{"id":577595,"date":"2022-11-29T03:54:47","date_gmt":"2022-11-29T03:54:47","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=577595"},"modified":"2025-12-16T11:20:41","modified_gmt":"2025-12-16T11:20:41","slug":"its-a-macro-heavy-kind-of-morning","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/its-a-macro-heavy-kind-of-morning\/","title":{"rendered":"It\u2019s a macro-heavy kind of morning"},"content":{"rendered":"<section id=\"577597\" 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=\"577597\">\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\/29\/this-morning-one-week-to-go-until-the-enterprise-climate-x-forum-more-friendly-winks-from-turkey\/\">\r\n                            THIS MORNING: One week to go until the Enterprise Climate X Forum + More friendly winks from Turkey                        <\/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\/29\/this-morning-one-week-to-go-until-the-enterprise-climate-x-forum-more-friendly-winks-from-turkey\/\" 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\/29\/this-morning-one-week-to-go-until-the-enterprise-climate-x-forum-more-friendly-winks-from-turkey\/')\">\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\/29\/this-morning-one-week-to-go-until-the-enterprise-climate-x-forum-more-friendly-winks-from-turkey\/\">\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=THIS MORNING: One week to go until the Enterprise Climate X Forum + More friendly winks from Turkey&url=https:\/\/enterpriseam.com\/egypt\/2022\/11\/29\/this-morning-one-week-to-go-until-the-enterprise-climate-x-forum-more-friendly-winks-from-turkey\/\">\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\/29\/this-morning-one-week-to-go-until-the-enterprise-climate-x-forum-more-friendly-winks-from-turkey\/&title=THIS MORNING: One week to go until the Enterprise Climate X Forum + More friendly winks from Turkey\">\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=THIS+MORNING%3A+One+week+to+go+until+the+Enterprise+Climate+X+Forum+%2B+More+friendly+winks+from+Turkey+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F11%2F29%2Fthis-morning-one-week-to-go-until-the-enterprise-climate-x-forum-more-friendly-winks-from-turkey%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\/29\/this-morning-one-week-to-go-until-the-enterprise-climate-x-forum-more-friendly-winks-from-turkey\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/468.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"577598\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/29\/this-morning-one-week-to-go-until-the-enterprise-climate-x-forum-more-friendly-winks-from-turkey\/468-jpg-17\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/468.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"468.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/468.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/468.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-577597\" class=\"content-area-description single-story post-577597 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-enterpriseam tag-foreign-exchange tag-growth-projections tag-legislation tag-nwfe tag-oil-and-gas tag-russia tag-turkey tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_27645\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\">\n<p class=\"f-graphik\" style=\"font-size:14px\">Together with<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27482.svg\" alt=\"\" class=\"wp-image-27482\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><strong>Good morning, wonderful people, and happy hump day. <\/strong>One week from today \u2014 right about now \u2014 a bunch of us will be heading toward the Grand Egyptian Museum to get ready to meet many of you at the Enterprise Climate X Forum. It\u2019s our first-ever large-scale event, with more than 200 C-suite execs, bankers, investors, DFI folks and more set to join us to talk through what we think is the world\u2019s largest and most exciting industry.<\/p><p>More on that below\u2026<\/p><p><strong>MEANWHILE: It\u2019s another macro-heavy kind of day here at home. <\/strong>Topping headlines: The central bank is reportedly looking at ways to shore up our FX liquidity. That can\u2019t come too soon for the auto industry, which saw sales fall once again in October on the back of import jams. The one ray of sunshine: The economy grew 4.4% in the first quarter of the state\u2019s current fiscal year. That has prompted the Planning Ministry to revise its full-year forecast to 5.0% (down by 0.5 percentage points), but still a ray of sunshine compared to what many emerging markets are facing right now.<\/p><p><a id=\"tldr-story-07\" class=\"content-anchor\"><\/a> <strong>WATCH THIS SPACE- Turkey could appoint an ambassador to Egypt within <\/strong><strong>months<\/strong>, Turkish Foreign Minister Mevlut Cavusoglu told reporters in statements picked up by Reuters. Cavusoglu\u2019s statements came one day after Turkish President Recep Tayyip Erdogan <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8fc9b8cb-8b20-48de-9875-dc7aac78fd31\">hinted at the possibility<\/a> of meeting with President Abdel Fattah El Sisi <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f19d96c3-4e7a-429d-a48c-1fdf11b4478a\">again<\/a> as Cairo and Ankara work on restoring ties after nearly a decade of hostility. El Sisi and Erdogan\u2019s first, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8fc9b8cb-8b20-48de-9875-dc7aac78fd31\">informal meeting<\/a> on the sidelines of the World Cup in Qatar last week triggered a \u201cflurry\u201d of negotiations over the weekend between Egyptian and Turkish intelligence officials, Reuters reports, as the two countries appear to accelerate <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/059e3fcb-aca2-41ec-acfd-a075dba93963\">moves to mend<\/a> a decade-long rift.<\/p><p><strong>HAPPENING TODAY- <\/strong><\/p><p><strong>Is today the day the Senate <\/strong><strong>signs off<\/strong><strong> on the wildcat building bill?<\/strong> Senate Speaker Abdel Wahab Abdel Razek postponed for a second day the Senate\u2019s final vote on <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3045baa9-e5b2-4a13-a2f2-e1bdab5bc4c6\">legislation<\/a> aimed at making it easier for owners of illegal buildings to go legit. The bill should now pass in a special session being held today.<\/p><p><strong>The House Manpower Committee will continue hearings on the new draft Labor Act <\/strong>for a second day today, with representatives from the Federation of Egyptian Industries (FEI) and the Egyptian Trade Union Federation expected to attend. The <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ae083a4f-781c-443d-ad37-ab705d0103ee\">bill<\/a>, which was approved by the Senate in <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ca0eee4d-fde9-42b2-b59e-d153ab58a28e\">February<\/a>, extends both maternity leave and notice periods, caps working hours, and changes minimum raise increments, among other things. We have <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ae083a4f-781c-443d-ad37-ab705d0103ee\">more on the bill\u2019s finer points here<\/a>.<\/p><p><strong>NO LONGER HAPPENING TODAY-<\/strong><\/p><p><strong>Russia has postponed weeklong nuclear talks with the US that were set to kick off <\/strong><strong>in Cairo today<\/strong>, <a href=\"https:\/\/www.reuters.com\/world\/russia-unilaterally-postpones-nuclear-arms-meeting-with-us-kommersant-2022-11-28\/\">Reuters<\/a> reports, citing a statement by the US State Department. \u201cThe Russian side informed the United States that Russia has unilaterally postponed the meeting and stated that it would propose new dates,\u201d the US said. The Russian Foreign Ministry confirmed to Reuters the postponement of the talks, which had aimed to discuss resuming mutual nuclear inspections between Washington and Moscow.<\/p><p><strong>WORLD CUP UPDATE-<\/strong><\/p><p><strong>It\u2019s day 10 of the World Cup: <\/strong>Teams in Group A and B face off today (all times CLT):<\/p><ul>\n<li>Ecuador v Senegal (5pm)<\/li>\n<li>Netherlands v Qatar (5pm)<\/li>\n<li>Iran v USA (9pm)<\/li>\n<li>Wales v England (9pm)<\/li>\n<\/ul><p><strong>There were lots of goals yesterday: <\/strong><\/p><ul>\n<li><strong>Cameroon<\/strong> made a thrilling comeback against <strong>Serbia<\/strong> to tie 3-3.<\/li>\n<li><strong>Ghana v South Korea<\/strong> was another nail-biter, with the African side netting a final goal for a 3-2 victory, after South Korea scored twice within three minutes in the second half to level the game.<\/li>\n<li><strong>Brazil<\/strong> secured its spot in the knockout stage, beating <strong>Switzerland<\/strong> 1-0 after Casemiro fired a stunning 83rd minute goal.<\/li>\n<li><strong>Portugal<\/strong> was the third team to reach the knockout stage after France and Brazil, defeating <strong>Uruguay<\/strong> 2-0. That game was interrupted when a protester carrying a rainbow flag and wearing a shirt that read \"Respect For Iranian Women\" ran onto the pitch, <a href=\"https:\/\/www.reuters.com\/lifestyle\/sports\/protester-runs-onto-pitch-during-portugal-v-uruguay-2022-11-28\/\">Reuters<\/a> reports.<\/li>\n<\/ul><p><strong>MORNING MUST READ- <\/strong><\/p><p><strong>We\u2019re on our way to a greener aviation industry: <\/strong>Rolls Royce and easyJet successfully used green hydrogen instead of traditional jet fuel to power an aircraft engine, the carmaker said in a <a href=\"https:\/\/www.rolls-royce.com\/media\/press-releases\/2022\/28-11-2022-rr-and-easyjet-set-new-aviation-world-first-with-successful-hydrogen-engine-run.aspx\">statement<\/a>. Traditional jet fuel <a href=\"https:\/\/www.eesi.org\/papers\/view\/fact-sheet-the-growth-in-greenhouse-gas-emissions-from-commercial-aviation#:~:text=Carbon%20Dioxide%20(CO2),-CO2%20is%20the&amp;text=Jet%20fuel%20consumption%20produces%20CO2,potent%20as%20a%20greenhouse%20gas.\">emits 3.16 kg of carbon<\/a> per kg of fuel consumed, but the statement does not provide figures for the emissions from using green hydrogen. The companies are planning on carrying out further tests to prove that hydrogen is a safe alternative to jet fuel.<\/p><p><strong>THE HOMETOWN ANGLE-<\/strong> Egypt is working to position itself as a regional hub for green hydrogen, having <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0f2251cd-82db-4ba9-9ef9-b1287b0bef1f\">signed framework agreements<\/a> for nine green hydrogen and ammonia facilities in the Suez Canal Economic Zone worth a combined USD 83 bn during COP27.<\/p><p><strong>SOUND SMART- <\/strong><a href=\"https:\/\/www.csis.org\/analysis\/hydrogen-key-decarbonizing-global-shipping-industry\">Pundits<\/a> believe that <strong>shipping could be one of the first hard-to-decarbonize industries that <\/strong><strong><a href=\"https:\/\/climatechampions.unfccc.int\/green-hydrogen-and-green-shipping\/\">could really adopt hydrogen<\/a><\/strong>, providing a unique in for the SCZone and Egyptian producers.<\/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>DATA POINT- Our LNG exports are expected to rise 14% y-o-y by the end of the <\/strong><strong>year to 8 mn tons<\/strong>, 90% of which has been directed to Europe to meet growing demand as Egypt looks to replace Russian supply, Oil Minister Tarek El Molla said, according to the <a href=\"https:\/\/sis.gov.eg\/Story\/173005\/Egypt-ready-to-meet-part-of-Europe-demand-for-natural-gas,-says-minister\/?lang=en-us\">State Information Service<\/a>. The <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/144e60dc-4f26-49d0-bffe-036d93c2b319\">government is aiming<\/a> to export USD 1 bn-worth of LNG per month by January as it looks to capitalize on the European energy crunch and position the country as a regional energy powerhouse.<\/p><p><strong>DATA POINT #2- The government secured some USD 10.3 bn worth of <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e40eaa44-2bb4-49a3-9336-af3df3a4d395\">climate funding agreements<\/a><\/strong> <strong>for its flagship 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 at COP27,<\/strong> International Cooperation Minister Rania Al Mashat told President Abdel Fattah El Sisi yesterday, according to an Ittihadiya <a href=\"http:\/\/bit.ly\/3OMRRx4\">statement<\/a>. Al Mashat had previously <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/36ebb942-7c81-44fa-84b3-8ccff63bea5c\">estimated the sum<\/a> at around USD 10 bn. The NWFE program seeks to implement some USD 15 bn worth of projects to turbocharge the country\u2019s green transition, including an energy project worth USD 10 bn and eight food security, agriculture, and irrigation and water projects.<\/p><p><strong>MARKET WATCH-<\/strong><\/p><p><strong>More on how the week ahead could mark a turning point for oil markets:<\/strong> The world is gearing up for a planned price cap on Russian crude and a defining OPEC+ meeting next Monday, but the jury\u2019s out on how these fundamental shifts in the way the market operates will impact global oil prices and supply, the <a href=\"https:\/\/www.ft.com\/content\/3c15dd27-9b7a-4905-aaa6-f6009b1aec50\">Financial Times<\/a> writes in its Big Read. As uncertainty abounds on whether or not the EU will move to completely ban imports of Russian crude, analysts speculate that markets will be in for significant supply tightening come spring, once it becomes clear that Europe is serious about an embargo on Russian oil.<\/p><p><strong>How Russia will react to Western sanctions is also uncertain thus far<\/strong>, with some expecting it to stop at nothing to fight back against Western countries supporting a price cap or embargo. Nevertheless, analysts at Bernstein expect supply to fall and prices to hit USD 120 a barrel next year, even amid a recession. Oil trader Vitol sees Russian exports dropping by as much as 1 mn barrels a day. \u201cWe don\u2019t know how this market is going to function after a certain date. The adjustment will be dramatic\u2026 it\u2019s going to be confrontational and it's going to be volatile,\u201d says one oil analyst at S&amp;P Global Commodity Insights.<\/p><hr class=\"grey-line\"><p><strong>** CORRECTIONS-<\/strong> In a story last week, we concluded that the Madbouly cabinet was not rushing to restart the state privatization program. In point of fact, the statement from Cabinet Spokesperson Nader Saad at the time had said only that ministers were closely monitoring economic and market conditions globally and locally. The statement did not mention a delay in the program. The story has since been corrected on our <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/44b5170e-4c27-4073-a613-659765a80dc7\">website<\/a> and we extend our apologies to Amb. Saad.<\/p><p>In yesterday's issue we inaccurately quoted a statement from the cabinet on Prime Minister Moustafa Madbouly's meeting with CBE Governor Hassan Abdullah earlier this week, where the two discussed facilitating FX for imports of strategic and critical goods. They did not suggest that there had been a slowdown in the pace of clearing imports from customs. We have corrected the story on our <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f672467e-6883-4598-b682-514b16c303de\">website<\/a>.<\/p><hr class=\"grey-line\"><p><strong>THE BIG STORY ABROAD- <\/strong><\/p><p><strong>The international press is still keeping a close eye on China<\/strong> after demonstrations broke out across the country against the country\u2019s strict covid restrictions over the weekend. China analysts are telling <a href=\"https:\/\/www.reuters.com\/world\/china\/china-protests-highlight-xis-covid-policy-dilemma-walk-it-back-or-not-2022-11-28\/\">Reuters<\/a> and the <a href=\"https:\/\/apnews.com\/article\/health-china-arrests-beijing-xi-jinping-1596604782d165d268d1dbc137034749?utm_source=homepage&amp;utm_medium=TopNews&amp;utm_campaign=position_01\">AP<\/a> how they expect President Xi Jinping could respond to the unprecedented civil disobedience. The <a href=\"https:\/\/www.ft.com\/content\/ce71fa91-7419-4ddf-be89-ba56faf58123\">Financial Times<\/a> focuses on the impact of the protests on global financial markets (global equities and crude prices dropped, while the USD got yet another boost.)<\/p><p><strong>Meanwhile, Apple\u2019s shares closed down 1.4% yesterday <\/strong>as ongoing unrest at the world\u2019s biggest iPhone factory in China fuels supply worries, <a href=\"https:\/\/www.reuters.com\/technology\/apple-shares-slip-china-factory-unrest-may-further-hit-iphone-shipments-2022-11-28\/\">Reuters<\/a> reports.<\/p><div class=\"stand-out\">\n<p class=\"web-image\"><a href=\"https:\/\/climatexforum.enterprise.press\/index.html#agenda\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/Mohamed-Mansour-Climate-X-quote-En-1600x.png?ssl=1\" alt=\"enterprise\"><\/a><\/p>\n<p><a id=\"tldr-story-04\" class=\"content-anchor\"><\/a> <strong>Mohamed Mansour, co-founder and CEO of Infinity is joining us for the <\/strong><strong><a href=\"https:\/\/climatexforum.enterprise.press\/index.html\">Enterprise Climate X Forum<\/a><\/strong><strong>, taking place at the Grand Egyptian Museum. Are you?<\/strong> We\u2019re proud to announce that our friend Mohamed Mansour is going to be speaking at the forum on why he thinks climate is the biggest business and investment opportunity of our generation. He is joined on stage for that discussion by <strong>Amr Allam<\/strong>, co-CEO of Hassan Allam Holding (Amr and Mohamed are working on a ton of projects together) and <strong>Sherif El Kholy<\/strong>, partner and head of MENA at Actis (a longtime investor in climate themes).<\/p>\n<p><strong>They\u2019re not the only ones:<\/strong> Among the top execs, bankers, and development finance folks speaking at the conference are: <strong>Todd Wilcox<\/strong>, CEO and deputy chairman of HSBC Egypt; <strong>Tarek El Nahas<\/strong>, group head of international banking, Mashreq; <strong>Khaled Hamza,<\/strong> director and head of Egypt at European Bank for Reconstruction and Development (EBRD); <strong>Simon Kitchen<\/strong>, head of strategy at EFG Hermes Research; <strong>Nader Abushadi<\/strong>, group treasurer at Dar Group; <strong>Karim Hussein<\/strong>, managing partner at Algebra Ventures; <strong>Aly El Tayeb<\/strong>, CEO and co-founder of ShiftEV; <strong>Jorgo Chatzimarkakis,<\/strong> CEO of Hydrogen Europe; and <strong>Leslie Reed<\/strong>, Mission director for Egypt, USAID.<\/p>\n<p><strong>Topics and live interviews will include:<\/strong><\/p>\n<ul>\n<li>What is green hydrogen, why is it important, and what signs will tell us that USD 85 bn in framework agreements are real?<\/li>\n<li>How CEOs across global emerging markets are dealing with climate change.<\/li>\n<li>What\u2019s the difference between sustainability-linked and climate finance? How much do CEOs need to know about their supply chain?<\/li>\n<li>Meet the startup and VC in line to be Egypt\u2019s first climate bn\u2019aires.<\/li>\n<\/ul>\n<p><strong>For the full agenda<\/strong> please click <a href=\"https:\/\/climatexforum.enterprise.press\/index.html#agenda\">here<\/a>.<\/p>\n<p><strong>** Have you confirmed your attendance? <\/strong>We\u2019ll be sending you on Sunday, 4 December the QR code you\u2019ll need to gain admission to the Grand Egyptian Museum, along with a Google Maps link and some other pointers.<\/p>\n<\/div><p><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p><p><strong>Payment and fintech conference Pafix is being held as part of <\/strong><strong><a href=\"https:\/\/cairoict.com\/\">Cairo ICT 2022<\/a><\/strong><strong> through <\/strong><strong>Wednesday<\/strong> at the Egypt International Exhibition Centre in New Cairo. The conference kicked off yesterday.<\/p><p><strong>EGX-listed Pachin will brief shareholders on acquisition offers it has received in <\/strong><strong>its ordinary general assembly on Tuesday, 20 December, <\/strong>according to an EGX <a href=\"https:\/\/ent.news\/2022\/11\/Pachin-general-assembly.pdf\">disclosure (pdf)<\/a>. Dubai-based National Paints Holdings is offering to purchase 100% of Pachin for EGP 29 per share \u2014 far outbidding earlier offers from <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/aa4253d1-4e21-484b-8dd5-c291322ebfa7\">Universal Building Materials and Chemicals (Sipes)<\/a> and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/282c2d10-3962-4fe7-9d62-eb7036227f7b\">Saybad Industrial Investment<\/a> that have since been withdrawn.<\/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 class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/INFINITY-Top-banner-EN-1600x675-v2-02.png?ssl=1\" alt=\"enterprise\"><\/p><p><strong>*** It\u2019s Going Green day \u2014 your weekly briefing of all things green in Egypt:<\/strong> Enterprise\u2019s green economy vertical focuses each Tuesday on the business of renewable energy and sustainable practices in Egypt, everything from solar and wind energy through to water, waste management, sustainable building practices and how you can make your business greener, whatever the sector.<\/p><p><strong>In today\u2019s issue: <\/strong>We ask if pioneering coral farming techniques could help repair damage to our Red Sea reefs, which are vital for biodiversity and tourism.<\/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\/foreign-exchange\/\">foreign exchange<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/growth-projections\/\">growth projections<\/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\/nwfe\/\">NWFE<\/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\/russia\/\">Russia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/turkey\/\">Turkey<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <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=\"577599\" 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=\"577599\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/29\/577599\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-577599\" class=\"content-area-description single-story post-577599 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:\/\/somabay.com\/'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/Somabay-Stayr-1600px.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\n<p>Enjoy renting with home comfort, privacy, exclusive privileges, and tailor-made packages for an unforgettable guest experience. A signature collection of handpicked serviced villas, chalets, apartments, and studios to transform your vacation into an exceptional experience, and to discover the magic of Somabay in luxury bliss. For booking inquiries, contact us by phone at +20155 600 5693, by email at <a href=\"mailto:info@stayr.somabay.com\">info@stayr.somabay.com<\/a>, or through our website <a href=\"http:\/\/holidays.somabay.com\/stayr\/\">holidays.somabay.com<\/a><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"577600\" 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=\"577600\">\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\">CEO POLL<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/29\/somabays-ibrahim-el-messiri-on-how-a-tourism-push-could-draw-immediate-fx\/\">\r\n                            Somabay\u2019s Ibrahim El Messiri on how a tourism push could draw immediate FX                        <\/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\/29\/somabays-ibrahim-el-messiri-on-how-a-tourism-push-could-draw-immediate-fx\/\" 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\/29\/somabays-ibrahim-el-messiri-on-how-a-tourism-push-could-draw-immediate-fx\/')\">\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\/29\/somabays-ibrahim-el-messiri-on-how-a-tourism-push-could-draw-immediate-fx\/\">\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=Somabay\u2019s Ibrahim El Messiri on how a tourism push could draw immediate FX&url=https:\/\/enterpriseam.com\/egypt\/2022\/11\/29\/somabays-ibrahim-el-messiri-on-how-a-tourism-push-could-draw-immediate-fx\/\">\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\/29\/somabays-ibrahim-el-messiri-on-how-a-tourism-push-could-draw-immediate-fx\/&title=Somabay\u2019s Ibrahim El Messiri on how a tourism push could draw immediate FX\">\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=Somabay%E2%80%99s+Ibrahim+El+Messiri+on+how+a+tourism+push+could+draw+immediate+FX+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F11%2F29%2Fsomabays-ibrahim-el-messiri-on-how-a-tourism-push-could-draw-immediate-fx%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\/29\/somabays-ibrahim-el-messiri-on-how-a-tourism-push-could-draw-immediate-fx\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/469.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"577601\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/29\/somabays-ibrahim-el-messiri-on-how-a-tourism-push-could-draw-immediate-fx\/469-jpg-11\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/469.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"469.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/469.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/469.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-577600\" class=\"content-area-description single-story post-577600 post type-post status-publish format-standard has-post-thumbnail hentry category-ceo-poll tag-aviation tag-ceo-poll tag-enterprise-poll tag-enterpriseam tag-fdi tag-somabay tag-tourism 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>We recently had breakfast with 20 top CEOs to talk about why exports and FDI are key to <\/strong><strong>our economy going forward. <\/strong>After reading our <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/edition\/am\/feeda831-c0fd-43df-b197-08ddb74254e7\">five-step recipe for turning Egypt into a global export hub and FDI magnet<\/a>, participating CEOs agreed to answer two questions on the record for our latest CEO Poll.<\/p>\n<p><strong>We have already heard from:<\/strong><\/p>\n<ul>\n<li><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3fcde18b-95f6-4782-9083-0840d9fda8db\">GSK\u2019s Mohamed El Dababy<\/a><\/strong>, who says the starting point is tourism;<\/li>\n<li><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0f93541d-abee-4a1a-b87e-2b6f88349f10\">McKinsey\u2019s Jalil Bensouda<\/a><\/strong>, who points to business process outsourcing and customer relationship management.<\/li>\n<\/ul>\n<p><strong>Today, we hear from Ibrahim El Missiri <\/strong><strong>(<\/strong><strong><a href=\"https:\/\/www.linkedin.com\/in\/ibrahim-el-missiri-9b68931\/?originalSubdomain=eg\">LinkedIn<\/a><\/strong><strong>)<\/strong><strong>, CEO of Somabay<\/strong>, the high-profile Red Sea coast destination whose hotels, short-term rentals, and homes attract visitors and investors from all over the world. Ibrahim has previously been a guest on our podcast (<a href=\"https:\/\/podcasts.apple.com\/eg\/podcast\/spotlight-how-to-make-somabay-a-first-home\/id1617987136?i=1000567064043\">The Enterprise Show<\/a>) and has appeared in our <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d8951ba1-5989-4be2-b601-733ce0c6744e\">My Morning Routine<\/a> column. Excerpts from our discussion:<\/p>\n<p><strong>ENTERPRISE- Which industry would you put on a focused short list \u2014 and why?<\/strong><\/p>\n<p><strong>IM- <\/strong>I would love for tourism and aviation to be the focus for Egypt, as it was in the past. They\u2019re the two industries that can bring foreign currency into the country tomorrow \u2014 it\u2019s like flicking a light switch. You don't need to build factories or develop farms. You\u2019ve got a significant inventory of hotel rooms that need to be filled. And the demand is there \u2014 it\u2019s just a matter of connecting the demand and the supply. We don't have feasibility study requirements, because the hotels have been built and the customers are there.<\/p>\n<p><strong>Tourism can bring in USD 30-40 bn a year \u2014 it\u2019s a quick, immediate fix.<\/strong> Look at what happened with COP27: There was appetite. Sharm had capacity. So just by increasing the number of flights, you managed to get c. 75k people to the destination. The problem is that we had to slow the pipeline to other destinations, because we just don\u2019t have enough flights.<\/p>\n<p>You can\u2019t really come to Egypt by car, train or ship \u2014 Egypt's problem is the lift. It\u2019s easier to get to the Maldives or Seychelles in the Indian Ocean than it is to come to Egypt. It's not even an infrastructure problem: The airports are there and they have the capacity. You just don't have the \u201cflying buses\u201d to carry people. <strong>Solve this problem, and Egypt will be flush with FX<\/strong>, in my view.<\/p>\n<p><strong>Now imagine if we focus on increasing the spend per guest. <\/strong>The USD you get per tourist or per landing is not low because tourists don't want to spend. They don\u2019t spend because we need to improve our offering. Our airports need improvement. Our airport shopping experience, our transport experience, all of it \u2014 it pales in comparison to Heathrow or Dubai. Anywhere else, tourists spend USD 100-200 before they even get to the hotel. Not here \u2014 even though we have the products, from traditional clothing to replica artifacts.<\/p>\n<p><strong>E: Why are exports and FDI the way forward?<\/strong><\/p>\n<p><strong>IM- <\/strong>For the past 100 years or more, we have been getting FX from the same three sources: tourism, the Suez Canal, and remittances. In other words, Egyptians living in Egypt don\u2019t really make a contribution when it comes to bringing in FX. We consume everything we produce. So we need to start producing to export. We need to empower businesses to export, and that demands legislative and regulatory stability.<\/p>\n<p>Laws change too frequently, which is a problem for investors \u2014 it makes it difficult to put a business plan together with certainty about how much it's going to cost.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/aviation\/\">aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ceo-poll\/\">CEO POLL<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-poll\/\">Enterprise Poll<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fdi\/\">FDI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/somabay\/\">somabay<\/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=\"577602\" 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=\"577602\">\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\">Economy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/29\/plenty-of-options-on-the-table\/\">\r\n                            Plenty of options on the table                        <\/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\/29\/plenty-of-options-on-the-table\/\" 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\/29\/plenty-of-options-on-the-table\/')\">\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\/29\/plenty-of-options-on-the-table\/\">\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=Plenty of options on the table&url=https:\/\/enterpriseam.com\/egypt\/2022\/11\/29\/plenty-of-options-on-the-table\/\">\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\/29\/plenty-of-options-on-the-table\/&title=Plenty of options on the table\">\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=Plenty+of+options+on+the+table+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F11%2F29%2Fplenty-of-options-on-the-table%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\/29\/plenty-of-options-on-the-table\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/470.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"577603\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/29\/plenty-of-options-on-the-table\/470-jpg-12\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/470.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"470.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/470.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/470.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-577602\" class=\"content-area-description single-story post-577602 post type-post status-publish format-standard has-post-thumbnail hentry category-economy tag-central-bank-of-egypt tag-economy tag-enterpriseam tag-foreign-exchange tag-hassan-abdalla 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>CBE looks at proposals to help shore up FX liquidity:<\/strong> The Central Bank of Egypt (CBE) is mulling a handful of options as part of its strategy to increase FX liquidity, after CBE Governor Hassan Abdalla met with the heads of the nation\u2019s banks on Sunday, <a href=\"https:\/\/bit.ly\/3AQf6Ar\">Bloomberg Asharq<\/a> reports, citing sources it says attended the meeting.<\/p>\n<p><strong>The options reportedly on the table include: <\/strong><\/p>\n<ul>\n<li>Offering service and funding incentives in exchange for tourism operators and hotels depositing their FX in local banks;<\/li>\n<li>Launching USD-denominated savings schemes for Egyptian expats;<\/li>\n<li>Easing banks\u2019 regulatory requirements (including <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/74b8fb21-8005-42af-ba62-603c7780f74e\">KYC regulations<\/a>) for customers making USD deposits;<\/li>\n<li>Mulling the use of USD <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8bd84d6e-9c9b-4e6b-8d32-4256de5d5cbb\">derivatives<\/a>.<\/li>\n<\/ul>\n<p><strong>This week has seen extensive discussion on how to bring in more FX:<\/strong> Abdalla\u2019s meeting with the country\u2019s banking bigwigs appears to have coincided with discussion in the Senate of a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fe567803-92ff-4fcb-885c-d4eb1f4e7b69\">report by the pro-government Mostaqbal Watan party<\/a> that aims to overhaul how we approach foreign direct investment (FDI), with the ultimate goal of ramping up our USD inflows. Abdalla also met with Prime Minister Moustafa Madbouly on Sunday, where the pair stressed that they\u2019re working to boost foreign reserves by drumming up FX, including by <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/17a8718e-d87f-4515-a0c9-05d43f958eb0\">attracting more FDI<\/a>, boosting tourism, and through the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e5cadb00-f078-4c70-8667-8d5fc50ad151\">expat car import scheme<\/a>.<\/p>\n<p><strong>ICYMI- <\/strong>Through December, we\u2019re publishing a series of conversations with top CEOs on our <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/edition\/am\/feeda831-c0fd-43df-b197-08ddb74254e7\">five-step recipe to boost FDI and exports<\/a>. Catch our discussion with Somabay\u2019s Ibrahim El Missiri in today\u2019s issue, above.<\/p>\n<p><strong>ALSO FROM THE MEETING- <\/strong><\/p>\n<p><strong>More time for banks to ramp up MSME loan portfolios:<\/strong> Banks will reportedly get a one-year grace period to comply with a previous <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d7420e90-5525-412d-b387-055a9c82e644\">CBE directive<\/a> to increase micro, small, and medium enterprises\u2019 share of their loan portfolios to 25%, up from 20% previously, <a href=\"https:\/\/bit.ly\/3ijbDEe\">Masrawy<\/a> reports, citing sources who attended the meeting. The deadline is now set for December 2023, the sources say.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/central-bank-of-egypt\/\">Central Bank of Egypt<\/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\/foreign-exchange\/\">foreign exchange<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hassan-abdalla\/\">Hassan Abdalla<\/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=\"577604\" 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=\"577604\">\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\">Economy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/29\/economy-grew-4-4-y-o-y-in-the-first-quarter-of-2022-despite-global-headwinds\/\">\r\n                            Economy grew 4.4% y-o-y in the first quarter of 2022 despite global headwinds                        <\/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\/29\/economy-grew-4-4-y-o-y-in-the-first-quarter-of-2022-despite-global-headwinds\/\" 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\/29\/economy-grew-4-4-y-o-y-in-the-first-quarter-of-2022-despite-global-headwinds\/')\">\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\/29\/economy-grew-4-4-y-o-y-in-the-first-quarter-of-2022-despite-global-headwinds\/\">\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=Economy grew 4.4% y-o-y in the first quarter of 2022 despite global headwinds&url=https:\/\/enterpriseam.com\/egypt\/2022\/11\/29\/economy-grew-4-4-y-o-y-in-the-first-quarter-of-2022-despite-global-headwinds\/\">\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\/29\/economy-grew-4-4-y-o-y-in-the-first-quarter-of-2022-despite-global-headwinds\/&title=Economy grew 4.4% y-o-y in the first quarter of 2022 despite global headwinds\">\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=Economy+grew+4.4%25+y-o-y+in+the+first+quarter+of+2022+despite+global+headwinds+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F11%2F29%2Feconomy-grew-4-4-y-o-y-in-the-first-quarter-of-2022-despite-global-headwinds%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\/29\/economy-grew-4-4-y-o-y-in-the-first-quarter-of-2022-despite-global-headwinds\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/471.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"577605\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/29\/economy-grew-4-4-y-o-y-in-the-first-quarter-of-2022-despite-global-headwinds\/471-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/471.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"471.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/471.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/471.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-577604\" class=\"content-area-description single-story post-577604 post type-post status-publish format-standard has-post-thumbnail hentry category-economy tag-data tag-economy tag-enterpriseam tag-gdp tag-growth-projections tag-hala-el-said tag-planning-ministry 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>Egypt\u2019s economy grew 4.4% y-o-y in 1Q FY 2022-2023<\/strong>, according to preliminary data from the Planning Ministry. GDP growth in the first quarter of the state\u2019s current fiscal year (which starts in July) came despite continued global headwinds thanks to the pandemic, the war in Ukraine, and climate change, Planning Minister Hala El Said <a href=\"http:\/\/bit.ly\/3VA4PjL\">said yesterday<\/a> in a meeting with Prime Minister Moustafa Madbouly.<\/p>\n<p><strong>AND- Gov\u2019t revises growth estimates for the full fiscal year: <\/strong>The Planning Ministry is now expecting our economy to grow by around 5.0% in FY 2022-2023, El Said said in a separate meeting yesterday with President Abdel Fattah El Sisi and Madbouly, according to an Ittihadiya <a href=\"http:\/\/bit.ly\/3ATWZcN\">statement<\/a>. The draft budget for this fiscal year had penciled in <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/69470760-13ca-4936-83f2-59c11fea41f7\">growth of 5.5%<\/a>.<\/p>\n<p><strong>The government\u2019s 5.0% estimate<\/strong><strong> is more optimistic than forecasts from some international institutions<\/strong> because it reflects the \u201cresilience\u201d our economy has shown \u201cas a result of the growth and activity generated by public investment,\u201d El Said is quoted as saying. Last quarter\u2019s 4.4% growth is in line with the International Monetary Fund\u2019s <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/46c9c082-32b8-4cee-88a1-fe137c62814f\">most recent estimate<\/a> for Egypt for the full fiscal year, while the World Bank in October predicted our economy to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7a100d25-6904-4b6e-87f7-46eb8b43da69\">grow 4.8%<\/a> in FY 2022-2023.<\/p>\n<p><strong>Balancing growth + inflation is key: <\/strong>Madbouly and El Said discussed measures meant to achieve a balance between maintaining high growth and containing inflation. They also discussed how to protect jobs and reduce the country\u2019s external debt burden. Urban inflation <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/eda939e2-7215-4e94-bc1e-93f00623cee5\">hit its highest level<\/a>in four years in October, coming in at 16.2% on the back of surging food prices, while the external debt-to-GDP ratio stands at <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fe567803-92ff-4fcb-885c-d4eb1f4e7b69\">around 34.6%<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/data\/\">data<\/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\/gdp\/\">GDP<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/growth-projections\/\">growth projections<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hala-el-said\/\">Hala El Said<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/planning-ministry\/\">Planning Ministry<\/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=\"577606\" 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=\"577606\">\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\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/29\/bp-gets-two-new-mediterranean-gas-blocks\/\">\r\n                            BP gets two new Mediterranean gas blocks                        <\/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\/29\/bp-gets-two-new-mediterranean-gas-blocks\/\" 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\/29\/bp-gets-two-new-mediterranean-gas-blocks\/')\">\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\/29\/bp-gets-two-new-mediterranean-gas-blocks\/\">\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=BP gets two new Mediterranean gas blocks&url=https:\/\/enterpriseam.com\/egypt\/2022\/11\/29\/bp-gets-two-new-mediterranean-gas-blocks\/\">\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\/29\/bp-gets-two-new-mediterranean-gas-blocks\/&title=BP gets two new Mediterranean gas blocks\">\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=BP+gets+two+new+Mediterranean+gas+blocks+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F11%2F29%2Fbp-gets-two-new-mediterranean-gas-blocks%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\/29\/bp-gets-two-new-mediterranean-gas-blocks\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/473.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"577607\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/29\/bp-gets-two-new-mediterranean-gas-blocks\/473-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/473.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"473.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/473.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/473.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-577606\" class=\"content-area-description single-story post-577606 post type-post status-publish format-standard has-post-thumbnail hentry category-energy tag-bp tag-energy tag-eni tag-enterpriseam tag-karim-alaa tag-oil-and-gas tag-wintershall-dea 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-05\"><\/a> <strong>BP has been awarded gas exploration rights in two offshore blocks in the <\/strong><strong>Mediterranean Sea<\/strong>, the company said in a <a href=\"https:\/\/ent.news\/2022\/11\/bp-awarded-new-exploration-blocks-in-egypts-offshore-nile-delta.pdf\">statement (pdf)<\/a>. The oil and gas giant has now been awarded four blocks so far this year, along with a block extension, \u201cwhich offer the potential for gas discoveries that could be developed using existing infrastructure,\u201d said BP Regional President Karim Alaa.<\/p>\n<p><strong>The details: <\/strong>The first block is in the Northwest Abu Qir concession, where BP is the operator with an 82.75% stake in the block, while Germany\u2019s Wintershall Dea holds the remaining 17.25%. The second block is in the Bellatrix-Seti East concession, in which BP and Italian oil and gas giant Eni each hold 50%. Eni is the operator.<\/p>\n<p><strong>More exploration tenders coming:<\/strong> Egypt plans to hold new <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/866f85bc-8e65-4068-8820-f43b4c0a46a4\">global tenders for oil and gas exploration<\/a> before the end of the year, covering concessions in the Mediterranean, the Western Desert, and the Eastern Desert, Oil Minister Tarek El Molla said earlier this month.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/bp\/\">BP<\/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\/eni\/\">Eni<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/karim-alaa\/\">Karim Alaa<\/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\/wintershall-dea\/\">Wintershall Dea<\/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=\"577608\" 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=\"577608\">\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\">Automotive<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/29\/egypt-car-sales-down-again-in-october\/\">\r\n                            Egypt car sales down again in October                        <\/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\/29\/egypt-car-sales-down-again-in-october\/\" 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\/29\/egypt-car-sales-down-again-in-october\/')\">\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\/29\/egypt-car-sales-down-again-in-october\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt car sales down again in October&url=https:\/\/enterpriseam.com\/egypt\/2022\/11\/29\/egypt-car-sales-down-again-in-october\/\">\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\/29\/egypt-car-sales-down-again-in-october\/&title=Egypt car sales down again in October\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+car+sales+down+again+in+October+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F11%2F29%2Fegypt-car-sales-down-again-in-october%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\/29\/egypt-car-sales-down-again-in-october\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/474.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"577609\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/29\/egypt-car-sales-down-again-in-october\/474-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/474.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"474.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/474.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/474.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-577608\" class=\"content-area-description single-story post-577608 post type-post status-publish format-standard has-post-thumbnail hentry category-automotive tag-amic tag-automotive tag-data tag-enterpriseam 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-06\"><\/a> <strong>Auto sales down yet again: <\/strong>Monthly auto sales fell in October as the industry faces continued import difficulties. Less than 6.1k passenger vehicles were sold last month, down 69% from the same month last year, according to figures released by the Automotive Information Council (AMIC), an industry group.<\/p>\n<p><strong>Passenger vehicle sales hit a 4.5 year low for a <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/14b3ae47-c924-4ff2-a5b9-4b0ea2d6c2db\">second consecutive month<\/a><\/strong> \u2014 excluding April 2020, when sales slumped amid the outbreak of the pandemic. We\u2019ve tracked AMIC sales data going back to the start of 2018.<\/p>\n<p><strong>Buses and trucks were no exception: <\/strong>Around 1.4k buses were sold during the month, down 43% from October last year. Truck sales were down 63% to 1.5k units. Total vehicle sales dropped 65% y-o-y to 9k in October. AMIC figures reflect data contributed by member distributors, who include most (but not all) industry participants.<\/p>\n<p><strong>It\u2019s been an annus horribilis for the auto industry \u2014 but there may be light at the end of the tunnel: <\/strong>The central bank is in the process of rolling back import restrictions it introduced in February to preserve foreign currency. The <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f1237459-2827-438d-96c3-8fe7a8dce26e\">new rules<\/a> made it almost impossible for distributors to bring fully built up vehicles, assembly kits, and spare parts into the country and forced a number of global car manufacturers to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3242bc1d-f416-47a6-a914-3ce472eb1c9f\">suspend sales<\/a> to Egypt. The restrictions could be fully <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ddd263a4-f28f-47d4-90e2-e93c3db56a26\">lifted by the end of the year<\/a> \u2014 but it will likely take longer to solve an FX shortage that is <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f672467e-6883-4598-b682-514b16c303de\">reportedly slowing the release of goods<\/a> at ports \u2014 and to repair the severed links in our auto supply chain.<\/p>\n<p><strong>In other words: Don\u2019t expect showrooms to be significantly restocked until closer to mid-year 2023<\/strong> by the time local assemblers place and receive kit orders and importers of fully built-up units are able to place, pay for and receive goods.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/amic\/\">AMIC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/automotive\/\">automotive<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/data\/\">data<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"577610\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"577610\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/29\/577610\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-577610\" class=\"content-area-description single-story post-577610 post type-post status-publish format-standard hentry category-uncategorized wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class='web-image'><a href='https:\/\/www.sodic.com\/'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/1-SODIC-Karokee-1600x1600-1.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"577611\" 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=\"577611\">\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\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/29\/exchanging-currencies-and-commodities\/\">\r\n                            Exchanging currencies and commodities                        <\/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\/29\/exchanging-currencies-and-commodities\/\" 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\/29\/exchanging-currencies-and-commodities\/')\">\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\/29\/exchanging-currencies-and-commodities\/\">\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=Exchanging currencies and commodities&url=https:\/\/enterpriseam.com\/egypt\/2022\/11\/29\/exchanging-currencies-and-commodities\/\">\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\/29\/exchanging-currencies-and-commodities\/&title=Exchanging currencies and commodities\">\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=Exchanging+currencies+and+commodities+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F11%2F29%2Fexchanging-currencies-and-commodities%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\/29\/exchanging-currencies-and-commodities\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/475.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"577612\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/29\/exchanging-currencies-and-commodities\/475-jpg-11\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/475.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"475.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/475.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/475.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-577611\" class=\"content-area-description single-story post-577611 post type-post status-publish format-standard has-post-thumbnail hentry category-egypt-in-the-news tag-commodities tag-economy tag-emx tag-enterpriseam tag-foreign-exchange wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>No single story is driving the conversation on Egypt in the international press this <\/strong><strong>morning:<\/strong><\/p>\n<ul>\n<li><strong>Investors and analysts are expecting the EGP <\/strong><strong>to weaken a bit more<\/strong> against the greenback, possibly before the IMF executive board approves a funding package in December, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-11-28\/egypt-currency-makeover-still-untested-but-that-may-change-soon?leadSource=uverify%20wall\">Bloomberg<\/a> reports.<\/li>\n<li><a href=\"https:\/\/www.reuters.com\/markets\/commodities\/new-exchange-offers-egypt-another-way-import-wheat-2022-11-28\/\">Reuters<\/a> is out with a story on the <strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a3c8bf0f-0f62-45ff-9ba1-9a3edd9b892e\">Egyptian Mercantile Exchange<\/a><\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a3c8bf0f-0f62-45ff-9ba1-9a3edd9b892e\">(EMX) going live this week<\/a><\/strong>, providing a direct channel for the sale and purchase of commodities including wheat.<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/commodities\/\">commodities<\/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\/emx\/\">EMX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/foreign-exchange\/\">foreign exchange<\/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=\"577613\" 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=\"577613\">\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\">LAST NIGHT\u2019S TALK SHOWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/29\/last-nights-talk-shows-port-snarls-could-be-resolved-by-end-of-december\/\">\r\n                            Last Night\u2019s Talk Shows: Port snarls could be resolved by end of December?                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/29\/last-nights-talk-shows-port-snarls-could-be-resolved-by-end-of-december\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2022\/11\/29\/last-nights-talk-shows-port-snarls-could-be-resolved-by-end-of-december\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2022\/11\/29\/last-nights-talk-shows-port-snarls-could-be-resolved-by-end-of-december\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Last Night\u2019s Talk Shows: Port snarls could be resolved by end of December?&url=https:\/\/enterpriseam.com\/egypt\/2022\/11\/29\/last-nights-talk-shows-port-snarls-could-be-resolved-by-end-of-december\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2022\/11\/29\/last-nights-talk-shows-port-snarls-could-be-resolved-by-end-of-december\/&title=Last Night\u2019s Talk Shows: Port snarls could be resolved by end of December?\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Last+Night%E2%80%99s+Talk+Shows%3A+Port+snarls+could+be+resolved+by+end+of+December%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F11%2F29%2Flast-nights-talk-shows-port-snarls-could-be-resolved-by-end-of-december%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/29\/last-nights-talk-shows-port-snarls-could-be-resolved-by-end-of-december\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/476.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"577614\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/29\/last-nights-talk-shows-port-snarls-could-be-resolved-by-end-of-december\/476-jpg-11\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/476.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"476.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/476.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/476.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-577613\" class=\"content-area-description single-story post-577613 post type-post status-publish format-standard has-post-thumbnail hentry category-last-nights-talk-shows tag-alaa-ezz tag-education-ministry tag-enterpriseam tag-foreign-exchange tag-last-nights-talk-shows tag-reda-hegazy tag-thanaweya-amma wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>It was another slow-ish night on talk shows yesterday<\/strong>, with the talking heads focusing on efforts by the government to release shipments piled up at ports.<\/p>\n<p><strong>Goods worth some USD 6 bn are currently stuck at ports<\/strong> amid a shortage of FX needed to get them released, Alaa Ezz, secretary-general of the Federation of Egyptian Chambers of Commerce (FEDCOC), told Kelma Akhira (<a href=\"https:\/\/www.youtube.com\/watch?v=7X91Na83IUA\">watch, runtime: 11:12<\/a>).<\/p>\n<p><strong>On the bright side: <\/strong>Banks have issued some 25k letters of credit (L\/Cs) worth USD 4.5 bn since October\u2019s float, helping to ease the backlog and keep new shipments moving through ports, Ezz said. He expects all backlogged shipments to be released from ports by the end of December, when the CBE plans to have lifted import restrictions including the requirement to issue L\/Cs, adding that prices should then \u201cbegin to stabilize.\u201d<\/p>\n<p><strong>MEANWHILE- No changes to this year\u2019s Thanaweya Amma exams:<\/strong> Changes introduced last year to move secondary school leaving exams to an \u201copen book\u201d system will stay in place this year, Education Minister Reda Hegazy said at a presser yesterday, according to a <a href=\"https:\/\/moe.gov.eg\/en\/what-s-on\/news\/examination-paper\/\">ministry statement<\/a>. Hegazy had <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7149102f-bbfc-4752-b231-ac65456839b0\">previously suggested<\/a> the system \u2014 which led to lower pass rates last year \u2014 could see more reforms. Essay questions make up 15% of exam questions under the system, with the rest multiple choice. Education Ministry Spokesman Shady Zalata discussed the details with Al Hayah Al Youm (<a href=\"https:\/\/www.youtube.com\/watch?v=YEvl9fy7EyU\">watch, runtime: 8:37<\/a>). Masa\u2019a DMC also had coverage. (<a href=\"https:\/\/www.youtube.com\/watch?v=YZdz2XS0v4U\">watch, runtime:<\/a><a href=\"https:\/\/www.youtube.com\/watch?v=YZdz2XS0v4U\">1:36<\/a>).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/alaa-ezz\/\">Alaa Ezz<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/education-ministry\/\">Education Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/foreign-exchange\/\">foreign exchange<\/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\/reda-hegazy\/\">Reda Hegazy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/thanaweya-amma\/\">Thanaweya Amma<\/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=\"577615\" 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 !important;}<\/style>\r\n                <div class=\"stk-block-carousel__content-wrapper\">\r\n                <div class=\"stk-row stk-inner-blocks stk-block-content stk-block-carousel__slider-wrapper stk-content-align stk-a38cfb2-column alignwide\">\r\n                <div class=\"stk-block-carousel__slider\" role=\"list\" data-autoplay=\"4000\" data-label-slide-of=\"Slide %%d of %%d\">\r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-46c5f99\" data-v=\"4\" data-block-id=\"46c5f99\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-46c5f99-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-46c5f99-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\/240922.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.hsbc.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27489.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Opening up a world of opportunity<\/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-pfkr7by\" data-v=\"4\" data-block-id=\"pfkr7by\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-pfkr7by-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-pfkr7by-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\/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-wx56etg\" data-v=\"4\" data-block-id=\"wx56etg\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-wx56etg-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-wx56etg-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\/240924.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.sodic.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27487.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Live 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-h43uc8o\" data-v=\"4\" data-block-id=\"h43uc8o\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-h43uc8o-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-h43uc8o-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-ioe4ub9\" data-v=\"4\" data-block-id=\"ioe4ub9\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-ioe4ub9-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-ioe4ub9-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=\"577616\" 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=\"577616\">\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\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/29\/social-ins-contributions-and-payouts-to-rise-in-the-new-year\/\">\r\n                            Social ins contributions and payouts to rise in the new year                        <\/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\/29\/social-ins-contributions-and-payouts-to-rise-in-the-new-year\/\" 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\/29\/social-ins-contributions-and-payouts-to-rise-in-the-new-year\/')\">\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\/29\/social-ins-contributions-and-payouts-to-rise-in-the-new-year\/\">\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=Social ins contributions and payouts to rise in the new year&url=https:\/\/enterpriseam.com\/egypt\/2022\/11\/29\/social-ins-contributions-and-payouts-to-rise-in-the-new-year\/\">\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\/29\/social-ins-contributions-and-payouts-to-rise-in-the-new-year\/&title=Social ins contributions and payouts to rise in the new year\">\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=Social+ins+contributions+and+payouts+to+rise+in+the+new+year+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F11%2F29%2Fsocial-ins-contributions-and-payouts-to-rise-in-the-new-year%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\/29\/social-ins-contributions-and-payouts-to-rise-in-the-new-year\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/477.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"577617\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/29\/social-ins-contributions-and-payouts-to-rise-in-the-new-year\/477-jpg-17\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/477.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"477.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/477.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/477.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-577616\" class=\"content-area-description single-story post-577616 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-enterpriseam tag-nationals-social-ins-authority tag-social-welfare wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Among the other stories we\u2019re paying attention to this morning:<\/strong><\/p>\n<p><strong>ECONOMY-<\/strong><\/p>\n<p><strong>Employees will pay more towards social ins. starting in January: <\/strong>The subscription wage used to calculate national ins. contributions for public and private sector workers will be raised to a minimum of EGP 1.7k and a maximum of EGP 10.9k as of 1 January 2023, up between 10-20% from last year, according to a statement from the <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02KBBNFrr4gGCijDaTPTQsby41pmVdvvqNtHhZJ51e9iFz6ngNisc9yXS9qHK8pYhl\">National Social Ins. Authority<\/a>. The hike comes in line with a plan laid out in the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2290ee3e-bfb7-4045-be5b-9e6188518c83\">2019 Pension Act<\/a> to gradually increase national ins. contributions.<\/p>\n<p><strong>Pensioners will also get a bit more in their pockets each month<\/strong>, the statement said. Payouts to retirees and other beneficiaries will rise on 1 January to a minimum of EGP 1.1k and a maximum of EGP 8.7k.<\/p>\n<p><strong>CONSUMER FINANCE-<\/strong><\/p>\n<p><strong>Cairo-based e-payments firm Damen plans to establish an investment arm <\/strong>focused on consumer finance and microfinance during Q2 2023, with funding from private equity player Aur Capital, CEO Tamer El Hussainy told <a href=\"http:\/\/bit.ly\/3ARnYG4\">Al Mal<\/a>.<\/p>\n<p><strong>COMMODITIES- <\/strong><\/p>\n<p><strong>New state silos company: <\/strong>The Egyptian Holding Company For Silos and Storage and the Agricultural Bank of Egypt are setting up a new company for silos and warehouses named Ard Misr (Egypt\u2019s Land), according to a <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02BGgqu8EatMQa6hBgLQcqcLZbLGhogg9pZLwAE88VwDx7qHqkEo66je9thj85ZPV7l\">Supply Ministry statement<\/a>.<\/p>\n<p><strong>GREEN ECONOMY-<\/strong><\/p>\n<p><strong>Honeywell and Intro Group subsidiary <\/strong><strong><a href=\"https:\/\/introgroup.org\/intro\/environ-adapt.html\">Environ Adapt<\/a><\/strong><strong> could set up a chemical <\/strong><strong>plastic recycling facility. <\/strong><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/bc3a1ba3-501a-45ad-b5e6-8bb193dba152\">Enterprise Climate<\/a> has the story.<\/p>\n<p><strong>ELECTRONICS-<\/strong><\/p>\n<p><strong>IT infrastructure contractor Benya Group will sign by mid-December final agreements <\/strong><strong>with Saudi\u2019s <\/strong><strong>Al Fanar to establish a <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/031ecccd-f816-4657-ae61-58d9c32a706d\">tech-focused JV<\/a><\/strong> in the Gulf country, Chairman Ahmed Mekky told Bloomberg Asharq in an interview (<a href=\"https:\/\/twitter.com\/AsharqbEGY\/status\/1596889212061896704\">watch, runtime: 1:22<\/a>).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/nationals-social-ins-authority\/\">Nationals Social Ins. Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/social-welfare\/\">social welfare<\/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=\"577622\" 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\/29\/577622\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-577622\" class=\"content-area-description single-story post-577622 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>20 November-18 December (Sunday-Sunday): 2022 Fifa World Cup, Qatar.<\/p>\n<p>27-30 November (Sunday-Wednesday): <a href=\"https:\/\/cairoict.com\/\">Cairo ICT<\/a> and Pafix, 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>1 December (Thursday): Contractors to <a href=\"https:\/\/www.youm7.com\/5964288\">break ground<\/a> on Egypt-Saudi interconnection project.<\/p>\n<p>2-3 December (Thursday-Saturday): <a href=\"https:\/\/www.biznex-expo.com\/\">BiznEX<\/a> kicks off at Mamsha Ahl Misr.<\/p>\n<p>3 December (Saturday): Dior Men\u2019s pre-fall collection show in Giza.<\/p>\n<p>4 December (Sunday): House back in session.<\/p>\n<p>4 December (Sunday): OPEC+ meeting.<\/p>\n<p>5-8 December (Monday-Thursday): QS <a href=\"https:\/\/www.reimagine-education.com\/agenda\/\">Reimagine Education Awards and Conference<\/a>, multiple locations.<\/p>\n<p>5-7 December (Monday-Wednesday): <a href=\"https:\/\/foodafrica-expo.com\/\">Food Africa 2022<\/a> kicks off at Egypt International Exhibitions Center.<\/p>\n<p>6 December (Tuesday): <a href=\"https:\/\/climatexforum.enterprise.press\/\">Enterprise Climate X Forum<\/a>, Grand Egyptian Museum.<\/p>\n<p>7 December (Wednesday): <a href=\"https:\/\/events.euromoney.com\/event\/3bd9d782-7c1b-47db-85de-840ccd977928\/summary\">Euromoney Egypt 2022<\/a>conference<\/p>\n<p>10 December (Saturday): The TriFactory\u2019s <a href=\"https:\/\/www.thetrifactory.com\/pyramidshalfmarathon\">Pyramids Half Marathon<\/a>.<\/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>20 December (Tuesday): EGX-listed Pachin will <a href=\"https:\/\/ent.news\/2022\/11\/Pachin-general-assembly.pdf\">brief shareholders<\/a> on offers received to acquire the company in an ordinary general assembly.<\/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>December: Chinese President Xi Jinping <a href=\"https:\/\/www.reuters.com\/business\/cop\/trade-security-agenda-xi-visit-saudi-arabia-saudi-minister-2022-11-12\/\">visit<\/a>to Saudi Arabia<\/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>January: Infinity + Africa Finance Corporation to close acquisition of Lekela Power.<\/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): President El Sisi will visit India as <a href=\"https:\/\/www.mea.gov.in\/press-releases.htm?dtl\/35927\/Chief_Guest_at_Indias_Republic_Day_Celebrations_2023\">\u201cchief guest\u201d at celebrations<\/a>to mark the 74th anniversary of Indian independence.<\/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>1 April (Saturday): Deadline for banks to establish sustainability unit.<\/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>End of December\/early January: SFE\u2019s pre-IPO fund <a href=\"https:\/\/www.alborsaanews.com\/2022\/11\/20\/1599698\">to kick off<\/a>roadshow.<\/p>\n<p>4Q 2022: Electricity Ministry to tender six solar projects in Aswan Governorate.<\/p>\n<p>4Q 2022: Raya Holding subsidiary Aman and Qalaa Holdings\u2019 Taqa Arabia to launch their fintech company.<\/p>\n<p>4Q 2022: Saudi Arabia\u2019s 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>1Q 2023: Internal trade database to <a href=\"https:\/\/hapijournal.com\/?p=212185\">launch<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":577596,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-577595","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"f4e385da-25ee-4e44-b6bc-a61e0b03f1c8","teaser":"","photo_url":"https:\/\/ent.news\/2022\/11\/466.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>It\u2019s a macro-heavy kind of morning - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/issues\/its-a-macro-heavy-kind-of-morning\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"It\u2019s a macro-heavy kind of morning\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/issues\/its-a-macro-heavy-kind-of-morning\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T11:20:41+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/466.jpg?fit=%2C&ssl=1\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/its-a-macro-heavy-kind-of-morning\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/issues\/its-a-macro-heavy-kind-of-morning\/\",\"name\":\"It\u2019s a macro-heavy kind of morning - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/its-a-macro-heavy-kind-of-morning\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/its-a-macro-heavy-kind-of-morning\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/466.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2022-11-29T03:54:47+00:00\",\"dateModified\":\"2025-12-16T11:20:41+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/its-a-macro-heavy-kind-of-morning\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/issues\/its-a-macro-heavy-kind-of-morning\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/its-a-macro-heavy-kind-of-morning\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/466.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/466.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/its-a-macro-heavy-kind-of-morning\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Issues\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/AMarchives\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"It\u2019s a macro-heavy kind of morning\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"It\u2019s a macro-heavy kind of morning - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/issues\/its-a-macro-heavy-kind-of-morning\/","og_locale":"en_US","og_type":"article","og_title":"It\u2019s a macro-heavy kind of morning","og_url":"https:\/\/enterpriseam.com\/egypt\/issues\/its-a-macro-heavy-kind-of-morning\/","og_site_name":"EnterpriseAM Egypt","article_modified_time":"2025-12-16T11:20:41+00:00","twitter_card":"summary_large_image","twitter_image":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/466.jpg?fit=%2C&ssl=1","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/its-a-macro-heavy-kind-of-morning\/","url":"https:\/\/enterpriseam.com\/egypt\/issues\/its-a-macro-heavy-kind-of-morning\/","name":"It\u2019s a macro-heavy kind of morning - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/its-a-macro-heavy-kind-of-morning\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/its-a-macro-heavy-kind-of-morning\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/466.jpg?fit=%2C&ssl=1","datePublished":"2022-11-29T03:54:47+00:00","dateModified":"2025-12-16T11:20:41+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/its-a-macro-heavy-kind-of-morning\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/issues\/its-a-macro-heavy-kind-of-morning\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/its-a-macro-heavy-kind-of-morning\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/466.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/466.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/its-a-macro-heavy-kind-of-morning\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Issues","item":"https:\/\/enterpriseam.com\/egypt\/AMarchives\/"},{"@type":"ListItem","position":3,"name":"It\u2019s a macro-heavy kind of morning"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}}]}},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/577595","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/issue"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/577595\/revisions"}],"predecessor-version":[{"id":577632,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/577595\/revisions\/577632"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/577596"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=577595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=577595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=577595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}