{"id":597707,"date":"2019-05-02T04:11:11","date_gmt":"2019-05-02T04:11:11","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=597707"},"modified":"2025-12-16T20:01:49","modified_gmt":"2025-12-16T20:01:49","slug":"did-you-miss-us","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/did-you-miss-us\/","title":{"rendered":"Did you miss us?"},"content":{"rendered":"<section id=\"597709\" 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=\"597709\">\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\/05\/02\/what-were-tracking-on-2-may-2019\/\">\r\n                            What we\u2019re tracking on 2 May 2019                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/what-were-tracking-on-2-may-2019\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/what-were-tracking-on-2-may-2019\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/what-were-tracking-on-2-may-2019\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=What we\u2019re tracking on 2 May 2019&url=https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/what-were-tracking-on-2-may-2019\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/what-were-tracking-on-2-may-2019\/&title=What we\u2019re tracking on 2 May 2019\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=What+we%E2%80%99re+tracking+on+2+May+2019+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F05%2F02%2Fwhat-were-tracking-on-2-may-2019%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/what-were-tracking-on-2-may-2019\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-597709\" class=\"content-area-description single-story post-597709 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-amazon tag-apple tag-diplomacy tag-emerging-markets tag-enterpriseam tag-finance-ministry tag-interest-rates tag-jordan tag-tourism tag-us-federal-reserve tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_27645\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\">\n<p class=\"f-graphik\" style=\"font-size:14px\">Together with<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27482.svg\" alt=\"\" class=\"wp-image-27482\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><b>\u2026And we\u2019re back, ladies and gentlemen.<\/b> Bright eyed and fresh faced from a wonderful extended weekend. What did we do over the break? Exactly nothing \u2014 and <a href=\"https:\/\/www.nytimes.com\/2019\/04\/29\/smarter-living\/the-case-for-doing-nothing.html\">we have the New York Times on our side<\/a> on that front.<\/p><p><b>Lest you need a reminder: Ramadan looks set to begin on Monday.<\/b> Banks and the EGX will move to shorter hours.<\/p><p><b>Owe the government money? If it\u2019s more than EGP 500, you need to pay it electronically. <\/b>A Finance Ministry decision that makes it mandatory for all government transactions exceeding EGP 500 to be electronic officially came into effect yesterday, according to a ministry <a href=\"http:\/\/www.mof.gov.eg\/Arabic\/MOFNews\/Press\/Pages\/news-a-28-4-2019.aspx\">statement out last week<\/a>. <b>The ministry also issued a <\/b><a href=\"http:\/\/www.mof.gov.eg\/MOFGallerySource\/Arabic\/PDF\/Instructions-April2019.pdf\"><b>set of guidelines (pdf)<\/b><\/a><b> on how to correctly make electronic payments.<\/b> The move to e-payment for government services, which was mandated by the National Payments Council, is meant to help regulate public spending and drive financial inclusion.<\/p><p><b>Tourism Minister Rania Al Mashat <\/b><a href=\"https:\/\/www.youm7.com\/story\/2019\/4\/30\/%D8%A7%D9%84%D8%AF%D9%83%D8%AA%D9%88%D8%B1%D8%A9-%D8%B1%D8%A7%D9%86%D9%8A%D8%A7-%D8%A7%D9%84%D9%85%D8%B4%D8%A7%D8%B7-%D8%AA%D8%B4%D8%A7%D8%B1%D9%83-%D9%81%D9%89-%D9%81%D8%B9%D8%A7%D9%84%D9%8A%D8%A7%D8%AA-%D9%85%D9%86%D8%AA%D8%AF%D9%89-%D8%A7%D9%84%D8%B3%D9%8A%D8%A7%D8%AD%D8%A9-%D8%A7%D9%84%D8%B9%D8%A7%D9%84%D9%85%D9%89\/4226283\"><b>is in Switzerland today<\/b><\/a> for the start of the two-day <a href=\"http:\/\/enterprise.press\/wp-content\/uploads\/2019\/05\/World-Tourism-Forum-2-3-May-2019.pdf\">World Tourism Forum<\/a>.<\/p><p><b>A new opening for Egyptian natural gas?<\/b> Jordan\u2019s King Abdullah II is coming under political pressure to scrap a USD 10 bn natural gas agreement with Israel, <a href=\"https:\/\/aawsat.com\/english\/home\/article\/1701516\/jordan-reviews-gas-agreement-israel\">Asharq Al-Awsat reported<\/a> on Tuesday. The king is reportedly looking to renegotiate the terms of the agreement under public pressure to which some in parliament are playing. Senior government officials told the newspaper that the pressure comes as part of a movement to curtail economic cooperation with Israel. <b>Egypt could look to capitalize on the situation by increasing its exports to the kingdom<\/b> should Jordan reduce its imports of Israeli gas.<\/p><p><b>Gabriel Makhlouf is the new governor of Ireland\u2019s central bank. <\/b>Born in Egypt and \u201cof British and Greek parentage,\u201d <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-05-01\/ireland-springs-surprise-as-makhlouf-named-as-central-bank-head\">Bloomberg<\/a> writes, Makhlouf, 52, is chief economic and financial advisor to New Zealand\u2019s government.<\/p><p>Key news triggers on the horizon:<\/p><ul>\n<li><b>Monthly inflation figures<\/b> are due out at the end of next week. Annual headline urban inflation <a href=\"https:\/\/enterprise.press\/stories\/2019\/04\/11\/annual-headline-inflation-eases-slightly-in-march\/\">eased slightly in March<\/a> to 14.2%, down from 14.4% the previous month. <\/li>\n<li>The CBE should announce <b>Egypt\u2019s net foreign reserves figure <\/b>for the end of April within the next few days. <\/li>\n<li><b>It\u2019s PMI week:<\/b> The <b><a href=\"https:\/\/www.markiteconomics.com\/Survey\/Page.mvc\/DiaryofReleaseDates\">purchasing managers\u2019 index<\/a><\/b> for Egypt, Saudi Arabia, and the UAE is due out on Sunday, 5 May.<\/li>\n<li><b>An IMF delegation <\/b><a href=\"https:\/\/alborsaanews.com\/2019\/04\/02\/1191915\"><b>will be in town<\/b><\/a><b> to conduct its final review of the reform program<\/b> ahead of the disbursement of the sixth and final tranche of Egypt\u2019s USD 12 bn loan.<\/li>\n<li><b>Interest rates:<\/b> The central bank\u2019s Monetary Policy Committee will meet to review interest rates on 23 May.<\/li>\n<\/ul><hr class=\"grey-line\"><p><b>The US Federal Reserve left interest rates on hold yesterday<\/b>, it <a href=\"https:\/\/www.federalreserve.gov\/monetarypolicy\/files\/monetary20190501a1.pdf\">said in a statement (pdf)<\/a>, citing slowed inflation, rising economic activity, low unemployment as well as slowdowns in both household spending and investment by businesses. The <a href=\"https:\/\/www.wsj.com\/livecoverage\/federal-reserve-may-meeting-2019?mod=article_inline\">WSJ<\/a>, the <a href=\"https:\/\/www.ft.com\/content\/c14f9eb8-6c2c-11e9-a9a5-351eeaef6d84\">Financial Times<\/a> and <a href=\"https:\/\/www.reuters.com\/article\/us-usa-fed-instantview\/fed-keeps-interest-rates-steady-as-us-economy-motors-along-idUSKCN1S74I2\">Reuters<\/a> have more on the not-so-surprising decision.<\/p><p><b>Amazon has rebranded its Souq subsidiary to become Amazon.ae in the UAE, <\/b>but continues to operate under Souq.com in its remaining Middle Eastern markets, reports <a href=\"https:\/\/www.wsj.com\/articles\/amazon-targets-middle-east-with-arabic-website-11556725584\">The Wall Street Journal.<\/a> Amazon said it would offer Arabic functionality on its app and online website while boosting product offerings amidst heightened competition in the regions\u2019 e-commerce market from local startups.<\/p><p><b>Food for thought: Millennials tried to kill the American mall, but Gen Z might save it. <\/b>It seems shoppers in Amreeka aged 7-22 \u201cstill appreciate brick and mortar,\u201d <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-04-25\/are-u-s-malls-dead-not-if-gen-z-keeps-shopping-the-way-they-do\">Bloomberg<\/a> writes, \u201cToday\u2019s teens interact differently with stores than their older siblings and Gen X parents before them.\u201d<\/p><p><b>El Face is redesigning its app to focus more on events and groups<\/b>, which are apparently the two most popular features on the social media platform, <a href=\"https:\/\/www.theverge.com\/2019\/4\/30\/18523265\/facebook-events-groups-redesign-news-feed-features-f8-2019\">according to the Verge<\/a>.<\/p><p><b>Japan has a new emperor: <\/b>Crown Prince Naruhito is now <a href=\"https:\/\/www.nytimes.com\/2019\/04\/30\/world\/asia\/japan-emperor-abdicates-akihito-naruhito.html\">Emperor Naruhito<\/a> after his father, Akihito, was given permission to abdicate. The NYT\u2019s Motoko Rich has <a href=\"https:\/\/www.nytimes.com\/2019\/04\/29\/world\/asia\/emperor-akihito.html\">a fantastic five \u201cepisode\u201d series<\/a> looking at the post-Second World War history of Japan\u2019s imperial family.<\/p><p><b>PSA- The heat wave continues today <\/b>with our favorite weather app suggesting we\u2019re looking at a high today of 37\u00b0C. The mercury is then set to ease to 30-31\u00b0C Friday and Saturday before climbing back to 38\u00b0C on Sunday and 37\u00b0C on Monday, which looks set to be the first day of Ramadan. <b>Expect some relief the second half of next week.<\/b><\/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\/amazon\/\">Amazon<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/apple\/\">Apple<\/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                            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data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"597711\" 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=\"597711\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/world-bank-extends-country-partnership-framework-with-egypt-to-2021\/\">\r\n                            World Bank extends country partnership framework with Egypt to 2021                        <\/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\/05\/02\/world-bank-extends-country-partnership-framework-with-egypt-to-2021\/\" 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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                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\/05\/02\/world-bank-extends-country-partnership-framework-with-egypt-to-2021\/&title=World Bank extends country partnership framework with Egypt to 2021\">\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 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post-597711 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-enterprise-last-nights-talk-shows tag-enterpriseam tag-world-bank wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>The World Bank extending its country partnership framework (CPF) with Egypt to 2021 stole the show on the airwaves last night. <\/b>Al Hayah Al Youm\u2019s Lobna Assal pointed out the significance of the move in light of Egypt\u2019s economic reform program (<a href=\"https:\/\/www.youtube.com\/watch?v=-8medoUxcPw\">watch, runtime: 03:05<\/a>). The decision to extend followed an official review by the group and will focus on efforts towards inclusive growth, job creation and support for the private sector.<\/p>\n<p><b>Economist Fakhry El Fiky praised the decision to extend the CPF<\/b>, explaining that the group\u2019s funding will be focused on infrastructure and social projects (<a href=\"https:\/\/www.youtube.com\/watch?v=hGg6p4EBZ1g&t=1s\">watch, runtime: 6:33<\/a>). We have more on the decision in this morning\u2019s Diplomacy + Foreign Trade section, below.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-last-nights-talk-shows\/\">Enterprise+: Last Night\u2019s Talk Shows<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-bank\/\">World Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"597712\" 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=\"597712\">\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\/05\/02\/usd-3-bn-in-chinese-financing-for-egypt-as-el-sisi-deepens-ties-with-china-at-belt-and-road-forum-in-beijing\/\">\r\n                            USD 3 bn in Chinese financing for Egypt as El Sisi deepens ties with China at Belt and Road Forum in Beijing                        <\/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\/05\/02\/usd-3-bn-in-chinese-financing-for-egypt-as-el-sisi-deepens-ties-with-china-at-belt-and-road-forum-in-beijing\/\" 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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El Sisi used the forum to draw international attention to the country\u2019s economic reform program and highlighted Egypt\u2019s drive to become a regional energy hub, according to an <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/598217480697636?__tn__=K-R\">Ittihadiya statement<\/a>. He also called on participating countries and investors to provide favorable funding terms to African countries. You can read the president\u2019s speech in full <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/597506064102111?__tn__=K-R\">here<\/a>.<\/p>\n<p><b>Egypt has closed some USD 3 bn in Chinese financing for the new capital\u2019s central business district<\/b>, Housing Minister Assem El Gazar announced during the event, <a href=\"https:\/\/www.youm7.com\/story\/2019\/4\/28\/%D8%A7%D9%84%D8%A5%D8%B3%D9%83%D8%A7%D9%86-%D8%AA%D9%88%D9%82%D8%B9-%D8%A7%D8%AA%D9%81%D8%A7%D9%82%D9%8A%D8%A9-%D9%85%D8%B9-%D8%A8%D9%86%D9%88%D9%83-%D8%B5%D9%8A%D9%86%D9%8A%D8%A9-%D9%84%D8%AA%D9%85%D9%88%D9%8A%D9%84-%D8%AA%D9%86%D9%81%D9%8A%D8%B0-%D9%85%D9%86%D8%B7%D9%82%D8%A9-%D8%A7%D9%84%D8%A3%D8%B9%D9%85%D8%A7%D9%84\/4223179\">according to Youm7<\/a>. The New Urban Communities Authority (NUCA) lined up the facility from a group of lenders led by state-owned Industrial and Commercial Bank of China. The first USD 834 mn tranche will be used to finance construction during the initial 600k sqm phase of the district, which includes two administrative and five residential skyscrapers. <b>Our friends at <\/b><a href=\"http:\/\/www.alc.law\/\"><b>Arab Legal Consultants<\/b><\/a><b> were counsel to NUCA on the transaction. <\/b>China State Construction Engineering Company (CSCEC), the main contractor <a href=\"https:\/\/enterprise.press\/stories\/2017\/10\/12\/president-el-sisi-inaugurates-the-first-phase-development-of-the-new-capital\/\">NUCA hired<\/a> to develop the district, was previously reported to have budgeted <a href=\"https:\/\/enterprise.press\/stories\/2018\/01\/14\/cscec-invests-usd-3-bn-in-development-of-business-district-in-new-capital\/\">USD 3 bn<\/a> to complete the site. We noted <a href=\"https:\/\/enterprise.press\/stories\/2018\/03\/19\/pm-lays-foundation-of-new-capitals-central-business-district\/\">last year<\/a> that 85% of CSCEC\u2019s expenditure will be financed by Chinese banks, with the balance set to be local finance.<\/p>\n<p><b>Electric bus and clothing manufacturing agreements:<\/b> The Military Production Ministry inked an agreement with Beijing-based automotive company Foton Motor to manufacture 2,000 electric buses in Egypt over the next four years,<a href=\"https:\/\/www.facebook.com\/MOMPEGYPT\/posts\/3192656464093340\">according to a ministry statement<\/a>. The vehicles will be assembled by a production plant owned by the Egyptian military; 45% of the components will be sourced in Egypt. The Trade Ministry <a href=\"http:\/\/www.mti.gov.eg\/Arabic\/MediaCenter\/News\/Pages\/%D9%81%D9%8A-%D8%AE%D8%AA%D8%A7%D9%85-%D8%B2%D9%8A%D8%A7%D8%B1%D8%AA%D9%87-%D9%84%D9%84%D8%B9%D8%A7%D8%B5%D9%85%D8%A9-%D8%A7%D9%84%D8%B5%D9%8A%D9%86%D9%8A%D8%A9-%D8%A8%D9%83%D9%8A%D9%86.aspx\">also announced<\/a> that Hong Kong-based global clothing manufacturer <a href=\"http:\/\/www.handa.com.cn\/en\/about.aspx\">Handa<\/a> is planning to set up a readymade garment and fabric dye factory in Egypt.<\/p>\n<p><b>Telecom Egypt signed two MoUs with Chinese tech giant Huawei to develop Egypt\u2019s mobile internet infrastructure<\/b>, <a href=\"https:\/\/almalnews.com\/%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A%D8%A9-%D9%84%D9%84%D8%A7%D8%AA%D8%B5%D8%A7%D9%84%D8%A7%D8%AA-%D8%AA%D8%AE%D8%AA%D8%A8%D8%B1-%D8%B3%D8%B1%D8%B9%D8%A7%D8%AA-%D8%A7%D9%84%D8%AC%D9%8A%D9%84-%D8%A7\/\">Al Mal reported<\/a>. One agreement will see the two companies experiment with high-speed fiber optic internet while the second confirms Huawei\u2019s plans to <a href=\"https:\/\/enterprise.press\/stories\/2019\/04\/22\/huawei-to-experiment-with-5g-in-cairo-stadium-during-afcon\/\">equip Cairo International Stadium<\/a> with 5G connectivity during this year\u2019s African Cup of Nations. TE also signed a USD 45 mn landing agreement for the 12k km <a href=\"http:\/\/www.peacecable.net\/#about\">Pakistan, East Africa and Europe for Connecting International Networks<\/a> internet cable cross Egypt, the company <a href=\"http:\/\/ir.te.eg\/en\/CorporateNews\/PressRelease\/105\/Telecom-Egypt-signs-landing-party-agreement-for-PEACE-cable-system\">said in a statement<\/a>.<\/p>\n<p><b>Meetings with world leaders: <\/b>The three-day forum saw El Sisi meet with Chinese Premier <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/597158527470198?__tn__=K-R\">Xi Jinping<\/a>, Russian President <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/597660747419976\">Vladimir Putin<\/a>, Italian Prime Minister <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/598354337350617?__tn__=-R\">Giuseppe Conte<\/a>, UAE Crown Prince <a href=\"https:\/\/www.facebook.com\/watch\/?v=280694846168071\">Mohamed bin Zayed<\/a> as well as Portuguese President <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/597807767405274?__xts__%5B0%5D=68.ARA7R469pJ5yVUqU07NxUnHA_JH-eX9dJSQ0_IUljthruGO8ZrO4pFZLcZV6BVYUc5KFHuV3508LEkTN9xZ_J_smo_6J-a0rHPGTEfzk-sGB2oulXLWwmOfVbYmU1Lj3PWJhnnVnc-3zw0MnZ2oEdC2bpNBRjSl8rgVOYCWgdxSdXDehXobGNXbamCRae63-sSdM7lEKwHWiYR0U7CORgO_UYcDqD8SQoeLoHXVaSKnrOkT4pnYbzJn-hqP4On82No8W-bVacOjNS-rfmJWaXy6BPb6Tw-Z2H49CTVRORM9S0c8m8wxdF4RS4ZQA0UchnC9u_1M6anxH-fMBrZ1c5PI&__tn__=-R\">Marcelo de Souza<\/a> and Swiss President <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/597807767405274?__xts__%5B0%5D=68.ARA7R469pJ5yVUqU07NxUnHA_JH-eX9dJSQ0_IUljthruGO8ZrO4pFZLcZV6BVYUc5KFHuV3508LEkTN9xZ_J_smo_6J-a0rHPGTEfzk-sGB2oulXLWwmOfVbYmU1Lj3PWJhnnVnc-3zw0MnZ2oEdC2bpNBRjSl8rgVOYCWgdxSdXDehXobGNXbamCRae63-sSdM7lEKwHWiYR0U7CORgO_UYcDqD8SQoeLoHXVaSKnrOkT4pnYbzJn-hqP4On82No8W-bVacOjNS-rfmJWaXy6BPb6Tw-Z2H49CTVRORM9S0c8m8wxdF4RS4ZQA0UchnC9u_1M6anxH-fMBrZ1c5PI&__tn__=-R\">Ueli Maurer<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/belt-road-initiative\/\">Belt &amp; Road Initiative<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/speed-round\/\">SPEED ROUND<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/suez-canal\/\">Suez Canal<\/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=\"597732\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"597733\" 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=\"597733\">\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\/05\/02\/made-in-africa-could-be-the-new-made-in-china-in-50-years\/\">\r\n                            \u201cMade in Africa\u201d could be the new \u201cMade in China\u201d in 50 years                        <\/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\/05\/02\/made-in-africa-could-be-the-new-made-in-china-in-50-years\/\" 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\/05\/02\/made-in-africa-could-be-the-new-made-in-china-in-50-years\/')\">\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\/05\/02\/made-in-africa-could-be-the-new-made-in-china-in-50-years\/\">\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=\u201cMade in Africa\u201d could be the new \u201cMade in China\u201d in 50 years&url=https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/made-in-africa-could-be-the-new-made-in-china-in-50-years\/\">\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\/05\/02\/made-in-africa-could-be-the-new-made-in-china-in-50-years\/&title=\u201cMade in Africa\u201d could be the new \u201cMade in China\u201d in 50 years\">\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=%E2%80%9CMade+in+Africa%E2%80%9D+could+be+the+new+%E2%80%9CMade+in+China%E2%80%9D+in+50+years+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F05%2F02%2Fmade-in-africa-could-be-the-new-made-in-china-in-50-years%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\/05\/02\/made-in-africa-could-be-the-new-made-in-china-in-50-years\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-597733\" class=\"content-area-description single-story post-597733 post type-post status-publish format-standard hentry category-the-macro-picture tag-africa tag-china tag-enterpriseam tag-manufacturing tag-the-macro-picture wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>\u201cMade in Africa\u201d could be the new \u201cMade in China\u201d in 50 years if enough focus is given to investing in manufacturing across the continent<\/b>, our friend Carbon Holdings CEO Basil El-Baz writes for the <a href=\"https:\/\/www.ft.com\/content\/8ead516a-6b3e-11e9-a9a5-351eeaef6d84\">Financial Times\u2019 Beyond Brics blog<\/a>. Many economies in Africa have already been flourishing over the past several years, propped up by a \u201cblossoming\u201d services sector, but Africa could become an economic powerhouse once manufacturing becomes the core source of growth. \u201cSustainable transformation requires a radical new approach. It is not a services economy that will lift half a bn people out of poverty or create 100m jobs, but an industrial one. Export-led manufacturing will be the key to Africa\u2019s success, just as it transformed the fortunes of Asian countries, particularly China, in past decades.\u201d<\/p>\n<p><b>Cross-border expansion is already happening, thanks to freetrade agreement:<\/b> El Baz also argues that the African Continental Freetrade Zone, which was launched last year, will also spur investments in cross-border infrastructure and help lay the groundwork for further expansions in the customer bases of African-owned companies. With that infrastructure in place, Africa will be well-placed to edge out China as the world\u2019s leading manufacturer and exporter of goods, particularly since Africa is already at a geographical advantage.<\/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\/china\/\">China<\/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\/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=\"597734\" 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=\"597734\">\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\/05\/02\/egypt-in-the-news-on-02-may-2019\/\">\r\n                            Egypt in the News on 02 May 2019                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/egypt-in-the-news-on-02-may-2019\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/egypt-in-the-news-on-02-may-2019\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/egypt-in-the-news-on-02-may-2019\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt in the News on 02 May 2019&url=https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/egypt-in-the-news-on-02-may-2019\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/egypt-in-the-news-on-02-may-2019\/&title=Egypt in the News on 02 May 2019\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+in+the+News+on+02+May+2019+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F05%2F02%2Fegypt-in-the-news-on-02-may-2019%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/egypt-in-the-news-on-02-may-2019\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-597734\" class=\"content-area-description single-story post-597734 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-donald-trump tag-egypt-in-the-news tag-enterpriseam tag-muslim-brotherhood tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>Topping coverage of Egypt in the foreign press is the White House\u2019s announcement that it could formally designate the Ikhwan a terrorist organization<\/b>. This comes weeks after a meeting between The Donald and President Abdel Fattah El Sisi in Washington DC. <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-04-30\/trump-preparing-to-designate-muslim-brotherhood-as-terrorists\">Bloomberg<\/a>, the <a href=\"https:\/\/www.wsj.com\/articles\/trump-administration-seeks-to-designate-muslim-brotherhood-as-terrorist-organization-11556631257?mod=searchresults&page=1&pos=1\">Wall Street Journal<\/a> and <a href=\"https:\/\/www.theguardian.com\/us-news\/2019\/apr\/30\/muslim-brotherhood-white-house-egypt\">The Guardian<\/a> all emphasize the potential negative fallout from such a move, which they say could complicate US relations with allies (including Tunisia, Morocco and Kuwait) where Islamists serve in the government. <a href=\"https:\/\/www.reuters.com\/article\/us-usa-trump-muslimbrotherhood-reaction\/egypts-muslim-brotherhood-says-it-will-continue-peaceful-work-regardless-of-trump-moves-idUSKCN1S62FY\">Reuters<\/a>, meanwhile, reports that the Ikhwan\u2019s response was to issue a statement that it would continue to work in line with its \u201cmoderate and peaceful thinking.\u201d<\/p>\n<p><b>On the same topic: <\/b>Former NYT Cairo bureau chief <a href=\"https:\/\/www.nytimes.com\/2019\/04\/30\/world\/middleeast\/is-the-muslim-brotherhood-terrorist.html?searchResultPosition=7\">David Kirkpatrick wades in with a Q&A<\/a> that argues the Ikhwan doesn\u2019t meet the US definition of a terror group. The news came as Hassan Malek, the Ikhwan business leader who suddenly became very popular from 2011 through early 2013, was <a href=\"https:\/\/www.reuters.com\/article\/us-egypt-court\/egypt-hands-life-sentences-to-senior-muslim-brotherhood-figure-and-son-idUSKCN1S61UO\">handed a life sentence<\/a> on charges that included helping lead a terror group.<\/p>\n<p>Also making headlines this week was news that <b>\u201can infectious biological agent or toxic chemicals\u201d were behind the death of a British couple<\/b> at a Hurghada resort last year, according to <a href=\"https:\/\/www.theguardian.com\/world\/2019\/may\/01\/chemicals-or-biological-agent-may-have-killed-uk-couple-in-egypt\">the Guardian<\/a>. John and Susan Cooper died in August after falling ill at the Steigenberger Aqua Magic hotel. <a href=\"https:\/\/www.bbc.com\/news\/uk-england-lancashire-48121064\">The BBC<\/a>, <a href=\"https:\/\/news.sky.com\/story\/egypt-holiday-deaths-daughter-hits-out-at-immoral-delay-for-information-11708613\">Sky News<\/a> and <a href=\"https:\/\/www.thesun.co.uk\/news\/8980827\/toxic-chemical-biological-agent-killed-brit-couple-red-sea-hotel-egypt\/\">the Sun<\/a> had the story.<\/p>\n<p>Also making the international press this morning:<\/p>\n<ul>\n<li><b>Referendum turnout:<\/b><a href=\"https:\/\/carnegie-mec.org\/diwan\/78980\">The Carnegie Middle East Center<\/a> is casting doubt on the veracity of the turnout figures for the recent referendum on constitutional reform, something that exiled opposition leader Ayman Nour is eager to point out in the<a href=\"https:\/\/www.washingtonpost.com\/opinions\/2019\/04\/27\/egypts-president-sissi-has-just-staged-his-biggest-farce-yet\/?noredirect=on&utm_term=.f5454a2809ea\">Washington Post<\/a>.<\/li>\n<li><b>Sectarianism in Egypt:<\/b> Increased assaults on Egypt\u2019s Copts has led to an increased \u201cexodus\u201d of the Christian population out of the country, <a href=\"https:\/\/www.wsj.com\/articles\/anti-christian-violence-surges-in-egypt-prompting-an-exodus-11556290800\">the Wall Street Journal reports (paywall)<\/a>.<\/li>\n<li><b>Egypt\u2019s security and prosperity are crucial for regional stability<\/b>, but it must work to regain its regional leadership position, argues Republican Congressman Jeff Fortenberry in an <a href=\"https:\/\/thehill.com\/blogs\/congress-blog\/foreign-policy\/441469-egypt-our-forgotten-friend\">opinion piece for The Hill<\/a>.<\/li>\n<li><b>Egypt\u2019s small steel producers are coming under financial pressure<\/b> due to the recently imposed tariffs on iron billet and steel imports, <b><a href=\"https:\/\/thearabweekly.com\/new-tariffs-leave-egypts-small-steel-producers-limbo\">Arab Weekly reports<\/a><\/b>.<\/li>\n<\/ul>\n<p><b>ODDITIES: <\/b>The Economist talked up <a href=\"https:\/\/www.economist.com\/middle-east-and-africa\/2019\/04\/27\/feseekh-an-egyptian-delicacy-that-is-sometimes-deadly\">fiseekh<\/a> on the occasion of Sham El Neseem, while Bloomberg got into <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-04-26\/in-egyptian-antiquities-market-cat-statues-command-a-premium\">Ancient Egyptian cat statues<\/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\/donald-trump\/\">Donald Trump<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-in-the-news\/\">Egypt in the News<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/muslim-brotherhood\/\">Muslim Brotherhood<\/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=\"597735\" 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=\"597735\">\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\/05\/02\/govt-boosts-efforts-to-support-workers-world-bank-extends-support-for-egypt\/\">\r\n                            Gov\u2019t boosts efforts to support workers, World Bank extends support for 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                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efforts to support workers, World Bank extends support for 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=Gov%E2%80%99t+boosts+efforts+to+support+workers%2C+World+Bank+extends+support+for+Egypt+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F05%2F02%2Fgovt-boosts-efforts-to-support-workers-world-bank-extends-support-for-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\/05\/02\/govt-boosts-efforts-to-support-workers-world-bank-extends-support-for-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-597735\" class=\"content-area-description single-story post-597735 post type-post status-publish format-standard hentry category-on-the-front-pages tag-enterpriseam tag-labor tag-on-the-front-pages tag-world-bank wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>Government efforts to support workers was the main story on state-owned <\/b><a href=\"http:\/\/www.ahram.org.eg\/News\/203003\/25\/707527\/%D8%A7%D9%84%D8%A3%D9%88%D9%84%D9%89\/%D8%AF%D8%B9%D9%85-%D8%A7%D9%84%D8%AA%D8%B9%D9%84%D9%8A%D9%85-%D8%A7%D9%84%D9%81%D9%86%D9%89-%D9%88%D8%A7%D9%84%D8%AA%D8%AF%D8%B1%D9%8A%D8%A8-%D8%A7%D9%84%D9%85%D8%B3%D8%AA%D9%85%D8%B1-%D9%84%D9%84%D8%B9%D9%85%D8%A7%D9%84-%D8%AA%D8%B7%D9%88%D9%8A%D8%B1-%D8%B4%D8%B1.aspx\"><b>Al Ahram<\/b><\/a><b>,<\/b> in honor of Labor Day. Meanwhile, the World Bank Group\u2019s decision to extend its Country Partnership Framework with Egypt until 2021 topped the front pages of <a href=\"http:\/\/www.algomhuria.net.eg\/algomhuria\/today\/fpage\/\">Al Gomhuria<\/a> and <a href=\"https:\/\/www.pressreader.com\/egypt\/al-akhbar\">Al Akhbar<\/a><b>. <\/b><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/labor\/\">labor<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/on-the-front-pages\/\">On The Front Pages<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-bank\/\">World Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"597736\" 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=\"597736\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/world-bank-group-extends-egypts-country-partnership-framework-to-2021\/\">\r\n                            World Bank Group extends Egypt\u2019s Country Partnership Framework to 2021                        <\/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\/05\/02\/world-bank-group-extends-egypts-country-partnership-framework-to-2021\/\" 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\/05\/02\/world-bank-group-extends-egypts-country-partnership-framework-to-2021\/')\">\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\/05\/02\/world-bank-group-extends-egypts-country-partnership-framework-to-2021\/\">\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=World Bank Group extends Egypt\u2019s Country Partnership Framework to 2021&url=https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/world-bank-group-extends-egypts-country-partnership-framework-to-2021\/\">\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\/05\/02\/world-bank-group-extends-egypts-country-partnership-framework-to-2021\/&title=World Bank Group extends Egypt\u2019s Country Partnership Framework to 2021\">\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=World+Bank+Group+extends+Egypt%E2%80%99s+Country+Partnership+Framework+to+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F05%2F02%2Fworld-bank-group-extends-egypts-country-partnership-framework-to-2021%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\/05\/02\/world-bank-group-extends-egypts-country-partnership-framework-to-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-597736\" class=\"content-area-description single-story post-597736 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-diplomacy tag-diplomacy-foreign-trade tag-enterpriseam tag-world-bank wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>The World Bank Group (WBG) has decided to extend its Country Partnership Framework (CPF) with Egypt<\/b> for an additional two years to end in 2021, according to an Investment and International Cooperation <a href=\"https:\/\/ent.news\/2019\/5\/747.pdf\">Ministry statement (pdf)<\/a>. The CPF, which originally covered 2015-2019, includes a total of USD 8 bn of WBG financing \u2014 USD 6 bn of which was allocated from the International Bank for Reconstruction and Development, and the rest from the International Finance Corporation. The extension will see the CPF focus on creating jobs for women and the youth, in addition to investing in human resources in the health and education sectors, the statement 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\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy-foreign-trade\/\">Diplomacy + Foreign Trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-bank\/\">World Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"597739\" 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=\"597739\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">Basic Materials + Commodities<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/al-ghurair-signs-egp-5-bn-worth-of-agreements-for-sugar-beet-processing-facility\/\">\r\n                            Al Ghurair signs EGP 5 bn-worth of agreements for sugar beet processing facility                        <\/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\/05\/02\/al-ghurair-signs-egp-5-bn-worth-of-agreements-for-sugar-beet-processing-facility\/\" 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\/05\/02\/al-ghurair-signs-egp-5-bn-worth-of-agreements-for-sugar-beet-processing-facility\/')\">\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\/05\/02\/al-ghurair-signs-egp-5-bn-worth-of-agreements-for-sugar-beet-processing-facility\/\">\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=Al Ghurair signs EGP 5 bn-worth of agreements for sugar beet processing facility&url=https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/al-ghurair-signs-egp-5-bn-worth-of-agreements-for-sugar-beet-processing-facility\/\">\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\/05\/02\/al-ghurair-signs-egp-5-bn-worth-of-agreements-for-sugar-beet-processing-facility\/&title=Al Ghurair signs EGP 5 bn-worth of agreements for sugar beet processing facility\">\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=Al+Ghurair+signs+EGP+5+bn-worth+of+agreements+for+sugar+beet+processing+facility+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F05%2F02%2Fal-ghurair-signs-egp-5-bn-worth-of-agreements-for-sugar-beet-processing-facility%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\/05\/02\/al-ghurair-signs-egp-5-bn-worth-of-agreements-for-sugar-beet-processing-facility\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-597739\" class=\"content-area-description single-story post-597739 post type-post status-publish format-standard hentry category-basic-materials-commodities tag-basic-materials-commodities tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Al Ghurair Group signed three agreements worth a combined EGP 5 bn for its USD 1 bn sugar factory in Minya last week, according to <a href=\"https:\/\/ent.news\/2019\/4\/2821.pdf\">an Investment Ministry statement (pdf)<\/a>. The agreements include a contract with China\u2019s Sinoma CDI to construct the facility by 2021, a contract with Elsewedy Electric to provide high-pressure water lines for the plant. The agreements also include three separate contracts with Saudi\u2019s Al Khorayef Group for the cultivation of the land and to provide and maintain irrigation infrastructure. The sugar production project will see Al Ghurair develop 181k feddans of reclaimed desert land west of Minya to grow 1 mn tonnes of beets per year, as well as develop a USD 400 mn sugar production facility.<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"597740\" 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=\"597740\">\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\">Manufacturing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/ifc-to-finance-usd-2-3-mn-project-to-boost-manufacturing-efficiency-in-egypt\/\">\r\n                            IFC to finance USD 2.3 mn project to boost manufacturing efficiency 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\/05\/02\/ifc-to-finance-usd-2-3-mn-project-to-boost-manufacturing-efficiency-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\/05\/02\/ifc-to-finance-usd-2-3-mn-project-to-boost-manufacturing-efficiency-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\/05\/02\/ifc-to-finance-usd-2-3-mn-project-to-boost-manufacturing-efficiency-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=IFC to finance USD 2.3 mn project to boost manufacturing efficiency in Egypt&url=https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/ifc-to-finance-usd-2-3-mn-project-to-boost-manufacturing-efficiency-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\/05\/02\/ifc-to-finance-usd-2-3-mn-project-to-boost-manufacturing-efficiency-in-egypt\/&title=IFC to finance USD 2.3 mn project to boost manufacturing efficiency 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=IFC+to+finance+USD+2.3+mn+project+to+boost+manufacturing+efficiency+in+Egypt+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F05%2F02%2Fifc-to-finance-usd-2-3-mn-project-to-boost-manufacturing-efficiency-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\/05\/02\/ifc-to-finance-usd-2-3-mn-project-to-boost-manufacturing-efficiency-in-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-597740\" class=\"content-area-description single-story post-597740 post type-post status-publish format-standard hentry category-manufacturing tag-enterpriseam tag-finance tag-manufacturing wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The International Finance Corporation (IFC) will finance a USD 2.3 mn project to improve the efficiency of electric motors used in Egyptian factories, <a href=\"https:\/\/ent.news\/2019\/5\/712.pdf\">according to a Trade Ministry statement (pdf)<\/a>. Trade Minister Amr Nassar and an IFC delegation led by Walid Labadi, IFC\u2019s regional manager for Egypt, Yemen and Libya, discussed cooperating to support the competitiveness of Egyptian products, including projects to supply cement factories with alternative fuel produced from waste.<\/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\/finance\/\">Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"597741\" 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=\"597741\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">Health + Education<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/egypt-to-set-up-container-classrooms-supplied-by-chinese-company\/\">\r\n                            Egypt to set up container classrooms supplied by Chinese company                        <\/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\/05\/02\/egypt-to-set-up-container-classrooms-supplied-by-chinese-company\/\" 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\/05\/02\/egypt-to-set-up-container-classrooms-supplied-by-chinese-company\/')\">\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\/05\/02\/egypt-to-set-up-container-classrooms-supplied-by-chinese-company\/\">\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 to set up container classrooms supplied by Chinese company&url=https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/egypt-to-set-up-container-classrooms-supplied-by-chinese-company\/\">\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\/05\/02\/egypt-to-set-up-container-classrooms-supplied-by-chinese-company\/&title=Egypt to set up container classrooms supplied by Chinese company\">\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+to+set+up+container+classrooms+supplied+by+Chinese+company+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F05%2F02%2Fegypt-to-set-up-container-classrooms-supplied-by-chinese-company%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\/05\/02\/egypt-to-set-up-container-classrooms-supplied-by-chinese-company\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-597741\" class=\"content-area-description single-story post-597741 post type-post status-publish format-standard hentry category-health-education tag-china tag-classrooms tag-education tag-enterpriseam tag-health-education tag-japan wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Egypt is planning to set up 265k \u201ccontainer-like smart classrooms\u201d developed by a Chinese company over the next three years, <a href=\"https:\/\/www.telegraph.co.uk\/peoples-daily-online\/science\/pop-up-classrooms\/\">reports People\u2019s Daily<\/a>. The classrooms take a few hours to set up and, at GBP 22,900 apiece, cost a fraction of typical educational infrastructure.<\/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\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/classrooms\/\">classrooms<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/japan\/\">Japan<\/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=\"597742\" 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=\"597742\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">Tourism<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/grand-egyptian-museum-inauguration-set-for-4q2020\/\">\r\n                            Grand Egyptian Museum inauguration set for 4Q2020                        <\/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\/05\/02\/grand-egyptian-museum-inauguration-set-for-4q2020\/\" 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\/05\/02\/grand-egyptian-museum-inauguration-set-for-4q2020\/')\">\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\/05\/02\/grand-egyptian-museum-inauguration-set-for-4q2020\/\">\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=Grand Egyptian Museum inauguration set for 4Q2020&url=https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/grand-egyptian-museum-inauguration-set-for-4q2020\/\">\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\/05\/02\/grand-egyptian-museum-inauguration-set-for-4q2020\/&title=Grand Egyptian Museum inauguration set for 4Q2020\">\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=Grand+Egyptian+Museum+inauguration+set+for+4Q2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F05%2F02%2Fgrand-egyptian-museum-inauguration-set-for-4q2020%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\/05\/02\/grand-egyptian-museum-inauguration-set-for-4q2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-597742\" class=\"content-area-description single-story post-597742 post type-post status-publish format-standard hentry category-tourism tag-arabian-travel-market tag-egyptology tag-enterpriseam tag-grand-egyptian-museum tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The Grand Egyptian Museum will be inaugurated in 4Q2020, Tourism Minister Rania Al Mashat announced on Tuesday during the Arabian Travel Market (ATM) in Dubai, <a href=\"https:\/\/www.egypttoday.com\/Article\/4\/69937\/GEM-to-be-inaugurated-in-last-quarter-of-2020\">Egypt Today<\/a> reports. Construction of the museum began in May 2005.<\/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\/arabian-travel-market\/\">Arabian Travel Market<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egyptology\/\">Egyptology<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/grand-egyptian-museum\/\">Grand Egyptian Museum<\/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=\"597743\" 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=\"597743\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">Automotive + Transportation<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/egypts-nra-signs-eur-157-mn-contract-with-spains-talgo-to-purchase-six-trains\/\">\r\n                            Egypt\u2019s NRA signs EUR 157 mn contract with Spain\u2019s Talgo to purchase six trains                        <\/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\/05\/02\/egypts-nra-signs-eur-157-mn-contract-with-spains-talgo-to-purchase-six-trains\/\" 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\/05\/02\/egypts-nra-signs-eur-157-mn-contract-with-spains-talgo-to-purchase-six-trains\/')\">\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\/05\/02\/egypts-nra-signs-eur-157-mn-contract-with-spains-talgo-to-purchase-six-trains\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt\u2019s NRA signs EUR 157 mn contract with Spain\u2019s Talgo to purchase six trains&url=https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/egypts-nra-signs-eur-157-mn-contract-with-spains-talgo-to-purchase-six-trains\/\">\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\/05\/02\/egypts-nra-signs-eur-157-mn-contract-with-spains-talgo-to-purchase-six-trains\/&title=Egypt\u2019s NRA signs EUR 157 mn contract with Spain\u2019s Talgo to purchase six trains\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt%E2%80%99s+NRA+signs+EUR+157+mn+contract+with+Spain%E2%80%99s+Talgo+to+purchase+six+trains+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F05%2F02%2Fegypts-nra-signs-eur-157-mn-contract-with-spains-talgo-to-purchase-six-trains%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\/05\/02\/egypts-nra-signs-eur-157-mn-contract-with-spains-talgo-to-purchase-six-trains\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-597743\" class=\"content-area-description single-story post-597743 post type-post status-publish format-standard hentry category-automotive-transportation tag-automotive-transportation tag-enterpriseam tag-infrastructure wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The National Railways Authority (NRA) has signed a EUR 157 mn contract with Spanish <a href=\"https:\/\/www.talgo.com\/en\/\">manufacturer Talgo<\/a> to purchase six passenger trains, according to <a href=\"http:\/\/mot.gov.eg\/%D8%A7%D9%84%D8%A3%D8%AE%D8%A8%D8%A7%D8%B1\/%D9%88%D8%B2%D9%8A%D8%B1-%D8%A7%D9%84%D9%86%D9%82%D9%84-%D9%8A%D8%B4%D9%87%D8%AF-%D8%AA%D9%88%D9%82%D9%8A%D8%B9-%D8%B9%D9%82%D8%AF-%D8%B4%D8%B1%D8%A7%D8%A1-%D9%88%D8%AA%D9%88%D8%B1%D9%8A%D8%AF-6\/\">a Transport Ministry statement<\/a>. The agreement is financed by the European Bank for Reconstruction and Development. The ministry is set to receive the first rolling stock in 21 months.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/automotive-transportation\/\">Automotive + Transportation<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"597744\" 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=\"597744\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">13<\/div>\r\n\r\n                    <p class=\"f-graphik\">Other Business News of Note<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/global-telecoms-banglalink-agrees-on-usd-300-mn-loan\/\">\r\n                            Global Telecom\u2019s Banglalink agrees on USD 300 mn loan                        <\/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\/05\/02\/global-telecoms-banglalink-agrees-on-usd-300-mn-loan\/\" 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\/05\/02\/global-telecoms-banglalink-agrees-on-usd-300-mn-loan\/')\">\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\/05\/02\/global-telecoms-banglalink-agrees-on-usd-300-mn-loan\/\">\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=Global Telecom\u2019s Banglalink agrees on USD 300 mn loan&url=https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/global-telecoms-banglalink-agrees-on-usd-300-mn-loan\/\">\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\/05\/02\/global-telecoms-banglalink-agrees-on-usd-300-mn-loan\/&title=Global Telecom\u2019s Banglalink agrees on USD 300 mn loan\">\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=Global+Telecom%E2%80%99s+Banglalink+agrees+on+USD+300+mn+loan+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F05%2F02%2Fglobal-telecoms-banglalink-agrees-on-usd-300-mn-loan%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\/05\/02\/global-telecoms-banglalink-agrees-on-usd-300-mn-loan\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-597744\" class=\"content-area-description single-story post-597744 post type-post status-publish format-standard hentry category-other-business-news-of-note tag-bangladesh tag-debt tag-enterpriseam tag-global-telecom-holding tag-other-business-news-of-note wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Global Telecom\u2019s Bangladeshi subsidiary Banglalink has reached an agreement on a USD 300 mn syndicated loan with several international banks, <a href=\"https:\/\/static.mubasher.info\/File.Mix_Announcement_File\/270EA252-DC7E-4ECF-A859-56840425675E.pdf\">the company said in a bourse filing<\/a>. The loan will be used to refinance the principal amount of a USD 300 mn bond that matures on 6 May and will be guaranteed by GTH\u2019s mother company Veon Holdings.<\/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\/bangladesh\/\">Bangladesh<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/global-telecom-holding\/\">Global Telecom Holding<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/other-business-news-of-note\/\">Other Business News of Note<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"597745\" 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=\"597745\">\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\">Sports<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/farag-el-welily-win-2019-el-gouna-international-squash-open-championships\/\">\r\n                            Farag, El Welily win 2019 El Gouna International Squash Open Championships                        <\/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\/05\/02\/farag-el-welily-win-2019-el-gouna-international-squash-open-championships\/\" 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\/05\/02\/farag-el-welily-win-2019-el-gouna-international-squash-open-championships\/')\">\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\/05\/02\/farag-el-welily-win-2019-el-gouna-international-squash-open-championships\/\">\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=Farag, El Welily win 2019 El Gouna International Squash Open Championships&url=https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/farag-el-welily-win-2019-el-gouna-international-squash-open-championships\/\">\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\/05\/02\/farag-el-welily-win-2019-el-gouna-international-squash-open-championships\/&title=Farag, El Welily win 2019 El Gouna International Squash Open Championships\">\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=Farag%2C+El+Welily+win+2019+El+Gouna+International+Squash+Open+Championships+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F05%2F02%2Ffarag-el-welily-win-2019-el-gouna-international-squash-open-championships%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\/05\/02\/farag-el-welily-win-2019-el-gouna-international-squash-open-championships\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/5\/1767.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"597746\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/farag-el-welily-win-2019-el-gouna-international-squash-open-championships\/1767-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/5\/1767.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1767.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/5\/1767.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/5\/1767.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-597745\" class=\"content-area-description single-story post-597745 post type-post status-publish format-standard has-post-thumbnail hentry category-_newspack_sports tag-ci-capital tag-enterpriseam tag-sports wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Raneem El Welily and Ali Farag won the 2019 <a href=\"http:\/\/elgounasquashopen.com\/19-day-ten\">El Gouna International Squash Open<\/a> women\u2019s and men\u2019s titles, respectively, on Friday, after defeating Egyptian compatriots at the CI Capital Arena, <a href=\"https:\/\/ent.news\/2019\/5\/3504.pdf\">according to a press release (pdf)<\/a>. CI Capital Group Co-CEO Hazem Badran presented El Welily with her trophy and prize money following the championship finals. CI Capital were core sponsors of the championship for the third year running.<\/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\/ci-capital\/\">CI Capital<\/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=\"597748\" 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                            \"\r\n            id=\"597748\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/nestle-tips\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-597748\" class=\"content-area-description single-story post-597748 post type-post status-publish format-standard hentry category-uncategorized tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/5\/2081.jpg?ssl=1\"><\/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<section id=\"597749\" 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=\"597749\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">15<\/div>\r\n\r\n                    <p class=\"f-graphik\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/rod-al-farag-axis-bridge-the-widest-suspension-bridge-in-the-world\/\">\r\n                            Rod al-Farag Axis Bridge the widest suspension bridge in the world                        <\/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\/05\/02\/rod-al-farag-axis-bridge-the-widest-suspension-bridge-in-the-world\/\" 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\/05\/02\/rod-al-farag-axis-bridge-the-widest-suspension-bridge-in-the-world\/')\">\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\/05\/02\/rod-al-farag-axis-bridge-the-widest-suspension-bridge-in-the-world\/\">\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=Rod al-Farag Axis Bridge the widest suspension bridge in the world&url=https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/rod-al-farag-axis-bridge-the-widest-suspension-bridge-in-the-world\/\">\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\/05\/02\/rod-al-farag-axis-bridge-the-widest-suspension-bridge-in-the-world\/&title=Rod al-Farag Axis Bridge the widest suspension bridge in the world\">\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=Rod+al-Farag+Axis+Bridge+the+widest+suspension+bridge+in+the+world+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F05%2F02%2Frod-al-farag-axis-bridge-the-widest-suspension-bridge-in-the-world%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\/05\/02\/rod-al-farag-axis-bridge-the-widest-suspension-bridge-in-the-world\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/5\/757.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"597750\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/rod-al-farag-axis-bridge-the-widest-suspension-bridge-in-the-world\/757-jpg-10\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/5\/757.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"757.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/5\/757.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/5\/757.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-597749\" class=\"content-area-description single-story post-597749 post type-post status-publish format-standard has-post-thumbnail hentry category-on-your-way-out tag-construction tag-enterpriseam tag-transport wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>Egypt\u2019s Rod Al Farag Axis Bridge will be listed in the Guinness Book of World Records as the widest suspension bridge in the world<\/b>, <a href=\"https:\/\/egyptindependent.com\/egypts-rod-al-farag-axis-bridge-to-be-listed-in-guinness-book-of-world-records\/\">Egypt Independent<\/a> reports. At 64.8 meters, it just has the edge over Canada\u2019s 64.2 meter suspension bridge, according to Al-Shorouk. Comprising five connected bridges, Rod Al Farag, which is due to be inaugurated any day now, has a total length of 16.7 km.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/construction\/\">construction<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/transport\/\">transport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"597751\" 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=\"597751\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">16<\/div>\r\n\r\n                    <p class=\"f-graphik\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/the-market-yesterday-341\/\">\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\/05\/02\/the-market-yesterday-341\/\" 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\/05\/02\/the-market-yesterday-341\/')\">\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\/05\/02\/the-market-yesterday-341\/\">\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\/05\/02\/the-market-yesterday-341\/\">\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\/05\/02\/the-market-yesterday-341\/&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%2F05%2F02%2Fthe-market-yesterday-341%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\/05\/02\/the-market-yesterday-341\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-597751\" class=\"content-area-description single-story post-597751 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 17.12 | Sell 17.22<\/p>\n<p><b>EGP \/ USD at CIB:<\/b> Buy 17.10 | Sell 17.20<\/p>\n<p> <b>EGP \/ USD at NBE: <\/b>Buy 17.12 | Sell 17.22<\/p>\n<p><b>EGX30<\/b> (Tuesday): 14,920 (+1.0%)<\/p>\n<p> <b>Turnover:<\/b> EGP 668 mn (21% below the 90-day average)<\/p>\n<p> <b>EGX 30 year-to-date<\/b>: +14.5%<\/p>\n<p><b>THE MARKET ON TUESDAY:<\/b> The EGX30 ended Tuesday\u2019s session up 1.0%. CIB, the index heaviest constituent ended up 2.4%. EGX30\u2019s top performing constituents were Orascom Development Egypt up 3.9% and SODIC up 3.1%. Tuesday\u2019s worst performing stocks were Palm Hills down 2.0%, Emaar Misr down 1.7% and Eastern Co down 1.6%. The market turnover was EGP 668 mn, and foreign investors were the sole net buyers.<\/p>\n<p><b>Foreigners<\/b>: Net Long | EGP +230.0 mn<\/p>\n<p> <b>Regional<\/b>: Net Short | EGP -16.6 mn<\/p>\n<p> <b>Domestic<\/b>: Net Short | EGP -213.4 mn<\/p>\n<p><b>Retail<\/b>: 21.0% of total trades | 17.3% of buyers | 24.8% of sellers<\/p>\n<p> <b>Institutions<\/b>: 79.0% of total trades | 82.7% of buyers | 75.2% of sellers<\/p>\n<p><b>WTI:<\/b> USD 63.58 (-0.03%)<\/p>\n<p> <b>Brent:<\/b> USD 72.11 (-0.10%)<\/p>\n<p><b>Natural Gas<\/b> (Nymex, futures prices) USD 2.61 MMBtu, (-0.34%, June 2019 contract)<\/p>\n<p> <b>Gold:<\/b> USD 1,278.50 \/ troy ounce (-0.44%)<\/p>\n<\/p>\n<p><b>TASI:<\/b> 9,361.96 (+0.62%) (YTD: +19.62%)<\/p>\n<p> <b>ADX:<\/b> 5,258.32 (+0.01%) (YTD: +6.98%)<\/p>\n<p> <b>DFM:<\/b> 2,751.51 (-0.56%) (YTD: +8.77%)<\/p>\n<p> <b>KSE Premier Market:<\/b> 6,043.80 (-0.06%)<\/p>\n<p> <b>QE:<\/b> 10,400.29 (+0.23%) (YTD: +0.98%)<\/p>\n<p> <b>MSM:<\/b> 3,965.96 (+0.51%) (YTD: -8.27%)<\/p>\n<p> <b>BB: <\/b>1,433.92 (-0.17%) (YTD: +7.23%)<\/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=\"597752\" 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\/05\/02\/597752\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-597752\" class=\"content-area-description single-story post-597752 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>May: 50 Egyptian companies are set to <a href=\"https:\/\/www.elwatannews.com\/news\/details\/4078286\">visit Libya<\/a> to discuss trade, investment and reconstruction.<\/p>\n<p>May: An IMF delegation <a href=\"https:\/\/alborsaanews.com\/2019\/04\/02\/1191915\">will be in town<\/a> to conduct its final review of the reform program ahead of the disbursement of the sixth and final tranche of Egypt\u2019s USD 12 bn IMF loan.<\/p>\n<p>04 May (Saturday): An administrative court <a href=\"https:\/\/almalnews.com\/%D8%AA%D8%A3%D8%AC%D9%8A%D9%84-%D9%86%D8%B8%D8%B1-%D8%B7%D8%B9%D9%86-%D8%A3%D8%AF%D9%8A%D8%A8%D8%AA%D9%8A%D9%88-%D8%B9%D9%84%D9%89-%D8%A5%D9%84%D8%B2%D8%A7%D9%85%D9%87%D8%A7-%D8%A8%D8%B4%D8%B1%D8%A7\/\">will look into<\/a> an appeal by Emirati business figure Mohamed Alabbar\u2019s Adeptio AD Investments against a Financial Regulatory Authority order to submit a mandatory tender offer (MTO) for Americana.<\/p>\n<p>05 May (Sunday): Egypt\u2019s Emirates NBD PMI for April released.<\/p>\n<p>06 May (Monday): First day of Ramadan (TBC).<\/p>\n<p>14 May (Tuesday): Egyptian Private Equity Association annual sohour. Four Seasons Hotel, Nile Plaza, Garden City, Cairo.<\/p>\n<p>23 May (Thursday): Central Bank of Egypt\u2019s monetary policy committee will meet to review interest rates.<\/p>\n<p>1H2019 (date TBD): Investment Minister Sahar Nasr <a href=\"https:\/\/www.almalnews.com\/Story\/414224\/15\/-%D8%B3%D9%81%D9%8A%D8%B1-%D8%A7%D9%84%D9%85%D9%83%D8%B3%D9%8A%D9%83-%D8%A8%D8%A7%D9%84%D9%82%D8%A7%D9%87%D8%B1%D8%A9--%D9%88%D9%81%D8%AF-%D9%85%D8%B5%D8%B1%D9%89-%D9%81%D9%89-%C2%AB%D9%85%D9%83%D8%B3%D9%8A%D9%83%D9%88-%D8%B3%D9%8A%D8%AA%D9%89%C2%BB-%D9%85%D9%86%D8%AA\">will head a delegation<\/a> of businessmen into Mexico City to explore cooperation avenues with the Latin American country.<\/p>\n<p>June: International Forum for small and medium enterprises (SMEs).<\/p>\n<p>June: Egypt will host the first economic forum for <a href=\"https:\/\/ufmsecretariat.org\/who-we-are\/\">Union for the Meditteranean<\/a> (UfM) countries to <a href=\"http:\/\/enterprise.press\/wp-content\/uploads\/2019\/04\/MIIT-PR-Egypt-med-union-forum.pdf\">promote trade and investment<\/a> in the 43 member states.<\/p>\n<p>June: President Abdel Fattah El Sisi to attend <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/330409\/Egypt\/Politics-\/Egypts-Sisi-invited-to-USAfrica-Business-Summit-in.aspx\">US-Africa Business summit<\/a> in Mozambique.<\/p>\n<p>4-5 June (Tuesday-Wednesday): <a href=\"https:\/\/www.ges2019.org\/\">Global Entrepreneurship Summit<\/a>, The Hague, the Netherlands<\/p>\n<p>5-6 June (Wednesday-Thursday): Eid El Fitr (TBC).<\/p>\n<p>11-12 June (Tuesday-Wednesday): <a href=\"http:\/\/www.szwgroup.com\/offshore-mena-congress-2019\/\">Offshore Congress MENA<\/a>, InterContinental Semiramis, Cairo.<\/p>\n<p>16-17 June (Sunday-Monday): Mega Projects Conference, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>16-18 June (Sunday-Tuesday): Middle East & Africa Rail Show, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>17-18 June (Monday-Tuesday): <a href=\"https:\/\/www.terrapinn.com\/exhibition\/seamless-north-africa\/index.stm\">Seamless North Africa<\/a>, Nile Ritz-Carlton, Cairo.<\/p>\n<p>17-19 June (Monday-Wednesday): <a href=\"http:\/\/platforms-root-technologies.com\/ctw\/\">Cairo Technology Week<\/a>, Hilton Heliopolis, Cairo.<\/p>\n<p>18-19 June (Tuesday-Wednesday): US Federal Open Market Committee will hold its two-day policy meeting to review the interest rate.<\/p>\n<p>19-20 June (Wednesday-Thursday): <a href=\"https:\/\/www.pharosholding.com\/pharosinvestorconference2019\/#About_the_Conference\">Pharos Holding Annual Investor Conference<\/a>, El Gouna, Egypt.<\/p>\n<p>23 June (Sunday): <a href=\"http:\/\/www.almalnews.com\/Story\/413580\/11\/%D8%AA%D8%A3%D8%AC%D9%8A%D9%84-%D9%86%D8%B8%D8%B1-%D8%AF%D8%B9%D9%88%D9%89-%D8%B6%D8%AF-%D9%85%D8%AC%D9%85%D9%88%D8%B9%D8%AA%D9%8A-%D8%A8%D9%88%D8%B1%D8%AA%D9%88-%D9%88%D8%B9%D8%A7%D9%85%D8%B1-%D8%AC%D8%B1%D9%88%D8%A8-%D8%A5%D9%84%D9%89-23-%D9%8A%D9%88%D9%86%D9%8A\">Cairo Arbitration Court hearing<\/a> for Amer Group vs. Antaradous for Touristic Development.<\/p>\n<p>28-29 June (Friday-Saturday): <a href=\"https:\/\/www.japan.go.jp\/g20japan\/\">G20 Global Economic Summit<\/a>, Osaka, Japan.<\/p>\n<p>30 June (Sunday): June 2013 protests anniversary, national holiday.<\/p>\n<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>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>23 July (Tuesday): 23 July revolution anniversary, national holiday.<\/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>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>29 August (Thursday): Islamic New Year (TBC), national holiday.<\/p>\n<p>2-4 September (Monday-Wednesday): <a href=\"https:\/\/www.thebig5constructegypt.com\/\">The Big 5 Construct Egypt<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>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 9th Annual EFG Hermes London Conference, 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>26 September (Thursday): Central Bank of Egypt\u2019s monetary policy committee will meet to review interest rates.<\/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>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>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>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>11-13 February 2020 (Tuesday-Thursday): <a href=\"https:\/\/www.egyps.com\/\">Egypt Petroleum Show<\/a>, Egypt International<\/p>\n<p>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":597708,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-597707","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"d5f34cef-574c-402c-b109-b15ad20a5bde","teaser":"","photo_url":"https:\/\/ent.news\/2016\/6\/106.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Did you miss us? - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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