{"id":598419,"date":"2019-05-26T03:59:37","date_gmt":"2019-05-26T03:59:37","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=598419"},"modified":"2025-12-16T20:26:38","modified_gmt":"2025-12-16T20:26:38","slug":"cbe-leaves-rates-on-hold-plus-egp-strengthens-breaks-egp-17-to-the-greenback","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/cbe-leaves-rates-on-hold-plus-egp-strengthens-breaks-egp-17-to-the-greenback\/","title":{"rendered":"CBE leaves rates on hold. Plus: EGP strengthens, breaks EGP 17 to the greenback"},"content":{"rendered":"<section id=\"598421\" 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=\"598421\">\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\/26\/what-were-tracking-on-26-may-2019\/\">\r\n                            What we\u2019re tracking on 26 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\/26\/what-were-tracking-on-26-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(); 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But what news there is? Well, it\u2019s big:<\/p><ul>\n<li><b>The tax authority looks set to settle with Global Telecom Holding<\/b>, potentially removing an overhang that has sapped sentiment on the EGX;<\/li>\n<li>The central bank <b>left interest rates on hold<\/b> this at its Thursday meeting;<\/li>\n<li><b>The EGP is strengthened again on Thursday<\/b>, closing the day at 16.9317 to the greenback. <\/li>\n<\/ul><p><b>Global markets are also taking a breather:<\/b> The New York Stock Exchange and Nasdaq are closed tomorrow for Memorial Day in the US, while the London Stock Exchange will also close its doors for the late-May bank holiday. US and UK markets reopen on Tuesday.<\/p><p><b>The trade and finance ministries will meet today with the heads of export councils<\/b> to discuss ways of settling overdue export subsidies, <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1400131\">Al Masry Al Youm reports<\/a>.<\/p><p class=\"web-image\"><a href=\"https:\/\/www.ft.com\/content\/aa90cf00-7e68-11e9-81d2-f785092ab560\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/5\/1642.jpg?ssl=1\"><\/a><\/p><p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <b>The ongoing battle between the US and China over trade and tech spooked the markets again last week.<\/b> The S&amp;P was down for the <a href=\"https:\/\/www.ft.com\/content\/8842567c-7db8-11e9-81d2-f785092ab560\">third week in a row<\/a>, while the Dow was down for the fifth week running, its <a href=\"https:\/\/www.wsj.com\/articles\/global-stocks-rise-after-selloff-11558685546?mod=hp_major_pos19\">longest losing streak since 2011<\/a>. <a href=\"https:\/\/www.ft.com\/content\/da1dcdcc-7d5a-11e9-81d2-f785092ab560\">Yields on US 10-year treasuries<\/a> fell to lows not seen since October 2017 as investors piled into safe-haven assets. Market expectations of <a href=\"https:\/\/www.ft.com\/content\/aa90cf00-7e68-11e9-81d2-f785092ab560\">a rate-cut in the US<\/a> continued to rise, with federal fund futures putting the likelihood of a cut before the end of 2019 at 78.5%.<\/p><p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-05-23\/oil-set-for-biggest-weekly-drop-of-the-year-on-trade-tensions?srnd=premium-middle-east\"><b>Oil also took a hit<\/b><\/a>, with WTI suffering its worst week of 2019 down 6.6% and Brent falling 4.9%.<\/p><p><b>Boiled frog syndrome? <\/b>Global investors are becoming quite grumpy about global risk amid Brexit and US-China rivalry, the <a href=\"https:\/\/www.ft.com\/content\/da1dcdcc-7d5a-11e9-81d2-f785092ab560\">FT warns<\/a>, with one columnist <a href=\"https:\/\/www.ft.com\/content\/7068af9c-7d72-11e9-81d2-f785092ab560\">drawing a parallel to the days before the Great Recession<\/a>: \u201cMarket shocks often erupt after a long period of slowly heating up \u2026 The mortgage and credit excesses were simmering back in 2005, for instance, only for investors to stay focused on squeezing markets for a little extra return.\u201d<\/p><p><b>Signs of the times:<\/b> <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-05-24\/this-week-markets-finally-woke-up-to-the-global-wall-of-worry\">Markets show they're finally waking up to global wall of worry<\/a> on Bloomberg and <a href=\"https:\/\/www.reuters.com\/article\/us-global-economy\/world-faces-clear-and-present-danger-from-trade-war-escalation-idUSKCN1SU1RY?il=0\">World faces 'clear and present danger' from trade war escalation<\/a>, a Reuters piece picking up on the OECD pronouncement we noted on Thursday morning.<\/p><p class=\"web-image\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-05-24\/this-week-markets-finally-woke-up-to-the-global-wall-of-worry?srnd=premium-middle-east\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/5\/178.jpg?ssl=1\"><\/a><\/p><p><b>Emerging markets aren\u2019t doing too great either:<\/b> EM equity funds lost USD 3.8 bn during the week ending Wednesday, marking the <b>fifth consecutive week of outflows <\/b>amid the worst performance for developing markets since the height of last year\u2019s EM Zombie Apocalypse, <a href=\"https:\/\/www.ft.com\/content\/fa106960-7da9-11e9-81d2-f785092ab560\">the FT writes<\/a>. <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-05-24\/this-week-markets-finally-woke-up-to-the-global-wall-of-worry?srnd=premium-middle-east\">Money continued to flow out<\/a> of BlackRock\u2019s EM ETF \u2014 the most actively-traded EM ETF. Data also shows that investors pulled USD 1.1 bn from EM bond funds in the past week, the second consecutive week of losses.<\/p><p><b>It\u2019s not all bad news though:<\/b> EM manufacturing and services PMIs have risen above developed economies for the first time since 2013. We have more on this in this morning\u2019s Macro Picture.<\/p><hr class=\"grey-line\"><p><b>It\u2019s election day in much of the European Union<\/b>, with poll watchers waiting anxiously for voting booths to close tonight for a sense of whether the EU will face a more fragmented parliament. Both the center-right European People's Party and center-left Socialists and Democrats are losing support to harder-line competitors amid an <a href=\"https:\/\/www.euronews.com\/2019\/05\/22\/eu-polls-populism-surge-as-brexit-party-forecast-to-take-most-seats-in-european-parliament\">upsurge<\/a> in populism, <a href=\"https:\/\/www.euronews.com\/2019\/05\/25\/the-thing-eurocrats-are-most-worried-about-with-eu-election-results\">Euronews<\/a> warns. <a href=\"https:\/\/www.reuters.com\/article\/us-eu-election\/europeans-vote-with-eu-future-in-balance-idUSKCN1SV0QQ\">Reuters<\/a> has more.<\/p><p><b>Why do we care? <\/b>First, the EU is our top trade and investment partner. Add to that:<\/p><ul>\n<li><b>An anticipated \u201cgreen wave\u201d could push more EU-based companies to move polluting industries our way. <\/b>An exit poll in Ireland, where voters came out on Friday, underlined \u201cconcerns about climate change and the environment [that] may bolster the pro-EU Greens group and could mean tighter regulations for industry.\u201d<\/li>\n<li><b>Mario Draghi\u2019s term is nearly over: <\/b>The elections will set the tone when European leaders meet to start choosing the next head of the European Central Bank, the <a href=\"https:\/\/www.wsj.com\/articles\/in-europe-haggling-begins-over-who-will-succeed-mario-draghi-11558782000\">WSJ notes<\/a>.<\/li>\n<\/ul><hr class=\"grey-line\"><p><b>You know you\u2019re onto something when the opportunists plot: <\/b>An \u201cobscure Cypriot\u201d group of investors are <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-05-23\/obscure-cypriot-plots-10-billion-bet-on-east-mediterranean-gas\">planning a USD 5-10 bn spending spree on Eastern Mediterranean gas<\/a>, claiming to be \u201cin talks with \u2018some of the most respected global family offices, private equity firms and sovereign funds\u2019 about raising the cash,\u201d Bloomberg writes. The story comes off as a PR piece that stupidly argues existing industry players \u201chave struggled to overcome longstanding political and legal hurdles and find viable export markets, leaving many investors to question whether these firms can realize the region\u2019s full potential.\u201d<\/p><p><b>Other headlines you should know about <\/b>in the global business press this morning:<\/p><ul>\n<li><b>The top business headline:<\/b> Fiat Chrysler and Renault are in talks for a \u201cwide-ranging\u201d tie up. (<a href=\"https:\/\/www.wsj.com\/articles\/fiat-chrysler-renault-in-talks-for-wide-ranging-tie-up-11558807383\">WSJ<\/a> | <a href=\"https:\/\/www.ft.com\/content\/5127ed50-7f07-11e9-9935-ad75bb96c849\">FT<\/a> | <a href=\"https:\/\/www.reuters.com\/article\/us-fiat-chrysler-renault-talks\/fiat-chrysler-in-tie-up-talks-with-renault-sources-idUSKCN1SV0LP\">Reuters<\/a>)<\/li>\n<li><b>UK Prime Minister Theresa May announced her resignation <\/b>on Friday following months of intense pressure from her party and a dismal performance in the polls leading up to last week\u2019s EU elections, <a href=\"https:\/\/www.bbc.com\/news\/uk-politics-48395905\">the BBC reports<\/a>. <\/li>\n<li><b>The company that nobody trusts with their data now wants to control our digital wallets:<\/b> Facebook is planning to launch a new cryptocurrency in 12 countries by early 2020, <a href=\"https:\/\/www.theguardian.com\/technology\/2019\/may\/24\/facebook-plans-to-launch-globalcoin-cryptocurrency-in-2020\">The Guardian reports<\/a>.<\/li>\n<li><b>Amazon shareholders are okay being spooks, it seems<\/b>, overwhelmingly voting to allow the company to sell its cutting-edge facial recognition tech to government agencies, <a href=\"https:\/\/www.cnbc.com\/2019\/05\/25\/amazon-facial-recognition-ban-won-just-2percent-of-shareholder-vote.html\">CNBC reports<\/a>. <\/li>\n<\/ul><hr class=\"grey-line\"><p class=\"web-image\"><a href=\"https:\/\/www.wsj.com\/articles\/public-markets-expose-the-myth-of-the-unicorn-11558627761\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/5\/2737.jpg?ssl=1\"><\/a><\/p><p><b>What We\u2019re Tracking Today, the Ramadan edition:<\/b><\/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><a href=\"https:\/\/www.wsj.com\/articles\/public-markets-expose-the-myth-of-the-unicorn-11558627761\"><b>Public markets expose the myth of the unicorn<\/b><\/a>, wherein the WSJ argues that while \u201csome of Silicon Valley\u2019s unicorns have achieved lofty valuations in private markets, the public market, as Lyft and Uber have discovered, is different.\u201d Read that alongside <a href=\"https:\/\/www.wsj.com\/articles\/wall-street-isnt-buying-what-silicon-valley-is-selling-11558756810\"><b>Wall Street isn\u2019t buying what Silicon Valley<\/b><\/a> is selling, also in the journal.<\/li>\n<li>The New York Times\u2019 <a href=\"https:\/\/www.nytimes.com\/interactive\/2019\/books\/summer-reading.html\"><b>summer reading<\/b><\/a> and <a href=\"https:\/\/www.nytimes.com\/2019\/05\/23\/arts\/television\/summer-tv-shows-2019.html\"><b>summer watching<\/b><\/a> lists have something for everyone. (Stranger Things season three is high on our list, and <a href=\"https:\/\/www.menshealth.com\/entertainment\/a27555520\/stranger-things-season-3-trailer-release-date-cast-news\/\">Men\u2019s Health<\/a> has the rundown on what\u2019s known so far.)<\/li>\n<li>It\u2019s short and sweet, but we like <a href=\"https:\/\/www.wsj.com\/articles\/always-on-work-culture-creating-broken-people-says-reddit-co-founder-11558464608\"><b>Reddit co-founder Alexis Ohanian warns the always-on work culture is creating \u201cbroken\u201d people<\/b><\/a> in the WSJ.<\/li>\n<\/ul><p><b>RAMADAN PSA-<\/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>So, when do we eat?<\/b> Maghrib is at 6:48pm CLT today in Cairo. You\u2019ll have until 3:14am tomorrow morning to caffeinate \/ finish your sohour.<\/p><p><b>WEATHER- <\/b>The mercury will steadily rise this week, going from 35\u00b0C today to 40\u00b0C on Thursday. Welcome to summer, y\u2019all.<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-today\/\">What We&#039;re Tracking Today<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/zambia\/\">Zambia<\/a>\n                <!-- <span 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You\u2019ll find our daily roundup here after Eid.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${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\/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=\"598424\" 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=\"598424\">\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\/26\/egypts-central-bank-keeps-interest-rates-on-hold\/\">\r\n                            Egypt\u2019s central bank keeps interest rates on hold                        <\/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\/26\/egypts-central-bank-keeps-interest-rates-on-hold\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The MPC left the overnight deposit and lending rates at 15.75% and 16.75%, respectively, and also left on hold its main operation and discount rates at 16.25%, <a href=\"https:\/\/ent.news\/2019\/5\/3067.pdf\">the CBE said in a statement (pdf)<\/a>. The story was covered by <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-05-23\/egypt-central-bank-holds-rates-steady-before-fresh-subsidy-cuts\">Bloomberg<\/a> and <a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL5N22Z4SF\">Reuters<\/a>.<\/p>\n<p><b>The move was in line with expectations: <\/b>All 12 economists <a href=\"https:\/\/enterprise.press\/stories\/2019\/05\/19\/enterprise-poll-central-bank-of-egypt-to-maintain-rates-despite-drop-in-april-inflation\/\">we polled<\/a> ahead of the meeting said they expected rates to be left on hold. Respondents cited the likely impact on inflation of upcoming cuts to subsidies for fuel and electricity. They said they <b>expect easing to resume toward the end of this year<\/b>.<\/p>\n<p><b>The CBE\u2019s rationale:<\/b> The current rates are \u201cappropriate and consistent with achieving the inflation target rate of 9% (\u00b13%) by 4Q2020 and the stability of prices in the medium-term,\u201d the CBE said in the statement. \u201cThe outlook for inflation incorporates the probable procedures to fix state finances,\u201d which includes <a href=\"https:\/\/enterprise.press\/stories\/2019\/04\/07\/imf-releases-fourth-review-of-egypts-reform-program\/\">lifting subsidies<\/a> on most petroleum products and the implementation of a new pricing mechanism that will peg the domestic price of fuel to international markets.<\/p>\n<p><b>Inflation had cooled in April:<\/b> The annual headline rate of inflation fell to 13.0% in April from 14.2% in March, the lowest rate since the start of the year, according to <a href=\"https:\/\/ent.news\/2019\/5\/994.pdf\">central bank figures (pdf)<\/a>.<\/p>\n<p><b>A messy backdrop including global trade wars and rising oil prices is also a concern:<\/b> Global economic growth is slowing and the negative impact of trade tensions has yet to be felt in full, the CBE suggested. Oil prices have been increasing since the start of the year and are vulnerable to more volatility due to regional risks and other supply factors which are impacting the outlook for local inflation, it added.<\/p>\n<p class=\"web-image\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-05-23\/world-s-best-carry-trade-here-to-stay-as-egypt-delays-rate-cuts\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/5\/813.jpg?ssl=1\"><\/a><\/p>\n<p><b>The move means businesses will be leaving capex spending on hold for the time being.<\/b> The 100 bps rate cut at the start of 2019 sent a positive message, but <a href=\"https:\/\/enterprise.press\/stories\/2019\/05\/20\/when-will-we-see-capex-spending-pick-up\/\">analysts told us<\/a> rates will have to fall further before businesses start borrowing to invest. Look for appetite for working capital finance to hold up in the meantime.<\/p>\n<p><b>But the carry trade isn\u2019t likely to lose its appeal to global investors:<\/b> \u201cEgypt will remain attractive for investors compared to other emerging markets because its interest rate should remain relatively high, its currency position good, and the country\u2019s risk profile is low compared to other emerging peers,\u201d Mohamed Abu Basha, head of macroeconomic analysis at EFG Hermes, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-05-23\/world-s-best-carry-trade-here-to-stay-as-egypt-delays-rate-cuts\">told Bloomberg<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/central-bank-of-egypt\/\">Central Bank of Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/inflation\/\">inflation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/interest-rates\/\">interest rates<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/monetary-policy\/\">monetary policy<\/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=\"598433\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"598434\" 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=\"598434\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">THE MACRO PICTURE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/26\/em-pmis-best-developed-economies-for-first-time-since-2013\/\">\r\n                            EM PMIs best developed economies for first time since 2013                        <\/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\/26\/em-pmis-best-developed-economies-for-first-time-since-2013\/\" 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\/26\/em-pmis-best-developed-economies-for-first-time-since-2013\/')\">\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\/26\/em-pmis-best-developed-economies-for-first-time-since-2013\/\">\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=EM PMIs best developed economies for first time since 2013&url=https:\/\/enterpriseam.com\/egypt\/2019\/05\/26\/em-pmis-best-developed-economies-for-first-time-since-2013\/\">\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\/26\/em-pmis-best-developed-economies-for-first-time-since-2013\/&title=EM PMIs best developed economies for first time since 2013\">\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=EM+PMIs+best+developed+economies+for+first+time+since+2013+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F05%2F26%2Fem-pmis-best-developed-economies-for-first-time-since-2013%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\/26\/em-pmis-best-developed-economies-for-first-time-since-2013\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/5\/537.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"598435\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/26\/em-pmis-best-developed-economies-for-first-time-since-2013\/537-jpg-13\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/5\/537.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"537.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/5\/537.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/5\/537.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-598434\" class=\"content-area-description single-story post-598434 post type-post status-publish format-standard has-post-thumbnail hentry category-the-macro-picture tag-china tag-emerging-markets tag-enterpriseam tag-gdp tag-pmi tag-tax tag-the-macro-picture tag-us wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <b>Emerging markets have pulled ahead of advanced economies for the first time since 2013 on the latest purchasing managers\u2019 indices<\/b> (PMI) for services and manufacturing, the <a href=\"https:\/\/www.ft.com\/content\/dfa8f0de-7d6c-11e9-81d2-f785092ab560\">Financial Times<\/a> reports. After a bumpy year, emerging markets\u2019 aggregate reading for the two indices comes in at 52.4 for EMs, suggesting that annual GDP growth will be in the range of 5.5% \u2014 well above the 4.4% recently forecast by the IMF. Meanwhile, developed markets\u2019 readings fell below those of EMs on both indices. A reading above 50.0 tends to show that business activity is expanding, while a figure below this indicates contraction.<\/p>\n<p><b>What\u2019s behind the better-than-expected performance?<\/b> Industrial production grew to 3.6% y-o-y in March from 2.1% in December, driven by steady global demand for EM products. Exports appear to be making a \u201cpretty significant recovery,\u201d with the export orders component of the EM manufacturing index having risen to 49.5 from 48.5 between February and April. Others have suggested that the improvement is the result of monetary easing in some EM, including Egypt, as rate hikes resulting from last year\u2019s EM Zombie Apocalypse were reversed. Egypt\u2019s PMI broke the all-important 50.0 mark <a href=\"https:\/\/enterprise.press\/stories\/2019\/05\/06\/egypts-non-oil-business-activity-expands-for-the-first-time-in-eight-months\/\">in April<\/a>, showing that non-oil business activity expanded for the first time in eight months.<\/p>\n<p><b>The calm before the storm?<\/b> The PMI data was compiled before the recent intensification of tensions between China and the US, which has sent jitters through emerging markets over the past several weeks and threatens to undo the recent rebound in EM PMIs. Renaissance Capital chief economist Charles Robertson is one of several analysts \u201cexpecting EM PMIs to take a beating in coming months due to the trade war.\u201d<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/emerging-markets\/\">emerging markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gdp\/\">GDP<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pmi\/\">PMI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tax\/\">tax<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-macro-picture\/\">THE MACRO PICTURE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us\/\">US<\/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=\"598436\" 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=\"598436\">\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\/26\/expect-a-quiet-few-days-for-egypt-in-the-news-thanks-to-holidays-in-the-uk-and-us\/\">\r\n                            Expect a quiet few days for Egypt in the news thanks to holidays in the UK and US                        <\/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\/26\/expect-a-quiet-few-days-for-egypt-in-the-news-thanks-to-holidays-in-the-uk-and-us\/\" 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\/26\/expect-a-quiet-few-days-for-egypt-in-the-news-thanks-to-holidays-in-the-uk-and-us\/')\">\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\/26\/expect-a-quiet-few-days-for-egypt-in-the-news-thanks-to-holidays-in-the-uk-and-us\/\">\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=Expect a quiet few days for Egypt in the news thanks to holidays in the UK and US&url=https:\/\/enterpriseam.com\/egypt\/2019\/05\/26\/expect-a-quiet-few-days-for-egypt-in-the-news-thanks-to-holidays-in-the-uk-and-us\/\">\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\/26\/expect-a-quiet-few-days-for-egypt-in-the-news-thanks-to-holidays-in-the-uk-and-us\/&title=Expect a quiet few days for Egypt in the news thanks to holidays in the UK and US\">\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=Expect+a+quiet+few+days+for+Egypt+in+the+news+thanks+to+holidays+in+the+UK+and+US+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F05%2F26%2Fexpect-a-quiet-few-days-for-egypt-in-the-news-thanks-to-holidays-in-the-uk-and-us%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\/26\/expect-a-quiet-few-days-for-egypt-in-the-news-thanks-to-holidays-in-the-uk-and-us\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-598436\" class=\"content-area-description single-story post-598436 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-education tag-egypt-in-the-news tag-enterpriseam tag-environment tag-religion wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>It\u2019s another quiet morning for Egypt in the foreign press<\/b>. We expect the lull will persist for the next few days thanks to holidays in the UK and across the pond, where apparently Sham El Nessim and our love for smelly fish have finally made it to New York City. The <a href=\"https:\/\/www.nytimes.com\/2019\/05\/23\/t-magazine\/laila-gohar-dinner-party.html?searchResultPosition=7\">New York Times\u2019 Style Magazine<\/a> takes a look at how Egyptian chef and artist Laila Gohar brings a piece of Egypt to New York with an evening to celebrate the arrival of spring.<\/p>\n<p>Other headlines worth a scan today include:<\/p>\n<ul>\n<li><b>The Egyptian authorities have released dozens of high school students<\/b> who were taken into police custody after protesting against a new electronic exam system that they said jeopardized their future, the <a href=\"https:\/\/www.bbc.com\/news\/world-middle-east-48386009\">BBC<\/a> reports. <\/li>\n<li><b>An increasing number of Egypt\u2019s estimated 75k dwarfs are turning to football <\/b>to feel more integrated into a society where they face widespread discrimination and marginalization, <a href=\"http:\/\/www.xinhuanet.com\/english\/2019-05\/25\/c_138087284.htm\">Xinhua<\/a> reports. <\/li>\n<li><b>Egyptian Jews today number only six women, <\/b><a href=\"http:\/\/www.arabnews.com\/node\/1501761\/middle-east\">according to Arab News<\/a> \u2014 a far cry from the days when we had the Arab world\u2019s largest Jewish community, estimated to be between 75k and 80k in 1922. <\/li>\n<li><b>Urban farming startup <\/b><a href=\"https:\/\/schaduf.com\/\"><b>Schaduf<\/b><\/a><b> is helping lower-income Egyptians create rooftop gardens<\/b> using hydroponics, bringing both environmental and social benefits, <a href=\"https:\/\/www.dw.com\/en\/greening-egypts-capital-with-rooftop-gardens\/av-48853499\">Deutsche Welle<\/a> reports. <\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-in-the-news\/\">Egypt in the News<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/environment\/\">environment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/religion\/\">Religion<\/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=\"598437\" 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=\"598437\">\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\/26\/el-sisi-says-africa-moving-forwards-towards-development\/\">\r\n                            El Sisi says Africa moving forwards towards development                        <\/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\/26\/el-sisi-says-africa-moving-forwards-towards-development\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Both state-run newspapers are running with coverage of President Abdel Fattah El Sisi\u2019s speech during the celebrations, with particular focus on his comment that Africa is steadily moving forward towards sustainable development. Separately, <a href=\"http:\/\/www.algomhuria.net.eg\/algomhuria\/today\/fpage\/\">Al Gomhuria reports<\/a> that Egypt, Cyprus and Greece will convene this week to draft a roadmap and agree on the next steps of the EUR 2 bn power link between the three countries.<\/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\/africa\/\">Africa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cyprus\/\">Cyprus<\/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\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/greece\/\">Greece<\/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=\"598438\" 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=\"598438\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/26\/diplomacy-foreign-trade-sudan-tmc-boss-visits-cairo-exports-are-down-el-sisi-cancels-trip-to-zambia\/\">\r\n                            Diplomacy + Foreign Trade: Sudan TMC boss visits Cairo, exports are down, El Sisi cancels trip to Zambia                        <\/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\/26\/diplomacy-foreign-trade-sudan-tmc-boss-visits-cairo-exports-are-down-el-sisi-cancels-trip-to-zambia\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The visit marked El Burhan\u2019s first international trip since autocrat Omar Al Bashir was ousted in April.<\/p>\n<p><b>The African Continental Trade Agreement (AfCFTA) will come into effect (on paper) this Thursday<\/b>, the Foreign Ministry said in a statement yesterday. The heavy lifting starts at a 7 July meeting of heads of state in Niamey, Niger, that will finalize work on everything from rules of origin to a digital payment and settlement platform, <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/335228\/Egypt\/Politics-\/African-Continental-Free-Trade-Area-to-come-into-f.aspx\">Ahram Online<\/a> writes.<\/p>\n<p><b>Exports from freezones plunged 52% y-o-y in 2Q2018-19 to USD 1.1 bn<\/b>, compared to EGP 2.4 bn a year earlier, <a href=\"http:\/\/enterprise.press\/wp-content\/uploads\/2019\/05\/Bulletin_265_-April-20191.pdf\">central bank data shows (pdf pp. 85-86 - table 27)<\/a>. Net trade during 2Q2018-2019 was USD 89 mn of net exports, compared to USD 947 mn last year.<\/p>\n<p><b>President Abdel Fattah El Sisi canceled his scheduled trip to Zambia over the weekend<\/b>, <a href=\"https:\/\/zambiareports.com\/2019\/05\/24\/egyptian-president-cancels-zambia-trip\/\">local media reported<\/a>, citing domestic reasons. El Sisi instead held a phone conversation with Zambian president Edgar Lungu to discuss regional affairs, <a href=\"https:\/\/web.facebook.com\/Egy.Pres.Spokesman\/posts\/614395312413186?__tn__=-R\">according to an Ittihadiya statement<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy-foreign-trade\/\">Diplomacy + Foreign Trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/politics\/\">politics<\/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=\"598439\" 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=\"598439\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">Basic Materials + Commodities<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/26\/bread-prices-in-egypt-to-remain-unchanged-after-julys-electricity-price-increases\/\">\r\n                            Bread prices in Egypt to remain unchanged after July\u2019s electricity price increases                        <\/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\/26\/bread-prices-in-egypt-to-remain-unchanged-after-julys-electricity-price-increases\/\" 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\/26\/bread-prices-in-egypt-to-remain-unchanged-after-julys-electricity-price-increases\/')\">\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\/26\/bread-prices-in-egypt-to-remain-unchanged-after-julys-electricity-price-increases\/\">\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=Bread prices in Egypt to remain unchanged after July\u2019s electricity price increases&url=https:\/\/enterpriseam.com\/egypt\/2019\/05\/26\/bread-prices-in-egypt-to-remain-unchanged-after-julys-electricity-price-increases\/\">\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\/26\/bread-prices-in-egypt-to-remain-unchanged-after-julys-electricity-price-increases\/&title=Bread prices in Egypt to remain unchanged after July\u2019s electricity price increases\">\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=Bread+prices+in+Egypt+to+remain+unchanged+after+July%E2%80%99s+electricity+price+increases+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F05%2F26%2Fbread-prices-in-egypt-to-remain-unchanged-after-julys-electricity-price-increases%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\/26\/bread-prices-in-egypt-to-remain-unchanged-after-julys-electricity-price-increases\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-598439\" class=\"content-area-description single-story post-598439 post type-post status-publish format-standard hentry category-basic-materials-commodities tag-basic-materials-commodities tag-commodities tag-energy tag-enterpriseam tag-social-welfare wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The price of subsidized bread will remain unchanged despite the expected increase in costs when average electricity prices <a href=\"https:\/\/enterprise.press\/2019\/05\/22\/electricity-prices-rise-15-average-fy2019-2020\/\">rise 15% on 1 July<\/a>, a source from the Supply Ministry <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=23052019&id=15fdf306-11b5-4539-973d-d6bf2f539c3f\">told Al Shorouk<\/a>. The cost to produce a loaf of bread could increase to EGP 0.60-0.62 from EGP 0.55-0.58 when the new prices take effect, the source said. This will be fully absorbed by the government, keeping the price of a subsidized loaf at five piasters.<\/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\/basic-materials-commodities\/\">Basic Materials + Commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/commodities\/\">commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/social-welfare\/\">social welfare<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"598440\" 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=\"598440\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">Health + Education<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/26\/pharco-pharmaceuticals-modon-to-build-pharma-complex-in-madinah\/\">\r\n                            Pharco Pharmaceuticals, MODON to build pharma complex in Madinah                        <\/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\/26\/pharco-pharmaceuticals-modon-to-build-pharma-complex-in-madinah\/\" 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\/26\/pharco-pharmaceuticals-modon-to-build-pharma-complex-in-madinah\/')\">\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\/26\/pharco-pharmaceuticals-modon-to-build-pharma-complex-in-madinah\/\">\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=Pharco Pharmaceuticals, MODON to build pharma complex in Madinah&url=https:\/\/enterpriseam.com\/egypt\/2019\/05\/26\/pharco-pharmaceuticals-modon-to-build-pharma-complex-in-madinah\/\">\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\/26\/pharco-pharmaceuticals-modon-to-build-pharma-complex-in-madinah\/&title=Pharco Pharmaceuticals, MODON to build pharma complex in Madinah\">\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=Pharco+Pharmaceuticals%2C+MODON+to+build+pharma+complex+in+Madinah+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F05%2F26%2Fpharco-pharmaceuticals-modon-to-build-pharma-complex-in-madinah%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\/26\/pharco-pharmaceuticals-modon-to-build-pharma-complex-in-madinah\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-598440\" class=\"content-area-description single-story post-598440 post type-post status-publish format-standard hentry category-health-education tag-construction tag-development tag-enterpriseam tag-health tag-health-education tag-pharma wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Egypt\u2019s Pharco Pharma has signed an industrial land lease with the Saudi Authority for Industrial Cities and Technology Zones (MODON) for an area in Madinah, Saudi Arabia, covering over 62k sqm, <a href=\"https:\/\/aawsat.com\/english\/home\/article\/1737706\/saudi-modon-egypts-pharco-establish-integrated-pharmaceutical-complex\">Asharq al-Awsat<\/a> reports. The two organizations will invest SR 570 mn to build an integrated pharma complex that will house research and development centers and create around 1k jobs.<\/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\/construction\/\">construction<\/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\/health\/\">health<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/health-education\/\">Health + Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pharma\/\">pharma<\/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=\"598441\" 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=\"598441\">\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\">Real Estate + Housing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/26\/ora-developers-launches-zed-development-in-sheikh-zayed\/\">\r\n                            Ora Developers launches ZED development in Sheikh Zayed                        <\/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\/26\/ora-developers-launches-zed-development-in-sheikh-zayed\/\" 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\/26\/ora-developers-launches-zed-development-in-sheikh-zayed\/')\">\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\/26\/ora-developers-launches-zed-development-in-sheikh-zayed\/\">\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=Ora Developers launches ZED development in Sheikh Zayed&url=https:\/\/enterpriseam.com\/egypt\/2019\/05\/26\/ora-developers-launches-zed-development-in-sheikh-zayed\/\">\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\/26\/ora-developers-launches-zed-development-in-sheikh-zayed\/&title=Ora Developers launches ZED development in Sheikh Zayed\">\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=Ora+Developers+launches+ZED+development+in+Sheikh+Zayed+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F05%2F26%2Fora-developers-launches-zed-development-in-sheikh-zayed%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\/26\/ora-developers-launches-zed-development-in-sheikh-zayed\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-598441\" class=\"content-area-description single-story post-598441 post type-post status-publish format-standard hentry category-real-estate-housing tag-enterpriseam tag-ora-developers tag-real-estate tag-real-estate-housing tag-zed wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Bn\u2019aire Naguib Sawiris\u2019 Ora Developers launched its EGP 35 bn project ZED Park in Sheikh Zayed, <a href=\"https:\/\/ent.news\/2019\/5\/105.pdf\">the company said in a statement (pdf)<\/a>. The first phase of the project was sold out in a week, CEO Haitham Mohamed said. ZED incorporates 5k apartments in two interconnected towers of 20 floors each and other apartment buildings of 10 floors. Zed Park is expected to open in October.<\/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\/ora-developers\/\">Ora Developers<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate\/\">real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate-housing\/\">Real Estate + Housing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/zed\/\">ZED<\/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=\"598443\" 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=\"598443\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">Tourism<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/26\/egypts-slcc-sets-higher-usd-2-5-mn-limit-in-giza-plateau-tender-relaunch\/\">\r\n                            Egypt\u2019s SLCC sets higher USD 2.5 mn limit in Giza Plateau tender relaunch                        <\/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\/26\/egypts-slcc-sets-higher-usd-2-5-mn-limit-in-giza-plateau-tender-relaunch\/\" 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\/26\/egypts-slcc-sets-higher-usd-2-5-mn-limit-in-giza-plateau-tender-relaunch\/')\">\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\/26\/egypts-slcc-sets-higher-usd-2-5-mn-limit-in-giza-plateau-tender-relaunch\/\">\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 SLCC sets higher USD 2.5 mn limit in Giza Plateau tender relaunch&url=https:\/\/enterpriseam.com\/egypt\/2019\/05\/26\/egypts-slcc-sets-higher-usd-2-5-mn-limit-in-giza-plateau-tender-relaunch\/\">\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\/26\/egypts-slcc-sets-higher-usd-2-5-mn-limit-in-giza-plateau-tender-relaunch\/&title=Egypt\u2019s SLCC sets higher USD 2.5 mn limit in Giza Plateau tender relaunch\">\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+SLCC+sets+higher+USD+2.5+mn+limit+in+Giza+Plateau+tender+relaunch+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F05%2F26%2Fegypts-slcc-sets-higher-usd-2-5-mn-limit-in-giza-plateau-tender-relaunch%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\/26\/egypts-slcc-sets-higher-usd-2-5-mn-limit-in-giza-plateau-tender-relaunch\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-598443\" class=\"content-area-description single-story post-598443 post type-post status-publish format-standard hentry category-tourism tag-dispute-watch tag-enterpriseam tag-giza-plateau tag-sound-and-light-cinema-company tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The Sound and Light Cinema Company (SLCC) has raised the minimum value of its annual tender to develop and manage the sound and light show at the Pyramids to USD 2.5 mn, sources familiar with the matter <a href=\"https:\/\/almalnews.com\/%D8%A7%D9%84%D8%AD%D9%83%D9%88%D9%85%D8%A9-%D8%AA%D8%B7%D9%84%D8%A8-2-5-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D8%AD%D8%AF%D8%A7%D9%8B-%D8%A3%D8%AF%D9%86%D9%89-%D8%B3%D9%86\/\">told Al Mal<\/a>. The previous contract was worth EGP 10 mn (c. USD 600k), and was held by a JV between Orascom Investment Holding (OIH) and Prism International. SLCC <a href=\"https:\/\/enterprise.press\/stories\/2018\/12\/19\/slcc-annulls-usd-10-mn-giza-plateau-development-contract-with-oih\/\">annulled the contract<\/a> last year after Orascom breached the contract terms by failing to carry out the required work. The company has launched a separate tender to develop the area near the Sphinx, <a href=\"https:\/\/www.youm7.com\/story\/2019\/5\/23\/%E2%80%8F%E2%80%AB%D8%A7%D9%84%D8%B5%D9%88%D8%AA-%D9%88%D8%A7%D9%84%D8%B6%D9%88%D8%A1-%D8%AA%D8%B7%D8%B1%D8%AD-%D9%85%D8%B2%D8%A7%D9%8A%D8%AF%D8%A9-%D9%84%D8%A7%D8%B3%D8%AA%D8%BA%D9%84%D8%A7%D9%84-%D9%85%D9%86%D8%B7%D9%82%D8%A9-%D8%A8%D9%87%D9%88-%D8%AE%D9%88%D9%81%D9%88\/4254009\">according to Youm7<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/dispute-watch\/\">dispute watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/giza-plateau\/\">Giza Plateau<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sound-and-light-cinema-company\/\">Sound and Light Cinema Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"598445\" 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=\"598445\">\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\">Banking + Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/26\/efg-announces-cash-dividends-of-egp-0-65-share-from-12-june\/\">\r\n                            EFG announces cash dividends of EGP 0.65 \/ share from 12 June                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/26\/efg-announces-cash-dividends-of-egp-0-65-share-from-12-june\/\" 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\/26\/efg-announces-cash-dividends-of-egp-0-65-share-from-12-june\/')\">\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\/26\/efg-announces-cash-dividends-of-egp-0-65-share-from-12-june\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            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<\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=EFG+announces+cash+dividends+of+EGP+0.65+%2F+share+from+12+June+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F05%2F26%2Fefg-announces-cash-dividends-of-egp-0-65-share-from-12-june%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/26\/efg-announces-cash-dividends-of-egp-0-65-share-from-12-june\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-598445\" class=\"content-area-description single-story post-598445 post type-post status-publish format-standard hentry category-banking-finance tag-banking-finance tag-efg-hermes tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>EFG Hermes has announced cash dividends of EGP 0.65 per share payable starting 12 June, the company <a href=\"http:\/\/www.egx.com.eg\/downloads\/Bulletins\/230811_1.pdf\">said in a bourse filing (pdf)<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking-finance\/\">BANKING + FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/efg-hermes\/\">EFG Hermes<\/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=\"598446\" 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=\"598446\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">13<\/div>\r\n\r\n                    <p class=\"f-graphik\">Other Business News of Note<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/26\/maf-inaugurates-carrefour-store-in-ismailia\/\">\r\n                            MAF inaugurates Carrefour store in Ismailia                        <\/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\/26\/maf-inaugurates-carrefour-store-in-ismailia\/\" 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\/26\/maf-inaugurates-carrefour-store-in-ismailia\/')\">\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\/26\/maf-inaugurates-carrefour-store-in-ismailia\/\">\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=MAF inaugurates Carrefour store in Ismailia&url=https:\/\/enterpriseam.com\/egypt\/2019\/05\/26\/maf-inaugurates-carrefour-store-in-ismailia\/\">\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\/26\/maf-inaugurates-carrefour-store-in-ismailia\/&title=MAF inaugurates Carrefour store in Ismailia\">\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=MAF+inaugurates+Carrefour+store+in+Ismailia+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F05%2F26%2Fmaf-inaugurates-carrefour-store-in-ismailia%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\/26\/maf-inaugurates-carrefour-store-in-ismailia\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-598446\" class=\"content-area-description single-story post-598446 post type-post status-publish format-standard hentry category-other-business-news-of-note tag-enterpriseam tag-investment-watch tag-majid-al-futtaim tag-other-business-news-of-note tag-retail wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Majid Al-Futtaim Group (MAF) has inaugurated a shopping mall, with a Carrefour store, in Ismailia at an investment cost of EGP 200 mn, <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=23052019&id=9fb8fc21-2666-4572-8a08-535f08f28b73\">Al Shorouk reports<\/a>. The mall is the first of an agreement signed between MAF, the Investment Ministry, and the National Service Projects Organization to open 100 outlets in industrial zones across Egypt. The company is planning to have completed 60 branches by the end of the year.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/majid-al-futtaim\/\">Majid Al Futtaim<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/other-business-news-of-note\/\">Other Business News of Note<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/retail\/\">retail<\/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=\"598447\" 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=\"598447\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">14<\/div>\r\n\r\n                    <p class=\"f-graphik\">Egypt Politics + Economics<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/26\/egypt-sends-aircraft-to-help-israel-battle-wildfires\/\">\r\n                            Egypt sends aircraft to help Israel battle wildfires                        <\/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\/26\/egypt-sends-aircraft-to-help-israel-battle-wildfires\/\" 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\/26\/egypt-sends-aircraft-to-help-israel-battle-wildfires\/')\">\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\/26\/egypt-sends-aircraft-to-help-israel-battle-wildfires\/\">\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 sends aircraft to help Israel battle wildfires&url=https:\/\/enterpriseam.com\/egypt\/2019\/05\/26\/egypt-sends-aircraft-to-help-israel-battle-wildfires\/\">\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\/26\/egypt-sends-aircraft-to-help-israel-battle-wildfires\/&title=Egypt sends aircraft to help Israel battle wildfires\">\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+sends+aircraft+to+help+Israel+battle+wildfires+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F05%2F26%2Fegypt-sends-aircraft-to-help-israel-battle-wildfires%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\/26\/egypt-sends-aircraft-to-help-israel-battle-wildfires\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-598447\" class=\"content-area-description single-story post-598447 post type-post status-publish format-standard hentry category-egypt-politics-economics tag-aviation tag-climate-change tag-egypt-politics-economics tag-enterpriseam tag-israel wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Israeli Prime Minister Benjamin Netanyahu has thanked Egyptian President Abdel Fattah El Sisi, along with Italy, Cyprus, Greece, and Croatia, for sending aircraft to help Israel battle wildfires that prompted the evacuation of 3.5k people in small towns on Thursday, <a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL5N2301IW\">Reuters<\/a> reports.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/aviation\/\">aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/climate-change\/\">climate change<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/israel\/\">Israel<\/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=\"598450\" 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=\"598450\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">15<\/div>\r\n\r\n                    <p class=\"f-graphik\">Sports<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/26\/al-ahly-threatens-to-withdraw-from-premier-league-if-matches-are-postponed\/\">\r\n                            Al Ahly threatens to withdraw from premier league if matches are postponed                        <\/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\/26\/al-ahly-threatens-to-withdraw-from-premier-league-if-matches-are-postponed\/\" 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\/26\/al-ahly-threatens-to-withdraw-from-premier-league-if-matches-are-postponed\/')\">\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\/26\/al-ahly-threatens-to-withdraw-from-premier-league-if-matches-are-postponed\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Al Ahly threatens to withdraw from premier league if matches are postponed&url=https:\/\/enterpriseam.com\/egypt\/2019\/05\/26\/al-ahly-threatens-to-withdraw-from-premier-league-if-matches-are-postponed\/\">\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\/26\/al-ahly-threatens-to-withdraw-from-premier-league-if-matches-are-postponed\/&title=Al Ahly threatens to withdraw from premier league if matches are postponed\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Al+Ahly+threatens+to+withdraw+from+premier+league+if+matches+are+postponed+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F05%2F26%2Fal-ahly-threatens-to-withdraw-from-premier-league-if-matches-are-postponed%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\/26\/al-ahly-threatens-to-withdraw-from-premier-league-if-matches-are-postponed\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-598450\" class=\"content-area-description single-story post-598450 post type-post status-publish format-standard hentry category-_newspack_sports tag-al-ahly tag-enterpriseam tag-sports wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Al Ahly football club has threatened to pull out of the Egyptian Premier League (EPL) if the Egyptian Football Association were to postpone any of its remaining matches until after the African Cup of Nations, which is slated to kick off 21 June, <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/6\/51\/335192\/Sports\/Egyptian-Football\/Ahly-threaten-to-withdraw-from-Egyptian-league-ove.aspx\">Ahram Online reported<\/a>. The EPL said last week that Al Ahly would play Zamalek FC after the African Cup.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/al-ahly\/\">Al Ahly<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sports\/\">sports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"598451\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"598451\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/26\/nestle-tips-5\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-598451\" class=\"content-area-description single-story post-598451 post type-post status-publish format-standard hentry category-uncategorized tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/5\/1020.jpg?ssl=1\"><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"598452\" 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=\"598452\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">16<\/div>\r\n\r\n                    <p class=\"f-graphik\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/26\/cairos-bridges-through-history\/\">\r\n                            Cairo\u2019s bridges through history                        <\/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\/26\/cairos-bridges-through-history\/\" 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\/26\/cairos-bridges-through-history\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" 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href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2019\/05\/26\/cairos-bridges-through-history\/&title=Cairo\u2019s bridges through history\">\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=Cairo%E2%80%99s+bridges+through+history+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F05%2F26%2Fcairos-bridges-through-history%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\/26\/cairos-bridges-through-history\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/5\/345.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"598453\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/26\/cairos-bridges-through-history\/345-jpg-23\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/5\/345.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"345.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/5\/345.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/5\/345.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-598452\" class=\"content-area-description single-story post-598452 post type-post status-publish format-standard has-post-thumbnail hentry category-on-your-way-out tag-construction tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>Cairo\u2019s bridges through history:<\/b> Rod El Farag bridge has been inaugurated and made it into the Guinness Book of World Records, but what position have Cairo\u2019s other bridges occupied in history? <a href=\"https:\/\/egyptianstreets.com\/2019\/05\/24\/cairos-bridges-over-time-tracing-a-history-of-construction\/\">Egyptian Streets<\/a> takes a look at the historical and practical value of some of our city\u2019s best-known landmarks.<\/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\/construction\/\">construction<\/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=\"598454\" 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=\"598454\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">17<\/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\/26\/the-market-yesterday-357\/\">\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\/26\/the-market-yesterday-357\/\" 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\/26\/the-market-yesterday-357\/')\">\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\/26\/the-market-yesterday-357\/\">\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\/26\/the-market-yesterday-357\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            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<div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/26\/the-market-yesterday-357\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-598454\" class=\"content-area-description single-story post-598454 post type-post status-publish format-standard hentry category-the-market-yesterday tag-enterpriseam tag-the-market-yesterday wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><p><b>EGP \/ USD CBE market average: <\/b>Buy 16.83 | Sell 16.93<b><\/p>\n<p> EGP \/ USD at CIB:<\/b> Buy 16.81 | Sell 16.91<\/p>\n<p> <b>EGP \/ USD at NBE: <\/b>Buy 16.85 | Sell 16.95<\/p>\n<p><b>EGX30<\/b> (Thursday): 13.777 (+0.8%)<\/p>\n<p> <b>Turnover:<\/b> EGP 355 mn (55% below the 90-day average)<\/p>\n<p> <b>EGX 30 year-to-date<\/b>: +5.7%<\/p>\n<p><b>THE MARKET ON THURSDAY:<\/b> The EGX30 ended Thursday\u2019s session up 0.8%. CIB, the index heaviest constituent ended up 0.2%. EGX30\u2019s top performing constituents were AMOC up 4.6%, and Ezz Steel up 2.8%, and Egypt Kuwait Holding up 2.7%. Thursday\u2019s worst performing stocks were SODIC down 0.2%. The market turnover was EGP 355 mn, and foreign investors were the sole net sellers.<\/p>\n<p><b>Foreigners<\/b>: Net Short | EGP -51.5 mn<\/p>\n<p> <b>Regional<\/b>: Net Long | EGP +15.6 mn<\/p>\n<p> <b>Domestic<\/b>: Net Long | EGP +35.9 mn<\/p>\n<p><b>Retail<\/b>: 48.0% of total trades | 49.4% of buyers | 46.6% of sellers<\/p>\n<p> <b>Institutions<\/b>: 52.0% of total trades | 50.6% of buyers | 53.4% of sellers<\/p>\n<p><b>WTI:<\/b> USD 58.63 (+1.24%)<\/p>\n<p> <b>Brent:<\/b> USD 68.69 (+1.37%)<\/p>\n<p><b>Natural Gas<\/b> (Nymex, futures prices) USD 2.60 MMBtu, (+0.78%, June 2019 contract)<\/p>\n<p> <b>Gold:<\/b> USD 1,289.20 \/ troy ounce (-0.14%)<\/p>\n<p><b>TASI:<\/b> 8,531.16 (-1.44%) (YTD: +9.00%)<\/p>\n<p> <b>ADX:<\/b> 4,777.32 (+0.58%) (YTD: -2.80%)<\/p>\n<p> <b>DFM:<\/b> 2,589.68 (+0.21%) (YTD: +2.37%)<\/p>\n<p> <b>KSE Premier Market:<\/b> 6,023.25 (-0.66%)<\/p>\n<p> <b>QE:<\/b> 9,730.52 (-0.28%) (YTD: -5.52%)<\/p>\n<p> <b>MSM:<\/b> 3,875.89 (+0.37%) (YTD: -10.36%)<\/p>\n<p> <b>BB: <\/b>1,408.49 (-0.17%) (YTD: +5.33%)<\/p><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-market-yesterday\/\">The Market Yesterday<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"598455\" 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\/26\/598455\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-598455\" class=\"content-area-description single-story post-598455 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>27-28 May (Monday-Tuesday): UK International Trade Secretary Liam Fox <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/3\/12\/331747\/Business\/Economy\/UK-int%E2%80%99l-trade-secretary-to-visit-Egypt-late-May.aspx\">will visit Egypt<\/a> for meetings with senior officials on boosting bilateral trade and investments.<\/p>\n<p>28 May (Tuesday): 30 Saudi stocks join the MSCI Emerging Markets Index at the end of the day\u2019s trading session.<\/p>\n<p>28 May (Tuesday): AmCham AGM and iftar.<\/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>June: The Egyptian Businessmen\u2019s Association <a href=\"https:\/\/www.alborsaanews.com\/2019\/05\/21\/1206311\">will host a delegation<\/a> of 20 Saudi real estate companies to explore investment prospects.<\/p>\n<p>3-5 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>25-26 June (Tuesday-Wednesday): <a href=\"https:\/\/www.thenational.ae\/world\/mena\/bahrain-and-us-to-host-economic-peace-conference-for-palestine-in-june-1.863618\">Palestine economic conference<\/a>, Manama, Bahrain.<\/p>\n<p>25-26 June (Tuesday-Wednesday): <a href=\"https:\/\/www.opec.org\/opec_web\/en\/311.htm\">OPEC conference, OPEC and non-OPEC ministerial meeting<\/a>, Vienna, Austria.<\/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>November: Suez Canal Conference for Investment, organized in cooperation with the <a href=\"https:\/\/www.youm7.com\/story\/2019\/5\/21\/%D8%B3%D9%81%D9%8A%D8%B1-%D8%A7%D9%84%D8%A7%D8%AA%D8%AD%D8%A7%D8%AF-%D8%A7%D9%84%D8%A3%D9%88%D8%B1%D9%88%D8%A8%D9%89-%D9%86%D9%86%D8%B8%D9%85-%D9%85%D8%B9-%D9%85%D8%B5%D8%B1-%D9%85%D8%A4%D8%AA%D9%85%D8%B1-%D9%82%D9%86%D8%A7%D8%A9-%D8%A7%D9%84%D8%B3%D9%88%D9%8A%D8%B3-%D9%84%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1\/4251626\">European Union<\/a><\/p>\n<p>December: Egypt <a href=\"https:\/\/www.almalnews.com\/Story\/402348\/14\/-%D9%85%D8%B5%D8%B1-%D8%AA%D8%B3%D8%AA%D8%B6%D9%8A%D9%81-%D9%85%D8%B9%D8%B1%D8%B6--%D8%A8%D8%A7%D9%83-%D8%A8%D8%B1%D9%88%D8%B3%D9%8A%D8%B3--%D8%A7%D9%84%D8%B9%D8%A7%D9%85-%D8%A7%D9%84%D9%85%D9%82%D8%A8%D9%84-\">will host for the first time<\/a> the Pack Process trade expo for the Middle East and African region.<\/p>\n<p>3-6 December (Tuesday-Friday): <a href=\"http:\/\/www.cairowoodshow.com\/\">Cairo WoodShow<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>9-11 December (Monday-Wednesday): <a href=\"http:\/\/www.pacprocess-mea.com\/\">Pacprocess Middle East Africa<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>9-11 December (Monday-Wednesday): <a href=\"http:\/\/www.foodafrica-expo.com\/\">Food Africa 2019 Expo<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>10-11 December (Tuesday-Wednesday): US Federal Open Market Committee will hold its two-day policy meeting to review the interest rate.<\/p>\n<p>26 December (Thursday): Central Bank of Egypt\u2019s monetary policy committee will meet to review interest rates.<\/p>\n<p>9-12 January 2020 (Tuesday-Sunday): <a href=\"http:\/\/www.plastex-online.com\/\">PLASTEX<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>25 January 2020 (Saturday): 25 January revolution anniversary \/ Police Day, national holiday.<\/p>\n<p>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\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":598420,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-598419","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"15824260-8f31-422b-85c8-90256de21db1","teaser":"","photo_url":"https:\/\/ent.news\/2016\/8\/1246.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\/ 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