{"id":600188,"date":"2019-01-22T04:13:24","date_gmt":"2019-01-22T04:13:24","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=600188"},"modified":"2025-12-16T21:29:07","modified_gmt":"2025-12-16T21:29:07","slug":"the-imf-downgrades-its-outlook-on-global-growth-again","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/the-imf-downgrades-its-outlook-on-global-growth-again\/","title":{"rendered":"The IMF downgrades its outlook on global growth \u2014 again"},"content":{"rendered":"<section id=\"600190\" 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=\"600190\">\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\/01\/22\/what-were-tracking-on-21-january-2019-2\/\">\r\n                            What we\u2019re tracking on 21 January 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\/01\/22\/what-were-tracking-on-21-january-2019-2\/\" 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 theme: \u201cGlobalization 4.0: Shaping global architecture in the age of the fourth industrial revolution.\u201d Yeah, yeah, we know. But still\u2026 Links you may want to consider: <a href=\"https:\/\/www.weforum.org\/events\/world-economic-forum-annual-meeting\">the agenda<\/a> | <a href=\"https:\/\/www.weforum.org\/events\/world-economic-forum-annual-meeting\">live broadcast<\/a> of select sessions | the <a href=\"https:\/\/www.weforum.org\/agenda\">WEF\u2019s blog<\/a>.<\/p><p><b>Why you should care: <\/b>Mock it as we may for being winter camp for the chattering class, the gathering helps set the mood for the year on the global economy. And it takes on new importance in a year like this, when the question about both the global economy and financial markets boils down to the same thing: Is 2019 going to be \u201cokay\u201d or a \u201cdisaster\u201d?<\/p><p><b>Finance Minister Mohamed Maait boarded a plane yesterday to Davos<\/b>, <a href=\"http:\/\/www.mof.gov.eg\/Arabic\/MOFNews\/Press\/Pages\/news21-1-2019-1.aspx\">according to a ministry statement<\/a>. Maait, who is on a perpetual roadshow to drum up interest in Egyptian debt, will push the nation\u2019s reform story and talk about new \u201csovereign financing models.\u201d<\/p><hr class=\"grey-line\"><p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <b>Just in time for Davos, the IMF has revised downward its forecast for global growth for the second time in three months<\/b> in <a href=\"https:\/\/www.imf.org\/en\/Publications\/WEO\/Issues\/2019\/01\/11\/weo-update-january-2019\">an update to its World Economic Outlook<\/a>. It blamed weakening demand in Europe and negative sentiment in the financial markets. The fund now projects global economic growth will top out at 3.5% in 2019, the slowest rate in three years.<\/p><p><b>It\u2019s the same story for emerging markets: <\/b>The latest outlook forecasts EM growth of 4.5% over the next 12 months, falling slightly below the 4.7% and 4.6% GDP estimates for 2017 and 2018, respectively. It notes that conditions have \u201ctightened modestly\u201d since October on the back of increasing tariffs, rising US interest rates and volatility in the oil markets.<\/p><p><b>MENA+ will grow just 2.4% in 2019: <\/b>The forecast for MENA countries, Afghanistan and Pakistan has followed suit, with the IMF now projecting 2.4% growth in 2019, down from the previous forecast of 2.7%. By contrast, every forecast we\u2019ve seen forecasts Egypt to grow north of 5% this year.<\/p><p><b>Buckle up<\/b>: Speaking ahead of the Davos summit, IMF Managing Director <b>Christine Lagarde<\/b> warned of \u201csignificantly higher risks\u201d in the months ahead as trade tensions and worries in the financial markets weigh on the global economy.<b> \u201cThe risk of a sharper decline in global growth has certainly has increased,\u201d<\/b> she said, stopping short of recession-talk. Watch her statement here (<a href=\"https:\/\/www.bloomberg.com\/news\/videos\/2019-01-21\/imf-s-lagarde-says-economy-faces-significantly-higher-risks-video\">watch, runtime: 3:03<\/a>).<\/p><p><b>The IMF\u2019s downbeat note hit US and EU shares yesterday<\/b>, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-01-20\/asian-stocks-to-advance-as-global-rally-builds-markets-wrap?srnd=premium-middle-east\">Bloomberg said<\/a>. The news \u201cmerely cemented an already downbeat mood,\u201d the newspaper notes. Asian and US futures suggest <a href=\"https:\/\/www.reuters.com\/article\/us-global-markets\/asian-shares-u-s-stock-futures-slip-as-growth-worries-loom-idUSKCN1PG013?il=0\">lower opens for global markets today<\/a>. Together with the news that Chinese growth had slipped, the IMF\u2019s warning has sent investors <a href=\"https:\/\/www.reuters.com\/article\/us-global-forex\/dollar-steady-global-growth-concerns-support-safe-havens-idUSKCN1PG01T?il=0\">piling into the USD and other safe-haven currencies<\/a>.<\/p><p><b>The IMF\u2019s warning is front-page news in the global business press <\/b>this morning: <a href=\"https:\/\/www.cnbc.com\/2019\/01\/21\/imf--cuts-global-growth-outlook-2019-2020.html\">CNBC<\/a> | <a href=\"https:\/\/www.ft.com\/content\/d0413d18-1d72-11e9-b126-46fc3ad87c65\">FT<\/a> | <a href=\"https:\/\/www.wsj.com\/articles\/imf-lowers-2019-global-growth-forecast-11548075601?tesla=y&amp;mod=article_inline\">WSJ<\/a> | <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-01-21\/imf-ceos-warn-of-slowing-world-economy-on-eve-of-davos-summit\">Bloomberg<\/a> | <a href=\"https:\/\/www.reuters.com\/article\/us-davos-meeting-centralbanks-analysis\/as-outlook-darkens-central-banks-think-hard-about-their-language-idUSKCN1PF1ME\">Reuters<\/a>.<\/p><p><b>The mood on global economic growth in one image:<\/b><\/p><p class=\"web-image\"><a href=\"https:\/\/www.reuters.com\/article\/us-davos-meeting-centralbanks-analysis\/as-outlook-darkens-central-banks-think-hard-about-their-language-idUSKCN1PF1ME\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/1\/134.jpeg?ssl=1\"><\/a><\/p><p><b>And in non-Davos miscellany this morning:<\/b><\/p><ul>\n<li><b>Financial inclusion is creating investment opportunities in emerging markets<\/b>, the head of emerging markets strategy at Jupiter writes in an op-ed for the UK\u2019s <a href=\"https:\/\/www.investmentweek.co.uk\/investment-week\/sponsored\/3069276\/how-rising-financial-inclusion-became-one-of-the-biggest-investment-opportunities-in-emerging-markets\">Investment Week<\/a>. Improved infrastructure, communications and technology are also creating opportunities in EM, he says.<\/li>\n<li><b>Brent crude is heading toward USD 65-70 \/ bbl<\/b>, BNP Paribas\u2019 head of commodity markets strategy told Bloomberg (<b><a href=\"https:\/\/www.bloomberg.com\/news\/videos\/2019-01-21\/brent-crude-to-climb-as-high-as-70-a-barrel-bnp-paribas-says-video\">watch, runtime: 2:51<\/a><\/b>).<\/li>\n<li><b>Hundreds gathered in Sudan\u2019s Omdurman yesterday<\/b> to express anger over the latest deaths in earlier clashes with security forces. Protesters are reacting to a deep economic crisis, <b><a href=\"https:\/\/www.reuters.com\/article\/us-sudan-protests\/hundreds-protest-demonstrators-death-in-sudan-witnesses-idUSKCN1PF24O\">Reuters reports<\/a><\/b>. <\/li>\n<li><b>Qatar has thrown Lebanon a lifeline <\/b>by pledging to buy USD 500 mn worth of Lebanese sovereign debt, <b><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-01-21\/qatar-plans-to-buy-500-million-of-lebanon-government-bonds\">Bloomberg reports<\/a><\/b>. \u201cIt\u2019s a show of support but it won\u2019t be enough to address the challenges the country faces,\u2019\u2019 said Mohieddine Kronfol from Franklin Templeton Investments.<\/li>\n<\/ul><p><b>You\u2019re going to have to be selective about which pals you send your favorite meme this morning: <\/b>As of today, you can\u2019t forward a WhatsApp message to more than five people, down from a previous limit of 20 people. The move is part of WhatsApp\u2019s bid to clamp down on use of the platform to spread \u201cmisinformation and rumors,\u201d <a href=\"https:\/\/www.reuters.com\/article\/us-facebook-whatsapp\/facebooks-whatsapp-limits-text-forwards-to-five-recipients-to-curb-rumors-idUSKCN1PF0TP\">Reuters reports<\/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\/davos\/\">Davos<\/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\/energy\/\">energy<\/a>\n            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0l-22.667-22.667c-9.357-9.357-9.375-24.522-.04-33.901L188.505 256 34.484 101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg><\/button><\/div><\/div><div class=\"stk-block-carousel__dots\" role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"600192\" 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=\"600192\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/books-garlic-and-whatsapp-kept-talking-heads-busy-last-night\/\">\r\n                            Books, garlic and WhatsApp kept talking heads busy last night                        <\/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\/01\/22\/books-garlic-and-whatsapp-kept-talking-heads-busy-last-night\/\" 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\/01\/22\/books-garlic-and-whatsapp-kept-talking-heads-busy-last-night\/')\">\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\/01\/22\/books-garlic-and-whatsapp-kept-talking-heads-busy-last-night\/\">\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=Books, garlic and WhatsApp kept talking heads busy last night&url=https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/books-garlic-and-whatsapp-kept-talking-heads-busy-last-night\/\">\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\/01\/22\/books-garlic-and-whatsapp-kept-talking-heads-busy-last-night\/&title=Books, garlic and WhatsApp kept talking heads busy last night\">\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=Books%2C+garlic+and+WhatsApp+kept+talking+heads+busy+last+night+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F01%2F22%2Fbooks-garlic-and-whatsapp-kept-talking-heads-busy-last-night%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\/01\/22\/books-garlic-and-whatsapp-kept-talking-heads-busy-last-night\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-600192\" class=\"content-area-description single-story post-600192 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-commodities tag-culture tag-enterprise-last-nights-talk-shows tag-enterpriseam tag-technology wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>The Cairo International Book Fair, WhatsApp, and garlic<\/b> were among the topics keeping the talking heads busy last night.<\/p>\n<p><b>President Abdel Fattah El Sisi will inaugurate today the Cairo International Book Fair<\/b>, which will run for 13 days, General Authority for Books Haitham El Hag boss told Al Hayah Al Youm\u2019s Lobna Assal <a href=\"https:\/\/www.youtube.com\/watch?v=2sD5x2bhyts\">(watch, runtime: 07:13)<\/a>. <b>The fair will be open to the public starting Thursday<\/b> (from 10 am to 8 pm), with entrance fees set at EGP 3.<\/p>\n<p><b>This year\u2019s edition will be the first in Egypt\u2019s history to meet international standards<\/b>, Culture Minister Enas Abdel Dayem told El Hekaya\u2019s Amr Adib. The Armed Forces will be providing low-cost transportation from the book fair\u2019s previous home in Nasr City to its new location in New Cairo, Adib noted <a href=\"https:\/\/www.youtube.com\/watch?v=ozkwTbm76yM\">(watch, runtime: 07:53)<\/a>.<\/p>\n<p><b>Davos also came up on the airwaves<\/b>, with Rep. Passant Fahmy saying on Al Hayah Al Youm that it is essential for Egypt to participate in the economic forum to present its recent economic achievements <a href=\"https:\/\/www.youtube.com\/watch?v=4Isr-hTV8dU\">(watch, runtime: 03:04)<\/a>.<\/p>\n<p><b>Security forces continued yesterday removing illegally-built property in Giza<\/b> for the fourth day, governorate spokesman Alaa Badran said on Al Hayah Al Youm. Four illegal buildings were torn down yesterday amid protests from residents <a href=\"https:\/\/www.youtube.com\/watch?v=61Mn6htcqJU\">(watch, runtime: 06:55)<\/a>.<\/p>\n<p>The Higher Education Ministry has ordered that <b>EGP 10 be collected from every student for a fund to honor victims of terrorist attacks and their families<\/b>, host Khaled Abu Bakr highlighted on Al Hayah Al Youm <a href=\"https:\/\/www.youtube.com\/watch?v=gZWyqmCvu6c\">(watch, runtime: 02:31)<\/a>.<\/p>\n<p>A Cabinet report has <b>denied rumors that the government will be taking out some EGP 35 bn from public funds to build the new capital\u2019s government district<\/b> <a href=\"https:\/\/www.youtube.com\/watch?v=EimE_6D-NMk\">(watch, runtime: 01:55)<\/a>.<\/p>\n<p><b>WhatsApp\u2019s decision to allow its users to forward messages to a maximum of five people<\/b> to avoid the spread of rumors also earned some airtime on Hona Al Asema <a href=\"https:\/\/www.youtube.com\/watch?v=ff6day8HMIs\">(watch, runtime: 10:08)<\/a> and El Hekaya <a href=\"https:\/\/www.youtube.com\/watch?v=wU4UYfaD04k\">(watch, runtime: 01:39)<\/a>.<\/p>\n<p><b>Rejoice, for you may now eat all the domestic garlic you crave <\/b>(just as long as you brush your teeth afterwards for the sake of everyone around you) because Agriculture Ministry Spokesman Hamed Abdel Dayem has denied rumors that the locally grown stuff contains toxic lead <a href=\"https:\/\/www.youtube.com\/watch?v=yhXnAXOEdKk\">(watch, runtime: 02:31)<\/a>. <b>If we hadn\u2019t banned koshary from our offices<\/b>, we would order a feed of the smelly stuff to celebrate the news.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/commodities\/\">commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/culture\/\">culture<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/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=\"600193\" 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=\"600193\">\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\/01\/22\/mena-banks-are-in-for-another-difficult-year\/\">\r\n                            MENA banks are in for another difficult year                        <\/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\/01\/22\/mena-banks-are-in-for-another-difficult-year\/\" 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\/01\/22\/mena-banks-are-in-for-another-difficult-year\/')\">\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\/01\/22\/mena-banks-are-in-for-another-difficult-year\/\">\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=MENA banks are in for another difficult year&url=https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/mena-banks-are-in-for-another-difficult-year\/\">\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\/01\/22\/mena-banks-are-in-for-another-difficult-year\/&title=MENA banks are in for another difficult year\">\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=MENA+banks+are+in+for+another+difficult+year+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F01%2F22%2Fmena-banks-are-in-for-another-difficult-year%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\/01\/22\/mena-banks-are-in-for-another-difficult-year\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-600193\" class=\"content-area-description single-story post-600193 post type-post status-publish format-standard hentry category-speed-round tag-banking tag-debt tag-economy tag-enterpriseam tag-menat tag-sp tag-speed-round wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <b>S&P expects Egyptian banks to lead the wider MENA region in loan growth this year <\/b>despite sky-high interest rates. The ratings agency says Egyptian lenders will lead the Middle East, North Africa and Turkey (MENAT) region in 2019 with growth as high as 17% (admittedly from a low base). That far outstrips the regional average of 7-8%, which is dragged down in part because Turkey is projected to deliver 0% loan growth, S&P said in its MENAT Overcast 2019 Outlook report. <b>Egypt also looks set to deliver the highest return on government debt<\/b>, with investors benefiting from higher bond yields, the report notes.<\/p>\n<p><b>Overall, it\u2019s not looking good for regional banks:<\/b> The regional picture is even worse when you factor in inflation, the ratings agency writes. \u201cWe consider these figures, if adjusted for inflation, as insufficient to cope with the region's economic development needs in the Middle East, North Africa, and Turkey.\u201d Furthermore, \u201cweak asset quality will continue to weigh on our view of the credit quality of banks in the region, particularly those in Turkey,\u201d the report says. It sees the return on assets for the MENAT region averaging an anemic 1.2%.<\/p>\n<p><b>Additional downside risks: <\/b>Political instability and over-reliance on \u201cvolatile wholesale external funding,\u201d S&P notes.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/menat\/\">MENAT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sp\/\">S&amp;P<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/speed-round\/\">SPEED ROUND<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"600204\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"600205\" 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=\"600205\">\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\">Up Next<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/what-were-tracking-this-week-and-beyond-10\/\">\r\n                            What we\u2019re tracking this week and beyond                        <\/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\/01\/22\/what-were-tracking-this-week-and-beyond-10\/\" 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\/01\/22\/what-were-tracking-this-week-and-beyond-10\/')\">\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\/01\/22\/what-were-tracking-this-week-and-beyond-10\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=What we\u2019re tracking this week and beyond&url=https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/what-were-tracking-this-week-and-beyond-10\/\">\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\/01\/22\/what-were-tracking-this-week-and-beyond-10\/&title=What we\u2019re tracking this week and beyond\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=What+we%E2%80%99re+tracking+this+week+and+beyond+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F01%2F22%2Fwhat-were-tracking-this-week-and-beyond-10%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\/01\/22\/what-were-tracking-this-week-and-beyond-10\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-600205\" class=\"content-area-description single-story post-600205 post type-post status-publish format-standard hentry category-up-next tag-enterpriseam tag-finance tag-technology tag-up-next wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>FinMin to select adviser on eurobond issuance on Thursday:<\/b> The Finance Ministry will select this Thursday the investment banks that will advise on its upcoming USD 4-7 bn eurobond issuance, set to take place sometime in 1Q2019, <a href=\"https:\/\/alborsaanews.com\/2019\/01\/16\/1170019\">local news reports<\/a>.<\/p>\n<p><b>Egypt will be hosting the Banking Technology North Africa Week conference<\/b> on 28-29 January at the Nile Ritz Carlton in Cairo, <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/3\/12\/322068\/Business\/Economy\/Egypt-to-host-Banking-Tech-North-Africa-Week-on--J.aspx\">Ahram Online reports<\/a>. The conference wants to showcase \u201cinnovative and cost-effective digital banking services,\u201d to expand access to banking services and to retain existing customers.<\/p>\n<p><b>The <\/b><a href=\"https:\/\/www.consilium.europa.eu\/en\/meetings\/international-summit\/2019\/02\/24-25\/\"><b>EU-Arab League summit<\/b><\/a><b> will be held in Sharm El-Sheikh <\/b>on February 24-25. Migration will be topping the agenda, as EU leaders look to agree on a pact with Mediterranean countries to tackle illegal migration into southern Europe. However, some EU diplomats are not so hot on this summit, <a href=\"https:\/\/www.apnews.com\/ac2faced07aa4972881c2765cf70ff5f\">AP reports<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/finance\/\">Finance<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/up-next\/\">Up Next<\/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=\"600206\" 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=\"600206\">\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\/01\/22\/drive-to-paint-egypts-red-brick-building-to-follow-color-scheme-set-by-region\/\">\r\n                            Drive to paint Egypt\u2019s red-brick building to follow color scheme set by region                        <\/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\/01\/22\/drive-to-paint-egypts-red-brick-building-to-follow-color-scheme-set-by-region\/\" 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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Expect the story to have legs for a few days yet.<\/p>\n<p><b>Neo-colonialism at its best:<\/b> Some museums in the UK are benefiting from peddling Ancient Egypt artifacts taken during the Victorian era \u2014 the practice could be key to keeping alive cultural institutions in former industrial towns the north of England, according to a feel-good piece from <a href=\"https:\/\/www.theguardian.com\/commentisfree\/2019\/jan\/21\/lure-ancient-egypt-revitalise-industrial-towns-mummies\">The Guardian<\/a>. The left-leaning paper fails to call it like it is: neo-colonialism. You\u2019re welcome, UK. How about sending us some tourists on direct flights to Sharm in return?<\/p>\n<p><b>Other headlines worth a read include:<\/b><\/p>\n<ul>\n<li><b>Cooperation between Egypt and China is set to increase<\/b> as development in the China-Egypt Suez Economic and Trade Cooperation Zone 120 km to the east of Cairo ploughs on, according to <a href=\"http:\/\/en.ce.cn\/main\/latest\/201901\/21\/t20190121_31310220.shtml\">China Economic Net<\/a>. <\/li>\n<li><b>Police arrested 24 people<\/b> who tried to prevent the demolition by the authorities of illegal buildings near the Giza pyramids, the <a href=\"https:\/\/abcnews.go.com\/International\/wireStory\/egypt-arrests-24-demolition-protests-pyramids-60523795\">Associated Press<\/a> reports.<\/li>\n<li><b>A directive to paint Egypt\u2019s red-brick buildings<\/b> to reduce \u201cvisual deformity\u201d is getting attention from the <a href=\"https:\/\/www.theguardian.com\/world\/2019\/jan\/21\/egypt-presidential-decree-buildings-unified-colour-scheme\">Guardian<\/a>\u2019s Ruth Michaelson. <\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-in-the-news\/\">Egypt in the News<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gender\/\">gender<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"600207\" 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=\"600207\">\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\/01\/22\/el-sisis-inauguration-of-book-fair-dominates-front-pages-of-egypts-main-dailies\/\">\r\n                            El Sisi\u2019s inauguration of book fair dominates front pages of Egypt\u2019s main dailies                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/el-sisis-inauguration-of-book-fair-dominates-front-pages-of-egypts-main-dailies\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/el-sisis-inauguration-of-book-fair-dominates-front-pages-of-egypts-main-dailies\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/el-sisis-inauguration-of-book-fair-dominates-front-pages-of-egypts-main-dailies\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=El Sisi\u2019s inauguration of book fair dominates front pages of Egypt\u2019s main dailies&url=https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/el-sisis-inauguration-of-book-fair-dominates-front-pages-of-egypts-main-dailies\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/el-sisis-inauguration-of-book-fair-dominates-front-pages-of-egypts-main-dailies\/&title=El Sisi\u2019s inauguration of book fair dominates front pages of Egypt\u2019s main dailies\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=El+Sisi%E2%80%99s+inauguration+of+book+fair+dominates+front+pages+of+Egypt%E2%80%99s+main+dailies+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F01%2F22%2Fel-sisis-inauguration-of-book-fair-dominates-front-pages-of-egypts-main-dailies%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/el-sisis-inauguration-of-book-fair-dominates-front-pages-of-egypts-main-dailies\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-600207\" class=\"content-area-description single-story post-600207 post type-post status-publish format-standard hentry category-on-the-front-pages tag-culture tag-enterpriseam tag-on-the-front-pages tag-state-budget wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>President Abdel Fattah El Sisi\u2019s inauguration of the Cairo International Book Fair <\/b>is at the forefront of state-owned <a href=\"http:\/\/www.ahram.org.eg\/News\/202900\/25\/692485\/%D8%A7%D9%84%D8%A3%D9%88%D9%84%D9%89\/%D8%A7%D9%84%D8%B3%D9%8A%D8%B3%D9%89-%D9%8A%D9%81%D8%AA%D8%AA%D8%AD-%D8%A7%D9%84%D9%8A%D9%88%D9%85-%D8%AF%D9%88%D8%B1%D8%A9-%D8%A7%D9%84%D9%8A%D9%88%D8%A8%D9%8A%D9%84-%D8%A7%D9%84%D8%B0%D9%87%D8%A8%D9%89-%D9%84%D9%85%D8%B9%D8%B1%D8%B6--%D8%A7%D9%84%D9%83%D8%AA.aspx\">Al Ahram<\/a> this morning. Ittihadiya Spokesman Bassam Rady said the president\u2019s participation in the fair reflects the state\u2019s keenness to spread culture and awareness, the newspaper noted. <a href=\"https:\/\/www.pressreader.com\/egypt\/al-akhbar\">Al Akhbar<\/a>, meanwhile, took note of the state budget\u2019s performance during 1H2018-19, which Finance Minister Mohamed Maait presented to El Sisi <a href=\"https:\/\/enterprise.press\/stories\/2019\/01\/21\/egypts-budget-deficit-shrinks-to-3-6-from-4-2-in-1h2018-19\/\">earlier this week<\/a>. <a href=\"http:\/\/www.algomhuria.net.eg\/algomhuria\/today\/pdf-big\/\">Al Gomhuria<\/a> had not updated its online front page by the time of dispatch.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/culture\/\">culture<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/on-the-front-pages\/\">On The Front Pages<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/state-budget\/\">state budget<\/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=\"600208\" 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=\"600208\">\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\">Worth reading<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/digital-detoxes-are-all-the-rage-how-behavioral-economics-can-help\/\">\r\n                            Digital detoxes are all the rage, how behavioral economics can help                        <\/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\/01\/22\/digital-detoxes-are-all-the-rage-how-behavioral-economics-can-help\/\" 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\/01\/22\/digital-detoxes-are-all-the-rage-how-behavioral-economics-can-help\/')\">\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\/01\/22\/digital-detoxes-are-all-the-rage-how-behavioral-economics-can-help\/\">\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=Digital detoxes are all the rage, how behavioral economics can help&url=https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/digital-detoxes-are-all-the-rage-how-behavioral-economics-can-help\/\">\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\/01\/22\/digital-detoxes-are-all-the-rage-how-behavioral-economics-can-help\/&title=Digital detoxes are all the rage, how behavioral economics can help\">\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=Digital+detoxes+are+all+the+rage%2C+how+behavioral+economics+can+help+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F01%2F22%2Fdigital-detoxes-are-all-the-rage-how-behavioral-economics-can-help%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\/01\/22\/digital-detoxes-are-all-the-rage-how-behavioral-economics-can-help\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/1\/928.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"600209\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/digital-detoxes-are-all-the-rage-how-behavioral-economics-can-help\/928-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/1\/928.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"928.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/1\/928.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/1\/928.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-600208\" class=\"content-area-description single-story post-600208 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-reading tag-enterpriseam tag-health tag-psychology tag-social-media tag-technology tag-worth-reading wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <b>Let behavioral economics help you kick that monkey in your pocket:<\/b> Digital detoxes are all the rage. But like their controversial non-tech counterparts, they\u2019ve gained a reputation for being <a href=\"https:\/\/www.businessinsider.com\/why-detox-diets-juice-cleanses-dont-work-2015-1\">unattainable<\/a> and perhaps even undesirable for anyone with a busy life. We can\u2019t afford to spend all day meditating in the desert and drinking kale juice, after all. So <a href=\"http:\/\/timharford.com\/\">Tim Harford<\/a>\u2019s <a href=\"https:\/\/www.ft.com\/content\/e82e5136-1921-11e9-b93e-f4351a53f1c3\">long read in the FT<\/a> is refreshingly clear-sighted in its aims: \u201cto deploy everything I knew about economic theory and behavioral science, along with a few hard-won practical discoveries, to <b>rebuild my relationship with the digital world from scratch<\/b>.\u201d He breaks down why our relationship with our smartphones is often so problematic and how we can reconfigure it without doing anything as extreme as going cold turkey.<\/p>\n<p><b>It helps when understanding the roots of our phone addiction:<\/b> The \u201cendowment effect,\u201d a term coined by <a href=\"https:\/\/www.nobelprize.org\/prizes\/economic-sciences\/2017\/thaler\/lecture\/\">Richard Thaler<\/a>, posits that we place more value in things we own because we own them (we like our apps and social media); relinquishing them is hard). But the principles of opportunity cost dictate that everything we do is an implicit choice not to do something else (so those hours devoted to Twitter are not just empty time, but constitute a decision <i>not<\/i> to do something we might actually enjoy more).<\/p>\n<p><b>\u2026and why a notification is like a high: <\/b>A hard-won discovery in behavioral psychology, as made by <a href=\"https:\/\/psychology.fas.harvard.edu\/people\/b-f-skinner\">BF Skinner<\/a>, teaches us that the \u201cintermittent reinforcement\u201d of sometimes getting a reward (and sometimes not) is actually a greater motivator than knowing for certain that your reward is coming \u2014hence the compulsion to repeatedly check Facebook in the hope of having some fresh likes and <a href=\"https:\/\/www.theguardian.com\/technology\/2018\/mar\/04\/has-dopamine-got-us-hooked-on-tech-facebook-apps-addiction\">the little dopamine kick<\/a>they offer.<\/p>\n<p><b>Back to basics: <\/b>Harford recommends weaning off digital habits by substituting some of them with other activities and observing the concrete difference this makes in his health, mood and personal relationships.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/health\/\">health<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/psychology\/\">psychology<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/social-media\/\">social media<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/worth-reading\/\">worth reading<\/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=\"600210\" 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=\"600210\">\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\">Worth watching<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/what-are-leveraged-loans-and-why-do-they-have-financial-policymakers-worried\/\">\r\n                            What are leveraged loans and why do they have financial policymakers worried?                        <\/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\/01\/22\/what-are-leveraged-loans-and-why-do-they-have-financial-policymakers-worried\/\" 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\/01\/22\/what-are-leveraged-loans-and-why-do-they-have-financial-policymakers-worried\/')\">\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\/01\/22\/what-are-leveraged-loans-and-why-do-they-have-financial-policymakers-worried\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=What are leveraged loans and why do they have financial policymakers worried?&url=https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/what-are-leveraged-loans-and-why-do-they-have-financial-policymakers-worried\/\">\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\/01\/22\/what-are-leveraged-loans-and-why-do-they-have-financial-policymakers-worried\/&title=What are leveraged loans and why do they have financial policymakers worried?\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=What+are+leveraged+loans+and+why+do+they+have+financial+policymakers+worried%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F01%2F22%2Fwhat-are-leveraged-loans-and-why-do-they-have-financial-policymakers-worried%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\/01\/22\/what-are-leveraged-loans-and-why-do-they-have-financial-policymakers-worried\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/1\/89.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"600211\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/what-are-leveraged-loans-and-why-do-they-have-financial-policymakers-worried\/89-jpg-22\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/1\/89.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"89.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/1\/89.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/1\/89.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-600210\" class=\"content-area-description single-story post-600210 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-watching tag-capital-markets tag-economy tag-enterpriseam tag-finance tag-imf tag-worth-watching wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>What are leveraged loans and why do they have financial policy makers worried?<\/b> Among the trends that followed the 2008 financial crisis was the high level of interest from investors in buying leveraged loans \u2014 loans to poorly-rated, high-risk companies. This was in part because of the reduction in bond yields, but also because the interest rates on leveraged loans fluctuate along with other short-term interest rates, instead of being fixed like bonds.<\/p>\n<p><b>Go for leveraged loans at your own risk: <\/b>At over USD 1 tn, the loan market is now higher than high-yield bond market. But though they offer undeniable benefits, including greater flexibility for companies and the potential of huge returns for investors, the flip side is that many traditional investor protections have been abandoned, meaning that if these companies fail, the potential systemic economic risk is high.<\/p>\n<p>This FT video breaks down <b>why the IMF, the Fed and the Bank for International Settlements are amongst a cohort of policymakers sounding the warning bell<\/b> on leveraged loans (<a href=\"https:\/\/www.ft.com\/video\/2289e2a2-bb15-49b5-8e1d-6e70fe3a2592?playlist-name=editors-picks&playlist-offset=0\">watch, runtime 2:39<\/a>).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/capital-markets\/\">capital markets<\/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\/finance\/\">Finance<\/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\/worth-watching\/\">worth watching<\/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=\"600212\" 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=\"600212\">\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\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/is-egypt-slipping-back-to-the-gccs-radar-for-sub-standard-produce\/\">\r\n                            Is Egypt slipping back to the GCC\u2019s radar for sub-standard produce?                        <\/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\/01\/22\/is-egypt-slipping-back-to-the-gccs-radar-for-sub-standard-produce\/\" 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\/01\/22\/is-egypt-slipping-back-to-the-gccs-radar-for-sub-standard-produce\/')\">\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\/01\/22\/is-egypt-slipping-back-to-the-gccs-radar-for-sub-standard-produce\/\">\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=Is Egypt slipping back to the GCC\u2019s radar for sub-standard produce?&url=https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/is-egypt-slipping-back-to-the-gccs-radar-for-sub-standard-produce\/\">\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\/01\/22\/is-egypt-slipping-back-to-the-gccs-radar-for-sub-standard-produce\/&title=Is Egypt slipping back to the GCC\u2019s radar for sub-standard produce?\">\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=Is+Egypt+slipping+back+to+the+GCC%E2%80%99s+radar+for+sub-standard+produce%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F01%2F22%2Fis-egypt-slipping-back-to-the-gccs-radar-for-sub-standard-produce%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\/01\/22\/is-egypt-slipping-back-to-the-gccs-radar-for-sub-standard-produce\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-600212\" class=\"content-area-description single-story post-600212 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-agriculture tag-diplomacy-foreign-trade tag-enterpriseam tag-kuwait tag-saudi-arabia tag-trade wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <b>Is Egypt slipping back onto the GCC\u2019s radar for sub-standard produce? <\/b>Kuwait\u2019s Public Authority for Food and Nutrition will extend its heightened alert status on agricultural imports from Egypt for another three months, after it found high levels of pesticides from Egyptian imports, the authority <a href=\"https:\/\/twitter.com\/Pafn_kw\/status\/1087027631273459712\">said in a tweet on Sunday<\/a>. This would mean that imports of Egyptian goods will be under added scrutiny and will be subject to lab testing and identifying Egyptian companies that are sending the goods. This comes a few days after Saudi Arabia\u2019s Environment, Water and Agriculture Ministry <a href=\"https:\/\/enterprise.press\/stories\/2019\/01\/20\/saudi-imposes-temporary-ban-on-egyptian-onions\/\">imposed a temporary import ban<\/a> on Egyptian onions \u201cafter it was proven that Egyptian onions exceeded the global residue limits of pesticides.\u201d Egypt had made strides over the past few years to reverse a host of bans by regional and other countries over the quality of produce.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/agriculture\/\">agriculture<\/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\/kuwait\/\">Kuwait<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/trade\/\">trade<\/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=\"600215\" 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=\"600215\">\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\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/egypt-to-spend-usd-9-bn-for-refinery-upgrades-says-el-molla\/\">\r\n                            Egypt to spend USD 9 bn for refinery upgrades, says El Molla                        <\/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\/01\/22\/egypt-to-spend-usd-9-bn-for-refinery-upgrades-says-el-molla\/\" 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\/01\/22\/egypt-to-spend-usd-9-bn-for-refinery-upgrades-says-el-molla\/')\">\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\/01\/22\/egypt-to-spend-usd-9-bn-for-refinery-upgrades-says-el-molla\/\">\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 spend USD 9 bn for refinery upgrades, says El Molla&url=https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/egypt-to-spend-usd-9-bn-for-refinery-upgrades-says-el-molla\/\">\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\/01\/22\/egypt-to-spend-usd-9-bn-for-refinery-upgrades-says-el-molla\/&title=Egypt to spend USD 9 bn for refinery upgrades, says El Molla\">\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+spend+USD+9+bn+for+refinery+upgrades%2C+says+El+Molla+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F01%2F22%2Fegypt-to-spend-usd-9-bn-for-refinery-upgrades-says-el-molla%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\/01\/22\/egypt-to-spend-usd-9-bn-for-refinery-upgrades-says-el-molla\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-600215\" class=\"content-area-description single-story post-600215 post type-post status-publish format-standard hentry category-energy tag-energy tag-enterpriseam tag-infrastructure tag-investment-watch tag-manufacturing wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Egypt will spend USD 9 bn over the next four years to upgrade six oil refineries, Oil Minister Tarek El Molla has said, <a href=\"https:\/\/www.reuters.com\/article\/us-egypt-energy-refineries\/egypt-to-invest-9-billion-refineries-upgrade-over-four-years-minister-idUSKCN1PF0TK\">according to Reuters<\/a>. The project aims to increase the country\u2019s production to 41 mn tonnes per year, up from 25 mn tonnes currently. We had noted <a href=\"https:\/\/enterprise.press\/stories\/2018\/04\/05\/asorc-signs-nbe-brokered-usd-100-mn-loan-from-china-development-bank\/\">last year<\/a> that Assiut Oil Refining Company (ASORC) signed a USD 100 mn loan agreement with the China Development Bank (CBD) to help fund refinery upgrades as part of a strategy to upgrade refineries nationwide. The minister did not name the refineries or make clear whether the figure includes the USD 4.3 bn Egyptian Refining Company, which government officials have in the past positioned as a refinery upgrade project for the adjacent Cairo Oil Refining Company, which is providing feedstock for ERC.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/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=\"600217\" 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=\"600217\">\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\">Infrastructure<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/damietta-port-considering-incentives-for-cargo-ship\/\">\r\n                            Damietta Port considering incentives for cargo ship                        <\/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\/01\/22\/damietta-port-considering-incentives-for-cargo-ship\/\" 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\/01\/22\/damietta-port-considering-incentives-for-cargo-ship\/')\">\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\/01\/22\/damietta-port-considering-incentives-for-cargo-ship\/\">\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=Damietta Port considering incentives for cargo ship&url=https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/damietta-port-considering-incentives-for-cargo-ship\/\">\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\/01\/22\/damietta-port-considering-incentives-for-cargo-ship\/&title=Damietta Port considering incentives for cargo ship\">\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=Damietta+Port+considering+incentives+for+cargo+ship+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F01%2F22%2Fdamietta-port-considering-incentives-for-cargo-ship%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\/01\/22\/damietta-port-considering-incentives-for-cargo-ship\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-600217\" class=\"content-area-description single-story post-600217 post type-post status-publish format-standard hentry category-infrastructure tag-enterpriseam tag-infrastructure tag-logistics wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The Damietta Port Authority is considering giving incentives to cargo ships to increase the port\u2019s international competitiveness,<a href=\"https:\/\/alborsaanews.com\/2019\/01\/21\/1171403\">local press reported<\/a>. No details were provided on what the incentives entail.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/logistics\/\">logistics<\/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=\"600218\" 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=\"600218\">\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\">Basic Materials + Commodities<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/gasc-to-change-payment-terms-to-at-sight-lcs-for-egypts-wheat-tenders\/\">\r\n                            GASC to change payment terms to at-sight LCs for Egypt\u2019s wheat tenders                        <\/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\/01\/22\/gasc-to-change-payment-terms-to-at-sight-lcs-for-egypts-wheat-tenders\/\" 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\/01\/22\/gasc-to-change-payment-terms-to-at-sight-lcs-for-egypts-wheat-tenders\/')\">\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\/01\/22\/gasc-to-change-payment-terms-to-at-sight-lcs-for-egypts-wheat-tenders\/\">\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=GASC to change payment terms to at-sight LCs for Egypt\u2019s wheat tenders&url=https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/gasc-to-change-payment-terms-to-at-sight-lcs-for-egypts-wheat-tenders\/\">\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\/01\/22\/gasc-to-change-payment-terms-to-at-sight-lcs-for-egypts-wheat-tenders\/&title=GASC to change payment terms to at-sight LCs for Egypt\u2019s wheat tenders\">\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=GASC+to+change+payment+terms+to+at-sight+LCs+for+Egypt%E2%80%99s+wheat+tenders+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F01%2F22%2Fgasc-to-change-payment-terms-to-at-sight-lcs-for-egypts-wheat-tenders%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\/01\/22\/gasc-to-change-payment-terms-to-at-sight-lcs-for-egypts-wheat-tenders\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-600218\" class=\"content-area-description single-story post-600218 post type-post status-publish format-standard hentry category-basic-materials-commodities tag-basic-materials-commodities tag-commodities tag-enterpriseam tag-general-authority-for-supply-commodities tag-trade wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The General Authority for Supply Commodities (GASC) will begin using at-sight letters of credit (LCs) for upcoming wheat tenders, assuring payments to suppliers as soon as they submit the necessary documents, <a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL8N1ZL45Z\">according to Reuters<\/a>. The state grain buyer had been relying on 180-day \u201c<a href=\"https:\/\/www.tradefinanceglobal.com\/posts\/usance-letters-of-credit-what-are-they\/\">usance letters of credit<\/a>\u201d for all previous purchases. Usance, or deferred, LCs \u2014 as opposed to at-sight LCs \u2014 add an extra layer of a 180-day period from the shipping date. The new payment terms are expected to lead to between USD 5-6 in savings per tonne.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/basic-materials-commodities\/\">Basic Materials + Commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/commodities\/\">commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/general-authority-for-supply-commodities\/\">General Authority for Supply Commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/trade\/\">trade<\/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=\"600219\" 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=\"600219\">\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\">Automotive + Transportation<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/egypts-ncca-launches-trial-operations-for-egp-25-mn-of-air-conditioned-buses\/\">\r\n                            Egypt\u2019s NCCA launches trial operations for EGP 25 mn of air-conditioned buses                        <\/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\/01\/22\/egypts-ncca-launches-trial-operations-for-egp-25-mn-of-air-conditioned-buses\/\" 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\/01\/22\/egypts-ncca-launches-trial-operations-for-egp-25-mn-of-air-conditioned-buses\/')\">\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\/01\/22\/egypts-ncca-launches-trial-operations-for-egp-25-mn-of-air-conditioned-buses\/\">\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 NCCA launches trial operations for EGP 25 mn of air-conditioned buses&url=https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/egypts-ncca-launches-trial-operations-for-egp-25-mn-of-air-conditioned-buses\/\">\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\/01\/22\/egypts-ncca-launches-trial-operations-for-egp-25-mn-of-air-conditioned-buses\/&title=Egypt\u2019s NCCA launches trial operations for EGP 25 mn of air-conditioned buses\">\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+NCCA+launches+trial+operations+for+EGP+25+mn+of+air-conditioned+buses+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F01%2F22%2Fegypts-ncca-launches-trial-operations-for-egp-25-mn-of-air-conditioned-buses%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\/01\/22\/egypts-ncca-launches-trial-operations-for-egp-25-mn-of-air-conditioned-buses\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-600219\" class=\"content-area-description single-story post-600219 post type-post status-publish format-standard hentry category-automotive-transportation tag-automotive tag-automotive-transportation tag-enterpriseam tag-infrastructure wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The New Cairo City Authority has launched trial operations of a new transportation network made up of 20 air-conditioned public buses at a combined cost of EGP 25 mn, chairman of the authority\u2019s board of trustees Mohamed Saad El Din said, <a href=\"https:\/\/www.albawaba.com\/editorchoice\/egypt-launch-high-level-transport-network-across-new-cairo-1241740\">according to Al Bawaba<\/a>. The buses will operate on five lines connecting all of New Cairo.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/automotive\/\">automotive<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/automotive-transportation\/\">Automotive + Transportation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"600221\" 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=\"600221\">\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\">Banking + Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/cairo-3a-seeks-egp-3-4-bn-loan-for-expansions\/\">\r\n                            Cairo 3A seeks EGP 3.4 bn loan for expansions                        <\/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\/01\/22\/cairo-3a-seeks-egp-3-4-bn-loan-for-expansions\/\" 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\/01\/22\/cairo-3a-seeks-egp-3-4-bn-loan-for-expansions\/')\">\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\/01\/22\/cairo-3a-seeks-egp-3-4-bn-loan-for-expansions\/\">\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=Cairo 3A seeks EGP 3.4 bn loan for expansions&url=https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/cairo-3a-seeks-egp-3-4-bn-loan-for-expansions\/\">\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\/01\/22\/cairo-3a-seeks-egp-3-4-bn-loan-for-expansions\/&title=Cairo 3A seeks EGP 3.4 bn loan for expansions\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Cairo+3A+seeks+EGP+3.4+bn+loan+for+expansions+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F01%2F22%2Fcairo-3a-seeks-egp-3-4-bn-loan-for-expansions%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\/01\/22\/cairo-3a-seeks-egp-3-4-bn-loan-for-expansions\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-600221\" class=\"content-area-description single-story post-600221 post type-post status-publish format-standard hentry category-banking-finance tag-banking tag-banking-finance tag-cairo-3a tag-commodities tag-debt tag-enterpriseam tag-finance wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Agricultural commodity trader and manufacturer Cairo 3A is in talks with the National Banque of Egypt, Banque Misr, CIB, and the Arab African International Bank for a loan of up to EGP 3.4 bn to finance expansion plans, <a href=\"https:\/\/www.almalnews.com\/Story\/407839\/12\/%C2%AB%D9%83%D8%A7%D9%8A%D8%B1%D9%88-%D8%AB%D8%B1%D9%89-%D8%A5%D9%8A%D9%87%C2%BB-%D8%AA%D8%B3%D8%B9%D9%89-%D9%84%D8%A7%D9%82%D8%AA%D8%B1%D8%A7%D8%B6-3-%D9%85%D9%84%D9%8A%D8%A7%D8%B1%D8%A7%D8%AA-%D8%AC%D9%86%D9%8A%D9%87\">sources tell Al Mal<\/a>. Cairo 3A <a href=\"https:\/\/enterprise.press\/stories\/2019\/01\/17\/cairo-3a-in-talks-to-acquire-pyramid-poultry\/\">is already in talks to acquire Pyramid Poultry<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking-finance\/\">BANKING + FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cairo-3a\/\">Cairo 3A<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/commodities\/\">commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/finance\/\">Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"600222\" 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=\"600222\">\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\">Other Business News of Note<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/carbon-holdings-signs-logistics-management-mou-with-agility\/\">\r\n                            Carbon Holdings signs logistics management MoU with Agility                        <\/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\/01\/22\/carbon-holdings-signs-logistics-management-mou-with-agility\/\" 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\/01\/22\/carbon-holdings-signs-logistics-management-mou-with-agility\/')\">\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\/01\/22\/carbon-holdings-signs-logistics-management-mou-with-agility\/\">\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=Carbon Holdings signs logistics management MoU with Agility&url=https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/carbon-holdings-signs-logistics-management-mou-with-agility\/\">\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\/01\/22\/carbon-holdings-signs-logistics-management-mou-with-agility\/&title=Carbon Holdings signs logistics management MoU with Agility\">\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=Carbon+Holdings+signs+logistics+management+MoU+with+Agility+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F01%2F22%2Fcarbon-holdings-signs-logistics-management-mou-with-agility%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\/01\/22\/carbon-holdings-signs-logistics-management-mou-with-agility\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-600222\" class=\"content-area-description single-story post-600222 post type-post status-publish format-standard hentry category-other-business-news-of-note tag-agility-logistics tag-carbon-holdings tag-enterpriseam tag-logistics 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>Carbon Holdings has signed an MoU with logistics provider Agility that will see the latter manage logistics for Carbon\u2019s industrial facilities in Egypt, including the USD 10.9 bn Tahrir Petrochemicals Company, according to <a href=\"https:\/\/ent.news\/2019\/1\/2498.pdf\">an emailed statement (pdf)<\/a>. Under the agreement, \u201cAgility will work with Carbon Holdings \u2026 to transport plastic byproducts within Egypt and to customers abroad. Agility will also handle the distribution of chemical compounds, including low-density ammonium nitrate inside Egypt and the onward distribution to container ports of Carbon Holdings\u2019 Egypt Hydrocarbon Corporation business.\u201d<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/agility-logistics\/\">Agility Logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/carbon-holdings\/\">Carbon Holdings<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/logistics\/\">logistics<\/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=\"600223\" 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=\"600223\">\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\">Law<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/shearman-sterling-advise-efg-hermes-on-first-close-of-egypt-education-fund\/\">\r\n                            Shearman &#038; Sterling advise EFG Hermes on first close of Egypt Education Fund                        <\/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\/01\/22\/shearman-sterling-advise-efg-hermes-on-first-close-of-egypt-education-fund\/\" 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\/01\/22\/shearman-sterling-advise-efg-hermes-on-first-close-of-egypt-education-fund\/')\">\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\/01\/22\/shearman-sterling-advise-efg-hermes-on-first-close-of-egypt-education-fund\/\">\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=Shearman &#038; Sterling advise EFG Hermes on first close of Egypt Education Fund&url=https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/shearman-sterling-advise-efg-hermes-on-first-close-of-egypt-education-fund\/\">\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\/01\/22\/shearman-sterling-advise-efg-hermes-on-first-close-of-egypt-education-fund\/&title=Shearman &#038; Sterling advise EFG Hermes on first close of Egypt Education Fund\">\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=Shearman+%26%23038%3B+Sterling+advise+EFG+Hermes+on+first+close+of+Egypt+Education+Fund+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F01%2F22%2Fshearman-sterling-advise-efg-hermes-on-first-close-of-egypt-education-fund%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\/01\/22\/shearman-sterling-advise-efg-hermes-on-first-close-of-egypt-education-fund\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-600223\" class=\"content-area-description single-story post-600223 post type-post status-publish format-standard hentry category-law tag-efg-hermes tag-enterpriseam tag-law tag-shearman-sterling wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Global law firm <a href=\"https:\/\/www.shearman.com\/\">Shearman & Sterling<\/a> were legal advisers to EFG Hermes on <a href=\"https:\/\/enterprise.press\/stories\/2018\/12\/24\/efg-hermes-egypt-education-fund-is-oversubscribed-at-first-close\/\">the successful first close of its Egypt Education Fund<\/a>, with the second close expected to be completed in 2019, the <a href=\"http:\/\/www.globallegalchronicle.com\/efg-hermes-egypt-education-fund-150-million-fundraising\/\">Global Legal Chronicle<\/a> tells us. The DIFC-based fund, which forms part of a USD 300 mn joint venture platform established in partnership with Dubai\u2019s GEMS Education, seeks to raise up to USD 150 mn in capital commitments for investment in K-12 schools in Egypt.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/efg-hermes\/\">EFG Hermes<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/law\/\">law<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/shearman-sterling\/\">Shearman &amp; Sterling<\/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=\"600224\" 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=\"600224\">\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\">National Security<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/egypt-bahrain-conduct-joint-military-exercises\/\">\r\n                            Egypt, Bahrain conduct joint-military exercises                        <\/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\/01\/22\/egypt-bahrain-conduct-joint-military-exercises\/\" 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\/01\/22\/egypt-bahrain-conduct-joint-military-exercises\/')\">\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\/01\/22\/egypt-bahrain-conduct-joint-military-exercises\/\">\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, Bahrain conduct joint-military exercises&url=https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/egypt-bahrain-conduct-joint-military-exercises\/\">\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\/01\/22\/egypt-bahrain-conduct-joint-military-exercises\/&title=Egypt, Bahrain conduct joint-military exercises\">\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%2C+Bahrain+conduct+joint-military+exercises+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F01%2F22%2Fegypt-bahrain-conduct-joint-military-exercises%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\/01\/22\/egypt-bahrain-conduct-joint-military-exercises\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-600224\" class=\"content-area-description single-story post-600224 post type-post status-publish format-standard hentry category-national-security tag-bahrain tag-diplomacy tag-enterpriseam tag-national-security wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Egyptian air and naval troops have traveled to Bahrain to conduct a joint-military exercise dubbed Hamad-3, according to the <a href=\"http:\/\/sis.gov.eg\/Story\/137124\/Egypt%2C-Bahrain-conduct-Hamad-3-drills?lang=en-us\">State Information Service<\/a>, citing MENA.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/bahrain\/\">Bahrain<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/national-security\/\">national security<\/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=\"600225\" 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=\"600225\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">18<\/div>\r\n\r\n                    <p class=\"f-graphik\">Sports<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/egypts-handball-world-championship-dreams-come-to-an-end\/\">\r\n                            Egypt\u2019s handball World Championship dreams come to an end                        <\/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\/01\/22\/egypts-handball-world-championship-dreams-come-to-an-end\/\" 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\/01\/22\/egypts-handball-world-championship-dreams-come-to-an-end\/')\">\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\/01\/22\/egypts-handball-world-championship-dreams-come-to-an-end\/\">\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 handball World Championship dreams come to an end&url=https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/egypts-handball-world-championship-dreams-come-to-an-end\/\">\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\/01\/22\/egypts-handball-world-championship-dreams-come-to-an-end\/&title=Egypt\u2019s handball World Championship dreams come to an end\">\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+handball+World+Championship+dreams+come+to+an+end+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F01%2F22%2Fegypts-handball-world-championship-dreams-come-to-an-end%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\/01\/22\/egypts-handball-world-championship-dreams-come-to-an-end\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-600225\" class=\"content-area-description single-story post-600225 post type-post status-publish format-standard hentry category-_newspack_sports tag-enterpriseam tag-sports wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Egypt were beaten 32-28 in their match-up with Norway at the handball World Championships, crushing their hopes to qualify for the World Championship semi-final for the first time since 2001, <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/6\/56\/322096\/Sports\/Omni-Sports\/Handball-Egypts-semifinal-hopes-end-after-loss-to-.aspx\">Ahram Online<\/a> reports.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"600226\" 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=\"600226\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">19<\/div>\r\n\r\n                    <p class=\"f-graphik\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/egypts-pharos-holding-receives-international-finance-magazine-award\/\">\r\n                            Egypt\u2019s Pharos Holding receives International Finance Magazine award                        <\/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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award\">\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+Pharos+Holding+receives+International+Finance+Magazine+award+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F01%2F22%2Fegypts-pharos-holding-receives-international-finance-magazine-award%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\/01\/22\/egypts-pharos-holding-receives-international-finance-magazine-award\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/1\/1266.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"600227\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/egypts-pharos-holding-receives-international-finance-magazine-award\/1266-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/1\/1266.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1266.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/1\/1266.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/1\/1266.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-600226\" class=\"content-area-description single-story post-600226 post type-post status-publish format-standard has-post-thumbnail hentry category-on-your-way-out tag-al-ahly-pharos tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>Our friends at Pharos Holding received last week International Finance Magazine\u2019s \u201cBest Equity Research Company\u201d award<\/b> for 2018 at a gala held in Dubai. The firm was named <a href=\"https:\/\/enterprise.press\/stories\/2018\/12\/26\/what-were-tracking-on-26-december-2018\/\">last month<\/a> the award\u2019s winner, which \u201crecognizes the research capabilities of Pharos and their continued commitment to excellence and contribution to the industry,\u201d according to an emailed statement.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/al-ahly-pharos\/\">Al Ahly Pharos<\/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=\"600230\" 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=\"600230\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">20<\/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\/01\/22\/the-market-yesterday-392\/\">\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\/01\/22\/the-market-yesterday-392\/\" 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\/01\/22\/the-market-yesterday-392\/')\">\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\/01\/22\/the-market-yesterday-392\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=The Market Yesterday&url=https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/the-market-yesterday-392\/\">\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\/01\/22\/the-market-yesterday-392\/&title=The Market Yesterday\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=The+Market+Yesterday+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F01%2F22%2Fthe-market-yesterday-392%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\/01\/22\/the-market-yesterday-392\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-600230\" class=\"content-area-description single-story post-600230 post type-post status-publish format-standard hentry category-the-market-yesterday tag-enterpriseam tag-the-market-yesterday wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><p><b>EGP \/ USD CBE market average: <\/b>Buy 17.88 | Sell 17.96<\/p>\n<p><b>EGP \/ USD at CIB:<\/b> Buy 17.87 | Sell 17.96<\/p>\n<p> <b>EGP \/ USD at NBE: <\/b>Buy 17.79 | Sell 17.89<\/p>\n<p><b>EGX30<\/b> (Monday): 13,575 (+1.0%)<\/p>\n<p> <b>Turnover:<\/b> EGP 742 mn (7% below the 90-day average)<\/p>\n<p> <b>EGX 30 year-to-date<\/b>: +4.1%<\/p>\n<p><b>THE MARKET ON MONDAY:<\/b> The EGX30 ended Monday\u2019s session up 1.0%. CIB, the index heaviest constituent ended up 2.1%. EGX30\u2019s top performing constituents were Egypt Kuwait Holding up 6.2%, and EFG Hermes up 2.2%, and CIB up 2.1%. Yesterday\u2019s\/Thursday\u2019s worst performing stocks were Egypt Aluminum down 4.5%, Porto Group down 2.4% and SODIC down 2.2%. The market turnover was EGP 742 mn, and foreign investors were the sole net sellers.<\/p>\n<p><b>Foreigners<\/b>: Net Short | EGP -66.5 mn<\/p>\n<p> <b>Regional<\/b>: Net Long | EGP +33.8 mn<\/p>\n<p> <b>Domestic<\/b>: Net Long | EGP +32.7 mn<\/p>\n<p><b>Retail<\/b>: 54.5% of total trades | 56.0% of buyers | 53.0% of sellers<\/p>\n<p> <b>Institutions<\/b>: 45.5% of total trades | 44.0% of buyers | 47.0% of sellers<\/p>\n<p><b>WTI:<\/b> USD 53.90 (+0.19%)<\/p>\n<p> <b>Brent:<\/b> USD 62.83 (+0.21%)<\/p>\n<p><b>Natural Gas<\/b> (Nymex, futures prices) USD 3.24 MMBtu, (-7.09%, Feb 2019 contract)<\/p>\n<p> <b>Gold:<\/b> USD 1,279.60 \/ troy ounce (-0.23%)<br <br=\"\"><\/p>\n<p><b>TASI:<\/b> 8,402.04 (+0.22%) (YTD: +7.35%)<\/p>\n<p> <b>ADX:<\/b> 4,955.74 (-0.39%) (YTD: +0.83%)<\/p>\n<p> <b>DFM:<\/b> 2,498.82 (-0.56%) (YTD: -1.22%)<\/p>\n<p> <b>KSE Premier Market:<\/b> 5,492.79 (-0.03%)<\/p>\n<p> <b>QE:<\/b> 10,722.14 (-0.35%) (YTD: +4.11%)<\/p>\n<p> <b>MSM:<\/b> 4,179.08 (-0.56%) (YTD: -3.35%)<\/p>\n<p> <b>BB: <\/b>1,349.86 (+0.17%) (YTD: +0.94%)<\/p><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-market-yesterday\/\">The Market Yesterday<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"600231\" 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\/01\/22\/600231\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-600231\" class=\"content-area-description single-story post-600231 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>21-22 January (Monday-Tuesday): EPEA and IFC\u2019s <a href=\"http:\/\/enterprise.press\/wp-content\/uploads\/2018\/12\/EPEA_IFC_Workshop_January2019.png\">SME Governance Workshop<\/a> at the Fairmont Nile City Hotel.<\/p>\n<p>22-23 January (Tuesday-Wednesday): CI Capital\u2019s third annual <a href=\"http:\/\/cicapitalconferences.com\/\">MENA Investor Conference<\/a>, The Plaza, New York City, USA.<\/p>\n<p>22-25 January (Tuesday-Friday): World Economic Forum (WEF) Annual Meeting, Davos-Klosters, Switzerland.<\/p>\n<p>23 January (Wednesday) 50th Cairo International Book Fair.<\/p>\n<p>25 January (Friday): Police Day, national holiday.<\/p>\n<p>26 January (Saturday): Supreme Administration Court\u2019s Uber \/ Careem appeal date, Egypt.<\/p>\n<p>28-29 January (Wednesday-Thursday): <a href=\"https:\/\/bankingtechnorthafrica.iqpc.ae\/\">Banking Technology North Africa<\/a>, Nile Ritz Carlton Hotel, Cairo, Egypt.<\/p>\n<p>03 February (Sunday): Cairo court to hear lawsuit against Peugeot Citroen.<\/p>\n<p>05 February (Tuesday): Egypt\u2019s Emirates NBD PMI for January released.<\/p>\n<p>07 February (Thursday): <a href=\"http:\/\/www.egyptbuildmat.com\/\">Egypt Building Materials Summit<\/a>, Venue TBD, Cairo, Egypt<\/p>\n<p>11-13 February (Monday-Wednesday): <a href=\"https:\/\/www.egyps.com\/\">Egypt Petroleum Show<\/a>, Egyptian International Exhibition Center, Cairo.<\/p>\n<p>14 February (Thursday): Central Bank of Egypt\u2019s monetary policy committee meets to review interest rates.<\/p>\n<p>19 February (Tuesday) The Cairo Economic Court to deliver decision on pharma distributors appeal, Egypt.<\/p>\n<p>19-20 February (Tuesday-Wednesday): The <a href=\"https:\/\/www.terrapinn.com\/exhibition\/solar-show-mena\/index.stm\">Solar Show MENA 2019<\/a>, Nile Ritz Carlton Hotel, Cairo, Egypt.<\/p>\n<p>24-25 February (Sunday-Monday): EU-Arab League summit, Sharm El-Sheikh, Egypt<\/p>\n<p>26-28 February (Tuesday-Thursday): 22nd International Conference on Petroleum Mineral<\/p>\n<p>Resources and Development, Egyptian Petroleum Research Institute, Nasr City, Cairo, Egypt.<\/p>\n<p>03-06 March (Sunday-Wednesday): EFG Hermes One-on-One Conference, Dubai.<\/p>\n<p>17-18 March (Sunday-Monday): OPEC Joint Ministerial Monitoring Committee meeting, Baku (<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-01-14\/opec-leaves-market-guessing-as-it-struggles-to-set-meeting-date\">Bloomberg<\/a>)<\/p>\n<p>27-30 March (Wednesday-Saturday): <a href=\"https:\/\/www.cityscapeegypt.com\/en\/Home.html\">Cityscape Egypt 2019<\/a>, Egypt International Exhibition Center, Nasr City Cairo.<\/p>\n<p>28 March (Thursday): Central Bank of Egypt\u2019s monetary policy committee meets to review interest rates.<\/p>\n<p>April: The African Tripartite Trade Area (<a href=\"https:\/\/en.wikipedia.org\/wiki\/Tripartite_Free_Trade_Area\">TFTA<\/a>) agreement is set to take effect in April after a majority from the participating governments ratified it, COMESA Secretary General Chileshe Kapwepwe <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=12122018&id=fa6e13de-e3be-48fc-a76d-b65af91f3545\">according to Al Shorouk<\/a>.<\/p>\n<p>17-18 April (Wednesday-Thursday): OPEC+ meeting, Vienna (<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-01-14\/opec-leaves-market-guessing-as-it-struggles-to-set-meeting-date\">Bloomberg<\/a>)<\/p>\n<p>20-22 April (Friday-Sunday): Spring meetings of the World Bank and International Monetary Fund, Washington, DC.<\/p>\n<p>25 April (Thursday): Sinai Liberation day, national holiday.<\/p>\n<p>28 April (Sunday): Easter Sunday, national holiday.<\/p>\n<p>29 April (Monday): Easter Monday, national holiday.<\/p>\n<p>01 May (Wednesday): Labor Day, national holiday.<\/p>\n<p>06 May (Monday): First day of Ramadan (TBC).<\/p>\n<p>23 May (Thursday): Central Bank of Egypt\u2019s monetary policy committee meets to review interest rates.<\/p>\n<p>June: International Forum for small and medium enterprises (SMEs).<\/p>\n<p>05-06 June (Wednesday-Thursday): Eid El Fitr (TBC).<\/p>\n<p>30 June (Sunday): June 2013 protests, national holiday.<\/p>\n<p>11 July (Thursday): Central Bank of Egypt\u2019s monetary policy committee meets to review interest rates.<\/p>\n<p>23 July (Tuesday): 23 July revolution, national holiday.<\/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 meets to review interest rates.<\/p>\n<p>29 August (Thursday): Islamic New Year (TBC), national holiday.<\/p>\n<p>26 September (Thursday): Central Bank of Egypt\u2019s monetary policy committee meets to review interest rates.<\/p>\n<p>6 October (Sunday): Armed Forces Day, national holiday.<\/p>\n<p>10-13 October (Tuesday-Sunday): <a href=\"http:\/\/biwarabia.com\/en\/\">Big Industrial Week Arabia 2019<\/a>, Egypt International Exhibition Center, Cairo, Egypt.<\/p>\n<p>9 November (Saturday): Prophet Mohammed's birthday, national holiday.<\/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>26 December (Thursday): Central Bank of Egypt\u2019s monetary policy committee meets to review interest rates.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":600189,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-600188","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"2cc30ec6-a3c1-47d3-9998-da51a35afe45","teaser":"","photo_url":"https:\/\/ent.news\/2020\/10\/83.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>The IMF downgrades its outlook on global growth \u2014 again - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/issues\/the-imf-downgrades-its-outlook-on-global-growth-again\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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