{"id":594034,"date":"2019-10-17T04:05:03","date_gmt":"2019-10-17T04:05:03","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=594034"},"modified":"2025-12-16T17:57:27","modified_gmt":"2025-12-16T17:57:27","slug":"egypt-wants-another-usd-500-mn-from-the-world-bank-to-help-tackle-pollution","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/egypt-wants-another-usd-500-mn-from-the-world-bank-to-help-tackle-pollution\/","title":{"rendered":"Egypt wants another USD 500 mn from the World Bank to help tackle pollution"},"content":{"rendered":"<section id=\"594036\" 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=\"594036\">\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\/10\/17\/what-were-tracking-on-17-october\/\">\r\n                            What we\u2019re tracking on 17 October                        <\/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\/10\/17\/what-were-tracking-on-17-october\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The Egyptian delegation had a busy day yesterday with several sit-downs with international institutions and politicians. We have the full rundown of everything you need to know on what\u2019s happening across the pond in this morning\u2019s Speed Round, below.<\/p>\n<p><b>The meetings end on Saturday<\/b>; you can <a href=\"https:\/\/live.worldbank.org\/?CID=ECR_GA_worldbank_EN_EXTP_AM2019-pixbroad-live&gclid=Cj0KCQjw_5rtBRDxARIsAJfxvYB6dGhH_CEzHR0-I6Cy7qRPH4pkYqood5TiVTKt2ZPcwiOCAz1Jt4gaAv2wEALw_wcB\">visit their website here<\/a>.<\/p>\n<p><b>We\u2019re also keeping our eyes open for a memorandum of understanding between Egypt and Euroclear<\/b>, which the <a href=\"http:\/\/www.sis.gov.eg\/Story\/195650\/%D9%88%D8%B2%D9%8A%D8%B1-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D9%8A%D8%BA%D8%A7%D8%AF%D8%B1-%D8%A5%D9%84%D9%89-%D9%88%D8%A7%D8%B4%D9%86%D8%B7%D9%86-%D9%84%D8%AD%D8%B6%D9%88%D8%B1-%D8%A7%D8%AC%D8%AA%D9%85%D8%A7%D8%B9%D8%A7%D8%AA-%D8%A7%D9%84%D8%AE%D8%B1%D9%8A%D9%81-%D9%84%D9%84%D8%A8%D9%86%D9%83-%D9%88%D8%B5%D9%86%D8%AF%D9%88%D9%82-%D8%A7%D9%84%D9%86%D9%82%D8%AF-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A%D9%8A%D9%86?lang=ar\">State Information Service said<\/a> on Tuesday should be signed while officials are in Washington this week. Egypt\u2019s debt instruments <a href=\"https:\/\/enterprise.press\/stories\/2019\/09\/10\/egypt-to-issue-up-to-usd-7-bn-in-intl-bonds-in-fy2019-2020-maait\/\">are expected<\/a> to be clearable through the Belgium-based clearinghouse by the beginning of next year.<\/p>\n<hr class=\"grey-line\" \/>\n<p><a id=\"tldr-story-08\" class=\"content-anchor\"><\/a> <b>Dubai has imposed a limit on state involvement in the economy<\/b>, imposing a moratorium on the creation of new state-linked organizations. New state-owned companies will only be established if necessary on national security or strategic grounds or if private sector companies are unable to deliver the goods or services needed. The move is designed to make sure state-related entities \u201carent\u2019 crowding the private sector and holding back economic development,\u201d <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-10-16\/dubai-sets-limits-to-starting-state-related-entities?srnd=premium-middle-east\">Bloomberg<\/a> reports.<\/p>\n<p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/10\/1851.jpg?ssl=1\" \/><\/p>\n<p><a id=\"tldr-story-05\" class=\"content-anchor\"><\/a> <b>The latest from Washington: Central bank stimulus is a double-edged sword, IMF says, as it sounds the alarm on corporate debt levels. <\/b>Around 40% of corporate debt in advanced economies is at risk in the event of a global recession, <a href=\"https:\/\/www.imf.org\/en\/Publications\/GFSR\/Issues\/2019\/10\/01\/global-financial-stability-report-october-2019\">the IMF warned<\/a> in a report issued during the third day of its annual meeting yesterday. Central bank-run stimulus programs, while successful at mitigating the short-term risks generated by current trade tensions, are giving companies incentives to take on unsustainable levels of debt and investors to plough into risky asset markets.<\/p>\n<p><b>And in statement seemingly timed to perfection, Moody\u2019s claimed an \u201cuncomfortably high\u201d risk of global recession within the next 12-18 months.<\/b> \u201cI think risks are awfully high that if something doesn\u2019t stick to script then we do have a recession,\u201d Mark Zandi, chief economist of Moody\u2019s Analytics, <a href=\"https:\/\/www.cnbc.com\/2019\/10\/16\/global-economy-awfully-high-chance-of-economic-recession-moodys-says.html\">told CNBC<\/a>. \u201cI\u2019ll say this also: Even if we don\u2019t have a recession over the next 12-18 months, I think it\u2019s pretty clear that we\u2019re going to have a much weaker economy.\u201d<\/p>\n<p><b>Carney chipped in with a refreshingly non-apocalyptic statement:<\/b> Central banks will not be left in the dust by Big Tech in the race to develop financial technology, Bank of England Governor Mark Carney said during an IMF panel discussion yesterday. Admitting that policymakers would struggle to match the private sector for innovation, he said that systemic central banks like the Federal Reserve are indispensable institutions for maintaining financial stability. (<a href=\"https:\/\/www.cnbc.com\/2019\/10\/16\/boes-mark-carney-central-banks-wont-be-left-behind-by-fintech.html\">CNBC<\/a>)<\/p>\n<p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/462.jpg?ssl=1\" \/><\/p>\n<p><b>Aramco IPO edges closer:<\/b> Saudi Aramco\u2019s IPO will materialize \u201csooner than everyone thinks,\u201d Aramco Chairman Yasir Al-Rumayyan said at the Saudi-Russian summit in Riyadh earlier this week, <a href=\"https:\/\/ent.news\/2019\/10\/1401.pdf\">according to a statement (pdf)<\/a>. Aramco\u2019s board of directors is expected to give its final approval to pushing ahead with the IPO plans this week, the statement says. Anonymous sources had <a href=\"https:\/\/enterprise.press\/stories\/2019\/09\/26\/what-were-tracking-on-26-september-2019\/\">told Bloomberg last month<\/a> that the company could kick off its IPO process as early as 20 October and make its stock market debut on the Tadawul in November.<\/p>\n<p><b>The Tadawul could do with an IPO right now.<\/b> The Saudi stock exchange plunged into a bear market on Tuesday, after a 1.6% fall left the index down more than 20% down from its recent high in May. Yesterday offered some respite after shares rose 0.5%, lifting the market out of bear territory.<\/p>\n<p><b>What is behind the downturn? <\/b>Geopolitical uncertainty in the Gulf has spooked investors in recent months, particularly following the attack on Aramco\u2019s oil facilities last month. Some analysts also suggest the US-China war has had an impact, while passive flows generated by the Tadawul\u2019s inclusion into MSCI\u2019s emerging market index have dwindled after a number of brokers warned that Saudi equities were overvalued. More recently though, analysts have suggested that investors have been offloading shares in order to make room for an Aramco buying spree, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-10-15\/saudi-stocks-set-to-enter-bear-market-just-as-aramco-ipo-nears\">Bloomberg<\/a> suggests.<\/p>\n<hr class=\"grey-line\" \/>\n<p><b>KUDOS- Our friends at Hassan Allam won the infrastructure project of the year <\/b>at the <a href=\"http:\/\/www.cbnme.com\/construction-innovation-awards-me-2019\/\">2019 Construction Innovation Awards<\/a> in Dubai on Tuesday for their Al-Mahsama irrigation drain water treatment plant in Sinai. The plant, awarded on an EPC basis, edged out entries from Saudi Aramco, Al Naboodah Construction Group, and KEO International Consultants. It uses treated wastewater from the Al-Temsah Lake to connect 50 hectares of remote, dry land in northern and central Sinai to irrigation with a capacity of 1 mn cubic meters of water a day.<\/p>\n<hr class=\"grey-line\" \/>\n<p><b>Attention VAT taxpayers:<\/b> All companies will be required to submit their VAT disclosures electronically starting January, Tax Authority boss Abdel Azim Hussein said, <a href=\"https:\/\/www.youm7.com\/story\/2019\/10\/16\/%D8%B1%D8%A6%D9%8A%D8%B3-%D9%85%D8%B5%D9%84%D8%AD%D8%A9-%D8%A7%D9%84%D8%B6%D8%B1%D8%A7%D8%A6%D8%A8-%D8%A5%D9%84%D8%B2%D8%A7%D9%85-%D9%83%D9%84-%D8%A7%D9%84%D8%B4%D8%B1%D9%83%D8%A7%D8%AA-%D8%A8%D8%AA%D9%82%D8%AF%D9%8A%D9%85-%D8%A7%D9%84%D8%A5%D9%82%D8%B1%D8%A7%D8%B1%D8%A7%D8%AA-%D8%A5%D9%84%D9%83%D8%AA%D8%B1%D9%88%D9%86%D9%8A%D9%8B%D8%A7-%D9%8A%D9%86%D8%A7%D9%8A%D8%B1\/4461614\">according to Youm7<\/a>.<\/p>\n<p><b>Key dates for your diaries this month<\/b> as we head into the weekend:<\/p>\n<ul>\n<li><b>Our friends at AmCham will be hosting Social Solidarity Minister Ghada Wali <\/b>for their monthly luncheon next Sunday, 20 October. Members can <a href=\"https:\/\/www.amcham.org.eg\/login\/login.asp?ReturnUrl=%2Fcyberlink%2Fevents%2Fregister%2F1226\">register here<\/a>.<\/li>\n<li><b>The <\/b><a href=\"http:\/\/platforms-root-technologies.com\/icec-2019\/\"><b>Intelligent Cities Exhibition & Conference<\/b><\/a> will take place at the Hilton Heliopolis on <b>23-24 October<\/b>.<\/li>\n<li><b>A B2B conference for German and Egyptian companies<\/b> will take place on Monday, 28 October in Cairo. <a href=\"https:\/\/docs.google.com\/forms\/d\/1MOIclPxAZampSsYBPpAQHpj2dTWlxWvIk26QwgMYIlw\/edit\">Click or tap here to register<\/a>.<\/li>\n<li><b>The US Federal Reserve will meet on 29-30 October<\/b> to review key interest rates.<\/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\" 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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 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data-block-id=\"32ba9xw\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-32ba9xw-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-32ba9xw-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 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Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/17\/madboulys-visit-to-the-imf-world-bank-meetings-continues-egp-looking-up\/\">\r\n                            Madbouly\u2019s visit to the IMF, World Bank meetings continues, EGP looking up                        <\/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\/10\/17\/madboulys-visit-to-the-imf-world-bank-meetings-continues-egp-looking-up\/\" target=\"_blank\">\n                    Open in new 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       <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-594038\" class=\"content-area-description single-story post-594038 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-ancient-egypt tag-diplomacy tag-enterprise-last-nights-talk-shows tag-enterpriseam tag-ethiopia tag-exchange-rate tag-gerd tag-imf tag-mohamed-salah tag-politics tag-sports tag-world-bank wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>Mr. Madbouly goes to Washington:<\/b> Prime Minister Mostafa Madbouly\u2019s trip to Washington got headline treatment on the airwaves last night, with Masaa DMC and Al Hayah Al Youm both pointing out that the PM met with a number of high-profile US officials and heads of key global organizations on the sidelines of the annual IMF and World Bank meetings (<a href=\"https:\/\/www.youtube.com\/watch?v=xSy936WEVJ4\">watch, runtime: 01:51<\/a>), (<a href=\"https:\/\/www.youtube.com\/watch?v=zaQjJfvaCms\">watch, runtime: 03:19<\/a>) and (<a href=\"https:\/\/www.youtube.com\/watch?v=5yQjUbv0QHE\">watch, runtime: 01:11<\/a>). We have chapter and verse in this morning\u2019s Speed Round, below.<\/p>\n<p><b>The EGP is still killing it: <\/b>The EGP changing hands at 16.28 against the greenback yesterday, up from <a href=\"https:\/\/www.cbe.org.eg\/en\/EconomicResearch\/Statistics\/Pages\/ExchangeRateshistorical.aspx\">about 18.00<\/a> exactly a year ago, Al Hayah Al Youm\u2019s Khaled Abu Bakr said, predicting that inflation would continue to fall as a result (<a href=\"https:\/\/www.youtube.com\/watch?v=Zu2tuTgQS8A\">watch, runtime: 02:36<\/a>). We can\u2019t help but run a small Abu Bakr fact-check here though: He claimed that this was the first time the EGP had traded as high as 16.28 against the USD since 2016, when actually the currency rose to 15.84 in February 2017.<\/p>\n<p><b>Yahduth Fi Misr went in hard on the GERD conspiracy theories:<\/b> Political analyst told Sherif Amer that there are dark forces working to undermine Egypt in the negotiations over the Grand Ethiopian Renaissance Dam, (<a href=\"https:\/\/www.youtube.com\/watch?v=wD30NLHHMcY\">watch, runtime: 01:17<\/a>). \u201cIt\u2019s an attempt to strangle Egypt. Ethiopia is not alone in this; there\u2019s a strong force behind it,\u201d El Feky claimed.<\/p>\n<p><b>The discovery of at least 20 ancient wooden coffins in Luxor<\/b>, which we <a href=\"https:\/\/enterprise.press\/stories\/2019\/10\/16\/egypt-in-the-news-on-16-october-2019\/\">noted yesterday<\/a>, was also among topics brought up on Masaa DMC\u2019s Ramy Radwan\u2019s show (<a href=\"https:\/\/www.youtube.com\/watch?v=H3xAeNzYSEc\">watch, runtime: 02:45<\/a>).<\/p>\n<p>Finally, <b>Mo Salah\u2019s adorable celebration of his five-year-old daughter<\/b>, Makkah, also earned some airtime with Abu Bakr (<a href=\"https:\/\/www.youtube.com\/watch?v=v5ksV2EL8oY\">watch, runtime: 03:18<\/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\/ancient-egypt\/\">Ancient Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/ethiopia\/\">Ethiopia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/exchange-rate\/\">exchange rate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gerd\/\">GERD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/imf\/\">IMF<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mohamed-salah\/\">Mohamed Salah<\/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\/sports\/\">sports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-bank\/\">World Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"594039\" 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=\"594039\">\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\/10\/17\/new-usd-500-mn-world-bank-facility-to-help-egypt-cut-pollution\/\">\r\n                            New USD 500 mn World Bank facility to help Egypt cut pollution?                        <\/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\/10\/17\/new-usd-500-mn-world-bank-facility-to-help-egypt-cut-pollution\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Four ministers, including Nasr, had sat down with Regional Director Marina Wes <a href=\"https:\/\/enterprise.press\/stories\/2019\/10\/09\/ministers-talk-pollution-control-with-world-bank-mission\/\">last week<\/a> to lay out their plans to make their projects more environmentally-friendly. World Bank Group Vice President for MENA Ferid Belhaj, Executive Director Merza Hassan, and Wes also discussed with Nasr other ways that they could work together to improve Egypt\u2019s infrastructure.<\/p>\n<p><b>We also want money to wean microbuses off diesel fuel:<\/b> Oil Minister Tarek El Molla also asked World Bank boss David Malpass for financial support for the push to convert microbuses to run on natural gas, a <a href=\"http:\/\/www.cabinet.gov.eg\/Arabic\/MediaCenter\/CabinetNews\/Pages\/Nb.aspx\">cabinet statement said<\/a>.<\/p>\n<p><b>Ministers talk with the new OPIC:<\/b> <a href=\"http:\/\/www.cabinet.gov.eg\/Arabic\/MediaCenter\/CabinetNews\/Pages\/%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%84%D9%88%D8%B2%D8%B1%D8%A7%D8%A1-%D9%8A%D9%84%D8%AA%D9%82%D9%89-%D8%B1%D8%A6%D9%8A%D8%B3-%D9%85%D8%A4%D8%B3%D8%B3%D8%A9-%D8%A7%D9%84%D8%AA%D9%85%D9%88%D9%8A%D9%84-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A%D8%A9.aspx\">A cabinet statement<\/a> said that Nasr, El Molla, PM Moustafa Madbouly and Trade Minister Amr Nassar met with officials from the US International Development Finance Corporation (DFC), but didn\u2019t tell us anything about what was discussed. There was an intimation that it could get involved with Egypt\u2019s electricity interconnection projects in Africa, but that was it. The DFC was <a href=\"https:\/\/www.opic.gov\/build-act\/overview\">set up last year<\/a> to consolidate the Overseas Private Investment Corporation (OPIC) and USAID\u2019s Development Credit Authority.<\/p>\n<p><b>Talks on Ethiopia, US prisoners in Egypt with Pence: <\/b>Madbouly discussed the <a href=\"http:\/\/www.cabinet.gov.eg\/Arabic\/MediaCenter\/CabinetNews\/Pages\/%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%84%D9%88%D8%B2%D8%B1%D8%A7%D8%A1-%D9%8A%D9%84%D8%AA%D9%82%D9%89-%D9%86%D8%A7%D8%A6%D8%A8-%D8%A7%D9%84%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%EF%BB%BB%D9%85%D8%B1%D9%8A%D9%83%D9%89.aspx\">ongoing negotiations<\/a> with Ethiopia over the Grand Ethiopian Renaissance Dam, as well as the fates of <a href=\"https:\/\/www.whitehouse.gov\/briefings-statements\/readout-vice-president-mike-pences-meeting-prime-minister-arab-republic-egypt\/\">US citizens currently detained<\/a> in Egypt, with US Vice President Mike Pence.<\/p>\n<p><b>And in diplomatic miscellany:<\/b> US Treasury Secretary <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/1382406541937707\">Steven Mnuchin<\/a> met Madbouly to talk social housing, while ministers met Secretary of Energy <a href=\"http:\/\/www.cabinet.gov.eg\/Arabic\/MediaCenter\/CabinetNews\/Pages\/%D9%85%D8%AF%D8%A8%D9%88%D9%84%D9%8A-%D9%8A%D8%B3%D8%AA%D9%82%D8%A8%D9%84-%D8%B1%D9%8A%D9%83-%D8%A8%D9%8A%D8%B1%D9%8A-%D9%88%D8%B2%D9%8A%D8%B1-%D8%A7%D9%84%D8%B7%D8%A7%D9%82%D8%A9-%D8%A7%D9%84%D8%A3%D9%85%D8%B1%D9%8A%D9%83%D9%8A.aspx\">Rick Perry<\/a> and Trade Secretary <a href=\"http:\/\/www.cabinet.gov.eg\/arabic\/MediaCenter\/CabinetNews\/Pages\/usa.aspx\">Wilbur Ross<\/a> to talk energy investments and the new customs mechanism conversely.<\/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\/debt\/\">debt<\/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\/human-rights\/\">human rights<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/imf\/\">IMF<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/moustafa-madbouly\/\">Moustafa Madbouly<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sahar-nasr\/\">Sahar Nasr<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/speed-round\/\">SPEED ROUND<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tarek-el-molla\/\">Tarek El Molla<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-bank\/\">World Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"594052\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"594053\" 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=\"594053\">\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\/10\/17\/egypt-in-the-news-on-17-october-2019\/\">\r\n                            Egypt in the News on 17 October 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\/10\/17\/egypt-in-the-news-on-17-october-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\/10\/17\/egypt-in-the-news-on-17-october-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\/10\/17\/egypt-in-the-news-on-17-october-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 17 October 2019&url=https:\/\/enterpriseam.com\/egypt\/2019\/10\/17\/egypt-in-the-news-on-17-october-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\/10\/17\/egypt-in-the-news-on-17-october-2019\/&title=Egypt in the News on 17 October 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+17+October+2019+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F10%2F17%2Fegypt-in-the-news-on-17-october-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\/10\/17\/egypt-in-the-news-on-17-october-2019\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-594053\" class=\"content-area-description single-story post-594053 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-ancient-egypt tag-egypt-in-the-news tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>It\u2019s slim pickings in the foreign press this morning.<\/b> <a href=\"https:\/\/www.newsweek.com\/sisi-egypt-paranoia-insanity-arrests-1465716\">Newsweek<\/a> is running an opinion piece describing the recent arrest of activists as \u201cinstitutional insanity.\u201d<\/p>\n<p><b>Heart disease may not be a modern phenomenon, Egyptian mummies show:<\/b> Later-stage arterial plaque found in Egyptian mummies dating to over 3k years ago is among evidence that suggests the condition may have been more common in ancient times than previously thought, <a href=\"https:\/\/www.livescience.com\/mummies-heart-disease.html\">Live Science reports<\/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\/ancient-egypt\/\">Ancient Egypt<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"594054\" 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=\"594054\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">Worth Listening<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/17\/nobel-prize-winners-identify-precise-interventions-to-tackle-poverty\/\">\r\n                            Nobel Prize winners identify precise interventions to tackle poverty                        <\/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\/10\/17\/nobel-prize-winners-identify-precise-interventions-to-tackle-poverty\/\" 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\/10\/17\/nobel-prize-winners-identify-precise-interventions-to-tackle-poverty\/')\">\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\/10\/17\/nobel-prize-winners-identify-precise-interventions-to-tackle-poverty\/\">\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=Nobel Prize winners identify precise interventions to tackle poverty&url=https:\/\/enterpriseam.com\/egypt\/2019\/10\/17\/nobel-prize-winners-identify-precise-interventions-to-tackle-poverty\/\">\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\/10\/17\/nobel-prize-winners-identify-precise-interventions-to-tackle-poverty\/&title=Nobel Prize winners identify precise interventions to tackle poverty\">\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=Nobel+Prize+winners+identify+precise+interventions+to+tackle+poverty+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F10%2F17%2Fnobel-prize-winners-identify-precise-interventions-to-tackle-poverty%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\/10\/17\/nobel-prize-winners-identify-precise-interventions-to-tackle-poverty\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/10\/16.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"594055\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/17\/nobel-prize-winners-identify-precise-interventions-to-tackle-poverty\/16-jpg-21\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/10\/16.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"16.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/10\/16.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/10\/16.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-594054\" class=\"content-area-description single-story post-594054 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-listening tag-economics tag-economy tag-enterpriseam tag-nobel-prize tag-worth-listening wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>Nobel Prize winners sit down to explain their groundbreaking poverty intervention research:<\/b> Poverty is not the intractable problem it\u2019s often made out to be, and can be addressed using practical and inexpensive steps, backed up by clear scientific evidence, say the<a href=\"https:\/\/enterprise.press\/stories\/2019\/10\/15\/what-were-tracking-on-15-october-2019\/\">winners of the 2019 Nobel Prize in economics<\/a> in an interview with the Economist (<a href=\"https:\/\/www.economist.com\/podcasts\/2019\/10\/15\/an-interview-with-the-nobel-prize-winning-economists\">listen, runtime: 14:15<\/a>). Their experimental approach is particularly effective because it allows them to pinpoint where a set of commonly-referenced theories intersect with realities experienced on the ground, using research obtained directly through work with governments and citizens in developing countries. They can apply different variables related to a particular challenge to gain a richer understanding of its causes.<\/p>\n<p><b>No one \u201csilver bullet\u201d can eliminate all the issues that keep people poor:<\/b> One especially effective piece of research disproved a common hypothesis that immunization rates in India are low because of accessibility issues. The experiment showed that a supply intervention (providing an absolutely consistent service) boosted the rate of immunization to 12% from a base rate of 5%. But offering additional incentives to families \u2014 including bags of lentils and sets of plates to those who completed the immunization program \u2014 boosted the rate to 37%, and actually halved the cost of immunization. They argue that poverty is not a single, constant problem, but often an accumulation of different issues that feed on one another, and to tackle it you don\u2019t need a silver bullet, but \u201ca set of silver pellets that will shoot down all these different enemies.\u201d<\/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\/economics\/\">economics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/nobel-prize\/\">Nobel Prize<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/worth-listening\/\">WORTH LISTENING<\/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=\"594056\" 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=\"594056\">\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\/10\/17\/egypt-to-inaugurate-benban-solar-park-in-november\/\">\r\n                            Egypt to inaugurate Benban solar park in 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\/10\/17\/egypt-to-inaugurate-benban-solar-park-in-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\/10\/17\/egypt-to-inaugurate-benban-solar-park-in-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\/10\/17\/egypt-to-inaugurate-benban-solar-park-in-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 inaugurate Benban solar park in November&url=https:\/\/enterpriseam.com\/egypt\/2019\/10\/17\/egypt-to-inaugurate-benban-solar-park-in-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\/10\/17\/egypt-to-inaugurate-benban-solar-park-in-november\/&title=Egypt to inaugurate Benban solar park in 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+inaugurate+Benban+solar+park+in+November+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F10%2F17%2Fegypt-to-inaugurate-benban-solar-park-in-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\/10\/17\/egypt-to-inaugurate-benban-solar-park-in-november\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-594056\" class=\"content-area-description single-story post-594056 post type-post status-publish format-standard hentry category-energy tag-energy tag-enterpriseam tag-renewable-energy tag-renewables wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Egypt will inaugurate the USD 2 bn, 1.4 GW Benban solar energy park in Aswan at the end of November, Electricity Minister Mohamed Shaker said, <a href=\"https:\/\/almalnews.com\/%d9%88%d8%b2%d8%a7%d8%b1%d8%a9-%d8%a7%d9%84%d9%83%d9%87%d8%b1%d8%a8%d8%a7%d8%a1-%d8%a7%d9%81%d8%aa%d8%aa%d8%a7%d8%ad-%d8%a8%d9%86%d8%a8%d8%a7%d9%86-%d9%86%d9%87%d8%a7%d9%8a%d8%a9-%d8%a7\/\">Al Mal reported.<\/a> Twenty-nine plants have already been linked to the national grid and began commercial operations. Egypt aims to produce 20% of its energy needs from renewable sources by 2022 and 42% by 2035.<\/p>\n<p><b>In related news:<\/b> Scatec Solar has connected the last of its six 65 MW solar power plants in the Benban solar power park to the national grid, <a href=\"https:\/\/scatecsolar.com\/2019\/10\/16\/scatec-solar-completes-the-390-mw-benban-project-in-egypt\/\">the company said in a statement<\/a>. The company had connected the fifth plant <a href=\"https:\/\/enterprise.press\/stories\/2019\/09\/01\/scatec-solar-brings-fifth-65-mw-solar-plant-in-egypt-online\/\">early last month<\/a>. Scatec Solar\u2019s plants in Benban will generate an estimated annual 870 GW of electricity when fully operational.<\/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\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/renewable-energy\/\">renewable energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"594058\" 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=\"594058\">\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\">Manufacturing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/17\/egypts-chemical-industries-co-eyes-usd-500-mn-suez-fertilizers-plant\/\">\r\n                            Egypt\u2019s Chemical Industries Co. eyes USD 500 mn Suez fertilizers plant                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/17\/egypts-chemical-industries-co-eyes-usd-500-mn-suez-fertilizers-plant\/\" 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\/10\/17\/egypts-chemical-industries-co-eyes-usd-500-mn-suez-fertilizers-plant\/')\">\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\/10\/17\/egypts-chemical-industries-co-eyes-usd-500-mn-suez-fertilizers-plant\/\">\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 Chemical Industries Co. eyes USD 500 mn Suez fertilizers plant&url=https:\/\/enterpriseam.com\/egypt\/2019\/10\/17\/egypts-chemical-industries-co-eyes-usd-500-mn-suez-fertilizers-plant\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2019\/10\/17\/egypts-chemical-industries-co-eyes-usd-500-mn-suez-fertilizers-plant\/&title=Egypt\u2019s Chemical Industries Co. eyes USD 500 mn Suez fertilizers plant\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt%E2%80%99s+Chemical+Industries+Co.+eyes+USD+500+mn+Suez+fertilizers+plant+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F10%2F17%2Fegypts-chemical-industries-co-eyes-usd-500-mn-suez-fertilizers-plant%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/17\/egypts-chemical-industries-co-eyes-usd-500-mn-suez-fertilizers-plant\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-594058\" class=\"content-area-description single-story post-594058 post type-post status-publish format-standard hentry category-manufacturing tag-enterpriseam tag-fertilizers tag-manufacturing wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The Chemical Industries Holding Company (CIHC) is looking into setting up a new USD 500 mn fertilizers plant in Suez through a joint venture with an unnamed private company, <a href=\"https:\/\/www.youm7.com\/story\/2019\/10\/16\/%D8%A7%D9%84%D9%82%D8%A7%D8%A8%D8%B6%D8%A9-%D8%A7%D9%84%D9%83%D9%8A%D9%85%D8%A7%D9%88%D9%8A%D8%A9-%D8%AA%D8%AF%D8%B1%D8%B3-%D8%A5%D9%86%D8%B4%D8%A7%D8%A1-%D9%85%D8%B5%D9%86%D8%B9-%D8%A3%D8%B3%D9%85%D8%AF%D8%A9-%D8%AC%D8%AF%D9%8A%D8%AF-%D8%A8%D9%80500-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AF%D9%88%D9%84%D8%A7%D8%B1\/4459704\">Deputy Chairman Walid El Rasheed told Youm7<\/a>. No further details were provided. We had previously noted that CIHC <a href=\"https:\/\/enterprise.press\/stories\/2018\/11\/19\/cihc-considering-two-foreign-offers-to-build-two-suez-fertilizer-factories\/\">had been considering<\/a> two offers, including one from Tocaico International Company, to build two Suez fertilizer factories worth a combined USD 1.3 bn.<\/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\/fertilizers\/\">fertilizers<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"594059\" 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=\"594059\">\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\">Automotive + Transportation<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/17\/mut-automotive-to-work-on-19-egypt-industrial-projects\/\">\r\n                            Mut Automotive to work on 19 Egypt industrial projects                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/17\/mut-automotive-to-work-on-19-egypt-industrial-projects\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2019\/10\/17\/mut-automotive-to-work-on-19-egypt-industrial-projects\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2019\/10\/17\/mut-automotive-to-work-on-19-egypt-industrial-projects\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Mut Automotive to work on 19 Egypt industrial projects&url=https:\/\/enterpriseam.com\/egypt\/2019\/10\/17\/mut-automotive-to-work-on-19-egypt-industrial-projects\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2019\/10\/17\/mut-automotive-to-work-on-19-egypt-industrial-projects\/&title=Mut Automotive to work on 19 Egypt industrial projects\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Mut+Automotive+to+work+on+19+Egypt+industrial+projects+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F10%2F17%2Fmut-automotive-to-work-on-19-egypt-industrial-projects%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/17\/mut-automotive-to-work-on-19-egypt-industrial-projects\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-594059\" class=\"content-area-description single-story post-594059 post type-post status-publish format-standard hentry category-automotive-transportation tag-automotive tag-automotive-transportation tag-enterpriseam tag-manufacturing tag-transport wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Prague\u2019s <a href=\"http:\/\/www.mutautomotive.com\/en\/\">Mut Automotive<\/a>will collaborate with the Military Production Ministry on 19 industrial projects, CEO Michel Knight told <a href=\"https:\/\/alborsaanews.com\/2019\/10\/16\/1255568\">the local press<\/a> on the sidelines of the \u2018Egypt Can\u2019 conference, which concluded yesterday. The company will begin at the end of this month the first phase of a project to turn 90k public transport buses to natural gas or electricity. Under the agreement, the company will replace the motors of 6k buses per year, Knight said, adding that the company will probably convert them into electric buses due to difficulties in converting fuel motors to natural gas. Mut will announce its intention to manufacture the first loader in Egypt. The company also has plans to work with the ministry to turn white taxis to electric motors within five years by importing batteries from China\u2019s <a href=\"http:\/\/global.geely.com\/\">Geely Global<\/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\/automotive\/\">automotive<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/automotive-transportation\/\">Automotive + Transportation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"594061\" 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=\"594061\">\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\">Banking + Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/17\/credit-agricole-to-increase-egypt-branches-by-25-by-end-of-2022\/\">\r\n                            Credit Agricole to increase Egypt branches by 25% by end of 2022                        <\/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\/10\/17\/credit-agricole-to-increase-egypt-branches-by-25-by-end-of-2022\/\" 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\/10\/17\/credit-agricole-to-increase-egypt-branches-by-25-by-end-of-2022\/')\">\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\/10\/17\/credit-agricole-to-increase-egypt-branches-by-25-by-end-of-2022\/\">\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=Credit Agricole to increase Egypt branches by 25% by end of 2022&url=https:\/\/enterpriseam.com\/egypt\/2019\/10\/17\/credit-agricole-to-increase-egypt-branches-by-25-by-end-of-2022\/\">\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\/10\/17\/credit-agricole-to-increase-egypt-branches-by-25-by-end-of-2022\/&title=Credit Agricole to increase Egypt branches by 25% by end of 2022\">\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=Credit+Agricole+to+increase+Egypt+branches+by+25%25+by+end+of+2022+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F10%2F17%2Fcredit-agricole-to-increase-egypt-branches-by-25-by-end-of-2022%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\/10\/17\/credit-agricole-to-increase-egypt-branches-by-25-by-end-of-2022\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-594061\" class=\"content-area-description single-story post-594061 post type-post status-publish format-standard hentry category-banking-finance tag-banking tag-banking-finance tag-credit-agricole tag-enterpriseam tag-finance wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Credit Agricole plans to expand the number of branches by 25% by the end of 2022, Managing Director Pierre Finas <a href=\"https:\/\/www.cnbcarabia.com\/news\/view\/58655\/%D8%A7%D9%84%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%84%D8%AA%D9%86%D9%81%D9%8A%D8%B0%D9%8A-%D9%84%D9%80-&amp;quot;Credit-Agricole&amp;quot;-%D9%84%D9%80-CNBC-%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9-%D9%84%D8%AF%D9%8A%D9%86%D8%A7-%D8%AE%D8%B7%D8%A9-%D8%AA%D9%88%D8%B3%D8%B9%D9%8A%D8%A9-%D8%A8%D8%A7%D9%84%D8%B3%D9%88%D9%82-%D9%84%D8%B2%D9%8A%D8%A7%D8%AF%D8%A9-%D8%A7%D9%84%D9%81%D8%B1%D9%88%D8%B9-%D8%A8%D9%85%D8%B5%D8%B1-%D8%A8%D9%86%D8%B3%D8%A8%D8%A9-25-%D8%A8%D9%86%D9%87%D8%A7%D9%8A%D8%A9-2022.html\">told CNBC Arabia.<\/a> The bank\u2019s loan portfolio had reached EGP 24 bn by the end of June, he added. Credit Agricole reported a <a href=\"https:\/\/enterprise.press\/stories\/2019\/08\/01\/earnings-watch-credit-agricole-eastern-co-ci-capital-mm-group\/\">1H2019 net profit<\/a> of EGP 1.3 bn, compared to EGP 1.1 bn a year earlier.<\/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\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking-finance\/\">BANKING + FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/credit-agricole\/\">Credit Agricole<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/finance\/\">Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"594063\" 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=\"594063\">\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\">Law<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/17\/shalakany-acted-as-sole-counsel-to-emaar-misr-in-settlement-with-egypts-el-nasr\/\">\r\n                            Shalakany acted as sole counsel to Emaar Misr in settlement with Egypt\u2019s El Nasr                        <\/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\/10\/17\/shalakany-acted-as-sole-counsel-to-emaar-misr-in-settlement-with-egypts-el-nasr\/\" 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\/10\/17\/shalakany-acted-as-sole-counsel-to-emaar-misr-in-settlement-with-egypts-el-nasr\/')\">\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\/10\/17\/shalakany-acted-as-sole-counsel-to-emaar-misr-in-settlement-with-egypts-el-nasr\/\">\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=Shalakany acted as sole counsel to Emaar Misr in settlement with Egypt\u2019s El Nasr&url=https:\/\/enterpriseam.com\/egypt\/2019\/10\/17\/shalakany-acted-as-sole-counsel-to-emaar-misr-in-settlement-with-egypts-el-nasr\/\">\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\/10\/17\/shalakany-acted-as-sole-counsel-to-emaar-misr-in-settlement-with-egypts-el-nasr\/&title=Shalakany acted as sole counsel to Emaar Misr in settlement with Egypt\u2019s El Nasr\">\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=Shalakany+acted+as+sole+counsel+to+Emaar+Misr+in+settlement+with+Egypt%E2%80%99s+El+Nasr+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F10%2F17%2Fshalakany-acted-as-sole-counsel-to-emaar-misr-in-settlement-with-egypts-el-nasr%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\/10\/17\/shalakany-acted-as-sole-counsel-to-emaar-misr-in-settlement-with-egypts-el-nasr\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-594063\" class=\"content-area-description single-story post-594063 post type-post status-publish format-standard hentry category-law tag-dispute-watch tag-el-nasr-housing-and-development tag-emaar-misr tag-enterpriseam tag-jaz-hotel-group tag-law tag-shalakany-law-office wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Shalakany Law Firm acted as sole legal counsel to Emaar Misr in its longstanding dispute with state-owned El Nasr Housing, which culminated in <a href=\"https:\/\/enterprise.press\/stories\/2019\/10\/07\/egypt-and-uaes-emaar-finally-settle-their-uptown-cairo-beef\/\">an agreement<\/a> that will see Emaar pay a USD 100 mn cash settlement, <a href=\"https:\/\/ent.news\/2019\/10\/1032.pdf\">the firm said (pdf)<\/a>. Shalakany also represented Sharm Dreams Group in its <a href=\"https:\/\/enterprise.press\/stories\/2019\/10\/14\/jaz-hotel-signs-two-management-agreements-with-sharm-dream-al-fayrouz\/\">agreements with Jaz Hotel Group<\/a> that will see the latter manage the Sharm Dreams and Al Fayrouz resorts, according to a separate emailed statement.<\/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\/dispute-watch\/\">dispute watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/el-nasr-housing-and-development\/\">El Nasr Housing and Development<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/emaar-misr\/\">Emaar Misr<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/jaz-hotel-group\/\">Jaz Hotel Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/law\/\">law<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/shalakany-law-office\/\">Shalakany Law Office<\/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=\"594064\" 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=\"594064\">\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\">My Morning Routine<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/17\/my-morning-routine-hedayat-islam-co-founder-of-eklego-and-founder-fo-jam-space-uk\/\">\r\n                            My Morning Routine: Hedayat Islam, co-founder of Eklego and founder fo Jam Space UK                        <\/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\/10\/17\/my-morning-routine-hedayat-islam-co-founder-of-eklego-and-founder-fo-jam-space-uk\/\" 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\/10\/17\/my-morning-routine-hedayat-islam-co-founder-of-eklego-and-founder-fo-jam-space-uk\/')\">\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\/10\/17\/my-morning-routine-hedayat-islam-co-founder-of-eklego-and-founder-fo-jam-space-uk\/\">\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=My Morning Routine: Hedayat Islam, co-founder of Eklego and founder fo Jam Space UK&url=https:\/\/enterpriseam.com\/egypt\/2019\/10\/17\/my-morning-routine-hedayat-islam-co-founder-of-eklego-and-founder-fo-jam-space-uk\/\">\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\/10\/17\/my-morning-routine-hedayat-islam-co-founder-of-eklego-and-founder-fo-jam-space-uk\/&title=My Morning Routine: Hedayat Islam, co-founder of Eklego and founder fo Jam Space UK\">\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=My+Morning+Routine%3A+Hedayat+Islam%2C+co-founder+of+Eklego+and+founder+fo+Jam+Space+UK+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F10%2F17%2Fmy-morning-routine-hedayat-islam-co-founder-of-eklego-and-founder-fo-jam-space-uk%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\/10\/17\/my-morning-routine-hedayat-islam-co-founder-of-eklego-and-founder-fo-jam-space-uk\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/10\/665.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"594065\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/17\/my-morning-routine-hedayat-islam-co-founder-of-eklego-and-founder-fo-jam-space-uk\/665-jpg-11\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/10\/665.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"665.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/10\/665.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/10\/665.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-594064\" class=\"content-area-description single-story post-594064 post type-post status-publish format-standard has-post-thumbnail hentry category-my-morning-routine tag-architecture tag-enterpriseam tag-my-morning-routine 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-09\"><\/a> <b>Hedayat Islam<\/b><b>, co-founder of Eklego and founder of Jam Space UK:<\/b> My Morning Routine looks each week at how a successful member of the community starts their day \u2014 and then throws in a couple of random business questions just for fun. Speaking to us this week is <a href=\"https:\/\/www.linkedin.com\/in\/hedayat-t-1ba51618\/\">Hedayat Islam<\/a>, who is the co-founder of Eklego \u2014 an award-winning Cairo-based architecture, interior, and furniture design firm, with a team of over 70 people \u2014 and the founder of Jam Space UK.<\/p>\n<p><b>My name is Hedayat Islam and I\u2019ve been an interior and product designer for the past twenty years.<\/b> I studied interior design in New York before moving back to Egypt, where I co-founded <a href=\"https:\/\/www.eklegodesignstudio.com\/\">Eklego Design<\/a> with my partner and architect Dina El Khachab. I moved to London six years ago, where I founded and run <a href=\"https:\/\/jamspace.uk\/\">Jam Space UK<\/a> \u2014 an interior design company which is based in London, but has its roots firmly in Egypt.<\/p>\n<p><b>I still work with Eklego on interior design projects and product design<\/b>, while Dina works on separate projects and manages the company\u2019s day-to-day operations. With Jam Space, I work on projects in London, and we\u2019re also about to launch our wallpaper and fabric collection at Eklego and Shewekar\u2019s showrooms in Zamalek. This is a pattern-intensive collection, which celebrates Egypt\u2019s rich ornamental history, and it\u2019s accompanied by a small selection of home accessories.<\/p>\n<p><b>My schedule is a busy one, but I love what I do.<\/b> On a daily basis, I balance work on my projects for Eklego, as well as my products and the day-to-day running of Jam Space. Along with this I have three daughters, who are of course my top focus and priority.<\/p>\n<p><b>Mornings start early.<\/b> I\u2019m up at 6 am, preparing breakfast and lunch boxes for my kids, and getting them ready for the day before seeing them off by 7:30 am. Then I start writing my to-do lists, planning the day, and seeing how I can divide it up to be as efficient as possible. You can imagine the whirlwind that comes from working in two separate countries, so I need to plan well. I then unwind and clear my mind by exercising or going for a run. My actual workday then starts with conversations with the Cairo team, followed by the team I work with in London. Our focus varies from day to day, depending on our projects and priorities at the time, but it\u2019s essentially a process of gradually ticking items off my to-do list.<\/p>\n<p><b>My favorite new hobby is sculpting<\/b>, and I\u2019ve managed to carve out one day in the week to practice it. Between 4 and 5 pm I start winding the day down, depending on what time the kids come home.<\/p>\n<p><b>I enjoy watching films and reading novels when I can make time for it.<\/b> I loved the movie<a href=\"https:\/\/www.imdb.com\/title\/tt8079248\/\">\u2018Yesterday,\u2019<\/a> which is a comedy by director Danny Boyle about a songwriter who wakes up one day to find that no one else on Earth remembers The Beatles. It\u2019s a comedy but it also poses some unexpectedly profound questions about honesty and success. I also recently really enjoyed reading <a href=\"https:\/\/www.amazon.co.uk\/Beekeeper-Aleppo-Christy-Lefteri\/dp\/1785768921\">The Beekeeper of Aleppo<\/a>, which is a beautiful but sad novel about the war in Syria, displacement, and what the idea of home means.<\/p>\n<p><b>Eklego Design has its conceptual origins in my time as a student.<\/b> When I was studying interior design in New York, my roommate was studying at NYU. She received a journal entitled \u2018Eklego.\u2019 Something about the word struck me, so I looked it up and it translated into the meaning \u201cto pick out, choose, select for oneself.\u201d When Dina and I first met, we decided we liked the name and went on to use it as our company name. We began by working out of my grandmother\u2019s dining room. We started operations as an architecture and interior design service in 2000, but by 2005 we had decided to add a retail arm to incorporate the pieces we were designing and manufacturing locally. In 2008, our third partner, Heba El Gabaly, joined us. I moved to London in 2014, and Dina and Heba have continued to expand and oversee the daily management of Eklego.<\/p>\n<p><b>I believe that Eklego offers something unmatched in the market<\/b>, especially for people who appreciate good design and believe in local design and production. Our niche is that we can offer a one-stop design solution for both homes and commercial spaces, and one that combines distinctive, modern designs with an awareness of Egypt\u2019s artistic and architectural heritage.<\/p>\n<p><b>People often don\u2019t understand how much time it takes to come up with a good design.<\/b> It is one of the biggest misconceptions when it comes to our business.<\/p>\n<p><b>I believe that the more we start drawing on local resources and materials in Egypt, the stronger our industry will be.<\/b> Mohamed Said, the founder of <a href=\"https:\/\/ei-interiors.com\/ei\/ebony\/\">Ebony and Ivory<\/a>, introduced me several years ago to a professor who has managed to turn environmentally damaging burned palm trimmings into a viable alternative to cheap, low-grade imported wood. If this project takes off (we have 13 mn palm trees in Egypt), then it will be a complete game changer for the furniture industry.<\/p>\n<p><b>In my free time I love to read, go to exhibitions, and take long walks with my husband.<\/b> I also try to go to see some theater every now and then, and I\u2019ve been taking sculpting more seriously lately too.<\/p>\n<p><b>I try to stay organized \u2014 the key word being \u201ctry\u201d \u2014<\/b> by constantly writing and updating to-do lists. I also divide my week into different days. So, for example, Mondays are for reviewing emails, corresponding with work colleagues, and writing the weekly to-do list. Tuesdays I try to dedicate to creativity, visiting museums and exhibitions to seek inspiration for products and projects. Wednesdays and Thursdays are all about wrapping up the week, and finally Friday is my enjoyment day, where I sculpt in stone from 10 am to 4 pm.<\/p>\n<p><b>The best piece of business advice I\u2019ve ever been given <\/b>was that you should do what you love with passion, focus on doing it well, and everything else will follow. It was very wise advice, given to me by the father of one of my best friends, and it had a very formative impact on my life. And of course, both of my parents instilled a strong work ethic in my sister and me, as they led by example when we were growing up.<\/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\/architecture\/\">architecture<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/my-morning-routine\/\">MY MORNING ROUTINE<\/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=\"594066\" 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=\"594066\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/17\/the-market-yesterday-269\/\">\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\/10\/17\/the-market-yesterday-269\/\" 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\/10\/17\/the-market-yesterday-269\/')\">\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\/10\/17\/the-market-yesterday-269\/\">\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\/10\/17\/the-market-yesterday-269\/\">\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\/10\/17\/the-market-yesterday-269\/&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%2F10%2F17%2Fthe-market-yesterday-269%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\/10\/17\/the-market-yesterday-269\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-594066\" class=\"content-area-description single-story post-594066 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><b>EGP \/ USD CBE market average: <\/b>Buy 16.15 | Sell 16.28<b><\/p>\n<p> EGP \/ USD at CIB:<\/b> Buy 16.16 | Sell 16.26<\/p>\n<p> <b>EGP \/ USD at NBE: <\/b>Buy 16.18 | Sell 16.28<\/p>\n<p><b>EGX30<\/b> (Wednesday): 14,209 (+1.1%)<\/p>\n<p> <b>Turnover:<\/b> EGP 827 mn (17% above the 90-day average)<\/p>\n<p> <b>EGX 30 year-to-date<\/b>: +9.0%<\/p>\n<p><b>THE MARKET ON WEDNESDAY:<\/b> The EGX30 ended Wednesday\u2019s session up 1.1%. CIB, the index\u2019s heaviest constituent, ended up 0.8%. EGX30\u2019s top performing constituents were Madinet Nasr Housing up 6.2%, Orascom Development up 5.1%, and Egyptian Resorts up 3.4%. Yesterday\u2019s worst performing stocks were Cleopatra Hospital down 0.8%, Oriental Weavers down 0.5% and Eastern Co down 0.4%. The market turnover was EGP 827 mn, and foreign investors were the sole net sellers.<\/p>\n<p><b>Foreigners<\/b>: Net short | EGP -79.4 mn<\/p>\n<p> <b>Regional<\/b>: Net long | EGP +27.6 mn<\/p>\n<p> <b>Domestic<\/b>: Net long | EGP +51.7 mn<\/p>\n<p><b>Retail<\/b>: 59.3% of total trades | 58.2% of buyers | 60.4% of sellers<\/p>\n<p> <b>Institutions<\/b>: 40.7% of total trades | 41.8% of buyers | 39.6% of sellers<\/p>\n<p><b>WTI:<\/b> USD 52.88 (-0.9%)<\/p>\n<p> <b>Brent:<\/b> USD 59.00 (-0.7%)<\/p>\n<p><b>Natural Gas<\/b> (Nymex, futures prices) USD 2.29 MMBtu, (-0.4%, November 2019 contract)<\/p>\n<p> <b>Gold:<\/b> USD 1,492 \/ troy ounce (-0.1%)<\/p>\n<p><b>TASI:<\/b> 7,518 (+0.5%) (YTD: -3.9%)<\/p>\n<p> <b>ADX:<\/b> 5,086 (+0.1%) (YTD: +3.5%)<\/p>\n<p> <b>DFM:<\/b> 2,825 (+0.1%) (YTD: +11.7%)<\/p>\n<p> <b>KSE Premier Market:<\/b> 6,295 (+0.8%)<\/p>\n<p> <b>QE:<\/b> 10,434 (+0.0%) (YTD: +1.3%)<\/p>\n<p> <b>MSM:<\/b> 4,003 (-0.3%) (YTD: -7.4%)<\/p>\n<p> <b>BB: <\/b>1,525 (+0.4%) (YTD: +14.1%)<\/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=\"594067\" 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\/10\/17\/594067\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-594067\" class=\"content-area-description single-story post-594067 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>October: <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1405897\">A forum<\/a> will be organized by Russia\u2019s Rosatom and the Nuclear Power Plants Authority to introduce local suppliers and contractors to the Dabaa nuclear plant.<\/p>\n<p>October: German businessman delegation will visit Egypt to discuss good projects in order to spend German funds into Egypt.<\/p>\n<p>October: A delegation of 40-50 Saudi companies <a href=\"https:\/\/www.youm7.com\/story\/2019\/9\/22\/%D8%AA%D8%B5%D8%AF%D9%8A%D8%B1%D9%89-%D8%A7%D9%84%D8%A3%D8%AB%D8%A7%D8%AB-%D8%A8%D8%B9%D8%AB%D8%A9-%D8%AA%D8%AC%D8%A7%D8%B1%D9%8A%D8%A9-%D8%AA%D8%B6%D9%85-50-%D8%B4%D8%B1%D9%83%D8%A9-%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D8%AA%D8%B2%D9%88%D8%B1-%D9%85%D8%B5%D8%B1\/4423096\">will visit Egypt<\/a> to discuss increasing exports of Egyptian furniture.<\/p>\n<p>14-20 October (Monday-Sunday): <a href=\"https:\/\/meetings.imf.org\/en\/2019\/Annual\">IMF, World Bank annual meetings<\/a>, Washington, DC.<\/p>\n<p>15-17 October (Tuesday-Thursday): <a href=\"https:\/\/www.moc-egypt.com\/admin\/wp-content\/uploads\/GENERAL-AGENDA_9-10-19.pdf\">Mediterranean Offshore Conference<\/a>, Bibliotheca Alexandrina, Alexandria, Egypt.<\/p>\n<p>16-17 October (Wednesday-Thursday): <a href=\"https:\/\/www.facebook.com\/EgyptCan2017\/photos\/a.1821050721510693\/2485895765026182\/?type=3&theater\">Egypt Can conference<\/a>, undisclosed location.<\/p>\n<p>20-24 October (Sunday-Thursday): <a href=\"https:\/\/aegypten.ahk.de\/en\/\">German-Arab Chamber of Industry and Commerce\u2019s<\/a> ROI Week with <a href=\"https:\/\/roiinstitute.net\/\">ROI Institute<\/a>, JW Marriott Hotel, New Cairo<\/p>\n<p>21-25 October (Monday-Friday): <a href=\"https:\/\/www.itu.int\/en\/ITU-R\/conferences\/RA\/2019\/Pages\/default.aspx\">Radiocommunication Assembly 2019<\/a>, Sharm El Sheikh, Egypt<\/p>\n<p>22 October (Tuesday): <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1420541\">Innovative Finance: A New Vision to Support Investment forum<\/a>, venue TBD, Cairo.<\/p>\n<p>22 October (Tuesday): 20th Century Middle Eastern Art annual auction: Sotheby\u2019s Gallery, London<\/p>\n<p>23-24 October (Wednesday-Thursday): <a href=\"http:\/\/platforms-root-technologies.com\/icec-2019\/\">Intelligent Cities Exhibition & Conference<\/a>, Hilton Heliopolis, Cairo.<\/p>\n<p>23-24 October (Wednesday-Thursday): Russian-African Summit, Sochi City, Russia.<\/p>\n<p>23 October-1 November (Wednesday-Friday): CIB PSA Women\u2019s World Championship, Great Pyramid of Giza, Cairo.<\/p>\n<p>28 October-22 November (Monday-Friday): <a href=\"https:\/\/www.itu.int\/en\/ITU-R\/conferences\/wrc\/2019\/Pages\/default.aspx\">World Radiocommunication Conference 2019<\/a>, Sharm El Sheikh, Egypt.<\/p>\n<p>28 October (Monday): B2B conference for German companies organized by the German-Arab Chamber of Industry and Commerce and the Bavarian Ministry of Economic Affairs, Regional Development and Energy, InterContinental Semiramis, Cairo.<\/p>\n<p>28 October-31 October (Monday-Thursday): A Cairo court <a href=\"https:\/\/alborsaanews.com\/2019\/08\/06\/1233322\">will rule<\/a> on the stock manipulation case, in which Gamal and Alaa Mubarak are involved, along with seven other defendants.<\/p>\n<p>28 October- 22 November: <a href=\"https:\/\/www.itu.int\/en\/ITU-R\/conferences\/wrc\/2019\/Pages\/default.aspx\">World Radiocommunication Conference 2019<\/a>, Sharm El Sheikh, Egypt<\/p>\n<p>29-30 October (Tuesday-Wednesday): US Federal Open Market Committee will hold its two-day policy meeting to review key interest rates.<\/p>\n<p>29-30 October (Tuesday-Wednesday): <a href=\"https:\/\/africaoilandpower.com\/event\/ssop-2019\/\">South Sudan Oil & Power (SSOP) Conference<\/a>, Juba, South Sudan.<\/p>\n<p>31 October-2 November (Thursday-Saturday): Angel Oasis 2019, organized by the <a href=\"http:\/\/www.mainmena.com\/\">Middle East Angel Investment Network (MAIN)<\/a>, El Gouna, Egypt.<\/p>\n<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>3-5 November (Sunday-Tuesday): <a href=\"https:\/\/www.electricxegypt.com\/en\/Homepage.html\">Electrix 2019<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>7-9 November (Thursday-Saturday): <a href=\"https:\/\/www.facebook.com\/events\/egypt-international-exhibitions-center-%D9%85%D8%B1%D9%83%D8%B2-%D9%85%D8%B5%D8%B1-%D9%84%D9%84%D9%85%D8%B9%D8%A7%D8%B1%D8%B6-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A%D8%A9\/biznex-egypt-2019-%D8%A7%D9%84%D9%85%D8%B9%D8%B1%D8%B6-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A-%D9%84%D9%84%D8%A5%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-%D9%88%D8%A7%D9%84%D8%AA%D9%88%D9%83%D9%8A%D9%84%D8%A7%D8%AA-%D8%A7%D9%84%D8%AA%D8%AC%D8%A7%D8%B1%D9%8A%D8%A9\/320897962130653\/\">BiznEx Egypt 2019<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>8-22 November: Egypt will host Under-23 Africa Cup of Nations 2019.<\/p>\n<p>9 November (Saturday): Prophet Mohammed's birthday, national holiday.<\/p>\n<p>9-11 November (Saturday-Monday): <a href=\"https:\/\/www.facebook.com\/vestedsummit\/\">Vested Summit<\/a>, Sahl Hasheesh, Red Sea.<\/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>12 November (Tuesday): <a href=\"http:\/\/enterprise.press\/wp-content\/uploads\/2019\/10\/Egypt-Economic-Summit_Announcement.pdf\">Egypt Economic Summit<\/a>, venue TBA.<\/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>22-23 November (Friday-Saturday): <a href=\"https:\/\/www.investmentforafrica.com\/\">Invest in Africa 2019 conference<\/a>, New Administrative Capital.<\/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: Egypt <a href=\"https:\/\/www.almalnews.com\/Story\/402348\/14\/-%D9%85%D8%B5%D8%B1-%D8%AA%D8%B3%D8%AA%D8%B6%D9%8A%D9%81-%D9%85%D8%B9%D8%B1%D8%B6--%D8%A8%D8%A7%D9%83-%D8%A8%D8%B1%D9%88%D8%B3%D9%8A%D8%B3--%D8%A7%D9%84%D8%B9%D8%A7%D9%85-%D8%A7%D9%84%D9%85%D9%82%D8%A8%D9%84-\">will host for the first time<\/a> the Pack Process trade expo for the Middle East and African region.<\/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>1-4 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>3-6 December (Tuesday-Friday): <a href=\"http:\/\/www.cairowoodshow.com\/\">Cairo WoodShow<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/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>10-11 December (Tuesday-Wednesday): US Federal Open Market Committee will hold its two-day policy meeting to review the interest rate.<\/p>\n<p>14-17 December (Saturday-Tuesday): <a href=\"https:\/\/wyfegypt.com\/\">World Youth Forum<\/a> 2019, Sharm El Sheikh.<\/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>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: <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 (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 (Wednesday-Thursday): <a href=\"http:\/\/www.megaprojectsconf.com\/\">Mega Projects Conference<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/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>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\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":594035,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-594034","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"79d070b1-a96c-483f-9444-d657a6c40239","teaser":"","photo_url":"https:\/\/ent.news\/2017\/9\/1221.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>Egypt wants another USD 500 mn from the World Bank to help tackle pollution - 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