{"id":601290,"date":"2019-02-25T03:38:51","date_gmt":"2019-02-25T03:38:51","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=601290"},"modified":"2025-12-16T22:08:09","modified_gmt":"2025-12-16T22:08:09","slug":"did-beltone-just-get-out-of-the-penalty-box","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/did-beltone-just-get-out-of-the-penalty-box\/","title":{"rendered":"Did Beltone just get out of the penalty box?"},"content":{"rendered":"<section id=\"601292\" 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=\"601292\">\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\/02\/25\/what-were-tracking-on-25-february-2019\/\">\r\n                            What we\u2019re tracking on 25 February 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\/02\/25\/what-were-tracking-on-25-february-2019\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Look for a final communiqu\u00e9 some time today. The summit is dominating the conversation on Egypt in both the local and international press, and we have a wrap on day one in this morning\u2019s Speed Round, below.<\/p><p><b><u><a href=\"https:\/\/www.reuters.com\/article\/us-britain-eu-may\/another-delay-britains-may-promises-brexit-vote-in-parliament-by-march-12-idUSKCN1QD0J9?feedType=RSS&amp;feedName=top\">Brexit loomed large<\/a><\/u><\/b><b> at the gathering<\/b>, with UK Prime Minister Theresa May taking the opportunity to announce a parliamentary vote by 12 March. The European Union could tell her she\u2019s stuck in the European Union until 2021 if she can\u2019t get her pact through parliament and wants to delay the departure date, <u><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-02-24\/eu-is-said-to-mull-idea-of-proposing-brexit-extension-to-2021\">Bloomberg<\/a><\/u> reports.<\/p><p><b>News of the summit dominates the press here at home<\/b>, pushing business news to the back burner yesterday.<\/p><p><b>Cabinet members are on an investment roadshow in South Korea. <\/b>Finance Minister Mohamed Maait, Investment Minister Sahar Nasr and Suez Canal Authority boss Mohab Mamish are in South Korea today meeting with executives from leading companies and financial institutions to drum up investment, <u><a href=\"https:\/\/ent.news\/2019\/2\/1958.pdf\">according to an Investment Ministry statement (pdf)<\/a><\/u>. Egyptian exports to South Korea rose more than 300% in the first 11 months of 2018 compared to the same period a year ago, according to figures from state statistics agency CAPMAS <u><a href=\"https:\/\/www.youm7.com\/story\/2019\/2\/24\/%D8%A7%D9%84%D8%A5%D8%AD%D8%B5%D8%A7%D8%A1-%D9%8A%D9%83%D8%B4%D9%81-%D8%B5%D8%A7%D8%AF%D8%B1%D8%A7%D8%AA-%D9%85%D8%B5%D8%B1-%D9%84%D9%83%D9%88%D8%B1%D9%8A%D8%A7-%D8%AA%D8%B6%D8%A7%D8%B9%D9%81%D8%AA-3-%D9%85%D8%B1%D8%A7%D8%AA-%D8%AE%D9%84%D8%A7%D9%84-2018\/4152142\">reported by the local press.<\/a><\/u> Exports topped USD 198.5 mn last year, up from USD 47.3 mn in 2017, while imports from S. Korea dropped to USD 1.6 bn in 2018 from USD 1.9 bn the year before.<\/p><p><b>In business miscellany this morning:<\/b><\/p><ul>\n<li><b>US-China trade talks deadline pushed: <\/b>The Donald has reportedly agreed to extend the 1 March deadline for a US-China trade agreement, citing progress in talks. <u><a href=\"https:\/\/www.wsj.com\/articles\/trump-says-china-trade-talks-going-well-but-calls-outcome-unknown-11550864954\">The WSJ<\/a><\/u> and <u><a href=\"https:\/\/www.reuters.com\/article\/us-usa-trade-china\/trump-delays-increase-in-tariffs-on-chinese-goods-cites-progress-in-talks-idUSKCN1QD0L0?il=0\">Reuters<\/a><\/u> have more.<\/li>\n<li><b>Will Brent crude break USD 70 a barrel this week<\/b> after hitting USD 67 on Friday? It\u2019s up nearly 30% since the start of the year.<\/li>\n<li><b>Fund of hedge funds: <\/b>Aberdeen has raised more than USD 150 mn for a fund that will track an index of 140 Europe-based hedge funds. (<u><a href=\"https:\/\/www.ft.com\/content\/07d8078a-34f6-11e9-bb0c-42459962a812\">FT<\/a><\/u>)<\/li>\n<li><b>BlackRock is not having the best of luck as it tries to ape Warren Buffett <\/b>and push into some approximation of private equity. (<u><a href=\"https:\/\/www.wsj.com\/articles\/blackrocks-12-billion-bid-to-become-a-private-equity-giant-is-behind-schedule-11551016800\">WSJ<\/a><\/u>)<\/li>\n<\/ul><p><b>\u2018Simplifying\u2019 is the rage at a certain salmon-colored paper<\/b>, with Moira O\u2019Neill writing about <u><a href=\"https:\/\/www.ft.com\/content\/aafccab8-3370-11e9-9be1-7dc6e2dfa65e\">How to \u2018Marie Kondo\u2019 your investment portfolio<\/a><\/u> while serial entrepreneur John Murphy (the guy behind Interbrand) writes about <u><a href=\"https:\/\/www.ft.com\/content\/c48fcdec-3071-11e9-8744-e7016697f225\">How I simplified my life by selling (nearly) everything I own<\/a><\/u>. <b>Are you late to the Marie Kondo craze?<\/b> Or, like us, just unable to muster the enthusiasm? At least check out <u><a href=\"https:\/\/m.youtube.com\/watch?v=WvyeapVBLWY\">Netflix\u2019s trailer<\/a><\/u> to know what everyone else is talking about.<\/p><hr class=\"grey-line\"><p><b>The 91st Oscars <\/b>(otherwise known as the Raspberries of semi-decent, politically correct films)<b> are taking place without a host for the first time in 30 years. <\/b>By dispatch time, the best picture winner had yet to be announced, but among the favorites nominated are BlacKkKlansman, Roma, Green Book and Bohemian Rhapsody. <b>Notable winners so far include:<\/b><\/p><ul>\n<li>Best supporting actress: Regina King (If Beale Street Could Talk) <\/li>\n<li>Best supporting actor: Mahershala Ali (Green Book)<\/li>\n<li>Production design: Hannah Beachler (Black Panther) <\/li>\n<li>Sound mixing and sound editing: Bohemian Rhapsody, starring Egyptian-American Rami Malek <\/li>\n<li>Best foreign film: Roma<\/li>\n<\/ul><p>Head over to the <u><a href=\"https:\/\/www.nytimes.com\/2019\/02\/24\/movies\/oscars-academy-awards.html\">New York Times<\/a><\/u> for live updates.<\/p><p class=\"web-image\"><a href=\"https:\/\/www.theverge.com\/2019\/2\/24\/18238269\/huawei-foldable-phone-mate-x-price-release-date-specs-mwc-2019\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/2\/695.jpeg?ssl=1\"><\/a><\/p><p><b>In miscellany this morning:<\/b><\/p><p><b>Foldable smartphones are upon us. <\/b>Samsung unveiled its <u><a href=\"https:\/\/news.samsung.com\/us\/samsung-unfolds-galaxy-fold-unpacked-2019\/\">USD 1,980 Infinity Fold<\/a><\/u>, which goes on sale in April, at the end of last week, but <u><a href=\"https:\/\/consumer.huawei.com\/en\/phones\/mate-x\/\">Huawei\u2019s USD 2,600 Mate X<\/a><\/u> is getting more attention for being thinner, having a bigger screen and folding flatter. <u><a href=\"https:\/\/www.theverge.com\/2019\/2\/24\/18238269\/huawei-foldable-phone-mate-x-price-release-date-specs-mwc-2019\">The Verge<\/a><\/u> has your back if you want more, and <u><a href=\"https:\/\/www.wsj.com\/articles\/huaweis-foldable-smartphone-raises-the-barand-price-tag-11551021269?mod=hp_listb_pos1\">the WSJ also has a deep dive<\/a><\/u>.<\/p><p><b>Want to go more mainstream? <\/b>Android Central has a rundown on its <u><a href=\"https:\/\/www.androidcentral.com\/samsung-galaxy-s10-review\">first 72 hours with Samsung\u2019s new Galaxy S10+<\/a><\/u>. Or somewhere in the middle? LG has rolled out a 5G smartphone with <u><a href=\"https:\/\/www.wsj.com\/articles\/blackrocks-12-billion-bid-to-become-a-private-equity-giant-is-behind-schedule-11551016800\">two independent screens<\/a><\/u>.<\/p><p><b>With our annual trek to Dubai ahead of us<\/b>, we look forward to an Enterprise tradition: The taste test of Five Guys downstairs, followed by Shake Shack upstairs \u2014 back to back. What better way to prime the palate than with the Los Angeles Times\u2019 generally spot-on <b><u><a href=\"https:\/\/www.latimes.com\/food\/la-fo-french-fry-rankings-20190212-story.html\">Official fast-food French fry power rankings<\/a><\/u><\/b><b>. <\/b>H\/t <u><a href=\"https:\/\/daringfireball.net\/\">Daring Fireball<\/a><\/u>.<\/p><p><b>Spain, Italy and Iceland are the world\u2019s healthiest countries<\/b>, according to data crunched by <u><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-02-24\/spain-tops-italy-as-world-s-healthiest-nation-while-u-s-slips\">Bloomberg for its 2019 Healthiest Country Index<\/a><\/u>. <b>Israel is ranked #10<\/b>, the United States #35, while Bahrain is the highest-ranked Arab country at #36, followed closely by Qatar at 37 and then the UAE at 46. Egypt doesn\u2019t make the top 60.<\/p><p><b>PSA- It\u2019s short-sleeves weather today<\/b> in the capital city with the mercury set to peak at about 29\u00b0C this afternoon, according to our favourite weather app. Look for temps to cool to 22\u00b0C tomorrow and 17\u00b0C by Thursday.<\/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\/brexit\/\">Brexit<\/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\/investment-watch\/\">investment watch<\/a>\n                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Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/the-eu-arab-league-summit-was-the-sole-topic-on-the-airwaves-last-night\/\">\r\n                            The EU-Arab League summit was the sole topic on the airwaves 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\/02\/25\/the-eu-arab-league-summit-was-the-sole-topic-on-the-airwaves-last-night\/\" target=\"_blank\">\n                    Open in new tab     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            <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=The+EU-Arab+League+summit+was+the+sole+topic+on+the+airwaves+last+night+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F02%2F25%2Fthe-eu-arab-league-summit-was-the-sole-topic-on-the-airwaves-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\/02\/25\/the-eu-arab-league-summit-was-the-sole-topic-on-the-airwaves-last-night\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-601294\" class=\"content-area-description single-story post-601294 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-diplomacy tag-enterprise-last-nights-talk-shows tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>The EU-Arab League summit was the sole topic on the airwaves last night, <\/b>with Masaa DMC, Al Hayah Al Youm and Hona Al Asema dedicating a significant portion of their coverage to the first day of the summit.<\/p>\n<p><b>Don\u2019t expect much by way of a concrete, united policy, EU foreign policy chief Federica Mogherini told MasaaDMC<\/b>. Both the EU and Arab countries face the same challenges dealing with terrorism in Yemen and Libya. And although we may not agree on all aspects, it is important that both regions have gotten together to discuss the issue, she added <u><a href=\"https:\/\/www.youtube.com\/watch?v=T43K_mDOfko\">(watch, runtime: 02:29)<\/a><\/u>.<\/p>\n<p><b>This opinion was mirrored by Arab League Secretary-General Ahmed Abu Gheit<\/b>, who told Lama Gebril that the significance of the summit goes beyond terrorism. This is the first real chance for the two blocs to discuss a host of key political issues, including climate change, countering illegal migration and trade <u><a href=\"https:\/\/www.youtube.com\/watch?v=VmyKz4_XOJQ\">(watch, runtime: 01:50)<\/a><\/u>.<\/p>\n<p><b>Differences of opinion: <\/b>The interview also looked at issues that have divided both blocs, with particular focus on democracy post-Arab Spring. Abu Gheit said that the demonstrations of 2011 had brought about the European-style democracy that was hoped, but rather those have led to the \u201cdisintegration of the nation state\u201d <u><a href=\"https:\/\/www.youtube.com\/watch?v=IQC2lz73zXk\">(watch, runtime: 03:47)<\/a><\/u>.<\/p>\n<p><b>Foreign Minister Sameh Shoukry<\/b> kept the conversation focused squarely on terrorism in a talk with El Hekaya\u2019s Amr Adib. Shoukry stressed that international cooperation is essential in order to fight Daesh. Speaking on the summit, Shoukry lauded the decision to hold it in Egypt, saying that it signifies huge trust the global community has in the country\u2019s leadership <u><a href=\"https:\/\/www.youtube.com\/watch?v=-F0zXcq4nOA\">(watch, runtime: 02:56)<\/a><\/u>.<\/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\/diplomacy\/\">DIPLOMACY<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"601295\" 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=\"601295\">\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\/02\/25\/fra-lifts-ban-on-beltones-investment-banking-arm\/\">\r\n                            FRA lifts ban on Beltone\u2019s investment banking arm                        <\/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\/02\/25\/fra-lifts-ban-on-beltones-investment-banking-arm\/\" 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\/02\/25\/fra-lifts-ban-on-beltones-investment-banking-arm\/')\">\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\/02\/25\/fra-lifts-ban-on-beltones-investment-banking-arm\/\">\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=FRA lifts ban on Beltone\u2019s investment banking arm&url=https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/fra-lifts-ban-on-beltones-investment-banking-arm\/\">\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\/02\/25\/fra-lifts-ban-on-beltones-investment-banking-arm\/&title=FRA lifts ban on Beltone\u2019s investment banking arm\">\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=FRA+lifts+ban+on+Beltone%E2%80%99s+investment+banking+arm+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F02%2F25%2Ffra-lifts-ban-on-beltones-investment-banking-arm%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\/02\/25\/fra-lifts-ban-on-beltones-investment-banking-arm\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-601295\" class=\"content-area-description single-story post-601295 post type-post status-publish format-standard hentry category-speed-round tag-beltone-financial tag-enterpriseam tag-financial-regulatory-authority tag-speed-round wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <b>Has Beltone\u2019s investment banking arm been unshackled? <\/b>The board of the Financial Regulatory Authority (FRA) has reportedly informed Beltone Financial that it is lifting its suspension of Beltone\u2019s investment banking arm, allowing it to resume normal operations as of this morning, according to a <u><a href=\"https:\/\/www.alborsaanews.com\/2019\/02\/24\/1180982\">local press<\/a><\/u> report. The FRA also cut to six months the period of time it requires Beltone\u2019s brokerage arm to maintain an EGP 50 mn insurance cover. The decision has yet to be made public and Beltone declined to comment when we reached out to them to confirm the news.<\/p>\n<p><b>Background: <\/b>The FRA suspended Beltone\u2019s IPO unit <u><a href=\"https:\/\/enterprise.press\/stories\/2018\/11\/04\/fra-suspends-beltones-investment-banking-arm-for-six-months\/\">late last year<\/a><\/u> for six months over <u><a href=\"https:\/\/enterprise.press\/stories\/2018\/11\/14\/heres-what-egypts-market-regulator-claims-beltone-investment-banking-did-wrong\/\">alleged irregularities<\/a><\/u> in its management of Sarwa Capital\u2019s IPO, which saw the structured- and consumer-finance player\u2019s shares nosedive 11% in their EGX debut. The authority also ordered Beltone\u2019s brokerage arm to raise its insurance cover to EGP 50 mn and maintain it at that level for a year. The company <u><a href=\"https:\/\/enterprise.press\/stories\/2018\/11\/07\/beltone-says-no-irregularities-in-sarwa-prospectus\/\">denied the allegations<\/a><\/u> and has pursued <u><a href=\"https:\/\/enterprise.press\/stories\/2018\/12\/02\/beltone-goes-on-offensive-against-ib-divisions-suspension-says-it-is-bad-news-for-ecm-and-ma-activity-market-wide\/\">legal action<\/a><\/u> against the FRA\u2019s decisions. Its plea to the FRA\u2019s <u><a href=\"https:\/\/enterprise.press\/stories\/2018\/12\/24\/fra-rejects-beltones-appeal-of-its-six-month-suspension\/\">appeals committee<\/a><\/u> was turned down and Beltone said <u><a href=\"https:\/\/enterprise.press\/stories\/2019\/01\/28\/beltone-financial-says-it-wants-to-settle-with-the-fra\/\">it was seeking a settlement<\/a><\/u>.<\/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\/beltone-financial\/\">Beltone Financial<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-regulatory-authority\/\">Financial Regulatory Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"601303\" 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=\"601303\">\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\">Enterprise One<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/what-are-investors-telling-renaissance-capital-about-egypt\/\">\r\n                            What are investors telling Renaissance Capital about Egypt?                        <\/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\/02\/25\/what-are-investors-telling-renaissance-capital-about-egypt\/\" 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\/02\/25\/what-are-investors-telling-renaissance-capital-about-egypt\/')\">\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\/02\/25\/what-are-investors-telling-renaissance-capital-about-egypt\/\">\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 investors telling Renaissance Capital about Egypt?&url=https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/what-are-investors-telling-renaissance-capital-about-egypt\/\">\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\/02\/25\/what-are-investors-telling-renaissance-capital-about-egypt\/&title=What are investors telling Renaissance Capital about Egypt?\">\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+investors+telling+Renaissance+Capital+about+Egypt%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F02%2F25%2Fwhat-are-investors-telling-renaissance-capital-about-egypt%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\/02\/25\/what-are-investors-telling-renaissance-capital-about-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2018\/10\/1665.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"601304\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/what-are-investors-telling-renaissance-capital-about-egypt\/1665-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/10\/1665.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1665.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/10\/1665.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/10\/1665.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-601303\" class=\"content-area-description single-story post-601303 post type-post status-publish format-standard has-post-thumbnail hentry category-enterprise-one tag-amr-helal tag-economy tag-emerging-markets tag-enterprise-one tag-enterpriseam tag-renaissance-capital wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a id=\"tldr-story-09\" class=\"content-anchor\"><\/a> <b>What are investors telling Renaissance Capital about Egypt? A lot of good things<\/b>, according to the EM-focused investment bank\u2019s CEO for North Africa, Amr Helal. We sat down with him last week following RenCap\u2019s Egypt Investor Trip to Cairo on 11-13 February. The trip saw global fund managers with total AUM of c. USD 70 bn meet face-to-face with more than 20 companies. Excerpts from our conversation:<\/p>\n<p><b>The trip went very well on the corporate side, the investor-side, as well as the stakeholder side<\/b>, which included the Finance Ministry and the CBE. The overall sentiment has been positive. and it\u2019s not just from the equity investors but our bond investors, too. Positives they brought up include the Egypt macro story and the eurobond issuances. They were also impressed with the quality of the corporates and how well businesses have been doing.<\/p>\n<p><b>The most common questions we got from investors?<\/b> \u201cHow well are the reforms going? What are the expectations around the government privatization program? What are the expectations around potential interest rate cuts, inflation, and where the currency is expected to land?\u201d They are asking the right questions. They want to get the feel for how well businesses are doing. Things such as what\u2019s happening in terms of the recovery of consumer spending. What are companies doing to navigate the new market reality? When do they expect companies to start investing in CAPEX?<\/p>\n<p>On a macro level, <b>the most common concern tends to be around the sustainability of reforms<\/b> in light of the changing global backdrop.<\/p>\n<p><b>We expect interest rates to come down in 2019.<\/b> After the rate-cutting cycle resumed in February, we expect at least another 100 bps rate cut to 15.75% this year, with further rate cuts in 2020 when inflation falls to single digits in a sustainable way.<\/p>\n<p><b>Based on our in-house numbers, we can probably expect the exchange rate to average EGP 17.60-17.80 this fiscal year.<\/b> The EGP has strengthened against the USD and that was driven in January by positive inflows into the t-bill market. You had USD 2-3 bn of positive inflows, reversing months of decline. Obviously, tourism has picked up a bit from a low base. Remittances from Egyptians living abroad continue to be very strong.<\/p>\n<p><b>Does Egypt need to go back to the IMF for another round of funding? <\/b>That\u2019s obviously a decision for the government. But I think the program will come to an end and not be renewed and I don\u2019t think Egypt needs to or will go back to the IMF for another round of funding. But the relationship might continue in the form of regular engagement with the IMF, or something along those lines. This is something that investors would welcome, and some have broached the topic of having some form of continued engagement with the IMF.<\/p>\n<p><b>On the wider economy, I expect Egypt to continue to perform strongly this year, especially with further interest rate cuts to come in 2H2019.<\/b> The government is projecting GDP growth of 5.6% in FY2018-19. Hopefully, the rate cuts should spur corporates to start investing for the long term. Other factors we see as continuing to drive growth include the gradual recovery in consumer spending, the recovery in tourism and other sources of FX, and obviously Egypt having a net surplus of gas production as well.<\/p>\n<p><b>FDI is the missing component for Egypt: <\/b>We need to ask ourselves, on a macro level, what\u2019s the missing component in Egypt\u2019s value proposition? We are good at attracting investors in terms of portfolio inflows and fixed income investors. What has been thus far lacking is the ability to attract longer-term foreign direct investment (FDI) outside the oil and gas industry.<\/p>\n<p><b>Egypt ranks high on top of the list of economies that we cover in terms of macro development and investment opportunities.<\/b> And again, this is driven by the success of the reform program, which has put the economy on a solid growth path There is a pipeline of potential transactions that should be coming to the market this year and next year, either through the government\u2019s privatization program or private companies looking to access capital markets.<\/p>\n<p><b>When will the privatization program restart? <\/b>I would argue that it already has started. Today, you have a number of companies that have already been picked and mandated, and banks have been working on them for quite some time. I think the next step is to start bringing those companies to market and that will depend on market conditions moving in the right direction.<\/p>\n<p><b>I think the IPO outlook this year is very good<\/b>, especially with the number of private and public sector listings coming to market in 2019 and 2020. There is a number of quality and sizeable offerings which should be a boost to the market. Hopefully we should see increased investor interest driven by the quality as well as the size of the issuances.<\/p>\n<p><b>We\u2019ll continue to see M&A driven by both strategic and financial interest across a multitude of sectors<\/b>, but especially around consumer stories. This includes healthcare, education, non-banking financial services, food and beverages, etc. I think we\u2019ll see a good M&A pipeline this year.<\/p>\n<p><b>Consumer-facing sectors will continue to outperform this year.<\/b> I would add the industrial sector, as these benefit from a number of key characteristics in terms of their ability to export and compete. I don\u2019t see a certain sector that is likely to underperform.<\/p>\n<p><b>On the emerging markets front,<\/b> I think that the US Federal Reserve\u2019s less aggressive stance on interest rate hikes has definitely helped sentiment around EM. With the current Fed signaling, there has been a recovery in emerging markets and investors are again deploying capital and we clearly see that year-to-date in the solid performance of emerging markets.<\/p>\n<p><b>Cautiously optimistic that there won\u2019t be another EM zombie apocalypse: <\/b>At the end of the day, we are cautiously optimistic. It\u2019s a wait-and-see game. There are a number of significant uncertainties in the global economy \u2014 the US-China trade war, Brexit, softening of growth in China \u2014 and these are all global factors that affect sentiment and impact how markets perform.<\/p>\n<p><b>As far as other emerging markets are concerned, we like strong growth. <\/b>We think South Africa can get a lift assuming the President Cyril Ramaphosa does well in this year\u2019s elections. Pakistan could become a very interesting market if it gets an IMF program to support it.<\/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\/amr-helal\/\">Amr Helal<\/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\/emerging-markets\/\">emerging markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-one\/\">Enterprise One<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/renaissance-capital\/\">Renaissance Capital<\/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=\"601306\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"601307\" 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=\"601307\">\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\">Up Next<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/what-were-tracking-this-week-and-beyond-27\/\">\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\/02\/25\/what-were-tracking-this-week-and-beyond-27\/\" 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\/02\/25\/what-were-tracking-this-week-and-beyond-27\/')\">\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\/02\/25\/what-were-tracking-this-week-and-beyond-27\/\">\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\/02\/25\/what-were-tracking-this-week-and-beyond-27\/\">\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\/02\/25\/what-were-tracking-this-week-and-beyond-27\/&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%2F02%2F25%2Fwhat-were-tracking-this-week-and-beyond-27%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\/02\/25\/what-were-tracking-this-week-and-beyond-27\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-601307\" class=\"content-area-description single-story post-601307 post type-post status-publish format-standard hentry category-up-next tag-blockchain tag-debt tag-diplomacy tag-energy tag-enterpriseam tag-entrepreneurship tag-fiscal-policy tag-infrastructure tag-investment-watch tag-saudi-arabia tag-security tag-technology tag-tourism tag-up-next wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>UN talk showcasing uses for blockchain outside crypto tomorrow:<\/b> The UN Technology Innovation Lab Egypt, Egypt Technology Innovation & Entrepreneurship Center, UNDP, and IBM Egypt are hosting a discussion tomorrow to introduce blockchain and its uses outside of cryptocurrencies. You can find more details and <u><a href=\"https:\/\/unite.un.org\/techevents\/UNTIL_Egypt_blockchain\">register for the event here<\/a><\/u>.<\/p>\n<p><b>The EGP 500 mn phase 4A of Cairo Metro Line 3 <\/b>is due to open \u201csoon,\u201d Cairo Governor Khaled Abdel Aal said, <u><a href=\"http:\/\/gate.ahram.org.eg\/News\/2111336.aspx\">according to Ahram Gate<\/a><\/u>. The 4 km phase will link four stations in Cairo: Harun, Heliopolis, Alf Maskan and Shams Club.<\/p>\n<p><b>A Russian delegation will visit Sharm El Sheikh and Hurghada airports<\/b> sometime soon to run a final security sweep ahead of a decision on whether to allow the resumption of direct flights, <u><a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1366800\">AMAY reported<\/a><\/u>.<\/p>\n<p><b>A consortium of Russian companies is expected to visit Egypt next month<\/b> to explore investment and operational logistics in the Russian Industrial Zone area of the Suez Canal Economic Zone, <u><a href=\"https:\/\/www.alborsaanews.com\/2019\/02\/23\/1180370\">reports the local press.<\/a><\/u><\/p>\n<p><b>The gov\u2019t will begin rolling out its <\/b><b><u><a href=\"https:\/\/enterprise.press\/stories\/2019\/01\/10\/finance-ministry-drafts-more-realistic-comprehensive-debt-strategy-raises-egypts-public-debt-targets\/\">debt control strategy<\/a><\/u><\/b><b> next month, <\/b>Finance Minister <u><a href=\"https:\/\/www.almalnews.com\/Story\/410899\/15\/%D8%A7%D9%84%D8%AD%D9%83%D9%88%D9%85%D8%A9-%D8%AA%D8%A8%D8%AF%D8%A3-%D8%A7%D8%B3%D8%AA%D8%B1%D8%A7%D8%AA%D9%8A%D8%AC%D9%8A%D8%A9-%D8%A7%D9%84%D8%B3%D9%8A%D8%B7%D8%B1%D8%A9-%D8%B9%D9%84%D9%89-%D8%A7%D9%84%D8%AF%D9%8A%D9%86-%D8%A7%D9%84%D8%B9%D8%A7%D9%85-%D8%A7%D9%84%D8%B4%D9%87%D8%B1-\">Mohamed Maait told Al Mal<\/a><\/u>. The four-year strategy aims to bring down Egypt\u2019s public debt to 80-85% of GDP by the end of FY2021-22.<\/p>\n<p><b>An Egyptian ministerial delegation will visit France in March to discuss boosting bilateral trade, <\/b><u><a href=\"https:\/\/www.alborsaanews.com\/2019\/02\/24\/1180948\">local press reported<\/a><\/u>.<\/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\/blockchain\/\">blockchain<\/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\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/entrepreneurship\/\">entrepreneurship<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fiscal-policy\/\">fiscal policy<\/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\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/security\/\">security<\/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\/tourism\/\">tourism<\/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=\"601308\" 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=\"601308\">\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\">THE MACRO PICTURE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/the-window-for-emerging-markets-to-industrialize-is-closing-and-quickly-at-that\/\">\r\n                            The window for emerging markets to industrialize is closing \u2014 and quickly, at that                        <\/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\/02\/25\/the-window-for-emerging-markets-to-industrialize-is-closing-and-quickly-at-that\/\" 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\/02\/25\/the-window-for-emerging-markets-to-industrialize-is-closing-and-quickly-at-that\/')\">\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\/02\/25\/the-window-for-emerging-markets-to-industrialize-is-closing-and-quickly-at-that\/\">\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 window for emerging markets to industrialize is closing \u2014 and quickly, at that&url=https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/the-window-for-emerging-markets-to-industrialize-is-closing-and-quickly-at-that\/\">\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\/02\/25\/the-window-for-emerging-markets-to-industrialize-is-closing-and-quickly-at-that\/&title=The window for emerging markets to industrialize is closing \u2014 and quickly, at that\">\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+window+for+emerging+markets+to+industrialize+is+closing+%E2%80%94+and+quickly%2C+at+that+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F02%2F25%2Fthe-window-for-emerging-markets-to-industrialize-is-closing-and-quickly-at-that%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\/02\/25\/the-window-for-emerging-markets-to-industrialize-is-closing-and-quickly-at-that\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/2\/2892.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"601309\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/the-window-for-emerging-markets-to-industrialize-is-closing-and-quickly-at-that\/2892-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/2\/2892.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2892.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/2\/2892.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/2\/2892.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-601308\" class=\"content-area-description single-story post-601308 post type-post status-publish format-standard has-post-thumbnail hentry category-the-macro-picture tag-automation tag-economy tag-emerging-markets tag-enterpriseam tag-manufacturing tag-the-macro-picture 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>The window for emerging markets to industrialize is closing \u2014 and quickly, at that: <\/b>Structural shifts in global trade patterns will make it increasingly difficult for emerging markets to industrialize, <u><a href=\"https:\/\/www.ft.com\/content\/c9a3b7ec-346a-11e9-bd3a-8b2a211d90d5\">writes Steve Johnson in the FT<\/a><\/u>. Research from the McKinsey Global Institute suggests that new trends in production (more automation, for example) mean the importance of labor-cost arbitrage is decreasing \u2014 bad news for countries hoping for economic growth through a strategy of labor-intensive manufacturing of goods for export. Worse, advances in technology are seeing more and more work \u201creshored\u201d to advanced economies.<\/p>\n<p><b>Other indicators that will prove disheartening for emerging markets:<\/b> The increasingly regional nature of trade (especially in Europe and Asia); the growing importance in the value chain of intangible assets, knowledge, and research and development (which correlate with a highly skilled workforce); and the massive spike in trade of services as opposed to physical goods (the former growing 60% faster than the latter in the past decade.)<\/p>\n<p><b>There is a glimmer of hope<\/b> for countries that have managed to find \u201ca profitable niche,\u201d but even that may prove unsustainable. We may expect to hear this narrative more and more often: that emerging markets will <u><a href=\"https:\/\/www.weforum.org\/agenda\/2018\/06\/the-3-skill-sets-workers-need-to-develop-between-now-and-2030\/\">need to start really investing<\/a><\/u> in developing the skill sets of their workforces (focusing on higher cognitive skills, soft skills and technological skills) as the \u201cwindow of opportunity\u201d for economic growth through industrialization keeps narrowing.<\/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\/automation\/\">automation<\/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\/emerging-markets\/\">emerging markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-macro-picture\/\">THE MACRO PICTURE<\/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=\"601310\" 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=\"601310\">\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\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/the-eu-arab-league-summit\/\">\r\n                            The EU-Arab League summit                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/the-eu-arab-league-summit\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/the-eu-arab-league-summit\/')\">\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\/02\/25\/the-eu-arab-league-summit\/\">\n                    Facebook  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         <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=The+EU-Arab+League+summit+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F02%2F25%2Fthe-eu-arab-league-summit%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\/02\/25\/the-eu-arab-league-summit\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-601310\" class=\"content-area-description single-story post-601310 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-arab-league tag-diplomacy tag-egypt-in-the-news tag-enterpriseam tag-eu tag-politics tag-saudi-arabia tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>The EU-Arab League summit is the only real coverage Egypt is getting <\/b>in the foreign press this morning.<\/p>\n<p>Other headlines worth noting in brief include:<\/p>\n<ul>\n<li><b>Tourism numbers this year could beat the 15 mn visitors record of 2010 <\/b>when Russian flights to Red Sea resorts resume, Hamza Hendawi writes for <u><a href=\"https:\/\/www.thenational.ae\/world\/mena\/egypt-tourism-numbers-surge-after-eight-year-slump-but-downturn-leaves-a-lasting-mark-1.829583\">The National<\/a><\/u>. <\/li>\n<li><b>Saudi King Salman bin Abdulaziz Al Saud <\/b><b><u><a href=\"https:\/\/www.businessinsider.com\/r-saudi-king-pardons-egyptians-detained-in-the-kingdom-2019-2\">issued an order<\/a><\/u><\/b> late on Saturday to pardon and release a number of Egyptian citizens imprisoned in the kingdom, the Saudi Press Agency reported.<\/li>\n<li><b>The Dostour Party has denounced a \u201ccampaign of arrests\u201d <\/b>against its members for opposing parliamentary efforts to consolidate presidential powers through constitutional amendments, <u><a href=\"https:\/\/www.dailymail.co.uk\/wires\/afp\/article-6738103\/Egypt-opposition-party-decries-campaign-arrests.html\">AFP reports<\/a><\/u>. <\/li>\n<li><b>The family of a Canadian man who has been detained in Egypt<\/b> is urging Ottawa to intervene amid concerns for his safety, <u><a href=\"https:\/\/www.cbc.ca\/news\/politics\/horror-struck-family-calls-for-release-of-canadian-detained-in-egypt-1.5031404\">CBC reports<\/a><\/u>. <\/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\/arab-league\/\">Arab League<\/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\/eu\/\">EU<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/politics\/\">politics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"601311\" 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=\"601311\">\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\">ON THE FRONT PAGES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/eu-arab-league-summit-tops-coverage-in-state-papers\/\">\r\n                            EU-Arab League Summit tops coverage in state papers                        <\/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\/02\/25\/eu-arab-league-summit-tops-coverage-in-state-papers\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            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papers&url=https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/eu-arab-league-summit-tops-coverage-in-state-papers\/\">\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\/02\/25\/eu-arab-league-summit-tops-coverage-in-state-papers\/&title=EU-Arab League Summit tops coverage in state papers\">\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=EU-Arab+League+Summit+tops+coverage+in+state+papers+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F02%2F25%2Feu-arab-league-summit-tops-coverage-in-state-papers%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\/02\/25\/eu-arab-league-summit-tops-coverage-in-state-papers\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-601311\" class=\"content-area-description single-story post-601311 post type-post status-publish format-standard hentry category-on-the-front-pages tag-abdel-fattah-el-sisi tag-diplomacy tag-enterpriseam tag-on-the-front-pages wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>Still topping headlines among the state\u2019s leading newspapers is the opening day of the EU-Arab League Summit<\/b>. <u><a href=\"https:\/\/www.pressreader.com\/egypt\/al-akhbar\">Both Al Akhbar<\/a><\/u> and <u><a href=\"http:\/\/www.ahram.org.eg\/Index.aspx\">Al Ahram focused<\/a><\/u> on President Abdel Fattah El Sisi\u2019s opening remarks, with the latter noting his call to action for a conflict-free Middle East. Al Akhbar looked at the heads of state who sat down with El Sisi in Sharm El Sheikh. <u><a href=\"http:\/\/www.algomhuria.net.eg\/algomhuria\/today\/fpage\/\">Al Gomhuria focused<\/a><\/u> on discussions about Palestine and Hamas.<\/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\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/on-the-front-pages\/\">On The Front Pages<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"601312\" 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=\"601312\">\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\">Worth reading<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/reform-minded-ethiopian-leader-abiy-ahmed-has-a-lot-to-live-up-to\/\">\r\n                            \u201cReform-minded\u201d Ethiopian leader Abiy Ahmed has a lot to live up to                        <\/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\/02\/25\/reform-minded-ethiopian-leader-abiy-ahmed-has-a-lot-to-live-up-to\/\" 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\/02\/25\/reform-minded-ethiopian-leader-abiy-ahmed-has-a-lot-to-live-up-to\/')\">\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\/02\/25\/reform-minded-ethiopian-leader-abiy-ahmed-has-a-lot-to-live-up-to\/\">\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=\u201cReform-minded\u201d Ethiopian leader Abiy Ahmed has a lot to live up to&url=https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/reform-minded-ethiopian-leader-abiy-ahmed-has-a-lot-to-live-up-to\/\">\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\/02\/25\/reform-minded-ethiopian-leader-abiy-ahmed-has-a-lot-to-live-up-to\/&title=\u201cReform-minded\u201d Ethiopian leader Abiy Ahmed has a lot to live up to\">\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=%E2%80%9CReform-minded%E2%80%9D+Ethiopian+leader+Abiy+Ahmed+has+a+lot+to+live+up+to+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F02%2F25%2Freform-minded-ethiopian-leader-abiy-ahmed-has-a-lot-to-live-up-to%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\/02\/25\/reform-minded-ethiopian-leader-abiy-ahmed-has-a-lot-to-live-up-to\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/2\/1104.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"601313\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/reform-minded-ethiopian-leader-abiy-ahmed-has-a-lot-to-live-up-to\/1104-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/2\/1104.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1104.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/2\/1104.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/2\/1104.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-601312\" class=\"content-area-description single-story post-601312 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-reading tag-abiy-ahmed tag-enterpriseam tag-ethiopia tag-investment-watch tag-trade 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>Spotlight on our most important relationship in Africa: A look at<\/b> <b>\u201creform-minded\u201d Ethiopian leader Abiy Ahmed:<\/b> Ethiopia is being touted as one of Africa\u2019s great success stories \u2014 not just economically, but politically and socially too \u2014 and many of the most glowing accolades fall at the feet of its charismatic new leader, Abiy Ahmed. David Pilling and Lionel Barber\u2019s sweeping piece in the <u><a href=\"https:\/\/www.ft.com\/content\/abe678b6-346f-11e9-bb0c-42459962a812\">Financial Times<\/a><\/u> paints a picture of a reformer looking to open his country\u2019s market up and create jobs for a burgeoning population (<u><a href=\"https:\/\/www.worldbank.org\/en\/country\/ethiopia\">102 mn and counting<\/a><\/u>).<\/p>\n<p><b>Establishing a regional power: <\/b>Economic growth in Ethiopia over the last decade has been indicative of \u201cremarkable progress,\u201d increasing by more than 10% annually (up until last year when it <u><a href=\"https:\/\/www.imf.org\/en\/News\/Articles\/2018\/12\/04\/na120418-ethiopia-remarkable-progress\">dipped to 7.7%<\/a><\/u>). Ahmed\u2019s liberalization initiatives include a drive towards privatization, with a particular focus on the telecoms industry, <u><a href=\"https:\/\/www.theeastafrican.co.ke\/business\/Ethiopia-benefits-from-reforms\/2560-4889142-10dgw2tz\/index.html\">continued growth in manufacturing and services<\/a><\/u>, and the exploration of trade relationships amid a push to attract more FDI. Despite friction with Egypt over the construction of the Grand Ethiopian Renaissance Dam (GERD), the two countries have been looking in the last year at deepening ties, with some discussion of a <u><a href=\"https:\/\/www.middleeastmonitor.com\/20180707-sudan-to-establish-tripartite-investment-fund-with-ethiopia-and-egypt\/\">tripartite investment fund<\/a><\/u> being established with Sudan.<\/p>\n<p><b>But can he live up to the promise?<\/b> Ahmed has also attracted praise for ending 20 years of hostility with Eritrea, freeing 60,000 political prisoners (including all detained journalists), working with opposition politicians and appointing women to half his cabinet. But despite being \u201cwildly popular\u201d at home \u2014 and increasingly abroad \u2014 Ahmed still has his work cut out for him when it comes to fulfilling the political and economic expectations of a nation eagerly seeking jobs and opportunities.<\/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\/abiy-ahmed\/\">Abiy Ahmed<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ethiopia\/\">Ethiopia<\/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\/trade\/\">trade<\/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=\"601314\" 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=\"601314\">\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\">Worth watching<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/the-internet-is-beyond-fixing-we-need-a-new-one\/\">\r\n                            The internet is beyond fixing, we need a new one                        <\/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\/02\/25\/the-internet-is-beyond-fixing-we-need-a-new-one\/\" 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\/02\/25\/the-internet-is-beyond-fixing-we-need-a-new-one\/')\">\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\/02\/25\/the-internet-is-beyond-fixing-we-need-a-new-one\/\">\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 internet is beyond fixing, we need a new one&url=https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/the-internet-is-beyond-fixing-we-need-a-new-one\/\">\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\/02\/25\/the-internet-is-beyond-fixing-we-need-a-new-one\/&title=The internet is beyond fixing, we need a new one\">\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+internet+is+beyond+fixing%2C+we+need+a+new+one+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F02%2F25%2Fthe-internet-is-beyond-fixing-we-need-a-new-one%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\/02\/25\/the-internet-is-beyond-fixing-we-need-a-new-one\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/2\/150.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"601315\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/the-internet-is-beyond-fixing-we-need-a-new-one\/150-jpg-28\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/2\/150.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"150.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/2\/150.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/2\/150.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-601314\" class=\"content-area-description single-story post-601314 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-watching tag-cybersecurity tag-enterpriseam tag-technology tag-worth-watching wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>The internet is beyond fixing, we need a new one: <\/b>The web has caused tremendous political, economic and societal problems, and we \u201cdesperately\u201d need a new internet, FT correspondent Hannah Kuchler tells us in a video for FT Rethink (<u><a href=\"https:\/\/rethink.ft.com\/?play=the-internet-is-broken&utm_source=ft&utm_medium=carousel&utm_content=The%20internet%20is%20broken\">watch, runtime: 02:09<\/a><\/u>). We are now routinely seeing people losing money and reputation, as well as witnessing previously unheard of interference in elections, says Kuchler, citing the more trivial examples of what is wrong with the internet. But something \u201ctruly terrible\u201d could happen before we step in to get it right, she warns.<\/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\/cybersecurity\/\">cybersecurity<\/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-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=\"601316\" 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=\"601316\">\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\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/eni-to-complete-sixth-zohr-gas-treatment-plant-end-of-march\/\">\r\n                            Eni to complete sixth Zohr gas treatment plant end of March                        <\/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\/02\/25\/eni-to-complete-sixth-zohr-gas-treatment-plant-end-of-march\/\" 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\/02\/25\/eni-to-complete-sixth-zohr-gas-treatment-plant-end-of-march\/')\">\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\/02\/25\/eni-to-complete-sixth-zohr-gas-treatment-plant-end-of-march\/\">\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=Eni to complete sixth Zohr gas treatment plant end of March&url=https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/eni-to-complete-sixth-zohr-gas-treatment-plant-end-of-march\/\">\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\/02\/25\/eni-to-complete-sixth-zohr-gas-treatment-plant-end-of-march\/&title=Eni to complete sixth Zohr gas treatment plant end of March\">\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=Eni+to+complete+sixth+Zohr+gas+treatment+plant+end+of+March+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F02%2F25%2Feni-to-complete-sixth-zohr-gas-treatment-plant-end-of-march%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\/02\/25\/eni-to-complete-sixth-zohr-gas-treatment-plant-end-of-march\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-601316\" class=\"content-area-description single-story post-601316 post type-post status-publish format-standard hentry category-energy tag-energy tag-eni tag-enterpriseam tag-zohr-field wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Italy\u2019s Eni will complete the Zohr field\u2019s sixth natural gas treatment plant at the end of March, raising output to 2.3 bcf\/d from 2.1 bcf\/d currently, the <u><a href=\"https:\/\/alborsaanews.com\/2019\/02\/24\/1180871\">domestic press reports<\/a><\/u>. The Italian company has also completed drilling the tenth well, which has been gradually linked to treatment units that have begun operations, an Oil Ministry source said. One Zohr well produces an average of 250 mn cfd.<\/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\/eni\/\">Eni<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/zohr-field\/\">Zohr Field<\/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=\"601317\" 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=\"601317\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">Banking + Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/pharos-gets-planning-ministry-nod-for-ifm-achievement\/\">\r\n                            Pharos gets Planning Ministry nod for IFM achievement                        <\/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\/02\/25\/pharos-gets-planning-ministry-nod-for-ifm-achievement\/\" 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\/02\/25\/pharos-gets-planning-ministry-nod-for-ifm-achievement\/')\">\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\/02\/25\/pharos-gets-planning-ministry-nod-for-ifm-achievement\/\">\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=Pharos gets Planning Ministry nod for IFM achievement&url=https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/pharos-gets-planning-ministry-nod-for-ifm-achievement\/\">\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\/02\/25\/pharos-gets-planning-ministry-nod-for-ifm-achievement\/&title=Pharos gets Planning Ministry nod for IFM achievement\">\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=Pharos+gets+Planning+Ministry+nod+for+IFM+achievement+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F02%2F25%2Fpharos-gets-planning-ministry-nod-for-ifm-achievement%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\/02\/25\/pharos-gets-planning-ministry-nod-for-ifm-achievement\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/2\/581.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"601318\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/pharos-gets-planning-ministry-nod-for-ifm-achievement\/581-jpg-12\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/2\/581.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"581.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/2\/581.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/2\/581.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-601317\" class=\"content-area-description single-story post-601317 post type-post status-publish format-standard has-post-thumbnail hentry category-banking-finance tag-al-ahly-pharos tag-awards tag-banking-finance tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Our friends at Pharos Holding were acknowledged by Planning Minister Hala El Said for being named \u201cBest Equity Research Company\u201d by the International Finance Magazine (IFM) for 2018, the company <u><a href=\"https:\/\/ent.news\/2019\/2\/1032.pdf\">said in a press release (pdf)<\/a><\/u>. Chairman and CEO Elwy M. Taymour received the award at a gala dinner on 20 February, which was attended by CEOs, managing directors and other high-profile industry figures.<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/awards\/\">awards<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"601319\" 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=\"601319\">\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\">Law<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/egyptian-arbitration-court-grants-amer-group-usd-39-mn-in-compensation\/\">\r\n                            Egyptian arbitration court grants Amer Group USD 39 mn in compensation                        <\/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\/02\/25\/egyptian-arbitration-court-grants-amer-group-usd-39-mn-in-compensation\/\" 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\/02\/25\/egyptian-arbitration-court-grants-amer-group-usd-39-mn-in-compensation\/')\">\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\/02\/25\/egyptian-arbitration-court-grants-amer-group-usd-39-mn-in-compensation\/\">\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=Egyptian arbitration court grants Amer Group USD 39 mn in compensation&url=https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/egyptian-arbitration-court-grants-amer-group-usd-39-mn-in-compensation\/\">\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\/02\/25\/egyptian-arbitration-court-grants-amer-group-usd-39-mn-in-compensation\/&title=Egyptian arbitration court grants Amer Group USD 39 mn in compensation\">\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=Egyptian+arbitration+court+grants+Amer+Group+USD+39+mn+in+compensation+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F02%2F25%2Fegyptian-arbitration-court-grants-amer-group-usd-39-mn-in-compensation%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\/02\/25\/egyptian-arbitration-court-grants-amer-group-usd-39-mn-in-compensation\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-601319\" class=\"content-area-description single-story post-601319 post type-post status-publish format-standard hentry category-law tag-amer-group tag-antaradous-for-touristic-development tag-enterpriseam tag-law tag-real-estate tag-syria tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The Cairo Regional Center for International Commercial Arbitration has granted USD 39 mn in compensation to Amer Group in a dispute with Antaradous for Touristic Development, <u><a href=\"http:\/\/www.egx.com.eg\/downloads\/Bulletins\/226719_1.pdf\">according to an EGX disclosure (pdf)<\/a><\/u>. The claims were brought to commercial arbitration by the Syria-based company in 2014 following a dispute over its partnership with Amer to develop the Porto Tartous tourist resort. Despite this, it seems the court saw that the claimant is the party which failed to uphold its contractual obligations.<\/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\/amer-group\/\">Amer Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/antaradous-for-touristic-development\/\">Antaradous for Touristic Development<\/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\/real-estate\/\">real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/syria\/\">Syria<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"601320\" 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=\"601320\">\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\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/egypt-hosts-chinese-dragon-boat-race\/\">\r\n                            Egypt hosts Chinese dragon boat race                        <\/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\/02\/25\/egypt-hosts-chinese-dragon-boat-race\/\" 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\/02\/25\/egypt-hosts-chinese-dragon-boat-race\/')\">\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\/02\/25\/egypt-hosts-chinese-dragon-boat-race\/\">\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 hosts Chinese dragon boat race&url=https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/egypt-hosts-chinese-dragon-boat-race\/\">\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\/02\/25\/egypt-hosts-chinese-dragon-boat-race\/&title=Egypt hosts Chinese dragon boat race\">\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+hosts+Chinese+dragon+boat+race+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F02%2F25%2Fegypt-hosts-chinese-dragon-boat-race%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\/02\/25\/egypt-hosts-chinese-dragon-boat-race\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/2\/1265.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"601321\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/egypt-hosts-chinese-dragon-boat-race\/1265-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/2\/1265.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1265.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/2\/1265.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/2\/1265.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-601320\" class=\"content-area-description single-story post-601320 post type-post status-publish format-standard has-post-thumbnail hentry category-on-your-way-out tag-china tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>Teams from around the world participated in the Yangtze dragon boat race on the Nile on Saturday<\/b> as part of the Chinese spring festival, <u><a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/5\/1188\/326121\/Arts--Culture\/City-Lights\/Egypts-Nile-River-hosts-ancient-Yangtze-dragon-rac.aspx\">Ahram Online reported<\/a><\/u>. The Egyptian team won the men\u2019s race, which traditionally takes place on the Yangtze river in China. Teams from China, Portugal, US, Australia, Hong Kong, Macao, Philippines and Singapore also took part in the event.<\/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\/china\/\">China<\/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=\"601322\" 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=\"601322\">\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\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/the-market-yesterday-415\/\">\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\/02\/25\/the-market-yesterday-415\/\" 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\/02\/25\/the-market-yesterday-415\/')\">\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\/02\/25\/the-market-yesterday-415\/\">\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\/02\/25\/the-market-yesterday-415\/\">\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\/02\/25\/the-market-yesterday-415\/&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%2F02%2F25%2Fthe-market-yesterday-415%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\/02\/25\/the-market-yesterday-415\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-601322\" class=\"content-area-description single-story post-601322 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 17.48 | Sell 17.58<b><\/p>\n<p> EGP \/ USD at CIB:<\/b> Buy 17.47 | Sell 17.57<\/p>\n<p> <b>EGP \/ USD at NBE: <\/b>Buy 17.46 | Sell 17.56<\/p>\n<p><b>EGX30<\/b> (Sunday): 14,956 (-1.3%)<\/p>\n<p> <b>Turnover:<\/b> EGP 527 mn (41% below the 90-day average)<\/p>\n<p> <b>EGX 30 year-to-date<\/b>: +14.7%<\/p>\n<p><b>THE MARKET ON SUNDAY:<\/b> The EGX30 ended Sunday\u2019s session down 1.3%. CIB, the index heaviest constituent ended down 1.8%. EGX30\u2019s top performing constituents were Cairo for Investment & Real Estate up 0.8%, and Oriental Weavers up 0.3%. Yesterday\u2019s worst performing stocks were GB Auto down 3.7%, Orascom Development Egypt down 3.1% and Egyptian Iron & Steel down 2.2%. The market turnover was EGP 527 mn, and foreign investors were the sole net sellers.<\/p>\n<p><b>Foreigners<\/b>: Net Short | EGP -27.3 mn<\/p>\n<p> <b>Regional<\/b>: Net Long | EGP +18.2 mn<\/p>\n<p> <b>Domestic<\/b>: Net Long | EGP +9.2 mn<\/p>\n<p><b>Retail<\/b>: 73.1% of total trades | 76.3% of buyers | 69.8% of sellers<\/p>\n<p> <b>Institutions<\/b>: 26.9% of total trades | 23.7% of buyers | 30.2% of sellers<\/p>\n<p><b>WTI:<\/b> USD 57.26 (+0.53%)<\/p>\n<p> <b>Brent:<\/b> USD 67.12 (+0.07%)<\/p>\n<p><b>Natural Gas<\/b> (Nymex, futures prices) USD 2.72 MMBtu, (+0.74%, Mar 2019 contract)<\/p>\n<p> <b>Gold:<\/b> USD 1,332.80 \/ troy ounce (+0.38%)<\/p>\n<\/p>\n<p><b>TASI:<\/b> 8,513.27 (-0.40%) (YTD: +8.77%)<\/p>\n<p> <b>ADX:<\/b> 5,139.67 (+0.82%) (YTD: +4.57%)<\/p>\n<p> <b>DFM:<\/b> 2,668.64 (+1.33%) (YTD: +5.49%)<\/p>\n<p> <b>KSE Premier Market:<\/b> 5,502.33 (+0.39%)<\/p>\n<p> <b>QE:<\/b> 10,190.14 (-0.01%) (YTD: -1.06%)<\/p>\n<p> <b>MSM:<\/b> 4,053.36 (-0.05%) (YTD: -6.25%)<\/p>\n<p> <b>BB: <\/b>1,415.46 (+0.76%) (YTD: +5.85%)<\/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=\"601323\" 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\/02\/25\/601323\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-601323\" class=\"content-area-description single-story post-601323 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>24-25 February (Sunday-Monday): EU-Arab League summit, Sharm El-Sheikh, Egypt.<\/p>\n<p>26 February (Tuesday): <u><a href=\"https:\/\/unite.un.org\/techevents\/UNTIL_Egypt_blockchain\">BLOCKCHAIN: What is it? Potential Applications Beyond Cryptocurrencies<\/a><\/u>, TIEC Smart Village Building (B5), Cairo, Egypt.<\/p>\n<p>26-28 February (Tuesday-Thursday): 22nd International Conference on Petroleum Mineral Resources and Development, Egyptian Petroleum Research Institute, Nasr City, Cairo, Egypt.<\/p>\n<p>28 February (Thursday): Scaling-up MENA SME's Report Launch by Endeavor Egypt, AUC Tahrir, Cairo.<\/p>\n<p>03-06 March (Sunday-Wednesday): EFG Hermes One-on-One Conference, Dubai.<\/p>\n<p>8 March (Friday): SHE CAN women\u2019s entrepreneurship event, Greek Campus, Cairo.<\/p>\n<p>10 March (Sunday): CIB <u><a href=\"http:\/\/www.egx.com.eg\/downloads\/Bulletins\/226095_2.pdf\">to hold EGM meeting<\/a><\/u>.<\/p>\n<p>March (date TBD): <u><a href=\"https:\/\/egypt.tradersfair.com\/\">Traders Fair<\/a><\/u>, Nile Ritz Carlton, Cairo, Egypt.<\/p>\n<p>17 March (Sunday): A court <u><a href=\"https:\/\/alborsaanews.com\/2019\/02\/04\/1174960\">will look into<\/a><\/u> a lawsuit by a subsidiary of Arabian Investments, Development and Financial Investment Holding Co. (AIND) against Peugeot Citroen, seeking EUR 150 mn in damages.<\/p>\n<p>17-18 March (Sunday-Monday): OPEC Joint Ministerial Monitoring Committee meeting, Baku (<u><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-01-14\/opec-leaves-market-guessing-as-it-struggles-to-set-meeting-date\">Bloomberg<\/a><\/u>).<\/p>\n<p>18-19 March (Monday-Tuesday): US Federal Open Market Committee holds two-day policy meeting to review the interest rate.<\/p>\n<p>19 March (Tuesday): Portfolio Egypt Conference for non-banking financial services, venue TBD, Cairo, Egypt.<\/p>\n<p>27-30 March (Wednesday-Saturday): <u><a href=\"https:\/\/www.cityscapeegypt.com\/en\/Home.html\">Cityscape Egypt 2019<\/a><\/u>, 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 (<u><a href=\"https:\/\/en.wikipedia.org\/wiki\/Tripartite_Free_Trade_Area\">TFTA<\/a><\/u>) agreement is set to take effect in April after a majority from the participating governments ratified it, COMESA Secretary General Chileshe Kapwepwe <u><a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=12122018&id=fa6e13de-e3be-48fc-a76d-b65af91f3545\">according to Al Shorouk<\/a><\/u>.<\/p>\n<p>April: The EUR 250k first phase of Egypt\u2019s national waste management program kicks off.<\/p>\n<p>2-5 April: <u><a href=\"https:\/\/yearofenergy2019.com\/appo\/\">APPO Cape VII petroleum and energy conference<\/a><\/u>, in Malabo, Equatorial Guinea.<\/p>\n<p>4-6 April: LafargeHolcim <u><a href=\"https:\/\/www.lafargeholcim-foundation.org\/media\/news\/forum\/forum-2019-announcement\">Forum for sustainable Construction<\/a><\/u><\/p>\n<p>17-18 April (Wednesday-Thursday): OPEC+ meeting, Vienna (<u><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-01-14\/opec-leaves-market-guessing-as-it-struggles-to-set-meeting-date\">Bloomberg<\/a><\/u>).<\/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>30 April-1 March (Tuesday-Wednesday): US Federal Open Market Committee holds two-day policy meeting to review the interest rate.<\/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>04-05 June (Tuesday-Wednesday): <u><a href=\"https:\/\/www.ges2019.org\/\">Global Entrepreneurship Summit<\/a><\/u>, The Hague, the Netherlands<\/p>\n<p>05-06 June (Wednesday-Thursday): Eid El Fitr (TBC).<\/p>\n<p>18-19 June (Tuesday-Wednesday): US Federal Open Market Committee holds two-day policy meeting to review the interest rate.<\/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>30-31 July (Tuesday-Wednesday): US Federal Open Market Committee holds two-day policy meeting to review the interest rate.<\/p>\n<p>7-11 August (Wednesday-Sunday) Eid El Adha (TBC).<\/p>\n<p>22 August (Thursday): Central Bank of Egypt\u2019s monetary policy committee meets to review interest rate.<\/p>\n<p>29 August (Thursday): Islamic New Year (TBC), national holiday.<\/p>\n<p>17-18 September (Tuesday-Wednesday): US Federal Open Market Committee holds two-day policy meeting to review the interest rate.<\/p>\n<p>26 September (Thursday): Central Bank of Egypt\u2019s monetary policy committee meets to review interest rate.<\/p>\n<p>6 October (Sunday): Armed Forces Day, national holiday.<\/p>\n<p>10-13 October (Tuesday-Sunday): <u><a href=\"http:\/\/biwarabia.com\/en\/\">Big Industrial Week Arabia 2019<\/a><\/u>, Egypt International Exhibition Center, Cairo, Egypt.<\/p>\n<p>29-30 October (Tuesday-Wednesday): US Federal Open Market Committee holds two-day policy meeting to review the interest rate.<\/p>\n<p>9 November (Saturday): Prophet Mohammed's birthday, national holiday.<\/p>\n<p>December: Egypt <u><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><\/u> the Pack Process trade expo for the Middle East and African region.<\/p>\n<p>9-11 December (Monday-Wednesday): <u><a href=\"http:\/\/www.foodafrica-expo.com\/\">Food Africa 2019 Expo<\/a><\/u>, Egypt International Exhibition Center, Cairo, Egypt.<\/p>\n<p>10-11 December (Tuesday-Wednesday): US Federal Open Market Committee holds two-day policy meeting to review the interest rate.<\/p>\n<p>26 December (Thursday): Central Bank of Egypt\u2019s monetary policy committee meets to review interest rate.<\/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":601291,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-601290","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"af7c19fc-1690-458c-a465-5d9f1efea241","teaser":"","photo_url":"https:\/\/ent.news\/2018\/9\/1988.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>Did Beltone just get out of the penalty box? - 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\/did-beltone-just-get-out-of-the-penalty-box\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" 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