{"id":596669,"date":"2019-07-04T13:48:43","date_gmt":"2019-07-04T13:48:43","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=596669"},"modified":"2025-12-16T19:26:22","modified_gmt":"2025-12-16T19:26:22","slug":"business-activity-contracted-again-in-june","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/business-activity-contracted-again-in-june\/","title":{"rendered":"Business activity contracted again in June"},"content":{"rendered":"<section id=\"596671\" 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=\"596671\">\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\/04\/what-were-tracking-on-4-july-2019\/\">\r\n                            What we\u2019re tracking on 4 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\/04\/what-were-tracking-on-4-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(); 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MPs were originally due to begin their three-month holiday at the end of June, but our sources tell us that the legislative session has been extended in order to vote on legislation yet to make its way to the House.<\/p><p><b>The PMI results are in \u2014 and we saw a marginal improvement from the previous month.<\/b> Non-oil business activity continued to contract in June, but at a slightly slower rate than the month prior. We have chapter and verse in this morning\u2019s Speed Round, below.<\/p><p><b>Finance Minister Mohamed Maait is in Napoli, Italy today to participate in the <\/b><a href=\"http:\/\/www.febaf.it\/eumedinvestmentforum\/\"><b>Euro-Mediterranean Investment Forum<\/b><\/a>, <a href=\"http:\/\/www.mof.gov.eg\/Arabic\/MOFNews\/Media\/Pages\/release3-7-2019.aspx\">according to a ministry statement<\/a>. Maait is expected to meet with Italian Finance Minister Giovanni Tria and Intesa Sanpaolo Chairman Gian Maria Gros-Pietro, among other officials, on the sidelines of the forum.<\/p><p>Keep your eyes on these news triggers over the coming days:<\/p><ul>\n<li><b>Foreign reserves:<\/b> The CBE is expected to release net foreign reserve figures for June today.<\/li>\n<li><b>Inflation:<\/b> Monthly inflation figures are due out next week.<\/li>\n<li><b>Interest rate day: <\/b>The central bank\u2019s Monetary Policy Committee is due to meet next Thursday, 11 July, to review interest rates. <\/li>\n<\/ul><hr class=\"grey-line\"><p><b>Afcon\u2019s round of 16 kicks off tomorrow<\/b> with Morocco playing against Benin at 6 pm CLT at Al Salam Stadium, followed by Uganda vs. Senegal at 9 pm.<\/p><p><b>Egypt, meanwhile, will be up against South Africa on Saturday<\/b> at 9 pm CLT at Cairo International Stadium. <a href=\"https:\/\/www.instagram.com\/p\/BzbllItAlO5\/?igshid=120xscwgef9ox\">By the looks of it<\/a>, the winners will take on either Nigeria or Cameroon in the quarter finals. You can find the <a href=\"https:\/\/www.cafonline.com\/total-africa-cup-of-nations\/news\/head-to-head-afcon-meetings-2019-afcon-round-of-16\">full round of 16 fixtures here<\/a>.<\/p><hr class=\"grey-line\"><p><b>Another sign The Donald is pushing to control US monetary policy? <\/b>US President Donald Trump is planning to nominate two new Fed governors likely sharing his dovish monetary policy beliefs, <a href=\"https:\/\/apnews.com\/d0a5e03b4edc45e1aca201daef6e8e3b\">according to the Associated Press<\/a>. Trump said in a tweet on Tuesday that he plans to send Judy Shelton and Christopher Waller\u2019s names to the Senate. Shelton, who has recently made clear her leaning toward accommodative policy, and Waller, whose stance is likely accommodative but is much less clear, are Donald\u2019s latest attempts to \u201c<a href=\"https:\/\/www.cnbc.com\/2019\/07\/03\/trump-looks-to-waller-shelton-to-take-control-of-the-fed.html\">bring two dovish votes<\/a>\u201d to the Fed.<\/p><p><b>Trump has been outwardly critical of the Fed\u2019s neutral and restrictive policies <\/b>as of late, arguing that Jerome Powell\u2019s four rate hikes last year and reluctance to ease this year are stifling economic growth and depressing stocks.<\/p><p><b>Why have assets risen across the board so far in 2019?<\/b> Market addiction to easy money, markets sage Mohamed El Erian suggests in a <a href=\"https:\/\/www.bloomberg.com\/opinion\/articles\/2019-07-01\/many-asset-classes-look-like-winners-in-2019-so-investors-beware\">Bloomberg opinion piece<\/a>. The signals of further stimulus put out by the world\u2019s key central banks have resulted in an abnormal rally among asset classes on opposite poles of the risk spectrum: Long-term US treasuries and high-yielding emerging-market bonds, gold, and bitcoin. Despite the ominous backdrop of intensifying trade conflict, global slowdown and geopolitical tensions, assets across the board have risen in the hope of fresh stimulus measures.<\/p><p><b>This raises deeper questions about the strength of the economic fundamentals.<\/b> Optimists point to the US labor market and the growing impact of technology on supply to suggest that the economy has finally ended its reliance on central bank liquidity, and has begun to experience genuine growth. However, a long list of uncertainties is accompanying the ongoing rally, signifying that the economic and corporate fundamentals are not as stable as the optimists would have us believe. \u201cSuch belief is yet to be warranted by developments on the ground,\u201d El Erian writes. \u201cProspects remain not just fluid but also unusually uncertain.\u201d<\/p><hr class=\"grey-line\"><p>In global miscellany this morning:<\/p><ul>\n<li><b>Hassan Rouhani has threatened to increase Iran\u2019s enrichment of uranium<\/b> to \u201cany amount that we want\u201d starting Sunday, <a href=\"https:\/\/apnews.com\/72cd54bb267f497697c2d54f207462ad\">according to the Associated Press<\/a>. Tehran had intentionally breached the 2015 nuclear agreement earlier this week by exceeding the agreed-upon limit of enriched uranium to persuade the EU to offer a way around US oil sanctions.<\/li>\n<li><b>An air strike on a Tripoli migrant detention center killed 40 and injured at least 80 <\/b>on Tuesday evening. Libyan National Army chief Gen. Khalifa Haftar has accused government forces of the attack, <a href=\"https:\/\/www.bbc.com\/news\/world-africa-48849595\">the BBC reports<\/a>.<\/li>\n<li><b>White House advisor Jared Kushner\u2019s latest attempt to bring the Palestinians to the negotiating table<\/b> for the US\u2019 Middle East peace plan: Telling reporters that Donald Trump is \u201cvery fond\u201d of Palestinian Authority President Mahmoud Abbas, who doesn\u2019t seem to reciprocate, <a href=\"https:\/\/www.reuters.com\/article\/us-israel-palestinians-plan\/trump-very-fond-of-palestines-abbas-willing-to-engage-on-peace-plan-kushner-idUSKCN1TY1XM\">according to Reuters<\/a>.<\/li>\n<\/ul>\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\/african-union\/\">African Union<\/a>\n          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<\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"596673\" 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=\"596673\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/04\/egypts-talking-heads-discuss-funding-for-social-safety-facebook-instagram-whatsapp-glitches\/\">\r\n                            Egypt\u2019s talking heads discuss funding for social safety; Facebook, Instagram, WhatsApp glitches                        <\/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\/04\/egypts-talking-heads-discuss-funding-for-social-safety-facebook-instagram-whatsapp-glitches\/\" 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\/04\/egypts-talking-heads-discuss-funding-for-social-safety-facebook-instagram-whatsapp-glitches\/')\">\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\/04\/egypts-talking-heads-discuss-funding-for-social-safety-facebook-instagram-whatsapp-glitches\/\">\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 talking heads discuss funding for social safety; Facebook, Instagram, WhatsApp glitches&url=https:\/\/enterpriseam.com\/egypt\/2019\/07\/04\/egypts-talking-heads-discuss-funding-for-social-safety-facebook-instagram-whatsapp-glitches\/\">\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\/04\/egypts-talking-heads-discuss-funding-for-social-safety-facebook-instagram-whatsapp-glitches\/&title=Egypt\u2019s talking heads discuss funding for social safety; Facebook, Instagram, WhatsApp glitches\">\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+talking+heads+discuss+funding+for+social+safety%3B+Facebook%2C+Instagram%2C+WhatsApp+glitches+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F07%2F04%2Fegypts-talking-heads-discuss-funding-for-social-safety-facebook-instagram-whatsapp-glitches%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\/04\/egypts-talking-heads-discuss-funding-for-social-safety-facebook-instagram-whatsapp-glitches\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596673\" class=\"content-area-description single-story post-596673 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-enterprise-last-nights-talk-shows tag-enterpriseam tag-finance tag-social-media tag-social-welfare tag-world-bank wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>The nation\u2019s talking heads didn\u2019t have much to keep them occupied last night<\/b> beyond the World Bank\u2019s recent approval of a USD 500 mn financing package for Egypt\u2019s social safety net and yesterday\u2019s disruption of Facebook, WhatsApp, and Instagram.<\/p>\n<p><b>Funding for social safety: <\/b>Al Hayah Al Youm\u2019s Khaled Abu Bakr highlighted the <a href=\"https:\/\/enterprise.press\/stories\/2019\/07\/03\/world-bank-approves-usd-500-mn-loan-to-support-egypts-cash-subsidy-programs\/\">World Bank\u2019s recent approval<\/a> of a USD 500 mn facility to extend for three years a program to support Egypt\u2019s social safety net (<a href=\"https:\/\/www.youtube.com\/watch?v=J_JlxHI52qg\">watch, runtime: 5:58<\/a>).<\/p>\n<p><b>Social media glitches: <\/b>Facebook issued a statement yesterday after many users around the world reported experiencing issues using the group\u2019s social media platforms, including WhatsApp and Instagram, Masaa DMC\u2019s Osama Kamal highlighted (<a href=\"https:\/\/www.youtube.com\/watch?v=bJI59sjPXCQ\">watch, runtime: 2:17<\/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\/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\/finance\/\">Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/social-media\/\">social media<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/social-welfare\/\">social welfare<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-bank\/\">World Bank<\/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=\"596674\" 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=\"596674\">\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\/04\/non-oil-business-activity-continues-to-contract-in-june\/\">\r\n                            Non-oil business activity continues to contract in June                        <\/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       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href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2019\/07\/04\/non-oil-business-activity-continues-to-contract-in-june\/\">\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=Non-oil business activity continues to contract in June&url=https:\/\/enterpriseam.com\/egypt\/2019\/07\/04\/non-oil-business-activity-continues-to-contract-in-june\/\">\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\/04\/non-oil-business-activity-continues-to-contract-in-june\/&title=Non-oil business activity continues to contract in June\">\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=Non-oil+business+activity+continues+to+contract+in+June+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F07%2F04%2Fnon-oil-business-activity-continues-to-contract-in-june%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\/04\/non-oil-business-activity-continues-to-contract-in-june\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/2\/120.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"596675\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/04\/non-oil-business-activity-continues-to-contract-in-june\/120-jpg-21\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/2\/120.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"120.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/2\/120.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/2\/120.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596674\" class=\"content-area-description single-story post-596674 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round tag-economy tag-enterpriseam tag-macroeconomic tag-pmi 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>Non-oil business activity continues to contract in June:<\/b> Falling demand caused non-oil business activity to contract for the second consecutive month in June, according to the <a href=\"http:\/\/enterprise.press\/wp-content\/uploads\/2019\/07\/Egypt-PMI-Jun19.pdf\">Markit \/ Emirates NBD PMI gauge (pdf)<\/a>. The latest purchasing managers\u2019 index rose slightly to 49.2 last month from 48.2 in May, indicating a \u201csofter deterioration in business conditions,\u201d as businesses reported a slowdown in demand from local and international customers, causing a drop in new orders \u2014 albeit at a slightly slower rate than in May. Business conditions had <a href=\"https:\/\/enterprise.press\/stories\/2019\/06\/11\/egypts-non-oil-business-activity-falls-back-into-contraction-territory-in-may\/\">worsened in May<\/a> as declining tourism activity contributed to a fall in new orders. A figure above 50.0 indicates that business activity is expanding while a reading below this shows contraction. <a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL4N24232X\">Reuters also took note<\/a> of the latest reading.<\/p>\n<p><b>Output continues to decline but shows signs of life:<\/b> Output saw \u201csubstantial improvements\u201d last month, said Daniel Richards, MENA economist at Emirates NBD, despite remaining in contraction territory. Just 11% of survey respondents reported a decline in output and 10% increased output. Businesses also remain confident about their prospects over the next 12 months, with 25% of respondents predicting an improvement in conditions versus just 3% expecting them to worsen.<\/p>\n<p><b>Businesses hold selling prices as input prices slow:<\/b> Many companies chose to keep their selling prices on hold in a bid to lift sales, after two consecutive months of price cuts. This was likely helped by input prices growing at the second-slowest rate on record last month, providing a reprieve to businesses whose margins will likely be squeezed by rising fuel and energy prices that will follow the latest round of subsidy cuts.<\/p>\n<p><b>EGP appreciation drives confidence to five-month low:<\/b> Some businesses voiced concern about the impact of <a href=\"https:\/\/enterprise.press\/stories\/2019\/06\/11\/the-question-on-everyones-lips-where-is-the-egp-heading\/\">the recent appreciation of the EGP<\/a> on new contracts, pushing confidence to new five-month lows. The strengthening of the currency could \u201cpotentially pose a challenge to export-oriented businesses\u201d in the months ahead, Richards said.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/macroeconomic\/\">macroeconomic<\/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\/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=\"596693\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"596694\" 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=\"596694\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/04\/human-rights-in-egypt-are-back-in-the-news\/\">\r\n                            Human rights in Egypt are back in the news                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/04\/human-rights-in-egypt-are-back-in-the-news\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2019\/07\/04\/human-rights-in-egypt-are-back-in-the-news\/')\">\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\/04\/human-rights-in-egypt-are-back-in-the-news\/\">\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=Human rights in Egypt are back in the news&url=https:\/\/enterpriseam.com\/egypt\/2019\/07\/04\/human-rights-in-egypt-are-back-in-the-news\/\">\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\/04\/human-rights-in-egypt-are-back-in-the-news\/&title=Human rights in Egypt are back in the news\">\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=Human+rights+in+Egypt+are+back+in+the+news+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F07%2F04%2Fhuman-rights-in-egypt-are-back-in-the-news%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\/04\/human-rights-in-egypt-are-back-in-the-news\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596694\" class=\"content-area-description single-story post-596694 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-amnesty-international tag-archaeology tag-egypt-in-the-news tag-enterpriseam tag-human-rights tag-nubia tag-population-growth tag-sudan wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>Human rights are once again the talk of the foreign press this morning:<\/b> Although Egypt\u2019s economic growth since 2014 has been double our population growth, <a href=\"https:\/\/in.reuters.com\/article\/us-africa-economy-breakingviews\/breakingviews-africa-growth-outlook-puts-democrats-on-back-foot-idINKCN1TY1GX\">Ed Cropley argues in an opinion piece for Reuters<\/a> that we should not fall prey to the cause of \u201cthe African strongman.\u201d Meanwhile, parallels once again are being drawn between Egypt and Sudan, where Egyptians in exile are being reminded of \u201cevents in their own country, even if there are some clear differences,\u201d <a href=\"https:\/\/www.france24.com\/en\/20190703-sudan-revolt-deja-vu-egyptians-driven-out-repression\">AFP reports<\/a>. Elsewhere, <a href=\"http:\/\/www.amnesty.org.uk\/press-releases\/egypt-authorities-trying-legalise-repression-new-report\">Amnesty International<\/a> is once again accusing Egypt\u2019s authorities of trying to \u2018legalize\u2019 repression since the fall of former President Mohamed Morsi.<\/p>\n<p>Other stories worth a moment of your time:<\/p>\n<ul>\n<li><b>Some of the mysteries of a Nubian pharaoh\u2019s 2300-year old pyramid are laid bare<\/b> in a daring underwater expedition. Archaeologist Kristin Romey describes the journey in <a href=\"https:\/\/www.nationalgeographic.co.uk\/history-and-civilisation\/2019\/07\/dive-beneath-the-pyramids-egypts-black-pharaohs\">National Geographic<\/a>. <\/li>\n<li><b>Reviving the classical: <\/b>Egyptian singer Mohamed Mohsen is among a host of other young talents seeking inspiration from the good old days, <a href=\"https:\/\/www.thenational.ae\/arts-culture\/film\/eight-new-arab-film-makers-join-oscars-academy-1.881866\">the National writes<\/a>.<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/amnesty-international\/\">Amnesty International<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/archaeology\/\">archaeology<\/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\/human-rights\/\">human rights<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/nubia\/\">Nubia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/population-growth\/\">population growth<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sudan\/\">Sudan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"596695\" 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=\"596695\">\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\">ON THE FRONT PAGES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/04\/egypts-el-sisis-diplomatic-meetings-top-state-owned-front-pages\/\">\r\n                            Egypt\u2019s El Sisi\u2019s diplomatic meetings top 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\/04\/egypts-el-sisis-diplomatic-meetings-top-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\/04\/egypts-el-sisis-diplomatic-meetings-top-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\/04\/egypts-el-sisis-diplomatic-meetings-top-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=Egypt\u2019s El Sisi\u2019s diplomatic meetings top state-owned front pages&url=https:\/\/enterpriseam.com\/egypt\/2019\/07\/04\/egypts-el-sisis-diplomatic-meetings-top-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\/04\/egypts-el-sisis-diplomatic-meetings-top-state-owned-front-pages\/&title=Egypt\u2019s El Sisi\u2019s diplomatic meetings top 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=Egypt%E2%80%99s+El+Sisi%E2%80%99s+diplomatic+meetings+top+state-owned+front+pages+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F07%2F04%2Fegypts-el-sisis-diplomatic-meetings-top-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\/04\/egypts-el-sisis-diplomatic-meetings-top-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-596695\" class=\"content-area-description single-story post-596695 post type-post status-publish format-standard hentry category-on-the-front-pages tag-abdel-fattah-el-sisi tag-diplomacy tag-enterpriseam tag-on-the-front-pages tag-palestine wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>El Sisi\u2019s diplomatic meetings top state-owned front pages: <\/b>President Abdel Fattah El Sisi\u2019s <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/641667749685942?__xts__%5b0%5d=68.ARBGhuDfTSjD0jnwdyNocm1Mwuapi7074-CWLf-jiRW3590OPFXwHd-H0Lieg4lS0vVR24L9kD4YLjCjwpQ79Yo_DGn5mG6hottNWzKWzpMJOchCaAGV0qj-XJiY4jUyvmf1qWNkl7s9rPOUNHBJZ-JTJr2bdPm4HqFO_kAJZg55GeNxUUGjVpQi89Aov55zG_s0QNIi6d6zvCjg4kGGt0ouG0VyEjE5QyyfRLiQBt1ZuwioiOFeTtEhfezcSFAVooGILcbsffD7n3FpX3ffB8qO-pNHQNDa1zjM9qZAHngfREJYtij_nNt2WOqHR45h9pliThVWFkd3LyuwOLY4Oa3to2WwcklbEKkGQ5TtgIJdya80vE9aVqM8OmejGgsm2YJMJKMqUT-BQV47-9ABwQ4GI0IG-tvKjbuqFoHySNw0orHuwXKcgAzoaAvPEBVKWyETUWU0ps9uOgSvJBt5qctvv7PaI8trywmGpBogetP-A5hgFNs&__tn__=-R\">meeting with UN General Assembly President<\/a> Mar\u00eda Fernanda Espinosa and <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/641668213019229\">his statements<\/a> in a separate meeting with US Senator Lindsey Graham about the Palestinian peace plan topped the front page of state-owned <a href=\"https:\/\/www.pressreader.com\/egypt\/al-akhbar\">Al Akhbar<\/a>. We have more on the latter meeting in Diplomacy + Foreign Trade, below. Both Al Ahram and Al Gomhuria\u2019s websites were still down this morning.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/palestine\/\">Palestine<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"596696\" 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=\"596696\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">Worth watching<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/04\/turki-al-sheikhs-turbulent-tenure-in-egyptian-football\/\">\r\n                            Turki Al Sheikh\u2019s turbulent tenure in Egyptian football                        <\/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\/04\/turki-al-sheikhs-turbulent-tenure-in-egyptian-football\/\" 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\/04\/turki-al-sheikhs-turbulent-tenure-in-egyptian-football\/')\">\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\/04\/turki-al-sheikhs-turbulent-tenure-in-egyptian-football\/\">\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=Turki Al Sheikh\u2019s turbulent tenure in Egyptian football&url=https:\/\/enterpriseam.com\/egypt\/2019\/07\/04\/turki-al-sheikhs-turbulent-tenure-in-egyptian-football\/\">\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\/04\/turki-al-sheikhs-turbulent-tenure-in-egyptian-football\/&title=Turki Al Sheikh\u2019s turbulent tenure in Egyptian football\">\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=Turki+Al+Sheikh%E2%80%99s+turbulent+tenure+in+Egyptian+football+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F07%2F04%2Fturki-al-sheikhs-turbulent-tenure-in-egyptian-football%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\/04\/turki-al-sheikhs-turbulent-tenure-in-egyptian-football\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/7\/1428.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"596697\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/04\/turki-al-sheikhs-turbulent-tenure-in-egyptian-football\/1428-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/7\/1428.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1428.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/7\/1428.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/7\/1428.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596696\" class=\"content-area-description single-story post-596696 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-watching tag-enterpriseam tag-pyramids-fc tag-saudi-arabia tag-worth-watching wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>Turki Al Sheikh\u2019s turbulent tenure in Egyptian football:<\/b> This video courtesy of Tifo Football (<a href=\"https:\/\/www.youtube.com\/watch?v=wnVQf2SaiqY\">watch, runtime: 9:29<\/a>) tells the story of Turki Al Sheikh\u2019s venture into Egyptian football (or at least part of the saga). Head of the Saudi General Sports Authority, Al Sheikh was made Al Ahly\u2019s honorary chairman in return for propping up the club financially. But his decision to persuade Argentinian coach Ramon Diaz to sign for Saudi club Al Ittihad over Al Ahly caused a rupture with the club\u2019s board and fans, leading to Al Sheikh leaving the club. Enter Pyramids FC. Thoroughly annoyed with how the Ahlawys had treated him, Al Sheikh bought Al Assiouty, moved the club to Cairo, spent EUR 40 mn on Brazilian footballers and paid a group of people to become \u201cfans.\u201d<\/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\/pyramids-fc\/\">Pyramids FC<\/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\/worth-watching\/\">worth watching<\/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=\"596698\" 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=\"596698\">\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\/04\/egypt-signs-several-cooperation-protocols-to-strengthen-relations\/\">\r\n                            Egypt signs several cooperation protocols to strengthen relations                        <\/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\/04\/egypt-signs-several-cooperation-protocols-to-strengthen-relations\/\" 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\/04\/egypt-signs-several-cooperation-protocols-to-strengthen-relations\/')\">\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\/04\/egypt-signs-several-cooperation-protocols-to-strengthen-relations\/\">\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 signs several cooperation protocols to strengthen relations&url=https:\/\/enterpriseam.com\/egypt\/2019\/07\/04\/egypt-signs-several-cooperation-protocols-to-strengthen-relations\/\">\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\/04\/egypt-signs-several-cooperation-protocols-to-strengthen-relations\/&title=Egypt signs several cooperation protocols to strengthen relations\">\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+signs+several+cooperation+protocols+to+strengthen+relations+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F07%2F04%2Fegypt-signs-several-cooperation-protocols-to-strengthen-relations%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\/04\/egypt-signs-several-cooperation-protocols-to-strengthen-relations\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596698\" class=\"content-area-description single-story post-596698 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-diplomacy tag-diplomacy-foreign-trade tag-enterpriseam tag-jordan tag-politics wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>Egypt signed with Jordan yesterday a number of cooperation protocols<\/b> in various fields, including investment, trade, and ports, the cabinet <a href=\"http:\/\/www.cabinet.gov.eg\/Arabic\/MediaCenter\/CabinetNews\/Pages\/signing-of-a-number-of-cooperation-between-Egypt-and-Jordan-protocols.aspx\">said in a statement<\/a> following a meeting between Prime Minister Moustafa Madbouly and his Jordanian counterpart Amr Razzaz.<\/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\/diplomacy-foreign-trade\/\">Diplomacy + Foreign Trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/jordan\/\">Jordan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/politics\/\">politics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"596700\" 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=\"596700\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">Basic Materials + Commodities<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/04\/egyptian-agricultural-exports-value-falls-1-5-in-nine-months-to-may-2019\/\">\r\n                            Egyptian agricultural exports value falls 1.5% in nine months to May 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\/04\/egyptian-agricultural-exports-value-falls-1-5-in-nine-months-to-may-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\/04\/egyptian-agricultural-exports-value-falls-1-5-in-nine-months-to-may-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\/04\/egyptian-agricultural-exports-value-falls-1-5-in-nine-months-to-may-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=Egyptian agricultural exports value falls 1.5% in nine months to May 2019&url=https:\/\/enterpriseam.com\/egypt\/2019\/07\/04\/egyptian-agricultural-exports-value-falls-1-5-in-nine-months-to-may-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\/04\/egyptian-agricultural-exports-value-falls-1-5-in-nine-months-to-may-2019\/&title=Egyptian agricultural exports value falls 1.5% in nine months to May 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=Egyptian+agricultural+exports+value+falls+1.5%25+in+nine+months+to+May+2019+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F07%2F04%2Fegyptian-agricultural-exports-value-falls-1-5-in-nine-months-to-may-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\/04\/egyptian-agricultural-exports-value-falls-1-5-in-nine-months-to-may-2019\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596700\" class=\"content-area-description single-story post-596700 post type-post status-publish format-standard hentry category-basic-materials-commodities tag-agriculture tag-basic-materials-commodities tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The value of Egyptian agricultural exports fell to USD 1.84 bn in the nine months to May 2019, a 1.5% y-o-y drop from USD 1.87 bn during the same period a year earlier, according to an Agricultural Exports Council report <a href=\"https:\/\/alborsaanews.com\/2019\/07\/03\/1220439\">picked up by the local press<\/a>. Egypt exported 3.84 mn tonnes of agricultural products during the period, a 6.2% increase from last year. Citrus products made up 46% of exports, and Arab countries were the biggest customers, comprising 33% of the total value of exported products.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/agriculture\/\">agriculture<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/basic-materials-commodities\/\">Basic Materials + Commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"596701\" 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=\"596701\">\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\">Automotive + Transportation<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/04\/siemens-makes-offer-in-tender-to-supply-egypt-with-100-new-railway-cars\/\">\r\n                            Siemens makes offer in tender to supply Egypt with 100 new railway cars                        <\/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\/04\/siemens-makes-offer-in-tender-to-supply-egypt-with-100-new-railway-cars\/\" 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\/04\/siemens-makes-offer-in-tender-to-supply-egypt-with-100-new-railway-cars\/')\">\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\/04\/siemens-makes-offer-in-tender-to-supply-egypt-with-100-new-railway-cars\/\">\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=Siemens makes offer in tender to supply Egypt with 100 new railway cars&url=https:\/\/enterpriseam.com\/egypt\/2019\/07\/04\/siemens-makes-offer-in-tender-to-supply-egypt-with-100-new-railway-cars\/\">\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\/04\/siemens-makes-offer-in-tender-to-supply-egypt-with-100-new-railway-cars\/&title=Siemens makes offer in tender to supply Egypt with 100 new railway cars\">\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=Siemens+makes+offer+in+tender+to+supply+Egypt+with+100+new+railway+cars+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F07%2F04%2Fsiemens-makes-offer-in-tender-to-supply-egypt-with-100-new-railway-cars%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\/04\/siemens-makes-offer-in-tender-to-supply-egypt-with-100-new-railway-cars\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596701\" class=\"content-area-description single-story post-596701 post type-post status-publish format-standard hentry category-automotive-transportation tag-automotive tag-automotive-transportation tag-enterpriseam tag-siemens tag-transport wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Siemens has expressed interest in supplying Egypt with 100 new railway cars, the <a href=\"http:\/\/sis.gov.eg\/Story\/191944\/%D9%88%D8%B2%D9%8A%D8%B1-%D8%A7%D9%84%D9%86%D9%82%D9%84-%D9%8A%D9%84%D8%AA%D9%82%D9%8A-%D9%88%D9%81%D8%AF-%D8%B4%D8%B1%D9%83%D8%A9-%D8%B3%D9%8A%D9%85%D9%86%D8%B3-%D9%84%D8%A8%D8%AD%D8%AB-%D8%A5%D9%85%D9%83%D8%A7%D9%86%D9%8A%D8%A9-%D8%A7%D9%84%D8%AA%D8%B9%D8%A7%D9%88%D9%86-%D9%81%D9%8A-%D8%A7%D9%84%D9%81%D8%B1%D8%B5-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1%D9%8A%D8%A9-%D8%A7%D9%84%D9%85%D8%AE%D8%AA%D9%84%D9%81%D8%A9-%D9%81%D9%8A-%D9%85%D8%AC%D8%A7%D9%84-%D8%A7%D9%84%D8%B3%D9%83%D9%83-%D8%A7%D9%84%D8%AD%D8%AF%D9%8A%D8%AF%D9%8A%D8%A9?lang=ar\">Transport Ministry said<\/a> in a statement following a meeting between minister Kamel El Wazir and a delegation from the company. El Wazir said the ministry is considering offers from a number of other companies, but not disclose them. The German conglomerate <a href=\"https:\/\/enterprise.press\/stories\/2019\/06\/26\/govt-talks-railways-renewable-energy-with-siemens-on-second-day-of-ministerial-visit-to-berlin\/\">told Prime Minister Moustafa Madbouly<\/a> last month that it was interested in working with the government to upgrade its railway infrastructure, and that it is willing to begin manufacturing locomotives in Egypt within the next five years.<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/siemens\/\">Siemens<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/transport\/\">transport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"596702\" 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=\"596702\">\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\">Banking + Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/04\/bdc-obtains-usd-30-mn-loan-from-kuwait-fund\/\">\r\n                            BdC obtains USD 30 mn loan from Kuwait Fund                        <\/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\/04\/bdc-obtains-usd-30-mn-loan-from-kuwait-fund\/\" 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\/04\/bdc-obtains-usd-30-mn-loan-from-kuwait-fund\/')\">\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\/04\/bdc-obtains-usd-30-mn-loan-from-kuwait-fund\/\">\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=BdC obtains USD 30 mn loan from Kuwait Fund&url=https:\/\/enterpriseam.com\/egypt\/2019\/07\/04\/bdc-obtains-usd-30-mn-loan-from-kuwait-fund\/\">\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\/04\/bdc-obtains-usd-30-mn-loan-from-kuwait-fund\/&title=BdC obtains USD 30 mn loan from Kuwait Fund\">\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=BdC+obtains+USD+30+mn+loan+from+Kuwait+Fund+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F07%2F04%2Fbdc-obtains-usd-30-mn-loan-from-kuwait-fund%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\/04\/bdc-obtains-usd-30-mn-loan-from-kuwait-fund\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596702\" class=\"content-area-description single-story post-596702 post type-post status-publish format-standard hentry category-banking-finance tag-banking tag-banking-finance tag-banque-du-caire tag-enterpriseam tag-finance tag-kuwait-fund-for-arab-economic-development tag-smes wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Banque du Caire (BdC) has secured a USD 30 mn loan from the Kuwait Fund for Arab Economic Development to increase SME financing, the bank\u2019s head of SME banking, Nader Saad, <a href=\"https:\/\/english.mubasher.info\/news\/3497438\/Banque-Du-Caire-secures-30m-loan-from-Kuwait-Fund\">told Mubasher<\/a>. Sources told the newspaper at the end of June that the bank was in talks with the Micro, Small & Medium Enterprises Development Agency over a EGP 200 mn loan. BdC\u2019s quarterly net profits <a href=\"https:\/\/enterprise.press\/stories\/2019\/06\/17\/bdc-net-profits-triple-year-on-year-in-1q2019\/\">almost tripled<\/a> to EGP 1.21 bn in 1Q2019.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking-finance\/\">BANKING + FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banque-du-caire\/\">Banque du Caire<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/finance\/\">Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/kuwait-fund-for-arab-economic-development\/\">Kuwait Fund for Arab Economic Development<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/smes\/\">SMEs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"596704\" 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=\"596704\">\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\">My Morning Routine<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/04\/my-morning-routine-youssef-farag-qubix\/\">\r\n                            My Morning Routine: Youssef Farag, Qubix                        <\/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\/04\/my-morning-routine-youssef-farag-qubix\/\" 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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Speaking to us this week is Youssef Farag, co-founder and COO of <a href=\"http:\/\/www.qubixstudios.com\/index.php\">Qubix<\/a>, the first company to bring <a href=\"https:\/\/www.morethanshipping.com\/what-cargotecture-is-and-how-the-shipping-industry-contributes-to-building-sustainable-cities\/\">container architecture<\/a> to Egypt, turning shipping containers into usable spaces for clients in retail, construction, development, F&B and other industries.<\/p>\n<p><b>My name is Youssef Farag, and I am 27 years old.<\/b> I specialized in finance, economics and sociology at AUC, and after graduation was bitten by the entrepreneurial bug, co-founding Qubix with Karim Rafla, who has been one of my closest friends since we were old enough to have friends.<\/p>\n<p><b>Qubix specializes in container architecture or \u2018cargotecture,\u2019<\/b> which means that we turn shipping containers into usable spaces for a wide variety of clients in many different industries. We started operations in December 2016 and are proud to have delivered 60+ customized projects built out of 140+ shipping containers. Our clients include Mountain View, BRGR, TBS, Z\u00f6\u00f6ba, Petrojet, Cairo Airport, Amer Group, Fit & Fix, Hassan Allam, Soma Bay, and Al Futtaim, as well as government and military entities.<\/p>\n<p><b>As COO, I\u2019m responsible for driving and organizing the day-to-day operations,<\/b> making sure that all our projects get delivered on time, that the quality is high, and that all safety and organizational requirements are fulfilled. It\u2019s a source of great pride to me today that I have become extremely adept at this role,mastering skills and technical information that I knew literally nothing about just three short years ago.<\/p>\n<p><b>I\u2019d love to claim that I wake up with the sunrise and go for a refreshing run every morning,<\/b> but that\u2019s not the case. The word \u2018routine\u2019 doesn\u2019t really resonate with me at this point in my life, but I do have habits, which I see as being slightly more flexible than a routine.<\/p>\n<p><b>Every morning I wake up around 7-7:15am.<\/b> The first thing I do is make my bed, then take a freezing cold shower, which I\u2019ve found to be a great substitute for coffee. Once I\u2019m out of the shower, dressed and feeling good about myself, I prepare a quick light breakfast \u2014 usually two boiled eggs, half an avocado and salmon or chicken. This is part of an eating regimen that has helped me lose 15 kg over the past 2-3 months. By 8 am I start making phone calls to the managers of the different company departments, to ensure that everything I assigned them the previous day is being taken care of, in accordance with the schedule we set as a team. I arrive at our production facility by 9am, refreshed and ready to tackle the mayhem of the day.<\/p>\n<p><b>I spend most of my day at our production facility.<\/b> We recently relocated from our first 1000 sqm facility to a new and greatly improved 3500 sqm one, which has allowed us to greatly increase our production capacity and speed. My day is a mixture of problem solving, communicating with clients, and overseeing all aspects of production. On a typical day, things start to calm down around 6-7pm, then I\u2019m back home in my fortress of solitude.<\/p>\n<p><b>One big change I\u2019ve made this year is moving into my own flat, in pursuit of genuine independence.<\/b> In our society, people my age tend to do this exclusively after marriage, which for me personally would run counter to my pursuit of self-discipline, independence and self-awareness. <b>The end of each day is very important to me.<\/b> In the 2-3 hours I have for myself, I can do whatever I want to stay sane, from going to the gym or socializing to doing absolutely nothing and watching Netflix. I really value alone time; I recharge by being alone with my thoughts after being surrounded by chaos and responsibilities for most of the day.<\/p>\n<p><b>I recently read <\/b><a href=\"https:\/\/www.amazon.com\/Art-War-Sun-Tzu\/dp\/1599869772\"><b>The Art of War by Sun Tzu<\/b><\/a><b> and <\/b><a href=\"https:\/\/www.amazon.com\/Prince-Niccolo-Machiavelli\/dp\/1503017826\"><b>The Prince by Niccolo Machiavelli<\/b><\/a>, two widely-known and well-regarded books I\u2019d highly recommend to anyone. I\u2019m currently reading <a href=\"https:\/\/www.amazon.com\/Subtle-Art-Not-Giving-Counterintuitive\/dp\/0062457713\">Mark Manson\u2019s The Subtle Art of Not Giving a [redacted]<\/a>, which I\u2019m really enjoying. Many people have taken against it because it\u2019s \u2018Instagram famous\u2019 but it\u2019s genuinely a great book, especially for anyone willing to entertain a radical point of view of how to live and learn.<\/p>\n<p><b>Qubix was born out of a need, on my part and Karim\u2019s, to do something of our own. <\/b>We were working with our parents, and one day in February 2016 we agreed we needed to do something ourselves. Karim told me about the container architecture he had seen in London, while he was studying there. It was the first time I had seen anything of this sort. After a bit of research, we felt our energy pick up, and we could see endless possibilities. We wondered why no one else in Egypt had done this before.<\/p>\n<p><b>We decided to take the plunge and order a 20 ft shipping container<\/b> <b>after a week of research.<\/b> We threw it in our backyard, and just started experimenting with a team of two workers and a shady \u2018engineer\u2019 who saw an easy target for a scam (but that\u2019s another story). We tried out different materials for insulation, paint, cutting, wielding, hydraulics, and countless other things. After seven months of R&D, we felt confident enough to take on a project and explore whether we actually had a market. We hadn\u2019t told many people outside of our families about what we were doing, and as luck would have it, the third friend I casually mentioned it to told me that his parents were familiar with the concept and wanted to build a small farm house using containers. Just like that, we had our first project.<\/p>\n<p><b>What makes Qubix special is our total involvement in each project. <\/b>We\u2019ve been able to bring all our services in-house, under one roof, as the company has grown. So we\u2019re involved from the moment a client comes in with an idea. We take the brief and our design team creates a customized design, which can fit any brand. The approved design gets delivered to the production team and the project managers, who oversee its transformation into a real-life, tangible product. So we deliver a truly turn-key project. All our clients need to do after we deliver is install their appliances or their furniture, as we will have already taken care of A\/Cs, bathrooms, windows, doors, flooring, walling, insulation, electricity, plumbing, external claddings or design, as well as logos. We guarantee the best quality in the market, and we give the paperwork and after-sales maintenance to back that up.<\/p>\n<p><b>We try to offer consumer education, so that people understand the value of what we are doing<\/b>,because the market has only been around in Egypt since we launched (and even internationally, it\u2019s only 40 years old). Using our product, an individual can start or expand a business for a fraction of the cost they would usually incur. Take an F&B brand: Using our services will allow them to cut costs, launch more quickly and reduce a lot of worry and stress. One of the great advantages of cargotecture is that it is movable. So if a brand wants to have a presence in Sahel during the summer season, they won\u2019t have to find an unfinished shop, pay extortionate amounts in rent, pay for finishings and decorations for the summer, then leave at the end of the season. Our clients simply go from one location to the next with their own fully-owned unit, ready for operation on arrival.<\/p>\n<p><b>It\u2019s also important to understand that lower prices usually lead to problems. <\/b>Clients who go for cheaper alternatives have usually regretted it, because of the difference in quality and execution. Our products are in a more expensive bracket than our competition because we use the highest quality materials, so the structure will last for years and years of use and relocation. Most importantly, we always adhere to structural safety precautions and procedures. Unfortunately, there are often disregarded by others I\u2019ve seen operating in the market.<\/p>\n<p><b>We serve many different industries, so we are affected by changes in each and every one of them.<\/b> This is part of what\u2019s exciting about what we do: We have the potential to help many industries transform. With the ever-increasing price of homes in Egypt, people are starting to see the value in downsizing, irrespective of their net worth. Movements like this will open new markets, and we are already seeing this happen with many clients. I think change usually happens slowly, until it reaches a tipping point. Then the pace is rapid.<\/p>\n<p><b>We are also perhaps unusual in that we\u2019ve been able to use the devaluation of the EGP to our advantage.<\/b> We\u2019ve been able to approach foreign markets and offer them prices that local suppliers couldn\u2019t possibly compete with.<\/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\/construction\/\">construction<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/entrepreneurship\/\">entrepreneurship<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/industry\/\">industry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/logistics\/\">logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/my-morning-routine\/\">MY MORNING ROUTINE<\/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=\"596706\" 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=\"596706\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/04\/the-market-yesterday-323\/\">\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\/04\/the-market-yesterday-323\/\" 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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CIB, the index heaviest constituent ended down 0.1%. EGX30\u2019s top performing constituents were Orascom Investment Holding up 4.1%, Telecom Egypt up 3.2%, and Kima up 2.4%. Yesterday\u2019s worst performing constituents were Ezz Steel down 2.9%, ACAMD down 2.1%, and Orascom Development Egypt down 2.0%. The market turnover was EGP 696 mn, and local investors were the sole net buyers.<\/p>\n<p><b>Foreigners<\/b>: Net Short | EGP -32.8 mn<\/p>\n<p> <b>Regional<\/b>: Net Short | EGP -0.6 mn<\/p>\n<p> <b>Domestic<\/b>: Net Long | EGP +33.4 mn<\/p>\n<p><b>Retail<\/b>: 63.1% of total trades | 67.5% of buyers | 58.6% of sellers<\/p>\n<p> <b>Institutions<\/b>: 36.9% of total trades | 32.5% of buyers | 41.4% of sellers<\/p>\n<p><b>WTI:<\/b> USD 57.29 (-0.09%)<\/p>\n<p> <b>Brent:<\/b> USD 63.82 (+2.28%)<\/p>\n<p><b>Natural Gas<\/b> (Nymex, futures prices) USD 2.28 MMBtu, (-0.35%, Aug 2019 contract)<\/p>\n<p> <b>Gold:<\/b> USD 1,419.40 \/ troy ounce (-0.11%)<\/p>\n<\/p>\n<p><b>TASI:<\/b> 8,853.47 (+0.22%) (YTD: +13.12%)<\/p>\n<p> <b>ADX:<\/b> 4,989.38 (+0.21%) (YTD: +1.51%)<\/p>\n<p> <b>DFM:<\/b> 2,666.04 (-0.48%) (YTD: +5.39%)<\/p>\n<p> <b>KSE Premier Market:<\/b> 6,505.86 (+0.82%)<\/p>\n<p> <b>QE:<\/b> 10,590.60 (+0.12%) (YTD: +2.83%)<\/p>\n<p> <b>MSM:<\/b> 3,824.92 (-0.87%) (YTD: -11.54%)<\/p>\n<p> <b>BB: <\/b>1,498.53 (+0.54%) (YTD: +12.06%)<\/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=\"596707\" 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\/04\/596707\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596707\" class=\"content-area-description single-story post-596707 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>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":596670,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-596669","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"2f587ce5-f63e-45f9-be0d-87e069f9289e","teaser":"","photo_url":"https:\/\/ent.news\/2019\/6\/market-bw-1600px.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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