{"id":601432,"date":"2019-02-28T03:38:47","date_gmt":"2019-02-28T03:38:47","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=601432"},"modified":"2025-12-16T22:12:59","modified_gmt":"2025-12-16T22:12:59","slug":"ramsis-train-disaster-kills-20","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/ramsis-train-disaster-kills-20\/","title":{"rendered":"Ramsis train disaster kills 20"},"content":{"rendered":"<section id=\"601434\" 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=\"601434\">\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\/28\/what-were-tracking-on-28-february-2019\/\">\r\n                            What we\u2019re tracking on 28 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\/28\/what-were-tracking-on-28-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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Well, guess what? <b>They flipped the switch earlier this week and ERC has made its first ultra-low-sulfur diesel.<\/b> The refinery, which will reach full commercial operations by the third quarter of this year, has successfully produced diesel with sulfur at 1.5 parts per mn (ppm) \u2014 if you\u2019re keeping track at home, Euro V diesel is the cleanest burning in the world and has tolerance for up to 10 ppm sulfur. The start of production at ERC isn\u2019t just good for Qalaa\u2019s financials \u2014 <b>it\u2019s good for the air all of us breathe in the capital city <\/b>and beyond: It will cut Egypt\u2019s present-day sulfur emissions by about a third and reduce Cairo\u2019s carbon footprint at the same time.<\/p><p><b>And what about the financials? <\/b>Qalaa tells us that ERC\u2019s cash flows could start to feel the impact of production in June when all units begin ramping up.<\/p><p><b><u><a href=\"https:\/\/m.youtube.com\/watch?v=-bU9YX7ndpA\">Tap or click here to take a tour of ERC<\/a><\/u><\/b> in this video produced by Qalaa, including some very cool drone footage (runtime: 6:52).<\/p><p class=\"web-image\"><a href=\"https:\/\/m.youtube.com\/watch?v=-bU9YX7ndpA\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/2\/904.jpeg?ssl=1\"><\/a><\/p><p><b>The Sawiris brothers are two of just six Africans who have made it onto <\/b><b><u><a href=\"https:\/\/www.bloomberg.com\/billionaires\/\">Bloomberg\u2019s Bn\u2019aires Index<\/a><\/u><\/b>. The business information service estimates that <u><a href=\"https:\/\/www.bloomberg.com\/billionaires\/profiles\/nassef-o-sawiris\/\">Nassef (#230 in the world)<\/a><\/u> is currently worth USD 6.76 bn while <u><a href=\"https:\/\/www.bloomberg.com\/billionaires\/profiles\/naguib-sawiris\/\">Naguib (#334)<\/a><\/u> is worth just over USD 5 bn.<\/p><p><b>Global economy looking better: <\/b>Global economic activity in February was \u201cslightly above\u201d what was expected in December and January, <u><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-02-26\/goldman-sees-signs-the-global-economy-has-bottomed-out-already\">Bloomberg<\/a><\/u> reports, with some suggestions from Goldman Sachs\u2019 chief economist \u201cthat sequential growth will pick up from here.\"<\/p><p><b>A day of drama on Capitol Hill: <\/b>The Donald\u2019s long-time lawyer Michael Cohen made an abrupt u-turn yesterday when he testified in front of Congress, accusing his former paymaster of being involved in \u201ca criminal scheme to violate campaign finance laws.\u201d Cohen, who previously pled guilty to campaign finance violations, alleged that Trump paid USD 130k in illegal hush-money to adult film star Stormy Daniels, who claimed to have had an affair with Agent Orange. The <u><a href=\"https:\/\/www.washingtonpost.com\/politics\/2019\/02\/27\/michael-cohen-allege-trump-wrote-him-reimbursement-checks-keep-quiet-here-are-copies\/?noredirect=on&amp;utm_term=.9d714d001f1a\">WaPo<\/a><\/u> and <u><a href=\"https:\/\/www.nytimes.com\/2019\/02\/27\/us\/politics\/michael-cohen-trump.html\">NYT<\/a><\/u> have more.<\/p><p><b>Trump and North Korea\u2019s Kim Jong Un are meeting again today in Hanoi<\/b>, Vietnam, for talks. A diplomatic breakthrough could be in the cards \u2014 their official agenda for the day includes a \u201cjoint agreement signing ceremony,\u201d the <u><a href=\"https:\/\/nyti.ms\/2tPKeNL\">NYT reports<\/a><\/u>.<\/p><p><b>In global miscellany worth knowing about this morning: <\/b><\/p><ul>\n<li><b>You can still Uber in London: <\/b>A court in the United Kingdom has refused to allow a group of London taxi drivers to bring a legal challenge against a judge who had awarded Uber a 15-month probationary operating license, the <u><a href=\"https:\/\/www.ft.com\/content\/385aabce-39b0-11e9-b72b-2c7f526ca5d0\">FT<\/a><\/u> reports. <\/li>\n<li><b>Plans to expand the number of qualifying teams in the 2022 Qatar world cup to 48 from 32 remain complicated<\/b> and a decision is unlikely before June due to the ongoing Qatar smackdown in the GCC, the <u><a href=\"https:\/\/www.washingtonpost.com\/sports\/dcunited\/infantino-looks-toward-june-deadline-for-expanding-22-wcup\/2019\/02\/27\/c03349b6-3ac3-11e9-b10b-f05a22e75865_story.html?noredirect=on&amp;utm_term=.21d208d166c3\">Washington Post<\/a><\/u> reports.<\/li>\n<li><b>Egypt is set to host 150 athletes for the 2019 Pentathlon World Cup this weekend <\/b>in an event open to all without charge, <u><a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/6\/56\/326276\/Sports\/Omni-Sports\/-Pentathlon-World-Cup-kicks-off-in-Egypt.aspx\">reports Ahram Online.<\/a><\/u> The event runs through Sunday.<\/li>\n<\/ul><p><b>PSA- We\u2019re looking at a relatively cool weekend<\/b> with highs in the capital city of 17\u00b0C today, 16\u00b0C tomorrow and 19\u00b0C on Saturday. Expect cloudy periods in the afternoon all three days, but none of the rain that had previously been in the forecast. There\u2019s still a chance of a shower on Monday, though, according to our favourite weather app.<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/brexit\/\">Brexit<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/donald-trump\/\">Donald Trump<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egyptian-refining-company\/\">Egyptian Refining Company<\/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\/global-economy\/\">global economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/legislation\/\">legislation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/qalaa-holdings\/\">Qalaa Holdings<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ride-hailing\/\">ride-hailing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/travel\/\">travel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-today\/\">What We&#039;re Tracking Today<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"601435\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide 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            <\/a>\r\n                    <span>Live More<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-kmyx76o\" data-v=\"4\" data-block-id=\"kmyx76o\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-kmyx76o-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-kmyx76o-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240925.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/weareinfinity.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/27483.png?fit=300%2C300&#038;ssl=1\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Powering with nature<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-355z0jy\" data-v=\"4\" data-block-id=\"355z0jy\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-355z0jy-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-355z0jy-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240926.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.qalaaholdings.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/110691.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Driving growth<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-left\" class=\"svg-inline--fa fa-chevron-left\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M34.52 239.03L228.87 44.69c9.37-9.37 24.57-9.37 33.94 0l22.67 22.67c9.36 9.36 9.37 24.52.04 33.9L131.49 256l154.02 154.75c9.34 9.38 9.32 24.54-.04 33.9l-22.67 22.67c-9.37 9.37-24.57 9.37-33.94 0L34.52 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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=\"601436\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/train-crash-dominates-coverage-on-the-airwaves\/\">\r\n                            Train crash dominates coverage on the airwaves                        <\/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\" 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   <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/train-crash-dominates-coverage-on-the-airwaves\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-601436\" class=\"content-area-description single-story post-601436 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-enterprise-last-nights-talk-shows tag-enterpriseam tag-transport wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>Yesterday\u2019s tragic train crash was the only thing on the minds of the talking heads<\/b>, with some calling for blood and others commenting on the state\u2019s response to the accident. The official death count currently stands at 20 people, while there were around 43 injured, Health Ministry spokesperson Khaled Megahed told Channel 1 News (<u><a href=\"https:\/\/www.youtube.com\/watch?time_continue=62&v=CJWyWM-NNAQ\">watch, runtime: 3:24<\/a><\/u>). We have more details on the accident in this morning\u2019s Speed Round, below.<\/p>\n<p><b>Conductors fighting appears to be the cause: <\/b>The consensus among commentators and talking heads is that a fight between two train conductors led to the accident. Al Hayah Al Youm\u2019s Khaled Abu Bakr screened a surveillance video of the fight (<u><a href=\"https:\/\/www.youtube.com\/watch?v=EB6QDwUo2xQ\">watch, runtime: 08:14<\/a><\/u>). Cabinet Spokesman Nadder Saad phoned in to say that the first thing the donductors learn is never to leave the train while moving, adding that they clearly disregarded the protocol. Abu Bakr said all current conductors have to be reevaluated (<u><a href=\"https:\/\/www.youtube.com\/watch?v=oMbOvkee7_4\">watch, runtime: 02:36<\/a><\/u>). Yahduth fi Masr\u2019s Sherif Amer, who was at Ramsis station (<u><a href=\"https:\/\/www.youtube.com\/watch?v=s-Pv1Vls840\">watch, runtime: 02:55<\/a><\/u>), explained that at 09:33 am, the train was moving without a driver at speed 60 km\/hour (<u><a href=\"https:\/\/www.youtube.com\/watch?v=ocGCs3CNWc4\">watch, runtime: 03:50<\/a><\/u>).<\/p>\n<p><b>The state was spared grandstanding by the talking heads<\/b>, unlike in the case of past rail disasters. Masaa DMC\u2019s Amr Khalil went so far as to say that a 20-year-old train is not new. He instead held the drivers and their negligence as the sole individuals responsible (<u><a href=\"https:\/\/www.youtube.com\/watch?v=1GiuvqQ8jyo\">watch, runtime: 06:23<\/a><\/u>).<\/p>\n<p>Social Solidarity Minister Ghada Waly told Abu Bakr that her ministry is providing support to the families of the dead and of the injured (<u><a href=\"https:\/\/www.youtube.com\/watch?v=jCver6XzVfE\">watch, runtime: 07:58<\/a><\/u>).<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-last-nights-talk-shows\/\">Enterprise+: Last Night\u2019s Talk Shows<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/transport\/\">transport<\/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=\"601437\" 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=\"601437\">\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\/28\/at-least-20-killed-in-ramsis-station-train-accident-minister-resigns\/\">\r\n                            At least 20 killed in Ramsis station train accident, minister resigns                        <\/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\/28\/at-least-20-killed-in-ramsis-station-train-accident-minister-resigns\/\" 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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More than 40 others were injured, according to a health ministry spokesman. The train derailed when it apparently hurtled unpiloted into the station, ramming into a concrete barrier at the end of platform six, the Transport Ministry <u><a href=\"http:\/\/mot.gov.eg\/%D8%A7%D9%84%D8%A3%D8%AE%D8%A8%D8%A7%D8%B1\/%D8%A7%D9%84%D8%B3%D9%83%D8%A9-%D8%A7%D9%84%D8%AD%D8%AF%D9%8A%D8%AF-%D8%A7%D9%86%D8%AD%D8%AF%D8%A7%D8%B1-%D8%AC%D8%B1%D8%A7%D8%B1-%D9%88%D8%B1%D8%AF%D9%8A%D8%A9-%D8%A7%D8%A8%D9%88-%D8%BA%D8%A7%D8%B7\/\">said in a statement<\/a><\/u>, without providing a death toll figure. The collision caused the locomotive\u2019s fuel tank to explode, sending black smoke above Cairo\u2019s downtown. Surveillance cameras in the station caught a glimpse of the collision as it occured (<u><a href=\"https:\/\/www.youtube.com\/watch?v=nV1QAEEZYRM\">watch, runtime 00:20<\/a><\/u>). In a separate incident yesterday, a train on the Matrouh-Alexandria rail route collided with a truck, killing at least one person and injuring six others, <u><a href=\"https:\/\/www.elwatannews.com\/news\/details\/4027997?fbclid=IwAR2M0u7qIUkQ2KGWb251tWTPFKCQMEosp5-QBZWYxeW_coj2tw-5xjT5STw&sm=true\">reports the local press.<\/a><\/u><\/p>\n<p><b>Transport Minister Hisham Arafat resigned<\/b> after the incident, <u><a href=\"http:\/\/www.cabinet.gov.eg\/Arabic\/MediaCenter\/CabinetNews\/Pages\/pm9.aspx\">according to a cabinet statement<\/a><\/u>. The driver of the train in the Ramsis accident was arrested in Menoufiya governorate after trying to escape, <u><a href=\"http:\/\/gate.ahram.org.eg\/News\/2115008.aspx\">Ahram Gate reported<\/a><\/u>.<\/p>\n<p><b>Runaway train during an argument? <\/b>The Prosecutor General\u2019s Office said it appears the accident took place after the conductor of the train that smashed into the station stopped his train to have an argument with another conductor. It appears that while the two were speaking, the first train began moving under its own power and rolled into the station unmanned, <u><a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1373921\">\u00a0Al Masry Al Youm reports<\/a><\/u>, citing a statement by prosecutors.<\/p>\n<p><b>Egyptian National Railways (ENR) and the Transport Ministry have formed committees to investigate the accident<\/b>, according to <u><a href=\"http:\/\/mot.gov.eg\/%D8%A7%D9%84%D8%A3%D8%AE%D8%A8%D8%A7%D8%B1\/%D8%AA%D8%B4%D9%83%D9%8A%D9%84-%D9%84%D8%AC%D9%86%D8%A9-%D9%84%D8%A7%D8%B9%D8%AF%D8%A7%D8%AF-%D8%AA%D9%82%D8%B1%D9%8A%D8%B1-%D9%81%D9%86%D9%8A-%D8%B9%D9%86-%D8%A7%D9%86%D9%81%D8%AC%D8%A7%D8%B1-%D8%AA\/\">a separate statement<\/a><\/u>, and Prime Minister Moustafa Madbouly promised to \u201chold accountable\u201d those responsible. The PM cut short <u><a href=\"http:\/\/www.cabinet.gov.eg\/Arabic\/MediaCenter\/CabinetNews\/Pages\/pm6.aspx\">a cabinet meeting<\/a><\/u> to visit the site, <u><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-02-27\/train-accident-in-cairo-s-main-terminal-kills-at-least-7-people\">according to Bloomberg<\/a><\/u>. The government will pay EGP 80,000 for the relatives of the dead and EGP 25,000 for the injured, <u><a href=\"http:\/\/www.cabinet.gov.eg\/Arabic\/MediaCenter\/CabinetNews\/Pages\/pm0.aspx\">the cabinet said in a statement<\/a><\/u>. Relatives of the dead are eligible for a separate EGP 30,000 insurance payout under policies held by the Transportation Ministry, the <u><a href=\"https:\/\/www.alborsaanews.com\/2019\/02\/27\/1182183\">local press<\/a><\/u> reports.<\/p>\n<p><b>Highest accident rate in at least 15 years: <\/b>ENR recorded nearly 1,800 accidents in 2017, the highest number in at least 15 years, according to a report by Declan Walsh and Toqa Ezzidin for the <u><a href=\"https:\/\/www.nytimes.com\/2019\/02\/27\/world\/middleeast\/cairo-fire-train-station-egypt.html\">New York Times<\/a><\/u>. State statistics agency CAPMAS put the total accident figure at nearly 11k between 2008 and 2017, the NYT adds, although not all incidents involve fatalities.<\/p>\n<p><b>ENR had been working on overdue maintenance. <\/b>Arafat had <u><a href=\"https:\/\/enterprise.press\/stories\/2018\/03\/05\/house-of-representatives-approves-railway-act-amendments\/\">promised that we would see progress by mid-2019<\/a><\/u> on rail network upgrades, the acquisition of new rolling stock and the installation of electronic signaling systems. The House of Representatives has also been working on legislation that would open the railways to more private-sector involvement.<\/p>\n<p><b>Pickups of the Ramsis train tragedy top coverage<\/b> <b>of Egypt in the international press this morning<\/b>. See <u><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-02-27\/train-accident-in-cairo-s-main-terminal-kills-at-least-7-people\">Bloomberg<\/a><\/u> | <u><a href=\"https:\/\/www.apnews.com\/a938e263bfec4f67ba51569d7dddc4ae\">Associated Press<\/a><\/u> | <u><a href=\"https:\/\/www.theguardian.com\/world\/2019\/feb\/27\/cairo-station-fire-train-crash\">the Guardian<\/a><\/u> | <u><a href=\"https:\/\/www.express.co.uk\/news\/world\/1093206\/egypt-train-crash-fire-explosion-cairo\">the Express<\/a><\/u> | <u><a href=\"https:\/\/www.thesun.co.uk\/news\/8520759\/egypt-train-station-fire-death-toll-injuries-rescue-team\/\">the Sun<\/a><\/u>.<\/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\/egyptian-national-railways\/\">Egyptian National Railways<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hisham-arafat\/\">Hisham Arafat<\/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\/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=\"601447\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"601448\" 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=\"601448\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">THE MACRO PICTURE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/ems-beginning-to-boom\/\">\r\n                            EMs beginning to boom?                        <\/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\/28\/ems-beginning-to-boom\/\" 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\/28\/ems-beginning-to-boom\/')\">\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\/28\/ems-beginning-to-boom\/\">\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=EMs beginning to boom?&url=https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/ems-beginning-to-boom\/\">\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\/28\/ems-beginning-to-boom\/&title=EMs beginning to boom?\">\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=EMs+beginning+to+boom%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F02%2F28%2Fems-beginning-to-boom%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\/28\/ems-beginning-to-boom\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/2\/EM-currencies-web.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"601449\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/ems-beginning-to-boom\/em-currencies-web-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/2\/EM-currencies-web.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"EM-currencies-web.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/2\/EM-currencies-web.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/2\/EM-currencies-web.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-601448\" class=\"content-area-description single-story post-601448 post type-post status-publish format-standard has-post-thumbnail hentry category-the-macro-picture tag-bonds tag-currencies tag-emerging-markets tag-enterpriseam tag-equities tag-the-macro-picture wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <b>EM inflows in January could signal the start of a boom period for developing economies,<\/b> CrossBorder Capital MD Michael Howell argues in a <u><a href=\"https:\/\/www.ft.com\/content\/45dfee9a-36da-11e9-bb0c-42459962a812\">piece for the FT<\/a><\/u>. Data from multiple sources has suggested that financial inflows into emerging markets hit their highest levels in over a year in January. CrossBorder\u2019s latest estimates indicate that USD 58 bn of net inflows entered emerging markets (minus China) while <u><a href=\"https:\/\/enterprise.press\/stories\/2019\/02\/04\/egypts-short-term-usd-debt-down-by-usd-3-25-bn-to-usd-14-bn\/\">figures from the Institute of International Finance<\/a><\/u> showed that USD 51.1 bn was invested in EM equities and bonds last month. Expectations of further gains in the coming months are being driven by the US Federal Reserve\u2019s recent dovish tone and continued the preference of investors for the USD. \u201cCould January\u2019s large monthly step-up signal that the vital EM capital flow\/liquidity cycle is restarting again?\u201d he asks. \u201cIt may.\u201d<\/p>\n<p><b>The risk cycle<\/b>: When financial analysts talks about the EM risk cycle, they are referring to the process of boom and bust, caused in part by the Fed\u2019s monetary policy. Easing \u2014 or even just the expectation of easing \u2014 can precipitate large inflows into emerging markets, weakening the USD. As emerging markets boom, local investors pour capital into safer overseas investments, causing the USD to strengthen. This in turn increases demand for safer assets which puts increasing amounts of pressure on emerging currencies, and causing capital flight.<\/p>\n<p><b>But don\u2019t always rely on the rating agencies to gauge risk: <\/b>Credit rating agencies cannot be relied on to accurately monitor risk, Kate Allen writes in <u><a href=\"https:\/\/www.ft.com\/content\/24b2c50e-39a4-11e9-b72b-2c7f526ca5d0\">a separate article for the FT<\/a><\/u>. \u201cThe problems comes when credit ratings are combined in a mechanistic and simplistic way with other ways of outsourcing decisions, such as passive funds and index compilers,\u201d she writes. This leads to funds unwittingly investing in risky assets, believing them to be investment-grade. \u201cIt is an investment structure that is revealed to have done a bad job only when disaster arrives, as in the financial crisis,\u201d she says. \u201cBy the time the downgrades come, it will be too late.\u201d<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/bonds\/\">Bonds<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/currencies\/\">currencies<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/emerging-markets\/\">emerging markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/equities\/\">equities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-macro-picture\/\">THE MACRO PICTURE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"601450\" 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=\"601450\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/egypt-in-the-news-on-27-february-2019-ramsis-train-collision\/\">\r\n                            Egypt in the News on 27 February 2019: Ramsis train collision                        <\/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\/28\/egypt-in-the-news-on-27-february-2019-ramsis-train-collision\/\" 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\/28\/egypt-in-the-news-on-27-february-2019-ramsis-train-collision\/')\">\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\/28\/egypt-in-the-news-on-27-february-2019-ramsis-train-collision\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt in the News on 27 February 2019: Ramsis train collision&url=https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/egypt-in-the-news-on-27-february-2019-ramsis-train-collision\/\">\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\/28\/egypt-in-the-news-on-27-february-2019-ramsis-train-collision\/&title=Egypt in the News on 27 February 2019: Ramsis train collision\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+in+the+News+on+27+February+2019%3A+Ramsis+train+collision+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F02%2F28%2Fegypt-in-the-news-on-27-february-2019-ramsis-train-collision%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\/28\/egypt-in-the-news-on-27-february-2019-ramsis-train-collision\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-601450\" class=\"content-area-description single-story post-601450 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-egypt-in-the-news tag-energy tag-enterpriseam tag-entrepreneurship tag-legislation tag-security wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>Yesterday\u2019s train accident in Ramsis tops foreign media coverage <\/b>of Egypt this morning. We have full details in Speed Round, above.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-in-the-news\/\">Egypt in the News<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/legislation\/\">legislation<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"601451\" 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=\"601451\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">ON THE FRONT PAGES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/train-accident-tops-coverage-in-state-newspapers\/\">\r\n                            Train accident tops coverage in state newspapers                        <\/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\/28\/train-accident-tops-coverage-in-state-newspapers\/\" 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 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href=\"https:\/\/api.whatsapp.com\/send?text=Train+accident+tops+coverage+in+state+newspapers+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F02%2F28%2Ftrain-accident-tops-coverage-in-state-newspapers%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\/28\/train-accident-tops-coverage-in-state-newspapers\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-601451\" class=\"content-area-description single-story post-601451 post type-post status-publish format-standard hentry category-on-the-front-pages tag-enterpriseam tag-on-the-front-pages tag-transport wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>Yesterday\u2019s train accident was the common topic linking the front pages of all three state-owned newspapers. <\/b><u><a href=\"http:\/\/www.ahram.org.eg\/News\/202939\/25\/698176\/%D8%A7%D9%84%D8%A3%D9%88%D9%84%D9%89\/%D9%85%D8%AD%D8%A7%D8%B3%D8%A8%D8%A9-%D8%A7%D9%84%D9%85%D9%82%D8%B5%D9%91%D9%90%D8%B1%D9%8A%D9%86-%D9%81%D9%89-%D9%83%D8%A7%D8%B1%D8%AB%D8%A9-%D9%85%D8%AD%D8%B7%D8%A9-%D9%85%D8%B5%D8%B1-%D9%85%D8%B5%D8%B1%D8%B9--%D9%88%D8%A5%D8%B5%D8%A7%D8%A8%D8%A9--.aspx\">Al Ahram<\/a><\/u> and <u><a href=\"http:\/\/www.algomhuria.net.eg\/algomhuria\/today\/fpage\/\">Al Gomhuria<\/a><\/u> led their front pages with the warning from Prime Minister Moustafa Madbouly that all those guilty of negligence would be held to account. <u><a href=\"https:\/\/www.pressreader.com\/egypt\/al-akhbar\">Al Akhbar appears<\/a><\/u> to be less preoccupied with the accident, with its top headline being President Abdel Fattah El Sisi\u2019s meeting with Albanian President Ilir Meta.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/on-the-front-pages\/\">On The Front Pages<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/transport\/\">transport<\/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=\"601452\" 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=\"601452\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">Worth watching<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/what-does-britain-mean-to-egypt\/\">\r\n                            What does Britain mean to 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\/28\/what-does-britain-mean-to-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\/28\/what-does-britain-mean-to-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\/28\/what-does-britain-mean-to-egypt\/\">\n                    Facebook                    <!-- <img 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       <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=What+does+Britain+mean+to+Egypt%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F02%2F28%2Fwhat-does-britain-mean-to-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\/28\/what-does-britain-mean-to-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/2\/2015.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"601453\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/what-does-britain-mean-to-egypt\/2015-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/2\/2015.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2015.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/2\/2015.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/2\/2015.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-601452\" class=\"content-area-description single-story post-601452 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-watching tag-enterpriseam tag-mohamed-salah tag-uk tag-worth-watching wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>What does Britain mean to Egypt?<\/b> Multiculturalism, love of Mohamed Salah and great literature are some of the more positive responses to that questions that BBC got. Colonialism, a history of stirring trouble in the region and being a little too prone to hypocrisy some of the more negative. In this BBC program (<u><a href=\"https:\/\/www.bbc.co.uk\/sounds\/play\/w3csygx9\">listen, running time 26:29<\/a><\/u>), presenter Neil MacGregor talks to <u><a href=\"http:\/\/www.ahdafsoueif.com\/\">Ahdaf Soueif<\/a><\/u>, <u><a href=\"https:\/\/twitter.com\/YasmineShihata?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\">Yasmine Shihata<\/a><\/u> and <u><a href=\"http:\/\/aucegypt.academia.edu\/SaidSadek\">Said Sadek<\/a><\/u> about Egypt\u2019s relationship with Britain over the past 150 years. Among other things, they look at the British occupation, the impact of the Suez crisis, the troubling legacy of Britain\u2019s involvement in Iraq, Israel and Palestine, and the transformative effects of football.<\/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\/mohamed-salah\/\">Mohamed Salah<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/uk\/\">UK<\/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=\"601454\" 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=\"601454\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">Worth reading<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/africas-burgeoning-welfare-states\/\">\r\n                            Africa\u2019s burgeoning welfare states                        <\/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\/28\/africas-burgeoning-welfare-states\/\" 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\/28\/africas-burgeoning-welfare-states\/')\">\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\/28\/africas-burgeoning-welfare-states\/\">\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=Africa\u2019s burgeoning welfare states&url=https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/africas-burgeoning-welfare-states\/\">\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\/28\/africas-burgeoning-welfare-states\/&title=Africa\u2019s burgeoning welfare states\">\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=Africa%E2%80%99s+burgeoning+welfare+states+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F02%2F28%2Fafricas-burgeoning-welfare-states%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\/28\/africas-burgeoning-welfare-states\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/2\/1015.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"601455\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/africas-burgeoning-welfare-states\/1015-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/2\/1015.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1015.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/2\/1015.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/2\/1015.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-601454\" class=\"content-area-description single-story post-601454 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-reading tag-africa tag-development tag-enterpriseam tag-social-welfare tag-world-bank tag-worth-reading wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>Poorer African countries are starting up welfare systems with impressive results<\/b>, <u><a href=\"https:\/\/www.economist.com\/middle-east-and-africa\/2019\/02\/23\/how-africa-is-creating-welfare-states\">writes The Economist<\/a><\/u>. In the five-year period between 2010 and 2015, sub-Saharan countries launched an average of 14 welfare schemes per year, up from five between 2001 and 2009. And the schemes are not small commitments: social safety-nets in these countries cost an average of 1.2% of GDP, just shy of the 1.6% average for developing countries. While funding for these schemes range from foreign donors bearing the full cost of welfare (as is the case with Tanzania) or by the government (Senegal), money does get to the people who need it, with local communities playing a large role in determining who gets cash and how much.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/africa\/\">Africa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/development\/\">development<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/social-welfare\/\">social welfare<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-bank\/\">World Bank<\/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=\"601456\" 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=\"601456\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/egypt-south-korea-sign-mou-to-enhance-investment-relationship\/\">\r\n                            Egypt, South Korea sign MoU to enhance investment relationship                        <\/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\/28\/egypt-south-korea-sign-mou-to-enhance-investment-relationship\/\" 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\/28\/egypt-south-korea-sign-mou-to-enhance-investment-relationship\/')\">\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\/28\/egypt-south-korea-sign-mou-to-enhance-investment-relationship\/\">\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, South Korea sign MoU to enhance investment relationship&url=https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/egypt-south-korea-sign-mou-to-enhance-investment-relationship\/\">\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\/28\/egypt-south-korea-sign-mou-to-enhance-investment-relationship\/&title=Egypt, South Korea sign MoU to enhance investment relationship\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt%2C+South+Korea+sign+MoU+to+enhance+investment+relationship+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F02%2F28%2Fegypt-south-korea-sign-mou-to-enhance-investment-relationship%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\/28\/egypt-south-korea-sign-mou-to-enhance-investment-relationship\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-601456\" class=\"content-area-description single-story post-601456 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-diplomacy tag-diplomacy-foreign-trade tag-enterpriseam tag-investment-watch tag-manufacturing tag-south-korea wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>Egypt and South Korea signed yesterday a MoU to enhance their investment relationship,<\/b> the <u><a href=\"https:\/\/www.mubasher.info\/news\/3422612\/%D9%85%D8%B5%D8%B1-%D9%88%D9%83%D9%88%D8%B1%D9%8A%D8%A7-%D8%A7%D9%84%D8%AC%D9%86%D9%88%D8%A8%D9%8A%D8%A9-%D8%AA%D9%88%D9%82%D8%B9%D8%A7%D9%86-%D9%85%D8%B0%D9%83%D8%B1%D8%A9-%D8%AA%D9%81%D8%A7%D9%87%D9%85-%D9%84%D8%B2%D9%8A%D8%A7%D8%AF%D8%A9-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D9%88%D8%A7%D9%84%D9%85%D8%B4%D8%B1%D9%88%D8%B9%D8%A7%D8%AA-%D8%A7%D9%84%D9%85%D8%B4%D8%AA%D8%B1%D9%83%D8%A9\">Investment Ministry said in a statement<\/a><\/u>. The MoU aims to establish a framework to boost bilateral ties, exchange expertise and improve the business environment to accomplish development targets on both sides, the ministry said. The agreement came during a visit by an Egyptian delegation to the South Korean capital that kicked off earlier this week. Prime Minister Lee Nak-yeon <u><a href=\"https:\/\/enterprise.press\/stories\/2019\/02\/27\/south-korea-looking-to-increase-investments-in-egypt\/\">said yesterday<\/a><\/u> that South Korea is looking to boost economic ties with Egypt and cooperate with Cairo in the field of shipbuilding in the Suez Canal Economic Zone. During the visit, several companies including Hyundai Heavy Industries and Samsung Heavy Industries also expressed their interest in increasing investment in Egypt.<\/p>\n<p><b>President Abdel Fattah El Sisi met yesterday with Albanian President Ilir Meta<\/b> to discuss economic and political ties, as well as regional affairs, the State Information Service (SIS) <u><a href=\"http:\/\/www.sis.gov.eg\/Story\/137785\/Sisi-welcomes-Albanian-president-on-his-first-visit-to-Egypt?lang=en-us\">said in a statement<\/a><\/u>. The visit marked Meta\u2019s first visit to Egypt since he took office. The two countries agreed to form a committee to boost parliamentary ties and establish a business council.<\/p>\n<p><b>Egyptian agricultural exports to Saudi Arabia will require pre-shipment testing and approval starting from March<\/b>, according to Food Safety Authority head Hussein Mansour, <u><a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1373903\">reports Al Masry Al Youm.<\/a><\/u> The move comes after the Saudi Food and Drug Authority (SFDA) <u><a href=\"https:\/\/enterprise.press\/stories\/2018\/10\/25\/saudi-lifts-its-import-ban-on-egypts-guavas\/\">banned several agricultural products<\/a><\/u> last year due to concerns over high levels of pesticides.<\/p>\n<p><b>Egypt\u2019s foreign ministry has accused Turkey of \u201cshowing hatred\u201d<\/b> <u><a href=\"https:\/\/www.facebook.com\/MFAEgyptEnglish\/posts\/2308890399438536?__xts__%5B0%5D=68.ARAfk7Yo0xR6MaqsDH6dJJVhNnmgg40MNCpOFhL4sgLUGBBU8TE9reIYmYdBUe9EOTMlQkKcfTI2pes_o7VqbUS_UWjFxQy9RjJxYauWwLQ38-EGstY_i-6R5_Pjiw4RTN7g_b00oP_wtfhh68Z7_0w7WN5YaoOwTzr_ofl6hQa7c_I2-k0oNtCvvQHy3NAvG_vHhA85smtQRc3qcacGFjeUBmcumXu1Bo07gfRV_Qr3exbJ62iE_6_4BxE_PCPE53GbZYtrQULZu5KXRLOrBL4VRzhR4dyHz8REev4od40lnzC9W43KcW4ozNcB2GoZF1rfTWZbJSf59Zbbx73AbSQXhMKl1Md7hurTUHt5JmClE21xSpK0nN6sDbyv4-xlZGjDyvaaQ2QOz96_mFL85XgAJI6zzBQ_GRyJH6PotyYjfPSRgTXzUFvD_YlF6XkLfsQMuFByXd1Swl8QVEFteLpDlJgl7NacjR_pZ61FsSUP48d12SLCWt2-&__tn__=-R\">in an official statement.<\/a><\/u> The ministry condemned President Erdogan\u2019s \u201ccontinued embrace of the terrorist Brotherhood group,\u201d in response to accusations of EU \u201chypocrisy\u201d for attending this week\u2019s Sharm conference.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy-foreign-trade\/\">Diplomacy + Foreign Trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/south-korea\/\">South Korea<\/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=\"601457\" 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=\"601457\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/acciona-swicorp-complete-usd-180-mn-150-mw-solar-plans-in-egypts-benban\/\">\r\n                            Acciona, Swicorp complete USD 180 mn, 150 MW solar plans in Egypt\u2019s Benban                        <\/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\/28\/acciona-swicorp-complete-usd-180-mn-150-mw-solar-plans-in-egypts-benban\/\" 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\/28\/acciona-swicorp-complete-usd-180-mn-150-mw-solar-plans-in-egypts-benban\/')\">\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\/28\/acciona-swicorp-complete-usd-180-mn-150-mw-solar-plans-in-egypts-benban\/\">\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=Acciona, Swicorp complete USD 180 mn, 150 MW solar plans in Egypt\u2019s Benban&url=https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/acciona-swicorp-complete-usd-180-mn-150-mw-solar-plans-in-egypts-benban\/\">\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\/28\/acciona-swicorp-complete-usd-180-mn-150-mw-solar-plans-in-egypts-benban\/&title=Acciona, Swicorp complete USD 180 mn, 150 MW solar plans in Egypt\u2019s Benban\">\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=Acciona%2C+Swicorp+complete+USD+180+mn%2C+150+MW+solar+plans+in+Egypt%E2%80%99s+Benban+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F02%2F28%2Facciona-swicorp-complete-usd-180-mn-150-mw-solar-plans-in-egypts-benban%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\/28\/acciona-swicorp-complete-usd-180-mn-150-mw-solar-plans-in-egypts-benban\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-601457\" class=\"content-area-description single-story post-601457 post type-post status-publish format-standard hentry category-energy tag-energy tag-enterpriseam tag-renewables wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Spain\u2019s <u><a href=\"https:\/\/www.acciona-energia.com\/about-us\/\">Acciona Energia<\/a><\/u> and <u><a href=\"http:\/\/www.swicorp.com\/\">Saudi\u2019s Swicorp<\/a><\/u>-owned Enara Bahrain have completed three, USD 180 mn <u><a href=\"https:\/\/enterprise.press\/stories\/2017\/10\/18\/acciona-and-swicorp-to-build-three-pv-power-plants-in-benban\/\">solar photovoltaic plants<\/a><\/u> with a combined capacity of 150 MW in Aswan\u2019s Benban complex, <u><a href=\"https:\/\/www.acciona-energia.com\/pressroom\/news\/2019\/february\/acciona-swicorp-complete-assembly-three-photovoltaic-plants-ownership-egypt\/\">the former company announced<\/a><\/u>. One plant will begin commercial operations in a few days, with the remaining two due to go online in the next few weeks.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/renewables\/\">renewables<\/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=\"601459\" 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=\"601459\">\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\">Banking + Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/cbe-issues-guidelines-for-last-years-directive-requiring-banks-to-follow-ifrs-9\/\">\r\n                            CBE issues guidelines for last year\u2019s directive requiring banks to follow IFRS 9                        <\/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\/28\/cbe-issues-guidelines-for-last-years-directive-requiring-banks-to-follow-ifrs-9\/\" 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\/28\/cbe-issues-guidelines-for-last-years-directive-requiring-banks-to-follow-ifrs-9\/')\">\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\/28\/cbe-issues-guidelines-for-last-years-directive-requiring-banks-to-follow-ifrs-9\/\">\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=CBE issues guidelines for last year\u2019s directive requiring banks to follow IFRS 9&url=https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/cbe-issues-guidelines-for-last-years-directive-requiring-banks-to-follow-ifrs-9\/\">\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\/28\/cbe-issues-guidelines-for-last-years-directive-requiring-banks-to-follow-ifrs-9\/&title=CBE issues guidelines for last year\u2019s directive requiring banks to follow IFRS 9\">\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=CBE+issues+guidelines+for+last+year%E2%80%99s+directive+requiring+banks+to+follow+IFRS+9+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F02%2F28%2Fcbe-issues-guidelines-for-last-years-directive-requiring-banks-to-follow-ifrs-9%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\/28\/cbe-issues-guidelines-for-last-years-directive-requiring-banks-to-follow-ifrs-9\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-601459\" class=\"content-area-description single-story post-601459 post type-post status-publish format-standard hentry category-banking-finance tag-banking tag-banking-finance tag-enterpriseam tag-finance wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The Central Bank of Egypt has issued guidelines for a <u><a href=\"https:\/\/enterprise.press\/stories\/2018\/01\/31\/banks-to-begin-reporting-financials-under-ifrs-9-starting-from-2019-cbe\/\">previously announced<\/a><\/u> directive requiring banks to begin presenting their financial statements in accordance with the IFRS 9 accounting standards, <u><a href=\"https:\/\/www.amwalalghad.com\/2019\/02\/27\/%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D9%8A%D9%8F%D8%B5%D8%AF%D8%B1-%D8%A7%D9%84%D8%AA%D8%B9%D9%84%D9%8A%D9%85%D8%A7%D8%AA-%D8%A7%D9%84%D9%86%D9%87%D8%A7%D8%A6\/\">according to Amwal Al Ghad<\/a><\/u>. According to the guidelines, banks following fiscal year (as opposed to calendar) reporting will be required to comply with the standards starting from June. The guidelines also require banks to temporarily hire an additional auditor.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking-finance\/\">BANKING + FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/finance\/\">Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"601461\" 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=\"601461\">\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\">Other Business News of Note<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/investment-minister-explores-investment-opportunities-with-lg\/\">\r\n                            Investment minister explores investment opportunities with LG                        <\/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\/28\/investment-minister-explores-investment-opportunities-with-lg\/\" 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\/28\/investment-minister-explores-investment-opportunities-with-lg\/')\">\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\/28\/investment-minister-explores-investment-opportunities-with-lg\/\">\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=Investment minister explores investment opportunities with LG&url=https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/investment-minister-explores-investment-opportunities-with-lg\/\">\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\/28\/investment-minister-explores-investment-opportunities-with-lg\/&title=Investment minister explores investment opportunities with LG\">\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=Investment+minister+explores+investment+opportunities+with+LG+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F02%2F28%2Finvestment-minister-explores-investment-opportunities-with-lg%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\/28\/investment-minister-explores-investment-opportunities-with-lg\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-601461\" class=\"content-area-description single-story post-601461 post type-post status-publish format-standard hentry category-other-business-news-of-note tag-enterpriseam tag-investment-ministry tag-lg tag-other-business-news-of-note wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Investment Minister Sahar Nasr and Finance Minister Mohamed Maait met with vice president of LG Hong Bom-Shak to discuss increasing the company\u2019s investments in Egypt during their business trip in South Korea, <u><a href=\"http:\/\/www.miic.gov.eg\/Arabic\/MediaCenter\/News\/Pages\/--%D8%A7%D9%84-%D8%AC%D9%89-%D8%B6%D8%AE-%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9-%D9%81%D9%89-%D9%85%D8%B5%D8%B1-%D9%88%D8%A7%D9%84%D8%AA%D8%B5%D8%AF%D9%8A%D8%B1-%D9%84%D9%84%D8%B3%D9%88%D9%82-%D8%A7%D9%84%D8%A7%D9%81%D8%B1%D9%8A%D9%82%D9%89-%D8%AA%D8%AD%D8%AA-%D8%B4%D8%B9%D8%A7%D8%B1-%D8%B5%D9%86%D8%B9-%D9%81%D9%89-%D9%85%D8%B5%D8%B1.aspx\">according to an official statement<\/a><\/u>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-ministry\/\">investment ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/lg\/\">LG<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/other-business-news-of-note\/\">Other Business News of Note<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"601462\" 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=\"601462\">\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\">MORNING ROUTINE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/tarek-abdel-rahman-managing-partner-compass-capital\/\">\r\n                            Tarek Abdel Rahman, Managing Partner, Compass Capital                        <\/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\/28\/tarek-abdel-rahman-managing-partner-compass-capital\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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data-attachment-id=\"601463\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/tarek-abdel-rahman-managing-partner-compass-capital\/2760-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/2\/2760.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2760.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/2\/2760.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/2\/2760.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-601462\" class=\"content-area-description single-story post-601462 post type-post status-publish format-standard has-post-thumbnail hentry category-morning-routine tag-compass-capital tag-enterpriseam tag-morning-routine tag-my-morning-routine wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>Tarek Abdel Rahman, Managing Partner at Compass Capital:<\/b> My Morning Routine looks each week at how a successful member of the community starts their day \u2014 and then throws in a couple of random business questions just for fun. Speaking to us this week is Tarek Abdel Rahman, managing partner at private equity firm Compass Capital.<\/p>\n<p><b>I\u2019m Tarek Abdel Rahman,<\/b> I\u2019m 44 years-old and I\u2019m the managing partner at <u><a href=\"http:\/\/www.compass-cap.com\/\">Compass Capital<\/a><\/u>, a leading private equity firm with a focus on value investments.<\/p>\n<p><b>The truth is, anyone who works in private equity will always have a hundred things to do in a day<\/b>, because you have so many different areas of business to think about. As the managing partner, I lead transactions on the potential opportunities for Compass to buy promising businesses. This means a lot of strategic thinking and planning, scoping opportunities, leading teams to assess the potential of a company and managing the acquisition processes from management meetings to due diligence to negotiating transaction documents and price. A lot of time you need to move swiftly and seize a good opportunity when one is presented, so in the course of a day you often have to switch gears very rapidly and be agile and responsive. That\u2019s at the strategic level.<\/p>\n<p><b>After acquiring a company, your role shifts, and you really assume responsibility for it.<\/b> Since we are value investors and have an affinity for turnarounds, we get very involved in our portfolio companies, to the extent that sometimes at the early stage of the acquisition we become the executives of the company to make sure our game plan is implemented to extract maximum value. I am the acting CEO of <u><a href=\"http:\/\/www.bonyanegypt.com\/index.html\">Bonyan<\/a><\/u>, the company that owns the Walk of Cairo. We\u2019re extremely busy trying to get the Walk of Cairo ready for launch by September this year and are keen to introduce a retail and entertainment experience unseen before in the Egyptian market. This means taking care of numerous details to ensure everything is on track and that the company delivers to the standard we require. Then of course you have all the concerns that exist for any CEO \u2014 how to optimize performance, how to make sure your revenue generation is not only sustainable but steadily increasing, how to get the best from the company\u2019s team, build and retain talent. There are a lot of different things to think about.<\/p>\n<p><b>Because of this, my morning routine sets me up well for the day.<\/b> I wake fairly early, at 6:30 am, and head to the gym first thing. Then I check Enterprise as I\u2019m on my way into work; it\u2019s great for giving me a concentrated shot of all that is important in Egypt, the region and the world. I honestly don\u2019t know what I did before it was created. I pass by the Walk of Cairo and spend a couple of hours there to make sure things are on track and get some face time with the team. We\u2019re set to have well over 100 retailers \u2014 both local and international \u2014 in one gated outdoor space resembling the high streets of major European cities in terms of both size and setup, spanning 60,000 square meters of gross leasable space, so the amount of work going into it is huge. Then I head over to the Compass office and it\u2019s on with the rest of the day.<\/p>\n<p><b>What does this look like? Well truthfully, it\u2019s work work work for the day<\/b> but I try to be home around 8 pm to have dinner with my wife and kids and spend some time with them before heading to bed around 10 pm.<\/p>\n<p><b>I recently enjoyed reading <\/b><b><u><a href=\"https:\/\/www.amazon.com\/Smartest-Guys-Room-Amazing-Scandalous\/dp\/1591840538\">The Smartest Guys in the Room<\/a><\/u><\/b><b>,<\/b> which is about the rise and fall of Enron. <u><a href=\"https:\/\/www.amazon.com\/King-Capital-Remarkable-Schwarzman-Blackstone\/dp\/0307886026\">King of Capital<\/a><\/u>, another recent favorite, is more of a success story, but also has plenty of twists and turns and highly recommended to anyone in finance, especially on the investing side. I also found Orwell\u2019s <u><a href=\"https:\/\/www.amazon.com\/Nineteen-eighty-four-George-Orwell-ebook\/dp\/B004EEP7JW\">1984<\/a><\/u> a particularly important read, though of course it\u2019s very dark. And a less well known book I also found very interesting was <u><a href=\"https:\/\/www.amazon.com\/Lenin-Train-Catherine-Merridale\/dp\/1627793011\">Lenin on the Train<\/a><\/u>, which describes Lenin\u2019s journey back to Russia to lead the revolution in 1917. I\u2019m very big on TV series, and recently watched <u><a href=\"https:\/\/www.imdb.com\/title\/tt9425132\/\">The Ted Bundy Tapes<\/a><\/u> and <u><a href=\"https:\/\/www.imdb.com\/title\/tt2442560\/\">Peaky Blinders<\/a><\/u>.<\/p>\n<p><b>Compass Capital was established by my partner Shamel Aboul Fadl in 2010<\/b> and he always sought to grow the firm based on attracting talent and expertise.<\/p>\n<p><b>When it comes to the organizational culture we\u2019ve created,<\/b> we really value teamwork, discipline and rigor in our investment approach and when defining strategic initiatives to increase the value of our investments, as well as agility when it comes to the implementation process. We\u2019re sector agnostic, so we care much more about the business model of the companies we acquire, and the values that guide them. There are a lot of opportunities in Egypt, which is our main focus area. Still, we face many challenges in making sure we recruit the right people, ensuring that the right business plan is put in place and that they are supported effectively. We actually prefer distressed assets; we feel that the support we offer is very important in terms of turning a company\u2019s fortunes around.<\/p>\n<p><b>I believe that Compass Capital\u2019s niche is our genuinely hands-on approach.<\/b> We\u2019re very involved in the businesses we acquire and therefore we\u2019re very selective. We\u2019ve examined the prospect of buying 140 companies since 2010 and in the end we bought only four that we thought were a really good fit.<\/p>\n<p><b>People don\u2019t understand the level of involvement we have in our businesses.<\/b> For us, buying a business isn\u2019t just about financial acquisition. Not at all, in fact. In many cases we really take over. We become the management body of that business, and the business becomes ours while we implement our game plan. Then we bring the right management team on board to lead, and to pick up where we left off. So the whole process is about so much more than restructuring, or even maximizing profit \u2014 although of course these are both essential for it to work. We see something in the company when we buy it, then we want to make sure that the right plan is in place and is being implemented correctly so that the company fulfils its full potential.<\/p>\n<p><b>I think that the way we use data analytics will be a real game changer in the field of private equity.<\/b> Until now PE has not been affected by technology too much, although there have been some improvements in the way data is gathered and analyzed.<\/p>\n<p><b>I think the problem that occurred with Abraaj has affected the industry significantly, especially in terms of fundraising<\/b>, but I believe this will be a short-term effect. I expect in the long term much more competition in the PE space, which until now has had very few players in Egypt and the region as a whole.<\/p>\n<p><b>Unscheduled time is quite rare and precious, and I think I use it well: <\/b>spending time with my family, scuba diving, going out, reading, and watching TV shows and documentaries.<\/p>\n<p><b>Many people have given me great advice throughout my career.<\/b> Probably the best advice I\u2019ve ever been given was to listen more than I speak. Another thing I learnt is that no one is indispensable. The team is really more important than the individual.<\/p>\n<p><b>How do I stay organized?<\/b> I\u2019m a methodical person, so I have a to-do list that I make every day, and as I complete tasks, I tick them off one by one.<\/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\/compass-capital\/\">Compass Capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/morning-routine\/\">Morning routine<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/my-morning-routine\/\">MY MORNING ROUTINE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"601464\" 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=\"601464\">\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\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/the-market-yesterday-418\/\">\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\/28\/the-market-yesterday-418\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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CIB, the index heaviest constituent ended down 1.2%. EGX30\u2019s top performing constituents were Orascom Investment Holding up 3.0%, Arabia Investments up 1.4%, and Juhayna up 1.3%. Yesterday\u2019s worst performing stocks were Ezz Steel down 3.0%, Arab Cotton Ginning down 2.7% and Pioneers Holding down 2.4%. The market turnover was EGP 661 mn, and regional investors were the sole net sellers.<\/p>\n<p><b>Foreigners<\/b>: Net Long | EGP +5.3 mn<\/p>\n<p> <b>Regional<\/b>: Net Short | EGP -11.1 mn<\/p>\n<p> <b>Domestic<\/b>: Net Long | EGP +5.8 mn<\/p>\n<p><b>Retail<\/b>: 71.0% of total trades | 69.7% of buyers | 72.2% of sellers<\/p>\n<p> <b>Institutions<\/b>: 29.0% of total trades | 30.3% of buyers | 27.8% of sellers<\/p>\n<p><b>WTI:<\/b> USD 57.30 (+3.24%)<\/p>\n<p> <b>Brent:<\/b> USD 66.66 (+2.22%)<\/p>\n<p><b>Natural Gas<\/b> (Nymex, futures prices) USD 2.79 MMBtu, (-0.25%, Apr 2019)<\/p>\n<p> <b>Gold:<\/b> USD 1,322.50 \/ troy ounce (-0.45%)<\/p>\n<\/p>\n<p><b>TASI:<\/b> 8,472.50 (+0.19%) (YTD: +8.11%)<\/p>\n<p> <b>ADX:<\/b> 5,152.02 (+0.24%) (YTD: +4.82%)<\/p>\n<p> <b>DFM:<\/b> 2,675.80 (-0.30%) (YTD: +5.77%)<\/p>\n<p> <b>KSE Premier Market:<\/b> 5,538.96 (+0.67%)<\/p>\n<p> <b>QE:<\/b> 10,136.00 (-1.17%) (YTD: -1.58%)<\/p>\n<p> <b>MSM:<\/b> 4,112.31 (+0.57%) (YTD: -4.89%)<\/p>\n<p> <b>BB: <\/b>1,418.53 (+0.27%) (YTD: +6.08%)<\/p><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-market-yesterday\/\">The Market Yesterday<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"601465\" 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\/28\/601465\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-601465\" class=\"content-area-description single-story post-601465 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>26-28 February (Tuesday-Thursday): <u><a href=\"http:\/\/www.epri.sci.eg\/conf\/index.php\/about-us\/overview\">International Conference on Petroleum Mineral<\/a><\/u><\/p>\n<p><u><a href=\"http:\/\/www.epri.sci.eg\/conf\/index.php\/about-us\/overview\">Resources and Development<\/a><\/u>, 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>05 March (Tuesday): The EBRD will release its Transition Report 2018-19, \u201cWork in Transition,\u201d with a workshop led by Managing Director for the southern and eastern Mediterranean region Janet Heckman, Salon Vert Meeting Room, Cairo Marriott Zamalek.<\/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> to look into planned capital increase.<\/p>\n<p>10-12 March: Delegation of Japanese business visitors<\/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\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    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