{"id":591870,"date":"2019-12-19T04:20:40","date_gmt":"2019-12-19T04:20:40","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=591870"},"modified":"2025-12-16T16:46:11","modified_gmt":"2025-12-16T16:46:11","slug":"the-new-income-tax-and-customs-acts-are-coming-by-1h2020","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/the-new-income-tax-and-customs-acts-are-coming-by-1h2020\/","title":{"rendered":"The new income tax and customs acts are coming by 1H2020"},"content":{"rendered":"<section id=\"591872\" 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=\"591872\">\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\/19\/what-were-tracking-on-19-december-2019\/\">\r\n                            What we\u2019re tracking on 19 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\/19\/what-were-tracking-on-19-december-2019\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The UK lifted its flights to the resort destination <a href=\"https:\/\/enterprise.press\/stories\/2019\/10\/23\/uk-lifts-flight-ban-to-sharm-el-sheikh\/\">in October<\/a>.<\/p><p><strong>Oh, and Egypt has been named the top emerging destination for 2020 <\/strong>in a survey by <a href=\"https:\/\/ustoa.com\/press-releases\/top-travel-trends-2020\">the<\/a><a href=\"https:\/\/ustoa.com\/press-releases\/top-travel-trends-2020\">United States Tour Operators Association (USTOA)<\/a>, along with Croatia and Colombia. \u201cEgypt topping the list is the epitome of a destination comeback story,\u201d said USTOA boss Terry Dale. Italy ranked as the most popular destination for travelers in 2020, followed by France, Spain, Ireland, and Japan.<\/p><p><strong>Meanwhile: It\u2019s one week until interest rate day. <\/strong>The Central Bank of Egypt\u2019s Monetary Policy Committee meets a week from today. Analysts seem to be divided on whether the MPC will squeeze in another rate cut in its final meeting of 2019, particularly as <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/11\/inflation-rises-for-the-first-time-in-six-months-in-november-8270\/\">inflation rose<\/a> for the first time in six months in November. Look for our comprehensive interest rate poll next week for an in-depth analysis of the factors at play.<\/p><p class=\"web-image\"><a href=\"https:\/\/www.660citynews.com\/2019\/12\/13\/committee-passes-impeachment-articles-against-trump\/\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/12\/Trump-1600px.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p><p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>The story of the day, globally: The Donald has been impeached<\/strong>, which means he will become the third president in US history to face trial in the Senate in January after a vote last night in the House of Representatives. Trump stands charged with using his office for personal gain and with obstruction of Congress. Democratic lawmakers charge that Trump abused his power for personal gains by pressing the Ukraine to launch investigations into political rival Joe Biden and debunked theories that Kyiv (not Moscow) meddled in the 2016 US presidential election.<\/p><p><strong>What does it mean to be impeached?<\/strong> It\u2019s the first step in a two-step process in Congress through which lawmakers can bring what are effectively criminal charges against a sitting president. Now that he\u2019s been impeached, Trump goes on trial in the Senate. Only if he\u2019s convicted is he then removed from office.<\/p><p><strong>What\u2019s next? <\/strong>A trial in the Senate should start in January, but it\u2019s dominated by Republicans \u2014 meaning (a) we\u2019re looking at a very nasty trial and (b) Trump is unlikely to be removed from office. He\u2019ll be tried by a jury of 100 senators (there are 53 Republicans, 45 Democrats and two independents) and 67 of them need vote to convict for him to be turfed out of the White House. The Washington Post\u2019s video on the process back in September is <a href=\"https:\/\/www.youtube.com\/watch?v=PyLRfuq7e2E\">still worth watching (runtime: 2:48)<\/a>. Rather read than watch? This <a href=\"https:\/\/www.washingtonpost.com\/politics\/2019\/12\/18\/house-is-voting-impeach-trump-what-happens-next\/?arc404=true\">Washington Post primer<\/a> is just what you need.<\/p><p><strong>Read about it in <\/strong>the <a href=\"https:\/\/www.nytimes.com\/2019\/12\/18\/us\/politics\/trump-impeached.html\">New York Times<\/a> | <a href=\"https:\/\/www.politico.com\/news\/2019\/12\/18\/trump-impeachment-wednesday-house-vote-086512\">Politico<\/a> | <a href=\"https:\/\/www.axios.com\/trump-impeached-house-of-representatives-a685e463-57be-4b1f-a015-439234165db5.html\">Axios<\/a> | <a href=\"https:\/\/www.reuters.com\/article\/us-usa-trump-impeachment\/u-s-house-impeaches-donald-trump-for-abuse-of-power-obstruction-idUSKBN1YM173\">Reuters<\/a> | <a href=\"https:\/\/www.ft.com\/content\/5ba47138-21ad-11ea-b8a1-584213ee7b2b\">Financial Times<\/a> | <a href=\"https:\/\/www.wsj.com\/articles\/house-prepares-to-vote-on-impeaching-trump-11576667768\">Wall Street Journal<\/a> | <a href=\"https:\/\/www.cnbc.com\/2019\/12\/18\/trump-impeached-by-house-for-high-crimes-and-misdemeanors.html\">CNBC<\/a> | <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-12-19\/trump-impeached-by-u-s-house-on-abuse-of-power-charge?srnd=premium-middle-east\">Bloomberg<\/a><\/p><p><strong>*** Tell us what you think will happen in 2020 and maybe we\u2019ll send you an Enterprise<\/strong><strong> mug and our very own coffee:<\/strong> Your view on where the EGP will be next year is one of the key questions in our <strong>2020 Enterprise Reader Poll<\/strong>, which also asks you if your company is hiring, how optimistic you are about the economy in the new year, and other questions designed to take the pulse of our community. Tell us, and we\u2019ll share the results with the entire community in early January to help you shape your view of the year. The survey is quick, we promise.<\/p><p><strong><a href=\"https:\/\/www.surveymonkey.com\/survey-taken\/?sm=TsvCb5ZUMNhRB8GiOd6oBpXSqoxAQYMZmtPxczk3hP5LYHbut2MQKcKcDfR_2FpVJi107rGpnAfLEUV9ExrrYgGGsAsxpU736pe0MFQwEBpq4_3D\">You can take the Enterprise Reader Poll here.<\/a><\/strong><\/p><p><strong>As a token of our thanks, we\u2019re going to send 40 readers their very own Enterprise mug and a bag of our special coffee blend,<\/strong> produced in association with our friends at <a href=\"http:\/\/www.30north.coffee\/\">30 North<\/a>. Want a chance to get a mug of your own? Make sure you give us your name and complete contact information at the bottom of the survey.<\/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\/2265.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p><p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>New sulfur regulations will shake up the shipping industry in 2020 \u2014 and <\/strong><strong>they\u2019re good for Qalaa Holdings:<\/strong> New rules from the International Maritime Organization coming into effect on 1 January will force shipping companies to use less environmentally damaging fuels, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-12-17\/middle-east-ship-fuel-hub-pledges-gentle-start-to-imo-2020-rules?srnd=premium-middle-east\">Bloomberg<\/a> notes. Egypt is among the countries that haven\u2019t ratified the new regulations, meaning its ports will likely draw in regional shipping traffic from ships that have yet to comply with the rules. The IMO 2020 regulations are expected to drive down prices of noncompliant fuel \u2014 and will be a boon for demand on Qalaa Holdings\u2019 Egyptian Refining Company\u2019s low-sulphur fuel products and operating margins, Shuaa previously <a href=\"https:\/\/ent.news\/2019\/12\/1003.pdf\">said in a research note (pdf)<\/a>. That being said, the UAE, which Bloomberg notes is a \u201cvital Middle East shipping hub,\u201d will not immediately enforce penalties on noncompliant ships when the regulations come into effect.<\/p><p><strong>Fiat Chrysler and Peugeot agree mega-merger:<\/strong> Fiat Chrysler and France\u2019s PSA, the owner of Peugeot, have agreed to merge companies in a move that will create the world\u2019s fourth-largest auto company, <a href=\"https:\/\/www.wsj.com\/articles\/psa-board-backs-binding-merger-agreement-with-fiat-chrysler-11576605907\">according to the Wall Street Journal<\/a>. The transaction will be completed within the next 12 to 15 months and each group would own 50% of the new entity, which will boast revenues of EUR 170 bn and a 400k-strong workforce.<\/p><p><strong>Vodafone wants to make M-Pesa pan-African:<\/strong> Vodafone is planning to expand its Kenya-based M-Pesa peer-to-peer mobile money service into a financial platform operating throughout the continent, <a href=\"https:\/\/www.ft.com\/content\/c2bd2a8e-e07d-11e9-9743-db5a370481bc\">according to the Financial Times<\/a>. Vodafone aims to expand M-Pesa\u2019s business in the seven African countries where it already operates as well as enter new markets such as Ethiopia.<\/p><p><strong>A woman may yet lead Citigroup for the first time <\/strong>as Citigroup President Jane Fraser, 52, looks likely to succeed Mike Corbat as the investment bank\u2019s CEO. (<a href=\"https:\/\/www.ft.com\/content\/91636852-1b85-11ea-9186-7348c2f183af\">Financial Times<\/a>)<\/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\/central-bank-of-egypt\/\">Central Bank of Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/citigroup\/\">Citigroup<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ford\/\">Ford<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/interest-rates\/\">interest rates<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/monetary-policy\/\">monetary policy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/peugeot\/\">Peugeot<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/qalaa-holdings\/\">Qalaa Holdings<\/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=\"591875\" 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 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draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240922.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.hsbc.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27489.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Opening up a world of opportunity<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-e96n3rh\" data-v=\"4\" data-block-id=\"e96n3rh\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-e96n3rh-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-e96n3rh-inner-blocks\">\r\n    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stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-t33mdia-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240924.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.sodic.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27487.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Live More<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-7401xte\" data-v=\"4\" data-block-id=\"7401xte\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-7401xte-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-7401xte-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-vuah3zw\" data-v=\"4\" data-block-id=\"vuah3zw\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-vuah3zw-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-vuah3zw-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             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   <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\/19\/last-nights-talk-shows-for-thursday-19-december-2019\/\">\r\n                            Last night\u2019s talk shows for Thursday, 19 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\/19\/last-nights-talk-shows-for-thursday-19-december-2019\/\" 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class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Last+night%E2%80%99s+talk+shows+for+Thursday%2C+19+December+2019+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F12%2F19%2Flast-nights-talk-shows-for-thursday-19-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\/19\/last-nights-talk-shows-for-thursday-19-december-2019\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-591876\" class=\"content-area-description single-story post-591876 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-enterprise-last-nights-talk-shows tag-enterpriseam tag-libya tag-sharm-el-sheikh tag-tourism tag-turkey wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The anticipated arrival today of the first British flight to Sharm El Sheikh<\/strong> in four years was greeted with much fanfare by the nation\u2019s talking heads last night. Al Hayah Al Youm\u2019s Lobna Assal <a href=\"https:\/\/www.youtube.com\/watch?v=1Ogyzh282-s\">(watch, runtime: 1:03)<\/a> and Masaa DMC\u2019s Ramy Radwan each took note <a href=\"https:\/\/www.youtube.com\/watch?v=gGSwf3YL4rk\">(watch, runtime: 1:15)<\/a>.<\/p>\n<p><strong>The timing of British tourists\u2019 return to the Red Sea resort town is opportune<\/strong> and will push the industry to capitalize on the Central Bank of Egypt\u2019s recently-launched EGP 50 bn tourism support program to prepare for the expected influx of tourists, Chamber of Tourism Establishments member Magdy Sadek told Min Masr\u2019s Amr Khalil <a href=\"https:\/\/www.youtube.com\/watch?v=KM-bJz8excM\">(watch, runtime: 4:41)<\/a>. On a related note, French ambassador to Egypt Stephane Romatet said at a presser that an estimated 700k French tourists have visited Egypt this year, marking a recovery from the post-2011 period that saw French arrivals nosedive to 100k per year, Assal reported<a href=\"https:\/\/www.youtube.com\/watch?v=Plb1zqFuDfE\"><\/a><a href=\"https:\/\/www.youtube.com\/watch?v=Plb1zqFuDfE\">(watch, runtime: 5:38)<\/a>.<\/p>\n<p><strong>Veteran diplomat Ahmed Hagag explained how Egypt is looking to get the UN to denounce as illegitimate<\/strong> the recently signed Libya-Turkey maritime border demarcation agreement in a phone-in with Assal <a href=\"https:\/\/www.youtube.com\/watch?v=C2Ippol9YuA\"><\/a><a href=\"https:\/\/www.youtube.com\/watch?v=C2Ippol9YuA\">(watch, runtime: 6:53)<\/a>. Masaa DMC\u2019s Ramy Radwan also took note<a href=\"https:\/\/www.youtube.com\/watch?v=2udnKvRNM84\"><\/a><a href=\"https:\/\/www.youtube.com\/watch?v=2udnKvRNM84\">(watch, runtime: 3:00)<\/a>. We have the full story in this morning\u2019s Diplomacy + Foreign Trade, below.<\/p>\n<p><strong>Final bits of World Youth Forum coverage:<\/strong> Assal and Radwan highlighted Prime Minister Moustafa Madbouly calling on the forum\u2019s moderators to partner up with other global forums in the future<a href=\"https:\/\/www.youtube.com\/watch?v=EUO-3uTRKhc\"><\/a><a href=\"https:\/\/www.youtube.com\/watch?v=EUO-3uTRKhc\">(watch, runtime: 1:35)<\/a> and <a href=\"https:\/\/www.youtube.com\/watch?v=dPWw3idq5Qo\">(watch, runtime: 1:26)<\/a>. Yahduth fi Misr\u2019s Sherif Amer, meanwhile, had a chat with International Organization for Migration (IOM) Egypt Chief of Mission Laurent de Boeck on how platforms such as the World Youth Forum can help reduce immigration among the youth<a href=\"https:\/\/www.youtube.com\/watch?v=xf7SMklokuU\"><\/a><a href=\"https:\/\/www.youtube.com\/watch?v=xf7SMklokuU\">(watch, runtime: 3:07)<\/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\/enterprise-last-nights-talk-shows\/\">Enterprise+: Last Night\u2019s Talk Shows<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/libya\/\">Libya<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sharm-el-sheikh\/\">Sharm El Sheikh<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/turkey\/\">Turkey<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"591877\" 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=\"591877\">\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\/19\/new-income-tax-law-to-be-finalized-this-fiscal-year-maait\/\">\r\n                            New income tax law to be finalized this fiscal year -Maait                        <\/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\/19\/new-income-tax-law-to-be-finalized-this-fiscal-year-maait\/\" 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\/19\/new-income-tax-law-to-be-finalized-this-fiscal-year-maait\/')\">\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\/19\/new-income-tax-law-to-be-finalized-this-fiscal-year-maait\/\">\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=New income tax law to be finalized this fiscal year -Maait&url=https:\/\/enterpriseam.com\/egypt\/2019\/12\/19\/new-income-tax-law-to-be-finalized-this-fiscal-year-maait\/\">\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\/19\/new-income-tax-law-to-be-finalized-this-fiscal-year-maait\/&title=New income tax law to be finalized this fiscal year -Maait\">\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=New+income+tax+law+to+be+finalized+this+fiscal+year+-Maait+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F12%2F19%2Fnew-income-tax-law-to-be-finalized-this-fiscal-year-maait%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\/19\/new-income-tax-law-to-be-finalized-this-fiscal-year-maait\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/9\/tax-abacus-1600px.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"591878\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/19\/new-income-tax-law-to-be-finalized-this-fiscal-year-maait\/tax-abacus-1600px-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/9\/tax-abacus-1600px.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"tax-abacus-1600px.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/9\/tax-abacus-1600px.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/9\/tax-abacus-1600px.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-591877\" class=\"content-area-description single-story post-591877 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round tag-enterpriseam tag-finance-ministry tag-income-tax-act tag-legislation tag-speed-round tag-tax wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>LEGISLATION WATCH- The new income tax law will see the light of day this fiscal<\/strong><strong> year: <\/strong>The new income tax law will be finalized before the end of the current fiscal year in June 2020, <a href=\"http:\/\/bit.ly\/2PXolXj\">Finance Minister Mohamed Maait said<\/a> at the World Youth Forum earlier this week. The law will, if passed, would raise the personal income tax exemption threshold beyond EGP 8k per year, according to a <a href=\"https:\/\/alborsaanews.com\/2019\/12\/18\/1277200\">local press report<\/a>, make it harder for foreign companies to sidestep Egyptian taxes, and introduce new rules on the resolution of tax disputes.<\/p>\n<p><strong>MPs have been discussing tax changes of their own:<\/strong> Rep Mervat Alexan <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/15\/house-discusses-lowering-income-tax-for-low-earners-draft-to-combat-tax-evasion-8432\/\">last week proposed<\/a> raising the income tax brackets for all people earning up to EGP 30k a year, rather than just the exemption threshold.<\/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\/finance-ministry\/\">Finance Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/income-tax-act\/\">income tax act<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/legislation\/\">legislation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/speed-round\/\">SPEED ROUND<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tax\/\">tax<\/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=\"591890\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"591891\" 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=\"591891\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/19\/regeni-ensnared-in-spiders-web-by-egyptian-security-rome-prosecutors\/\">\r\n                            Regeni ensnared in \u201cspider\u2019s web\u201d by Egyptian security -Rome prosecutors                        <\/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\/19\/regeni-ensnared-in-spiders-web-by-egyptian-security-rome-prosecutors\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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href=\"https:\/\/api.whatsapp.com\/send?text=Regeni+ensnared+in+%E2%80%9Cspider%E2%80%99s+web%E2%80%9D+by+Egyptian+security+-Rome+prosecutors+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F12%2F19%2Fregeni-ensnared-in-spiders-web-by-egyptian-security-rome-prosecutors%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\/19\/regeni-ensnared-in-spiders-web-by-egyptian-security-rome-prosecutors\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-591891\" class=\"content-area-description single-story post-591891 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-africa tag-egypt-in-the-news tag-enterpriseam tag-ethiopia tag-gerd tag-giulio-regeni tag-italy tag-security tag-us tag-water tag-world-bank wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Driving the conversation on Egypt in the international press on yet another quiet morning: <\/strong>A <a href=\"https:\/\/www.reuters.com\/article\/us-italy-egypt-regeni\/slain-student-caught-in-web-spun-by-egyptian-security-services-italian-prosecutors-idUSKBN1YL2JE\">Reuters<\/a> story on the January 2016 murder of Italian graduate student Guilio Regeni and an <a href=\"https:\/\/www.bloomberg.com\/opinion\/articles\/2019-12-18\/a-path-forward-for-egypt-and-ethiopia\">opinion piece for Bloomberg<\/a> by Timothy Kaldas on prospects for mediation by the US and the World Bank of the dispute over the Grand Ethiopian Renaissance Dam.<\/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\/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\/giulio-regeni\/\">Giulio Regeni<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/italy\/\">Italy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/security\/\">security<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us\/\">US<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/water\/\">water<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-bank\/\">World Bank<\/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=\"591892\" 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=\"591892\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">Worth watching<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/19\/the-social-entrepreneurship-competition-giving-young-girls-the-means-to-create-social-impact-initiatives-in-local-egyptian-communities\/\">\r\n                            The social entrepreneurship competition giving young girls the means to create social impact initiatives in local Egyptian communities                        <\/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\/19\/the-social-entrepreneurship-competition-giving-young-girls-the-means-to-create-social-impact-initiatives-in-local-egyptian-communities\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            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social impact initiatives in local Egyptian communities\">\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+social+entrepreneurship+competition+giving+young+girls+the+means+to+create+social+impact+initiatives+in+local+Egyptian+communities+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F12%2F19%2Fthe-social-entrepreneurship-competition-giving-young-girls-the-means-to-create-social-impact-initiatives-in-local-egyptian-communities%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\/19\/the-social-entrepreneurship-competition-giving-young-girls-the-means-to-create-social-impact-initiatives-in-local-egyptian-communities\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/12\/1829.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"591893\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/19\/the-social-entrepreneurship-competition-giving-young-girls-the-means-to-create-social-impact-initiatives-in-local-egyptian-communities\/1829-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/12\/1829.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1829.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/12\/1829.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/12\/1829.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-591892\" class=\"content-area-description single-story post-591892 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-watching tag-enterpriseam tag-entrepreneurship tag-worth-watching wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The Young Changemakers (YCM) Competition for teenagers <\/strong><strong><a href=\"https:\/\/www.pioneerspost.com\/videos\/20191218\/how-60-young-women-could-lead-social-innovation-egypt\">is being documented<\/a><\/strong><strong><a href=\"https:\/\/www.pioneerspost.com\/videos\/20191218\/how-60-young-women-could-lead-social-innovation-egypt\">in Pioneers Post<\/a><\/strong> as it rolls out invitations to young women entrepreneurs who are pushing for social change in Egypt. Organized by global social entrepreneurship network Ashoka in partnership with the British Council and UK-based social change consultancy Red Ochre, YCM is recruiting girls in Egypt who can support their communities with local initiatives. Ashoka and Red Ochre are teaching them critical thinking abilities, social entrepreneurship, and how to design and implement initiatives to create a positive impact <a href=\"https:\/\/www.pioneerspost.com\/videos\/20191218\/how-60-young-women-could-lead-social-innovation-egypt\">(watch, runtime: 02:51)<\/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\/entrepreneurship\/\">entrepreneurship<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/worth-watching\/\">worth watching<\/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=\"591894\" 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=\"591894\">\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\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/19\/egypt-calls-on-un-to-reject-turkey-libya-maritime-security-agreements\/\">\r\n                            Egypt calls on UN to reject Turkey-Libya maritime, security agreements                        <\/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\/19\/egypt-calls-on-un-to-reject-turkey-libya-maritime-security-agreements\/\" 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\/19\/egypt-calls-on-un-to-reject-turkey-libya-maritime-security-agreements\/')\">\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\/19\/egypt-calls-on-un-to-reject-turkey-libya-maritime-security-agreements\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt calls on UN to reject Turkey-Libya maritime, security agreements&url=https:\/\/enterpriseam.com\/egypt\/2019\/12\/19\/egypt-calls-on-un-to-reject-turkey-libya-maritime-security-agreements\/\">\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\/19\/egypt-calls-on-un-to-reject-turkey-libya-maritime-security-agreements\/&title=Egypt calls on UN to reject Turkey-Libya maritime, security agreements\">\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+calls+on+UN+to+reject+Turkey-Libya+maritime%2C+security+agreements+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F12%2F19%2Fegypt-calls-on-un-to-reject-turkey-libya-maritime-security-agreements%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\/19\/egypt-calls-on-un-to-reject-turkey-libya-maritime-security-agreements\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-591894\" class=\"content-area-description single-story post-591894 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-diplomacy-foreign-trade tag-enterpriseam tag-libya tag-turkey tag-un wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Egypt takes its beef with Turkey to the UN: <\/strong>Egypt has asked the UN not to recognize the <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/02\/turkeys-interference-in-libya-is-bad-for-political-settlement-egyptian-greek-fms-7508\/\">maritime and security agreements<\/a> signed between Turkey and Libya, calling them \u201cillegal and groundless\u201d in letters sent to the UN secretary-general and the Security Council, diplomatic sources said, <a href=\"http:\/\/www.ekathimerini.com\/247670\/article\/ekathimerini\/news\/egypt-appeals-to-un-over-pact-amid-diplomatic-flurry\">according to Ekathimerini<\/a>. The government says that the agreements violate UNSC resolutions on Libya and allow the transfer of weapons to militias in the west of the country. The agreements signed between Turkish President Recep Tayyip Erdogan and Libya\u2019s Tripoli-based Prime Minister Fayez Al Serraj at the end of November <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/01\/egypt-condemns-libya-turkey-mediterranean-agreement-7320\/\">have drawn sharp criticism<\/a> from Egypt, Greece, and Cyprus for their potential to pave the way for sea border demarcation agreements that could disregard the rights of other Mediterranean countries.<\/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\/diplomacy-foreign-trade\/\">Diplomacy + Foreign Trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/libya\/\">Libya<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/turkey\/\">Turkey<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/un\/\">UN<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"591897\" 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=\"591897\">\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\/19\/afdb-approves-eur-109-mn-facility-to-fund-luxor-water-treatment-projects\/\">\r\n                            AfDB approves EUR 109 mn facility to fund Luxor water treatment projects                        <\/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\/19\/afdb-approves-eur-109-mn-facility-to-fund-luxor-water-treatment-projects\/\" 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\/19\/afdb-approves-eur-109-mn-facility-to-fund-luxor-water-treatment-projects\/')\">\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\/19\/afdb-approves-eur-109-mn-facility-to-fund-luxor-water-treatment-projects\/\">\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=AfDB approves EUR 109 mn facility to fund Luxor water treatment projects&url=https:\/\/enterpriseam.com\/egypt\/2019\/12\/19\/afdb-approves-eur-109-mn-facility-to-fund-luxor-water-treatment-projects\/\">\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\/19\/afdb-approves-eur-109-mn-facility-to-fund-luxor-water-treatment-projects\/&title=AfDB approves EUR 109 mn facility to fund Luxor water treatment projects\">\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=AfDB+approves+EUR+109+mn+facility+to+fund+Luxor+water+treatment+projects+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F12%2F19%2Fafdb-approves-eur-109-mn-facility-to-fund-luxor-water-treatment-projects%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\/19\/afdb-approves-eur-109-mn-facility-to-fund-luxor-water-treatment-projects\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-591897\" class=\"content-area-description single-story post-591897 post type-post status-publish format-standard hentry category-infrastructure tag-african-development-bank tag-debt tag-enterpriseam tag-infrastructure tag-wastewater wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The African Development Bank board has signed off on a EUR 109 mn facility to develop sewage disposal and wastewater treatment plants for rural areas in Luxor Governorate, the bank said <a href=\"https:\/\/www.afdb.org\/en\/news-and-events\/press-releases\/egypt-african-development-bank-board-approves-eu109-million-transform-sewage-coverage-upper-egypt-rural-areas-33288\">in a statement<\/a>.The project is set to increase sewage treatment in the governorate from 6% to 55% to serve 161,929 inhabitants. The facility consists of a EUR 108 mn loan from the bank with an additional EUR 1 mn grant from the bank\u2019s Rural Water Supply and Sanitation Initiative.<\/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\/african-development-bank\/\">African Development Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/wastewater\/\">wastewater<\/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=\"591898\" 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=\"591898\">\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\">Basic Materials + Commodities<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/19\/egyptian-officials-to-inspect-wheat-shipments-abroad\/\">\r\n                            Egyptian officials to inspect wheat shipments abroad                        <\/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\/19\/egyptian-officials-to-inspect-wheat-shipments-abroad\/\" 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\/19\/egyptian-officials-to-inspect-wheat-shipments-abroad\/')\">\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\/19\/egyptian-officials-to-inspect-wheat-shipments-abroad\/\">\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=Egyptian officials to inspect wheat shipments abroad&url=https:\/\/enterpriseam.com\/egypt\/2019\/12\/19\/egyptian-officials-to-inspect-wheat-shipments-abroad\/\">\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\/19\/egyptian-officials-to-inspect-wheat-shipments-abroad\/&title=Egyptian officials to inspect wheat shipments abroad\">\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=Egyptian+officials+to+inspect+wheat+shipments+abroad+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F12%2F19%2Fegyptian-officials-to-inspect-wheat-shipments-abroad%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\/19\/egyptian-officials-to-inspect-wheat-shipments-abroad\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-591898\" class=\"content-area-description single-story post-591898 post type-post status-publish format-standard hentry category-basic-materials-commodities tag-agriculture tag-basic-materials-commodities tag-enterpriseam tag-subsidies tag-us tag-wheat wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> Agriculture Ministry officials will be allowed once again to travel abroad to inspect wheat shipments at the port of origin, <a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL8N28S41U\">traders told Reuters<\/a>. The move will undo guidelines set by the government in 2016 effectively suspending Egypt\u2019s routine of sending abroad delegations of six officials to inspect the shipments, which the US Department of Agriculture deemed as an \u201cunnecessary and burdensome\u201d practice. The suspension was put in place after a French wheat shipment was rejected upon arriving in Egypt for containing traces of the ergot fungus despite being approved by government officials before being shipped. Traders have criticized the decision to resume port of origin checks, saying people \u201cwill get very worried about ship rejections.\u201d<\/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\/agriculture\/\">agriculture<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/basic-materials-commodities\/\">Basic Materials + Commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/subsidies\/\">subsidies<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us\/\">US<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/wheat\/\">wheat<\/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=\"591899\" 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=\"591899\">\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\">Manufacturing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/19\/legrand-looks-to-acquire-an-egyptian-electric-meter-manufacturer\/\">\r\n                            Legrand looks to acquire an Egyptian electric meter manufacturer                        <\/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\/19\/legrand-looks-to-acquire-an-egyptian-electric-meter-manufacturer\/\" 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\/19\/legrand-looks-to-acquire-an-egyptian-electric-meter-manufacturer\/')\">\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\/19\/legrand-looks-to-acquire-an-egyptian-electric-meter-manufacturer\/\">\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=Legrand looks to acquire an Egyptian electric meter manufacturer&url=https:\/\/enterpriseam.com\/egypt\/2019\/12\/19\/legrand-looks-to-acquire-an-egyptian-electric-meter-manufacturer\/\">\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\/19\/legrand-looks-to-acquire-an-egyptian-electric-meter-manufacturer\/&title=Legrand looks to acquire an Egyptian electric meter manufacturer\">\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=Legrand+looks+to+acquire+an+Egyptian+electric+meter+manufacturer+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F12%2F19%2Flegrand-looks-to-acquire-an-egyptian-electric-meter-manufacturer%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\/19\/legrand-looks-to-acquire-an-egyptian-electric-meter-manufacturer\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-591899\" class=\"content-area-description single-story post-591899 post type-post status-publish format-standard hentry category-manufacturing tag-enterpriseam tag-infrastructure tag-manufacturing wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>French industrial group Legrand aims to fully acquire an Egyptian company that manufactures electric meters and is currently in negotiations with two unnamed potential targets, Managing Director Nicolas Hobeilah <a href=\"https:\/\/wwww.dailynewssegypt.com\/2019\/12\/18\/french-legrand-seeks-to-acquire-egyptian-company-for-electric-metres-manufacture\/\">told the local press<\/a>. Legrand Egypt could also acquire an Egyptian company working in the field of digital infrastructure, he added.<\/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\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/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=\"591900\" 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=\"591900\">\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\">Health + Education<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/19\/planning-ministry-kicks-off-public-subscription-for-investment-charity-fund-for-education\/\">\r\n                            Planning Ministry kicks off public subscription for Investment Charity Fund for Education                        <\/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\/19\/planning-ministry-kicks-off-public-subscription-for-investment-charity-fund-for-education\/\" 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\/19\/planning-ministry-kicks-off-public-subscription-for-investment-charity-fund-for-education\/')\">\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\/19\/planning-ministry-kicks-off-public-subscription-for-investment-charity-fund-for-education\/\">\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=Planning Ministry kicks off public subscription for Investment Charity Fund for Education&url=https:\/\/enterpriseam.com\/egypt\/2019\/12\/19\/planning-ministry-kicks-off-public-subscription-for-investment-charity-fund-for-education\/\">\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\/19\/planning-ministry-kicks-off-public-subscription-for-investment-charity-fund-for-education\/&title=Planning Ministry kicks off public subscription for Investment Charity Fund for Education\">\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=Planning+Ministry+kicks+off+public+subscription+for+Investment+Charity+Fund+for+Education+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F12%2F19%2Fplanning-ministry-kicks-off-public-subscription-for-investment-charity-fund-for-education%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\/19\/planning-ministry-kicks-off-public-subscription-for-investment-charity-fund-for-education\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-591900\" class=\"content-area-description single-story post-591900 post type-post status-publish format-standard hentry category-health-education tag-development tag-education tag-enterpriseam tag-finance tag-health-education wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>State-owned investment bank NI Capital has kicked off the public subscription period for the National Investment Charity Fund for Education, the Planning Ministry <a href=\"http:\/\/bit.ly\/2EwrurN\">said in a statement<\/a>. The fund will issue instruments worth EGP 100 each, with investors allowed to hold as little as a single certificate. The fund\u2019s proceeds will be used to improve education facilities and services in impoverished areas of Egypt.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/development\/\">development<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/finance\/\">Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/health-education\/\">Health + Education<\/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=\"591901\" 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=\"591901\">\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\">Real Estate + Housing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/19\/porto-group-targets-egp-1-bn-in-sales-for-porto-assuits-first-phase\/\">\r\n                            Porto Group targets EGP 1 bn in sales for Porto Assuit\u2019s first phase                        <\/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\/19\/porto-group-targets-egp-1-bn-in-sales-for-porto-assuits-first-phase\/\" 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\/19\/porto-group-targets-egp-1-bn-in-sales-for-porto-assuits-first-phase\/')\">\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\/19\/porto-group-targets-egp-1-bn-in-sales-for-porto-assuits-first-phase\/\">\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=Porto Group targets EGP 1 bn in sales for Porto Assuit\u2019s first phase&url=https:\/\/enterpriseam.com\/egypt\/2019\/12\/19\/porto-group-targets-egp-1-bn-in-sales-for-porto-assuits-first-phase\/\">\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\/19\/porto-group-targets-egp-1-bn-in-sales-for-porto-assuits-first-phase\/&title=Porto Group targets EGP 1 bn in sales for Porto Assuit\u2019s first phase\">\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=Porto+Group+targets+EGP+1+bn+in+sales+for+Porto+Assuit%E2%80%99s+first+phase+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F12%2F19%2Fporto-group-targets-egp-1-bn-in-sales-for-porto-assuits-first-phase%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\/19\/porto-group-targets-egp-1-bn-in-sales-for-porto-assuits-first-phase\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-591901\" class=\"content-area-description single-story post-591901 post type-post status-publish format-standard hentry category-real-estate-housing tag-enterpriseam tag-porto-group tag-real-estate-housing wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Porto Group is targeting sales of around EGP 1 bn in the first phase of the Porto Assiut project which is <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/18\/porto-assuit-to-break-ground-in-coming-days-8712\/\">to begin construction<\/a> in the coming days, the company said in a <a href=\"https:\/\/www.egx.com.eg\/downloads\/Bulletins\/237856_1.pdf\">bourse disclosure (pdf)<\/a>. The EGP 4.5 bn development will include 1.9k residential and hotel apartments and 525 villas.<\/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\/porto-group\/\">Porto Group<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"591903\" 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=\"591903\">\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\">Automotive + Transportation<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/19\/aoi-agrees-with-japans-toyota-tsusho-to-manufacture-240k-nat-gas-minibuses\/\">\r\n                            AOI agrees with Japan\u2019s Toyota Tsusho to manufacture 240k nat-gas minibuses                        <\/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\/19\/aoi-agrees-with-japans-toyota-tsusho-to-manufacture-240k-nat-gas-minibuses\/\" 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\/19\/aoi-agrees-with-japans-toyota-tsusho-to-manufacture-240k-nat-gas-minibuses\/')\">\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\/19\/aoi-agrees-with-japans-toyota-tsusho-to-manufacture-240k-nat-gas-minibuses\/\">\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=AOI agrees with Japan\u2019s Toyota Tsusho to manufacture 240k nat-gas minibuses&url=https:\/\/enterpriseam.com\/egypt\/2019\/12\/19\/aoi-agrees-with-japans-toyota-tsusho-to-manufacture-240k-nat-gas-minibuses\/\">\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\/19\/aoi-agrees-with-japans-toyota-tsusho-to-manufacture-240k-nat-gas-minibuses\/&title=AOI agrees with Japan\u2019s Toyota Tsusho to manufacture 240k nat-gas minibuses\">\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=AOI+agrees+with+Japan%E2%80%99s+Toyota+Tsusho+to+manufacture+240k+nat-gas+minibuses+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F12%2F19%2Faoi-agrees-with-japans-toyota-tsusho-to-manufacture-240k-nat-gas-minibuses%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\/19\/aoi-agrees-with-japans-toyota-tsusho-to-manufacture-240k-nat-gas-minibuses\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-591903\" class=\"content-area-description single-story post-591903 post type-post status-publish format-standard hentry category-automotive-transportation tag-arab-organization-for-industrialization tag-automotive-transportation tag-enterpriseam tag-fuel tag-japan wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The Arab Organization for Industrialization (AOI) has agreed with Japan\u2019s Toyota Tsusho Corporation to manufacture 240k natural gas-powered minibuses, <a href=\"http:\/\/bit.ly\/2ErPP1Q\">according to Al Mal<\/a>. The AOI has already approached 11 global auto companies as it looks for a partner on the project to replace the diesel buses by manufacturing new ones domestically. The AOI is planning to have the first natgas-powered microbus by June 2020, head Abdel Moneim Al Terras <a href=\"https:\/\/alborsaanews.com\/2019\/09\/15\/1244838\">told the press<\/a>.<\/p>\n<p>In related news: Egypt will receive 30 natural gas-powered buses by the end of January, Cairo Governor Khaled Abdel Saeed said, <a href=\"http:\/\/bit.ly\/35Kmk7H\">according to Al Mal.<\/a> This will be the first batch of a EGP 442 mn order for 121 buses.<\/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\/fuel\/\">fuel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/japan\/\">Japan<\/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=\"591905\" 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=\"591905\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">13<\/div>\r\n\r\n                    <p class=\"f-graphik\">Banking + Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/19\/prepaid-card-market-in-egypt-to-grow-by-18-2-by-2023\/\">\r\n                            Prepaid card market in Egypt to grow by 18.2% by 2023                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/19\/prepaid-card-market-in-egypt-to-grow-by-18-2-by-2023\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2019\/12\/19\/prepaid-card-market-in-egypt-to-grow-by-18-2-by-2023\/')\">\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\/19\/prepaid-card-market-in-egypt-to-grow-by-18-2-by-2023\/\">\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=Prepaid card market in Egypt to grow by 18.2% by 2023&url=https:\/\/enterpriseam.com\/egypt\/2019\/12\/19\/prepaid-card-market-in-egypt-to-grow-by-18-2-by-2023\/\">\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\/19\/prepaid-card-market-in-egypt-to-grow-by-18-2-by-2023\/&title=Prepaid card market in Egypt to grow by 18.2% by 2023\">\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=Prepaid+card+market+in+Egypt+to+grow+by+18.2%25+by+2023+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F12%2F19%2Fprepaid-card-market-in-egypt-to-grow-by-18-2-by-2023%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/19\/prepaid-card-market-in-egypt-to-grow-by-18-2-by-2023\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-591905\" class=\"content-area-description single-story post-591905 post type-post status-publish format-standard hentry category-banking-finance tag-banking tag-banking-finance tag-enterpriseam tag-finance tag-real-estate wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Egypt\u2019s prepaid card market is expected to grow at a compound annual rate of 18.2% by 2023, after growing 24.1% between 2014 and 2018, <a href=\"https:\/\/www.researchandmarkets.com\/reports\/4752588\/egypt-prepaid-cards-business-and-investment?utm_source=dynamic&utm_medium=CI&utm_code=hvf33z&utm_campaign=1334177+-+Egypt+Prepaid+Cards+Market+Outlook+to+2023%3a+Anticipating+a+CAGR+of+18.2%25+During+2019-2023&utm_exec=joca220cid\">according to a report by Research and Markets<\/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\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/finance\/\">Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate\/\">real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"591907\" 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=\"591907\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">14<\/div>\r\n\r\n                    <p class=\"f-graphik\">My Morning Routine<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/19\/my-morning-routine-hatem-tawfik-managing-director-of-cairo-solar\/\">\r\n                            My Morning Routine: Hatem Tawfik, managing director of Cairo Solar                        <\/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\" 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       <\/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\/19\/my-morning-routine-hatem-tawfik-managing-director-of-cairo-solar\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/12\/2858.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"591908\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/19\/my-morning-routine-hatem-tawfik-managing-director-of-cairo-solar\/2858-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/12\/2858.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2858.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/12\/2858.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/12\/2858.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-591907\" class=\"content-area-description single-story post-591907 post type-post status-publish format-standard has-post-thumbnail hentry category-my-morning-routine tag-enterpriseam tag-my-morning-routine tag-renewable-energy tag-renewables wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>Hatem Tawfik, managing director of Cairo Solar<\/strong><strong>:<\/strong> My Morning Routine looks each week at how a successful member of the community starts their day \u2014 and then throws in a couple of random business questions just for fun. Speaking to us this week is <a href=\"https:\/\/eg.linkedin.com\/in\/hatem-tawfik-3b986839\">Hatem Tawfik<\/a>, who heads up solar installation company <a href=\"http:\/\/www.cairo-solar.com\/\">Cairo Solar<\/a>.<\/p>\n<p><strong>I\u2019m Hatem Tawfik<\/strong>, a 32-year-old who still has the naivety to believe he can change the world and make some money while doing it. I graduated from CAC and Canada\u2019s McMaster University and then worked at CIB for a few years. Today, I\u2019m the managing director at Cairo Solar. I help people dodge electricity costs without going to jail.<\/p>\n<p><strong>I\u2019m not going to lie, my morning routine starts when I wake up at 8:00 am<\/strong> to work out, then say \u201cnot happening\u201d and snooze until 9:00 am. I then wake up again, spend 5 minutes watching videos of impractical jokers, pray, chug a big glass of water, then grab my black coffee to go. I\u2019ve been intermittent fasting for two-and-a-half years and it\u2019s awesome. I then start moving to work. My work is across the street in New Cairo so I get in at 9:30 am sharp.<\/p>\n<p><strong>The rest of my day consists of following up on our major weekly tasks, and reworking our strategy constantly.<\/strong> Solar is so fluid, especially with all the changing interest rates and electricity prices. At 5 pm I eat at home, make up for my missed morning workout with a BeFit session at 7 pm, then spend time with family or friends.<\/p>\n<p><strong>I usually read around half a page a day of Riyadh Al Saleheen<\/strong> to keep my morals in check. It\u2019s not uncool to read religious stuff.<\/p>\n<p><strong>Cairo Solar started in 2015, and we soon became the first company to successfully sell electricity to the government \u2013 from my actual home. <\/strong>We struggled a lot during the first three years. There are 300 other solar companies operating in our space. And we had to convince the small pool of clients, who were already affected by the EGP float, why they should go with us and not the other 299. It took a while to get there. And when we were just a few people multitasking, I would end up driving our company\u2019s minivan once a month. (Side note: I picked up an old lady who thought I was a microbus, I was in a full suit, I played along to drop her off, but she then insisted on paying). Things started picking up in 2018, and now we\u2019re one of the top five solar companies in Egypt.<\/p>\n<p><strong>What <\/strong><strong>are some common misconceptions about my business? <\/strong>People think solar is very glitzy, and it is. But usually, what springs to people\u2019s minds are large solar farms only. However, there are three other solar sectors in Egypt, all of which could save you up to 100% of your energy cost. Installing a solar station in your home could give you an internal rate of return (IRR) \u2014 a measure of an investment\u2019s rate of return \u2014 of 20-25%. For places such as agricultural farms running on diesel, you could get an IRR of 30% to 45%. Factories, schools and other such buildings \u2013 which we classify as medium scale \u2013 could see an IRR of 20-30%.<\/p>\n<p><strong>Cairo Solar focuses on the medium scale sector which comes in two forms:<\/strong> Independent power producer (IPP) or turnkey EPC (engineering, procurement, and construction). IPP is where the solar company builds, owns, and operates the station and sells the electricity to the client for a flat fee or a percentage less than the government price. Turnkey EPC is where the solar company builds the station and the client owns the station. IPP is usually for larger scale stations where the client doesn\u2019t want to tie up large amounts of money and prefers someone to operate the station. Turnkey EPC is usually for smaller scale stations where the client prefers to have all the savings to themselves, rather than save a percentage.<\/p>\n<p><strong>The savings for businesses:<\/strong> For example, a steel factory with limited cash flow and a large piece of land would rather not invest in a 135 MW solar station, and prefer to bring on a solar company to become the IPP, the solar company would then sell the client electricity at a 10% discount than the government price. This way the cash-strapped company does not have to invest and gets to save 10% on its electricity bill. There are approximately between 20 MW and 30 MW of these kinds of stations.<\/p>\n<p><strong>On the other hand, if a client wants to save 100% of his electricity bill<\/strong>, they need to own the station themselves, which is the turnkey model that Cairo Solar does. For instance, if a shampoo factory has enough space and is financially strong, it can own the station and lease it with the bank with special solar loans that we provide at low interest rates. The lower the interest rates, the lower their installment, and the less affected their cash flow is, since what they save in electricity could be equal to what they pay to the bank.<\/p>\n<p><strong>As of 2019, 12.5 MW of the medium scale stations where installed.<\/strong> Out of the 300 registered solar companies in Egypt, Cairo Solar managed to capture a 12% market share in the medium scale sector. In the next two years, I expect this sector to add another 75 MW, or EGP 1 bn. I believe this is a great opportunity for banks to benefit from such projects.<\/p>\n<p><strong>The one internal or external force that will create the most change in this industry are lower interest rates<\/strong>. Lower interest rates will definitely give our clients a push to install solar.<\/p>\n<p><strong>The best business advice I\u2019ve ever gotten was \u201cit takes time.\u201d<\/strong> That phrase sticks with me. It was given by one of our shareholders who believed in us. In this new venture capital world of ours, people want to see results fast, and VCs along with company owners tend to give up too easily if they don\u2019t see results in a year or two. But now I believe you need to have the patience because \u201cit takes time.\u201d<\/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\/my-morning-routine\/\">MY MORNING ROUTINE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/renewable-energy\/\">renewable energy<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"591909\" 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=\"591909\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">15<\/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\/19\/the-market-yesterday-232\/\">\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\/19\/the-market-yesterday-232\/\" 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\/19\/the-market-yesterday-232\/')\">\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\/19\/the-market-yesterday-232\/\">\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\/19\/the-market-yesterday-232\/\">\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\/19\/the-market-yesterday-232\/&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%2F19%2Fthe-market-yesterday-232%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\/19\/the-market-yesterday-232\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-591909\" class=\"content-area-description single-story post-591909 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 15.98 | Sell 16.11<\/p>\n<p> <strong>EGP \/ USD at CIB:<\/strong> Buy 15.98 | Sell 16.08<\/p>\n<p> <strong>EGP \/ USD at NBE: <\/strong>Buy 15.99 | Sell 16.09<\/p>\n<p><strong>EGX30<\/strong> (Wednesday): 13,794 (+1.2%)<\/p>\n<p> <strong>Turnover:<\/strong> EGP 530 mn (28% below the 90-day average)<\/p>\n<p> <strong>EGX 30 year-to-date<\/strong>: +5.8%<\/p>\n<p><strong>THE MARKET ON WEDNESDAY:<\/strong> The EGX30 ended Wednesday\u2019s session up 1.2%. CIB, the index\u2019s heaviest constituent, ended up 1.7%. EGX30\u2019s top performing constituents were Qalaa Holdings up 4.0%, Sidi Kerir Petrochemicals up 3.3%, and Egyptian Resorts up 2.4%. Yesterday\u2019s worst performing stocks were Ibnsina Pharma down 1.6%, Orascom Development down 1.5% and Cleopatra Hospitals down 0.3%. The market turnover was EGP 530 mn, and domestic investors were the sole net sellers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Long | EGP +24.7 mn<\/p>\n<p> <strong>Regional<\/strong>: Net Long | EGP +15.4 mn<\/p>\n<p> <strong>Domestic<\/strong>: Net Short | EGP -40.1 mn<\/p>\n<p><strong>Retail<\/strong>: 52.0% of total trades | 51.0% of buyers | 53.0% of sellers<\/p>\n<p> <strong>Institutions<\/strong>: 48.0% of total trades | 49.0% of buyers | 47.0% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 60.91 (-0.05%)<\/p>\n<p> <strong>Brent:<\/strong> USD 66.13 (+0.05%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 2.20 MMBtu (-1.47%, January 2020 contract)<\/p>\n<p> <strong>Gold:<\/strong> USD 1,479.70 \/ troy ounce (-0.06%)<\/p>\n<p><strong>TASI:<\/strong> 8,253.43 (+0.68%) (YTD: +5.45%)<\/p>\n<p> <strong>ADX:<\/strong> 5,094.86 (+0.72%) (YTD: +3.66%)<\/p>\n<p> <strong>DFM:<\/strong> 2,787.38 (+1.05%) (YTD: +10.18%)<\/p>\n<p> <strong>KSE Premier Market:<\/strong> 6,828.56 (+0.47%)<\/p>\n<p> <strong>QE:<\/strong> 10,340.37 (+1.16%) (YTD: +0.40%)<\/p>\n<p> <strong>MSM:<\/strong> 3,943.33 (-0.14%) (YTD: -8.80%)<\/p>\n<p> <strong>BB: <\/strong>1,583.74 (+0.01%) (YTD: +18.43%)<\/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=\"591910\" 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\/19\/591910\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-591910\" class=\"content-area-description single-story post-591910 post type-post status-publish format-standard hentry category-calendar wpautop entry\">\n\n\t\t\t<hr class=\"wp-block-separator has-text-color has-primary-color has-alpha-channel-opacity has-primary-background-color has-background is-style-wide\">\n\n\t\t<h2 class=\"wp-block-heading mt-0 has-primary-color has-text-color has-link-color has-normal-font-size\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\">\n\t\t\t<strong> CALENDAR<\/strong>\n\t\t<\/h2>\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>December: Belarus Industry Minister Pavel Utiupin <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=19112019&id=2b9e9b1c-45ad-4af5-82a9-f8650319c562\">will visit Egypt<\/a> to discuss means of cooperation in the SCZone and plan for the seventh Egypt-Belarus Trade Meeting.<\/p>\n<p>December: <a href=\"https:\/\/almalnews.com\/%d9%88%d9%81%d8%af-%d9%87%d9%86%d8%af%d9%8a-%d9%8a%d8%a8%d8%ad%d8%ab-%d8%a7%d9%84%d8%aa%d8%b9%d8%a7%d9%88%d9%86-%d8%a7%d9%84%d8%aa%d8%ac%d8%a7%d8%b1%d9%8a-%d9%88%d8%a7%d9%84%d8%a7%d8%b3%d8%aa%d8%ab\/\">Indian automotive delegation to visit Egypt<\/a>.<\/p>\n<p>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>23 December (Monday): The Cairo Economic Court decided to adjourn the lawsuit filed by <a href=\"https:\/\/almalnews.com\/%d8%a7%d9%84%d9%85%d8%ad%d9%83%d9%85%d8%a9-%d8%a7%d9%84%d8%a7%d9%82%d8%aa%d8%b5%d8%a7%d8%af%d9%8a%d8%a9-%d8%aa%d9%86%d8%b8%d8%b1-%d8%af%d8%b9%d9%88%d9%89-%d8%b6%d8%af-%d8%a7%d9%84%d9%85%d8%b3%d8%aa\/\">Americana Egypt minority<\/a> against the independent financial advisor to Monday 23 December.<\/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>4 February (Tuesday): Court hearing for PTT Energy Resources\u2019 <a href=\"https:\/\/enterprise.press\/stories\/2019\/05\/06\/thailands-ptt-energy-resources-files-usd-1-bn-lawsuit-against-govt-over-emg\/\">USD 1 bn lawsuit against Egyptian government<\/a><\/p>\n<p>8 February 2020 (Saturday): Midterm break ends. Traffic in Cairo stinks once more.<\/p>\n<p>11-13 February 2020 (Tuesday-Thursday): <a href=\"https:\/\/www.egyps.com\/\">Egypt Petroleum Show<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>March 2020: <a href=\"http:\/\/www.menafatf.org\/about\">The Middle East and North Africa Financial Action Task Force<\/a> (MENAFATF) <a href=\"https:\/\/almalnews.com\/%d9%85%d8%ac%d9%85%d9%88%d8%b9%d8%a9-%d8%a7%d9%84%d8%b9%d9%85%d9%84-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%8a-%d8%aa%d8%b2%d9%88%d8%b1-%d9%85%d8%b5%d8%b1-%d9%85%d8%a7%d8%b1%d8%b3-%d8%a7%d9%84%d9%85%d9%82\/\">will visit<\/a> Egypt 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>17-20 June 2020 (Wednesday-Saturday): <a href=\"https:\/\/www.automech-formula.com\/en\/home.html\">2019 Automech Formula car expo<\/a>, Egypt International Exhibition Center, Cairo.<\/p>\n<p>30 June 2020 (Sunday): June 2013 protests anniversary, national holiday.<\/p>\n<p>November 2020: Egypt <a href=\"http:\/\/gate.ahram.org.eg\/News\/2284801.aspx\">will host simultaneously<\/a> the International Capital Market Association\u2019s emerging market, and Africa and Middle East meetings.<\/p>\n<p>30 July 2020-3 August 2020 (Thursday-Monday): Eid El Adha (TBC), national holiday.<\/p>\n<p>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":591871,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-591870","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"322a6901-58b4-434e-b3a5-df3759ad4f14","teaser":"","photo_url":"https:\/\/ent.news\/2019\/6\/2688.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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