{"id":596764,"date":"2019-07-08T04:00:34","date_gmt":"2019-07-08T04:00:34","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=596764"},"modified":"2025-12-16T19:29:48","modified_gmt":"2025-12-16T19:29:48","slug":"house-passes-string-of-legislation-in-a-race-to-the-summer","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/house-passes-string-of-legislation-in-a-race-to-the-summer\/","title":{"rendered":"House passes string of legislation in a race to the summer"},"content":{"rendered":"<section id=\"596766\" 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=\"596766\">\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\/08\/what-were-tracking-on-8-july-2019-2\/\">\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\/08\/what-were-tracking-on-8-july-2019-2\/\" 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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Subsidized pasta now costs 35% less than the regular stuff sold on the market, <a href=\"https:\/\/alborsaanews.com\/2019\/07\/07\/1221816\">according to the local press<\/a>. The price cut aims to mitigate the effects of the fuel subsidy cuts <a href=\"https:\/\/enterprise.press\/stories\/2019\/07\/07\/government-raises-fuel-prices-phasing-out-remaining-fuel-subsidies\/\">implemented over the weekend<\/a>, which are expected to raise inflation and further increase the cost of living.<\/p><p><b>The post-mortem of Egypt\u2019s disastrous Afcon exit begins:<\/b> A day after the Egyptian Football Association (EFA) fired manager Javier Aguirre and the entire national team\u2019s coaching staff, authorities have begun an investigation into the governing body\u2019s administrative and financial wrongdoings, <a href=\"https:\/\/www.youm7.com\/story\/2019\/7\/7\/%D8%AC%D9%87%D8%A7%D8%AA-%D8%B3%D9%8A%D8%A7%D8%AF%D9%8A%D8%A9-%D8%AA%D8%A8%D8%AF%D8%A3-%D8%A7%D9%84%D8%AA%D8%AD%D9%82%D9%8A%D9%82-%D9%81%D9%89-%D9%85%D9%84%D9%81%D8%A7%D8%AA-%D9%81%D8%B3%D8%A7%D8%AF-%D8%A7%D8%AA%D8%AD%D8%A7%D8%AF-%D8%A7%D9%84%D9%83%D8%B1%D8%A9\/4321873\">according to Youm7<\/a>. We have the international reaction to the Pharaohs\u2019 shock 1-0 loss to South Africa on Saturday in this morning\u2019s Egypt in the News section, below.<\/p><p><b>Across the pond, football is also the talk of the town after the US brought home the women\u2019s World Cup<\/b> following a 2-0 victory over the Netherlands yesterday, <a href=\"https:\/\/www.reuters.com\/article\/us-soccer-worldcup-usa-nld-report-goal\/rapinoe-and-lavelle-give-u-s-fourth-world-cup-title-idUSKCN1U20OC\">reports Reuters<\/a>. Yesterday\u2019s win was a \u201crecord-extending\u201d fourth consecutive World Cup title for America\u2019s women\u2019s team.<\/p><hr class=\"grey-line\"><p><b>The central bank\u2019s Monetary Policy Committee will meet on Thursday to review key interest rates.<\/b> Our poll showed on Sunday a consensus among nine economists that the CBE will leave rates on hold. The MPC <a href=\"https:\/\/enterprise.press\/stories\/2019\/02\/17\/central-bank-of-egypt-cuts-interest-rates-by-100-bps-in-first-mpc-meeting-in-2019\/\">last cut interest rates in February<\/a>, when the overnight deposit and lending rates were reduced by 100 bps to 15.75% and 16.75%, respectively.<\/p><p><b>The House of Representatives is unlikely to wrap up its legislative session before Thursday<\/b>, House Speaker Ali Abdel Aal said yesterday, <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/337537\/Egypt\/Politics-\/Egypt-parliament-postpones-summer-recess-till-Thur.aspx\">according to Ahram Online<\/a>. MPs itching to get on their summer break are pushing through a pile of pending bills with final and early votes, including amendments to the Investment Act and the Mineral Resources Act and a draft law to allow foreigners who invest in Egypt to apply for citizenship. We have the full roundup in Speed Round, below.<\/p><hr class=\"grey-line\"><p><b>Easy money will only get emerging markets so far:<\/b> As growth across emerging markets stalls, investors are banking on a response from the central banks. But experience shows us that the short-term high of inflated asset prices does little to generate productive investment and stable economic growth, Jonathan Wheatley <a href=\"https:\/\/www.ft.com\/content\/f5535084-9f0c-11e9-b8ce-8b459ed04726\">writes in the FT<\/a>. EM assets have done well off the back of expectations for easing by the US Federal Reserve, but problems lie down the road should global headwinds pick up. \u201cThe fizz of EM assets in the second half of last year has begun to fade but they have been supported by the shift in expectations for the Fed,\u201d William Jackson, chief EM economist at Citibank, said. \u201cBut as the global economy continues to weaken, it could cause risk appetite to worsen and make the second half tougher for EM assets.\u201d<\/p><p><b>A contrarian view:<\/b> The results of <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-07-04\/more-joy-for-emerging-markets-now-hinges-on-fed-survey-shows\">Bloomberg\u2019s quarterly emerging-market survey<\/a> provides a more optimistic view of the six months ahead \u2014 provided you don\u2019t pay too much attention to the global backdrop. We cover this in more detail in this morning\u2019s Macro Picture, below.<\/p><hr class=\"grey-line\"><p><b>Deutsche to cull a fifth of its workforce, reduce investment arm by a third:<\/b> Deutsche Bank could cut some 18k jobs as it embarks on a radical restructuring of its investment banking arm. Germany\u2019s largest bank has seen its share price fall by a quarter over the past year after poor financial results and a string of scandals. The board plans to slash the bank\u2019s non-European securities trading, close most of its Asia-Pacific equity businesses, and dump up to EUR 80 bn in risk-weighted assets. The <a href=\"https:\/\/www.bbc.com\/news\/business-48898234\">BBC<\/a>, <a href=\"https:\/\/www.ft.com\/content\/94f979d8-a0a2-11e9-974c-ad1c6ab5efd1\">FT<\/a> and <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-07-07\/deutsche-bank-launches-major-overhaul-with-8-3-billion-charges?srnd=premium\">Bloomberg<\/a> have more.<\/p><p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/7\/1206.jpg?ssl=1\"><\/p><p><b>The Iran nuclear agreement is on the verge of collapse:<\/b> Iran will begin enriching uranium beyond the 3.67% limit agreed in 2015 with world powers, raising pressure on Europe, China, and Russia to find a way of mitigating the effects of US economic sanctions, the <a href=\"https:\/\/www.wsj.com\/articles\/iran-to-enrich-uranium-beyond-nuclear-deal-limits-11562483348\">Wall Street Journal reports<\/a>. This is <a href=\"https:\/\/enterprise.press\/stories\/2019\/07\/04\/what-were-tracking-on-4-july-2019-2\/\">the second time in a week<\/a> that Iran has broken the terms of the accord. Hours after the announcement, US President Donald Trump said the country \u201cbetter be careful,\u201d <a href=\"https:\/\/www.reuters.com\/article\/us-trump-iran\/trump-tells-iran-be-careful-after-tehran-vows-to-boost-uranium-enrichment-idUSKCN1U20SA?il=0\">Reuters reported<\/a>.<\/p><p><b>Tehran and London are in a war of words:<\/b> The UK stoked tension on the weekend after it seized an Iranian oil tanker in Gibraltar it claims was heading to Syria in violation of international sanctions. In a tit-for-tat response, Iran has threatened to detain a British tanker if its vessel is not released. <a href=\"https:\/\/www.bbc.com\/news\/uk-48882455\">The BBC has the story<\/a>.<\/p><hr class=\"grey-line\"><p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <b>Do you tend to send emails on Saturday evening to get a head start on the work week ahead?<\/b> You might be part of the reason your employees are burning out, the <a href=\"https:\/\/www.wsj.com\/articles\/sunday-night-is-the-new-monday-morning-and-workers-are-miserable-11562497212\">Wall Street Journal says<\/a>. According to healthcare professionals, nearly two thirds of working adults aged 23-38 say they feel obligated to be reachable and responsive for work outside of regular working hours, which expectedly puts a damper on their weekends and time off. Some companies in the US are now addressing work creep by imposing \u201ca vacation-blackout policy [which] bars employees from attending to business during time off.\u201d<\/p><p><b>The upshot?<\/b> Having the space to disengage from the constant flow of emails and Slack messages usually gives employees a better sense of whether something can wait until the morning or after their vacation \u2014 \u201cand 99% of the time it can absolutely wait.\u201d<\/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\/corruption\/\">Corruption<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/emerging-markets\/\">emerging markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fuel\/\">fuel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/house-of-representatives\/\">House of Representatives<\/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\/what-were-tracking-today\/\">What We&#039;re Tracking Today<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"596767\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 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src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240922.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.hsbc.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27489.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Opening up a world of opportunity<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-fk4qvaw\" data-v=\"4\" data-block-id=\"fk4qvaw\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-fk4qvaw-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-fk4qvaw-inner-blocks\">\r\n            <div 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class=\"stk-block-content stk-inner-blocks stk-7bk4rid-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\/240924.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.sodic.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27487.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Live More<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-czi1qm7\" data-v=\"4\" data-block-id=\"czi1qm7\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-czi1qm7-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-czi1qm7-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240925.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/weareinfinity.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/27483.png?fit=300%2C300&#038;ssl=1\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Powering with nature<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-f10j9fg\" data-v=\"4\" data-block-id=\"f10j9fg\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-f10j9fg-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-f10j9fg-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\/08\/el-sisis-visit-to-niger-dominates-egypts-airwaves-for-second-consecutive-night\/\">\r\n                            El Sisi\u2019s visit to Niger dominates Egypt\u2019s airwaves for second consecutive night                        <\/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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href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2019\/07\/08\/el-sisis-visit-to-niger-dominates-egypts-airwaves-for-second-consecutive-night\/&title=El Sisi\u2019s visit to Niger dominates Egypt\u2019s airwaves for second consecutive night\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=El+Sisi%E2%80%99s+visit+to+Niger+dominates+Egypt%E2%80%99s+airwaves+for+second+consecutive+night+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F07%2F08%2Fel-sisis-visit-to-niger-dominates-egypts-airwaves-for-second-consecutive-night%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\/08\/el-sisis-visit-to-niger-dominates-egypts-airwaves-for-second-consecutive-night\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596768\" class=\"content-area-description single-story post-596768 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-african-continental-free-trade-area tag-african-union 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 dominated the nation\u2019s airwaves<\/b> for the second consecutive night. El Sisi chaired yesterday the African Union\u2019s (AU) extraordinary summit, which saw the launch of the African Continental Trade Area (AfCFTA) agreement. We have the full story in Speed Round, below.<\/p>\n<p><b>El Sisi\u2019s speech in the summit\u2019s opening ceremony <\/b>got some airtime on Al Hayah Al Youm. Host Khaled Abou Bakr also highlighted AU Commission Chairperson Moussa Faki\u2019s comment that \u201cAfCFTA was an old dream of the founding fathers of the Organization of African Union (OAU),\u201d among them former President Gamal Abdel-Nasser. Abou Bakr then phoned the OAU\u2019s former assistant to the secretary general Ahmed Haggag for his two cents (<a href=\"https:\/\/www.youtube.com\/watch?v=YF7OYq94GwM\">watch, runtime: 5:37<\/a>).<\/p>\n<p><b>The details of the AfCFTA agreement were the main point of focus<\/b> for Hona Al Asema\u2019s Reham Ibrahim in her coverage of the summit <a href=\"https:\/\/www.youtube.com\/watch?v=IA-Mms7pZNk\">(watch, runtime: 1:31)<\/a>.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <b>And for your daily dose of miscellany, Sergio Ramos was in Hurghada: <\/b>Spanish footballer Sergio Ramos left Hurghada on Sunday after a five-day family retreat at the Red Sea resort town, Al Hayah Al Youm noted. Ramos is \u201cdeeply grateful\u201d for the hospitality and generosity he experienced during the visit, going as far as to call the trip \u201cone of the best trips ever\u201d in <a href=\"https:\/\/www.facebook.com\/SergioRamosOficial\/photos\/a.610679912299024\/2597097656990563\/?type=3&theater\">a Facebook post<\/a> (<a href=\"https:\/\/www.youtube.com\/watch?v=p3HZXxBnwXM\">watch, runtime: 4:19<\/a>). <b>Remember when an Egyptian lawyer <\/b><a href=\"https:\/\/enterprise.press\/stories\/2018\/05\/29\/egyptian-lawyer-wants-sergio-ramos-to-cough-up-eur-1-bn-for-injuring-mo-salah\/\"><b>wanted to make Ramos pay EUR 1 bn<\/b><\/a><b> for injuring Mo Salah<\/b> and damaging our collective psyche last year? Maybe we can blame him for our Afcon misfortunes, too.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/african-continental-free-trade-area\/\">African Continental Free Trade Area<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/african-union\/\">African Union<\/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\/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=\"596769\" 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=\"596769\">\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\/08\/house-nods-to-investment-act-law-allowing-foreigners-to-obtain-egyptian-passports\/\">\r\n                            House nods to Investment Act, law allowing foreigners to obtain Egyptian passports                        <\/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\/08\/house-nods-to-investment-act-law-allowing-foreigners-to-obtain-egyptian-passports\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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             <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=House+nods+to+Investment+Act%2C+law+allowing+foreigners+to+obtain+Egyptian+passports+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F07%2F08%2Fhouse-nods-to-investment-act-law-allowing-foreigners-to-obtain-egyptian-passports%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\/08\/house-nods-to-investment-act-law-allowing-foreigners-to-obtain-egyptian-passports\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/662.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"596770\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/08\/house-nods-to-investment-act-law-allowing-foreigners-to-obtain-egyptian-passports\/662-jpg-19\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/662.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"662.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/662.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/662.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596769\" class=\"content-area-description single-story post-596769 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round tag-enterpriseam tag-foreign-affairs tag-healthcare tag-house-of-representatives tag-investment-act tag-investment-watch tag-legislation tag-mining tag-speed-round wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a id=\"tldr-story-01\" class=\"content-anchor\"><\/a> <b>LEGISLATION WATCH- It was a busy day at the House of Representatives <\/b>as MPs rush to clear bills off their tablebefore flocking to Sahel for their annual summer recess.<\/p>\n<p><b>Amendments to the Investment Act that aim to extend incentives to<\/b><strong>\u00a0existing projects<\/strong> got a final nod at the House general assembly yesterday, <a href=\"http:\/\/www.miic.gov.eg\/Arabic\/MediaCenter\/News\/Pages\/%D9%85%D8%AC%D9%84%D8%B3-%D8%A7%D9%84%D9%86%D9%88%D8%A7%D8%A8-%D9%8A%D9%88%D8%A7%D9%81%D9%82-%D8%B9%D9%84%D9%89-%D8%AA%D8%B9%D8%AF%D9%8A%D9%84%D8%A7%D8%AA-%D9%82%D8%A7%D9%86%D9%88%D9%86-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-%D8%A8%D8%AD%D8%B6%D9%88%D8%B1-%D9%88%D8%B2%D9%8A%D8%B1%D8%A9-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-%D9%88%D8%A7%D9%84%D8%AA%D8%B9%D8%A7%D9%88%D9%86-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%89.aspx\">the Investment Ministry said in a statement<\/a>. The amendments add a clause to Article 12 that allows companies developing existing projects to benefit from incentives offered to new projects established after the law was issued in 2017.<\/p>\n<p><strong>Amendments to Article 48 <\/strong>cap notary fees on contracts at EGP 10k or 0.25% of the value of paid-up capital in a bid to lower costs for investors. The notary fees have previously been arbitrary and was an area of concern to investors.<\/p>\n<p><b>The law also means GAFI is now in charge of monitoring FDI: <\/b>The General Authority for Investments (GAFI) will be responsible for calculating FDI in order to produce accurate figures. The Central Bank of Egypt has traditionally issued FDI data along with the Investment Ministry.<\/p>\n<p><b>Amendments to the Mineral Resources Act also received initial approval<\/b>,<a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=07072019&id=270aa31b-8074-467e-bb9d-5e8dd8748944\">MENA reports<\/a>. The new amendments would introduce additional incentives for companies to invest in the mining sector. They would allow for the expansion of concession areas, granting a new authority the power to issue licenses for areas of unlimited size. If the amendments are passed, companies would be able to renew their licenses for more than one term. Separate contracts would be used for exploration and excavation areas, and royalties will be capped at 20% of the value of annual production. You can read more details about the amendments <a href=\"https:\/\/enterprise.press\/stories\/2019\/06\/11\/mineral-resources-act-amendments-set-for-parliamentary-approval-before-summer-recess\/\">here<\/a>.<\/p>\n<p><b>Legislative amendments that would allow foreigners who hold assets in Egypt to apply for citizenship<\/b> were also granted approval by the House, <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1410752\">Al Masry Al Youm reports<\/a>. The prime minister will be able to grant Egyptian passports to foreigners who buy a state-owned or private property, set up a project in accordance with the Investment Act, or deposit hard currency once the changes are signed into law by President Abdel Fattah El Sisi and the executive regulations governing them are published. An authority comprised of foreign, investment, and interior ministry officials, as well as other security authorities, will be set up to consider applications. We noted <a href=\"https:\/\/enterprise.press\/stories\/2019\/06\/11\/house-committee-approves-legislation-allowing-foreign-asset-holders-to-apply-for-egyptian-citizenship\/\">last month<\/a> that the applications, not the actual passport, would cost around USD 10,000 or the EGP equivalent.<\/p>\n<p><em>Updated on 8 July 2019 to add context<\/em><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/foreign-affairs\/\">foreign affairs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/healthcare\/\">healthcare<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/house-of-representatives\/\">House of Representatives<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-act\/\">Investment Act<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/legislation\/\">legislation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mining\/\">mining<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/speed-round\/\">SPEED ROUND<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"596782\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"596783\" 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=\"596783\">\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\">THE MACRO PICTURE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/08\/emerging-markets-to-reap-the-benefits-of-a-fed-rate-cut-bloomberg-survey\/\">\r\n                            Emerging markets to reap the benefits of a Fed rate cut -Bloomberg survey                        <\/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\/08\/emerging-markets-to-reap-the-benefits-of-a-fed-rate-cut-bloomberg-survey\/\" 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\/08\/emerging-markets-to-reap-the-benefits-of-a-fed-rate-cut-bloomberg-survey\/')\">\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\/08\/emerging-markets-to-reap-the-benefits-of-a-fed-rate-cut-bloomberg-survey\/\">\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=Emerging markets to reap the benefits of a Fed rate cut -Bloomberg survey&url=https:\/\/enterpriseam.com\/egypt\/2019\/07\/08\/emerging-markets-to-reap-the-benefits-of-a-fed-rate-cut-bloomberg-survey\/\">\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\/08\/emerging-markets-to-reap-the-benefits-of-a-fed-rate-cut-bloomberg-survey\/&title=Emerging markets to reap the benefits of a Fed rate cut -Bloomberg survey\">\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=Emerging+markets+to+reap+the+benefits+of+a+Fed+rate+cut+-Bloomberg+survey+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F07%2F08%2Femerging-markets-to-reap-the-benefits-of-a-fed-rate-cut-bloomberg-survey%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\/08\/emerging-markets-to-reap-the-benefits-of-a-fed-rate-cut-bloomberg-survey\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/7\/2360.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"596784\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/08\/emerging-markets-to-reap-the-benefits-of-a-fed-rate-cut-bloomberg-survey\/2360-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/7\/2360.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2360.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/7\/2360.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/7\/2360.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596783\" class=\"content-area-description single-story post-596783 post type-post status-publish format-standard has-post-thumbnail hentry category-the-macro-picture tag-bonds tag-currencies tag-emerging-markets tag-enterpriseam tag-equities tag-interest-rates tag-monetary-policy tag-the-macro-picture 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-04\"><\/a> <b>Emerging markets to reap the benefits of a Fed rate cut -Bloomberg survey:<\/b> Emerging market equities, bonds, and currencies will reap the benefits if the world\u2019s major central banks go ahead with expected rate cuts, according to a quarterly poll of 42 fund managers, traders, and strategists <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-07-04\/more-joy-for-emerging-markets-now-hinges-on-fed-survey-shows\">conducted by Bloomberg<\/a>. Falling interest rates in developed economies will fuel the search for yield among investors, increasing inflows into EM assets during the second half of 2019. \u201cThings have improved slightly for emerging markets as we now have the support of a dovish US Federal Reserve along with other major central banks,\u201d Hironori Sannami, EM currency trader at Mizuho Bank, told Bloomberg. \u201cWith the worst being avoided in the US-China trade war for now, higher-yielding assets are probably going to see demand.\u201d<\/p>\n<p><b>EM currencies and bonds to best advanced economies:<\/b> Almost two-thirds of survey respondents believe that EM currencies and bonds will outperform those in developed economies during the second half of the year, while just under half (49%) think that EM equities will be more favorable.<\/p>\n<p><b>EMEA the weakest region across all asset classes:<\/b> Equities, bonds and currencies in Europe, the Middle East and Africa (EMEA) will be the weakest performers over the coming six months. Respondents predict that Latin American bonds, and Asian stocks and currencies will perform the best.<\/p>\n<p><b>But what happens next depends on the Fed:<\/b> US monetary policy is seen by survey respondents as the most important factor in driving market sentiment, surpassing the US-China trade conflict and the global economic outlook.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/bonds\/\">Bonds<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/currencies\/\">currencies<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/emerging-markets\/\">emerging markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/equities\/\">equities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/interest-rates\/\">interest rates<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/monetary-policy\/\">monetary policy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-macro-picture\/\">THE MACRO PICTURE<\/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=\"596785\" 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=\"596785\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/08\/egypt-in-the-news-on-7-july-2019\/\">\r\n                            Egypt in the news on 7 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\/08\/egypt-in-the-news-on-7-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\/08\/egypt-in-the-news-on-7-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\/08\/egypt-in-the-news-on-7-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 7 July 2019&url=https:\/\/enterpriseam.com\/egypt\/2019\/07\/08\/egypt-in-the-news-on-7-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\/08\/egypt-in-the-news-on-7-july-2019\/&title=Egypt in the news on 7 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+7+July+2019+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F07%2F08%2Fegypt-in-the-news-on-7-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\/08\/egypt-in-the-news-on-7-july-2019\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596785\" class=\"content-area-description single-story post-596785 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-egypt-in-the-news tag-enterpriseam tag-mohamed-salah tag-south-africa tag-sports wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>Egypt\u2019s 0-1 Afcon defeat at the hands of South Africa is overwhelmingly dominating coverage in the foreign press today<\/b>, with many outlets observing that Mohamed Salah was not at his best and describing the Pharaohs\u2019 overall performance as \u201cflat\u201d and \u201clackluster.\u201d Coach Javier Aguirre has assumed sole responsibility for the upset, over which he was fired, but nevertheless expressed his pride in the team. Despite the shock of losing, Egyptian home fans gave the South African team a standing ovation as they left the pitch (<a href=\"https:\/\/www.bbc.com\/sport\/football\/48899049\">BBC<\/a> | <a href=\"https:\/\/af.reuters.com\/article\/sportsNews\/idAFKCN1U2091-OZASP\">Reuters<\/a> | <a href=\"https:\/\/www.thenational.ae\/sport\/football\/afcon-heartbreak-for-mohamed-salah-and-egypt-as-south-africa-reach-quarter-finals-in-pictures-1.883358\">The National<\/a> | <a href=\"http:\/\/www.xinhuanet.com\/english\/2019-07\/07\/c_138205915.htm\">Xinhua<\/a>).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/mohamed-salah\/\">Mohamed Salah<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/south-africa\/\">South Africa<\/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=\"596786\" 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=\"596786\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">ON THE FRONT PAGES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/08\/the-launch-of-afcfta-agreement-tops-egypts-state-owned-al-akhbar\/\">\r\n                            The launch of AfCFTA agreement tops Egypt\u2019s state-owned Al Akhbar                        <\/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\/08\/the-launch-of-afcfta-agreement-tops-egypts-state-owned-al-akhbar\/\" 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\/08\/the-launch-of-afcfta-agreement-tops-egypts-state-owned-al-akhbar\/')\">\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\/08\/the-launch-of-afcfta-agreement-tops-egypts-state-owned-al-akhbar\/\">\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 launch of AfCFTA agreement tops Egypt\u2019s state-owned Al Akhbar&url=https:\/\/enterpriseam.com\/egypt\/2019\/07\/08\/the-launch-of-afcfta-agreement-tops-egypts-state-owned-al-akhbar\/\">\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\/08\/the-launch-of-afcfta-agreement-tops-egypts-state-owned-al-akhbar\/&title=The launch of AfCFTA agreement tops Egypt\u2019s state-owned Al Akhbar\">\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+launch+of+AfCFTA+agreement+tops+Egypt%E2%80%99s+state-owned+Al+Akhbar+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F07%2F08%2Fthe-launch-of-afcfta-agreement-tops-egypts-state-owned-al-akhbar%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\/08\/the-launch-of-afcfta-agreement-tops-egypts-state-owned-al-akhbar\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596786\" class=\"content-area-description single-story post-596786 post type-post status-publish format-standard hentry category-on-the-front-pages tag-african-continental-free-trade-area tag-enterpriseam tag-on-the-front-pages wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>The launch of the African Continental Trade Area (AfCFTA) <\/b>during an African Union summit in Niger topped the front page of <a href=\"https:\/\/www.pressreader.com\/egypt\/al-akhbar\">state-owned Al Akhbar<\/a>. We recap the story in full in Speed Round, above. Both Al Ahram and Al Gomhuria\u2019s websites are down for yet another morning.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/african-continental-free-trade-area\/\">African Continental Free Trade Area<\/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=\"596787\" 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=\"596787\">\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\">Worth reading<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/08\/its-been-hailed-as-a-great-african-success-story-but-does-jumia-represent-a-new-kind-of-colonialism\/\">\r\n                            It\u2019s been hailed as a great African success story, but does Jumia represent a new kind of colonialism?                        <\/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\/08\/its-been-hailed-as-a-great-african-success-story-but-does-jumia-represent-a-new-kind-of-colonialism\/\" 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\/08\/its-been-hailed-as-a-great-african-success-story-but-does-jumia-represent-a-new-kind-of-colonialism\/')\">\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\/08\/its-been-hailed-as-a-great-african-success-story-but-does-jumia-represent-a-new-kind-of-colonialism\/\">\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=It\u2019s been hailed as a great African success story, but does Jumia represent a new kind of colonialism?&url=https:\/\/enterpriseam.com\/egypt\/2019\/07\/08\/its-been-hailed-as-a-great-african-success-story-but-does-jumia-represent-a-new-kind-of-colonialism\/\">\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\/08\/its-been-hailed-as-a-great-african-success-story-but-does-jumia-represent-a-new-kind-of-colonialism\/&title=It\u2019s been hailed as a great African success story, but does Jumia represent a new kind of colonialism?\">\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=It%E2%80%99s+been+hailed+as+a+great+African+success+story%2C+but+does+Jumia+represent+a+new+kind+of+colonialism%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F07%2F08%2Fits-been-hailed-as-a-great-african-success-story-but-does-jumia-represent-a-new-kind-of-colonialism%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\/08\/its-been-hailed-as-a-great-african-success-story-but-does-jumia-represent-a-new-kind-of-colonialism\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/7\/749.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"596788\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/08\/its-been-hailed-as-a-great-african-success-story-but-does-jumia-represent-a-new-kind-of-colonialism\/749-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/7\/749.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"749.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/7\/749.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/7\/749.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596787\" class=\"content-area-description single-story post-596787 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-reading tag-africa tag-enterpriseam tag-investment-watch tag-jumia tag-nyse tag-startups tag-worth-reading wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <b>It\u2019s been hailed as a great African success story, but does Jumia represent a new kind of colonialism?<\/b> The Nigeria-based online retailer \u2014 which had raised around USD 770 mn from investors by the time it <a href=\"https:\/\/enterprise.press\/stories\/2019\/03\/13\/what-were-tracking-on-13-march-2019\/\">filed for an IPO<\/a> on the NYSE in March this year \u2014 operates in 14 African countries, including Egypt, and became the first entirely Africa-focused e-commerce company to list on the US stock exchange in April. But having been incorporated in Berlin, with French executives based in Dubai comprising the most senior level of management, and with most of its capital having been raised in Europe and the US, critics are questioning whether Jumia is really African at all, <a href=\"https:\/\/www.ft.com\/content\/4625d9b8-9c16-11e9-b8ce-8b459ed04726\">the FT reports<\/a>.<\/p>\n<p><b>Surely anything that attracts investment, capitalizes on Africa\u2019s potential as a tech hub, and contributes to the expansion of its consumer economy is a good development?<\/b> That\u2019s exactly what some Jumia\u2019s supporters say. The company\u2019s Egypt CEO <a href=\"https:\/\/enterprise.press\/stories\/2019\/04\/14\/jumia-egypt-hopes-ipo-boosts-confidence-and-business\/\">Hesham Safwat argued in April<\/a> that the IPO would increase investor confidence and encourage private sector development. Investor interest in African startups is certainly growing, and with cities like Nairobi and Lagos gaining reputations as thriving tech hubs, Jumia\u2019s advocates believe that the company\u2019s success is paving the way for large-scale investment in African tech startups as a whole.<\/p>\n<p><b>Colonialism for the tech generation:<\/b> The <a href=\"https:\/\/ventureburn.com\/2018\/04\/outside-investors-bias-towards-foreigners-says-us-founder-kenyan-startup-m-shule\/\">charge of investor bias<\/a> towards expats who found African startups is leveled with regularity, and a study of startups in east Africa cited by the FT found that 90% of funding had gone to foreign founders in 2018. Cameroon-based tech entrepreneur Rebecca Enonchong argues vociferously that Jumia is not African, but a \u201ccopy paste\u201d version of an idea pioneered in Silicon Valley, rolled out by the German company Rocket Internet. This model, she believes, throttles Africa\u2019s own tech industries, which can\u2019t compete with the kind of capital companies like Jumia have access to. Enonchong argues instead that Africans with capital should be investing in early-stage local companies to support the growth of their own industries. \u201cWe cannot expect Silicon Valley to invest in African start-ups. It is our responsibility to take more ownership,\u201d she says.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/africa\/\">Africa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/jumia\/\">Jumia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/nyse\/\">NYSE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startups\/\">startups<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/worth-reading\/\">worth reading<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"596789\" 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=\"596789\">\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\">Worth watching<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/08\/why-investors-are-abandoning-triple-c-debt-an-explainer\/\">\r\n                            Why investors are abandoning triple-C debt: An explainer                        <\/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\/08\/why-investors-are-abandoning-triple-c-debt-an-explainer\/\" 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\/08\/why-investors-are-abandoning-triple-c-debt-an-explainer\/')\">\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\/08\/why-investors-are-abandoning-triple-c-debt-an-explainer\/\">\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=Why investors are abandoning triple-C debt: An explainer&url=https:\/\/enterpriseam.com\/egypt\/2019\/07\/08\/why-investors-are-abandoning-triple-c-debt-an-explainer\/\">\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\/08\/why-investors-are-abandoning-triple-c-debt-an-explainer\/&title=Why investors are abandoning triple-C debt: An explainer\">\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=Why+investors+are+abandoning+triple-C+debt%3A+An+explainer+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F07%2F08%2Fwhy-investors-are-abandoning-triple-c-debt-an-explainer%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\/08\/why-investors-are-abandoning-triple-c-debt-an-explainer\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/7\/897.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"596790\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/08\/why-investors-are-abandoning-triple-c-debt-an-explainer\/897-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/7\/897.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"897.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/7\/897.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/7\/897.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596789\" class=\"content-area-description single-story post-596789 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-watching tag-debt tag-enterpriseam tag-investment-watch tag-monetary-policy tag-worth-watching wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>During recessions, investors tend to shy away from triple-C debt.<\/b> Sounds like a no-brainer, right? Not quite. Monetary policy makers tend to respond to recessions with rate cuts, which set the stage for a trend that makes corporate borrowers much better equipped to repay their debt. With the Fed feeling the sting of slowing global growth and signaling that the cuts may be on their way, US corporate bonds should by extension become more attractive. \u201cBut for the junkiest of the junk, the trend doesn\u2019t hold,\u201d the Financial Times\u2019 Brooke Fox explains (<a href=\"https:\/\/www.ft.com\/video\/afa86ebe-951e-4f4d-b6f9-df5362713a68\">watch, runtime: 3:21<\/a>).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/monetary-policy\/\">monetary policy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/worth-watching\/\">worth watching<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"596791\" 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=\"596791\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">Basic Materials + Commodities<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/08\/supply-ministry-signs-egp-23-bn-worth-contracts-for-projects\/\">\r\n                            Supply Ministry signs EGP 23 bn-worth contracts for projects                        <\/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\/08\/supply-ministry-signs-egp-23-bn-worth-contracts-for-projects\/\" 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\/08\/supply-ministry-signs-egp-23-bn-worth-contracts-for-projects\/')\">\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\/08\/supply-ministry-signs-egp-23-bn-worth-contracts-for-projects\/\">\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=Supply Ministry signs EGP 23 bn-worth contracts for projects&url=https:\/\/enterpriseam.com\/egypt\/2019\/07\/08\/supply-ministry-signs-egp-23-bn-worth-contracts-for-projects\/\">\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\/08\/supply-ministry-signs-egp-23-bn-worth-contracts-for-projects\/&title=Supply Ministry signs EGP 23 bn-worth contracts for projects\">\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=Supply+Ministry+signs+EGP+23+bn-worth+contracts+for+projects+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F07%2F08%2Fsupply-ministry-signs-egp-23-bn-worth-contracts-for-projects%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\/08\/supply-ministry-signs-egp-23-bn-worth-contracts-for-projects\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596791\" class=\"content-area-description single-story post-596791 post type-post status-publish format-standard hentry category-basic-materials-commodities tag-basic-materials-commodities tag-commodities tag-enterpriseam tag-supply-ministry wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The Supply Ministry signed on Sunday eight contracts worth a combined EGP 23 bn with various investors to build logistics zones, shopping malls, and hotels in a number of governorates, <a href=\"https:\/\/hapijournal.com\/2019\/07\/07\/%D8%A7%D9%84%D8%AA%D9%85%D9%88%D9%8A%D9%86-%D8%AA%D9%88%D9%82%D8%B9-8-%D8%B9%D9%82%D9%88%D8%AF-%D9%85%D9%86%D8%A7%D8%B7%D9%82-%D8%AA%D8%AC%D8%A7%D8%B1%D9%8A%D8%A9-%D9%88%D9%84%D9%88%D8%AC%D9%8A%D8%B3\/\">Hapi Journal reports<\/a>. HyperOne, Seoudi, Stone District, and MWS for Development and Commercial Investment were among the companies that signed contracts. MWS will set up a EGP 2 bn commercial logistics zone in Beheira comprising a shopping mall, hypermarket, hotel, aquapark, recreational areas, sports facilities, and a car showroom and maintenance center, CEO and Chairman Mohamed El Sherif separately <a href=\"https:\/\/www.alborsaanews.com\/2019\/07\/07\/1222048\">told the local press<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/basic-materials-commodities\/\">Basic Materials + Commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/commodities\/\">commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/supply-ministry\/\">Supply Ministry<\/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=\"596793\" 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=\"596793\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">Manufacturing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/08\/saudis-al-romaizan-to-set-up-egp-500-mn-gold-factory-in-egypt\/\">\r\n                            Saudi\u2019s Al-Romaizan to set up EGP 500 mn gold factory 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\/08\/saudis-al-romaizan-to-set-up-egp-500-mn-gold-factory-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\/08\/saudis-al-romaizan-to-set-up-egp-500-mn-gold-factory-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\/08\/saudis-al-romaizan-to-set-up-egp-500-mn-gold-factory-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=Saudi\u2019s Al-Romaizan to set up EGP 500 mn gold factory in Egypt&url=https:\/\/enterpriseam.com\/egypt\/2019\/07\/08\/saudis-al-romaizan-to-set-up-egp-500-mn-gold-factory-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\/08\/saudis-al-romaizan-to-set-up-egp-500-mn-gold-factory-in-egypt\/&title=Saudi\u2019s Al-Romaizan to set up EGP 500 mn gold factory 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=Saudi%E2%80%99s+Al-Romaizan+to+set+up+EGP+500+mn+gold+factory+in+Egypt+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F07%2F08%2Fsaudis-al-romaizan-to-set-up-egp-500-mn-gold-factory-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\/08\/saudis-al-romaizan-to-set-up-egp-500-mn-gold-factory-in-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596793\" class=\"content-area-description single-story post-596793 post type-post status-publish format-standard hentry category-manufacturing tag-enterpriseam tag-investment-watch tag-manufacturing tag-mining wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Saudi\u2019s <a href=\"http:\/\/www.alromaizan.com\/\">Al-Romaizan for Gold & Jewellery<\/a> is planning to set up a EGP 500 mn gold processing factory in Egypt, a company source <a href=\"https:\/\/www.alborsaanews.com\/2019\/07\/07\/1222076\">told the press<\/a>. The facility will be located in either 6 October or Obour City, will employ between 500-1000 workers in the first three years, and is expected to produce between 5-10 tonnes of gold a year.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/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\/mining\/\">mining<\/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=\"596794\" 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=\"596794\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">Health + Education<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/08\/auc-cairo-university-ain-shams-feature-in-qs-world-university-rankings-2020\/\">\r\n                            AUC, Cairo University, Ain Shams feature in QS World University Rankings 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\/08\/auc-cairo-university-ain-shams-feature-in-qs-world-university-rankings-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\/08\/auc-cairo-university-ain-shams-feature-in-qs-world-university-rankings-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\/08\/auc-cairo-university-ain-shams-feature-in-qs-world-university-rankings-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=AUC, Cairo University, Ain Shams feature in QS World University Rankings 2020&url=https:\/\/enterpriseam.com\/egypt\/2019\/07\/08\/auc-cairo-university-ain-shams-feature-in-qs-world-university-rankings-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\/08\/auc-cairo-university-ain-shams-feature-in-qs-world-university-rankings-2020\/&title=AUC, Cairo University, Ain Shams feature in QS World University Rankings 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=AUC%2C+Cairo+University%2C+Ain+Shams+feature+in+QS+World+University+Rankings+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F07%2F08%2Fauc-cairo-university-ain-shams-feature-in-qs-world-university-rankings-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\/08\/auc-cairo-university-ain-shams-feature-in-qs-world-university-rankings-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596794\" class=\"content-area-description single-story post-596794 post type-post status-publish format-standard hentry category-health-education tag-auc tag-education tag-enterpriseam tag-health-education wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The <a href=\"https:\/\/www.topuniversities.com\/universities\/american-university-cairo#883575\">American University in Cairo (AUC)<\/a> has once again assumed its ranking of #395 out of the 1k universities ranked in the 2020 annual publication of the <a href=\"https:\/\/www.topuniversities.com\/university-rankings\/employability-rankings\/2019\">Quacquarelli Symonds (QS) World University Rankings<\/a>. This is up from its ranking of #420 in the 2019 edition, bringing it back to its 2018 position. <a href=\"https:\/\/www.topuniversities.com\/universities\/cairo-university\">Cairo University<\/a> landed in the 521-530 bracket, and <a href=\"https:\/\/www.topuniversities.com\/universities\/ain-shams-university\">Ain Shams<\/a> ranks among the top 801-1000 universities.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/auc\/\">AUC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"596795\" 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=\"596795\">\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\">Tourism<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/08\/ode-to-open-two-new-gouna-hotels-in-coming-months\/\">\r\n                            ODE to open two new Gouna hotels in coming months                        <\/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\/08\/ode-to-open-two-new-gouna-hotels-in-coming-months\/\" 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\/08\/ode-to-open-two-new-gouna-hotels-in-coming-months\/')\">\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\/08\/ode-to-open-two-new-gouna-hotels-in-coming-months\/\">\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=ODE to open two new Gouna hotels in coming months&url=https:\/\/enterpriseam.com\/egypt\/2019\/07\/08\/ode-to-open-two-new-gouna-hotels-in-coming-months\/\">\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\/08\/ode-to-open-two-new-gouna-hotels-in-coming-months\/&title=ODE to open two new Gouna hotels in coming months\">\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=ODE+to+open+two+new+Gouna+hotels+in+coming+months+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F07%2F08%2Fode-to-open-two-new-gouna-hotels-in-coming-months%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\/08\/ode-to-open-two-new-gouna-hotels-in-coming-months\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596795\" class=\"content-area-description single-story post-596795 post type-post status-publish format-standard hentry category-tourism tag-el-gouna tag-enterpriseam tag-orascom-development-egypt tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Orascom Development Egypt (ODE) will open two new hotels in Red Sea resort town El Gouna in the coming few months, <a href=\"https:\/\/hapijournal.com\/2019\/07\/07\/%d8%ae%d8%a7%d9%84%d8%af-%d8%a8%d8%b4%d8%a7%d8%b1%d8%a9-%d8%a3%d9%88%d8%b1%d8%a7%d8%b3%d9%83%d9%88%d9%85-%d9%84%d9%84%d8%aa%d9%86%d9%85%d9%8a%d8%a9-%d8%aa%d8%b3%d8%aa%d8%b9%d8%af-%d9%84%d8%a7%d9%81\/\">CEO Khaled Bishara said<\/a>. ODE had <a href=\"https:\/\/enterprise.press\/stories\/2018\/12\/20\/odes-agreement-with-thomas-cook-worth-egp-200-mn\/\">signed<\/a> an EGP 200 mn agreement with Thomas Cook to develop a Gouna hotel and rebrand another in the same town. The agreement will see Orascom Hotels Management (OHM), an ODE subsidiary, develop Casa Cook Hotel, which will open in October, and rebrand Arena Inn into Cook\u2019s Club Hotel, which will open in August.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/el-gouna\/\">El Gouna<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/orascom-development-egypt\/\">Orascom Development Egypt<\/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=\"596797\" 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=\"596797\">\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\">Banking + Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/08\/nacc-begins-talks-with-major-banks-for-egp-20-bn-financing\/\">\r\n                            NACC begins talks with major banks for EGP 20 bn financing                        <\/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\/08\/nacc-begins-talks-with-major-banks-for-egp-20-bn-financing\/\" 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\/08\/nacc-begins-talks-with-major-banks-for-egp-20-bn-financing\/')\">\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\/08\/nacc-begins-talks-with-major-banks-for-egp-20-bn-financing\/\">\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=NACC begins talks with major banks for EGP 20 bn financing&url=https:\/\/enterpriseam.com\/egypt\/2019\/07\/08\/nacc-begins-talks-with-major-banks-for-egp-20-bn-financing\/\">\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\/08\/nacc-begins-talks-with-major-banks-for-egp-20-bn-financing\/&title=NACC begins talks with major banks for EGP 20 bn financing\">\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=NACC+begins+talks+with+major+banks+for+EGP+20+bn+financing+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F07%2F08%2Fnacc-begins-talks-with-major-banks-for-egp-20-bn-financing%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\/08\/nacc-begins-talks-with-major-banks-for-egp-20-bn-financing\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596797\" class=\"content-area-description single-story post-596797 post type-post status-publish format-standard hentry category-banking-finance tag-arab-african-international-bank tag-banking tag-banking-finance tag-banque-misr tag-cib tag-enterpriseam tag-finance tag-infrastructure tag-national-bank-of-egypt tag-new-administrative-capital-company-for-urban-development wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The New Administrative Capital Company (NACC) has begun preliminary talks with a number of local banks to secure EGP 20 bn in financing for infrastructure works and various investment plans, <a href=\"https:\/\/almalnews.com\/%d8%a7%d9%84%d8%b9%d8%a7%d8%b5%d9%85%d8%a9-%d8%a7%d9%84%d8%a5%d8%af%d8%a7%d8%b1%d9%8a%d8%a9-%d8%aa%d8%ae%d8%a7%d8%b7%d8%a8-%d8%a7%d9%84%d8%a8%d9%86%d9%88%d9%83-%d9%84%d9%84%d8%ad%d8%b5\/\">sources told Al Mal<\/a>. The National Bank of Egypt, Banque Misr, the Arab African International Bank, and CIB are all in talks with NACC, the sources said, adding that the lenders prefer a syndicated loan.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/arab-african-international-bank\/\">Arab African International Bank<\/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\/banque-misr\/\">Banque Misr<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cib\/\">CIB<\/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\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/national-bank-of-egypt\/\">National Bank of Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/new-administrative-capital-company-for-urban-development\/\">New Administrative Capital Company for Urban Development<\/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=\"596802\" 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=\"596802\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">14<\/div>\r\n\r\n                    <p class=\"f-graphik\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/08\/dahab-aims-to-become-a-no-plastic-zone-with-new-initiative\/\">\r\n                            Dahab aims to become a no-plastic zone with new initiative                        <\/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\/08\/dahab-aims-to-become-a-no-plastic-zone-with-new-initiative\/\" 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\/08\/dahab-aims-to-become-a-no-plastic-zone-with-new-initiative\/')\">\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\/08\/dahab-aims-to-become-a-no-plastic-zone-with-new-initiative\/\">\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=Dahab aims to become a no-plastic zone with new initiative&url=https:\/\/enterpriseam.com\/egypt\/2019\/07\/08\/dahab-aims-to-become-a-no-plastic-zone-with-new-initiative\/\">\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\/08\/dahab-aims-to-become-a-no-plastic-zone-with-new-initiative\/&title=Dahab aims to become a no-plastic zone with new initiative\">\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=Dahab+aims+to+become+a+no-plastic+zone+with+new+initiative+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F07%2F08%2Fdahab-aims-to-become-a-no-plastic-zone-with-new-initiative%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\/08\/dahab-aims-to-become-a-no-plastic-zone-with-new-initiative\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/7\/530.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"596803\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/08\/dahab-aims-to-become-a-no-plastic-zone-with-new-initiative\/530-jpg-11\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/7\/530.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"530.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/7\/530.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/7\/530.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596802\" class=\"content-area-description single-story post-596802 post type-post status-publish format-standard has-post-thumbnail hentry category-on-your-way-out tag-enterpriseam tag-hurghada tag-plastic tag-red-sea tag-south-sinai wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>Dahab has launched an initiative to become a no-plastic zone in a push to protect the environment and safeguard marine life<\/b>, <a href=\"https:\/\/egyptianstreets.com\/2019\/07\/07\/dahab-launches-initiatives-to-become-a-plastic-free-zone\/\">Egyptian Streets reports<\/a>. The City Council is running a campaign to raise awareness of the harm caused by plastic waste, and is providing training sessions to hotel workers. Voluntary clean-ups are also taking place, targeting waste on the beach and in the sea. Red Sea governor Ahmed Abdullah banned single-use plastics in June 2019, and <a href=\"https:\/\/enterprise.press\/stories\/2019\/06\/03\/hurghada-tries-to-tackle-plastic-waste-by-providing-alternatives\/\">officials in Hurghada<\/a> have been seeking to provide alternatives to plastic bags to help enforce the ban.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hurghada\/\">Hurghada<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/plastic\/\">plastic<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/red-sea\/\">Red Sea<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/south-sinai\/\">South Sinai<\/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=\"596804\" 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=\"596804\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">15<\/div>\r\n\r\n                    <p class=\"f-graphik\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/08\/the-market-yesterday-325\/\">\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\/08\/the-market-yesterday-325\/\" 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\/08\/the-market-yesterday-325\/')\">\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\/08\/the-market-yesterday-325\/\">\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\/08\/the-market-yesterday-325\/\">\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\/08\/the-market-yesterday-325\/&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%2F08%2Fthe-market-yesterday-325%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\/08\/the-market-yesterday-325\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596804\" class=\"content-area-description single-story post-596804 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 16.57 | Sell 16.67<\/p>\n<p><b>EGX30<\/b> (Sunday): 14,013 (+0.1%)<\/p>\n<p> <b>Turnover:<\/b> EGP 470 mn (32% below the 90-day average)<\/p>\n<p> <b>EGX 30 year-to-date<\/b>: +7.5%<\/p>\n<p><b>THE MARKET ON SUNDAY:<\/b> The EGX30 ended Sunday\u2019s session up 0.1%. CIB, the index heaviest constituent ended up 0.8%. EGX30\u2019s top performing constituents were Eastern Company up 3.4%, and Emaar Misr up 1.9%. Yesterday\u2019s worst performing stocks were Ezz Steel down 6.0%, Egyptian Iron & Steel down 3.5% and Sarwa Capital Holding down 3.1%. The market turnover was EGP 470 mn, and local investors were the sole net buyers.<\/p>\n<p><b>Foreigners<\/b>: Net Short | EGP -59.4 mn<\/p>\n<p> <b>Regional<\/b>: Net Short | EGP -41.8 mn<\/p>\n<p> <b>Domestic<\/b>: Net Long | EGP +101.2 mn<\/p>\n<p><b>Retail<\/b>: 57.3% of total trades | 60.1% of buyers | 54.6% of sellers<\/p>\n<p> <b>Institutions<\/b>: 42.7% of total trades | 39.9% of buyers | 45.4% of sellers<\/p>\n<p><b>WTI:<\/b> USD 57.63 (+0.21%)<\/p>\n<p> <b>Brent:<\/b> USD 64.36 (+0.20%)<\/p>\n<p><b>Natural Gas<\/b> (Nymex, futures prices) USD 2.46 MMBtu, (+0.04, August 2019 contract)<\/p>\n<p> <b>Gold:<\/b> USD 1,395.70 \/ troy ounce (-0.31%)<\/p>\n<\/p>\n<p><b>TASI:<\/b> 8,811.11 (-0.40%) (YTD: +12.58%)<\/p>\n<p> <b>ADX:<\/b> 5,003.29 (+0.08%) (YTD: +1.79%)<\/p>\n<p> <b>DFM:<\/b> 2,648.59 (-0.45%) (YTD: +4.70%)<\/p>\n<p> <b>KSE Premier Market:<\/b> 6,623.13 (+1.2%)<\/p>\n<p> <b>QE:<\/b> 10,518.2 (-0.46%) (YTD: +2.13%)<\/p>\n<p> <b>MSM:<\/b> 3,816.73 (-0.15%) (YTD: -11.73%)<\/p>\n<p> <b>BB: <\/b>1,537.05 (+1.71%) (YTD: +14.94%)<\/p><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-market-yesterday\/\">The Market Yesterday<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"596805\" 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\/08\/596805\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-596805\" class=\"content-area-description single-story post-596805 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>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>, Nile Ritz Carlton, Cairo.<\/p>\n<p>21 September (Saturday): Cairo\u2019s streets get really, really crowded as students at the nation\u2019s public schools go back to class.<\/p>\n<p>26 September (Thursday): Central Bank of Egypt\u2019s monetary policy committee will meet to review interest rates.<\/p>\n<p>October: <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1405897\">A forum<\/a> will be organized by Russia\u2019s Rosatom and the Nuclear Power Plants Authority to introduce local suppliers and contractors to the Dabaa nuclear plant.<\/p>\n<p>6 October (Sunday): Armed Forces Day, national holiday.<\/p>\n<p>10-13 October (Tuesday-Sunday): <a href=\"http:\/\/biwarabia.com\/en\/\">Big Industrial Week Arabia 2019<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>23-24 October (Wednesday-Thursday): <a href=\"http:\/\/platforms-root-technologies.com\/icec-2019\/\">Intelligent Cities Exhibition & Conference<\/a>, Hilton Heliopolis, Cairo.<\/p>\n<p>23 October-1 November (Wednesday-Friday): CIB PSA Women\u2019s World Championship, Great Pyramid of Giza, Cairo.<\/p>\n<p>24 October (Thursday): <a href=\"http:\/\/en.kremlin.ru\/events\/president\/news\/60592\">Russia-Africa Summit<\/a> to take place in Sochi, co-chaired by Vladimir Putin and President Abdel Fattah El Sisi.<\/p>\n<p>28 October-22 November (Monday-Friday): <a href=\"https:\/\/www.itu.int\/en\/ITU-R\/conferences\/wrc\/2019\/Pages\/default.aspx\">World Radiocommunication Conference 2019<\/a>, Sharm El Sheikh, Egypt.<\/p>\n<p>29-30 October (Tuesday-Wednesday): US Federal Open Market Committee will hold its two-day policy meeting to review the interest rate.<\/p>\n<p>31 October-2 November (Thursday-Saturday): Angel Oasis 2019, organized by the <a href=\"http:\/\/www.mainmena.com\/\">Middle East Angel Investment Network (MAIN)<\/a>, El Gouna, Egypt.<\/p>\n<p>3-5 November (Sunday-Tuesday): <a href=\"https:\/\/www.electricxegypt.com\/en\/Homepage.html\">Electrix 2019<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>9 November (Saturday): Prophet Mohammed's birthday, national holiday.<\/p>\n<p>10-14 November (Sunday-Thursday): <a href=\"https:\/\/geomeast.org\/\">GeoMEast International Congress and Exhibition<\/a>, Marriott, Cairo.<\/p>\n<p>14-17 November (Thursday-Sunday): <a href=\"http:\/\/www.mactech.com.eg\/\">Machtech Expo<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>14-17 November (Thursday-Sunday): <a href=\"http:\/\/www.transpotech-eg.com\/\">Transpotech Expo<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>14-17 November (Thursday-Sunday): <a href=\"http:\/\/www.airtech-eg.com\/\">Airtech Expo<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>November: Suez Canal Conference for Investment, organized in cooperation with the <a href=\"https:\/\/www.youm7.com\/story\/2019\/5\/21\/%D8%B3%D9%81%D9%8A%D8%B1-%D8%A7%D9%84%D8%A7%D8%AA%D8%AD%D8%A7%D8%AF-%D8%A7%D9%84%D8%A3%D9%88%D8%B1%D9%88%D8%A8%D9%89-%D9%86%D9%86%D8%B8%D9%85-%D9%85%D8%B9-%D9%85%D8%B5%D8%B1-%D9%85%D8%A4%D8%AA%D9%85%D8%B1-%D9%82%D9%86%D8%A7%D8%A9-%D8%A7%D9%84%D8%B3%D9%88%D9%8A%D8%B3-%D9%84%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1\/4251626\">European Union<\/a><\/p>\n<p>December: Egypt <a href=\"https:\/\/www.almalnews.com\/Story\/402348\/14\/-%D9%85%D8%B5%D8%B1-%D8%AA%D8%B3%D8%AA%D8%B6%D9%8A%D9%81-%D9%85%D8%B9%D8%B1%D8%B6--%D8%A8%D8%A7%D9%83-%D8%A8%D8%B1%D9%88%D8%B3%D9%8A%D8%B3--%D8%A7%D9%84%D8%B9%D8%A7%D9%85-%D8%A7%D9%84%D9%85%D9%82%D8%A8%D9%84-\">will host for the first time<\/a> the Pack Process trade expo for the Middle East and African region.<\/p>\n<p>3-6 December (Tuesday-Friday): <a href=\"http:\/\/www.cairowoodshow.com\/\">Cairo WoodShow<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>9-11 December (Monday-Wednesday): <a href=\"http:\/\/www.pacprocess-mea.com\/\">Pacprocess Middle East Africa<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>9-11 December (Monday-Wednesday): <a href=\"http:\/\/www.foodafrica-expo.com\/\">Food Africa 2019 Expo<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>10-11 December (Tuesday-Wednesday): US Federal Open Market Committee will hold its two-day policy meeting to review the interest rate.<\/p>\n<p>26 December (Thursday): Central Bank of Egypt\u2019s monetary policy committee will meet to review interest rates.<\/p>\n<p>9-12 January 2020 (Tuesday-Sunday): <a href=\"http:\/\/www.plastex-online.com\/\">PLASTEX<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>25 January 2020 (Saturday): 25 January revolution anniversary \/ Police Day, national holiday.<\/p>\n<p>25 January 2020 (Saturday): Midterm break for public schools and universities. Also known as: Two weeks of good commute.<\/p>\n<p>8 February (Saturday): Midterm break ends. Traffic in Cairo stinks once more.<\/p>\n<p>11-13 February 2020 (Tuesday-Thursday): <a href=\"https:\/\/www.egyps.com\/\">Egypt Petroleum Show<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>25-26 March (Wednesday-Thursday): <a href=\"http:\/\/www.megaprojectsconf.com\/\">Mega Projects Conference<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":596765,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-596764","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"68f8a8b6-e7ea-40c6-8322-e1b4fec41249","teaser":"","photo_url":"https:\/\/ent.news\/2020\/8\/169.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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