{"id":595665,"date":"2019-08-04T04:00:06","date_gmt":"2019-08-04T04:00:06","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=595665"},"modified":"2025-12-16T18:52:34","modified_gmt":"2025-12-16T18:52:34","slug":"fawry-private-placement-15-9x-oversubscribed-plus-global-markets-arent-looking-happy","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/fawry-private-placement-15-9x-oversubscribed-plus-global-markets-arent-looking-happy\/","title":{"rendered":"Fawry private placement 15.9x oversubscribed. \r\nPlus: Global markets aren\u2019t looking happy."},"content":{"rendered":"<section id=\"595667\" 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=\"595667\">\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\/08\/04\/what-were-tracking-on-4-august-2019\/\">\r\n                            What we\u2019re tracking on 4 August 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\/08\/04\/what-were-tracking-on-4-august-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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This sets us working people up for a five-day break (Friday-Tuesday). We have yet to hear anything official from cabinet for the public sector, and from the EGX and CBE for banks and businesses.<\/p><p>A handful of news triggers coming up over the next several days:<\/p><ul>\n<li><b>PMI:<\/b> The purchasing managers\u2019 index for Egypt, the UAE, and Saudi Arabia will be released tomorrow morning.<\/li>\n<li><b>Foreign reserves:<\/b> The CBE is due to release Egypt\u2019s net foreign reserve figures for July sometime this week.<\/li>\n<li><b>Inflation:<\/b> Monthly inflation figures are due out this week. Inflation fell to a three-year low in June, <a href=\"https:\/\/enterprise.press\/stories\/2019\/07\/11\/egypts-inflation-rate-in-single-digits-for-first-time-since-march-2016-cbe-still-expected-to-hold-rates\/\">coming in at 9.4%<\/a>.<\/li>\n<\/ul><p><b>Shoukry heads to Iraq:<\/b> Foreign Minister Sameh Shoukry is in Baghdad today for talks with his Iraqi and Jordanian counterparts, according to <a href=\"https:\/\/www.facebook.com\/MFAEgyptEnglish\/posts\/2425813757746199?__xts__%5b0%5d=68.ARDFroV9pP5NhqHmdanWlRWrFr7ptTIBcgfB1uMtnIXQZCMrJxD2Jkipv2AMBBSkUarS_O1uViAZpKzNojr-jgxOS4u9wkQAEzh96NFO6bpk_JBjHutAA9Z9NKGJnmTmyw4BjXO1-Jin6mKKTpgZ839IvRZTXxpIV544_7DUAhQJKfvAY5G6toUPqBwuS79bVrFduzNxkhsjz-vyUyaZNTOy3DrCVDzY--VHKpe4arYRHWmxczqVoojSEasO1l97ECkfzpnMr_S_M8oFmO_WGLvRz4BbRxCMkijw94rCYHWTmal70BlqwxRixEeUHd1KPT-rdgOcYILnLf5w3lQRuiE_6Fav5l1nTwstcujydcZCaAF-9GnqdQwk_V2uD-wNt0wAE6vPx0PhnUk4UJ3-K9YwavNkeIZciO5lx10KZEsKAqR8EwQ8ttgXiLsivL-u3kyeCM2NxYS8i4fbDyLJih7k594B1kaWByElRR1_Kv4pLMRTuNXn0tiQ&amp;__tn__=-R\">a ministry statement<\/a>. The three countries have been developing closer ties in recent months: industry ministers <a href=\"https:\/\/enterprise.press\/stories\/2019\/05\/12\/egypt-jordan-and-iraq-industry-ministers-agree-to-establish-industrial-zones-increase-trade\/\">agreed in May<\/a> to establish common industrial zones, and in March President Abdel Fattah El Sisi <a href=\"https:\/\/enterprise.press\/stories\/2019\/03\/25\/el-sisi-talks-with-iraq-and-jordan-leaders-top-front-pages-of-state-newspapers\/\">hosted a tripartite summit<\/a> with Jordanian King Abdullah and Iraqi PM Adil Abdul-Mahdi.<\/p><p><b>The <\/b><a href=\"https:\/\/fab15.fabevent.org\/index.html\"><b>Fab15 conference<\/b><\/a><b> draws to a close today<\/b> at the Greek Campus in downtown Cairo.<\/p><hr class=\"grey-line\"><p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a><b> Fresh China tariffs extend market losses:<\/b> Global markets continued to slide on Friday after US President Donald Trump <a href=\"https:\/\/twitter.com\/realDonaldTrump\/status\/1156979446877962243\">announced on social media<\/a> a new 10% tariff on USD 300 bn of Chinese imports, escalating the trade war between the world\u2019s two largest economies. Investors were already rattled after US Federal Reserve chairman Jerome Powell hinted last week that Wednesday\u2019s 25 bps rate cut was not the start of an extended easing cycle. Trump\u2019s announcement compounded market woes, with US equities suffering <a href=\"https:\/\/www.nytimes.com\/2019\/08\/02\/business\/global-markets.html\">their worst week of the year<\/a> and the main European indices \u2014 already buffeted by concerns over Brexit and an economic slowdown in Germany \u2014 suffered heavy losses.<\/p><p><b>China threatens retaliatory measures:<\/b> China, which is already facing a 25% tariff on USD 250 bn of its exports, promised to respond with \u201cnecessary countermeasures,\u201d <a href=\"https:\/\/www.cbsnews.com\/news\/new-china-tariffs-china-warns-of-retaliation-for-trumps-planned-tariff-hike\/\">CBS reports<\/a>. Beijing has previously hinted that it could restrict exports of rare earth minerals \u2014 vital to US defense, technology and energy sectors \u2014 or blacklist US companies from doing business in China.<\/p><p><b>EM currencies hit by Powell comments:<\/b> Emerging-market currencies suffered their biggest daily fall in 2019 on Thursday on fears that the Fed will not continue cutting rates later this year, <a href=\"https:\/\/www.nasdaq.com\/article\/emerging-currencies-suffer-biggest-daily-fall-in-2019-20190801-00861\">Reuters reports<\/a>. The MSCI EM Currency Index fell 0.62% after Powell described last week\u2019s rate cut as a mere \u201c<a href=\"https:\/\/www.cnbc.com\/2019\/07\/31\/the-two-words-from-jerome-powell-that-rocked-the-financial-markets.html\">midcycle adjustment<\/a>.\u201d<\/p><p><b>Has Trump forced the Fed\u2019s hand?<\/b> The escalation of the trade war may leave the Fed with little choice but to cut rates again when it next meets in September. Fed fund futures \u2014 which predict movements in US interest rates \u2014 <a href=\"https:\/\/www.forexlive.com\/centralbank\/!\/fed-funds-futures-now-price-in-a-95-chance-of-a-september-cut-20190802\">now show a 100% chance<\/a> of a September rate cut, having risen from 58% before the latest tariff announcement.<\/p><p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/8\/Kristalina-Georgieva-1600px.jpg?ssl=1\"><\/p><p><b>Kristalina Georgieva nominated for top IMF job:<\/b> The EU has nominated World Bank CEO Kristalina Georgieva to replace Christine Lagarde as the IMF\u2019s managing director, beating out former Dutch finance minister Jeroen Dijsselbloem and Bank of Finland governor Olli Rehn. IMF members can continue to make nominations until 6 September, after which the IMF board will interview candidates. The new managing director will be appointed by 4 October. <a href=\"https:\/\/www.cnbc.com\/2019\/08\/02\/eu-nominates-kristalina-georgieva-as-the-next-imf-chief.html\">CNBC has more<\/a>.<\/p><p><b>Berkshire Hathaway operating earnings fall on weak insurance underwriting:<\/b> Warren Buffett\u2019s Berkshire Hathaway saw its operating earnings fall 11% in 2Q due to weak insurance underwriting profit, the company said in <a href=\"https:\/\/ent.news\/2019\/8\/1002.pdf\">a statement (pdf)<\/a> yesterday. The company posted an operating profit of USD 6.14 bn (USD 3,757 per Class A share), down from USD 6.89 bn (USD 4,190 per Class A share) in the same period a year earlier. Insurance underwriting profit fell 63% to USD 353 mn, from USD 943 mn in 2Q2018.<\/p><p><b>But net earnings rise 17%:<\/b> The company posted net earnings of USD 14 bn in 2Q (USD 8,608 per Class A share), up from USD 12 bn (USD 7,301 per Class A share) in the same period a year earlier.<\/p><p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/8\/2793.jpg?ssl=1\"><\/p><p><b>Facebook takes down \u201cinauthentic\u201d pages in Egypt, KSA, UAE:<\/b> Facebook has identified two operations \u2015 one originating in Egypt and the UAE and the other in Saudi Arabia \u2015 that used fake accounts to engage in \u201ccoordinated inauthentic behavior,\u201d on Facebook and Instagram, the <a href=\"https:\/\/newsroom.fb.com\/news\/2019\/08\/cib-uae-egypt-saudi-arabia\/\">company disclosed in a statement<\/a>. The people behind the operations used fake accounts to disseminate content, impersonate public figures and artificially boost engagement, the social media giant says. The operation based in Egypt and the UAE targeted several countries in the MENA region and East Africa, while the operation in Saudi mainly targeted the MENA region. The two campaigns were not linked. <a href=\"https:\/\/www.reuters.com\/article\/us-facebook-saudi\/facebook-says-it-dismantles-covert-influence-campaign-tied-to-saudi-government-idUSKCN1UR50J\">Reuters<\/a>and <a href=\"https:\/\/www.ft.com\/content\/0abc56fe-b480-11e9-bec9-fdcab53d6959\">the FT<\/a> have more.<\/p><p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/8\/381.jpg?ssl=1\"><\/p><p><b>Sudanese military, opposition reach constitutional pact:<\/b> Military and civilian leaders in Sudan have reached an agreement to create a new transitional government, <a href=\"https:\/\/www.reuters.com\/article\/us-sudan-politics\/sudanese-factions-agree-plan-to-pave-way-for-transitional-government-idUSKCN1UT003\">Reuters reports<\/a>. The Forces of Freedom and Chance (FFC) opposition coalition will appoint a prime minister to head the new government and the military will select the defense and interior ministers. A 300-member legislative assembly will be appointed, 67% of which will be allocated to the FFC and the rest will go to political parties not associated with ousted former president Omar Al Bashir. Both sides are expected to sign the declaration today. Further rounds of negotiations will take place to iron out the details for the 39-month transitional period which will lay the groundwork for elections in 2023.<\/p><p><b>More reforms are afoot in Saudi Arabia<\/b>, where an official decree has granted women the right to travel without permission from a male guardian, and to receive and file or official family documents, according to <a href=\"https:\/\/www.nytimes.com\/2019\/08\/02\/world\/middleeast\/saudi-arabia-guardianship.html\">the New York Times<\/a>. The reforms come in the wake of criticism from Human Rights Watch about the subjugation of women in the Kingdom, and around a year following the removal of the ban on women driving.<\/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\/berkshire-hathaway\/\">Berkshire Hathaway<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/donald-trump\/\">Donald Trump<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/facebook\/\">Facebook<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/foreign-reserves\/\">foreign reserves<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/imf\/\">IMF<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/inflation\/\">inflation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/interest-rates\/\">interest rates<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/kristalina-georgieva\/\">Kristalina Georgieva<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/monetary-policy\/\">monetary policy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/politics\/\">politics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/social-media\/\">social media<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sudan\/\">Sudan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tax\/\">tax<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us\/\">US<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/warren-buffett\/\">Warren Buffett<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-today\/\">What We&#039;re Tracking Today<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"595668\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 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stk-block-column stk-column stk-block stk-og8bm37\" data-v=\"4\" data-block-id=\"og8bm37\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-og8bm37-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-og8bm37-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240925.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/weareinfinity.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/27483.png?fit=300%2C300&#038;ssl=1\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Powering with nature<\/span>\r\n               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alt=\"\">\r\n                    <\/a>\r\n                    <span>Driving growth<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-left\" class=\"svg-inline--fa fa-chevron-left\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M34.52 239.03L228.87 44.69c9.37-9.37 24.57-9.37 33.94 0l22.67 22.67c9.36 9.36 9.37 24.52.04 33.9L131.49 256l154.02 154.75c9.34 9.38 9.32 24.54-.04 33.9l-22.67 22.67c-9.37 9.37-24.57 9.37-33.94 0L34.52 272.97c-9.37-9.37-9.37-24.57 0-33.94z\"><\/path><\/svg><\/button><button class=\"stk-block-carousel__button stk-block-carousel__button__next\" aria-label=\"Next slide\"><svg aria-hidden=\"true\" focusable=\"false\" 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   \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\/08\/04\/suez-canal-revenues-rise-port-said-welcomes-universal-healthcare\/\">\r\n                            Suez Canal revenues rise, Port Said welcomes universal healthcare                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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<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=Suez Canal revenues rise, Port Said welcomes universal healthcare&url=https:\/\/enterpriseam.com\/egypt\/2019\/08\/04\/suez-canal-revenues-rise-port-said-welcomes-universal-healthcare\/\">\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\/08\/04\/suez-canal-revenues-rise-port-said-welcomes-universal-healthcare\/&title=Suez Canal revenues rise, Port Said welcomes universal healthcare\">\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=Suez+Canal+revenues+rise%2C+Port+Said+welcomes+universal+healthcare+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F08%2F04%2Fsuez-canal-revenues-rise-port-said-welcomes-universal-healthcare%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\/08\/04\/suez-canal-revenues-rise-port-said-welcomes-universal-healthcare\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-595669\" class=\"content-area-description single-story post-595669 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-enterprise-last-nights-talk-shows tag-enterpriseam tag-social-welfare tag-suez-canal wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>Suez Canal revenues rise: <\/b>The Suez Canal Economic Zone reported EGP 3.6 bn in revenues for FY2018-2019, breaking records for the second consecutive year. The company posted a net profit of EGP 2.2 bn for the year, Hona Al Asema\u2019s Reham Ibrahim said (<a href=\"https:\/\/www.youtube.com\/watch?v=ayuoNjlG9WI&feature=youtu.be\">watch, runtime: 01:21<\/a>).<\/p>\n<p><b>Port Saidis hit clinics to get medical care: <\/b>About 28% of Port Said\u2019s residents, or 77,846 people, have so far registered themselves to benefit from the government\u2019s universal healthcare system, Ibrahim cited the Health Ministry as saying (<a href=\"https:\/\/www.youtube.com\/watch?v=kGyHpgdkKLU&feature=youtu.be\">watch, runtime: 03:11<\/a>). With 22 health centers in Port Said, which piloted the act last month, some residents have already had procedures and surgeries that had never been done in that part of the country before, Ibrahim noted.<\/p>\n<p><b>Who qualifies as a \u201cKramer\u201d? <\/b>The government announced over the weekend the criteria used to determine Kramer from non-Kramer in the fourth phase of an initiative to restructure its subsidy program (<a href=\"https:\/\/www.youtube.com\/watch?v=KonlWQSm4ME&feature=youtu.be\">watch, runtime: 01:17<\/a>). We have more on this in this morning\u2019s Speed Round, below.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-last-nights-talk-shows\/\">Enterprise+: Last Night\u2019s Talk Shows<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/social-welfare\/\">social welfare<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/suez-canal\/\">Suez Canal<\/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=\"595670\" 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=\"595670\">\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\/08\/04\/fawrys-private-placement-sees-strong-demand\/\">\r\n                            Fawry\u2019s private placement sees strong demand                        <\/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\/08\/04\/fawrys-private-placement-sees-strong-demand\/\" 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\/08\/04\/fawrys-private-placement-sees-strong-demand\/')\">\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\/08\/04\/fawrys-private-placement-sees-strong-demand\/\">\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=Fawry\u2019s private placement sees strong demand&url=https:\/\/enterpriseam.com\/egypt\/2019\/08\/04\/fawrys-private-placement-sees-strong-demand\/\">\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\/08\/04\/fawrys-private-placement-sees-strong-demand\/&title=Fawry\u2019s private placement sees strong demand\">\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=Fawry%E2%80%99s+private+placement+sees+strong+demand+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F08%2F04%2Ffawrys-private-placement-sees-strong-demand%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\/08\/04\/fawrys-private-placement-sees-strong-demand\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/7\/Fawry-1600px.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"595671\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/04\/fawrys-private-placement-sees-strong-demand\/fawry-1600px-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/7\/Fawry-1600px.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"Fawry-1600px.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/7\/Fawry-1600px.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/7\/Fawry-1600px.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-595670\" class=\"content-area-description single-story post-595670 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round tag-egx tag-enterpriseam tag-fawry tag-fintech tag-ipo-watch tag-speed-round wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <b>IPO WATCH-<\/b> <b>Fawry\u2019s private placement 15.9x oversubscribed: <\/b>Investors oversubscribed 15.9x to the private placement portion of Fawry\u2019s <a href=\"https:\/\/enterprise.press\/stories\/2019\/07\/22\/egyptian-e-payments-platform-fawry-to-offer-36-of-its-shares-in-ipo\/\">ongoing IPO<\/a>, EFG Hermes<a href=\"https:\/\/ent.news\/2019\/8\/1001.pdf\">said in a statement (pdf)<\/a>. Sources close to the matter had incorrectly told the <a href=\"https:\/\/enterprise.press\/stories\/2019\/08\/01\/egyptian-e-payments-platform-fawrys-private-placement-more-than-6x-oversubscribed\/\">local press last week<\/a> that the private placement was around 6.5x oversubscribed. About 69.3 mn shares, or 9.8% of the company, were offered to qualified institutional and high net worth investors in the private placement at EGP 6.46\/share, suggesting the company raised about EGP 447.8 mn. According to the statement, the private placement generated about EGP 7.1 bn, which appears to be the value of demanded shares received. The retail offering will close tomorrow. <a href=\"https:\/\/www.reuters.com\/article\/us-fawry-egypt-ipo\/egypts-fawry-raises-22-million-in-private-placing-ahead-of-ipo-idUSKCN1UR4X8\">Reuters<\/a> also picked up the story.<\/p>\n<p><b>Advisors:<\/b> EFG Hermes is global coordinator and bookrunner. Zulficar & Partners is serving as the offering\u2019s local counsel, while Zaki Hashem & Partners is local counsel to the issuer.<\/p>\n<p><b>Background: <\/b>Fawry\u2019s IPO will be Egypt\u2019s first since last October, testing the waters of an anemic IPO market that has seen no action since Sarwa Capital went public last year. The IPO could set the tone for the market ahead of other planned offerings, including those in the state privatization program. The e-payments platform\u2019s shares are expected to debut on the EGX on Thursday, 8 August.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fawry\/\">Fawry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fintech\/\">Fintech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ipo-watch\/\">IPO watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"595682\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"595683\" 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=\"595683\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/04\/egypt-in-the-news-on-4-august-2019\/\">\r\n                            Egypt in the News on 4 August 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\/08\/04\/egypt-in-the-news-on-4-august-2019\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                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2019&url=https:\/\/enterpriseam.com\/egypt\/2019\/08\/04\/egypt-in-the-news-on-4-august-2019\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2019\/08\/04\/egypt-in-the-news-on-4-august-2019\/&title=Egypt in the News on 4 August 2019\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+in+the+News+on+4+August+2019+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F08%2F04%2Fegypt-in-the-news-on-4-august-2019%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/04\/egypt-in-the-news-on-4-august-2019\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-595683\" class=\"content-area-description single-story post-595683 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-egypt-in-the-news tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>It was a relatively quiet weekend for Egypt in the foreign press.<\/b> <a href=\"https:\/\/www.reuters.com\/article\/us-egypt-constitution-specialreport\/special-report-how-egypts-president-tightened-his-grip-idUSKCN1UR477\">Reuters was out with a special report<\/a> on Thursday claiming that Egypt\u2019s constitutional amendments were not the brainchild of our esteemed representatives, and were instead created by members of the government in meetings that date back to September 2018.<\/p>\n<p>Other headlines worth a skim:<\/p>\n<ul>\n<li><b>Egyptian workers looking to enter Libya may have better luck in the near future <\/b>as the two countries work together to ease access to the country, the <a href=\"https:\/\/thearabweekly.com\/egypt-seeks-opportunities-libyas-reconstruction\">Arab Weekly notes<\/a>.<\/li>\n<li><b>Fragments of defaced posters on walls throughout Cairo are a symbol of silenced anger <\/b>and \u201cthe erasure of collective memory,\u201d a<a href=\"https:\/\/www.opendemocracy.net\/en\/north-africa-west-asia\/torn-defaced-posters-and-silent-dissent-egypt\/\">piece in Open Democracy argues<\/a>. <\/li>\n<li><b>A team of researchers will sail a reed boat from the Bulgarian coast to Alexandria<\/b> to prove that ancient Egyptians were able to make the same voyage 6,000 years ago, <a href=\"https:\/\/www.thetimes.co.uk\/edition\/world\/sail-like-an-egyptian-reed-boat-sets-out-to-prove-herodotus-right-r08h7qsbq\">the Times reports<\/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\/egypt-in-the-news\/\">Egypt in the News<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"595684\" 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=\"595684\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">Worth reading<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/04\/cairo-through-time-from-the-fatimids-to-the-birth-of-modern-egypt\/\">\r\n                            Cairo through time: From the Fatimids to the birth of modern Egypt                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/04\/cairo-through-time-from-the-fatimids-to-the-birth-of-modern-egypt\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2019\/08\/04\/cairo-through-time-from-the-fatimids-to-the-birth-of-modern-egypt\/')\">\n                    Copy Link                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          <\/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\/08\/04\/cairo-through-time-from-the-fatimids-to-the-birth-of-modern-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/8\/2642.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"595685\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/04\/cairo-through-time-from-the-fatimids-to-the-birth-of-modern-egypt\/2642-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/8\/2642.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2642.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/8\/2642.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/8\/2642.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-595684\" class=\"content-area-description single-story post-595684 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-reading tag-enterpriseam tag-history tag-literature tag-worth-reading wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>Cairo through time: From the Fatimids to the birth of modern Egypt:<\/b> From the day the Fatimids laid its foundation stone in 969 CE, Cairo has endured, charmed, and evolved into the pandemonium that stands today. From Bab Zuwayla to Al Hussein and Al Hakim mosques and nearby \u201calleyways and breath-taking monuments,\u201d the capital has much to speak of, writes Nadir Habib <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/341911\/Egypt\/Politics-\/In-Photos--Magnificent-Cairo.aspx\">for Ahram Online<\/a>. Cairo\u2019s story is that of a \u201cvictorious\u201d name, legacies of \u201cchanging faces,\u201d an unlikely golden age, and of Muhammad Ali Pasha, \u201cThe Greatest.\u201d<\/p>\n<p><b>Three books roundly capture the city\u2019s history:<\/b> <a href=\"https:\/\/www.amazon.com\/Cairo-City-Commerce-Gaston-Wiet\/dp\/0313240108\">Cairo: City of Art and Commerce<\/a>, an expansive account by 20th century French orientalist Gaston Wiet; <a href=\"https:\/\/www.goodreads.com\/book\/show\/25523406\">Cairo from the Rule of Mohamed Ali to the End of Ismail\u2019s Era<\/a>, historian Hossam El Din Ismail\u2019s account of the 19th century voyage; and <a href=\"https:\/\/aucpress.com\/product\/cairos-street-stories\/\">Streets and Tales of Cairo<\/a>, a contemporary narrative by novelist Hamdi Abu Galil.<\/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\/history\/\">History<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/literature\/\">literature<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/worth-reading\/\">worth reading<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"595686\" 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=\"595686\">\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\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/04\/egyptian-sudanese-irrigation-ministers-discuss-gerd\/\">\r\n                            Egyptian, Sudanese irrigation ministers discuss GERD                        <\/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\/08\/04\/egyptian-sudanese-irrigation-ministers-discuss-gerd\/\" 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\/08\/04\/egyptian-sudanese-irrigation-ministers-discuss-gerd\/')\">\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\/08\/04\/egyptian-sudanese-irrigation-ministers-discuss-gerd\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egyptian, Sudanese irrigation ministers discuss GERD&url=https:\/\/enterpriseam.com\/egypt\/2019\/08\/04\/egyptian-sudanese-irrigation-ministers-discuss-gerd\/\">\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\/08\/04\/egyptian-sudanese-irrigation-ministers-discuss-gerd\/&title=Egyptian, Sudanese irrigation ministers discuss GERD\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egyptian%2C+Sudanese+irrigation+ministers+discuss+GERD+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F08%2F04%2Fegyptian-sudanese-irrigation-ministers-discuss-gerd%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\/08\/04\/egyptian-sudanese-irrigation-ministers-discuss-gerd\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-595686\" class=\"content-area-description single-story post-595686 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-diplomacy-foreign-trade tag-enterpriseam tag-ethiopia tag-gerd tag-sudan tag-water wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>Egyptian, Sudanese irrigation ministers discuss GERD:<\/b> Irrigation Minister Mohamed Abdel Ati discussed negotiations over the Grand Ethiopian Renaissance Dam (GERD) with his Sudanese counterpartSalah Ahmed Mohamed Ibrahim during a visit to Sudan last week, according to <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/1316794531832242?__tn__=-R\">a cabinet statement<\/a>. Abdel Ati will travel to Ethiopia for talks after visiting Sudan. Ethiopian Foreign Minister Gedu Andargachew <a href=\"https:\/\/enterprise.press\/stories\/2019\/07\/28\/ethiopia-keen-to-resume-gerd-talks-with-egypt-sudan\/\">last week told<\/a> President Abdel Fattah El Sisi that the government is keen to restart negotiations over the project. The planned construction of the 6 GW GERD has been a source of tension between Egypt, Sudan, and Ethiopia for several years, and the issue remains unresolved.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy-foreign-trade\/\">Diplomacy + Foreign Trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ethiopia\/\">Ethiopia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gerd\/\">GERD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sudan\/\">Sudan<\/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=\"595688\" 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=\"595688\">\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\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/04\/bp-eyes-natgas-output-of-500-mcf-d-from-baltim-south-west-by-mid-2020\/\">\r\n                            BP eyes natgas output of 500 mcf\/d from Baltim South West by mid-2020                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/04\/bp-eyes-natgas-output-of-500-mcf-d-from-baltim-south-west-by-mid-2020\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2019\/08\/04\/bp-eyes-natgas-output-of-500-mcf-d-from-baltim-south-west-by-mid-2020\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2019\/08\/04\/bp-eyes-natgas-output-of-500-mcf-d-from-baltim-south-west-by-mid-2020\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=BP eyes natgas output of 500 mcf\/d from Baltim South West by mid-2020&url=https:\/\/enterpriseam.com\/egypt\/2019\/08\/04\/bp-eyes-natgas-output-of-500-mcf-d-from-baltim-south-west-by-mid-2020\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2019\/08\/04\/bp-eyes-natgas-output-of-500-mcf-d-from-baltim-south-west-by-mid-2020\/&title=BP eyes natgas output of 500 mcf\/d from Baltim South West by mid-2020\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=BP+eyes+natgas+output+of+500+mcf%2Fd+from+Baltim+South+West+by+mid-2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F08%2F04%2Fbp-eyes-natgas-output-of-500-mcf-d-from-baltim-south-west-by-mid-2020%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/04\/bp-eyes-natgas-output-of-500-mcf-d-from-baltim-south-west-by-mid-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-595688\" class=\"content-area-description single-story post-595688 post type-post status-publish format-standard hentry category-energy tag-bp tag-energy tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>BP aims to increase natural gas production to 500 mcf\/d by the middle of 2020 when it completes the development of its Baltim South West field, a source from EGAS <a href=\"https:\/\/www.alborsaanews.com\/2019\/08\/01\/1230897\">told the press<\/a>. Work is still ongoing to develop the field and link it to the national gas grid. <a href=\"https:\/\/enterprise.press\/stories\/2016\/09\/25\/eni-says-baltim-south-west-holds-1-tcf-of-gas\/\">Eni estimated<\/a> the field to hold 1 tcf of natural gas after it was discovered in 2016. Six wells in the development lease were originally <a href=\"https:\/\/enterprise.press\/stories\/2016\/07\/24\/eni-and-bp-to-drill-6-wells-in-south-baltim-in-fy16-17\/\">slated to be linked<\/a> to production in 2H2017. Little has been heard of the field since then. Eni (through its Italian Egyptian Oil Company subsidiary) and BP both hold 50% stakes in the field.<\/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\/bp\/\">BP<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"595690\" 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=\"595690\">\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\">Basic Materials + Commodities<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/04\/egypt-receives-usd-48-2-from-sukari-gold-mine-in-2h2018\/\">\r\n                            Egypt receives USD 48.2 from Sukari gold mine in 2H2018                        <\/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\/08\/04\/egypt-receives-usd-48-2-from-sukari-gold-mine-in-2h2018\/\" 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\/08\/04\/egypt-receives-usd-48-2-from-sukari-gold-mine-in-2h2018\/')\">\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\/08\/04\/egypt-receives-usd-48-2-from-sukari-gold-mine-in-2h2018\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt receives USD 48.2 from Sukari gold mine in 2H2018&url=https:\/\/enterpriseam.com\/egypt\/2019\/08\/04\/egypt-receives-usd-48-2-from-sukari-gold-mine-in-2h2018\/\">\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\/08\/04\/egypt-receives-usd-48-2-from-sukari-gold-mine-in-2h2018\/&title=Egypt receives USD 48.2 from Sukari gold mine in 2H2018\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+receives+USD+48.2+from+Sukari+gold+mine+in+2H2018+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F08%2F04%2Fegypt-receives-usd-48-2-from-sukari-gold-mine-in-2h2018%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\/08\/04\/egypt-receives-usd-48-2-from-sukari-gold-mine-in-2h2018\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-595690\" class=\"content-area-description single-story post-595690 post type-post status-publish format-standard hentry category-basic-materials-commodities tag-basic-materials-commodities tag-commodities tag-enterpriseam tag-mining tag-sukari-gold-mine wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Egypt received USD 48.2 mn in profit share and royalties from Centamin\u2019s Sukari gold mine in 1H2019, the company said in its <a href=\"https:\/\/www.centamin.com\/~\/media\/Files\/C\/Centamin\/documents\/press-releases\/2019\/CY2019%20Interim%20Results_FINAL_clean.pdf\">earnings release (pdf)<\/a>. The Egyptian Mineral Resources Authority (EMRA) received USD 39.4 mn in profit share (unchanged y-o-y), with Centamin paying USD 8.8 mn (down 2% y-o-y) mn in royalties to the state. This came as the company reported a 3% y-o-y fall in its top line for the first half of the year to USD 288.1 mn. Gold sales declined 2% y-o-y to 224.1k ounces. The company expects production \u201cto deliver stronger production and increasing free cash flow\u201d in the 2H2019.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/basic-materials-commodities\/\">Basic Materials + Commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/commodities\/\">commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mining\/\">mining<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sukari-gold-mine\/\">Sukari gold mine<\/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=\"595691\" 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=\"595691\">\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\">Manufacturing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/04\/chinas-konka-group-opens-usd-30-mn-tv-factory-in-beni-suef\/\">\r\n                            China\u2019s Konka Group opens USD 30 mn TV factory in Beni Suef                        <\/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\/08\/04\/chinas-konka-group-opens-usd-30-mn-tv-factory-in-beni-suef\/\" 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\/08\/04\/chinas-konka-group-opens-usd-30-mn-tv-factory-in-beni-suef\/')\">\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\/08\/04\/chinas-konka-group-opens-usd-30-mn-tv-factory-in-beni-suef\/\">\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=China\u2019s Konka Group opens USD 30 mn TV factory in Beni Suef&url=https:\/\/enterpriseam.com\/egypt\/2019\/08\/04\/chinas-konka-group-opens-usd-30-mn-tv-factory-in-beni-suef\/\">\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\/08\/04\/chinas-konka-group-opens-usd-30-mn-tv-factory-in-beni-suef\/&title=China\u2019s Konka Group opens USD 30 mn TV factory in Beni Suef\">\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=China%E2%80%99s+Konka+Group+opens+USD+30+mn+TV+factory+in+Beni+Suef+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F08%2F04%2Fchinas-konka-group-opens-usd-30-mn-tv-factory-in-beni-suef%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\/08\/04\/chinas-konka-group-opens-usd-30-mn-tv-factory-in-beni-suef\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-595691\" class=\"content-area-description single-story post-595691 post type-post status-publish format-standard hentry category-manufacturing tag-china tag-enterpriseam tag-konka-group tag-manufacturing wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>China\u2019s <a href=\"http:\/\/www.konka.com.hk\/\">Konka Group<\/a> has inaugurated a USD 30 mn LED TV factory in Beni Suef with an annual production capacity of 600k units, <a href=\"http:\/\/www.xinhuanet.com\/english\/2019-08\/02\/c_138276622.htm\">Xinhua reported<\/a>. The company plans to invest USD 70 mn in setting up an industrial park that can expand production to 1 mn units per year. It is expected to become Konka Group's manufacturing base for the Middle East, Africa, Europe and the United States. The manufacturer is planning to invest a total of USD 100 mn in Egypt by the end of next year, and increase the domestic component percentage to 70% from 50% by next year, Vice President Ahmed Abdel Hamid said, according to Amwal Al Ghad.<\/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\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/konka-group\/\">Konka Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"595693\" 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=\"595693\">\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\">Automotive + Transportation<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/04\/govt-project-to-equip-vehicles-with-dual-fuel-engines-will-start-in-september\/\">\r\n                            Gov\u2019t project to equip vehicles with dual fuel engines will start in September                        <\/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\/08\/04\/govt-project-to-equip-vehicles-with-dual-fuel-engines-will-start-in-september\/\" 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\/08\/04\/govt-project-to-equip-vehicles-with-dual-fuel-engines-will-start-in-september\/')\">\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\/08\/04\/govt-project-to-equip-vehicles-with-dual-fuel-engines-will-start-in-september\/\">\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=Gov\u2019t project to equip vehicles with dual fuel engines will start in September&url=https:\/\/enterpriseam.com\/egypt\/2019\/08\/04\/govt-project-to-equip-vehicles-with-dual-fuel-engines-will-start-in-september\/\">\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\/08\/04\/govt-project-to-equip-vehicles-with-dual-fuel-engines-will-start-in-september\/&title=Gov\u2019t project to equip vehicles with dual fuel engines will start in September\">\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=Gov%E2%80%99t+project+to+equip+vehicles+with+dual+fuel+engines+will+start+in+September+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F08%2F04%2Fgovt-project-to-equip-vehicles-with-dual-fuel-engines-will-start-in-september%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\/08\/04\/govt-project-to-equip-vehicles-with-dual-fuel-engines-will-start-in-september\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-595693\" class=\"content-area-description single-story post-595693 post type-post status-publish format-standard hentry category-automotive-transportation tag-automotive-transportation tag-enterpriseam tag-fuel wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The government will start implementing a national project to equip taxis and minibuses with dual fuel engines in September, <a href=\"https:\/\/www.youm7.com\/story\/2019\/8\/1\/%D8%AE%D8%B7%D8%A9-%D8%AA%D8%AD%D9%88%D9%8A%D9%84-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%A8%D8%A7%D8%AA-%D9%84%D9%84%D9%88%D9%82%D9%88%D8%AF-%D8%A7%D9%84%D9%85%D8%B2%D8%AF%D9%88%D8%AC-%D8%A7%D9%84%D8%B7%D8%B1%D9%8A%D9%82-%D9%84%D8%AE%D9%81%D8%B6-%D8%A7%D8%B3%D8%AA%D9%87%D9%84%D8%A7%D9%83-%D8%A7%D9%84%D8%A8%D9%86%D8%B2%D9%8A%D9%86\/4356867\">Youm7 reports<\/a>. Prime Minister Moustafa Madbouly last month <a href=\"https:\/\/enterprise.press\/stories\/2019\/07\/14\/govt-to-prepare-report-on-converting-taxis-minibuses-into-dual-fuel-engine-vehicles\/\">asked ministers to prepare a report<\/a> on the proposed project, which aims to reduce vehicles\u2019 gasoline consumption by supplementing it with natural gas. The project should be fully implemented by December 2022, with the cost of converting to the new model likely to be recovered within a three- to six-month period.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/automotive-transportation\/\">Automotive + Transportation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fuel\/\">fuel<\/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=\"595695\" 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=\"595695\">\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\">Banking + Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/04\/mts-signs-egp-760-mn-loan-agreement-with-the-national-bank-of-egypt-for-window-project\/\">\r\n                            MTS signs EGP 760 mn loan agreement with the National Bank of Egypt for \u201cwindow project\u201d                        <\/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\/08\/04\/mts-signs-egp-760-mn-loan-agreement-with-the-national-bank-of-egypt-for-window-project\/\" 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\/08\/04\/mts-signs-egp-760-mn-loan-agreement-with-the-national-bank-of-egypt-for-window-project\/')\">\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\/08\/04\/mts-signs-egp-760-mn-loan-agreement-with-the-national-bank-of-egypt-for-window-project\/\">\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=MTS signs EGP 760 mn loan agreement with the National Bank of Egypt for \u201cwindow project\u201d&url=https:\/\/enterpriseam.com\/egypt\/2019\/08\/04\/mts-signs-egp-760-mn-loan-agreement-with-the-national-bank-of-egypt-for-window-project\/\">\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\/08\/04\/mts-signs-egp-760-mn-loan-agreement-with-the-national-bank-of-egypt-for-window-project\/&title=MTS signs EGP 760 mn loan agreement with the National Bank of Egypt for \u201cwindow project\u201d\">\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=MTS+signs+EGP+760+mn+loan+agreement+with+the+National+Bank+of+Egypt+for+%E2%80%9Cwindow+project%E2%80%9D+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F08%2F04%2Fmts-signs-egp-760-mn-loan-agreement-with-the-national-bank-of-egypt-for-window-project%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\/08\/04\/mts-signs-egp-760-mn-loan-agreement-with-the-national-bank-of-egypt-for-window-project\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-595695\" class=\"content-area-description single-story post-595695 post type-post status-publish format-standard hentry category-banking-finance tag-banking tag-banking-finance tag-enterpriseam tag-logistics tag-tax wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Public-private special purpose vehicle (SPV) Misr for Technology Services (MTS) has signed a EGP 760 mn loan agreement with the National Bank of Egypt for its project to set up a one-stop shop for customs clearance, <a href=\"https:\/\/www.alborsaanews.com\/2019\/08\/01\/1231257\">the domestic press reports<\/a>. The proceeds will be used to finance part of the government\u2019s in-the-works c. EGP 1 bn \u201cwindow project,\u201d which will streamline the process of settling customs payments for exporters and importers. The project will establish a centralized data center and 19 logistics centers across Egypt, removing the need for companies to interact with multiple government agencies. <a href=\"https:\/\/enterprise.press\/stories\/2019\/01\/28\/what-were-tracking-this-week-and-beyond-106\/\">Local media reported<\/a> in January that the project would be piloted at Cairo International Airport\u2019s logistics center. MTS is 20% owned by private sector player <a href=\"http:\/\/www.amiral.com\/amc.html\">Amiral Management Corporation<\/a> (AMC) and 80% owned by the state-owned fintech company e-Finance.<\/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\/logistics\/\">logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tax\/\">tax<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"595699\" 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=\"595699\">\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\">Other Business News of Note<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/04\/el-moselhy-itda-boss-talk-internal-trade-investments-with-alhokair\/\">\r\n                            El Moselhy, ITDA boss talk internal trade investments with Alhokair                        <\/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\/08\/04\/el-moselhy-itda-boss-talk-internal-trade-investments-with-alhokair\/\" 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\/08\/04\/el-moselhy-itda-boss-talk-internal-trade-investments-with-alhokair\/')\">\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\/08\/04\/el-moselhy-itda-boss-talk-internal-trade-investments-with-alhokair\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=El Moselhy, ITDA boss talk internal trade investments with Alhokair&url=https:\/\/enterpriseam.com\/egypt\/2019\/08\/04\/el-moselhy-itda-boss-talk-internal-trade-investments-with-alhokair\/\">\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\/08\/04\/el-moselhy-itda-boss-talk-internal-trade-investments-with-alhokair\/&title=El Moselhy, ITDA boss talk internal trade investments with Alhokair\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=El+Moselhy%2C+ITDA+boss+talk+internal+trade+investments+with+Alhokair+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F08%2F04%2Fel-moselhy-itda-boss-talk-internal-trade-investments-with-alhokair%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\/08\/04\/el-moselhy-itda-boss-talk-internal-trade-investments-with-alhokair\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-595699\" class=\"content-area-description single-story post-595699 post type-post status-publish format-standard hentry category-other-business-news-of-note tag-ali-el-moselhy tag-enterpriseam tag-internal-trade-development-authority tag-other-business-news-of-note wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Supply Minister Ali El Moselhy and Internal Trade Development Authority head Ibrahim Ashmawy met last week with Alhokair Group Managing Director Sheikh Abdulmohsen Alhokair to discuss potential investments in logistics complexes and retail chains in Egypt, <a href=\"https:\/\/alborsaanews.com\/2019\/08\/02\/1231522\">according to the local press<\/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\/ali-el-moselhy\/\">Ali El Moselhy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/internal-trade-development-authority\/\">Internal Trade Development Authority<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"595700\" 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=\"595700\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">13<\/div>\r\n\r\n                    <p class=\"f-graphik\">Egypt Politics + Economics<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/04\/el-sisi-approves-eur-63-6-mn-funding-from-the-european-commission\/\">\r\n                            El Sisi approves EUR 63.6 mn funding from the European Commission                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=El+Sisi+approves+EUR+63.6+mn+funding+from+the+European+Commission+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F08%2F04%2Fel-sisi-approves-eur-63-6-mn-funding-from-the-european-commission%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\/08\/04\/el-sisi-approves-eur-63-6-mn-funding-from-the-european-commission\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-595700\" class=\"content-area-description single-story post-595700 post type-post status-publish format-standard hentry category-egypt-politics-economics tag-abdel-fattah-el-sisi tag-egypt-politics-economics tag-enterpriseam tag-european-commission wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>President Abdel Fattah El Sisi has approved a EUR 63.6 mn funding agreement with the European Commission to help Egypt tackle challenges caused by migration, according to <a href=\"https:\/\/www.vetogate.com\/3531489\">Veto Gate<\/a>. Egypt had signed the funding agreement with the commission in <a href=\"https:\/\/enterprise.press\/stories\/2018\/10\/21\/egypt-and-the-eu-sign-eur-135-mn-in-sme-financing-migration-agreements\/\">October of last year<\/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\/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\/egypt-politics-economics\/\">Egypt Politics + Economics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/european-commission\/\">European Commission<\/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=\"595702\" 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=\"595702\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">14<\/div>\r\n\r\n                    <p class=\"f-graphik\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/04\/google-doodle-celebrates-life-of-actress-madiha-kamel\/\">\r\n                            Google Doodle celebrates life of actress Madiha Kamel                        <\/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\/08\/04\/google-doodle-celebrates-life-of-actress-madiha-kamel\/\" 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\/08\/04\/google-doodle-celebrates-life-of-actress-madiha-kamel\/')\">\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\/08\/04\/google-doodle-celebrates-life-of-actress-madiha-kamel\/\">\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=Google Doodle celebrates life of actress Madiha Kamel&url=https:\/\/enterpriseam.com\/egypt\/2019\/08\/04\/google-doodle-celebrates-life-of-actress-madiha-kamel\/\">\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\/08\/04\/google-doodle-celebrates-life-of-actress-madiha-kamel\/&title=Google Doodle celebrates life of actress Madiha Kamel\">\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=Google+Doodle+celebrates+life+of+actress+Madiha+Kamel+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F08%2F04%2Fgoogle-doodle-celebrates-life-of-actress-madiha-kamel%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\/08\/04\/google-doodle-celebrates-life-of-actress-madiha-kamel\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/8\/144.png?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"595703\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/04\/google-doodle-celebrates-life-of-actress-madiha-kamel\/144-png-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/8\/144.png?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"144.png\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/8\/144.png?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/8\/144.png?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-595702\" class=\"content-area-description single-story post-595702 post type-post status-publish format-standard has-post-thumbnail hentry category-on-your-way-out tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>Google paid tribute to Alexandria-born actress Madiha Kamel yesterday<\/b>, <a href=\"https:\/\/www.thenational.ae\/arts-culture\/film\/who-was-madiha-kamel-google-doodle-honours-late-egyptian-actress-1.893878\">with a Google Doodle<\/a>on what would have been her 73rd birthday. Kamel was well-known for her acting and her dancing in the 60s and 70s, starring in Egyptian and Lebanese films including 30 Days in Prison, Love and Pride, and Climbing to the Bottom. Kamel\u2019s career lasted some three decades, and she retired in the early 1990s, before passing away from cancer in 1997.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"595704\" 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=\"595704\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">15<\/div>\r\n\r\n                    <p class=\"f-graphik\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/04\/the-market-yesterday-303\/\">\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\/08\/04\/the-market-yesterday-303\/\" 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\/08\/04\/the-market-yesterday-303\/')\">\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\/08\/04\/the-market-yesterday-303\/\">\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\/08\/04\/the-market-yesterday-303\/\">\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\/08\/04\/the-market-yesterday-303\/&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%2F08%2F04%2Fthe-market-yesterday-303%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\/08\/04\/the-market-yesterday-303\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-595704\" class=\"content-area-description single-story post-595704 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 16.49 | Sell 16.61<b><\/p>\n<p> EGP \/ USD at CIB:<\/b> Buy 16.5 | Sell 16.6<\/p>\n<p> <b>EGP \/ USD at NBE: <\/b>Buy 16.53 | Sell 16.63<\/p>\n<p><b>EGX30<\/b> (Thursday): 13,525 (+1.00%)<\/p>\n<p> <b>Turnover:<\/b> EGP 502 mn (15% below the 90-day average)<\/p>\n<p> <b>EGX 30 year-to-date<\/b>: +3.8%<\/p>\n<p><b>THE MARKET ON THURSDAY:<\/b> The EGX30 ended Thursday\u2019s session up 1%. CIB, the index heaviest constituent ended up 0.9%. EGX30\u2019s top performing constituents were Abu Dhabi Islamic Bank up 8.6%, TMG Holding up 5.0%, and Orascom Construction up 5.0%. Thursday\u2019s worst performing stocks were Qalaa Holdings down 8.6%, and Juhayna down 2.0%. The market turnover was EGP 502 mn, and foreign investors were the sole net buyers.<\/p>\n<p><b>Foreigners<\/b>: Net long | EGP +25.4 mn<\/p>\n<p> <b>Regional<\/b>: Net short | EGP -2.7 mn<\/p>\n<p> <b>Domestic<\/b>: Net short | EGP -22.7 mn<\/p>\n<p><b>Retail<\/b>: 50.1% of total trades | 58.6% of buyers | 41.6% of sellers<\/p>\n<p> <b>Institutions<\/b>: 49.9% of total trades | 41.4% of buyers | 58.4% of sellers<\/p>\n<p><b>WTI:<\/b> USD 55.66 (+3.17%)<\/p>\n<p> <b>Brent:<\/b> USD 61.89 (+2.30%)<\/p>\n<p><b>Natural Gas<\/b> (Nymex, futures prices) USD 2.12 MMBtu, (-3.68%, September 2019 contract)<\/p>\n<p> <b>Gold:<\/b> USD 1,457.50 \/ troy ounce (+1.75%)<\/p>\n<p><b>TASI:<\/b> 8,666.39 (-0.76%) (YTD: +10.73%)<\/p>\n<p> <b>ADX:<\/b> 5,230.22 (-1.65%) (YTD: +6.41%)<\/p>\n<p> <b>DFM:<\/b> 2,900.39 (-0.62%) (YTD: +14.65%)<\/p>\n<p> <b>KSE Premier Market:<\/b> 6,753.55 (+0.14%)<\/p>\n<p> <b>QE:<\/b> 10,397.63 (-1.02%) (YTD: +0.96%)<\/p>\n<p> <b>MSM:<\/b> 3,776.83 (+0.43%) (YTD: -12.65%)<\/p>\n<p> <b>BB: <\/b>1,549.58 (+0.12%) (YTD: +15.88%)<\/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=\"595705\" 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\/08\/04\/595705\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-595705\" class=\"content-area-description single-story post-595705 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>August: Meetings of the Egyptian-Belarussian Committee for trade, economic, scientific and technical cooperation, Minsk.<\/p>\n<p>August: The National Railway Authority is <a href=\"https:\/\/almalnews.com\/%D8%A7%D9%84%D8%B3%D9%83%D8%A9-%D8%A7%D9%84%D8%AD%D8%AF%D9%8A%D8%AF-%D8%AA%D9%88%D9%82%D8%B9-%D8%A7%D9%84%D8%B9%D9%82%D9%88%D8%AF-%D8%A7%D9%84%D8%AA%D9%85%D9%88%D9%8A%D9%84%D9%8A%D8%A9-%D9%84%D8%B4\/\">expected to sign<\/a> a 15-year maintenance agreement for 1,300 railcars it had agreed to purchase from Russia\u2019s Transmashholding under a EGP 22 bn contract.<\/p>\n<p>3-4 August (Saturday-Sunday): <a href=\"https:\/\/fab15.fabevent.org\/index.html\">Fab15 Festival, Tours, and Conference Closing<\/a>, Greek Campus, Cairo.<\/p>\n<p>4 August (Sunday): The High Administrative Court will <a href=\"https:\/\/www.alborsaanews.com\/2019\/07\/17\/1226066\">hear appeals<\/a> filed by the State Lawsuits Authority and a number of iron and steel companies to bring back the Trade Ministry decision to impose 15% import duty on iron billets.<\/p>\n<p>5 August (Monday): Egypt\u2019s Emirates NBD PMI for July released.<\/p>\n<p>7-11 August (Wednesday-Sunday): Eid El Adha (TBC).<\/p>\n<p>22 August (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>25-27 August (Sunday-Tuesday): <a href=\"https:\/\/www.elysee.fr\/en\/g7\">G7 Summit<\/a>, Biarritz, France.<\/p>\n<p>28-30 August (Wednesday-Friday): <a href=\"https:\/\/ticad7.city.yokohama.lg.jp\/about\/en\/\">Tokyo International Conference on African Development<\/a> (TICAD), Yokohama, Japan.<\/p>\n<p>29 August (Thursday): Islamic New Year (TBC), national holiday.<\/p>\n<p>September: Cairo will host an Egypt-Hungary business forum, according to a <a href=\"https:\/\/ent.news\/2019\/6\/390.pdf\">Trade Ministry statement (pdf)<\/a><\/p>\n<p>2-4 September (Monday-Wednesday): <a href=\"https:\/\/www.thebig5constructegypt.com\/\">The Big 5 Construct Egypt<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>3-4 September (Tuesday-Wednesday): <a href=\"https:\/\/www.ssonetwork.com\/events-sharedservicesegypt\">Shared Services and Outsourcing Forum Middle East<\/a>, Nile Ritz Carlton, Cairo.<\/p>\n<p>8-11 September (Sunday-Wednesday): <a href=\"https:\/\/www.saharaexpo.com\/en\/home.html\">Sahara Expo<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>9-12 September (Monday-Thursday): The<a href=\"https:\/\/9londonconference.efghermes.com\/pages\/home.aspx\">9th Annual EFG Hermes London Conference<\/a>, Arsenal Emirates Stadium, London.<\/p>\n<p>9-10 September (Monday-Tuesday): <a href=\"https:\/\/www.euromoneyconferences.com\/event\/a011t00000FMpvZAAT\/the-euromoney-egypt-conference-2019#agenda\">The Euromoney Egypt Conference 2019<\/a>, Cairo.<\/p>\n<p>15 September (Sunday): Elections to the board of the Financial Regulatory Authority\u2019s Capital Markets Federation will be held, <a href=\"https:\/\/almalnews.com\/%d8%a7%d9%86%d8%aa%d8%ae%d8%a7%d8%a8-%d8%a3%d9%88%d9%84-%d9%85%d8%ac%d9%84%d8%b3-%d8%a5%d8%af%d8%a7%d8%b1%d8%a9-%d9%84%d8%a7%d8%aa%d8%ad%d8%a7%d8%af-%d8%b3%d9%88%d9%82-%d8%a7%d9%84%d9%85%d8%a7%d9%84-1\/\">according to Al Mal<\/a>.<\/p>\n<p>17-18 September (Tuesday-Wednesday): US Federal Open Market Committee will hold its two-day policy meeting to review the interest rate.<\/p>\n<p>18 September (Wednesday): <a href=\"https:\/\/ecommsummit.co\/\">E-Commerce Summit 2019<\/a>, Nile Ritz Carlton, Cairo.<\/p>\n<p>21 September (Saturday): Cairo\u2019s streets get really, really crowded as students at the nation\u2019s public schools go back to class.<\/p>\n<p>22 September (Sunday): The Justice Ministry\u2019s dispute resolution committee will <a href=\"https:\/\/almalnews.com\/%d9%81%d8%b6-%d9%85%d9%86%d8%a7%d8%b2%d8%b9%d8%a7%d8%aa-%d8%aa%d8%a4%d8%ac%d9%84-%d9%86%d8%b8%d8%b1-%d9%86%d8%b2%d8%a7%d8%b9-%d8%b1%d8%a7%d9%8a%d8%a9-%d8%a7%d9%84%d8%b1%d9%82%d8%a7\/\">look into a case<\/a> filed by Raya Holding\u2019s Chairman Medhat Khalil against the Financial Regulatory Authority (FRA).<\/p>\n<p>26 September (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee will meet to review interest rates.<\/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>6 October (Sunday): Armed Forces Day, national holiday.<\/p>\n<p>10-13 October (Tuesday-Sunday): <a href=\"http:\/\/biwarabia.com\/en\/\">Big Industrial Week Arabia 2019<\/a>, Egypt International Exhibition Center, Nasr City, 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>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>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\/vestedsummit\/\">Vested Summit<\/a>, Sahl Hasheesh, Red Sea.<\/p>\n<p>9 November (Saturday): Prophet Mohammed's birthday, national holiday.<\/p>\n<p>10-14 November (Sunday-Thursday): <a href=\"https:\/\/geomeast.org\/\">GeoMEast International Congress and Exhibition<\/a>, Marriott, Cairo.<\/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>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>3-6 December (Tuesday-Friday): <a href=\"http:\/\/www.cairowoodshow.com\/\">Cairo WoodShow<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/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>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>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\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":595666,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-595665","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"69028940-9f73-4127-870a-ce0b86bdc842","teaser":"","photo_url":"https:\/\/ent.news\/2020\/9\/247.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Fawry private placement 15.9x oversubscribed.  Plus: Global markets aren\u2019t looking happy. - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/issues\/fawry-private-placement-15-9x-oversubscribed-plus-global-markets-arent-looking-happy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fawry private placement 15.9x oversubscribed.  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