{"id":599410,"date":"2019-06-27T04:00:16","date_gmt":"2019-06-27T04:00:16","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=599410"},"modified":"2025-12-16T21:01:14","modified_gmt":"2025-12-16T21:01:14","slug":"market-overhang-cleared-as-gth-tax-saga-comes-to-an-end","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/market-overhang-cleared-as-gth-tax-saga-comes-to-an-end\/","title":{"rendered":"\u201cMarket overhang\u201d cleared as GTH tax saga comes to an end"},"content":{"rendered":"<section id=\"599412\" 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=\"599412\">\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\/27\/what-were-tracking-on-27-june-2019\/\">\r\n                            What we\u2019re tracking on 27 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\/27\/what-were-tracking-on-27-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(); 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Banks and the stock exchange will be closed. Enterprise will also be off on Sunday, and we\u2019ll be back in your inbox at the appointed hour on Monday morning.<\/p><p><b>That doesn\u2019t mean the president has the weekend off, though:<\/b> President Abdel Fattah El Sisi left for Japan yesterday to attend this weekend\u2019s <a href=\"https:\/\/g20.org\/en\/\">G20 summit<\/a> in Osaka, Japan, according to <a href=\"https:\/\/web.facebook.com\/Egy.Pres.Spokesman\/posts\/636938866825497?__xts__%5b0%5d=68.ARCnmF7eaaRVkRphzlkaR1uMjdt00cBU0HXh-Tn3udJd3oX4UyIeqmkr0haayF-fHtPhzDR7Boc8sj-w-TE_G88eCimpdUKoXcua5BKJe0ln_HTawzL93Rpkt9yXI-nnoUEdxAXi2j6Ck04V0ISDt8lzvdLPPiZr4HxKBNZDa7A-Xu2qP8LJGGOLEdMTA_A-uTs1vbCSV9LrxIIVzZTlsCib38DOgt2ojtjIKt0mvHu9hETSGV5nazUHYwrxDx4y7peiAKmi4FhuQoIz3-cu2rCG4Ql7knuuvnzj8v49l1rG2v4YdERZIUJtikUDZEFXqMzSgq57cGcxZvCHO1w&amp;__tn__=-R\">an Ittihadiya statement<\/a>. The president will represent all 54 African Union countries at the gathering, which takes place Friday and Saturday. Look for US-China trade to be in the spotlight, with <a href=\"https:\/\/www.theguardian.com\/business\/2019\/jun\/26\/trump-and-xi-trade-talks-loom-large-over-g20-meeting-in-japan\">Donald Trump and Xi Jinping<\/a> due to have a chinwag on the sidelines of the summit.<\/p><p><b>Coming up next week:<\/b> Our friends at AmCham will be hosting Electricity Minister Mohamed Shaker at their monthly luncheon on Tuesday, 2 July. <a href=\"https:\/\/www.amcham.org.eg\/login\/login.asp?ReturnUrl=%2Fcyberlink%2Fevents%2Fregister%2F1214\">You can register for the event here<\/a>.<\/p><hr class=\"grey-line\"><p><b>The Pharaohs secured a place in the 2019 Afcon round of 16 last night<\/b> after they comfortably beat DR Congo 2-0 at the Cairo International Stadium, <a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL8N23X6DK\">Reuters reports<\/a>. Ahmed Elmohamady opened the scoring in the 25th minute before Mo Salah doubled the lead two minutes before halftime.<\/p><hr class=\"grey-line\"><p><b>Abu Dhabi Financial Group and Dubai-listed Shuaa Capital have agreed to merge<\/b>, setting up the creation of an entity with USD 12.8 bn in combined assets under management, <a href=\"https:\/\/www.shuaa.com\/media-centre\/press-releases\/2019\/adfg-and-shuaa-agree-transformational-transaction,-creating-a-regional-financial-services-powerhouse\/\">Shuaa said in a press release<\/a>. The transaction is expected to wrap-up sometime in 3Q. The combined entity will be 42%-owned by Shuaa\u2019s shareholders and 58% by ADFG\u2019s.<\/p><p class=\"web-image\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-06-25\/morgan-stanley-says-it-s-time-to-buy-emerging-market-currencies\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/6\/57.jpg?ssl=1\"><\/a><\/p><p><b>Time to go bullish on emerging-market currencies?<\/b> Morgan Stanley is going full bull on emerging-market currencies as an anticipated return to easing by the world\u2019s major central banks puts pressure on the USD, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-06-25\/morgan-stanley-says-it-s-time-to-buy-emerging-market-currencies\">according to Bloomberg<\/a>. The MSCI EM Currency Index has risen to its highest level since April, as USD bears begin putting money into developing currencies.<\/p><p><b>While we\u2019re on the subject:<\/b> EFG Hermes\u2019 Mohamed Abu Basha <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-06-26\/imf-deal-to-keep-carry-party-going-for-emerging-market-darling\">said yesterday<\/a> that the prospect of a non-financial agreement with IMF bodes well for inflows into Egypt \u2014 which is currently riding high as the world\u2019s most attractive carry trade. We have more on this in this morning\u2019s Macro Picture, below.<\/p><p><b>Want to max out EM returns? Pray for the worst:<\/b> Media frenzies over particularly bad pieces of news more often than not translate to higher returns on EM assets, according to research cited by<a href=\"https:\/\/www.ft.com\/content\/d6f18712-9365-11e9-aea1-2b1d33ac3271\">the Financial Times<\/a>. Why? The brain behind the study, Jan Dehn, head of research at Ashmore, theorizes that the media hyperbole often accompanying bad news causes a wave of irrational selling, thereby creating value.<\/p><p><b>Our Bitcoin goof earlier this week now seems (nearly) prophetic:<\/b> The price of Bitcoin skyrocketed yesterday, hitting fresh 17-month highs of USD 13,485 before dramatically falling back to near USD 12k, <a href=\"https:\/\/www.cnbc.com\/2019\/06\/26\/bitcoin-rallies-15percent-topping-13000.html\">CNBC reports<\/a>. Analysts suggested that Mark Zuckerberg\u2019s <a href=\"https:\/\/enterprise.press\/stories\/2019\/06\/19\/what-were-tracking-on-19-june-2019\/\">new pet crypto project<\/a> has been responsible for the rapid appreciation.<\/p><hr class=\"grey-line\"><p><b>Kuwaiti equities could be upgraded by MSCI to emerging market status in 2020<\/b>,the equity index provider said in <a href=\"https:\/\/ent.news\/2019\/6\/110.pdf\">a statement on Tuesday (pdf)<\/a> after conducting its latest market classification review. If approved, nine Kuwaiti stocks would be included in the MSCI EM Equity Index. MSCI will make its final decision by 31 December. Currently classified as a frontier market, Kuwait accounted for a quarter of the MSCI Frontier Markets Index in early June, <a href=\"https:\/\/www.ft.com\/content\/cf62d83a-97ab-11e9-8cfb-30c211dcd229\">the FT reports<\/a>. The potential shift to EM status is expected to bring an extra USD 2.8 bn in passive investment flows into the Gulf country\u2019s stock market.<\/p><p><b>Need a refresher <\/b>on the key differences between frontier and emerging markets? <a href=\"https:\/\/enterprise.press\/stories\/2019\/06\/10\/the-thin-grey-line-between-frontier-markets-and-emerging-markets\/\">We\u2019ve got you covered<\/a>.<\/p><p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/6\/2532.jpg?ssl=1\"><\/p><p><b>The latest \u2018Robots are taking over everything\u2019 report: <\/b>You better not be getting too comfortable with your skill set because the robots are coming and they will ki\u2013 \u2026 take your job, <a href=\"https:\/\/www.cnbc.com\/2019\/06\/26\/robots-could-take-over-20-million-jobs-by-2030-study-claims.html\">CNBC reminds us<\/a>. A new study by Oxford Economics claims the next 11 years could see China lose as many as 11 mn jobs, the US 1.5 mn and the European Union 2 mn. We don\u2019t know where Egypt fits in all of this, but let\u2019s hope our status as a developing country will for once play in our favor.<\/p><p><b>PSA- Thinking about a startup and need affordable co-working space?<\/b> Our friends at the CIT Ministry\u2019s <a href=\"https:\/\/www.tiec.gov.eg\/English\/Pages\/default.aspx\">Technology Innovation and Entrepreneurship Center (Tiec)<\/a> are providing a coworking space for entrepreneurs and startups at its headquarters in Smart Village (<a href=\"http:\/\/enterprise.press\/wp-content\/uploads\/2019\/06\/Tiec-announcement.pdf\">details here in pdf)<\/a>. Small startups can <b>use the space at no charge for three months<\/b> after registering and may be able to renew depending on availability. You can register <a href=\"https:\/\/www.tiec.gov.eg\/English\/Pages\/User\/Login.aspx?Source=https:\/\/www.tiec.gov.eg\/English\/Programs\/CoworkingSpace\/Pages\/Coworking-Space-Application.aspx\">here<\/a>.<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/emerging-markets\/\">emerging markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/equities\/\">equities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-services\/\">financial services<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ma-watch\/\">M&amp;A Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/msci\/\">MSCI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us-china-trade-war\/\">US-China trade war<\/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=\"599413\" 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 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stk-block-column stk-column stk-block stk-ftrmily\" data-v=\"4\" data-block-id=\"ftrmily\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-ftrmily-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-ftrmily-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               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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\" 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   \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\/27\/the-talking-heads-take-a-break\/\">\r\n                            The talking heads take a break                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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tag-enterprise-last-nights-talk-shows tag-enterpriseam tag-media tag-talk-shows wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>The talking heads took a break last night,<\/b> presumably in recognition of the fact that they can\u2019t beat football for entertainment value. We\u2019ll be back with coverage on Monday.<\/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\/media\/\">media<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/talk-shows\/\">talk shows<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"599415\" 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=\"599415\">\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\/27\/gth-signs-dispute-settlement-agreement-with-egypts-tax-authority-fra-approves-veon-mto\/\">\r\n                            GTH signs dispute settlement agreement with Egypt\u2019s Tax Authority, FRA approves Veon MTO                        <\/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\/27\/gth-signs-dispute-settlement-agreement-with-egypts-tax-authority-fra-approves-veon-mto\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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GTH has called for a shareholders\u2019 meeting on 27 August to vote on<a href=\"http:\/\/www.egx.com.eg\/downloads\/News\/%d8%ac%d9%84%d9%88%d8%a8%d8%a7%d9%84%20%d9%86%d9%85%d9%88%d8%b0%d8%ac%20%d8%a7%d9%84%d8%b4%d8%b7%d8%a8%2026-06-2019.pdf\">delisting the company<\/a>. Board meeting minutes are available <a href=\"http:\/\/www.egx.com.eg\/downloads\/News\/26-06-2019%20%d8%ac%d9%84%d9%88%d8%a8%d8%a7%d9%84%20%d9%85%d8%ac%d9%84%d8%b3%20%d9%85%d9%88%d8%ab%d9%82%201.pdf\">here (pdf)<\/a>, <a href=\"http:\/\/www.egx.com.eg\/downloads\/News\/26-06-2019%20%d8%ac%d9%84%d9%88%d8%a8%d8%a7%d9%84%20%d9%85%d8%ac%d9%84%d8%b3%20%d9%85%d9%88%d8%ab%d9%82%202.pdf\">here (pdf)<\/a>, and <a href=\"http:\/\/www.egx.com.eg\/downloads\/News\/26-06-2019%20%d8%ac%d9%84%d9%88%d8%a8%d8%a7%d9%84%20%d9%85%d8%ac%d9%84%d8%b3%20%d9%85%d9%88%d8%ab%d9%82%203.pdf\">here (pdf)<\/a>. Veon\u2019s statement, meanwhile, <a href=\"https:\/\/www.veon.com\/media\/media-releases\/2019\/veon-announces-settlement-of-gth-taxes-approval-of-mandatory-tender-offer-and-comprehensive-gth-restructuring\/\">is here<\/a>.<\/p>\n<p><b>The settlement ends a long-running dispute that has prevented Veon from taking over GTH<\/b> \u2014 and has embroiled both retail investors and a handful of \u201cactivist\u201d institutional investors. Conventional wisdom on trading desks is that this has sapped the EGX of both sentiment and liquidity. \u201cThe settlement comes out of the state\u2019s care for ending all tax disputes to help achieve a stable tax and financial positions for companies operating in Egypt,\u201d <a href=\"http:\/\/www.mof.gov.eg\/Arabic\/MOFNews\/Press\/Pages\/news26-6-2019.aspx\">the Finance Ministry said in a statement<\/a>.<\/p>\n<p><b>What does the settlement look like?<\/b> The settlement covers the tax liabilities of GTH and its subsidiaries for the period from 2000 until and including 2018. GTH paid USD 53.7 mn to the Tax Authority, clearing tax dues for 2006 and 2007, and 2010 through 2018. Another USD 82.3 mn payment will be made by 31 December this year to clear dues for the remaining years.<\/p>\n<p><b>The good news kept rolling in for GTH<\/b> as the Financial Regulatory Authority (FRA) approved a modified mandatory tender offer (MTO) by lead shareholder Veon for the remaining 42.3% stake in GTH at EGP 5.08 per share, down from a previous EGP 5.30 per share, <a href=\"http:\/\/www.egx.com.eg\/downloads\/News\/%d8%ac%d9%84%d9%88%d8%a8%d8%a7%d9%84%20%d8%a8%d9%8a%d8%a7%d9%86%20%d9%85%d9%88%d8%a7%d9%81%d9%82%d8%a9%20%d8%b9%d8%b1%d8%b6%20%d8%a7%d9%84%d8%b4%d8%b1%d8%a7%d8%a1%2026-06-2019.PDF\">the regulator said in a bourse filing (pdf)<\/a>. The FRA had delayed and blocked previous attempts by Veon to acquire the GTH stake that it doesn\u2019t already own<\/p>\n<p><b>Veon has also made an offer to acquire \u201csubstantially all of GTH\u2019s operating assets,\u201d<\/b> including USD 2 bn for Jazz, USD 300 mn for Banglalink, USD 600 mn for Djezzy (including Med Cable) and USD 93.6 mn for Mobilink Bank. The acquisitions are expected to close by the end of 2019, subject to approval.<\/p>\n<p><b>Veon will also increase by USD 100 mn its existing revolving credit facility with GTH,<\/b> bringing the total value of the loan to USD 200 mn. Shareholders will vote on using the facility upon the completion of delisting.<\/p>\n<p><b>GTH\u2019s chairman is relieved that the process is finally over:<\/b> \u201cToday\u2019s settlement is a positive outcome for all GTH shareholders and would not have been possible without the cooperation of the Egyptian Ministry of Finance and the Egyptian Tax Authority, both of which I would like to thank, also on behalf of the entire board, for their support throughout this process,\u201d said Chairman Andrew Kemp.<\/p>\n<p><b>What happens now?<\/b> GTH's board has appointed Grant Thornton Egypt as an independent financial advisor to update its valuation report issued in January in respect of the then considered capital increase of GTH. The independent directors not affiliated with Veon will review the MTO and the asset acquisition offer, and disclose any relevant information.<\/p>\n<p><b>How did we get here? <\/b>The Egyptian Tax Authority <a href=\"https:\/\/enterprise.press\/stories\/2018\/01\/04\/tax-authority-reportedly-takes-action-to-seize-egp-990-mn-from-gth\/\">ordered a seizure<\/a> of EGP 990 mn in funds from GTH\u2019s local bank accounts in 2018 over a 2016 tax dispute. Some market observers have claimed the ongoing dispute obstructed Veon\u2019s efforts to take over its unit and led it to <a href=\"https:\/\/enterprise.press\/stories\/2018\/04\/04\/veon-withdraws-mandatory-offer-to-purchase-remaining-stake-of-global-telecom\/\">withdraw an earlier MTO<\/a>. We had reported that Veon <a href=\"https:\/\/enterprise.press\/stories\/2019\/06\/10\/veon-agrees-to-pay-egp-2-2-bn-to-settle-gths-tax-dispute\/\">has agreed on a settlement<\/a>with the Egyptian government but talks took a little longer than expected as they reportedly <a href=\"https:\/\/enterprise.press\/stories\/2019\/06\/19\/veon-in-final-talks-with-the-government-over-tax-settlement\/\">focused<\/a> on the payment scheme of the settlement, with the government wanting to receive the bulk of the payment before the end of the month.<\/p>\n<p><b>Advisors: <\/b>Shalakany Law Firm (<a href=\"http:\/\/enterprise.press\/wp-content\/uploads\/2019\/06\/Shalakany-Announcement-of-Veon-MTO-and-GTH-Tax-Settlement.pdf\">statement here)<\/a> represented GTH on the tax settlement and Veon on the MTO.<\/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\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egyptian-tax-authority\/\">Egyptian Tax Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-regulatory-authority\/\">Financial Regulatory Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/global-telecom-holding\/\">Global Telecom Holding<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ma-watch\/\">M&amp;A Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/speed-round\/\">SPEED ROUND<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tax\/\">tax<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/veon\/\">Veon<\/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=\"599427\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"599428\" 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=\"599428\">\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\/27\/the-good-times-will-continue-to-roll-if-egypt-secures-a-new-pact-with-the-imf-efg-hermes\/\">\r\n                            The good times will continue to roll if Egypt secures a new pact with the IMF \u2013EFG Hermes                        <\/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\/27\/the-good-times-will-continue-to-roll-if-egypt-secures-a-new-pact-with-the-imf-efg-hermes\/\" 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\/27\/the-good-times-will-continue-to-roll-if-egypt-secures-a-new-pact-with-the-imf-efg-hermes\/')\">\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\/27\/the-good-times-will-continue-to-roll-if-egypt-secures-a-new-pact-with-the-imf-efg-hermes\/\">\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 good times will continue to roll if Egypt secures a new pact with the IMF \u2013EFG Hermes&url=https:\/\/enterpriseam.com\/egypt\/2019\/06\/27\/the-good-times-will-continue-to-roll-if-egypt-secures-a-new-pact-with-the-imf-efg-hermes\/\">\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\/27\/the-good-times-will-continue-to-roll-if-egypt-secures-a-new-pact-with-the-imf-efg-hermes\/&title=The good times will continue to roll if Egypt secures a new pact with the IMF \u2013EFG Hermes\">\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+good+times+will+continue+to+roll+if+Egypt+secures+a+new+pact+with+the+IMF+%E2%80%93EFG+Hermes+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F06%2F27%2Fthe-good-times-will-continue-to-roll-if-egypt-secures-a-new-pact-with-the-imf-efg-hermes%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\/27\/the-good-times-will-continue-to-roll-if-egypt-secures-a-new-pact-with-the-imf-efg-hermes\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/6\/1836.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"599429\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/27\/the-good-times-will-continue-to-roll-if-egypt-secures-a-new-pact-with-the-imf-efg-hermes\/1836-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/6\/1836.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1836.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/6\/1836.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/6\/1836.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-599428\" class=\"content-area-description single-story post-599428 post type-post status-publish format-standard has-post-thumbnail hentry category-the-macro-picture tag-bonds tag-carry-trade tag-currencies tag-economy tag-efg-hermes tag-emerging-markets tag-enterpriseam tag-imf 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><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a><b> The good times will continue to roll if Egypt secures a new pact with the IMF:<\/b> Plans to sign a post-program <a href=\"https:\/\/enterprise.press\/stories\/2019\/06\/26\/egypt-hopes-to-reach-a-non-loan-program-agreement-with-imf-before-october\/\">non-financial agreement with IMF<\/a> will help Egypt maintain its position as the world\u2019s most attractive carry trade, Mohamed Abu Basha, EFG Hermes\u2019 head of macro analysis, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-06-26\/imf-deal-to-keep-carry-party-going-for-emerging-market-darling\">tells Bloomberg<\/a>. Finance Minister Mohamed Maait said yesterday that the government is in talks with the fund over an agreement that could see it continue to support the country\u2019s economic reforms after the USD 12 bn program ends later this year. This would likely bolster investor confidence in Egypt\u2019s fixed-income assets and the EGP carry trade further, according to Abu Basha. \u201cEgypt makes for a very good trade\u2026 signing the agreement would act as further reassurance and can guarantee a consistent stream of inflows and lower borrowing costs,\u201d he said.<\/p>\n<p><b>The world\u2019s best:<\/b> Large portfolio flows have entered Egypt this year as the government\u2019s commitment to reform and the country\u2019s relative insulation from the US-China trade conflict courted international attention. Investors have netted themselves a 23% return on EGP-denominated bonds this year \u2014 five times the EM average \u2014 while the value of the EGP has increased by 7.3% against the greenback. Carry traders investing in Egyptian debt with USD have made returns of around 15% in 2019, Bloomberg says.<\/p>\n<p><b>And Trump\u2019s USD 50 bn Mideast plan (if it ever materializes) will likely boost the EGP further<\/b>: Marie Salem, FFA Private Bank\u2019s director of capital markets, says that <a href=\"https:\/\/enterprise.press\/stories\/2019\/06\/23\/egypt-to-receive-usd-9-bn-under-trump-administrations-mideast-peace-to-prosperity-economic-plan\/\">Trump\u2019s plan to invest USD 9 bn<\/a> in Egyptian infrastructure as part of his regional economic development plan would only be good news for the EGP. \u201cWith all the enhancement and support that Egypt is getting from the IMF and the US, the EGP has maintained its stability for the past year and we expect it to strengthen,\u201d she told Bloomberg.<\/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\/bonds\/\">Bonds<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/carry-trade\/\">carry trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/currencies\/\">currencies<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/efg-hermes\/\">EFG Hermes<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <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\/imf\/\">IMF<\/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=\"599430\" 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=\"599430\">\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\/27\/egypt-in-the-news-on-26-june-2019-amr-warda-sidelined-from-afcon\/\">\r\n                            Egypt in the News on 26 June 2019: Amr Warda sidelined from Afcon                        <\/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\/27\/egypt-in-the-news-on-26-june-2019-amr-warda-sidelined-from-afcon\/\" 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\/27\/egypt-in-the-news-on-26-june-2019-amr-warda-sidelined-from-afcon\/')\">\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\/27\/egypt-in-the-news-on-26-june-2019-amr-warda-sidelined-from-afcon\/\">\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 26 June 2019: Amr Warda sidelined from Afcon&url=https:\/\/enterpriseam.com\/egypt\/2019\/06\/27\/egypt-in-the-news-on-26-june-2019-amr-warda-sidelined-from-afcon\/\">\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\/27\/egypt-in-the-news-on-26-june-2019-amr-warda-sidelined-from-afcon\/&title=Egypt in the News on 26 June 2019: Amr Warda sidelined from Afcon\">\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+26+June+2019%3A+Amr+Warda+sidelined+from+Afcon+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F06%2F27%2Fegypt-in-the-news-on-26-june-2019-amr-warda-sidelined-from-afcon%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\/27\/egypt-in-the-news-on-26-june-2019-amr-warda-sidelined-from-afcon\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-599430\" class=\"content-area-description single-story post-599430 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-egypt-in-the-news tag-enterpriseam tag-sports wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>Amr Warda getting kicked off the national team over harassment tops Egypt coverage:<\/b> The Egyptian Football Association (EFA) has barred Egyptian national team player Amr Warda from taking part in any further matches during the African Cup of Nations, <a href=\"http:\/\/www.efa.com.eg\/NewsDetails?k1=T\/UHChfu8DIG8I5wigJqlg==\">the EFA said in a statement<\/a>. Warda came under fire earlier this week after an Instagram model posted several snippets of their conversations, accusing him of [redacted] harassment and aggressive behavior. A complaint was filed against him at the prosecutor general\u2019s office. The Pharaohs will continue the rest of the tournament with 22 players.<\/p>\n<p><b>The story was widely picked up by foreign news outlets<\/b>, including <a href=\"https:\/\/af.reuters.com\/article\/zimbabweNews\/idAFL8N23X400\">Reuters<\/a>, <a href=\"https:\/\/www.france24.com\/en\/20190626-egypt-footballer-amr-warda-banned-over-sexual-harassment-claims\">AFP<\/a>, <a href=\"https:\/\/www.bbc.com\/sport\/football\/48774360\">BBC Sport<\/a>, <a href=\"https:\/\/nationalpost.com\/news\/canada\/soccer-egypt-kick-striker-out-of-cup-of-nations-squad-for-disciplinary-reasons\">National Post<\/a>, <a href=\"https:\/\/www.kickoff.com\/news\/articles\/world-news\/categories\/news\/afcon-news\/egypt-sack-amr-warda-at-afcon-2019-and-hit-with-indefinite-ban-from-national-team\/657860\">Kick Off<\/a>, and <a href=\"https:\/\/www.goal.com\/fr\/news\/can-egypte-amr-warda-exclu-de-la-selection\/1jxgqtezv365s1hj7iu91h3uoa\">Goal (French<\/a>.<\/p>\n<p><b>No, the Egyptian economy is not in danger of imminent collapse,<\/b> argues EFG Hermes\u2019 Ahmad Shams El Din in a riposte to Yehia Hamed\u2019s <a href=\"https:\/\/enterprise.press\/stories\/2019\/06\/09\/egypt-in-the-news-on-9-june-2019\/\">recent FP hit piece<\/a> on the Egyptian economy. Improving macro indicators and external debt levels that are comparatively favorable to EM averages show that it is actually undergoing a strong recovery, he writes in <a href=\"https:\/\/foreignpolicy.com\/2019\/06\/26\/egypts-economy-isnt-tanking-its-thriving-sisi-muslim-brotherhood-imf\/\">Foreign Policy<\/a>, while delivering the following slam-dunk: \u201c[Hamed\u2019s] article will remain nothing more than a polite attempt at political positioning that seeks to muddy the waters of the current government\u2019s financial successes, rather than offer a serious analysis of Egypt\u2019s financial and economic conditions.\u201d<\/p>\n<p><b>The killing of seven police officers <\/b>and four terrorists in north Sinai is also receiving attention this morning: <a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL8N23X1ZT\">Reuters<\/a> | <a href=\"https:\/\/www.ynetnews.com\/articles\/0,7340,L-5536625,00.html\">Associated Press<\/a> | <a href=\"http:\/\/www.xinhuanet.com\/english\/2019-06\/26\/c_138175644.htm\">Xinhua<\/a> | <a href=\"https:\/\/english.alarabiya.net\/en\/News\/middle-east\/2019\/06\/26\/Egypt-says-militants-kill-six-policemen-in-north-Sinai.html\">Al Arabiya<\/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\/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\/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=\"599431\" 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=\"599431\">\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\/27\/el-sisi-in-japan-for-g20-summit\/\">\r\n                            El Sisi in Japan for G20 summit                        <\/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\/27\/el-sisi-in-japan-for-g20-summit\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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President Abdel Fattah\u2019s Al Sisi\u2019s participation in the G20 summit in Japan tops the front page of <a href=\"https:\/\/www.pressreader.com\/egypt\/al-akhbar\">Al Akhbar<\/a>, one of the country\u2019s three main state-run newspapers.<\/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\/g20\/\">G20<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/japan\/\">Japan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/on-the-front-pages\/\">On The Front Pages<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"599432\" 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=\"599432\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/27\/egypt-signs-mous-with-germany-pm-talks-transportation-plans\/\">\r\n                            Egypt signs MoUs with Germany, PM talks transportation plans                        <\/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\/27\/egypt-signs-mous-with-germany-pm-talks-transportation-plans\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The PM and several of his ministers also met with officials from Bombardier Transportation to showcase the government\u2019s plans to modernize railway cars, the <a href=\"http:\/\/www.cabinet.gov.eg\/Arabic\/MediaCenter\/CabinetNews\/Pages\/%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%84%D9%88%D8%B2%D8%B1%D8%A7%D8%A1-%D9%8A%D8%A8%D8%AD%D8%AB-%D9%85%D8%B9-%D9%85%D8%B3%D8%A6%D9%88%D9%84%D9%89-%D8%B4%D8%B1%D9%83%D8%A9-%D8%A8%D9%88%D9%85%D8%A8%D8%A7%D8%B1%D8%AF%D9%8A%D9%87-%D9%84%D9%84%D9%86%D9%82%D9%84-%D9%85%D8%B4%D8%B1%D9%88%D8%B9%D8%A7%D8%AA-%D8%AA%D8%AD%D8%AF%D9%8A%D8%AB-%D8%AC%D8%B1%D8%A7%D8%B1%D8%A7%D8%AA-%D8%A7%D9%84%D8%B3%D9%83%D8%A9-%D8%A7%D9%84%D8%AD%D8%AF%D9%8A%D8%AF-%D9%88%D8%B4%D8%B1%D8%A7%D8%A1-%D8%AC%D8%B1%D8%A7%D8%B1%D8%A7%D8%AA-%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9%E2%80%8E.aspx\">cabinet said<\/a> in a separate statement. Madbouly <a href=\"http:\/\/www.cabinet.gov.eg\/Arabic\/MediaCenter\/CabinetNews\/Pages\/%D9%84%D9%82%D8%A7%D8%A1-%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%84%D8%A7%D8%AA%D8%AD%D8%A7%D8%AF-%D8%A7%D9%84%D8%A3%D9%84%D9%85%D8%A7%D9%86%D9%89-%D9%84%D8%B5%D9%86%D8%A7%D8%B9%D8%A9-%D8%A7%D9%84%D8%B3%D9%8A%D8%A7%D8%B1%D8%A7%D8%AA%E2%80%8E.aspx\">also met<\/a> with the head of Germany\u2019s auto manufacturing union to discuss Egypt\u2019s ambitions to improve its domestic industry.<\/p>\n<p><b>The PM also held talks with German Minister of Economic Affairs and Energy Peter Altmaier <\/b>and the head of the German-Arab Chamber of Industry and Commerce (AHK), <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/1288664787978550\">cabinet said<\/a> as well as with Economic Cooperation and Development Minister Gerd M\u00fcller (<a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/1288748161303546\">statement here<\/a>) to talk transportation, car manufacturing and vocational training.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy-foreign-trade\/\">Diplomacy + Foreign Trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/germany\/\">Germany<\/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=\"599433\" 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=\"599433\">\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\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/27\/sdx-discovers-oil-at-rabul-7-well\/\">\r\n                            SDX discovers oil at Rabul 7 well                        <\/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\/27\/sdx-discovers-oil-at-rabul-7-well\/\" 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\/27\/sdx-discovers-oil-at-rabul-7-well\/')\">\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\/27\/sdx-discovers-oil-at-rabul-7-well\/\">\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=SDX discovers oil at Rabul 7 well&url=https:\/\/enterpriseam.com\/egypt\/2019\/06\/27\/sdx-discovers-oil-at-rabul-7-well\/\">\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\/27\/sdx-discovers-oil-at-rabul-7-well\/&title=SDX discovers oil at Rabul 7 well\">\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=SDX+discovers+oil+at+Rabul+7+well+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F06%2F27%2Fsdx-discovers-oil-at-rabul-7-well%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\/27\/sdx-discovers-oil-at-rabul-7-well\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-599433\" class=\"content-area-description single-story post-599433 post type-post status-publish format-standard hentry category-energy tag-energy tag-enterpriseam tag-sdx-energy wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>SDX Energy has made an oil discovery at its Rabul 7 well in the West Gharib concession, the company <a href=\"https:\/\/polaris.brighterir.com\/public\/sdx_energy\/news\/rns_widget\/story\/r71vgzr\">said in a statement<\/a>. \u201cThe well was drilled to a total depth of 5,323 feet and encountered approximately 134 feet of net heavy oil pay across the Yusr and Bakr formations.\u201d SDX has also connected the well to the central processing facilities at Meseda. SDX holds a 50% stake in the concession.<\/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\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sdx-energy\/\">SDX Energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"599436\" 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=\"599436\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">Basic Materials + Commodities<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/27\/aton-discovers-two-new-mining-prospects-at-its-abu-marawat-concession\/\">\r\n                            Aton discovers two new mining prospects at its Abu Marawat concession                        <\/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\/27\/aton-discovers-two-new-mining-prospects-at-its-abu-marawat-concession\/\" 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\/27\/aton-discovers-two-new-mining-prospects-at-its-abu-marawat-concession\/')\">\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\/27\/aton-discovers-two-new-mining-prospects-at-its-abu-marawat-concession\/\">\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=Aton discovers two new mining prospects at its Abu Marawat concession&url=https:\/\/enterpriseam.com\/egypt\/2019\/06\/27\/aton-discovers-two-new-mining-prospects-at-its-abu-marawat-concession\/\">\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\/27\/aton-discovers-two-new-mining-prospects-at-its-abu-marawat-concession\/&title=Aton discovers two new mining prospects at its Abu Marawat concession\">\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=Aton+discovers+two+new+mining+prospects+at+its+Abu+Marawat+concession+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F06%2F27%2Faton-discovers-two-new-mining-prospects-at-its-abu-marawat-concession%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\/27\/aton-discovers-two-new-mining-prospects-at-its-abu-marawat-concession\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-599436\" class=\"content-area-description single-story post-599436 post type-post status-publish format-standard hentry category-basic-materials-commodities tag-aton-resources tag-basic-materials-commodities tag-enterpriseam tag-mining wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Canadian mining firm Aton Resources has discovered two new gold mine prospects at Safaga South and Wasif in the company\u2019s Abu Marawat concession in the eastern desert, <a href=\"https:\/\/www.atonresources.com\/news\/2019\/aton-discovers-2-new-zones-of-mineralisation-at-safaga-south-and-wasif-sampling-up-to-16.45-g-t-au\/\">according to a statement out last week<\/a>. Preliminary sampling has returned positive results after the company identified \u201cancient mining settlements\u201d at both prospects. Aton Sandstorm Gold signed <a href=\"https:\/\/enterprise.press\/stories\/2018\/05\/10\/aton-resources-sandstorm-sign-usd-2-1-mn-financing-package-to-fund-egypt-operations\/\">last month<\/a> a USD 2.1 mn financing package to fund more exploration and development at the concession.<\/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\/aton-resources\/\">Aton Resources<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/basic-materials-commodities\/\">Basic Materials + Commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mining\/\">mining<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"599438\" 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=\"599438\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">Manufacturing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/27\/egypts-ida-to-offer-investors-280k-sqm-of-industrial-land-in-hurghada-by-the-end-of-july\/\">\r\n                            Egypt\u2019s IDA to offer investors 280k sqm of industrial land in Hurghada by the end of July                        <\/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\/27\/egypts-ida-to-offer-investors-280k-sqm-of-industrial-land-in-hurghada-by-the-end-of-july\/\" 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\/27\/egypts-ida-to-offer-investors-280k-sqm-of-industrial-land-in-hurghada-by-the-end-of-july\/')\">\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\/27\/egypts-ida-to-offer-investors-280k-sqm-of-industrial-land-in-hurghada-by-the-end-of-july\/\">\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 IDA to offer investors 280k sqm of industrial land in Hurghada by the end of July&url=https:\/\/enterpriseam.com\/egypt\/2019\/06\/27\/egypts-ida-to-offer-investors-280k-sqm-of-industrial-land-in-hurghada-by-the-end-of-july\/\">\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\/27\/egypts-ida-to-offer-investors-280k-sqm-of-industrial-land-in-hurghada-by-the-end-of-july\/&title=Egypt\u2019s IDA to offer investors 280k sqm of industrial land in Hurghada by the end of July\">\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+IDA+to+offer+investors+280k+sqm+of+industrial+land+in+Hurghada+by+the+end+of+July+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F06%2F27%2Fegypts-ida-to-offer-investors-280k-sqm-of-industrial-land-in-hurghada-by-the-end-of-july%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\/27\/egypts-ida-to-offer-investors-280k-sqm-of-industrial-land-in-hurghada-by-the-end-of-july\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-599438\" class=\"content-area-description single-story post-599438 post type-post status-publish format-standard hentry category-manufacturing tag-enterpriseam tag-industrial-development-authority tag-manufacturing wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The Industrial Development Authority (IDA) will tender next month 280k sqm of industrial land plots in Hurghada, <a href=\"https:\/\/alborsaanews.com\/2019\/06\/26\/1218142\">said Salah El Gamal<\/a>, investment director at the Red Sea governorate. The plots will be allowed to accommodate all but environmentally damaging industrial activities, El Gamal said. The number of land plots on offer is yet to be decided.<\/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\/industrial-development-authority\/\">Industrial Development Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"599439\" 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=\"599439\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">Health + Education<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/27\/egypt-to-launch-its-first-it-school-with-ibm\/\">\r\n                            Egypt to launch its first IT school with IBM                        <\/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\/27\/egypt-to-launch-its-first-it-school-with-ibm\/\" 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\/27\/egypt-to-launch-its-first-it-school-with-ibm\/')\">\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\/27\/egypt-to-launch-its-first-it-school-with-ibm\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt to launch its first IT school with IBM&url=https:\/\/enterpriseam.com\/egypt\/2019\/06\/27\/egypt-to-launch-its-first-it-school-with-ibm\/\">\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\/27\/egypt-to-launch-its-first-it-school-with-ibm\/&title=Egypt to launch its first IT school with IBM\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+to+launch+its+first+IT+school+with+IBM+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F06%2F27%2Fegypt-to-launch-its-first-it-school-with-ibm%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\/27\/egypt-to-launch-its-first-it-school-with-ibm\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-599439\" class=\"content-area-description single-story post-599439 post type-post status-publish format-standard hentry category-health-education tag-cit tag-education tag-enterpriseam tag-health-education tag-ibm tag-technology wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The Education Ministry has signed an MoU with IBM Egypt to launch the country\u2019s first specialized IT school, following the universally recognized <a href=\"http:\/\/www.ptech.org\/how-it-works\/the-model\/\">P-Tech model<\/a>, the cabinet <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/1288676677977361\">said in a statement<\/a>. Sixty high school graduates will be able to enroll in the school in the first round this coming school year.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cit\/\">CIT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/health-education\/\">Health + Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ibm\/\">IBM<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/technology\/\">technology<\/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=\"599440\" 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=\"599440\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">Tourism<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/27\/hotac-to-accept-tender-offers-for-shepheard-hotel-in-july\/\">\r\n                            HOTAC to accept tender offers for Shepheard Hotel in July                        <\/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\/27\/hotac-to-accept-tender-offers-for-shepheard-hotel-in-july\/\" 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\/27\/hotac-to-accept-tender-offers-for-shepheard-hotel-in-july\/')\">\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\/27\/hotac-to-accept-tender-offers-for-shepheard-hotel-in-july\/\">\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=HOTAC to accept tender offers for Shepheard Hotel in July&url=https:\/\/enterpriseam.com\/egypt\/2019\/06\/27\/hotac-to-accept-tender-offers-for-shepheard-hotel-in-july\/\">\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\/27\/hotac-to-accept-tender-offers-for-shepheard-hotel-in-july\/&title=HOTAC to accept tender offers for Shepheard Hotel in July\">\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=HOTAC+to+accept+tender+offers+for+Shepheard+Hotel+in+July+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F06%2F27%2Fhotac-to-accept-tender-offers-for-shepheard-hotel-in-july%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\/27\/hotac-to-accept-tender-offers-for-shepheard-hotel-in-july\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-599440\" class=\"content-area-description single-story post-599440 post type-post status-publish format-standard hentry category-tourism tag-enterpriseam tag-hospitality tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The Holding Company for Tourism and Hotels (HOTAC) aims to begin accepting tender offers from companies hoping to renovate Shepheard Hotel in July after it amended the booklet of conditions, <a href=\"https:\/\/www.alborsaanews.com\/2019\/06\/26\/1218087\">Chairman Mervat Hataba said<\/a>. The government has reversed a decision to set up a JV to develop the hotel and decided instead to contract a multinational company to do the job, Hataba said. Four companies have already expressed interest to take part in the bid, she added without naming them.<\/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\/hospitality\/\">hospitality<\/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=\"599441\" 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=\"599441\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">13<\/div>\r\n\r\n                    <p class=\"f-graphik\">Other Business News of Note<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/27\/egypts-ibnsina-raises-issued-capital-to-egp-205-mn-via-bonus-shares\/\">\r\n                            Egypt\u2019s Ibnsina raises issued capital to EGP 205 mn via bonus shares                        <\/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\/27\/egypts-ibnsina-raises-issued-capital-to-egp-205-mn-via-bonus-shares\/\" 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\/27\/egypts-ibnsina-raises-issued-capital-to-egp-205-mn-via-bonus-shares\/')\">\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\/27\/egypts-ibnsina-raises-issued-capital-to-egp-205-mn-via-bonus-shares\/\">\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 Ibnsina raises issued capital to EGP 205 mn via bonus shares&url=https:\/\/enterpriseam.com\/egypt\/2019\/06\/27\/egypts-ibnsina-raises-issued-capital-to-egp-205-mn-via-bonus-shares\/\">\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\/27\/egypts-ibnsina-raises-issued-capital-to-egp-205-mn-via-bonus-shares\/&title=Egypt\u2019s Ibnsina raises issued capital to EGP 205 mn via bonus shares\">\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+Ibnsina+raises+issued+capital+to+EGP+205+mn+via+bonus+shares+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F06%2F27%2Fegypts-ibnsina-raises-issued-capital-to-egp-205-mn-via-bonus-shares%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\/27\/egypts-ibnsina-raises-issued-capital-to-egp-205-mn-via-bonus-shares\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-599441\" class=\"content-area-description single-story post-599441 post type-post status-publish format-standard hentry category-other-business-news-of-note tag-enterpriseam tag-finance tag-other-business-news-of-note wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Ibnsina Pharma has increased its issued capital to EGP 205 mn from EGP 180.5 mn by issuing EGP 24.5 mn-worth of bonus shares, <a href=\"http:\/\/www.egx.com.eg\/downloads\/News\/%d8%a7%d8%a8%d9%86%20%d8%b3%d9%8a%d9%86%d8%a7%20%d8%a8%d9%8a%d8%a7%d9%86%2026-06-2019.pdf\">according to an EGX disclosure (pdf)<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/finance\/\">Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/other-business-news-of-note\/\">Other Business News of Note<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"599442\" 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=\"599442\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">14<\/div>\r\n\r\n                    <p class=\"f-graphik\">Legislation + Policy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/27\/el-sisi-ratifies-pensions-wage-increases-for-civil-servants-effective-1-july\/\">\r\n                            El Sisi ratifies pensions, wage increases for civil servants effective 1 July                        <\/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\/27\/el-sisi-ratifies-pensions-wage-increases-for-civil-servants-effective-1-july\/\" 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\/27\/el-sisi-ratifies-pensions-wage-increases-for-civil-servants-effective-1-july\/')\">\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\/27\/el-sisi-ratifies-pensions-wage-increases-for-civil-servants-effective-1-july\/\">\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=El Sisi ratifies pensions, wage increases for civil servants effective 1 July&url=https:\/\/enterpriseam.com\/egypt\/2019\/06\/27\/el-sisi-ratifies-pensions-wage-increases-for-civil-servants-effective-1-july\/\">\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\/27\/el-sisi-ratifies-pensions-wage-increases-for-civil-servants-effective-1-july\/&title=El Sisi ratifies pensions, wage increases for civil servants effective 1 July\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=El+Sisi+ratifies+pensions%2C+wage+increases+for+civil+servants+effective+1+July+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F06%2F27%2Fel-sisi-ratifies-pensions-wage-increases-for-civil-servants-effective-1-july%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\/27\/el-sisi-ratifies-pensions-wage-increases-for-civil-servants-effective-1-july\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-599442\" class=\"content-area-description single-story post-599442 post type-post status-publish format-standard hentry category-legislation-policy tag-enterpriseam tag-judiciary tag-labor tag-legislation tag-legislation-policy wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>President Abdel Fattah El Sisi has ratified a bill to <a href=\"https:\/\/enterprise.press\/stories\/2019\/06\/12\/house-approves-govt-proposed-amendments-on-prosecution-judicial-authorities-pensions-and-non-housing-rent\/\">increase pensions<\/a> and <a href=\"https:\/\/enterprise.press\/stories\/2019\/06\/10\/civil-service-pension-increases-given-preliminary-approval-by-egyptian-parliament\/\">salary increases<\/a> for civil servants by 15% starting 1 July, according to <a href=\"http:\/\/www.alamiria.com\/ar-eg\/Pages\/default.aspx\">the official gazette<\/a>. State employees subject to the Civil Service Act will get a periodic raise of 7% and a monthly bonus of EGP 150 starting 1 July. Employees that do not fall under the act\u2019s umbrella would be eligible for a 10% raise. El Sisi has also <a href=\"https:\/\/enterprise.press\/stories\/2019\/06\/12\/house-approves-govt-proposed-amendments-on-prosecution-judicial-authorities-pensions-and-non-housing-rent\/\">ratified amendments<\/a> to the Administrative Prosecution Authority Act and the Judicial Authority Act, giving himself the authority to appoint the head of each of the authorities from pools of the seven most-senior prosecutors or judges. Appointees will hold office for four-year terms or until they hit retirement age, and would be limited to one term in office.<\/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\/judiciary\/\">judiciary<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/labor\/\">labor<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/legislation\/\">legislation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/legislation-policy\/\">Legislation + Policy<\/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=\"599443\" 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=\"599443\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">15<\/div>\r\n\r\n                    <p class=\"f-graphik\">Egypt Politics + Economics<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/27\/hisham-ashmawi-to-be-retried-on-terrorism-charges\/\">\r\n                            Hisham Ashmawi to be retried on terrorism charges                        <\/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\/27\/hisham-ashmawi-to-be-retried-on-terrorism-charges\/\" 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\/27\/hisham-ashmawi-to-be-retried-on-terrorism-charges\/')\">\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\/27\/hisham-ashmawi-to-be-retried-on-terrorism-charges\/\">\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=Hisham Ashmawi to be retried on terrorism charges&url=https:\/\/enterpriseam.com\/egypt\/2019\/06\/27\/hisham-ashmawi-to-be-retried-on-terrorism-charges\/\">\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\/27\/hisham-ashmawi-to-be-retried-on-terrorism-charges\/&title=Hisham Ashmawi to be retried on terrorism charges\">\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=Hisham+Ashmawi+to+be+retried+on+terrorism+charges+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F06%2F27%2Fhisham-ashmawi-to-be-retried-on-terrorism-charges%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\/27\/hisham-ashmawi-to-be-retried-on-terrorism-charges\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-599443\" class=\"content-area-description single-story post-599443 post type-post status-publish format-standard hentry category-egypt-politics-economics tag-egypt-politics-economics tag-enterpriseam tag-judiciary tag-libya tag-terrorism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Special forces officer-turned-terrorist Hisham Ashmawy is facing military trial over five terror attacks, including one in which he was sentenced to death in absentia in 2017, according to <a href=\"https:\/\/www.thenational.ae\/world\/one-of-egypt-s-most-wanted-militants-hisham-ashmawi-on-trial-1.879143\">the National<\/a>. Ashmawy is accused of killing a total of 54 people, and engaging in terrorism against the army, police forces, and civilians. Ashmawy was captured in Derna in 2018 by forces loyal to Libyan National Army chief Gen. Khalifa Haftar, and <a href=\"https:\/\/enterprise.press\/stories\/2019\/05\/29\/libya-hands-over-egyptian-officer-turned-terrorist-hisham-el-ashmawy\/\">flown back to Egypt in May<\/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\/egypt-politics-economics\/\">Egypt Politics + Economics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/judiciary\/\">judiciary<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/libya\/\">Libya<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/terrorism\/\">terrorism<\/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=\"599444\" 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=\"599444\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">16<\/div>\r\n\r\n                    <p class=\"f-graphik\">My Morning Routine<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/27\/my-morning-routine-omar-el-fata-ceo-of-ameco\/\">\r\n                            My Morning Routine: Omar El Fata, CEO of AMECO                        <\/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\/27\/my-morning-routine-omar-el-fata-ceo-of-ameco\/\" 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\/27\/my-morning-routine-omar-el-fata-ceo-of-ameco\/')\">\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\/27\/my-morning-routine-omar-el-fata-ceo-of-ameco\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=My Morning Routine: Omar El Fata, CEO of AMECO&url=https:\/\/enterpriseam.com\/egypt\/2019\/06\/27\/my-morning-routine-omar-el-fata-ceo-of-ameco\/\">\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\/27\/my-morning-routine-omar-el-fata-ceo-of-ameco\/&title=My Morning Routine: Omar El Fata, CEO of AMECO\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=My+Morning+Routine%3A+Omar+El+Fata%2C+CEO+of+AMECO+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F06%2F27%2Fmy-morning-routine-omar-el-fata-ceo-of-ameco%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\/27\/my-morning-routine-omar-el-fata-ceo-of-ameco\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/6\/635.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"599445\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/27\/my-morning-routine-omar-el-fata-ceo-of-ameco\/635-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/6\/635.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"635.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/6\/635.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/6\/635.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-599444\" class=\"content-area-description single-story post-599444 post type-post status-publish format-standard has-post-thumbnail hentry category-my-morning-routine tag-enterpriseam tag-healthcare tag-manufacturing tag-my-morning-routine wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> My Morning Routine looks each week at how a successful member of the community starts their day \u2014 and then throws in a couple of random business questions just for fun. Speaking to us this week is Omar El Fata (<a href=\"https:\/\/www.linkedin.com\/in\/omar-el-fata-65516a26?originalSubdomain=eg\">LinkedIn<\/a>), CEO of AMECO, the oldest and largest single-use syringe manufacturer in the Middle East.<\/p>\n<p><b>My name is Omar El Fata.<\/b> I\u2019m 29 years-old and I\u2019m the CEO of the <a href=\"http:\/\/www.amecoegypt.com\/\">Arab Medical Equipment Company (AMECO)<\/a>.<\/p>\n<p><b>Many people have a fixed idea of what it means to be a CEO<\/b>, imagining someone who sits in a lavish office all day, delegating. Fortunately, my short experience in this area has been quite different. Time spent in the office is scarce, as I am always on the move. My job is to make sure the company has enough liquidity and resources to maintain smooth operations and sustain growth. This entails many meetings with bankers, suppliers, distributors and, most importantly, the company\u2019s workers.<\/p>\n<p><b>One of the main costs in manufacturing a syringe is the plastic<\/b>,which fluctuates based on oil prices. So we need to pay close attention to current world events and strategize to maintain an efficient supply chain. In 2007, we started producing our own needles, to be able to control the quality fully. Every syringe is sold with a needle, and if you produce a high-quality syringe with a low-quality needle, then you are selling a painful product. That\u2019s why we decided to produce our own needles, which is a very delicate component. All our <a href=\"https:\/\/en.wikipedia.org\/wiki\/CE_marking\">products are CE marked<\/a> (they conform to health and safety standards for products sold within the <a href=\"https:\/\/en.wikipedia.org\/wiki\/European_Economic_Area\">EEA<\/a>). With the CE mark we are allowed to export our products to any EU nation without needing to register. So maintaining these standards is a very important part of our business model. More generally, it\u2019s crucial that we keep a close eye on the sector for any interesting developments \u2014 the healthcare sector is becoming increasingly dynamic.<\/p>\n<p><b>I start my day with a big breakfast,<\/b> a freshly brewed double espresso and Bloomberg\u2019s morning show. This is usually followed by feeding my dogs and my three-legged cat, who shower me with much-needed morning positivity in return. Before driving to work, I spend about 45 minutes going through emails and catching up on everything Egypt-related with Enterprise.<\/p>\n<p><b>Working in an industrial zone doesn\u2019t come with the social perks of working in, say, Zamalek<\/b>, so I end up spending a lot of time with my workers, listening to everything from how to run a process more efficiently to complaints about the traffic on their commute to work. I enjoy it because it keeps me grounded and gives me very different insights into everyday struggles as well as opportunities for people in Egypt. As we work with companies operating in many different time zones, I usually end up working until the evening, but I always try and make it home before 10pm.<\/p>\n<p><b>I\u2019m a recent <\/b><a href=\"https:\/\/www.hbo.com\/video\/game-of-thrones\/seasons\/season-8\/videos\/trailer\"><b>Game of Thrones<\/b><\/a><b> convert, and a big fan of <\/b><a href=\"https:\/\/www.imdb.com\/title\/tt2085059\/\"><b>Black Mirror<\/b><\/a><b>.<\/b> Two books I\u2019ve really enjoyed recently are <a href=\"https:\/\/www.amazon.com\/Power-Now-Guide-Spiritual-Enlightenment\/dp\/1577314808\">The Power of Now<\/a>by Eckhart Tolle and <a href=\"https:\/\/www.penguinrandomhouse.com\/books\/317051\/enlightenment-now-by-steven-pinker\/9780143111382\/\">Enlightenment Now<\/a> by Steven Pinker.<\/p>\n<p><b>When AMECO started in 1984, painful and expensive glass syringes were used all over the world<\/b>, and it was my late grandfather who established the company as the first plastic disposable syringe manufacturing plant in the Middle East and Africa. The same shift happened in the bottling industry (a move from glass to plastic), and it was a challenge because the public perception of plastic at the time was negative. The truth is, using medical grade plastic to manufacture syringes was more replicable, cheaper, and more hygienic than using glass. Perhaps most importantly, the needle is much less painful and the process of using it less intimidating with plastic syringes.<\/p>\n<p><b>Many people don\u2019t have a sense of just how much know-how and investment goes into producing any medical devices.<\/b> We have sold bns of syringes in our 35-year history, and it isn\u2019t an easy task to scale your production whilst maintaining your standards of safety for each and every syringe you sell. It\u2019s possible to buy syringes for less than the baksheesh you would give to your local \u201csayes\u201d when he helps you park your car, but the difference between syringe brands (which can be as little as a few piasters) can also be the difference between a syringe that delivers safely and a syringe that could contaminate the medication.<\/p>\n<p><b>I always tell our employees to think twice if they are tempted to cut any corners<\/b>, as one day it could be them lying in a hospital bed.<\/p>\n<p><b>We have been working to develop new equipment that I hope will be at the forefront of change in the industry. <\/b>Syringe reuse and accidental needlestick injuries are among the most common causes of the spread of blood-borne diseases \u2014 notably the spread of hepatitis and HIV. Egypt has<a href=\"http:\/\/hcvadvocate.org\/publications\/fact-sheets\/hcsp-fact-series\/hepatitis-c-around-the-world-facts\/\">the highest prevalence<\/a> of hepatitis C in the world, and this is mainly because of the reuse of syringes. So we\u2019re trying to address this problem by teaming up with an Italian healthcare technology company to develop <a href=\"https:\/\/www.amecoegypt.com\/safetysyringe\">a new kind of syringe<\/a>, called Retrago. After a single injection, the Retrago syringe automatically retracts the exposed needle and prevents the syringe from being reused. We launched Retrago during the WHO Assembly in Geneva last month, and <a href=\"https:\/\/enterprise.press\/stories\/2019\/05\/23\/what-were-tracking-on-23-may-2019\/\">it was subsequently recognized<\/a> as a top 20 global health innovation by UNAIDS.<\/p>\n<p><b>Having free time during the week always makes me feel like there is something work-related that I should be doing<\/b>, so I reserve my free time for the weekend when I know no one else is working. Fridays are for much-needed family time, and recently I\u2019ve also started hiking, which I find a great way to recharge in preparation for the upcoming week.<\/p>\n<p><b>How do I stay organized?<\/b> I use OneNote for my notes and Outlook\u2019s calendar to keep track of my appointments. Without these things, I would be hopeless.<\/p>\n<p><b>\u2018Nothing good came from a 9-5\u2019 is the best business advice I\u2019ve ever received. <\/b>The message I take from this maxim is not to get trapped in the mundane 9-5 cycle, but to work and think outside of conventional corporate structures whenever possible.<\/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\/healthcare\/\">healthcare<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/my-morning-routine\/\">MY MORNING ROUTINE<\/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=\"599446\" 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=\"599446\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">17<\/div>\r\n\r\n                    <p class=\"f-graphik\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/27\/the-market-yesterday-378\/\">\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\/27\/the-market-yesterday-378\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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CIB, the index heaviest constituent ended up 0.31%. EGX30\u2019s top performing constituents were Orascom Investment Holding up 9.96%, Qalaa Holdings up 9.40%, and Heliopolis Housing up 8.64%. Yesterday\u2019s worst performing stocks were Juhayna down 2.38%, and EKH down 2.05%. The market turnover was EGP 1,059 mn, and foreign investors were the sole net buyers.<\/p>\n<p><b>Foreigners<\/b>: Net long | EGP +134.6 mn<\/p>\n<p> <b>Regional<\/b>: Net short | EGP -17.0 mn<\/p>\n<p> <b>Domestic<\/b>: Net short | EGP -117.6 mn<\/p>\n<p><b>Retail<\/b>: 54.9% of total trades | 47.7% of buyers | 62.1% of sellers<\/p>\n<p> <b>Institutions<\/b>: 45.1% of total trades | 52.3% of buyers | 37.9% of sellers<\/p>\n<p><b>WTI:<\/b> USD 59.38 (+2.68%)<\/p>\n<p> <b>Brent:<\/b> USD 66.36 (+2.01%)<\/p>\n<p><b>Natural Gas<\/b> (Nymex, futures prices) USD 2.29 MMBtu, (-0.74%, July 2019 contract)<\/p>\n<p> <b>Gold:<\/b> USD 1,415.40 \/ troy ounce (-0.23%)<\/p>\n<p><b>TASI:<\/b> 8,687.08 (+0.43%) (YTD: +10.99%)<\/p>\n<p> <b>ADX:<\/b> 4,955.95 (-0.67%) (YTD: +0.83%)<\/p>\n<p> <b>DFM:<\/b> 2,622.64 (-0.03%) (YTD: +3.67%)<\/p>\n<p> <b>KSE Premier Market:<\/b> 6,344.30 (-0.58%)<\/p>\n<p> <b>QE:<\/b> 10,416.32 (-0.33%) (YTD: +1.14%)<\/p>\n<p> <b>MSM:<\/b> 3,877.50 (-0.34%) (YTD: -10.32%)<\/p>\n<p> <b>BB: <\/b>1,460.62 (-0.10%) (YTD: +9.22%)<\/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=\"599447\" 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\/27\/599447\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-599447\" class=\"content-area-description single-story post-599447 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>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>July: The National Railway Authority will launch a tender for the purchase of 100 new locomotives expected to be financed through <a href=\"https:\/\/almalnews.com\/%D8%A7%D9%84%D8%B3%D9%83%D8%A9-%D8%A7%D9%84%D8%AD%D8%AF%D9%8A%D8%AF-%D8%AA%D9%88%D9%82%D8%B9-%D8%A7%D9%84%D8%B9%D9%82%D9%88%D8%AF-%D8%A7%D9%84%D8%AA%D9%85%D9%88%D9%8A%D9%84%D9%8A%D8%A9-%D9%84%D8%B4\/\">an agreement<\/a> with the European Bank for Reconstruction and Development (EBRD).<\/p>\n<p>1-2 July (Monday-Tuesday): <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>2 July (Tuesday): <a href=\"https:\/\/www.amcham.org.eg\/login\/login.asp?ReturnUrl=%2Fcyberlink%2Fevents%2Fregister%2F1214\">AmCham monthly luncheon<\/a>, with Electricity Minister Mohamed Shaker.<\/p>\n<p>7 July (Wednesday) The <a href=\"https:\/\/almalnews.com\/7-%D9%8A%D9%88%D9%84%D9%8A%D9%88-%D9%86%D8%B8%D8%B1-%D8%AA%D8%B8%D9%84%D9%85-%D9%85%D8%B3%D8%A7%D9%87%D9%85%D9%8A-%D8%A3%D9%85%D8%B1%D9%8A%D9%83%D8%A7%D9%86%D8%A7-%D9%84%D8%AA%D8%AD\/\">FRA will hear an appeal<\/a> filed by Adeptio AD Investments, the lead shareholder of Egyptian International Tourism Projects Company\u2019s (Americana Egypt), against an order to submit an <a href=\"https:\/\/enterprise.press\/stories\/2019\/03\/17\/adeptio-challenges-egypts-fras-rejection-of-americana-mto-decision-appeal\/\">MTO for Americana<\/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>21 July (Sunday): Amer Group and Antaradous Touristic Development will face off in court over a 2014 dispute brought by the Syria-based company for a fallout in their partnership to develop the Porto Tartous tourist resort. The date was postponed from 23 June.<\/p>\n<p>23 July (Tuesday): 23 July revolution anniversary, national holiday.<\/p>\n<p>28 July-02 August (Sunday-Friday): <a href=\"https:\/\/fab15.fabevent.org\/index.html\">Fab15 Conference and Graduation Ceremony<\/a>, TU Berlin, El Gouna, Egypt.<\/p>\n<p>30-31 July (Tuesday-Wednesday): US Federal Open Market Committee will hold its two-day policy meeting to review the interest rate.<\/p>\n<p>August: Meetings of the Egyptian-Belarussian Committee for trade, economic, scientific and technical cooperation, Minsk.<\/p>\n<p>August: The National Railway Authority is <a href=\"https:\/\/almalnews.com\/%D8%A7%D9%84%D8%B3%D9%83%D8%A9-%D8%A7%D9%84%D8%AD%D8%AF%D9%8A%D8%AF-%D8%AA%D9%88%D9%82%D8%B9-%D8%A7%D9%84%D8%B9%D9%82%D9%88%D8%AF-%D8%A7%D9%84%D8%AA%D9%85%D9%88%D9%8A%D9%84%D9%8A%D8%A9-%D9%84%D8%B4\/\">expected to sign<\/a> a 15-year maintenance agreement for 1,300 railcars it had agreed to purchase from Russia\u2019s Transmashholding under a EGP 22 bn contract.<\/p>\n<p>03-04 August (Saturday-Sunday): <a href=\"https:\/\/fab15.fabevent.org\/index.html\">Fab15 Festival, Tours, and Conference Closing<\/a>, Greek Campus, Cairo.<\/p>\n<p>7-11 August (Wednesday-Sunday) Eid El Adha (TBC).<\/p>\n<p>22 August (Thursday): Central Bank of Egypt\u2019s monetary policy committee will meet to review interest rates.<\/p>\n<p>29 August (Thursday): Islamic New Year (TBC), national holiday.<\/p>\n<p>September: Cairo will host an Egypt-Hungary business forum, according to a <a href=\"https:\/\/ent.news\/2019\/6\/390.pdf\">Trade Ministry statement (pdf)<\/a><\/p>\n<p>2-4 September (Monday-Wednesday): <a href=\"https:\/\/www.thebig5constructegypt.com\/\">The Big 5 Construct Egypt<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>03-04 September (Tuesday-Wednesday): <a href=\"https:\/\/www.ssonetwork.com\/events-sharedservicesegypt\">Shared Services and Outsourcing Forum Middle East<\/a>, Nile Ritz Carlton, Cairo.<\/p>\n<p>8-11 September (Sunday-Wednesday): <a href=\"https:\/\/www.saharaexpo.com\/en\/home.html\">Sahara Expo<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>9-12 September (Monday-Thursday): The<a href=\"https:\/\/9londonconference.efghermes.com\/pages\/home.aspx\">9th Annual EFG Hermes London Conference<\/a>, Arsenal Emirates Stadium, London.<\/p>\n<p>17-18 September (Tuesday-Wednesday): US Federal Open Market Committee will hold its two-day policy meeting to review the interest rate.<\/p>\n<p>21 September (Saturday): Cairo\u2019s streets get really, really crowded as students at the nation\u2019s public schools go back to class.<\/p>\n<p>26 September (Thursday): Central Bank of Egypt\u2019s monetary policy committee will meet to review interest rates.<\/p>\n<p>October: <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1405897\">A forum<\/a> will be organized by Russia\u2019s Rosatom and the Nuclear Power Plants Authority to introduce local suppliers and contractors to the Dabaa nuclear plant.<\/p>\n<p>6 October (Sunday): Armed Forces Day, national holiday.<\/p>\n<p>10-13 October (Tuesday-Sunday): <a href=\"http:\/\/biwarabia.com\/en\/\">Big Industrial Week Arabia 2019<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>23-24 October (Wednesday-Thursday): <a href=\"http:\/\/platforms-root-technologies.com\/icec-2019\/\">Intelligent Cities Exhibition & Conference<\/a>, Hilton Heliopolis, Cairo.<\/p>\n<p>23 October-1 November (Wednesday-Friday): CIB PSA Women\u2019s World Championship, Great Pyramid of Giza, Cairo.<\/p>\n<p>24 October (Thursday): <a href=\"http:\/\/en.kremlin.ru\/events\/president\/news\/60592\">Russia-Africa Summit<\/a> to take place in Sochi, co-chaired by Vladimir Putin and President Abdel Fattah El Sisi.<\/p>\n<p>28 October-22 November (Monday-Friday): <a href=\"https:\/\/www.itu.int\/en\/ITU-R\/conferences\/wrc\/2019\/Pages\/default.aspx\">World Radiocommunication Conference 2019<\/a>, Sharm El Sheikh, Egypt.<\/p>\n<p>29-30 October (Tuesday-Wednesday): US Federal Open Market Committee will hold its two-day policy meeting to review the interest rate.<\/p>\n<p>31 October-2 November (Thursday-Saturday): Angel Oasis 2019, organized by the <a href=\"http:\/\/www.mainmena.com\/\">Middle East Angel Investment Network (MAIN)<\/a>, El Gouna, Egypt.<\/p>\n<p>3-5 November (Sunday-Tuesday): <a href=\"https:\/\/www.electricxegypt.com\/en\/Homepage.html\">Electrix 2019<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>9 November (Saturday): Prophet Mohammed's birthday, national holiday.<\/p>\n<p>10-14 November (Sunday-Thursday): <a href=\"https:\/\/geomeast.org\/\">GeoMEast International Congress and Exhibition<\/a>, Marriott, Cairo.<\/p>\n<p>14-17 November (Thursday-Sunday): <a href=\"http:\/\/www.mactech.com.eg\/\">Machtech Expo<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>14-17 November (Thursday-Sunday): <a href=\"http:\/\/www.transpotech-eg.com\/\">Transpotech Expo<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>14-17 November (Thursday-Sunday): <a href=\"http:\/\/www.airtech-eg.com\/\">Airtech Expo<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>November: Suez Canal Conference for Investment, organized in cooperation with the <a href=\"https:\/\/www.youm7.com\/story\/2019\/5\/21\/%D8%B3%D9%81%D9%8A%D8%B1-%D8%A7%D9%84%D8%A7%D8%AA%D8%AD%D8%A7%D8%AF-%D8%A7%D9%84%D8%A3%D9%88%D8%B1%D9%88%D8%A8%D9%89-%D9%86%D9%86%D8%B8%D9%85-%D9%85%D8%B9-%D9%85%D8%B5%D8%B1-%D9%85%D8%A4%D8%AA%D9%85%D8%B1-%D9%82%D9%86%D8%A7%D8%A9-%D8%A7%D9%84%D8%B3%D9%88%D9%8A%D8%B3-%D9%84%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1\/4251626\">European Union<\/a><\/p>\n<p>December: Egypt <a href=\"https:\/\/www.almalnews.com\/Story\/402348\/14\/-%D9%85%D8%B5%D8%B1-%D8%AA%D8%B3%D8%AA%D8%B6%D9%8A%D9%81-%D9%85%D8%B9%D8%B1%D8%B6--%D8%A8%D8%A7%D9%83-%D8%A8%D8%B1%D9%88%D8%B3%D9%8A%D8%B3--%D8%A7%D9%84%D8%B9%D8%A7%D9%85-%D8%A7%D9%84%D9%85%D9%82%D8%A8%D9%84-\">will host for the first time<\/a> the Pack Process trade expo for the Middle East and African region.<\/p>\n<p>3-6 December (Tuesday-Friday): <a href=\"http:\/\/www.cairowoodshow.com\/\">Cairo WoodShow<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>9-11 December (Monday-Wednesday): <a href=\"http:\/\/www.pacprocess-mea.com\/\">Pacprocess Middle East Africa<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>9-11 December (Monday-Wednesday): <a href=\"http:\/\/www.foodafrica-expo.com\/\">Food Africa 2019 Expo<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>10-11 December (Tuesday-Wednesday): US Federal Open Market Committee will hold its two-day policy meeting to review the interest rate.<\/p>\n<p>26 December (Thursday): Central Bank of Egypt\u2019s monetary policy committee will meet to review interest rates.<\/p>\n<p>9-12 January 2020 (Tuesday-Sunday): <a href=\"http:\/\/www.plastex-online.com\/\">PLASTEX<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>25 January 2020 (Saturday): 25 January revolution anniversary \/ Police Day, national holiday.<\/p>\n<p>25 January 2020 (Saturday): Midterm break for public schools and universities. Also known as: Two weeks of good commute.<\/p>\n<p>8 February (Saturday): Midterm break ends. Traffic in Cairo stinks once more.<\/p>\n<p>11-13 February 2020 (Tuesday-Thursday): <a href=\"https:\/\/www.egyps.com\/\">Egypt Petroleum Show<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>25-26 March (Wednesday-Thursday): <a href=\"http:\/\/www.megaprojectsconf.com\/\">Mega Projects Conference<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n\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":599411,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-599410","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"2ac85504-247a-459f-a890-e697f6dfa59d","teaser":"","photo_url":"https:\/\/ent.news\/2018\/1\/113.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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