{"id":576940,"date":"2022-11-03T04:00:03","date_gmt":"2022-11-03T04:00:03","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=576940"},"modified":"2025-12-16T11:04:32","modified_gmt":"2025-12-16T11:04:32","slug":"is-the-state-readying-logistics-companies-for-egx-debuts-in-2023","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/is-the-state-readying-logistics-companies-for-egx-debuts-in-2023\/","title":{"rendered":"Is the state readying logistics companies for EGX debuts in 2023?"},"content":{"rendered":"<section id=\"576942\" 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=\"576942\">\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\/2022\/11\/03\/this-morning-its-pmi-day-hegazi-u-turns-on-plans-for-licensing-private-tutors\/\">\r\n                            THIS MORNING: It\u2019s PMI day + Hegazi u-turns on plans for licensing private tutors                        <\/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\/2022\/11\/03\/this-morning-its-pmi-day-hegazi-u-turns-on-plans-for-licensing-private-tutors\/\" 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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We wish all of our friends descending on Sharm nothing but the best and look forward to seeing you back in the capital city on 20 November\u2026<\/p><p><strong>PSA #1- Your weekend weather is looking fantastic<\/strong>. Look for a daytime high of 26\u00b0C in Cairo on both Friday and Saturday, with an overnight low of 14\u00b0C. Folks landing in Sharm can expect a high tomorrow of 29\u00b0C, with the mercury dipping to 22\u00b0C at night.<\/p><p><strong>PSA #2- Clocks change in North America this weekend<\/strong> \u2014 New York, Boston and Toronto will be seven hours behind us when you wake up on Sunday morning. Keep that in mind as you schedule calls next week.<\/p><p><strong>PSA #3- The November issue of our monthly Your Wealth won\u2019t be out this weekend. <\/strong>We usually publish on the first Friday of each month, but we\u2019re going to hold fire until Friday, 18 November \u2014 just two days before the kickoff of the 2022 Fifa World Cup, which just happens to be the subject of this month\u2019s issue.<\/p><p><strong>THURSDAY KUDOS to TE investor relations boss Sarah Shabayek, who was named this <\/strong><strong>year\u2019s best investor relations professional<\/strong> in Egypt in the <a href=\"https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:6992728428336558080\/\">2022 Middle East Investor Relations Association awards<\/a>. The team at CIB got the nod for top corporate performer in Egypt. Also: A tip of the hat to our friends <strong>Sofia Elboury<\/strong> and <strong>Abhishek Kumat<\/strong> at FAB, who took home the gong for best corporate in MENA and in the UAE. Sofia was also named best IR professional in the UAE.<\/p><p><strong>HAPPENING TODAY-<\/strong><\/p><p><strong>It\u2019s PMI day:<\/strong> We\u2019ll know how Egypt\u2019s private sector fared in October a few moments after we hit send on this morning\u2019s issue when S&amp;P Global releases the latest purchasing managers\u2019 index. A 22-month contraction in private sector activity didn\u2019t show signs of abating <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2b7956e2-bf64-4f31-872d-460d0234cc4f\">in September<\/a> as high inflation continued to weigh on demand and output. <a href=\"https:\/\/www.pmi.spglobal.com\/Public\/Release\/PressReleases?language=en\">You\u2019ll find the release here at 6:15am CLT.<\/a><\/p><p><strong>Adipec 2022 continues in Abu Dhabi:<\/strong> It\u2019s the final day of the oil and gas expo in Abu Dhabi.<\/p><p><strong>The highlight of day three for Egypt:<\/strong> A meeting between Oil Minister Tarek El Molla and Adnoc representatives to discuss investment in the Egyptian petroleum sector, according to <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0yZAhJ8XS2ShPZ4JFj1HW6x9ZC93GjisD6nJhcgVAWjYcctsDzJa7wacckgGtMaHBl\">a statement<\/a> from the Egyptian OIl Ministry.<\/p><p><strong>PSA #3- You won\u2019t be hearing anything out of the House of Representatives for the next <\/strong><strong>two weeks:<\/strong> The House has adjourned for two weeks for the COP27 summit, which starts next week. MPs will return on 20 November, while senators are back a week earlier on 13 November.<\/p><hr class=\"grey-line\"><p><a id=\"tldr-story-04\" class=\"content-anchor\"><\/a> <strong>Food producers are catching a break:<\/strong> Customs authorities have released some thousands of shipments the past 48 hours, Alaa Ezz, secretary-general of Federation of Egyptian Chambers of Commerce (FEDCOC), <a href=\"https:\/\/bit.ly\/3zG2D1I\">said<\/a> yesterday. The Supply Ministry <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f194f537-905f-45ec-b12d-b636fb5c8263\">said<\/a> Monday that authorities would immediately begin to release goods held up at port because of FX shortages, and pledged to clear all inputs by the end of the week. Most of the goods released in the past two days have been production inputs for food manufacturers.<\/p><p><a id=\"tldr-story-09\" class=\"content-anchor\"><\/a> <strong>U-TURN WATCH- <\/strong><strong>Licensing private tutoring centers is just an \u201cidea\u201d: <\/strong>Education Minister Reda Hegazi is walking back <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/df0a870c-afca-4057-9b14-79bb0ddcc694\">proposals<\/a> to start licensing private tutoring centers following backlash, stressing that it was just an \u201cidea\u201d and not a decision. Hegazi\u2019s statements sparked controversy, with many worried that licensing the private tutoring industry would replace schools as a main venue for education and teaching in the country. The industry continues to be part of the informal economy and isn\u2019t governed by legislation \u2014 Hegazi\u2019s idea to require them to get licenses (or at least incorporate as businesses) is one still worth considering.<\/p><p><strong>THE BIG STORIES ABROAD-<\/strong><\/p><p><strong>Dominating the front pages of the global business press this morning:<\/strong> The Federal Reserve\u2019s decision to hike interest rates by another 75 bps yesterday. We have more on that in this morning\u2019s Planet Finance, below.<\/p><p><strong>Good news on wheat: <\/strong>Russia has agreed to rejoin the agreement that allows Ukraine to safely export grain through the Black Sea, averting a fresh crisis in global food supplies. Moscow suspended its participation in the UN- and Turkey-brokered pact last week following a drone attack on its Black Sea fleet but yesterday backtracked on the decision, saying that Ukraine had provided assurances it would not use the safe corridor for military action. (<a href=\"https:\/\/www.reuters.com\/world\/europe\/grain-ships-sail-ukraine-ports-russian-missiles-knock-out-power-across-country-2022-10-31\/\">Reuters<\/a> | <a href=\"https:\/\/www.ft.com\/content\/841f620d-2f2e-43cd-a635-a61576ccff2d\">FT<\/a> | <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-11-02\/turkey-says-grain-shipments-to-resume-via-ukraine-grain-corridor\">Bloomberg<\/a> | <a href=\"https:\/\/www.bbc.com\/news\/world-europe-63483133\">BBC<\/a>)<\/p><p><strong>Bad news on wheat: Egypt\u2019s wheat contracts with Argentinian suppliers may now be in <\/strong><strong>jeopardy<\/strong> as the country faces its weakest harvest in almost a decade due to a severe drought, according to <a href=\"https:\/\/www.reuters.com\/markets\/commodities\/exclusive-argentina-set-permit-wheat-export-delays-amid-drought-sources-2022-11-01\/\">Reuters<\/a>. The government in the coming days is expected to allow exporters to delay shipments, potentially forcing Egypt to renegotiate contracts.<\/p><p><strong>Tigray truce: <\/strong>Ethiopia and Tigray rebel forces yesterday agreed to lay down their weapons, raising hopes of a permanent end to the two-year civil war that has killed thousands and displaced mns. (<a href=\"https:\/\/www.reuters.com\/world\/africa\/african-union-parties-ethiopia-conflict-have-agreed-cease-hostilities-2022-11-02\/\">Reuters<\/a>)<\/p><p class=\"web-image\"><a href=\"#\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/6\/Enterprise-Climate-Teaser-1600.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p><p><strong>COUNTDOWN TO COP (3 days to go)-<\/strong><\/p><p><strong>This morning\u2019s <\/strong><strong><a href=\"https:\/\/climate.enterprise.press\/issues\/2022\/11\/03\/what-to-expect-from-cop27\/#tldr-story-01\">Enterprise Climate has a rundown<\/a><\/strong><strong> on what you need to know <\/strong>ahead of the kickoff of COP27 on Sunday<\/p><p><strong>A message to world leaders ahead of COP:<\/strong> FM Sameh Shoukry urged world leaders and negotiators to take \u201cmeaningful and tangible steps\u201d to implement the 2015 Paris Agreement, days ahead of COP27 in Sharm, the <a href=\"https:\/\/apnews.com\/article\/middle-east-africa-egypt-rising-sea-levels-sameh-shoukry-0aa0fbd7346cba47ee8b046d8ed982fe\">Associated Press<\/a> reported, citing a four-page letter by Shouky to participants. \u201cWe aim to restore the \u2018grand bargain\u2019 at the center of the Paris Agreement and our collective multilateral climate process,\u201d he said. Shoukry said COP27 comes at a time of mounting challenges, including a failure by G20 nations to draft an agreement on climate and a lack of \u201cconcrete agreements\u201d on climate finance at this year\u2019s fall World Bank and IMF meetings.<\/p><p><strong>ALSO- PM Rishi Sunak has decided to attend COP after all<\/strong>, he said on <a href=\"https:\/\/twitter.com\/RishiSunak\/status\/1587746521457500160\">Twitter<\/a>.<\/p><p><strong>DATA POINT- Investment in clean energy across emerging markets is at less than a tenth <\/strong><strong>of what\u2019s needed <\/strong>as part of a drive to limit global warming to 1.5\u00b0C, a <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-11-01\/paltry-emerging-market-investment-flows-point-to-climate-catastrophe?srnd=premium-middle-east#xj4y7vzkg\">BloombergNEF<\/a> report showed.<\/p><div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br>\n        <\/h4>\n<\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/p><\/div>\n<\/div>\n<\/div><p><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p><p><strong>A delegation of Italian agricultural firms will<\/strong> <strong>visit Egypt in the second week of <\/strong><strong>December <\/strong>to explore potential cooperation with local companies, Italian Ambassador to Cairo Michael Caron told Trade and Industry Minister Ahmed Samir in a meeting, according to a cabinet <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/541079681395790\/\">statement<\/a>.<\/p><p><strong><a href=\"https:\/\/enterprise.press\/am-edition\/#calendar\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p><p><em>CORRECTION- We originally noted the time change in North American incorrectly. This story was updated on 6 November 2022 to reflect the fact that Toronto and New York will be seven (not five) hours behind us.\u00a0<\/em><\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/adnoc\/\">ADNOC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/apple\/\">Apple<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/climate\/\">Climate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cop27\/\">COP27<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/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\/oil-and-gas\/\">oil and gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/reda-hegazi\/\">Reda Hegazi<\/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\/what-were-tracking-today\/\">What We&#039;re Tracking Today<\/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=\"576943\" 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                            \"\r\n            id=\"576943\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/03\/576943\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-576943\" class=\"content-area-description single-story post-576943 post type-post status-publish format-standard hentry category-uncategorized wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class='web-image'><a href='https:\/\/www.ticketsmarche.com\/tickets\/buy-tickets-2-cellos.html'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/2cellos2_1600px.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\n<p><strong>2CELLOS \u2014 LIVE AT SOMABAY on 18 November, 2022:<\/strong> Mark your calendars \u2014 world-renowned and wildly popular cellist duo, 2CELLOS will be performing at Somabay on 18 November, 2022. Having racked up a bn-plus audio streams, countless sold-out concerts, and mns of fans across the globe in their 10 years together as 2CELLOS, the Croatian duo of Luka &Scaron;uli\u0107 and HAUSER will be visiting Egypt in their long-awaited 2022 Dedicated World Tour. Book your ticket now: <a href=\"https:\/\/www.ticketsmarche.com\/tickets\/buy-tickets-2-cellos.html\">https:\/\/www.ticketsmarche.com\/tickets\/buy-tickets-2-cellos.html<\/a>. Call us 16390.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"576944\" 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=\"576944\">\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\">IPO<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/03\/is-the-state-readying-logistics-companies-for-egx-debuts-in-2023\/\">\r\n                            Is the state readying logistics companies for EGX debuts in 2023?                        <\/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\/2022\/11\/03\/is-the-state-readying-logistics-companies-for-egx-debuts-in-2023\/\" 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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href=\"https:\/\/api.whatsapp.com\/send?text=Is+the+state+readying+logistics+companies+for+EGX+debuts+in+2023%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F11%2F03%2Fis-the-state-readying-logistics-companies-for-egx-debuts-in-2023%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\/2022\/11\/03\/is-the-state-readying-logistics-companies-for-egx-debuts-in-2023\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/65.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"576945\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/03\/is-the-state-readying-logistics-companies-for-egx-debuts-in-2023\/65-jpg-13\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/65.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"65.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/65.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/65.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-576944\" class=\"content-area-description single-story post-576944 post type-post status-publish format-standard has-post-thumbnail hentry category-ipo-watch tag-egx tag-enterpriseam tag-infrastructure tag-ipo-watch tag-state-privatization-program 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-01\"><\/a> <strong>More color on the state\u2019s 2023 IPO pipeline:<\/strong> The Madbouly government plans to IPO as many as four state-owned maritime and land transport companies during 1Q 2023 as it looks to reboot its stalled privatization program, the domestic press reports, citing unnamed sources.<\/p>\n<ul>\n<li><strong>Heading to the EGX:<\/strong> <a href=\"http:\/\/dchc.com.eg\/\">Damietta Container & Cargo Handling Company<\/a> (DCHC) and <a href=\"https:\/\/www.pscchc.com\/\">Port<\/a><a href=\"https:\/\/www.pscchc.com\/\">Said Container & Cargo Handling Company<\/a> (PSCCHC) will be offered on the EGX, the sources reportedly said.<\/li>\n<li><strong>Listing on the Nilex: <\/strong>The <a href=\"https:\/\/www.martrans-egypt.com\/\">Egyptian Company For Maritime Transport<\/a> (Martrans) and <a href=\"http:\/\/www.egywarehouses.com\/&sa=D&source=docs&ust=1667440662559107&usg=AOvVaw3kvidIqPJyqSYqorqDGGXQ\">General Egyptian Warehouse Company<\/a> will be offered on small-cap index.<\/li>\n<\/ul>\n<p><strong>What\u2019s up for grabs:<\/strong> The state plans to sell at least 25% of the companies to public investors, the sources said. The companies are currently being restructured to meet listing and IPO requirements, they added.<\/p>\n<p><strong>It\u2019s still unclear whether port owner-operators themselves could be privatized. <\/strong>Transport Minister Kamal El Wazir said in May that the government was looking to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/93a18ed8-1bd2-4f78-b6b4-987ff0ecb1c8\">merge seven ports<\/a> into a holding company and possibly offer it on the EGX and \/ or to strategic investors. He made the remarks after the news of the state\u2019s privatization strategy broke in spring. The minister appeared to walk this back at an event last week, <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/2725780\">saying<\/a>, \u201cEgypt does not sell its ports.\u201d<\/p>\n<p><strong>Gulf investors are interested in the Suez Canal:<\/strong> Emirati port operators have shown significant appetite for Egypt\u2019s Red Sea ports in recent months, with Abu Dhabi Ports <a href=\"https:\/\/gulfbusiness.com\/uaes-ad-ports-group-to-manage-operations-at-egypts-ain-sokhna-port\/\">taking over management of Ain Sokhna port<\/a> and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/99f85003-cd06-4efe-813f-9d09a33d59d6\">acquiring majority stakes<\/a> in two local shipping companies. Qatar now looks to be getting in on the act and is <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bd3f1189-fe0f-4c6d-914b-7c320d65f001\">studying investment<\/a> in Damietta port.<\/p>\n<p><strong>REFRESHER-<\/strong> The government is looking at how and when to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/341bd556-a758-49d4-9aa9-1852ae8a3d9f\">reboot its privatization program<\/a> with recent listing changes and a new <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/eaa81cae-e4e2-4c66-963d-b806c4ed812b\">pre-IPO fund<\/a> set up by the Sovereign Fund of Egypt (SFE) in September. The fund will offer stakes in state-owned companies to strategic investors and sovereign funds ahead of listing them on the bourse. The fund plans to market several state companies \u2014 including the military-owned firms Safi and Wataniya \u2014 to strategic investors ahead of IPOing them on the EGX. <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/163a5afb-e9f0-46c4-b95c-3df60adeb7de\">Neither Safi nor Wataniya will make their EGX debuts this year<\/a> but will see a private stake sale before year end.<\/p>\n<p><strong>Roadshows are happening: <\/strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/05933a92-6536-4bbf-a81c-dbea6e7621da\">The Sovereign Fund of Egypt is about to hit the road<\/a> to market stakes in companies including bottled water maker Safi and filling station operator Wataniya. EGX boss Rami El Dokany is just back from the UAE leg of a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a17b0ec8-b298-4830-bdc1-0e487a41fbc3\">roadshow<\/a> that aims to drum up interest in public equities.<\/p>\n<p><strong>What about the private sector pipeline? <\/strong>Dokany said in <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a8713af9-263c-47e8-83ae-b448caf106bc\">September<\/a> that the EGX is in \u201cserious talks\u201d with five or six private sector companies interested in listing, stressing that <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/edition\/am\/a5aad356-4029-4335-a9df-ca4bbbe6497a\">simplified listing procedures<\/a> are helping drive interest. Petrochemical, energy, fuel, and fertilizer companies are among those interested, he suggested.<\/p>\n<p><strong>But, but, but\u2026<\/strong> As always with reports of companies looking to IPO: It\u2019s all about market conditions.<\/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\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ipo-watch\/\">IPO watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/state-privatization-program\/\">state privatization program<\/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=\"576946\" 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=\"576946\">\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\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/03\/more-renewables-projects-are-being-negotiated-in-riyadh\/\">\r\n                            More renewables projects are being negotiated in Riyadh                        <\/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\/2022\/11\/03\/more-renewables-projects-are-being-negotiated-in-riyadh\/\" 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\/2022\/11\/03\/more-renewables-projects-are-being-negotiated-in-riyadh\/')\">\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\/2022\/11\/03\/more-renewables-projects-are-being-negotiated-in-riyadh\/\">\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=More renewables projects are being negotiated in Riyadh&url=https:\/\/enterpriseam.com\/egypt\/2022\/11\/03\/more-renewables-projects-are-being-negotiated-in-riyadh\/\">\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\/2022\/11\/03\/more-renewables-projects-are-being-negotiated-in-riyadh\/&title=More renewables projects are being negotiated in Riyadh\">\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=More+renewables+projects+are+being+negotiated+in+Riyadh+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F11%2F03%2Fmore-renewables-projects-are-being-negotiated-in-riyadh%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\/2022\/11\/03\/more-renewables-projects-are-being-negotiated-in-riyadh\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/66.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"576947\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/03\/more-renewables-projects-are-being-negotiated-in-riyadh\/66-jpg-12\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/66.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"66.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/66.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/66.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-576946\" class=\"content-area-description single-story post-576946 post type-post status-publish format-standard has-post-thumbnail hentry category-energy tag-acwa-power tag-al-babtain tag-al-fanar tag-electricity-ministry tag-energy tag-enterpriseam tag-fas-energy tag-green-hydrogen tag-renewables tag-saudi-arabia wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>The Electricity Ministry is in talks with six Saudi firms for more than USD 3 bn <\/strong><strong>worth of renewable energy projects <\/strong>as Electricity Minister Mohamed Shaker visits Riyadh, <a href=\"https:\/\/www.asharqbusiness.com\/article\/43604\">Bloomberg Asharq<\/a> reports, citing four people at state-owned Egyptian electricity companies.<\/p>\n<p><strong>Who\u2019s involved:<\/strong> The minister is holding talks with ACWA Power, Al Fanar, FAS Energy, and Al Babtain during his visit to the kingdom, the sources said. He is also reportedly meeting with Saudi financing institutions to help drum up investment for the projects.<\/p>\n<p><strong>Work on that blockbuster ACWA wind plant starts next year:<\/strong> Shaker\u2019s visit coincided with the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/866d0721-9205-4641-bcd0-b61100d2abec\">signing of an MoU<\/a> between ACWA Power and state-owned Egyptian electricity companies to construct a huge 10-GW wind farm which, when completed, will be one of the largest in the world. One source told Asharq that the first phase of the project will have a capacity of 1.1 GW and cost up to USD 1.1 bn. Construction will begin at the beginning of next year and take two years to complete, they added.<\/p>\n<p><strong>Green hydrogen agreements imminent?<\/strong> Agreements for two green hydrogen projects could be signed during Shaker\u2019s visit, one source told Bloomberg Asharq, adding that the framework agreements could be signed during COP27. Cabinet had already told us to expect one green hydrogen agreement to be <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0393e32a-17d1-4a6f-b9b3-4e71fc374a0d\">signed with ACWA Power<\/a> during Shaker\u2019s visit, among other renewables projects.<\/p>\n<p><strong>So<\/strong><strong>me of these companies already have a presence in Egypt\u2019s renewables sector<\/strong><strong>:<\/strong><\/p>\n<ul>\n<li><strong>FAS Energy<\/strong> is planning to construct <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/495756fd-2671-4978-b10a-7f23f4bcea99\">a 500 MW solar plant<\/a>. FAS Energy CEO Sabri Asfour told us earlier this year that the company plans to invest in our green hydrogen sector;<\/li>\n<li><strong>Al Fanar<\/strong> inked an MoU to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4ab5ebab-55a1-4a68-97a3-0f02e5b4e147\">build a green hydrogen and ammonia facility<\/a> and another to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/031ecccd-f816-4657-ae61-58d9c32a706d\">explore wind energy projects<\/a> earlier this year.<\/li>\n<\/ul>\n<p><strong>This all comes as part of the government\u2019s drive to reach its ambitious renewable energy <\/strong><strong>target:<\/strong> Egypt is aiming to produce <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/46eb0c0b-2e62-47e0-8423-05c5359f3275\">42% of its energy<\/a> from renewable sources by 2030, a target announced during last year\u2019s COP26 summit. This is five years earlier than its previous target.<\/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\/acwa-power\/\">ACWA Power<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/al-babtain\/\">Al Babtain<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/al-fanar\/\">Al Fanar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/electricity-ministry\/\">Electricity Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fas-energy\/\">Fas Energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/saudi-arabia\/\">Saudi Arabia<\/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=\"576948\" 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=\"576948\">\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\">Development finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/03\/govt-wants-usd-15-bn-for-nine-food-water-and-energy-projects-under-nwfe\/\">\r\n                            Gov\u2019t wants USD 15 bn for nine food, water and energy projects under NWFE                        <\/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\/2022\/11\/03\/govt-wants-usd-15-bn-for-nine-food-water-and-energy-projects-under-nwfe\/\" 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\/2022\/11\/03\/govt-wants-usd-15-bn-for-nine-food-water-and-energy-projects-under-nwfe\/')\">\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\/2022\/11\/03\/govt-wants-usd-15-bn-for-nine-food-water-and-energy-projects-under-nwfe\/\">\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=Gov\u2019t wants USD 15 bn for nine food, water and energy projects under NWFE&url=https:\/\/enterpriseam.com\/egypt\/2022\/11\/03\/govt-wants-usd-15-bn-for-nine-food-water-and-energy-projects-under-nwfe\/\">\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\/2022\/11\/03\/govt-wants-usd-15-bn-for-nine-food-water-and-energy-projects-under-nwfe\/&title=Gov\u2019t wants USD 15 bn for nine food, water and energy projects under NWFE\">\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=Gov%E2%80%99t+wants+USD+15+bn+for+nine+food%2C+water+and+energy+projects+under+NWFE+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F11%2F03%2Fgovt-wants-usd-15-bn-for-nine-food-water-and-energy-projects-under-nwfe%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\/2022\/11\/03\/govt-wants-usd-15-bn-for-nine-food-water-and-energy-projects-under-nwfe\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-576948\" class=\"content-area-description single-story post-576948 post type-post status-publish format-standard hentry category-development-finance tag-africa-development-bank tag-agriculture tag-development-finance tag-ebrd tag-energy tag-enterpriseam tag-food-security tag-nwfe tag-water 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>The International Cooperation Ministry will seek blended finance for nine projects <\/strong><strong>worth USD 15 bn in its Nexus on Water, Food and Energy (<\/strong><strong><a href=\"https:\/\/www.sis.gov.eg\/Story\/169930\/Egypt-aspires-to-present-success-story-in-COP27?lang=en-us\">NWFE<\/a><\/strong><strong>) program<\/strong>, the ministry said in <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0RFLj8knP4b9pqncHzzamiFhgxSRVM7UmTN41i1ynMkpLWw1HNdyoE2aYusm4Vcs9l\">a statement<\/a> yesterday. The projects include a \u201cmassive energy project,\u201d five projects in the field of agriculture and food security, and three in irrigation and water resources, the statement said. The projects aim to achieve the emissions targets in our recently announced <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8e159042-29f4-48a3-8499-809e5f8c53a8\">nationally determined contributions (NDCs)<\/a>.<\/p>\n<p><strong>SOUND SMART- Blended finance \u2014 in this context \u2014 refers to a mix of financing from bilateral and multilateral lenders, the private sector, and the government. <\/strong>Drumming up blended and concessional financing for projects in developing nations will be a key theme at this year\u2019s COP27 conference, where we expect to hear more announcements on funding for NWFE. The program is the government\u2019s flagship initiative for getting climate finance to some of our most important green projects.<\/p>\n<p><strong>Some i<\/strong><strong>nternational finance institutions are already on board<\/strong>, and have announced a combined USD 2.3 bn of funding for the program:<\/p>\n<ul>\n<li><strong>The European Bank for Reconstruction and Development<\/strong> is <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6de6e137-c444-4227-8153-71e7742f4808\">committing<\/a> <strong>USD <\/strong>200-300 mn to the energy track of the program. The money will help Egypt to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bb47fa0e-86be-4684-9bfb-ee1067524e29\">decommission 5 GW of gas-fired power plants<\/a> starting next year.<\/li>\n<li><strong>The African Development Bank (AfDB)<\/strong> will provide <strong>more than USD 1 bn<\/strong> to NWFE, <a href=\"https:\/\/www.asharqbusiness.com\/article\/43575\">Bloomberg Asharq<\/a> reported yesterday. Samuel Kamara, the bank\u2019s country director, told the news outlet that the money would be split between the water, food and energy tracks.<\/li>\n<li><strong>The <\/strong><strong>International Fund for Agricultural Development (IFAD)<\/strong> is committing <strong>USD 200 <\/strong><strong>mn<\/strong> to the food track, regional director Dina Saleh told Asharq.<\/li>\n<li><strong>Other organizations<\/strong> <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/073f0563-1a97-45de-afc4-97c50b515bac\">partnering with IFAD<\/a> are providing another <strong>USD 775 mn<\/strong> though their identities are yet to be revealed.<\/li>\n<\/ul>\n<p><strong>More climate finance news triggers to look out for at COP:<\/strong><\/p>\n<ul>\n<li>The ministry will launch its <strong>Sharm El Sheikh Fair Finance guide <\/strong>during Finance Day (9 November). The guide proposes a framework for climate finance for emerging markets.<\/li>\n<li>The government will announce a partnership with the <strong><a href=\"https:\/\/www.cif.org\/\">Climate Investment Funds (CIF)<\/a><\/strong> that promotes investments in<strong> sustainable agriculture<\/strong> and rural communities.<\/li>\n<li>There will also be an event with the <strong>World Economic Forum (WEF)<\/strong> to promote <strong>PPP development projects<\/strong>, and another with the <strong>EBRD<\/strong> to promote <strong>green hydrogen cooperation<\/strong>. <\/li>\n<li>Expect more details on an initiative with <strong>IFAD <\/strong>focused on<strong> resilience and adaptation.<\/strong><\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/africa-development-bank\/\">Africa Development Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/agriculture\/\">agriculture<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/development-finance\/\">development finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ebrd\/\">EBRD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/food-security\/\">food security<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/nwfe\/\">NWFE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/water\/\">water<\/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=\"576949\" 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=\"576949\">\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\">Startup watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/03\/paymob-interest-the-uae-tpay-is-streamlining-mozare3-could-team-up-with-the-ifc-to-help-local-farmers\/\">\r\n                            Paymob interest the UAE, TPay is streamlining + Mozare3 could team up with the IFC to help local farmers                        <\/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\/2022\/11\/03\/paymob-interest-the-uae-tpay-is-streamlining-mozare3-could-team-up-with-the-ifc-to-help-local-farmers\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The company is looking to make a \u201csizable investment\u201d in the UAE market over the next three years, the release reads.<\/p>\n<p><strong>New hub, new management: <\/strong>Paymob has appointed financial services professional Omar Haddad (<a href=\"https:\/\/www.linkedin.com\/in\/omar-al-haddad-cipm-cicm%E2%84%A2-76a9021\/\">LinkedIn<\/a>) as its GCC general manager. Haddad will build a more than 150-strong team in the UAE, according to the statement.<\/p>\n<p><strong>What they said: <\/strong>\u201cThere are currently over 400k businesses in the UAE, 61% of which are microbusinesses and 38% are SMEs. We see a massive opportunity to serve this market segment and our goal over the next three years is to empower 15% of those merchants with the latest payment technologies to fuel their growth and further digitize the economy,\u201d Paymob CEO and co-founder Islam Shawky said.<\/p>\n<p><strong>Paymob <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/08438889-d1a6-4753-9417-acba84ec6fa4\">rais<\/a><\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/08438889-d1a6-4753-9417-acba84ec6fa4\">ed USD 50 mn<\/a><\/strong><strong> in Egypt\u2019s largest ever reported fintech series B round <\/strong>earlier this year, led by Kora Capital, PayPal\u2019s venture capital arm PayPal Ventures, and Clay Point. The company had plans to use the capital to fund its regional expansion plans across the GCC and North Africa, to add new products, and expand its merchant base. Co-founder Alain El Hajj was our <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fcdd6f5a-864e-4bf9-a9fb-5894f7dbe8e8\">founder of the week<\/a> earlier this year.<\/p>\n<p><strong>TPAY THE LATEST LOCAL STARTUP TO TIGHTEN ITS BELT-<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>Mobile payments platform <\/strong><strong><a href=\"https:\/\/tpaymobile.com\/\">TPay Mobile<\/a><\/strong><strong> is restructuring its business and <\/strong><strong>trimming its headcount <\/strong>amid financing challenges, <a href=\"https:\/\/bit.ly\/3DoFAt5\">Al Mal<\/a> reported Sunday, citing what it said was a source familiar with the matter. <strong>Company representatives did not respond to requests for comment when we reached out this week. <\/strong><\/p>\n<p><strong>TPay said last week that it is \u201crefreshing its strategy\u201d:<\/strong> TPay <a href=\"https:\/\/tpaymobile.com\/tpay-accelerates-business-growth-with-merchant-centric-product-led-strategy\/\">alluded<\/a> to a restructure last week, saying it would embark on a \u201creorganization\u201d of the company that will have a \u201ccompact\u201d management team. The statement made no mention of financial challenges and quoted CEO Gaston Aussems saying that TPay has a \u201csolid business model and healthy cash flow.\u201d<\/p>\n<p><strong>Has there been a management shuffle?<\/strong> The company didn\u2019t say explicitly that the company will reduce headcount, though the managing partner at Helios Investment Partners \u2060\u2014 one of TPAY\u2019s shareholders \u2060\u2014 indicates that new people have been brought into management. \u201cWe\u2019re excited to see TPAY\u2019s new leadership team deliver this vision and remain fully committed to the business,\u201d Babatunde Soyoye is quoted as saying in the statement.<\/p>\n<p><strong>Founder Sahar Salama <\/strong><strong><a href=\"https:\/\/tpaymobile.com\/tpay-mobiles-founder-and-ceo-sahar-salama-hands-over-ceo-responsibilities-to-become-group-chairwoman\/\">stepped down as CEO in July<\/a><\/strong> and is now serving as \u201cgroup chairwoman,\u201d a role her <a href=\"https:\/\/www.linkedin.com\/in\/sahar-salama-3374899\/?originalSubdomain=eg\">LinkedIn page<\/a> notes is part time. Sahar <a href=\"https:\/\/enterprise.press\/podcast\/#98489\">appeared on our podcast Making It<\/a> back in May 2020.<\/p>\n<p><strong>The global economic slowdown has <\/strong><strong><a href=\"https:\/\/enterprise.press\/whatsnexts\/vc-funding-for-egyptian-startups-is-drying-up\/\">caught up<\/a><\/strong><strong> with the Egyptian startup scene<\/strong>, with VC funding across the board <a href=\"https:\/\/enterprise.press\/whatsnexts\/startups-globally-urged-cut-spending-egyptian-startups-need-start-tightening-belts\/\">tightening<\/a> amid fears of recession. <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ea5eb9c7-6b0c-428f-a102-78b147e5f7c9\">Down rounds<\/a> \u2014 when a company sells shares at a lower price than its previous funding round \u2014 are everywhere, while the implosion of local startup <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/899989a6-5cfd-4d45-8b01-8a0bdeb5cbb1\">Capiter<\/a> has some in the startup scene predicting that more young companies will face funding challenges, with reports of layoffs now becoming more common.<\/p>\n<p><strong>MOZARE3 COULD PARTNER WITH IFC-<\/strong><\/p>\n<p><strong>Agri-fintech startup Mozare3 inked an agreement for a \u201cpotential partnership\u201d with <\/strong><strong>the International Finance Corporation (IFC) to support local farmers<\/strong> \u201cdigitally and financially,\u201d Mozare3 CEO Hussein Abou Bakr said in a <a href=\"https:\/\/www.linkedin.com\/posts\/hussein-abou-bakr-134697ab_a-big-milestone-we-signed-the-agreement-activity-6993136923644968961-DAPa\/\">LinkedIn post<\/a>. \u201cIt would be a leap in knowledge transfer to benefit small farmers in Egypt from experiences and projects of IFC in other relevant countries,\u201d he said.<\/p>\n<p><strong>About Mozare3: <\/strong>The agri-fintech platform manages the supply chain between corporations and Egyptian farmers including digital invoices and deliveries, and offers farmers embedded finance and agronomy support. Founded in 2020 by Abou Bakr (<a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/93a7bd00-ec88-46d1-b4fd-4ef4d2bb3155\">Founder of the Week<\/a>) and Tamer El Raghy (<a href=\"https:\/\/www.linkedin.com\/in\/tamer-el-raghy-22b92b\/\">LinkedIn<\/a>), Mozare3 raised a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/292ec52e-4b46-4fc0-911e-49e42f6997c7\">seven-figure pre-series A round<\/a> last year from Algebra Ventures and Disruptech.<\/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\/fintech\/\">Fintech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/international-finance-corporation\/\">International Finance Corporation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mozare3\/\">Mozare3<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/paymob\/\">Paymob<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startup-watch\/\">Startup watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startups\/\">startups<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tpay\/\">TPay<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/uae\/\">UAE<\/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=\"576951\" 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                            \"\r\n            id=\"576951\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/03\/576951\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-576951\" class=\"content-area-description single-story post-576951 post type-post status-publish format-standard hentry category-uncategorized wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class='web-image'><a href='https:\/\/b2gcop27.moharrampartners.com\/'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/MP-COP27-Meeting-Enterprise-Web-Size-1.png?ssl=1\" alt='enterprise'><\/a><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"576952\" 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=\"576952\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/03\/emirati-tech-company-acquires-speeds-fmcg-app\/\">\r\n                            Emirati tech company acquires Speed\u2019s FMCG app                        <\/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\/2022\/11\/03\/emirati-tech-company-acquires-speeds-fmcg-app\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/03\/emirati-tech-company-acquires-speeds-fmcg-app\/70-jpg-16\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/70.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"70.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/70.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/70.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-576952\" class=\"content-area-description single-story post-576952 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch tag-bluev tag-catalyst-partners tag-enterpriseam tag-fmcg tag-logistics tag-ma-watch tag-startups tag-x-era wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a id=\"tldr-story-07\" class=\"content-anchor\"><\/a> <strong>The<\/strong> <strong>Speed app has new Emirati owners: <\/strong>Emirati logistics and tech company <a href=\"https:\/\/www.linkedin.com\/company\/x-era\/about\/\">X-ERA<\/a> has acquired B2B e-commerce platform <a href=\"http:\/\/www.speed.com.eg\/default\/\">Speed<\/a> for an undisclosed sum, it said in a <a href=\"https:\/\/ent.news\/2022\/11\/X-ERA-Takeovers-SPEED-PRL-EN.pdf\">statement (pdf)<\/a> yesterday. X-ERA will revamp the Speed app to make it more user-friendly and introduce new features for businesses selling fast-moving consumer goods.<\/p>\n<p><strong>Speed: <\/strong>The one-stop-shop lets small and medium-sized grocery store owners order inventory for delivery within 24 hours. The app is affiliated with the wider Speed brand, which works in FMCG distribution, warehousing, logistics, packing and import.<\/p>\n<p><strong>About the new owners: <\/strong>Founded in 2020, X-ERA invests in digital retail supply chain and logistics solutions that help develop the informal market, according to the statement.<\/p>\n<p><strong>A rebrand and major expansion is in the works: <\/strong>X-ERA plans to rebrand the Speed app and wants to expand its current user base from 35k merchants to 100k by mid-2023, X-ERA CEO Mahmoud El Enani said in the statement.<\/p>\n<p><strong>CATALYST FUNDS CLOSE TO FIRST ACQUISITION-<\/strong><\/p>\n<p><strong>Impact investor Catalyst Partners\u2019 <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/614db3fa-c040-4c64-aa91-1314f18a4edb\">Catalyst Capital Egypt Fund<\/a><\/strong><strong> is close to closing <\/strong><strong>an acquisition deal<\/strong> \u2014 a company that has developed a platform for operating electric motorcycles named <a href=\"https:\/\/twitter.com\/UNDPEgypt\/status\/1587527600234184705\">BluEV<\/a>, the fund\u2019s Managing Director Abdel Aziz Abdel Nabi told Enterprise. Abdel Nabi did not provide details on the stake or the size of the transaction, but said that the acquisition is being done in collaboration with the UN Development Program.<\/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\/bluev\/\">BluEV<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/catalyst-partners\/\">Catalyst Partners<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fmcg\/\">FMCG<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/logistics\/\">logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ma-watch\/\">M&amp;A Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startups\/\">startups<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/x-era\/\">X-ERA<\/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=\"576954\" 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=\"576954\">\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\">Startup watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/03\/startups-to-watch-at-cop27\/\">\r\n                            Startups to watch at COP27                        <\/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\/2022\/11\/03\/startups-to-watch-at-cop27\/\" 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\/2022\/11\/03\/startups-to-watch-at-cop27\/')\">\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\/2022\/11\/03\/startups-to-watch-at-cop27\/\">\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=Startups to watch at COP27&url=https:\/\/enterpriseam.com\/egypt\/2022\/11\/03\/startups-to-watch-at-cop27\/\">\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\/2022\/11\/03\/startups-to-watch-at-cop27\/&title=Startups to watch at COP27\">\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=Startups+to+watch+at+COP27+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F11%2F03%2Fstartups-to-watch-at-cop27%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\/2022\/11\/03\/startups-to-watch-at-cop27\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-576954\" class=\"content-area-description single-story post-576954 post type-post status-publish format-standard hentry category-startup-watch tag-climatech tag-cop27 tag-enterpriseam tag-mozare3 tag-startup-watch tag-startups wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Fifteen global green startups will pitch at COP27 as part of the government\u2019s <\/strong><strong>ClimaTech competition \u2014 but who are they? <\/strong>The International Cooperation Ministry has selected its 15-strong shortlist from the 422 startups that applied to the <a href=\"https:\/\/climatechrun.com\/ar\">ClimaTech Run<\/a> competition. The chosen firms will pitch their businesses to a judging panel composed of top UN officials as well as representatives of Afreximbank, Microsoft, and Google during the climate summit\u2019s Youth Day, the ministry <a href=\"https:\/\/moic.gov.eg\/ar\/news\/764?fbclid=IwAR2m5fShOpo0gzvd_9a6_eZcyQosNVJ0wpZVwZEfjM1MiCfKSdfu9OBh0Qo\">said<\/a> yesterday. The startups present sustainable solutions in sectors including energy, agriculture, food security, transport, and urban development. Together they operate across 46 countries, with eight firms based on the African continent.<\/p>\n<p><strong>One of our own made the cut: <\/strong>Local agri-fintech startup <a href=\"https:\/\/www.mozare3.net\/\">Mozare3<\/a> is among the chosen firms.<\/p>\n<p><strong>The other 14 startups are:<\/strong><\/p>\n<ul>\n<li><strong><a href=\"https:\/\/beesage.co\/\">BeeSage<\/a><\/strong>, a European startup which uses tech to increase the productivity of beehives;<\/li>\n<li>Cameroonian recycling and waste management firm <strong><a href=\"https:\/\/bleaglee.com\/\">BleagLee<\/a><\/strong><strong>;<\/strong><\/li>\n<li>Food security and agriculture startup <strong><a href=\"https:\/\/earthly.org\/\">Earthly<\/a><\/strong><strong>;<\/strong><\/li>\n<li><strong><a href=\"https:\/\/www.heliorec.com\/\">HelioRec<\/a><\/strong>, which builds floating solar plants;<\/li>\n<li>Indian waste management startup <strong><a href=\"https:\/\/cerclex.com\/\">Infinite Cercle Private<\/a><\/strong>;<\/li>\n<li>Agritech startup <strong><a href=\"https:\/\/www.koltiva.com\/\">Koltiva<\/a><\/strong>;<\/li>\n<li>Cold storage solutions company <strong><a href=\"https:\/\/www.koolboks.com\/about\">Koolboks<\/a><\/strong>;<\/li>\n<li>Waterless sanitation firm <strong><a href=\"https:\/\/liquidgold.co.za\/\">LiquidGold<\/a><\/strong>;<\/li>\n<li>Emirati waste management company <strong><a href=\"https:\/\/www.nadeera.org\/#contact-us-id\">Nadeera<\/a><\/strong>;<\/li>\n<li>Solar agritech firm <strong><a href=\"https:\/\/leap4fnssa.eu\/agora_ngwala-inventions\/\">Ng\u2019wala Inventions<\/a><\/strong>;<\/li>\n<li><strong><a href=\"https:\/\/www.ryplabs.com\/\">Ryp Labs<\/a><\/strong>, which makes compounds that extend the shelf life of fresh produce;<\/li>\n<li>Sustainable industrial firm <strong><a href=\"https:\/\/seppure.com\/\">Seppure<\/a><\/strong>;<\/li>\n<li>Real estate analytics firm <strong><a href=\"https:\/\/www.skenariolabs.com\/\">Skenariolabs<\/a><\/strong>;<\/li>\n<li><strong><a href=\"https:\/\/www.thinkbikes.com.ng\/\">ThinkBikes<\/a><\/strong>, a Nigerian bike-sharing platform.<\/li>\n<\/ul>\n<p><strong>What\u2019s in it for them: <\/strong>The startups will be competing for USD 100k in funding for the top finisher, with the number-two company taking home USD 50k and a third USD 25k. The eight African startups also have a shot at a USD 50k award and a runner-up USD 25k award. Their participation in COP will also give them the chance to exchange expertise and gain support for expansion, International Cooperation Minister Rania Al Mashat said.<\/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\/climatech\/\">ClimaTech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cop27\/\">COP27<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mozare3\/\">Mozare3<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startup-watch\/\">Startup watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startups\/\">startups<\/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=\"576955\" 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=\"576955\">\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\">LEGISLATION WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/03\/cutting-red-tape-for-tourism-cracking-down-on-piracy\/\">\r\n                            Cutting red tape for tourism + cracking down on piracy                        <\/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\/2022\/11\/03\/cutting-red-tape-for-tourism-cracking-down-on-piracy\/\" 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\/2022\/11\/03\/cutting-red-tape-for-tourism-cracking-down-on-piracy\/')\">\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\/2022\/11\/03\/cutting-red-tape-for-tourism-cracking-down-on-piracy\/\">\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=Cutting red tape for tourism + cracking down on piracy&url=https:\/\/enterpriseam.com\/egypt\/2022\/11\/03\/cutting-red-tape-for-tourism-cracking-down-on-piracy\/\">\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\/2022\/11\/03\/cutting-red-tape-for-tourism-cracking-down-on-piracy\/&title=Cutting red tape for tourism + cracking down on piracy\">\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=Cutting+red+tape+for+tourism+%2B+cracking+down+on+piracy+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F11%2F03%2Fcutting-red-tape-for-tourism-cracking-down-on-piracy%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\/2022\/11\/03\/cutting-red-tape-for-tourism-cracking-down-on-piracy\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/71.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"576956\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/03\/cutting-red-tape-for-tourism-cracking-down-on-piracy\/71-jpg-24\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/71.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"71.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/71.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/71.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-576955\" class=\"content-area-description single-story post-576955 post type-post status-publish format-standard has-post-thumbnail hentry category-legislation-watch tag-enterpriseam tag-hospitality tag-intellectual-property tag-legislation tag-legislation-watch tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The House Tourism Committee yesterday approved in principle legislation to <\/strong><strong>simplify licensing procedures for businesses in the tourism and hospitality industries<\/strong>. The government-drafted bill, which was <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d3b4aa4e-88a8-4a01-b3cc-f1045c1c7402\">approved by the Cabinet<\/a> in September 2021, would set up ministerial committees charged with eliminating red tape for tourism companies and making it easier for them to obtain licenses. <strong>The aim:<\/strong> to attract more private investment into the sector.<\/p>\n<p><strong>The government wants to get tough on piracy:<\/strong> The House Legislative and Constitutional Affairs Committee began yesterday discussing new government-drafted amendments to the 2002 Intellectual Property Rights Law aimed at cracking down on rising book and audio-visual piracy. Rep Doha Assi, member of the House Culture Committee, said that Article 181 of the law will be amended to toughen penalties, without specifying how. The bill currently allows violators to be fined EGP 5k-10k and receive minimum one-month jail terms.<\/p>\n<p><strong>REMEMBER- <\/strong>The government <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/69a333e7-9848-43ac-bff4-717a4c97f3e9\">announced in September<\/a> that it will establish a National Intellectual Property Authority in the coming two years as part of a five-year IP strategy (<a href=\"https:\/\/ent.news\/2022\/9\/Intellectual-Property-Strategy_EN.pdf\">pdf<\/a>). The strategy provides a roadmap for putting into place an institutional framework for governing intellectual property rights and streamlining policymaking.<\/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\/hospitality\/\">hospitality<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/intellectual-property\/\">intellectual property<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/legislation\/\">legislation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/legislation-watch\/\">Legislation Watch<\/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=\"576957\" 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=\"576957\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/03\/macro-group-earnings-rise-19-y-o-y-in-the-first-nine-months-of-2022\/\">\r\n                            Macro Group earnings rise 19% y-o-y in the first nine months of 2022                        <\/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\/2022\/11\/03\/macro-group-earnings-rise-19-y-o-y-in-the-first-nine-months-of-2022\/\" 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\/2022\/11\/03\/macro-group-earnings-rise-19-y-o-y-in-the-first-nine-months-of-2022\/')\">\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\/2022\/11\/03\/macro-group-earnings-rise-19-y-o-y-in-the-first-nine-months-of-2022\/\">\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=Macro Group earnings rise 19% y-o-y in the first nine months of 2022&url=https:\/\/enterpriseam.com\/egypt\/2022\/11\/03\/macro-group-earnings-rise-19-y-o-y-in-the-first-nine-months-of-2022\/\">\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\/2022\/11\/03\/macro-group-earnings-rise-19-y-o-y-in-the-first-nine-months-of-2022\/&title=Macro Group earnings rise 19% y-o-y in the first nine months of 2022\">\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=Macro+Group+earnings+rise+19%25+y-o-y+in+the+first+nine+months+of+2022+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F11%2F03%2Fmacro-group-earnings-rise-19-y-o-y-in-the-first-nine-months-of-2022%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\/2022\/11\/03\/macro-group-earnings-rise-19-y-o-y-in-the-first-nine-months-of-2022\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-576957\" class=\"content-area-description single-story post-576957 post type-post status-publish format-standard hentry category-earnings-watch tag-earnings tag-earnings-watch tag-enterpriseam tag-macro-group wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Macro Group\u2019s net income is up 19% in 9M 2022<\/strong> when adjusted for IPO an ESOP expenses, the cosmeceuticals firm said in its <a href=\"https:\/\/ent.news\/2022\/11\/MACRO-9M22-Earnings-Release-E.pdf\">earnings release (pdf)<\/a> out yesterday. Revenues are up 25% year-to-date at EGP 520 mn. Revenue growth was underpinned more by price hikes \u2014 which rose by 19% on average \u2014 than higher sales volumes, which increased marginally during the nine-month period. The company launched 19 new products between January and September, including nine in the third quarter.<\/p>\n<p><strong>Looking ahead: \u201c<\/strong>Going forward, we will continue to create value through innovative new launches, while capitalizing on the inherent advantage of our product portfolio over imported substitutes amid current market conditions,\u201d Chairman Ahmed El Nayeb said.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/earnings\/\">earnings<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/earnings-watch\/\">earnings watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/macro-group\/\">Macro Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"576958\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"576958\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/03\/576958\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-576958\" class=\"content-area-description single-story post-576958 post type-post status-publish format-standard hentry category-uncategorized wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class='web-image'><a href='https:\/\/www.sodic.com\/'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/7\/Sodic-25_EXPERIENCES_1600px.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"576959\" 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=\"576959\">\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\">LAST NIGHT\u2019S TALK SHOWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/03\/it-was-all-about-the-arab-league-summit-on-the-airwaves-last-night\/\">\r\n                            It was all about the Arab League summit on the airwaves last night                        <\/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\/2022\/11\/03\/it-was-all-about-the-arab-league-summit-on-the-airwaves-last-night\/\" 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\/2022\/11\/03\/it-was-all-about-the-arab-league-summit-on-the-airwaves-last-night\/')\">\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\/2022\/11\/03\/it-was-all-about-the-arab-league-summit-on-the-airwaves-last-night\/\">\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=It was all about the Arab League summit on the airwaves last night&url=https:\/\/enterpriseam.com\/egypt\/2022\/11\/03\/it-was-all-about-the-arab-league-summit-on-the-airwaves-last-night\/\">\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\/2022\/11\/03\/it-was-all-about-the-arab-league-summit-on-the-airwaves-last-night\/&title=It was all about the Arab League summit on the airwaves last night\">\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=It+was+all+about+the+Arab+League+summit+on+the+airwaves+last+night+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F11%2F03%2Fit-was-all-about-the-arab-league-summit-on-the-airwaves-last-night%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\/2022\/11\/03\/it-was-all-about-the-arab-league-summit-on-the-airwaves-last-night\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-576959\" class=\"content-area-description single-story post-576959 post type-post status-publish format-standard hentry category-last-nights-talk-shows tag-abdel-fattah-el-sisi tag-algeria tag-arab-league tag-diplomacy tag-enterpriseam tag-last-nights-talk-shows tag-politics wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>It was a rather slow night on talk shows yesterday<\/strong>, with talking heads giving President El Sisi\u2019s speech during the Arab League summit in Algeria priority. Masaa DMC (<a href=\"https:\/\/www.youtube.com\/watch?v=y-kxSnQ0GZo\">watch, runtime: 2:45<\/a>), Ala Mas\u2019ouleety (<a href=\"https:\/\/www.youtube.com\/watch?v=AJXa6o3NU0s\">watch, runtime: 2:18<\/a>) and Al Hayah Al Youm (<a href=\"https:\/\/www.youtube.com\/watch?v=rCNPIet1shQ\">watch, runtime: 1:32<\/a>) all covered this speech, which touched on regional security and the Grand Ethiopian Renaissance Dam. Meanwhile, in an interview on Yahduth Fi Masr Arab League Assistant Secretary-General Hossam Zaki downplayed the absence of a third of the region\u2019s leaders, arguing that the level of representation was actually \u201chigh\u201d and was not an obstacle for the summit (<a href=\"https:\/\/web.facebook.com\/watch\/?v=1479270445883822\">watch, runtime: 7:27<\/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\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/algeria\/\">Algeria<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/arab-league\/\">Arab League<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/last-nights-talk-shows\/\">LAST NIGHT\u2019S TALK SHOWS<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"576960\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 .stk-block-carousel__button svg.ugb-custom-icon :is(g, path, rect, polygon, ellipse){fill:#FFFFFF 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draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240923.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/efghldg.com\/en\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27488.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Realize More<\/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-dn790bm\" data-v=\"4\" data-block-id=\"dn790bm\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-dn790bm-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-dn790bm-inner-blocks\">\r\n            <div 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class=\"stk-block-content stk-inner-blocks stk-dsqzg7i-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\/240925.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/weareinfinity.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" 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-ro2yis8\" data-v=\"4\" data-block-id=\"ro2yis8\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-ro2yis8-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-ro2yis8-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 stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-left\" class=\"svg-inline--fa fa-chevron-left\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M34.52 239.03L228.87 44.69c9.37-9.37 24.57-9.37 33.94 0l22.67 22.67c9.36 9.36 9.37 24.52.04 33.9L131.49 256l154.02 154.75c9.34 9.38 9.32 24.54-.04 33.9l-22.67 22.67c-9.37 9.37-24.57 9.37-33.94 0L34.52 272.97c-9.37-9.37-9.37-24.57 0-33.94z\"><\/path><\/svg><\/button><button class=\"stk-block-carousel__button stk-block-carousel__button__next\" aria-label=\"Next slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-right\" class=\"svg-inline--fa fa-chevron-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M285.476 272.971L91.132 467.314c-9.373 9.373-24.569 9.373-33.941 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=\"576961\" 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=\"576961\">\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\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/03\/nobel-laureates-call-for-release-of-prisoners-ahead-of-cop27\/\">\r\n                            Nobel Laureates call for release of prisoners ahead of COP27                        <\/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\/2022\/11\/03\/nobel-laureates-call-for-release-of-prisoners-ahead-of-cop27\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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href=\"https:\/\/api.whatsapp.com\/send?text=Nobel+Laureates+call+for+release+of+prisoners+ahead+of+COP27+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F11%2F03%2Fnobel-laureates-call-for-release-of-prisoners-ahead-of-cop27%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\/2022\/11\/03\/nobel-laureates-call-for-release-of-prisoners-ahead-of-cop27\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-576961\" class=\"content-area-description single-story post-576961 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-alaa-abdel-fattah tag-climate tag-cop27 tag-economy tag-enterpriseam tag-human-rights tag-imf wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Human rights is continuing to drive the conversation on Egypt in the foreign press this morning<\/strong> after imprisoned activist Alaa Abdel Fattah started a full hunger strike on Tuesday. A group of 15 Novel Laureates yesterday called on world leaders and diplomats to push for the release of prisoners and said Abdel Fattah was \u201cat risk of death,\u201d according to the <a href=\"https:\/\/apnews.com\/article\/british-politics-entertainment-africa-egypt-europe-0d3979847f644f1779d867121ea624cf\">Associated Press<\/a> and <a href=\"https:\/\/www.theguardian.com\/environment\/2022\/nov\/02\/alaa-abd-el-fattah-egyptian-hunger-striker-may-die-in-prison-nobel-laureates-warn-world-leaders-cop27\">the Guardian<\/a>. <a href=\"https:\/\/www.al-monitor.com\/originals\/2022\/11\/ahead-cop27-democrats-push-biden-confront-egypt-human-rights\">Al Monitor<\/a> reports that Democratic lawmakers are calling on President Joe Biden to put pressure on Cairo to pardon detainees, while <a href=\"https:\/\/www.washingtonpost.com\/opinions\/2022\/11\/02\/cop27-egypt-abdul-fatah-al-sissi\/\">the Washington Post\u2019s editorial board<\/a> demands that our rights record be talked about at COP27.<\/p>\n<p><strong>COP27 is a reminder to the world just how badly the climate crisis is affecting <\/strong><strong>Egypt:<\/strong> <a href=\"https:\/\/www.bloomberg.com\/news\/features\/2022-11-02\/egypt-host-of-cop27-needs-un-climate-summit-to-succeed-to-prevent-crisis?srnd=premium&leadSource=uverify%20wall&sref=mmeFTDW1\">Bloomberg<\/a> has a Big Take about the disastrous effects rising temperatures and higher sea levels will have on Egypt while the <a href=\"https:\/\/www.washingtonpost.com\/business\/climate-change-and-rising-seas-threaten-egypts-breadbasket\/2022\/11\/02\/c1a892cc-5a74-11ed-bc40-b5a130f95ee7_story.html\">Associated Press<\/a> and <a href=\"https:\/\/sg.news.yahoo.com\/nile-mortal-danger-source-sea-032557344.html\">AFP<\/a> carry similar pieces. Meanwhile, <a href=\"https:\/\/www.yahoo.com\/now\/sinking-alexandria-faces-coming-catastrophe-044832980.html\">AFP<\/a> writes that Alexandria is <a href=\"https:\/\/www.yahoo.com\/now\/sinking-alexandria-faces-coming-catastrophe-044832980.html\">at risk of \u201cdisappearing\u201d<\/a> within decades.<\/p>\n<p><strong>And a word about one of our sponsors:<\/strong> The <a href=\"https:\/\/www.ft.com\/content\/662d4a0d-e8f5-4cd4-b03f-05b97e13e771\">Financial Times<\/a> is continuing to focus on Coca-Cola\u2019s sponsorship of the event, writing yesterday that the soft drinks company has increased its use of new plastic by 3.5% since 2019, instead of expanding use of recycled material.<\/p>\n<p><strong>Also making headlines: <\/strong><\/p>\n<ul>\n<li><strong>More on the <\/strong><strong>state of the economy<\/strong><strong>:<\/strong> <a href=\"https:\/\/foreignpolicy.com\/2022\/11\/02\/egypt-economy-sisi-imf-cop-27-united-nations-climate\/\">Foreign Policy<\/a> is the latest to do a deep dive on Egypt\u2019s economy in light of the USD 3 bn loan we received from the IMF <a href=\"https:\/\/enterprise.press\/afternoons\/pm-taweem-3-0-sees-egp-at-23-03-against-the-greenback\/\">last week<\/a>.<\/li>\n<li><strong>A balancing act:<\/strong> Egypt trying to carefully maintain a balance between its relationship with Western allies and Russia is getting a mention. (<a href=\"https:\/\/www.dw.com\/en\/egypts-difficult-balancing-act-between-the-west-and-russia\/a-63622594\">DW<\/a>)<\/li>\n<\/ul>\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\/alaa-abdel-fattah\/\">Alaa Abdel Fattah<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/climate\/\">Climate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cop27\/\">COP27<\/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\/human-rights\/\">human rights<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/imf\/\">IMF<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"576962\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"576963\" 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=\"576963\">\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\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/03\/e-finance-to-launch-cloud-computing-platform-this-month\/\">\r\n                            e-Finance to launch cloud computing platform this month                        <\/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\/2022\/11\/03\/e-finance-to-launch-cloud-computing-platform-this-month\/\" 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\/2022\/11\/03\/e-finance-to-launch-cloud-computing-platform-this-month\/')\">\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\/2022\/11\/03\/e-finance-to-launch-cloud-computing-platform-this-month\/\">\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=e-Finance to launch cloud computing platform this month&url=https:\/\/enterpriseam.com\/egypt\/2022\/11\/03\/e-finance-to-launch-cloud-computing-platform-this-month\/\">\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\/2022\/11\/03\/e-finance-to-launch-cloud-computing-platform-this-month\/&title=e-Finance to launch cloud computing platform this month\">\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=e-Finance+to+launch+cloud+computing+platform+this+month+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F11%2F03%2Fe-finance-to-launch-cloud-computing-platform-this-month%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\/2022\/11\/03\/e-finance-to-launch-cloud-computing-platform-this-month\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-576963\" class=\"content-area-description single-story post-576963 post type-post status-publish format-standard hentry category-also-on-our-radar tag-also-on-our-radar tag-banking tag-dabaa-nuclear-plant tag-e-finance tag-enterpriseam tag-first-abu-dhabi-bank tag-ora-developers tag-orascom-construction tag-real-estate 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_408146\"\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\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408144.svg\" alt=\"\" class=\"wp-image-408144\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><strong>EGX-listed e-payments giant e-Finance will launch a cloud computing platform later <\/strong><strong>this month<\/strong> and has inked a protocol with the government to build a <strong>digital platform for industrial investors<\/strong>, it said in <a href=\"https:\/\/ent.news\/2022\/11\/e-finance-PR-ICT-E-v1.pdf\">a statement (pdf)<\/a> yesterday.<\/p><p><strong>E-Finance\u2019s target customers?<\/strong> They include \u201cgovernment institutions, banking and non-banking financial institutions, and private sector firms,\u201d it said, noting it will unveil the platform at Cairo ICT, which is set to take place 27-30 November. A who\u2019s who of global tech players are service providers to the platform, including Pure Storage, Dell, IBM, Cisco, VMware, Commvault, Fortinet, Paloalto, Citrix, F5, Redhat, and Huawei, it said.<\/p><p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p><ul>\n<li>Emirati lender <strong>First Abu Dhabi Bank<\/strong> has completed the merger of <strong>FAB Egypt <\/strong>and <strong>Bank Audi Egypt<\/strong> after <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7db0f456-9e63-420a-b309-a9a455fb3667\">acquiring the Lebanese lender<\/a> in June. (<a href=\"https:\/\/ent.news\/2022\/11\/Press-Release-FABMISR.pdf\">Statement, pdf<\/a>)<\/li>\n<li>The <strong>Nuclear and Radiological Regulatory Authority<\/strong> has given permission for construction to begin on the <strong>second reactor<\/strong> of the <strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/60ea8ab6-9f81-43cc-a75d-b3ff1de7a342\">4.8 GW Dabaa<\/a><\/strong><strong> nuclear power plant<\/strong>. (<a href=\"https:\/\/www.alborsaanews.com\/2022\/11\/02\/1593795\">Al Borsa<\/a>)<\/li>\n<li>China\u2019s <strong>AVIC<\/strong> has received approval from the General Authority for Land and Dry Ports to build a <strong>EGP 5 bn logistics zone <\/strong>in <strong>Salloum<\/strong>, a city on the Libyan border. (<a href=\"https:\/\/www.alborsaanews.com\/2022\/11\/02\/1593800\">Al Borsa<\/a>)<\/li>\n<li><strong>Ora Developers Egypt <\/strong>awarded a EGP 2.5 bn contract to <strong>Orascom <\/strong><strong>Construction <\/strong>to build the first phase of its mixed-use <strong>Silversands project <\/strong>on the North Coast. (<a href=\"https:\/\/ent.news\/2022\/11\/SilverSands-Agreement-with-Orascom-Construction_final.pdf\">Statement, pdf<\/a>)<\/li>\n<\/ul>\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\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/dabaa-nuclear-plant\/\">Dabaa nuclear plant<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/e-finance\/\">e-finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/first-abu-dhabi-bank\/\">First Abu Dhabi Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ora-developers\/\">Ora Developers<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/orascom-construction\/\">Orascom Construction<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"576965\" 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=\"576965\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">13<\/div>\r\n\r\n                    <p class=\"f-graphik\">My Morning Routine<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/03\/my-morning-routine-clemence-vidal-de-la-blache-country-head-french-development-agency\/\">\r\n                            My Morning Routine: Cl\u00e9mence Vidal De La Blache, country head, French Development Agency                        <\/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\/2022\/11\/03\/my-morning-routine-clemence-vidal-de-la-blache-country-head-french-development-agency\/\" 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\/2022\/11\/03\/my-morning-routine-clemence-vidal-de-la-blache-country-head-french-development-agency\/')\">\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\/2022\/11\/03\/my-morning-routine-clemence-vidal-de-la-blache-country-head-french-development-agency\/\">\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 Morning Routine: Cl\u00e9mence Vidal De La Blache, country head, French Development Agency&url=https:\/\/enterpriseam.com\/egypt\/2022\/11\/03\/my-morning-routine-clemence-vidal-de-la-blache-country-head-french-development-agency\/\">\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\/2022\/11\/03\/my-morning-routine-clemence-vidal-de-la-blache-country-head-french-development-agency\/&title=My Morning Routine: Cl\u00e9mence Vidal De La Blache, country head, French Development Agency\">\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+Morning+Routine%3A+Cl%C3%A9mence+Vidal+De+La+Blache%2C+country+head%2C+French+Development+Agency+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F11%2F03%2Fmy-morning-routine-clemence-vidal-de-la-blache-country-head-french-development-agency%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\/2022\/11\/03\/my-morning-routine-clemence-vidal-de-la-blache-country-head-french-development-agency\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/74.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"576966\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/03\/my-morning-routine-clemence-vidal-de-la-blache-country-head-french-development-agency\/74-jpg-22\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/74.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"74.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/74.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/74.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-576965\" class=\"content-area-description single-story post-576965 post type-post status-publish format-standard has-post-thumbnail hentry category-my-morning-routine tag-enterpriseam tag-french-development-agency tag-my-morning-routine wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-10\"><\/a> <strong>Cl\u00e9mence Vidal De La Blache, country head at the French Development Agency:<\/strong> Each week, My Morning 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 French Development Agency country head Cl\u00e9mence Vidal De La Blache (<a href=\"https:\/\/www.linkedin.com\/in\/cl%C3%A9mence-vidal-de-la-blache-12264b65\/\">LinkedIn<\/a>). Edited excerpts from our conversation:<\/p>\n<p><strong>I\u2019m Cl\u00e9mence Vidal De La Blache, and I'm the Egypt country head of the French Development Agency (AFD), <\/strong>the development arm of the French government. We're a bilateral development finance institution. We finance sustainable development projects in over 100 countries. We've been present in Egypt since 2008 and we have a mandate to support projects that pursue the sustainable development goals (SDGs), that are aligned with the Egyptian government\u2019s development priorities, such as Vision 2030, and that contribute to our bilateral objectives like climate action.<\/p>\n<p><strong>I head a team of 20 people here, which is a relatively large office across our network. <\/strong>AFD has financed EUR 3.1 bn worth of investments in Egypt since 2008, and our portfolio has doubled over the past five years, which speaks to the developmental needs and the infrastructure finance needs in Egypt, but also speaks to the quality of the partners and projects here. I'm in charge of the strategic direction of AFD Egypt, and responsible for delivering the objectives that the Egyptian and French governments have set for us. Last June, we launched our new country strategy until 2025 with the Ministry of International Cooperation, which sets a very clear roadmap for us.<\/p>\n<p><strong>We have an objective of EUR 200-250 mn worth of development finance per year across four main priority investment areas:<\/strong> Clean energy and supporting Egypt's energy transition; Transport; Natural resources, such as water, sanitation and basic services; and sustainable finance. In addition to that, we also have a very important presence in social sectors such as health, social protection and education.<\/p>\n<p><strong>I'm also responsible for representing AFD to all of our clients, including the Egyptian government, public banks, public corporations, <\/strong>and the development community, such as UN agencies or the European Union, as well as contributing to the policy conversation surrounding the sectors and firms in which we are working. This includes French and Egyptian businesses, initiatives we fund, the French business community, and non-governmental organizations. One of the exciting aspects of this profession is the wide range of stakeholders.<\/p>\n<p><strong>I just arrived in September so I'm still building up a routine.<\/strong> I have my family here with me and a baby daughter who likes to wake up very early. So one of my joys is to start the day early and to spend quality time with her between 6-7.30am, just watching her explore the world. It's really thrilling to see her personality blossom. Then I like to walk to work, and to change routes every morning and explore the beautiful buildings on the island of Zamalek, and look for different coffee shops every day. I'm in the office by 8 am, and the workday begins. There\u2019s usually a mix of internal and external meetings. Sundays, for example, are typically reserved for internal meetings and planning for the coming week's priorities. I read Enterprise, then a variety of Egyptian and international newspapers. And I read the New York Times religiously.<\/p>\n<p><strong>What I love about this job is that we're at the intersection of policy and action.<\/strong> We wear both hats, the financier and the technical partner. So that means we\u2019re very actively involved in the design of the project, the policy and also the action. No two days are alike, and the ecosystem of stakeholders with whom we deal is incredibly diverse.<\/p>\n<p><strong>Professionally, I manage my agenda very carefully. <\/strong>Every Thursday evening, I review the next week's plan, and then every evening before I leave, I make sure I'm clear about the next day's schedule, and that it's matched with the priorities that evolve quite rapidly in the week. The one constant in my day is my quality morning time with my daughter, because I'm not always sure I can get home in time to put her to sleep.<\/p>\n<p><strong>I stay focused by drinking lots of coffee. More seriously, I aspire to run on a regular basis in order to stay focused and sharp<\/strong>. I usually try to do one race a year to have a training objective. That serves as a stress reliever and as a way for me to stay focused. This year, I have enrolled for a run at the pyramids in early December, which I\u2019m excited for.<\/p>\n<p><strong>In terms of winding down, I love to discover the cities that I live in, especially such a fascinating city like Cairo.<\/strong> I'm a big history nerd, and a big fan of culture. It's one of the joys of the kind of work that I do where you're regularly posted abroad \u2014 the possibility of delving into new cultures. Over the past four or five weekends, I've managed to make some time for guided tours: to discover the pyramids in Giza, Islamic Cairo, and I went on a guided tour of El Moez Street which I loved. I really look forward to being able to explore that part of Cairo\u2019s history and civilization. I also love to dive, and it\u2019s something I\u2019m really looking forward to doing while in Egypt. I\u2019ve done over 100 dives, and am certified to go up to 60 meters. I find it deeply meditative and relaxing, and am itching to discover all the superb diving spots this country has to offer.<\/p>\n<p><strong>I just finished reading <\/strong><strong><a href=\"https:\/\/www.amazon.com\/Cairo-City-Victorious-Vintage-Departures-ebook\/dp\/B074YM783V\">Cairo: The City Victorious<\/a><\/strong><strong>, which is like a biography of Cairo by Max Rodenbeck.<\/strong> It's a wonderful introduction for an outsider to the long history of Cairo, from someone who's lived in the city for a very long time, and the writing is excellent. Really recommended. I also just bought David Sims\u2019 book, <a href=\"https:\/\/www.amazon.com\/Understanding-Cairo-Logic-City-Control-ebook\/dp\/B07F48SP1J\">Understanding Cairo<\/a>. He is an economist and an urban planner, and it's an analysis of urban projects in Cairo.<\/p>\n<p><strong>I come with a perspective that I'm here for a limited time.<\/strong> I already knew from the day that I arrived that I only have four years here. So both professionally and personally it means that there's an intensity to the experience. It's something that I think about quite often. And Ireally have it as a driver. It means literally making the most of every day and every week. To make an impact on the portfolio, to explore new sectors of collaboration, to steer projects. There's a sense of urgency. And I mean that in the best way possible. Despite the fact that our projects take years to be financed and to be implemented. So it's finding that right balance of maintaining a strong sense of urgency and a call to action, while keeping your focus on the medium and long term.<\/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\/french-development-agency\/\">French Development Agency<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"576967\" 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\/2022\/11\/03\/576967\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-576967\" class=\"content-area-description single-story post-576967 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><strong>NOVEMBER<\/strong><\/p>\n<p>1 November (Tuesday): Deadline for importers, exporters and customs brokers to join Nafeza.<\/p>\n<p>1-2 November (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/p>\n<p>1-2 November (Tuesday-Wednesday): Arab League annual summit, Algiers, Algeria.<\/p>\n<p>3-5 November (Thursday-Saturday): Egypt Fashion Week.<\/p>\n<p>4-6 November (Friday-Sunday): <a href=\"https:\/\/www.autotechegypt.com\/en\/home.html\">Autotech<\/a> auto exhibition, Cairo International Exhibition and Convention Center.<\/p>\n<p>5-8 November (Sunday-Tuesday): Techne Summit for Investment and Entrepreneurship, Alexandria, Egypt<\/p>\n<p>6-18 November (Sunday-Friday): Egypt will host <a href=\"https:\/\/cop27.eg\/\">COP27<\/a> in Sharm El Sheikh.<\/p>\n<p>7 November (Monday): <a href=\"https:\/\/www.greeninitiatives.gov.sa\/about-mgi\/\">Middle East Green Initiative<\/a>, Sharm El Sheikh.<\/p>\n<p>7 November (Monday): The inauguration of the first line of the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e2356273-f17c-4a5b-a987-663aab9a2e29\">high-speed rail<\/a>.<\/p>\n<p>9 November (Wednesday): Finance Ministry to host \u201c<a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid029A7ytdAhcMYQsLo8xQ6Ne5FuvWWDty9yYj66v4LMifKZ611tqzps8jkcw4P7fLMhl\">Finance Day<\/a>\u201d at COP27.<\/p>\n<p>11-12 November (Friday-Saturday): <a href=\"https:\/\/www.greeninitiatives.gov.sa\/about-sgi\/\">Saudi Green Initiative<\/a>, Sharm El Sheikh.<\/p>\n<p>7-13 November (Monday-Sunday): The International University Sports Federation (FISU) <a href=\"https:\/\/www.worldsquash.org\/2022-fisu-world-university-championship-squash-to-take-place-in-egypt\/\">World University<\/a> Squash Championships, New Giza.<\/p>\n<p>13 November (Sunday): Senate back in session.<\/p>\n<p>15-16 November (Tuesday-Wednesday): <a href=\"https:\/\/www.g20.org\/bali-summit\/\">G20 summit<\/a>, Bali, Indonesia.<\/p>\n<p>20 November (Sunday): House back in session.<\/p>\n<p>21 November-18 December (Monday-Sunday): 2022 Fifa World Cup, Qatar.<\/p>\n<p>22 November- 23 November (Tuesday-Wednesday): <a href=\"http:\/\/thefingerprintsummit.org\/#\/speakersnew\">The Fingerprint Summit<\/a> will be held at the Nile Ritz Carlton Hotel.<\/p>\n<p>27 - 28 November (Thursday-Friday): The first edition of the <a href=\"https:\/\/twitter.com\/Extranewstv\/status\/1579478836366176256\">Egypt Media Forum<\/a>.<\/p>\n<p>27-30 November (Sunday-Wednesday): <a href=\"https:\/\/cairoict.com\/\">Cairo ICT<\/a>, Egypt International Exhibition Center, New Cairo.<\/p>\n<p><strong>DECEMBER<\/strong><\/p>\n<p>1 December (Thursday): Sphinx International Airport <a href=\"https:\/\/bit.ly\/3UdDqDB\">will begin operating<\/a> international flights.<\/p>\n<p>3 December (Saturday): Dior Men\u2019s pre-fall collection show in Giza.<\/p>\n<p>10-12 December (Saturday-Monday): The 2nd edition of the <a href=\"https:\/\/www.facebook.com\/NebuGoldExpo\/\">Nebu Expo for Gold and Jewelry<\/a>kicks off.<\/p>\n<p>13-14 December (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/p>\n<p>13-15 December (Tuesday-Thursday): US-Africa Leaders Summit.<\/p>\n<p>15 December (Thursday): European Central Bank monetary policy meeting.<\/p>\n<p>22 December (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p>December: The Sixth of October dry port <a href=\"https:\/\/bit.ly\/3u3uB4u\">will begin operations<\/a>.<\/p>\n<p>December: Egyptian Automotive Summit.<\/p>\n<p>December: Egypt to <a href=\"https:\/\/bit.ly\/3bVoWYy\">expand Sudan electricity link capacity<\/a> to 300 MW.<\/p>\n<p><strong>JANUARY 2023<\/strong><\/p>\n<p>January: EGX-listed companies and non-bank lenders will submit ESG reports for the first time.<\/p>\n<p>January: Fuel pricing committee meets to decide quarterly fuel prices.<\/p>\n<p>1 January (Sunday): Use of Nafeza <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/381373340699759\">becomes compulsory<\/a> for air freight.<\/p>\n<p>1 January (Sunday): Residential electricity bills are set to rise as per the government\u2019s <a href=\"https:\/\/ent.news\/2020\/6\/%D8%A7%D9%84%D9%85%D8%A4%D8%AA%D9%85%D8%B1-%D8%A7%D9%84%D8%B5%D8%AD%D9%81%D9%89-%D9%84%D8%A3%D8%B3%D8%B9%D8%A7%D8%B1-%D8%A7%D9%84%D9%83%D9%87%D8%B1%D8%A8%D8%A7%D8%A1-%D9%84%D9%84%D8%AE%D9%85%D8%B3-%D8%B3%D9%86%D9%88%D8%A7%D8%AA-%D8%A7%D9%84%D9%82%D8%A7%D8%AF%D9%85%D8%A9-9-6-2020-1.pdf\">six-year roadmap (pdf)<\/a> to restructure electricity prices by 2025.<\/p>\n<p>7 January (Saturday): Coptic Christmas.<\/p>\n<p>24 January-6 February: The 54th Cairo International Book Fair, Egypt International Exhibition Center<\/p>\n<p>25 January (Wednesday): 25 January revolution anniversary \/ Police Day.<\/p>\n<p>26 January (Thursday): National holiday in observance of 25 January revolution anniversary \/ Police Day.<\/p>\n<p>30 January-1 February (Monday-Wednesday): CI Capital\u2019s Annual MENA Investor Conference 2023, Cairo, Egypt.<\/p>\n<p><strong>FEBRUARY 2023<\/strong><\/p>\n<p>11 February (Saturday): Second semester of 2022-2023 academic year begins for public universities.<\/p>\n<p>13-15 February (Monday-Wednesday): The <a href=\"https:\/\/www.egyps.com\/\">Egypt Petroleum Show (Egyps)<\/a>, Egypt International Exhibition Center, Cairo.<\/p>\n<p>23-27 February (Thursday-Monday): Annual Business Women of Egypt\u2019s Women for Success conference.<\/p>\n<p><strong>MARCH 2023<\/strong><\/p>\n<p>March: 4Q2022 earnings season.<\/p>\n<p>23 March (Wednesday): First day of Ramadan (TBC). Maghreb will be at 6:08pm CLT.<\/p>\n<p><strong>APRIL 2023<\/strong><\/p>\n<p>17 April (Monday): Sham El Nessim.<\/p>\n<p>22 April (Saturday): Eid El Fitr (TBC).<\/p>\n<p>25 April (Tuesday): Sinai Liberation Day.<\/p>\n<p>27 April (Thursday): National holiday in observance of Sinai Liberation Day (TBC).<\/p>\n<p>Late April \u2013 15 May: 1Q2023 earnings season.<\/p>\n<p><strong>MAY 2023<\/strong><\/p>\n<p>1 May (Monday): Labor Day.<\/p>\n<p>4 May (Thursday) National holiday in observance of Labor Day (TBC).<\/p>\n<p>22-26 May (Monday-Friday): Egypt <a href=\"https:\/\/www.afdb.org\/en\/news-and-events\/press-releases\/african-development-bank-group-concludes-annual-meetings-governors-endorse-banks-vision-next-10-years-51974#:~:text=The%20new%20Board%20of%20Governors,from%2022%2D26%20May%202023.\">will host<\/a> the African Development Bank (AfDB) annual meetings in Sharm El Sheikh.<\/p>\n<p><strong>JUNE 2023<\/strong><\/p>\n<p>19-21 June (Monday-Wednesday) Egypt Infrastructure and Water Expo <a href=\"https:\/\/ent.news\/2022\/9\/Announcement__EGYPT_INFRASTRUCTURE_AND_WATER_EXPO_LAUNCHES_JUNE_2023.pdf\">debuts<\/a> at the Egypt International Exhibition Center.<\/p>\n<p>28 June-2 July (Wednesday-Sunday): Eid El Adha (TBC).<\/p>\n<p>30 June (Friday): June 30 Revolution Day.<\/p>\n<p><strong>JULY 2023<\/strong><\/p>\n<p>18 July (Tuesday): Islamic New Year.<\/p>\n<p>20 July (Thursday): National holiday in observance of Islamic New Year (TBC).<\/p>\n<p>23 July (Sunday): Revolution Day.<\/p>\n<p>27 July (Thursday): National holiday in observance of Revolution Day.<\/p>\n<p>Late July-14 August: 2Q2023 earnings season.<\/p>\n<p><strong>SEPTEMBER 2023<\/strong><\/p>\n<p>26 September (Tuesday): Prophet Muhammad\u2019s birthday (TBC).<\/p>\n<p>28 September (Thursday): National holiday in observance of Prophet Muhammad\u2019s birthday (TBC).<\/p>\n<p><strong>OCTOBER 2023<\/strong><\/p>\n<p>6 October (Friday): Armed Forces Day.<\/p>\n<p>Late October-14 November: 3Q2023 earnings season.<\/p>\n<p><strong>EVENTS WITH NO SET DATE <\/strong><\/p>\n<p>2H 2022: The inauguration of the Grand Egyptian Museum.<\/p>\n<p>2H 2022: <a href=\"https:\/\/www.ief.org\/news\/egypt-to-host-8th-ief-igu-ministerial-gas-forum-in-2022\">IEF-IGU Ministerial Gas Forum<\/a>, Egypt. Date + location TBA.<\/p>\n<p>2H 2022: The government will have vaccinated 70% of the population.<\/p>\n<p>3Q 2022: Ayady\u2019s consumer financing arm, The Egyptian Company for Consumer Finance Services, to release its first financing product.<\/p>\n<p>3Q 2022: Swvl to close <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/53e17b15-78b9-421a-81f5-9d3d5ee0227d\">acquisition of<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/53e17b15-78b9-421a-81f5-9d3d5ee0227d\">Urbvan<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/53e17b15-78b9-421a-81f5-9d3d5ee0227d\">Mobility<\/a>.<\/p>\n<p>4Q 2022: Infinity + Africa Finance Corporation to close acquisition of Lekela Power.<\/p>\n<p>End of November: SFE\u2019s pre-IPO fund <a href=\"https:\/\/twitter.com\/AsharqBusiness\/status\/1586689461504589827\">to kick off<\/a>roadshow.<\/p>\n<p>4Q 2022: Electricity Ministry to tender six solar projects in Aswan Governorate.<\/p>\n<p>4Q2022: Raya Holding subsidiary Aman and Qalaa Holdings\u2019 Taqa Arabia to launch their fintech company.<\/p>\n<p>4Q 2022: Saudi Jamjoom Pharma to <a href=\"https:\/\/bit.ly\/3R7SGzP\">inaugurate its EGP 1 bn pharma factory<\/a> in El Obour.<\/p>\n<p>End of 2022: Decent Life first phase scheduled for completion.<\/p>\n<p>End of 2022: e-Aswaaq\u2019s tourism platform will complete the roll out of its ticketing and online booking portal across Egypt.<\/p>\n<p>2023: Egypt <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/380561820780911\">will host<\/a> the Asian Infrastructure Investment Bank\u2019s Annual Meeting of the Board of Governors in 2023.<\/p>\n<p>1Q 2023: Adnoc Distribution\u2019s acquisition of 50% of TotalEnergies Egypt to close.<\/p>\n<p>1Q2023: Internal trade database to <a href=\"https:\/\/hapijournal.com\/?p=212185\">launch<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":576941,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-576940","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"82956d84-e5d0-4270-916c-b6fe337596b5","teaser":"","photo_url":"https:\/\/ent.news\/2022\/11\/64.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>Is the state readying logistics companies for EGX debuts in 2023? 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