{"id":590637,"date":"2019-12-30T04:39:33","date_gmt":"2019-12-30T04:39:33","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=590637"},"modified":"2025-12-16T16:08:10","modified_gmt":"2025-12-16T16:08:10","slug":"competition-watchdog-greenlights-uber-careem-merger","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/competition-watchdog-greenlights-uber-careem-merger\/","title":{"rendered":"Competition watchdog greenlights Uber-Careem merger"},"content":{"rendered":"<section id=\"590639\" 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=\"590639\">\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\/2019\/12\/30\/what-were-tracking-on-30-december-2019\/\">\r\n                            What we\u2019re tracking on 30 December 2019                        <\/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\/2019\/12\/30\/what-were-tracking-on-30-december-2019\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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What end-of-year news slowdown? <\/strong>We have plenty of news for you this morning: The competition authority\u2019s long-awaited ruling on the Uber-Careem merger is in, and it\u2019s not going to send a chill through the market. Plus: Lots of M&amp;A news, an end-of-year interview with EGX boss Mohamed Farid, and continued signs of borrowing by Egyptian corporations \u2014 the later promising signs that the long-predicted pickup in corporate borrowing could indeed be a theme in 2020.<\/p><p><strong>Either way, bankers will get to sleep in on the first day of 2020:<\/strong> Banks will be closed on Wednesday, 1 January, in observance of New Year\u2019s and will be back to work the following day, the CBE said yesterday, <a href=\"https:\/\/www.masrawy.com\/news\/news_economy\/details\/2019\/12\/29\/1696674\/%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D8%A7%D9%84%D8%A3%D8%B1%D8%A8%D8%B9%D8%A7%D8%A1-%D8%B9%D8%B7%D9%84%D8%A9-%D8%B1%D8%B3%D9%85%D9%8A%D8%A9-%D8%A8%D8%A7%D9%84%D8%A8%D9%86%D9%88%D9%83-%D8%A8%D9%85%D9%86%D8%A7%D8%B3%D8%A8%D8%A9-%D8%A7%D9%86%D8%AA%D9%87%D8%A7%D8%A1-%D8%A7%D9%84%D8%B3%D9%86%D8%A9-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9#sectionListing\">according to Masrawy<\/a>. The EGX will follow suit, and <strong>so will Enterprise: <\/strong>We\u2019re taking our annual publication holiday on 1 January and will be back the following Wednesday (8 January).<\/p><p><strong>We\u2019re weeks away from adding electricity to our East Med energy hub ambitions. <\/strong>The Sisi administration has for years now been positioning Egypt as the region\u2019s premier energy hub, but with our focus on the import (and potential onward sale of) Israeli natural gas, it\u2019s easy to lose sight that we\u2019re also going to be exporting electricity. The first of multiple interconnections between our national grid and those of neighboring countries launches on 12 January with a 50 MW link to Sudan. We have more in this morning\u2019s Speed Round, below.<\/p><p><strong>Also coming next month: A health campaign focusing on pregnant women in <\/strong><strong>Egypt.<\/strong> The campaign aims to detect and treat diseases in pregnant mothers prevent their transmission to unborn babies, <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/photos\/a.153526355166753\/776442809541768\/?type=3&amp;theater\">according to an Ittihadiya statement<\/a>.<\/p><p class=\"web-image stand-out-borderless\"><a href=\"http:\/\/somabay.com\/%20\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/12\/2715.jpeg?ssl=1\" alt=\"enterprise\"><\/a>Take a step into our phenomenal world &amp; celebrate 2020 with The Lemon Tree &amp; Co. at Somabay. Family &amp; Friends Reunion IV, Music Festival is happening on the 29th &amp; 30th of December and the celebration extends to NYE, December 31st where GALERIE presents a full night of elegance, admiration &amp; laughter. For reservations: http:\/\/nye2020tlt.com\/<\/p><p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>MUST-READ FOR FINANCE NERDS- 2019 was a bad year for IPOs<\/strong>, leading some to wonder whether public markets are shrinking: The number of new listings fell by a fifth globally to 1,237 or the lowest figure in three years, the Financial Times reports, even as global equity markets have surged. Together, the companies raised nearly USD 190 bn, a 10% drop from last year and also a three-year low. Across the pond, some 211 companies went public in the United States throughout 2019, but only managed to raise USD 62.33 bn \u2014 nowhere near optimistic projections that this year\u2019s IPO bounty could outpace 1999\u2019s record of USD 108 bn, <a href=\"https:\/\/www.wsj.com\/articles\/2019-the-year-of-ipo-disappointment-11577615400?mod=hp_lead_pos1\">according to the Wall Street Journal<\/a>. Many of those companies are now trading below the valuations they held as private companies.<\/p><p><strong>What\u2019s keeping market watchers awake: <\/strong>\u201cThe drop in IPOs comes at a critical juncture for public markets, which have <a href=\"https:\/\/www.ft.com\/content\/50dea950-f5b4-11e9-a79c-bc9acae3b654\">shrunk over the past two decades<\/a>, while private markets \u2014 such as private equity and venture capital \u2014 <a href=\"https:\/\/www.ft.com\/content\/2f777656-9854-11e9-9573-ee5cbb98ed36\">have expanded<\/a>,\u201d the FT writes. <strong>Bonus: The piece quotes market sage and Enterprise favourite Mohamed El-Erian.<\/strong><\/p><p><strong>Across the pond, Aramco\u2019s debut also fell short:<\/strong> The long-awaited IPO of the Saudi Aramco could not live up to Crown Prince Mohammed bin Salman USD 2 tn valuation despite the efforts of the kingdom. Once public, the Saudi stock <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/18\/what-were-tracking-on-18-december-2019-8687\/\">has dipped<\/a> though moving up slowly recently.<\/p><p><strong>Egypt saw only two IPOs in 2019<\/strong>, with fintech player Fawry and pharmaco Rameda listing. Egyptian companies pulled back from raising capital after Sarwa Capital\u2019s IPO went sideways in late 2018. A global slowdown in appetite for emerging market IPOs and fears the repeatedly-postponed Aramco would suck liquidity out of the market also played a role. Meanwhile, <a href=\"https:\/\/enterprise.press\/stories\/2019\/03\/05\/eastern-tobaccos-public-offering-42-3-covered-on-second-day-of-subscription\/\">Eastern Tobacco\u2019s 4.5% secondary sale in March<\/a> was the only one of the many sales by state-owned companies to go to market.<\/p><p><strong>MEANWHILE- Some of the best returns in 2019 were in \u201cunexpected corners of <\/strong><strong>the market,\u201d <\/strong><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-12-29\/what-putting-10-000-in-these-assets-would-have-returned-in-2019\">Bloomberg<\/a> writes in its rundown of what USD 10k allocated to asset classes including Russia, Greece, Beyond Meat and palladium would have fared this year.<\/p><p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/11\/CIRA-Blackboard-Banner-B.jpg?ssl=1\" alt=\"enterprise\"><\/p><p><strong>*** It\u2019s Blackboard day: <\/strong>Our every Monday look at<strong> the business of education in <\/strong>Egypt, from pre-K through the highest reaches of higher ed, focuses this week on <strong>how light-touch regulation attracted international branch campuses<\/strong> to Egypt.<\/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\/africa\/\">Africa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/aramco\/\">Aramco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cyprus\/\">Cyprus<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/electricity\/\">electricity<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/electricity-ministry\/\">Electricity Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gender\/\">gender<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/greece\/\">Greece<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/health\/\">health<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ipo-watch\/\">IPO watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sudan\/\">Sudan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/wework\/\">WeWork<\/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             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on Wednesday, 8 January.<\/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\/enterprise-last-nights-talk-shows\/\">Enterprise+: Last Night\u2019s Talk Shows<\/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=\"590642\" 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=\"590642\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">Speed Round<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/30\/merged-uber-careem-to-operate-in-egypt-under-eca-rules\/\">\r\n                            Merged Uber-Careem to operate in Egypt under ECA rules                        <\/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\/2019\/12\/30\/merged-uber-careem-to-operate-in-egypt-under-eca-rules\/\" target=\"_blank\">\n           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size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"590643\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/30\/merged-uber-careem-to-operate-in-egypt-under-eca-rules\/3061-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/3\/3061.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"3061.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/3\/3061.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/3\/3061.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-590642\" class=\"content-area-description single-story post-590642 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round tag-careem tag-enterpriseam tag-mas tag-regulation tag-ride-hailing tag-speed-round tag-uber 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>Uber-Careem merger gets green light from competition authority with a couple of minor caveats<\/strong><strong>: <\/strong>The Egyptian Competition Authority (ECA) has granted regulatory approval for Uber\u2019s USD 3.1 bn acquisition of Careem, imposing only a handful of conditions designed to \u201cprotect the rights of riders, drivers, and investors,\u201d the competition watchdog said <a href=\"https:\/\/bit.ly\/2Qvc64l\">in a press release (pdf)<\/a>. The ECA says Uber and Careem have accepted the conditions, which are in effect for the first two years post-transaction. They include:<\/p>\n<p><strong>Customer protection: <\/strong>The ECA capped yearly price increases for UberX and Careem Go services at 10% nationwide, excluding hikes linked to cost-push inflation. The authority also imposed a ceiling on surge pricing at 2.5x the regular fare. No more than 30% of annual trips at either brand can be subject to surge pricing, which hikes the cost of a ride at times of peak demand.<\/p>\n<p><strong>Driver protection: <\/strong>Uber will be obliged to maintain a driver utilization rate in the range of 60-80% across both platforms. Uber has also agreed to cap its cut of UberX rides at 22.5% and of Careem Go rides at 25%.<\/p>\n<p><strong>Market entry, and \u201cindustry innovation\u201d: <\/strong>Uber will have to terminate exclusivity agreements with third-party partners and intermediaries (including driver recruitment offices) to help reduce the already high barriers to entry in the ride-hailing market. The company will also need to modify Careem\u2019s logo and marketing materials to explicitly show its link with Uber as a measure to increase transparency and lower \u201ccustomer confusion.\u201d Uber will also need to provide potential competitors and new market entrants with access to its mapping data and data aggregated from trips, as well as customer and driver data, provided they obtain the owners\u2019 consent.<\/p>\n<p><strong>Third-party monitoring to keep Uber in check:<\/strong> To ensure adherence, a third-party monitoring trustee nominated by Uber and approved by the ECA will be deployed at Uber\u2019s Cairo headquarters. Uber will be required to provide the trustee with random trip data samples to prove it\u2019s upholding the conditions.<\/p>\n<p><strong>Adjacent markets:<\/strong> Neither brand will be permitted to price bus-hailing services below cost or engage in pure bundling, which is when customers are obliged to purchase more than one service or product at once.<\/p>\n<p><strong>Uber\u2019s response: <\/strong><a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL8N293069\">Reuters quoted<\/a> an Uber spokesman as saying they welcome the decision and will be joining forces to \u201cdeliver exceptional outcomes for riders, drivers, and cities across Egypt.\u201d <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-12-29\/uber-s-acquisition-of-careem-gets-egyptian-nod-with-conditions?srnd=premium-middle-east\">Bloomberg<\/a>, meanwhile, took note that the decision was taken after studying data on 270 mn trips and looking at similar Egyptian and international cases.<\/p>\n<p><strong>Swvl sees this as a positive move to keep the market competitive:<\/strong> The ECA's decision will help provide high-quality services to customers at competitive prices, the CEO of mass-transit app Swvl was quoted <a href=\"https:\/\/alborsaanews.com\/2019\/12\/29\/1280608\">by the local press<\/a> as saying.<\/p>\n<p><strong>Is this permanent? <\/strong>The regulations will be binding for the first two years following the merger. They can then be renewed for subsequent two-year periods, but for no more than a total of five years. The renewal will depend on the extent of Uber\u2019s compliance (think: the relationship between good behaviour and parole). The authority could consider lifting the regulations if market circumstances change or if one or more new players grab a market share of at least 20% individually or 30% collectively<\/p>\n<p><strong>Why is the ECA doing this? <\/strong>The authority\u2019s reasoning is that high barriers to entry and the length of time it takes ride-hailing companies to reach profitability means the Uber-Careem merger could be anti-competitive, resulting in more price control and declining service quality, among other factors.<\/p>\n<p><strong>Where the merger stands in other countries:<\/strong> Regulators in other countries in which Uber operates have taken stances in line with the ECA\u2019s, with Qatar having recently reported <a href=\"https:\/\/www.menabytes.com\/qatar-blocks-uber-careem-deal\/\">to have blocked<\/a> the combination of the two businesses altogether. Uber has received the greenlight to proceed in the UAE and Jordan.<\/p>\n<p><strong>Look for more from other jurisdictions as the transaction closes as early as January: <\/strong>The ride-hailing giant <a href=\"https:\/\/enterprise.press\/stories\/2019\/04\/21\/uber-careem-takeover-could-lose-usd-470-mn-egypt-watchdog-a-major-concern-3\/\">stands to lose<\/a> up to USD 470 mn on the USD 3.1 bn price tag if it doesn\u2019t obtain all the necessary passes. It has, however, previously signalled its readiness to divest from any market that doesn\u2019t play along.<\/p>\n<p><strong>Background: <\/strong>Upon receiving a formal notification of the acquisition agreement, the ECA \u2014 a long-time critic of the merger \u2014 launched an investigation and went as far as to design <a href=\"https:\/\/enterprise.press\/stories\/2019\/03\/31\/eca-launches-poll-to-assess-effects-of-uber-careem-acquisition-agreement\/\">an internet poll<\/a> to assess the merger\u2019s effect on the ground. The authority said at the time that the agreement could be a \u201csignificant\u201d impediment to competition. Under the acquisition agreement that was <a href=\"https:\/\/enterprise.press\/stories\/2019\/03\/27\/uber-careem-sign-agreement-to-proceed-with-acquisition\/\">reached in March<\/a>, Uber and Careem will maintain operational autonomy even as Careem becomes a wholly-owned subsidiary of Uber.<\/p>\n<p><strong>IN RELATED NEWS- The competition authority still wants to expand its powers under the Antitrust Act<\/strong>, ECA Chairman Amir Nabil said at a presser following the announcement of the Uber-Careem agreement, <a href=\"https:\/\/bit.ly\/35aCk1o\">according to Masrawy<\/a>. The amendments, which have been in the works since the authority was led by Mona El Garf, would give the ECA teeth and scope comparable to global antitrust agencies, an ECA official <a href=\"https:\/\/enterprise.press\/stories\/2018\/09\/19\/eca-probing-transportation-industry-seeks-expanded-powers\/\">previously told Enterprise<\/a>. El Garf had said that the amendments would also require ECA approval for any merger or acquisition worth more than EGP 100 mn. Nabil did not specify a timeline for the amendments, which would requires signoff by the House of Representatives.<\/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\/careem\/\">Careem<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mas\/\">M&amp;As<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/regulation\/\">regulation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ride-hailing\/\">ride-hailing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/speed-round\/\">SPEED ROUND<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/uber\/\">Uber<\/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=\"590661\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"590662\" 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=\"590662\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/30\/egypt-in-the-news-on-30-december-2019\/\">\r\n                            Egypt in the news on 30 December 2019                        <\/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\/2019\/12\/30\/egypt-in-the-news-on-30-december-2019\/\" 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\/2019\/12\/30\/egypt-in-the-news-on-30-december-2019\/')\">\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\/2019\/12\/30\/egypt-in-the-news-on-30-december-2019\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt in the news on 30 December 2019&url=https:\/\/enterpriseam.com\/egypt\/2019\/12\/30\/egypt-in-the-news-on-30-december-2019\/\">\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\/2019\/12\/30\/egypt-in-the-news-on-30-december-2019\/&title=Egypt in the news on 30 December 2019\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+in+the+news+on+30+December+2019+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F12%2F30%2Fegypt-in-the-news-on-30-december-2019%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\/2019\/12\/30\/egypt-in-the-news-on-30-december-2019\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-590662\" class=\"content-area-description single-story post-590662 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-daesh tag-diplomacy tag-egypt-in-the-news tag-egyptair tag-enterpriseam tag-france tag-israel tag-security wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Still generating coverage in the foreign press: The two bus crashes that took place on<\/strong><strong> Saturday<\/strong> near Port Said and Ain Sohkna, with plenty of stories out in the <a href=\"https:\/\/economictimes.indiatimes.com\/news\/politics-and-nation\/bus-with-16-indian-tourists-crashes-in-egypt\/articleshow\/73013365.cms\">local Indian<\/a> and <a href=\"https:\/\/www.thestar.com.my\/news\/nation\/2019\/12\/29\/malaysian-family-of-five-hurt-in-road-accident-in-egypt\">Malaysian media<\/a> in particular. A total of 28 people were killed in the two crashes, <a href=\"https:\/\/www.dw.com\/en\/egypt-bus-crashes-kill-dozens-of-passengers-including-tourists\/a-51823573\">Deutsche Welle reports<\/a>, including several Indian and Malaysian tourists.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>Expect this to shift the conversation today:<\/strong> French investigators have reportedly found EgyptAir guilty of \u201cmaintenance and safety lapses\u201d that led to the 2016 crash of a flight en route from Paris to Cairo, confidential documents show, according to <a href=\"https:\/\/www.wsj.com\/articles\/piercing-egyptian-secrecy-probe-of-egyptair-crash-faults-airline-with-lapses-11577645533?mod=searchresults&page=1&pos=1\">the Wall Street Journal<\/a>. The plane reportedly had \u201cserious mechanical errors\u201d on the five flights prior to the crash, but these errors were allegedly not addressed by maintenance staff. According to the documents, there was an oxygen leak in the plane\u2019s cockpit and a fire \u201clikely disabled the plane.\u201d The journal notes that Egyptian authorities had said the crash was a result of a terrorist act.<\/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\/daesh\/\">Daesh<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-in-the-news\/\">Egypt in the News<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egyptair\/\">EgyptAir<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/france\/\">France<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/israel\/\">Israel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/security\/\">security<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"590663\" 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=\"590663\">\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\">Worth reading<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/30\/global-meat-consumption-set-to-peak-amid-health-and-environmental-concerns\/\">\r\n                            Global meat consumption set to peak amid health and environmental concerns                        <\/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\/2019\/12\/30\/global-meat-consumption-set-to-peak-amid-health-and-environmental-concerns\/\" 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\/2019\/12\/30\/global-meat-consumption-set-to-peak-amid-health-and-environmental-concerns\/')\">\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\/2019\/12\/30\/global-meat-consumption-set-to-peak-amid-health-and-environmental-concerns\/\">\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=Global meat consumption set to peak amid health and environmental concerns&url=https:\/\/enterpriseam.com\/egypt\/2019\/12\/30\/global-meat-consumption-set-to-peak-amid-health-and-environmental-concerns\/\">\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\/2019\/12\/30\/global-meat-consumption-set-to-peak-amid-health-and-environmental-concerns\/&title=Global meat consumption set to peak amid health and environmental concerns\">\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=Global+meat+consumption+set+to+peak+amid+health+and+environmental+concerns+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F12%2F30%2Fglobal-meat-consumption-set-to-peak-amid-health-and-environmental-concerns%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\/2019\/12\/30\/global-meat-consumption-set-to-peak-amid-health-and-environmental-concerns\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/12\/459.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"590664\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/30\/global-meat-consumption-set-to-peak-amid-health-and-environmental-concerns\/459-jpg-11\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/12\/459.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"459.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/12\/459.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/12\/459.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-590663\" class=\"content-area-description single-story post-590663 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-reading tag-climate-change tag-enterpriseam tag-environment tag-food tag-health tag-worth-reading wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Is global meat consumption set to peak, amid health and environmental concerns and <\/strong><strong>sustainability issues? <\/strong>Meat consumption may have peaked globally, as increased strain on resources \u2014 including land and water \u2014 and growing health and environmental concerns will increasingly prompt consumers to eat less meat and seek alternative sources of protein, whether through choice or necessity, the <a href=\"https:\/\/www.ft.com\/content\/815c9d62-14f4-11ea-9ee4-11f260415385\">Financial Times reports<\/a>. Both the US and Europe are expected to hit a high point of meat consumption in 2020, which will then plateau over the next decade, OECD data suggests. Meanwhile, <a href=\"https:\/\/www.atkearney.com\/retail\/article\/?\/a\/how-will-cultured-meat-and-meat-alternatives-disrupt-the-agricultural-and-food-industry\">a report by consultants AT Kearney<\/a> predicts a low global growth rate of around 3% per year in the coming decades, with meat from livestock becoming a niche product. This is likely to spur the growth of companies producing meat substitutes, including those made from plant proteins. The USD 1.2 tn livestock meat market is likely to change substantially, with investors increasingly aware of the business risks in the high carbon animal agriculture industry.<\/p>\n<p><strong>The impact on emerging markets, including Egypt, is likely to be felt more slowly than elsewhere, but some may embrace the new trend:<\/strong> Nutrition professor Barry Popkin predicts that it will take time before these changes are felt in EMs, where there is less of a narrative linking meat, health concerns, and climate change than in the US and Europe, and where eating meat is often seen as an indicator of affluence. Egypt\u2019s beef consumption in 2020 is expected to reach 720k tonnes, up by 3.5% from the previous year, according to the <a href=\"https:\/\/eg.usembassy.gov\/business\/fas-egypt\/\">US Embassy\u2019s Foreign Agricultural Service (FAS)<\/a> annual report <a href=\"https:\/\/ent.news\/2019\/12\/1076.pdf\">on livestock and products (pdf)<\/a>. This is being driven by population growth, the continued influx of refugees, and an increase in tourism. However, other EMs seem to be warming up to reduced meat intake, with products from alternative meat producer Beyond Meat now available at several restaurants in Dubai and Abu Dhabi. And while China, which accounts for almost a third of the total meat eaten globally, is still seeing a rising demand for meat, this growth is expected to slow before 2030, due to health concerns (including high obesity levels) and increased awareness of the link between diet and health, a 2018 OECD\/FAO report says.<\/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\/climate-change\/\">climate change<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/environment\/\">environment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/food\/\">food<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/health\/\">health<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/worth-reading\/\">worth reading<\/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=\"590668\" 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=\"590668\">\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\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/30\/the-market-yesterday-216\/\">\r\n                            The Market Yesterday                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/30\/the-market-yesterday-216\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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CIB, the index\u2019s heaviest constituent, ended down 1.1%. EGX30\u2019s top performing constituents were Qalaa Holdings up 4.3%, KIMA up 2.5%, and Orascom Development Egypt up 1.5%. Yesterday\u2019s worst performing stocks were Egyptian Resorts down 1.6%, Cleopatra Hospitals down 1.4% and SODIC down 1.3%. The market turnover was EGP 268 mn, and domestic investors were the sole net sellers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Long | EGP +15.1 mn<br \/>\n <strong>Regional<\/strong>: Net Long | EGP +18.0 mn<br \/>\n <strong>Domestic<\/strong>: Net Short | EGP -33.1 mn<\/p>\n<p><strong>Retail<\/strong>: 65.4% of total trades | 69.4% of buyers | 61.4% of sellers<br \/>\n <strong>Institutions<\/strong>: 34.6% of total trades | 30.6% of buyers | 38.6% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 61.75 (+0.05%)<br \/>\n <strong>Brent:<\/strong> USD 68.28 (+0.18%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 2.24 MMBtu (+0.40%, January 2020 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,518.80 \/ troy ounce (+0.05%)<\/p>\n<p><strong>TASI:<\/strong> 8,411.94 (+0.70%) (YTD: +7.48%)<br \/>\n <strong>ADX:<\/strong> 5,072.50 (+0.44%) (YTD: +3.20%)<br \/>\n <strong>DFM:<\/strong> 2,776.56 (+0.42%) (YTD: +9.76%)<br \/>\n <strong>KSE Premier Market:<\/strong> 6,932.09 (+0.08%)<br \/>\n <strong>QE:<\/strong> 10,418.67 (-0.07%) (YTD: +1.16%)<br \/>\n <strong>MSM:<\/strong> 3,890.55 (+0.62%) (YTD: -10.20%)<br \/>\n <strong>BB: <\/strong>1,607.01 (+0.19%) (YTD: +20.17%)<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-market-yesterday\/\">The Market Yesterday<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"590669\" 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\/2019\/12\/30\/590669\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-590669\" class=\"content-area-description single-story post-590669 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>December: Belarus Industry Minister Pavel Utiupin <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=19112019&id=2b9e9b1c-45ad-4af5-82a9-f8650319c562\">will visit Egypt<\/a> to discuss means of cooperation in the SCZone and plan for the seventh Egypt-Belarus Trade Meeting.<\/p>\n<p>December: <a href=\"https:\/\/almalnews.com\/%d9%88%d9%81%d8%af-%d9%87%d9%86%d8%af%d9%8a-%d9%8a%d8%a8%d8%ad%d8%ab-%d8%a7%d9%84%d8%aa%d8%b9%d8%a7%d9%88%d9%86-%d8%a7%d9%84%d8%aa%d8%ac%d8%a7%d8%b1%d9%8a-%d9%88%d8%a7%d9%84%d8%a7%d8%b3%d8%aa%d8%ab\/\">Indian automotive delegation to visit Egypt<\/a>.<\/p>\n<p>January 2020: 1,000 artifacts to be displayed when <a href=\"https:\/\/www.egypttoday.com\/Article\/4\/79118\/Hurghada-Museum-to-be-inaugurated-on-Jan-2020\">Hurghada Museum opens.<\/a><\/p>\n<p>January 2020: 2019 Confederation of African Football (CAF) Awards, Albatros Citadel Resort, <a href=\"https:\/\/alborsaanews.com\/2019\/07\/18\/1226515\">Hurghada, Egypt<\/a>.<\/p>\n<p>January 2020: <a href=\"https:\/\/punchng.com\/uk-africa-investment-summit-holds-in-jan-2020-foreign-secretary\/\">UK-Africa Investment summit<\/a>, London, United Kingdom.<\/p>\n<p>5 January (Sunday): Postponed lawsuit hearing against Peugeot Automobile filed by Cairo for Development and Cars Manufacturing.<\/p>\n<p>7 January 2020 (Tuesday): Coptic Christmas, national holiday.<\/p>\n<p>9-12 January 2020 (Thursday-Sunday): <a href=\"http:\/\/www.plastex-online.com\/\">PLASTEX<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>9-10 January 2020 (Thursday-Friday): Egypt, Ethiopia and Sudan will hold talks in Addis Ababa on GERD.<\/p>\n<p>13 January 2020 (Monday): Egypt, Sudan, and Ethiopia move to Washington, DC, for a fourth (and final?) round of negotiations on GERD.<\/p>\n<p>25 January 2020 (Saturday): 25 January revolution anniversary \/ Police Day, national holiday.<\/p>\n<p>25 January 2020 (Saturday): Midterm break for public schools and universities. Also known as: Two weeks of good commute.<\/p>\n<p>February 2020: An Italian business delegation <a href=\"https:\/\/almalnews.com\/%d9%88%d9%81%d8%af-%d8%a5%d9%8a%d8%b7%d8%a7%d9%84%d9%8a-%d9%8a%d8%b2%d9%88%d8%b1-%d9%85%d8%b5%d8%b1-%d9%81%d8%a8%d8%b1%d8%a7%d9%8a%d8%b1-%d8%a7%d9%84%d9%85%d9%82%d8%a8%d9%84-%d9%84%d9%84%d8%aa%d8%b9\/\">will visit Egypt<\/a> to discuss investments in the Port Said industrial zone.<\/p>\n<p>February 2020: A delegation of Swiss businesses <a href=\"http:\/\/www.miic.gov.eg\/Arabic\/MediaCenter\/News\/Pages\/%D9%85%D8%B5%D8%B1-%D9%88%D8%B3%D9%88%D9%8A%D8%B3%D8%B1%D8%A7-%D8%AA%D8%AA%D9%81%D9%82%D8%A7%D9%86-%D8%B9%D9%84%D9%89-%D8%A7%D8%B3%D8%AA%D8%B1%D8%A7%D8%AA%D9%8A%D8%AC%D9%8A%D8%A9-%D8%A7%D9%84%D8%AA%D8%B9%D8%A7%D9%88%D9%86-%D8%A7%D9%84%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9-%D8%AD%D8%AA%D9%89-2024.aspx\">will visit Egypt<\/a> to discuss investment.<\/p>\n<p>February 2020: Higher Education Minister Khaled Abdel-Ghaffar <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=19112019&id=2b9e9b1c-45ad-4af5-82a9-f8650319c562\">will visit<\/a> Minsk, Belarus.<\/p>\n<p>1 February 2020 (Saturday): The administrative court <a href=\"https:\/\/almalnews.com\/%d8%a7%d9%84%d9%82%d8%b6%d8%a7%d8%a1-%d8%a7%d9%84%d8%a5%d8%af%d8%a7%d8%b1%d9%89-%d9%8a%d8%a4%d8%ac%d9%84-%d9%82%d8%b6%d9%8a%d8%a9-%d8%a3%d8%af%d9%8a%d8%a8%d9%8a%d8%aa%d9%88-%d8%a3%d9%85%d8%b1\/\">will look into<\/a> an appeal by Adeptio AD Investments against a Financial Regulatory Authority to submit a mandatory tender offer (MTO) for Americana Egypt.<\/p>\n<p>3-5 February 2020: <a href=\"https:\/\/www.facebook.com\/aaif2020\">The Arab-African International Forum<\/a>, Jeddah, Saudi Arabia<\/p>\n<p>4 February (Tuesday): Court hearing for PTT Energy Resources\u2019 <a href=\"https:\/\/enterprise.press\/stories\/2019\/05\/06\/thailands-ptt-energy-resources-files-usd-1-bn-lawsuit-against-govt-over-emg\/\">USD 1 bn lawsuit against Egyptian government<\/a><\/p>\n<p>8 February 2020 (Saturday): Midterm break ends. Traffic in Cairo stinks once more.<\/p>\n<p>11-13 February 2020 (Tuesday-Thursday): <a href=\"https:\/\/www.egyps.com\/\">Egypt Petroleum Show<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>March 2020: <a href=\"http:\/\/www.menafatf.org\/about\">The Middle East and North Africa Financial Action Task Force<\/a> (MENAFATF) <a href=\"https:\/\/almalnews.com\/%d9%85%d8%ac%d9%85%d9%88%d8%b9%d8%a9-%d8%a7%d9%84%d8%b9%d9%85%d9%84-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%8a-%d8%aa%d8%b2%d9%88%d8%b1-%d9%85%d8%b5%d8%b1-%d9%85%d8%a7%d8%b1%d8%b3-%d8%a7%d9%84%d9%85%d9%82\/\">will visit<\/a> Egypt.<\/p>\n<p>1 March 2020: <a href=\"https:\/\/www.youm7.com\/story\/2019\/11\/28\/%D8%B1%D8%A6%D9%8A%D8%B3-%D8%BA%D8%B1%D9%81%D8%A9-%D8%A7%D9%84%D8%A5%D8%B3%D9%83%D9%86%D8%AF%D8%B1%D9%8A%D8%A9-%D8%A7%D9%84%D8%AA%D8%AC%D8%A7%D8%B1%D9%8A%D8%A9-%D9%85%D8%B5%D8%B1-%D8%AA%D8%B3%D8%AA%D8%B6%D9%8A%D9%81-%D9%85%D8%A4%D8%AA%D9%85%D8%B1%D8%A7-%D8%AF%D9%88%D9%84%D9%8A%D8%A7-%D8%B9%D9%86-%D8%A7%D9%84%D9%84%D9%88%D8%AC%D8%B3%D8%AA%D9%8A%D8%A7%D8%AA\/4516709\">A conference<\/a> on \u201clogistics and its impact on the movement of goods and industry,\u201d venue TBD, Alexandria.<\/p>\n<p>4-5 March 2020 (Wednesday-Thursday): <a href=\"http:\/\/enterprise.press\/wp-content\/uploads\/2019\/10\/Press-Release-26th-Annual-Women-Economic-Forum-March-2020-Cairo-Egypt.pdf\">Women Economic Forum<\/a>, Cairo.<\/p>\n<p>25-26 March 2020 (Wednesday-Thursday): <a href=\"http:\/\/www.megaprojectsconf.com\/\">Mega Projects Conference<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>12 April 2020 (Sunday): Easter Sunday<\/p>\n<p>20 April 2020 (Monday): Sham El Nessim, national holiday.<\/p>\n<p>23 April 2020 (Thursday): First day of Ramadan (TBC).<\/p>\n<p>23-26 May 2020 (Saturday-Tuesday): Eid El Fitr (TBC).<\/p>\n<p>25 April 2020 (Saturday): Sinai Liberation Day, national holiday.<\/p>\n<p>5-7 May 2020 (Tuesday-Thursday): <a href=\"https:\/\/www.afsic.net\/\">AFSIC - Investing in Africa<\/a>, London, United Kingdom.<\/p>\n<p>17-20 June 2020 (Wednesday-Saturday): <a href=\"https:\/\/www.automech-formula.com\/en\/home.html\">2019 Automech Formula car expo<\/a>, Egypt International Exhibition Center, Cairo.<\/p>\n<p>30 June 2020 (Sunday): June 2013 protests anniversary, national holiday.<\/p>\n<p>November 2020: Egypt <a href=\"http:\/\/gate.ahram.org.eg\/News\/2284801.aspx\">will host simultaneously<\/a> the International Capital Market Association\u2019s emerging market, and Africa and Middle East meetings.<\/p>\n<p>30 July 2020-3 August 2020 (Thursday-Monday): Eid El Adha (TBC), national holiday.<\/p>\n<p>20 August 2020 (Wednesday-Thursday): Islamic New Year (TBC), national holiday.<\/p>\n<p>6 October 2020 (Tuesday): Armed Forces Day, national holiday.<\/p>\n<p>29 October 2020 (Thursday): Prophet Mohamed\u2019s birthday (TBC), national holiday.<\/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":590638,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-590637","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"9b942e6a-046f-4992-9e37-55a7bcf0240c","teaser":"","photo_url":"https:\/\/ent.news\/2020\/3\/48.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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