{"id":602612,"date":"2019-04-02T04:05:55","date_gmt":"2019-04-02T04:05:55","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=602612"},"modified":"2025-12-16T22:55:02","modified_gmt":"2025-12-16T22:55:02","slug":"bank-mds-wont-face-term-limits-under-new-banking-act-report","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/bank-mds-wont-face-term-limits-under-new-banking-act-report\/","title":{"rendered":"Bank MDs won\u2019t face term limits under new banking act -report"},"content":{"rendered":"<section id=\"602614\" 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=\"602614\">\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\/04\/02\/what-were-tracking-on-02-april-2019\/\">\r\n                            What we\u2019re tracking on 02 April 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\/04\/02\/what-were-tracking-on-02-april-2019\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The Tax Authority will soon make clear how it will calculate every business\u2019 mandatory contributions to the national healthcare system, which include a 0.25% tithe on revenues as well as a per-employee contribution. Business has been lobbying to <a href=\"https:\/\/enterprise.press\/stories\/2019\/03\/20\/government-considering-making-healthcare-tithe-on-profits-not-revenues\/\">convert the 0.25% levy<\/a> on revenues (which is not tax deductible in its current form) into a separate surtax on profits instead. With the April tax filing deadline looming, clarity will be a very welcome thing indeed.<\/p><p><b>SMART POLICY #1- Egypt is targeting lower yields on local debt in the next fiscal year<\/b>, Mirette Magdy reports for <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-04-01\/now-debt-leary-egypt-tests-investors-by-eyeing-lower-yields\">Bloomberg<\/a>, writing that the government is targeting a 15.5% average yield on treasury bills and bonds against 18% in the current FY. Magdy quotes EFG Hermes\u2019 Mohamed Abu Basha as saying that investors are likely to \u201ckeep decent exposure to the Egyptian market\u201d nonetheless.<\/p><p><b>SMART POLICY #2- The Red Sea governorate is banning single-use plastics. <\/b>Setting aside our genetic predisposition to sarcasm and criticism, may we suggest that the Red Sea governorate\u2019s <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/329238\/Egypt\/Politics-\/Egypts-Red-Sea-governorate-bans-singleuse-plastics.aspx\">planned ban starting in June<\/a> on plastic bags, straws, forks, cups and knives is very sound policy? Whether or not that includes bottled water, either way it will be hell to enforce, but still\u2026<\/p><p><b>The global economy got some reasonable news yesterday <\/b>as US and Chinese manufacturing data suggested the world\u2019s two largest economies perked up in March, the <a href=\"https:\/\/www.wsj.com\/articles\/factory-slowdown-adds-to-gloom-over-global-economy-11554123173\">WSJ<\/a> notes. Europe\u2019s manufacturing sector, meanwhile, suffered its biggest fall in output in six years.<\/p><p><b>Among the domestic events and news triggers <\/b>you can expect in the next couple of days:<\/p><ul>\n<li><b>AmCham\u2019s Doorknock lobbying tour of Washington, DC, continues <\/b>until Friday. We have our first report from the road in this morning\u2019s Speed Round, below.<\/li>\n<li><b>The Markit \/ Emirates NBD purchasing managers\u2019 index for March <\/b>is expected on Thursday. The index, which surveys non-oil business activity in Egypt, fell to a 17-month low in <a href=\"https:\/\/enterprise.press\/stories\/2019\/03\/06\/egypts-non-oil-business-activity-falls-to-17-month-low-pmi\/\">last month\u2019s reading<\/a>.<\/li>\n<li><b>The CBE\u2019s net foreign reserves position <\/b>is due out sometime this week. Reserves climbed to USD 44.060 bn <a href=\"https:\/\/enterprise.press\/stories\/2019\/03\/05\/egypts-fx-reserves-reach-usd-44-060-bn-at-end-february\/\">at the end of February<\/a>.<\/li>\n<li><b>Egypt\u2019s monthly inflation figures<\/b>, from both the central bank and CAPMAS, are expected on 10 April. Annual headline inflation accelerated to 14.4% in <a href=\"https:\/\/enterprise.press\/stories\/2019\/03\/11\/inflation-back-on-the-rise-throwing-continued-easing-cycle-to-doubt\/\">February<\/a>, up from 12.7% the previous month.<\/li>\n<li><b>Renaissance Capital\u2019s annual Egypt Investors Conference in Cape Town<\/b> on 9-10 April. EGX Chairman Mohamed Farid will deliver the keynote address on expanding the role of capital markets in Egypt\u2019s economy. <a href=\"https:\/\/ent.news\/2019\/4\/2904.pdf\">Tap or click here to view the preliminary agenda for the event (pdf)<\/a>.<\/li>\n<\/ul><p class=\"web-image\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-04-01\/saudi-aramco-profit-dwarfed-the-biggest-global-companies-in-2018?srnd=premium-middle-east\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/4\/2711.jpg?ssl=1\"><\/a><\/p><p><b>Aramco generates more profit than Apple, ExxonMobil and Amazon \u2014 combined.<\/b> Saudi Aramco reported earnings of USD 111 bn last year in a prospectus released to investors ahead of an expected USD 10 bn bond issuance, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-04-01\/saudi-aramco-profit-dwarfed-the-biggest-global-companies-in-2018?srnd=premium-middle-east\">Bloomberg reports<\/a>. The issuance is intended to finance the USD 69.1 bn acquisition of a 70% stake in Saudi Basic Industries Corp (SABIC). The world\u2019s top oil producer\u2019s 2018 earnings were well ahead of Apple\u2019s reported USD 60 bn, Exxon\u2019s USD 21 bn, and Amazon\u2019s USD 10 bn. <a href=\"https:\/\/www.wsj.com\/articles\/aramco-is-the-most-profitable-company-on-earth-ratings-agencies-say-11554102173\">The WSJ has more<\/a>.<\/p><p><b>Other regional news worth noting this morning:<\/b><\/p><ul>\n<li><b>Algerian President Abdelaziz Bouteflika will step down by the end of the month <\/b>when his term comes to an end, according to <b><a href=\"https:\/\/www.bbc.com\/news\/world-africa-47776725\">media reports<\/a><\/b>.<\/li>\n<li><b>Dubai fears the end of its \u201cbuild it and they will come\u201d model<\/b>, the <b><a href=\"https:\/\/www.ft.com\/content\/4d169d0c-4be4-11e9-8b7f-d49067e0f50d\">Financial Times<\/a><\/b> writes in its Big Read.<\/li>\n<li><b>March saw OPEC\u2019s oil supply sink to a four-year low<\/b>, \u201cas top exporter Saudi Arabia over-delivered on the group\u2019s supply-cutting pact while Venezuelan output fell further due to sanctions and power outages,\u201d <a href=\"https:\/\/www.reuters.com\/article\/us-oil-opec-survey\/opec-march-oil-output-sinks-on-saudi-cuts-venezuela-blackouts-idUSKCN1RD26N\">Reuters reports<\/a>. <\/li>\n<li><b>Israeli-Gulf relations warming?<\/b> Four Israeli speakers will be featured for the first time at Bahrain\u2019s three-day Global Entrepreneurship Congress in mid-April, reflecting a growing closeness between Israel and the Gulf, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-03-31\/israelis-to-speak-at-bahrain-event-as-mideast-taboo-falls-away?srnd=premium-middle-east\">Bloomberg reports<\/a>.<\/li>\n<\/ul><p class=\"web-image\"><a href=\"https:\/\/www.nytimes.com\/2019\/04\/01\/technology\/burger-king-impossible-whopper.html\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/4\/93.jpeg?ssl=1\"><\/a><\/p><p><b>The \u201cimpossible\u201d meatless Whopper <\/b>is getting plenty of attention as Burger King plans the national rollout of its iconic hamburger filled with a vegetarian patty from the startup Impossible Foods. The story is getting tons of coverage in the US press, including <a href=\"https:\/\/www.reuters.com\/article\/us-impossible-foods-ceo-burger\/vegetarian-patty-gets-the-burger-king-whopper-test-idUSKCN1RD1WO\">Reuters<\/a> and the <a href=\"https:\/\/www.nytimes.com\/2019\/04\/01\/technology\/burger-king-impossible-whopper.html\">New York Times<\/a>.<\/p><p><b>PSA #1- Productivity isn\u2019t about time management, but \u201c<\/b><a href=\"https:\/\/www.nytimes.com\/2019\/03\/28\/smarter-living\/productivity-isnt-about-time-management-its-about-attention-management.html\"><b>attention management<\/b><\/a><b>,\u201d <\/b>the New York Times writes. We\u2019re suckers for these stories, even if our time might be better spent working than reading about how we might work more efficiently.<\/p><p><b>PSA #2- Spring seems to be coming to an end.<\/b> Look for a high today of 24\u00b0C \u2014 and for the mercury to rise over the coming days into the low 30s by Sunday, according to our favourite weather app. You can also check out the <a href=\"http:\/\/ema.gov.eg\/pdf\/4df.png\">Egyptian Meteorological Authority<\/a>\u2019s forecast.<\/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\/aramco\/\">Aramco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/earnings\/\">earnings<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/opec\/\">OPEC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/renaissance-capital\/\">Renaissance Capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/universal-healthcare-act\/\">Universal Healthcare Act<\/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    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class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/02\/different-themes-occupy-the-nations-talking-heads-yesterday\/\">\r\n                            Different themes occupy the nation\u2019s talking heads 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 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          <!-- <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=Different+themes+occupy+the+nation%E2%80%99s+talking+heads+yesterday+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F04%2F02%2Fdifferent-themes-occupy-the-nations-talking-heads-yesterday%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\/04\/02\/different-themes-occupy-the-nations-talking-heads-yesterday\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-602616\" class=\"content-area-description single-story post-602616 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-automotive tag-enterprise-last-nights-talk-shows tag-enterpriseam tag-fdi tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>No particular theme dominated last night\u2019s talk shows.<\/b> Among the handful of business-relevant stories:<\/p>\n<p><b>Egypt\u2019s balance of payments report carried with it some \u201ccheerful\u201d economic news<\/b>, El Hekaya\u2019s Amr Adib said in reference to the central bank report (<a href=\"https:\/\/www.youtube.com\/watch?v=T_j4ulA_8Vw\">watch, runtime: 7:38<\/a>). Egypt was a net oil exporter for the first time in four years and travel receipts climbed 36% y-o-y in 1H 2018-19. The decline in FDI is the only downside, but this is more of a reflection of slower global growth, he said. We have more in this morning\u2019s Speed Round, below.<\/p>\n<p><b>The \u201clet it rust\u201d car boycott campaign played a role in February\u2019s 5.2% y-o-y drop in car sales<\/b>, the talking heads told us last night. Again: more in Speed Round.<\/p>\n<p><b>Egypt will inaugurate \u201cwithin days\u201d free zones<\/b> in Kafr El Sheikh, Giza, Meet Ghamr, El Saf and Banha, Al Hayah Al Youm\u2019s Khaled Abu Bakr quoted General Authority for Investment and Freezones head Mohsen Adel as saying (<a href=\"https:\/\/www.youtube.com\/watch?v=_H9csRNdMN0\">watch, runtime: 1:50<\/a>). Abu Bakr then highlighted the benefits that come along with setting up shop in the customs-exempt zones.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/automotive\/\">automotive<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/fdi\/\">FDI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"602617\" 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=\"602617\">\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\/04\/02\/new-banking-act-will-not-impose-term-limits-on-banks-managing-directors\/\">\r\n                            New Banking Act will not impose term limits on banks\u2019 managing directors                        <\/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\/04\/02\/new-banking-act-will-not-impose-term-limits-on-banks-managing-directors\/\" 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\/04\/02\/new-banking-act-will-not-impose-term-limits-on-banks-managing-directors\/')\">\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\/04\/02\/new-banking-act-will-not-impose-term-limits-on-banks-managing-directors\/\">\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=New Banking Act will not impose term limits on banks\u2019 managing directors&url=https:\/\/enterpriseam.com\/egypt\/2019\/04\/02\/new-banking-act-will-not-impose-term-limits-on-banks-managing-directors\/\">\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\/04\/02\/new-banking-act-will-not-impose-term-limits-on-banks-managing-directors\/&title=New Banking Act will not impose term limits on banks\u2019 managing directors\">\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=New+Banking+Act+will+not+impose+term+limits+on+banks%E2%80%99+managing+directors+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F04%2F02%2Fnew-banking-act-will-not-impose-term-limits-on-banks-managing-directors%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\/04\/02\/new-banking-act-will-not-impose-term-limits-on-banks-managing-directors\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-602617\" class=\"content-area-description single-story post-602617 post type-post status-publish format-standard hentry category-speed-round tag-banking-act tag-central-bank-of-egypt tag-enterpriseam tag-legislation tag-speed-round wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <b>LEGISLATION WATCH- There are no term limits for bank managing directors in the draft of the amended Banking Act now being reviewed by cabinet<\/b>, <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1383564\">Al Masry Al Youm<\/a> reports, citing unnamed sources. The story pours cold water on suggestions earlier this week that a recent shakeup in the top ranks of the industry that has seen the resignation of MDs including Bank Audi\u2019s Mohamed Abbas Fayed and National Bank of Kuwait\u2019s Yasser Ismail Hassan foreshadowed the introduction of term limits. Each resigned for his own reasons and not under pressure from the central bank, the newspaper\u2019s sources suggest.<\/p>\n<p><b>Background:<\/b> A first draft of the new Banking and Central Bank Act leaked in 2017 and was controversial within the sector for suggesting term limits on bank MDs as well as a tithe on industry profits to finance an industry development fund that would be managed by the central bank. The current draft has been with the Madbouly Cabinet for review <a href=\"https:\/\/enterprise.press\/stories\/2019\/01\/14\/central-bank-of-egypt-finalizes-draft-banking-act-sends-to-cabinet-for-review\/\">since January<\/a>. It remains unclear what the timeline on the bill could be. Once approved by cabinet, the bill will move to the House of Representatives for committee review and a vote in the general assembly.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking-act\/\">Banking Act<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/central-bank-of-egypt\/\">Central Bank of Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/legislation\/\">legislation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/speed-round\/\">SPEED ROUND<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"602636\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"602637\" 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=\"602637\">\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\/04\/02\/emerging-market-smes-need-to-overcome-these-three-challenges\/\">\r\n                            Emerging-market SMEs need to overcome these three challenges                        <\/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\/04\/02\/emerging-market-smes-need-to-overcome-these-three-challenges\/\" 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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Most have limited prospects for growth and short life cycles. But their potential, if they get the right support, is immense \u2014 not just for their own development, but for their benefactors,\u201d he says.<\/p>\n<p><b>The finance gap:<\/b> The scale of the financing problem for SMEs was demonstrated in a <a href=\"http:\/\/enterprise.press\/wp-content\/uploads\/2019\/04\/121264-WP-PUBLIC-MSMEReport.pdf\">2017 World Bank\/International Finance Corporation (IFC) study<\/a> of 128 developing economies, which revealed a USD 5.2 tn gap in SME finance. There was an estimated credit demand of USD 8.9 tn among formal businesses (add another USD 2.9 tn from the informal sector), only USD 3.7 tn of which was supplied. Through technology it is possible to redress this imbalance, Sultan says. It is now easier than ever before for lenders to risk-assess potential borrowers and businesses are now better able to track and improve their creditworthiness.<\/p>\n<p><b>Knowledge:<\/b> Modern communication is providing SMEs with cheaper ways to access specialist knowledge, helping them to overcome the price constraints that came with obtaining expert advice in the pre-digital era.<\/p>\n<p><b>International trade:<\/b> SMEs suffer disproportionately from non-tariff trade barriers due to the fact that international trade agreements tend to overlook the interests of small businesses. Given that the power to remove these bureaucratic roadblocks lies solely in the hands of national governments, Sultan calls on large businesses to begin advocating for SMEs during trade negotiations.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/emerging-markets\/\">emerging markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/smes\/\">SMEs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-macro-picture\/\">THE MACRO PICTURE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"602639\" 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=\"602639\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/02\/egypt-in-the-news-on-02-april-2019\/\">\r\n                            Egypt in the News on 02 April 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\/04\/02\/egypt-in-the-news-on-02-april-2019\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2019\/04\/02\/egypt-in-the-news-on-02-april-2019\/')\">\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\/04\/02\/egypt-in-the-news-on-02-april-2019\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt in the News on 02 April 2019.&url=https:\/\/enterpriseam.com\/egypt\/2019\/04\/02\/egypt-in-the-news-on-02-april-2019\/\">\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\/04\/02\/egypt-in-the-news-on-02-april-2019\/&title=Egypt in the News on 02 April 2019.\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+in+the+News+on+02+April+2019.+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F04%2F02%2Fegypt-in-the-news-on-02-april-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\/04\/02\/egypt-in-the-news-on-02-april-2019\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-602639\" class=\"content-area-description single-story post-602639 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-arab-league tag-egypt-in-the-news tag-enterpriseam tag-human-rights tag-israel tag-national-security wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>It is a tough morning for Egypt in the American press: <\/b><a href=\"https:\/\/www.nytimes.com\/2019\/04\/01\/opinion\/egypt-sisi-trump.html\">The New York Times<\/a>\u2019 editorial board has penned a piece arguing that Trump should threaten to suspend aid to Egypt when President Abdel Fattah El Sisi visits Washington on 9 April. Why? The planned constitutional amendments and Egypt\u2019s human rights record.<\/p>\n<p><b>And a survivor of a 2015 attack in the White Desert is campaigning to halt arms sales:<\/b> April Corley, an American survivor of the army attack that accidentally killed 12 tourists, is lobbying to stop Egypt\u2019s USD 1.2 bn purchase of 10 Apache helicopters, <a href=\"https:\/\/www.wsj.com\/articles\/american-survivor-of-egyptian-attack-on-tourists-aims-to-halt-boeing-sale-11554123601?mod=searchresults&page=1&pos=1\">according to the Wall Street Journal<\/a>. She has the backing of Sen. Patrick Leahy, who is attempting to suspend some USD 105 mn in aid to Egypt.<\/p>\n<p>Other stories worth a quick skim this morning:<\/p>\n<ul>\n<li><b>Egypt\u2019s export strategy: <\/b>Highenergy costs, inefficient customs duties and high interest rates on loans hamper the competitiveness of Egyptian products in the international market, Hassan Abdel Zaher writes in the <a href=\"https:\/\/thearabweekly.com\/egypts-new-export-strategy-faces-stumbling-blocs\">The Arab Weekly<\/a>.<\/li>\n<li><b>The Arab League still has its uses: <\/b>Egypt sees the Arab League as crucial for diplomatic purposes despite the organization\u2019s increasing dysfunctionality, <a href=\"https:\/\/thearabweekly.com\/egypt-views-arab-league-crucial-despite-weaknesses\">says the Arab Weekly<\/a>.<\/li>\n<li><b>As does Israel: <\/b>Egypt uses Israel\u2019s desire for normalization as \u201ca bargaining chip\u201d to further its national interests, Haisam Hassanein writes in <a href=\"https:\/\/mosaicmagazine.com\/picks\/2019\/04\/how-egypt-uses-israels-desire-for-normalization-as-a-bargaining-chip\/\">Mosaic<\/a>.<\/li>\n<li><b>Urban planning: <\/b>It\u2019s going to take some serious work to transform Egypt\u2019s slums into \u201csafe zones,<b>\u201d<\/b> <a href=\"http:\/\/english.alarabiya.net\/en\/features\/2019\/03\/31\/Can-Egypt-s-slums-be-replaced-by-safe-zones-.html\">Al Arabiya columnist Sonia Farid writes<\/a>.<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/arab-league\/\">Arab League<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/human-rights\/\">human rights<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/israel\/\">Israel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/national-security\/\">national security<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"602640\" 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=\"602640\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">ON THE FRONT PAGES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/02\/el-sisis-public-sector-wage-increases-are-back-on-the-front-pages-of-the-state-owned-press\/\">\r\n                            El Sisi\u2019s public sector wage increases are back on the front pages of the state-owned press                        <\/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\/04\/02\/el-sisis-public-sector-wage-increases-are-back-on-the-front-pages-of-the-state-owned-press\/\" 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\/04\/02\/el-sisis-public-sector-wage-increases-are-back-on-the-front-pages-of-the-state-owned-press\/')\">\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\/04\/02\/el-sisis-public-sector-wage-increases-are-back-on-the-front-pages-of-the-state-owned-press\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=El Sisi\u2019s public sector wage increases are back on the front pages of the state-owned press&url=https:\/\/enterpriseam.com\/egypt\/2019\/04\/02\/el-sisis-public-sector-wage-increases-are-back-on-the-front-pages-of-the-state-owned-press\/\">\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\/04\/02\/el-sisis-public-sector-wage-increases-are-back-on-the-front-pages-of-the-state-owned-press\/&title=El Sisi\u2019s public sector wage increases are back on the front pages of the state-owned press\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=El+Sisi%E2%80%99s+public+sector+wage+increases+are+back+on+the+front+pages+of+the+state-owned+press+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F04%2F02%2Fel-sisis-public-sector-wage-increases-are-back-on-the-front-pages-of-the-state-owned-press%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\/04\/02\/el-sisis-public-sector-wage-increases-are-back-on-the-front-pages-of-the-state-owned-press\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-602640\" class=\"content-area-description single-story post-602640 post type-post status-publish format-standard hentry category-on-the-front-pages tag-employment tag-enterpriseam tag-media tag-on-the-front-pages tag-social-welfare wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>El Sisi\u2019s public sector wage increases are back on the front pages of the state-owned press: <\/b>Carrying forward President Abdel Fattah El Sisi\u2019s recent decision to increase the salaries of state employees are topping the front pages of the government-owned press this morning (<a href=\"http:\/\/www.ahram.org.eg\/News\/202973\/25\/703003\/%D8%A7%D9%84%D8%A3%D9%88%D9%84%D9%89\/%D8%A8%D8%AF%D8%A1-%D8%A5%D8%B5%D9%84%D8%A7%D8%AD-%D9%85%D9%86%D8%B8%D9%88%D9%85%D8%A9-%D8%A7%D9%84%D8%A3%D8%AC%D9%88%D8%B1-%D9%88%D8%A7%D9%84%D9%85%D8%B9%D8%A7%D8%B4%D8%A7%D8%AA-%D8%AA%D9%86%D9%81%D9%8A%D8%B0%D8%A7-%D9%84%D8%AA%D9%83%D9%84%D9%8A%D9%81%D8%A7%D8%AA-.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>). Two of the three dailies report <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/1222822764562753?__xts__%5b0%5d=68.ARCluBBRwk9w9r_j_M1K_FQ09JtVMAC0ixiwFUGoQazsHTRSBIDc9-ATmlhc95yajN5JX27trh7kn_mfmEDVyjyzxtHQL3jdsQfNkPZoLsNljgSXVmB5ac-5YVekVcv_XFtSb2DcnyqHAoeRrLayoHdscqWlY96BwXdza5WL_GZ4cQNDFcVC-p7UzGGUNB4EpoLxlMAkeJDTvsPJruNkMwd_TfjKRotdZliaaXiUzN91w990BvnheEOBUWBLI1DYu3qTWppTWoHrOdjL6xwZTPpVllJvKivhiDLv51zUlaX2NLttnlJOZvgwh7p7WLFTOpWbqmLJZndzJXEUsMityKNzrQ&__tn__=-R\">a meeting<\/a> between the prime minister and the finance ministry\u2019s top three employees to make plans for the raises.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/employment\/\">employment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/media\/\">media<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/social-welfare\/\">social welfare<\/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=\"602641\" 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=\"602641\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">Worth watching<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/02\/the-corporate-space-race-is-hotting-up\/\">\r\n                            The corporate space race is hotting up                        <\/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\/04\/02\/the-corporate-space-race-is-hotting-up\/\" 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\/04\/02\/the-corporate-space-race-is-hotting-up\/')\">\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\/04\/02\/the-corporate-space-race-is-hotting-up\/\">\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 corporate space race is hotting up&url=https:\/\/enterpriseam.com\/egypt\/2019\/04\/02\/the-corporate-space-race-is-hotting-up\/\">\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\/04\/02\/the-corporate-space-race-is-hotting-up\/&title=The corporate space race is hotting up\">\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+corporate+space+race+is+hotting+up+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F04%2F02%2Fthe-corporate-space-race-is-hotting-up%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\/04\/02\/the-corporate-space-race-is-hotting-up\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/4\/1901.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"602642\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/02\/the-corporate-space-race-is-hotting-up\/1901-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/4\/1901.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1901.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/4\/1901.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/4\/1901.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-602641\" class=\"content-area-description single-story post-602641 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-watching tag-enterpriseam tag-technology tag-worth-watching wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>The corporate space race is heating up<\/b>: Billionaire CEOs Jeff Bezos of Blue Origin, Richard Branson of Virgin Galactic, and Elon Musk of SpaceX are promising zero-gravity sightseeing by year-end. They may all have the finances, the tech, and the force of will \u2014 but which one will emerge as the superpower of space tourism? This WSJ video takes a look at the competitors (<a href=\"https:\/\/www.wsj.com\/video\/musk-bezos-and-branson-who-will-dominate-space-tourism\/1D994A7C-C476-41AC-B839-AAF38929E359.html\">watch, runtime: 4:10<\/a>).<\/p>\n<p><b>The contestants:<\/b> Bezos-owned Blue Origin\u2019s six-seater commercial capsule, <b>the New Shepherd<\/b>, is slated to run its first crewed test flight this year from its take-off point in west Texas. Virgin\u2019s <b>VSS unity<\/b> spaceship, also a six-seater, was the first to run a successful test last February. The wonder-child SpaceX\u2019s seven-seater <b>Crew Dragon 2<\/b>, meanwhile, is hoping to see a manned launch in July.<\/p>\n<p><b>What does the billionaire space race tell us?<\/b> A few things actually. One: necessity is no longer the mother of invention. Two: <b>it may cost up to a quarter mn USD<\/b> to secure a seat into space. And three: Bezos vs. Musk is safer for humanity than the US vs. USSR. Or is it?<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/technology\/\">technology<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/worth-watching\/\">worth watching<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"602643\" 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=\"602643\">\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\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/02\/libya-bans-egyptian-onions-talks-with-saudi-over-crop-ban-expected-this-month\/\">\r\n                            Libya bans Egyptian onions, talks with Saudi over crop ban expected this month                        <\/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\/04\/02\/libya-bans-egyptian-onions-talks-with-saudi-over-crop-ban-expected-this-month\/\" 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\/04\/02\/libya-bans-egyptian-onions-talks-with-saudi-over-crop-ban-expected-this-month\/')\">\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\/04\/02\/libya-bans-egyptian-onions-talks-with-saudi-over-crop-ban-expected-this-month\/\">\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=Libya bans Egyptian onions, talks with Saudi over crop ban expected this month&url=https:\/\/enterpriseam.com\/egypt\/2019\/04\/02\/libya-bans-egyptian-onions-talks-with-saudi-over-crop-ban-expected-this-month\/\">\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\/04\/02\/libya-bans-egyptian-onions-talks-with-saudi-over-crop-ban-expected-this-month\/&title=Libya bans Egyptian onions, talks with Saudi over crop ban expected this month\">\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=Libya+bans+Egyptian+onions%2C+talks+with+Saudi+over+crop+ban+expected+this+month+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F04%2F02%2Flibya-bans-egyptian-onions-talks-with-saudi-over-crop-ban-expected-this-month%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\/04\/02\/libya-bans-egyptian-onions-talks-with-saudi-over-crop-ban-expected-this-month\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-602643\" class=\"content-area-description single-story post-602643 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-agriculture tag-commodities tag-diplomacy-foreign-trade tag-enterpriseam tag-health tag-libya wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>Libya doesn\u2019t want our onions:<\/b> Libya has banned imports of Egyptian onions due to high levels of residual pesticide, Agriculture Ministry sources <a href=\"https:\/\/www.alborsaanews.com\/2019\/04\/01\/1191359\">told the local press<\/a>. Libyan authorities have yet to directly contact the Egyptian government about the decision, the sources say. The ban comes about a week after the ministry said Egypt has been exporting <a href=\"https:\/\/enterprise.press\/stories\/2019\/03\/24\/egypt-to-export-potatoes-to-turkey\/\">onions to Turkey<\/a> for three months. <a href=\"https:\/\/enterprise.press\/stories\/2019\/01\/20\/saudi-imposes-temporary-ban-on-egyptian-onions\/\">Earlier this year<\/a>, Saudi Arabia imposed a temporary ban on the crop for similar reasons, and talks to resolve the issue are expected to take place this month, sources quoted Agricultural Quarantine Authority (AQA) head Ahmed El Attar as saying. Egypt exports 200-250k tonnes of onions per year, making USD 205 mn in revenues from the crop in 2017. Saudi Arabia, the UAE, Russia, Oman and the Netherlands have traditionally been Egypt\u2019s biggest importers of onions.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/agriculture\/\">agriculture<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/commodities\/\">commodities<\/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\/health\/\">health<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/libya\/\">Libya<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"602644\" 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=\"602644\">\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\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/02\/el-molla-talks-bringing-natgas-to-homes-with-world-bank-french-development-agency\/\">\r\n                            El Molla talks bringing natgas to homes with World Bank, French Development Agency                        <\/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\/04\/02\/el-molla-talks-bringing-natgas-to-homes-with-world-bank-french-development-agency\/\" 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\/04\/02\/el-molla-talks-bringing-natgas-to-homes-with-world-bank-french-development-agency\/')\">\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\/04\/02\/el-molla-talks-bringing-natgas-to-homes-with-world-bank-french-development-agency\/\">\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 Molla talks bringing natgas to homes with World Bank, French Development Agency&url=https:\/\/enterpriseam.com\/egypt\/2019\/04\/02\/el-molla-talks-bringing-natgas-to-homes-with-world-bank-french-development-agency\/\">\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\/04\/02\/el-molla-talks-bringing-natgas-to-homes-with-world-bank-french-development-agency\/&title=El Molla talks bringing natgas to homes with World Bank, French Development Agency\">\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+Molla+talks+bringing+natgas+to+homes+with+World+Bank%2C+French+Development+Agency+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F04%2F02%2Fel-molla-talks-bringing-natgas-to-homes-with-world-bank-french-development-agency%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\/04\/02\/el-molla-talks-bringing-natgas-to-homes-with-world-bank-french-development-agency\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-602644\" class=\"content-area-description single-story post-602644 post type-post status-publish format-standard hentry category-energy tag-egyptian-natural-gas-holding-company tag-energy tag-enterpriseam tag-french-development-agency tag-tarek-el-molla tag-world-bank wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Oil Minister Tarek El Molla yesterday met representatives from the World Bank, the French Development Agency, and the Egyptian Natural Gas Holding Company (EGAS), about progress on the government\u2019s drive to connect 2-3 mn homes in 20 governorates to the natural gas grid, <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/1222676984577331\">according to a Cabinet statement<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egyptian-natural-gas-holding-company\/\">Egyptian Natural Gas 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\/french-development-agency\/\">French Development Agency<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tarek-el-molla\/\">Tarek El Molla<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-bank\/\">World Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"602645\" 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=\"602645\">\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\">Infrastructure<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/02\/shipping-lines-ask-for-cheaper-fees-to-return-to-east-port-said-port\/\">\r\n                            Shipping lines ask for cheaper fees to return to East Port Said Port                        <\/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\/04\/02\/shipping-lines-ask-for-cheaper-fees-to-return-to-east-port-said-port\/\" 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\/04\/02\/shipping-lines-ask-for-cheaper-fees-to-return-to-east-port-said-port\/')\">\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\/04\/02\/shipping-lines-ask-for-cheaper-fees-to-return-to-east-port-said-port\/\">\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=Shipping lines ask for cheaper fees to return to East Port Said Port&url=https:\/\/enterpriseam.com\/egypt\/2019\/04\/02\/shipping-lines-ask-for-cheaper-fees-to-return-to-east-port-said-port\/\">\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\/04\/02\/shipping-lines-ask-for-cheaper-fees-to-return-to-east-port-said-port\/&title=Shipping lines ask for cheaper fees to return to East Port Said Port\">\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=Shipping+lines+ask+for+cheaper+fees+to+return+to+East+Port+Said+Port+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F04%2F02%2Fshipping-lines-ask-for-cheaper-fees-to-return-to-east-port-said-port%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\/04\/02\/shipping-lines-ask-for-cheaper-fees-to-return-to-east-port-said-port\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-602645\" class=\"content-area-description single-story post-602645 post type-post status-publish format-standard hentry category-infrastructure tag-enterpriseam tag-infrastructure tag-logistics tag-suez-canal wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Shipping lines that have withdrawn from East Port Said Port since 2017 have asked for a new fixed-fees system for 3-5 years to compete with alternative ports, Suez Canal Container Terminal CEO Lars Christensen said, <a href=\"https:\/\/almalnews.com\/%D8%A7%D9%84%D8%AE%D8%B7%D9%88%D8%B7-%D8%A7%D9%84%D9%85%D9%86%D8%B3%D8%AD%D8%A8%D8%A9-%D9%85%D9%86-%D9%85%D9%8A%D9%86%D8%A7%D8%A1-%D8%B4%D8%B1%D9%82-%D8%A8%D9%88%D8%B1%D8%B3%D8%B9%D9%8A%D8%AF-%D8%AA\/\">according to Al Mal<\/a>. Suez Canal Container Terminal (SCCT), which is majority-owned by Maersk subsidiary APM Terminals, has been making losses of <a href=\"https:\/\/enterprise.press\/stories\/2019\/04\/01\/scct-expects-losses-this-year-on-the-back-of-rising-fees-in-east-port-said\/\">USD 1 mn a month<\/a> since the beginning of the year as it struggles to compete with cheaper alternatives, including Greece\u2019s Port of Piraeus whose fees are 60% cheaper. SCCT\u2019s profits were halved last year, forcing the company to lay-off 400 employees, Christensen said. Sixteen major shipping lines have stopped docking at the port due to the high fees.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/logistics\/\">logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/suez-canal\/\">Suez Canal<\/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=\"602647\" 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=\"602647\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">Health + Education<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/02\/eipico-to-set-up-pharma-factory-for-egp-1-bn\/\">\r\n                            EIPICO to set up pharma factory for EGP 1 bn                        <\/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\/04\/02\/eipico-to-set-up-pharma-factory-for-egp-1-bn\/\" 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\/04\/02\/eipico-to-set-up-pharma-factory-for-egp-1-bn\/')\">\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\/04\/02\/eipico-to-set-up-pharma-factory-for-egp-1-bn\/\">\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=EIPICO to set up pharma factory for EGP 1 bn&url=https:\/\/enterpriseam.com\/egypt\/2019\/04\/02\/eipico-to-set-up-pharma-factory-for-egp-1-bn\/\">\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\/04\/02\/eipico-to-set-up-pharma-factory-for-egp-1-bn\/&title=EIPICO to set up pharma factory for EGP 1 bn\">\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=EIPICO+to+set+up+pharma+factory+for+EGP+1+bn+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F04%2F02%2Feipico-to-set-up-pharma-factory-for-egp-1-bn%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\/04\/02\/eipico-to-set-up-pharma-factory-for-egp-1-bn\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-602647\" class=\"content-area-description single-story post-602647 post type-post status-publish format-standard hentry category-health-education tag-enterpriseam tag-health-education tag-investment-watch tag-manufacturing tag-pharma wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>ACDIMA subsidiary the <a href=\"http:\/\/www.eipico.com.eg\/\">Egyptian International Pharma. Industries Company<\/a> (EIPICO) is planning to set up a biosimilar production facility at a cost of up to EGP 1 bn, <a href=\"https:\/\/almalnews.com\/%D8%A5%D9%8A%D8%A8%D9%8A%D9%83%D9%88-%D9%84%D9%84%D8%A3%D8%AF%D9%88%D9%8A%D8%A9-%D8%AA%D8%B6%D8%AE-%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D8%A8%D9%85%D9%84%D9%8A%D8%A7\/\">Al Mal reports<\/a>. EIPICO is expecting to soon finalize procedures to acquire a 10k sqm land plot in 10th of Ramadan for the facility. Biosimilars have recently been approved to help in chemotherapy cancer treatments, and can also be used to treat hormone-related disorders.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/health-education\/\">Health + Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pharma\/\">pharma<\/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=\"602649\" 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=\"602649\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">Tourism<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/02\/etaa-bans-tourism-companies-from-reducing-prices-to-exaggeratedly-low-rates\/\">\r\n                            ETAA bans tourism companies from reducing prices to exaggeratedly low rates                        <\/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\/04\/02\/etaa-bans-tourism-companies-from-reducing-prices-to-exaggeratedly-low-rates\/\" 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\/04\/02\/etaa-bans-tourism-companies-from-reducing-prices-to-exaggeratedly-low-rates\/')\">\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\/04\/02\/etaa-bans-tourism-companies-from-reducing-prices-to-exaggeratedly-low-rates\/\">\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=ETAA bans tourism companies from reducing prices to exaggeratedly low rates&url=https:\/\/enterpriseam.com\/egypt\/2019\/04\/02\/etaa-bans-tourism-companies-from-reducing-prices-to-exaggeratedly-low-rates\/\">\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\/04\/02\/etaa-bans-tourism-companies-from-reducing-prices-to-exaggeratedly-low-rates\/&title=ETAA bans tourism companies from reducing prices to exaggeratedly low rates\">\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=ETAA+bans+tourism+companies+from+reducing+prices+to+exaggeratedly+low+rates+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F04%2F02%2Fetaa-bans-tourism-companies-from-reducing-prices-to-exaggeratedly-low-rates%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\/04\/02\/etaa-bans-tourism-companies-from-reducing-prices-to-exaggeratedly-low-rates\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-602649\" class=\"content-area-description single-story post-602649 post type-post status-publish format-standard hentry category-tourism tag-enterpriseam tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The Egyptian Travel Agencies Association (ETAA) has issued a decision banning tourism companies from slashing prices to rates which hurt the economy, <a href=\"https:\/\/almalnews.com\/%D8%BA%D8%B1%D9%81%D8%A9-%D8%A7%D9%84%D8%B4%D8%B1%D9%83%D8%A7%D8%AA-%D8%AA%D8%B5%D8%AF%D8%B1-%D9%82%D8%B1%D8%A7%D8%B1%D8%A7-%D8%A8%D9%85%D9%86%D8%B9-%D8%B3%D9%8A%D8%A7%D8%B3%D8%A9-%D8%AD%D8%B1%D9%82\/\">Al Mal reported<\/a>. Companies that fail to comply will be subject to investigation and forced to amend their prices. Slashing prices has been a popular strategy among tourism companies looking to attract higher volumes of tourists following the post-2011 tourism slump.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"602650\" 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=\"602650\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">13<\/div>\r\n\r\n                    <p class=\"f-graphik\">Other Business News of Note<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/02\/industrial-development-authority-warns-investors-over-unused-industrial-land\/\">\r\n                            Industrial Development Authority warns investors over unused industrial land                        <\/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\/04\/02\/industrial-development-authority-warns-investors-over-unused-industrial-land\/\" 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\/04\/02\/industrial-development-authority-warns-investors-over-unused-industrial-land\/')\">\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\/04\/02\/industrial-development-authority-warns-investors-over-unused-industrial-land\/\">\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=Industrial Development Authority warns investors over unused industrial land&url=https:\/\/enterpriseam.com\/egypt\/2019\/04\/02\/industrial-development-authority-warns-investors-over-unused-industrial-land\/\">\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\/04\/02\/industrial-development-authority-warns-investors-over-unused-industrial-land\/&title=Industrial Development Authority warns investors over unused industrial land\">\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=Industrial+Development+Authority+warns+investors+over+unused+industrial+land+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F04%2F02%2Findustrial-development-authority-warns-investors-over-unused-industrial-land%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\/04\/02\/industrial-development-authority-warns-investors-over-unused-industrial-land\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-602650\" class=\"content-area-description single-story post-602650 post type-post status-publish format-standard hentry category-other-business-news-of-note tag-enterpriseam tag-industrial-development-authority tag-other-business-news-of-note tag-real-estate wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The Industrial Development Authority (IDA) has issued warnings to 800 investors that they could lose their land plots if they fail to begin construction or production, <a href=\"https:\/\/almalnews.com\/%D8%A7%D9%84%D8%AA%D9%86%D9%85%D9%8A%D8%A9-%D8%A7%D9%84%D8%B5%D9%86%D8%A7%D8%B9%D9%8A%D8%A9-%D8%AA%D9%86%D8%B0%D8%B1-800-%D9%85%D8%B3%D8%AA%D8%AB%D9%85%D8%B1-%D8%A8%D8%B3%D8%AD%D8%A8\/\">according to Al Mal<\/a>. The IDA issued several regulations at the end of 2017 to prevent industrial land from being left unused, and a number of investors were issued warnings at the end of last year. This announcement comes after IDA boss Magdy Ghazi said <a href=\"https:\/\/enterprise.press\/stories\/2019\/04\/01\/govt-to-issue-tender-regs-for-industrial-land-next-month\/\">yesterday<\/a> that the authority is planning to issue new regulations for industrial land tenders.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/industrial-development-authority\/\">Industrial Development Authority<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate\/\">real estate<\/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=\"602653\" 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=\"602653\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">14<\/div>\r\n\r\n                    <p class=\"f-graphik\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/02\/19th-dynasty-temple-palace-discovered-in-sohag\/\">\r\n                            19th Dynasty temple palace discovered in Sohag                        <\/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\/04\/02\/19th-dynasty-temple-palace-discovered-in-sohag\/\" 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\/04\/02\/19th-dynasty-temple-palace-discovered-in-sohag\/')\">\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\/04\/02\/19th-dynasty-temple-palace-discovered-in-sohag\/\">\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=19th Dynasty temple palace discovered in Sohag&url=https:\/\/enterpriseam.com\/egypt\/2019\/04\/02\/19th-dynasty-temple-palace-discovered-in-sohag\/\">\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\/04\/02\/19th-dynasty-temple-palace-discovered-in-sohag\/&title=19th Dynasty temple palace discovered in Sohag\">\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=19th+Dynasty+temple+palace+discovered+in+Sohag+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2019%2F04%2F02%2F19th-dynasty-temple-palace-discovered-in-sohag%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\/04\/02\/19th-dynasty-temple-palace-discovered-in-sohag\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-602653\" class=\"content-area-description single-story post-602653 post type-post status-publish format-standard hentry category-on-your-way-out tag-ancient-egypt tag-archaeology tag-enterpriseam tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><b>A temple palace belonging to King Ramses II has been uncovered in Sohag<\/b> by a New York University mission, <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/9\/40\/329050\/Heritage\/Ancient-Egypt\/New-temple-palace-discovered-at-Ramses-IIs-temple-.aspx\">Ahram Online reported<\/a>. The palace, discovered during excavations around a temple belonging to Ramses II\u2019s father Seti, contains limestone walls and floors as well as cartouches of the Ancient Egyptian king. In related news, an archaeological mission uncovered a limestone sarcophagus at the Quweisna quarries in Menoufia, <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/9\/40\/329231\/Heritage\/Ancient-Egypt\/Limestone-sarcophagus-containing-two-mummies-disco.aspx\">according to a separate Ahram Online article<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ancient-egypt\/\">Ancient Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/archaeology\/\">archaeology<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"602654\" 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=\"602654\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">15<\/div>\r\n\r\n                    <p class=\"f-graphik\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/02\/the-market-yesterday-441\/\">\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\/04\/02\/the-market-yesterday-441\/\" 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\/04\/02\/the-market-yesterday-441\/')\">\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\/04\/02\/the-market-yesterday-441\/\">\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\/04\/02\/the-market-yesterday-441\/\">\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\/04\/02\/the-market-yesterday-441\/&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%2F04%2F02%2Fthe-market-yesterday-441%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\/04\/02\/the-market-yesterday-441\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-602654\" class=\"content-area-description single-story post-602654 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 17.27 | Sell 17.37<b><\/p>\n<p> EGP \/ USD at CIB:<\/b> Buy 17.28 | Sell 17.38<\/p>\n<p> <b>EGP \/ USD at NBE: <\/b>Buy 17.26 | Sell 17.36<\/p>\n<p><b>EGX30<\/b> (Monday): 14,954 (+1.5%)<\/p>\n<p> <b>Turnover:<\/b> EGP 832 mn (9% below the 90-day average)<\/p>\n<p> <b>EGX 30 year-to-date<\/b>: +14.7%<\/p>\n<p><b>THE MARKET ON MONDAY:<\/b> The EGX30 ended Monday\u2019s session up 1.5%. CIB, the index heaviest constituent ended up 3.7%. EGX30\u2019s top performing constituents were CIB up 3.7%, Telecom Egypt up 3.5%, and Cairo Investment & Real Estate Development up 2.2%. Yesterday\u2019s worst performing stocks were Qalaa Holdings down 1.5%, Orascom Development Egypt down 1.5% and Arab Co. for Asset Management and Development down 1.4%. The market turnover was EGP 832 mn, and local investors were the sole net sellers.<\/p>\n<p><b>Foreigners<\/b>: Net Long | EGP +47.6 mn<\/p>\n<p> <b>Regional<\/b>: Net Long | EGP +12.6 mn<\/p>\n<p> <b>Domestic<\/b>: Net Short | EGP -60.2 mn<\/p>\n<p><b>Retail<\/b>: 44.5% of total trades | 42.6% of buyers | 46.4% of sellers<\/p>\n<p> <b>Institutions<\/b>: 55.5% of total trades | 57.4% of buyers | 53.6% of sellers<\/p>\n<p><b>WTI:<\/b> USD 61.63 (+2.48%)<\/p>\n<p> <b>Brent:<\/b> USD 69.07 (+2.20%)<\/p>\n<p><b>Natural Gas<\/b> (Nymex, futures prices) USD 2.70 MMBtu, (+2.20%, May 2019)<\/p>\n<p> <b>Gold:<\/b> USD 1,292.90 \/ troy ounce (-0.43%)<\/p>\n<p><b>TASI:<\/b> 8,896.55 (+0.87%) (YTD: +13.67%)<\/p>\n<p> <b>ADX: <\/b>5,055.29 (-0.38%) (YTD: +2.85%)<\/p>\n<p> <b>DFM:<\/b> 2,696.85 (+2.35%) (YTD: +6.61%)<\/p>\n<p> <b>KSE Premier Market:<\/b> 6,003.46 (+0.28%)<\/p>\n<p> <b>QE:<\/b> 10,154.89 (+0.47%) (YTD: -1.40%)<\/p>\n<p> <b>MSM: <\/b>3,960.99 (-0.57%) (YTD: +8.39%)<\/p>\n<p> <b>BB:<\/b> 1,400.17 (-0.93%) (YTD: +4.70%)<\/p><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-market-yesterday\/\">The Market Yesterday<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"602655\" 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\/04\/02\/602655\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-602655\" class=\"content-area-description single-story post-602655 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>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 reforms as part of the preparations for next year\u2019s Ease of Doing Business Report. Egypt jumped eight spots to rank 120th out of 190 countries in the <a href=\"https:\/\/enterprise.press\/stories\/2018\/11\/01\/egypt-jumps-8-spots-in-world-banks-2019-ease-of-doing-business-report\/\">2019 Doing Business report<\/a>.<\/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 (Tuesday-Friday): <a href=\"https:\/\/yearofenergy2019.com\/appo\/\">APPO Cape VII petroleum and energy conference<\/a>, Malabo, Equatorial Guinea.<\/p>\n<p>4 April (Thursday): Egypt\u2019s Emirates NBD PMI for March released.<\/p>\n<p>4-6 April (Thursday-Saturday): 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>9 April (Tuesday): President Abdel Fattah El Sisi meets US President Donald Trump in Washington, DC.<\/p>\n<p>9-10 April (Tuesday-Wednesday): Renaissance Capital\u2019s annual Egypt Investors Conference, Cape Town, South Africa.<\/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>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>9-12 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>19-20 June (Wednesday-Thursday): <a href=\"https:\/\/www.pharosholding.com\/pharosinvestorconference2019\/#About_the_Conference\">Pharos Holding Annual Investor Conference<\/a>, El Gouna, Egypt.<\/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\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":602613,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-602612","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"eda8b78c-a789-4df7-8e44-145e21145aaa","teaser":"","photo_url":"https:\/\/ent.news\/2016\/10\/4374.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>Bank MDs won\u2019t face term limits under new banking act -report - 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\/bank-mds-wont-face-term-limits-under-new-banking-act-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" 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