{"id":596716,"date":"2019-07-07T04:43:50","date_gmt":"2019-07-07T04:43:50","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=596716"},"modified":"2025-12-16T19:28:09","modified_gmt":"2025-12-16T19:28:09","slug":"goodbye-african-cup","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/goodbye-african-cup\/","title":{"rendered":"Goodbye, African Cup"},"content":{"rendered":"<section id=\"596718\" 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=\"596718\">\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\/07\/what-were-tracking-on-8-july-2019\/\">\r\n                            What we\u2019re tracking on 8 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\/07\/what-were-tracking-on-8-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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We have June\u2019s inflation data coming out in the next few days, and on Thursday, 11 July, the central bank\u2019s Monetary Policy Committee will meet to review key interest rates. The consensus among our poll of economists (which you\u2019ll find in this morning\u2019s Speed Round, below) is that the central bank will leave rates on hold for another month as it assesses the inflationary impact of the fuel subsidy cuts.<\/p><p><b>Speaking of which: Your commute is officially more expensive.<\/b> Fuel prices rose between 16% and 30% over the weekend as the government pushed ahead with the latest round of subsidy cuts. We have chapter and verse in this morning\u2019s Speed Round, below.<\/p><p><b>New fiscal data was also released over the weekend \u2014 and it doesn\u2019t make great reading.<\/b> Rising imports caused the current account deficit to almost double year-on-year in the first nine months of FY2018-19, while the balance of payments swung from enjoying an USD 11 bn surplus to turning a deficit of USD 350 mn over the same period. The full breakdown is also in Speed Round, below.<\/p><hr class=\"grey-line\"><p><b>President Abdel Fattah El Sisi is in Niger today<\/b> to attend an extraordinary African Union summit. The gathering will see the <a href=\"https:\/\/au.int\/en\/pressreleases\/20190704\/african-union-will-launch-operational-phase-afcfta-summit-niger\">launch of the operational phase<\/a> of the African Continental Trade Agreement (AfCFTA), which <a href=\"https:\/\/enterprise.press\/stories\/2019\/06\/02\/challenges-ahead-for-african-trade\/\">came into force<\/a> on 30 May. We have more on this in Last Night\u2019s Talk Shows, below.<\/p><p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <b>The House of Representatives is scheduled to end its current legislative session and recess for the summer this week<\/b>, unidentified sources told reporters yesterday, <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/337483\/Egypt\/Politics-\/Egypt-parliament-to-adjourn-for-summer-recess-this.aspx\">according to Ahram Online<\/a>. Our esteemed representatives have a few more bills to get through before rushing to the beach, including a <a href=\"https:\/\/enterprise.press\/stories\/2019\/07\/04\/government-to-send-cash-subsidies-act-to-parliament-next-week-3\/\">draft law<\/a> to regulate the Bar Association and <a href=\"https:\/\/enterprise.press\/stories\/2019\/06\/12\/house-approves-govt-proposed-amendments-on-prosecution-judicial-authorities-pensions-and-non-housing-rent\/\">amendments the \u201cold rent\u201d law<\/a>, among others. By law, President Abdel Fattah El Sisi must call in the first session of the House by the first Thursday of October. The next legislative season will be the last before new representatives are elected to parliament.<\/p><p><b>A World Bank delegation will visit several industrial zones in Qena<\/b> on Tuesday, 9 July, <a href=\"https:\/\/www.youm7.com\/story\/2019\/7\/4\/%D9%88%D9%81%D8%AF-%D9%85%D9%86-%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%89-%D9%8A%D8%B2%D9%88%D8%B1-%D8%A7%D9%84%D9%85%D9%86%D8%A7%D8%B7%D9%82-%D8%A7%D9%84%D8%B5%D9%86%D8%A7%D8%B9%D9%8A%D8%A9-%D9%81%D9%89-%D9%82%D9%86%D8%A7-%D8%A8%D9%85%D8%B4%D8%A7%D8%B1%D9%83%D8%A9\/4317170\">according to Youm7<\/a>.<\/p><hr class=\"grey-line\"><p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <b>Well, we\u2019re officially out of Afcon:<\/b> Our African Cup of Nations run was, sadly, cut short yesterday by South Africa, which netted an 85th-minute lead past Mohamed El Shennawy (even his sizeable hands couldn\u2019t save us). Yesterday\u2019s match result was not all that surprising, but it managed to set off a domino effect of chaos in Egypt\u2019s football scene.<\/p><p><b>Egyptian Football Association (EFA) President Hany Abo Rida resigned from his post following the defeat<\/b>, but will continue to lead the committee in charge of organizing Afcon until the tournament wraps up, the EFA said in <a href=\"https:\/\/www.facebook.com\/efasocial\/photos\/a.749373931885716\/1296528880503549\/?type=3&amp;theater\">an overnight statement<\/a>. He also sacked the national team\u2019s entire coaching staff, saying that \u201cthe decision is an ethical obligation.\u201d Senior officials <a href=\"http:\/\/www.egypttoday.com\/Article\/1\/72511\/Authorities-to-probe-into-EFA-corruption\">told Egypt Today<\/a> following Abo Rida\u2019s departure that authorities will launch an investigation into the EFA\u2019s suspected \u201cadministrative and financial violations,\u201d which allegedly had a direct correlation with the loss. Abou Rida has been at the helm of the association since August 2016. EFA board members Hazem Emam and Seif Zaher also <a href=\"https:\/\/www.facebook.com\/efasocial\/photos\/a.749373931885716\/1296557933833977\/?type=3&amp;theater\">announced their resignation<\/a> shortly after Abo Rida\u2019s, alongside <a href=\"https:\/\/www.facebook.com\/efasocial\/photos\/a.749373931885716\/1296561660500271\/?type=3&amp;theater\">Ahmed Megahed<\/a> and <a href=\"https:\/\/www.facebook.com\/efasocial\/photos\/rpp.748956081927501\/1296564020500035\/?type=3&amp;theater\">Essam Abdel Fattah<\/a>.<\/p><p class=\"web-image\"><a href=\"https:\/\/www.ft.com\/content\/885767f6-9f1e-11e9-9c06-a4640c9feebb\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/7\/868.jpg?ssl=1\"><\/a><\/p><p><b>Strong US jobs report dampens expectations for deep Fed rate cut:<\/b> US jobs growth surged in June, beating out economists\u2019 predictions and shortening the odds of a deep rate cut by the US Federal Reserve later this month, <a href=\"https:\/\/www.ft.com\/content\/885767f6-9f1e-11e9-9c06-a4640c9feebb\">the FT reports<\/a>. Nonfarm payrolls tripled to 224k last month from the 72k added in May, making June the best month of 2019 for job growth. The positive data lessens the pressure on the Fed to make a deep rate cut when it meets on 30-31 July, and increases the possibility that officials will instead opt for a minor 25 bps cut.<\/p><p><b>Wall Street didn\u2019t see the positives:<\/b> The three main US indices <a href=\"https:\/\/www.marketwatch.com\/story\/stock-markets-poised-for-a-pull-back-from-records-as-investors-await-friday-jobs-report-2019-07-05\">closed in the red<\/a> on Friday, with the Dow down 0.16%, the S&amp;P 500 shedding 0.18% and the Nasdaq losing 0.10%. The yield on US 10-years meanwhile <a href=\"https:\/\/www.cnbc.com\/2019\/07\/05\/bond-markets-treasury-yields-tick-lower-as-investors-await-key-jobs-data.html\">moved back above 2%<\/a> on the news.<\/p><p class=\"web-image\"><a href=\"https:\/\/www.cnbc.com\/2019\/07\/05\/el-erian-market-has-gotten-carried-away-with-fed-cut-predictions.html\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/7\/888.jpg?ssl=1\"><\/a><\/p><p><b>The market is getting \u201ccarried away\u201d with expectations for multiple Fed rate cuts- El Erian:<\/b> Market predictions for several rate cuts by the US Federal Reserve this year are unrealistic, market guru Mohamed El Erian told CNBC\u2019s \u2018The Exchange\u2019 on Friday (<a href=\"https:\/\/www.cnbc.com\/2019\/07\/05\/el-erian-market-has-gotten-carried-away-with-fed-cut-predictions.html\">watch, runtime: 3:09<\/a>). \u201cWe as the market base have gotten carried away, carried away thinking it will be 50 bps in July, thinking we\u2019re going to get three cuts by the end of the year,\u201d he said. \u201cWe\u2019re going to get one in July and maybe, maybe two, and that\u2019s about it.\u201d<\/p><p><b>El Erian predicts that the Fed will make a 25 bps cut when it meets this month<\/b>, instead of a deeper 50 bps cut recently forecast by many market watchers.<\/p><hr class=\"grey-line\"><p><b>Do we finally have a truce in Sudan? <\/b>Military and protest leaders in Sudan agreed on Friday to share power in a joint military-civilian council tasked with seeing the country through a three-year transitional period before elections in 2022, the <a href=\"https:\/\/www.wsj.com\/articles\/sudan-rivals-agree-to-share-power-envoy-says-11562298394\">Wall Street Journal reports<\/a>. The truce could mark an end to months of protests and violence for our southern neighbor, which led to the ouster of long-time President Omar Bashir in April.<\/p><p>In international miscellany:<\/p><ul>\n<li><b>Erdogan decided to fire Turkey\u2019s central bank governor<\/b>, complaining that the country\u2019s high interest rates are hurting the economy, <a href=\"https:\/\/www.ft.com\/content\/4f59b13a-9fc2-11e9-974c-ad1c6ab5efd1\">according to the Financial Times<\/a>.<\/li>\n<li><b>Has Qatar\u2019s massive construction boom run its course?<\/b> A USD 200 bn infrastructure push in preparation for the 2022 World Cup has transformed the Gulf state over the past decade, but the news that construction shrank 1.2% in 1Q2019 (compared to almost 23% growth in the same period a year earlier) shows that the country must now find a new source of economic growth, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-07-04\/qatar-s-200-billion-dash-to-world-cup-hits-a-construction-cliff\">Bloomberg reports<\/a>. <\/li>\n<\/ul><hr class=\"grey-line\"><p><b>Folding phones aren\u2019t dead, Samsung insists:<\/b> Two months after its Galaxy Fold disaster, Samsung is planning a relaunch in a bid to resuscitate its ambitions to become a global leader in the still-gimmicky folding phone market. <a href=\"https:\/\/www.ft.com\/content\/ab96c002-9ef3-11e9-9c06-a4640c9feebb\">The FT has more<\/a>.<\/p><p><b>PSA- Calling all prospective MBA students:<\/b> Stanford Business School is holding an information session at AUC\u2019s Tahrir Square campus on Wednesday, 10 July at 7 pm. The session is a chance for prospective students to get an overview of the MBA program at Stanford and have their questions answered.<\/p>\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\/balance-of-payments\/\">balance of payments<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/current-account\/\">current account<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fiscal-policy\/\">fiscal policy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fuel\/\">fuel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/inflation\/\">inflation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/interest-rates\/\">interest rates<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mohamed-el-erian\/\">Mohamed El Erian<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/monetary-policy\/\">monetary policy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/politics\/\">politics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/qatar\/\">Qatar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sports\/\">sports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sudan\/\">Sudan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            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class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 .stk-block-carousel__button 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class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-2yidhgj\" data-v=\"4\" data-block-id=\"2yidhgj\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-2yidhgj-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-2yidhgj-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240926.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.qalaaholdings.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/110691.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Driving growth<\/span>\r\n                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   <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\/07\/el-sisi-arrives-in-niger-gets-egypts-talking-heads-talking\/\">\r\n                            El Sisi arrives in Niger, gets Egypt\u2019s talking heads talking                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596720\" class=\"content-area-description single-story post-596720 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-diplomacy tag-enterprise-last-nights-talk-shows tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>President Abdel Fattah El Sisi\u2019s visit to Niger was the talk of the town on the airwaves last night.<\/b> El Sisi is set to chair the African Union\u2019s extraordinary summit, which will take place later today, to launch the operational phase of the African Continental Trade Agreement (AfCFTA).<\/p>\n<p><b>The agreement is \u201cthe beginning of a new era for Africa<\/b>, and marks a milestone in the continent\u2019s development,\u201d the vice president of the Egyptian Council for African Affairs Salah Halima told Al Hayah Al Youm\u2019s Lobna Assal (<a href=\"https:\/\/www.youtube.com\/watch?v=ihflXoz8eNw\">watch, runtime: 2:47<\/a>).<\/p>\n<p><b>Hona Al Asema\u2019s Reham Ibrahim focused on the technicalities of the agreement.<\/b> AfCFTA aims to make doing business on the continent easier and encourages African countries to trade among each other, while addressing issues that stifle intra-African trade such as high transport costs and cumbersome customs, among others. The agreement also aims to increase the volume of intra-African trade from 17% to 60% by 2022 (<a href=\"https:\/\/www.youtube.com\/watch?v=KzicK8m2sgo\">watch, runtime: 7:16<\/a>).<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-last-nights-talk-shows\/\">Enterprise+: Last Night\u2019s Talk Shows<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"596721\" 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=\"596721\">\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\/07\/government-raises-fuel-prices-phasing-out-remaining-fuel-subsidies\/\">\r\n                            Government raises fuel prices, phasing out remaining fuel subsidies                        <\/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\/07\/government-raises-fuel-prices-phasing-out-remaining-fuel-subsidies\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The price of 95 and 92-octane rose by 16% and 18.5%, respectively, while diesel and 80-octane prices increased by 22.7%. The prices of most petroleum products will now reflect their actual cost, although the government will continue to subsidize butane gas cylinders, and fuel for bakeries and electricity plants, <a href=\"https:\/\/ara.reuters.com\/article\/businessNews\/idARAKCN1U00X0\">a ministry official told Reuters Arabic service<\/a>. The full price breakdown is as follows:<\/p>\n<ul>\n<li><b>95 octane petrol<\/b> at the pumps will now cost EGP 9 per liter, up from EGP 7.75;<\/li>\n<li><b>92 octane petrol<\/b> rose to EGP 8 per liter, from EGP 6.75;<\/li>\n<li><b>80 octane petrol, diesel fuel, and kerosene<\/b> increased to EGP 6.75 per liter, from EGP 5.50;<\/li>\n<li><b>Cooking gas cylinders <\/b>now cost EGP 60, from EGP 50;<\/li>\n<li><b>Gas cylinders for commercial ventures<\/b> jumped to EGP 130, from EGP 100;<\/li>\n<li><b>Compressed natural gas for automobiles<\/b> rose to EGP 3.5 per cubic meter, from EGP 2.75;<\/li>\n<li><b>The price of fuel oil (mazut) to factories<\/b> rose to EGP 4.5k per tonne for bricks, cement, and other sectors except food and electricity, from EGP 3.5k per tonne.<\/li>\n<\/ul>\n<p><b>Bread prices will remain unchanged, but other commodities are set to rise:<\/b> The Supply Ministry will bear the increase in diesel prices for bakeries in order to keep the price of subsidized bread unchanged, head of the bakeries union Abdullah Ghorab <a href=\"https:\/\/www.youm7.com\/story\/2019\/7\/5\/%D9%82%D8%B1%D8%A7%D8%B1-%D9%88%D8%B2%D8%A7%D8%B1%D9%89-%D9%84%D9%80-%D8%A7%D9%84%D8%AA%D9%85%D9%88%D9%8A%D9%86-%D8%A8%D8%AA%D8%AD%D9%85%D9%84-%D9%81%D8%B1%D9%82-%D8%B3%D8%B9%D8%B1-%D8%A7%D9%84%D8%B3%D9%88%D9%84%D8%A7%D8%B1-%D9%84%D9%84%D9%85%D8%AE%D8%A7%D8%A8%D8%B2-%D9%84%D8%AB%D8%A8%D8%A7%D8%AA\/4319538\">confirmed to Youm7<\/a>. Other food commodity prices \u2014 especially the price of oils and dairy products \u2014 are expected to increase, head of the food commodities division at the Giza Chamber of Commerce, Yehia Kasseb, <a href=\"https:\/\/alborsaanews.com\/2019\/07\/05\/1221472\">told the press<\/a>.<\/p>\n<p><b>The production cost of all types of building materials could rise between 2% and 5%<\/b>, Kamal El Dessouki, deputy head of the Federation of Egyptian Industries\u2019 (FEI) building materials industries division, <a href=\"https:\/\/alborsaanews.com\/2019\/07\/05\/1221282\">told the press<\/a>. Cement prices, meanwhile, are forecast to increase by between EGP 50-70 per tonneas a consequence of the fuel hikes, an unnamed cement company executive <a href=\"https:\/\/almalnews.com\/%D8%AA%D9%88%D9%82%D8%B9%D8%A7%D8%AA-%D8%A8%D8%B2%D9%8A%D8%A7%D8%AF%D8%A9-%D8%A3%D8%B3%D8%B9%D8%A7%D8%B1-%D8%A7%D9%84%D8%A3%D8%B3%D9%85%D9%86%D8%AA-%D8%A8%D8%B9%D8%AF-%D8%B1%D9%81%D8%B9-%D8%A7%D9%84\/\">told Al Mal<\/a>. This is expected to lead to a \u201cslight\u201d increase in property prices, division head Ahmed El Zeiny separately <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=06072019&id=03ee2c6c-0f8b-492d-8982-95d0703aeb85\">told Al Shorouk<\/a>. The price of industrial land in government tenders, however, will see no such increase, Industrial Development Authority boss Magdy Ghazi <a href=\"https:\/\/alborsaanews.com\/2019\/07\/06\/1221606\">told the press<\/a>.<\/p>\n<p><b>Oh, and for the commute:<\/b><\/p>\n<ul>\n<li><b>Ride-hailing companies are lining up fare hikes: <\/b>Careem has <b><a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1410522\">hiked fares<\/a><\/b> by up to 22% in both Cairo and Alexandria, and Uber has already <b><a href=\"https:\/\/alborsaanews.com\/2019\/07\/05\/1221337\">sent messages<\/a><\/b> to its drivers that it will issue new rates \u201csoon\u201d once it completes a study of the impact of the new fuel prices. Swvl, meanwhile, <b><a href=\"https:\/\/alborsaanews.com\/2019\/07\/05\/1221338\">is yet to make a decision<\/a><\/b> on how to respond to the price increases.<\/li>\n<li><b>Public transportation fares will also climb, but not trains:<\/b> The Cairo governorate has raised fares charged by white taxis, <b><a href=\"https:\/\/www.masrawy.com\/news\/news_egypt\/details\/2019\/7\/5\/1596066\/-%D8%AA%D8%B3%D8%B9%D9%8A%D8%B1%D8%A9-%D8%A7%D9%84%D8%AA%D8%A7%D9%83%D8%B3%D9%8A-%D8%A7%D9%84%D8%A3%D8%A8%D9%8A%D8%B6-%D9%81%D8%AA%D8%AD-%D8%A7%D9%84%D8%B9%D8%AF%D8%A7%D8%AF-%D8%A8%D9%80%D9%A7-%D8%AC%D9%86%D9%8A%D9%87%D8%A7%D8%AA-%D9%88%D9%A5%D9%A0-%D9%82%D8%B1%D8%B4-%D8%A7-%D8%B2%D9%8A%D8%A7%D8%AF%D8%A9-%D8%B9%D9%84%D9%89-%D9%83%D9%84-%D9%83%D9%8A%D9%84%D9%88\">Masrawy reported, citing an unnamed official<\/a><\/b>. Public bus ticket prices also increased EGP 1, and the new Mowasalat Misr buses will apply <b><a href=\"https:\/\/www.masrawy.com\/news\/news_egypt\/details\/2019\/7\/5\/1596005\/%D8%A7%D9%84%D8%B2%D9%8A%D8%A7%D8%AF%D8%A9-%D8%AA-%D8%B7%D8%A8%D9%82-%D8%BA%D8%AF-%D8%A7-%D9%86%D9%86%D8%B4%D8%B1-%D8%A7%D9%84%D8%A3%D8%B3%D8%B9%D8%A7%D8%B1-%D8%A7%D9%84%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9-%D9%84%D8%AA%D8%B0%D8%A7%D9%83%D8%B1-%D8%A7%D9%84%D9%86%D9%82%D9%84-%D8%A7%D9%84%D8%B9%D8%A7%D9%85\">new yet-to-be-disclosed rates<\/a><\/b> as of today. Train ticket prices, meanwhile, will see no change, at least not \u201canytime soon,\u201d Egyptian Railway Authority (ERA) head Ashraf Raslan told <b><a href=\"http:\/\/www.egypttoday.com\/Article\/1\/72487\/Train-fares-to-not-change-after-final-fuel-subsidies-cut\">Egypt Today<\/a><\/b>. <\/li>\n<\/ul>\n<p><b>The cuts will save the government EGP 37 bn a year: <\/b>The latest round of cuts will slash the government\u2019s expenditure on fuel subsidies to EGP 52.96 bn from EGP 89.75 bn, according to <a href=\"https:\/\/enterprise.press\/stories\/2019\/06\/25\/house-approves-fy2019-2020-state-budget\/\">the FY2019-2020 budget<\/a> passed last week by the House of Representatives. The government is reportedly studying entering into foreign exchange hedging contract with a bank to \u201csafeguard\u201d the fuel subsidy bill from any unexpected increase, government sources <a href=\"https:\/\/www.alborsaanews.com\/2019\/07\/06\/1221633\">told the press yesterday<\/a>.<\/p>\n<p><b>The automatic fuel pricing mechanism will be applied to all petroleum products from 4Q2019<\/b>, the official told Reuters. The mechanism, <a href=\"https:\/\/enterprise.press\/stories\/2019\/04\/01\/govt-leaves-95-octane-price-on-hold-as-fuel-pricing-mechanism-is-introduced\/\">which was introduced on 95-octane in 2Q2019<\/a>, will see the government re-price fuel by as much as 10% each quarter in order to bring prices in line with international markets.<\/p>\n<p><b>Could we receive the final USD 2 bn tranche from the IMF this week? <\/b><a href=\"https:\/\/alborsaanews.com\/2019\/07\/05\/1221212\">Sources told the local press<\/a> that the International Monetary Fund\u2019s (IMF) executive board will vote this week on disbursing the final USD 2 bn tranche from the USD 12 extended fund facility. The removal of fuel subsidies was part of the reform program agreed upon with the IMF in November 2016. Egypt <a href=\"https:\/\/enterprise.press\/stories\/2019\/05\/19\/egypt-imf-reach-staff-level-agreement-to-unlock-final-tranche-of-usd-12-bn-facility\/\">reached a staff-level agreement<\/a> in May for the tranche disbursal but we are yet to hear anything from the board on when the funding will be released.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/budget-watch\/\">budget watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fuel\/\">fuel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/inflation\/\">inflation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/speed-round\/\">SPEED ROUND<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/subsidies\/\">subsidies<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/swvl\/\">Swvl<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/uber\/\">Uber<\/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=\"596738\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"596739\" 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=\"596739\">\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\/07\/egypt-in-the-news-on-07-july-2019\/\">\r\n                            Egypt in the news on 07 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\/07\/egypt-in-the-news-on-07-july-2019\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2019\/07\/07\/egypt-in-the-news-on-07-july-2019\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2019\/07\/07\/egypt-in-the-news-on-07-july-2019\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt in the news on 07 July 2019&url=https:\/\/enterpriseam.com\/egypt\/2019\/07\/07\/egypt-in-the-news-on-07-july-2019\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2019\/07\/07\/egypt-in-the-news-on-07-july-2019\/&title=Egypt in the news on 07 July 2019\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+in+the+news+on+07+July+2019+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F07%2F07%2Fegypt-in-the-news-on-07-july-2019%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/07\/egypt-in-the-news-on-07-july-2019\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596739\" class=\"content-area-description single-story post-596739 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-archaeology tag-black-sea tag-bulgaria tag-egypt-in-the-news tag-enterpriseam tag-israel tag-mohamed-salah tag-sports tag-tourism tag-trade tag-tutankhamun tag-uk 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-06\"><\/a> <b>The sale of a 3000-year-old bust of King Tutankhamun at auction for GBP 4.7 mn (USD 6 mn)<\/b> tops coverage of Egypt in the foreign press today (<a href=\"https:\/\/www.bbc.com\/news\/world-middle-east-48865336\">BBC<\/a> | <a href=\"https:\/\/www.nytimes.com\/2019\/07\/05\/arts\/design\/tutankhamen-christies-sale-egypt.html\">New York Times<\/a> | <a href=\"https:\/\/www.washingtonpost.com\/world\/statue-of-king-tut-which-egypt-claims-was-stolen-sells-for-6-million-despite-outcry\/2019\/07\/05\/061b2d82-9f1d-11e9-a1fc-7337aeb9179e_story.html\">Washington Post<\/a> | <a href=\"https:\/\/www.washingtonpost.com\/world\/statue-of-king-tut-which-egypt-claims-was-stolen-sells-for-6-million-despite-outcry\/2019\/07\/05\/061b2d82-9f1d-11e9-a1fc-7337aeb9179e_story.html\">Financial Times<\/a>). Despite repeated calls from Egypt to return the bust, auction house Christie\u2019s went ahead with the sale, denying claims by Egypt\u2019s foreign ministry that the bust was probably stolen from Karnak temple in the 1970s. The Antiquities Ministry, disgruntled by the sale, will hold an \u201curgent meeting\u201d at the start of the week to discuss measures it could take, including a potential lawsuit, it <a href=\"http:\/\/www.antiquities.gov.eg\/DefaultAr\/pages\/NewsDetails.aspx?newsid=1040\">said in a statement<\/a>.<\/p>\n<p><b>The Egyptian market is of great importance to Israel\u2019s attempts to export its surplus natural gas<\/b>,even as Egypt itself becomes a bigger producer, the <a href=\"https:\/\/www.nytimes.com\/2019\/07\/05\/business\/energy-environment\/israel-natural-gas-offshore.html?searchResultPosition=6\">New York Times\u2019 Clifford Krauss says<\/a>. While energy executives say gas could strengthen the relationship between the two countries, they also acknowledge that doing business is risky for both sides, especially considering the 2012 gas pipeline sabotage.<\/p>\n<p>Other headlines worth a skim this morning:<\/p>\n<ul>\n<li><b>A theory that ancient Egyptian merchants used reed boats to journey some 3k km<\/b> across the Mediterranean and as far as the Black Sea is about to be put to the test by adventurers who will set off from Bulgaria next month, <a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL8N2453J1\">Reuters reports<\/a>. <\/li>\n<li><b>Mo Salah continues to face heavy criticism for his defense of teammate Amr Warda<\/b> against allegations of [redacted] harassment, with the <a href=\"https:\/\/www.washingtonpost.com\/world\/2019\/07\/05\/mohamed-salah-egypts-soccer-superstar-was-hailed-an-advocate-women-until-now\/?utm_term=.5d30e08ca4f2\">Washington Post<\/a> highlighting the disappointment felt by women in Egypt who had viewed him as an ally. <\/li>\n<li><b>A British tourist\u2019s claim that his wife died from food poisoning in Egypt is \u201centirely speculative,\u201d<\/b> a coroner has ruled, according to <a href=\"https:\/\/metro.co.uk\/2019\/07\/05\/wife-fell-violently-died-within-24-hours-last-meal-egypt-holiday-10118292\/\">Metro<\/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\/archaeology\/\">archaeology<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/black-sea\/\">Black Sea<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/bulgaria\/\">Bulgaria<\/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\/israel\/\">Israel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mohamed-salah\/\">Mohamed Salah<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sports\/\">sports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tutankhamun\/\">Tutankhamun<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/uk\/\">UK<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"596740\" 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=\"596740\">\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\/07\/egypts-el-sisi-directs-senior-officials-to-build-eco-friendly-ports\/\">\r\n                            Egypt\u2019s El Sisi directs senior officials to build eco-friendly ports                        <\/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        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href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/07\/egypts-el-sisi-directs-senior-officials-to-build-eco-friendly-ports\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596740\" class=\"content-area-description single-story post-596740 post type-post status-publish format-standard hentry category-on-the-front-pages tag-enterpriseam tag-environment tag-infrastructure tag-on-the-front-pages wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>El Sisi directs senior officials to build eco-friendly ports: <\/b>President Abdel Fattah El Sisi\u2019s <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/photos\/a.153526355166753\/643346912851359\/?type=3&__xts__%5B0%5D=68.ARCJUQTWwGwJF8lFReffpiPU5mt8K_IiwnBCETA9edtYaAzEB8sf2tbFWKvMt_0gtJhX6ZpT7X0VvDTGiyBmlG4vhhJPlxSV3w-k77m1PgJXJjQyyqCRRZL6kHszw66vHP6FMKGDc85eL_pSgPLVhPAZbs7CffYvznjAoQWmhe2GG3NVCHsrHVFVrXYSWpccgQGnE05UD4QOn2-pV-3-YoBGDA6-aEZ0OOvyDDy1MYb74Y5nVbIDFB_4e00WYsF_DCcNaxKy6ebppQTHdC2Z8_0IeYRWD9ubkktQaOiSGWGg7R742QdWu8tqNHjXxG-cI5f2amzItFws_Dq0iJQ_xHU&__tn__=-R\">meeting<\/a> with Prime Minister Moustafa Madbouly and the finance, environment, and transport ministers to develop Egypt\u2019s ports into more eco-friendly facilities topped the front page of <a href=\"https:\/\/www.pressreader.com\/egypt\/al-akhbar\">state-run Al Akhbar<\/a>. Egypt\u2019s disappointing loss to South Africa was relegated to the sidelines. Both Al Ahram and Al Gomhuria\u2019s websites were (still) down this morning.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/environment\/\">environment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/on-the-front-pages\/\">On The Front Pages<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"596741\" 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=\"596741\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/07\/el-sisi-meets-jordanian-prime-minister-omar-al-razzaz\/\">\r\n                            El Sisi meets Jordanian Prime Minister Omar Al Razzaz                        <\/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\/07\/el-sisi-meets-jordanian-prime-minister-omar-al-razzaz\/\" 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\/07\/el-sisi-meets-jordanian-prime-minister-omar-al-razzaz\/')\">\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\/07\/el-sisi-meets-jordanian-prime-minister-omar-al-razzaz\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=El Sisi meets Jordanian Prime Minister Omar Al Razzaz&url=https:\/\/enterpriseam.com\/egypt\/2019\/07\/07\/el-sisi-meets-jordanian-prime-minister-omar-al-razzaz\/\">\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\/07\/el-sisi-meets-jordanian-prime-minister-omar-al-razzaz\/&title=El Sisi meets Jordanian Prime Minister Omar Al Razzaz\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=El+Sisi+meets+Jordanian+Prime+Minister+Omar+Al+Razzaz+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F07%2F07%2Fel-sisi-meets-jordanian-prime-minister-omar-al-razzaz%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\/07\/el-sisi-meets-jordanian-prime-minister-omar-al-razzaz\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596741\" class=\"content-area-description single-story post-596741 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-abdel-fattah-el-sisi tag-diplomacy tag-diplomacy-foreign-trade tag-enterpriseam tag-jordan tag-politics tag-prime-minister-moustafa-madbouly wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>President Abdel Fattah El Sisi held talks on economic cooperation with Jordanian Prime Minister Omar Al Razzaz<\/b> in Cairo last week, according to <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/641639666355417?__xts__%5b0%5d=68.ARDBwVQRwUT5f017x2AnOBJsswawQW5fhhlTlfofsXpX3jqEjTloopMsqBNhxYVplAK0IhHNZC00jMJXJcciAUB6fq7swrTnoQGNOaGL4iCOk0c7lNs0QZwernEmyZV_EpdGA95TdsbwHH9d0InweGJiQQOAMEDAPEgG-8Uv5n4DrRrY6g1HHO_YuFhybL93FSbwKJN29Bwv6HNJf57UMyJAewDDpMuTWYpyLJDN2yMKgGlkNnIS-WSwyp3Cjc6aTKrvlYOsXUjs2Qy96PHXgJCfdxhBn4ajsZyT3ZElWmlzPly16S8mdJpxUbwfwIkjyG-nijZlwHeGPSyyo2miGVaVAcZnezjB4wjm5fDHjAVMMU1-M_2DIVlVoOO8eOCYJ-l-rgdM3R2cq_85W_WZ4VYRQcqs5iby0whnp54KR7Bm59Js7q6uau9An6gu-958e1ZVguQmR3nxVxJ3xieuL3UAIEv9S_TpwI5VGAf4vrp44Acjgkc&__tn__=-R\">an Ittihadiya statement<\/a>. The meeting came as Al Razzaz and Prime Minister Moustafa Madbouly held the Egyptian-Jordanian Higher Committee meeting, during which the two sides <a href=\"https:\/\/enterprise.press\/stories\/2019\/07\/04\/egypt-signs-several-cooperation-protocols-to-strengthen-relations-2\/\">signed a number<\/a> of cooperation agreements.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/prime-minister-moustafa-madbouly\/\">Prime Minister Moustafa Madbouly<\/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=\"596743\" 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=\"596743\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/07\/italys-eni-in-talks-over-lng-facility-in-egypt\/\">\r\n                            Italy\u2019s Eni in talks over LNG facility in Egypt                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/07\/italys-eni-in-talks-over-lng-facility-in-egypt\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2019\/07\/07\/italys-eni-in-talks-over-lng-facility-in-egypt\/')\">\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\/07\/italys-eni-in-talks-over-lng-facility-in-egypt\/\">\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=Italy\u2019s Eni in talks over LNG facility in Egypt&url=https:\/\/enterpriseam.com\/egypt\/2019\/07\/07\/italys-eni-in-talks-over-lng-facility-in-egypt\/\">\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\/07\/italys-eni-in-talks-over-lng-facility-in-egypt\/&title=Italy\u2019s Eni in talks over LNG facility in Egypt\">\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=Italy%E2%80%99s+Eni+in+talks+over+LNG+facility+in+Egypt+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F07%2F07%2Fitalys-eni-in-talks-over-lng-facility-in-egypt%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\/07\/italys-eni-in-talks-over-lng-facility-in-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596743\" class=\"content-area-description single-story post-596743 post type-post status-publish format-standard hentry category-energy tag-energy tag-eni tag-enterpriseam tag-italy tag-oil-and-gas wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Italy\u2019s Eni is in talks over an LNG facility in Damietta that should begin operations \u201csoon this year,\u201d Reuters quoted <a href=\"https:\/\/arabic.euronews.com\/2019\/07\/05\/eni-egypt-as7\">CEO Claudio Descalzi<\/a> as saying, without providing any further details.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/eni\/\">Eni<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/italy\/\">Italy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/oil-and-gas\/\">oil and gas<\/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=\"596747\" 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=\"596747\">\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\">Infrastructure<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/07\/metito-to-establish-egp-1-6-bn-desalination-plant-in-el-arish\/\">\r\n                            Metito to establish EGP 1.6 bn desalination plant in El Arish                        <\/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\/07\/metito-to-establish-egp-1-6-bn-desalination-plant-in-el-arish\/\" 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\/07\/metito-to-establish-egp-1-6-bn-desalination-plant-in-el-arish\/')\">\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\/07\/metito-to-establish-egp-1-6-bn-desalination-plant-in-el-arish\/\">\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=Metito to establish EGP 1.6 bn desalination plant in El Arish&url=https:\/\/enterpriseam.com\/egypt\/2019\/07\/07\/metito-to-establish-egp-1-6-bn-desalination-plant-in-el-arish\/\">\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\/07\/metito-to-establish-egp-1-6-bn-desalination-plant-in-el-arish\/&title=Metito to establish EGP 1.6 bn desalination plant in El Arish\">\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=Metito+to+establish+EGP+1.6+bn+desalination+plant+in+El+Arish+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F07%2F07%2Fmetito-to-establish-egp-1-6-bn-desalination-plant-in-el-arish%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\/07\/metito-to-establish-egp-1-6-bn-desalination-plant-in-el-arish\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596747\" class=\"content-area-description single-story post-596747 post type-post status-publish format-standard hentry category-infrastructure tag-enterpriseam tag-infrastructure tag-metito tag-north-sinai tag-orascom-construction tag-water wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>UAE-based water treatment company <a href=\"http:\/\/www.metito.com\/\">Metito<\/a> will establish a EGP 1.6 bn water desalination plant in El Arish with a capacity of 100k cubic meters per day, <a href=\"https:\/\/alborsaanews.com\/2019\/07\/04\/1220831\">the local press reports<\/a>. The project is being constructed in cooperation with Orascom, and is slated for completion in 2021, Metito CEO Karim Medour said.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/metito\/\">Metito<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/north-sinai\/\">North Sinai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/orascom-construction\/\">Orascom Construction<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/water\/\">water<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"596748\" 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=\"596748\">\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\">Health + Education<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/07\/sodic-supported-initiative-educate-me-inks-mou-with-education-ministry\/\">\r\n                            SODIC-supported initiative Educate Me inks MoU with Education Ministry                        <\/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\/07\/sodic-supported-initiative-educate-me-inks-mou-with-education-ministry\/\" 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\/07\/sodic-supported-initiative-educate-me-inks-mou-with-education-ministry\/')\">\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\/07\/sodic-supported-initiative-educate-me-inks-mou-with-education-ministry\/\">\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=SODIC-supported initiative Educate Me inks MoU with Education Ministry&url=https:\/\/enterpriseam.com\/egypt\/2019\/07\/07\/sodic-supported-initiative-educate-me-inks-mou-with-education-ministry\/\">\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\/07\/sodic-supported-initiative-educate-me-inks-mou-with-education-ministry\/&title=SODIC-supported initiative Educate Me inks MoU with Education Ministry\">\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=SODIC-supported+initiative+Educate+Me+inks+MoU+with+Education+Ministry+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F07%2F07%2Fsodic-supported-initiative-educate-me-inks-mou-with-education-ministry%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\/07\/sodic-supported-initiative-educate-me-inks-mou-with-education-ministry\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596748\" class=\"content-area-description single-story post-596748 post type-post status-publish format-standard hentry category-health-education tag-education tag-enterpriseam tag-health-education tag-sodic wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>SODIC-supported initiative <a href=\"https:\/\/educateme-egypt.org\/about-us\/about-educate-me\/\">Educate Me<\/a> (Alemny) has inked an MoU with the Education Ministry to support public education on a national scale, the upmarket real estate developer said <a href=\"https:\/\/ent.news\/2019\/7\/2772.pdf\">in press release (pdf)<\/a>. Educate Me is a non-profit supported by SODIC and self-styled venture philanthropy organization Alfanar. It operates a pre-school in Talbiya, as well as a government-certified community school. The organization also trains public school teachers.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/health-education\/\">Health + Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sodic\/\">SODIC<\/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=\"596750\" 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=\"596750\">\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\">Tourism<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/07\/iberia-airlines-to-launch-direct-madrid-cairo-flights-in-march-2020\/\">\r\n                            Iberia Airlines to launch direct Madrid-Cairo flights in March 2020                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/07\/iberia-airlines-to-launch-direct-madrid-cairo-flights-in-march-2020\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2019\/07\/07\/iberia-airlines-to-launch-direct-madrid-cairo-flights-in-march-2020\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2019\/07\/07\/iberia-airlines-to-launch-direct-madrid-cairo-flights-in-march-2020\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Iberia Airlines to launch direct Madrid-Cairo flights in March 2020&url=https:\/\/enterpriseam.com\/egypt\/2019\/07\/07\/iberia-airlines-to-launch-direct-madrid-cairo-flights-in-march-2020\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2019\/07\/07\/iberia-airlines-to-launch-direct-madrid-cairo-flights-in-march-2020\/&title=Iberia Airlines to launch direct Madrid-Cairo flights in March 2020\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Iberia+Airlines+to+launch+direct+Madrid-Cairo+flights+in+March+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F07%2F07%2Fiberia-airlines-to-launch-direct-madrid-cairo-flights-in-march-2020%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/07\/iberia-airlines-to-launch-direct-madrid-cairo-flights-in-march-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596750\" class=\"content-area-description single-story post-596750 post type-post status-publish format-standard hentry category-tourism tag-aviation tag-enterpriseam tag-spain tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Spain\u2019s Iberia Airlines will begin operating four direct flights a week between Madrid and Cairo from 2 March, 2020, <a href=\"https:\/\/grupo.iberia.com\/news\/28062019\/iberia-to-offer-non-stop-flights-from-madrid-to-cairo\">the company said in a statement<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/aviation\/\">aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/spain\/\">Spain<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"596751\" 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=\"596751\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">Banking + Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/07\/aman-in-talks-with-four-banks-to-increase-credit-portfolio-to-egp-700-mn\/\">\r\n                            Aman in talks with four banks to increase credit portfolio to EGP 700 mn                        <\/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\/07\/aman-in-talks-with-four-banks-to-increase-credit-portfolio-to-egp-700-mn\/\" 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\/07\/aman-in-talks-with-four-banks-to-increase-credit-portfolio-to-egp-700-mn\/')\">\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\/07\/aman-in-talks-with-four-banks-to-increase-credit-portfolio-to-egp-700-mn\/\">\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=Aman in talks with four banks to increase credit portfolio to EGP 700 mn&url=https:\/\/enterpriseam.com\/egypt\/2019\/07\/07\/aman-in-talks-with-four-banks-to-increase-credit-portfolio-to-egp-700-mn\/\">\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\/07\/aman-in-talks-with-four-banks-to-increase-credit-portfolio-to-egp-700-mn\/&title=Aman in talks with four banks to increase credit portfolio to EGP 700 mn\">\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=Aman+in+talks+with+four+banks+to+increase+credit+portfolio+to+EGP+700+mn+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F07%2F07%2Faman-in-talks-with-four-banks-to-increase-credit-portfolio-to-egp-700-mn%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\/07\/aman-in-talks-with-four-banks-to-increase-credit-portfolio-to-egp-700-mn\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596751\" class=\"content-area-description single-story post-596751 post type-post status-publish format-standard hentry category-banking-finance tag-aman-financial-services tag-banking tag-banking-finance tag-enterpriseam tag-finance tag-microfinance tag-raya-holding tag-smes wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Raya Holding\u2019s microfinance arm Aman is in talks with four banks to increase its credit portfolio to EGP 700 mn by the end of 2019, up from EGP 445 mn, head of microfinance Ahmed El Khatib said, <a href=\"https:\/\/almalnews.com\/%d8%a3%d9%85%d8%a7%d9%86-%d8%aa%d8%b6%d8%ae-275-%d9%85%d9%84%d9%8a%d9%88%d9%86-%d8%ac%d9%86%d9%8a%d9%87-%d8%aa%d9%85%d9%88%d9%8a%d9%84%d8%a7%d8%aa-%d9%85%d8%aa%d9%86%d8%a7%d9%87%d9%8a\/\">according to Al Mal<\/a>. <a href=\"https:\/\/enterprise.press\/stories\/2019\/06\/11\/raya-holding-subsidiary-to-increase-credit-portfolio-to-c-egp-500-mn\/\">The company said<\/a> last month it intended to increase its portfolio to about EGP 500 mn by the end of the year.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/aman-financial-services\/\">Aman Financial Services<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/finance\/\">Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/microfinance\/\">microfinance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/raya-holding\/\">Raya Holding<\/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=\"596752\" 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=\"596752\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">Other Business News of Note<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/07\/edita-to-break-ground-on-usd-20-mn-morocco-production-facility-this-month\/\">\r\n                            Edita to break ground on USD 20 mn Morocco production facility this month                        <\/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\/07\/edita-to-break-ground-on-usd-20-mn-morocco-production-facility-this-month\/\" 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\/07\/edita-to-break-ground-on-usd-20-mn-morocco-production-facility-this-month\/')\">\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\/07\/edita-to-break-ground-on-usd-20-mn-morocco-production-facility-this-month\/\">\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=Edita to break ground on USD 20 mn Morocco production facility this month&url=https:\/\/enterpriseam.com\/egypt\/2019\/07\/07\/edita-to-break-ground-on-usd-20-mn-morocco-production-facility-this-month\/\">\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\/07\/edita-to-break-ground-on-usd-20-mn-morocco-production-facility-this-month\/&title=Edita to break ground on USD 20 mn Morocco production facility this month\">\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=Edita+to+break+ground+on+USD+20+mn+Morocco+production+facility+this+month+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F07%2F07%2Fedita-to-break-ground-on-usd-20-mn-morocco-production-facility-this-month%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\/07\/edita-to-break-ground-on-usd-20-mn-morocco-production-facility-this-month\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596752\" class=\"content-area-description single-story post-596752 post type-post status-publish format-standard hentry category-other-business-news-of-note tag-edita tag-enterpriseam tag-food-and-beverage tag-manufacturing tag-morocco tag-other-business-news-of-note wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Edita Food Industries will begin constructing its USD 20 mn snack food production facility in Morocco before the beginning of August, <a href=\"https:\/\/almalnews.com\/%d8%a5%d9%8a%d8%af%d9%8a%d8%aa%d8%a7-%d9%88%d8%af%d9%8a%d8%b3%d9%84%d9%88%d8%ac-%d8%aa%d8%b6%d8%ae%d8%a7%d9%86-%d8%a7%d8%b3%d8%aa%d8%ab%d9%85%d8%a7%d8%b1%d8%a7%d8%aa-20-%d9%85\/\">Al Mal reports<\/a>. The plant will be built in collaboration with <a href=\"https:\/\/dislogroup.com\/\">Morocco\u2019s Dislog Group<\/a>, and is expected to begin production in 1Q2020. The project <a href=\"https:\/\/enterprise.press\/stories\/2018\/03\/15\/edita-signs-agreement-with-dislog-for-morocco-venture\/\">was first announced<\/a> back in March 2018, and was originally expected to cost USD 10 mn and start operations this year. The two companies <a href=\"https:\/\/enterprise.press\/stories\/2017\/12\/11\/edita-enters-morocco-in-jv-with-leading-moroccan-distributor\/\">agreed to set up a JV<\/a> in December 2017 named Edita Food Industries - Morocco, with Edita owning a 51% stake.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/edita\/\">Edita<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/food-and-beverage\/\">food and beverage<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/morocco\/\">Morocco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/other-business-news-of-note\/\">Other Business News of Note<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"596753\" 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=\"596753\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">13<\/div>\r\n\r\n                    <p class=\"f-graphik\">Sports<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/07\/turki-al-sheikh-sells-pyramids-fc-to-salem-al-shamsi\/\">\r\n                            Turki Al-Sheikh sells Pyramids FC to Salem Al-Shamsi                        <\/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\/07\/turki-al-sheikh-sells-pyramids-fc-to-salem-al-shamsi\/\" 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\/07\/turki-al-sheikh-sells-pyramids-fc-to-salem-al-shamsi\/')\">\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\/07\/turki-al-sheikh-sells-pyramids-fc-to-salem-al-shamsi\/\">\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 sells Pyramids FC to Salem Al-Shamsi&url=https:\/\/enterpriseam.com\/egypt\/2019\/07\/07\/turki-al-sheikh-sells-pyramids-fc-to-salem-al-shamsi\/\">\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\/07\/turki-al-sheikh-sells-pyramids-fc-to-salem-al-shamsi\/&title=Turki Al-Sheikh sells Pyramids FC to Salem Al-Shamsi\">\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+sells+Pyramids+FC+to+Salem+Al-Shamsi+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F07%2F07%2Fturki-al-sheikh-sells-pyramids-fc-to-salem-al-shamsi%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\/07\/turki-al-sheikh-sells-pyramids-fc-to-salem-al-shamsi\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596753\" class=\"content-area-description single-story post-596753 post type-post status-publish format-standard hentry category-_newspack_sports tag-al-ahly tag-enterpriseam tag-pyramids-fc tag-sports wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Emirati investor Salem Al-Shamsi has formally acquired Egypt\u2019s Pyramids FC from Saudi General Entertainment Authority chairman Turki Al-Sheikh, the club announced last week. Al-Sheikh had said in February that he had sold the club to Al Shamsi, before changing his mind, <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/6\/51\/337420\/Sports\/Egyptian-Football\/Emirati-investor-Salem-AlShamsi-officially-buys-Eg.aspx\">Ahram Online reports<\/a>. Pyramids FC, formerly called Al-Assiouty, stands at second place in the Egyptian Premier League, four points behind Al Ahly. Turki Al-Sheikh invested significant funds in the club in a bid to dethrone Al Ahly, as part of a complex <a href=\"https:\/\/enterprise.press\/stories\/2019\/07\/04\/turki-al-sheikhs-turbulent-tenure-in-egyptian-football-3\/\">and well-documented<\/a> relationship with Egyptian football.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/al-ahly\/\">Al Ahly<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/sports\/\">sports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"596754\" 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=\"596754\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">14<\/div>\r\n\r\n                    <p class=\"f-graphik\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/07\/the-market-yesterday-324\/\">\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\/07\/the-market-yesterday-324\/\" 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\/07\/the-market-yesterday-324\/')\">\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\/07\/the-market-yesterday-324\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=The Market Yesterday&url=https:\/\/enterpriseam.com\/egypt\/2019\/07\/07\/the-market-yesterday-324\/\">\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\/07\/the-market-yesterday-324\/&title=The Market Yesterday\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=The+Market+Yesterday+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F07%2F07%2Fthe-market-yesterday-324%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\/07\/the-market-yesterday-324\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596754\" class=\"content-area-description single-story post-596754 post type-post status-publish format-standard hentry category-the-market-yesterday tag-enterpriseam tag-the-market-yesterday wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><p><b>EGP \/ USD CBE market average: <\/b>Buy 16.54 | Sell 16.67<b><\/p>\n<p> EGP \/ USD at CIB:<\/b> Buy 16.55 | Sell 16.65<\/p>\n<p> <b>EGP \/ USD at NBE: <\/b>Buy 16.58 | Sell 16.68<\/p>\n<p><b>EGX30<\/b> (Thursday): 13,997.40 (-0.99%)<\/p>\n<p> <b>Turnover:<\/b> EGP 723 mn (3% above the 90-day average)<\/p>\n<p> <b>EGX 30 year-to-date<\/b>: +7.4%<\/p>\n<p><b>THE MARKET ON THURSDAY:<\/b> The EGX30 ended Thursday\u2019s session down 0.99%. CIB, the index heaviest constituent ended down 0.2%. EGX30\u2019s top performing constituents were Sarwa Capital up 3.0%, and Qalaa Holdings up 1.0%. Thursday\u2019s worst performing stocks were Ezz Steel down 7.9%, Egypt Kuwait Holding down 3.7% and Emaar Misr down 3.1%. The market turnover was EGP 723 mn, and regional investors were the sole net sellers.<\/p>\n<p><b>Foreigners<\/b>: Net long | EGP +32.6 mn<\/p>\n<p> <b>Regional<\/b>: Net short | EGP -43.2 mn<\/p>\n<p> <b>Domestic<\/b>: Net long | EGP +10.6 mn<\/p>\n<p><b>Retail<\/b>: 60.8% of total trades | 63.5% of buyers | 58.1% of sellers<\/p>\n<p> <b>Institutions<\/b>: 39.2% of total trades | 36.5% of buyers | 41.9% of sellers<\/p>\n<p><b>WTI:<\/b> USD 57.51 (+0.30%)<\/p>\n<p> <b>Brent:<\/b> USD 64.23 (+1.47%)<\/p>\n<p><b>Natural Gas<\/b> (Nymex, futures prices) USD 2.42 MMBtu, (+0.33%, August 2019 contract)<\/p>\n<p> <b>Gold:<\/b> USD 1,400.10 \/ troy ounce (-1.46%)<\/p>\n<\/p>\n<p><b>TASI:<\/b> 8,846.53 (-0.08%) (YTD: +13.03%)<\/p>\n<p> <b>ADX:<\/b> 4,999.46 (+0.20%) (YTD: +1.72%)<\/p>\n<p> <b>DFM:<\/b> 2,660.53 (-0.21%) (YTD: 5.17%)<\/p>\n<p> <b>KSE Premier Market:<\/b> 6,544.28 (+0.59%)<\/p>\n<p> <b>QE:<\/b> 10,566.52 (-0.23%) (YTD: +2.60%)<\/p>\n<p> <b>MSM:<\/b> 3,822.59 (-0.06%) (YTD: -11.59%)<\/p>\n<p> <b>BB: <\/b>1,511.20 (+0.85%) (YTD: +13.01%)<\/p><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"596755\" 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\/07\/596755\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596755\" class=\"content-area-description single-story post-596755 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>18 September (Wednesday): <a href=\"https:\/\/ecommsummit.co\/\">E-Commerce Summit 2019<\/a>, Nil Ritz Carlton, Cairo.<\/p>\n<p>21 September (Saturday): Cairo\u2019s streets get really, really crowded as students at the nation\u2019s public schools go back to class.<\/p>\n<p>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\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":596717,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-596716","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"d93fbff0-0de3-4604-a7af-87da15fd144a","teaser":"","photo_url":"https:\/\/ent.news\/2016\/5\/12.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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