{"id":594172,"date":"2019-10-22T04:05:10","date_gmt":"2019-10-22T04:05:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=594172"},"modified":"2025-12-16T18:02:26","modified_gmt":"2025-12-16T18:02:26","slug":"celebrate-hump-day-with-a-bolus-of-ipo-news-and-a-message-from-the-imfs-david-lipton","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/celebrate-hump-day-with-a-bolus-of-ipo-news-and-a-message-from-the-imfs-david-lipton\/","title":{"rendered":"Celebrate hump day with a bolus of IPO news \u2014 and a message from the IMF\u2019s David Lipton"},"content":{"rendered":"<section id=\"594174\" 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=\"594174\">\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\/22\/what-were-tracking-on-22-october-2019\/\">\r\n                            What we\u2019re tracking on 22 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\/22\/what-were-tracking-on-22-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\/22\/what-were-tracking-on-22-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\/22\/what-were-tracking-on-22-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=What we\u2019re tracking on 22 October 2019&url=https:\/\/enterpriseam.com\/egypt\/2019\/10\/22\/what-were-tracking-on-22-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\/22\/what-were-tracking-on-22-october-2019\/&title=What we\u2019re tracking on 22 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=What+we%E2%80%99re+tracking+on+22+October+2019+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F10%2F22%2Fwhat-were-tracking-on-22-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\/22\/what-were-tracking-on-22-october-2019\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-594174\" class=\"content-area-description single-story post-594174 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-abdel-fattah-el-sisi tag-abiy-ahmed tag-africa tag-amcham tag-enterpriseam tag-ethiopia tag-germany tag-investment-watch tag-russia tag-russian-industrial-zone tag-us tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>The two-day <\/b><a href=\"https:\/\/summitafrica.ru\/en\/\"><b>Russia-Africa summit<\/b><\/a><b> kicks off tomorrow in Sochi:<\/b> Leaders from more than 50 African countries will gather at the Black Sea resort town to discuss strengthening economic ties with Moscow. The event, which will be chaired by President Abdel Fattah El Sisi (wearing his African Union hat) and Russian President Vladimir Putin, will feature panel discussions on issues ranging from Russian-African cooperation in energy, trade and infrastructure investment to collaboration in science, technology and digital security.<\/p>\n<p><b>President Abdel Fattah El Sisi will also hold a highly-anticipated meeting with Ethiopian Prime Minister Abiy Ahmed<\/b> to discuss the currently gridlocked talks over the Grand Ethiopian Renaissance Dam. We have more on this in this morning\u2019s Diplomacy + Foreign Trade, below.<\/p>\n<p><b>The Ruskies are expected to make some sort of announcement pertaining to the USD 7 bn Russian Industrial Zone (RIZ)<\/b> in Egypt during the summit, Andrei Slepnev, director general of the Russian Export Center (REC), said <a href=\"https:\/\/ria.ru\/20191021\/1560015192.html\">in an interview with Russian outlet Ria<\/a>. Some 55 Russian manufacturers <a href=\"https:\/\/enterprise.press\/stories\/2019\/10\/10\/55-russian-manufacturers-show-interest-in-the-riz\/\">have expressed interest<\/a> in setting up shop in the zone, which is expected to produce USD <a href=\"https:\/\/enterprise.press\/stories\/2019\/06\/20\/riz-can-expect-to-see-100-new-agreements-signed-this-year\/\">3.6 bn-worth<\/a> of products by 2026.<\/p>\n<p><b>Among the Egyptians due to appear on stage <\/b>in Sochi are Investment Minister Sahar Nasr, CIT Minister Amr Talaat, Amani Abou-Zeid (wearing her African Union hat), Suez Canal Economic Zone boss Yehia Zaki, and Qalaa Holdings chief Ahmed Heikal.<\/p>\n<hr class=\"grey-line\">\n<p><b>A delegation of US companies will be in Cairo on 18 November <\/b>to explore investments in the energy, health and information technology sectors as part of AmCham\u2019s US-Egypt Proposer Forum, CEO Sylvia Menassa said, <a href=\"https:\/\/alborsaanews.com\/2019\/10\/20\/1256683\">according to the local press<\/a>. AmCham will also participate in a Washington conference focused on water issues on 30 October, and hold the \u2018Prosper Africa Event\u2019 on 7 November.<\/p>\n<p><b>Other key dates to pencil into your agendas <\/b>this week and next:<\/p>\n<ul>\n<li><a href=\"https:\/\/www.cairowaterweek.eg\/\"><b>Cairo Water Week<\/b><\/a> kicked off earlier this week at Al-Manara International Conference Center in New Cairo, under the title \u201cResponding to Water Scarcity.\u201d President Abdel Fattah El Sisi <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/715455798973803\">welcomed yesterday<\/a> delegations in town to attend the conference, which will run until Thursday. <\/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 Wednesday and Thursday.<\/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<p class=\"web-image\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-10-21\/knife-hits-2020-profit-estimate-in-replay-of-pre-plunge-revision?srnd=premium\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/10\/1284.jpg?ssl=1\"><\/a><\/p>\n<p><b>Cause for optimism in emerging markets as rate cuts offset trade tensions:<\/b> Central bank stimulus is producing \u201cpatches of growth stabilization\u201d in emerging markets, helping them withstand headwinds generated by the US-China trade conflict, portfolio managers at Templeton Emerging Markets Investment Trust wrote in a note yesterday. \u201cWe expect this trend to continue with rate cuts in a number of larger EMs, including India, Brazil, Russia and Mexico. Coupled with improving earnings expectations and relatively undemanding valuations and dividend yields, we believe the outlook for EM equities remains attractive,\u201d they said. <a href=\"https:\/\/www.cnbc.com\/2019\/10\/21\/trade-war-isnt-stopping-emerging-markets-see-patches-of-growth-stabilization-analysts-say.html\">CNBC has more<\/a>.<\/p>\n<p><b>The same can\u2019t be said for 2020 US earnings estimates.<\/b> Analysts have cut combined S&P 500 earnings estimates in 2020 by 0.5% to USD 178.40 a share \u2014 the largest weekly drop since January, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-10-21\/knife-hits-2020-profit-estimate-in-replay-of-pre-plunge-revision?srnd=premium\">Bloomberg findings show<\/a>. This comes despite solid quarterly earnings in the banking and healthcare sectors <a href=\"http:\/\/releases\">released last week<\/a>, and projections for S&P 500 profits to grow 10% next year. But with last year\u2019s 4Q slump fresh in the minds of investors, strong 2020 estimates will be needed to inspire confidence, analysts say. \u201cFor the market to meaningfully take a step to the upside, investors need to have greater conviction that you\u2019re going to get high single digit or better earnings growth,\u201d said Jeremy Zirin, head of Americas equities at UBS Global Wealth Management.<\/p>\n<p class=\"web-image\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-10-20\/these-are-the-world-s-best-and-worst-pension-systems\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/10\/2745.jpg?ssl=1\"><\/a><\/p>\n<p><b>The Netherlands and Denmark top this year\u2019s Melbourne Mercer Global Pensions Index<\/b>, a global survey of 37 nations that assesses the best pension systems in the world, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-10-20\/these-are-the-world-s-best-and-worst-pension-systems\">Bloomberg reports<\/a>. The survey aims to assess whether each pension system leads to improved financial outcomes for retirees, its sustainability, and whether it engenders community trust. Australia, Finland, Sweden, Norway, Singapore, New Zealand, Canada and Chile all scored high, while the UK came in at 14th place and the US at 16th. Lagging behind are Japan, at 31, and Thailand, at the bottom.<\/p>\n<hr class=\"grey-line\">\n<p><b>With the \u201cyou break it, you buy it\u201d principle in play: SoftBank to take control of WeWork.<\/b> Japanese conglomerate SoftBank Group is on the verge of taking over <a href=\"https:\/\/enterprise.press\/stories\/2019\/09\/18\/what-were-tracking-on-18-september\/\">troubled work space company<\/a> WeWork, sources familiar with the matter have said. <a href=\"https:\/\/www.cnbc.com\/2019\/10\/21\/softbank-to-take-control-of-wework-sources.html\">CNBC reports<\/a> that SoftBank will inject bns in fresh capital and hike its stake to 70%. The agreement would value WeWork at between USD 7.5-8 bn on a pre-funding basis \u2014 a far cry from the USD 47 bn valuation it had sought in what turned out to be its \u201c<a href=\"https:\/\/www.businessinsider.com\/weworks-nightmare-ipo\">nightmare IPO<\/a>.\u201d<\/p>\n<p><b>Lebanon passes emergency economic reforms as protesters hit the streets:<\/b> Lebanese politicians yesterday approved a package of emergency economic reforms as demonstrators continued to take to the streets in protest at the government\u2019s management of the economy. Prime Minister Saad Al Hariri announced in a televised speech yesterday that the government would cut the salaries of ministers and lawmakers in half, place a 2% tax on bank profits and reform the state-owned power sector in an effort to eliminate its budget deficit next year. The central bank will also cut USD 2.9 bn from its local-currency interest bill and charge lenders a one-off fee. The protests were initially sparked by a government proposal to place a tax on WhatsApp calls, which <a href=\"https:\/\/www.reuters.com\/article\/us-lebanon-economy-calls\/thousands-protest-across-lebanon-over-dire-economy-proposed-whatsapp-fee-withdrawn-idUSKBN1WW1ZA\">they scrapped last week<\/a> in response to the public reaction. <a href=\"https:\/\/af.reuters.com\/article\/worldNews\/idAFKBN1X00OJ\">Reuters<\/a> and <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-10-21\/lebanese-central-bank-lenders-asked-to-cough-up-over-3-billion?srnd=premium-middle-east\">Bloomberg<\/a> have the story.<\/p>\n<p><b>Bibi throws in the towel trying to form an Israeli government:<\/b> Israeli Prime Minister Benjamin Netanyahu has for the second time since April failed to form a government, and will pass the baton to his Labour Party opponent Benny Gantz to try and break the political gridlock, <a href=\"https:\/\/edition.cnn.com\/2019\/10\/21\/middleeast\/israel-netanyahu-government-intl\/index.html\">CNN reports<\/a>.<\/p>\n<p><b>Trudeau\u2019s Liberal Party on track to win Canadian general election:<\/b> Canadian Prime Minister Justin Trudeau\u2019s Liberal Party looks set to return to power as a minority government as results from yesterday\u2019s federal election continued to trickle in at dispatch time this morning. <a href=\"https:\/\/www.theglobeandmail.com\/politics\/election2019\/results\/\">The Globe and Mail<\/a> has the breakdown of the election results.<\/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\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/abiy-ahmed\/\">Abiy Ahmed<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/africa\/\">Africa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/amcham\/\">AmCham<\/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\/germany\/\">Germany<\/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\/russia\/\">Russia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/russian-industrial-zone\/\">Russian Industrial Zone<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us\/\">US<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-today\/\">What We&#039;re Tracking Today<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"594175\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF 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data-block-id=\"6pd7wyi\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-6pd7wyi-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-6pd7wyi-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240925.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/weareinfinity.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/27483.png?fit=300%2C300&#038;ssl=1\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Powering with nature<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            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class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/22\/last-nights-talk-shows-for-tuesday-22-october-2019\/\">\r\n                            Last night\u2019s talk shows for Tuesday, 22 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 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<\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-594176\" class=\"content-area-description single-story post-594176 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-economic-reform-program tag-enterprise-last-nights-talk-shows tag-enterpriseam tag-imf tag-lamees-el-hadidi tag-lebanon tag-saudi-arabia 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-03\"><\/a> <b>Lamees El Hadidi owned the airwaves <\/b>in her second night back after a prolonged hiatus. For context, remember she has returned with a regionally-themed show (Al Kahera Alaan), on a new network (Al Hadath TV, a subsidiary of Al Arabiya), and in a new format (two hours \u2014 one broadcast via satellite, one streamed online). El Hadidi, long seen by many in our community as the most astute of the talking heads when it comes to economics, didn\u2019t disappoint last night, but remember: With a regional mandate, we\u2019ll be seeing a lot less of Egypt out of Lamees.<\/p>\n<p><b>As promised the night before, Lamees delivered an Egypt-focused talk with the IMF\u2019s David Lipton<\/b>, who was on-message as he stressed the standard talking points about Egypt\u2019s relationship with the Fund, which wrapped this past weekend its annual meeting (alongside that of the World Bank) in DC. Egypt is, for the time being, we would suggest, the IMF\u2019s poster child: We signed up for a reform program that ticked all of the IMF\u2019s boxes, got funding to back it, and implemented it to the letter.<\/p>\n<p><b>The question now: How are we working together going forward? <\/b>Lipton, as you might expect, had no direct answer \u2014 by protocol, Egypt has to lead on that, and the Sisi administration has signalled we want to be pals, but it hasn\u2019t said (exactly) how, only that it won\u2019t be in a formal assistant program.<\/p>\n<p><b>Interestingly, Lipton obliquely addressed popular discontent with reform programs<\/b>, saying it is natural that Egyptians aren\u2019t yet feeling relief after the reforms \u2014 the goal of the program was to stabilize and avoid a crisis, full-stop, he suggested. <b>What people may not appreciate is how bad the situation could have become had there not been a program<\/b> and had Egypt then had to grapple with runaway inflation or a deeper crisis leading to widespread lost jobs and a loss of confidence in the economy. A reform program is a success when it avoids all of this, which Egypt\u2019s did.<\/p>\n<p><b>When are consumers going to feel the benefits of the program? <\/b>The economy needs to create mns of meaningful jobs, and this is only going to happen with a <b>strong private sector. Business needs to be allowed to flourish<\/b>, Lipton said \u2014 with internationally competitive export-oriented companies in particular need of support.<\/p>\n<p><b>Lipton\u2019s other key talking points with Lamees last night:<\/b><\/p>\n<ul>\n<li><b>The IMF would be happy to work with Egypt again<\/b>, although the \u201chow\u201d would obviously be different this time. The government needs to look at how to increase investment and job creation, both areas of interest to the Fund. Assistance can take many forms.<\/li>\n<li><b>GDP growth at a 5.9% clip is in the cards <\/b>for the current fiscal year;<\/li>\n<li><b>Repayment of the USD 12 bn extended fund facility <\/b>is on track to start from 2021 and Egypt, if it stays the course, should not have issues servicing its debt.<\/li>\n<\/ul>\n<p><b>You can watch the full interview<\/b> (dubbed in Arabic) here (<a href=\"https:\/\/www.youtube.com\/watch?v=xXxzaUjcGLM\">watch, runtime: 23:30<\/a>).<\/p>\n<p><b>Lamees also noted last night that Saudi Arabia had renewed its deposits with the Central Bank<\/b>, making it formal on the sidelines of the IMF annual meeting in DC. Also in Washington, Egypt and Kuwait inked agreements that will unlock the next phase of Kuwait\u2019s USD 1.9 bn in development assistance for Sinai. We have more on this in this morning\u2019s Speed Round, below.<\/p>\n<p><b>Lamees\u2019 regional segment focused on developments in Lebanon <\/b>(where protests continue and the Lebanese Army directly confronted Hezbollah when it tried to \u2018attack\u2019 the protests \u2014 <a href=\"https:\/\/www.youtube.com\/watch?v=ixxeYyw4Za4\">watch, runtime: 21:27<\/a>). Her big non-economics \/ non-politics interview of the night was a sit-down with <b>Egyptian national football team manager Hossam El Badri<\/b> (<a href=\"https:\/\/www.youtube.com\/watch?v=78WH4NW61YM\">watch, runtime: 2:06<\/a>).<\/p>\n<p><b>Lamees\u2019 other half tip-toed into the consumer rights arena:<\/b> El Hekaya\u2019s Amr Adib rang up Electricity Ministry spokesman Ayman Hamza to discuss complaints about exaggerated and inaccurate electricity bills. Hamza stressed that citizens have the right to complain \u2014 and noted that the ministry has dumped its previously standard policy of <b>pay now, appeal later<\/b> (<a href=\"https:\/\/www.youtube.com\/watch?v=U2avXCCDCQU\">watch, runtime: 10:42)<\/a>.<\/p>\n<hr class=\"grey-line\">\n<p><b>Other messages to the masses from the talking heads last night:<\/b><\/p>\n<ul>\n<li><b>President Abdel Fattah El Sisi is optimistic that Egypt, Ethiopia and Sudan will agree <\/b>how to best use their shared water resources (Masaa DMC, <b><a href=\"https:\/\/www.youtube.com\/watch?v=sx5R94FTD4I\">watch, runtime: 1:25<\/a><\/b> and Al Hayah Al Youm, <b><a href=\"https:\/\/www.youtube.com\/watch?v=JgRr91kHoiU&t=61s\">watch, runtime: 3:25<\/a><\/b>).<\/li>\n<li><b>The State Information Service is out with a statement on El Sisi\u2019s visit to Russia <\/b>this week for the Russia-Africa summit. Coverage by Hona Al Asema\u2019s Reham Ibrahim was typical (<b><a href=\"https:\/\/www.youtube.com\/watch?v=HouXd-gmcgY\">watch, runtime: 2:30<\/a><\/b>).<\/li>\n<\/ul>\n<ul>\n<li><b>There\u2019s no plan to impose new fees or to hike fares on ferries<\/b> or other small watercraft in the Suez Canal zone cities, according to Al Hayah Al Youm\u2019s Lobna Assal, channeling Suez Canal Authority boss Lt. Gen. Osama Rabie. <a href=\"https:\/\/www.youtube.com\/watch?v=4wapREJ7jKY\">(watch, runtime: 2:28)<\/a><\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economic-reform-program\/\">economic reform program<\/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\/imf\/\">IMF<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/lamees-el-hadidi\/\">Lamees El Hadidi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/lebanon\/\">Lebanon<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"594177\" 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=\"594177\">\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\/22\/rameda-misr-insurance-and-jeans-maker-tc-all-make-ipo-news\/\">\r\n                            Rameda, Misr Insurance and jeans maker T&#038;C all make IPO news                        <\/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\/22\/rameda-misr-insurance-and-jeans-maker-tc-all-make-ipo-news\/\" 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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Rameda had mulled a listing on the London Stock Exchange, the newspaper says, but ultimately decided that the Egyptian Exchange was the right venue for the transaction. If the listing goes through before the year is out, Rameda would be the second company to go to the EGX in 2019, after Fawry made its trading debut <a href=\"https:\/\/enterprise.press\/stories\/2019\/08\/14\/egypts-first-ipo-this-year-sees-shares-up-31-on-the-first-day-of-trading\/\">in August<\/a>. Rameda was one of at least three Egyptian companies believed to have pulled IPOs last year amid the fallout from the Emerging Markets Zombie Apocalypse.<\/p>\n<p><b>State-owned Misr Insurance + Misr Life Insurance could be ready to IPO by 2021: <\/b>Pre-IPO workstreams at state-owned Misr Insurance may take longer than previously thought, our friend Basel El Hiny suggested in an interview with CNBC Arabia (<a href=\"https:\/\/www.cnbcarabia.com\/news\/view\/58756\/\">watch, runtime: 03:35<\/a>). El Hiny, chairman of the Misr Insurance Holding Company, said Misr Insurance could be ready to go to market by 2021, implying a slip of a few months from the indicative 2020 timeline he had outlined this past<a href=\"https:\/\/enterprise.press\/stories\/2019\/07\/07\/misr-insurance-misr-life-insurance-could-ipo-on-egypts-bourse-by-end-2020-4\/\">July<\/a>. Misr Life Insurance\u2019s IPO preparations remain on track and could be completed next year, El Hiny said. Each company is expected to offer up to 30% of its equity, he said, confirming a value figure suggested by the government committee managing the privatization program. The IPOs were <a href=\"https:\/\/enterprise.press\/stories\/2018\/11\/04\/misr-insurance-misr-life-insurance-ipos-postponed-pending-restructuring-2\/\">postponed last year<\/a> to give them more time to reorganize ahead of the transactions.<\/p>\n<p><b>Jeans maker T&C plans to IPO on the EGX, seeking finance for USD 40-50 mn plant:<\/b> Tolba Group\u2019s jeans manufacturer <a href=\"https:\/\/tolbagroup.com\/tc-garments\/\">T&C<\/a> is looking to sell an undisclosed number of shares on the EGX to finance its expansion plans, including building a new USD 40-50 mn factory, Chairman Magdy Tolba <a href=\"https:\/\/alborsaanews.com\/2019\/10\/20\/1256804\">told the local press<\/a>. <b>T&C is currently in the market for a financial advisor for the potential listing<\/b>, Tolba said, without providing further details on the expected timeline for the process. The company is looking to set up its new facility either in Obour City, where it has an existing factory, or in 10th of Ramadan City.<\/p>\n<p><b>Reality check- No indicative timeline for an IPO is a \u201cdeadline\u201d until an ITF drops \u2014 and even then\u2026 <\/b>Market conditions change, and no company wants to go out in a perfect storm to offer shares at fire sale prices. That\u2019s to say nothing of the natural tendency of CEOs to get cold feet before a transaction \u2014 or that IPOs can be called off at the last moment \u2014 and frequently are. Sometimes, IPO \u2018announcements\u2019 outside the formal legal documentation (claims that company \u201cx\u201d is \u201cpreparing for an IPO\u201d) are just trial balloons or tactics. Shocking, we know, yet the domestic press often fails to keep this in perspective, and we sometimes allow this to seep into conversation in the wider community.<\/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\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fawry\/\">Fawry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ipo-watch\/\">IPO watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/misr-insurance-holding\/\">Misr Insurance Holding<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/misr-life-insurance\/\">Misr Life Insurance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/rameda-pharma\/\">Rameda Pharma<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/speed-round\/\">SPEED ROUND<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"594185\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"594186\" 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=\"594186\">\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\">Image of the Day<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/22\/the-weird-and-wonderful-world-solar-challenge-2019\/\">\r\n                            The weird and wonderful World Solar Challenge 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\/22\/the-weird-and-wonderful-world-solar-challenge-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\/22\/the-weird-and-wonderful-world-solar-challenge-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\/22\/the-weird-and-wonderful-world-solar-challenge-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=The weird and wonderful World Solar Challenge 2019&url=https:\/\/enterpriseam.com\/egypt\/2019\/10\/22\/the-weird-and-wonderful-world-solar-challenge-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\/22\/the-weird-and-wonderful-world-solar-challenge-2019\/&title=The weird and wonderful World Solar Challenge 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=The+weird+and+wonderful+World+Solar+Challenge+2019+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F10%2F22%2Fthe-weird-and-wonderful-world-solar-challenge-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\/22\/the-weird-and-wonderful-world-solar-challenge-2019\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/10\/808.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"594187\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/22\/the-weird-and-wonderful-world-solar-challenge-2019\/808-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/10\/808.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"808.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/10\/808.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/10\/808.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-594186\" class=\"content-area-description single-story post-594186 post type-post status-publish format-standard has-post-thumbnail hentry category-image-of-the-day tag-australia tag-automotive tag-enterpriseam tag-image-of-the-day tag-renewables wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>The weird and wonderful World Solar Challenge 2019:<\/b> No, this is not a Back to the Future-style <a href=\"https:\/\/www.backtothefuture.com\/delorean\">nuclear-powered DeLorean<\/a>, but a contestant in this year\u2019s <a href=\"https:\/\/www.worldsolarchallenge.org\/\">World Solar Challenge<\/a>, in which vehicles powered by the sun compete in a 3000 km race in Australia. The event has been running biennially since 1987, and sees teams from around the world bring their (often highly futuristic) creations to race against one another. This image shows the IVE Engineering team\u2019s vehicle, named Sophie 6s, which came all the way from Hong Kong.<\/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\/australia\/\">Australia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/image-of-the-day\/\">IMAGE OF THE DAY<\/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=\"594188\" 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=\"594188\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/22\/egypt-in-the-news-on-22-october-2019-2\/\">\r\n                            Egypt in the News on 22 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\/22\/egypt-in-the-news-on-22-october-2019-2\/\" 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\/22\/egypt-in-the-news-on-22-october-2019-2\/')\">\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\/22\/egypt-in-the-news-on-22-october-2019-2\/\">\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 22 October 2019&url=https:\/\/enterpriseam.com\/egypt\/2019\/10\/22\/egypt-in-the-news-on-22-october-2019-2\/\">\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\/22\/egypt-in-the-news-on-22-october-2019-2\/&title=Egypt in the News on 22 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+22+October+2019+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F10%2F22%2Fegypt-in-the-news-on-22-october-2019-2%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\/22\/egypt-in-the-news-on-22-october-2019-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-594188\" class=\"content-area-description single-story post-594188 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-al-ahly tag-diplomacy tag-egypt-in-the-news tag-enterpriseam tag-gaza tag-hamas tag-israel tag-politics tag-sports wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>It\u2019s a mixed bag in the foreign press this morning<\/b>, with no one subject dominating the conversation:<\/p>\n<ul>\n<li><b>The Atlantic Council is late to the game on the protests:<\/b> Last month\u2019s demonstrations are an \u201calarm bell\u201d for authorities that \u2014 if they continue \u2014 could have serious political and economic repercussions, political analysts Alessia Melcangi and Giuseppe Dentice write. (<b><a href=\"https:\/\/www.atlanticcouncil.org\/blogs\/menasource\/egypts-latest-protests-are-an-alarm-bell-for-sisi\/\">Atlantic Council<\/a><\/b>)<\/li>\n<li><b>Why did Egypt just release 80 members of Islamic Jihad?<\/b> The decision was conditioned on the Palestinian militant group dialling back tensions with Israel and not interfering with an agreement between Hamas and Israel, Israeli journalist Shlomi Eldar writes. (<b><a href=\"https:\/\/www.al-monitor.com\/pulse\/originals\/2019\/10\/israel-egypt-gaza-strip-hamas-islamic-jigad-rapprochement.html\">Al Monitor<\/a><\/b>)<\/li>\n<li><b>The Egyptian Premier League: New board, same story.<\/b> The Egyptian Football Association\u2019s (EFA) Fifa-appointed board is facing the same problems as the old one, after the Al Ahly v Zamalek derby was scrapped indefinitely last weekend on security fears. The EFA is now facing off against Al Ahly, which is refusing to play any matches until the tie is rescheduled. (<b><a href=\"https:\/\/www.thenational.ae\/sport\/football\/new-board-but-same-old-problems-continue-to-dog-egyptian-football-as-al-ahly-dig-heels-in-1.926666\">The National<\/a><\/b>) <\/li>\n<li><b>Tanoura for the soul:<\/b> The sufi-inspired dance has become popular among the Egyptian youth, who see it not just a dance, but as a lifestyle, a heritage, and a soul-purifying experience. (<a href=\"https:\/\/gulfnews.com\/world\/mena\/watch-tanoura-dancers-find-their-feet-in-egypt-1.67279003\">Gulf News<\/a>) <\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/al-ahly\/\">Al Ahly<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-in-the-news\/\">Egypt in the News<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gaza\/\">Gaza<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hamas\/\">Hamas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/israel\/\">Israel<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"594189\" 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=\"594189\">\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\">Worth reading<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/22\/digital-currencies-are-now-on-the-agenda-for-many-central-banks\/\">\r\n                            Digital currencies are now on the agenda for many central banks                        <\/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\/22\/digital-currencies-are-now-on-the-agenda-for-many-central-banks\/\" 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\/22\/digital-currencies-are-now-on-the-agenda-for-many-central-banks\/')\">\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\/22\/digital-currencies-are-now-on-the-agenda-for-many-central-banks\/\">\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=Digital currencies are now on the agenda for many central banks&url=https:\/\/enterpriseam.com\/egypt\/2019\/10\/22\/digital-currencies-are-now-on-the-agenda-for-many-central-banks\/\">\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\/22\/digital-currencies-are-now-on-the-agenda-for-many-central-banks\/&title=Digital currencies are now on the agenda for many central banks\">\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=Digital+currencies+are+now+on+the+agenda+for+many+central+banks+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F10%2F22%2Fdigital-currencies-are-now-on-the-agenda-for-many-central-banks%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\/22\/digital-currencies-are-now-on-the-agenda-for-many-central-banks\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/409.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"594190\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/22\/digital-currencies-are-now-on-the-agenda-for-many-central-banks\/409-jpg-21\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/409.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"409.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/409.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/409.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-594189\" class=\"content-area-description single-story post-594189 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-reading tag-banking tag-digital-currency tag-enterpriseam tag-regulation tag-worth-reading wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <b>Cryptocurrencies are now firmly on the radar of central banks:<\/b> Facebook\u2019s controversial plans to launch its Libra cryptocurrency has \u201cspooked\u201d central bankers, and driven home the message that if they don\u2019t make their own digital currencies, someone else will, writes <a href=\"https:\/\/www.ft.com\/content\/6960c7a4-f313-11e9-b018-3ef8794b17c6\">Brendan Greeley in the Financial Times<\/a>. As a result, central banks all over the world are finally sitting up and taking notice of digital currencies, although their stance is far from unified.<\/p>\n<p><b>Central banks are either closely tracking developments, or looking into launching their own currencies:<\/b> Just last month, the meeting of the<a href=\"http:\/\/enterprise.press\/wp-content\/uploads\/2019\/09\/AMF-PRL-AR-15-9-2019-Final.pdf\">Council of Arab Central Banks and Monetary Agencies Governors<\/a> <a href=\"https:\/\/enterprise.press\/issues\/2019\/09\/16\/cib-bringing-worlds-biggest-squash-event-pyramids\/#what-were-tracking-today\">gathered some 200<\/a> Arab bankers, central bank governors, ministers, economic experts, and Arab Monetary Fund officials <a href=\"https:\/\/enterprise.press\/stories\/2019\/09\/16\/egypt-sees-its-economy-growing-by-around-8-by-2022\/\">in Cairo to discuss<\/a>, amongst other things, the growth of digital currencies. Meanwhile, the People\u2019s Bank of China is the first major central bank to be striding ahead with actually creating a cryptocurrency, which is \u201cclose to being out\u201d after five years of research, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-10-20\/why-central-bankers-got-serious-about-digital-cash-quicktake?srnd=premium-middle-east\">according to Bloomberg<\/a>. And a host of other central banks are also reportedly undertaking serious research in the field. But at the other end of the spectrum, the US Fed has said it is not actively considering establishing a digital currency, citing issues related to cybersecurity and insufficient demand.<\/p>\n<p><b>This could involve sidelining commercial banks, which is risky business: <\/b>Central bank currencies could follow two main tracks: wholesale and retail. Wholesale projects would seek to make payment flows within the existing financial system faster and cheaper, with access to the central bank digital currency being limited to financial institutions. Retail projects, however, would involve more of a systemic transformation, with the general public either having access to digital currencies issued through the central banks themselves, or through commercial banks that partner with them. But this is an altogether riskier proposition: <b>If central banks sideline commercial banks, they threaten a key funding source for the real economy.<\/b> They would also have to assume the risks and responsibilities of banking, including performing customer due diligence, supplying tax information, and adhering to anti-money laundering financing requirements.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/digital-currency\/\">Digital currency<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/regulation\/\">regulation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/worth-reading\/\">worth reading<\/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=\"594191\" 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=\"594191\">\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\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/22\/shoukry-calls-for-russian-mediation-on-gerd-ahead-of-el-sisis-meeting-with-abiy-ahmed\/\">\r\n                            Shoukry calls for Russian mediation on GERD ahead of El Sisi's meeting with Abiy Ahmed                        <\/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\/22\/shoukry-calls-for-russian-mediation-on-gerd-ahead-of-el-sisis-meeting-with-abiy-ahmed\/\" 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\/22\/shoukry-calls-for-russian-mediation-on-gerd-ahead-of-el-sisis-meeting-with-abiy-ahmed\/')\">\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\/22\/shoukry-calls-for-russian-mediation-on-gerd-ahead-of-el-sisis-meeting-with-abiy-ahmed\/\">\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=Shoukry calls for Russian mediation on GERD ahead of El Sisi's meeting with Abiy Ahmed&url=https:\/\/enterpriseam.com\/egypt\/2019\/10\/22\/shoukry-calls-for-russian-mediation-on-gerd-ahead-of-el-sisis-meeting-with-abiy-ahmed\/\">\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\/22\/shoukry-calls-for-russian-mediation-on-gerd-ahead-of-el-sisis-meeting-with-abiy-ahmed\/&title=Shoukry calls for Russian mediation on GERD ahead of El Sisi's meeting with Abiy Ahmed\">\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=Shoukry+calls+for+Russian+mediation+on+GERD+ahead+of+El+Sisi%27s+meeting+with+Abiy+Ahmed+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F10%2F22%2Fshoukry-calls-for-russian-mediation-on-gerd-ahead-of-el-sisis-meeting-with-abiy-ahmed%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\/22\/shoukry-calls-for-russian-mediation-on-gerd-ahead-of-el-sisis-meeting-with-abiy-ahmed\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-594191\" class=\"content-area-description single-story post-594191 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-abiy-ahmed tag-diplomacy tag-diplomacy-foreign-trade tag-enterpriseam tag-ethiopia tag-gerd tag-politics wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>President Abdel Fattah El Sisi and Ethiopian Prime Minister Abiy Ahmed are set to meet<\/b> on the sidelines of the <a href=\"https:\/\/summitafrica.ru\/en\/\">Russia-Africa summit<\/a> this week to discuss the impasse over the Grand Ethiopian Renaissance Dam. Echoing Egypt\u2019s <a href=\"https:\/\/enterprise.press\/stories\/2019\/10\/07\/gerd-talks-once-again-at-a-standstill-following-khartoum-meeting\/\">request for international mediation<\/a>, <a href=\"https:\/\/www.thenational.ae\/opinion\/editorial\/egypt-ethiopia-water-dispute-needs-international-mediation-1.926589\">an editorial in the National<\/a> yesterday calls on the two sides to work with allies to resolve the dispute and avoid a \u201cpotentially catastrophic\u201d escalation. Ethiopia has so far rejected proposals to bring in a mediator.<\/p>\n<p><b>FM says Russia could help with GERD: <\/b>Foreign Minister Sameh Shoukry <a href=\"https:\/\/arabic.rt.com\/middle_east\/1052992-%D9%88%D8%B2%D9%8A%D8%B1-%D8%A7%D9%84%D8%AE%D8%A7%D8%B1%D8%AC%D9%8A%D8%A9-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A-%D8%B1%D9%88%D8%B3%D9%8A%D8%A7-%D9%8A%D9%85%D9%83%D9%86%D9%87%D8%A7-%D8%A7%D9%84%D9%85%D8%B3%D8%A7%D8%B9%D8%AF%D8%A9-%D9%81%D9%8A-%D8%A3%D8%B2%D9%85%D8%A9-%D8%B3%D8%AF-%D8%A7%D9%84%D9%86%D9%87%D8%B6%D8%A9\/\">told RIA Novosti<\/a> news agency yesterday that Russia could be the country to step in and help mediate the dispute due to its good relations with all three countries involved. Ittihadiya spokesman Bassem Rady previously said that it was hoped that the US would play an \u201cinstrumental role\u201d in solving the dispute.<\/p>\n<p><b>What the foreign press is saying about the summit:<\/b> <a href=\"https:\/\/www.reuters.com\/article\/us-russia-africa-putin\/putin-steps-up-push-for-influence-in-africa-with-broadside-against-west-idUSKBN1X00V5\">Reuters<\/a> and the <a href=\"https:\/\/www.apnews.com\/9eea4424e1b743719754b6f2c01d7be7\">Associated Press<\/a> are out with articles framing the summit in terms of great-power politics. The two-day event, which kicks-off in Sochi tomorrow, is a vehicle for Russia to step up economic and military ties with African states in a bid to compete with its Western rivals and China, they suggest. \u201cFor Moscow, the prize is greater political influence on a continent with 54 United Nations member states, sprawling mineral wealth, and potentially lucrative markets for Russian-manufactured weapons,\u201d Tom Balmforth and Andrew Osborn write for Reuters. Cara Anna highlights in the AP the US\u2019 dwindling engagement with the continent, a policy decision on which Russia is trying to capitalize.<\/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\/abiy-ahmed\/\">Abiy Ahmed<\/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\/diplomacy-foreign-trade\/\">Diplomacy + Foreign Trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ethiopia\/\">Ethiopia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gerd\/\">GERD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/politics\/\">politics<\/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=\"594193\" 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=\"594193\">\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\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/22\/egypt-exported-172-8-bncf-of-natgas-in-fy-2018-2019-via-45-cargos-from-idku\/\">\r\n                            Egypt exported 172.8 bncf of natgas in FY 2018-2019 via 45 cargos from Idku                        <\/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\/22\/egypt-exported-172-8-bncf-of-natgas-in-fy-2018-2019-via-45-cargos-from-idku\/\" 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\/22\/egypt-exported-172-8-bncf-of-natgas-in-fy-2018-2019-via-45-cargos-from-idku\/')\">\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\/22\/egypt-exported-172-8-bncf-of-natgas-in-fy-2018-2019-via-45-cargos-from-idku\/\">\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 exported 172.8 bncf of natgas in FY 2018-2019 via 45 cargos from Idku&url=https:\/\/enterpriseam.com\/egypt\/2019\/10\/22\/egypt-exported-172-8-bncf-of-natgas-in-fy-2018-2019-via-45-cargos-from-idku\/\">\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\/22\/egypt-exported-172-8-bncf-of-natgas-in-fy-2018-2019-via-45-cargos-from-idku\/&title=Egypt exported 172.8 bncf of natgas in FY 2018-2019 via 45 cargos from Idku\">\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+exported+172.8+bncf+of+natgas+in+FY+2018-2019+via+45+cargos+from+Idku+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F10%2F22%2Fegypt-exported-172-8-bncf-of-natgas-in-fy-2018-2019-via-45-cargos-from-idku%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\/22\/egypt-exported-172-8-bncf-of-natgas-in-fy-2018-2019-via-45-cargos-from-idku\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-594193\" class=\"content-area-description single-story post-594193 post type-post status-publish format-standard hentry category-energy tag-egas tag-energy tag-enterpriseam tag-idku-lng-plant tag-oil-and-gas wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Egypt exported 45 cargos of natural gas carrying a total of 172.8 bcf from the Idku liquefaction plant in FY2018-2019, according to <a href=\"https:\/\/www.egas.com.eg\/annual-reports\/2019\">the Egyptian Natural Gas Holding Company (EGAS) (pdf)<\/a>. Egypt had hoped that returning Idku to full capacity would <a href=\"https:\/\/enterprise.press\/stories\/2019\/03\/17\/idku-gas-liquefaction-plant-to-increase-exports-to-1-13-bn-scf-day-by-june\/\">see exports increase to 1.13 bcf\/d<\/a>, but EGAS <a href=\"https:\/\/enterprise.press\/stories\/2019\/09\/29\/egas-cancels-third-consecutive-lng-tender-2\/\">canceled several LNG tenders<\/a> from the facility due to low bids and growing domestic demand. Idku\u2019s natural gas exports <a href=\"https:\/\/enterprise.press\/stories\/2019\/10\/13\/idku-natgas-exports-reduced-by-80-since-august-source\/\">fell by 80%<\/a> between August and mid-October.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egas\/\">EGAS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/idku-lng-plant\/\">Idku LNG plant<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/oil-and-gas\/\">oil and gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"594194\" 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=\"594194\">\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\">Basic Materials + Commodities<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/22\/mapco-to-establish-egp-540-mn-sorting-and-packaging-plant-by-2020\/\">\r\n                            MAPCO to establish EGP 540 mn sorting and packaging plant by 2020                        <\/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\/22\/mapco-to-establish-egp-540-mn-sorting-and-packaging-plant-by-2020\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n               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packaging plant by 2020&url=https:\/\/enterpriseam.com\/egypt\/2019\/10\/22\/mapco-to-establish-egp-540-mn-sorting-and-packaging-plant-by-2020\/\">\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\/22\/mapco-to-establish-egp-540-mn-sorting-and-packaging-plant-by-2020\/&title=MAPCO to establish EGP 540 mn sorting and packaging plant by 2020\">\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=MAPCO+to+establish+EGP+540+mn+sorting+and+packaging+plant+by+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F10%2F22%2Fmapco-to-establish-egp-540-mn-sorting-and-packaging-plant-by-2020%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\/22\/mapco-to-establish-egp-540-mn-sorting-and-packaging-plant-by-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-594194\" class=\"content-area-description single-story post-594194 post type-post status-publish format-standard hentry category-basic-materials-commodities tag-agriculture tag-basic-materials-commodities tag-enterpriseam tag-food wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Produce exporter <a href=\"http:\/\/www.mapco-egypt.com\/Home.aspx\">Mediterranean Agricultural Products Company (MAPCO)<\/a> plans to establish a EGP 540 mn plant for sorting and packaging agricultural products by 2020, the company's export director Ashraf El Sehy <a href=\"https:\/\/alborsaanews.com\/2019\/10\/21\/1257074\">told the local press.<\/a> MAPCO will use the plant to export its products to Europe, East Asia, Russia, and China.<\/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\/agriculture\/\">agriculture<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/basic-materials-commodities\/\">Basic Materials + Commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/food\/\">food<\/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=\"594195\" 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=\"594195\">\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\">Manufacturing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/22\/egypts-govt-plans-to-set-up-aluminum-factory-in-saudi-arabia-or-uae\/\">\r\n                            Egypt\u2019s gov\u2019t plans to set up aluminum factory in Saudi Arabia or UAE                        <\/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\/22\/egypts-govt-plans-to-set-up-aluminum-factory-in-saudi-arabia-or-uae\/\" 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\/22\/egypts-govt-plans-to-set-up-aluminum-factory-in-saudi-arabia-or-uae\/')\">\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\/22\/egypts-govt-plans-to-set-up-aluminum-factory-in-saudi-arabia-or-uae\/\">\n                    Facebook                    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Arabia or UAE\">\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+gov%E2%80%99t+plans+to+set+up+aluminum+factory+in+Saudi+Arabia+or+UAE+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F10%2F22%2Fegypts-govt-plans-to-set-up-aluminum-factory-in-saudi-arabia-or-uae%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\/22\/egypts-govt-plans-to-set-up-aluminum-factory-in-saudi-arabia-or-uae\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-594195\" class=\"content-area-description single-story post-594195 post type-post status-publish format-standard hentry category-manufacturing tag-africa tag-enterpriseam tag-manufacturing tag-public-private-partnership wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The Public Enterprises Ministry is mulling setting up an aluminum factory in either Saudi Arabia or the UAE through a partnership, Minister Hisham Tawfik <a href=\"https:\/\/almalnews.com\/%D9%82%D8%B7%D8%A7%D8%B9-%D8%A7%D9%84%D8%A3%D8%B9%D9%85%D8%A7%D9%84-%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-%D9%84%D8%A5%D9%86%D8%AA%D8%A7%D8%AC\/\">told Al Mal<\/a>. Egypt is eyeing these two countries in particular since they subsidize electricity. The facility will use bauxite sourced from Ghana for its raw material needs. No further details were provided on the plan, but the move would aim to help Ghana drift away from its high dependence on Chinese manufacturers, who purchase most of its massive bauxite reserves.<\/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\/africa\/\">Africa<\/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\/public-private-partnership\/\">public-private partnership<\/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=\"594196\" 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=\"594196\">\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\">Tourism<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/22\/easyjet-looking-to-step-up-investment-in-egypt\/\">\r\n                            EasyJet looking to step up investment in Egypt                        <\/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\/22\/easyjet-looking-to-step-up-investment-in-egypt\/\" 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\/22\/easyjet-looking-to-step-up-investment-in-egypt\/')\">\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\/22\/easyjet-looking-to-step-up-investment-in-egypt\/\">\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=EasyJet looking to step up investment in Egypt&url=https:\/\/enterpriseam.com\/egypt\/2019\/10\/22\/easyjet-looking-to-step-up-investment-in-egypt\/\">\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\/22\/easyjet-looking-to-step-up-investment-in-egypt\/&title=EasyJet looking to step up investment in Egypt\">\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=EasyJet+looking+to+step+up+investment+in+Egypt+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F10%2F22%2Feasyjet-looking-to-step-up-investment-in-egypt%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\/22\/easyjet-looking-to-step-up-investment-in-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-594196\" class=\"content-area-description single-story post-594196 post type-post status-publish format-standard hentry category-tourism tag-aviation tag-easyjet tag-enterpriseam tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>EasyJet airliner and EasyJet Holidays are interested in stepping up business in Egypt starting from the coming winter season, CEOs Johann Lundgren and Garry Wilson told Tourism Minister Rania Al Mashat, <a href=\"https:\/\/almalnews.com\/%d8%b1%d8%a7%d9%86%d9%8a%d8%a7-%d8%a7%d9%84%d9%85%d8%b4%d8%a7%d8%b7-%d8%aa%d9%86%d8%a7%d9%82%d8%b4-%d9%85%d8%b9-easy-jet-%d8%a7%d9%84%d8%b9%d8%a7%d9%84%d9%85%d9%8a%d8%a9-%d8%b3%d8%a8%d9%84\/\">according to Al Mal<\/a>. The companies attributed their interest to increasing demand from their customers.<\/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\/aviation\/\">aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/easyjet\/\">EasyJet<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"594198\" 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=\"594198\">\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\">Telecoms + ICT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/22\/telecom-egypt-to-have-20-mn-homes-fiber-optic-supported-by-2020\/\">\r\n                            Telecom Egypt to have 20 mn homes fiber-optic-supported by 2020                        <\/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\/22\/telecom-egypt-to-have-20-mn-homes-fiber-optic-supported-by-2020\/\" 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\/22\/telecom-egypt-to-have-20-mn-homes-fiber-optic-supported-by-2020\/')\">\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\/22\/telecom-egypt-to-have-20-mn-homes-fiber-optic-supported-by-2020\/\">\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=Telecom Egypt to have 20 mn homes fiber-optic-supported by 2020&url=https:\/\/enterpriseam.com\/egypt\/2019\/10\/22\/telecom-egypt-to-have-20-mn-homes-fiber-optic-supported-by-2020\/\">\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\/22\/telecom-egypt-to-have-20-mn-homes-fiber-optic-supported-by-2020\/&title=Telecom Egypt to have 20 mn homes fiber-optic-supported by 2020\">\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=Telecom+Egypt+to+have+20+mn+homes+fiber-optic-supported+by+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F10%2F22%2Ftelecom-egypt-to-have-20-mn-homes-fiber-optic-supported-by-2020%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\/22\/telecom-egypt-to-have-20-mn-homes-fiber-optic-supported-by-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-594198\" class=\"content-area-description single-story post-594198 post type-post status-publish format-standard hentry category-telecoms-ict tag-cit tag-enterpriseam tag-infrastructure tag-investment-watch tag-telecom-egypt tag-telecoms-ict wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Telecom Egypt is planning to install optical fiber in 20 mn homes by 2020, CFO Mohamed Shamroukh said, <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1436318\">according to Al Masry Al Youm<\/a>. The company has already invested north of USD 3 bn to improve the country\u2019s internet infrastructure, Shamroukh added. We <a href=\"https:\/\/enterprise.press\/stories\/2019\/07\/07\/telecom-egypt-plans-to-invest-egp-17-bn-through-2020-2\/\">noted in July<\/a> that the state-owned landline monopoly has plans to spend EGP 17 bn through to 2020 to accelerate efforts to develop its infrastructure and improve its networks.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cit\/\">CIT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure\/\">infrastructure<\/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\/telecom-egypt\/\">Telecom Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/telecoms-ict\/\">Telecoms + ICT<\/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=\"594199\" 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=\"594199\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">13<\/div>\r\n\r\n                    <p class=\"f-graphik\">Banking + Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/22\/sarwa-capital-concludes-egp-776-mn-palm-hills-securitized-bond\/\">\r\n                            Sarwa Capital concludes EGP 776 mn Palm Hills securitized bond                        <\/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\/22\/sarwa-capital-concludes-egp-776-mn-palm-hills-securitized-bond\/\" 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\/22\/sarwa-capital-concludes-egp-776-mn-palm-hills-securitized-bond\/')\">\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\/22\/sarwa-capital-concludes-egp-776-mn-palm-hills-securitized-bond\/\">\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=Sarwa Capital concludes EGP 776 mn Palm Hills securitized bond&url=https:\/\/enterpriseam.com\/egypt\/2019\/10\/22\/sarwa-capital-concludes-egp-776-mn-palm-hills-securitized-bond\/\">\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\/22\/sarwa-capital-concludes-egp-776-mn-palm-hills-securitized-bond\/&title=Sarwa Capital concludes EGP 776 mn Palm Hills securitized bond\">\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=Sarwa+Capital+concludes+EGP+776+mn+Palm+Hills+securitized+bond+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F10%2F22%2Fsarwa-capital-concludes-egp-776-mn-palm-hills-securitized-bond%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\/22\/sarwa-capital-concludes-egp-776-mn-palm-hills-securitized-bond\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-594199\" class=\"content-area-description single-story post-594199 post type-post status-publish format-standard hentry category-banking-finance tag-ahli-united-bank tag-arab-african-international-bank tag-banking-finance tag-banque-misr tag-contact-financial tag-enterpriseam tag-palm-hills-developments tag-securitization wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Palm Hills and Sarwa Capital have closed a EGP 776 mn securitized bond backed by a portfolio of 582 delivered units at 11 of the real estate company\u2019s developments, Sarwa said in <a href=\"https:\/\/ent.news\/2019\/10\/949.pdf\">a statement (pdf)<\/a>. This brings Palm Hills\u2019 total issuances to EGP 2.4 bn. The bond was issued by Sarwa Securitization Company, while Sarwa Promotion & Underwriting acted as structuring advisor, and the lead manager and arranger of the transaction. The issuance was underwritten and co-arranged by Banque Misr, Arab African International Bank and Ahli United Bank, while <a href=\"http:\/\/www.alc.law\">our friends at ALC acted as legal advisors<\/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\/ahli-united-bank\/\">Ahli United Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/arab-african-international-bank\/\">Arab African International Bank<\/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\/banque-misr\/\">Banque Misr<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/contact-financial\/\">Contact Financial<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/palm-hills-developments\/\">Palm Hills Developments<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/securitization\/\">securitization<\/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=\"594201\" 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=\"594201\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">14<\/div>\r\n\r\n                    <p class=\"f-graphik\">Other Business News of Note<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/22\/nat-plans-to-auction-shopping-mall-in-heliopolis-metro-station-next-year\/\">\r\n                            NAT plans to auction shopping mall in Heliopolis metro station next year                        <\/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\/22\/nat-plans-to-auction-shopping-mall-in-heliopolis-metro-station-next-year\/\" 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\/22\/nat-plans-to-auction-shopping-mall-in-heliopolis-metro-station-next-year\/')\">\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\/22\/nat-plans-to-auction-shopping-mall-in-heliopolis-metro-station-next-year\/\">\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=NAT plans to auction shopping mall in Heliopolis metro station next year&url=https:\/\/enterpriseam.com\/egypt\/2019\/10\/22\/nat-plans-to-auction-shopping-mall-in-heliopolis-metro-station-next-year\/\">\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\/22\/nat-plans-to-auction-shopping-mall-in-heliopolis-metro-station-next-year\/&title=NAT plans to auction shopping mall in Heliopolis metro station next year\">\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=NAT+plans+to+auction+shopping+mall+in+Heliopolis+metro+station+next+year+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F10%2F22%2Fnat-plans-to-auction-shopping-mall-in-heliopolis-metro-station-next-year%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\/22\/nat-plans-to-auction-shopping-mall-in-heliopolis-metro-station-next-year\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-594201\" class=\"content-area-description single-story post-594201 post type-post status-publish format-standard hentry category-other-business-news-of-note tag-enterpriseam tag-other-business-news-of-note tag-transport wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The National Authority For Tunnels (NAT) plans to issue an auction for the design and construction of a shopping mall inside the Heliopolis metro station next year, <a href=\"https:\/\/almalnews.com\/%D8%A7%D9%84%D9%82%D9%88%D9%85%D9%8A%D8%A9-%D9%84%D9%84%D8%A3%D9%86%D9%81%D8%A7%D9%82-%D8%AA%D8%B9%D8%AF-%D9%85%D8%B2%D8%A7%D9%8A%D8%AF%D8%A9-%D9%84%D8%A5%D9%82%D8%A7%D9%85%D8%A9-%D9%85\/\">according to Al Mal<\/a>. The Transport Ministry inaugurated the metro station, which is the largest in the Middle East, <a href=\"https:\/\/enterprise.press\/stories\/2019\/10\/21\/egypt-inaugurates-heliopolis-metro-station\/\">on Sunday.<\/a><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/other-business-news-of-note\/\">Other Business News of Note<\/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=\"594202\" 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=\"594202\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">15<\/div>\r\n\r\n                    <p class=\"f-graphik\">Legislation + Policy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/22\/house-approves-amendments-giving-govt-control-over-zewail-city\/\">\r\n                            House approves amendments giving gov\u2019t control over Zewail city                        <\/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\/22\/house-approves-amendments-giving-govt-control-over-zewail-city\/\" 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\/22\/house-approves-amendments-giving-govt-control-over-zewail-city\/')\">\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\/22\/house-approves-amendments-giving-govt-control-over-zewail-city\/\">\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=House approves amendments giving gov\u2019t control over Zewail city&url=https:\/\/enterpriseam.com\/egypt\/2019\/10\/22\/house-approves-amendments-giving-govt-control-over-zewail-city\/\">\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\/22\/house-approves-amendments-giving-govt-control-over-zewail-city\/&title=House approves amendments giving gov\u2019t control over Zewail city\">\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=House+approves+amendments+giving+gov%E2%80%99t+control+over+Zewail+city+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F10%2F22%2Fhouse-approves-amendments-giving-govt-control-over-zewail-city%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\/22\/house-approves-amendments-giving-govt-control-over-zewail-city\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-594202\" class=\"content-area-description single-story post-594202 post type-post status-publish format-standard hentry category-legislation-policy tag-enterpriseam tag-house-of-representatives tag-legislation tag-legislation-policy tag-science wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>LEGISLATION WATCH- House moves to give gov\u2019t more control over Zewail city: <\/b>The House of Representatives has given a preliminary nod to a bill that would give the government powers to elect the CEO and chairman of Zewail City of Science and Technology, as well as the city\u2019s board of trustees, <a href=\"http:\/\/gate.ahram.org.eg\/News\/2305757.aspx\">Al Ahram reported<\/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\/house-of-representatives\/\">House of Representatives<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/legislation\/\">legislation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/legislation-policy\/\">Legislation + Policy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/science\/\">science<\/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=\"594203\" 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=\"594203\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">16<\/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\/22\/shalakany-represents-suez-steel-in-import-tariff-case\/\">\r\n                            Shalakany represents Suez Steel in import tariff case                        <\/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\/22\/shalakany-represents-suez-steel-in-import-tariff-case\/\" 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\/22\/shalakany-represents-suez-steel-in-import-tariff-case\/')\">\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\/22\/shalakany-represents-suez-steel-in-import-tariff-case\/\">\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 represents Suez Steel in import tariff case&url=https:\/\/enterpriseam.com\/egypt\/2019\/10\/22\/shalakany-represents-suez-steel-in-import-tariff-case\/\">\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\/22\/shalakany-represents-suez-steel-in-import-tariff-case\/&title=Shalakany represents Suez Steel in import tariff case\">\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+represents+Suez+Steel+in+import+tariff+case+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F10%2F22%2Fshalakany-represents-suez-steel-in-import-tariff-case%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\/22\/shalakany-represents-suez-steel-in-import-tariff-case\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-594203\" class=\"content-area-description single-story post-594203 post type-post status-publish format-standard hentry category-law tag-commodities tag-enterpriseam tag-law tag-shalakany-law-office tag-tax wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Shalakany Law Firm successfully represented Suez Steel during <a href=\"https:\/\/enterprise.press\/stories\/2019\/10\/13\/administrative-court-backs-trade-ministrys-steel-import-tariffs\/\">the recent hearing<\/a> that overturned the Cairo Administrative Court\u2019s decision to suspend the import tariffs on iron billets and steel rebar, it said in <a href=\"https:\/\/ent.news\/2019\/10\/200.pdf\">a statement (pdf)<\/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\/commodities\/\">commodities<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tax\/\">tax<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"594204\" 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=\"594204\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">17<\/div>\r\n\r\n                    <p class=\"f-graphik\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/22\/giza-zoo-receives-a-hippo-kudo-and-arabian-oryx\/\">\r\n                            Giza Zoo receives a hippo, kudo, and Arabian oryx                        <\/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\/22\/giza-zoo-receives-a-hippo-kudo-and-arabian-oryx\/\" 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\/22\/giza-zoo-receives-a-hippo-kudo-and-arabian-oryx\/')\">\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\/22\/giza-zoo-receives-a-hippo-kudo-and-arabian-oryx\/\">\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=Giza Zoo receives a hippo, kudo, and Arabian oryx&url=https:\/\/enterpriseam.com\/egypt\/2019\/10\/22\/giza-zoo-receives-a-hippo-kudo-and-arabian-oryx\/\">\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\/22\/giza-zoo-receives-a-hippo-kudo-and-arabian-oryx\/&title=Giza Zoo receives a hippo, kudo, and Arabian oryx\">\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 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data-attachment-id=\"594205\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/22\/giza-zoo-receives-a-hippo-kudo-and-arabian-oryx\/2933-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/10\/2933.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2933.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/10\/2933.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/10\/2933.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-594204\" class=\"content-area-description single-story post-594204 post type-post status-publish format-standard has-post-thumbnail hentry category-on-your-way-out tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>The Giza Zoo has received three newborn animals<\/b> \u2014 a hippopotamus, a kudu, and an Arabian oryx, <a href=\"https:\/\/www.egypttoday.com\/Article\/9\/76021\/Giza-Zoo-welcomes-newborn-hippo-kudu-Arabian-oryx\">according to Egypt Today<\/a>. The kudu and oryx are two species of antelopes. The oryx became extinct in the wild in the 1970s, prompting animal conservationists to begin breeding them in captivity. All three animals will soon be available to the public for viewing.<\/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<section id=\"594206\" 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=\"594206\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">18<\/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\/22\/the-market-yesterday-272\/\">\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\/22\/the-market-yesterday-272\/\" 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\/22\/the-market-yesterday-272\/')\">\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\/22\/the-market-yesterday-272\/\">\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\/22\/the-market-yesterday-272\/\">\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\/22\/the-market-yesterday-272\/&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%2F22%2Fthe-market-yesterday-272%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\/22\/the-market-yesterday-272\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-594206\" class=\"content-area-description single-story post-594206 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 16.14 | Sell 16.27<b><\/p>\n<p> EGP \/ USD at CIB:<\/b> Buy 16.15 | Sell 16.25<\/p>\n<p> <b>EGP \/ USD at NBE: <\/b>Buy 16.16 | Sell 16.26<\/p>\n<p><b>EGX30<\/b> (Monday): 14,179 (-0.4%)<\/p>\n<p> <b>Turnover:<\/b> EGP 438 mn (38% below the 90-day average)<\/p>\n<p> <b>EGX 30 year-to-date<\/b>: +8.8%<\/p>\n<p><b>THE MARKET ON MONDAY:<\/b> The EGX30 ended Monday\u2019s session down 0.4%. CIB, the index\u2019s heaviest constituent, ended down 0.6%. EGX30\u2019s top performing constituents were Juhayna up 1.8%, Sidi Kerir Petrochemicals up 1.3%, and Madinet Nasr Housing up 1.0%. Yesterday\u2019s worst performing stocks were Egyptian Resorts down 2.2%, Egyptian Iron & Steel down 2.2% and Oriental Weavers down 2.1%. The market turnover was EGP 438 mn, and foreigner investors were the sole net buyers.<\/p>\n<p><b>Foreigners<\/b>: Net long | EGP +12.5 mn<\/p>\n<p> <b>Regional<\/b>: Net short | EGP -0.7 mn<\/p>\n<p> <b>Domestic<\/b>: Net short | EGP -11.8 mn<\/p>\n<p><b>Retail<\/b>: 71.6% of total trades | 69.9% of buyers | 73.3% of sellers<\/p>\n<p> <b>Institutions<\/b>: 28.4% of total trades | 30.1% of buyers | 26.7% of sellers<\/p>\n<p><b>WTI:<\/b> USD 53.37 (+0.1%)<\/p>\n<p> <b>Brent:<\/b> USD 58.96 (-0.8%)<\/p>\n<p><b>Natural Gas<\/b> (Nymex, futures prices) USD 2.24 MMBtu, (+0.1%, November 2019 contract)<\/p>\n<p> <b>Gold:<\/b> USD 1,487.80 \/ troy ounce (-0.0%)<\/p>\n<p><b>TASI:<\/b> 7,764 (-0.3%) (YTD: -0.8%)<\/p>\n<p> <b>ADX:<\/b> 5,102 (+0.3%) (YTD: +3.8%)<\/p>\n<p> <b>DFM:<\/b> 2,763 (+0.1%) (YTD: +9.3%)<\/p>\n<p> <b>KSE Premier Market:<\/b> 6,271 (+0.3%)<\/p>\n<p> <b>QE:<\/b> 10,396 (-0.2%) (YTD: +1.0%)<\/p>\n<p> <b>MSM:<\/b> 4,016 (+0.0%) (YTD: -7.1%)<\/p>\n<p> <b>BB: <\/b>1,526 (-0.0%) (YTD: +14.2%)<\/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=\"594207\" 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\/22\/594207\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-594207\" class=\"content-area-description single-story post-594207 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>20-24 October (Sunday-Thursday) <a href=\"https:\/\/www.cairowaterweek.eg\/\">The 2nd Annual Cairo Water Week Conference<\/a>, Al-Manara International Conference Center, New Cairo, Cairo, Egypt<\/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>November: ITIDA <a href=\"https:\/\/www.youm7.com\/story\/2019\/10\/20\/%D8%B5%D9%86%D8%A7%D8%B9%D8%A9-%D8%AA%D9%83%D9%86%D9%88%D9%84%D9%88%D8%AC%D9%8A%D8%A7-%D8%A7%D9%84%D9%85%D8%B9%D9%84%D9%88%D9%85%D8%A7%D8%AA-%D8%AD%D8%B3%D9%85-%D9%85%D9%86%D8%A7%D9%82%D8%B5%D8%A9-%D9%85%D8%AC%D9%85%D8%B9%D8%A7%D8%AA-%D8%A5%D8%A8%D8%AF%D8%A7%D8%B9-%D8%A7%D9%84%D8%A5%D9%84%D9%83%D8%AA%D8%B1%D9%88%D9%86%D9%8A%D8%A7%D8%AA-%D8%A3%D9%88%D9%84-%D9%86%D9%88%D9%81%D9%85%D8%A8%D8%B1\/4465587\">to announce<\/a> the winning bid in a tender to manage three new innovation centers.<\/p>\n<p>3 November (Sunday): Real Estate Debate 2019 Conference \u2013 Catalysts for Growth in 2020, Cairo Marriott Hotel.<\/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>4-6 November (Monday-Wednesday): Egypt\u2019s Chamber of Tourism Establishments <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/353335\/Egypt\/Politics-\/Egypt-participates-in-UKs-World-Travel-and-Tourism.aspx\">will participate<\/a> in the UK\u2019s <a href=\"https:\/\/london.wtm.com\/\">World Travel Market<\/a> (WTM) event in London.<\/p>\n<p>7 November (Thursday): AmCham <a href=\"https:\/\/alborsaanews.com\/2019\/10\/20\/1256683\">will hold<\/a> the Prosper Africa Event.<\/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>18 November (Monday): AmCham\u2019s <a href=\"https:\/\/alborsaanews.com\/2019\/10\/20\/1256683\">US-Egypt Proposer Forum<\/a> in Cairo.<\/p>\n<p>20 November (Wednesday): <a href=\"http:\/\/www.miic.gov.eg\/Arabic\/MediaCenter\/News\/Pages\/%D8%B1%D8%A6%D9%8A%D8%B3-%D9%85%D8%AC%D9%85%D9%88%D8%B9%D8%A9-%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D8%A7%D8%B3%D9%84%D8%A7%D9%85%D9%89-%D9%84%D9%84%D8%AA%D9%86%D9%85%D9%8A%D8%A9-%D8%A7%D9%84%D8%A7%D8%B5%D9%84%D8%A7%D8%AD-%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A-%D9%88%D8%A7%D9%84%D8%AA%D8%B4%D8%B1%D9%8A%D8%B9%D9%8A-%D9%88%D8%A7%D9%84%D8%AA%D9%8A%D8%B3%D9%8A%D8%B1%D8%A7%D8%AA-%D8%A7%D9%84%D9%85%D9%82%D8%AF%D9%85%D8%A9-%D9%84%D9%84%D9%85%D8%B3%D8%AA%D8%AB%D9%85%D8%B1%D9%8A%D9%86-%D8%AA%D8%B4%D8%AC%D8%B9-%D8%B9%D9%84%D9%89-%D8%B2%D9%8A%D8%A7%D8%AF%D8%A9-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1%D8%A7%D8%AA.aspx\">The Investment Ministry<\/a> and the Islamic Development Bank will organize the \u201cleaders for change\u201d startup competition as part of the Fekretak Sherketak initiative, location TBD, Cairo, Egypt.<\/p>\n<p>22-23 November (Friday-Saturday): <a href=\"https:\/\/www.investmentforafrica.com\/\">Invest in Africa 2019 conference<\/a>, New Administrative Capital.<\/p>\n<p>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 2020: <a href=\"http:\/\/www.menafatf.org\/about\">The Middle East and North Africa Financial Action Task Force<\/a> (MENAFATF) <a href=\"https:\/\/almalnews.com\/%d9%85%d8%ac%d9%85%d9%88%d8%b9%d8%a9-%d8%a7%d9%84%d8%b9%d9%85%d9%84-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%8a-%d8%aa%d8%b2%d9%88%d8%b1-%d9%85%d8%b5%d8%b1-%d9%85%d8%a7%d8%b1%d8%b3-%d8%a7%d9%84%d9%85%d9%82\/\">will visit<\/a> Egypt to assess the progress of actions taken to combat money laundering and terrorist sponsoring activities.<\/p>\n<p>4-5 March 2020 (Wednesday-Thursday): <a href=\"http:\/\/enterprise.press\/wp-content\/uploads\/2019\/10\/Press-Release-26th-Annual-Women-Economic-Forum-March-2020-Cairo-Egypt.pdf\">Women Economic Forum<\/a>, Cairo.<\/p>\n<p>25-26 March 2020 (Wednesday-Thursday): <a href=\"http:\/\/www.megaprojectsconf.com\/\">Mega Projects Conference<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>23 April 2020 (Thursday): First day of Ramadan (TBC).<\/p>\n<p>23-26 May 2020 (Saturday-Tuesday): Eid El Fitr (TBC).<\/p>\n<p>5-7 May 2020 (Tuesday-Thursday): <a href=\"https:\/\/www.afsic.net\/\">AFSIC - Investing in Africa<\/a>, London, United Kingdom.<\/p>\n<p>30 June 2020 (Sunday): June 2013 protests anniversary, national holiday.<\/p>\n<p>November 2020: Egypt <a href=\"http:\/\/gate.ahram.org.eg\/News\/2284801.aspx\">will host simultaneously<\/a> the International Capital Market Association\u2019s emerging market, and Africa and Middle East meetings.<\/p>\n<p>30 July 2020-3 August 2020 (Thursday-Monday): Eid El Adha (TBC), national holiday.<\/p>\n<p>19-20 August 2020 (Wednesday-Thursday): Islamic New Year (TBC), national holiday.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":594173,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-594172","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"ad9ae5f4-45a3-47ef-9f8d-c32b0b0c8cff","teaser":"","photo_url":"https:\/\/ent.news\/2019\/8\/EGX-1600px.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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