{"id":598860,"date":"2019-06-11T04:00:21","date_gmt":"2019-06-11T04:00:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=598860"},"modified":"2025-12-16T20:41:57","modified_gmt":"2025-12-16T20:41:57","slug":"business-activity-contracts-in-may-as-inflation-rises-unexpectedly","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/business-activity-contracts-in-may-as-inflation-rises-unexpectedly\/","title":{"rendered":"Business activity contracts in May as inflation rises unexpectedly"},"content":{"rendered":"<section id=\"598862\" 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=\"598862\">\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\/06\/11\/what-were-tracking-on-11-june-2019\/\">\r\n                            What we\u2019re tracking on 11 June 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\/06\/11\/what-were-tracking-on-11-june-2019\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2019\/06\/11\/what-were-tracking-on-11-june-2019\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2019\/06\/11\/what-were-tracking-on-11-june-2019\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=What we\u2019re tracking on 11 June 2019&url=https:\/\/enterpriseam.com\/egypt\/2019\/06\/11\/what-were-tracking-on-11-june-2019\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2019\/06\/11\/what-were-tracking-on-11-june-2019\/&title=What we\u2019re tracking on 11 June 2019\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=What+we%E2%80%99re+tracking+on+11+June+2019+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F06%2F11%2Fwhat-were-tracking-on-11-june-2019%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/11\/what-were-tracking-on-11-june-2019\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-598862\" class=\"content-area-description single-story post-598862 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-budget-watch tag-enterpriseam tag-house-of-representatives tag-inflation tag-pmi tag-politics tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_27645\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\">\n<p class=\"f-graphik\" style=\"font-size:14px\">Together with<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27482.svg\" alt=\"\" class=\"wp-image-27482\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><b>We hate to open on a down note, but yesterday wasn\u2019t a great day for macro indicators:<\/b> Both the purchasing managers\u2019 index and inflation data for May rolled back progress seen in April, with non-oil business activity slipping back into contraction territory and inflation spiking to 14.1% from 13% the month before. Analysts say that the increase was more than expected, and is already driving speculation that any potential interest rate cut will be pushed back, particularly as we await the inflationary effects of the fuel subsidy cuts due to take place next month. We have chapter and verse in this morning\u2019s Speed Round below.<\/p><p><b>Meanwhile, the budget debate continues in the House of Representatives <\/b>today as MPs work toward bringing in a finished document in time for the start of the new fiscal year on 1 July. <b>And if they miss the mark? <\/b>There\u2019s no US-style government shutdown here, folks \u2014 the current budget rolls forward and becomes the 2019-2020 budget until the new document is approved by the House and signed-off by President Abdel Fattah El Sisi.<\/p><hr class=\"grey-line\"><p><b>On with the day\u2019s proceedings:<\/b> Energy will be the subject of a number of meetings and conferences today, including the <a href=\"http:\/\/www.ome.org\/\">Observatoire M\u00e9diterran\u00e9en de l'Energie<\/a> (OME) in Paris, at which Oil Minister Tarek El Molla will deliver a keynote address, according to a ministry statement <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=10062019&amp;id=ffb7107a-df4a-4d98-9677-6fdce1f05a57\">picked up by Ahram Gate<\/a>. Then there\u2019s <a href=\"http:\/\/www.szwgroup.com\/offshore-mena-congress-2019\/\">Offshore Congress MENA<\/a>, taking place at the InterContinental Semiramis today and tomorrow.<\/p><p><b>Also this week is the <\/b><a href=\"http:\/\/english.ahram.org.eg\/News\/335754.aspx\"><b>African Anti-Corruption Forum<\/b><\/a><b> (AACF)<\/b>, which will be held in Sharm El Sheikh on Wednesday and Thursday.<\/p><p><b>Lots more is happening before summer break:<\/b> Among the events you may want to mark on your calendars:<\/p><ul>\n<li>Our friends at Pharos are holding their <a href=\"https:\/\/ent.news\/2019\/6\/617.pdf\">annual investor conference (pdf)<\/a> in Hurghada this month from 19-20 June;<\/li>\n<li>President Abdel Fattah El Sisi is expected to attend <a href=\"https:\/\/cca.eventbank.com\/event\/u-s-africa-business-summit-2019-11813\/\">US-Africa Business summit<\/a>in Mozambique, which runs from 18-21 June;<\/li>\n<li>Middle East &amp; Africa Rail Show will take place at the Egypt International Exhibition Center, Nasr City on 16-18 June;<\/li>\n<li><a href=\"https:\/\/www.terrapinn.com\/exhibition\/seamless-north-africa\/index.stm\">Seamless North Africa<\/a> will be held at the Nile Ritz-Carlton on 17-18 June;<\/li>\n<li><a href=\"http:\/\/platforms-root-technologies.com\/ctw\/\">Cairo Technology Week<\/a> is running next week at the Hilton Heliopolis on 17-19 June.<\/li>\n<\/ul><p class=\"web-image\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-06-09\/emerging-markets-caught-between-rate-cut-euphoria-and-trade-woes\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/6\/2060.jpg?ssl=1\"><\/a><\/p><p><b>Emerging markets appear to be getting a reprieve from the recent trade-induced downslide:<\/b> EM equities <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-06-09\/most-mideast-markets-rise-as-traders-return-to-desks-inside-em\">have posted<\/a> their second consecutive week of gains, while EM debt has entered its longest winning streak since January 2018, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-06-09\/emerging-markets-caught-between-rate-cut-euphoria-and-trade-woes\">according to Bloomberg<\/a>.<\/p><p><b>Middle East shares are also looking up:<\/b> Most exchanges in the region have rebounded since the Eid break. Both the EGX and the Tadawul closed yesterday up 1.7%.<\/p><p><b>This is good news, right?<\/b> Although a reduction in equity-market volatility is obviously welcome, this is being driven by hopes that the US Federal Reserve will soon move to cut rates. To be clear, the Fed will only return to easing unless it believes that an economic downturn is a serious possibility. The Fed committee that sets interest rates next meets 18-19 June.<\/p><p class=\"web-image\"><a href=\"https:\/\/www.ft.com\/content\/533db1f4-8779-11e9-a028-86cea8523dc2\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/6\/2881.jpg?ssl=1\"><\/a><\/p><p><b>We\u2019re not the only ones who like to grumble. <\/b>A number of private-sector companies in Saudi Arabia are griping at the negative impact of de facto Saudi ruler Mohamed Bin Salman\u2019s reforms, <a href=\"https:\/\/www.ft.com\/content\/533db1f4-8779-11e9-a028-86cea8523dc2\">according to the FT.<\/a> \u201cThere are about 7,000 industrial firms in Saudi Arabia and many of them are losing money or barely making money,\u201d says a foreign executive. The real estate sector appears to be also feeling the heat from \u201cSaudification\u201d \u2014 the process of weeding out foreign workers from sectors. That, coupled events including the murder of the columnist Kamal Khashoggi and the extended stay packages offered to select wealthy guests at the Ritz Carlton, has left the private sector and foreign investors waiting in the sidelines of an ambitious reform program that depends on them, the salmon-colored paper says.<\/p><p><b>\u201cWhere\u2019s my money?\u201d said everybody to Abraaj:<\/b> The now-defunct private equity firm still hasn\u2019t paid many of its foreign workers their end-of-service benefits, <a href=\"https:\/\/www.wsj.com\/articles\/abraaj-collapse-highlights-u-a-e-s-foreign-worker-pension-plight-11560078001\">sources tell the WSJ<\/a>. The company has reportedly only paid out a quarter of what it owes to its foreign workers, while some employees who worked for more than 10 years at the firm are yet to receive any payment.<\/p><p><b>A \u201cminiature time bomb\u201d in Gulf human resources regulations?<\/b> Abraaj\u2019s situation points to a wider regulatory problem in the Gulf, where companies are not required to set aside cash to cover end-of-service benefits. A 2018 report by Willis Towers Watson estimated that almost 90% of companies in the Gulf have no plans in place to fund the payments, leading one analyst to describe the situation as a \u201cminiature time bomb,\u201d the FT reports.<\/p><p><b>UAE is the first country to approve Uber-Careem merger:<\/b> March\u2019s mega-merger of the MENA ride-hailing superpowers finally got the green light from UAE regulators yesterday, <a href=\"https:\/\/www.menabytes.com\/uae-approves-uber-careem-deal\/\">MENABytes reports<\/a>. So far as we know, <b>the Egyptian Competition Authority still objects <\/b>to the tie-up.<\/p><hr class=\"grey-line\"><p><b>International headlines<\/b> worth a moment of your time this morning:<\/p><ul>\n<li><b>One step closer to impeachment?<\/b> Special counsel Robert Mueller has agreed to pass key evidence to Congress that could reveal whether President Donald Trump attempted to obstruct justice during the Russia investigation. (<a href=\"https:\/\/www.nytimes.com\/2019\/06\/10\/us\/politics\/mueller-judiciary-committee.html\">New York Times<\/a>)<\/li>\n<li><b>This trade war just got personal:<\/b> Trump has threatened to immediately impose new tariffs on Chinese imports if President Xi Jinping doesn\u2019t personally meet him at the upcoming G20 conference in Japan. (<b><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-06-10\/trump-says-he-ll-raise-tariffs-on-china-again-if-xi-skips-g20?srnd=premium\">Bloomberg<\/a><\/b>)<\/li>\n<\/ul><p><b>WEATHER PSA:<\/b> Our favorite weather app tells us that it will be overcast in the capital today, with daytime highs reaching 38\u00baC and lows of 23\u00baC. Expect more sun tomorrow, with temperatures dipping slightly to 22-35\u00baC.<\/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\/budget-watch\/\">budget watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/house-of-representatives\/\">House of Representatives<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/inflation\/\">inflation<\/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\/politics\/\">politics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-today\/\">What We&#039;re Tracking Today<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"598863\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 .stk-block-carousel__button svg.ugb-custom-icon :is(g, path, rect, polygon, ellipse){fill:#FFFFFF !important;}<\/style>\r\n                <div class=\"stk-block-carousel__content-wrapper\">\r\n                <div class=\"stk-row stk-inner-blocks stk-block-content stk-block-carousel__slider-wrapper stk-content-align stk-a38cfb2-column alignwide\">\r\n                <div class=\"stk-block-carousel__slider\" role=\"list\" data-autoplay=\"4000\" data-label-slide-of=\"Slide %%d of %%d\">\r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-46c5f99\" data-v=\"4\" data-block-id=\"46c5f99\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-46c5f99-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-46c5f99-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240922.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.hsbc.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27489.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Opening up a world of opportunity<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-6yfb93e\" data-v=\"4\" data-block-id=\"6yfb93e\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-6yfb93e-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-6yfb93e-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240923.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/efghldg.com\/en\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27488.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Realize More<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-0688ttw\" data-v=\"4\" data-block-id=\"0688ttw\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-0688ttw-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-0688ttw-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240924.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.sodic.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27487.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Live More<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-hnx37jr\" data-v=\"4\" data-block-id=\"hnx37jr\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-hnx37jr-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-hnx37jr-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240925.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/weareinfinity.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/27483.png?fit=300%2C300&#038;ssl=1\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Powering with nature<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-k6d47lq\" data-v=\"4\" data-block-id=\"k6d47lq\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-k6d47lq-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-k6d47lq-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240926.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.qalaaholdings.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/110691.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Driving growth<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-left\" class=\"svg-inline--fa fa-chevron-left\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M34.52 239.03L228.87 44.69c9.37-9.37 24.57-9.37 33.94 0l22.67 22.67c9.36 9.36 9.37 24.52.04 33.9L131.49 256l154.02 154.75c9.34 9.38 9.32 24.54-.04 33.9l-22.67 22.67c-9.37 9.37-24.57 9.37-33.94 0L34.52 272.97c-9.37-9.37-9.37-24.57 0-33.94z\"><\/path><\/svg><\/button><button class=\"stk-block-carousel__button stk-block-carousel__button__next\" aria-label=\"Next slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-right\" class=\"svg-inline--fa fa-chevron-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M285.476 272.971L91.132 467.314c-9.373 9.373-24.569 9.373-33.941 0l-22.667-22.667c-9.357-9.357-9.375-24.522-.04-33.901L188.505 256 34.484 101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg><\/button><\/div><\/div><div class=\"stk-block-carousel__dots\" role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"598864\" 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=\"598864\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/11\/the-egp-run-afcon-arab-tourism-occupy-egypts-talking-heads\/\">\r\n                            The EGP run, AFCON, Arab tourism occupy Egypt\u2019s talking heads                        <\/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\/06\/11\/the-egp-run-afcon-arab-tourism-occupy-egypts-talking-heads\/\" 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\/06\/11\/the-egp-run-afcon-arab-tourism-occupy-egypts-talking-heads\/')\">\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\/06\/11\/the-egp-run-afcon-arab-tourism-occupy-egypts-talking-heads\/\">\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 EGP run, AFCON, Arab tourism occupy Egypt\u2019s talking heads&url=https:\/\/enterpriseam.com\/egypt\/2019\/06\/11\/the-egp-run-afcon-arab-tourism-occupy-egypts-talking-heads\/\">\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\/06\/11\/the-egp-run-afcon-arab-tourism-occupy-egypts-talking-heads\/&title=The EGP run, AFCON, Arab tourism occupy Egypt\u2019s talking heads\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=The+EGP+run%2C+AFCON%2C+Arab+tourism+occupy+Egypt%E2%80%99s+talking+heads+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F06%2F11%2Fthe-egp-run-afcon-arab-tourism-occupy-egypts-talking-heads%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\/06\/11\/the-egp-run-afcon-arab-tourism-occupy-egypts-talking-heads\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-598864\" class=\"content-area-description single-story post-598864 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-enterprise-last-nights-talk-shows tag-enterpriseam tag-sports tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>The news that the EGP is currently the world\u2019s second-best performing currency against the greenback this year<\/b> got some airtime on Al Hayah Al Youm (<a href=\"https:\/\/www.youtube.com\/watch?v=HlbSm0mIVMU\">watch, runtime: 1:21<\/a>). The EGP has gained some 7% against the USD so far in 2019. We have a deeper look at the story in this morning\u2019s Speed Round, below.<\/p>\n<p>Lobna Assal also noted on Al Hayah Al Youm thatFitch Group\u2019s <b>Fitch Learning has announced it\u2019s launching a first-of-its-kind international academy in Egypt<\/b> to train credit and risk financial professionals.<\/p>\n<p><b>AFCON preparations: <\/b>Masaa DMC\u2019s Eman El Hosary highlighted President Abdel Fattah El Sisi\u2019s meeting with senior government officials to discuss preparations for the African Cup of Nations which will kick off on 21 June. El Sisi directed his administration to make available all necessary resources to ensure the tournament is a success (<a href=\"https:\/\/www.youtube.com\/watch?v=Gm8De6b_CXc\">watch, runtime: 1:11<\/a>).<\/p>\n<p><b>We\u2019ve sorely missed El Hekaya\u2019s Amr Adib since the Ramadan talk show hiatus began five weeks ago:<\/b> El Adib showed some love to Arab tourists, lauding a recent statistic from the interweb that suggests Egypt was the most popular Eid destination for Emiratis (<a href=\"https:\/\/www.youtube.com\/watch?v=F2E0DeOD1h4\">watch, runtime: 1:39<\/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\/enterprise-last-nights-talk-shows\/\">Enterprise+: Last Night\u2019s Talk Shows<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sports\/\">sports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"598865\" 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=\"598865\">\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\/06\/11\/annual-inflation-increases-to-14-1-in-may\/\">\r\n                            Annual inflation increases to 14.1% in May                        <\/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\/06\/11\/annual-inflation-increases-to-14-1-in-may\/\" 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\/06\/11\/annual-inflation-increases-to-14-1-in-may\/')\">\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\/06\/11\/annual-inflation-increases-to-14-1-in-may\/\">\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=Annual inflation increases to 14.1% in May&url=https:\/\/enterpriseam.com\/egypt\/2019\/06\/11\/annual-inflation-increases-to-14-1-in-may\/\">\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\/06\/11\/annual-inflation-increases-to-14-1-in-may\/&title=Annual inflation increases to 14.1% in May\">\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=Annual+inflation+increases+to+14.1%25+in+May+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F06%2F11%2Fannual-inflation-increases-to-14-1-in-may%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\/06\/11\/annual-inflation-increases-to-14-1-in-may\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/6\/1946.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"598866\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/11\/annual-inflation-increases-to-14-1-in-may\/1946-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/6\/1946.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1946.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/6\/1946.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/6\/1946.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-598865\" class=\"content-area-description single-story post-598865 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round tag-enterpriseam tag-inflation tag-monetary-policy tag-speed-round 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-01\"><\/a><b> Inflation accelerates in May: <\/b>Egypt\u2019s annual headline inflation rose to 14.1% in May from 13% in April, the <a href=\"https:\/\/ent.news\/2019\/6\/952.pdf\">CBE said in a statement on Monday (pdf)<\/a>. A 15.1% increase in food and nonalcoholic beverages prices, up from a 13% increase the previous month, contributed to the jump, <a href=\"https:\/\/www.capmas.gov.eg\/Pages\/ShowHmeNewsPDF.aspx?page_id=\/Admin\/News\/PressRelease\/201961075510_5-2019.pdf&Type=News\">CAPMAS said<\/a>. Month-on-month inflation was at 1.1% in May, up from 0.5% the previous month, the statistics agency said, while annual core inflation came at 7.8%, down from 8.1 percent in April. The story was also picked up in the foreign press: <a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL8N23H1F1\">Reuters<\/a> | <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-06-10\/egypt-annual-inflation-picks-up-steam-ahead-of-fuel-subsidy-cuts\">Bloomberg<\/a>.<\/p>\n<p><b>The latest figures came as a surprise to analysts:<\/b> \u201cInflation in May came slightly above our expectations of 12.8% y-o-y and 0.5% m-o-m, which was based on the surprisingly low April inflation,\u201d Pharos said in a research note.<\/p>\n<p><b>Don\u2019t expect a rate cut anytime soon: <\/b>The higher-than-expected inflation means that the CBE will likely delay cutting key interest rates, Capital Economics said in a note<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-06-10\/egypt-annual-inflation-picks-up-steam-ahead-of-fuel-subsidy-cuts\">.<\/a> \u201cPolicy makers will also want to await more details on upcoming subsidy cuts and assess the impact that they will have on inflation,\u201d Jason Tuvey, senior EM economist, said. The CBE kept its overnight deposit and lending rates on hold <a href=\"https:\/\/enterprise.press\/stories\/2019\/05\/26\/egypts-central-bank-keeps-interest-rates-on-hold\/\">last month<\/a> and is expected hold back from any easing until 4Q2019 at the earliest.<\/p>\n<p><b>Expect inflation to continue on its upward trajectory this month<\/b> as the government slashes subsidies. \u201cGoing forward, we expect annual inflation to hover around 14% during the summer as the period between June \u2013 August 2019 will witness anticipated fiscal consolidation measures as well as a historically high inflation season,\u201d Pharos said.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/inflation\/\">inflation<\/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=\"598885\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"598886\" 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=\"598886\">\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\/06\/11\/etfs-a-magnet-for-em-investors-but-not-all-markets-are-equal\/\">\r\n                            ETFs a magnet for EM investors \u2014 but not all markets are equal                        <\/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\/06\/11\/etfs-a-magnet-for-em-investors-but-not-all-markets-are-equal\/\" 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\/06\/11\/etfs-a-magnet-for-em-investors-but-not-all-markets-are-equal\/')\">\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\/06\/11\/etfs-a-magnet-for-em-investors-but-not-all-markets-are-equal\/\">\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=ETFs a magnet for EM investors \u2014 but not all markets are equal&url=https:\/\/enterpriseam.com\/egypt\/2019\/06\/11\/etfs-a-magnet-for-em-investors-but-not-all-markets-are-equal\/\">\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\/06\/11\/etfs-a-magnet-for-em-investors-but-not-all-markets-are-equal\/&title=ETFs a magnet for EM investors \u2014 but not all markets are equal\">\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=ETFs+a+magnet+for+EM+investors+%E2%80%94+but+not+all+markets+are+equal+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F06%2F11%2Fetfs-a-magnet-for-em-investors-but-not-all-markets-are-equal%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\/06\/11\/etfs-a-magnet-for-em-investors-but-not-all-markets-are-equal\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/6\/1232.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"598887\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/11\/etfs-a-magnet-for-em-investors-but-not-all-markets-are-equal\/1232-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/6\/1232.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1232.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/6\/1232.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/6\/1232.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-598886\" class=\"content-area-description single-story post-598886 post type-post status-publish format-standard has-post-thumbnail hentry category-the-macro-picture tag-china tag-emerging-markets tag-enterpriseam tag-etfs tag-india tag-investment-watch tag-the-macro-picture wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>EM ETFs attract USD 84 bn in inflows in 16 months \u2014 but not all markets are equal:<\/b> ETFs that specialize in emerging markets drew some USD 84 bn in the 16 months leading up to mid-April. But statistics from financial data provider <a href=\"https:\/\/www.epfrglobal.com\/\">EPFR<\/a> show that 80% of inflows went to the stocks of companies in only five countries: China, South Korea, India, Brazil and Taiwan. This trend shows that EM investors are consciously \u201cpicking sides,\u201d rather than adopting a broadly diversified approach to fund acquisition, <a href=\"https:\/\/www.wsj.com\/articles\/where-emerging-markets-investments-are-going-11560132180?mod=searchresults&page=1&pos=4\">The Wall Street Journal<\/a> says.<\/p>\n<p><b>China and India are attracting the lion\u2019s share of passive inflows:<\/b> Both India and China\u2019s shares of ETF money exceed their current weightings in the MSCI Emerging Markets Index, with India accounting for 11% of ETF inflows (despite having an MSCI index weighting of 9.5%) and China hoovering up a whopping 41% of inflows (despite a weighting of 31%). Investment in these high-growth economies makes sense, say analysts, but a few factors have enhanced China\u2019s appeal. 2018\u2019s relatively slow GDP growth and the prospect of a trade war with the US led to stocks on the <a href=\"https:\/\/www.investopedia.com\/terms\/s\/sse-composite.asp\">Shanghai Composite Index<\/a> falling 30%. This was then followed in early 2019 by initial optimism around US-China trade talks, government stimulus and the prospect of an economic overhaul to kickstart the Chinese economy, all of which served as a \u201cmagnet\u201d to investors.<\/p>\n<p><b>Several strong markets have been overlooked:<\/b> The WSJ piece lists several EMs that have been given a wide berth by investors despite being strong economies. Vietnam, for instance, attracted only 0.6% of ETF money in the 16-month period despite its high-growth economy.<\/p>\n<p><b>This is the EM beyond BRICs effect we were talking about yesterday.<\/b> <a href=\"https:\/\/enterprise.press\/stories\/2019\/06\/10\/the-thin-grey-line-between-frontier-markets-and-emerging-markets\/\">As we noted in yesterday\u2019s Macro Picture<\/a>, the competition for inflows between non-BRICs emerging markets and frontier markets are intensifying, particularly during periods of EM instability. This results in some of the stronger emerging markets struggling to attract foreign capital.<\/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\/etfs\/\">ETFs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/india\/\">India<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-macro-picture\/\">THE MACRO PICTURE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"598888\" 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=\"598888\">\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\/06\/11\/egypt-in-the-news-on-12-june-2019\/\">\r\n                            Egypt in the News on 12 June 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\/06\/11\/egypt-in-the-news-on-12-june-2019\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2019\/06\/11\/egypt-in-the-news-on-12-june-2019\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2019\/06\/11\/egypt-in-the-news-on-12-june-2019\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt in the News on 12 June 2019.&url=https:\/\/enterpriseam.com\/egypt\/2019\/06\/11\/egypt-in-the-news-on-12-june-2019\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2019\/06\/11\/egypt-in-the-news-on-12-june-2019\/&title=Egypt in the News on 12 June 2019.\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+in+the+News+on+12+June+2019.+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F06%2F11%2Fegypt-in-the-news-on-12-june-2019%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/11\/egypt-in-the-news-on-12-june-2019\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-598888\" class=\"content-area-description single-story post-598888 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-algeria tag-ancient-egypt tag-archaeology tag-bassem-youssef tag-egypt-in-the-news tag-enterpriseam tag-history tag-sudan tag-tutankhamun wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>The sole story featured in the foreign press yesterday is gaining traction this morning:<\/b> <a href=\"https:\/\/www.theguardian.com\/world\/2019\/jun\/10\/egypt-tries-to-stop-sale-tutankhamun-statue-london\">The Guardian<\/a> and <a href=\"https:\/\/www.independent.co.uk\/news\/world\/middle-east\/egypt-christies-auction-king-tutankhamun-statue-looted-sale-london-a8952576.html\">The Independent<\/a> have picked up on Egypt\u2019s efforts to prevent the auction of a 3,000 year-old quartzite bust of Tutankhamun, which experts believe was stolen from Karnak Temple.<\/p>\n<p>Other headlines worth a moment of your time:<\/p>\n<ul>\n<li>Formerly Egypt\u2019s comedy superstar, <b>Bassem Youssef discusses the limitations of satire and his new life in the US,<\/b> in an interview with the <a href=\"https:\/\/www.ft.com\/content\/5fdee46a-884a-11e9-b861-54ee436f9768\">Financial Times<\/a>. <\/li>\n<li>As the <b>foreign press continues to draw parallels between Egypt in 2011 and Sudan and Algeria today,<\/b> <a href=\"https:\/\/www.foreignaffairs.com\/articles\/sudan\/2019-06-10\/what-algeria-and-sudan-can-learn-egypt\">Killian Clarke in Foreign Affairs<\/a> urges Sudanese and Algerian protesters to learn lessons from Egypt \u201cto help keep their own transitions on track\u201d.<\/li>\n<li><b>The newly-released short story collection <\/b><a href=\"https:\/\/commapress.co.uk\/books\/the-book-of-cairo\"><b>The Book Of Cairo<\/b><\/a> captures the mixture of humor, disconnection, and \u201chidden lives\u201d that coexist in our city, <a href=\"https:\/\/www.thenational.ae\/arts-culture\/books\/the-book-of-cairo-sheds-light-on-life-and-laughter-in-the-egyptian-city-through-short-stories-1.872440\">The National<\/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\/algeria\/\">Algeria<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ancient-egypt\/\">Ancient Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/archaeology\/\">archaeology<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/bassem-youssef\/\">bassem youssef<\/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\/history\/\">History<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tutankhamun\/\">Tutankhamun<\/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=\"598889\" 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=\"598889\">\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\/06\/11\/egypts-afcon-preparations-top-state-owned-dailies\/\">\r\n                            Egypt\u2019s AFCON preparations top state-owned dailies                        <\/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\/06\/11\/egypts-afcon-preparations-top-state-owned-dailies\/\" 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\/06\/11\/egypts-afcon-preparations-top-state-owned-dailies\/')\">\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\/06\/11\/egypts-afcon-preparations-top-state-owned-dailies\/\">\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 AFCON preparations top state-owned dailies&url=https:\/\/enterpriseam.com\/egypt\/2019\/06\/11\/egypts-afcon-preparations-top-state-owned-dailies\/\">\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\/06\/11\/egypts-afcon-preparations-top-state-owned-dailies\/&title=Egypt\u2019s AFCON preparations top state-owned dailies\">\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+AFCON+preparations+top+state-owned+dailies+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F06%2F11%2Fegypts-afcon-preparations-top-state-owned-dailies%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\/06\/11\/egypts-afcon-preparations-top-state-owned-dailies\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-598889\" class=\"content-area-description single-story post-598889 post type-post status-publish format-standard hentry category-on-the-front-pages tag-enterpriseam tag-on-the-front-pages tag-sports wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>Egypt\u2019s AFCON preparations top front pages:<\/b> President Abdel Fattah El Sisi\u2019s meeting with Prime Minister Moustafa Madbouly and other senior officials to discuss preparations for the upcoming African Cup of Nations topped the front pages of all three government dailies this morning (<a href=\"http:\/\/www.ahram.org.eg\/News\/203043\/25\/714449\/%D8%A7%D9%84%D8%A3%D9%88%D9%84%D9%89\/%D8%A7%D9%84%D8%B3%D9%8A%D8%B3%D9%89-%D8%AA%D9%88%D9%81%D9%8A%D8%B1-%D8%AC%D9%85%D9%8A%D8%B9-%D8%A7%D9%84%D8%A5%D9%85%D9%83%D8%A7%D9%86%D8%A7%D8%AA-%D9%84%D8%A5%D9%86%D8%AC%D8%A7%D8%AD-%D8%A8%D8%B7%D9%88%D9%84%D8%A9-%D8%A7%D9%84%D8%A3%D9%85%D9%85-%D8%A7%D9%84%D8%A5.aspx\">Al Ahram<\/a> | <a href=\"https:\/\/www.pressreader.com\/egypt\/al-akhbar\">Al Akhbar<\/a> | <a href=\"http:\/\/www.algomhuria.net.eg\/algomhuria\/today\/pdf-big\/\">Al Gomhuria<\/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\/on-the-front-pages\/\">On The Front Pages<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"598890\" 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=\"598890\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/11\/siemens-signs-eetc-to-supply-egypts-first-digital-power-transformer\/\">\r\n                            Siemens signs EETC to supply Egypt\u2019s first digital power transformer                        <\/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\/06\/11\/siemens-signs-eetc-to-supply-egypts-first-digital-power-transformer\/\" 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\/06\/11\/siemens-signs-eetc-to-supply-egypts-first-digital-power-transformer\/')\">\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\/06\/11\/siemens-signs-eetc-to-supply-egypts-first-digital-power-transformer\/\">\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=Siemens signs EETC to supply Egypt\u2019s first digital power transformer&url=https:\/\/enterpriseam.com\/egypt\/2019\/06\/11\/siemens-signs-eetc-to-supply-egypts-first-digital-power-transformer\/\">\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\/06\/11\/siemens-signs-eetc-to-supply-egypts-first-digital-power-transformer\/&title=Siemens signs EETC to supply Egypt\u2019s first digital power transformer\">\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=Siemens+signs+EETC+to+supply+Egypt%E2%80%99s+first+digital+power+transformer+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F06%2F11%2Fsiemens-signs-eetc-to-supply-egypts-first-digital-power-transformer%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\/06\/11\/siemens-signs-eetc-to-supply-egypts-first-digital-power-transformer\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-598890\" class=\"content-area-description single-story post-598890 post type-post status-publish format-standard hentry category-energy tag-digitization tag-eetc tag-energy tag-enterpriseam tag-siemens wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Siemens has signed an agreement with the Egyptian Electricity Transmission Company (EETC) to supply Egypt with its first digital power transformer \u2014 the Siemens Sensformer \u2014 <a href=\"https:\/\/www.zawya.com\/mena\/en\/press-releases\/story\/Siemens_to_support_digitalization_of_Egypts_energy_transmission_network-ZAWYA20190610073817\/\">Zawya<\/a> reports. Siemens will supply 14 Sensformers by May 2020, a process that will involve engineering and design, building and setting up the power transformers, and site management and maintenance.<\/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\/digitization\/\">digitization<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/eetc\/\">EETC<\/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\/siemens\/\">Siemens<\/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=\"598891\" 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=\"598891\">\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\">Banking + Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/11\/raya-holding-subsidiary-to-increase-credit-portfolio-to-c-egp-500-mn\/\">\r\n                            Raya Holding subsidiary to increase credit portfolio to c.EGP 500 mn                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/11\/raya-holding-subsidiary-to-increase-credit-portfolio-to-c-egp-500-mn\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2019\/06\/11\/raya-holding-subsidiary-to-increase-credit-portfolio-to-c-egp-500-mn\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2019\/06\/11\/raya-holding-subsidiary-to-increase-credit-portfolio-to-c-egp-500-mn\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Raya Holding subsidiary to increase credit portfolio to c.EGP 500 mn&url=https:\/\/enterpriseam.com\/egypt\/2019\/06\/11\/raya-holding-subsidiary-to-increase-credit-portfolio-to-c-egp-500-mn\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2019\/06\/11\/raya-holding-subsidiary-to-increase-credit-portfolio-to-c-egp-500-mn\/&title=Raya Holding subsidiary to increase credit portfolio to c.EGP 500 mn\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Raya+Holding+subsidiary+to+increase+credit+portfolio+to+c.EGP+500+mn+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F06%2F11%2Fraya-holding-subsidiary-to-increase-credit-portfolio-to-c-egp-500-mn%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/11\/raya-holding-subsidiary-to-increase-credit-portfolio-to-c-egp-500-mn\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-598891\" class=\"content-area-description single-story post-598891 post type-post status-publish format-standard hentry category-banking-finance tag-banking tag-banking-finance tag-enterpriseam tag-finance tag-raya-holding wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Raya Holding\u2019s microfinance arm Aman intends to increase its credit portfolio to about EGP 500 mn by the end of 2019, the company said in <a href=\"http:\/\/www.egx.com.eg\/downloads\/News\/%D8%B1%D8%A7%D9%8A%D8%A9%20%D8%A7%D9%84%D9%82%D8%A7%D8%A8%D8%B6%D8%A9%20%D8%A8%D9%8A%D8%A7%D9%86%2010-06-2019.pdf\">an EGX disclosure (pdf)<\/a>. The company aims to use the credit increase to finance SMEs, it added, without providing further details.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking-finance\/\">BANKING + FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/finance\/\">Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/raya-holding\/\">Raya Holding<\/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=\"598892\" 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=\"598892\">\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\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/11\/google-doodle-celebrates-life-of-ahmed-khaled-tawfik\/\">\r\n                            Google Doodle celebrates life of Ahmed Khaled Tawfik                        <\/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\/06\/11\/google-doodle-celebrates-life-of-ahmed-khaled-tawfik\/\" 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\/06\/11\/google-doodle-celebrates-life-of-ahmed-khaled-tawfik\/')\">\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\/06\/11\/google-doodle-celebrates-life-of-ahmed-khaled-tawfik\/\">\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=Google Doodle celebrates life of Ahmed Khaled Tawfik&url=https:\/\/enterpriseam.com\/egypt\/2019\/06\/11\/google-doodle-celebrates-life-of-ahmed-khaled-tawfik\/\">\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\/06\/11\/google-doodle-celebrates-life-of-ahmed-khaled-tawfik\/&title=Google Doodle celebrates life of Ahmed Khaled Tawfik\">\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=Google+Doodle+celebrates+life+of+Ahmed+Khaled+Tawfik+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F06%2F11%2Fgoogle-doodle-celebrates-life-of-ahmed-khaled-tawfik%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\/06\/11\/google-doodle-celebrates-life-of-ahmed-khaled-tawfik\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/6\/364.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"598893\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/11\/google-doodle-celebrates-life-of-ahmed-khaled-tawfik\/364-jpg-18\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/6\/364.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"364.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/6\/364.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/6\/364.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-598892\" class=\"content-area-description single-story post-598892 post type-post status-publish format-standard has-post-thumbnail hentry category-on-your-way-out tag-ahmed-khaled-tawfik tag-enterpriseam tag-google tag-literature tag-netflix wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a><b> Prolific Egyptian science fiction writer Ahmed Khaled Tawfik was celebrated with a Google Doodle yesterday<\/b>, on what would have been his 57th birthday. Tawfik wrote over 500 books before his death in 2018, including the bestselling horror series Ma Waraa Al Tabiaa, which <a href=\"https:\/\/enterprise.press\/stories\/2019\/05\/28\/netflix-to-adapt-ahmed-khaled-tawfiks-paranormal-its-first-original-production-in-egypt\/\">Netflix is adapting as its third Arabic original series<\/a>. Google\u2019s tribute to Tawfik was picked up widely in both the local and <a href=\"https:\/\/www.thenational.ae\/arts-culture\/art\/who-was-ahmed-khaled-towfik-google-doodle-honours-late-egyptian-author-1.872691\">foreign press<\/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\/ahmed-khaled-tawfik\/\">Ahmed Khaled Tawfik<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/google\/\">Google<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/literature\/\">literature<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/netflix\/\">Netflix<\/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=\"598894\" 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=\"598894\">\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\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/11\/the-market-yesterday-366\/\">\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\/06\/11\/the-market-yesterday-366\/\" 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\/06\/11\/the-market-yesterday-366\/')\">\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\/06\/11\/the-market-yesterday-366\/\">\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\/06\/11\/the-market-yesterday-366\/\">\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\/06\/11\/the-market-yesterday-366\/&title=The Market Yesterday\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=The+Market+Yesterday+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F06%2F11%2Fthe-market-yesterday-366%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\/06\/11\/the-market-yesterday-366\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-598894\" class=\"content-area-description single-story post-598894 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 16.69 | Sell 16.79<\/p>\n<p><b>EGP \/ USD at CIB:<\/b> Buy 16.67 | Sell 16.77<\/p>\n<p> <b>EGP \/ USD at NBE: <\/b>Buy 16.71 | Sell 16.81<\/p>\n<p><b>EGX30<\/b> (Monday): 14,149 (+1.7%)<\/p>\n<p> <b>Turnover:<\/b> EGP 932 mn (21% above the 90-day average)<\/p>\n<p> <b>EGX 30 year-to-date<\/b>: +8.5%<\/p>\n<p><b>THE MARKET ON MONDAY:<\/b> The EGX30 ended Monday\u2019s session up 1.7%. CIB, the index heaviest constituent ended up 1.1%. EGX30\u2019s top performing constituents were Oriental Weavers up 6.6%, Madinet Nasr Housing up 5.2%, and Arabia Investments Holding up 4.0%. Yesterday\u2019s worst performing stocks were Juhayna down 1.5% and Sarwa Capital Holding down 1.1%. The market turnover was EGP 932 mn, and foreign investors were the sole net sellers.<\/p>\n<p><b>Foreigners<\/b>: Net Short | EGP -34.3 mn<\/p>\n<p> <b>Regional<\/b>: Net Long | EGP +8.7 mn<\/p>\n<p> <b>Domestic<\/b>: Net Long | EGP +25.6 mn<\/p>\n<p><b>Retail<\/b>: 48.9% of total trades | 48.3% of buyers | 49.4% of sellers<\/p>\n<p> <b>Institutions<\/b>: 51.1% of total trades | 51.7% of buyers | 50.6% of sellers<\/p>\n<p><b>WTI:<\/b> USD 53.33 (+0.13%)<\/p>\n<p> <b>Brent:<\/b> USD 62.29 (-1.58%)<\/p>\n<p><b>Natural Gas<\/b> (Nymex, futures prices) USD 2.36 MMBtu, (+0.25%, Jul 2019 contract)<\/p>\n<p> <b>Gold:<\/b> USD 1,332.90 \/ troy ounce (+0.27%)<\/p>\n<\/p>\n<p><b>TASI:<\/b> 8,849.21 (+1.72%) (YTD: +13.06%)<\/p>\n<p> <b>ADX:<\/b> 4,997.83 (+0.84%) (YTD: +1.68%)<\/p>\n<p> <b>DFM:<\/b> 2,674.77 (+0.90%) (YTD: +5.73%)<\/p>\n<p> <b>KSE Premier Market:<\/b> 6,438.89 (+1.05%)<\/p>\n<p> <b>QE:<\/b> 10,503.55 (+2.02%) (YTD: +1.99%)<\/p>\n<p> <b>MSM:<\/b> 3,973.03 (+0.46%) (YTD: -8.11%)<\/p>\n<p> <b>BB: <\/b>1,451.41 (+0.37%) (YTD: +8.54%)<\/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=\"598895\" 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\/06\/11\/598895\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-598895\" class=\"content-area-description single-story post-598895 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>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: 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>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>12-13 June (Wednesday-Thursday): <a href=\"http:\/\/english.ahram.org.eg\/News\/335754.aspx\">The African Anti-Corruption Forum<\/a> (AACF), Sharm El Sheikh<\/p>\n<p>15 June (Saturday): An administrative court <a href=\"https:\/\/almalnews.com\/%D8%AA%D8%A3%D8%AC%D9%8A%D9%84-%D8%AF%D8%B9%D9%88%D9%89-%D9%88%D9%82%D9%81-%D9%82%D8%B1%D8%A7%D8%B1-%D9%81%D8%B1%D8%B6-%D8%B1%D8%B3%D9%88%D9%85-%D8%B9%D9%84%D9%89-%D8%A7%D9%84%D8%A8%D9%84%D9%8A\/\">will look into<\/a> an appeal by steel manufacturers to cancel the recently-imposed duties on imported steel rebars and pellets.<\/p>\n<p>Mid-June: <a href=\"https:\/\/www.youm7.com\/story\/2019\/6\/10\/%D8%A8%D8%B9%D8%AB%D8%A9-%D8%AA%D8%AC%D8%A7%D8%B1%D9%8A%D8%A9-%D9%85%D8%B5%D8%B1%D9%8A%D8%A9-%D9%84%D8%A7%D8%B3%D8%AA%D9%83%D8%B4%D8%A7%D9%81-%D8%A3%D8%B3%D9%88%D8%A7%D9%82-%D8%A3%D8%B3%D8%AA%D9%88%D9%86%D9%8A%D8%A7-%D9%88%D9%84%D8%A7%D8%AA%D9%81%D9%8A%D8%A7-%D9%88%D8%A7%D9%84%D8%AA%D8%B1%D9%88%D9%8A%D8%AC-%D9%84%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1\/4280151\">A delegation of Egyptian businessmen<\/a> will head to Estonia and Latvia to explore investment prospects in the two eastern European nations.<\/p>\n<p>16 June (Sunday): <a href=\"https:\/\/buildersofegypt.com\/%D8%A7%D9%84%D8%A7%D8%AC%D9%86%D8%AF%D8%A9-2019\/\">Builders of Egypt Conference<\/a>, Al Masah Hotel, 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>18-21 June (Tuesday-Friday): President Abdel Fattah El Sisi to attend <a href=\"https:\/\/cca.eventbank.com\/event\/u-s-africa-business-summit-2019-11813\/\">US-Africa Business summit<\/a> in Mozambique.<\/p>\n<p>18 June (Tuesday): <a href=\"https:\/\/idcciosummit.com\/cairo\/\">IDC CIO Summit<\/a>, Marriott Hotel Zamalek, 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): US-backed conference on the \u2018economic dimension\u2019 of Trump\u2019s Mideast peace plan, 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>28 July-02 August (Sunday-Friday): <a href=\"https:\/\/fab15.fabevent.org\/index.html\">Fab15 Conference and Graduation Ceremony<\/a>, TU Berlin, El Gouna, Egypt.<\/p>\n<p>30-31 July (Tuesday-Wednesday): US Federal Open Market Committee will hold its two-day policy meeting to review the interest rate.<\/p>\n<p>03-04 August (Saturday-Sunday): <a href=\"https:\/\/fab15.fabevent.org\/index.html\">Fab15 Festival, Tours, and Conference Closing<\/a>, GrEEk Campus, Cairo.<\/p>\n<p>7-11 August (Wednesday-Sunday) Eid El Adha (TBC).<\/p>\n<p>22 August (Thursday): Central Bank of Egypt\u2019s monetary policy committee will meet to review interest rates.<\/p>\n<p>29 August (Thursday): Islamic New Year (TBC), national holiday.<\/p>\n<p>September: Cairo will host an Egypt-Hungary business forum, according to a <a href=\"https:\/\/ent.news\/2019\/6\/390.pdf\">Trade Ministry statement (pdf)<\/a><\/p>\n<p>2-4 September (Monday-Wednesday): <a href=\"https:\/\/www.thebig5constructegypt.com\/\">The Big 5 Construct Egypt<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>03-04 September (Tuesday-Wednesday): <a href=\"https:\/\/www.ssonetwork.com\/events-sharedservicesegypt\">Shared Services and Outsourcing Forum Middle East<\/a>, Nile Ritz Carlton, Cairo.<\/p>\n<p>8-11 September (Sunday-Wednesday): <a href=\"https:\/\/www.saharaexpo.com\/en\/home.html\">Sahara Expo<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>9-12 September (Monday-Thursday): The 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>21 September (Saturday): Cairo\u2019s streets get really, really crowded as students at the nation\u2019s public schools go back to class.<\/p>\n<p>26 September (Thursday): Central Bank of Egypt\u2019s monetary policy committee will meet to review interest rates.<\/p>\n<p>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>25 January 2020 (Saturday): Midterm break for public schools and universities. Also known as: Two weeks of good commute.<\/p>\n<p>8 February (Saturday): Midterm break ends. Traffic in Cairo stinks once more.<\/p>\n<p>11-13 February 2020 (Tuesday-Thursday): <a href=\"https:\/\/www.egyps.com\/\">Egypt Petroleum Show<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>25-26 March (Wednesday-Thursday): <a href=\"http:\/\/www.megaprojectsconf.com\/\">Mega Projects Conference<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":598861,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-598860","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"832c92d2-c7a1-4123-9976-094cac9203cf","teaser":"","photo_url":"https:\/\/ent.news\/2016\/8\/241.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Business activity contracts in May as inflation rises unexpectedly - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/issues\/business-activity-contracts-in-may-as-inflation-rises-unexpectedly\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Business activity contracts in May as inflation rises unexpectedly\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/issues\/business-activity-contracts-in-may-as-inflation-rises-unexpectedly\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T20:41:57+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2016\/8\/241.jpg?fit=%2C&ssl=1\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/business-activity-contracts-in-may-as-inflation-rises-unexpectedly\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/issues\/business-activity-contracts-in-may-as-inflation-rises-unexpectedly\/\",\"name\":\"Business activity contracts in May as inflation rises unexpectedly - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/business-activity-contracts-in-may-as-inflation-rises-unexpectedly\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/business-activity-contracts-in-may-as-inflation-rises-unexpectedly\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2016\/8\/241.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2019-06-11T04:00:21+00:00\",\"dateModified\":\"2025-12-16T20:41:57+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/business-activity-contracts-in-may-as-inflation-rises-unexpectedly\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/issues\/business-activity-contracts-in-may-as-inflation-rises-unexpectedly\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/business-activity-contracts-in-may-as-inflation-rises-unexpectedly\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2016\/8\/241.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2016\/8\/241.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/business-activity-contracts-in-may-as-inflation-rises-unexpectedly\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Issues\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/AMarchives\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Business activity contracts in May as inflation rises unexpectedly\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Business activity contracts in May as inflation rises unexpectedly - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/issues\/business-activity-contracts-in-may-as-inflation-rises-unexpectedly\/","og_locale":"en_US","og_type":"article","og_title":"Business activity contracts in May as inflation rises unexpectedly","og_url":"https:\/\/enterpriseam.com\/egypt\/issues\/business-activity-contracts-in-may-as-inflation-rises-unexpectedly\/","og_site_name":"EnterpriseAM Egypt","article_modified_time":"2025-12-16T20:41:57+00:00","twitter_card":"summary_large_image","twitter_image":"https:\/\/i0.wp.com\/ent.news\/2016\/8\/241.jpg?fit=%2C&ssl=1","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/business-activity-contracts-in-may-as-inflation-rises-unexpectedly\/","url":"https:\/\/enterpriseam.com\/egypt\/issues\/business-activity-contracts-in-may-as-inflation-rises-unexpectedly\/","name":"Business activity contracts in May as inflation rises unexpectedly - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/business-activity-contracts-in-may-as-inflation-rises-unexpectedly\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/business-activity-contracts-in-may-as-inflation-rises-unexpectedly\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2016\/8\/241.jpg?fit=%2C&ssl=1","datePublished":"2019-06-11T04:00:21+00:00","dateModified":"2025-12-16T20:41:57+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/business-activity-contracts-in-may-as-inflation-rises-unexpectedly\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/issues\/business-activity-contracts-in-may-as-inflation-rises-unexpectedly\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/business-activity-contracts-in-may-as-inflation-rises-unexpectedly\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2016\/8\/241.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2016\/8\/241.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/business-activity-contracts-in-may-as-inflation-rises-unexpectedly\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Issues","item":"https:\/\/enterpriseam.com\/egypt\/AMarchives\/"},{"@type":"ListItem","position":3,"name":"Business activity contracts in May as inflation rises unexpectedly"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}}]}},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/598860","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/issue"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/598860\/revisions"}],"predecessor-version":[{"id":598905,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/598860\/revisions\/598905"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/598861"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=598860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=598860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=598860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}