{"id":591963,"date":"2019-12-23T04:29:42","date_gmt":"2019-12-23T04:29:42","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=591963"},"modified":"2025-12-16T16:49:25","modified_gmt":"2025-12-16T16:49:25","slug":"cabinet-shuffle-madbouly-to-drum-up-investment-mashat-goes-to-intl-cooperation","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/cabinet-shuffle-madbouly-to-drum-up-investment-mashat-goes-to-intl-cooperation\/","title":{"rendered":"Cabinet shuffle: Madbouly to drum up investment, Mashat goes to Int\u2019l Cooperation"},"content":{"rendered":"<section id=\"591965\" 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=\"591965\">\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\/23\/what-were-tracking-on-monday-23-december-2019\/\">\r\n                            What we\u2019re tracking on Monday, 23 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\/23\/what-were-tracking-on-monday-23-december-2019\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2019\/12\/23\/what-were-tracking-on-monday-23-december-2019\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2019\/12\/23\/what-were-tracking-on-monday-23-december-2019\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=What we\u2019re tracking on Monday, 23 December 2019&url=https:\/\/enterpriseam.com\/egypt\/2019\/12\/23\/what-were-tracking-on-monday-23-december-2019\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2019\/12\/23\/what-were-tracking-on-monday-23-december-2019\/&title=What we\u2019re tracking on Monday, 23 December 2019\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=What+we%E2%80%99re+tracking+on+Monday%2C+23+December+2019+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F12%2F23%2Fwhat-were-tracking-on-monday-23-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\/23\/what-were-tracking-on-monday-23-december-2019\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-591965\" class=\"content-area-description single-story post-591965 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-automotive tag-banking tag-cabinet-shuffle tag-enterpriseam tag-finance tag-regulation tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_27645\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\">\n<p class=\"f-graphik\" style=\"font-size:14px\">Together with<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27482.svg\" alt=\"\" class=\"wp-image-27482\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><strong>The long-awaited cabinet shuffle materialized yesterday, bringing six new faces to the<\/strong><strong> cabinet table and a handful of surprises<\/strong>, including Prime Minister Moustafa Madbouly being tapped to drum up investment in all of its flavors. We have chapter and verse in this morning\u2019s Speed Round, below.<\/p><p><strong>We also have a very busy news morning <\/strong>on the M&amp;A and investment fronts, suggesting the end-of-year news slowdown isn\u2019t yet upon us.<\/p><p><strong>The Central Bank of Egypt\u2019s Monetary Policy Committee meets on Thursday for the final<\/strong><strong> time this year.<\/strong> Seven of 10 economists <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/22\/enterprise-poll-central-bank-of-egypt-to-keep-rates-on-hold-in-final-meeting-of-2019-8827\/\">we surveyed<\/a> expect the CBE to hold off on delivering a fifth rate cut for the year, with most saying the central bank will adopt a wait-and-see approach as it gauges impact of the previous cuts before pushing ahead with more.<\/p><p><strong>Meanwhile, the central bank has effectively raised the ceiling on consumer credit limits. <\/strong><a href=\"https:\/\/bit.ly\/34K3FHK\">A decision released yesterday (<\/a><a href=\"https:\/\/bit.ly\/34K3FHK\">pdf)<\/a> will allow individual borrowers to carry monthly payments for unsecured borrowing equivalent to up to 50% of their after-tax income, up from 35% previously. The new limit will apply to both personal borrowing and credit cards. Automotive companies say the move could act as a stimulus for the lagging market, <a href=\"https:\/\/hapijournal.com\/2019\/12\/22\/%d8%b9%d9%85%d8%b1%d9%88-%d8%b3%d9%84%d9%8a%d9%85%d8%a7%d9%86-%d8%aa%d8%ae%d9%81%d9%8a%d8%b6%d8%a7%d8%aa-%d9%85%d8%aa%d9%88%d9%82%d8%b9%d8%a9-%d9%85%d9%86-%d8%b4%d8%b1%d9%83%d8%a7%d8%aa-%d8%a7%d9%84\/\">Hapi Journal<\/a> reports.<\/p><div class=\"stand-out\">\n<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> Every year we ask you, our readers, to weigh in on what you expect for the year ahead: Are you investing? Do you plan to hire new staff in 2020? How do you think the EGP will perform? What\u2019s your take on interest rates? 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>\n<p><strong><a href=\"https:\/\/www.surveymonkey.com\/r\/R32N7VR\">You can take the Enterprise Reader Poll here<\/a><\/strong><strong>.<\/strong><\/p>\n<\/div><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\/2715.jpeg?ssl=1\" alt=\"enterprise\"><\/a><\/p><p><strong>PSA- Roll up your windows and be careful on the road:<\/strong> <a href=\"https:\/\/www.facebook.com\/ema.gov.eg\/photos\/a.1606698572698165\/2926137830754226\/?type=3&amp;theater\">The national weather service<\/a> is warning of \u201cturbulent weather,\u201d including a potential sand storm, rolling across the country this week. You can expect daytime highs today of 20\u00b0C and an overnight low of 11\u00b0C. Our favourite weather app is warning that the sand storm could hit tomorrow.<\/p><p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/11\/CIRA-Blackboard-Banner-B.jpg?ssl=1\" alt=\"enterprise\"><\/p><p><strong>*** It\u2019s Blackboard day: <\/strong>Our every Monday look at<strong> the business of education in <\/strong>Egypt, from pre-K through the highest reaches of higher ed, focuses this week on Egypt\u2019s edtech startups and how they can help tackle its education system\u2019s problems, if only they had the funding.<\/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\/automotive\/\">automotive<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cabinet-shuffle\/\">cabinet shuffle<\/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\/regulation\/\">regulation<\/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=\"591966\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 .stk-block-carousel__button svg.ugb-custom-icon :is(g, path, rect, polygon, ellipse){fill:#FFFFFF !important;}<\/style>\r\n                <div class=\"stk-block-carousel__content-wrapper\">\r\n                <div class=\"stk-row stk-inner-blocks stk-block-content stk-block-carousel__slider-wrapper stk-content-align stk-a38cfb2-column alignwide\">\r\n                <div class=\"stk-block-carousel__slider\" role=\"list\" data-autoplay=\"4000\" data-label-slide-of=\"Slide %%d of %%d\">\r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-46c5f99\" data-v=\"4\" data-block-id=\"46c5f99\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-46c5f99-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-46c5f99-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240922.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.hsbc.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27489.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Opening up a world of opportunity<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-srl230y\" data-v=\"4\" data-block-id=\"srl230y\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-srl230y-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-srl230y-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240923.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/efghldg.com\/en\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27488.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Realize More<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-hubis6o\" data-v=\"4\" data-block-id=\"hubis6o\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-hubis6o-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-hubis6o-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-gfrt76a\" data-v=\"4\" data-block-id=\"gfrt76a\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-gfrt76a-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-gfrt76a-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-2a9t4pm\" data-v=\"4\" data-block-id=\"2a9t4pm\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-2a9t4pm-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-2a9t4pm-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240926.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.qalaaholdings.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/110691.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Driving growth<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-left\" class=\"svg-inline--fa fa-chevron-left\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M34.52 239.03L228.87 44.69c9.37-9.37 24.57-9.37 33.94 0l22.67 22.67c9.36 9.36 9.37 24.52.04 33.9L131.49 256l154.02 154.75c9.34 9.38 9.32 24.54-.04 33.9l-22.67 22.67c-9.37 9.37-24.57 9.37-33.94 0L34.52 272.97c-9.37-9.37-9.37-24.57 0-33.94z\"><\/path><\/svg><\/button><button class=\"stk-block-carousel__button stk-block-carousel__button__next\" aria-label=\"Next slide\"><svg aria-hidden=\"true\" focusable=\"false\" 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highlights from the chatter on yesterday\u2019s cabinet shuffle in this morning\u2019s Speed Round, below.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-last-nights-talk-shows\/\">Enterprise+: Last Night\u2019s Talk Shows<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"591968\" 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=\"591968\">\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\/23\/meet-your-new-cabinet\/\">\r\n                            Meet your new cabinet                        <\/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\/23\/meet-your-new-cabinet\/\" target=\"_blank\">\n                    Open 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data-image-meta=\"[]\" data-image-title=\"360.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/2\/360.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/2\/360.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-591968\" class=\"content-area-description single-story post-591968 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round tag-cabinet-shuffle tag-enterpriseam tag-moustafa-madbouly tag-speed-round wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a id=\"tldr-story-01\" class=\"content-anchor\"><\/a> <strong>Meet your new government: <\/strong>Ending weeks of speculation about the scope of a widely expected cabinet shuffle, Prime Minister Moustafa Madbouly formed yesterday a new government after seeking the assent of the House of Representatives. The shakeup sees a handful of new faces in cabinet and a number of portfolios restructured, making it the largest cabinet shuffle since Madbouly formed his first cabinet <a href=\"https:\/\/enterprise.press\/stories\/2018\/06\/19\/madbouly-government-sworn-in-we-have-new-finance-and-trade-ministers\/\">back in June of 2018<\/a>. The cabinet was sworn in after receiving approval from the House. President Abdel Fattah El Sisi met with the new ministers and deputy ministers following their swearing-in to stress the importance of building upon their predecessors\u2019 work and maintain open channels of communication between each ministry, <a href=\"https:\/\/bit.ly\/2Sta8V5\">according to an Ittihadiya statement<\/a>.<\/p>\n<p><strong>We have roundups below on:<\/strong><\/p>\n<ul>\n<li>Who\u2019s in and who\u2019s out;<\/li>\n<li>What the international and domestic press are saying about the shuffle;<\/li>\n<li>Bios on new cabinet ministers;<\/li>\n<li>A look at the policy priorities the ministers are inheriting.<\/li>\n<\/ul>\n<p><strong>WHO\u2019S IN AND WHO\u2019S OUT<\/strong><\/p>\n<p><strong>What\u2019s not changing: <\/strong>The key ministries of finance, petroleum, defense, foreign affairs and interior. <strong><a href=\"https:\/\/ent.news\/2019\/12\/1389.pdf\">The full list of new ministers and deputy ministers is here (pdf)<\/a><\/strong> courtesy of Ittihadiya, while the <a href=\"http:\/\/www.cabinet.gov.eg\/arabic\/cabinet\/thecabinetlineup\/pages\/thecabinetlineup.aspx\">full list of all cabinet members (new and existing)<\/a> is available on cabinet\u2019s website (Arabic only as of dispatch time).<\/p>\n<p><strong>So, what are the changes? <\/strong>Six new faces now sit around the cabinet table and four already-serving ministers have new or expanded portfolios.<\/p>\n<ul>\n<li><strong>The PM is now in charge of drumming up investment: <\/strong>The most important change (from the perspective of the business community) is that Madbouly will take on the role of investment minister, taking responsibility for GAFI. He will also be responsible for the administrative development portfolio, which has been separated from the Planning Ministry.<\/li>\n<li><strong>International cooperation<\/strong> is now its own ministry, having been cleaved off the former ministry of investment and international cooperation.<\/li>\n<li><strong>We once again have an Information Ministry<\/strong>, after the portfolio was briefly mothballed back in 2011 and again in 2014. This comes as the war against \u201cfake news\u201d has become a priority for the House.<\/li>\n<li>The<strong> Tourism Ministry has been lumped in with the Antiquities Ministry<\/strong> in a single portfolio that will be headed by incumbent Antiquities Minister Khaled El Anani.<\/li>\n<li>Hala El Said\u2019s Planning Ministry has been rebranded as <strong>the Planning and Economic Development Ministry.<\/strong><\/li>\n<li>Omar Marwan has been reassigned from the Parliamentary Affairs Ministry to the <strong>Justice Ministry.<\/strong><\/li>\n<\/ul>\n<p><strong>Key ministries get new bosses:<\/strong> The shakeup has only impacted three ministries from the cabinet economic group:<\/p>\n<ul>\n<li><strong>Sahar Nasr<\/strong> exits as investment minister, with <strong>Madbouly<\/strong> taking over the portfolio.<\/li>\n<li>Cabinet newcomer <strong>Nevine Gamea<\/strong> takes over trade and industry from <strong>Amr Nassar<\/strong>;<\/li>\n<li><strong>Rania Al Mashat<\/strong> leaves behind tourism to take on <strong>Sahar Nasr<\/strong>\u2019s former duties as international cooperation minister.<\/li>\n<\/ul>\n<p><strong>Still in office: <\/strong>Finance Minister <strong>Mohamed Maait<\/strong> will continue to head up the Finance Ministry, while <strong>Ali El Moselhy<\/strong> will keep supply. <strong>Mohamed Shaker<\/strong> stays on to run the Electricity Ministry, while <strong>Tarek El Molla<\/strong> will still head petroleum and natural resources. <strong>Hisham Tawfik<\/strong> continues as Minister for Public Enterprises. Housing, ICT and transportation will see no change at the top, while national security portfolios, including the ministries of foreign affairs, interior, and defense, will also remain under their current ministers. The ministries of health, education, higher education, and the environment will also see no changes at the top.<\/p>\n<p><strong>REACTION<\/strong><\/p>\n<p><strong>International reaction: <\/strong>The resurrection of the Information Ministry was of particular interest to the foreign press, with <a href=\"https:\/\/www.reuters.com\/article\/us-egypt-cabinet\/egypt-reinstates-information-ministry-in-cabinet-portfolio-reshuffle-idUSKBN1YQ0BA\">Reuters pointing<\/a><a href=\"https:\/\/www.reuters.com\/article\/us-egypt-cabinet\/egypt-reinstates-information-ministry-in-cabinet-portfolio-reshuffle-idUSKBN1YQ0BA\">out<\/a> that Egypt had already set up three media regulatory bodies \u201cwith the power to fine or suspend publications and broadcasters.\u201d Reuters and <a href=\"https:\/\/www.thenational.ae\/world\/mena\/egypt-set-for-cabinet-reshuffle-after-parliament-criticises-performance-1.954884\">the National<\/a> also note that some of the changes in government were a result of El Sisi wanting to speed up progress on key goals, including development and attracting investment. <a href=\"http:\/\/www.xinhuanet.com\/english\/2019-12\/22\/c_138650299.htm\">Xinhua<\/a> and <a href=\"https:\/\/alkhaleejtoday.co\/international\/7248\/Key-ministries-unchanged-in-Egypt-cabinet-shake-up.html\">Al Khaleej Today<\/a> also covered the shuffle. Bloomberg\u2019s story on its terminal yesterday emphasized that the investment ministry had been scrapped.<\/p>\n<p><strong>What the talking heads are saying: <\/strong>The main talking point on the airwaves last night was what the elimination of the Investment Ministry means for the government. Putting the prime minister in charge of investment highlights the importance the state is placing on attracting fresh capital after a period of low FDI, Al Kahera Alaan\u2019s Lamees El Hadidi says. But it\u2019s an open question, El Hadidi suggested, whether Madbouly has the time in his day that he needs to move the needle in a key portfolio (<a href=\"https:\/\/www.youtube.com\/watch?v=YVlovbqyw00\">watch, runtime: 22:32<\/a>). El Hekaya\u2019s Amr Adib seems to think it\u2019s a great move, and singled out investment as the previous government\u2019s largest shortcoming, saying that the lack of centralization of all things investment created a web of bureaucracy that made life difficult for investment.<\/p>\n<p><strong>Separately, Adib pointed out the challenges ahead of newly formed (or resurrected) positions:<\/strong> For the Information Ministry, the host said the biggest challenge lies in figuring out how to reconfigure the country\u2019s three media regulatory bodies to avoid overlapping jurisdictions with the ministry, while Anani\u2019s new role as both antiquities and tourism minister will prove to be a challenging balancing act (<a href=\"https:\/\/www.youtube.com\/watch?v=InnIHetRxF4\">watch, runtime: 17:55<\/a>).<\/p>\n<p><strong>BIOGRAPHIES<\/strong><\/p>\n<p>And now, without further ado, we present the new faces of the Madbouly Cabinet:<\/p>\n<p><strong>Nevine Gamea, Trade and Industry Minister:<\/strong> Gamea replaces Amr Nassar at the helm of the Trade and Industry Ministry. The longtime civil servant was most recently the head of the SMEs Development Authority \u2014 a post she held since 2017 \u2014 where her primary mission was to help make subsidized funding available to small and mid-sized businesses. Prior to heading up the authority, she led the Social Fund for Development. In cabinet, Gamea will face the ongoing challenge of making land available to industry while working on long-term issues including export promotion, export subsidies, and utility costs. Her priorities as minister will be expanding local industry to cut down on imports and help narrow the country\u2019s trade deficit, while encouraging an increase in export volumes, Gamea told the House of Representatives yesterday after being sworn in, <a href=\"https:\/\/alborsaanews.com\/2019\/12\/22\/1278571\">according to the local press<\/a>. Part of her strategy includes bringing distressed factories back online, as well as ramping up the construction of industrial complexes. Maybe, just maybe, her appearance in cabinet will result in our having a strategy for the automotive industry. You can check out her full bio on <a href=\"https:\/\/almalnews.com\/%d8%a7%d9%84%d8%b3%d9%8a%d8%b1%d8%a9-%d8%a7%d9%84%d8%b0%d8%a7%d8%aa%d9%8a%d8%a9-%d9%84%d9%86%d9%8a%d9%81%d9%8a%d9%86-%d8%ac%d8%a7%d9%85%d8%b9-%d9%88%d8%b2%d9%8a%d8%b1-%d8%a7%d9%84%d8%b5%d9%86%d8%a7\/\">Al Mal<\/a>.<\/p>\n<p><strong>Nivine Kabbag, Social Solidarity Minister: <\/strong>This was an in-house promotion, as Kabbag had served as the long-time deputy to Ghada Wali, who leaves her five-year stint as Social Solidarity Minister <a href=\"https:\/\/www.un.org\/press\/en\/2019\/sga1924.doc.htm\">to head up the United Nations Office on Drugs and Crime (UNODC)<\/a>. Kabbag had been an advisor to the minister prior to her appointment as deputy social solidarity minister back in 2018, where she helped shape and manage the Takaful and Karama cash subsidies program. Ongoing items on her agenda as minister include pushing through the <a href=\"https:\/\/enterprise.press\/stories\/2019\/09\/30\/spotlight-on-the-fifth-legislative-session-of-the-house\/\">new Cash Subsidies Act<\/a>, which would command the government to review subsidy rolls once every three years in an effort to keep track of ineligible beneficiaries. You can check out her full bio on <a href=\"http:\/\/gate.ahram.org.eg\/News\/2340276.aspx\">Ahram Gate<\/a>.<\/p>\n<p><strong>El Sayed El Quseir, Agriculture Minister:<\/strong> El Quseir joins the ministry following a 39-year career in the public-sector banking system, most recently as the head of the Principal Bank for Development and Agricultural Credit \u2014 a post he\u2019s held since 2016. He had previously served as head of the Industrial Development and Workers Bank of Egypt following his appointment in 2011. Al Quseir, who replaces Ezzedin Abu Setit, has pledged that under his tenure, the ministry would do more than \u201cjust release press statements,\u201d without naming any specific policies, <a href=\"https:\/\/almalnews.com\/%d9%88%d8%b2%d9%8a%d8%b1-%d8%a7%d9%84%d8%b2%d8%b1%d8%a7%d8%b9%d8%a9-%d8%a7%d9%84%d8%ac%d8%af%d9%8a%d8%af-%d9%81%d9%8a-%d8%a3%d9%88%d9%84-%d8%aa%d8%b5%d8%b1%d9%8a%d8%ad-%d9%84%d9%86-%d9%86%d9%83%d9%88\/\">according to Al Mal<\/a>. You can check out his full bio on <a href=\"http:\/\/gate.ahram.org.eg\/News\/2340279.aspx\">Ahram Gate<\/a>.<\/p>\n<p><strong>Osama Heikal, Information Minister: <\/strong>Heikal comes back to take over the newly reconstituted Information Ministry, a post he held from July to December 2011, after it was briefly dismantled. Prior to his appointment as minister, the long-time editor-in-chief of the Al Wafd daily newspaper chaired the House Culture, Media and Antiquities Committee. Heikal <a href=\"https:\/\/bit.ly\/34PnvBp\">resigned from Parliament<\/a> yesterday to assume his new cabinet position. You can check out his full bio <a href=\"https:\/\/alborsaanews.com\/2019\/12\/22\/1278411\">here<\/a>.<\/p>\n<p><strong>Mohamed Anba, Civil Aviation Minister:<\/strong> Prior to his appointment as minister, EgyptAir veteran and civil aviation inspector Mohamed Anba headed EgyptAir\u2019s training academy from 2013-2017. Anba, who replaces Younes El Masry, also served as a board member of EgyptAir, following a stint as the company\u2019s director of safety. <a href=\"https:\/\/alborsaanews.com\/2019\/12\/22\/1278431\">You can read his full bio here<\/a>.<\/p>\n<p><strong>Alaa Fouad, Legislative Affairs Minister: <\/strong>Prior to his appointment as minister, Fouad had headed the National Elections Authority since 2017, where he had organized national elections for both the House of Representatives and president of Egypt. He takes over a rebranded ministry at a time when local and district elections are under discussion in the House over the Local Administration Act. His appointment also comes as Egypt looks to hold elections for an upper legislative body, as per the constitutional amendments of 2018. <a href=\"https:\/\/alborsaanews.com\/2019\/12\/22\/1278431\">You can catch his full bio here<\/a>.<\/p>\n<p><strong>Does a new structure to the government signal a policy shift?<\/strong> Other than some rebranding and shuffling of portfolios, the biggest change is President Abdel Fattah El Sisi\u2019s decision to give the prime minister additional responsibility for drumming up FDI, suggesting the issue is taking on new importance at the highest level. Madbouly explained the shift as being necessary to \u201cuntangle the interlocking jurisdictions\u201d when it comes to investment policy and administrative reform, <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/1454122624766098\">in a statement yesterday<\/a>. He added that the move was done in the hopes to push progress on that front.<\/p>\n<p><strong>Look for: <\/strong>Both statements from individual ministries on their priorities going forward as well as a single statement from cabinet (likely following its next meeting) on key national priorities in areas including economic reform, national security and investment in health and education.<\/p>\n<p><strong>POLICY CONTINUITY?<\/strong><\/p>\n<p><strong>In the meantime, it seems likely we can expect policy stability. <\/strong>Economic programs and agenda items that have been a priority for the Sisi administration will continue to guide policy for cabinet. These include:<\/p>\n<ul>\n<li><strong>Taxation policy stability: <\/strong>Since 2018, the Finance Ministry has emphasized that tax policy in Egypt will remain fundamentally stable even as the ministry looks to cut red tape in a wide-ranging rewrite of the tax code. Changes are expected to everything from the <a href=\"https:\/\/enterprise.press\/stories\/2019\/09\/30\/spotlight-on-the-fifth-legislative-session-of-the-house\/\">Income Tax Act to the VAT and the capital gains tax<\/a> \u2014 even newly imposed taxes such as \u201cit\u2019s not a tax, it\u2019s a tithe\u201d to support the Universal Healthcare Act might be subject to amendment. Not to mention changes to how social security and the state pension system are funded \u2014 we\u2019ve heard rumblings of changes there, too.<\/li>\n<li><strong>The state privatization program: <\/strong>The program to sell shares of already-listed state-owned companies and to IPO new ones has been in limbo since Eastern Tobacco sold a 4.5% stake back In March. With the IPO of Aramco now passed, look for the program to kick back to life as early as January 2020 with a roadshow for the IPO of Banque du Caire \u2014 global market conditions permitting.<\/li>\n<li><strong>Raising foreign direct investment: <\/strong>One of the disappointments of the economic reform program had been the fact that non-oil foreign direct investment (FDI) has never reached the USD 10 bn target that was set back in 2016. While private equity and VC investors have found Egypt appealing and M&A activity was strong in 2019, we\u2019ve yet to see significant investment from global strategic investors.<\/li>\n<li><strong>Raising exports: <\/strong>The non-oil trade balance during FY2018-19 wasn\u2019t hot. The deficit widened by 13.4% to USD 38 bn, driven both by a fall in exports and a rise in imports, which the CBE said was partly due to a pickup in economic activity. This runs contrary to the government\u2019s mission to raise exports. The government\u2019s flagship program for this, the Export Subsidy Fund, had largely faltered due to delays in paying out export subsidies. Other issues on this front that will probably need to be tackled, including policies for key industries (such as the automotive sector) and facilitating land and utility prices for industry.<\/li>\n<li><strong>Financial inclusion: <\/strong>While the CBE has made significant headway on this with new regulations for the banking sector and the launch of its Meeza card, the flagship government program has been the SMEs Act, which only just received committee-level approval in the House of Representatives last week. The parallel economy is possibly as large as the formal economy. Fixing that needs a push to widen the tax base, not to squeeze more blood out of those already paying.<\/li>\n<\/ul>\n<p><strong>On the social front<\/strong>, the government had launched its universal healthcare program in the Canal cities, and a new education system that relies less on rote memorization. Both programs look set to continue.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cabinet-shuffle\/\">cabinet shuffle<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/moustafa-madbouly\/\">Moustafa Madbouly<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"591987\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"591988\" 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=\"591988\">\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\/23\/egypts-former-military-chief-of-staff-sami-anan-released-after-two-year-detention\/\">\r\n                            Egypt\u2019s former military chief of staff Sami Anan released after two-year detention                        <\/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\/23\/egypts-former-military-chief-of-staff-sami-anan-released-after-two-year-detention\/\" 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\/23\/egypts-former-military-chief-of-staff-sami-anan-released-after-two-year-detention\/')\">\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\/23\/egypts-former-military-chief-of-staff-sami-anan-released-after-two-year-detention\/\">\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\u2019s former military chief of staff Sami Anan released after two-year detention&url=https:\/\/enterpriseam.com\/egypt\/2019\/12\/23\/egypts-former-military-chief-of-staff-sami-anan-released-after-two-year-detention\/\">\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\/23\/egypts-former-military-chief-of-staff-sami-anan-released-after-two-year-detention\/&title=Egypt\u2019s former military chief of staff Sami Anan released after two-year detention\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt%E2%80%99s+former+military+chief+of+staff+Sami+Anan+released+after+two-year+detention+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F12%2F23%2Fegypts-former-military-chief-of-staff-sami-anan-released-after-two-year-detention%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\/23\/egypts-former-military-chief-of-staff-sami-anan-released-after-two-year-detention\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-591988\" class=\"content-area-description single-story post-591988 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-armed-forces tag-egypt-in-the-news tag-enterpriseam tag-human-rights tag-national-security tag-politics tag-sisi wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Former Armed Forces Chief of Staff Sami Anan has been released<\/strong> from detention after almost two years, <a href=\"https:\/\/apnews.com\/fe2697827bd7370cacad888935169fe7\">according to AP<\/a>. Anan\u2019s lawyer said he was released for \u201chealth reasons.\u201d Anan had been sentenced to a nine-year jail term by a military court after having been <a href=\"https:\/\/enterprise.press\/stories\/2018\/01\/24\/anan-detained-by-army-campaign-organizers-say\/\">arrested<\/a> while reportedly contemplating a run in last year\u2019s presidential elections. <a href=\"https:\/\/www.reuters.com\/article\/us-egypt-politics-anan\/egypts-ex-military-chief-of-staff-released-after-near-two-year-detention-idUSKBN1YQ0IC\">Reuters also has the story<\/a>.<\/p>\n<p><strong>What Brits should expect when visiting Sharm:<\/strong> As British tourists return to Sharm El Sheikh, the Sunday Times\u2019 chief travel writer Chris Haslam <a href=\"https:\/\/www.thetimes.co.uk\/article\/sharm-el-sheikh-is-back-in-action-82stk7tvc\">highlights the changes<\/a> he could see after visiting the resort city for a week, where he was greeted with complimentary tea, flowers, taxi rides, and even a stuffed camel.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/armed-forces\/\">Armed Forces<\/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\/human-rights\/\">human rights<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/national-security\/\">national security<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/politics\/\">politics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sisi\/\">Sisi<\/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=\"591989\" 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=\"591989\">\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\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/23\/libyas-gna-responds-to-egypts-denunciation-of-turkey-agreements\/\">\r\n                            Libya\u2019s GNA responds to Egypt\u2019s denunciation of Turkey 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\/23\/libyas-gna-responds-to-egypts-denunciation-of-turkey-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\/23\/libyas-gna-responds-to-egypts-denunciation-of-turkey-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\/23\/libyas-gna-responds-to-egypts-denunciation-of-turkey-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=Libya\u2019s GNA responds to Egypt\u2019s denunciation of Turkey agreements&url=https:\/\/enterpriseam.com\/egypt\/2019\/12\/23\/libyas-gna-responds-to-egypts-denunciation-of-turkey-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\/23\/libyas-gna-responds-to-egypts-denunciation-of-turkey-agreements\/&title=Libya\u2019s GNA responds to Egypt\u2019s denunciation of Turkey 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=Libya%E2%80%99s+GNA+responds+to+Egypt%E2%80%99s+denunciation+of+Turkey+agreements+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F12%2F23%2Flibyas-gna-responds-to-egypts-denunciation-of-turkey-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\/23\/libyas-gna-responds-to-egypts-denunciation-of-turkey-agreements\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-591989\" class=\"content-area-description single-story post-591989 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-diplomacy tag-diplomacy-foreign-trade tag-enterpriseam tag-libya wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Libya\u2019s GNA responds to Egypt\u2019s denunciation of Turkey agreements: <\/strong>The Libyan UN mission has sent a letter to the Security Council responding to Egypt\u2019s criticism of two military cooperation and border demarcation MoUs signed last month between the GNA and Turkey, saying they are not in violation of the Shkirat peace agreement as <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/01\/egypt-condemns-libya-turkey-mediterranean-agreement-7320\/\">Egypt has claimed<\/a>, reports <a href=\"https:\/\/www.libyaobserver.ly\/news\/libyas-un-mission-responds-egypts-protest-against-mous-turkey\">the Libya Observer<\/a>. The GNA says that Egypt is the one violating international law by its support of the GNA\u2019s rival general, Khalifa Haftar. The Libyan government activated the military pact <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/22\/libyan-government-activates-its-military-pact-with-turkey-egypt-voices-concerns-8845\/\">earlier this week<\/a>, prompting Egypt to renew its denunciation.<\/p>\n<p>Meanwhile, <strong>Foreign Minister Sameh Shoukry is drumming up more support from Europe on the Libya issue<\/strong>, speaking yesterday to his Italian counterpart Luigi Di Maio over the phone and with Greece\u2019s Foreign Minister Nikos Dendias in Cairo, <a href=\"https:\/\/www.facebook.com\/MFAEgypt\/posts\/3426270104111578\">according to a ministry statement<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"591994\" 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=\"591994\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/23\/the-market-yesterday-234\/\">\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\/23\/the-market-yesterday-234\/\" 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\/23\/the-market-yesterday-234\/')\">\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\/23\/the-market-yesterday-234\/\">\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\/23\/the-market-yesterday-234\/\">\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\/23\/the-market-yesterday-234\/&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%2F23%2Fthe-market-yesterday-234%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\/23\/the-market-yesterday-234\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-591994\" class=\"content-area-description single-story post-591994 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><strong>EGP \/ USD CBE market average: <\/strong>Buy 15.98 | Sell 16.08<\/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> (Sunday): 13,893 (+0.4%)<\/p>\n<p><strong>Turnover:<\/strong> EGP 384 mn (47% below the 90-day average)<\/p>\n<p><strong>EGX 30 year-to-date<\/strong>: +6.6%<\/p>\n<p><strong>THE MARKET ON SUNDAY:<\/strong> The EGX30 ended Sunday\u2019s session up 0.4%. CIB, the index\u2019s heaviest constituent, ended up 0.6%. EGX30\u2019s top performing constituents were Pioneers Holding up 2.5%, Madinet Nasr Housing up 2.1%, and Orascom Development Holding up 1.7%. Yesterday\u2019s worst performing stocks were Ibnsina Pharma down 1.0%, Sidi Kerir Petrochemicals down 0.9% and Ezz Steel down 0.7%. The market turnover was EGP 384 mn, and foreign investors were the sole net buyers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Long | EGP +52.7 mn<\/p>\n<p><strong>Regional<\/strong>: Net Short | EGP -10.8 mn<\/p>\n<p><strong>Domestic<\/strong>: Net Short | EGP -42.0 mn<\/p>\n<p><strong>Retail<\/strong>: 55.9% of total trades | 51.0% of buyers | 60.8% of sellers<\/p>\n<p><strong>Institutions<\/strong>: 44.1% of total trades | 49.0% of buyers | 39.2% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 60.30 (-0.23%)<\/p>\n<p><strong>Brent:<\/strong> USD 65.98 (-0.24%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 2.25 MMBtu (-3.31%, January 2020 contract)<\/p>\n<p><strong>Gold:<\/strong> USD 1,484.90 \/ troy ounce (+0.27%)<\/p>\n<p><strong>TASI:<\/strong> 8,300.73 (+0.11%) (YTD: +6.06%)<\/p>\n<p><strong>ADX:<\/strong> 5,075.49 (-0.33%) (YTD: +3.26%)<\/p>\n<p><strong>DFM:<\/strong> 2,763.02 (-0.20%) (YTD: +9.22%)<\/p>\n<p><strong>KSE Premier Market:<\/strong> 6,973.73 (+1.51%)<\/p>\n<p><strong>QE:<\/strong> 10,474.13 (+1.29%) (YTD: +1.70%)<\/p>\n<p><strong>MSM:<\/strong> 3,927.57 (+0.28%) (YTD: -9.16%)<\/p>\n<p><strong>BB: <\/strong>1,593.27 (+0.58%) (YTD: +19.14%)<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-market-yesterday\/\">The Market Yesterday<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"591995\" 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\/23\/591995\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-591995\" class=\"content-area-description single-story post-591995 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\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":591964,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-591963","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"c8429b45-3eab-43fe-88a6-3845e1bc623f","teaser":"","photo_url":"https:\/\/ent.news\/2016\/8\/1170.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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