{"id":592955,"date":"2019-11-13T04:11:22","date_gmt":"2019-11-13T04:11:22","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=592955"},"modified":"2025-12-16T17:19:09","modified_gmt":"2025-12-16T17:19:09","slug":"sovereign-wealth-funds-ceo-were-creating-new-investment-opportunities-for-the-private-sector","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/sovereign-wealth-funds-ceo-were-creating-new-investment-opportunities-for-the-private-sector\/","title":{"rendered":"Sovereign wealth fund\u2019s CEO: We\u2019re creating new investment opportunities for the private sector"},"content":{"rendered":"<section id=\"592957\" 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=\"592957\">\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\/11\/13\/what-were-tracking-on-13-november-2019\/\">\r\n                            What we\u2019re tracking on 13 November 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\/11\/13\/what-were-tracking-on-13-november-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\/11\/13\/what-were-tracking-on-13-november-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\/11\/13\/what-were-tracking-on-13-november-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 13 November 2019&url=https:\/\/enterpriseam.com\/egypt\/2019\/11\/13\/what-were-tracking-on-13-november-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\/11\/13\/what-were-tracking-on-13-november-2019\/&title=What we\u2019re tracking on 13 November 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+13+November+2019+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F11%2F13%2Fwhat-were-tracking-on-13-november-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\/11\/13\/what-were-tracking-on-13-november-2019\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-592957\" class=\"content-area-description single-story post-592957 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-amcham tag-central-bank-of-egypt tag-enterpriseam tag-interest-rates tag-monetary-policy tag-moustafa-madbouly tag-policy tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The launch of Egypt\u2019s sovereign wealth fund (which we now know is called THARAA, <\/strong><strong>or \u201cwealth\u201d in Arabic) again dominates headlines this morning. <\/strong>CEO Ayman Soliman held a media roundtable, and we had a chat with him later about the fund, its operating principles, and how it aims to attract the private sector to Egyptian opportunities. We have edited excerpts of our talk and a roundup of news of the fund in the first two stories of this morning\u2019s Speed Round, below.<\/p>\n<p><strong>It\u2019s interest rate day tomorrow: <\/strong>The CBE meets on Thursday to review interest rates, with five of the six economists we surveyed last week predicting a rate cut. A <a href=\"https:\/\/www.reuters.com\/article\/us-egypt-economy\/egypts-central-bank-seen-making-third-straight-cut-to-key-rates-reuters-poll-idUSKBN1XM0QQ\">Reuters poll<\/a> of economists saw the 12 of 14 surveyed expecting a rate cut, with two anticipating a 50 bps cut, eight anticipating a 100 bps cut, and two saying the Monetary Policy Committee could get aggressive with a 150 bps cut. Another two economists predict rates to remain on hold.<\/p>\n<p><strong>Our friends at AmCham are hosting the US-Egypt Future Prosperity Forum<\/strong><strong> on Monday, 18 November<\/strong>, with Prime Minister Moustafa Madbouly, US Deputy Assistant Secretary of Commerce for Manufacturing Ian Steff, and several Egyptian ministers scheduled to speak. You can check out the full agenda <a href=\"https:\/\/www.amcham.org.eg\/mail\/agenda181119.html\">here<\/a>.<\/p>\n<p><strong>The maiden Egypt Economic Summit wrapped up yesterday. <\/strong>Panels looked at banking and finance, ICT, industry, investment, and real estate. <a href=\"https:\/\/www.youm7.com\/story\/2019\/11\/12\/%D9%82%D9%85%D8%A9-%D9%85%D8%B5%D8%B1-%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A%D8%A9-%D8%AA%D9%82%D8%AF%D9%85-41-%D8%AA%D9%88%D8%B5%D9%8A%D8%A9-%D9%84%D9%84%D9%86%D9%87%D9%88%D8%B6-%D8%A8%D8%A7%D9%84%D9%82%D8%B7%D8%A7%D8%B9%D8%A7%D8%AA-%D8%A7%D9%84%D9%85%D8%AE%D8%AA%D9%84%D9%81%D8%A9-%D9%81%D9%89\/4500375\">Youm7<\/a> has a rundown on the 41 recommendations for each sector provided by the panelists.<\/p>\n<p><strong>EFG\u2019s new mortgage financing arm Bedaya will begin operating before the year is out,<\/strong> CEO Karim Awad <a href=\"https:\/\/www.efghermes.com\/en\/News\/Pages\/Corporate-News-Details.aspx?wurl=\/en\/News&lid=64f7e8df-e76b-42cf-9180-30f24b4b9ed1&vid=9310a3fc-11e6-4145-927d-c49e5a218ddf&iid=416\">said in a statement yesterday<\/a>. \u201cWe proactively built a strong and growing NBFI platform over the past few years as we continue to actively explore new venues for further expansion to lead the market with new products,\u201d Awad noted.<\/p>\n<p><strong>A Vietnamese Industry and Trade Ministry delegation will visit Egypt from 1-6 December<\/strong> to kick the tires on investment in logistics and trade, <a href=\"https:\/\/en.vietnamplus.vn\/vietnam-to-study-logistics-investment-in-egypt\/163564.vnp\">Vietnamese media reported yesterday<\/a>.<\/p>\n<p class='web-image stand-out-borderless' ><a href='http:\/\/somabay.com\/'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/11\/somabay-1600.jpg?ssl=1\"><\/a>Somabay is home to five luxury resorts, a lively marina, and outlets for premium entertainment and relaxation. Somabay caters to diverse tastes with a common thread of well-being,<\/p>\n<p>relaxation, and sheer enjoyment of life that is reflected in all its hotels & facilities<\/p>\n<p><strong>Individual investors will need to max out their bids if they want to get in on the Aramco <\/strong><strong>offering.<\/strong> A company statement yesterday said retail investors will need to bid at the upper end of the price range if they want to get a piece of potentially the largest IPO in history, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-11-12\/aramco-retail-investors-must-bid-at-top-end-of-ipo-price-range\">according to Bloomberg<\/a>. Refunds or additional shares will be handed out if the final price is lower than the top end, the statement said. The price range will be announced on 17 November and the final price on 5 December.<\/p>\n<p><strong>Saudi has launched a marketing blitz to get as many citizens as possible to invest in the <\/strong><strong>company,<\/strong> <a href=\"https:\/\/www.wsj.com\/articles\/saudis-are-urged-not-to-miss-the-train-on-aramco-ipo-11573560000?mod=hp_lead_pos4\">the Wall Street Journal reports<\/a>. Banks are handing out loans to purchase shares, a state media campaign is urging people to invest, and the listing adorns billboards and ATMs across the country. <\/p>\n<p><strong>Lebanon calls on Arab states for aid:<\/strong> Lebanese President Michel Aoun yesterday asked Arab ambassadors for financial assistance to rescue the country from a growing economic crisis, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-11-12\/lebanese-president-urges-arab-nations-to-ease-economic-crisis?srnd=premium-middle-east\">Bloomberg reports<\/a>.<\/p>\n<p class='web-image' ><a href='https:\/\/www.bloomberg.com\/news\/articles\/2019-11-12\/world-s-rich-readying-for-major-stock-sell-off-ubs-wealth-says?srnd=premium-middle-east'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/11\/2141.jpg?ssl=1\"><\/a><\/p>\n<p><strong>The world\u2019s rich are penciling in a \u201cmajor\u201d sell-off next year<\/strong>, with a large number of wealthy investors converting their assets into cash, UBS Global Wealth Management said, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-11-12\/world-s-rich-readying-for-major-stock-sell-off-ubs-wealth-says?srnd=premium-middle-east\">according to Bloomberg<\/a>. Of the 3,400 respondents in a survey, around 80% said they expect volatility to rise next year, and more than half anticipate \u201ca significant market sell-off before the end of 2020.\u201d<\/p>\n<p><strong>A Merrill Lynch survey offers a markedly different view,<\/strong> suggesting that the amount of cash-on-hand among asset managers is at its lowest level since 2013, falling to 4.2% as investors take on more risk.<\/p>\n<p><strong>This suggests fresh record highs on US indices will keep investors ploughing money <\/strong><strong>into equities.<\/strong> Recession fears have faded into the background, as investors become more concerned with riding the current sugar high in the US markets generated by hopes of a US-China trade agreement. <a href=\"https:\/\/www.cnbc.com\/2019\/11\/12\/fear-of-missing-out-has-replaced-recession-concerns-bofa-survey-finds.html\">CNBC has more on the survey<\/a>.<\/p>\n<p class='web-image'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/11\/2305.jpg?ssl=1\"><\/p>\n<p><strong>So-called alternative data is gaining credibility as a vehicle for investors to assess<\/strong><strong> global economics and politics<\/strong>, supplementing official government reports and corporate filings, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-11-09\/how-big-investors-cash-in-on-alternative-data-quicktake?srnd=premium-middle-east\">Bloomberg reports<\/a>. This alternative data includes a wide range of material \u2014 from vehicle sales and electricity consumption shedding light on a country\u2019s annual growth to tweets about jobs providing information about the state of a country\u2019s employment. Using this data to identify patterns that can then be used to determine particular economic trends is becoming big business, with global spending on alternative data providers due to soar to USD 900 mn by 2021, almost double the level it was in 2017.<\/p>\n<p><strong>Google is creeping on your health records:<\/strong> Google has been collecting personal health data on \u201cmns\u201d of US residents without notifying the patients in question nor their doctors in an initiative dubbed \u201cProject Nightingale,\u201d the <a href=\"https:\/\/www.wsj.com\/articles\/google-s-secret-project-nightingale-gathers-personal-health-data-on-millions-of-americans-11573496790\">Wall Street Journal reports<\/a>.<\/p><\/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\/amcham\/\">AmCham<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/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\/moustafa-madbouly\/\">Moustafa Madbouly<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/policy\/\">policy<\/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=\"592958\" 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-yt8flo9\" data-v=\"4\" data-block-id=\"yt8flo9\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-yt8flo9-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-yt8flo9-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-gjcnqge\" data-v=\"4\" data-block-id=\"gjcnqge\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-gjcnqge-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-gjcnqge-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-b279nfz\" data-v=\"4\" data-block-id=\"b279nfz\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-b279nfz-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-b279nfz-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-9vpx684\" data-v=\"4\" data-block-id=\"9vpx684\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-9vpx684-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-9vpx684-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240926.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.qalaaholdings.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/110691.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Driving growth<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-left\" class=\"svg-inline--fa fa-chevron-left\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M34.52 239.03L228.87 44.69c9.37-9.37 24.57-9.37 33.94 0l22.67 22.67c9.36 9.36 9.37 24.52.04 33.9L131.49 256l154.02 154.75c9.34 9.38 9.32 24.54-.04 33.9l-22.67 22.67c-9.37 9.37-24.57 9.37-33.94 0L34.52 272.97c-9.37-9.37-9.37-24.57 0-33.94z\"><\/path><\/svg><\/button><button class=\"stk-block-carousel__button stk-block-carousel__button__next\" aria-label=\"Next slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-right\" class=\"svg-inline--fa fa-chevron-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M285.476 272.971L91.132 467.314c-9.373 9.373-24.569 9.373-33.941 0l-22.667-22.667c-9.357-9.357-9.375-24.522-.04-33.901L188.505 256 34.484 101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg><\/button><\/div><\/div><div class=\"stk-block-carousel__dots\" role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"592959\" 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=\"592959\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/13\/last-nights-talk-shows-for-wednesday-13-november-2019\/\">\r\n                            Last night\u2019s talk shows for Wednesday, 13 November 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\/11\/13\/last-nights-talk-shows-for-wednesday-13-november-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\/11\/13\/last-nights-talk-shows-for-wednesday-13-november-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\/11\/13\/last-nights-talk-shows-for-wednesday-13-november-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=Last night\u2019s talk shows for Wednesday, 13 November 2019&url=https:\/\/enterpriseam.com\/egypt\/2019\/11\/13\/last-nights-talk-shows-for-wednesday-13-november-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\/11\/13\/last-nights-talk-shows-for-wednesday-13-november-2019\/&title=Last night\u2019s talk shows for Wednesday, 13 November 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=Last+night%E2%80%99s+talk+shows+for+Wednesday%2C+13+November+2019+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F11%2F13%2Flast-nights-talk-shows-for-wednesday-13-november-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\/11\/13\/last-nights-talk-shows-for-wednesday-13-november-2019\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-592959\" class=\"content-area-description single-story post-592959 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-cit tag-enterprise-last-nights-talk-shows tag-enterpriseam tag-infrastructure wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>It was a surprisingly uneventful night on the airwaves:<\/strong> The chattering heads were strangely mute on the sovereign wealth fund roundtable meeting, which dominated the news cycle in the print media.<\/p>\n<p><strong>What did our trusted anchors decide was more important? The \u201cAyat girl\u201d case, for one,<\/strong> <strong>which received blanket coverage.<\/strong> General Prosecutor Hamada El Sawy said there will be no legal repercussions for 15-year-old Amira Rizk, who stabbed a bus driver to death in self defense after he attempted to [redacted] assault her. Al Hayah Al Youm\u2019s Khaled Abu Bakr (<a href=\"https:\/\/www.youtube.com\/watch?v=Qmn_f8sQ6XM\">watch, runtime: 5:36<\/a>), Masaa DMC\u2019s Eman El Hosary (<a href=\"https:\/\/www.youtube.com\/watch?v=TJ_6W8-Z2rM\">watch, runtime: 1:46<\/a>), and Hona Al Asema\u2019s Reham Ibrahim (<a href=\"https:\/\/www.youtube.com\/watch?v=1LkAWWnRi6E\">watch, runtime: 2:51<\/a>) all took note.<\/p>\n<p><strong>The Egypt Economic Summit also got some screen time,<\/strong> with Abu Bakr giving us his summary of proceedings <a href=\"https:\/\/www.youtube.com\/watch?v=aL0mhOe0RcQ\">(watch, runtime: 4:38)<\/a>. Trade Minister Amr Nassar said during his opening speech that <strong>Egypt invested EGP 900 bn in infrastructure over the past five years.<\/strong> <a href=\"https:\/\/www.youm7.com\/story\/2019\/11\/12\/%D9%82%D9%85%D8%A9-%D9%85%D8%B5%D8%B1-%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A%D8%A9-%D8%AA%D9%82%D8%AF%D9%85-41-%D8%AA%D9%88%D8%B5%D9%8A%D8%A9-%D9%84%D9%84%D9%86%D9%87%D9%88%D8%B6-%D8%A8%D8%A7%D9%84%D9%82%D8%B7%D8%A7%D8%B9%D8%A7%D8%AA-%D8%A7%D9%84%D9%85%D8%AE%D8%AA%D9%84%D9%81%D8%A9-%D9%81%D9%89\/4500375\">Youm7<\/a> has a rundown on the 41 recommendations given by panelists for the financial, IT, industrial, and housing sectors.<\/p>\n<p><strong>One small step for Egypt: <\/strong>Egypt will launch on 22 November its first communication satellite, Tiba-1, from the French Guyanese town of Kourou, Abu Bakr reported (<a href=\"https:\/\/www.youtube.com\/watch?v=3ZiRVk5KZ54\">watch, runtime: 1:16<\/a>). Tiba-1 will provide internet services to Egypt and some North African countries.<\/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\/cit\/\">CIT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-last-nights-talk-shows\/\">Enterprise+: Last Night\u2019s Talk Shows<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"592960\" 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=\"592960\">\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\/11\/13\/our-exclusive-talk-with-ayman-soliman-ceo-of-tharaa-egypts-new-sovereign-wealth-fund\/\">\r\n                            Our exclusive talk with Ayman Soliman, CEO of THARAA \u2014 Egypt\u2019s new sovereign wealth fund                        <\/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\/11\/13\/our-exclusive-talk-with-ayman-soliman-ceo-of-tharaa-egypts-new-sovereign-wealth-fund\/\" 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\/11\/13\/our-exclusive-talk-with-ayman-soliman-ceo-of-tharaa-egypts-new-sovereign-wealth-fund\/')\">\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\/11\/13\/our-exclusive-talk-with-ayman-soliman-ceo-of-tharaa-egypts-new-sovereign-wealth-fund\/\">\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=Our exclusive talk with Ayman Soliman, CEO of THARAA \u2014 Egypt\u2019s new sovereign wealth fund&url=https:\/\/enterpriseam.com\/egypt\/2019\/11\/13\/our-exclusive-talk-with-ayman-soliman-ceo-of-tharaa-egypts-new-sovereign-wealth-fund\/\">\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\/11\/13\/our-exclusive-talk-with-ayman-soliman-ceo-of-tharaa-egypts-new-sovereign-wealth-fund\/&title=Our exclusive talk with Ayman Soliman, CEO of THARAA \u2014 Egypt\u2019s new sovereign wealth fund\">\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=Our+exclusive+talk+with+Ayman+Soliman%2C+CEO+of+THARAA+%E2%80%94+Egypt%E2%80%99s+new+sovereign+wealth+fund+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F11%2F13%2Four-exclusive-talk-with-ayman-soliman-ceo-of-tharaa-egypts-new-sovereign-wealth-fund%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\/11\/13\/our-exclusive-talk-with-ayman-soliman-ceo-of-tharaa-egypts-new-sovereign-wealth-fund\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/74.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"592961\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/13\/our-exclusive-talk-with-ayman-soliman-ceo-of-tharaa-egypts-new-sovereign-wealth-fund\/74-jpg-28\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/74.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"74.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/74.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/74.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-592960\" class=\"content-area-description single-story post-592960 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round tag-enterpriseam tag-investment-watch tag-sovereign-fund-of-egypt tag-speed-round 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>Our exclusive talk with Ayman Soliman, CEO of THARAA \u2014 Egypt\u2019s new sovereign <\/strong><strong>wealth fund:<\/strong> Egypt\u2019s sovereign wealth fund could see its authorized capital increased to EGP 1 tn from a current EGP 200 bn. \u201cWe expect to increase our licensed capital within three years to EGP 1 tn or less \u2026 it all depends on the investors\u2019 response and investment appetite,\u201d newly appointed CEO Ayman Soliman told the press yesterday (see, for example, <a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL8N27S2ZT\">Reuters<\/a>). His statements confirm those by <a href=\"https:\/\/enterprise.press\/stories\/2019\/11\/04\/sovereign-wealth-fund-capital-to-quintuple-to-egp-1-tn\/\">Planning Minister Hala El Said last week<\/a>, and back President Abdel Fattah El Sisi\u2019s statements that the fund could see its capital raised into the several tn EGP range. \u201cThe sectors we will work in include industry, traditional and renewable energy, tourism,\u201d Soliman added.<\/p>\n<p><strong>Soliman also revealed that the name of the fund will be THARAA<\/strong> (Arabic for wealth) at a press roundtable. He went on to state that Egypt has plenty of state assets and projects that would be of interest to investors, <a href=\"https:\/\/almalnews.com\/%d8%a7%d9%84%d8%b5%d9%86%d8%af%d9%88%d9%82-%d8%a7%d9%84%d8%b3%d9%8a%d8%a7%d8%af%d9%8a-%d8%ab%d8%b1%d8%a7%d8%a1-%d9%8a%d8%aa%d8%b1%d9%82%d8%a8-%d8%a7%d9%86%d8%aa%d9%82%d8%a7%d9%84-%d9%85%d9%84%d9%83\/\">according to Al Mal<\/a>.<\/p>\n<p><strong>We had an exclusive chat with Soliman <\/strong>that dove deeper into the weeds, looking at the fund\u2019s strategy, how it will operate, its primary pitch to investors and how it will operate in a challenging global macro climate? Edited excerpts from our discussion:<\/p>\n<p><strong>The goal: <\/strong>In a nutshell, THARAA hopes to attract and steer investment toward sectors that the state sees as vital to the economy, Soliman tells us. The fund, through its investments and its subsequent sub-funds, aims to sustainably generate income and create value. The long-term ambition is significant: Soliman aims to see more Egyptian multinationals grow out of the investments that THARAA makes, saying their success will help raise Egypt\u2019s regional and global economic clout.<\/p>\n<p><strong>The strategy: <\/strong>THARAA will operate through three types of partnerships. The first will see it partner with private-sector investors in specific industries. The second will see it partner with other sovereign wealth funds, while the third will see it partner with the private sector on specific projects through PPP, JVs and other sub-funds, Soliman said. The fund\u2019s strategy will see it follow a private equity-style model of investing, he added, so we can expect a flurry of M&A coming from the fund. <strong>The model will see THARAA offer stakes of variable sizes in companies and projects across industries<\/strong>, suggesting that the fund does not plan to hold majority stakes in all of its projects.<\/p>\n<p><strong>The fund\u2019s focus industries include:<\/strong> Food, pharma, industry, infrastructure and energy, among others. Down the road, it will also explore the agrifoods business. Soliman says there has been significant interest from regional and global investors, particularly in Egyptian power plants, pharma, and agrifoods. Soliman had revealed on Monday that as many as six international investors have expressed interest in the Siemens-combined cycle power plants transaction.<\/p>\n<p><strong>The fund has no intention whatsoever in crowding out the private sector<\/strong>, Soliman assured us. \u201cWe do not plan to get involved in any project where investors are already involved and locked in on,\u201d adding that \u201cWe will create opportunities exclusive to the fund, or opportunities that would benefit from the fund\u2019s involvement.\u201d<\/p>\n<p><strong>THARAA is currently focused on institutional investors<\/strong>, with plans to draw in retail investors at a later stage.<\/p>\n<p><strong>IPOs and other exits are on the fund\u2019s long-term agenda<\/strong>, he added.<\/p>\n<p><strong>The fund will also take a long-term approach to its portfolio investments<\/strong>, creating its own sustainable yield curve within four years of operation, Soliman said.<\/p>\n<p><strong>Timeline: <\/strong>Currently, the fund\u2019s focus is on creating partnerships for specific projects and sectors, he said. We\u2019ve seen that with the announcement that THARAA i<a href=\"https:\/\/enterprise.press\/stories\/2019\/11\/12\/egypts-swf-could-take-a-30-stake-in-siemens-oc-elsewedy-power-plants-soliman-6158\/\">s looking to acquire a<\/a><a href=\"https:\/\/enterprise.press\/stories\/2019\/11\/12\/egypts-swf-could-take-a-30-stake-in-siemens-oc-elsewedy-power-plants-soliman-6158\/\">sizeable<\/a><a href=\"https:\/\/enterprise.press\/stories\/2019\/11\/12\/egypts-swf-could-take-a-30-stake-in-siemens-oc-elsewedy-power-plants-soliman-6158\/\">stake<\/a> in the Siemens \/ Orascom Construction \/ Elsewedy Electric power plants, with an eye towards closing the transaction next year.<\/p>\n<p><strong>Where is the opportunity for investors?<\/strong> \u201cWhat distinguishes THARAA from other funds is that it will provide access and exclusive opportunities to investors that would not be available to them otherwise,\u201d Soliman said. It will open up important and niche sectors that have often remained closed and make them accessible to the private sector, he added, giving as an example the management of historic sites and monuments, to which the private sector may have access through the fund. It is also authorized to invest in infrastructure projects through PPP and other frameworks, including the newly introduced transfer-own-operate (TOO) framework.<\/p>\n<p><strong>Why launch THARAA now?<\/strong> \u201cWe see that now we have an 18-month window before traditionally strong emerging markets, which have seen a downturn this year, start picking back up again,\u201d said Soliman. Broadly speaking, Egypt is among the most attractive emerging market economies today, said Soliman: It has strong fundamentals as well as the demographics, consumer market and needed to drive growth. Egypt also offers above-average yields, drawing in portfolio investors, he said.<\/p>\n<p><strong>Launching THARAA amid a challenging global macro climate:<\/strong> Soliman sees opportunity in launching THARAA in a challenging global macro climate for a variety of reasons. He sees Egypt\u2019s solid investment case as hooking investors who exited emerging markets this year. He also notes that Egypt managed to bring in hot-money portfolio investors in the worst of times thanks to high yields. THARAA can leverage this to draw them into more long-term instruments, says Soliman, who sees this as possibly providing a catalyst to re-energize capital markets here and spur the rise of things such as the corporate bond market in Egypt. Furthermore, big emerging markets are expanding economically outside their borders, such as China\u2019s Belt and Road initiative. Egypt is strategically placed to take advantage of this, he added.<\/p>\n<p><strong>Ensuring THARAA doesn\u2019t become 1MDB:<\/strong> How can we ensure the fund will be managed with transparency and good governance? \u201cFirst, through the quality of our partners and partnerships,\u201d said Soliman. By virtue of bringing in foreign and well-established partners, the fund is obliged to operate on the strictest standards of transparency, he said. Furthermore, the process of taking projects and companies to market is, by design and requirement, transparent. THARAA is also a member of the International Forum of Sovereign Wealth Funds, which promotes adherence to corporate governance and transparency requirements.<\/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\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sovereign-fund-of-egypt\/\">Sovereign Fund of Egypt<\/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=\"592980\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"592981\" 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=\"592981\">\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\/11\/13\/egypt-in-the-news-on-13-november-2019\/\">\r\n                            Egypt in the News on 13 November 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\/11\/13\/egypt-in-the-news-on-13-november-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\/11\/13\/egypt-in-the-news-on-13-november-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\/11\/13\/egypt-in-the-news-on-13-november-2019\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt in the News on 13 November 2019&url=https:\/\/enterpriseam.com\/egypt\/2019\/11\/13\/egypt-in-the-news-on-13-november-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\/11\/13\/egypt-in-the-news-on-13-november-2019\/&title=Egypt in the News on 13 November 2019\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+in+the+News+on+13+November+2019+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F11%2F13%2Fegypt-in-the-news-on-13-november-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\/11\/13\/egypt-in-the-news-on-13-november-2019\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-592981\" class=\"content-area-description single-story post-592981 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-art tag-egypt-in-the-news tag-enterpriseam tag-human-rights tag-hurghada tag-politics tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The news that Mohamed Salah will miss the two upcoming Afcon 2020 qualifiers is<\/strong> <strong>making waves in the foreign press.<\/strong> The Egyptian star could be sidelined for the next two weeks after picking up an ankle injury during Liverpool\u2019s 3-1 win against Man City on Sunday. This would mean that he misses Egypt\u2019s ties with Kenya tomorrow and the Comoros next Monday. <a href=\"https:\/\/apnews.com\/1e7fffb3a918433e953a840ad135c530\">The Associated Press<\/a> \u2502<a href=\"https:\/\/www.bbc.co.uk\/sport\/football\/50396374\">BBC<\/a> \u2502<a href=\"https:\/\/www.skysports.com\/football\/news\/35849\/11860072\/mohamed-salah-liverpool-forward-out-of-egypt-squad-with-ankle-injury\">Sky Sports<\/a> \u2502<a href=\"https:\/\/www.dailymail.co.uk\/sport\/football\/article-7673407\/Liverpool-major-concerns-Mo-Salahs-ankle-injury-face-nervy-wait-scan-results.html\">Daily Mail<\/a> \u2502<a href=\"https:\/\/www.thesun.co.uk\/sport\/football\/10332032\/salah-robertson-liverpool-injury-worry\/\">The Sun<\/a>.<\/p>\n<p><strong>The biggest story of the day according to the UK tabloids:<\/strong> A British family has accused travel operator Love Holidays of fraud after promising them a stay in a five-star hotel in Hurghada that turned out not to exist. The company then sent them to another hotel which was in the process of being demolished, before forcing them to pay an GBP 8k \u2018holding deposit\u2019 at a third hotel. The UK yellow press is all over this story: <a href=\"https:\/\/www.thesun.co.uk\/travel\/10329789\/egypt-holiday-hotel-built-loveholidays\/\">The Sun<\/a> \u2502<a href=\"https:\/\/www.dailymail.co.uk\/news\/article-7676579\/Family-3-465-dream-Egyptian-holiday-shocked-hotel-doesnt-exist.html\">The Daily Mail<\/a> \u2502<a href=\"https:\/\/www.mirror.co.uk\/news\/world-news\/tourists-land-egypt-find-hotel-20867002\">The Mirror<\/a> \u2502<a href=\"https:\/\/www.dailystar.co.uk\/news\/latest-news\/holiday-horror-group-arrives-egypt-20862260\">The Daily Star<\/a>.<\/p>\n<p>Other headlines to skim this morning:<\/p>\n<ul>\n<li><strong>Human rights:<\/strong> <a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL8N27R76D\">Reuters<\/a> covers <a href=\"https:\/\/enterprise.press\/stories\/2019\/11\/11\/last-nights-talk-shows-for-monday-11-november-2019-6064\/\">the video<\/a> published by the government over the weekend highlighting a visit by security officials to Torah Prison.<\/li>\n<li><strong>Confederation Cup:<\/strong> <a href=\"https:\/\/www.bbc.co.uk\/sport\/football\/50392387\">BBC Sport<\/a> notes that Al Masry and Pyramids have been drawn in the same group in the Confederation Cup, alongside Mauritania\u2019s Nouadhibou and Nigeria\u2019s Enugu Rangers.<\/li>\n<li><strong>Revolution on the walls: <\/strong><a href=\"https:\/\/www.atlanticcouncil.org\/blogs\/menasource\/egypts-protests-art-of-the-revolution\/\">The Atlantic Council<\/a> talks to Egyptian street artist Ammar Abo Bakr about the revolutionary graffiti that once adorned the walls of downtown Cairo.<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/art\/\">art<\/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\/hurghada\/\">Hurghada<\/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\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"592982\" 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=\"592982\">\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\/11\/13\/egypts-el-sisi-russias-defense-minister-shoygu-discuss-military-cooperation\/\">\r\n                            Egypt\u2019s El Sisi, Russia\u2019s Defense Minister Shoygu discuss military cooperation                        <\/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\/11\/13\/egypts-el-sisi-russias-defense-minister-shoygu-discuss-military-cooperation\/\" 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\/11\/13\/egypts-el-sisi-russias-defense-minister-shoygu-discuss-military-cooperation\/')\">\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\/11\/13\/egypts-el-sisi-russias-defense-minister-shoygu-discuss-military-cooperation\/\">\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 El Sisi, Russia\u2019s Defense Minister Shoygu discuss military cooperation&url=https:\/\/enterpriseam.com\/egypt\/2019\/11\/13\/egypts-el-sisi-russias-defense-minister-shoygu-discuss-military-cooperation\/\">\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\/11\/13\/egypts-el-sisi-russias-defense-minister-shoygu-discuss-military-cooperation\/&title=Egypt\u2019s El Sisi, Russia\u2019s Defense Minister Shoygu discuss military cooperation\">\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+El+Sisi%2C+Russia%E2%80%99s+Defense+Minister+Shoygu+discuss+military+cooperation+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F11%2F13%2Fegypts-el-sisi-russias-defense-minister-shoygu-discuss-military-cooperation%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\/11\/13\/egypts-el-sisi-russias-defense-minister-shoygu-discuss-military-cooperation\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-592982\" class=\"content-area-description single-story post-592982 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-diplomacy tag-diplomacy-foreign-trade tag-enterpriseam tag-national-security tag-russia wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Russia-Egypt defense meeting signals growing military ties:<\/strong> Russian Defense Minister Sergey Shoygu yesterday called for closer defense ties during talks with <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/734204893765560\">President Abdel Fattah El Sisi<\/a> and <a href=\"https:\/\/www.facebook.com\/EgyArmySpox\/posts\/1762209213910053\">Defense Minister Mohamed Zaki<\/a>, two days after the two countries concluded a joint military drill in Egypt. Shoygu said the two governments should develop closer military and security links, particularly in efforts to counter terrorism and find international solutions for regional crises such as the Libya and Syria conflicts. Russia and Egypt have been holding joint military exercises since the end of October, prompting <a href=\"https:\/\/enterprise.press\/stories\/2019\/10\/31\/egypt-in-the-news-on-31-october-2019\/\">some commentators to opine<\/a> on Moscow\u2019s growing military involvement on the continent \u2014 especially in the wake of last month\u2019s <a href=\"https:\/\/enterprise.press\/stories\/2019\/10\/24\/el-sisi-brings-up-russian-flights-to-egypt-with-putin-but-no-breakthrough-yet\/\">Russia-Africa summit<\/a>. Russia <a href=\"https:\/\/www.reuters.com\/article\/us-russia-africa\/russia-lands-nuclear-bombers-in-africa-as-putin-hosts-continents-leaders-idUSKBN1X21NS\">sent two nuclear bombers to train in South Africa<\/a> at the end of October, a move apparently timed to coincide with the opening of the summit. The Friendship Arrow air drill <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/355654\/Egypt\/Politics-\/Egypt,-Russia-conclude-%E2%80%98Friendship-Arrow-%E2%80%99-militar.aspx\">wrapped up on Sunday<\/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\/national-security\/\">national security<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/russia\/\">Russia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"592983\" 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=\"592983\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/13\/south-disouq-natgas-field-begins-production\/\">\r\n                            South Disouq natgas field begins production                        <\/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\/11\/13\/south-disouq-natgas-field-begins-production\/\" 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\/11\/13\/south-disouq-natgas-field-begins-production\/')\">\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\/11\/13\/south-disouq-natgas-field-begins-production\/\">\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=South Disouq natgas field begins production&url=https:\/\/enterpriseam.com\/egypt\/2019\/11\/13\/south-disouq-natgas-field-begins-production\/\">\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\/11\/13\/south-disouq-natgas-field-begins-production\/&title=South Disouq natgas field begins production\">\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=South+Disouq+natgas+field+begins+production+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F11%2F13%2Fsouth-disouq-natgas-field-begins-production%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\/11\/13\/south-disouq-natgas-field-begins-production\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-592983\" class=\"content-area-description single-story post-592983 post type-post status-publish format-standard hentry category-energy tag-egas tag-energy tag-enterpriseam tag-oil-and-gas tag-sdx-energy wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>UK oil and gas firm SDX Energy announced yesterday that natural gas production at its South Disouq concession began on 7 November, <a href=\"https:\/\/www.cityam.com\/sdx-energy-begins-gas-production-at-egyptian-site\/\">according to City AM<\/a>. All four of the concession\u2019s discovery wells have been tested and gas has begun flowing at rates expected to meet the company\u2019s 50 mscf\/d target by 1Q2020. SDX Energy owns a 55% stake in the Nile Delta concession, and will sell all of its production to state gas company Egas.<\/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\/egas\/\">EGAS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/oil-and-gas\/\">oil and gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sdx-energy\/\">SDX Energy<\/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=\"592985\" 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=\"592985\">\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\">Basic Materials + Commodities<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/13\/el-rashidy-el-asly-inaugurates-new-egp-200-mn-factory\/\">\r\n                            El Rashidy El Asly inaugurates new EGP 200 mn factory                        <\/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\/11\/13\/el-rashidy-el-asly-inaugurates-new-egp-200-mn-factory\/\" 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\/11\/13\/el-rashidy-el-asly-inaugurates-new-egp-200-mn-factory\/')\">\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\/11\/13\/el-rashidy-el-asly-inaugurates-new-egp-200-mn-factory\/\">\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=El Rashidy El Asly inaugurates new EGP 200 mn factory&url=https:\/\/enterpriseam.com\/egypt\/2019\/11\/13\/el-rashidy-el-asly-inaugurates-new-egp-200-mn-factory\/\">\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\/11\/13\/el-rashidy-el-asly-inaugurates-new-egp-200-mn-factory\/&title=El Rashidy El Asly inaugurates new EGP 200 mn factory\">\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=El+Rashidy+El+Asly+inaugurates+new+EGP+200+mn+factory+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F11%2F13%2Fel-rashidy-el-asly-inaugurates-new-egp-200-mn-factory%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\/11\/13\/el-rashidy-el-asly-inaugurates-new-egp-200-mn-factory\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-592985\" class=\"content-area-description single-story post-592985 post type-post status-publish format-standard hentry category-basic-materials-commodities tag-basic-materials-commodities tag-ebrd tag-el-rashidi-el-mizan tag-enterpriseam tag-ipo-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Confectioner <a href=\"http:\/\/www.elrashidy.com\/\">El Rashidy El Asly<\/a> inaugurated the first phase of its EGP 200 mn factory in Sixth of October City, which will triple the company\u2019s current production levels, <a href=\"https:\/\/almalnews.com\/%d8%a7%d9%84%d8%b1%d8%b4%d9%8a%d8%af%d9%89-%d8%a7%d9%84%d8%a3%d8%b5%d9%84%d9%89-%d8%aa%d9%81%d8%aa%d8%aa%d8%ad-%d8%a7%d9%84%d9%85%d8%b1%d8%ad%d9%84%d8%a9-%d8%a7%d9%84%d8%a3%d9%88\/\">according to Al Mal.<\/a> The factory was partially financed through a loan from the European Bank for Reconstruction and Development, and is scheduled to reach full production capacity by March 2020. The company had reportedly planned to <a href=\"https:\/\/enterprise.press\/stories\/2017\/02\/27\/egyptian-food-manufacturers-eye-expansions-selling-to-new-markets\/\">complete the factory in 2018<\/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\/basic-materials-commodities\/\">Basic Materials + Commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ebrd\/\">EBRD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/el-rashidi-el-mizan\/\">El Rashidi El Mizan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ipo-watch\/\">IPO watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"592986\" 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=\"592986\">\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\">Manufacturing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/13\/healthcare-outfit-icmi-invests-egp-30-mn-to-expand-production\/\">\r\n                            Healthcare outfit ICMI invests EGP 30 mn to expand production                        <\/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\/11\/13\/healthcare-outfit-icmi-invests-egp-30-mn-to-expand-production\/\" 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\/11\/13\/healthcare-outfit-icmi-invests-egp-30-mn-to-expand-production\/')\">\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\/11\/13\/healthcare-outfit-icmi-invests-egp-30-mn-to-expand-production\/\">\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=Healthcare outfit ICMI invests EGP 30 mn to expand production&url=https:\/\/enterpriseam.com\/egypt\/2019\/11\/13\/healthcare-outfit-icmi-invests-egp-30-mn-to-expand-production\/\">\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\/11\/13\/healthcare-outfit-icmi-invests-egp-30-mn-to-expand-production\/&title=Healthcare outfit ICMI invests EGP 30 mn to expand production\">\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=Healthcare+outfit+ICMI+invests+EGP+30+mn+to+expand+production+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F11%2F13%2Fhealthcare-outfit-icmi-invests-egp-30-mn-to-expand-production%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\/11\/13\/healthcare-outfit-icmi-invests-egp-30-mn-to-expand-production\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-592986\" class=\"content-area-description single-story post-592986 post type-post status-publish format-standard hentry category-manufacturing tag-enterpriseam tag-healthcare tag-manufacturing tag-pharma wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Healthcare outfit the International Company For Medical Industries (ICMI) has invested EGP 30 mn to finance its expansion plans in complementary pharma products, Chairman Hisham Saber<a href=\"https:\/\/alborsaanews.com\/2019\/11\/12\/1264091\">told the local press<\/a>. The company recently acquired two factories from New Alfa and Alfa Medical, which will be used to manufacture syringes and solution infusion equipment by early 2020.<\/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\/healthcare\/\">healthcare<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pharma\/\">pharma<\/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=\"592988\" 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=\"592988\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">Automotive + Transportation<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/13\/egypt-to-receive-10-new-locomotives-from-ge-at-the-end-of-november\/\">\r\n                            Egypt to receive 10 new locomotives from GE at the end of November                        <\/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\/11\/13\/egypt-to-receive-10-new-locomotives-from-ge-at-the-end-of-november\/\" 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\/11\/13\/egypt-to-receive-10-new-locomotives-from-ge-at-the-end-of-november\/')\">\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\/11\/13\/egypt-to-receive-10-new-locomotives-from-ge-at-the-end-of-november\/\">\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 to receive 10 new locomotives from GE at the end of November&url=https:\/\/enterpriseam.com\/egypt\/2019\/11\/13\/egypt-to-receive-10-new-locomotives-from-ge-at-the-end-of-november\/\">\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\/11\/13\/egypt-to-receive-10-new-locomotives-from-ge-at-the-end-of-november\/&title=Egypt to receive 10 new locomotives from GE at the end of November\">\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+to+receive+10+new+locomotives+from+GE+at+the+end+of+November+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F11%2F13%2Fegypt-to-receive-10-new-locomotives-from-ge-at-the-end-of-november%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\/11\/13\/egypt-to-receive-10-new-locomotives-from-ge-at-the-end-of-november\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-592988\" class=\"content-area-description single-story post-592988 post type-post status-publish format-standard hentry category-automotive-transportation tag-automotive-transportation tag-enterpriseam tag-infrastructure tag-manufacturing tag-transport wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The Railway Authority will receive <a href=\"https:\/\/enterprise.press\/stories\/2019\/10\/07\/egypt-to-receive-10-locomotives-from-ge-in-november\/\">10 new locomotives<\/a> from General Electric on 28 and 29 November, Transport Minister Kamel El Wazir said, <a href=\"https:\/\/almalnews.com\/%d9%88%d8%b2%d9%8a%d8%b1-%d8%a7%d9%84%d9%86%d9%82%d9%84-%d8%a7%d8%b3%d8%aa%d9%84%d8%a7%d9%85-%d8%a3%d9%88%d9%84-%d8%af%d9%81%d8%b9%d8%a9-%d9%85%d9%86-%d8%ac%d8%b1%d8%a7%d8%b1%d8%a7%d8%aa\/\">according to Al Mal<\/a>. The delivery is part of a <a href=\"https:\/\/enterprise.press\/stories\/2017\/06\/18\/ge-lands-usd-575-mn-contract-to-supply-egypt-with-100-locomotives\/\">USD 575 mn agreement<\/a> to supply 100 new locomotives and refurbish another 81. The US company will build the first 50 locomotives, and deliver them over five batches. The remaining 50 will be manufactured in partnership with local companies.<\/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\/automotive-transportation\/\">Automotive + Transportation<\/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\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/transport\/\">transport<\/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=\"592989\" 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=\"592989\">\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\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/13\/egyptian-tech-startup-fabrigate-plans-to-rejuvenate-red-sea-reefs\/\">\r\n                            Egyptian tech startup Fabrigate plans to rejuvenate Red Sea reefs                        <\/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\/11\/13\/egyptian-tech-startup-fabrigate-plans-to-rejuvenate-red-sea-reefs\/\" 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\/11\/13\/egyptian-tech-startup-fabrigate-plans-to-rejuvenate-red-sea-reefs\/')\">\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\/11\/13\/egyptian-tech-startup-fabrigate-plans-to-rejuvenate-red-sea-reefs\/\">\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 tech startup Fabrigate plans to rejuvenate Red Sea reefs&url=https:\/\/enterpriseam.com\/egypt\/2019\/11\/13\/egyptian-tech-startup-fabrigate-plans-to-rejuvenate-red-sea-reefs\/\">\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\/11\/13\/egyptian-tech-startup-fabrigate-plans-to-rejuvenate-red-sea-reefs\/&title=Egyptian tech startup Fabrigate plans to rejuvenate Red Sea reefs\">\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+tech+startup+Fabrigate+plans+to+rejuvenate+Red+Sea+reefs+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F11%2F13%2Fegyptian-tech-startup-fabrigate-plans-to-rejuvenate-red-sea-reefs%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\/11\/13\/egyptian-tech-startup-fabrigate-plans-to-rejuvenate-red-sea-reefs\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-592989\" class=\"content-area-description single-story post-592989 post type-post status-publish format-standard hentry category-on-your-way-out tag-enterpriseam tag-startups tag-technology wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Egyptian digital printing startup <\/strong><strong><a href=\"https:\/\/www.fabrigate.co\/\">Fabrigate<\/a><\/strong><strong> plans to rejuvenate the Red Sea\u2019s fragile reef <\/strong><strong>ecosystem by 3D-printing coral,<\/strong> <a href=\"https:\/\/egyptianstreets.com\/2019\/11\/12\/the-tech-startup-reviving-egypts-marine-life-with-3d-printed-coral-reefs\/\">Egyptian Streets reports<\/a>. The company claims printing realistic replicas out of biodegradable plastic will help to support marine life if pollution and warming waters continue to damage reefs.<\/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\/startups\/\">startups<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/technology\/\">technology<\/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=\"592990\" 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=\"592990\">\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\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/13\/the-market-yesterday-246\/\">\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\/11\/13\/the-market-yesterday-246\/\" 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\/11\/13\/the-market-yesterday-246\/')\">\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\/11\/13\/the-market-yesterday-246\/\">\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\/11\/13\/the-market-yesterday-246\/\">\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\/11\/13\/the-market-yesterday-246\/&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%2F11%2F13%2Fthe-market-yesterday-246%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\/11\/13\/the-market-yesterday-246\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-592990\" class=\"content-area-description single-story post-592990 post type-post status-publish format-standard hentry category-the-market-yesterday tag-enterpriseam tag-the-market-yesterday wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><p><strong>EGP \/ USD CBE market average: <\/strong>Buy 16.08 | Sell 16.21<\/p>\n<p> <strong>EGP \/ USD at CIB:<\/strong> Buy 16.09 | Sell 16.19<\/p>\n<p> <strong>EGP \/ USD at NBE: <\/strong>Buy 16.08 | Sell 16.18<\/p>\n<p><strong>EGX30<\/strong> (Tuesday): 14,670 (-0.7%)<\/p>\n<p> <strong>Turnover:<\/strong> EGP 698 mn (5% below the 90-day average)<\/p>\n<p> <strong>EGX 30 year-to-date<\/strong>: +12.5%<\/p>\n<p><strong>THE MARKET ON TUESDAY:<\/strong> The EGX30 ended Tuesday\u2019s session down 0.7%. CIB, the index\u2019s heaviest constituent, ended down 0.4%. EGX30\u2019s top performing constituents were Egyptian Resorts up 5.2%, Palm Hills up 2.9%, and Madinet Nasr Housing up 1.7%. Yesterday\u2019s worst performing stocks were Sidi Kerir Petrochemicals down 6.0%, Eastern Company down 5.0% and AMOC down 2.1%. The market turnover was EGP 698 mn, and regional investors were the sole net sellers.<\/p>\n<p><strong>Foreigners<\/strong>: Net long | EGP +9.7 mn<\/p>\n<p> <strong>Regional<\/strong>: Net short | EGP -26.6 mn<\/p>\n<p> <strong>Domestic<\/strong>: Net long | EGP +16.9 mn<\/p>\n<p><strong>Retail<\/strong>: 64.6% of total trades | 68.6% of buyers | 60.5% of sellers<\/p>\n<p> <strong>Institutions<\/strong>: 35.4% of total trades | 31.4% of buyers | 39.5% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 56.75 (-0.1%)<\/p>\n<p> <strong>Brent:<\/strong> USD 62.06 (-0.2%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 2.63 MMBtu, (+0.2%, December 2019 contract)<\/p>\n<p> <strong>Gold:<\/strong> USD 1,457.90 \/ troy ounce (+0.3%)<\/p>\n<p><strong>TASI:<\/strong> 7,981 (+0.7%) (YTD: +2.0%)<\/p>\n<p> <strong>ADX:<\/strong> 5,075 (-0.2%) (YTD: +3.3%)<\/p>\n<p> <strong>DFM:<\/strong> 2,662 (-0.4%) (YTD: +5.3%)<\/p>\n<p> <strong>KSE Premier Market:<\/strong> 6,259 (+0.0%)<\/p>\n<p> <strong>QE:<\/strong> 10,226 (-0.8%) (YTD: -0.7%)<\/p>\n<p> <strong>MSM:<\/strong> 4,053 (-0.5%) (YTD: -6.3%)<\/p>\n<p> <strong>BB: <\/strong>1,510 (-0.4%) (YTD: +12.9%)<\/p><\/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=\"592991\" 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\/11\/13\/592991\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-592991\" class=\"content-area-description single-story post-592991 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>November: Suez Canal Conference for Investment, organized in cooperation with the <a href=\"https:\/\/www.youm7.com\/story\/2019\/5\/21\/%D8%B3%D9%81%D9%8A%D8%B1-%D8%A7%D9%84%D8%A7%D8%AA%D8%AD%D8%A7%D8%AF-%D8%A7%D9%84%D8%A3%D9%88%D8%B1%D9%88%D8%A8%D9%89-%D9%86%D9%86%D8%B8%D9%85-%D9%85%D8%B9-%D9%85%D8%B5%D8%B1-%D9%85%D8%A4%D8%AA%D9%85%D8%B1-%D9%82%D9%86%D8%A7%D8%A9-%D8%A7%D9%84%D8%B3%D9%88%D9%8A%D8%B3-%D9%84%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1\/4251626\">European Union<\/a>.<\/p>\n<p>November: The government <a href=\"https:\/\/www.masrawy.com\/news\/news_economy\/details\/2019\/10\/14\/1652060\/%D8%A5%D8%B7%D9%84%D8%A7%D9%82-%D9%82%D9%85%D8%A9-%D9%85%D8%B5%D8%B1-%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A%D8%A9-%D9%81%D9%8A-%D9%86%D9%88%D9%81%D9%85%D8%A8%D8%B1-%D8%A7%D9%84%D9%85%D9%82%D8%A8%D9%84-%D8%A8%D8%A7%D9%84%D9%82%D8%A7%D9%87%D8%B1%D8%A9#sectionListing\">will host<\/a> the Egypt Economic Summit with 40 speakers and experts across all economic fields to discuss the country\u2019s vision post the IMF program.<\/p>\n<p>November: <a href=\"https:\/\/www.facebook.com\/BEBAEgypt\/\">British Egyptian Business Association<\/a>\u2019s Annual door knock mission, United Kingdom.<\/p>\n<p>November: ITIDA <a href=\"https:\/\/www.youm7.com\/story\/2019\/10\/20\/%D8%B5%D9%86%D8%A7%D8%B9%D8%A9-%D8%AA%D9%83%D9%86%D9%88%D9%84%D9%88%D8%AC%D9%8A%D8%A7-%D8%A7%D9%84%D9%85%D8%B9%D9%84%D9%88%D9%85%D8%A7%D8%AA-%D8%AD%D8%B3%D9%85-%D9%85%D9%86%D8%A7%D9%82%D8%B5%D8%A9-%D9%85%D8%AC%D9%85%D8%B9%D8%A7%D8%AA-%D8%A5%D8%A8%D8%AF%D8%A7%D8%B9-%D8%A7%D9%84%D8%A5%D9%84%D9%83%D8%AA%D8%B1%D9%88%D9%86%D9%8A%D8%A7%D8%AA-%D8%A3%D9%88%D9%84-%D9%86%D9%88%D9%81%D9%85%D8%A8%D8%B1\/4465587\">to announce<\/a> the winning bid in a tender to manage three new innovation centers.<\/p>\n<p>November: <a href=\"https:\/\/enterprise.press\/stories\/2019\/11\/12\/egypts-swf-could-take-a-30-stake-in-siemens-oc-elsewedy-power-plants-soliman-6158\/\">A financial advisor for Siemens\/OC\/Elsewedy power plant stake sale<\/a> could be named this month.<\/p>\n<p>10-14 November (Sunday-Thursday): <a href=\"https:\/\/geomeast.org\/\">GeoMEast International Congress and Exhibition<\/a>, Marriott, Cairo.<\/p>\n<p>11-13 November (Monday-Wednesday): <a href=\"https:\/\/africainvestmentforum.com\/\">Africa Investment Forum<\/a>, Gauteng, South Africa.<\/p>\n<p>13-15 November (Wednesday-Friday): <a href=\"https:\/\/vc4a.com\/aesis\/africa-early-stage-investor-summit-2019\/\">Africa Early Stage Investor Summit<\/a>, Cape Town, South Africa.<\/p>\n<p>14 November (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>14-17 November (Thursday-Sunday): <a href=\"http:\/\/www.mactech.com.eg\/\">Machtech Expo<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>14-17 November (Thursday-Sunday): <a href=\"http:\/\/www.transpotech-eg.com\/\">Transpotech Expo<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>14-17 November (Thursday-Sunday): <a href=\"http:\/\/www.airtech-eg.com\/\">Airtech Expo<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>17 November (Sunday): The share price for the Aramco IPO will be announced (expected).<\/p>\n<p>18 November (Monday): AmCham\u2019s <a href=\"https:\/\/alborsaanews.com\/2019\/10\/20\/1256683\">US-Egypt Proposer Forum<\/a> in Cairo. US trade delegation visits Cairo to discuss investments in health, energy and information technology as part of the gathering.<\/p>\n<p>20-29 November (Wednesday-Friday): <a href=\"http:\/\/www.ciff.org.eg\/\">Cairo International Film Festival<\/a>, Cairo Opera House, Egypt, Cairo, Egypt.<\/p>\n<p>20 November (Wednesday): <a href=\"http:\/\/www.miic.gov.eg\/Arabic\/MediaCenter\/News\/Pages\/%D8%B1%D8%A6%D9%8A%D8%B3-%D9%85%D8%AC%D9%85%D9%88%D8%B9%D8%A9-%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D8%A7%D8%B3%D9%84%D8%A7%D9%85%D9%89-%D9%84%D9%84%D8%AA%D9%86%D9%85%D9%8A%D8%A9-%D8%A7%D9%84%D8%A7%D8%B5%D9%84%D8%A7%D8%AD-%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A-%D9%88%D8%A7%D9%84%D8%AA%D8%B4%D8%B1%D9%8A%D8%B9%D9%8A-%D9%88%D8%A7%D9%84%D8%AA%D9%8A%D8%B3%D9%8A%D8%B1%D8%A7%D8%AA-%D8%A7%D9%84%D9%85%D9%82%D8%AF%D9%85%D8%A9-%D9%84%D9%84%D9%85%D8%B3%D8%AA%D8%AB%D9%85%D8%B1%D9%8A%D9%86-%D8%AA%D8%B4%D8%AC%D8%B9-%D8%B9%D9%84%D9%89-%D8%B2%D9%8A%D8%A7%D8%AF%D8%A9-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1%D8%A7%D8%AA.aspx\">The Investment Ministry<\/a> and the Islamic Development Bank will organize the \u201cleaders for change\u201d startup competition as part of the Fekretak Sherketak initiative, location TBD, Cairo, Egypt.<\/p>\n<p>22-23 November (Friday-Saturday): <a href=\"https:\/\/www.investmentforafrica.com\/\">Invest in Africa 2019 conference<\/a>, New Administrative Capital.<\/p>\n<p>23 November (Saturday): <a href=\"https:\/\/www.egx.com.eg\/downloads\/News\/%d9%85%d8%b5%d8%b1%20%d8%a7%d9%84%d8%ac%d8%af%d9%8a%d8%af%d8%a9%20%d8%af%d8%b9%d9%88%d8%a9%20%d8%ac%d9%85%d8%b9%d9%8a%d8%a9-29-10-2019.pdf\">HHD extraordinary general assembly<\/a>to approve the 10% stake + management request for proposal<\/p>\n<p>24 November (Sunday): Arabia Investments lawsuit against French Peugeot (after being postponed)<\/p>\n<p>25 November (Monday): <a href=\"https:\/\/www.globaltradematters.org\/\">Global Trade Matters international dialogue on climate neutrality<\/a>, Marriott, Cairo.<\/p>\n<p>December: <a href=\"https:\/\/almalnews.com\/%d9%82%d8%b7%d8%a7%d8%b9-%d8%a7%d9%84%d8%a3%d8%b9%d9%85%d8%a7%d9%84-%d9%88%d9%81%d8%af-%d8%b5%d9%8a%d9%86%d9%89-%d9%8a%d8%b2%d9%88%d8%b1-%d9%85%d8%b5%d8%b1-%d8%a7%d9%84%d8%b4%d9%87%d8%b1\/\">A Chinese automotive company delegation will visit Egypt<\/a> to sign an agreement with El Nasr Automotive Manufacturing Company<\/p>\n<p>December: <a href=\"https:\/\/almalnews.com\/%d9%88%d9%81%d8%af-%d9%87%d9%86%d8%af%d9%8a-%d9%8a%d8%a8%d8%ad%d8%ab-%d8%a7%d9%84%d8%aa%d8%b9%d8%a7%d9%88%d9%86-%d8%a7%d9%84%d8%aa%d8%ac%d8%a7%d8%b1%d9%8a-%d9%88%d8%a7%d9%84%d8%a7%d8%b3%d8%aa%d8%ab\/\">Indian automotive delegation to visit Egypt<\/a><\/p>\n<p>1-6 December: <a href=\"https:\/\/en.vietnamplus.vn\/vietnam-to-study-logistics-investment-in-egypt\/163564.vnp\">Vietnamese trade delegation visits Egypt<\/a>.<\/p>\n<p>1-4 December (Sunday-Wednesday): E-payment and Innovative Financial Inclusion Expo and Forum (<a href=\"https:\/\/cairoict.com\/pafix-2019\/\">PAFIX<\/a>), Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>3 December (Tuesday): Emirates NBD \/ Markit PMI for Egypt released.<\/p>\n<p>3-6 December (Tuesday-Friday): <a href=\"http:\/\/www.cairowoodshow.com\/\">Cairo WoodShow<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>4 December (Wednesday): Subscription to the Aramco IPO will begin (expected).<\/p>\n<p>5-7 December (Thursday-Saturday): <a href=\"https:\/\/riseupsummit.com\/home\">RiseUp Summit<\/a>, American University in Cairo, New Cairo Campus<\/p>\n<p>8 December (Sunday): <a href=\"https:\/\/www.facebook.com\/events\/725969441185708\/\">Pitch by the Pyramids<\/a>, Giza Pyramids<\/p>\n<p>9-11 December (Monday-Wednesday): <a href=\"http:\/\/www.pacprocess-mea.com\/\">Pacprocess Middle East Africa<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>9-11 December (Monday-Wednesday): <a href=\"http:\/\/www.foodafrica-expo.com\/\">Food Africa 2019 Expo<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>10 December (Tuesday): <a href=\"https:\/\/hapijournal.com\/2019\/11\/02\/10-%d8%af%d9%8a%d8%b3%d9%85%d8%a8%d8%b1-%d8%a7%d9%86%d8%b7%d9%84%d8%a7%d9%82-%d9%81%d8%b9%d8%a7%d9%84%d9%8a%d8%a7%d8%aa-%d8%a5%d9%8a%d8%ac%d9%8a%d8%a8%d8%aa-%d8%a3%d9%88%d8%aa%d9%88%d9%85%d9%88\/\">Egypt Automotive summit<\/a>, Nile Ritz Carlton, Cairo.<\/p>\n<p>10-11 December (Tuesday-Wednesday): US Federal Open Market Committee will hold its two-day policy meeting to review the interest rate.<\/p>\n<p>11 December (Wednesday): First day of trading on the Aramco IPO (expected)<\/p>\n<p>12-14 December (Thursday-Saturday): 16 Egyptian real estate development companies will showcase their products at IPS Riyadh, Riyadh, Saudi Arabia<\/p>\n<p>14-17 December (Saturday-Tuesday): <a href=\"https:\/\/wyfegypt.com\/\">World Youth Forum<\/a> 2019, Sharm El Sheikh.<\/p>\n<p>17-21 December (Tuesday-Saturday): <a href=\"https:\/\/www.automech-formula.com\/en\/home.html\">2019 Automech Formula car expo<\/a>, Egypt International Exhibition Center, Cairo.<\/p>\n<p>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>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>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>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>4-5 March 2020 (Wednesday-Thursday): <a href=\"http:\/\/enterprise.press\/wp-content\/uploads\/2019\/10\/Press-Release-26th-Annual-Women-Economic-Forum-March-2020-Cairo-Egypt.pdf\">Women Economic Forum<\/a>, Cairo.<\/p>\n<p>25-26 March 2020 (Wednesday-Thursday): <a href=\"http:\/\/www.megaprojectsconf.com\/\">Mega Projects Conference<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>23 April 2020 (Thursday): First day of Ramadan (TBC).<\/p>\n<p>23-26 May 2020 (Saturday-Tuesday): Eid El Fitr (TBC).<\/p>\n<p>5-7 May 2020 (Tuesday-Thursday): <a href=\"https:\/\/www.afsic.net\/\">AFSIC - Investing in Africa<\/a>, London, United Kingdom.<\/p>\n<p>30 June 2020 (Sunday): June 2013 protests anniversary, national holiday.<\/p>\n<p>November 2020: Egypt <a href=\"http:\/\/gate.ahram.org.eg\/News\/2284801.aspx\">will host simultaneously<\/a> the International Capital Market Association\u2019s emerging market, and Africa and Middle East meetings.<\/p>\n<p>30 July 2020-3 August 2020 (Thursday-Monday): Eid El Adha (TBC), national holiday.<\/p>\n<p>19-20 August 2020 (Wednesday-Thursday): Islamic New Year (TBC), national holiday.<\/p>\n\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":592956,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-592955","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"772c22d8-06c9-4d24-a0b5-370225829cd6","teaser":"","photo_url":"https:\/\/ent.news\/2018\/7\/1685.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Sovereign wealth fund\u2019s CEO: We\u2019re creating new investment opportunities for the private sector - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/issues\/sovereign-wealth-funds-ceo-were-creating-new-investment-opportunities-for-the-private-sector\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sovereign wealth fund\u2019s CEO: We\u2019re creating new investment opportunities for the private sector\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/issues\/sovereign-wealth-funds-ceo-were-creating-new-investment-opportunities-for-the-private-sector\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T17:19:09+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2018\/7\/1685.jpg?fit=%2C&ssl=1\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/sovereign-wealth-funds-ceo-were-creating-new-investment-opportunities-for-the-private-sector\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/issues\/sovereign-wealth-funds-ceo-were-creating-new-investment-opportunities-for-the-private-sector\/\",\"name\":\"Sovereign wealth fund\u2019s CEO: We\u2019re creating new investment opportunities for the private sector - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/sovereign-wealth-funds-ceo-were-creating-new-investment-opportunities-for-the-private-sector\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/sovereign-wealth-funds-ceo-were-creating-new-investment-opportunities-for-the-private-sector\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2018\/7\/1685.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2019-11-13T04:11:22+00:00\",\"dateModified\":\"2025-12-16T17:19:09+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/sovereign-wealth-funds-ceo-were-creating-new-investment-opportunities-for-the-private-sector\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/issues\/sovereign-wealth-funds-ceo-were-creating-new-investment-opportunities-for-the-private-sector\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/sovereign-wealth-funds-ceo-were-creating-new-investment-opportunities-for-the-private-sector\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2018\/7\/1685.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2018\/7\/1685.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/sovereign-wealth-funds-ceo-were-creating-new-investment-opportunities-for-the-private-sector\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Issues\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/AMarchives\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Sovereign wealth fund\u2019s CEO: We\u2019re creating new investment opportunities for the private sector\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Sovereign wealth fund\u2019s CEO: We\u2019re creating new investment opportunities for the private sector - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/issues\/sovereign-wealth-funds-ceo-were-creating-new-investment-opportunities-for-the-private-sector\/","og_locale":"en_US","og_type":"article","og_title":"Sovereign wealth fund\u2019s CEO: We\u2019re creating new investment opportunities for the private sector","og_url":"https:\/\/enterpriseam.com\/egypt\/issues\/sovereign-wealth-funds-ceo-were-creating-new-investment-opportunities-for-the-private-sector\/","og_site_name":"EnterpriseAM Egypt","article_modified_time":"2025-12-16T17:19:09+00:00","twitter_card":"summary_large_image","twitter_image":"https:\/\/i0.wp.com\/ent.news\/2018\/7\/1685.jpg?fit=%2C&ssl=1","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/sovereign-wealth-funds-ceo-were-creating-new-investment-opportunities-for-the-private-sector\/","url":"https:\/\/enterpriseam.com\/egypt\/issues\/sovereign-wealth-funds-ceo-were-creating-new-investment-opportunities-for-the-private-sector\/","name":"Sovereign wealth fund\u2019s CEO: We\u2019re creating new investment opportunities for the private sector - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/sovereign-wealth-funds-ceo-were-creating-new-investment-opportunities-for-the-private-sector\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/sovereign-wealth-funds-ceo-were-creating-new-investment-opportunities-for-the-private-sector\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2018\/7\/1685.jpg?fit=%2C&ssl=1","datePublished":"2019-11-13T04:11:22+00:00","dateModified":"2025-12-16T17:19:09+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/sovereign-wealth-funds-ceo-were-creating-new-investment-opportunities-for-the-private-sector\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/issues\/sovereign-wealth-funds-ceo-were-creating-new-investment-opportunities-for-the-private-sector\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/sovereign-wealth-funds-ceo-were-creating-new-investment-opportunities-for-the-private-sector\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2018\/7\/1685.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2018\/7\/1685.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/sovereign-wealth-funds-ceo-were-creating-new-investment-opportunities-for-the-private-sector\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Issues","item":"https:\/\/enterpriseam.com\/egypt\/AMarchives\/"},{"@type":"ListItem","position":3,"name":"Sovereign wealth fund\u2019s CEO: We\u2019re creating new investment opportunities for the private sector"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}}]}},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/592955","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/issue"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/592955\/revisions"}],"predecessor-version":[{"id":593000,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/592955\/revisions\/593000"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/592956"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=592955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=592955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=592955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}