{"id":596294,"date":"2019-08-25T04:00:07","date_gmt":"2019-08-25T04:00:07","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=596294"},"modified":"2025-12-16T19:13:11","modified_gmt":"2025-12-16T19:13:11","slug":"cbe-cuts-interest-rates-for-the-first-time-since-february","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/cbe-cuts-interest-rates-for-the-first-time-since-february\/","title":{"rendered":"CBE cuts interest rates for the first time since February."},"content":{"rendered":"<section id=\"596296\" 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=\"596296\">\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\/25\/what-were-tracking-on-25-august-2019\/\">\r\n                            What we\u2019re tracking on 25 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\/25\/what-were-tracking-on-25-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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The CBE\u2019s aggressive 150 bps rate cut on Thursday was understandably the talk of Egypt\u2019s econo-sphere over the weekend (more on this in this morning\u2019s Speed Round), but we\u2019re expecting attention to quickly shift to President Abdel Fattah El Sisi\u2019s attendance at the G7 summit, which gets underway today. Oh, and we could be in for a three-day holiday this weekend as the Islamic New Year looks to fall on Saturday.<\/p><p><a id=\"tldr-story-03\" class=\"content-anchor\"><\/a><b> President Abdel Fattah El Sisi arrived yesterday in Biarritz, France to attend the G7 summit<\/b>, which kicks off today, according to <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/673213099864740?__xts__%5B0%5D=68.ARC4fimxomHBC4ypOBJ_XmNPWFNKjkOBnShRNzENJR2nWulpUbC7jd5cY0L5h5SbSW_PaieM4aI3W7n7ohK5tJiFugqORszxzPLGMgy4dNnk216u4jJiD-9tuSHCTWyf4koQHDEjxj4wmoxmM0Fm3KUGyMBlrJTgHh0B3ftfKOqYEtaFT-U0CAk-K0hAwJh_ebS-K1PyCjhohB7KU7VALr87WBRltZ5AwELW_LH8Sm4X-YffVL5Nb5ZgmF2K9rpnMIbg6csPNGsLcsmyBq60GX9ueVd8Bt9sqgf1IX5olo7KlUmSc1y5o2vgzN0vqSsRcgoSUWniIu6kfpA0HUobS8k&amp;__tn__=-R\">an Ittihadiya statement<\/a>. El Sisi held talks with Italian PM Giuseppe Conte after he arrived to discuss the ongoing investigation into the death of Giulio Regeni, illegal immigration and efforts to fight terrorism, according to a <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/673566016496115?__tn__=-R\">separate statement<\/a>. A group of rights organizations issued a statement on Thursday urging French President Emmanuel Macron to bring up Egypt\u2019s rights record when he meets with El Sisi, <a href=\"https:\/\/www.yahoo.com\/news\/ngos-urge-macron-call-egypts-human-rights-record-163128841.html\">AFP reports<\/a>.<\/p><p><b>Back to school soon:<\/b> Prepare for slightly worse traffic starting 21 September as the new school year kicks off, the Education Ministry said in <a href=\"https:\/\/www.facebook.com\/egypt.moe\/photos\/a.223154911048597\/2729747800389283\/?type=3&amp;theater\">a statement yesterday<\/a>.<\/p><p class=\"web-image\"><a href=\"https:\/\/www.wsj.com\/articles\/global-stocks-rise-with-all-eyes-on-the-fed-11566547507\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/8\/1658.png?ssl=1\"><\/a><\/p><p><a id=\"tldr-story-06\" class=\"content-anchor\"><\/a> <b>US President Donald Trump triggered a nosedive in US stocks, government bonds, and yields on Friday<\/b> after a series of tweets (<a href=\"https:\/\/twitter.com\/realDonaldTrump\/status\/1164914959131848705\">here<\/a>, <a href=\"https:\/\/twitter.com\/realDonaldTrump\/status\/1164914960046133249\">here<\/a>, <a href=\"https:\/\/twitter.com\/realDonaldTrump\/status\/1164914962529247232\">here<\/a>, and <a href=\"https:\/\/twitter.com\/realDonaldTrump\/status\/1164914963766546435\">here<\/a>), \u201cordering\u201d American companies to exit China and look for alternatives. The tweetstorm also caused the volatility index to soar, the <a href=\"https:\/\/www.wsj.com\/articles\/global-stocks-rise-with-all-eyes-on-the-fed-11566547507\">Wall Street Journal reports<\/a>.<\/p><p><b>How does he plan on doing that?<\/b> Enter the International Emergency Economic Powers Act, a little-known piece of legislation passed in 1977 for use against rogue states, drug traffickers, and terrorists. <a href=\"https:\/\/www.apnews.com\/be18b8619cde4658a418dda4f416968a\">The AP has more<\/a>.<\/p><p><b>Trump reacted to the market tumble with\u2026 yet another series of tweets:<\/b> After markets closed on Friday, <a href=\"https:\/\/twitter.com\/realDonaldTrump\/status\/1165005929831702529\">the president said<\/a> he would raise tariffs on USD 250 bn-worth of Chinese goods to 30% from a current 25%, effective 1 October.<\/p><p><b>It takes two to tango, says Beijing:<\/b> China responded to Trump\u2019s decision with a retaliatory tariff hike of its own, announcing that it will slap an additional 5-10% tariff on USD 75 bn of US imports as of next month, <a href=\"https:\/\/www.ft.com\/content\/37f5900e-c5a1-11e9-a8e9-296ca66511c9\">according to the Financial Times<\/a>.<\/p><p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/36.jpg?ssl=1\"><\/p><p><a id=\"tldr-story-05\" class=\"content-anchor\"><\/a><b> Powell hints that further rate cuts could be on the way:<\/b> All this came after US Federal Reserve Chairman Jerome Powell signaled in a highly anticipated <a href=\"https:\/\/www.federalreserve.gov\/newsevents\/speech\/powell20190823a.htm\">speech on Friday<\/a> that the central bank may be prepared to make further rate cuts. \u201cOur challenge now is to do what monetary policy can do to sustain the expansion,\u201d he said at the weekend gathering of central bankers at Jackson Hole, Wyoming.<\/p><p><b>But admits that the bank can\u2019t do much to contain the fallout from Trump\u2019s trade war: <\/b>Powell pointed to \u201ctrade policy uncertainty \u2026 playing a role in the global slowdown and in weak manufacturing and capital spending in the United States,\u201d but stressed that \u201cwhile monetary policy is a powerful tool that works to support consumer spending, business investment and public confidence, it cannot provide a settled rule book for international trade.\u201d<\/p><p><b>That clearly wasn\u2019t dovish enough for Trump,<\/b> who once again took to social media to unload on the Fed chair. \u201cMy only question is, who is our bigger enemy, Jay Powell or Chairman Xi?\u201d <a href=\"https:\/\/twitter.com\/realDonaldTrump\/status\/1164914610836783104?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1164914610836783104&amp;ref_url=https%3A%2F%2Fwww.nytimes.com%2F2019%2F08%2F23%2Fbusiness%2Fpowell-fed-interest-rates-trump.html\">he asked his Twitter followers<\/a> following the speech.<\/p><p><b>EM central bankers are losing trust in the Fed:<\/b> EM central bankers could begin taking monetary policy cues from the market over the Fed, as mixed messages and political interference undermine the bank\u2019s credibility, Shuli Ren argues <a href=\"https:\/\/www.bloomberg.com\/opinion\/articles\/2019-08-22\/ahead-of-jackson-hole-emerging-markets-lose-faith-in-the-fed\">in Bloomberg<\/a>, citing Indonesia\u2019s decision to cut rates against expectations.<\/p><p><b>But EM hedge funds aren\u2019t doing too badly:<\/b> EM hedge fund capital reached record highs of USD 239.3 bn at the end of 2Q despite escalating trade tensions, the falling RMB and global easing, <a href=\"https:\/\/www.hedgefundresearch.com\/news\/emerging-markets-hedge-funds-extend-gains-as-trade-tensions-rise\">according to Hedge Fund Research<\/a>. Returns made by hedge funds focusing on EMs beat out the global average, with the EM index rising 8.6% YTD in the first seven months of 2019, compared to the global hedge fund index, which gained 7.8%.<\/p><p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/8\/2226.jpg?ssl=1\"><\/p><p><b>Carney calls for overhaul of global monetary system:<\/b> Bank of England governor Mark Carney has called for a digital currency to replace the USD as the world\u2019s reserve currency, <a href=\"https:\/\/www.ft.com\/content\/a775b55a-c5c2-11e9-a8e9-296ca66511c9\">the FT reports<\/a>. Speaking at Jackson Hole this weekend, Carney said that the \u201cdomineering influence\u201d of the USD in global trade and finance is holding back growth due to currency hoarding by countries scared of capital flight. Rather than elevate the RMB as a new reserve currency, he called for the creation of a multipolar financial system via a new virtual reserve currency backed by the world\u2019s central banks. This would help to insulate the global system from movements in a single economy and reduce dependency on a single currency for trade and investment, he said.<\/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\/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\/bank-of-england\/\">Bank of England<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/capital-markets\/\">capital markets<\/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\/emmanuel-macron\/\">Emmanuel Macron<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-markets\/\">Financial Markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/g7\/\">G7<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/global-economy\/\">global economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/italy\/\">Italy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/vix\/\">VIX<\/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=\"596297\" 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 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href=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/el-sisi-visits-france-red-sea-mountain-trail-recognized-by-time-magazine\/\">\r\n                            El Sisi visits France, Red Sea Mountain Trail recognized by Time Magazine                        <\/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\/25\/el-sisi-visits-france-red-sea-mountain-trail-recognized-by-time-magazine\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" 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Sisi visits France, Red Sea Mountain Trail recognized by Time Magazine&url=https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/el-sisi-visits-france-red-sea-mountain-trail-recognized-by-time-magazine\/\">\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\/25\/el-sisi-visits-france-red-sea-mountain-trail-recognized-by-time-magazine\/&title=El Sisi visits France, Red Sea Mountain Trail recognized by Time Magazine\">\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+Sisi+visits+France%2C+Red+Sea+Mountain+Trail+recognized+by+Time+Magazine+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F08%2F25%2Fel-sisi-visits-france-red-sea-mountain-trail-recognized-by-time-magazine%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\/25\/el-sisi-visits-france-red-sea-mountain-trail-recognized-by-time-magazine\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596298\" class=\"content-area-description single-story post-596298 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-diplomacy tag-enterprise-last-nights-talk-shows tag-enterpriseam tag-france tag-g7 tag-health tag-red-sea tag-tourism tag-uk wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>President Abdel Fattah El Sisi\u2019s visit to the G7 summit in France <\/b>kept the talking heads busy last night. The president is expected to give a speech focused on democracy, education, gender equality and the environment, Hona Al Asema\u2019s Reham Ibrahim noted (<a href=\"https:\/\/www.youtube.com\/watch?v=CTiJSU2_eCY\">watch, runtime: 03:28<\/a>).<\/p>\n<p><b>For your Egypt-is-awesome news:<\/b> The naming of Egypt\u2019s Red Sea Mountain Trial by <a href=\"https:\/\/time.com\/collection\/worlds-greatest-places-2019\/5654150\/red-sea-mountain-trail-egypt\/\">Time Magazine<\/a> as the World\u2019s Greatest Places in 2019 also earned some airtime on Al Hayah Al Youm with Khaled Abu Bakr (<a href=\"https:\/\/www.youtube.com\/watch?v=XdxMRuXiVM0\">watch, runtime: 04:21<\/a>). We have more on this in our Egypt in the News section, below.<\/p>\n<p>El Hekaya\u2019s Amr Adib urged the Tourism Ministry to act fast in the face of <b>UK warnings of an E-coli outbreak in Hurghada<\/b> and investigate the allegations (<a href=\"https:\/\/www.youtube.com\/watch?v=uDDVoDIN5Sw\">watch, runtime: 03:50<\/a>).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/france\/\">France<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/g7\/\">G7<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/health\/\">health<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/red-sea\/\">Red Sea<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/uk\/\">UK<\/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=\"596299\" 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=\"596299\">\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\/25\/central-bank-of-egypt-cuts-interest-rates-for-the-first-time-since-february\/\">\r\n                            Central Bank of Egypt cuts interest rates for the first time since February                        <\/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\/25\/central-bank-of-egypt-cuts-interest-rates-for-the-first-time-since-february\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The central bank cited last month\u2019s \u201crelatively tame\u201d inflation figures, declining unemployment rates, and increasing GDP growth in Egypt. <a href=\"https:\/\/www.reuters.com\/article\/egypt-cenbank\/update-3-egypts-central-bank-cuts-rates-by-150-bps-after-inflation-slows-idUSL5N25I5M7\">Reuters<\/a>, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-08-22\/egypt-cuts-rates-first-time-in-six-months-after-inflation-relief\">Bloomberg<\/a>, and <a href=\"http:\/\/www.xinhuanet.com\/english\/2019-08\/24\/c_138333021.htm\">Xinhua<\/a> all had the story.<\/p>\n<p><b>Where do rates stand this morning?<\/b> The CBE\u2019s overnight deposit and lending rates now stand at 14.25% and 15.25%, respectively. The main operation and discount rates were also cut to 14.75%.<\/p>\n<p><b>This is in line with expectations, albeit a bit more aggressive than anticipated:<\/b> <a href=\"https:\/\/enterprise.press\/stories\/2019\/08\/18\/enterprise-poll-cbe-could-cut-interest-rates-on-thursday\/\">Around three-quarters<\/a> of economists we polled last week expected the central bank to push ahead with a 100 bps rate cut. <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-08-21\/egypt-s-economic-wins-may-seal-rate-cut-despite-global-sell-off\">Bloomberg<\/a> and <a href=\"https:\/\/af.reuters.com\/article\/investingNews\/idAFKCN1VA0LH-OZABS?feedType=RSS&feedName=investingNews\">Reuters\u2019<\/a> polls also had similar results, with only three of the 13 economists surveyed by Reuters and one of the 12 polled by Bloomberg accurately predicting a 150 bps cut. \u201cIt is a bit surprising in terms of magnitude, but looking at where headline inflation is, there was sizeable room to cut,\u201d Ahmed Hafez, head of MENA research at Renaissance Capital, told Enterprise.<\/p>\n<p><b>Easing cycles across emerging markets \u201cprobably made the MPC feel more comfortable\u201d about pushing ahead with a rate cut<\/b>, London-based research consultancy Capital Economics said in a note. \u201cIt\u2019s notable that previous interest rate cuts in the current cycle \u2014 in early 2018 and early this year \u2014 came at a time when EM central banks had generally shifted towards loosening policy.\u201d<\/p>\n<p><b>The bigger-than-expected cut \u201cwill revive investment sentiment across the board,\u201d<\/b> Beltone Financial said in a note on Friday. According to Beltone, local investors in particular will be welcoming of the monetary easing, but fully unlocking CAPEX lending potential is contingent on another 200 bps rate cut. Our survey of nine companies across several industries <a href=\"https:\/\/enterprise.press\/stories\/2019\/06\/13\/businesses-eager-for-interest-rates-to-return-to-pre-float-levels-to-boost-investment\/\">earlier this year<\/a> found that businesses are waiting for interest rates to fall within pre-float levels of 10-13% before ramping up capex borrowing.<\/p>\n<p><b>Reducing pressure on the public purse:<\/b> \u201cThe biggest beneficiary of taking this action is the public treasury,\u201d chairman of the Egyptian Businessmen\u2019s Association <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/3\/12\/344336\/Business\/Economy\/Egypts-new-rate-cuts-are-on-the-right-track-Head-o.aspx\">Ali Eisa said<\/a>, noting that the government saves around EGP 60 bn each year for every 100 bps cut.<\/p>\n<p><b>Is this the start of a steady easing cycle? It depends on inflation: <\/b>\u201cThe path for future policy rates remains a function of inflation expectations, rather than of prevailing inflation rates. Accordingly, the pace and magnitude of future policy rates adjustment will continue to be subject to confirmation that inflation expectations are anchored at target levels that are consistent with disinflation and price stability over the medium term,\u201d the CBE\u2019s statement reads. Hafez anticipates that inflation could rise back to around 12% by the end of the year, and forecasts another 100 bps cut in the final quarter.<\/p>\n<p><b>\u2026 And global conditions:<\/b> \u201cThe MPC\u2019s decision to conduct another cut this year will depend more on external factors, especially the US Federal Reserve\u2019s decision to ease monetary policy further, as the inflation outlook is expected to remain favorable, thanks to the end of fiscal consolidation measures,\u201d said Mona Bedeir, senior economist at Prime Securities.<\/p>\n<p><b>Where will rates stand at the end of 2019 and 2020?<\/b> Capital Economics now expects the overnight deposit rate to stand at 13.00% at the end of 2019 and 10.75% at the end of next year, while Beltone Financial sees room for another 100 bps cut over the next four months. The CBE\u2019s MPC could cut rates by 300 bps in 2020, Beltone and Prime\u2019s Mona Bedeir said.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/central-bank-of-egypt\/\">Central Bank of Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/monetary-policy\/\">monetary policy<\/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=\"596311\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"596312\" 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=\"596312\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">Image of the Day<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/wadi-degla-nature-and-local-cultures-festival-aims-to-boost-ecotourism\/\">\r\n                            Wadi Degla Nature and Local Cultures Festival aims to boost ecotourism                        <\/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\/25\/wadi-degla-nature-and-local-cultures-festival-aims-to-boost-ecotourism\/\" 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\/25\/wadi-degla-nature-and-local-cultures-festival-aims-to-boost-ecotourism\/')\">\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\/25\/wadi-degla-nature-and-local-cultures-festival-aims-to-boost-ecotourism\/\">\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=Wadi Degla Nature and Local Cultures Festival aims to boost ecotourism&url=https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/wadi-degla-nature-and-local-cultures-festival-aims-to-boost-ecotourism\/\">\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\/25\/wadi-degla-nature-and-local-cultures-festival-aims-to-boost-ecotourism\/&title=Wadi Degla Nature and Local Cultures Festival aims to boost ecotourism\">\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=Wadi+Degla+Nature+and+Local+Cultures+Festival+aims+to+boost+ecotourism+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F08%2F25%2Fwadi-degla-nature-and-local-cultures-festival-aims-to-boost-ecotourism%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\/25\/wadi-degla-nature-and-local-cultures-festival-aims-to-boost-ecotourism\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/8\/261.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"596313\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/wadi-degla-nature-and-local-cultures-festival-aims-to-boost-ecotourism\/261-jpg-30\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/8\/261.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"261.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/8\/261.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/8\/261.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596312\" class=\"content-area-description single-story post-596312 post type-post status-publish format-standard has-post-thumbnail hentry category-image-of-the-day tag-enterpriseam tag-environment tag-image-of-the-day tag-nature tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>Local cultures festival to boost Egypt\u2019s ecotourism:<\/b> The Environment Ministry organized last week the three-day Nature and Local Cultures Festival at the Wadi Degla protectorate to promote ecotourism by showcasing the diversity of Egypt\u2019s natural reserves, <a href=\"http:\/\/www.xinhuanet.com\/english\/2019-08\/23\/c_138330216_2.htm\">Xinhua reports<\/a>. The festival\u2019s aim, according to the ministry\u2019s director of environmental development, was to introduce traditional activities and customs that are part of the heritage of local communities \u2014 such as cooking methods, dance, and making handicrafts \u2014 to better integrate these communities into government efforts to protect the environment.<\/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\/environment\/\">environment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/image-of-the-day\/\">IMAGE OF THE DAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/nature\/\">nature<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"596314\" 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=\"596314\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/egypt-in-the-news-on-25-august-2019\/\">\r\n                            Egypt in the News on 25 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\/25\/egypt-in-the-news-on-25-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(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/egypt-in-the-news-on-25-august-2019\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/egypt-in-the-news-on-25-august-2019\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt in the News on 25 August 2019&url=https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/egypt-in-the-news-on-25-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\/25\/egypt-in-the-news-on-25-august-2019\/&title=Egypt in the News on 25 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+25+August+2019+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F08%2F25%2Fegypt-in-the-news-on-25-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\/25\/egypt-in-the-news-on-25-august-2019\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596314\" class=\"content-area-description single-story post-596314 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-climate-change tag-egypt-in-the-news tag-enterpriseam tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>Getting attention in the foreign press this morning:<\/b> Studies show that Egypt faces the prospect of \u201cclimate catastrophe\u201d in Alexandria, with sea levels predicted to rise two feet by 2050, submerging parts of the city. With a lack of consensus on the severity and impact of climate change hindering policy decisions, <a href=\"https:\/\/www.citylab.com\/environment\/2019\/08\/alexandria-climate-change-sea-level-canals-al-max-fishing\/596593\/\">CityLab asks whether<\/a> the government is taking the necessary steps to address the threat.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <a href=\"https:\/\/time.com\/collection\/worlds-greatest-places-2019\/5654150\/red-sea-mountain-trail-egypt\/\"><b>Time Magazine has named<\/b><\/a><b> Egypt\u2019s Red Sea Mountain Trail in its World\u2019s Greatest Places 2019,<\/b> describing the route as \u201ca community tourism initiative managed by the local Maaza tribe and dedicated to preserving Bedouin heritage.\u201d This long-distance hiking trail spans 105 miles and takes 10 days to complete, during which time hikers learn about the food and culture of their Bedouin guides.<\/p>\n<p>Also in the international press:<\/p>\n<ul>\n<li><b>Human rights:<\/b> <a href=\"https:\/\/www.amnesty.org\/en\/latest\/news\/2019\/08\/egypt-calls-for-investigation-into-death-in-custody-of-al-aqrab-prisoner\/\">Amnesty International<\/a> is calling on authorities to conduct an impartial investigation into the death of Hossam Hamed, who was held in solitary confinement at Aqrab prison since early August. <\/li>\n<li><b>Digital art:<\/b> Artist Kaya Behkalam\u2019s Augmented Archive project looks to preserve the events of 2011 in our collective memory,<a href=\"https:\/\/en.qantara.de\/content\/interview-with-the-artist-kaya-behkalam-preserving-the-memory-of-the-egyptian-revolution\">he tells Qantara<\/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\/climate-change\/\">climate change<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-in-the-news\/\">Egypt in the News<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"596315\" 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=\"596315\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">Worth reading<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/the-us-may-not-be-as-close-to-a-recession-as-the-yield-curve-suggests\/\">\r\n                            The US may not be as close to a recession as the yield curve suggests                        <\/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\/25\/the-us-may-not-be-as-close-to-a-recession-as-the-yield-curve-suggests\/\" 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\/25\/the-us-may-not-be-as-close-to-a-recession-as-the-yield-curve-suggests\/')\">\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\/25\/the-us-may-not-be-as-close-to-a-recession-as-the-yield-curve-suggests\/\">\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 US may not be as close to a recession as the yield curve suggests&url=https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/the-us-may-not-be-as-close-to-a-recession-as-the-yield-curve-suggests\/\">\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\/25\/the-us-may-not-be-as-close-to-a-recession-as-the-yield-curve-suggests\/&title=The US may not be as close to a recession as the yield curve suggests\">\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+US+may+not+be+as+close+to+a+recession+as+the+yield+curve+suggests+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F08%2F25%2Fthe-us-may-not-be-as-close-to-a-recession-as-the-yield-curve-suggests%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\/25\/the-us-may-not-be-as-close-to-a-recession-as-the-yield-curve-suggests\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/8\/743.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"596316\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/the-us-may-not-be-as-close-to-a-recession-as-the-yield-curve-suggests\/743-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/8\/743.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"743.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/8\/743.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/8\/743.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596315\" class=\"content-area-description single-story post-596315 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-reading tag-economy tag-enterpriseam tag-us tag-worth-reading wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>The US is actually not as close to a recession as it seems, regardless of the chatter about the inverted yield curve:<\/b> You know how everybody and their mother has been fretting over an impending recession in the US? It\u2019s actually \u201ca less than 50-50 proposition,\u201d Peter Coy <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-08-22\/what-a-yield-curve-inversion-really-says-about-the-economy?cmpid=BBD082219_MKT&utm_medium=email&utm_source=newsletter&utm_term=190822&utm_campaign=markets\">writes for Bloomberg<\/a>. The number of economists predicting a downturn has actually declined since the beginning of the year: 40% of economists surveyed last week forecast a recession by the end of 2020, compared to 52% back in February. And according to Bloomberg\u2019s poll of economists, the median forecast sees the US economy growing at a 1.8% clip next year.<\/p>\n<p><b>The inverted yield curve just isn\u2019t what it used to be back in the day:<\/b> Unlike times past, these days it doesn\u2019t take much to invert the yield curve. Long-term bonds were not always the safe haven asset they are today, and had to offer higher yields in order to attract investors. This is the traditional upward sloping yield curve, featuring a sizeable difference between the rates offered on 2-year and 10-year bonds. Now, the US 10-year treasury is seen as one of the safest fixed-income assets, which has resulted in increased demand and a drop in yields. The upward slope of the yield curve has gradually disappeared as 10-year bond yields have fallen closer to rates on short-term bonds (in econo-speak, this is what is referred to as a \u201cflattening\u201d of the yield curve). Whereas before an inverted curve necessitated a substantial drop in long-term yields, these days it may only take a slight decline. What this means is that the inverted yield curve can no longer be assumed the harbinger of recession that it once was.<\/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\/economy\/\">economy<\/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\/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=\"596317\" 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=\"596317\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/el-sisi-talks-egypts-public-health-services-with-who-boss\/\">\r\n                            El Sisi talks Egypt\u2019s public health services with WHO boss                        <\/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\/25\/el-sisi-talks-egypts-public-health-services-with-who-boss\/\" 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\/25\/el-sisi-talks-egypts-public-health-services-with-who-boss\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n      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target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/el-sisi-talks-egypts-public-health-services-with-who-boss\/&title=El Sisi talks Egypt\u2019s public health services with WHO boss\">\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+Sisi+talks+Egypt%E2%80%99s+public+health+services+with+WHO+boss+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F08%2F25%2Fel-sisi-talks-egypts-public-health-services-with-who-boss%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\/25\/el-sisi-talks-egypts-public-health-services-with-who-boss\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596317\" class=\"content-area-description single-story post-596317 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-abdel-fattah-el-sisi tag-diplomacy-foreign-trade tag-enterpriseam tag-healthcare tag-world-health-organization wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>El Sisi talks public health services with WHO boss:<\/b> President Abdel Fattah El Sisi met on Thursday with World Health Organization (WHO) Director-General Tedres Adhanom to discuss Egypt\u2019s public healthcare services and the new universal healthcare scheme, which was rolled out earlier this year in Port Said, according to <a href=\"https:\/\/ent.news\/2019\/8\/2309.pdf\">an Ittihadiya statement (pdf)<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/diplomacy-foreign-trade\/\">Diplomacy + Foreign Trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/healthcare\/\">healthcare<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-health-organization\/\">World Health Organization<\/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=\"596318\" 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=\"596318\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/zohr-gas-fields-13th-well-to-begin-production-end-of-september\/\">\r\n                            Zohr gas field\u2019s 13th well to begin production end of 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\/25\/zohr-gas-fields-13th-well-to-begin-production-end-of-september\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                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end of September&url=https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/zohr-gas-fields-13th-well-to-begin-production-end-of-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\/25\/zohr-gas-fields-13th-well-to-begin-production-end-of-september\/&title=Zohr gas field\u2019s 13th well to begin production end of 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=Zohr+gas+field%E2%80%99s+13th+well+to+begin+production+end+of+September+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F08%2F25%2Fzohr-gas-fields-13th-well-to-begin-production-end-of-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\/25\/zohr-gas-fields-13th-well-to-begin-production-end-of-september\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596318\" class=\"content-area-description single-story post-596318 post type-post status-publish format-standard hentry category-energy tag-energy tag-enterpriseam tag-oil-and-gas tag-zohr-field wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The Zohr natural gas field\u2019s 13th well is set to begin production at the end of September, an oil industry source <a href=\"https:\/\/www.youm7.com\/story\/2019\/8\/22\/%D9%85%D8%B5%D8%AF%D8%B1-%D8%A8%D8%A7%D9%84%D8%A8%D8%AA%D8%B1%D9%88%D9%84-%D8%B1%D8%A8%D8%B7-%D8%A7%D9%84%D8%A8%D8%A6%D8%B1-%D8%B1%D9%82%D9%85-13-%D8%A8%D8%AD%D9%82%D9%84-%D8%B8%D9%87%D8%B1-%D8%B9%D9%84%D9%89-%D8%A7%D9%84%D8%A5%D9%86%D8%AA%D8%A7%D8%AC\/4383526\">told Youm7<\/a>. Total production from the field <a href=\"https:\/\/enterprise.press\/stories\/2019\/08\/22\/zohr-natural-gas-field-production-rises-to-2-7-bcf-d\/\">reached 2.7 bcf\/d<\/a> four months ahead of schedule last week.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/oil-and-gas\/\">oil and gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/zohr-field\/\">Zohr Field<\/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=\"596319\" 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=\"596319\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">Basic Materials + Commodities<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/egypts-cotton-exports-rise-by-74-y-o-y-during-8m-2019\/\">\r\n                            Egypt\u2019s cotton exports rise by 74% y-o-y during 8M 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\/25\/egypts-cotton-exports-rise-by-74-y-o-y-during-8m-2019\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/egypts-cotton-exports-rise-by-74-y-o-y-during-8m-2019\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/egypts-cotton-exports-rise-by-74-y-o-y-during-8m-2019\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt\u2019s cotton exports rise by 74% y-o-y during 8M 2019&url=https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/egypts-cotton-exports-rise-by-74-y-o-y-during-8m-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\/25\/egypts-cotton-exports-rise-by-74-y-o-y-during-8m-2019\/&title=Egypt\u2019s cotton exports rise by 74% y-o-y during 8M 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%E2%80%99s+cotton+exports+rise+by+74%25+y-o-y+during+8M+2019+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F08%2F25%2Fegypts-cotton-exports-rise-by-74-y-o-y-during-8m-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\/25\/egypts-cotton-exports-rise-by-74-y-o-y-during-8m-2019\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596319\" class=\"content-area-description single-story post-596319 post type-post status-publish format-standard hentry category-basic-materials-commodities tag-basic-materials-commodities tag-commodities tag-enterpriseam tag-trade wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Cotton exports increased by 74% during the first eight months of 2019 to 1.74 mn qintars, compared to 1 mn qintars during the same period last year, Agriculture Ministry sources told <a href=\"https:\/\/alborsaanews.com\/2019\/08\/24\/1237301\">the local press.<\/a> Cotton export season lasts nine months, and comes to an end this week.<\/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\/trade\/\">trade<\/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=\"596320\" 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=\"596320\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">Manufacturing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/egypts-military-production-ministry-signs-mou-with-belarus-amkodor\/\">\r\n                            Egypt\u2019s Military Production Ministry signs MoU with Belarus\u2019 Amkodor                        <\/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\/25\/egypts-military-production-ministry-signs-mou-with-belarus-amkodor\/\" 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\/25\/egypts-military-production-ministry-signs-mou-with-belarus-amkodor\/')\">\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\/25\/egypts-military-production-ministry-signs-mou-with-belarus-amkodor\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt\u2019s Military Production Ministry signs MoU with Belarus\u2019 Amkodor&url=https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/egypts-military-production-ministry-signs-mou-with-belarus-amkodor\/\">\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\/25\/egypts-military-production-ministry-signs-mou-with-belarus-amkodor\/&title=Egypt\u2019s Military Production Ministry signs MoU with Belarus\u2019 Amkodor\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt%E2%80%99s+Military+Production+Ministry+signs+MoU+with+Belarus%E2%80%99+Amkodor+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F08%2F25%2Fegypts-military-production-ministry-signs-mou-with-belarus-amkodor%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\/25\/egypts-military-production-ministry-signs-mou-with-belarus-amkodor\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596320\" class=\"content-area-description single-story post-596320 post type-post status-publish format-standard hentry category-manufacturing tag-enterpriseam tag-industry tag-manufacturing wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The Military Production Ministry signed an MoU with Belarus\u2019 <a href=\"http:\/\/amkodor.by\/en\/\">Amkodor<\/a> to increase the percentage of domestic components used in heavy machinery that will be manufactured in Egypt, <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/1333505133494515\">the ministry said in a statement<\/a>. The agreement will see the company source 45% of its components from local sources by 2022.<\/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\/industry\/\">industry<\/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=\"596321\" 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=\"596321\">\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\">Health + Education<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/sohag-food-safety-study-shows-poor-knowledge-among-food-handlers\/\">\r\n                            Sohag food safety study shows \u201cpoor knowledge\u201d among food handlers                        <\/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\/25\/sohag-food-safety-study-shows-poor-knowledge-among-food-handlers\/\" 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\/25\/sohag-food-safety-study-shows-poor-knowledge-among-food-handlers\/')\">\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\/25\/sohag-food-safety-study-shows-poor-knowledge-among-food-handlers\/\">\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=Sohag food safety study shows \u201cpoor knowledge\u201d among food handlers&url=https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/sohag-food-safety-study-shows-poor-knowledge-among-food-handlers\/\">\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\/25\/sohag-food-safety-study-shows-poor-knowledge-among-food-handlers\/&title=Sohag food safety study shows \u201cpoor knowledge\u201d among food handlers\">\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=Sohag+food+safety+study+shows+%E2%80%9Cpoor+knowledge%E2%80%9D+among+food+handlers+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F08%2F25%2Fsohag-food-safety-study-shows-poor-knowledge-among-food-handlers%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\/25\/sohag-food-safety-study-shows-poor-knowledge-among-food-handlers\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596321\" class=\"content-area-description single-story post-596321 post type-post status-publish format-standard hentry category-health-education tag-enterpriseam tag-food tag-health tag-health-education tag-world-health-organization wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>There is an \u201curgent need\u201d to raise awareness of food safety in Sohag governorate due to \u201cpoor knowledge and non-compliance\u201d with safety regulations among food handlers, <a href=\"https:\/\/ent.news\/2019\/8\/2331.pdf\">research conducted at Sohag University has found (pdf)<\/a>. Less than half of the 994 surveyed handlers considered safe food handling an essential part of their job, only 36% of participants were aware that handlers might carry foodborne pathogens, and almost one-third didn\u2019t agree that thorough washing of vegetables and fruits is necessary to prevent food poisoning. The study has been <a href=\"http:\/\/www.emro.who.int\/ar\/in-press\/research\/food-safety-knowledge-attitude-and-self-reported-practices-among-food-handlers-in-sohag-governorate-egypt.html\">republished by the WHO<\/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\/food\/\">food<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/health\/\">health<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/health-education\/\">Health + Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-health-organization\/\">World Health Organization<\/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=\"596323\" 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=\"596323\">\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\">Real Estate + Housing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/egypts-nuca-offers-9-land-plots-in-new-cairo-to-developers\/\">\r\n                            Egypt\u2019s NUCA offers 9 land plots in New Cairo to developers                        <\/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\/25\/egypts-nuca-offers-9-land-plots-in-new-cairo-to-developers\/\" 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\/25\/egypts-nuca-offers-9-land-plots-in-new-cairo-to-developers\/')\">\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\/25\/egypts-nuca-offers-9-land-plots-in-new-cairo-to-developers\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt\u2019s NUCA offers 9 land plots in New Cairo to developers&url=https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/egypts-nuca-offers-9-land-plots-in-new-cairo-to-developers\/\">\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\/25\/egypts-nuca-offers-9-land-plots-in-new-cairo-to-developers\/&title=Egypt\u2019s NUCA offers 9 land plots in New Cairo to developers\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt%E2%80%99s+NUCA+offers+9+land+plots+in+New+Cairo+to+developers+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F08%2F25%2Fegypts-nuca-offers-9-land-plots-in-new-cairo-to-developers%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\/25\/egypts-nuca-offers-9-land-plots-in-new-cairo-to-developers\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596323\" class=\"content-area-description single-story post-596323 post type-post status-publish format-standard hentry category-real-estate-housing tag-enterpriseam tag-new-urban-communities-authority tag-real-estate-housing wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The New Urban Communities Authority (NUCA) is tendering nine land plots comprising around 1k feddans in New Cairo to developers, unnamed officials at the authority <a href=\"https:\/\/alborsaanews.com\/2019\/08\/22\/1236855\">told the local press<\/a>. Mixed use plots have been priced at EGP 9,870 per sqm while commercial plots are priced at EGP 30.4k per sqm.<\/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\/new-urban-communities-authority\/\">New Urban Communities Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate-housing\/\">Real Estate + Housing<\/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=\"596324\" 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=\"596324\">\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\">Tourism<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/thomas-cook-bookings-up-30-40-in-2019\/\">\r\n                            Thomas Cook bookings up 30-40% in 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\/25\/thomas-cook-bookings-up-30-40-in-2019\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/thomas-cook-bookings-up-30-40-in-2019\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/thomas-cook-bookings-up-30-40-in-2019\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Thomas Cook bookings up 30-40% in 2019&url=https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/thomas-cook-bookings-up-30-40-in-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\/25\/thomas-cook-bookings-up-30-40-in-2019\/&title=Thomas Cook bookings up 30-40% in 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=Thomas+Cook+bookings+up+30-40%25+in+2019+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F08%2F25%2Fthomas-cook-bookings-up-30-40-in-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\/25\/thomas-cook-bookings-up-30-40-in-2019\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596324\" class=\"content-area-description single-story post-596324 post type-post status-publish format-standard hentry category-tourism tag-enterpriseam tag-thomas-cook tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Travel agency Thomas Cook has seen bookings increase by 30-40% in 2019, with most tourists going to Hurghada and Marsa Alam, said Thomas Cook Egypt agent Hossam El Shaer, <a href=\"https:\/\/www.youm7.com\/story\/2019\/8\/24\/%D8%AA%D9%88%D9%85%D8%A7%D8%B3-%D9%83%D9%88%D9%83-%D8%B1%D8%AD%D9%84%D8%A7%D8%AA%D9%86%D8%A7-%D9%84%D9%85%D8%B5%D8%B1-%D8%A7%D8%B1%D8%AA%D9%81%D8%B9%D8%AA-%D8%A8%D9%86%D8%B3%D8%A8%D8%A9-40-%D9%88%D8%A7%D9%84%D8%BA%D8%B1%D8%AF%D9%82%D8%A9-%D9%88%D9%85%D8%B1%D8%B3%D9%89-%D8%B9%D9%84%D9%85\/4387256\">according to Youm7<\/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\/thomas-cook\/\">Thomas Cook<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"596325\" 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=\"596325\">\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\">Banking + Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/valu-signs-contract-with-insurance-company-for-auto-insurance-installment-plans\/\">\r\n                            Valu signs contract with insurance company for auto insurance installment plans                        <\/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\/25\/valu-signs-contract-with-insurance-company-for-auto-insurance-installment-plans\/\" 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\/25\/valu-signs-contract-with-insurance-company-for-auto-insurance-installment-plans\/')\">\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\/25\/valu-signs-contract-with-insurance-company-for-auto-insurance-installment-plans\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> 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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=Valu+signs+contract+with+insurance+company+for+auto+insurance+installment+plans+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F08%2F25%2Fvalu-signs-contract-with-insurance-company-for-auto-insurance-installment-plans%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\/25\/valu-signs-contract-with-insurance-company-for-auto-insurance-installment-plans\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596325\" class=\"content-area-description single-story post-596325 post type-post status-publish format-standard hentry category-banking-finance tag-banking tag-banking-finance tag-cit tag-enterpriseam tag-finance tag-fintech tag-technology tag-valu wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>EFG Hermes\u2019 fintech subsidiary Valu has signed a contract with an insurance company to feature its car insurance installment plan on the app, CEO Walid Hassouna told <a href=\"https:\/\/alborsaanews.com\/2019\/08\/24\/1237328\">the local press<\/a> without naming the company. Valu users will be able to pay for the insurance in 12 installments over the course of a year, Hassouna said, adding that the company will soon reveal the name of the company.<\/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\/cit\/\">CIT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/finance\/\">Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fintech\/\">Fintech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/technology\/\">technology<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/valu\/\">ValU<\/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=\"596326\" 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=\"596326\">\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\">Other Business News of Note<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/court-postpones-iron-billet-import-duty-hearing-to-8-sept\/\">\r\n                            Court postpones iron billet import duty hearing to 8 Sept                        <\/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\/25\/court-postpones-iron-billet-import-duty-hearing-to-8-sept\/\" 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\/25\/court-postpones-iron-billet-import-duty-hearing-to-8-sept\/')\">\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\/25\/court-postpones-iron-billet-import-duty-hearing-to-8-sept\/\">\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=Court postpones iron billet import duty hearing to 8 Sept&url=https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/court-postpones-iron-billet-import-duty-hearing-to-8-sept\/\">\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\/25\/court-postpones-iron-billet-import-duty-hearing-to-8-sept\/&title=Court postpones iron billet import duty hearing to 8 Sept\">\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=Court+postpones+iron+billet+import+duty+hearing+to+8+Sept+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F08%2F25%2Fcourt-postpones-iron-billet-import-duty-hearing-to-8-sept%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\/25\/court-postpones-iron-billet-import-duty-hearing-to-8-sept\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596326\" class=\"content-area-description single-story post-596326 post type-post status-publish format-standard hentry category-other-business-news-of-note tag-enterpriseam tag-judiciary tag-other-business-news-of-note tag-trade wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The Supreme Administrative Court has postponed to 8 September appeals filed by the State Lawsuits Authority and a number of companies to reinstate the 15% import duty on iron billets, <a href=\"https:\/\/akhbarelyom.com\/news\/newdetails\/2899956\/1\/%D9%A8-%D8%B3%D8%A8%D8%AA%D9%85%D8%A8%D8%B1\">Akhbar El Yom reported<\/a>. This is the second time the hearing has been pushed in the past week after <a href=\"https:\/\/enterprise.press\/stories\/2019\/08\/18\/egypts-supreme-administrative-court-postpones-iron-billet-appeals-to-24-august\/\">two judges resigned from the panel<\/a> last weekend. The lower administrative court <a href=\"https:\/\/enterprise.press\/stories\/2019\/07\/25\/egypts-administrative-court-turns-down-pending-appeals-to-bring-back-iron-tariffs\/\">last month<\/a> turned down the Trade Ministry\u2019s appeal to reimpose the 15% duty, which it lodged after 21 iron factories won a case at the court reversing the ministry\u2019s decision.<\/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\/judiciary\/\">judiciary<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/other-business-news-of-note\/\">Other Business News of Note<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/trade\/\">trade<\/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=\"596327\" 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=\"596327\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">16<\/div>\r\n\r\n                    <p class=\"f-graphik\">Legislation + Policy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/federation-of-egyptian-industries-members-weigh-in-on-income-tax-vat-amendments\/\">\r\n                            Federation of Egyptian Industries members weigh in on income tax, VAT amendments                        <\/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\/25\/federation-of-egyptian-industries-members-weigh-in-on-income-tax-vat-amendments\/\" 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\/25\/federation-of-egyptian-industries-members-weigh-in-on-income-tax-vat-amendments\/')\">\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\/25\/federation-of-egyptian-industries-members-weigh-in-on-income-tax-vat-amendments\/\">\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=Federation of Egyptian Industries members weigh in on income tax, VAT amendments&url=https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/federation-of-egyptian-industries-members-weigh-in-on-income-tax-vat-amendments\/\">\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\/25\/federation-of-egyptian-industries-members-weigh-in-on-income-tax-vat-amendments\/&title=Federation of Egyptian Industries members weigh in on income tax, VAT amendments\">\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=Federation+of+Egyptian+Industries+members+weigh+in+on+income+tax%2C+VAT+amendments+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F08%2F25%2Ffederation-of-egyptian-industries-members-weigh-in-on-income-tax-vat-amendments%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\/25\/federation-of-egyptian-industries-members-weigh-in-on-income-tax-vat-amendments\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596327\" class=\"content-area-description single-story post-596327 post type-post status-publish format-standard hentry category-legislation-policy tag-enterpriseam tag-federation-of-egyptian-industries tag-income-tax tag-legislation tag-legislation-policy tag-tax tag-vat wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The Tax and Customs Committee at the Federation of Egyptian Industries has asked members to present their suggestions on proposed amendments to the VAT Act and the planned new Income Tax Act, <a href=\"https:\/\/alborsaanews.com\/2019\/08\/22\/1237110\">the local press reported<\/a>. The government <a href=\"https:\/\/enterprise.press\/stories\/2019\/07\/30\/egypt-working-on-new-income-tax-vat-laws-maait\/\">announced plans<\/a> to amend the VAT Act and draft a new income tax law last month, promising not to amend the rates.<\/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\/federation-of-egyptian-industries\/\">Federation of Egyptian Industries<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/income-tax\/\">income tax<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/legislation\/\">legislation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/legislation-policy\/\">Legislation + Policy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tax\/\">tax<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/vat\/\">VAT<\/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=\"596328\" 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=\"596328\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">17<\/div>\r\n\r\n                    <p class=\"f-graphik\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/tv-presenter-reham-said-suspended-by-supreme-media-council-for-humiliating-comments\/\">\r\n                            TV presenter Reham Said suspended by Supreme Media Council for \u201chumiliating\u201d comments                        <\/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\/25\/tv-presenter-reham-said-suspended-by-supreme-media-council-for-humiliating-comments\/\" 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\/25\/tv-presenter-reham-said-suspended-by-supreme-media-council-for-humiliating-comments\/')\">\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\/25\/tv-presenter-reham-said-suspended-by-supreme-media-council-for-humiliating-comments\/\">\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=TV presenter Reham Said suspended by Supreme Media Council for \u201chumiliating\u201d comments&url=https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/tv-presenter-reham-said-suspended-by-supreme-media-council-for-humiliating-comments\/\">\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\/25\/tv-presenter-reham-said-suspended-by-supreme-media-council-for-humiliating-comments\/&title=TV presenter Reham Said suspended by Supreme Media Council for \u201chumiliating\u201d comments\">\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=TV+presenter+Reham+Said+suspended+by+Supreme+Media+Council+for+%E2%80%9Chumiliating%E2%80%9D+comments+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F08%2F25%2Ftv-presenter-reham-said-suspended-by-supreme-media-council-for-humiliating-comments%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\/25\/tv-presenter-reham-said-suspended-by-supreme-media-council-for-humiliating-comments\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596328\" class=\"content-area-description single-story post-596328 post type-post status-publish format-standard hentry category-on-your-way-out tag-enterpriseam tag-media tag-social-media tag-supreme-media-council wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>The Supreme Media Council has suspended controversial TV presenter Reham Said for the nth time<\/b> over her description of overweight people as \u201ca burden\u201d and \u201can eyesore\u201d during a discussion about weight loss surgery on her talk show, Sabaya, last week. She was called in for questioning on Friday, following a series of complaints on social media in Egypt and beyond, <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/344311\/Egypt\/Politics-\/Egypt%E2%80%99s-media-watchdog-to-investigate-TV-host-for-.aspx\">Ahram Online reported<\/a>. Egypt\u2019s National Council for Women said in a statement that it had submitted an official complaint about Said\u2019s remarks. Said <a href=\"https:\/\/www.egypttoday.com\/Article\/1\/74138\/T-V-host-suspended-for-%E2%80%98humiliating%E2%80%99-obese-people-she-quits\">subsequently announced<\/a> on <a href=\"https:\/\/www.facebook.com\/watch\/?ref=external&v=3514754345217165\">social media<\/a> that she is quitting the small screen. Let\u2019s all hope to god she\u2019s serious.<\/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\/media\/\">media<\/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\/supreme-media-council\/\">Supreme Media Council<\/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=\"596329\" 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=\"596329\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">18<\/div>\r\n\r\n                    <p class=\"f-graphik\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/the-market-yesterday-315\/\">\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\/25\/the-market-yesterday-315\/\" 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\/25\/the-market-yesterday-315\/')\">\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\/25\/the-market-yesterday-315\/\">\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\/25\/the-market-yesterday-315\/\">\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\/25\/the-market-yesterday-315\/&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%2F25%2Fthe-market-yesterday-315%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\/25\/the-market-yesterday-315\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596329\" class=\"content-area-description single-story post-596329 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 16.53 | Sell 16.66<b><\/p>\n<p> EGP \/ USD at CIB:<\/b> Buy 16.55 | Sell 16.65<\/p>\n<p> <b>EGP \/ USD at NBE: <\/b>Buy 16.52 | Sell 16.62<\/p>\n<p><b>EGX30<\/b> (Thursday): 14,333 (-0.2%)<\/p>\n<p> <b>Turnover:<\/b> EGP 666 mn (12% above the 90-day average)<\/p>\n<p> <b>EGX 30 year-to-date<\/b>: +10.0%<\/p>\n<p><b>THE MARKET ON THURSDAY:<\/b> The EGX30 ended Thursday\u2019s session down 0.2%. CIB, the index\u2019s heaviest constituent, down 0.2%. EGX30\u2019s top performing constituents were ADIB up 3.9%, Egyptian Resorts up 3.2%, and Madinet Nasr Housing up 1.5%. Thursday\u2019s worst performing stocks were Egypt Kuwait Holding down 1.4%, Emaar Misr down 1.3%, and Orascom Development Holding down 1.1%. The market turnover was EGP 666 mn, and local investors were the sole net buyers.<\/p>\n<p><b>Foreigners<\/b>: Net short | EGP -23.3 mn<\/p>\n<p> <b>Regional<\/b>: Net short | EGP -21.6 mn<\/p>\n<p> <b>Domestic<\/b>: Net long | EGP +45.0 mn<\/p>\n<p><b>Retail<\/b>: 62.0% of total trades | 64.5% of buyers | 59.4% of sellers<\/p>\n<p> <b>Institutions<\/b>: 38.0% of total trades | 35.5% of buyers | 40.6% of sellers<\/p>\n<p><b>WTI:<\/b> USD 54.17 (-2.13%)<\/p>\n<p> <b>Brent:<\/b> USD 59.34 (-0.97%)<\/p>\n<p><b>Natural Gas<\/b> (Nymex, futures prices) USD 2.15 MMBtu, (-0.32%, September 2019 contract)<\/p>\n<p> <b>Gold:<\/b> USD 1,537.60 \/ troy ounce (+1.93%)<\/p>\n<p><b>TASI:<\/b> 8,445.66 (-0.74%) (YTD: +7.91%)<\/p>\n<p> <b>ADX:<\/b> 5,038.99 (-0.03%) (YTD: +2.52%)<\/p>\n<p> <b>DFM:<\/b> 2,768.85 (-0.79%) (YTD: +9.45%)<\/p>\n<p> <b>KSE Premier Market:<\/b> 6,610.18 (-0.01%)<\/p>\n<p> <b>QE:<\/b> 9,918.60 (+0.42%) (YTD: -3.69%)<\/p>\n<p> <b>MSM:<\/b> 3,987.65 (+1.48%) (YTD: -7.77%)<\/p>\n<p> <b>BB: <\/b>1,533.60 (+0.09%) (YTD: +14.68%)<\/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=\"596330\" 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\/25\/596330\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596330\" class=\"content-area-description single-story post-596330 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>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>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>1 September (Sunday): Islamic New Year (TBC), national holiday.<\/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 September (Sunday): The Supreme Administrative Court has postponed appeals filed by the State Lawsuits Authority and a number of companies to bring back the now-canceled 15% import duty on iron billets after two judges resigned from the panel, <a href=\"https:\/\/www.mubasher.info\/news\/3521768\/8%D8%B3%D8%A8%D8%AA%D9%85%D8%A8%D8%B1-%D8%A7%D9%84%D8%AD%D9%83%D9%85-%D9%81%D9%8A-48-%D8%B7%D8%B9%D9%86%D8%A7-%D8%B9%D9%84%D9%89-%D9%88%D9%82%D9%81-%D9%82%D8%B1%D8%A7%D8%B1-%D8%B1%D8%B3%D9%88%D9%85-%D8%A7%D9%84%D8%A8%D9%84%D9%8A%D8%AA-%D8%A8%D9%85%D8%B5%D8%B1\">Mubasher reported<\/a><\/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 September (Monday): Japan Arab Economic Forum, Nile Ritz Carlton, 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 September (Wednesday): <a href=\"https:\/\/ecommsummit.co\/\">E-Commerce Summit 2019<\/a>, Nile Ritz Carlton, Cairo.<\/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>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>22 October (Tuesday): <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1420541\">Innovative Finance: A New Vision to Support Investment forum<\/a>, venue TBD, Cairo.<\/p>\n<p>23-24 October (Wednesday-Thursday): <a href=\"http:\/\/platforms-root-technologies.com\/icec-2019\/\">Intelligent Cities Exhibition & Conference<\/a>, Hilton Heliopolis, Cairo.<\/p>\n<p>23 October-1 November (Wednesday-Friday): CIB PSA Women\u2019s World Championship, Great Pyramid of Giza, Cairo.<\/p>\n<p>24 October (Thursday): <a href=\"http:\/\/en.kremlin.ru\/events\/president\/news\/60592\">Russia-Africa Summit<\/a> to take place in Sochi, co-chaired by Vladimir Putin and President Abdel Fattah El Sisi.<\/p>\n<p>28 October-22 November (Monday-Friday): <a href=\"https:\/\/www.itu.int\/en\/ITU-R\/conferences\/wrc\/2019\/Pages\/default.aspx\">World Radiocommunication Conference 2019<\/a>, Sharm El Sheikh, Egypt.<\/p>\n<p>28 October-31 October (Monday-Thursday): A Cairo court <a href=\"https:\/\/alborsaanews.com\/2019\/08\/06\/1233322\">will rule<\/a> into the stock manipulation case, in which Gamal and Alaa Mubarak are involved in along with seven other defendants.<\/p>\n<p>29-30 October (Tuesday-Wednesday): US Federal Open Market Committee will hold its two-day policy meeting to review the interest rate.<\/p>\n<p>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>11-13 November (Monday-Wednesday): <a href=\"https:\/\/africainvestmentforum.com\/\">Africa Investment Forum<\/a>, Gauteng, South Africa.<\/p>\n<p>14-17 November (Thursday-Sunday): <a href=\"http:\/\/www.mactech.com.eg\/\">Machtech Expo<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>14-17 November (Thursday-Sunday): <a href=\"http:\/\/www.transpotech-eg.com\/\">Transpotech Expo<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>14-17 November (Thursday-Sunday): <a href=\"http:\/\/www.airtech-eg.com\/\">Airtech Expo<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>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":596295,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-596294","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"69c873c7-adcf-4f0f-9fc3-2b91c084bd53","teaser":"","photo_url":"https:\/\/ent.news\/2017\/12\/150.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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