{"id":595447,"date":"2019-09-26T04:04:07","date_gmt":"2019-09-26T04:04:07","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=595447"},"modified":"2025-12-16T18:45:22","modified_gmt":"2025-12-16T18:45:22","slug":"egx-snaps-losing-streak-as-investors-hold-breath-for-interest-rate-decision-weekend-developments","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/egx-snaps-losing-streak-as-investors-hold-breath-for-interest-rate-decision-weekend-developments\/","title":{"rendered":"EGX snaps losing streak as investors hold breath for interest rate decision, weekend developments"},"content":{"rendered":"<section id=\"595449\" 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=\"595449\">\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\/09\/26\/what-were-tracking-on-26-september-2019\/\">\r\n                            What we\u2019re tracking on 26 September 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\/09\/26\/what-were-tracking-on-26-september-2019\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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We\u2019re going to go out on a limb and say it is likely to be an uneventful day today as investors hold their breath ahead of the central bank\u2019s interest rate decision and wait to see whether there are protests again this weekend.<\/p><p><b>And for all of the hand-wringing this week, it\u2019s particularly nice to end with a run of decent business news: <\/b>Global insurance giant Prudential is investing in a Sarwa Capital subsidiary, e-commerce startup MaxAB just raised a massive USD 6.2 bn seed round, and France\u2019s Valeo is going to open two customer service centers in Egypt. We have chapter and verse on all three developments in this morning\u2019s Speed Round, below.<\/p><p class=\"web-image\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-09-25\/rate-intrigue-returns-to-egypt-with-protests-decision-day-guide\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/9\/1063.jpg?ssl=1\"><\/a><\/p><p><b>That\u2019s right, folks: It\u2019s interest rate day. The Central Bank of Egypt\u2019s Monetary Policy Committee <\/b>will meet today to review key interest rates. The market\u2019s reaction to last weekend\u2019s protests \u201ccoupled with greater political risk across the Middle East, mean a more moderate cut, or even a hold, may now also be on the table,\u201d <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-09-25\/rate-intrigue-returns-to-egypt-with-protests-decision-day-guide\">Bloomberg<\/a> forecasts.<\/p><p><b>Who\u2019s expecting what?<\/b> <a href=\"https:\/\/enterprise.press\/stories\/2019\/09\/22\/enterprise-poll-central-bank-of-egypt-could-cut-interest-rates-again-this-week\/\">Eight of the nine economists we surveyed<\/a> expect a rate cut of 50-150 bps, while all respondents to Reuters\u2019 interest rate poll also expect a cut. Our friend the economist Reham El Desoki told Bloomberg she expects a 50-100 bps cut, but isn\u2019t ruling out a \u201cmore conservative\u201d decision to keep rates on hold for now and accelerate monetary easing next year. Expectations of a cut come on the back of unexpectedly low inflation figures in August. Prime Securities\u2019 Mona Bedair also said in a research note <a href=\"https:\/\/www.masrawy.com\/news\/news_economy\/details\/2019\/9\/25\/1641110\/-%D8%A8%D8%B1%D8%A7%D9%8A%D9%85-%D9%8A%D8%AA%D9%88%D9%82%D8%B9-%D8%AE%D9%81%D8%B6-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D8%A3%D8%B3%D8%B9%D8%A7%D8%B1-%D8%A7%D9%84%D9%81%D8%A7%D8%A6%D8%AF%D8%A9-%D8%BA%D8%AF%D8%A7-%D8%A8%D9%8A%D9%86-0-5-%D9%881-#sectionListing\">picked up by Masrawy yesterday<\/a> she expects a 50-100 bps cut when the MPC meets today.<\/p><p class=\"web-image\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-09-25\/middle-eastern-bond-sales-surge-as-yields-hit-record-lows\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/9\/744.png?ssl=1\"><\/a><\/p><p><b>Middle East eurobond issuances are ramping up as interest rates come down:<\/b> Corporate and sovereign eurobond issuances in the Middle East and North Africa are hitting the market \u201cat a record pace as global monetary easing prompts them to exploit the lowest funding costs they\u2019ve ever experienced,\u201d <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-09-25\/middle-eastern-bond-sales-surge-as-yields-hit-record-lows\">according to Bloomberg<\/a>. The region has seen around USD 85 bn-worth of eurobond sales this year, with Saudi Aramco and Qatar leading the pack with the largest issuances. Saudi Arabia could also bring a new issuance to market this year, while the Egyptian government <a href=\"https:\/\/enterprise.press\/stories\/2019\/09\/23\/egypt-to-tap-intl-banks-to-manage-usd-2-5-3-bn-eurobond-issuance-within-three-weeks\/\">is expected to move ahead<\/a> with a USD 2.5-3 bn eurobond issuance at the end of 2019 or early 2020.<\/p><p>Conferences taking place in the coming days:<\/p><ul>\n<li><b>The launch of the Mediterranean Business Angels Network<\/b> will take place at the three-day <a href=\"https:\/\/press.us9.list-manage.com\/track\/click?u=3f7bc576715ca1a70edef2788&amp;id=6f1cf99c74&amp;e=b1f7fa86d8\">Techne Summit 2019<\/a>, which starts on Saturday, 28 September at Alexandria\u2019s Bibliotheca Alexandrina.<\/li>\n<li><b>Beltone Financial Holding will hold its <\/b><a href=\"http:\/\/enterprise.press\/wp-content\/uploads\/2019\/09\/Beltone-Access-Conference_-Press-Release.pdf\"><b>Beltone Access conference<\/b><\/a><b> in Dubai<\/b> next week. <\/li>\n<\/ul><p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/462.jpg?ssl=1\"><\/p><p><b>Aramco could list in November:<\/b> Saudi Aramco could kick off its IPO process around 20 October ahead of a potential listing on the Tadawul in November, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-09-25\/aramco-is-said-set-to-formally-announce-listing-plan-next-month-k0z1wxab?srnd=premium-middle-east\">sources told Bloomberg<\/a>. The company hopes to achieve a minimum USD 2 tn valuation, and began meetings with analysts yesterday. This contradicts the claims of two sources <a href=\"https:\/\/enterprise.press\/stories\/2019\/09\/25\/what-were-tracking-on-25-september-2019\/\">who said on Tuesday<\/a> that the IPO is unlikely to take place this year due to <a href=\"https:\/\/enterprise.press\/stories\/2019\/09\/15\/what-were-tracking-on-15-september-2019\/\">the recent attacks<\/a> on the company\u2019s facilities. Aramco is currently battling to get the Abqaiq and Khurais refineries back online, a process <a href=\"https:\/\/enterprise.press\/stories\/2019\/09\/15\/what-were-tracking-on-15-september-2019\/\">which sources said earlier this week<\/a> could take months.<\/p><p><b>The stake on offer could also be doubled:<\/b> Sources separately told <a href=\"https:\/\/www.wsj.com\/articles\/saudi-arabia-considers-doubling-stakes-offered-in-aramco-ipo-11569349705\">the Wall Street Journal<\/a> that the Saudi Royal Court is considering upping the stake to as much as 10%, instead of the 5% stake that the company was expected to offer. Should Aramco get its target valuation, the listing would raise USD 200 bn, eight times more than the USD 25 bn brought in by Alibaba, currently the biggest IPO in history.<\/p><hr class=\"grey-line\"><p><b>CEO scalps are hanging on boardroom walls: <\/b>It\u2019s been a really horrible week in which to be a high-profile CEO in the US of A, with Adam Neumann having been <a href=\"https:\/\/www.ft.com\/content\/d7997af8-deec-11e9-b112-9624ec9edc59\">forced out as CEO of WeWork<\/a>, <a href=\"https:\/\/www.wsj.com\/articles\/ebay-president-ceo-devin-wenig-resigns-11569417914\">EBay chief Devin Wenig stepping down<\/a> after conflicts with his new board, and <a href=\"https:\/\/www.nytimes.com\/2019\/09\/25\/health\/juul-vaping.html\">Juul Labs tossing out its CEO<\/a> and replacing him with a veteran executive of Big Tobacco.<\/p><p><b>A readout of a phone call confirms The Donald asked Ukraine\u2019s president to investigate American presidential candidate Joe Biden<\/b>, <a href=\"https:\/\/www.nytimes.com\/2019\/09\/25\/us\/politics\/donald-trump-impeachment-probe.html\">adding fuel to impeachment proceedings<\/a>.<\/p><p><b>Bibi has 28 days to try to form a new government<\/b> and could request a two-week extension if necessary, <a href=\"https:\/\/www.reuters.com\/article\/us-israel-election\/netanyahu-tapped-by-israels-president-to-form-new-government-idUSKBN1WA2AO\">Reuters<\/a> reports. Netanyahu.<\/p><p><b>Among the handful of things making us go \u201cHmm\u2026\u201d heading into the weekend:<\/b><\/p><ul>\n<li><b>Facebook has gobbled up a company that mind-controlled tech:<\/b> Our social media \u2014 and soon-to-be financial \u2014 overlords have agreed to purchase <a href=\"https:\/\/www.ctrl-labs.com\/\">CTRL-Labs<\/a>, a tech startup developing software that can be controlled by thought alone, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-09-23\/facebook-to-buy-startup-for-controlling-computers-with-your-mind?srnd=premium-middle-east\">Bloomberg says<\/a>. <\/li>\n<li><b>Pre-food at McDonalds: Like Minority Report, but with burgers.<\/b> The US fast food giant is harnessing big data to predict what each customer wants to eat before they even order. This short Bloomberg video has more (<a href=\"https:\/\/www.bloomberg.com\/news\/videos\/2019-09-25\/mcdonald-s-wants-to-know-your-order-before-you-do-video\">watch, runtime: 1:30<\/a>).<\/li>\n<li><b>The struggle over the gig economy continues: <\/b>Drivers working for ride-hailing companies such as Uber and Lyft are divided over <a href=\"https:\/\/www.wsj.com\/articles\/california-enacts-law-to-classify-some-gig-workers-as-employees-11568831719?mod=article_inline\">new legislation<\/a> signed in California last week that reclassifies them as employees, <a href=\"https:\/\/www.wsj.com\/articles\/uber-lyft-drivers-torn-as-california-law-could-reclassify-them-11569063601\">the Wall Street Journal reports<\/a>. <\/li>\n<li><b>Our greener future is in \u2026 natural gas? <\/b>An opinion piece in <a href=\"https:\/\/www.wsj.com\/articles\/natural-gas-will-make-africa-greener-11569366698\">the Wall Street Journal<\/a> argues that existing solar and wind initiatives are not enough to drive the kind of economic change necessary to raise the standard of living in African countries. <\/li>\n<\/ul><p><b>** A quick programming note: My Morning Routine<\/b>, our popular Thursday section, is on hiatus this week and will be back next Thursday.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/benjamin-netanyahu\/\">Benjamin Netanyahu<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/central-bank-of-egypt\/\">Central Bank of Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/corruption\/\">Corruption<\/a>\n                <!-- 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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=\"595451\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/26\/el-sisis-agenda-in-new-york-egypts-bourse-recovery-on-last-nights-talk-shows\/\">\r\n                            El Sisi\u2019s agenda in New York, Egypt\u2019s bourse recovery on last night\u2019s talk shows                        <\/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 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class=\"entry-content\">\n\n\t\t\n\t\t<p><b>President Abdel Fattah El Sisi\u2019s visit to New York was again the top news item on last night\u2019s talk shows.<\/b> The president, who has been in the Big Apple for the UN General Assembly for a little under a week now, participated in the UN Sustainable Development Summit, Al Hayah Al Youm\u2019s Lobna Assal noted (<a href=\"https:\/\/www.youtube.com\/watch?v=cevntSJX2NY\">watch, runtime: 6:13<\/a>). We have a rundown of the speech and the remainder of El Sisi\u2019s activities in this morning\u2019s Speed Round, below.<\/p>\n<p><b>The EGX30\u2019s recovery yesterday following a sustained sell-off<\/b> was on the radar of Yahduth fi Masr\u2019s Sherif Amer (<a href=\"https:\/\/www.youtube.com\/watch?v=9ImvDxbGzY8\">watch, runtime: 1:23<\/a>).<\/p>\n<p><b>Naguib talks <\/b><a href=\"http:\/\/enterprise.press\/wp-content\/uploads\/2019\/09\/Beltone-Access-Conference_-Press-Release.pdf\"><b>Beltone Access conference<\/b><\/a><b>, Egypt\u2019s EM darling status:<\/b> Naguib Sawiris phoned into Yahduth fi Masr to give Amer a rundown of the Beltone Access conference, which gets underway next week, and give his take on Egypt being hailed as an emerging markets darling (<a href=\"https:\/\/www.youtube.com\/watch?v=Ss1lnn2TJz0\">watch, runtime: 3:59<\/a>).<\/p>\n<p>Elsewhere, <b>the role of the Ikhwan in last weekend\u2019s protests<\/b> was the focal point for Masaa DMC\u2019s Ramy Radwan. The host aired what he claimed were leaked telephone conversations between an unnamed senior Ikhwan member and former presidential candidate Ayman Nour\u2019s Turkey-based office manager (<a href=\"https:\/\/www.youtube.com\/watch?v=rg5RgY_BxMc&feature=youtu.be\">watch, runtime: 4:39<\/a>) and another allegedly between Ikhwan leader Aly Bateekh and an anonymous co-conspirator (<a href=\"https:\/\/www.youtube.com\/watch?v=BDJZLuV5yo0&feature=youtu.be\">watch, runtime: 5:52<\/a>). The recordings suggest the Ikhwan is looking to increase its social media activity to encourage more demonstrations.<\/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\/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\/media\/\">media<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/muslim-brotherhood\/\">Muslim Brotherhood<\/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=\"595452\" 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=\"595452\">\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\/09\/26\/egypts-benchmark-egx30-index-rises-3-2-after-eight-day-slide\/\">\r\n                            Egypt\u2019s benchmark EGX30 index rises 3.2% after eight-day slide                        <\/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\/09\/26\/egypts-benchmark-egx30-index-rises-3-2-after-eight-day-slide\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The benchmark EGX30 closed up 3.2%, with 29 of the index\u2019s constituents rising. \u201cWhat is happening is just a breath-taking break after three sessions of severe downturn and about eight sessions of consecutive declines,\u201d Ibrahim Al Nimr, head of technical analysis at Cairo\u2019s Naeem Brokerage, <a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL3N26G2FV\">told Reuters<\/a>.<\/p>\n<p><b>Gains for 29 out of the 30 stocks:<\/b> CIB, which counts for over a third of the EGX30\u2019s weighting, gained 3.4%. Palm Hills was up 6.1% and Elsewedy Electric 4.3%. Investors also snapped up shares that were among the hardest-hit earlier in the week, with Eastern Company and Ezz Steel each up 4.7%, Egyptian Iron & Steel gaining 5.4%, and Juhayna rising 3.5%. Education outfit CIRA was the only company on the index to finish in the red, down 3.9% at close.<\/p>\n<p><b>Foreigners bought the dip:<\/b> They may have been <a href=\"https:\/\/enterprise.press\/#tldr-story-01\">leading the sell-off<\/a> on Tuesday, but yesterday foreign investors offered the EGX some respite from a losing streak that had seen the index plunge 11% in the previous three sessions on the back of weekend protests. Trading data showed foreign investors as net buyers to the tune of EGP 131.6 mn and Arabs buying a net EGP 48.2 mn worth of shares.<\/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\/equities\/\">equities<\/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\/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=\"595462\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"595463\" 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=\"595463\">\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\">COFFEE WITH ENTERPRISE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/26\/coffee-with-walid-sheta-regional-president-of-egypt-north-east-africa-and-levant-at-schneider-electric\/\">\r\n                            Coffee with Walid Sheta, regional president of Egypt, North East Africa and Levant at Schneider Electric                        <\/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\/09\/26\/coffee-with-walid-sheta-regional-president-of-egypt-north-east-africa-and-levant-at-schneider-electric\/\" 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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Infrastructure development in the country is growing, particularly on the electricity transmission front and on water, desalination and wastewater front. The past year also saw the country take strides in upgrading railway and land transport network. And Schneider has its hands in all of it. But beyond utilities, the company sees itself as a technology solutions provider, specializing in energy efficiency and it\u2019s betting the future on it. The company is also planning to focus on growing exports from Egypt now that it <a href=\"https:\/\/enterprise.press\/stories\/2019\/09\/24\/schneider-egypt-inks-settlement-on-overdue-export-subsidies\/\">had reached a settlement<\/a> with the government on overdue subsidies. That\u2019s the vision laid out for us by the company\u2019s regional president for Egypt, North East Africa and the Levant, Walid Sheta, in the latest installment in our Coffee With\u2026 series.<\/p>\n<p><b>Who is Walid Sheta?<\/b> Sheta\u2019s 25-year career at Schneider Electric has seen him work across Africa, the UAE, France and others. Sheta was regional president of the West Africa region which comprises of Nigeria, Ghana, Sierra Leone and Liberia, following a stint as the company\u2019s vice president for all of Africa.<\/p>\n<p><b>Is Schneider Electric getting into the VC game?<\/b> One of the surprising takeaways from the sit-down was Sheta\u2019s announcement that Schneider Electric is setting up a venture capital fund that will target startups whose focus will be on the digital economy and energy efficiency. He added that some of the startups that the company is targeting will be based in Egypt. As we noted yesterday, Middle East and Africa President Caspar Herzberg <a href=\"https:\/\/enterprise.press\/stories\/2019\/09\/25\/schneider-electric-looking-to-buy-egyptian-tech-companies\/\">said that the company<\/a>is mulling the acquisition of a number of Egyptian tech companies.<\/p>\n<p>Other key takeaways from the interview include:<\/p>\n<ul>\n<li>Egypt is the anchor for Schneider Electric\u2019s growth in the region, and is at the center of its global transformation strategy;<\/li>\n<li>Expanding its staff of digitally-literate engineers is the focus of the company\u2019s investment plans this year;<\/li>\n<li>Schneider Electric anticipates growth in sales in hospitality (and away from traditional oil and gas) as tourism continues to rebound;<\/li>\n<li>Bureaucracy and red tape continue to be the biggest operating challenge in Egypt;<\/li>\n<li>The government\u2019s continued focus on electricity power generation with Dabaa despite a surplus is key to ensure supply meets the demands of our birth rates;<\/li>\n<li>Government taking a step back in infrastructure development and allowing the private sector a bigger role is the most exciting trend happening in infrastructure today.<\/li>\n<\/ul>\n<p><b>Enterprise: <\/b>Can you tell us what the company is focusing on in Egypt? Where does the country fit into its global strategy?<\/p>\n<p><b>Walid Sheta:<\/b> Globally, Schneider Electric has shifted its focus for the past 12 years towards energy efficiency and transitioning away from being a company focused on electrical distribution equipment and automation. We define ourselves now as a technology provider that makes energy safer, more efficient, more productive, and greener in all our markets. Globally, we\u2019ve made 74 acquisitions worldwide, two of which were leaders in managing power grids. While we haven\u2019t made any acquisitions for energy efficiency companies in Egypt as of yet, we see it as a prime market for this focus, considering its 100 mn population, its growing consumption rate, and the need to maximize our energy efficiency.<\/p>\n<p>Egypt is also crucial for us in the next step in the company\u2019s global transformation: The move to digital and digitization. We want to become digital technology providers. From a tech point of view, this is very easy to do in Egypt right now. The Egyptian population is extremely digitized and connected. Moving forward, a key focus of ours for Egypt is to train the electricians to adapt to this changing landscape. We\u2019re teaching them how to install electrical equipment in your house, or in electrical distribution boards \u2014 a black box that, through the Cloud, can connect you through an app. We believe that transformation is taking place in Egypt in this sector.<\/p>\n<p><b>E: <\/b>How does that translate vis-\u00e0-vis your investments on the ground?<\/p>\n<p><b>WS:<\/b> This year, we\u2019re ratcheting up our investment in people. We added 280 new people to our workforce of 1,600 employees here. Half of the new recruits are tech savvy engineers or white-collar professionals to service our two main lines of business. The first is the standard electricity consuming businesses and the other is the turnkey projects, for which you need a lot of talented project and contract managers, engineers, and others with technical expertise.<\/p>\n<p>This investment in our people is driving our regional expansion plans as we intend to boost our staff of engineers to be able to carry on projects all over Africa. These will likely be major projects that will employ a lot of Egyptians. We also export from our EUR 210 mn Badr City factory which produces low- and medium-voltage distribution equipment. We recently spent approximately EUR 10 mn on increasing capacity for the plant.<\/p>\n<p><b>E: <\/b>So in numbers, how much did you invest this year?<\/p>\n<p><b>WS:<\/b> In 2018, we invested around EUR 35 mn. It would be slightly less this year.<\/p>\n<p><b>E:<\/b> You mentioned earlier that Egypt was a regional success story for Schneider Electric. How does it compare in terms of growth to other countries in the region? Where does Egypt rank?<\/p>\n<p><b>WS: <\/b>In 2019, Egypt is spearheading regional growth both in value and percentage all over the Middle East and Africa. This includes Saudi Arabia and the GCC, Turkey, South Africa, Nigeria. This has been the case in 2017, 2018, and is continuing in 2019 where we had consistent double-digit growth. And this spike in growth has been seen in all sectors, including in water and waste-water, utilities, and transportation infrastructure. We\u2019re continuing to supply the electrical equipment that has made the Cairo Metro Line 1 run since the 1990s. Business is also growing in sectors outside of infrastructure. We supply the electrical distribution switchgears for the Zohr gas field. We even supply electrical equipment to important cultural heritage projects like Bibliotheca Alexandrina.<\/p>\n<p><b>E:<\/b> Which megaprojects are you guys working on currently?<\/p>\n<p><b>WS:<\/b> A big focus for us is working with the Electricity Ministry on the dispatch control centers for the electricity grid. President Abdel Fattah El Sisi has made developing the grid\u2019s distribution capabilities and their required dispatch control centers a national priority. We\u2019ve been tasked with automating and making the grid \u201csmarter.\u201d<\/p>\n<p>We\u2019re also working on supplying the electrical infrastructure works on new cities currently being constructed, including in the new administrative capital. We\u2019re currently advising on making the new capital a smart city and how it can be done in a sustainable, energy-efficient way.<\/p>\n<p><a href=\"https:\/\/enterprise.press\/2019\/09\/26\/coffee-walid-sheta-regional-president-egypt-north-east-africa-levant-schneider-electric\/\"><b>Tap or click here to read the rest of the interview. <\/b><\/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\/coffee-with\/\">Coffee With<\/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\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/schneider-electric\/\">Schneider Electric<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/walid-sheta\/\">Walid Sheta<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/water\/\">water<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"595465\" 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=\"595465\">\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\">Image of the Day<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/26\/environmental-photographer-of-the-year-2019-chronicles-damage-of-rising-sea-levels\/\">\r\n                            Environmental photographer of the year 2019 chronicles damage of rising sea levels                        <\/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\/09\/26\/environmental-photographer-of-the-year-2019-chronicles-damage-of-rising-sea-levels\/\" 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\/09\/26\/environmental-photographer-of-the-year-2019-chronicles-damage-of-rising-sea-levels\/')\">\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\/09\/26\/environmental-photographer-of-the-year-2019-chronicles-damage-of-rising-sea-levels\/\">\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=Environmental photographer of the year 2019 chronicles damage of rising sea levels&url=https:\/\/enterpriseam.com\/egypt\/2019\/09\/26\/environmental-photographer-of-the-year-2019-chronicles-damage-of-rising-sea-levels\/\">\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\/09\/26\/environmental-photographer-of-the-year-2019-chronicles-damage-of-rising-sea-levels\/&title=Environmental photographer of the year 2019 chronicles damage of rising sea levels\">\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=Environmental+photographer+of+the+year+2019+chronicles+damage+of+rising+sea+levels+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F09%2F26%2Fenvironmental-photographer-of-the-year-2019-chronicles-damage-of-rising-sea-levels%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\/09\/26\/environmental-photographer-of-the-year-2019-chronicles-damage-of-rising-sea-levels\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/9\/1455.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"595466\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/26\/environmental-photographer-of-the-year-2019-chronicles-damage-of-rising-sea-levels\/1455-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/9\/1455.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1455.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/9\/1455.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/9\/1455.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-595465\" class=\"content-area-description single-story post-595465 post type-post status-publish format-standard has-post-thumbnail hentry category-image-of-the-day tag-climate-change tag-enterpriseam tag-environment tag-image-of-the-day tag-photography wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>Environmental photographer of the year 2019 chronicles damage of rising sea levels:<\/b> India\u2019s SL Shanth Kumar was announced as the Chartered Institution of Water and Environmental Management\u2019s (CIWEM) <a href=\"https:\/\/www.ciwem.org\/news\/2019-environmental-photographer-of-the-year-revealed\">environmental photographer of the year 2019<\/a>, at this week\u2019s UN climate summit in New York. Kumar\u2019s prize winning photograph, High Tide Enters Home, shows houses being battered by floods in Mumbai. Like Alexandria, and an increasing number of cities around the world, Mumbai is threatened by rising sea levels and coastal flooding as a result of climate change. CIWEM is a charity that seeks to build a global community of water and environmental professionals working for the public good. You can view a selection of the winning photographs <a href=\"https:\/\/www.theguardian.com\/environment\/gallery\/2019\/sep\/25\/environmental-photographer-of-the-year-2019-winners-in-pictures\">here<\/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\/climate-change\/\">climate change<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/environment\/\">environment<\/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\/photography\/\">photography<\/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=\"595467\" 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=\"595467\">\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\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/26\/the-foreign-press-are-fixated-on-mohamed-ali\/\">\r\n                            The foreign press are fixated on Mohamed Ali                        <\/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\/09\/26\/the-foreign-press-are-fixated-on-mohamed-ali\/\" 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\/09\/26\/the-foreign-press-are-fixated-on-mohamed-ali\/')\">\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\/09\/26\/the-foreign-press-are-fixated-on-mohamed-ali\/\">\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 foreign press are fixated on Mohamed Ali&url=https:\/\/enterpriseam.com\/egypt\/2019\/09\/26\/the-foreign-press-are-fixated-on-mohamed-ali\/\">\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\/09\/26\/the-foreign-press-are-fixated-on-mohamed-ali\/&title=The foreign press are fixated on Mohamed Ali\">\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+foreign+press+are+fixated+on+Mohamed+Ali+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F09%2F26%2Fthe-foreign-press-are-fixated-on-mohamed-ali%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\/09\/26\/the-foreign-press-are-fixated-on-mohamed-ali\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-595467\" class=\"content-area-description single-story post-595467 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-abdel-fattah-el-sisi tag-corruption tag-donald-trump tag-economy tag-egypt-in-the-news tag-enterpriseam tag-journalism tag-media tag-mohamed-ali tag-new-york tag-religion tag-un wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>The foreign press is delving deep into Egyptian whistleblower, Mohamed Ali<\/b>, following protests this past weekend widely linked to his viral allegations of misuse of public funds by the government. Ali touched a sore spot for the Egyptian population as many fall under the poverty line, several outlets suggest: <a href=\"https:\/\/www.economist.com\/middle-east-and-africa\/2019\/09\/24\/muhammad-ali-a-former-actor-living-abroad-is-riling-up-egyptians\">The Economist<\/a>, <a href=\"https:\/\/www.ft.com\/content\/911b9346-de23-11e9-9743-db5a370481bc\">the Financial Times<\/a>, <a href=\"https:\/\/www.dw.com\/en\/egyptians-emboldened-to-defy-el-sissi-in-anti-government-protests\/a-50569185\">Deutsche Welle<\/a>, and <a href=\"https:\/\/www.theguardian.com\/world\/2019\/sep\/25\/contractor-actor-protest-leader-the-egyptian-exile-driving-rare-dissent-mohamed-ali\">the Guardian<\/a> all have the story.<\/p>\n<p><a href=\"https:\/\/www.opendemocracy.net\/en\/north-africa-west-asia\/egypt-when-rivers-run-dry\/\"><b>Open Democracy<\/b><\/a><b> goes one step further,<\/b> using data to suggest that many Egyptians continue to suffer under precarity, despite the positive macro indicators that have so many economists excited. Meanwhile, the Working Group on Egypt, which describes itself as \u201ca bipartisan group of foreign affairs experts formed in 2010,\u201d is <a href=\"https:\/\/carnegieendowment.org\/2019\/09\/25\/statement-by-working-group-on-egypt-pub-79916\">calling on US officials<\/a> to \u201cclearly state ... support for peaceful protests in Egypt.\u201d<\/p>\n<p><b>Trump\u2019s name is also being thrown into the mix<\/b> after he dismissed the protests and praised El Sisi as a great leader during their meeting at the United Nations General Assembly in New York. <a href=\"https:\/\/www.bloomberg.com\/opinion\/articles\/2019-09-25\/if-trump-cares-about-foreign-corruption-don-t-forget-egypt\">Bloomberg<\/a> questions Trump for not asking El Sisi about the allegations after Trump specifically defended his right to ask foreign leaders about corruption. Meanwhile, <a href=\"https:\/\/www.jpost.com\/Middle-East\/Trumps-praise-for-Sisi-could-turn-Egyptian-street-against-US-602781\">the Jerusalem Post<\/a> contemplates whether Trump\u2019s support of El Sisi might egg protestors on.<\/p>\n<p>In a reminder that there are other things going on in Egypt:<\/p>\n<ul>\n<li><b>The touchy subject of female pastors:<\/b> <a href=\"https:\/\/www.al-monitor.com\/pulse\/originals\/2019\/09\/egyptian-woman-ordained-in-texas-church.html\">Al Monitor<\/a> asks whether female pastors will ever become a thing in Egypt, after Cairo-born Gihan Farag returned to Egypt this summer having become a priest in the United Church of Christ in Texas.<\/li>\n<li><b>Egypt retrieves looted coffin from New York: <\/b>A gilded Pharaonic coffin that has been exhibited at the Metropolitan Museum of Art in New York is making its way back to Egypt on account of being \u201clooted antiquity,\u201d <a href=\"https:\/\/apnews.com\/8c7b50653f8e4ed9ae234a8447f1e580\">reports the AP<\/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\/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\/corruption\/\">Corruption<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/donald-trump\/\">Donald Trump<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/journalism\/\">journalism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/media\/\">media<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mohamed-ali\/\">Mohamed Ali<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/new-york\/\">New York<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/religion\/\">Religion<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/un\/\">UN<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"595468\" 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=\"595468\">\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\/09\/26\/annexing-the-west-bank-would-significantly-impact-israels-relationships-with-egypt-and-jordan\/\">\r\n                            Annexing the West Bank would significantly impact Israel\u2019s relationships with Egypt and Jordan                        <\/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\/09\/26\/annexing-the-west-bank-would-significantly-impact-israels-relationships-with-egypt-and-jordan\/\" 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\/09\/26\/annexing-the-west-bank-would-significantly-impact-israels-relationships-with-egypt-and-jordan\/')\">\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\/09\/26\/annexing-the-west-bank-would-significantly-impact-israels-relationships-with-egypt-and-jordan\/\">\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=Annexing the West Bank would significantly impact Israel\u2019s relationships with Egypt and Jordan&url=https:\/\/enterpriseam.com\/egypt\/2019\/09\/26\/annexing-the-west-bank-would-significantly-impact-israels-relationships-with-egypt-and-jordan\/\">\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\/09\/26\/annexing-the-west-bank-would-significantly-impact-israels-relationships-with-egypt-and-jordan\/&title=Annexing the West Bank would significantly impact Israel\u2019s relationships with Egypt and Jordan\">\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=Annexing+the+West+Bank+would+significantly+impact+Israel%E2%80%99s+relationships+with+Egypt+and+Jordan+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F09%2F26%2Fannexing-the-west-bank-would-significantly-impact-israels-relationships-with-egypt-and-jordan%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\/09\/26\/annexing-the-west-bank-would-significantly-impact-israels-relationships-with-egypt-and-jordan\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-595468\" class=\"content-area-description single-story post-595468 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-benjamin-netanyahu tag-diplomacy-foreign-trade tag-enterpriseam tag-israel tag-jordan tag-king-abdullah-ii tag-palestine wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>Annexing the West Bank would significantly impact Israel\u2019s relationships with Egypt and Jordan, says King Abdullah:<\/b> Israeli Prime Minister Benjamin Netanyahu\u2019s campaign pledge to annex the West Bank would have a major impact on its relationships with Egypt and Jordan \u2014 the only two countries in the region with whom it has signed peace treaties \u2014 Jordan\u2019s King Abdullah II told MSNBC (<a href=\"https:\/\/www.msnbc.com\/andrea-mitchell-reports\/watch\/king-abdullah-ii-major-impact-on-relationship-with-jordan-egypt-if-israel-annexes-west-bank-69675077538\">watch, runtime: 08:53<\/a>). Abdullah stressed that a two-state solution was the only solution to the conflict, and that an \u201capartheid Israel\u201d with one rule for Jews and another for Muslims and Christians, would add fuel to an already incendiary situation in the region.<\/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\/benjamin-netanyahu\/\">Benjamin Netanyahu<\/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\/israel\/\">Israel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/jordan\/\">Jordan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/king-abdullah-ii\/\">King Abdullah II<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/palestine\/\">Palestine<\/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=\"595470\" 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=\"595470\">\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\">Telecoms + ICT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/26\/startup-raseedi-looking-to-attract-usd-1-5-mn-investments-next-year\/\">\r\n                            Startup Raseedi looking to attract USD 1.5 mn investments 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\/09\/26\/startup-raseedi-looking-to-attract-usd-1-5-mn-investments-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\/09\/26\/startup-raseedi-looking-to-attract-usd-1-5-mn-investments-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\/09\/26\/startup-raseedi-looking-to-attract-usd-1-5-mn-investments-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=Startup Raseedi looking to attract USD 1.5 mn investments next year&url=https:\/\/enterpriseam.com\/egypt\/2019\/09\/26\/startup-raseedi-looking-to-attract-usd-1-5-mn-investments-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\/09\/26\/startup-raseedi-looking-to-attract-usd-1-5-mn-investments-next-year\/&title=Startup Raseedi looking to attract USD 1.5 mn investments 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=Startup+Raseedi+looking+to+attract+USD+1.5+mn+investments+next+year+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F09%2F26%2Fstartup-raseedi-looking-to-attract-usd-1-5-mn-investments-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\/09\/26\/startup-raseedi-looking-to-attract-usd-1-5-mn-investments-next-year\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-595470\" class=\"content-area-description single-story post-595470 post type-post status-publish format-standard hentry category-telecoms-ict tag-cit tag-enterpriseam tag-ict tag-raseedi tag-startups tag-telecoms-ict wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Telecom startup Raseedi aims to attract USD 1.5 mn in investments in 2020 to expand into new markets and reach 1 mn users, co-founder Samuel Samy <a href=\"https:\/\/alborsaanews.com\/2019\/09\/25\/1248085\">told the local press<\/a>. Raseedi expects to launch new services by the end of this year, including caller ID, and plans to extend its business to Nigeria within the coming two years. Launched at the beginning of this year, the Egypt-based app aims to help mobile users get the best value for the calls they make.<\/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\/ict\/\">ICT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/raseedi\/\">Raseedi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startups\/\">startups<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"595471\" 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=\"595471\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">Banking + Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/26\/domty-signs-egp-100-mn-loan-with-cib\/\">\r\n                            Domty signs EGP 100 mn loan with CIB                        <\/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\/09\/26\/domty-signs-egp-100-mn-loan-with-cib\/\" 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\/09\/26\/domty-signs-egp-100-mn-loan-with-cib\/')\">\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\/09\/26\/domty-signs-egp-100-mn-loan-with-cib\/\">\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=Domty signs EGP 100 mn loan with CIB&url=https:\/\/enterpriseam.com\/egypt\/2019\/09\/26\/domty-signs-egp-100-mn-loan-with-cib\/\">\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\/09\/26\/domty-signs-egp-100-mn-loan-with-cib\/&title=Domty signs EGP 100 mn loan with CIB\">\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=Domty+signs+EGP+100+mn+loan+with+CIB+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F09%2F26%2Fdomty-signs-egp-100-mn-loan-with-cib%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\/09\/26\/domty-signs-egp-100-mn-loan-with-cib\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-595471\" class=\"content-area-description single-story post-595471 post type-post status-publish format-standard hentry category-banking-finance tag-banking tag-banking-finance tag-cib tag-domty tag-enterpriseam tag-finance tag-food wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Cheese producer Domty has signed a medium-term, EGP 100 mn loan with the CIB to fund future expansion plans, including the launch of new products, the company said in an <a href=\"http:\/\/www.egx.com.eg\/downloads\/Bulletins\/234916_2.pdf\">EGX disclosure (pdf)<\/a>. The company agreed to repay the bank within 75 months from the date of the first withdrawal.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking-finance\/\">BANKING + FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cib\/\">CIB<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/domty\/\">Domty<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/finance\/\">Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"595472\" 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=\"595472\">\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\">Other Business News of Note<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/26\/sme-development-authority-taps-eur-15-mn-grant-for-infrastructure-projects\/\">\r\n                            SME Development Authority taps EUR 15 mn grant for infrastructure projects                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/26\/sme-development-authority-taps-eur-15-mn-grant-for-infrastructure-projects\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2019\/09\/26\/sme-development-authority-taps-eur-15-mn-grant-for-infrastructure-projects\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2019\/09\/26\/sme-development-authority-taps-eur-15-mn-grant-for-infrastructure-projects\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=SME Development Authority taps EUR 15 mn grant for infrastructure projects&url=https:\/\/enterpriseam.com\/egypt\/2019\/09\/26\/sme-development-authority-taps-eur-15-mn-grant-for-infrastructure-projects\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2019\/09\/26\/sme-development-authority-taps-eur-15-mn-grant-for-infrastructure-projects\/&title=SME Development Authority taps EUR 15 mn grant for infrastructure projects\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=SME+Development+Authority+taps+EUR+15+mn+grant+for+infrastructure+projects+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F09%2F26%2Fsme-development-authority-taps-eur-15-mn-grant-for-infrastructure-projects%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/26\/sme-development-authority-taps-eur-15-mn-grant-for-infrastructure-projects\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-595472\" class=\"content-area-description single-story post-595472 post type-post status-publish format-standard hentry category-other-business-news-of-note tag-enterpriseam tag-european-investment-bank tag-other-business-news-of-note tag-smes wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The SME Development Authority has signed contracts with six governorates for infrastructure projects that will be financed through a two-year EUR 15 mn European Investment Bank grant signed <a href=\"https:\/\/enterprise.press\/stories\/2018\/10\/11\/smes-development-authority-to-sign-eur-15-mn-loan-with-eib-end-october\/\">last year<\/a>, the authority\u2019s head of human and social development sector, Mohamed Massoud, told <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=25092019&id=8579088b-1094-41e9-bdce-fa2c05fc15b9\">MENA news agency<\/a>. The project aims to improve the business environment for SMEs, and will be implemented in Assiut, Menoufia, Alexandria, Port Said, Sharqia and Giza at the beginning of next year. The rest of the EUR 15 mn grant will be disbursed in 2021, Massoud said.<\/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\/european-investment-bank\/\">European Investment Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/smes\/\">SMEs<\/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=\"595473\" 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=\"595473\">\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\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/26\/new-wef-program-to-improve-womens-participation-in-egyptian-economy\/\">\r\n                            New WEF program to improve women\u2019s participation in Egyptian economy                        <\/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\/09\/26\/new-wef-program-to-improve-womens-participation-in-egyptian-economy\/\" 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\/09\/26\/new-wef-program-to-improve-womens-participation-in-egyptian-economy\/')\">\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\/09\/26\/new-wef-program-to-improve-womens-participation-in-egyptian-economy\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=New WEF program to improve women\u2019s participation in Egyptian economy&url=https:\/\/enterpriseam.com\/egypt\/2019\/09\/26\/new-wef-program-to-improve-womens-participation-in-egyptian-economy\/\">\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\/09\/26\/new-wef-program-to-improve-womens-participation-in-egyptian-economy\/&title=New WEF program to improve women\u2019s participation in Egyptian economy\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=New+WEF+program+to+improve+women%E2%80%99s+participation+in+Egyptian+economy+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F09%2F26%2Fnew-wef-program-to-improve-womens-participation-in-egyptian-economy%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\/09\/26\/new-wef-program-to-improve-womens-participation-in-egyptian-economy\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/9\/907.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"595474\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/26\/new-wef-program-to-improve-womens-participation-in-egyptian-economy\/907-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/9\/907.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"907.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/9\/907.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/9\/907.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-595473\" class=\"content-area-description single-story post-595473 post type-post status-publish format-standard has-post-thumbnail hentry category-on-your-way-out tag-enterpriseam tag-gender tag-world-economic-forum wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>New WEF program to improve women\u2019s participation in Egyptian economy:<\/b> The World Economic Forum is launching its \u201cClosing the Gender Gap Accelerator\u201d in Egypt, an initiative to support boost women\u2019s role in the economy, it <a href=\"https:\/\/www.weforum.org\/press\/2019\/09\/world-economic-forum-announces-closing-the-gender-gap-accelerator-in-egypt\">said in a statement<\/a>. The three-year initiative aims to increase participation in the job market, including in leadership positions, and push for equal pay. Egypt is the ninth government to adopt the initiative and the first in the MENA region. <a href=\"http:\/\/gate.ahram.org.eg\/News\/2285810.aspx\">Al Ahram reported<\/a> that the initiative will be run by the Tourism Ministry alongside the National Council for Women, noting that a letter of intent was inked earlier this week on the sidelines of the <a href=\"https:\/\/www.weforum.org\/events\/sustainable-development-impact-summit-2019\">Sustainable Development Impact Summit<\/a> in New York.<\/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\/gender\/\">gender<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-economic-forum\/\">World Economic Forum<\/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=\"595475\" 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=\"595475\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/26\/the-market-yesterday-299\/\">\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\/09\/26\/the-market-yesterday-299\/\" 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\/09\/26\/the-market-yesterday-299\/')\">\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\/09\/26\/the-market-yesterday-299\/\">\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\/09\/26\/the-market-yesterday-299\/\">\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\/09\/26\/the-market-yesterday-299\/&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%2F09%2F26%2Fthe-market-yesterday-299%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\/09\/26\/the-market-yesterday-299\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-595475\" class=\"content-area-description single-story post-595475 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 16.25 | Sell 16.38<b><\/p>\n<p> EGP \/ USD at CIB:<\/b> Buy 16.26 | Sell 16.36<\/p>\n<p> <b>EGP \/ USD at NBE: <\/b>Buy 16.25 | Sell 16.35<\/p>\n<p><b>EGX30<\/b> (Wednesday): 13,595 (+3.2%)<\/p>\n<p> <b>Turnover:<\/b> EGP 776 mn (17% above the 90-day average)<\/p>\n<p> <b>EGX 30 year-to-date<\/b>: +4.3%<\/p>\n<p><b>THE MARKET ON WEDNESDAY:<\/b> The EGX30 ended Wednesday\u2019s session up 3.2%. CIB, the index\u2019s heaviest constituent, ended up 3.5%. EGX30\u2019s top performing constituents were Palm Hills up 6.1%, Egyptian Resorts up 5.7%, and Egyptian Iron & Steel up 5.4%. Yesterday\u2019s worst performing stocks was Cairo for Investment & Real Estate Development (CIRA) down 3.9%. The market turnover was EGP 776 mn, and local investors were the sole net sellers.<\/p>\n<p><b>Foreigners<\/b>: Net Long | EGP +131.6 mn<\/p>\n<p> <b>Regional<\/b>: Net Long | EGP +48.2 mn<\/p>\n<p> <b>Domestic<\/b>: Net Short | EGP -179.8 mn<\/p>\n<p><b>Retail<\/b>: 55.4% of total trades | 43.8% of buyers | 67.1% of sellers<\/p>\n<p> <b>Institutions<\/b>: 44.6% of total trades | 56.2% of buyers | 32.9% of sellers<\/p>\n<p><b>WTI:<\/b> USD 56.66 (+0.30%)<\/p>\n<p> <b>Brent:<\/b> USD 62.39 (-1.13%)<\/p>\n<p><b>Natural Gas<\/b> (Nymex, futures prices) USD 2.52 MMBtu, (+0.72%, Oct 2019 contract)<\/p>\n<p> <b>Gold:<\/b> USD 1,513.10 \/ troy ounce (+0.05%)<\/p>\n<\/p>\n<p><b>TASI:<\/b> 8,030.29 (-0.49%) (YTD: +2.60%)<\/p>\n<p> <b>ADX:<\/b> 5,088.46 (+0.24%) (YTD: +3.53%)<\/p>\n<p> <b>DFM:<\/b> 2,802.35 (-0.04%) (YTD: +10.78%)<\/p>\n<p> <b>KSE Premier Market:<\/b> 6,264.46 (+0.02%)<\/p>\n<p> <b>QE:<\/b> 10,441.04 (+1.19%) (YTD: +1.38%)<\/p>\n<p> <b>MSM:<\/b> 4,021.73 (+0.10%) (YTD: -6.98%)<\/p>\n<p> <b>BB: <\/b>1,519.97 (-0.01%) (YTD: +13.66%)<\/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=\"595476\" 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\/09\/26\/595476\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-595476\" class=\"content-area-description single-story post-595476 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>26 September (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>27 September (Friday): The Justice Ministry\u2019s dispute resolution committee <a href=\"https:\/\/alborsaanews.com\/2019\/09\/12\/1243772\">will hear<\/a> a case filed by Raya Holding against the Financial Regulatory Authority (FRA).<\/p>\n<p>28-30 September (Saturday-Monday): <a href=\"https:\/\/alex.technesummit.com\/2019\">Techne Summit<\/a>, Alexandria.<\/p>\n<p>28 September (Saturday): Smart Vision <a href=\"https:\/\/www.smarteventeg.com\/index.php\">Egyptian Women\u2019s Forum<\/a>, venue TBA.<\/p>\n<p>October: <a href=\"http:\/\/enterprise.press\/wp-content\/uploads\/2019\/09\/Beltone-Access-Conference_-Press-Release.pdf\">Beltone Access conference<\/a>, Dubai, United Arab Emirates.<\/p>\n<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>5-6 October (Saturday-Sunday): Annual<a href=\"https:\/\/ifta2019cairo.com\/\">International Federation of Technical Analysts (IFTA) conference<\/a>. Cairo Marriott Hotel.<\/p>\n<p>6 October (Sunday): Armed Forces Day, national holiday.<\/p>\n<p>8-10 October (Tuesday-Thursday): <a href=\"http:\/\/enterprise.press\/wp-content\/uploads\/2019\/09\/Korean-Business-Council-Oct2019.pdf\">A delegation of 20 Korean companies visits Egypt<\/a>.<\/p>\n<p>10-13 October (Thursday-Sunday): <a href=\"http:\/\/biwarabia.com\/en\/\">Big Industrial Week Arabia 2019<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/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>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>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 October-1 November (Wednesday-Friday): CIB PSA Women\u2019s World Championship, Great Pyramid of Giza, Cairo.<\/p>\n<p>24 October (Thursday): <a href=\"http:\/\/en.kremlin.ru\/events\/president\/news\/60592\">Russia-Africa Summit<\/a> to take place in Sochi, co-chaired by Vladimir Putin and President Abdel Fattah El Sisi.<\/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-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>29-30 October (Tuesday-Wednesday): US Federal Open Market Committee will hold its two-day policy meeting to review the interest rate.<\/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>3-5 November (Sunday-Tuesday): <a href=\"https:\/\/www.electricxegypt.com\/en\/Homepage.html\">Electrix 2019<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>7-9 November (Thursday-Saturday): <a href=\"https:\/\/www.facebook.com\/events\/egypt-international-exhibitions-center-%D9%85%D8%B1%D9%83%D8%B2-%D9%85%D8%B5%D8%B1-%D9%84%D9%84%D9%85%D8%B9%D8%A7%D8%B1%D8%B6-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A%D8%A9\/biznex-egypt-2019-%D8%A7%D9%84%D9%85%D8%B9%D8%B1%D8%B6-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A-%D9%84%D9%84%D8%A5%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-%D9%88%D8%A7%D9%84%D8%AA%D9%88%D9%83%D9%8A%D9%84%D8%A7%D8%AA-%D8%A7%D9%84%D8%AA%D8%AC%D8%A7%D8%B1%D9%8A%D8%A9\/320897962130653\/\">BiznEx Egypt 2019<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>8-22 November: Egypt will host Under-23 Africa Cup of Nations 2019.<\/p>\n<p>9 November (Saturday): Prophet Mohammed's birthday, national holiday.<\/p>\n<p>9-11 November (Saturday-Monday): <a href=\"https:\/\/www.facebook.com\/vestedsummit\/\">Vested Summit<\/a>, Sahl Hasheesh, Red Sea.<\/p>\n<p>10-14 November (Sunday-Thursday): <a href=\"https:\/\/geomeast.org\/\">GeoMEast International Congress and Exhibition<\/a>, Marriott, Cairo.<\/p>\n<p>11-13 November (Monday-Wednesday): <a href=\"https:\/\/africainvestmentforum.com\/\">Africa Investment Forum<\/a>, Gauteng, South Africa.<\/p>\n<p>14-17 November (Thursday-Sunday): <a href=\"http:\/\/www.mactech.com.eg\/\">Machtech Expo<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>14-17 November (Thursday-Sunday): <a href=\"http:\/\/www.transpotech-eg.com\/\">Transpotech Expo<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>14-17 November (Thursday-Sunday): <a href=\"http:\/\/www.airtech-eg.com\/\">Airtech Expo<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>22-23 November (Friday-Saturday): <a href=\"https:\/\/www.investmentforafrica.com\/\">Invest in Africa 2019 conference<\/a>, New Administrative Capital.<\/p>\n<p>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>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>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>, to be announced and <a href=\"https:\/\/www.facebook.com\/events\/725969441185708\/\">Pitch by the Pyramids<\/a>, Giza Pyramids<\/p>\n<p>8 December (Sunday): <a href=\"https:\/\/www.facebook.com\/events\/725969441185708\/\">Pitch by the Pyramids<\/a>, Giza Pyramids<\/p>\n<p>9-11 December (Monday-Wednesday): <a href=\"http:\/\/www.pacprocess-mea.com\/\">Pacprocess Middle East Africa<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>9-11 December (Monday-Wednesday): <a href=\"http:\/\/www.foodafrica-expo.com\/\">Food Africa 2019 Expo<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>10-11 December (Tuesday-Wednesday): US Federal Open Market Committee will hold its two-day policy meeting to review the interest rate.<\/p>\n<p>14-17 December (Saturday-Tuesday): <a href=\"https:\/\/wyfegypt.com\/\">World Youth Forum<\/a> 2019, Sharm El Sheikh.<\/p>\n<p>26 December (Thursday): Central Bank of Egypt\u2019s monetary policy committee will meet to review interest rates.<\/p>\n<p>January 2020: 2019 Confederation of African Football (CAF) Awards, Albatros Citadel Resort, <a href=\"https:\/\/alborsaanews.com\/2019\/07\/18\/1226515\">Hurghada, Egypt<\/a>.<\/p>\n<p>January 2020: <a href=\"https:\/\/punchng.com\/uk-africa-investment-summit-holds-in-jan-2020-foreign-secretary\/\">UK-Africa Investment summit<\/a>, London, United Kingdom.<\/p>\n<p>9-12 January 2020 (Tuesday-Sunday): <a href=\"http:\/\/www.plastex-online.com\/\">PLASTEX<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>25 January 2020 (Saturday): 25 January revolution anniversary \/ Police Day, national holiday.<\/p>\n<p>25 January 2020 (Saturday): Midterm break for public schools and universities. Also known as: Two weeks of good commute.<\/p>\n<p>8 February 2020 (Saturday): Midterm break ends. Traffic in Cairo stinks once more.<\/p>\n<p>11-13 February 2020 (Tuesday-Thursday): <a href=\"https:\/\/www.egyps.com\/\">Egypt Petroleum Show<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>March: <a href=\"http:\/\/www.menafatf.org\/about\">The Middle East and North Africa Financial Action Task Force<\/a> (MENAFATF) <a href=\"https:\/\/almalnews.com\/%d9%85%d8%ac%d9%85%d9%88%d8%b9%d8%a9-%d8%a7%d9%84%d8%b9%d9%85%d9%84-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%8a-%d8%aa%d8%b2%d9%88%d8%b1-%d9%85%d8%b5%d8%b1-%d9%85%d8%a7%d8%b1%d8%b3-%d8%a7%d9%84%d9%85%d9%82\/\">will visit<\/a> Egypt to assess the progress of actions taken to combat money laundering and terrorist sponsoring activities.<\/p>\n<p>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>5-7 May 2020 (Tuesday-Thursday): <a href=\"https:\/\/www.afsic.net\/\">AFSIC - Investing in Africa<\/a>, London, United Kingdom.<\/p>\n<p>November 2020: Egypt <a href=\"http:\/\/gate.ahram.org.eg\/News\/2284801.aspx\">will host simultaneously<\/a> the International Capital Market Association\u2019s emerging market, and Africa and Middle East meetings.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":595448,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-595447","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"4f233df0-ee11-45a8-a0ba-2cf858188dcd","teaser":"","photo_url":"https:\/\/ent.news\/2017\/12\/150.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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