{"id":602407,"date":"2019-03-27T03:55:51","date_gmt":"2019-03-27T03:55:51","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=602407"},"modified":"2025-12-16T22:47:31","modified_gmt":"2025-12-16T22:47:31","slug":"the-consensus-is-now-for-an-interest-rate-cut-tomorrow","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/the-consensus-is-now-for-an-interest-rate-cut-tomorrow\/","title":{"rendered":"The consensus is now for an interest rate cut tomorrow"},"content":{"rendered":"<section id=\"602409\" 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=\"602409\">\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\/03\/27\/what-were-tracking-on-27-march-2019\/\">\r\n                            What we\u2019re tracking on 27 March 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\/03\/27\/what-were-tracking-on-27-march-2019\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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href=\"https:\/\/api.whatsapp.com\/send?text=What+we%E2%80%99re+tracking+on+27+March+2019+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F03%2F27%2Fwhat-were-tracking-on-27-march-2019%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/what-were-tracking-on-27-march-2019\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-602409\" class=\"content-area-description single-story post-602409 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-abdelaziz-bouteflika tag-enterpriseam tag-global-economy tag-interest-rates tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_27645\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\">\n<p class=\"f-graphik\" style=\"font-size:14px\">Together with<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27482.svg\" alt=\"\" class=\"wp-image-27482\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a><b> Tomorrow is interest rate day, and we think it safe to now say the consensus is for a rate cut.<\/b> Here\u2019s our logic:<\/p><ul>\n<li>Adding new predictions from leading research houses to our <a href=\"https:\/\/enterprise.press\/stories\/2019\/03\/24\/enterprise-poll-cbe-could-cut-rates-by-up-to-100-bps-this-thursday\/\">poll of analysts<\/a>, we now count seven of 11 houses as calling a rate cut of up to 100 bps (one percentage point). <\/li>\n<li><a href=\"https:\/\/www.reuters.com\/article\/us-egypt-cenbank-poll\/egypts-central-bank-seen-maintaining-key-rates-reuters-poll-idUSKCN1R60HC\">Reuters<\/a>\u2019 poll earlier this week had eight out of 12 economists expecting the central bank to keep rates unchanged. <\/li>\n<li><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-03-26\/world-s-deepest-rate-cuts-beckon-in-egypt-after-dovish-fed-pivot?srnd=premium-middle-east\">Bloomberg<\/a> said overnight that \u201cmost economists\u201d it surveyed predict a 100 bps rate cut. <\/li>\n<\/ul><p><b>Needless to say, a rate cut would be good for businesses <\/b>that have delayed much-needed capex because borrowing costs are simply insane \u2014 credit-card level interest rates to finance an investment in your business makes no sense.<\/p><p><b>What\u2019s the logic: <\/b><\/p><ul>\n<li>First, <b>we import inflation<\/b> \u2014 and the 3.6% appreciation of the EGP since the start of the year is keeping that in check;<\/li>\n<li>Second, <b>the US Fed handed us a gift <\/b>by foreshadowing zero rate cuts this year, meaning Egypt will remain comparatively attractive to the carry trade after a rate cut (a good thing when it comes to keeping the EGP in balance); <\/li>\n<li>Third, it\u2019s now or \u2026 late 3Q, because <b>the coming months are going to see inflation tick up<\/b>. Ramadan (May), subsidy cuts (around 1 July), the summer months in general (coupled with Eid vacations) and back-to-school season (starting in September) are all inflationary and promote demand for greenbacks at the expense of the EGP.<\/li>\n<\/ul><p><b>Inflation could keep rates on hold in most other major African economies:<\/b> The central banks of Africa\u2019s other largest economies are also deciding on rates these days, and nearly all of them are expected to keep rates on hold due to \u201cupside risks in inflation,\u201d <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-03-26\/what-african-central-bankers-will-discuss-in-the-next-seven-days\">Bloomberg<\/a> says in a separate piece.<\/p><p class=\"web-image\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-03-25\/global-trade-takes-sharp-turn-down-with-biggest-drop-since-2009?srnd=premium-middle-east\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/3\/2810.jpg?ssl=1\"><\/a><\/p><p><b>There\u2019s no consensus in global markets about which way is up:<\/b> European shares were okay and US futures up yesterday, but Asian shares are slipping this morning as \u201cinvestors tried to come to terms with a sharp shift in US bond markets and the implications for the world\u2019s top economy,\u201d <a href=\"https:\/\/www.reuters.com\/article\/us-global-markets\/asian-shares-lose-steam-as-investors-grapple-with-u-s-recession-risk-idUSKCN1R803G\">Reuters<\/a> reports.<\/p><p><b>Bonds continue to be a concern though:<\/b> The yield on 10-year US Treasuries is still in an inverted status against short-term paper. This is concerning investors who see it as a sign of recession (more on this in this morning\u2019s Macro Picture, below).<\/p><p><b>And you may not want to look at the latest trade data\u2026<\/b> Global trade fell 1.8% in the first quarter of 2019 \u2014 the biggest drop since May 2009, according to World Trade Monitor stats <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-03-25\/global-trade-takes-sharp-turn-down-with-biggest-drop-since-2009?srnd=premium-middle-east\">seen by Bloomberg<\/a>. This is also the first quarterly drop on a year-on-year basis in nine years.<\/p><p><b>\u2026or at the looming \u201cearnings recession\u201d in the US<\/b>, where profit margins \u201care on track to suffer their first fall since 2015 as companies increasingly struggle to pass on costs of rising labour, transportation and raw materials to customers,\u201d <a href=\"https:\/\/www.ft.com\/content\/7895ae46-4f4f-11e9-b401-8d9ef1626294\">the FT<\/a> writes.<\/p><hr class=\"grey-line\"><p><b>Two stories about tech \/ tech-driven businesses worth reading<\/b> if you, like us, are nerds for that kind of thing:<\/p><ul>\n<li><b>Be cautious before buying into the upcoming wave of tech IPOs<\/b>, argues James Mackintosh in the <a href=\"https:\/\/www.wsj.com\/articles\/magical-thinking-about-unicorn-ipos-11553601780\">Wall Street Journal<\/a>. \u201cWhen all these supersmart backers of the best startups want to sell out, do you want to be on the other side of the trade?\u201d<\/li>\n<li><b>Why is Silicon Valley so obsessed with the virtue of suffering?<\/b> The <a href=\"https:\/\/www.nytimes.com\/2019\/03\/26\/style\/silicon-valley-stoics.html\">New York Times<\/a> looks at the popularity of Stoicism in the tech elite and wannabes. <\/li>\n<\/ul><p><b>And in regional news worth knowing:<\/b><\/p><ul>\n<li><b>Curtains for Bouteflika? <\/b>Algeria\u2019s army chief called for the constitutional removal of President Abdelaziz Bouteflikaon medical grounds. (<a href=\"https:\/\/arabic.cnn.com\/middle-east\/article\/2019\/03\/26\/chief-staff-algeria-102-article\">CNN Arabic<\/a>)<a href=\"https:\/\/arabic.cnn.com\/middle-east\/article\/2019\/03\/26\/chief-staff-algeria-102-article\">.<\/a> <\/li>\n<li><b>A UK hedge fund has turned its back on USD 300 mn in Saudi AUM<\/b>, \u201chighlighting disquiet about Saudi Arabia\u2019s human rights record.\u201d (<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-03-26\/hedge-fund-is-said-to-spurn-saudi-arabia-s-money-after-murder?srnd=premium-middle-east\">Bloomberg<\/a>)<\/li>\n<li><b>So much for the ceasefire: <\/b>There was renewed violence on the Gaza border last night as Hamas fired rockets into Israel, provoking retaliatory strikes and <a href=\"https:\/\/enterprise.press\/stories\/2019\/03\/26\/ceasefire-between-israel-and-hamas-brokered-by-egypt-2\/\">breaking the ceasefire<\/a> reportedly brokered by Egypt on Monday. (<a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL8N21D1EK\">Reuters<\/a>)<\/li>\n<\/ul><p><b>Making us smile this morning: <\/b>Ahmed Heikal\u2019s ERC has delivered 51k tons of fuel products (including 38k tons of Euro V-spec diesel) to EGPC, putting it on track to compete trial operations by 2Q, <a href=\"https:\/\/almalnews.com\/%D8%A7%D9%84%D9%82%D9%84%D8%B9%D8%A9-%D9%88%D8%B1%D8%AF%D9%86%D8%A7-51-%D8%A3%D9%84%D9%81-%D8%B7%D9%86-%D9%85%D9%88%D8%A7%D8%AF-%D8%A8%D8%AA%D8%B1%D9%88%D9%84%D9%8A%D8%A9-%D9%85%D9%86\/\">according to Al Mal.<\/a><\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/abdelaziz-bouteflika\/\">Abdelaziz Bouteflika<\/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\/interest-rates\/\">interest rates<\/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=\"602410\" 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  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class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/uber-and-subsidies-keep-talking-heads-busy-on-a-quiet-night\/\">\r\n                            Uber and subsidies keep talking heads busy on a quiet night                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/uber-and-subsidies-keep-talking-heads-busy-on-a-quiet-night\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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href=\"https:\/\/api.whatsapp.com\/send?text=Uber+and+subsidies+keep+talking+heads+busy+on+a+quiet+night+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F03%2F27%2Fuber-and-subsidies-keep-talking-heads-busy-on-a-quiet-night%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/uber-and-subsidies-keep-talking-heads-busy-on-a-quiet-night\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-602411\" class=\"content-area-description single-story post-602411 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-enterprise-last-nights-talk-shows tag-enterpriseam tag-ma-watch tag-subsidies tag-uber wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>Uber\u2019s acquisition of regional rival Careem<\/b> was (unsurprisingly) all over the airwaves last night. Our friend Khaled Ismail, chairman of HIMAngel, the high-profile angel investment fund, told Hona Al Asema the transaction has its benefits, but may hurt competitiveness in the domestic market <a href=\"https:\/\/www.youtube.com\/watch?v=TpdDhnq70-0\">(watch, runtime: 07:47).<\/a> We have everything you need to know about the acquisition in this morning\u2019s Speed Round, below.<\/p>\n<p><b>Egypt will fully eliminate subsidies on power bills in FY 2021-2022<\/b>, Electricity Minister Mohamed Shaker told Yahduth Fi Misr\u2019s Sherif Amer <a href=\"https:\/\/youtu.be\/ZSJAatIbCpY\">(watch, runtime: 08:14)<\/a>. The coming fiscal year and the one that follows will see partial subsidy cuts until the full elimination takes place.<\/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\/ma-watch\/\">M&amp;A Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/subsidies\/\">subsidies<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/uber\/\">Uber<\/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=\"602412\" 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=\"602412\">\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\/03\/27\/uber-careem-sign-agreement-to-proceed-with-acquisition\/\">\r\n                            Uber, Careem sign agreement to proceed with acquisition                        <\/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\/03\/27\/uber-careem-sign-agreement-to-proceed-with-acquisition\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The transaction is expected to close in 1Q2020, subject to regulatory approvals. If it goes through, the acquisition would consist of USD 1.7 bn of convertible notes and USD 1.4 bn in cash. Uber is poised to acquire Careem\u2019s core mobility, delivery (Careem Now) and payment (Careem Pay) businesses in all countries where Careem operates.<\/p>\n<p><b>So, what does the ride-sharing landscape look like post-transaction? <\/b>Uber and Careem will operate as separate brands (for now) even as Careem becomes a wholly-owned subsidiary of Uber. The Dubai-based firm will continue to be led by co-founder and CEO Mudassir Sheikha. Careem will report to its own board, which will consist of three Uber representatives and two from Careem.<\/p>\n<p><b>You can <\/b><a href=\"http:\/\/enterprise.press\/wp-content\/uploads\/2019\/03\/Uber-Careem-Transaction-Factsheet-1.pdf\"><b>check out the transaction fact sheet<\/b> here (pdf)<\/a>.<\/p>\n<p><b>What Uber and Careem\u2019s leadership had to say:<\/b> Careem\u2019s Sheikha sees the acquisition as a \u201cmilestone moment for us and the region [that] will serve as a catalyst for the region\u2019s technology ecosystem.\u201d The two companies joining forces will also help Uber \u201cexpand the strength\u201d of its platform with Careem\u2019s local know-how, Uber CEO Dara Khosrowshahi said.<\/p>\n<p><b>Read Khosrowshahi\u2019s email to Uber staff <\/b>here <a href=\"https:\/\/ent.news\/2019\/3\/745.pdf\">(pdf)<\/a>.<\/p>\n<p><b>The story is all the business press could talk about yesterday:<\/b> <a href=\"https:\/\/www.reuters.com\/article\/us-careem-m-a-uber\/uber-buys-rival-careem-in-31-billion-deal-to-dominate-ride-hailing-in-middle-east-idUSKCN1R70IM\">Reuters<\/a>, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-03-26\/uber-announces-3-1-billion-deal-to-buy-mideast-rival-careem\">Bloomberg<\/a>, the <a href=\"https:\/\/www.wsj.com\/articles\/uber-buys-careem-for-3-1-billion-to-conquer-middle-east-market-11553582700\">Wall Street Journal<\/a>, the <a href=\"https:\/\/www.ft.com\/content\/0ac58ab2-4f4a-11e9-9c76-bf4a0ce37d49\">Financial Times (paywall)<\/a>, and the <a href=\"https:\/\/www.nytimes.com\/2019\/03\/26\/business\/dealbook\/uber-careem-mideast-rival.html\">New York Times<\/a> had the story, as does every tech-focused outlet under the sun. \u201cFor Uber, the prize is the proof that it still can secure a dominant position in an emerging market following a series of [transactions] that have seen it retreat to the role of junior partner,\u201d <a href=\"https:\/\/www.bloomberg.com\/opinion\/articles\/2019-03-26\/uber-careem-middle-east-takeover-comes-with-surge-pricing\">Bloomberg highlighted<\/a>.<\/p>\n<p><b>For Uber, the move is a shot in the arm ahead of its upcoming IPO<\/b>, <a href=\"https:\/\/www.reuters.com\/article\/us-uber-careem-breakingviews\/breakingviews-uber-gets-an-ipo-boost-from-middle-east-deal-idUSKCN1R714W\">Reuters Breakingviews<\/a> notes. It also comes as Uber\u2019s US rival Lyft looks set to price its IPO shares above guidance, the <a href=\"https:\/\/www.wsj.com\/articles\/lyft-to-price-shares-above-targeted-range-of-62-to-68-in-ipo-11553614735\">WSJ<\/a> adds.<\/p>\n<p><b>The Egyptian Competition Authority (ECA) is not happy with the merger, <\/b><a href=\"http:\/\/enterprise.press\/wp-content\/uploads\/2019\/03\/Press-release-ECA.Uber_.pdf\">saying in a statement<\/a> that the combination of the two businesses \u201cmay lead to a significant impediment on effective competition in the markets\u201d by restricting choice for riders and drivers alike. The regulator will undertake an investigation once it has received formal confirmation from the companies and is due to announce its decision within 60 working days.<\/p>\n<p><b>The ECA previously <\/b><a href=\"https:\/\/enterprise.press\/stories\/2018\/10\/25\/egypt-competition-watchdog-warns-uber-and-careem-of-fines-up-to-egp-500-mn-each-in-case-of-merger\/\"><b>threatened both companies<\/b><\/a> with fines of up to EGP 500 mn apiece if they went through with a merger.<\/p>\n<p><b>Saudi companies are cashing in: <\/b>Kingdom Holding Company said in a <a href=\"https:\/\/www.tadawul.com.sa\/wps\/portal\/tadawul\/home\/announcement-details\/!ut\/p\/z1\/fZBBb4JAEIV_iweuzhQFsbfVWoFuqRYDsheykuliSlmzgCT99YXUS5O2c5l8L28ybwYEHEHU8npWsj3rWlYDZ8LNbXvt3S3nyLdBtEC2Z37ymBxmiA7E0kAKAsR_tvnNgH8UQwhBqEqfvley-jTzFAhDb2TITDszyGXbXpp7Cy3s-36qtFYVTQv9YeFvI6VuWjj-dA5BM7HII5-vffTsJy_cjTFXS8d3A9yGLqSGGt2ZguCVcZ5HmzTOk2CTwr6QRUmcrlTtpCKIx4sqWatupGx4wsAPLIPs8DK2y3vof3JK8-dV5KjJ5AsqosW3\/dz\/d5\/L0lHSklna0tDbEVLSUtVUW9ncFJBL29Od1FBRU1JQUFDRUVoZ0NLTTR6bEdDRklVbFF4Z1d0RzBaV2dBISEvNEpDaWpzWXBNaFRqVUUxdTBsc3BxYWEzYVMyTTFMSSEvWjdfTkhMQ0gwODJLMFRORjBBUVZPQ0JNRUtVMjIvWjZfTkhMQ0gwODJLMFRORjBBUVZPQ0JNRUtVSzYvQU5OT1VOQ0VNRU5UX05VTUJFUi81Mzk4MS9odHRwOiUwJTB0YWRhd3VsJTAvYW5uQ2F0LzEvY29tcGFueVN5bWJvbC80Mjgw\/\">disclosure to Tadawul<\/a> yesterday that it completed the sale of SR 1.25 bn-worth of Careem shares to Uber in the transaction. The Tadawul climbed yesterday as Careem shareholder Al Tayyar Group\u2019s shares rose 10% following the agreement, <a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL3N21D2S2\">Reuters reports<\/a>.<\/p>\n<p><b>So, how did Careem do it? <\/b>The Dubai-based company built a moat around its operations that Uber had to pay to penetrate, <a href=\"https:\/\/www.businessinsider.com\/careem-ceo-interview-why-uber-had-to-acquire-rival-2019-3\">Business Insider<\/a> argues, citing a recent interview with Sheikha, who pointed to the service\u2019s deep on-the-ground knowledge, including understanding that cash is king and having mapped \u201cevery building, every villa, every shopping mall\u201d because of local limitations of Google Maps.<\/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\/careem\/\">Careem<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ma-watch\/\">M&amp;A Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ride-hailing\/\">ride-hailing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/speed-round\/\">SPEED ROUND<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/uber\/\">Uber<\/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=\"602427\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"602428\" 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=\"602428\">\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\/03\/27\/why-the-inverted-us-yield-curve-could-spell-trouble-for-emerging-markets\/\">\r\n                            Why the inverted US yield curve could spell trouble for emerging markets                        <\/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\/03\/27\/why-the-inverted-us-yield-curve-could-spell-trouble-for-emerging-markets\/\" 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\/03\/27\/why-the-inverted-us-yield-curve-could-spell-trouble-for-emerging-markets\/')\">\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\/03\/27\/why-the-inverted-us-yield-curve-could-spell-trouble-for-emerging-markets\/\">\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=Why the inverted US yield curve could spell trouble for emerging markets&url=https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/why-the-inverted-us-yield-curve-could-spell-trouble-for-emerging-markets\/\">\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\/03\/27\/why-the-inverted-us-yield-curve-could-spell-trouble-for-emerging-markets\/&title=Why the inverted US yield curve could spell trouble for emerging markets\">\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=Why+the+inverted+US+yield+curve+could+spell+trouble+for+emerging+markets+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F03%2F27%2Fwhy-the-inverted-us-yield-curve-could-spell-trouble-for-emerging-markets%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\/03\/27\/why-the-inverted-us-yield-curve-could-spell-trouble-for-emerging-markets\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/738.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"602429\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/why-the-inverted-us-yield-curve-could-spell-trouble-for-emerging-markets\/738-jpg-11\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/738.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"738.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/738.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/738.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-602428\" class=\"content-area-description single-story post-602428 post type-post status-publish format-standard has-post-thumbnail hentry category-the-macro-picture tag-bonds tag-economy tag-emerging-markets tag-enterpriseam tag-interest-rates 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-05\"><\/a> <b>Why the inverted US yield curve could spell trouble for emerging markets:<\/b> An inverted US yield curve could be the harbinger of hard times for emerging markets, <a href=\"https:\/\/www.bloomberg.com\/opinion\/articles\/2019-03-24\/will-emerging-markets-retreat-after-u-s-yield-curve-inverted\">Shuli Ren writes for Bloomberg<\/a>. The yield spread between US three-month and 10-year Treasuries turned negative for the first time in over a decade on Friday, something that has presaged each of the past seven recessions in the US.<\/p>\n<p><b>\u201cBut what is an inverted yield curve?\u201d we hear you ask:<\/b> The yield curve measures the differences in interest rates paid on bonds of all maturities. A conventional curve will feature low rates attached to short-term bonds, with the yield increasing as the maturity increases. This is because short-term bonds are generally seen as being lower risk (there\u2019s less time in which something can go wrong), while long-term bonds are more likely to be affected by interest rate changes, defaults and economic slowdowns. The inverted curve flips this on its head, with short-term bonds carrying higher yields than long-term bonds. In this case, the yield on <a href=\"https:\/\/www.cnbc.com\/2019\/03\/25\/the-us-bond-yield-curve-has-inverted-heres-what-it-means.html\">three-month US Treasurys<\/a> rose to 2.46% on Monday, higher than the 2.42% rate on 10-years.<\/p>\n<p><b>And how does this affect emerging markets?<\/b> One school of thought tells us that this might be a positive development for EM. Increasing chances of a US recession makes it more likely that the Federal Reserve will lower rates. And the last time US curves inverted in 2006, EM high-yield bonds were unaffected \u2014 at least initially. But the threat of a US recession \u2014 one that is indirectly driven by China\u2019s underlying economic problems and increasingly wild stimulus measures \u2014 is real. \u201cThe last time this happened, EM debt happily churned along for a few months, until one day the music stopped,\u201d Ren says. \u201cThat party ended in tears.\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\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/emerging-markets\/\">emerging markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/interest-rates\/\">interest rates<\/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=\"602430\" 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=\"602430\">\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\">Image of the Day<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/vintage-cars-take-cairo-auto-fans-down-memory-lane\/\">\r\n                            Vintage cars take Cairo auto fans down memory lane                        <\/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\/03\/27\/vintage-cars-take-cairo-auto-fans-down-memory-lane\/\" 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\/03\/27\/vintage-cars-take-cairo-auto-fans-down-memory-lane\/')\">\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\/03\/27\/vintage-cars-take-cairo-auto-fans-down-memory-lane\/\">\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=Vintage cars take Cairo auto fans down memory lane&url=https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/vintage-cars-take-cairo-auto-fans-down-memory-lane\/\">\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\/03\/27\/vintage-cars-take-cairo-auto-fans-down-memory-lane\/&title=Vintage cars take Cairo auto fans down memory lane\">\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=Vintage+cars+take+Cairo+auto+fans+down+memory+lane+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F03%2F27%2Fvintage-cars-take-cairo-auto-fans-down-memory-lane%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\/03\/27\/vintage-cars-take-cairo-auto-fans-down-memory-lane\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/3\/1276.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"602431\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/vintage-cars-take-cairo-auto-fans-down-memory-lane\/1276-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/3\/1276.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1276.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/3\/1276.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/3\/1276.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-602430\" class=\"content-area-description single-story post-602430 post type-post status-publish format-standard has-post-thumbnail hentry category-image-of-the-day tag-automotive tag-classic tag-enterpriseam tag-image-of-the-day wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>Vintage car lovers were able to feast their eyes on 250 classic vehicles of all shapes and sizes <\/b>at the 7th Cairo Classic Meet, held in Cairo\u2019s Smart Village Club on Saturday. For all those who could happily spend hours arguing why a 1967 Ford Mustang is better than a Chevrolet Camaro, <a href=\"http:\/\/www.xinhuanet.com\/english\/2019-03\/24\/c_137918868_4.htm\">Xinhua<\/a> has a selection of pictures.<\/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\/automotive\/\">automotive<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/classic\/\">classic<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/image-of-the-day\/\">IMAGE OF THE DAY<\/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=\"602432\" 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=\"602432\">\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\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/chinas-planned-textile-complex-could-spell-doom-for-egypts-local-industry\/\">\r\n                            China\u2019s planned textile complex could spell doom for Egypt\u2019s local industry                        <\/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\/03\/27\/chinas-planned-textile-complex-could-spell-doom-for-egypts-local-industry\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The government could have capitalized on the company\u2019s interest in the sector to develop existing facilities with the \u201cdecades of experience\u201d under Mankai\u2019s belt \u2014 and help local firms build an international presence, the head of the Federation of Egyptian Industries\u2019 textiles division says. On the flipside, however, some say the Chinese complex will actually be a boon for Egypt\u2019s economy without harming local industry, since its output will be earmarked for export and therefore will not eat into the domestic market.<\/p>\n<p>Other stories worth a skim this morning:<\/p>\n<ul>\n<li><b>Egyptian hero earns Italian citizenship:<\/b> Italian deputy PM Matteo Salvini has approved granting citizenship toRamy Shehata, the Egyptian boy living in Italy who saved his school bus from a hijack attempt last week, <a href=\"https:\/\/www.bbc.com\/news\/world-europe-47710443\">reports The BBC.<\/a> <\/li>\n<li><b>Terrorism list updates:<\/b> The decision to put 145 people, including senior Muslim Brotherhood figures and supporters, on Egypt\u2019s \u201cterrorism list\u201d was upheld by a court on Tuesday, a judicial source revealed, according to <a href=\"http:\/\/www.arabnews.com\/node\/1472891\/middle-east\">AFP<\/a>. <\/li>\n<li><b>Forty years of peace:<\/b> The <a href=\"https:\/\/www.wsj.com\/articles\/40-years-of-peace-between-israel-and-egypt-11553555618?mod=searchresults&page=1&pos=2\">WSJ<\/a> looks back at the 40-year peace between Egypt and Israel.<\/li>\n<li><b>But is it really peace? <\/b>What we have is strategic cooperation, rather than a \u201cwarm peace\u201d consisting of vibrant relations between the two societies, <a href=\"http:\/\/en.rfi.fr\/middle-east\/20190326-fourty-years-after-camp-david-accords-me-peace-still-far-away\">RFI argues<\/a>.<\/li>\n<li><b>Putting an end to harassment:<\/b> Two young Egyptian men have launched Fyonka, a female driver and passenger only ride-hailing app designed to curb harassment, <a href=\"https:\/\/www.efe.com\/efe\/english\/life\/female-taxi-drivers-in-egypt-combat-sexual-harassment\/50000263-3935419?utm_source=wwwefecom&utm_medium=rss&utm_campaign=rss\">EFE<\/a> reports. <\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/belt-and-road-initiative\/\">Belt and Road Initiative<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/industry\/\">industry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/textiles\/\">textiles<\/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=\"602433\" 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=\"602433\">\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\">ON THE FRONT PAGES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/el-sisi-meets-bulgarian-president-to-talk-economic-and-military-cooperation\/\">\r\n                            El Sisi meets Bulgarian president to talk economic and military cooperation                        <\/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\/03\/27\/el-sisi-meets-bulgarian-president-to-talk-economic-and-military-cooperation\/\" 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\/03\/27\/el-sisi-meets-bulgarian-president-to-talk-economic-and-military-cooperation\/')\">\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\/03\/27\/el-sisi-meets-bulgarian-president-to-talk-economic-and-military-cooperation\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=El Sisi meets Bulgarian president to talk economic and military cooperation&url=https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/el-sisi-meets-bulgarian-president-to-talk-economic-and-military-cooperation\/\">\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\/03\/27\/el-sisi-meets-bulgarian-president-to-talk-economic-and-military-cooperation\/&title=El Sisi meets Bulgarian president to talk economic and military cooperation\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=El+Sisi+meets+Bulgarian+president+to+talk+economic+and+military+cooperation+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F03%2F27%2Fel-sisi-meets-bulgarian-president-to-talk-economic-and-military-cooperation%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\/03\/27\/el-sisi-meets-bulgarian-president-to-talk-economic-and-military-cooperation\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-602433\" class=\"content-area-description single-story post-602433 post type-post status-publish format-standard hentry category-on-the-front-pages tag-bulgaria tag-diplomacy tag-enterpriseam tag-on-the-front-pages tag-security wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>President Abdel Fattah El Sisi\u2019s meeting with Bulgarian President Rumen Radev yesterday<\/b> topped the front pages of all three state-owned newspapers this morning (<a href=\"http:\/\/www.ahram.org.eg\/News\/202967\/25\/702174\/%D8%A7%D9%84%D8%A3%D9%88%D9%84%D9%89\/%D9%85%D8%AC%D9%84%D8%B3-%D8%A3%D8%B9%D9%85%D8%A7%D9%84-%D9%85%D8%B4%D8%AA%D8%B1%D9%83-%D8%A8%D9%8A%D9%86-%D9%85%D8%B5%D8%B1-%D9%88%D8%A8%D9%84%D8%BA%D8%A7%D8%B1%D9%8A%D8%A7-%D8%A7%D9%84%D8%B3%D9%8A%D8%B3%D9%89-%D8%AA%D9%88%D8%A7%D9%81%D9%82-%D8%A7%D9%84%D8%B1.aspx\">Al Ahram<\/a> | <a href=\"http:\/\/www.algomhuria.net.eg\/algomhuria\/today\/fpage\/\">Al Gomhuria<\/a> | <a href=\"https:\/\/www.pressreader.com\/egypt\/al-akhbar\">Al Akhbar<\/a>). The two sides discussed regional affairs and efforts to strengthen economic and military ties, Al Ahram reported. Fighting terrorism was also a main point of discussion during the summit, Al Gomhuria and Al Akhbar highlighted.<\/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\/bulgaria\/\">Bulgaria<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/on-the-front-pages\/\">On The Front Pages<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <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=\"602434\" 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=\"602434\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">Worth watching<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/worlds-most-populous-cities-since-1500\/\">\r\n                            World\u2019s most populous cities since 1500                        <\/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\/03\/27\/worlds-most-populous-cities-since-1500\/\" 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\/03\/27\/worlds-most-populous-cities-since-1500\/')\">\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\/03\/27\/worlds-most-populous-cities-since-1500\/\">\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=World\u2019s most populous cities since 1500&url=https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/worlds-most-populous-cities-since-1500\/\">\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\/03\/27\/worlds-most-populous-cities-since-1500\/&title=World\u2019s most populous cities since 1500\">\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=World%E2%80%99s+most+populous+cities+since+1500+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F03%2F27%2Fworlds-most-populous-cities-since-1500%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\/03\/27\/worlds-most-populous-cities-since-1500\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/3\/1511.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"602435\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/worlds-most-populous-cities-since-1500\/1511-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/3\/1511.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1511.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/3\/1511.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/3\/1511.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-602434\" class=\"content-area-description single-story post-602434 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-watching tag-enterpriseam tag-worth-watching wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>Cairo was one of the most populous cities in the world in 1500 (it\u2019s nowhere near the top now)<\/b>. Making the rounds of the internet these days is one of the better marriages of spare time, data, and graphics: This bar chart race of the world\u2019s most populous cities since 1500. Cairo comes in third fresh out of the gate at 400k inhabitants and stays around the top until about 1600, when East Asian cities (Kyoto, Agra, Beijing) start taking the population density cake. London, Paris, and New York make a comeback in the mid-1850s but Tokyo wins the day with a greater metropolitan population of 38 mn (<a href=\"https:\/\/www.youtube.com\/watch?v=k2uoqJmJaGo\">watch, runtime: 1:00<\/a>).<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"602436\" 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=\"602436\">\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\/03\/27\/foreign-minister-meets-us-officials-in-washington\/\">\r\n                            Foreign Minister meets US officials in Washington                        <\/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\/03\/27\/foreign-minister-meets-us-officials-in-washington\/\" 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\/03\/27\/foreign-minister-meets-us-officials-in-washington\/')\">\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\/03\/27\/foreign-minister-meets-us-officials-in-washington\/\">\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=Foreign Minister meets US officials in Washington&url=https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/foreign-minister-meets-us-officials-in-washington\/\">\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\/03\/27\/foreign-minister-meets-us-officials-in-washington\/&title=Foreign Minister meets US officials in Washington\">\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=Foreign+Minister+meets+US+officials+in+Washington+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F03%2F27%2Fforeign-minister-meets-us-officials-in-washington%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\/03\/27\/foreign-minister-meets-us-officials-in-washington\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-602436\" class=\"content-area-description single-story post-602436 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-diplomacy tag-diplomacy-foreign-trade tag-enterpriseam tag-terrorism tag-us wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>Foreign Minister Sameh Shoukry met with Democratic and Republican senators in Washington yesterday<\/b> for discussions about combating terrorism, Egypt\u2019s economic development, and several regional issues, <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/328906\/Egypt\/Politics-\/Egypts-FM-meets-US-officials-in-Washington-visit.aspx\">Ahram Online<\/a> reports. Shoukry emphasized the importance of the strategic relationship between Egypt and the US, as well as the need for continued US support to address the threat of terrorism and ensure regional stability. It is expected that he will meet US Secretary of State Mike Pompeo in the coming days.<\/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\/terrorism\/\">terrorism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us\/\">US<\/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=\"602437\" 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=\"602437\">\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\/03\/27\/finance-ministry-issues-financial-guarantee-for-oyoun-moussa-plant\/\">\r\n                            Finance Ministry issues financial guarantee for Oyoun Moussa plant                        <\/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\/03\/27\/finance-ministry-issues-financial-guarantee-for-oyoun-moussa-plant\/\" 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\/03\/27\/finance-ministry-issues-financial-guarantee-for-oyoun-moussa-plant\/')\">\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\/03\/27\/finance-ministry-issues-financial-guarantee-for-oyoun-moussa-plant\/\">\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=Finance Ministry issues financial guarantee for Oyoun Moussa plant&url=https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/finance-ministry-issues-financial-guarantee-for-oyoun-moussa-plant\/\">\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\/03\/27\/finance-ministry-issues-financial-guarantee-for-oyoun-moussa-plant\/&title=Finance Ministry issues financial guarantee for Oyoun Moussa plant\">\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=Finance+Ministry+issues+financial+guarantee+for+Oyoun+Moussa+plant+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F03%2F27%2Ffinance-ministry-issues-financial-guarantee-for-oyoun-moussa-plant%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\/03\/27\/finance-ministry-issues-financial-guarantee-for-oyoun-moussa-plant\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-602437\" class=\"content-area-description single-story post-602437 post type-post status-publish format-standard hentry category-energy tag-al-nowais tag-egyptian-electricity-holding-company tag-energy tag-enterpriseam tag-investment-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The Finance Ministry issued a financial guarantee for Al Nowais\u2019 USD 4 bn 2.65 GW Oyoun Moussa coal plant, a source from the Electricity Ministry <a href=\"https:\/\/almalnews.com\/%D8%A7%D9%84%D9%83%D9%87%D8%B1%D8%A8%D8%A7%D8%A1-%D8%AA%D8%AA%D8%B3%D9%84%D9%85-%D8%A7%D9%84%D8%B6%D9%85%D8%A7%D9%86%D8%A9-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D9%84%D9%85%D8%B4\/\">tells Al Mal<\/a>. Al Nowais had <a href=\"https:\/\/enterprise.press\/stories\/2019\/01\/31\/al-nowais-eetc-to-sign-power-plant-agreement-in-1q2019\/\">previously said<\/a> it is putting up 70% of the capital for the project, and was in talks with backers in Singapore, South Korea, China, and Egypt to fund the remaining 30%. The Emirati investment group is expected to sign a power purchase agreement with the Egyptian Electricity Transmission Company (EETC) by 1Q2019.<\/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\/al-nowais\/\">Al Nowais<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egyptian-electricity-holding-company\/\">Egyptian Electricity Holding 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\/investment-watch\/\">investment watch<\/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=\"602439\" 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=\"602439\">\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\">Basic Materials + Commodities<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/supply-ministry-fixes-sugar-price-at-egp-7500\/\">\r\n                            Supply Ministry fixes sugar price at EGP 7,500                        <\/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\/03\/27\/supply-ministry-fixes-sugar-price-at-egp-7500\/\" 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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7,500&url=https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/supply-ministry-fixes-sugar-price-at-egp-7500\/\">\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\/03\/27\/supply-ministry-fixes-sugar-price-at-egp-7500\/&title=Supply Ministry fixes sugar price at EGP 7,500\">\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=Supply+Ministry+fixes+sugar+price+at+EGP+7%2C500+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F03%2F27%2Fsupply-ministry-fixes-sugar-price-at-egp-7500%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\/03\/27\/supply-ministry-fixes-sugar-price-at-egp-7500\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-602439\" class=\"content-area-description single-story post-602439 post type-post status-publish format-standard hentry category-basic-materials-commodities tag-basic-materials-commodities tag-commodities tag-delta-sugar tag-enterpriseam tag-supply-ministry wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The Supply Ministry reached an agreement with sugar beet producers to set the price of beet sugar for the current season at EGP 7,500 per tonne, <a href=\"https:\/\/almalnews.com\/%D8%A7%D9%84%D8%AA%D9%85%D9%88%D9%8A%D9%86-%D8%AA%D8%AA%D9%81%D9%82-%D9%85%D8%B9-%D8%B4%D8%B1%D9%83%D8%A7%D8%AA-%D8%A7%D9%84%D8%A8%D9%86%D8%AC%D8%B1-%D8%B9%D9%84%D9%89-%D8%A8%D9%8A%D8%B9\/\">according to Al Mal<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/basic-materials-commodities\/\">Basic Materials + Commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/commodities\/\">commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/delta-sugar\/\">Delta Sugar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/supply-ministry\/\">Supply Ministry<\/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=\"602442\" 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=\"602442\">\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\">Real Estate + Housing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/mnhd-approves-minka-real-estate-investment-offer-for-land-plot-in-taj-city\/\">\r\n                            MNHD approves Minka Real Estate Investment offer for land plot in Taj City                        <\/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\/03\/27\/mnhd-approves-minka-real-estate-investment-offer-for-land-plot-in-taj-city\/\" 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\/03\/27\/mnhd-approves-minka-real-estate-investment-offer-for-land-plot-in-taj-city\/')\">\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\/03\/27\/mnhd-approves-minka-real-estate-investment-offer-for-land-plot-in-taj-city\/\">\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=MNHD approves Minka Real Estate Investment offer for land plot in Taj City&url=https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/mnhd-approves-minka-real-estate-investment-offer-for-land-plot-in-taj-city\/\">\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\/03\/27\/mnhd-approves-minka-real-estate-investment-offer-for-land-plot-in-taj-city\/&title=MNHD approves Minka Real Estate Investment offer for land plot in Taj City\">\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=MNHD+approves+Minka+Real+Estate+Investment+offer+for+land+plot+in+Taj+City+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F03%2F27%2Fmnhd-approves-minka-real-estate-investment-offer-for-land-plot-in-taj-city%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\/03\/27\/mnhd-approves-minka-real-estate-investment-offer-for-land-plot-in-taj-city\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-602442\" class=\"content-area-description single-story post-602442 post type-post status-publish format-standard hentry category-real-estate-housing tag-enterpriseam tag-madinet-masr-for-housing-and-development tag-real-estate tag-real-estate-housing wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Madinet Nasr Housing and Development\u2019s (MNHD) board of directors approved on Monday an offer from <a href=\"https:\/\/www.minka.life\/\">Minka Real Estate Investment<\/a> to purchase a 3,360 sqm piece of non-residential land in MNHD\u2019s Taj City project for a total of EGP 184.8 mn, <a href=\"https:\/\/ent.news\/2019\/3\/3031.pdf\">MNHD said in a statement (pdf)<\/a>. The plot is in the first phase of Taj City\u2019s office park, will be used to develop a hotel apartments project.<\/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\/madinet-masr-for-housing-and-development\/\">Madinet Masr for Housing and Development<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate\/\">real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate-housing\/\">Real Estate + Housing<\/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=\"602444\" 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=\"602444\">\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\">Telecoms + ICT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/balances-in-e-wallets-to-become-interest-bearing\/\">\r\n                            Balances in e-wallets to become interest bearing?                        <\/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\/03\/27\/balances-in-e-wallets-to-become-interest-bearing\/\" 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\/03\/27\/balances-in-e-wallets-to-become-interest-bearing\/')\">\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\/03\/27\/balances-in-e-wallets-to-become-interest-bearing\/\">\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=Balances in e-wallets to become interest bearing?&url=https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/balances-in-e-wallets-to-become-interest-bearing\/\">\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\/03\/27\/balances-in-e-wallets-to-become-interest-bearing\/&title=Balances in e-wallets to become interest bearing?\">\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=Balances+in+e-wallets+to+become+interest+bearing%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F03%2F27%2Fbalances-in-e-wallets-to-become-interest-bearing%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\/03\/27\/balances-in-e-wallets-to-become-interest-bearing\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-602444\" class=\"content-area-description single-story post-602444 post type-post status-publish format-standard hentry category-telecoms-ict tag-banking tag-enterpriseam tag-financial-inclusion tag-fintech tag-telecoms-ict wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The Central Bank of Egypt (CBE) is mulling whether interest should be paid on funds left in e-wallets to give users incentives to activate dormant accounts as part of the country\u2019s financial inclusion drive, <a href=\"https:\/\/almalnews.com\/%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D9%8A%D8%AF%D8%B1%D8%B3-%D8%A7%D9%84%D8%B3%D9%85%D8%A7%D8%AD-%D8%A8%D9%85%D9%86%D8%AD-%D9%81%D8%A7%D8%A6%D8%AF%D8%A9-%D8%B9%D9%84%D9%89-%D9%85\/\">sources tell Al Mal<\/a>. The CBE is also almost done with new regulations for the e-wallets, which will <a href=\"https:\/\/enterprise.press\/stories\/2018\/11\/26\/cbe-to-provide-mobile-lending-services-in-1h2019\/\">allow mobile lending<\/a> and raise the ceiling of payments, the sources added.<\/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\/financial-inclusion\/\">financial inclusion<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fintech\/\">Fintech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/telecoms-ict\/\">Telecoms + ICT<\/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=\"602445\" 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=\"602445\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">14<\/div>\r\n\r\n                    <p class=\"f-graphik\">Banking + Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/gth-board-approves-rescheduling-of-usd-100-mn-loan-from-majority-shareholder\/\">\r\n                            GTH board approves rescheduling of USD 100 mn loan from majority shareholder                        <\/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\/03\/27\/gth-board-approves-rescheduling-of-usd-100-mn-loan-from-majority-shareholder\/\" 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\/03\/27\/gth-board-approves-rescheduling-of-usd-100-mn-loan-from-majority-shareholder\/')\">\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\/03\/27\/gth-board-approves-rescheduling-of-usd-100-mn-loan-from-majority-shareholder\/\">\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=GTH board approves rescheduling of USD 100 mn loan from majority shareholder&url=https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/gth-board-approves-rescheduling-of-usd-100-mn-loan-from-majority-shareholder\/\">\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\/03\/27\/gth-board-approves-rescheduling-of-usd-100-mn-loan-from-majority-shareholder\/&title=GTH board approves rescheduling of USD 100 mn loan from majority shareholder\">\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=GTH+board+approves+rescheduling+of+USD+100+mn+loan+from+majority+shareholder+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F03%2F27%2Fgth-board-approves-rescheduling-of-usd-100-mn-loan-from-majority-shareholder%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\/03\/27\/gth-board-approves-rescheduling-of-usd-100-mn-loan-from-majority-shareholder\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-602445\" class=\"content-area-description single-story post-602445 post type-post status-publish format-standard hentry category-banking-finance tag-banking tag-banking-finance tag-enterpriseam tag-finance tag-governance wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Global Telecom Holding\u2019s (GTH) board of directors has approved a three-month extension on the maturity of a USD 100 mn revolving credit facility from majority shareholder Veon Holdings, <a href=\"http:\/\/www.egx.com.eg\/downloads\/News\/%D8%AC%D9%84%D9%88%D8%A8%D8%A7%D9%84%20%D9%85%D8%AC%D9%84%D8%B3%2026-03-2019.pdf\">according to an EGX disclosure (pdf)<\/a>. The debt was originally due to be settled on 31 May. GTH said <a href=\"https:\/\/enterprise.press\/stories\/2019\/03\/25\/gth-kicks-to-26-june-general-assembly-meeting-to-vote-for-egp-11-2-mn-capital-increase\/\">earlier this week<\/a> it had postponed to 26 June a general assembly meeting to vote for a capital increase of EGP 11.2 bn after Veon rescheduled the repayment of this debt and another also due in May.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking-finance\/\">BANKING + FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/finance\/\">Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/governance\/\">governance<\/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=\"602446\" 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=\"602446\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">15<\/div>\r\n\r\n                    <p class=\"f-graphik\">Other Business News of Note<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/house-approves-govt-budget-account-for-2017-18\/\">\r\n                            House approves gov\u2019t budget account for 2017-18                        <\/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\/03\/27\/house-approves-govt-budget-account-for-2017-18\/\" 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\/03\/27\/house-approves-govt-budget-account-for-2017-18\/')\">\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\/03\/27\/house-approves-govt-budget-account-for-2017-18\/\">\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=House approves gov\u2019t budget account for 2017-18&url=https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/house-approves-govt-budget-account-for-2017-18\/\">\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\/03\/27\/house-approves-govt-budget-account-for-2017-18\/&title=House approves gov\u2019t budget account for 2017-18\">\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=House+approves+gov%E2%80%99t+budget+account+for+2017-18+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F03%2F27%2Fhouse-approves-govt-budget-account-for-2017-18%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\/03\/27\/house-approves-govt-budget-account-for-2017-18\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-602446\" class=\"content-area-description single-story post-602446 post type-post status-publish format-standard hentry category-other-business-news-of-note tag-budget-watch tag-enterpriseam tag-house-of-representatives 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>The House of Representatives has given its final nod to a government-proposed draft bill that finalizes the results of its FY 2017-18 budget, <a href=\"http:\/\/www.ahram.org.eg\/News\/202967\/136\/702288\/%D9%85%D8%AA%D8%A7%D8%A8%D8%B9%D8%A7%D8%AA\/%D8%A7%D9%84%D8%A8%D8%B1%D9%84%D9%85%D8%A7%D9%86-%D9%8A%D9%88%D8%A7%D9%81%D9%82-%D9%86%D9%87%D8%A7%D8%A6%D9%8A%D8%A7-%D8%B9%D9%84%D9%89-%D9%85%D8%B4%D8%B1%D9%88%D8%B9-%D9%82%D8%A7%D9%86%D9%88%D9%86-%D8%B1%D8%A8%D8%B7-%D8%A7%D9%84%D8%AD%D8%B3%D8%A7%D8%A8-%D8%A7.aspx\">Al Ahram reported<\/a>. The legislation puts expenses at EGP 1.244 tn, revenues at EGP 821 bn and loans at EGP 700 bn. Final results also show the government spent EGP 240 on salary and benefits for civil servants, EGP 53.88 bn on commodities and EGP 437 bn on debt service. It also spent EGP 329 bn on subsidies, grants and other social programs.<\/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\/budget-watch\/\">budget watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/house-of-representatives\/\">House of Representatives<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"602448\" 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=\"602448\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">16<\/div>\r\n\r\n                    <p class=\"f-graphik\">Egypt Politics + Economics<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/parliament-wants-to-survey-state-owned-companies-assets\/\">\r\n                            Parliament wants to survey state-owned companies\u2019 assets                        <\/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\/03\/27\/parliament-wants-to-survey-state-owned-companies-assets\/\" 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\/03\/27\/parliament-wants-to-survey-state-owned-companies-assets\/')\">\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\/03\/27\/parliament-wants-to-survey-state-owned-companies-assets\/\">\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=Parliament wants to survey state-owned companies\u2019 assets&url=https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/parliament-wants-to-survey-state-owned-companies-assets\/\">\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\/03\/27\/parliament-wants-to-survey-state-owned-companies-assets\/&title=Parliament wants to survey state-owned companies\u2019 assets\">\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=Parliament+wants+to+survey+state-owned+companies%E2%80%99+assets+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F03%2F27%2Fparliament-wants-to-survey-state-owned-companies-assets%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\/03\/27\/parliament-wants-to-survey-state-owned-companies-assets\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-602448\" class=\"content-area-description single-story post-602448 post type-post status-publish format-standard hentry category-egypt-politics-economics tag-egypt-politics-economics tag-enterpriseam tag-house-of-representatives tag-public-enterprises-ministry wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The House of Representatives\u2019 economic and industry committees have submitted a formal request to the Public Enterprises Ministry to set up a specialized committee to survey and value state-owned companies\u2019 assets, <a href=\"https:\/\/www.alborsaanews.com\/2019\/03\/26\/1189620\">according to the local press<\/a>. House reps are looking to have these assets dealt with in a similar way to those under the planned EGP 200 bn sovereign wealth fund, and without private sector involvement. The committees have also requested that the companies present their detailed development and restructuring plans to parliament within one month.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-politics-economics\/\">Egypt Politics + Economics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/house-of-representatives\/\">House of Representatives<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/public-enterprises-ministry\/\">Public Enterprises Ministry<\/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=\"602449\" 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=\"602449\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">17<\/div>\r\n\r\n                    <p class=\"f-graphik\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/egypt-loses-to-nigeria-sets-international-record\/\">\r\n                            Egypt loses to Nigeria...sets international record                        <\/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\/03\/27\/egypt-loses-to-nigeria-sets-international-record\/\" 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\/03\/27\/egypt-loses-to-nigeria-sets-international-record\/')\">\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\/03\/27\/egypt-loses-to-nigeria-sets-international-record\/\">\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 loses to Nigeria...sets international record&url=https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/egypt-loses-to-nigeria-sets-international-record\/\">\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\/03\/27\/egypt-loses-to-nigeria-sets-international-record\/&title=Egypt loses to Nigeria...sets international record\">\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+loses+to+Nigeria...sets+international+record+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F03%2F27%2Fegypt-loses-to-nigeria-sets-international-record%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\/03\/27\/egypt-loses-to-nigeria-sets-international-record\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-602449\" class=\"content-area-description single-story post-602449 post type-post status-publish format-standard hentry category-on-your-way-out tag-enterpriseam tag-nigeria wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Egypt lost to Nigeria in yesterday\u2019s football friendly as both sides kicked off preparations for the upcoming African Nations Cup tournament, <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/6\/52\/328914\/Sports\/National-Teams\/Egypt-lose-to-Nigeria-in-friendly-after-conceding-.aspx\">reports Ahram Online<\/a>. The Egyptian side was more concerned with setting records though: Nigeria scored the second fastest goal in the history of international football, taking them less than 8 seconds to seal the affair.<\/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\/nigeria\/\">Nigeria<\/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=\"602450\" 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=\"602450\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">18<\/div>\r\n\r\n                    <p class=\"f-graphik\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/the-market-yesterday-437\/\">\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\/03\/27\/the-market-yesterday-437\/\" 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\/03\/27\/the-market-yesterday-437\/')\">\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\/03\/27\/the-market-yesterday-437\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=The Market Yesterday&url=https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/the-market-yesterday-437\/\">\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\/03\/27\/the-market-yesterday-437\/&title=The Market Yesterday\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=The+Market+Yesterday+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F03%2F27%2Fthe-market-yesterday-437%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\/03\/27\/the-market-yesterday-437\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-602450\" class=\"content-area-description single-story post-602450 post type-post status-publish format-standard hentry category-the-market-yesterday tag-enterpriseam tag-the-market-yesterday wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><p><b>EGP \/ USD CBE market average: <\/b>Buy 17.24 | Sell 17.34<b><\/p>\n<p> EGP \/ USD at CIB:<\/b> Buy 17.23 | Sell 17.33<\/p>\n<p> <b>EGP \/ USD at NBE: <\/b>Buy 17.24 | Sell 17.34<\/p>\n<p><b>EGX30<\/b> (Tuesday): 14,637 (-0.2%)<\/p>\n<p> <b>Turnover:<\/b> EGP 832 mn (11% below the 90-day average)<\/p>\n<p> <b>EGX 30 year-to-date<\/b>: +12.3%<\/p>\n<p><b>THE MARKET ON TUESDAY:<\/b> The EGX30 ended Tuesday\u2019s session down 0.2%. CIB, the index heaviest constituent ended down 0.4%. EGX30\u2019s top performing constituents were Orascom Development Egypt up 3.6%, Global Telecom up 2.2%, and Orascom Investment Holdings up 2.0%. Yesterday\u2019s worst performing stocks were SODIC down 2.8%, Qalaa Holdings down 2.2% and Pioneers Holding down 1.7%. The market turnover was EGP 832 mn, and local investors were the sole net buyers.<\/p>\n<p><b>Foreigners<\/b>: Net Short | EGP -102.3 mn<\/p>\n<p> <b>Regional<\/b>: Net Short | EGP -7.2 mn<\/p>\n<p> <b>Domestic<\/b>: Net Long | EGP +109.5 mn<\/p>\n<p><b>Retail<\/b>: 57.8% of total trades | 61.0% of buyers | 54.7% of sellers<\/p>\n<p> <b>Institutions<\/b>: 42.2% of total trades | 39.0% of buyers | 45.3% of sellers<\/p>\n<p><b>WTI:<\/b> USD 60.04 (+0.17%)<\/p>\n<p> <b>Brent:<\/b> USD 68.09 (+0.18%)<\/p>\n<p><b>Natural Gas<\/b> (Nymex, futures prices) USD 2.72 MMBtu, (-0.62%, Apr 2019)<\/p>\n<p> <b>Gold:<\/b> USD 1,323.60 \/ troy ounce (+0.18%)<\/p>\n<\/p>\n<p><b>TASI:<\/b> 8,678.88 (+0.14%) (YTD: +10.89%)<\/p>\n<p> <b>ADX:<\/b> 5,126.86 (+0.17%) (YTD: +4.31%)<\/p>\n<p> <b>DFM:<\/b> 2,615.17 (-0.73%) (YTD: +3.38%)<\/p>\n<p> <b>KSE Premier Market:<\/b> 5,900.14 (-0.73%)<\/p>\n<p> <b>QE:<\/b> 9,935.47 (-0.14%) (YTD: -3.53%)<\/p>\n<p> <b>MSM:<\/b> 4,049.40 (-1.90%) (YTD: -6.34%)<\/p>\n<p> <b>BB: <\/b>1,408.04 (-0.56%) (YTD: +5.29%)<\/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=\"602451\" 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\/03\/27\/602451\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-602451\" class=\"content-area-description single-story post-602451 post type-post status-publish format-standard hentry category-calendar wpautop entry\">\n\n\t\t\t<hr class=\"wp-block-separator has-text-color has-primary-color has-alpha-channel-opacity has-primary-background-color has-background is-style-wide\">\n\n\t\t<h2 class=\"wp-block-heading mt-0 has-primary-color has-text-color has-link-color has-normal-font-size\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\">\n\t\t\t<strong> CALENDAR<\/strong>\n\t\t<\/h2>\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>28 March (Thursday): Central Bank of Egypt\u2019s monetary policy committee will meet to review interest rates.<\/p>\n<p>28-30 March (Thursday-Saturday): <a href=\"http:\/\/egyptscience.net\/AMLTA19\/home.html\">International Conference on Advanced Machine Learning<\/a> Technologies and Applications, Venue TBD, Cairo, Egypt.<\/p>\n<p>30 March (Saturday): <a href=\"https:\/\/egypt.tradersfair.com\/\">Traders Fair<\/a>, Nile Ritz Carlton, Garden City, Cairo, Egypt.<\/p>\n<p>30-31 March (Saturday-Sunday): <a href=\"https:\/\/www.ierek.com\/events\/architecture-engineering-and-technology#introduction\">International Conference on Architecture Engineering and Technologies<\/a>, Grand Nile Tower Hotel, Cairo, Egypt.<\/p>\n<p>April: The African Tripartite Trade Area (<a href=\"https:\/\/en.wikipedia.org\/wiki\/Tripartite_Free_Trade_Area\">TFTA<\/a>) agreement is set to take effect in April after a majority from the participating governments ratified it, <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=12122018&id=fa6e13de-e3be-48fc-a76d-b65af91f3545\">COMESA Secretary General Chileshe Kapwepwe said<\/a>.<\/p>\n<p>April: A World Bank delegation <a href=\"https:\/\/www.alborsaanews.com\/2019\/03\/10\/1184974\">will be in town<\/a> to review current investment legislation, economic policies and administrative for next year\u2019s Ease of Doing Business Report.<\/p>\n<p>April: Russian companies will receive the first 1 square-km plot in the 5.2 square-km Russian Industrial Zone within the Suez Canal Economic Zone<\/p>\n<p>April: The EUR 250k first phase of Egypt\u2019s national waste management program will kick off.<\/p>\n<p>1-3 April (Monday-Wednesday): <a href=\"http:\/\/www.infraafrica-me.com\/\">Infra Africa & Middle East Expo<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>2-5 April: <a href=\"https:\/\/yearofenergy2019.com\/appo\/\">APPO Cape VII petroleum and energy conference<\/a>, Malabo, Equatorial Guinea.<\/p>\n<p>4 April: Egypt\u2019s Emirates NBD PMI for March released.<\/p>\n<p>4-6 April: LafargeHolcim <a href=\"https:\/\/www.lafargeholcim-foundation.org\/media\/news\/forum\/forum-2019-announcement\">Forum for sustainable Construction<\/a>, American University in Cairo.<\/p>\n<p>10 April: <a href=\"https:\/\/www.facebook.com\/events\/egypt-retail-summit-2019\/1252116284943127\/\">Egyptian Retail Summit<\/a> (ERS 2019), Nile Ritz Carlton, Garden City, Cairo, Egypt.<\/p>\n<p>9-11 April (Tuesday-Thursday): <a href=\"http:\/\/www.mtc.edu.eg\/mtcwebsite\/ReadMore.aspx?id=6\">International Conference on Aerospace Sciences & Aviation Technology<\/a>, Military Technical College, Cairo.<\/p>\n<p>9-12 April (Tuesday-Friday): <a href=\"http:\/\/www.icnt.org\/\">International Conference on Network Technology<\/a>, The British University in Egypt, Cairo.<\/p>\n<p>9-12 April (Tuesday-Friday): <a href=\"http:\/\/www.icsie.org\/\">International Conference on Software and Information Engineering<\/a>, The British University in Egypt, Cairo.<\/p>\n<p>16-17 April (Tuesday-Wednesday): <a href=\"https:\/\/www.metalbulletin.com\/events\/north-africa-iron-and-steel-conference\/details.html\">North Africa Iron and Steel Conference<\/a>, Four Seasons Nile Plaza, Cairo.<\/p>\n<p>17-18 April (Wednesday-Thursday): <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-01-14\/opec-leaves-market-guessing-as-it-struggles-to-set-meeting-date\">OPEC+ meeting<\/a>, Vienna, Austria.<\/p>\n<p>21 April (Sunday): A court <a href=\"http:\/\/www.egx.com.eg\/downloads\/Bulletins\/227700_1.pdf\">will look into<\/a> a lawsuit by a subsidiary of Arabian Investments, Development and Financial Investment Holding Co. (AIND) against Peugeot Citroen. The lawsuit, seeking EUR 150 mn in damages, was <a href=\"https:\/\/alborsaanews.com\/2019\/02\/04\/1174960\">postponed from 17 March<\/a>.<\/p>\n<p>21 April (Sunday): <a href=\"http:\/\/www.rtise-emea.com\/en\/index.php\/en\/\">RT Imaging Summit & Expo-EMEA<\/a>, InterContinental City Stars, Nasr City, Cairo, Egypt.<\/p>\n<p>21-22 April (Sunday-Monday): <a href=\"http:\/\/www.egyptcsrforum.com\/\">Egypt CSR Summit<\/a>, InterContinental City Stars, Nasr City, Cairo, Egypt.<\/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 will hold its two-day policy meeting to review the interest rate.<\/p>\n<p>May: 50 Egyptian companies are set to <a href=\"https:\/\/www.elwatannews.com\/news\/details\/4078286\">visit Libya<\/a> to discuss trade, investment and reconstruction.<\/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 will meet to review interest rates.<\/p>\n<p>1H2019 (date TBD): Investment Minister Sahar Nasr <a href=\"https:\/\/www.almalnews.com\/Story\/414224\/15\/-%D8%B3%D9%81%D9%8A%D8%B1-%D8%A7%D9%84%D9%85%D9%83%D8%B3%D9%8A%D9%83-%D8%A8%D8%A7%D9%84%D9%82%D8%A7%D9%87%D8%B1%D8%A9--%D9%88%D9%81%D8%AF-%D9%85%D8%B5%D8%B1%D9%89-%D9%81%D9%89-%C2%AB%D9%85%D9%83%D8%B3%D9%8A%D9%83%D9%88-%D8%B3%D9%8A%D8%AA%D9%89%C2%BB-%D9%85%D9%86%D8%AA\">will head a delegation<\/a> of businessmen into Mexico City to explore cooperation avenues with the Latin American country.<\/p>\n<p>June: International Forum for small and medium enterprises (SMEs).<\/p>\n<p>04-05 June (Tuesday-Wednesday): <a href=\"https:\/\/www.ges2019.org\/\">Global Entrepreneurship Summit<\/a>, The Hague, the Netherlands<\/p>\n<p>05-06 June (Wednesday-Thursday): Eid El Fitr (TBC).<\/p>\n<p>11-12 June (Tuesday-Wednesday): <a href=\"http:\/\/www.szwgroup.com\/offshore-mena-congress-2019\/\">Offshore Congress MENA<\/a>, InterContinental Semiramis, Cairo.<\/p>\n<p>16-17 June (Sunday-Monday): Mega Projects Conference, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>16-18 June (Sunday-Tuesday): Middle East & Africa Rail Show, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>17-18 June (Monday-Tuesday): <a href=\"https:\/\/www.terrapinn.com\/exhibition\/seamless-north-africa\/index.stm\">Seamless North Africa<\/a>, Nile Ritz-Carlton, Cairo.<\/p>\n<p>17-19 June (Monday-Wednesday): <a href=\"http:\/\/platforms-root-technologies.com\/ctw\/\">Cairo Technology Week<\/a>, Hilton Heliopolis, Cairo.<\/p>\n<p>18-19 June (Tuesday-Wednesday): US Federal Open Market Committee will hold its two-day policy meeting to review the interest rate.<\/p>\n<p>23 June (Sunday): <a href=\"http:\/\/www.almalnews.com\/Story\/413580\/11\/%D8%AA%D8%A3%D8%AC%D9%8A%D9%84-%D9%86%D8%B8%D8%B1-%D8%AF%D8%B9%D9%88%D9%89-%D8%B6%D8%AF-%D9%85%D8%AC%D9%85%D9%88%D8%B9%D8%AA%D9%8A-%D8%A8%D9%88%D8%B1%D8%AA%D9%88-%D9%88%D8%B9%D8%A7%D9%85%D8%B1-%D8%AC%D8%B1%D9%88%D8%A8-%D8%A5%D9%84%D9%89-23-%D9%8A%D9%88%D9%86%D9%8A\">Cairo Arbitration Court hearing<\/a> for Amer Group vs. Antaradous for Touristic Development<\/p>\n<p>28-29 June (Friday-Saturday): <a href=\"https:\/\/www.japan.go.jp\/g20japan\/\">G20 Global Economic Summit<\/a>, Osaka, Japan.<\/p>\n<p>30 June (Sunday): June 2013 protests anniversary, national holiday.<\/p>\n<p>11 July (Thursday): Central Bank of Egypt\u2019s monetary policy committee will meet to review interest rates.<\/p>\n<p>19-21 July (Friday-Sunday): <a href=\"http:\/\/ledmiddleeast-expo.com\/\">LED Middle East Expo<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>23 July (Tuesday): 23 July revolution anniversary, national holiday.<\/p>\n<p>30-31 July (Tuesday-Wednesday): US Federal Open Market Committee will hold its two-day policy meeting to review the interest rate.<\/p>\n<p>7-11 August (Wednesday-Sunday) Eid El Adha (TBC).<\/p>\n<p>22 August (Thursday): Central Bank of Egypt\u2019s monetary policy committee will meet to review interest rates.<\/p>\n<p>29 August (Thursday): Islamic New Year (TBC), national holiday.<\/p>\n<p>2-4 September (Monday-Wednesday): <a href=\"https:\/\/www.thebig5constructegypt.com\/\">The Big 5 Construct Egypt<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>8-11 September (Sunday-Wednesday): <a href=\"https:\/\/www.saharaexpo.com\/en\/home.html\">Sahara Expo<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>17-18 September (Tuesday-Wednesday): US Federal Open Market Committee will hold its two-day policy meeting to review the interest rate.<\/p>\n<p>26 September (Thursday): Central Bank of Egypt\u2019s monetary policy committee will meet to review interest rates.<\/p>\n<p>6 October (Sunday): Armed Forces Day, national holiday.<\/p>\n<p>10-13 October (Tuesday-Sunday): <a href=\"http:\/\/biwarabia.com\/en\/\">Big Industrial Week Arabia 2019<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>23-24 October (Wednesday-Thursday): <a href=\"http:\/\/platforms-root-technologies.com\/icec-2019\/\">Intelligent Cities Exhibition & Conference<\/a>, Hilton Heliopolis, Cairo.<\/p>\n<p>23 October-1 November (Wednesday-Friday): CIB PSA Women\u2019s World Championship, Great Pyramid of Giza, Cairo.<\/p>\n<p>29-30 October (Tuesday-Wednesday): US Federal Open Market Committee will hold its two-day policy meeting to review the interest rate.<\/p>\n<p>3-5 November (Sunday-Tuesday): <a href=\"https:\/\/www.electricxegypt.com\/en\/Homepage.html\">Electrix 2019<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>9 November (Saturday): Prophet Mohammed's birthday, national holiday.<\/p>\n<p>10-14 November (Sunday-Thursday): <a href=\"https:\/\/geomeast.org\/\">GeoMEast International Congress and Exhibition<\/a>, Marriott, Cairo.<\/p>\n<p>14-17 November (Thursday-Sunday): <a href=\"http:\/\/www.mactech.com.eg\/\">Machtech Expo<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>14-17 November (Thursday-Sunday): <a href=\"http:\/\/www.transpotech-eg.com\/\">Transpotech Expo<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>14-17 November (Thursday-Sunday): <a href=\"http:\/\/www.airtech-eg.com\/\">Airtech Expo<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>December: Egypt <a href=\"https:\/\/www.almalnews.com\/Story\/402348\/14\/-%D9%85%D8%B5%D8%B1-%D8%AA%D8%B3%D8%AA%D8%B6%D9%8A%D9%81-%D9%85%D8%B9%D8%B1%D8%B6--%D8%A8%D8%A7%D9%83-%D8%A8%D8%B1%D9%88%D8%B3%D9%8A%D8%B3--%D8%A7%D9%84%D8%B9%D8%A7%D9%85-%D8%A7%D9%84%D9%85%D9%82%D8%A8%D9%84-\">will host for the first time<\/a> the Pack Process trade expo for the Middle East and African region.<\/p>\n<p>3-6 December (Tuesday-Friday): <a href=\"http:\/\/www.cairowoodshow.com\/\">Cairo WoodShow<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>9-11 December (Monday-Wednesday): <a href=\"http:\/\/www.pacprocess-mea.com\/\">Pacprocess Middle East Africa<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>9-11 December (Monday-Wednesday): <a href=\"http:\/\/www.foodafrica-expo.com\/\">Food Africa 2019 Expo<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>10-11 December (Tuesday-Wednesday): US Federal Open Market Committee will hold its two-day policy meeting to review the interest rate.<\/p>\n<p>26 December (Thursday): Central Bank of Egypt\u2019s monetary policy committee will meet to review interest rates.<\/p>\n<p>9-12 January 2020 (Tuesday-Sunday): <a href=\"http:\/\/www.plastex-online.com\/\">PLASTEX<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>25 January 2020 (Saturday): 25 January revolution anniversary \/ Police Day, national holiday.<\/p>\n<p>11-13 February 2020 (Tuesday-Thursday): <a href=\"https:\/\/www.egyps.com\/\">Egypt Petroleum Show<\/a>, Egypt International<\/p>\n<p>Exhibition Center, Nasr City, Cairo.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":602408,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-602407","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"cae351c6-7857-4e13-ace2-14a03f594131","teaser":"","photo_url":"https:\/\/ent.news\/2017\/9\/2016.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>The consensus is now for an interest rate cut tomorrow - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/issues\/the-consensus-is-now-for-an-interest-rate-cut-tomorrow\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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