{"id":596521,"date":"2019-07-01T04:29:50","date_gmt":"2019-07-01T04:29:50","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=596521"},"modified":"2025-12-16T19:21:10","modified_gmt":"2025-12-16T19:21:10","slug":"welcome-to-the-new-fiscal-year","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/welcome-to-the-new-fiscal-year\/","title":{"rendered":"Welcome to the new fiscal year"},"content":{"rendered":"<section id=\"596523\" 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=\"596523\">\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\/07\/01\/what-were-tracking-on-1-july-2019\/\">\r\n                            What we\u2019re tracking on 1 July 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\/07\/01\/what-were-tracking-on-1-july-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     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data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2016\/12\/35.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2016\/12\/35.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596523\" class=\"content-area-description single-story post-596523 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-abdel-fattah-el-sisi tag-china tag-diplomacy tag-emerging-markets tag-enterpriseam tag-foreign-reserves tag-g20 tag-inflation tag-pmi tag-politics tag-rwanda tag-sports tag-trade tag-us tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_27645\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\">\n<p class=\"f-graphik\" style=\"font-size:14px\">Together with<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27482.svg\" alt=\"\" class=\"wp-image-27482\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><b>Welcome back, ladies and gentlemen \u2014 and welcome to the new fiscal year.<\/b> We hope you all enjoyed the much-needed extended weekend as much as we did. We know that it\u2019s only been a little over three weeks since Eid, but that seems like a long time ago now \u2014 especially with the heat in the capital making us all wish that we were somewhere cooler.<\/p><p><b>It was a busy weekend for international politics, as global leaders gathered in Osaka<\/b>, Japan, for the annual G20 summit. President Abdel Fattah El Sisi attended the event, where he represented the African Union. We have more in this morning\u2019s Diplomacy + Foreign Trade, below.<\/p><p><b>We\u2019re officially into the second half of 2019 <\/b>\u2014 and with a brand new month we have plenty of news triggers coming up over the next several days:<\/p><ul>\n<li><b>Foreign reserves:<\/b> The CBE is due to release Egypt\u2019s net foreign reserve figures for June sometime this week.<\/li>\n<li><b>PMI:<\/b> The purchasing managers\u2019 index for Egypt, the UAE and Saudi Arabia will be released on Wednesday, 3 July.<\/li>\n<li><b>Inflation:<\/b> Monthly inflation figures are due out next week. Inflation <b><a href=\"https:\/\/enterprise.press\/stories\/2019\/06\/11\/annual-inflation-increases-to-14-1-in-may\/\">rose unexpectedly<\/a><\/b> to 14.1% in May from 13% in April.<\/li>\n<\/ul><p><b>Our friends at AmCham will be hosting Electricity Minister Mohamed Shaker tomorrow<\/b> at their monthly luncheon. <a href=\"https:\/\/www.amcham.org.eg\/login\/login.asp?ReturnUrl=%2Fcyberlink%2Fevents%2Fregister%2F1214\">You can register for the event here<\/a>.<\/p><hr class=\"grey-line\"><p><b>Dominating the global press this morning: US President Donald Trump\u2019s unexpected decision to enter North Korea to meet Kim Jong Un<\/b>, making him the first sitting US president to visit the country. The two leaders agreed to kickstart talks on denuclearization, but \u201care no closer to narrowing the gap between their positions since they walked away from their summit in February in Vietnam,\u201d <a href=\"https:\/\/www.reuters.com\/article\/us-northkorea-usa\/after-surprise-trump-kim-meeting-u-s-and-north-korea-to-reopen-talks-idUSKCN1TV00R\">Reuters reports<\/a>.<\/p><p><b>The Donald also dialed back tensions with China:<\/b> Trump and Chinese President Xi Jinping agreed to re-enter trade negotiations after meeting on the sidelines of the G20 summit on Saturday, <a href=\"https:\/\/www.bbc.com\/news\/world-48810070\">the BBC reports<\/a>. Trump pledged not to introduce further tariffs on Chinese goods, and in a significant U-turn said that US companies will continue to be allowed to sell Huawei phones.<\/p><p><b>Things are looking better, but don\u2019t expect an agreement anytime soon:<\/b> \u201cThe quality of the transaction is far more important to me than speed. I am in no hurry, but things look very good,\u201d Trump <a href=\"https:\/\/twitter.com\/realDonaldTrump\/status\/1145097779632627712\">wrote on Twitter<\/a> following the meeting. \u201cThe United States and China have been here before,\u201d reads the pessimistic opening line of an <a href=\"https:\/\/www.cnbc.com\/2019\/06\/29\/g20-summit-trump-and-xi-agree-to-talks-but-offer-no-clear-path-to-end-the-trade-war.html\">article in CNBC<\/a>, in which analysts predict that the G20 2019 agreement will end up much like the one struck during G20 2018. Investment gurus seem to agree, viewing the outcome as no more than a \u201c<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-06-29\/reset-of-u-s-china-talks-may-boost-risk-appetite-analysts-say\">short reprieve<\/a>\u201d for risky assets.<\/p><p><b>Flows into EM spiked prior to the G20 summit,<\/b> indicating that investors were positioning themselves for a trade breakthrough, the Institute of International Finance (IIF) said on Thursday.<\/p><hr class=\"grey-line\"><p><b>An extension to oil supply cuts at least until the year-end in the offing: <\/b>OPEC+ are looking set to extend oil supply cuts following <a href=\"https:\/\/www.opec.org\/opec_web\/en\/311.htm\">this week\u2019s meetings<\/a> as Iraq has joined forces with Saudi and Russia in backing a policy to prop up prices in the face of sluggish global growth, <a href=\"https:\/\/www.reuters.com\/article\/us-oil-opec-iraq\/opec-set-for-oil-cut-extension-if-iran-endorses-pact-idUSKCN1TV0I7\">Reuters reports<\/a>. The \u201cnon-cartel\u201d of oil producers has been slashing output since 2017 to keep prices up as production from the US soared to make it the world\u2019s largest producer this year.<\/p><hr class=\"grey-line\"><p><b>The Pharaohs reign supreme in Afcon group stage: <\/b>Egypt\u2019s national football team remains undefeated in the African Cup so far after beating Uganda 2-0 last night, topping their group with nine points and a five-goal difference. Mo Salah curled in a near-post freekick at the 36th minute, after which Ahmed Elmohamady hit the far post with a power shot just before the halftime whistle. Our next match is on Saturday, but our opponents have not been determined yet.<\/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\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/emerging-markets\/\">emerging markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/foreign-reserves\/\">foreign reserves<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/g20\/\">G20<\/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\/pmi\/\">PMI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/politics\/\">politics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/rwanda\/\">Rwanda<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sports\/\">sports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us\/\">US<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-today\/\">What We&#039;re Tracking Today<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    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class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/01\/el-sisis-sideline-meetings-during-g20-summit-dominates-egypts-airwaves\/\">\r\n                            El Sisi\u2019s sideline meetings during G20 summit dominates Egypt\u2019s airwaves                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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summit dominates Egypt\u2019s airwaves\">\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%E2%80%99s+sideline+meetings+during+G20+summit+dominates+Egypt%E2%80%99s+airwaves+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F07%2F01%2Fel-sisis-sideline-meetings-during-g20-summit-dominates-egypts-airwaves%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\/07\/01\/el-sisis-sideline-meetings-during-g20-summit-dominates-egypts-airwaves\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596526\" class=\"content-area-description single-story post-596526 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-tourism 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 sideline meetings during the G20 summit<\/b> in Japan were in the limelight on the airwaves yesterday. El Sisi\u2019s talks with Toyota Tshusho head Ichiro Kashitani was a highlight on Al Hayah Al Youm (<a href=\"https:\/\/www.youtube.com\/watch?v=odBwOrUgqlM\">watch, runtime: 1:13<\/a>). Al Hayah Al Youm\u2019s Lobna Assal also took note of a report by the State\u2019s Information Service (SIS) on El Sisi\u2019s other \u201chigh-level meetings\u201d (<a href=\"https:\/\/www.youtube.com\/watch?v=Da6DpJnvBs0\">watch, runtime: 1:53<\/a>). We have the full story in Diplomacy + Foreign Trade, below.<\/p>\n<p><b>Also earning some attention last night was a Travel Trade Gazette (TTG) article about tourism in Hurghada<\/b>, which the magazine said is Italian tourists\u2019 favorite destination this summer. The trend in demand remains stable with a marked tendency for travelers to book early for the Red Sea town (<a href=\"https:\/\/www.youtube.com\/watch?v=poVDuD83rN0\">watch, runtime: 2:39<\/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\/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=\"596527\" 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=\"596527\">\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\/07\/01\/imf-says-no-talks-with-egypt-over-new-program\/\">\r\n                            IMF says no talks with Egypt over new program                        <\/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\/07\/01\/imf-says-no-talks-with-egypt-over-new-program\/\" 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\/07\/01\/imf-says-no-talks-with-egypt-over-new-program\/')\">\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\/07\/01\/imf-says-no-talks-with-egypt-over-new-program\/\">\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=IMF says no talks with Egypt over new program&url=https:\/\/enterpriseam.com\/egypt\/2019\/07\/01\/imf-says-no-talks-with-egypt-over-new-program\/\">\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\/07\/01\/imf-says-no-talks-with-egypt-over-new-program\/&title=IMF says no talks with Egypt over new program\">\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=IMF+says+no+talks+with+Egypt+over+new+program+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F07%2F01%2Fimf-says-no-talks-with-egypt-over-new-program%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\/07\/01\/imf-says-no-talks-with-egypt-over-new-program\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596527\" class=\"content-area-description single-story post-596527 post type-post status-publish format-standard hentry category-speed-round tag-economy tag-enterpriseam tag-imf tag-speed-round wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <b>Finish your plate before asking for a new program, IMF tells Egypt:<\/b> The International Monetary Fund (IMF) will not open talks with Egypt over new support until the government has finished implementing the current program of economic reforms, IMF assistant communications director Camilla Andersen <a href=\"https:\/\/www.imf.org\/en\/News\/Articles\/2019\/06\/27\/tr0627-transcript-of-imf-press-briefing\">told a press briefing<\/a>. \u201cWe\u2019re not currently negotiating a new IMF-supported program; the priority at this junction is to successfully complete the current program,\u201d she said. \u201cDiscussions regarding the nature of any future engagement would come after that.\u201d<\/p>\n<p><b>Does this write off Egypt\u2019s hopes for a post-program agreement by October?<\/b> Finance Minister Mohamed Maait <a href=\"https:\/\/enterprise.press\/stories\/2019\/06\/26\/egypt-hopes-to-reach-a-non-loan-program-agreement-with-imf-before-october\/\">told Bloomberg TV last week<\/a>that Egypt has begun probing a potential non-financial post-program agreement that it hopes to have in place by October. Egypt <a href=\"https:\/\/enterprise.press\/stories\/2019\/05\/19\/egypt-imf-reach-staff-level-agreement-to-unlock-final-tranche-of-usd-12-bn-facility\/\">reached a staff-level agreement<\/a> with the fund back in May to release the final USD 2 bn installment of the USD 12 bn facility, but as of right now we don\u2019t know when the executive board will sign off on the payment and allow Egypt to exit the program. Egypt is not currently on the <a href=\"https:\/\/www.imf.org\/external\/NP\/SEC\/bc\/eng\/index.aspx\">published agenda for the IMF\u2019s board<\/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\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/imf\/\">IMF<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"596542\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"596543\" 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=\"596543\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">COFFEE WITH ENTERPRISE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/01\/coffee-with-nestle-north-east-africa-chairman-and-ceo-moataz-el-hout\/\">\r\n                            Coffee with Nestl\u00e9 North East Africa Chairman and CEO Moataz El Hout                        <\/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\/07\/01\/coffee-with-nestle-north-east-africa-chairman-and-ceo-moataz-el-hout\/\" 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\/07\/01\/coffee-with-nestle-north-east-africa-chairman-and-ceo-moataz-el-hout\/')\">\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\/07\/01\/coffee-with-nestle-north-east-africa-chairman-and-ceo-moataz-el-hout\/\">\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=Coffee with Nestl\u00e9 North East Africa Chairman and CEO Moataz El Hout&url=https:\/\/enterpriseam.com\/egypt\/2019\/07\/01\/coffee-with-nestle-north-east-africa-chairman-and-ceo-moataz-el-hout\/\">\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\/07\/01\/coffee-with-nestle-north-east-africa-chairman-and-ceo-moataz-el-hout\/&title=Coffee with Nestl\u00e9 North East Africa Chairman and CEO Moataz El Hout\">\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=Coffee+with+Nestl%C3%A9+North+East+Africa+Chairman+and+CEO+Moataz+El+Hout+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F07%2F01%2Fcoffee-with-nestle-north-east-africa-chairman-and-ceo-moataz-el-hout%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\/07\/01\/coffee-with-nestle-north-east-africa-chairman-and-ceo-moataz-el-hout\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/7\/6.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"596544\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/01\/coffee-with-nestle-north-east-africa-chairman-and-ceo-moataz-el-hout\/6-jpg-24\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/7\/6.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"6.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/7\/6.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/7\/6.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596543\" class=\"content-area-description single-story post-596543 post type-post status-publish format-standard has-post-thumbnail hentry category-coffee-with-enterprise tag-coffee-with tag-enterpriseam tag-investment-watch tag-moataz-el-hout tag-nestle wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <b>Coffee with Nestl\u00e9 North East Africa Chairman and CEO Moataz El Hout:<\/b> For over 100 years, Nestl\u00e9 has been present in Egypt, giving it a unique insight among foreign companies operating here on the Egyptian economy and consumer. Some of its goods and products are household brand names, including Maggi, Pure Life, and Nescaf\u00e9. Through the good and bad times, the company has held on to its presence as a leader in the market and continues to expand upon it. In January, the company <a href=\"https:\/\/enterprise.press\/stories\/2019\/01\/27\/nestle-ambition-to-invest-in-egypt-continues-forward-momentum\/\">inaugurated its EGP 250 mn<\/a> 6 October factory for its coffee brand Bonjorno, and <a href=\"https:\/\/enterprise.press\/stories\/2019\/01\/28\/nestle-to-invest-egp-1-bn-in-egypt-in-the-next-five-years\/\">has pledged EGP 1 bn<\/a> in investments over the coming five years. Nestl\u00e9\u2019s Egypt operations are led by Moataz El Hout, who recently sat down with us for <b>the latest instalment in our Coffee With\u2026 series.<\/b><\/p>\n<p><b>Who is Moataz El Hout?<\/b> As someone who has been with Nestl\u00e9 for 24 years, you would be hard pressed to find someone who knows the ins and outs of the Swiss multinational and its presence here more than El Hout. His long career with the company includes heading up its ice cream business in Egypt and Malaysia, before going on to become country manager in Ghana. He became chairman and CEO of Nestl\u00e9 North East Africa in January 2018, where he has been overseeing the company\u2019s ambitious growth plans as volumes in the fast moving consumer goods sector head towards recovery.<\/p>\n<p><b>Key takeaways from our conversation:<\/b><\/p>\n<ul>\n<li>Most of the EGP 1 bn in new investments pledged over the next five years will go towards building up capacity;<\/li>\n<li>Nestl\u00e9 Egypt will see volumes across all product lines going back to pre-2016 levels by the end of the year;<\/li>\n<li>Production and logistics efficiencies have made Egypt a key node in Nestl\u00e9\u2019s global supply chain;<\/li>\n<li>Coffee is Nestl\u00e9\u2019s biggest product category in Egypt;<\/li>\n<li>As a multinational, capex spending was not really impacted by the high interest rate environment;<\/li>\n<li>On the macro level, Egypt\u2019s economic reforms have been conducive to growth, but issues with red tape remain.<\/li>\n<\/ul>\n<p><b>Enterprise: <\/b>You had said that Nestl\u00e9 is planning to invest around EGP 1 bn in Egypt over the next five years. Is that still the number and can you elaborate on those investments?<\/p>\n<p><b>Moataz El Hout:<\/b> Yes, I can confirm the figure. Nestl\u00e9 has been in Egypt for a long time \u2014 over a hundred years \u2014 through the good and bad times. The company has considered the country one of its growing markets and currently, Egypt is a strong contributor to growth in the Europe Middle East and North Africa (EMENA) region. We see openings here for us that we plan to capture by investing on our capacities (people, warehouses, facilities, etc.). We have an ambitious growth plan that will need to be supported by the right investments.<\/p>\n<p><b>E: <\/b>How are these investments spaced out and are they going towards operational expenses or capital investments?<\/p>\n<p><b>MH:<\/b> We\u2019ve spaced out that EGP 1 bn over five years to give us maneuverability in deploying the investments where and when they are needed. Depending on market conditions, we will need to prioritize certain categories of products. In our work it is tough to look far ahead and pin down which category would need investing, so it would be tough to set a timetable to deploy it.<\/p>\n<p><b>Some of these investments will also go towards developing new products<\/b>. But the majority will go towards capacity increases and raising our utilization rates for certain product categories. We also push for these capacity increases to go towards exports. This year, for example, we began exporting Cerelac to Morocco and Tunisia. Why did Nestl\u00e9 assign those markets to us? Because here in Egypt, we have a factory that is world class and is one of the top two factories in our zone. This is our 6 October factory which produces goods in multiple product categories. It\u2019s where we also produce Nescaf\u00e9 and Nido.<\/p>\n<p><b>E: <\/b>What was your strategy for growth in 2019 and what will it be in 2020?<\/p>\n<p><b>MH: <\/b>2019 was about volumes. Volumes for fast-moving consumer goods took a big hit with the EGP float in 2016, and it was hard for those companies to grow their volumes in 2017, because of the price increases. The target for most of those companies was to go back to the volume levels we had before the devaluation. We at Nestl\u00e9 Egypt are on track to do that this year. We\u2019ve already gotten volumes for some product categories up to pre-float days prior to this year, but in 2019 we are on track to get volumes across the board back to 2016 levels.<\/p>\n<p><b>How did we achieve this?<\/b> We expanded the distribution of what we at Nestl\u00e9 call our popular positioned product (PPP) range. These are mainstream products that are marketed to all income levels. Take the Maggi cubes for example. We sell three of those cubes for EGP 1 and we\u2019re making good money on it. Part of our strategy this year was maintaining our prices on certain product categories and not pass those on to the consumer, who took a huge hit with inflation. We have managed to maintain our pricing even in the face of rising fuel and electricity prices, because these were expected and predictable. These were not surprising, and on the contrary, have been helpful as we could strategize and adapt through cost-saving measures and improving efficiency. This strategy is now being helped with the appreciation of the EGP.<\/p>\n<p>Concurrently, <b>we have also been focused on launching new products across various categories<\/b>, such as Nescaf\u00e9 Milky, Bonjorno Talkima, etc.<\/p>\n<p><b>You can catch the <\/b><a href=\"https:\/\/enterprise.press\/2019\/07\/01\/coffee-nestle-north-east-africa-chairman-ceo-moataz-el-hout\/\"><b>full interview here<\/b><\/a><b>.<\/b><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/coffee-with\/\">Coffee With<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/moataz-el-hout\/\">Moataz El Hout<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/nestle\/\">Nestl\u00e9<\/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=\"596545\" 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=\"596545\">\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\/07\/01\/egypt-in-the-news-on-1-july-2019\/\">\r\n                            Egypt in the News on 1 July 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\/07\/01\/egypt-in-the-news-on-1-july-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\/07\/01\/egypt-in-the-news-on-1-july-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\/07\/01\/egypt-in-the-news-on-1-july-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 1 July 2019&url=https:\/\/enterpriseam.com\/egypt\/2019\/07\/01\/egypt-in-the-news-on-1-july-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\/07\/01\/egypt-in-the-news-on-1-july-2019\/&title=Egypt in the News on 1 July 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+1+July+2019+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F07%2F01%2Fegypt-in-the-news-on-1-july-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\/07\/01\/egypt-in-the-news-on-1-july-2019\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596545\" class=\"content-area-description single-story post-596545 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-ancient-egypt tag-egypt-in-the-news tag-enterpriseam tag-history tag-mohamed-morsi tag-muslim-brotherhood tag-sports wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>Decision to reinstate Amr Warda on Egypt\u2019s national football team tops this morning\u2019s coverage:<\/b> Amr Warda has been recalled to Egypt\u2019s Afcon squad just two days <a href=\"https:\/\/enterprise.press\/stories\/2019\/06\/27\/egypt-in-the-news-on-26-june-2019-amr-warda-sidelined-from-afcon\/\">after being dismissed<\/a> by the Egyptian Football Association (EFA) after accusations of [redacted] harassment. Warda <a href=\"https:\/\/www.facebook.com\/watch\/?v=669245940205700\">released a video on Facebook<\/a>, apologizing to family, friends and teammates (but notably not to any of his female accusers). Both the EFA and teammate Mohamed Salah, who <a href=\"https:\/\/twitter.com\/MoSalah\/status\/1144030918790672385\">defended Warda in a tweet<\/a>, <a href=\"https:\/\/www.kingfut.com\/2019\/06\/28\/egyptian-fa-warda-decision\/\">have come under fire<\/a> for being harassment \u201capologists\u201d (<a href=\"https:\/\/www.bbc.com\/sport\/football\/48803076\">BBC<\/a> | <a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL8N23Z2YQ\">Reuters<\/a> | <a href=\"https:\/\/www.apnews.com\/ee5bed4ba3c247eeae251cb079972f9b\">The Associated Press<\/a> | <a href=\"https:\/\/www.france24.com\/en\/20190627-shunning-not-answer-salah-says-warda-can-change\">AFP<\/a> | <a href=\"https:\/\/www.theguardian.com\/football\/2019\/jun\/30\/mo-salah-africa-cup-of-nations-sexual-harassment\">The Guardian<\/a>).<\/p>\n<p><b>Family members of four high-profile Ikhwani detainees say they fear for the health of their parents<\/b>, following the death of former president Mohamed Morsi last week, <a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL8N23Q34S\">Reuters reports<\/a>. This comes just as Al-Qaida is the latest to crawl out of the woodwork to accuse the authorities of killing Morsi, in a statement released through their media arm, <a href=\"https:\/\/www.voanews.com\/middle-east\/al-qaida-accuses-egypt-killing-ex-president-morsi-jail\">the AP reports<\/a>.<\/p>\n<p><b>The web was flooded with Ancient Egypt news this weekend.<\/b> Linens belonging to ancient Egyptian mummies were seized by US border officialsbetween Michigan and Ontario, Canada, <a href=\"https:\/\/federalnewsnetwork.com\/government-news\/2019\/06\/us-officials-seize-egyptian-mummy-linens-coming-from-canada\/\">the AP reported<\/a>. Meanwhile, Parker Richards warns in <a href=\"https:\/\/www.theatlantic.com\/science\/archive\/2019\/06\/earthquakes-and-sea-level-rise-are-deadly-combination\/592945\/\">the Atlantic<\/a> that the fate of an ancient Egyptian city should serve as a warning, as the threat of rising sea levels increases. <a href=\"https:\/\/www.nationalgeographic.com\/culture\/people\/reference\/thutmose-iii\/\">National Geographic<\/a> tells the story of Thutmose III, and asks whether he was ancient Egypt\u2019s greatest military leader.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ancient-egypt\/\">Ancient Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-in-the-news\/\">Egypt in the News<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/history\/\">History<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mohamed-morsi\/\">Mohamed Morsi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/muslim-brotherhood\/\">Muslim Brotherhood<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sports\/\">sports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"596546\" 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=\"596546\">\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\">ON THE FRONT PAGES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/01\/el-sisis-speech-on-30-june-tops-egypts-state-owned-front-pages\/\">\r\n                            El Sisi\u2019s speech on 30 June tops Egypt\u2019s state-owned front pages                        <\/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\/07\/01\/el-sisis-speech-on-30-june-tops-egypts-state-owned-front-pages\/\" 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\/07\/01\/el-sisis-speech-on-30-june-tops-egypts-state-owned-front-pages\/')\">\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\/07\/01\/el-sisis-speech-on-30-june-tops-egypts-state-owned-front-pages\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=El Sisi\u2019s speech on 30 June tops Egypt\u2019s state-owned front pages&url=https:\/\/enterpriseam.com\/egypt\/2019\/07\/01\/el-sisis-speech-on-30-june-tops-egypts-state-owned-front-pages\/\">\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\/07\/01\/el-sisis-speech-on-30-june-tops-egypts-state-owned-front-pages\/&title=El Sisi\u2019s speech on 30 June tops Egypt\u2019s state-owned front pages\">\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%E2%80%99s+speech+on+30+June+tops+Egypt%E2%80%99s+state-owned+front+pages+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F07%2F01%2Fel-sisis-speech-on-30-june-tops-egypts-state-owned-front-pages%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\/07\/01\/el-sisis-speech-on-30-june-tops-egypts-state-owned-front-pages\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596546\" class=\"content-area-description single-story post-596546 post type-post status-publish format-standard hentry category-on-the-front-pages tag-abdel-fattah-el-sisi tag-enterpriseam tag-on-the-front-pages 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 national address yesterday to commemorate 30 June<\/b> topped the front page of <a href=\"https:\/\/www.pressreader.com\/egypt\/al-akhbar\">Al Akhbar<\/a>, one of the three government-owned dailies. Both Al Ahram and Al Gomhuria\u2019s websites were still down at dispatch time. You can read a transcript of El Sisi\u2019s speech <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/photos\/a.153526355166753\/639511529901564\/?type=3&theater\">in Arabic here<\/a> or <a href=\"https:\/\/www.youtube.com\/watch?v=aIBBsutgyr0\">watch it here<\/a> (runtime: 6:40).<\/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\/on-the-front-pages\/\">On The Front Pages<\/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=\"596547\" 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=\"596547\">\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\/07\/01\/el-sisi-meets-state-leaders-talks-business-and-politics-in-osaka\/\">\r\n                            El Sisi meets state leaders, talks business and politics in Osaka                        <\/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\/07\/01\/el-sisi-meets-state-leaders-talks-business-and-politics-in-osaka\/\" 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 meetings kicked off with talks with <b>Japanese Prime Minister Shinzo Abe<\/b>, with a focus on education, culture, technology, energy, and transport cooperation, <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/637831086736275?__xts__%5b0%5d=68.ARCRYBBtDyB0sq3KpaB20wEwHidIdEcApZmexIsmQS_IBhA514XZwZ-wDgj0_qVykg1R4UEHl7mjPs99NPTpntcXjkpGrnpsSu3rRz299DAMGOzi1HzyyIarq0-Mq6DR03GqOMoIT84N0YEIjPMEeNL80c3QODbJ57p2FnDodZbjf4OqznaAkKiISwylJ0pdOEG-9R5edVzThgpbaGErN37muKfSsnv2Y_tfKelLNH6J6s8uhGyGl9xilOKAJ0vXcF4LT76Ln0BBNX3Tt4BEqf0rnB2qyLemPSnYovpN5YgevjGhrSgChIDKuXDxADyaCRKUFldnx5GAJnP9aM1gfoIqTFLMAE6d8vdaZF3VrVlDmK48cNvzFjSqQCUOYvKHrN8HNy2T93n2zVn_O9zAQWEMCyLXLKzzuzPQgfzaOmrBLTjmt67rGo7YjG1ajc443VFr7UThKIghdD264FKJZsIPurx5HxC8oTcnRMOv42BurV82Y4I&__tn__=-R\">according to an Ittihadiya statement<\/a>.<\/p>\n<p><b>Putin meeting sees no decision on restoring flights:<\/b> El Sisi also met with Russian President Vladimir Putin to discuss efforts to resume Russian flights to Egypt\u2019s resorts, the Dabaa nuclear power plant, cooperation on Africa, and the Russian Industrial Zone, <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/639196886599695?__xts__%5b0%5d=68.ARApvmU2_XjWlV7T2dn63HhcMQ8Uqh9n965LSjnmW2wQbxY1pgDod15vcFzBbhjlPqWRyZCtkvF5elVjDDn-ntRiCeWFnUQBHl8xqwPTAbIdtV4RIVaZW7IJ_5jMW-7Ur0fVkFj5rdzVpTu8_vKAlb6vj1cplMtIJeawimzwEuI1f2IIxRoYyGfisXGl-0Nple5p5OjMEJRb59ZJ0c-9YsjgJ0mR6GZLcssDRZN6cnENZeoBtMne47Wb6qn47JRanaAT7lg43IiXdXua-zUy6Dwom78D7T9NIzBgGy-fOd8n5w2NpZJZEPZ4libG3Zc-QtKIM_ySwxNbeBShuIOQKeT047Io-EJckTYic7s_omO_ennpZZ2SV4LSwU2LDZ388FnCfa2OcygDiIs0NfEqOnDPjL7d2KyZd4kZSyBPxSyQpWVvQ1gwIcWVjKUE5BehKvzvcw2t5kI06EPm3UB-DDV7E0hOaptexSFtmLBS8dDqbNAXigQ&__tn__=-R\">according to a statement<\/a>. The two also discussed preparations for a joint summit slated for October.<\/p>\n<p><b>The ongoing investigation into the death of PhD student Giulio Regeni<\/b> was the pivotal point of discussion between El Sisi and. El Sisi reaffirmed Egypt\u2019s commitment to uncovering the truth as well as support for the unprecedented cooperation with the Italian side on the case. The two sides also discussed the situation in Libya and cooperation in development and economic sectors.<\/p>\n<p>Other leaders El Sisi met with at the summit:<\/p>\n<ul>\n<li><b>Saudi Crown Prince <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/639142299938487?__xts__%5b0%5d=68.ARAzzJTxwrkSy84IEeHTCYdqfjLS-z0Fzl2b6yGHk2BxVpkJSQQZsU9yRsjsa5TlsE0y2A3eb6zjjtrqpoSr5uIitx1wU7pFOeR5SEjoaqyTAkBIiyHBxmCR5f1uvNJTUaMoWPMs-Wm8Wl4Z9zQDVptPbDy1by-n3aj7mstxs5mxknzmNzOSF5S0qJFn9tCd6X2nPI7KDt2UCGOdNmf0i96TrTzq0uWYw8ABX-epLW9aukWCDtzasaeMHd7NErQzMr0l1uvtjNaOO5sWS4BFWOdngsp3yqvudkoh5cZ0WQQ8LahSjMq6zgkbho4q8WYIwojRCCibnYM7gF6xdLJGinWZmI6qVZY2Qr4rOZG6WZyg_CwEIbeIQLL58xA_i7Ip1NP1JcibRcCfNTuZETuKhRYl8HYwqM5dexmJ4n4k4W9U9Zbv9Yb4fSlxQ1kMvpmWBWNDCgKDRt9KSjJuQXMXMsgjqwj1hyX_nZSLlUvSa-G14JpYxAg&__tn__=-R\">Mohamed bin Salman<\/a><\/b> to discuss the situation in Syria;<\/li>\n<li><a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/638561213329929?__xts__%5b0%5d=68.ARBdJtU_hAcotvW7BACbaYRQ3MK1oPfISTP355ZpXN0tdFBiE8O4rd2VbcDrheASVdAnVqBT8CYKob22Ii3EkTfLdkqnjIsWaBiiOYYTBWrnBGSE32vtHTmdUMBSPTHSa1Kc0xa_qXJtAbc-djGYMRsOvCT_1Qc9WAHFhisFFI25zOZ8wankEVB7aK8CB2wyQo6JBDxGxvilf0l_k9VXccFLTyyZ82gS4UQVumShkqEmCn9wD_5YMrCihxfmzcukwA8WQ8gTucP5m2aM89iMAFftgm8A_C3VizCMGppgVTk0xv3Kfa0WXs1KMrQQPxND0nxVmWcfxwQtiR2eVWmqLF_V5uKecAQgLbPi0zyj6wDLFfypGpR9D1Bwqbwp1TKkodb7sA0nqVhF6Jlvr1eT1ptUE4Bbi03uSwGPV4fNi9X8R5n1UE21ed-YVgjDUCvQYO0XJR8q4twCNFmn_a6UKbDhqbhh-0vRbPrQjyb-tXY8GKIPIaY&__tn__=-R\"><b>German Chancellor Angela Merkel<\/b><\/a> to talk Egypt\u2019s economic reform program, counterterrorism efforts, curbing illegal immigration, and Libya;<\/li>\n<li><b>Italian <\/b><a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/638561653329885?__xts__%5b0%5d=68.ARCXlfDHDGvbriiuFV7npgZgTVcA312M6t9A3vtC1Bel8dy5p3n9kRbre-auMYM1zSyDuOP36Oge1NbBwu_rJ0xNqQSVLQ_mA3pdjNH_1Ymx9zZUMjgJ1gMqOD-i4m7sJtzcA5-rB8SHnInJD8G7tN8tGzBGsWQo2fJebnkvYvyNIbOHfbd9LqIZHVRYmsWrcCiTO-e65izkXtFnPWN_AotcZLs5dE3IP0NjQBvAWlyOKpU8MqMByDkcHOBKBAc4HFig87YkaKCLQgo6IHrWL0g035vBksGe8oHxoqL6EvPAQnjS8xi3R34PWf-JIxGa1knoQwWyYOYWKapy0B7xgVCExamuS6NYO_q9TUhFqYO21u0c9cGdOGabdGtjNbMNw5QkNbx3_TkO0VVJwACOBobu7WkpZ05SiLcRbOgQmcU_Owdsa4sHugGU9ER3JM4tv-6jnbwd8CSOU0R5XMBSHR2FZPHUNGNLFRs3ef_sF0AbH5JI6_c&__tn__=-R\"><b>Prime Minister Giuseppe Conte<\/b><\/a>, with whom the ongoing investigation into the death of Giulio Regeni took precedence;<\/li>\n<li><b>UN <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/639175359935181?__xts__%5b0%5d=68.ARA1rP5Vu4WvY9sMwMSmJ2J3LZhIAGJsTg7kGWVKAIDJ8t706_kuN7uUQTo-3QhXYbhSF2iFHqa0zS0_cf8utLMfppW0EdA8miGmc4Q0qTlhRmN0jMG1Cn8opfWkFREzUoA6aaKvnX9hLEMJ2AQR9onhfOqHrZRVHeYV2Fp9DHU8vUQXcegs-r-IASqDn5cfqNfvDgn90uD9tV-JO1U2P7r33FuWTy5bBhkZS_KunSSLyVePpJfX9RaJNBR5lE7kG7JlXHKNl03iN1WSQnqDmynZZU8GO13TccVqRxTkAoSzbFOud6D2Gf5LvV230TMFOBe3gu14DfF06-Pw2-yu-S3gA0lTALt0aXNYfQ_ME0xFS-pp3n9N8aPg6A9u6g4mTMf_QzfMcYXOq96FE0h9v9iscO9P3huKFfS0CRiTpB5Svdqo8k2EviX6k49LePMrbdx8e41R3hjeiIJUTvJApG4YunhPDc_FqXRKxAWJPzoOja9kw4A&__tn__=-R\">Secretary-General Antonio Guterres<\/a><\/b> to discussUN efforts for international peace;<\/li>\n<li><b>Argentine <\/b><a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/639140589938658?__xts__%5b0%5d=68.ARBTpfYBkmCJJHDzcTzzVNBRi8oZdFCxdnL14hy70qb0ww8zhiy3pTY2bJ9wuxDIzCruPAPvzInQj5dKk_BvkysN9__5CT0vjUGVRNckkp2HGb0Kar9wW-Dl7BrlU8q_Jk5khJi-N1t3Z91A6OCHEBZvaKxk6ipQD1rrCmI-_tA99VCf-ej54u1d9ejQFWO09XNcV0H9gJ6f39QMRAj064p7iJfOFffanIi4DIJhcTPG1RJi86Tb87DwMd84wBtKyXjPr3qYwhYriydPhTK49SYLNrsqTGw_TPILxfQIxOC4Fz-k8SQjf6Mujt4JLV1jO6Gz5hM7FQj_Ut7f4bTrhEf6R34UqId97OQkLb2D6yJDBi-IbjVCHHvbkXs993Qz9Fxf4ADiXLIe0EjWMiVwmZkS6gJ8XAEQ-DKjJUVA4f2Gqc5afY-9hwJEiSiXmxgli1FLWB2h7AoxWlEojUuh26oVlfAB782XJjiPeKFfFTv_wUfYjKo&__tn__=-R\"><b>President Mauricio Macri<\/b><\/a> for trade talks on potentially through using Egypt as an entry point for Argentinian goods into Arab and African markets.<\/li>\n<\/ul>\n<p><b>On the business front:<\/b> El Sisi pitched Egypt as a potential \u201cgateway for Japanese products into Africa\u201d in <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/639711109881606?__xts__%5b0%5d=68.ARCTRdbjVw72GOEeYhyFxcRXlChKbI6dZosQxYhX9HtTvzStOOGS2vctRepEjJTSlBaqSkOTnat_fNJx-0L1AKTbnk6NdaOI6b3ZFqKAi8c2h895la3eFQPYUQ5CQdmwEBASZGEIPPWNxcci2WBokLAjJIEJ83HW_GP03DGg4RQyQDGEoO9PKA0dFFJlmoJKg6M2tfEnj25rqR7ePeOg4x8P_pQISP1GcD2zix4OFkf24z2Peezlfm3atK-fgTdvw0ZJ6_Uc0i6weESu7lEykHEZ2GaD513-hnYBoQGp81N0Ar-Izrdf0ALAw0Hv5ryztEhLMBLf348J11NSvL4Di78&__tn__=-R\">a separate meeting<\/a> with Toyota Group\u2019s trading arm Toyota Tsusho President Ichiro Kashitani, who gave El Sisi a rundown of projects his company would be interested in.<\/p>\n<p><b>The president also participated in the Chinese-African mini summit<\/b> alongside the leaders of China, South Africa, and Senegal and the UN chief, according to <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/638566663329384?__xts__%5b0%5d=68.ARDE-dlyTDqf-0gjPSu2TQ0pmnD7wmWqYN0xAP6dB-UH2kDX31LGJnzvqQRJdG6HuKox6nW2SbE5gvgUrBADstMcejLL41IoYr2e_ABDJFK1gg5cBcvxh_QULDOOprj_l2D6AGIJjgdHLLc3u78pX5q6wdl90yvJ06SLKx3JJQtB90QoVPX-DPzCODu0hNAXnPK3UfNhFkrVn2jRptaX1cWjPsGViCV4Or8k1kNAWZnXft7iZRZ2mO2aL-GUKtADiVwBzimDRTHMF5574DpU-VGQaqA3JeoRC6Wmh7aVkAkD8AJuceaD7SSGzMKp9sGlbiB4oyjO2ycCJ8N32bkOSnakRbI9WaGwkHfu-H9AdxH8iZVexP4K_Dfx74zy3Gx4F_xkGI2wtlGX8CkFb_HlAprFnHwadoeImPCY8w1kygBM9sBt4j6iKD42v-mkI9Y0oHuObpXShmB4QN8lodp5uY4l_HJQ86PqvxVDYZR_U_cgLDzhvU4&__tn__=-R\">an Ittihadiya statement<\/a>. The mini summit focused on development-oriented cooperation between China and Africa in light of the former\u2019s Belt and Road initiative and Egypt\u2019s Suez Canal Economic Zone.<\/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\/argentina\/\">Argentina<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy-foreign-trade\/\">Diplomacy + Foreign Trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/g20\/\">G20<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/germany\/\">Germany<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/italy\/\">Italy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/japan\/\">Japan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/un\/\">UN<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"596549\" 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=\"596549\">\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\/07\/01\/egypt-pays-dana-gas-usd-38-mn-in-owed-arrears\/\">\r\n                            Egypt pays Dana Gas USD 38 mn in owed arrears                        <\/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\/07\/01\/egypt-pays-dana-gas-usd-38-mn-in-owed-arrears\/\" 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\/07\/01\/egypt-pays-dana-gas-usd-38-mn-in-owed-arrears\/')\">\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\/07\/01\/egypt-pays-dana-gas-usd-38-mn-in-owed-arrears\/\">\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 pays Dana Gas USD 38 mn in owed arrears&url=https:\/\/enterpriseam.com\/egypt\/2019\/07\/01\/egypt-pays-dana-gas-usd-38-mn-in-owed-arrears\/\">\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\/07\/01\/egypt-pays-dana-gas-usd-38-mn-in-owed-arrears\/&title=Egypt pays Dana Gas USD 38 mn in owed arrears\">\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+pays+Dana+Gas+USD+38+mn+in+owed+arrears+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F07%2F01%2Fegypt-pays-dana-gas-usd-38-mn-in-owed-arrears%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\/07\/01\/egypt-pays-dana-gas-usd-38-mn-in-owed-arrears\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596549\" class=\"content-area-description single-story post-596549 post type-post status-publish format-standard hentry category-energy tag-dana-gas tag-energy tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Egypt has paid Dana Gas USD 38 mn in overdue arrears in June, <a href=\"http:\/\/www.danagas.com\/en-us\/media-center\/press-releases\/press-release-details?ID=317\">the company said yesterday<\/a>. The Emirati company\u2019s total revenues from its month\u2019s operations in Egypt reached USD 48 mn as it has also made USD 10 mn from selling natural gas condensate. Dana Gas received a total of USD 78 mn in payments from the government during 1H2019, reducing its outstanding receivables to USD 125 mn, the lowest level since 2011. Egypt has pledged to fully repay amounts owed to international oil companies by the end of 2019.<\/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\/dana-gas\/\">Dana Gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"596550\" 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=\"596550\">\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\/07\/01\/saudi-sends-delegation-to-egypt-for-visits-to-food-producers\/\">\r\n                            Saudi sends delegation to Egypt for visits to food producers                        <\/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\/07\/01\/saudi-sends-delegation-to-egypt-for-visits-to-food-producers\/\" 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\/07\/01\/saudi-sends-delegation-to-egypt-for-visits-to-food-producers\/')\">\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\/07\/01\/saudi-sends-delegation-to-egypt-for-visits-to-food-producers\/\">\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=Saudi sends delegation to Egypt for visits to food producers&url=https:\/\/enterpriseam.com\/egypt\/2019\/07\/01\/saudi-sends-delegation-to-egypt-for-visits-to-food-producers\/\">\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\/07\/01\/saudi-sends-delegation-to-egypt-for-visits-to-food-producers\/&title=Saudi sends delegation to Egypt for visits to food producers\">\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=Saudi+sends+delegation+to+Egypt+for+visits+to+food+producers+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F07%2F01%2Fsaudi-sends-delegation-to-egypt-for-visits-to-food-producers%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\/07\/01\/saudi-sends-delegation-to-egypt-for-visits-to-food-producers\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596550\" class=\"content-area-description single-story post-596550 post type-post status-publish format-standard hentry category-basic-materials-commodities tag-basic-materials-commodities tag-commodities tag-enterpriseam tag-saudi-arabia wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>A delegation from the Saudi Food and Drug Authority will be in Cairo from 30 June to 11 July to visit 43 Egyptian food producers, <a href=\"https:\/\/almalnews.com\/%d9%88%d9%81%d8%af-%d9%87%d9%8a%d8%a6%d8%a9-%d8%a7%d9%84%d8%ba%d8%b0%d8%a7%d8%a1-%d8%a7%d9%84%d8%b3%d8%b9%d9%88%d8%af%d9%8a%d8%a9-%d9%8a%d8%b2%d9%88%d8%b1-43-%d8%b4%d8%b1%d9%83%d8%a9-%d9%85%d8%b5\/\">Al Mal reports<\/a>. The visit comes in preparation to expand the number of Egyptian companies allowed to export goods to the Saudi market. Saudi Arabia lifted <a href=\"https:\/\/enterprise.press\/stories\/2019\/04\/21\/saudi-lifts-ban-on-egyptian-onions-3\/\">in April<\/a> a ban on Egyptian onions it had imposed earlier this year.<\/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\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"596551\" 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=\"596551\">\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\">Health + Education<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/01\/govt-offers-higher-salaries-to-physicians-under-universal-healthcare\/\">\r\n                            Gov\u2019t offers higher salaries to physicians under universal healthcare                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/01\/govt-offers-higher-salaries-to-physicians-under-universal-healthcare\/\" 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\/07\/01\/govt-offers-higher-salaries-to-physicians-under-universal-healthcare\/')\">\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\/07\/01\/govt-offers-higher-salaries-to-physicians-under-universal-healthcare\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Gov\u2019t offers higher salaries to physicians under universal healthcare&url=https:\/\/enterpriseam.com\/egypt\/2019\/07\/01\/govt-offers-higher-salaries-to-physicians-under-universal-healthcare\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2019\/07\/01\/govt-offers-higher-salaries-to-physicians-under-universal-healthcare\/&title=Gov\u2019t offers higher salaries to physicians under universal healthcare\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Gov%E2%80%99t+offers+higher+salaries+to+physicians+under+universal+healthcare+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F07%2F01%2Fgovt-offers-higher-salaries-to-physicians-under-universal-healthcare%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/01\/govt-offers-higher-salaries-to-physicians-under-universal-healthcare\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596551\" class=\"content-area-description single-story post-596551 post type-post status-publish format-standard hentry category-health-education tag-enterpriseam tag-health-education tag-universal-health-insurance wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Doctors working under the new universal healthcare system in Port Said will receive significantly higher salaries, the Health Ministry said, according to <a href=\"https:\/\/almalnews.com\/%d8%a7%d9%84%d8%b5%d8%ad%d8%a9-%d8%aa%d8%b9%d8%b1%d8%b6-%d8%b9%d9%84%d9%89-%d8%a7%d9%84%d8%a3%d8%b7%d8%a8%d8%a7%d8%a1-%d8%a7%d9%84%d8%b9%d9%85%d9%84-%d9%81%d9%8a-%d8%a7%d9%84%d8%aa%d8%a3\/\">Al Mal<\/a>. The ministry said doctors will earn between EGP 10-12k a month and specialists will receive EGP 12-16k provided they are contracted for a period between three months and a year. Port Said will be the first governorate where the new universal system will be implemented. Health Minister Hala Zayed <a href=\"https:\/\/enterprise.press\/stories\/2019\/05\/08\/egypts-health-ministry-asks-for-increase-in-budget-allocation-for-fy2019-20\/\">has asked<\/a> the government to increase the budget allocation for the health sector to EGP 100 bn in the coming fiscal year.<\/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\/health-education\/\">Health + Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/universal-health-insurance\/\">universal health insurance<\/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=\"596552\" 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=\"596552\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">Tourism<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/01\/albanian-tourism-company-to-launch-weekly-chartered-flights-to-egypts-red-sea\/\">\r\n                            Albanian tourism company to launch weekly chartered flights to Egypt\u2019s Red Sea                        <\/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\/07\/01\/albanian-tourism-company-to-launch-weekly-chartered-flights-to-egypts-red-sea\/\" 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\/07\/01\/albanian-tourism-company-to-launch-weekly-chartered-flights-to-egypts-red-sea\/')\">\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\/07\/01\/albanian-tourism-company-to-launch-weekly-chartered-flights-to-egypts-red-sea\/\">\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=Albanian tourism company to launch weekly chartered flights to Egypt\u2019s Red Sea&url=https:\/\/enterpriseam.com\/egypt\/2019\/07\/01\/albanian-tourism-company-to-launch-weekly-chartered-flights-to-egypts-red-sea\/\">\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\/07\/01\/albanian-tourism-company-to-launch-weekly-chartered-flights-to-egypts-red-sea\/&title=Albanian tourism company to launch weekly chartered flights to Egypt\u2019s Red Sea\">\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=Albanian+tourism+company+to+launch+weekly+chartered+flights+to+Egypt%E2%80%99s+Red+Sea+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F07%2F01%2Falbanian-tourism-company-to-launch-weekly-chartered-flights-to-egypts-red-sea%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\/07\/01\/albanian-tourism-company-to-launch-weekly-chartered-flights-to-egypts-red-sea\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596552\" class=\"content-area-description single-story post-596552 post type-post status-publish format-standard hentry category-tourism tag-albania tag-enterpriseam tag-red-sea tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>A major Albanian tourism company will launch weekly chartered flights to the Red Sea\u2019sSharm El Sheikh and Hurghada from Tirana until September, <a href=\"https:\/\/www.facebook.com\/MFAEgypt\/posts\/2880448245360436?__xts__%5b0%5d=68.ARCTsVEj5t-EZAM5-nB60cwLupmgrRe81DxWVg9E1zbY7jinN4LpiSTF13J6y0e3r6SoUmkoFQUdLMFeTH4pHiEKB7LsYXHxzw1aMqS7d_WIx8I0jMp-F5nVnjCqDWknu-JG5mxX_dd2aBf9QBHc6JHA9zDp65Ee3mcTaM5RYblDdulwQpDKSilQ45cQwo5DrzbuUDc3CtXpGQ26yIJAID0grGl7teiKE-n_OL84bGTucH67FLVii26DXIBarNXwv8BITRHm39H2yTHmP8XOyHP9FDaa5l3QRVRztvWdHFrLczi_b892pvgqDk8LSKPtMNdpvoyWXzVd3utluZUimw&__tn__=-R\">the Foreign Ministry said in a statement<\/a>. The first flight is scheduled to depart tomorrow.<\/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\/albania\/\">Albania<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"596553\" 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=\"596553\">\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\">Automotive + Transportation<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/01\/egypt-automotive-sales-down-8-y-o-y-in-5m2019\/\">\r\n                            Egypt automotive sales down 8% y-o-y in 5M2019                        <\/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\/07\/01\/egypt-automotive-sales-down-8-y-o-y-in-5m2019\/\" 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\/07\/01\/egypt-automotive-sales-down-8-y-o-y-in-5m2019\/')\">\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\/07\/01\/egypt-automotive-sales-down-8-y-o-y-in-5m2019\/\">\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 automotive sales down 8% y-o-y in 5M2019&url=https:\/\/enterpriseam.com\/egypt\/2019\/07\/01\/egypt-automotive-sales-down-8-y-o-y-in-5m2019\/\">\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\/07\/01\/egypt-automotive-sales-down-8-y-o-y-in-5m2019\/&title=Egypt automotive sales down 8% y-o-y in 5M2019\">\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+automotive+sales+down+8%25+y-o-y+in+5M2019+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F07%2F01%2Fegypt-automotive-sales-down-8-y-o-y-in-5m2019%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\/07\/01\/egypt-automotive-sales-down-8-y-o-y-in-5m2019\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596553\" class=\"content-area-description single-story post-596553 post type-post status-publish format-standard hentry category-automotive-transportation tag-automotive tag-automotive-transportation tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> Total vehicle sales in Egypt fell 8.5% y-o-y to 60,207 vehicles in 5M2019, compared to 63,948 vehicles in the same period last year, according to figures from the Automotive Information Council (AMIC) <a href=\"https:\/\/almalnews.com\/%D8%A3%D9%85%D9%8A%D9%83-%D8%A7%D9%86%D8%AE%D9%81%D8%A7%D8%B5-%D9%85%D8%A8%D9%8A%D8%B9%D8%A7%D8%AA-%D8%A7%D9%84%D8%B3%D9%8A%D8%A7%D8%B1%D8%A7%D8%AA-%D8%A8%D9%85%D8%B5%D8%B1-5-8-%D8%AE\/\">cited by Al Mal<\/a>. Passenger car sales dropped 10% y-o-y to 41,154 units, while bus sales climbed 3.6% y-o-y to 5,690. The dip in sales is a continuation of a trend witnessed in <a href=\"https:\/\/enterprise.press\/stories\/2019\/06\/03\/egypt-automotive-sales-down-5-y-o-y-in-4m2019\/\">4M2019<\/a>. The automotive industry had shown signs of recovery last year following a slump that was exacerbated by the EGP devaluation in 2016.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/automotive\/\">automotive<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/automotive-transportation\/\">Automotive + Transportation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"596556\" 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=\"596556\">\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\">Other Business News of Note<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/01\/egypts-gafi-set-to-complete-six-freezones-this-fiscal-year\/\">\r\n                            Egypt\u2019s GAFI set to complete six freezones this fiscal year                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/01\/egypts-gafi-set-to-complete-six-freezones-this-fiscal-year\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2019\/07\/01\/egypts-gafi-set-to-complete-six-freezones-this-fiscal-year\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2019\/07\/01\/egypts-gafi-set-to-complete-six-freezones-this-fiscal-year\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt\u2019s GAFI set to complete six freezones this fiscal year&url=https:\/\/enterpriseam.com\/egypt\/2019\/07\/01\/egypts-gafi-set-to-complete-six-freezones-this-fiscal-year\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2019\/07\/01\/egypts-gafi-set-to-complete-six-freezones-this-fiscal-year\/&title=Egypt\u2019s GAFI set to complete six freezones this fiscal year\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt%E2%80%99s+GAFI+set+to+complete+six+freezones+this+fiscal+year+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F07%2F01%2Fegypts-gafi-set-to-complete-six-freezones-this-fiscal-year%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/01\/egypts-gafi-set-to-complete-six-freezones-this-fiscal-year\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596556\" class=\"content-area-description single-story post-596556 post type-post status-publish format-standard hentry category-other-business-news-of-note tag-enterpriseam tag-investment-watch tag-other-business-news-of-note wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The General Authority for Freezones and Investments (GAFI) is set to complete six customs-exempt special economic zones (SEZs) in FY2019-2020, GAFI head Mohsen Adel <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1408974\">tells Al Masry Al Youm<\/a>. The plan includes \u201cEgypt\u2019s largest\u201d mixed-use SEZ in Tenth of Ramadan City, which the authority will develop in partnership with the New Urban Communities Authority (NUCA). Other zones in the pipeline include <a href=\"https:\/\/enterprise.press\/stories\/2019\/02\/24\/gafi-agrees-to-set-up-aswan-freezone-to-attract-usd-2-1-bn-investments\/\">another mixed-use SEZ in Aswan<\/a>, the <a href=\"https:\/\/enterprise.press\/stories\/2017\/10\/25\/investment-ministry-looks-at-opening-textiles-freezone-in-minya\/\">Minya textiles SEZ<\/a>, a zone in Giza\u2019s El Herafyeen dedicated to making electronics, and another one in Kafr El Sheikh specialized in petrochemicals and plastic.<\/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\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/other-business-news-of-note\/\">Other Business News of Note<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"596557\" 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=\"596557\">\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\">Egypt Politics + Economics<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/01\/el-sisi-ratifies-egypts-fy2019-2020-budget\/\">\r\n                            El Sisi ratifies Egypt\u2019s FY2019-2020 budget                        <\/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\/07\/01\/el-sisi-ratifies-egypts-fy2019-2020-budget\/\" 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\/07\/01\/el-sisi-ratifies-egypts-fy2019-2020-budget\/')\">\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\/07\/01\/el-sisi-ratifies-egypts-fy2019-2020-budget\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=El Sisi ratifies Egypt\u2019s FY2019-2020 budget&url=https:\/\/enterpriseam.com\/egypt\/2019\/07\/01\/el-sisi-ratifies-egypts-fy2019-2020-budget\/\">\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\/07\/01\/el-sisi-ratifies-egypts-fy2019-2020-budget\/&title=El Sisi ratifies Egypt\u2019s FY2019-2020 budget\">\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+ratifies+Egypt%E2%80%99s+FY2019-2020+budget+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F07%2F01%2Fel-sisi-ratifies-egypts-fy2019-2020-budget%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\/07\/01\/el-sisi-ratifies-egypts-fy2019-2020-budget\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596557\" class=\"content-area-description single-story post-596557 post type-post status-publish format-standard hentry category-egypt-politics-economics tag-abdel-fattah-el-sisi tag-egypt-politics-economics tag-enterpriseam tag-state-budget wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>President Abdel Fattah El Sisi ratified the FY2019-2020 state budget, <a href=\"http:\/\/www.alamiria.com\/ar-eg\/archiving-service\/Pages\/decision-details.aspx?decisionID=132548\">according to the Official Gazette<\/a>. The House of Representatives had passed the budget <a href=\"https:\/\/enterprise.press\/stories\/2019\/06\/25\/house-approves-fy2019-2020-state-budget\/\">last week<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-politics-economics\/\">Egypt Politics + Economics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/state-budget\/\">state budget<\/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=\"596558\" 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=\"596558\">\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\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/01\/historical-palace-cinema-in-garden-reopens-after-renovation\/\">\r\n                            Historical Palace Cinema in Garden reopens after renovation                        <\/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\/07\/01\/historical-palace-cinema-in-garden-reopens-after-renovation\/\" 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\/07\/01\/historical-palace-cinema-in-garden-reopens-after-renovation\/')\">\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\/07\/01\/historical-palace-cinema-in-garden-reopens-after-renovation\/\">\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=Historical Palace Cinema in Garden reopens after renovation&url=https:\/\/enterpriseam.com\/egypt\/2019\/07\/01\/historical-palace-cinema-in-garden-reopens-after-renovation\/\">\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\/07\/01\/historical-palace-cinema-in-garden-reopens-after-renovation\/&title=Historical Palace Cinema in Garden reopens after renovation\">\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=Historical+Palace+Cinema+in+Garden+reopens+after+renovation+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F07%2F01%2Fhistorical-palace-cinema-in-garden-reopens-after-renovation%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\/07\/01\/historical-palace-cinema-in-garden-reopens-after-renovation\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596558\" class=\"content-area-description single-story post-596558 post type-post status-publish format-standard hentry category-on-your-way-out tag-art tag-culture tag-enterpriseam tag-history wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>The Culture Ministry reopened the Garden City Cinema in Heliopolis<\/b> last Thursday after a three-year hiatus, <a href=\"https:\/\/aawsat.com\/home\/article\/1787851\/%D8%A7%D9%81%D8%AA%D8%AA%D8%A7%D8%AD-%C2%AB%D9%82%D8%B5%D8%B1-%D8%A7%D9%84%D8%B3%D9%8A%D9%86%D9%85%D8%A7%C2%BB-%D8%A8%D8%A7%D9%84%D9%82%D8%A7%D9%87%D8%B1%D8%A9-%D8%A8%D8%B9%D8%AF-%D8%AA%D8%AC%D8%AF%D9%8A%D8%AF%D9%87\">Asharq Alawsat reports<\/a>. Established in 1989, the palace was renovated as part of plans to restore historical sites in the capital. Exhibitions and workshops are planned to take place at the site.<\/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\/art\/\">art<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/culture\/\">culture<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/history\/\">History<\/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=\"596560\" 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=\"596560\">\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\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/01\/the-market-yesterday-320\/\">\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\/07\/01\/the-market-yesterday-320\/\" 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\/07\/01\/the-market-yesterday-320\/')\">\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\/07\/01\/the-market-yesterday-320\/\">\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\/07\/01\/the-market-yesterday-320\/\">\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\/07\/01\/the-market-yesterday-320\/&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%2F07%2F01%2Fthe-market-yesterday-320%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\/07\/01\/the-market-yesterday-320\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596560\" class=\"content-area-description single-story post-596560 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 16.64 | Sell 16.77<b><\/p>\n<p> EGP \/ USD at CIB:<\/b> Buy 16.64 | Sell 16.74<\/p>\n<p> <b>EGP \/ USD at NBE: <\/b>Buy 16.65 | Sell 16.75<\/p>\n<p><b>EGX30<\/b> (Thursday): 14,100.74 (+0.67%)<\/p>\n<p> <b>Turnover:<\/b> EGP 1,116 mn (58% above the 90-day average)<\/p>\n<p> <b>EGX 30 year-to-date<\/b>: +8.2%<\/p>\n<p><b>THE MARKET ON THURSDAY:<\/b> The EGX30 ended Thursday\u2019s session up 0.67%. CIB, the index heaviest constituent ended down 0.3%. EGX30\u2019s top performing constituents were Qalaa Holdings up 5.8%, Sawa Capital up 5.8%, and Orascom Investment Holding up 5.7%. Thursday\u2019s worst performing stocks were Egypt Kuwait Holding down 0.8%, CIB down 0.3% and Arab Cotton Ginning down 0.2%. The market turnover was EGP 1116 mn, and local investors were the sole net buyers.<\/p>\n<p><b>Foreigners<\/b>: Net short | EGP -19.7 mn<\/p>\n<p> <b>Regional<\/b>: Net short | EGP -119.3 mn<\/p>\n<p> <b>Domestic<\/b>: Net long | EGP +139.0 mn<\/p>\n<p><b>Retail<\/b>: 59.7% of total trades | 63.7% of buyers | 55.8% of sellers<\/p>\n<p> <b>Institutions<\/b>: 40.3% of total trades | 36.3% of buyers | 44.2% of sellers<\/p>\n<p><b>WTI:<\/b> USD 58.47 (-1.62%)<\/p>\n<p> <b>Brent:<\/b> USD 64.74 (-1.42%)<\/p>\n<p><b>Natural Gas<\/b> (Nymex, futures prices) USD 2.31 MMBtu, (-0.69%, Aug 2019 contract)<\/p>\n<p> <b>Gold:<\/b> USD 1,413.70 \/ troy ounce (+0.12%)<\/p>\n<p><b>TASI:<\/b> 8,851.27 (+0.62%) (YTD: +13.19%)<\/p>\n<p> <b>ADX:<\/b> 4,979.95 (-0.24%) (YTD: +1.32%)<\/p>\n<p> <b>DFM:<\/b> 2,658.63 (+1.24%) (YTD: +5.09%)<\/p>\n<p> <b>KSE Premier Market:<\/b> 6,377.02 (+0.29%)<\/p>\n<p> <b>QE:<\/b> 10,482.85 (+0.37%) (YTD: +1.79%)<\/p>\n<p> <b>MSM:<\/b> 3,884.91 (-0.16%) (YTD: -10.15%)<\/p>\n<p> <b>BB: <\/b>1,471.04 (+0.19%) (YTD: +10.00%)<\/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=\"596561\" 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\/07\/01\/596561\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596561\" class=\"content-area-description single-story post-596561 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>July: Customs officials from Egypt and the US will sit down to discuss \u201c<a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=13042019&id=cfde9b1a-02c8-4a68-9157-558560dedc3a\">procedural and administrative matters<\/a>\u201d as part of the <a href=\"https:\/\/ustr.gov\/sites\/default\/files\/U.S.%20-%20Egypt%20TIFA.pdf\">Trade and Investment Framework Agreements (TIFA)<\/a>.<\/p>\n<p>July: The National Railway Authority will launch a tender for the purchase of 100 new locomotives expected to be financed through <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\/\">an agreement<\/a> with the European Bank for Reconstruction and Development (EBRD).<\/p>\n<p>1-2 July (Monday-Tuesday): <a href=\"https:\/\/www.opec.org\/opec_web\/en\/311.htm\">OPEC conference, OPEC and non-OPEC ministerial meeting<\/a>, Vienna, Austria.<\/p>\n<p>2 July (Tuesday): <a href=\"https:\/\/www.amcham.org.eg\/login\/login.asp?ReturnUrl=%2Fcyberlink%2Fevents%2Fregister%2F1214\">AmCham monthly luncheon<\/a>, with Electricity Minister Mohamed Shaker.<\/p>\n<p>2 July (Tuesday): <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/337092\/Egypt\/Politics-\/Egypts-public-business-enterprise-ministry-to-kick.aspx\">A Public Enterprise Ministry-sponsored forum<\/a> on foreign trade to eastern and central Africa.<\/p>\n<p>7 July (Wednesday) The <a href=\"https:\/\/almalnews.com\/7-%D9%8A%D9%88%D9%84%D9%8A%D9%88-%D9%86%D8%B8%D8%B1-%D8%AA%D8%B8%D9%84%D9%85-%D9%85%D8%B3%D8%A7%D9%87%D9%85%D9%8A-%D8%A3%D9%85%D8%B1%D9%8A%D9%83%D8%A7%D9%86%D8%A7-%D9%84%D8%AA%D8%AD\/\">FRA will hear an appeal<\/a> filed by Adeptio AD Investments, the lead shareholder of Egyptian International Tourism Projects Company\u2019s (Americana Egypt), against an order to submit an <a href=\"https:\/\/enterprise.press\/stories\/2019\/03\/17\/adeptio-challenges-egypts-fras-rejection-of-americana-mto-decision-appeal\/\">MTO for Americana<\/a><\/p>\n<p>11 July (Thursday): Central Bank of Egypt\u2019s monetary policy committee will meet to review interest rates.<\/p>\n<p>19-21 July (Friday-Sunday): <a href=\"http:\/\/ledmiddleeast-expo.com\/\">LED Middle East Expo<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>21 July (Sunday): Amer Group and Antaradous Touristic Development will face off in court over a 2014 dispute brought by the Syria-based company for a fallout in their partnership to develop the Porto Tartous tourist resort. The date was postponed from 23 June.<\/p>\n<p>23 July (Tuesday): 23 July revolution anniversary, national holiday.<\/p>\n<p>28 July-02 August (Sunday-Friday): <a href=\"https:\/\/fab15.fabevent.org\/index.html\">Fab15 Conference and Graduation Ceremony<\/a>, TU Berlin, El Gouna, Egypt.<\/p>\n<p>30-31 July (Tuesday-Wednesday): US Federal Open Market Committee will hold its two-day policy meeting to review the interest rate.<\/p>\n<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>03-04 August (Saturday-Sunday): <a href=\"https:\/\/fab15.fabevent.org\/index.html\">Fab15 Festival, Tours, and Conference Closing<\/a>, Greek Campus, Cairo.<\/p>\n<p>7-11 August (Wednesday-Sunday) Eid El Adha (TBC).<\/p>\n<p>22 August (Thursday): Central Bank of Egypt\u2019s monetary policy committee will meet to review interest rates.<\/p>\n<p>28-30 August (Wednesday-Friday): <a href=\"https:\/\/ticad7.city.yokohama.lg.jp\/about\/en\/\">Tokyo International Conference on African Development<\/a> (TICAD), Yokohama, Japan.<\/p>\n<p>29 August (Thursday): Islamic New Year (TBC), national holiday.<\/p>\n<p>September: Cairo will host an Egypt-Hungary business forum, according to a <a href=\"https:\/\/ent.news\/2019\/6\/390.pdf\">Trade Ministry statement (pdf)<\/a><\/p>\n<p>2-4 September (Monday-Wednesday): <a href=\"https:\/\/www.thebig5constructegypt.com\/\">The Big 5 Construct Egypt<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>03-04 September (Tuesday-Wednesday): <a href=\"https:\/\/www.ssonetwork.com\/events-sharedservicesegypt\">Shared Services and Outsourcing Forum Middle East<\/a>, Nile Ritz Carlton, Cairo.<\/p>\n<p>8-11 September (Sunday-Wednesday): <a href=\"https:\/\/www.saharaexpo.com\/en\/home.html\">Sahara Expo<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>9-12 September (Monday-Thursday): The<a href=\"https:\/\/9londonconference.efghermes.com\/pages\/home.aspx\">9th Annual EFG Hermes London Conference<\/a>, Arsenal Emirates Stadium, London.<\/p>\n<p>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>26 September (Thursday): Central Bank of Egypt\u2019s monetary policy committee will meet to review interest rates.<\/p>\n<p>October: <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1405897\">A forum<\/a> will be organized by Russia\u2019s Rosatom and the Nuclear Power Plants Authority to introduce local suppliers and contractors to the Dabaa nuclear plant.<\/p>\n<p>6 October (Sunday): Armed Forces Day, national holiday.<\/p>\n<p>10-13 October (Tuesday-Sunday): <a href=\"http:\/\/biwarabia.com\/en\/\">Big Industrial Week Arabia 2019<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>23-24 October (Wednesday-Thursday): <a href=\"http:\/\/platforms-root-technologies.com\/icec-2019\/\">Intelligent Cities Exhibition & Conference<\/a>, Hilton Heliopolis, Cairo.<\/p>\n<p>23 October-1 November (Wednesday-Friday): CIB PSA Women\u2019s World Championship, Great Pyramid of Giza, Cairo.<\/p>\n<p>24 October (Thursday): <a href=\"http:\/\/en.kremlin.ru\/events\/president\/news\/60592\">Russia-Africa Summit<\/a> to take place in Sochi, co-chaired by Vladimir Putin and President Abdel Fattah El Sisi.<\/p>\n<p>28 October-22 November (Monday-Friday): <a href=\"https:\/\/www.itu.int\/en\/ITU-R\/conferences\/wrc\/2019\/Pages\/default.aspx\">World Radiocommunication Conference 2019<\/a>, Sharm El Sheikh, Egypt.<\/p>\n<p>29-30 October (Tuesday-Wednesday): US Federal Open Market Committee will hold its two-day policy meeting to review the interest rate.<\/p>\n<p>31 October-2 November (Thursday-Saturday): Angel Oasis 2019, organized by the <a href=\"http:\/\/www.mainmena.com\/\">Middle East Angel Investment Network (MAIN)<\/a>, El Gouna, Egypt.<\/p>\n<p>3-5 November (Sunday-Tuesday): <a href=\"https:\/\/www.electricxegypt.com\/en\/Homepage.html\">Electrix 2019<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>9 November (Saturday): Prophet Mohammed's birthday, national holiday.<\/p>\n<p>10-14 November (Sunday-Thursday): <a href=\"https:\/\/geomeast.org\/\">GeoMEast International Congress and Exhibition<\/a>, Marriott, Cairo.<\/p>\n<p>14-17 November (Thursday-Sunday): <a href=\"http:\/\/www.mactech.com.eg\/\">Machtech Expo<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>14-17 November (Thursday-Sunday): <a href=\"http:\/\/www.transpotech-eg.com\/\">Transpotech Expo<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>14-17 November (Thursday-Sunday): <a href=\"http:\/\/www.airtech-eg.com\/\">Airtech Expo<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>November: Suez Canal Conference for Investment, organized in cooperation with the <a href=\"https:\/\/www.youm7.com\/story\/2019\/5\/21\/%D8%B3%D9%81%D9%8A%D8%B1-%D8%A7%D9%84%D8%A7%D8%AA%D8%AD%D8%A7%D8%AF-%D8%A7%D9%84%D8%A3%D9%88%D8%B1%D9%88%D8%A8%D9%89-%D9%86%D9%86%D8%B8%D9%85-%D9%85%D8%B9-%D9%85%D8%B5%D8%B1-%D9%85%D8%A4%D8%AA%D9%85%D8%B1-%D9%82%D9%86%D8%A7%D8%A9-%D8%A7%D9%84%D8%B3%D9%88%D9%8A%D8%B3-%D9%84%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1\/4251626\">European Union<\/a><\/p>\n<p>December: Egypt <a href=\"https:\/\/www.almalnews.com\/Story\/402348\/14\/-%D9%85%D8%B5%D8%B1-%D8%AA%D8%B3%D8%AA%D8%B6%D9%8A%D9%81-%D9%85%D8%B9%D8%B1%D8%B6--%D8%A8%D8%A7%D9%83-%D8%A8%D8%B1%D9%88%D8%B3%D9%8A%D8%B3--%D8%A7%D9%84%D8%B9%D8%A7%D9%85-%D8%A7%D9%84%D9%85%D9%82%D8%A8%D9%84-\">will host for the first time<\/a> the Pack Process trade expo for the Middle East and African region.<\/p>\n<p>3-6 December (Tuesday-Friday): <a href=\"http:\/\/www.cairowoodshow.com\/\">Cairo WoodShow<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>9-11 December (Monday-Wednesday): <a href=\"http:\/\/www.pacprocess-mea.com\/\">Pacprocess Middle East Africa<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>9-11 December (Monday-Wednesday): <a href=\"http:\/\/www.foodafrica-expo.com\/\">Food Africa 2019 Expo<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>10-11 December (Tuesday-Wednesday): US Federal Open Market Committee will hold its two-day policy meeting to review the interest rate.<\/p>\n<p>26 December (Thursday): Central Bank of Egypt\u2019s monetary policy committee will meet to review interest rates.<\/p>\n<p>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 (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 (Wednesday-Thursday): <a href=\"http:\/\/www.megaprojectsconf.com\/\">Mega Projects Conference<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/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":596522,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-596521","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"8bba8362-28a8-40a1-85cc-4843df144257","teaser":"","photo_url":"https:\/\/ent.news\/2016\/12\/145.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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