{"id":597937,"date":"2019-05-09T03:37:38","date_gmt":"2019-05-09T03:37:38","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=597937"},"modified":"2025-12-16T20:09:40","modified_gmt":"2025-12-16T20:09:40","slug":"in-a-low-growth-world-were-out-growing-our-peers","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/in-a-low-growth-world-were-out-growing-our-peers\/","title":{"rendered":"In a low-growth world, we\u2019re out-growing our peers"},"content":{"rendered":"<section id=\"597939\" 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=\"597939\">\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\/09\/what-were-tracking-on-09-may-2019\/\">\r\n                            What we\u2019re tracking on 09 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\/09\/what-were-tracking-on-09-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\/09\/what-were-tracking-on-09-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\/09\/what-were-tracking-on-09-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 09 May 2019&url=https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/what-were-tracking-on-09-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\/09\/what-were-tracking-on-09-may-2019\/&title=What we\u2019re tracking on 09 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+09+May+2019+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F05%2F09%2Fwhat-were-tracking-on-09-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\/09\/what-were-tracking-on-09-may-2019\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-597939\" class=\"content-area-description single-story post-597939 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-bahrain tag-bonds tag-donald-trump tag-enterpriseam 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>And so it ended. <\/b>You have (nearly) survived the first business week of Ramadan.<\/p><p><b>An unpopular truth:<\/b> Ramadan weekends are wonderful. Daylight hours marked by zero pressure to interact civilly with other people, leaving us to laze on the couch as we catch up on reading, hit Netflix and Prime Video, and nap whenever we want. Oh, and no 2:30am alarm, so we get to sleep in.<\/p><p><b>Monthly inflation figures for April are due out today.<\/b> Annual headline urban inflation eased slightly in March to 14.2%, down from 14.4% the previous month. Inflation in 9M2018-19 averaged 14%, according to remarks yesterday by Planning Ministry Hala El-Said, down from an average of 25.6% during the same period last year.<\/p><hr class=\"grey-line\"><p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <b>The key message heading into the weekend: The economy continues to grow at well north of 5%<\/b>, even if the appreciation of the EGP and inflation remain corrosive.<\/p><p><b>In a low-growth world, we\u2019re growing faster than our peer group: <\/b>EBRD sees Egypt\u2019s economy expanding at the fastest pace in the southern and eastern Mediterranean, while Moody\u2019s predicts Egypt will continue to grow faster than other countries that share its B credit rating.<\/p><p><b>What\u2019s driving that growth?<\/b> Per separate statements from Cabinet and the EBRD:<\/p><ul>\n<li>Tourism<\/li>\n<li>Energy \/ hydrocarbons<\/li>\n<li>Construction<\/li>\n<li>Retail <\/li>\n<li>Communications<\/li>\n<li>Mining<\/li>\n<\/ul><p>We have chapter and verse on all three statements in this morning\u2019s Speed Round, below.<\/p><hr class=\"grey-line\"><p><b>Further afield:<\/b><\/p><p><a href=\"https:\/\/www.ft.com\/content\/97301ac4-712a-11e9-bf5c-6eeb837566c5\"><b>\u201cAbbreviated\u201d<\/b><\/a><b> trade talks between the US and China kick off today in Washington<\/b>, DC, ahead of a Friday deadline (imposed by The Donald via Twitter) for an agreement. The S&amp;P 500 fell for the third session in a row yesterday as investors \u201cremained cautious about the latest development on US-China trade talks even after hopeful comments from the White House regarding an eventual agreement,\u201d according to <a href=\"https:\/\/www.reuters.com\/article\/us-usa-stocks\/wall-st-falls-as-investors-cautious-on-trade-intel-slides-idUSKCN1SE1CS?il=0\">Reuters<\/a>. <a href=\"https:\/\/www.ft.com\/content\/604cb458-71c6-11e9-bbfb-5c68069fbd15\">The FT<\/a>\u2019s Mike Mackenzie has a nuanced look at how the showdown is affecting markets.<\/p><p><b>Uber is going public tomorrow. <\/b>Strikes by Uber drivers yesterday in London and a number of major US cities aimed to \u201cprotest the disparity between gig-economy conditions and the sums that investors are likely to make in Friday\u2019s blockbuster\u201d IPO, <a href=\"https:\/\/www.reuters.com\/article\/us-uber-ipo-strike\/uber-drivers-eye-ipo-riches-call-for-strike-in-u-s-and-uk-idUSKCN1SE0A5\">Reuters<\/a> reports. The walkouts were \u201csparsely attended.\u201d Uber is expected to price at or below the midpoint of the USD 44-50 per share range on which it had guided, <a href=\"https:\/\/www.cnbc.com\/2019\/05\/08\/uber-to-price-ipo-at-or-below-midpoint-of-target-range-source.html\">CNBC<\/a> adds.<\/p><p><b>Egypt makes an appearance in <\/b><a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1543151\/000119312519120759\/d647752ds1a.htm\"><b>Uber\u2019s prospectus<\/b><\/a><b>:<\/b> \u201cProposed ridesharing regulations in Egypt may require us to share certain personal data with government authorities to operate our app, which we may not be willing to provide. Our failure to share such data in accordance with these regulations may result in government authorities assessing significant fines or penalties against us or shutting down our or (after the acquisition) Careem\u2019s app in Egypt on either a temporary or indefinite basis.\u201d<\/p><p><b>Bahrain plans to return to the bond market this year for the first time since its Gulf allies committed USD 10 bn to shore up its economy,<\/b> <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-05-08\/bahrain-said-to-plan-first-return-to-bond-market-since-gulf-aid?srnd=premium-middle-east\">Bloomberg<\/a> reports. Government officials are said to have met global investors in a non-deal roadshow, with a view to a possible bond issuance in the second half of the year.<\/p><hr class=\"grey-line\"><p><b>Egyptian actress Mohsena Tawfik died on Tuesday at age 79,<\/b> <a href=\"https:\/\/gulfnews.com\/entertainment\/arab-celebs\/veteran-egypt-actress-mohsena-tawfik-dies-at-79-1.63797183\">Gulf News<\/a> reports. Tawfik gave notable performances in Youssef Shaheen films \u201cThe Swallow,\u201d Why Alexandria\u201d and \u201cAdieu Bonaparte,\u201d as well as soap opera \u201cUm Kulthum.\u201d<\/p><p><b>We at Enterprise love a good museum<\/b> and are therefore pleased to bring you the news that Egyptians and foreigners with residency will be able to access all of Egypt\u2019s museums without charge on <a href=\"https:\/\/icom.museum\/en\/activities\/events\/international-museum-day\/\">International Museum Day<\/a>, which falls on Saturday 18 May, <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/photos\/a.825570437621323\/1248606505317712\/?type=3&amp;theater\">according to a cabinet statement<\/a>.<\/p><p><b>SIGN OF THE TIMES: Jean-Claude Van Damme loves Mohamed Ramadan. <\/b>The one-time Hollywood star <a href=\"https:\/\/www.instagram.com\/mohamedramadanws\/?utm_source=ig_embed\">appeared in a video<\/a> posted on Ramadan\u2019s Instagram page, praising the Egyptian actor after having worked together on a telecom ad.<\/p><p class=\"web-image\"><a href=\"https:\/\/www.ft.com\/content\/29312ccc-711e-11e9-bf5c-6eeb837566c5\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/5\/2259.jpg?ssl=1\"><\/a><\/p><p><b>What we\u2019re tracking today, the Ramadan Edition:<\/b><\/p><p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <b>MUST READ:<\/b> Former New Yorker correspondent Peter Hessler <a href=\"https:\/\/www.newyorker.com\/culture\/personal-history\/my-house-in-cairo\">writes lovingly of Cairo<\/a> and of the nation\u2019s Jewish diaspora, using as his vehicle the Zamalek apartment building in which he lived during his time here. Hessler\u2019s memoir of his life in Cairo during the events of 2011 onward is out this week: <a href=\"https:\/\/www.amazon.com\/Buried-Archaeology-Egyptian-Revolution\/dp\/0525559566\">The Buried: An Archaeology of the Egyptian Revolution<\/a> gets a glowing review from <a href=\"https:\/\/www.wsj.com\/articles\/the-buried-review-digging-into-a-revolution-11557268917?mod=searchresults&amp;page=1&amp;pos=1\">John Freeman in the Wall Street Journal<\/a>.<\/p><p><b>A pre-iftar reading list to kill time<\/b> between your post-workout shower and the breaking of the fast:<\/p><ul>\n<li><b>The failure taboo: Entrepreneurs admit what happens when it all goes wrong<\/b>, in the <b><a href=\"https:\/\/www.ft.com\/content\/9c184acc-4009-11e9-9499-290979c9807a\">Financial Times<\/a><\/b> sums up life for even those of us who have had success in creating a company: \u201c<b>Building a business isn\u2019t a three-year sprint <\/b>where then Google comes along and buys you for USD 5 mn. It really takes 10 years to build anything of value and that\u2019s a long time \u2014 a really long time when you [the founder] are basically the punch bag for everything that goes wrong.\u201d<\/li>\n<li><b><a href=\"https:\/\/www.wsj.com\/articles\/the-new-rules-of-middle-age-written-by-women-11557323488\">The new rules of middle age, written by women<\/a><\/b>, wherein the Wall Street Journal writes that \u201cas a new wave of women step into their mid-centuries, books reimagining female midlife are striking a chord. \u2018We\u2019re not going to do our 50s the way everyone\u2019s telling us we\u2019re supposed to,\u2019 author Candace Bushnell says.\u201d<\/li>\n<li><b>Ever wondered who Um Ali is named after?<\/b> <a href=\"https:\/\/www.ft.com\/content\/29312ccc-711e-11e9-bf5c-6eeb837566c5\">The FT of all places has you covered<\/a> with a backstory of feminism, betrayal, and murder (and also a recipe). ** Shout-out to <a href=\"https:\/\/www.patricianiven.com\/\">Patricia Niven<\/a> for the photo used above.<\/li>\n<\/ul><p><b>RAMADAN PSA #1-<\/b> Bank hours are at 9am-2pm for employees; doors are open from 9:30am until 1:30pm for customers. The trading day at the EGX runs 10:00am until 1:30pm.<\/p><p><b>RAMADAN PSA #2- <\/b>The mild weather is coming to an end. Look for a high today of 26\u00b0C today and 28\u00b0C tomorrow before the mercury rises to the 35-39\u00b0C range this coming week, according to our favorite weather app. <b>So, when can we eat? <\/b>Maghrib is at 6:37 pm CLT today in Cairo. You\u2019ll have until 3:28 am tomorrow morning to caffeinate \/ finish your sohour.<\/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\/bahrain\/\">Bahrain<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/bonds\/\">Bonds<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/donald-trump\/\">Donald Trump<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-today\/\">What We&#039;re Tracking Today<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"597940\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 .stk-block-carousel__button svg.ugb-custom-icon :is(g, path, rect, polygon, ellipse){fill:#FFFFFF !important;}<\/style>\r\n                <div class=\"stk-block-carousel__content-wrapper\">\r\n                <div class=\"stk-row stk-inner-blocks stk-block-content stk-block-carousel__slider-wrapper stk-content-align stk-a38cfb2-column alignwide\">\r\n                <div class=\"stk-block-carousel__slider\" role=\"list\" data-autoplay=\"4000\" data-label-slide-of=\"Slide %%d of %%d\">\r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-46c5f99\" data-v=\"4\" data-block-id=\"46c5f99\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-46c5f99-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-46c5f99-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240922.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.hsbc.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27489.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Opening up a world of opportunity<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-rud8kmj\" data-v=\"4\" data-block-id=\"rud8kmj\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-rud8kmj-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-rud8kmj-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240923.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/efghldg.com\/en\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27488.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Realize More<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-du1qsh2\" data-v=\"4\" data-block-id=\"du1qsh2\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-du1qsh2-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-du1qsh2-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240924.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.sodic.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27487.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Live More<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-5lig8g6\" data-v=\"4\" data-block-id=\"5lig8g6\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-5lig8g6-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-5lig8g6-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240925.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/weareinfinity.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/27483.png?fit=300%2C300&#038;ssl=1\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Powering with nature<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-1xkvep0\" data-v=\"4\" data-block-id=\"1xkvep0\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-1xkvep0-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-1xkvep0-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240926.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.qalaaholdings.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/110691.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Driving growth<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-left\" class=\"svg-inline--fa fa-chevron-left\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M34.52 239.03L228.87 44.69c9.37-9.37 24.57-9.37 33.94 0l22.67 22.67c9.36 9.36 9.37 24.52.04 33.9L131.49 256l154.02 154.75c9.34 9.38 9.32 24.54-.04 33.9l-22.67 22.67c-9.37 9.37-24.57 9.37-33.94 0L34.52 272.97c-9.37-9.37-9.37-24.57 0-33.94z\"><\/path><\/svg><\/button><button class=\"stk-block-carousel__button stk-block-carousel__button__next\" aria-label=\"Next slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-right\" class=\"svg-inline--fa fa-chevron-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M285.476 272.971L91.132 467.314c-9.373 9.373-24.569 9.373-33.941 0l-22.667-22.667c-9.357-9.357-9.375-24.522-.04-33.901L188.505 256 34.484 101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg><\/button><\/div><\/div><div class=\"stk-block-carousel__dots\" role=\"list\" 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=\"597941\" 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=\"597941\">\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\/09\/egypts-talk-shows-are-on-hold-during-ramadan\/\">\r\n                            Egypt\u2019s talk shows are on hold during Ramadan                        <\/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\/09\/egypts-talk-shows-are-on-hold-during-ramadan\/\" 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\/09\/egypts-talk-shows-are-on-hold-during-ramadan\/')\">\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\/09\/egypts-talk-shows-are-on-hold-during-ramadan\/\">\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 talk shows are on hold during Ramadan&url=https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/egypts-talk-shows-are-on-hold-during-ramadan\/\">\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\/09\/egypts-talk-shows-are-on-hold-during-ramadan\/&title=Egypt\u2019s talk shows are on hold during Ramadan\">\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+talk+shows+are+on+hold+during+Ramadan+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F05%2F09%2Fegypts-talk-shows-are-on-hold-during-ramadan%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\/09\/egypts-talk-shows-are-on-hold-during-ramadan\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-597941\" class=\"content-area-description single-story post-597941 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-enterprise-last-nights-talk-shows tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>Nothing to see here<\/b> \u2014 our daily roundup of last night\u2019s talk shows is on hold for Ramadan.<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"597942\" 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=\"597942\">\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\/09\/egypts-gdp-growth-accelerated-to-5-6-in-3q2018-19\/\">\r\n                            Egypt\u2019s GDP growth accelerated to 5.6% in 3Q2018-19                        <\/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\/09\/egypts-gdp-growth-accelerated-to-5-6-in-3q2018-19\/\" 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\/09\/egypts-gdp-growth-accelerated-to-5-6-in-3q2018-19\/')\">\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\/09\/egypts-gdp-growth-accelerated-to-5-6-in-3q2018-19\/\">\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 GDP growth accelerated to 5.6% in 3Q2018-19&url=https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/egypts-gdp-growth-accelerated-to-5-6-in-3q2018-19\/\">\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\/09\/egypts-gdp-growth-accelerated-to-5-6-in-3q2018-19\/&title=Egypt\u2019s GDP growth accelerated to 5.6% in 3Q2018-19\">\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+GDP+growth+accelerated+to+5.6%25+in+3Q2018-19+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F05%2F09%2Fegypts-gdp-growth-accelerated-to-5-6-in-3q2018-19%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\/09\/egypts-gdp-growth-accelerated-to-5-6-in-3q2018-19\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/58.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"597943\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/egypts-gdp-growth-accelerated-to-5-6-in-3q2018-19\/58-jpg-12\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/58.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"58.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/58.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/58.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-597942\" class=\"content-area-description single-story post-597942 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round tag-budget-deficit tag-enterpriseam tag-gdp tag-hala-el-said tag-speed-round wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>Egypt\u2019s GDP growth accelerated to 5.6% in 3Q2018-19<\/b>, up from 5.5% in 2Q2018-19 and 5.4% in 3Q2017-18, Planning Minister Hala El Said <a href=\"https:\/\/www.facebook.com\/mpmaregypt\/posts\/2769737109709751?__tn__=K-R\">said in a statement yesterday<\/a>. GDP growth in the first half of the 2018-19 fiscal year reached 5.4%, she added. The government anticipates a GDP growth rate of 5.8% in 4Q2018-19. Notably absent from the figures presented was GDP growth for 9M2018-19, which El Said usually provides. <a href=\"https:\/\/enterprise.press\/stories\/2019\/01\/31\/egypts-gdp-growth-in-2q2018-19-reaches-5-5\/\">She had previously noted<\/a> that an overall GDP growth rate of 5.8% was anticipated for the full fiscal year, up from 5.3% in FY2017-18. <a href=\"https:\/\/enterprise.press\/stories\/2019\/05\/08\/finmin-gives-update-on-fiscal-performance-as-the-imf-arrives-in-cairo\/\">As we noted yesterday<\/a>, Egypt\u2019s budget deficit for 9M2018-19 shrank to 5.3% of GDP, compared to 6.2% in the same period a year earlier, according to Finance Minister Mohamed Maait.<\/p>\n<p><b>Growth is being driven by energy, mining, retail and construction:<\/b> Energy and mining (labeled together as \u201cextraction\u201d) contributed 30% of total growth in 3Q2018-19, followed by wholesale and retail (9.6%), construction (9.5%), real estate (8.5%), and telecoms (6.7%).<\/p>\n<p><b>Tax revenues were up by EGP 65 bn in 9M2018-19<\/b>, according to Finance Ministry figures cited by<a href=\"https:\/\/www.almalnews.com\/%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D8%AD%D8%B5%D9%8A%D9%84%D8%A9-%D8%A7%D9%84%D8%B6%D8%B1%D8%A7%D8%A6%D8%A8-%D8%AA%D8%B3%D8%AC%D9%84-247-4-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AC%D9%86%D9%8A\/\">Al Mal<\/a>, coming in at <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=08052019&id=36ff9fbc-883c-4c5f-9ae0-9809f1bedab9\">just north of EGP 468 bn<\/a>. Tax revenues on commodities and services were up to EGP 247.4 bn from EGP 208.6 bn during the same period last year. Income tax also increased to EGP 164 bn from EGP 116 bn while Suez Canal tax revenues reached EGP 26.2 bn.<\/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\/budget-deficit\/\">budget deficit<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gdp\/\">GDP<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hala-el-said\/\">Hala El Said<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/speed-round\/\">SPEED ROUND<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"597957\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"597958\" 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=\"597958\">\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\">Spotlight<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/thales-new-country-director-wants-a-piece-of-egypts-investment-in-digital-infrastructure\/\">\r\n                            Thales\u2019 new country director wants a piece of Egypt\u2019s investment in digital infrastructure                        <\/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\/09\/thales-new-country-director-wants-a-piece-of-egypts-investment-in-digital-infrastructure\/\" 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\/09\/thales-new-country-director-wants-a-piece-of-egypts-investment-in-digital-infrastructure\/')\">\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\/09\/thales-new-country-director-wants-a-piece-of-egypts-investment-in-digital-infrastructure\/\">\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=Thales\u2019 new country director wants a piece of Egypt\u2019s investment in digital infrastructure&url=https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/thales-new-country-director-wants-a-piece-of-egypts-investment-in-digital-infrastructure\/\">\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\/09\/thales-new-country-director-wants-a-piece-of-egypts-investment-in-digital-infrastructure\/&title=Thales\u2019 new country director wants a piece of Egypt\u2019s investment in digital infrastructure\">\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=Thales%E2%80%99+new+country+director+wants+a+piece+of+Egypt%E2%80%99s+investment+in+digital+infrastructure+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F05%2F09%2Fthales-new-country-director-wants-a-piece-of-egypts-investment-in-digital-infrastructure%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\/09\/thales-new-country-director-wants-a-piece-of-egypts-investment-in-digital-infrastructure\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/5\/3.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"597959\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/thales-new-country-director-wants-a-piece-of-egypts-investment-in-digital-infrastructure\/3-jpg-37\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/5\/3.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"3.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/5\/3.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/5\/3.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-597958\" class=\"content-area-description single-story post-597958 post type-post status-publish format-standard has-post-thumbnail hentry category-spotlight tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <b>EXCLUSIVE- Thales\u2019 new country director wants a piece of Egypt\u2019s investment in digital infrastructure:<\/b> Global transportation and defense giant Thales <a href=\"http:\/\/enterprise.press\/wp-content\/uploads\/2019\/05\/Thales-Appoints-CD-in-Egypt.pdf\">yesterday announced<\/a> the appointment of Sherif Barakat as its new country director for Egypt. The company has a long history here, providing solutions in the defense, space, transportation, aerospace, and security sectors. Barakat takes on the role as the company looks to expand its footprint in Egypt, especially in the digital sector. We spoke this week about the company\u2019s history in Egypt and what its future plans look like.<\/p>\n<p><b>Enterprise: How does it feel to be made Thales\u2019 country director? <\/b><\/p>\n<p><b>Sherif Barakat:<\/b> I feel good. It\u2019s a challenging position because we are very diversified across a lot of sectors, all of which touch the lives of ordinary Egyptians. This means we need to deliver in time with the right level of technology, safety, and security. Decision makers in a country rely on Thales. This position also makes me proud because I see that my work and the work of my team is reflected in the improved quality of living of Egyptians.<\/p>\n<p><b>E: What\u2019s the background on your presence in Egypt?<\/b><\/p>\n<p><b>SB:<\/b> Thales has been operating in Egypt since 1973, for over 40 years. Historically, we have had a lot of projects in defense solutions with the Defense Ministry. We also have lots of projects in the civil domain, particularly in transportation. We are very proud to cooperate with the Transport Ministry to operate infrastructure for many railway lines in Egypt, especially the Cairo-Alexandria line. This is <b>one of the busiest in the world, carrying around 25-30 mn passengers per year<\/b>. On that line, our project is to upgrade the signaling system, which reduces accidents and saves lives.<\/p>\n<p><b>We\u2019re also proud to have been involved since the beginning of the Cairo metro in the 1980s<\/b>. Our current project is Line 3, which will take passengers directly to Cairo International Airport. Speaking of airports, we\u2019re proud to be a historical partner of the Civil Aviation Ministry and air traffic control and management. A lot of the control towers, runways, and course simulation and training facilities in Egyptian airports use or are based on Thales technology and equipment.<\/p>\n<p>We also have a historical partnership with Nilesat. Since the beginning, <b>Nilesat has used satellites built by Thales<\/b>, which makes us the main provider of media broadcasting in Egypt and across the Middle East and Africa.<\/p>\n<p><b>This could not have been possible without the talented young Egyptians<\/b> who built these projects in Egypt using tech from around the world. We have around 400 young employees, engineers, technicians, and workers involved in all our projects in Egypt.<\/p>\n<p><a href=\"https:\/\/enterprise.press\/2019\/05\/09\/thales-eyes-investment-egypts-digital-infrastructure\/\"><b>Tap or click here<\/b><\/a><b> to continue reading <\/b>our chat with Sherif Barakat, which covers everything from AI to railways and other infrastructure.<\/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=\"597960\" 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=\"597960\">\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\/09\/egypt-in-the-news-on-09-may-2019\/\">\r\n                            Egypt in the news on 09 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\/09\/egypt-in-the-news-on-09-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\/09\/egypt-in-the-news-on-09-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\/09\/egypt-in-the-news-on-09-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 09 May 2019&url=https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/egypt-in-the-news-on-09-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\/09\/egypt-in-the-news-on-09-may-2019\/&title=Egypt in the news on 09 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+09+May+2019+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F05%2F09%2Fegypt-in-the-news-on-09-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\/09\/egypt-in-the-news-on-09-may-2019\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-597960\" class=\"content-area-description single-story post-597960 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-egypt-in-the-news tag-enterpriseam tag-gender tag-omar-al-bashir tag-sudan wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>Egypt played a key role in supporting the removal of Sudanese President Omar al-Bashir from power,<\/b> the <a href=\"https:\/\/www.nytimes.com\/aponline\/2019\/05\/08\/world\/middleeast\/ap-ml-sudan-hidden-hands.html?searchResultPosition=2\">Associated Press<\/a> reports. Along with Saudi Arabia and the UAE, Egypt reportedly provided \u201cquiet support\u201d to Gen. Abdel-Fattah Burhan, who now leads Sudan\u2019s ruling military council. It was in Egypt\u2019s interests to counter the influence of Islamists to whom al-Bashir was closely tied, the piece argues.<\/p>\n<p class=\"web-image\"><a href=\"https:\/\/uk.reuters.com\/article\/uk-egypt-art-prison\/ex-convicts-drawings-reveal-life-behind-bars-in-egypt-idUKKCN1SE1XA\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/5\/180.jpg?ssl=1\"><\/a><\/p>\n<p><b>Former convict Yassin Mohamed has produced a collection of art that paints a picture of his experience in an Egyptian prison<\/b>, <a href=\"https:\/\/uk.reuters.com\/article\/uk-egypt-art-prison\/ex-convicts-drawings-reveal-life-behind-bars-in-egypt-idUKKCN1SE1XA\">Reuters reports<\/a>. Mohamed, who spent five years in and out of prison for involvement in anti-government protests, found comfort in drawing to pass the time and avoid being dragged into dangerous circles during his incarceration, the newswire notes.<\/p>\n<p><b>Also making the rounds:<\/b><\/p>\n<ul>\n<li><b>Saved from the fire:<\/b> Two hundred pieces from the Egypt collection have been recovered from the Brazil national museum after the building suffered a fire last September, <a href=\"http:\/\/www.theindependentbd.com\/post\/198655\">the AP says<\/a>.<\/li>\n<li><b>Breaking taboos:<\/b> Attitudes towards menstruation and reproductive health are changing among the younger generation of Egyptian women, <a href=\"https:\/\/www.jpost.com\/HEALTH-SCIENCE\/A-shift-in-Egyptian-attitudes-toward-menstruation-589135\">reports the Jerusalem Post<\/a>.<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/gender\/\">gender<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/omar-al-bashir\/\">Omar Al Bashir<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sudan\/\">Sudan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"597961\" 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=\"597961\">\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\/09\/egypt-committed-to-promoting-development-in-africa-el-sisi\/\">\r\n                            Egypt committed to promoting development in Africa -El Sisi                        <\/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\/09\/egypt-committed-to-promoting-development-in-africa-el-sisi\/\" 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\/09\/egypt-committed-to-promoting-development-in-africa-el-sisi\/')\">\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\/09\/egypt-committed-to-promoting-development-in-africa-el-sisi\/\">\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 committed to promoting development in Africa -El Sisi&url=https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/egypt-committed-to-promoting-development-in-africa-el-sisi\/\">\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\/09\/egypt-committed-to-promoting-development-in-africa-el-sisi\/&title=Egypt committed to promoting development in Africa -El Sisi\">\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+committed+to+promoting+development+in+Africa+-El+Sisi+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F05%2F09%2Fegypt-committed-to-promoting-development-in-africa-el-sisi%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\/09\/egypt-committed-to-promoting-development-in-africa-el-sisi\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-597961\" class=\"content-area-description single-story post-597961 post type-post status-publish format-standard hentry category-on-the-front-pages tag-africa tag-development tag-enterpriseam tag-on-the-front-pages wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>President Abdel Fattah El Sisi reaffirming Egypt\u2019s commitment to promoting development <\/b>to fight poverty in Africa and the region leads the front pages of Egypt\u2019s main dailies this morning (<a href=\"http:\/\/www.ahram.org.eg\/News\/203010\/25\/708570\/%D8%A7%D9%84%D8%A3%D9%88%D9%84%D9%89\/%D9%85%D9%83%D8%A7%D9%81%D8%AD%D8%A9-%D8%A7%D9%84%D9%81%D9%82%D8%B1-%D9%88%D8%AF%D9%81%D8%B9-%D8%A7%D9%84%D8%AA%D9%86%D9%85%D9%8A%D8%A9-%D9%88%D8%A5%D8%B9%D8%A7%D8%AF%D8%A9-%D8%A7%D9%84%D8%A5%D8%B9%D9%85%D8%A7%D8%B1-%D9%81%D9%89-%D8%A5%D9%81%D8%B1%D9%8A%D9%82%D9%8A.aspx\">Al Ahram<\/a> | <a href=\"http:\/\/www.algomhuria.net.eg\/algomhuria\/today\/fpage\/\">Al Gomhuria<\/a> | <a href=\"https:\/\/www.pressreader.com\/egypt\/al-akhbar\">Al Akhbar<\/a>). In a meeting with New Partnership for Africa's Development (NEPAD) chief Ibrahim Mayaki yesterday, El Sisi also stressed the importance of cooperation between states to achieve growth.<\/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\/development\/\">development<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/on-the-front-pages\/\">On The Front Pages<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"597962\" 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=\"597962\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/apicorp-signs-usd-75-mn-islamic-loan-agreement-with-alfanar-for-renewable-energy-projects\/\">\r\n                            Apicorp signs USD 75 mn Islamic loan agreement with Alfanar for renewable energy projects                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/apicorp-signs-usd-75-mn-islamic-loan-agreement-with-alfanar-for-renewable-energy-projects\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/apicorp-signs-usd-75-mn-islamic-loan-agreement-with-alfanar-for-renewable-energy-projects\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/apicorp-signs-usd-75-mn-islamic-loan-agreement-with-alfanar-for-renewable-energy-projects\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Apicorp signs USD 75 mn Islamic loan agreement with Alfanar for renewable energy projects&url=https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/apicorp-signs-usd-75-mn-islamic-loan-agreement-with-alfanar-for-renewable-energy-projects\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/apicorp-signs-usd-75-mn-islamic-loan-agreement-with-alfanar-for-renewable-energy-projects\/&title=Apicorp signs USD 75 mn Islamic loan agreement with Alfanar for renewable energy projects\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Apicorp+signs+USD+75+mn+Islamic+loan+agreement+with+Alfanar+for+renewable+energy+projects+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F05%2F09%2Fapicorp-signs-usd-75-mn-islamic-loan-agreement-with-alfanar-for-renewable-energy-projects%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/apicorp-signs-usd-75-mn-islamic-loan-agreement-with-alfanar-for-renewable-energy-projects\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-597962\" class=\"content-area-description single-story post-597962 post type-post status-publish format-standard hentry category-energy tag-apicorp tag-energy tag-enterpriseam tag-islamic-finance tag-renewable-energy wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The Arab Petroleum Investments Corporation (Apicorp) has signed a five-year Islamic financing facility with Saudi-based Alfanar Company worth USD 75 mn, <a href=\"https:\/\/ent.news\/2019\/5\/917.pdf\">according to a press release (pdf)<\/a>. The loan from the development bank will support Alfanar\u2019s renewable energy projects, including its 300 MW wind project in Spain. \u201cWith an existing portfolio exceeding 1.5 GW of renewable development projects around the globe, Alfanar is committed to further double its portfolio in the next few years,\u201d said Alfanar CEO Jamil Wadi.<\/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\/apicorp\/\">Apicorp<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/islamic-finance\/\">Islamic finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/renewable-energy\/\">renewable energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"597963\" 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=\"597963\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">Infrastructure<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/orascom-in-the-running-to-construct-saudi-sewage-treatment-plant\/\">\r\n                            Orascom in the running to construct Saudi sewage treatment plant                        <\/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\/09\/orascom-in-the-running-to-construct-saudi-sewage-treatment-plant\/\" 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\/09\/orascom-in-the-running-to-construct-saudi-sewage-treatment-plant\/')\">\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\/09\/orascom-in-the-running-to-construct-saudi-sewage-treatment-plant\/\">\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=Orascom in the running to construct Saudi sewage treatment plant&url=https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/orascom-in-the-running-to-construct-saudi-sewage-treatment-plant\/\">\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\/09\/orascom-in-the-running-to-construct-saudi-sewage-treatment-plant\/&title=Orascom in the running to construct Saudi sewage treatment plant\">\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=Orascom+in+the+running+to+construct+Saudi+sewage+treatment+plant+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F05%2F09%2Forascom-in-the-running-to-construct-saudi-sewage-treatment-plant%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\/09\/orascom-in-the-running-to-construct-saudi-sewage-treatment-plant\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-597963\" class=\"content-area-description single-story post-597963 post type-post status-publish format-standard hentry category-infrastructure tag-construction tag-engineering tag-enterpriseam tag-infrastructure tag-saudi-arabia tag-wastewater wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Orascom has been prequalified to bid for the construction of an independent sewage treatment plant in Saudi Arabia, <a href=\"https:\/\/www.zawya.com\/mena\/en\/business\/story\/Suez_Samsung_Orascom_in_race_for_big_Saudi_sewage_plant-SNG_143979279\/\">TradeArabia<\/a> reports. The plant, close to Taif in Mecca, will boast a total treatment capacity of up to 270,000 cbm per day once completed, officials from Saudi Arabia\u2019s Water & Electricity Company (WEC) have said. Nine other global industry heavyweights, including France's Suez and Korea's Samsung Engineering, have also been prequalified for the project.<\/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\/engineering\/\">engineering<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/wastewater\/\">wastewater<\/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=\"597964\" 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=\"597964\">\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\">Banking + Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/maait-excludes-several-bodies-from-egypts-new-mandatory-e-payments-system\/\">\r\n                            Maait excludes several bodies from Egypt\u2019s new mandatory e-payments system                        <\/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\/09\/maait-excludes-several-bodies-from-egypts-new-mandatory-e-payments-system\/\" 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\/09\/maait-excludes-several-bodies-from-egypts-new-mandatory-e-payments-system\/')\">\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\/09\/maait-excludes-several-bodies-from-egypts-new-mandatory-e-payments-system\/\">\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=Maait excludes several bodies from Egypt\u2019s new mandatory e-payments system&url=https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/maait-excludes-several-bodies-from-egypts-new-mandatory-e-payments-system\/\">\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\/09\/maait-excludes-several-bodies-from-egypts-new-mandatory-e-payments-system\/&title=Maait excludes several bodies from Egypt\u2019s new mandatory e-payments system\">\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=Maait+excludes+several+bodies+from+Egypt%E2%80%99s+new+mandatory+e-payments+system+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F05%2F09%2Fmaait-excludes-several-bodies-from-egypts-new-mandatory-e-payments-system%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\/09\/maait-excludes-several-bodies-from-egypts-new-mandatory-e-payments-system\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-597964\" class=\"content-area-description single-story post-597964 post type-post status-publish format-standard hentry category-banking-finance tag-banking-finance tag-digitization tag-enterpriseam tag-governance wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Finance Minister Mohamed Maait has exempted some government bodies from complying with the e-payments system introduced <a href=\"https:\/\/enterprise.press\/stories\/2019\/05\/02\/what-were-tracking-on-2-may-2019\/\">on 1 May<\/a>, <a href=\"http:\/\/www.mof.gov.eg\/Arabic\/MOFNews\/Press\/Pages\/news-a-8-5-2019.aspx\">the ministry said in a statement<\/a>. The new rules make it mandatory for all government transactions exceeding EGP 500 to be done electronically. The exclusion applies to economic bodies, the Social Housing and Mortgage Finance Fund, public hospitals, educational institutions, medical centers, and the central Cairo and a North Sinai gold tax collection offices.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking-finance\/\">BANKING + FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/digitization\/\">digitization<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/governance\/\">governance<\/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=\"597967\" 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=\"597967\">\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\">Egypt Politics + Economics<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/new-regs-to-govern-egypts-investment-zones\/\">\r\n                            New regs to govern Egypt\u2019s investment zones                        <\/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\/09\/new-regs-to-govern-egypts-investment-zones\/\" 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\/09\/new-regs-to-govern-egypts-investment-zones\/')\">\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\/09\/new-regs-to-govern-egypts-investment-zones\/\">\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=New regs to govern Egypt\u2019s investment zones&url=https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/new-regs-to-govern-egypts-investment-zones\/\">\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\/09\/new-regs-to-govern-egypts-investment-zones\/&title=New regs to govern Egypt\u2019s investment zones\">\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=New+regs+to+govern+Egypt%E2%80%99s+investment+zones+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F05%2F09%2Fnew-regs-to-govern-egypts-investment-zones%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\/09\/new-regs-to-govern-egypts-investment-zones\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-597967\" class=\"content-area-description single-story post-597967 post type-post status-publish format-standard hentry category-egypt-politics-economics tag-egypt-politics-economics tag-enterpriseam tag-investment-watch tag-regulation wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Investment Minister Sahar Nasr has issued new regulations for investment zones outlining general stipulations and clarifying procedures to establish these zones, <a href=\"https:\/\/ent.news\/2019\/5\/3137.pdf\">according to a ministry statement (pdf)<\/a>. The regs also specify the roles and responsibilities for zone boards and administrators, and include a mechanism to ensure contractors do not violate their contracts with the developers. They prioritize setting up investment zones in remote and impoverished areas, especially in Upper Egypt, where cabinet has recently <a href=\"https:\/\/enterprise.press\/stories\/2019\/03\/11\/madbouly-cabinet-maps-out-priority-areas-in-egypt-in-need-of-development\/\">mapped out<\/a> target areas in most need of development.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-politics-economics\/\">Egypt Politics + Economics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/regulation\/\">regulation<\/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=\"597968\" 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=\"597968\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">My Morning Routine<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/my-morning-routine-with-jose-maria-magrina-managing-director-of-suez-cement\/\">\r\n                            My Morning Routine, with Jose Maria Magrina, managing director of Suez Cement                        <\/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\/09\/my-morning-routine-with-jose-maria-magrina-managing-director-of-suez-cement\/\" 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\/09\/my-morning-routine-with-jose-maria-magrina-managing-director-of-suez-cement\/')\">\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\/09\/my-morning-routine-with-jose-maria-magrina-managing-director-of-suez-cement\/\">\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=My Morning Routine, with Jose Maria Magrina, managing director of Suez Cement&url=https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/my-morning-routine-with-jose-maria-magrina-managing-director-of-suez-cement\/\">\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\/09\/my-morning-routine-with-jose-maria-magrina-managing-director-of-suez-cement\/&title=My Morning Routine, with Jose Maria Magrina, managing director of Suez Cement\">\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=My+Morning+Routine%2C+with+Jose+Maria+Magrina%2C+managing+director+of+Suez+Cement+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F05%2F09%2Fmy-morning-routine-with-jose-maria-magrina-managing-director-of-suez-cement%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\/09\/my-morning-routine-with-jose-maria-magrina-managing-director-of-suez-cement\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/5\/337.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"597969\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/my-morning-routine-with-jose-maria-magrina-managing-director-of-suez-cement\/337-jpg-19\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/5\/337.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"337.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/5\/337.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/5\/337.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-597968\" class=\"content-area-description single-story post-597968 post type-post status-publish format-standard has-post-thumbnail hentry category-my-morning-routine tag-cement tag-enterpriseam tag-environment tag-industry tag-my-morning-routine tag-suez-cement wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> My Morning Routine looks each week at how a successful member of the community starts their day \u2014 and then throws in a couple of random business questions just for fun. Speaking to us this week is Jose Maria Magrina, managing director of <a href=\"https:\/\/www.suezcement.com.eg\/en\">Suez Cement<\/a>, the largest private supplier of cement and concrete in Egypt<\/p>\n<p><b>My name is Jose Maria Magrina.<\/b> I\u2019m 47 years old and I\u2019m from Barcelona (and yes, still mourning Tuesday\u2019s defeat). My wife, Gemma Miralles, and I have three kids: Ignasi (13), Irene (10), and Marc (7). I am energetic and passionate in almost everything I do, with an inexhaustible curiosity about virtually everything.<\/p>\n<p><b>I\u2019m the managing director of Suez Cement, <\/b>which is part of HeidelbergCement Group and the largest private supplier of cement and concrete in Egypt. We have four large cement factories in Suez, Kattameya \/ New Capital, Helwan and Tora, as well as 21 smaller concrete batch plants throughout Egypt. We have 1,600 direct and around 1,000 indirect employees. We also have a port terminal and a ready mix business in Kuwait.<\/p>\n<p><b>My core responsibility is to make sure that all the wheels move in the same direction and at the same pace.<\/b> This entails a bit of everything, from making and executing plans to ensuring our operations are of the size required by the market, helping to introduce our products to our customers, communicating with different departments or inspecting our plants to make sure that work is being conducted safely.<\/p>\n<p><b>Interfacing between our shareholders and the company is another important part of what I do. <\/b>Being part of a multinational, listed in Germany, while representing two locally listed companies involves a lot of reporting and explaining. In the last two years, we have really been emphasizing cost reduction and we have significantly trimmed our workforce.<\/p>\n<p><b>Any parent of relatively young children will tell you that they dictate a large part of our schedule. <\/b>The family wakes up at 6:30am, since the children leave for school at 7:10am. After checking my phone and helping to push the kids out the door (I must admit the majority of this work is done by my great wife), I either go to the gym or go for a run.<\/p>\n<p><b>If I\u2019m at the gym, I bring my iPad and read Enterprise, then answer emails or read other things.<\/b> If I go running, I always have an audiobook and so listen to almost 20-30 audiobooks yearly this way. By 8am I\u2019m back home, and after a quick shower I head to the office, where I clock in around 9am.<\/p>\n<p><b>If I don\u2019t have to travel (which I frequently do), I try to keep my schedule consistent.<\/b> Sunday, for example, is meeting day. I try to have all my operational meetings on Sundays, starting with our Excom and finishing by 4pm. So yes, that sometimes means seven straight hours of meetings. It helps me to understand where we will prioritize our efforts that week. Tuesdays are for plant visits or offsite days, where all meetings outside the office or works visited are held. Monday and Wednesday are office work days, which is where most of the real work is done. I catch up with internal projects, hold other ad-hoc meetings, review finance projections and complete other similar tasks. Thursday is the swing day, so I leave it to be decided by the events of the week.<\/p>\n<p><b>It\u2019s about being flexible: <\/b>Despite all my best intentions, however, the needs of work and our industry mean that I have to be ready to modify my schedule constantly, so I always try to remain flexible. I usually leave the office around 7pm and arrive home around 7:30pm. There, I spend around an hour catching up with my family over dinner and before my kids go to sleep. This is my favorite time of the day. They use this time to reflect on their day\u2019s experiences and we have a few laughs together. After that, I usually spend a couple more hours working, say from 9pm till 11:30pm. This is the time of the day where I answer the majority of my emails. Shortly after this I go to bed, where I read some <a href=\"https:\/\/www.quora.com\">Quora<\/a> questions or a book for 10-20 minutes and go to sleep.<\/p>\n<p><b>I\u2019m a big fan of <\/b><a href=\"https:\/\/www.youtube.com\/watch?v=rlR4PJn8b8I\"><b>Game of Thrones<\/b><\/a><b> in spite of Season 8, which is not \u2014 in my humble opinion \u2014 living up to expectations.<\/b> The last book I read was Bill Clinton \/ James Patterson\u2019s <a href=\"https:\/\/www.amazon.com\/President-Missing-Novel-James-Patterson\/dp\/0316412694\">The President is Missing<\/a>, which is light but interesting in terms of the insights revealed through the main character, which obviously comes from Clinton\u2019s experience. I also really enjoyed the audiobook of <a href=\"https:\/\/www.amazon.com\/gp\/bookseries\/B00YUQP6AE\/ref=dp_st_0765377063\">The Three Body Problem<\/a> book series, by Liu Cixin.<\/p>\n<p><b>Our industry has changed dramatically in the last five years as a result of oversupply,<\/b> which led to intense, savage competition and meant that all companies experienced losses. The government has to design policies to support the industry or it will disappear. Our industry is a cornerstone of economic development; without cement it\u2019s difficult to imagine industry. New foreign investors understand this and look at both performance and the impact of government policies on our sector when taking investment decisions.<\/p>\n<p><b>Suez Cement is a large entity with a lot of history, mirroring the Egyptian history of the 20th and 21st centuries. <\/b>The majority of post-1920 buildings were built thanks to our cement. It\u2019s rare to find a product that you can see in so many places.<\/p>\n<p><b>Our products are commodities, so we constantly work to decommoditize by improving our services,<\/b> bringing new products and working with retailers and traders on brand recognition, so the end customer chooses us instead of our competition. We do provide a complete service to our customers, from supplying cement to pouring concrete. We maintain a close, direct connection with the market and our brand is widely recognized in the areas we serve, particularly Cairo and the Delta.<\/p>\n<p><b>People often don\u2019t understand that we are a big depolluter.<\/b> Approximately 25% of our energy comes from 600k tons of household and municipal waste, as well as biomass. This is waste that will not be landfilled and that will not contaminate our direct environment. We are leaders in energy efficiency, engaged in a number of renewable energy initiatives that aim to fulfil a large part of our electricity needs through solar power.<\/p>\n<p><b>Demographics and the growth of Africa as a powerhouse will create a huge change in our industry,<\/b> which used to be dominated by a few European multinationals focused mainly on mature or nearly mature markets. This is not the case anymore. Both a lot of regional champions and Chinese players have taken the marketplace, creating a much more challenging environment.<\/p>\n<p><b>CO2 emissions will also affect the industry.<\/b> We have made a large improvement this century but we still have to do more to lower our CO2 footprint by reducing the clinker content in our products and using byproducts of other industries as active ingredients or fillers. Also, we need to educate the markets we serve to demand this new, cleaner product.<\/p>\n<p><b>Unfortunately, the most important business lessons I learned were with the best teacher in life: Failure. <\/b>One is that the key to business success is to be pragmatic and stay flexible. It\u2019s good to plan and strategize, but you have to remain close to circumstances on the ground and be ready to completely change your plans if conditions change. The other is summarized in a quote I heard a while ago: \u201cIf you think that education is expensive, try ignorance.\u201d Great truth.<\/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\/cement\/\">cement<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/environment\/\">environment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/industry\/\">industry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/my-morning-routine\/\">MY MORNING ROUTINE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/suez-cement\/\">Suez Cement<\/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=\"597970\" 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=\"597970\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/the-market-yesterday-346\/\">\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\/09\/the-market-yesterday-346\/\" 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\/09\/the-market-yesterday-346\/')\">\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\/09\/the-market-yesterday-346\/\">\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\/09\/the-market-yesterday-346\/\">\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\/09\/the-market-yesterday-346\/&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%2F09%2Fthe-market-yesterday-346%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\/09\/the-market-yesterday-346\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-597970\" class=\"content-area-description single-story post-597970 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 17.10 | Sell 17.20<b><\/p>\n<p> EGP \/ USD at CIB:<\/b> Buy 17.08 | Sell 17.18<\/p>\n<p> <b>EGP \/ USD at NBE: <\/b>Buy 17.10 | Sell 17.20<\/p>\n<p><b>EGX30<\/b> (Wednesday): 14,027 (-2.5%)<\/p>\n<p> <b>Turnover:<\/b> EGP 585 mn (30% below the 90-day average)<\/p>\n<p> <b>EGX 30 year-to-date<\/b>: +7.6%<\/p>\n<p><b>THE MARKET ON WEDNESDAY:<\/b> The EGX30 ended Wednesday\u2019s session down 2.5%. CIB, the index heaviest constituent ended down 0.9%. Yesterday\u2019s worst performing stocks were Egyptian Iron & Steel down 8.2%, ACAMD down 8.1% and AMOC down 7.8%. The market turnover was EGP 585 mn, and foreign investors were the sole net buyers.<\/p>\n<p><b>Foreigners<\/b>: Net Long | EGP +111.6 mn<\/p>\n<p> <b>Regional<\/b>: Net Short | EGP -28.2 mn<\/p>\n<p> <b>Domestic<\/b>: Net Short | EGP -83.4 mn<\/p>\n<p><b>Retail<\/b>: 45.5% of total trades | 34.3% of buyers | 56.7% of sellers<\/p>\n<p> <b>Institutions<\/b>: 54.5% of total trades | 65.7% of buyers | 43.3% of sellers<\/p>\n<p><b>WTI:<\/b> USD 61.98 (+0.94%)<\/p>\n<p> <b>Brent:<\/b> USD 70.25 (+0.53%)<\/p>\n<p><b>Natural Gas<\/b> (Nymex, futures prices) USD 2.60 MMBtu, (+2.64%, Jun 2019)<\/p>\n<p> <b>Gold:<\/b> USD 1,281.50 \/ troy ounce (-0.32%)<\/p>\n<p><b>TASI:<\/b> 8,899.80 (-0.77%) (YTD: +13.71%)<\/p>\n<p> <b>ADX:<\/b> 5,123.94 (-0.01%) (YTD: +4.25%)<\/p>\n<p> <b>DFM:<\/b> 2,712.87 (-0.48%) (YTD: +7.24%)<\/p>\n<p> <b>KSE Premier Market:<\/b> 6,365.43 (+0.88%)<\/p>\n<p> <b>QE:<\/b> 10,123.40 (-1.25%) (YTD: -1.71%)<\/p>\n<p> <b>MSM:<\/b> 3,874.97 (-0.67%) (YTD: -10.38%)<\/p>\n<p> <b>BB: <\/b>1,441.06 (-0.05%) (YTD: +7.76%)<\/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=\"597971\" 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\/09\/597971\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-597971\" class=\"content-area-description single-story post-597971 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>14 May (Tuesday): Egyptian Private Equity Association annual sohour. Four Seasons Hotel, 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 Mediterranean<\/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":597938,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-597937","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"77427b23-138e-401d-abed-40628e51bc4c","teaser":"","photo_url":"https:\/\/ent.news\/2016\/10\/2294.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>In a low-growth world, we\u2019re out-growing our peers - 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\" href=\"https:\/\/enterpriseam.com\/egypt\/issues\/in-a-low-growth-world-were-out-growing-our-peers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"In a low-growth world, we\u2019re out-growing our peers\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/issues\/in-a-low-growth-world-were-out-growing-our-peers\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T20:09:40+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2016\/10\/2294.jpg?fit=%2C&ssl=1\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/in-a-low-growth-world-were-out-growing-our-peers\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/issues\/in-a-low-growth-world-were-out-growing-our-peers\/\",\"name\":\"In a low-growth world, we\u2019re out-growing our peers - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/in-a-low-growth-world-were-out-growing-our-peers\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/in-a-low-growth-world-were-out-growing-our-peers\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2016\/10\/2294.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2019-05-09T03:37:38+00:00\",\"dateModified\":\"2025-12-16T20:09:40+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/in-a-low-growth-world-were-out-growing-our-peers\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/issues\/in-a-low-growth-world-were-out-growing-our-peers\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/in-a-low-growth-world-were-out-growing-our-peers\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2016\/10\/2294.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2016\/10\/2294.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/in-a-low-growth-world-were-out-growing-our-peers\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Issues\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/AMarchives\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"In a low-growth world, we\u2019re out-growing our peers\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"In a low-growth world, we\u2019re out-growing our peers - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/issues\/in-a-low-growth-world-were-out-growing-our-peers\/","og_locale":"en_US","og_type":"article","og_title":"In a low-growth world, we\u2019re out-growing our peers","og_url":"https:\/\/enterpriseam.com\/egypt\/issues\/in-a-low-growth-world-were-out-growing-our-peers\/","og_site_name":"EnterpriseAM Egypt","article_modified_time":"2025-12-16T20:09:40+00:00","twitter_card":"summary_large_image","twitter_image":"https:\/\/i0.wp.com\/ent.news\/2016\/10\/2294.jpg?fit=%2C&ssl=1","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/in-a-low-growth-world-were-out-growing-our-peers\/","url":"https:\/\/enterpriseam.com\/egypt\/issues\/in-a-low-growth-world-were-out-growing-our-peers\/","name":"In a low-growth world, we\u2019re out-growing our peers - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/in-a-low-growth-world-were-out-growing-our-peers\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/in-a-low-growth-world-were-out-growing-our-peers\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2016\/10\/2294.jpg?fit=%2C&ssl=1","datePublished":"2019-05-09T03:37:38+00:00","dateModified":"2025-12-16T20:09:40+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/in-a-low-growth-world-were-out-growing-our-peers\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/issues\/in-a-low-growth-world-were-out-growing-our-peers\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/in-a-low-growth-world-were-out-growing-our-peers\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2016\/10\/2294.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2016\/10\/2294.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/in-a-low-growth-world-were-out-growing-our-peers\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Issues","item":"https:\/\/enterpriseam.com\/egypt\/AMarchives\/"},{"@type":"ListItem","position":3,"name":"In a low-growth world, we\u2019re out-growing our peers"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}}]}},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/597937","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/issue"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/597937\/revisions"}],"predecessor-version":[{"id":597980,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/597937\/revisions\/597980"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/597938"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=597937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=597937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=597937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}