{"id":591604,"date":"2019-12-11T04:23:48","date_gmt":"2019-12-11T04:23:48","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=591604"},"modified":"2025-12-16T16:36:36","modified_gmt":"2025-12-16T16:36:36","slug":"inflation-rises-in-november-for-the-first-time-since-may","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/inflation-rises-in-november-for-the-first-time-since-may\/","title":{"rendered":"Inflation rises in November for the first time since May"},"content":{"rendered":"<section id=\"591606\" 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=\"591606\">\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\/11\/what-were-tracking-on-11-december-2019\/\">\r\n                            What we\u2019re tracking on 11 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\/11\/what-were-tracking-on-11-december-2019\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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category-what-were-tracking-today tag-cib tag-egx tag-enterpriseam tag-gcc tag-hisham-ezz-al-arab tag-inflation tag-ipo-watch tag-jumia tag-qatar tag-rameda-pharma tag-saudi-arabia 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><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>Today will largely be shaped by how two IPOs will fare in their market debuts.<\/strong> Here at home, <strong>Rameda Pharma<\/strong> shares will begin trading under the ticker RMDA today, marking the second and last IPO for Egypt in 2019.<\/p><p><strong>Meanwhile, the international press will be closely watching the long-awaited start of trading on Saudi Aramco.<\/strong> Crown Prince Mohammed bin Salman isn\u2019t giving up on that USD 2 tn valuation, with the kingdom apparently still pushing Saudi\u2019s wealthiest families and institutions to pile into Aramco\u2019s shares once they hit the Tadawul, <a href=\"https:\/\/www.ft.com\/content\/0043ccf6-1b42-11ea-97df-cc63de1d73f4\">according to the Financial Times<\/a>.<\/p><p><strong>The <\/strong><strong><a href=\"https:\/\/www.aswanforum.org\/\">Aswan Forum for Sustainable Peace and Development<\/a><\/strong><strong> kicks off today.<\/strong> Government ministers, senior foreign officials and representatives from international institutions are gathering in Aswan for the two-day gathering, which will discuss ways to reduce conflict in Africa and help countries meet their sustainable development goals.<\/p><hr class=\"grey-line\"><p><strong>On legendary central banker Paul Volcker\u2019s Cairo connection: <\/strong>Paul Volcker, the former US Fed boss who passed away earlier this week at age 92 (and who enshrined the role of central bank chairs as leaders who solve economic problems regardless of political considerations) had a Cairo connection that will surprise many readers: He was senior advisor to CIB\u2019s board of directors for a three-year period ending in 2008.<\/p><p><strong>CIB Chairman Hisham Ezz El Arab eulogized Volcker in an email to staff yesterday<\/strong>, a copy of which Enterprise obtained. Ezz El Arab, who said he counts Volcker as a friend and mentor, last saw the former Fed chairman turned global troubleshooter in March of this year. He noted in particular Volcker\u2019s wise counsel to the CIB board and leadership in helping create the bank\u2019s employee stock ownership program. <a href=\"http:\/\/enterprise.press\/wp-content\/uploads\/2019\/12\/On-the-passing-of-our-friend-and-former-colleague-Paul-Volcker.pdf\">You can read the full text of Ezz El Arab\u2019s email here (pdf).<\/a><\/p><p class=\"web-image stand-out-borderless\"><a href=\"http:\/\/somabay.com\/\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/12\/Spa-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p><p><strong>Jumia on the rocks:<\/strong> African e-commerce giant Jumia has announced it will close shop in Rwanda, only weeks after exiting Cameroon and Tanzania, <a href=\"https:\/\/www.ft.com\/content\/a4f6ee1e-182b-11ea-9ee4-11f260415385\">the Financial Times reports<\/a>. The company\u2019s share price has plunged 90% from its peak in July as it struggles to cope with the realities of running an e-commerce business on a continent with limited infrastructure, a lack of trust of internet services, and weak logistics.<\/p><p><strong>In global miscellany:<\/strong><\/p><ul>\n<li><strong>US Democrats have officially filed two impeachment articles against The <\/strong><strong>Donald<\/strong>, marking the fourth time this has happened in the country\u2019s history, <a href=\"https:\/\/www.wsj.com\/articles\/house-democrats-announce-two-articles-of-impeachment-11575987219?mod=hp_lead_pos1\">the Wall Street Journal reports<\/a>. Trump could be impeached as early as next week, setting up a trial in the Senate early in January, the <a href=\"https:\/\/www.nytimes.com\/2019\/12\/10\/us\/politics\/trump-impeachment-articles.html\">New York Times<\/a> suggests.<\/li>\n<li><strong>The US, Canada, and Mexico have agreed on a new trade pact to replace NAFTA<\/strong>, <a href=\"https:\/\/www.reuters.com\/article\/us-usa-trade-mexico\/agreement-reached-by-u-s-canada-and-mexico-again-to-replace-nafta-idUSKBN1YE1RO\">according to Reuters.<\/a> The new agreement, which will be known as the United States, Mexico, Canada Trade Agreement (USMCA), would create new rules for e-commerce and add new intellectual property protection measures, among other stipulations. The <a href=\"https:\/\/www.washingtonpost.com\/business\/economy\/house-democrats-say-they-back-trumps-revised-trade-deal-with-canada-and-mexico-citing-recent-changes\/2019\/12\/10\/46cd0662-1b4f-11ea-8d58-5ac3600967a1_story.html\">Washington Post<\/a> has the full rundown and a list of <a href=\"https:\/\/www.washingtonpost.com\/business\/2019\/12\/10\/winners-losers-final-usmca-deal\/\">winners and losers.<\/a><\/li>\n<li><strong>Qatar PM in Riyadh:<\/strong> Qatari Prime Minister Sheikh Abdullah Bin Nasser Al Thani attended an annual gathering of Gulf monarchs in Riyadh in what may be the latest sign that tensions between Saudi Arabia and the island state are thawing, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-12-10\/qatar-emir-to-skip-gulf-summit-sends-prime-minister-instead?srnd=premium-middle-east\">Bloomberg reports<\/a>.<\/li>\n<li><strong>Voters in the UK are headed to the polls tomorrow in a general election <\/strong>and the Tories appear likely to form a government, a large poll suggests. (<a href=\"https:\/\/www.theguardian.com\/politics\/2019\/dec\/10\/final-scramble-for-votes-in-most-important-election-in-a-generation\">Guardian<\/a>)<\/li>\n<\/ul><hr class=\"grey-line\"><p><strong><a href=\"https:\/\/twitter.com\/MerriamWebster\/status\/1204374900393304064\">Merriam-Webster\u2019s Word of the Year<\/a><\/strong><strong>: \u201cthey.\u201d<\/strong> Increasing awareness of nonbinary gender issues has sparked curiosity around use of the word, leading to a 313% y-o-y increase in look-ups on the dictionary\u2019s website. Runner-ups included \u201cquid pro quo,\u201d \u201cimpeach,\u201d \"crawdad,\u201d \u201csnitty,\u201d and the fantastic \u201ctergiversation.\u201d<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cib\/\">CIB<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gcc\/\">GCC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hisham-ezz-al-arab\/\">Hisham Ezz Al Arab<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/inflation\/\">inflation<\/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\/jumia\/\">Jumia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/qatar\/\">Qatar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/rameda-pharma\/\">Rameda Pharma<\/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\/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=\"591607\" 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\" 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     <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-uivr6xg\" data-v=\"4\" data-block-id=\"uivr6xg\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-uivr6xg-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-uivr6xg-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\" 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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-a9m7zig\" data-v=\"4\" data-block-id=\"a9m7zig\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-a9m7zig-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-a9m7zig-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-vjb41x3\" data-v=\"4\" data-block-id=\"vjb41x3\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-vjb41x3-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-vjb41x3-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 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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=\"591608\" 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=\"591608\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/11\/egypts-role-in-africa-dominates-the-airwaves\/\">\r\n                            Egypt\u2019s role in Africa dominates the airwaves                        <\/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\/11\/egypts-role-in-africa-dominates-the-airwaves\/\" 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\/11\/egypts-role-in-africa-dominates-the-airwaves\/')\">\n                    Copy Link  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target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2019\/12\/11\/egypts-role-in-africa-dominates-the-airwaves\/&title=Egypt\u2019s role in Africa dominates the airwaves\">\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%E2%80%99s+role+in+Africa+dominates+the+airwaves+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F12%2F11%2Fegypts-role-in-africa-dominates-the-airwaves%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\/11\/egypts-role-in-africa-dominates-the-airwaves\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-591608\" class=\"content-area-description single-story post-591608 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-africa tag-african-continental-free-trade-area tag-african-union tag-cyril-ramaphosa tag-diplomacy tag-enterprise-last-nights-talk-shows tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Egypt\u2019s role in Africa was the topic du jour on the airwaves last night<\/strong> as the Aswan Forum for Sustainable Peace and Development in the continent is set to begin today. The talking heads covered everything from President <a href=\"https:\/\/bit.ly\/34cEWLM\">Abdel Fattah El Sisi\u2019s meeting<\/a> with South African President Cyril Ramaphosa to talk trade and investment, to Egypt\u2019s activities during its year-long presidency of the African Union.<\/p>\n<p><strong>El Sisi and Ramaphosa discussed infrastructure development projects in Africa<\/strong> such as the Cairo-Cape Passage project, continental security and regional integration, Al Hayah Al Youm\u2019s Lobna Assal <a href=\"https:\/\/youtu.be\/sYIWX8Pda4I\">(watch, runtime: 2:24)<\/a>, Min Masr\u2019s Amr Khalil<a href=\"https:\/\/www.youtube.com\/watch?v=S2X8b40EJaU\"><\/a><a href=\"https:\/\/www.youtube.com\/watch?v=S2X8b40EJaU\">(watch, runtime: 1:57)<\/a>, and Masaa DMC reported <a href=\"https:\/\/youtu.be\/Yb00Q0CbffQ\">(watch, runtime: 1:26)<\/a>. The projects are a particular priority due to this year\u2019s launch of the <a href=\"https:\/\/enterprise.press\/stories\/2019\/07\/08\/afcftas-operational-phase-launched-at-au-summit\/\">African Continental Trade Area (AfCFTA)<\/a>.<\/p>\n<p><strong>The Aswan forum will bring together several African leaders and will see the formal inauguration of the Benban solar power park<\/strong>, Egypt\u2019s ambassador to Ethiopia Osama Abdel Khalek told Masaa DMC (<a href=\"https:\/\/www.youtube.com\/watch?v=2zJlaKwLqJ4&t=27s\">watch, runtime: 5:07<\/a> and <a href=\"https:\/\/youtu.be\/-BTkfL8clD4\">runtime: 2:08<\/a>).<\/p>\n<p><strong>Egypt will continue engaging with its partners on the continent after its presidency of the AU expires<\/strong>, but the government has worked to make the year-long leadership term fruitful, former diplomat Ahmed Hagag told Assal<a href=\"https:\/\/youtu.be\/hrUsbvKtJMg\"><\/a><a href=\"https:\/\/youtu.be\/hrUsbvKtJMg\">(watch, runtime: 3:42)<\/a>. (South Africa takes over the leadership of the African Union in 2020; the chair of the AU for 2021 is likely to be decided in February.)<\/p>\n<p><strong>Meanwhile, inflation figures earned some airtime on Masaa DMC<\/strong>, with finance professor Mostafa Badra saying that the overall deceleration this year has contributed to improving the country\u2019s economic well-being <a href=\"https:\/\/youtu.be\/K7vM8Yg-V6c\">(watch, runtime: 4:32)<\/a>. We have the full story in this morning\u2019s Speed Round, below<\/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\/african-continental-free-trade-area\/\">African Continental Free Trade Area<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/african-union\/\">African Union<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cyril-ramaphosa\/\">Cyril Ramaphosa<\/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\/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=\"591609\" 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=\"591609\">\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\/11\/591609\/\">\r\n                                                    <\/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\/11\/591609\/\" 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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And even if we were so blessed, there are long stretches of the year in which the temperature dictates looking elsewhere for entertainment.<\/p>\n<p>Perhaps more than anything else, <strong>that\u2019s why the narrative on malls in MENA is so different from the one in Western markets<\/strong>. Across the pond, it\u2019s about declining same-store sales and contracting gross leasable area. Blogs and haunting <a href=\"https:\/\/www.businessinsider.com\/american-retail-apocalypse-in-photos-2018-1\">photography<\/a> of <a href=\"http:\/\/www.deadmalls.com\/stories.html\">dead malls<\/a> are literally a thing. In our corner of the world, the story is growth \u2014 as anyone brave enough to venture near a shopping mall on \u201cBlack Friday\u201d discovered.<\/p>\n<p><strong>Egypt\u2019s newest mall is the USD 580 mn City Center Almaza<\/strong>, Majid Al Futtaim\u2019s latest flagship, which opened last Thursday <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/08\/majid-al-futtaim-to-invest-egp-44-bn-in-egypt-inaugurates-usd-580-mn-city-center-almaza-7915\/\">(see our past coverage here)<\/a>.<\/p>\n<p><strong>MAF prides itself on providing a regional platform for brands<\/strong> including Carrefour, Apple, Tods and C\u00e9line. MAF is unusual by any measure: A home-grown retail giant, it is privately held but both governed and managed independent of the founding family and has been an investment-grade company independently rated by Fitch for seven years now.<\/p>\n<p><strong>After expanding out of the Emirates, its top line is now north of USD 8 bn annually <\/strong>and it is on track to turn in EBITDA of more than USD 1.2 bn this year. With an asset base of some USD 13 bn, it has 26 shopping malls spanning from the UAE to Egypt, with a portfolio of own brands including Vox Cinemas and license agreements with global names including Carrefour. Some 7,000 of MAF\u2019s 45,000 employees are in Egypt; there\u2019s a big Egyptian presence in MAF\u2019s top ranks, and 99% of the team in Egypt is Egyptian.<\/p>\n<p><strong>Among them is MAF Properties CEO Ahmed Ismail (<\/strong><strong><a href=\"https:\/\/www.majidalfuttaim.com\/who-we-are\/executive-leadership\/board-of-directors\">bio<\/a><\/strong><strong>)<\/strong>, a 13-year MAF veteran tapped to lead Majid Al Futtaim Properties a year ago. Prior to his appointment as CEO, Ismail served as the CEO of Majid Al Futtaim Ventures for 10 years overseeing seven business verticals including fashion retail, leisure and entertainment, cinemas, financial services and facilities management. He was a principal with Booz Allen Hamilton in Dubai before joining MAF.<\/p>\n<p><strong>Edited excerpts <\/strong>of our conversation:<\/p>\n<p><strong>Enterprise: What\u2019s Egypt to MAF?<\/strong><\/p>\n<p><strong>Ahmed Ismail:<\/strong> We are long-term investors, full stop. Egypt was our first market outside the UAE, and we take a 30-year view on the investment. It\u2019s how we think about growth. We\u2019ve invested EGP 26 bn here, up from the EGP 22 bn we projected when we attended the Egypt Economic Development Conference in Sharm El Sheikh back in 2015. We invested in the run-up to the float of the EGP, and we invested afterward.<\/p>\n<p><strong>E: That kind of horizon is challenging for many businesses.<\/strong><\/p>\n<p><strong>AI:<\/strong> Of course, but look at it this way: I read in Enterprise the other day that corporate earnings have now recovered to pre-devaluation levels in USD terms. That\u2019s so fast. And it\u2019s simple to see why: Look at the demographic trends. Look at the reform program. Look at the recovery in tourism. Our business in Egypt is growing in the double digits. Occupancy is north of 90% and we will have 37 mn visitors to our malls this year and are targeting 50 mn next year across our City Centers and flagships Almaza and Mall of Egypt. We have nearly 60 Carrefours in Egypt, and we are now aiming for 100.<\/p>\n<p>That\u2019s what we\u2019ve gotten out of taking a long-term view, and we\u2019ve sold that vision to our bondholders. We\u2019ve tapped capital markets with hybrid, Islamic, and traditional issuances at competitive rates for 10-year periods. Global investors understand the potential of the retail story in Egypt and the wider MENA region.<\/p>\n<p><strong>E: The business model must be calibrated to allow that, right?<\/strong><\/p>\n<p><strong>AI:<\/strong> Absolutely. As we expand into new markets, Carrefour is our beachhead. It\u2019s capital-light and allows us to understand our customers and benchmark the quantum of demand. First we gather the data, then we roll out the more capital intensive businesses.<\/p>\n<p><strong>E: One of the theses popular in Cairo is that retail demand will soften because disposable incomes have been eroded and consumers are now struggling to seek finance. What accounts for the durability of consumer sentiment?<\/strong><\/p>\n<p><strong>AI:<\/strong> We don\u2019t offer consumer credit, so I can\u2019t speak to that, but I do know that consumer debt as a fraction of GDP is very low. What we see is continual growth in traffic, and we\u2019re seeing our tenants report growth in sales that\u2019s beating inflation. The average basket is essentially keeping up with inflation, and the growth is being driven by more people coming in spending more time and purchasing. Getting the footfall is all about offering the right experience \u2014 then it becomes about conversion and average basket.<\/p>\n<p>We expect traffic at north of 50 mn visitors this year, and we\u2019ll see same-store growth of 12-15% this year. Store operators with great brands who take consumer experience seriously will do well, they\u2019ll see double-digit growth. Those who are less up-to-date will see contraction.<\/p>\n<p>We collect data \u2014 tenants offering high quality experience are doing double digits and those who focus less on customer experience and less up to date are contracting. Consumer demand is quite robust.<\/p>\n<p><strong>E: What are the global brands you do business with saying about Egypt right now?<\/strong><\/p>\n<p><strong>AI:<\/strong> A lot of the global brands now see Egypt as a very good growth opportunity. The turnaround in the economy and consumer sentiment in three years has really encouraged them to invest again in growth \u2014 and many brands not already here are now considering moving in. Nike opened their first flagship store in Egypt at Almaza; Zara brought their new retail concept to Egypt for the first time. Armani Exchange and Hugo Boss are opening their own stores.<\/p>\n<p>Brands on the luxury side are particularly encouraged by the turnaround in tourism, which is bringing a new type of visitor to Egypt who is spending more. Investing in retail and the infrastructure to support it isn\u2019t just an investment in retail \u2014 it\u2019s a critical part of Egypt\u2019s tourism infrastructure that will have more and more impact the more it\u2019s built out.<\/p>\n<p><strong>E: How does it feel to be in the brick and mortar business when e-commerce is coming for us all?<\/strong><\/p>\n<p><strong>AI:<\/strong> There\u2019s no question that online shopping is growing \u2014 it\u2019s easier to do when the total penetration is in the single digits. Many of our own brands have robust online presences, including Carrefour, Crate & Barrel and Vox. But it\u2019s a big question: How do we compete when anyone can order almost any piece of merchandise at a great price and have it delivered even the same day?<\/p>\n<p>It\u2019s simple: Customers in MENA don\u2019t only want merchandise. They long for social and entertainment experiences \u2014 and an experience that goes beyond the value of a shoe or bag or shirt. It\u2019s why we are a company that\u2019s all about experiences \u2014 in entertainment, in food and beverage, in cinemas. It\u2019s the same for our brand partners: When time-starved customers are looking to save time, they do it online. When they have time, it\u2019s about the experience and social interaction. Retailers and brands that don\u2019t understand that will find it difficult to compete.<\/p>\n<p><strong>E: Last question: Is it true you\u2019ve brought self-checkout to Egypt?<\/strong><\/p>\n<p><strong>AI:<\/strong> Yes, at Carrefour. Scan and go is now here and 10% of our sales are scan and go. The Egyptian consumer is hungry for the great retail experiences of the future.<\/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\/ahmed-galal-ismail\/\">Ahmed Galal Ismail<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/coffee-with\/\">Coffee With<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/majid-al-futtaim\/\">Majid Al Futtaim<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/retail\/\">retail<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"591633\" 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=\"591633\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/11\/egypt-in-the-news-on-11-december-2019\/\">\r\n                            Egypt in the news on 11 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\/11\/egypt-in-the-news-on-11-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\/11\/egypt-in-the-news-on-11-december-2019\/')\">\n                    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href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2019\/12\/11\/egypt-in-the-news-on-11-december-2019\/&title=Egypt in the news on 11 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+11+December+2019+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F12%2F11%2Fegypt-in-the-news-on-11-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\/11\/egypt-in-the-news-on-11-december-2019\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-591633\" class=\"content-area-description single-story post-591633 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-ancient-egypt tag-diplomacy tag-egypt-in-the-news tag-enterpriseam tag-ethiopia tag-gerd tag-mike-pompeo tag-sameh-shoukry wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Ancient Egyptian coneheads:<\/strong> The top story on Egypt in the foreign press this morning is an archaeological study that confirmed some Ancient Egyptian workers did, indeed, wear cup-sized cones on their heads, <a href=\"https:\/\/www.sciencemag.org\/news\/2019\/12\/these-mysterious-egyptian-head-cones-actually-existed-grave-find-reveals\">according to Science Magazine<\/a>.<\/p>\n<p>Elsewhere, Al Monitor <a href=\"https:\/\/www.al-monitor.com\/pulse\/originals\/2019\/12\/intel-us-sponsored-nile-talks-egypt-ethiopia-sudan.html\">breaks down the<\/a><strong><a href=\"https:\/\/www.al-monitor.com\/pulse\/originals\/2019\/12\/intel-us-sponsored-nile-talks-egypt-ethiopia-sudan.html\">significance<\/a><\/strong><strong> of the Grand Ethiopian Renaissance Dam talks<\/strong> held in Washington for Egypt, and <a href=\"https:\/\/www.al-monitor.com\/pulse\/originals\/2019\/12\/pressure-mount-egypt-release-detained-americans-pompeo.html#ixzz67jgSMgPM\">reports<\/a> that US Secretary of State Mike Pompeo nudged Foreign Minister Sameh Shoukry on a <strong>US citizen detained in Egypt<\/strong>.<\/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\/ancient-egypt\/\">Ancient Egypt<\/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\/ethiopia\/\">Ethiopia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gerd\/\">GERD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mike-pompeo\/\">Mike Pompeo<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sameh-shoukry\/\">Sameh Shoukry<\/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=\"591634\" 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=\"591634\">\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\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/11\/nrea-reviews-vestas-bid-for-250-mw-ras-ghareb-wind-plant\/\">\r\n                            NREA reviews Vestas\u2019 bid for 250 MW Ras Ghareb wind plant                        <\/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\/11\/nrea-reviews-vestas-bid-for-250-mw-ras-ghareb-wind-plant\/\" target=\"_blank\">\n                    Open in new tab                    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target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=NREA reviews Vestas\u2019 bid for 250 MW Ras Ghareb wind plant&url=https:\/\/enterpriseam.com\/egypt\/2019\/12\/11\/nrea-reviews-vestas-bid-for-250-mw-ras-ghareb-wind-plant\/\">\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\/11\/nrea-reviews-vestas-bid-for-250-mw-ras-ghareb-wind-plant\/&title=NREA reviews Vestas\u2019 bid for 250 MW Ras Ghareb wind plant\">\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=NREA+reviews+Vestas%E2%80%99+bid+for+250+MW+Ras+Ghareb+wind+plant+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F12%2F11%2Fnrea-reviews-vestas-bid-for-250-mw-ras-ghareb-wind-plant%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\/11\/nrea-reviews-vestas-bid-for-250-mw-ras-ghareb-wind-plant\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-591634\" class=\"content-area-description single-story post-591634 post type-post status-publish format-standard hentry category-energy tag-energy tag-enterpriseam tag-lekela-power tag-new-and-renewable-energy-authority tag-ras-ghareb tag-renewables tag-siemens tag-vestas-wind-systems wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The New and Renewable Energy Authority (NREA) is reviewing the offer Denmark\u2019s Vestas submitted in the tender to build a 250 MW wind energy plant in Ras Ghareb, and will make a decision within weeks, <a href=\"https:\/\/alborsaanews.com\/2019\/12\/10\/1274791\">sources told the local press<\/a>. Vestas is currently the only company bidding for the contract, after other bidders had either <a href=\"https:\/\/enterprise.press\/stories\/2019\/10\/10\/nrea-to-study-vestas-bid-for-250-mw-ras-ghareb-wind-plant-on-sunday\/\">retracted their offers or were not notified of its new date<\/a>. The plant is expected to cost EUR 260 mn and is being built for Lekela Egypt, which will operate it under a build-own-operate framework.<\/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\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/lekela-power\/\">Lekela Power<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/new-and-renewable-energy-authority\/\">New and Renewable Energy Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ras-ghareb\/\">Ras Ghareb<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/siemens\/\">Siemens<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/vestas-wind-systems\/\">Vestas Wind Systems<\/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=\"591635\" 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=\"591635\">\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\">Infrastructure<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/11\/elsewedy-subsidiary-signs-egp-638-4-mn-contract-with-al-futtaim\/\">\r\n                            Elsewedy subsidiary signs EGP 638.4 mn contract with Al Futtaim                        <\/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\/11\/elsewedy-subsidiary-signs-egp-638-4-mn-contract-with-al-futtaim\/\" 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\/11\/elsewedy-subsidiary-signs-egp-638-4-mn-contract-with-al-futtaim\/')\">\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\/11\/elsewedy-subsidiary-signs-egp-638-4-mn-contract-with-al-futtaim\/\">\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=Elsewedy subsidiary signs EGP 638.4 mn contract with Al Futtaim&url=https:\/\/enterpriseam.com\/egypt\/2019\/12\/11\/elsewedy-subsidiary-signs-egp-638-4-mn-contract-with-al-futtaim\/\">\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\/11\/elsewedy-subsidiary-signs-egp-638-4-mn-contract-with-al-futtaim\/&title=Elsewedy subsidiary signs EGP 638.4 mn contract with Al Futtaim\">\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=Elsewedy+subsidiary+signs+EGP+638.4+mn+contract+with+Al+Futtaim+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F12%2F11%2Felsewedy-subsidiary-signs-egp-638-4-mn-contract-with-al-futtaim%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\/11\/elsewedy-subsidiary-signs-egp-638-4-mn-contract-with-al-futtaim\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-591635\" class=\"content-area-description single-story post-591635 post type-post status-publish format-standard hentry category-infrastructure tag-elsewedy-electric tag-enterpriseam tag-infrastructure wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Elsewedy Electric subsidiary Rowad Modern Engineering signed an EGP 638.4 mn contract with Al Futtaim Commercial and Administrative Centers to construct two Podium 2 office buildings, <a href=\"https:\/\/ent.news\/2019\/12\/1325.pdf\">Elsewedy announced in a statement (pdf)<\/a>. The project is expected to be completed within 18 months.<\/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\/elsewedy-electric\/\">Elsewedy Electric<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"591636\" 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=\"591636\">\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\">Real Estate + Housing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/11\/sodic-unveils-vye-neighborhood-in-sheikh-zayed\/\">\r\n                            SODIC unveils Vye neighborhood in Sheikh Zayed                        <\/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\/11\/sodic-unveils-vye-neighborhood-in-sheikh-zayed\/\" 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\/11\/sodic-unveils-vye-neighborhood-in-sheikh-zayed\/')\">\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\/11\/sodic-unveils-vye-neighborhood-in-sheikh-zayed\/\">\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=SODIC unveils Vye neighborhood in Sheikh Zayed&url=https:\/\/enterpriseam.com\/egypt\/2019\/12\/11\/sodic-unveils-vye-neighborhood-in-sheikh-zayed\/\">\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\/11\/sodic-unveils-vye-neighborhood-in-sheikh-zayed\/&title=SODIC unveils Vye neighborhood in Sheikh Zayed\">\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=SODIC+unveils+Vye+neighborhood+in+Sheikh+Zayed+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F12%2F11%2Fsodic-unveils-vye-neighborhood-in-sheikh-zayed%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\/11\/sodic-unveils-vye-neighborhood-in-sheikh-zayed\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-591636\" class=\"content-area-description single-story post-591636 post type-post status-publish format-standard hentry category-real-estate-housing tag-enterpriseam tag-real-estate tag-real-estate-housing tag-sodic wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>SODIC has unveiled its Vye neighborhood in its new 500-acre development in Sheikh Zayed, <a href=\"https:\/\/ent.news\/2019\/12\/1990.pdf\">it said in a statement (pdf)<\/a>. Vye is the second of four new projects in Zayed this year after the company launched <a href=\"https:\/\/enterprise.press\/stories\/2019\/09\/17\/sodic-launches-new-west-cairo-project\/\">The Estates in September<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate\/\">real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate-housing\/\">Real Estate + Housing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sodic\/\">SODIC<\/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=\"591637\" 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=\"591637\">\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\">Automotive + Transportation<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/11\/electric-buses-to-be-pilot-tested-in-coming-days-aoi\/\">\r\n                            Electric buses to be pilot tested in coming days -AOI                        <\/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\/11\/electric-buses-to-be-pilot-tested-in-coming-days-aoi\/\" 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\/11\/electric-buses-to-be-pilot-tested-in-coming-days-aoi\/')\">\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\/11\/electric-buses-to-be-pilot-tested-in-coming-days-aoi\/\">\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=Electric buses to be pilot tested in coming days -AOI&url=https:\/\/enterpriseam.com\/egypt\/2019\/12\/11\/electric-buses-to-be-pilot-tested-in-coming-days-aoi\/\">\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\/11\/electric-buses-to-be-pilot-tested-in-coming-days-aoi\/&title=Electric buses to be pilot tested in coming days -AOI\">\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=Electric+buses+to+be+pilot+tested+in+coming+days+-AOI+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F12%2F11%2Felectric-buses-to-be-pilot-tested-in-coming-days-aoi%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\/11\/electric-buses-to-be-pilot-tested-in-coming-days-aoi\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-591637\" class=\"content-area-description single-story post-591637 post type-post status-publish format-standard hentry category-automotive-transportation tag-arab-organization-for-industrialization tag-automotive-transportation tag-china tag-enterpriseam tag-evs wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Twelve Egyptian and international consortiums setting up a smart transportation system of electric buses will begin a pilot test within days, said Mohamed Anis, advisor to the Chairman of the Arab Organization for Industrialization (AOI), <a href=\"https:\/\/alborsaanews.com\/2019\/12\/10\/1274594\">according to the local press<\/a>. The test period will be for three months and the government will use it to decide how many vehicles it needs to produce. The AOI is in talks with international companies including Volkswagen and Toyota to manufacture the buses, which will operate in the new administrative capital and other new cities under construction.<\/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\/arab-organization-for-industrialization\/\">Arab Organization for Industrialization<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/automotive-transportation\/\">Automotive + Transportation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/evs\/\">EVs<\/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=\"591638\" 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=\"591638\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">Banking + Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/11\/fra-could-lower-admission-fees-for-new-federation-for-securities\/\">\r\n                            FRA could lower admission fees for new Federation for Securities                        <\/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\/11\/fra-could-lower-admission-fees-for-new-federation-for-securities\/\" 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\/11\/fra-could-lower-admission-fees-for-new-federation-for-securities\/')\">\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\/11\/fra-could-lower-admission-fees-for-new-federation-for-securities\/\">\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=FRA could lower admission fees for new Federation for Securities&url=https:\/\/enterpriseam.com\/egypt\/2019\/12\/11\/fra-could-lower-admission-fees-for-new-federation-for-securities\/\">\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\/11\/fra-could-lower-admission-fees-for-new-federation-for-securities\/&title=FRA could lower admission fees for new Federation for Securities\">\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=FRA+could+lower+admission+fees+for+new+Federation+for+Securities+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F12%2F11%2Ffra-could-lower-admission-fees-for-new-federation-for-securities%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\/11\/fra-could-lower-admission-fees-for-new-federation-for-securities\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-591638\" class=\"content-area-description single-story post-591638 post type-post status-publish format-standard hentry category-banking-finance tag-banking-finance tag-enterpriseam tag-non-banking-financial-services wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The Financial Regulatory Authority (FRA) is mulling reducing the EGP 25k admission fee for the newly-launched Federation for Securities to increase membership, <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=10122019&id=ca5881be-6872-4d5d-97b0-962e7ca27d1e\">according to a FRA source<\/a>. Membership levels have so far fallen short of initial targets, the source said, adding that the regulator is looking to encourage more companies to become part of the organization. We noted in October that the FRA has received over 90 membership requests since <a href=\"https:\/\/enterprise.press\/stories\/2019\/03\/03\/egypt-gets-its-first-federation-for-securities\/\">it established the federation<\/a> in March.<\/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\/banking-finance\/\">BANKING + FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/non-banking-financial-services\/\">non-banking financial services<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"591639\" 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=\"591639\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/11\/itida-riseup-announce-winners-of-african-app-launchpad-cup\/\">\r\n                            ITIDA, RiseUp announce winners of African App Launchpad Cup                        <\/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 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class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2019\/12\/11\/itida-riseup-announce-winners-of-african-app-launchpad-cup\/\">\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=ITIDA, RiseUp announce winners of African App Launchpad Cup&url=https:\/\/enterpriseam.com\/egypt\/2019\/12\/11\/itida-riseup-announce-winners-of-african-app-launchpad-cup\/\">\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\/11\/itida-riseup-announce-winners-of-african-app-launchpad-cup\/&title=ITIDA, RiseUp announce winners of African App Launchpad Cup\">\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=ITIDA%2C+RiseUp+announce+winners+of+African+App+Launchpad+Cup+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F12%2F11%2Fitida-riseup-announce-winners-of-african-app-launchpad-cup%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\/11\/itida-riseup-announce-winners-of-african-app-launchpad-cup\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/12\/1259.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"591640\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/11\/itida-riseup-announce-winners-of-african-app-launchpad-cup\/1259-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/12\/1259.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1259.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/12\/1259.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/12\/1259.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-591639\" class=\"content-area-description single-story post-591639 post type-post status-publish format-standard has-post-thumbnail hentry category-on-your-way-out tag-enterpriseam tag-entrepreneurship tag-gaming tag-itida tag-startups wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>ITIDA, RiseUp announce winners of African App Launchpad Cup:<\/strong> The Information Technology Industry Development Agency (ITIDA) and RiseUp announced the winners of the African App Launchpad Cup on the last day of the RiseUp Summit, with USD 60k divided in cash prizes between six winners, <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/3\/12\/357288\/Business\/Economy\/ITIDA,-RiseUp-announce-African-App-Launchpad-compe.aspx\">Ahram Online reports<\/a>. <a href=\"https:\/\/www.agora-egypt.com\/\">Agora<\/a>, <a href=\"https:\/\/bouita.com\/\">Bouita<\/a>, <a href=\"http:\/\/www.arcaniumstudios.com\/\">Arcanium Studios<\/a>, 247Medic, <a href=\"https:\/\/findmefootball.com\/\">Find Me Football<\/a> and <a href=\"https:\/\/alkottab.co\/beta\/\">Alkottab Game Studio<\/a> were chosen from 28 finalists representing over nine countries across Africa.<\/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\/entrepreneurship\/\">entrepreneurship<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gaming\/\">gaming<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/itida\/\">ITIDA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startups\/\">startups<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"591641\" 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=\"591641\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/11\/the-market-yesterday-226\/\">\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\/11\/the-market-yesterday-226\/\" 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\/11\/the-market-yesterday-226\/')\">\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\/11\/the-market-yesterday-226\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=The Market Yesterday&url=https:\/\/enterpriseam.com\/egypt\/2019\/12\/11\/the-market-yesterday-226\/\">\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\/11\/the-market-yesterday-226\/&title=The Market Yesterday\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=The+Market+Yesterday+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F12%2F11%2Fthe-market-yesterday-226%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\/11\/the-market-yesterday-226\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-591641\" class=\"content-area-description single-story post-591641 post type-post status-publish format-standard hentry category-the-market-yesterday tag-enterpriseam tag-the-market-yesterday wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><p><strong>EGP \/ USD CBE market average: <\/strong>Buy 16.08 | Sell 16.20<\/p>\n<p> <strong>EGP \/ USD at CIB:<\/strong> Buy 16.08 | Sell 16.18<\/p>\n<p> <strong>EGP \/ USD at NBE: <\/strong>Buy 16.07 | Sell 16.17<\/p>\n<p><strong>EGX30<\/strong> (Tuesday): 13,509 (+0.05%)<\/p>\n<p> <strong>Turnover:<\/strong> EGP 1.2 bn (65% above the 90-day average)<\/p>\n<p> <strong>EGX 30 year-to-date<\/strong>: +3.6%<\/p>\n<p><strong>THE MARKET ON TUESDAY:<\/strong> The EGX30 ended Tuesday\u2019s session up 0.5%. CIB, the index\u2019s heaviest constituent, ended up 0.7%. EGX30\u2019s top performing constituents were CIRA up 4.0%, Egyptian Iron and Steel up 2.9%, and Ezz Steel up 2.2%. Yesterday\u2019s worst performing stocks were Ibnsina Pharma down 1.3%, Egypt Kuwait Holding down 1.3% and Credit Agricole down 0.9%. The market turnover was EGP 1.2 bn, and foreign investors were the sole net sellers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Short | EGP -54.4 mn<\/p>\n<p> <strong>Regional<\/strong>: Net Long | EGP +1.7 mn<\/p>\n<p> <strong>Domestic<\/strong>: Net Long | EGP +52.7 mn<\/p>\n<p><strong>Retail<\/strong>: 44.0% of total trades | 45.0% of buyers | 43.0% of sellers<\/p>\n<p> <strong>Institutions<\/strong>: 56.0% of total trades | 55.0% of buyers | 57.0% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 59.12 (+0.17%)<\/p>\n<p> <strong>Brent:<\/strong> USD 64.17 (-0.12%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 2.27 MMBtu (+1.48%, January 2020 contract)<\/p>\n<p> <strong>Gold:<\/strong> USD 1,468.90 \/ troy ounce (+0.27%)<\/p>\n<p><strong>TASI:<\/strong> 8,066.42 (-0.66%) (YTD: +3.06%)<\/p>\n<p> <strong>ADX:<\/strong> 5,020.13 (-0.06%) (YTD: +2.14%)<\/p>\n<p> <strong>DFM:<\/strong> 2,687.61 (+0.12%) (YTD: +6.24%)<\/p>\n<p> <strong>KSE Premier Market:<\/strong> 6,748.72 (+0.02%)<\/p>\n<p> <strong>QE:<\/strong> 10,316.99 (+0.39%) (YTD: +0.17%)<\/p>\n<p> <strong>MSM:<\/strong> 4,017.61 (-0.08%) (YTD: -7.08%)<\/p>\n<p> <strong>BB: <\/strong>1,549.77 (+0.02%) (YTD: +15.89%)<\/p><\/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\/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=\"591642\" 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\/11\/591642\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-591642\" class=\"content-area-description single-story post-591642 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%82%d8%b7%d8%a7%d8%b9-%d8%a7%d9%84%d8%a3%d8%b9%d9%85%d8%a7%d9%84-%d9%88%d9%81%d8%af-%d8%b5%d9%8a%d9%86%d9%89-%d9%8a%d8%b2%d9%88%d8%b1-%d9%85%d8%b5%d8%b1-%d8%a7%d9%84%d8%b4%d9%87%d8%b1\/\">A Chinese automotive company delegation will visit Egypt<\/a> to sign an agreement with El Nasr Automotive Manufacturing Company.<\/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>2-13 December (Monday- Friday) The COP25 Climate Change Conference, Madrid<\/p>\n<p>9-11 December (Monday-Wednesday): <a href=\"http:\/\/www.pacprocess-mea.com\/\">Pacprocess Middle East Africa<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>9-11 December (Monday-Wednesday): <a href=\"http:\/\/www.foodafrica-expo.com\/\">Food Africa 2019 Expo<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>10-11 December (Tuesday-Wednesday): US Federal Open Market Committee will hold its two-day policy meeting to review the interest rate.<\/p>\n<p>11 December (Wednesday): First day of trading on the Aramco IPO.<\/p>\n<p>11-12 December (Wednesday-Thursday): \u201c<a href=\"http:\/\/www.cabinet.gov.eg\/Arabic\/MediaCenter\/CabinetNews\/Pages\/%D8%A7%D8%AC%D8%AA%D9%85%D8%A7%D8%B9-%D9%85%D8%AC%D9%84%D8%B3-%D8%A7%D9%84%D9%88%D8%B2%D8%B1%D8%A7%D8%A1-%D8%B1%D9%82%D9%85--66--%D8%A8%D8%B1%D8%A6%D8%A7%D8%B3%D8%A9-%D8%A7%D9%84%D8%AF%D9%83%D8%AA%D9%88%D8%B1-%D9%85%D8%B5%D8%B7%D9%81%D9%89-%D9%85%D8%AF%D8%A8%D9%88%D9%84%D9%8A-.aspx\">Forum on peace and sustainability in Africa<\/a>,\u201d Aswan.<\/p>\n<p>12-14 December (Thursday-Saturday): 16 Egyptian real estate development companies will showcase their products at IPS Riyadh, Riyadh, Saudi Arabia.<\/p>\n<p>12-14 December (Thursday-Saturday): <a href=\"http:\/\/aeedccairo.com\/\">AEEDC Education Cairo<\/a> dentistry conference and exhibition, Royal Maxim Palace Kempinski Cairo.<\/p>\n<p>14-17 December (Saturday-Tuesday): <a href=\"https:\/\/wyfegypt.com\/\">World Youth Forum<\/a> 2019, Sharm El Sheikh.<\/p>\n<p>17-21 December (Tuesday-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>21-22 December (Saturday-Sunday): The irrigation ministers of Egypt, Sudan, and Ethiopia <a href=\"https:\/\/www.facebook.com\/mwrifb\/posts\/3295522253855619\">will hold<\/a> the third round of Grand Ethiopian Renaissance Dam negotiations in Khartoum, Sudan.<\/p>\n<p>26 December (Thursday): Central Bank of Egypt\u2019s monetary policy committee will meet to review interest rates.<\/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>9-12 January 2020 (Tuesday-Sunday): <a href=\"http:\/\/www.plastex-online.com\/\">PLASTEX<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>13 January 2020 (Monday): The irrigation ministers of Egypt, Sudan, and Ethiopia <a href=\"https:\/\/www.facebook.com\/mwrifb\/posts\/3295522253855619\">will hold<\/a> the fourth and final round of Grand Ethiopian Renaissance Dam negotiations in Washington, DC.<\/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>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 to assess the progress of actions taken to combat money laundering and terrorist sponsoring activities.<\/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>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>5-7 May 2020 (Tuesday-Thursday): <a href=\"https:\/\/www.afsic.net\/\">AFSIC - Investing in Africa<\/a>, London, United Kingdom.<\/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>19-20 August 2020 (Wednesday-Thursday): Islamic New Year (TBC), national holiday.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":591605,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-591604","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"eda156b1-1afa-463b-b726-85c7095e8545","teaser":"","photo_url":"https:\/\/ent.news\/2017\/8\/31.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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