning<\/strong>, while the US markets are on course to open in the red later today.<\/p><p><strong>SPEAKING OF MARKETS: Emerging market stocks are going to be the equity play of 2021.<\/strong> Half of fund managers surveyed by the Bank of America said they would rather put their money in EM stocks than in oil or the S&amp;P 500, the <a href=\"https:\/\/www.ft.com\/content\/71a3f833-66e3-48bc-9bff-aae8978b8796\">Financial Times<\/a> reports. Positive vaccine test results from Pfizer and Moderna have inspired a wave of confidence that saw EM equities climb 2.3% since the announcements, according to MSCI\u2019s emerging market index. \u201cThese results have likely removed some pessimism about the medium-term trajectory of the virus and its consequences on the global economy,\u201d said Barclays strategist Andreas Kolbe, adding that undervalued EM currencies and assets stand to gain from lower volatility.<\/p><hr class=\"grey-line\"><p><strong>Are we going to see a new wave of antitrust enforcement? <\/strong>Trade Minister Nevine Gamea directed the Egyptian Competition Authority\u2019s newly-appointed acting chairman, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b5b149f2-d5c1-48de-b358-672d2df56fd0\">Ibrahim El Segeny<\/a>, to hold periodic meetings to \u201cswiftly\u201d address pending cases and reports of antitrust violations, <a href=\"https:\/\/ent.news\/2020\/11\/ECA-directive-12.11.2020.jpg\">the authority recently said<\/a>. The authority has already looked into cases in industries including pulp and paper, mobile phones, automotives, steel, and oil services during its first meeting last week, according to the statement, which did not specify what companies it is looking at.<\/p><p><strong>Candidates standing in runoff elections have been told to shush<\/strong> as voters return to the polls to settle the remaining 110 seats from the first round of voting for the House of Representatives held <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/15a7eff2-43a2-4be8-a0e8-cf96d3ec67c3\">last month<\/a> in Giza and other governorates, reports <a href=\"https:\/\/bit.ly\/35J7rVz\">Youm7<\/a>. Those voting abroad can <a href=\"https:\/\/bit.ly\/2IPGMx2\">head to the polls<\/a> today through Monday; voters at home can cast their ballots on Monday and Tuesday. The pro-government Mostaqbal Watan party <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f7088b6a-3ab0-4d85-a2c3-134bf1433699\">has dominated proceedings so far<\/a>, putting it on course to take legislative control of the House, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/331772bb-8af5-4623-a4dd-7b568a447361\">in addition to the Senate<\/a>.<\/p><p><strong>Meanwhile, our newly-elected Senate will vote on draft legislation setting its bylaws whe<\/strong><strong>n <\/strong><strong>it reconvenes on 29 November<\/strong>, <a href=\"https:\/\/bit.ly\/32UQjdC\">Al Mal<\/a> reports. The 300-article bill would see the chamber vote on constitutional amendments and any bills referred to it by the House of Representatives or the president, and ratify international treaties.<\/p><p><strong>We could know more about Egypt\u2019s commodities exchange (Egycomex) next <\/strong><strong>month<\/strong>, when a meeting to finalize trading guidelines and eligibility rules for commodity traders on the marketplace is scheduled, exchange Chairman Ibrahim Ashmawy said, according to <a href=\"https:\/\/bit.ly\/3pMnWZ1\">Al Mal<\/a>. The exchange is expected to be <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/448d2768-4310-463e-af98-dcd93cbfd05a\">up and running in the first half of 2021<\/a> and will launch with only wheat as a tradeable commodity.<\/p><p><strong>Airlines flying to Egypt\u2019s tourist hotspots will get a 50% discount on landing and <\/strong><strong>docking fees<\/strong> as well as 20% off on-the-ground plane services, Civil Aviation Minister Mohamed Manar announced in the official gazette yesterday, <a href=\"https:\/\/bit.ly\/35FnEed\">Masrawy<\/a> reports. The discounts came into effect starting November and will continue for six months until the end of April. The decision applies to airlines flying to the Red Sea, Luxor, Aswan, South Sinai and Matrouh. Egypt is trying to resuscitate a tourism sector hammered by covid-19: Monthly tourism receipts have fallen <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/208459ce-0af4-4af3-b83f-04a417b32cb8\">almost 90%<\/a> this year.<\/p><p class=\"web-image\"><a href=\"https:\/\/www.ft.com\/content\/18527e0c-6f02-4c70-93cb-c26c3680c8ad\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/11\/Global-debt_9M2020_1600px.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p><p><a id=\"tldr-story-08\" class=\"content-anchor\"><\/a> <strong>Global debt is rising at a scary pace thanks to pandemic spending<\/strong>, increasing by USD 15 tn in just the first nine months of this year to hit a record USD 272 tn by the end of the third quarter, the Institute of International Finance said yesterday. This \u201ctsunami\u201d of debt is expected to hit USD 277 tn (365% of GDP) by the end of the year, raising \u201csignificant uncertainty\u201d about how the world will ever unwind it without causing a global economic shock, it said.<\/p><p><strong>Sudanese banks are on track to reconnect with the global financial system <\/strong>after spending years in isolation from foreign banks while the country remained on the US\u2019 state sponsor of terrorism list, <a href=\"https:\/\/www.reuters.com\/article\/idUSL8N2I34MV\">Reuters<\/a> reports. Al Baraka Bank Sudan completed the country\u2019s first USD transaction in almost 20 years last month, Al Baraka Bank Egypt\u2019s general manager, Elrasheed Abdel Rahman Ali, said. The US is currently in the process of expunging Sudan from the list which would allow the country to re-establish ties with foreign banks.<\/p><p><strong>The Boeing 737 Max is airborne again:<\/strong> US regulators have cleared Boeing to use its 737 Max for passenger flights, ending a 1.5-year hiatus following two crashes that killed more than 300 people, <a href=\"https:\/\/www.wsj.com\/articles\/boeing-737-max-to-fly-again-but-now-coronavirus-has-sapped-demand-11605695402\">the Wall Street Journal<\/a> reports.<\/p><p><strong>FOR THE iSHEEP AMONG US: Apple is slashing to 15% the commission it takes from <\/strong><strong>most app developers<\/strong>, the company said in a <a href=\"https:\/\/www.apple.com\/newsroom\/2020\/11\/apple-announces-app-store-small-business-program\/?afid=p239%7C10078&amp;cid=aos-us-aff-ir\">statement<\/a> on Wednesday. Meanwhile, reviews of M1 chips just keep rolling in. You\u2019ll want to check out the Verge\u2019s take on the <a href=\"https:\/\/www.theverge.com\/21569603\/apple-macbook-air-m1-review-price-specs-features-arm-silicon\">MacBook Air<\/a> and <a href=\"https:\/\/www.theverge.com\/21570497\/apple-macbook-pro-2020-m1-review\">MacBook Pro<\/a>, while the hardcore will find lots in <a href=\"https:\/\/om.co\/2020\/11\/17\/why-m1-chip-by-apple-matters\/\">Om Malik\u2019s take<\/a> (he spoke with top Apple honchos) and <a href=\"https:\/\/daringfireball.net\/2020\/11\/the_m1_macs\">Mac geek John Gruber\u2019s exhaustive look<\/a>.<\/p><hr class=\"grey-line\"><p><strong>Football star Mohamed Salah is staying in Egypt after he again tested positive for <\/strong><strong>covid-19 yesterday<\/strong>, according to an Egyptian Football Association <a href=\"https:\/\/bit.ly\/3lVDF5H\">statement<\/a>. Salah would have been allowed to return to the UK today if the swab test had turned up negative, according to <a href=\"https:\/\/www.thescottishsun.co.uk\/sport\/football\/6294944\/mo-salah-liverpool-coronavirus-negative-test-leicester\/\">The Sun<\/a>. The Liverpool midfielder was hoping to play in Sunday\u2019s Liverpool vs Leicester match and requested he be tested earlier, an unnamed source close to Salah told <a href=\"https:\/\/bit.ly\/2ISiZMU\">Youm7<\/a>. He has been isolating in Egypt since it was announced <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/99a6ca73-945a-43a8-9bb3-70e01e484a6c\">this week<\/a> that he contracted the virus. Mohamed Elneny has also tested positive <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c805ce2f-2854-425c-9532-bcf0a9391157\">again<\/a>.<\/p><p><strong>Meanwhile, <\/strong><strong>Ahmed Hassan Kouka became the third player to test positive for covid-19<\/strong>, the Egyptian Football Association said in a <a href=\"https:\/\/bit.ly\/3nAor6j\">statement<\/a> on Wednesday.<\/p><p><strong>The foreign press is all over Mohamed Salah this morning<\/strong>, from the <a href=\"https:\/\/apnews.com\/article\/mohamed-salah-international-soccer-egypt-cairo-coronavirus-pandemic-6f233228894adf7479e377018c47b888\">Associated Press<\/a> to <a href=\"https:\/\/www.skysports.com\/football\/news\/11669\/12134671\/mohamed-salah-tests-positive-for-coronavirus-again\">Sky Sports<\/a>, as were the talk shows (Masaa DMC\u2019s Ramy Radwan was typical \u2014 <a href=\"https:\/\/www.youtube.com\/watch?v=_anxwrIPRaw&amp;t=262s\">watch, runtime: 10:25<\/a>).<\/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>FROM THE DEPARTMENT OF KUDOS-<\/strong><\/p><p><strong>#1- <\/strong><strong>Ten AUC professors have made it onto Stanford\u2019s list of the top 2% most-cited <\/strong><strong>scientists<\/strong> in the world, the university said in <a href=\"https:\/\/ent.news\/2020\/11\/AUC-Stanford-University-list-en-converted.pdf\">a statement (pdf)<\/a>. A total of 396 Egyptian scientists made the list, Higher Education Ministry spokesperson Hossam Abd El Ghaffar told Al Hayah Al Youm\u2019s Lobna Assal last night <a href=\"https:\/\/www.youtube.com\/watch?v=sosqXayitHs\">(watch, runtime: 6:00)<\/a>.<\/p><p><strong>#2<\/strong><strong> Egypt\u2019s tourism industry raked in the awards this week: Hilton Alexandria King's <\/strong><strong>Ranch<\/strong> won a country award in the luxury family hotel category at the <a href=\"https:\/\/www.luxuryhotelawards.com\/winner\/the-14th-annual-world-luxury-hotel-awards-winners-2020\/?sorts%23winners-table%5Bhotel%5D=1&amp;perPage%23winners-table=100\">World Luxury Hotel Awards 2020<\/a> while <strong>Baron Palace Sahl Hasheesh<\/strong> received a country award in the Luxury Honeymoon Resort category.<\/p><p><strong>Egypt placed second in the 2020 DIVE Travel Awards for the second year in the row<\/strong>, trailing behind Indonesia as the world\u2019s best diving destination, according to <a href=\"http:\/\/divemagazine.co.uk\/travel\/9189-the-winners-dive-travel-awards-2020\">Dive Magazine<\/a>. The Red Sea\u2019s <a href=\"https:\/\/www.emperordivers.com\/sharm-diving.php?gclid=Cj0KCQiAwMP9BRCzARIsAPWTJ_Htds0tswBbQbJYfXg616uyTrFzEwztKZl0ipZoBsg3V7kn8S3iKisaAnUAEALw_wcB\">Emperor Elite<\/a> ship won first place in the best liveaboard category, while Sharm El Sheikh\u2019s <a href=\"https:\/\/www.elite-diving.com\/\">Elite Diving<\/a> and Sinai\u2019s <a href=\"https:\/\/www.elite-diving.com\/\">Scuba Seekers<\/a> made the world\u2019s top 10 list of diving centers.<\/p><div class=\"stand-out\">\n<p><strong> *** HOW HAS BLENDED LEARNING BEEN TREATING YOU SO FAR? Tell us what you <\/strong><strong>think.<\/strong> We\u2019ve put together a quick survey asking parents and students how things are going on the blended front. We\u2019ll have the results in an upcoming issue of Blackboard. And as is our custom, we\u2019ll draw the names of three respondents who will <strong>receive an Enterprise mug and a bag of our favourite coffee from our friends at <\/strong><strong><a href=\"https:\/\/www.instagram.com\/30northcoffee\/?hl=en\">30 North<\/a><\/strong><strong>.<\/strong><\/p>\n<p><strong><a href=\"https:\/\/www.surveymonkey.com\/r\/GMS2BR5\">Tap or click here to take the survey<\/a><\/strong><strong>.<\/strong> It\u2019s quick and painless, we promise.<\/p>\n<\/div>\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 class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/auc\/\">AUC<\/a>\n            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src=\"https:\/\/i0.wp.com\/ent.news\/internal\/27483.png?fit=300%2C300&#038;ssl=1\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Powering with nature<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-u4camzv\" data-v=\"4\" data-block-id=\"u4camzv\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-u4camzv-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-u4camzv-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\" 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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=\"576322\">\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\/19\/last-nights-talk-shows-on-19-november-2020\/\">\r\n                            Last Night\u2019s Talk Shows on 19 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\" 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  <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/19\/last-nights-talk-shows-on-19-november-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-576322\" class=\"content-area-description single-story post-576322 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-international-cooperation-ministry tag-mohamed-salah tag-rania-al-mashat tag-retail tag-zamalek wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>New opening hours for retail shops and restaurants were revealed on the talk shows last<\/strong> <strong>night \u2014 and they\u2019re just as confusing as we feared.<\/strong> Cabinet spokesperson Nader Saad was on with Ala Mas\u2019ouleety\u2019s Ahmed Moussa to lay out the new rules, which he confirmed will come into force on 1 December <a href=\"https:\/\/www.youtube.com\/watch?v=W0Q84S8hqqw\">(watch, runtime: 28:10)<\/a>. Here\u2019s what we know:<\/p>\n<ul>\n<li>Stores will need to close at 10pm in winter and 11 pm in the summer, but they\u2019ll be allowed to stay open an hour later on holidays and weekends.<\/li>\n<li>Cafes and restaurants will now close at midnight during the winter and 1am in the summer<\/li>\n<li>BUT: They\u2019ll be able to close one hour later on weekends and official holidays.<\/li>\n<li>Plumbers, carpenters, electricians and other small neighborhood workshops will close at 7pm in the summer, but it\u2019s unclear when they might close in winter.<\/li>\n<li>Grocery stores, supermarkets and pharmacies will be exempt from the new closing times and can open and close their doors whenever they want.<\/li>\n<\/ul>\n<p><strong>But Enterprise, when does winter become summer and summer become winter?<\/strong> We have no idea. Hopefully we\u2019ll get some solid dates before the rules come into force.<\/p>\n<p><strong>But, but, but\u2026 It gets more complicated:<\/strong> \u201cGovernorates dependent on tourism\u201d will have a different patchwork of opening hours, Saad said, without getting into specifics. Al Hayah Al Youm\u2019s Lobna Assal <a href=\"https:\/\/www.youtube.com\/watch?v=zOBFHxbgpYc&t=60s\">(watch, runtime: 3:56)<\/a> and Masaa DMC\u2019s Ramy Radwan also had coverage <a href=\"https:\/\/www.youtube.com\/watch?v=I-v591-A49w\">(watch, runtime: 1:50)<\/a>.<\/p>\n<p><strong>Al Mashat talks development finance:<\/strong> Egypt\u2019s International Cooperation Minister Rania Al Mashat also appeared on Ala Mas\u2019ouleety to discuss the year in development finance. Egypt has secured some USD 7.3 bn in foreign funding so far this year, USD 4.54 bn of which has gone into public sector projects while USD 2.76 bn has been used to support the private sector.<\/p>\n<p>Although all of this is pushing up Egypt\u2019s external debt pile \u2014 which is now at USD 111 bn \/ 28% of GDP according to the latest statistics \u2014 Al Mashat emphasized that Egypt has not deferred payment on any of its loans, which is crucial to give investors confidence and attract more investment into the country. Al Mashat also outlined the structural reforms that helped to save Egypt from a covid-induced recession \u2014 <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b2b06d36-c422-4dbd-b1a4-59af107ee5f4\">which we covered yesterday<\/a> \u2014 and talked about how the ministry is trying to promote Egypt\u2019s economic progress through the international media <a href=\"https:\/\/www.youtube.com\/watch?v=21xfDRfch-c&t=2s\">(watch, runtime: 24:09)<\/a>.<\/p>\n<p><strong>Some folks living on Ismail Mohamed Street in Zamalek need to bug out for at least a <\/strong><strong>month:<\/strong> Ala Mas\u2019ouleety\u2019s Ahmed Moussa phoned Transport Minister Kamel El Wazir who said that residents of buildings 5 and 7 on Ismail Mohamed Street, Zamalek, will need to evacuate before 1 December for at least a month due to structural problems with the buildings thought to be caused <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e9144df1-cb4a-47e2-98d4-5ef18185b4dd\">by the construction of the Cairo Metro<\/a>. The government will pay EGP 1k per day in compensation to residents, he said <a href=\"https:\/\/www.youtube.com\/watch?v=r8gsJ9hregk\">(watch, runtime: 14:30)<\/a>.<\/p>\n<p><strong>By \u201cat least a month,\u201d we mean \u201cmaybe forever\u201d:<\/strong> El Wazir said the buildings may have to be destroyed, in which case residents will be given new flats somewhere else in the city. If they don\u2019t like it, they\u2019re free to file a lawsuit, he said.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/international-cooperation-ministry\/\">International Cooperation Ministry<\/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\/rania-al-mashat\/\">Rania Al Mashat<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/retail\/\">retail<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/zamalek\/\">Zamalek<\/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=\"576323\" 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=\"576323\">\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\/19\/consumer-healthcare-giant-idh-considers-dual-egx-lse-listing\/\">\r\n                            Consumer healthcare giant IDH considers dual EGX-LSE listing                        <\/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\/19\/consumer-healthcare-giant-idh-considers-dual-egx-lse-listing\/\" 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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While the size, value and timeline of the potential listing were not disclosed, the company said it was \u201ccurrently examining possible transaction structures.\u201d The EGX has not seen an IPO since small cap real estate investment firm Emerald debuted <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4d5a7b89-b30d-4b3e-8eee-8d1954cd5d27\">in February<\/a> before the pandemic took hold.<\/p>\n<p><strong>The dual listing will enhance the company\u2019s liquidity and trading volumes,<\/strong> while its presence on the EGX will improve IDH\u2019s visibility in its main market. \u201cA dual listing on the LSE and EGX would also widen our investor base across an enlarged pool of geographically diversified investors, with increased participation from local retail and institutional investors as well as global emerging markets specialists,\u201d said IDH CEO Dr. Hend El Sherbiny. The listing would also provide Egypt-based investors who are unable to access the London stock a chance to invest in IDH\u2019s business.<\/p>\n<p><strong>The company was the first Egyptian company to debut its stock on the main market at the LSE in 2015<\/strong> in an IPO that was <a href=\"https:\/\/enterprise.press\/stories\/2015\/05\/11\/new-cairo-property-prices-up-10-15-since-january-hanafy-savaged-over-rising-food-prices-govt-looks-to-up-internet-penetration-rate-sinai-tribes-joining-war-on-terror-salman-hamad-skip-w\/\">11x oversubscribed<\/a> and offered a 43.5% stake, raising USD 290 mn. IDH was formed in 2012 through the merger of the <a href=\"http:\/\/www.almokhtabar.com\/\">Al Mokhtabar<\/a>and <a href=\"http:\/\/www.alborglab.com\/\">AlBorg<\/a> network of labs and today serves mns of patients annually in Egypt, Jordan, Sudan and Nigeria.<\/p>\n<p><strong>IDH current shareholder structure:<\/strong> Some 25.5% of the company\u2019s shares are held by Hena Holdings, while private equity giant Actis currently holds 21% with the remaining 53.5% being freefloat shares.<\/p>\n<p><strong>Advisors:<\/strong> <strong>Renaissance Capital<\/strong> has been tapped as financial advisor for the potential listing, while <strong>Clifford Chance<\/strong> will act as legal counsel regarding UK and US law, <strong>Ogier<\/strong> regarding Jersey law, and <strong>White & Case<\/strong> will serve as counsel on Egyptian law.<\/p>\n<p><strong>*** DR HEND DISCUSSES THE POTENTIAL IPO AND MORE IN TODAY\u2019S EPISODE OF MAKING IT: <\/strong>She charts her path from taking over her mother\u2019s facility, MK Lab, in 2004, to transforming IDH to the diagnostics behemoth it is today, with 450 labs across Egypt, Jordan, Sudan and Nigeria. We discuss what it took to institutionalize and corporatize the business, how important consolidation was to ensure quality healthcare at affordable prices, and the importance of diagnostics in the age of covid-19.<\/p>\n<p><strong><a href=\"https:\/\/apple.co\/3fbYIhz\">You already have a podcast app on your iPhone<\/a><\/strong> and you can listen on <a href=\"https:\/\/bit.ly\/3kDhgs5\">Google Podcasts<\/a> | <a href=\"https:\/\/bit.ly\/2IL80Fl\">Anghami<\/a> | <a href=\"https:\/\/bit.ly\/3kBTsoA\">Omny<\/a>. We\u2019re also available on <a href=\"https:\/\/open.spotify.com\/show\/5kp07MwlL0pk8W8i7thpgB\">Spotify<\/a>, but only for non-MENA accounts. Subscribe to Making It on your podcatcher of choice <a href=\"https:\/\/bit.ly\/2Z4R015\">here<\/a>.<\/p>\n<p><strong><a href=\"https:\/\/enterprise.press\/podcasts\/growing-diagnostics-powerhouse-integrated-diagnostics-holding-ceo-hend-el-sherbini\/\">It\u2019s also easy to listen on our website.<\/a><\/strong><\/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\/alborg\/\">AlBorg<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/healthcare\/\">healthcare<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hend-el-sherbini\/\">Hend El Sherbini<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/integrated-diagnostics-holding\/\">Integrated Diagnostics Holding<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ipo-watch\/\">IPO watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/london-stock-exchange\/\">London Stock Exchange<\/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\/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=\"576335\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"576336\" 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=\"576336\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/19\/egypt-in-the-news-on-19-november-2020\/\">\r\n                            Egypt in the News on 19 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\/19\/egypt-in-the-news-on-19-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\/19\/egypt-in-the-news-on-19-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\/19\/egypt-in-the-news-on-19-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 19 November 2020&url=https:\/\/enterpriseam.com\/egypt\/2020\/11\/19\/egypt-in-the-news-on-19-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\/19\/egypt-in-the-news-on-19-november-2020\/&title=Egypt in the News on 19 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+19+November+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F11%2F19%2Fegypt-in-the-news-on-19-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\/19\/egypt-in-the-news-on-19-november-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-576336\" class=\"content-area-description single-story post-576336 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-egypt-in-the-news tag-egyptian-initiative-for-personal-rights tag-enterpriseam tag-france tag-hamas tag-human-rights tag-palestine tag-qatar tag-turkey wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Human rights are dominating the conversation on Egypt in the international press this morning <\/strong>after the Egyptian Initiative for Personal Rights said that authorities had detained two of its staffers on terror charges. Executive director Mohamed Bashir and criminal justice unit director Karim Ennarah were both arrested after earlier meeting with senior diplomats, the group said. France\u2019s foreign ministry has expressed <a href=\"https:\/\/www.diplomatie.gouv.fr\/en\/country-files\/egypt\/news\/article\/egypt-arrest-of-mohamed-bashir-executive-director-of-the-egyptian-initiative\">\u201cdeep concern\u201d<\/a> over the arrest and the Egyptian Foreign Ministry replied in <a href=\"https:\/\/bit.ly\/38Trwu2\">a statement<\/a> it \u201crejects any interference in its internal affairs, or any attempts to influence an investigation by the public prosecution of an Egyptian citizen.\u201d The story is making headlines from the <a href=\"https:\/\/www.ft.com\/content\/77711d06-d4c4-4410-af05-8f4d358932cc\">Financial Times<\/a> and the <a href=\"https:\/\/www.bbc.com\/news\/world-middle-east-54990177\">BBC<\/a> to <a href=\"https:\/\/www.reuters.com\/article\/idUSKBN27Y2BF\">Reuters<\/a>, the <a href=\"https:\/\/apnews.com\/article\/egypt-arrests-france-cairo-88d720728688cbfcb0c7c036e3fff52a\">Associated Press<\/a> and <a href=\"https:\/\/www.telegraph.co.uk\/news\/2020\/11\/18\/egyptian-activists-arrested-contact-western-diplomats-human\/\">the Telegraph<\/a>.<\/p>\n<p><strong>The news comes as Egyptian diplomats continue reaching out to Democrats and <\/strong><strong>lobbyists <\/strong>to start building ties ahead of Joe Biden taking over the White House, the <a href=\"https:\/\/www.nytimes.com\/2020\/11\/17\/us\/politics\/corporations-and-foreign-nations-pivot-to-lobby-biden.html\">New York Times<\/a> notes in a piece that says we join the UAE and Turkey \u201cin a panicked rush to make inroads in the Biden Administration.\u201d Egypt recently hired lobby group <a href=\"https:\/\/www.bhfs.com\/\">Brownstein Hyatt Farber Schreck<\/a> on a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0be42537-26dc-45d9-ae92-b20703428358\">one-year gig<\/a> to help Cairo cosy up to the Biden administration. Egypt\u2019s team in DC is staffed by veteran Washington insiders including retired Republican congressman Ed Royce.<\/p>\n<p><strong>Obama isn\u2019t backing down on his administration\u2019s handling of Egypt during the events of <\/strong><strong>25 January<\/strong>, responding to claims of inconsistency in US foreign policy by acknowledging \u201cthat the world was messy,\u201d he writes in <a href=\"https:\/\/www.amazon.com\/Promised-Land-Barack-Obama-ebook\/dp\/B08GJZFBYV\">A Promised Land<\/a>, his newly released memoir, according to <a href=\"https:\/\/www.timesofisrael.com\/in-memoir-obama-defends-coaxing-regime-change-in-egypt-but-not-in-bahrain\/\">the AFP<\/a>. \u201cJust because I couldn\u2019t in every instance elevate our human rights agenda over other considerations didn\u2019t mean that I shouldn\u2019t try to do what I could, when I could,\u201d he writes, explaining why Bahrain, for instance, was spared the nudge given to former president Hosni Mubarak to step down in 2011.<\/p>\n<p><strong>Did Coca Cola bend US tax rules by assigning too much of its profit to its Egyptian <\/strong><strong>subsidiary<\/strong>, alongside other operations in Brazil and Ireland? That\u2019s the ruling by a US tax court judge, the <a href=\"https:\/\/www.wsj.com\/articles\/coca-cola-improperly-shifted-profits-abroad-tax-court-rules-11605738514?mod=searchresults_pos1&page=1\">Wall Street Journal<\/a> reports, in a case that sees the US taxman trying to get an extra USD 3.3 bn out of the maker of sweet, fizzy drinks.<\/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\/egyptian-initiative-for-personal-rights\/\">Egyptian Initiative for Personal Rights<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/france\/\">France<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hamas\/\">Hamas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/human-rights\/\">human rights<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/palestine\/\">Palestine<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/qatar\/\">Qatar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/turkey\/\">Turkey<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"576337\" 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=\"576337\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/19\/shoukry-meets-eritrean-foreign-minister-amid-conflict-in-ethiopia\/\">\r\n                            Shoukry meets Eritrean foreign minister amid conflict in Ethiopia                        <\/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\/19\/shoukry-meets-eritrean-foreign-minister-amid-conflict-in-ethiopia\/\" 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\/19\/shoukry-meets-eritrean-foreign-minister-amid-conflict-in-ethiopia\/')\">\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\/19\/shoukry-meets-eritrean-foreign-minister-amid-conflict-in-ethiopia\/\">\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=Shoukry meets Eritrean foreign minister amid conflict in Ethiopia&url=https:\/\/enterpriseam.com\/egypt\/2020\/11\/19\/shoukry-meets-eritrean-foreign-minister-amid-conflict-in-ethiopia\/\">\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\/19\/shoukry-meets-eritrean-foreign-minister-amid-conflict-in-ethiopia\/&title=Shoukry meets Eritrean foreign minister amid conflict in Ethiopia\">\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=Shoukry+meets+Eritrean+foreign+minister+amid+conflict+in+Ethiopia+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F11%2F19%2Fshoukry-meets-eritrean-foreign-minister-amid-conflict-in-ethiopia%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\/19\/shoukry-meets-eritrean-foreign-minister-amid-conflict-in-ethiopia\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-576337\" class=\"content-area-description single-story post-576337 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-diplomacy-foreign-trade tag-enterpriseam tag-finance-ministry tag-france tag-human-rights tag-mining tag-mohamed-maait tag-national-security tag-oil-ministry tag-rania-al-mashat tag-security tag-tarek-el-molla tag-un 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> The Eritrean foreign minister was in Cairo yesterday to discuss the growing conflict in Ethiopia with Sameh Shoukry, the Egyptian Foreign Ministry said in <a href=\"https:\/\/bit.ly\/3pHdUs4\">a statement<\/a> yesterday. Eritrea is at risk of being pulled into the conflict after Tigray rebels this week <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/63965fd8-e303-4da9-b721-d959dd40af85\">launched missiles at its capital<\/a> in response to its decision to side with the Ethiopian government in its ongoing offensive against rebel militia.<\/p>\n<p><strong>Elsewhere: Oil Minister Tarek El Molla discussed <\/strong><strong>cooperation in mining operations in Nigeria <\/strong>with the country\u2019s Mining Minister Uchechukwu Sampson Oga in Cairo, according to <a href=\"https:\/\/bit.ly\/3pEZx7w\">a cabinet statement<\/a>. A follow-up meeting to flesh out possible partnerships was agreed to during the visit, but left unspecified. Mining industry players and government officials from both countries are expected to attend.<\/p>\n<p><strong>Meanwhile, International Cooperation Minister Rania Al Mashat met with 46 <\/strong><strong>members of the United Nations\u2019 Development Partners Group <\/strong>to discuss goals for 2021, the ministry said in <a href=\"https:\/\/tinyurl.com\/y6yjy8c9\">a statement<\/a>. The group agreed to meet for further consultations before the end of the year.<\/p>\n<p><strong>The Finance Ministry\u2019s export subsidy program could reach a total EGP 23 bn this <\/strong><strong>year<\/strong> if all currently eligible companies apply for dues from the program, minister Mohamed Maait told <a href=\"https:\/\/bit.ly\/3pyUuW2\">Al Mal<\/a>. We may see subsidies inch upwards in the coming fiscal year if need be, with financing for the program potentially coming through additional allocations to the FY2020-21 budget, he added. Exporters can receive up to 40% of their dues in cash under the program and the remainder through either writing off taxes and customs or receiving discounted industrial land.<\/p>\n<p><strong>More military exercises:<\/strong> The Egyptian navy is carrying out joint military exercises with French forces, the Armed Forces <a href=\"https:\/\/bit.ly\/3ny2IMp\">said<\/a> yesterday. By our count that makes it four simultaneous drills with different countries, also including <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0e054a64-03f7-4afb-8ab9-b5b068389833\">Russia<\/a>, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/545ec666-fc0e-439a-a08b-d4adfe6d0712\">Sudan<\/a> and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6142013d-960c-4d81-b79b-0c188cf8963f\">a group of Arab nations<\/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\/diplomacy-foreign-trade\/\">Diplomacy + Foreign Trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/finance-ministry\/\">Finance Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/france\/\">France<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/human-rights\/\">human rights<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mining\/\">mining<\/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\/national-security\/\">national security<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/oil-ministry\/\">Oil Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/rania-al-mashat\/\">Rania Al Mashat<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/security\/\">security<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tarek-el-molla\/\">Tarek El Molla<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/un\/\">UN<\/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=\"576338\" 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=\"576338\">\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\">MY WFH ROUTINE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/19\/my-wfh-routine-benjamin-ampen-managing-director-of-twitter-mena\/\">\r\n                            My WFH Routine: Benjamin Ampen, managing director of Twitter MENA                        <\/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\/19\/my-wfh-routine-benjamin-ampen-managing-director-of-twitter-mena\/\" 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\/19\/my-wfh-routine-benjamin-ampen-managing-director-of-twitter-mena\/')\">\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\/19\/my-wfh-routine-benjamin-ampen-managing-director-of-twitter-mena\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=My WFH Routine: Benjamin Ampen, managing director of Twitter MENA&url=https:\/\/enterpriseam.com\/egypt\/2020\/11\/19\/my-wfh-routine-benjamin-ampen-managing-director-of-twitter-mena\/\">\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\/19\/my-wfh-routine-benjamin-ampen-managing-director-of-twitter-mena\/&title=My WFH Routine: Benjamin Ampen, managing director of Twitter MENA\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=My+WFH+Routine%3A+Benjamin+Ampen%2C+managing+director+of+Twitter+MENA+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2020%2F11%2F19%2Fmy-wfh-routine-benjamin-ampen-managing-director-of-twitter-mena%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\/19\/my-wfh-routine-benjamin-ampen-managing-director-of-twitter-mena\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/11\/215.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"576339\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/19\/my-wfh-routine-benjamin-ampen-managing-director-of-twitter-mena\/215-jpg-12\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/11\/215.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"215.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/11\/215.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/11\/215.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-576338\" class=\"content-area-description single-story post-576338 post type-post status-publish format-standard has-post-thumbnail hentry category-my-wfh-routine tag-benjamin-ampen tag-dubai tag-enterpriseam tag-my-morning-routine tag-twitter tag-work-from-home wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-09\"><\/a> <strong><a href=\"https:\/\/twitter.com\/bampen\">Benjamin Ampen<\/a><\/strong><strong>, managing director of Twitter MENA:<\/strong> Each week, my Morning \/ WFH Routine looks at how a successful member of the community starts their day \u2014 and then throws in a couple of random business questions just for fun. Speaking to us this week is Benjamin Ampen (<a href=\"https:\/\/www.linkedin.com\/in\/benjaminampen?originalSubdomain=ae\">LinkedIn<\/a>), managing director of Twitter MENA.<\/p>\n<p><strong>My name is Benjamin Ampen and I'm a French person who's been working in the region for the past five years<\/strong>. I'm the managing director of Twitter for MENA which means I\u2019m responsible for revenue in the region and making sure all the teams are collaborating well together. I live with my wife in Dubai and we\u2019re now expecting our first kid. Professionally, I\u2019ve been part of a fantastic adventure for the past five years building a team of more than 30 people \u2014 and we\u2019re still only scratching the surface.<\/p>\n<p><strong>Twitter has been instrumental in promoting new launches in Egypt <\/strong>which helped deliver information about the <a href=\"https:\/\/twitter.com\/knowledgehubeg\/status\/1247181727719661570\">Knowledge Hub Universities\u2019<\/a> summer courses and the opening of its new Coventry campus over the past year. <a href=\"https:\/\/twitter.com\/MYFegy\/status\/1259420876614795264\">The Magdi Yacoub Heart Foundation<\/a> also relied on the platform for generating awareness about its Ramadan donation drive earlier this year.<\/p>\n<p><strong>Before I start my day I try to complete my night.<\/strong> Sleep is extremely important to me and I try to get at least 8 hours a day regardless of when I get to bed. I'm not afraid of sleeping later if necessary, but it's really important I get a good night\u2019s rest for my own sanity and performance at my job. A couple of years ago I read a book called <a href=\"https:\/\/www.goodreads.com\/book\/show\/34466963-why-we-sleep\">Why We Sleep<\/a> by Matthew Walker that had some life changing insights about the impact a good night\u2019s sleep can have on your brain and how you function as a human being. It's something that I've really been focusing on this year since we\u2019ve been WFH.<\/p>\n<p><strong>I don't check my phone first thing in the morning<\/strong> and make it a point to not have my phone in the bedroom. I start my day by getting some fresh air on the balcony where I think about the day ahead \u2014 really being present and on my own. I've been meditating for eight years now and I'd love to say that I\u2019ve gotten it down to a strict daily routine, but I acknowledge that it can be difficult sometimes to slot it in first thing in the morning. I\u2019ll often get my meditation done in the evening instead.<\/p>\n<p><strong>I used to head to the office on my motor bike <\/strong>right after my morning routine was through, which was a great way to clear my head, but <strong>we closed the doors to our offices in March, and they remain closed to this day<\/strong>. We\u2019re looking at next year for a potential return date.<\/p>\n<p><strong>Overall, WFH hasn't changed our daily work.<\/strong> The whole team is well equipped with the hardware and skills to get their job done remotely. We had actually started exploring the possibility of remote and flexible work before the outbreak of the pandemic. It's not crazy to think that some people will want to continue working from home, at least partially, once things are safe enough for offices to reopen. Looking forward, we want to make sure we\u2019re finding talent from around the world and start allowing people to work from wherever they are.<\/p>\n<p><strong>During uncertain times, we put people first.<\/strong> When it comes to management during uncertain times human relationships are crucial. During the first month of the pandemic when there were a lot of questions on what was going on with the world, I consciously made an effort to communicate with everyone from the office, even people outside my own team. The human connection, beyond just business talk, really helped us get through the pandemic. When you build a strong team where culture plays a huge role, the human aspect of the team is very important. We have revenue, marketing, research, content partnerships and public policy departments that all need to work hand in hand to keep things running smoothly, so you need to nurture that culture daily.<\/p>\n<p><strong>Exercise is just as important to me as sleep. <\/strong>Before covid-19 hit I was training in Brazilian Jiu Jitsu, which is probably the worst sport to be practicing during a pandemic. I\u2019ve been running and swimming instead which help me decompress everyday. Although I miss the mat, I've been listening to more podcasts while running. I really like <a href=\"https:\/\/www.nytimes.com\/column\/the-daily\">the New York Times\u2019 The Daily<\/a> and <a href=\"https:\/\/www.franceculture.fr\/emissions\/les-chemins-de-la-philosophie\">France Culture Radio\u2019s philosophy podcast<\/a>.<\/p>\n<p><strong>I've been doing a lot more reading and introspection during WFH. <\/strong>I'm not usually a big fan of business books but I think <a href=\"https:\/\/www.goodreads.com\/en\/book\/show\/23275060-15-commitments-of-conscious-leadership\">15 Commitments of Conscious Leadership<\/a> by Jim Dethmer, Diana Chapman, and Kaley Warner Klemp has been a useful read recently that really captures a lot of important human and business principles I feel are worth sharing. At the start of the pandemic I read Albert Camus\u2019 <a href=\"https:\/\/www.goodreads.com\/book\/show\/11989.The_Plague?ac=1&from_search=true&qid=XudxFVXsyu&rank=2\">The Plague<\/a>, which might be a little grim, but shows how even during the worst moments in history or life you can really find beauty and love in people.<\/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\/benjamin-ampen\/\">Benjamin Ampen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/dubai\/\">Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/my-morning-routine\/\">MY MORNING ROUTINE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/twitter\/\">Twitter<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/work-from-home\/\">Work from home<\/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=\"576340\" 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=\"576340\">\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\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/19\/the-market-yesterday-211\/\">\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\/19\/the-market-yesterday-211\/\" 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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CIB, the index\u2019s heaviest constituent, ended down 0.4%. EGX30\u2019s top performing constituents were Edita up 1.9%, Telecom Egypt up 0.6%, and Orascom Investment Holding up 0.4%. Yesterday\u2019s worst performing stocks were GB Auto down 3.0%, Egyptian Iron and Steel down 2.7% and Orascom Development Egypt down 2.6%. The market turnover was EGP 1.8 bn, and foreign investors were the sole net sellers.<\/p>\n<p><strong>Foreigners<\/strong>: Net short | EGP -112.3 mn<br \/>\n <strong>Regional<\/strong>: Net long | EGP +12.4 mn<br \/>\n <strong>Domestic<\/strong>: Net long | EGP +99.9 mn<\/p>\n<p><strong>Retail<\/strong>: 74.7% of total trades | 74.6% of buyers | 74.9% of sellers<br \/>\n <strong>Institutions<\/strong>: 25.3% of total trades | 25.4% of buyers | 25.1% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 41.82 (+0.94%)<br \/>\n <strong>Brent:<\/strong> USD 44.15 (+0.91%)<\/p>\n<p><strong>Natural Gas:<\/strong> (Nymex, futures prices) USD 2.71 MMBtu, (+0.74%, December 2020 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,873.90 \/ troy ounce (-0.59%)<\/p>\n<p><strong>TASI:<\/strong> 8,621 (+0.57%) (YTD: +2.76%)<br \/>\n <strong>ADX:<\/strong> 4,952 (-0.16%) (YTD: -2.43%)<br \/>\n <strong>DFM:<\/strong> 2,323 (+0.29%) (YTD: -15.95%)<br \/>\n <strong>KSE Premier Market:<\/strong> 6,063 (+0.26%)<br \/>\n <strong>QE:<\/strong> 10,248 (+0.36%) (YTD: -1.70%)<br \/>\n <strong>MSM:<\/strong> 3,624 (-0.46%) (YTD: -8.97%)<br \/>\n <strong>BB: <\/strong>1,444 (-0.17%) (YTD: -10.26%)<\/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=\"576341\" 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\/19\/576341\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-576341\" class=\"content-area-description single-story post-576341 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>18-20 November (Wednesday-Friday): <a href=\"https:\/\/www.medaeconomicweek.org\/\">MedaWeek Barcelona<\/a>, the Mediterranean Week of Economic Leaders, Barcelona, Spain.<\/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: <a href=\"https:\/\/bit.ly\/3pMnWZ1\">A meeting<\/a> to finalize membership and trading rules governing Egypt\u2019s Commodities Exchange (<a href=\"http:\/\/www.egycomex.com\/\">Egycomex<\/a>).<\/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, Nile Ritz Carlton Hotel, Cairo, Egypt.<\/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>1H2021: Egypt\u2019s Commodities Exchange (<a href=\"http:\/\/www.egycomex.com\/\">Egycomex<\/a>) will <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/448d2768-4310-463e-af98-dcd93cbfd05a\">begin trading<\/a>.<\/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":576319,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-576318","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"7d43643b-9da2-4371-9e8f-c6e2c27ab6f5","teaser":"","photo_url":"https:\/\/ent.news\/2020\/11\/207.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>IDH considers EGX listing + more good vaccine news - 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\/idh-considers-egx-listing-more-good-vaccine-news\/\" \/>\n<meta property=\"og:locale\" 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