{"id":608159,"date":"2023-10-16T00:00:00","date_gmt":"2023-10-16T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=608159"},"modified":"2025-12-17T01:17:57","modified_gmt":"2025-12-17T01:17:57","slug":"expelling-gazans-into-sinai-is-a-non-starter-says-blinken-as-egypt-plans-international-summit","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/expelling-gazans-into-sinai-is-a-non-starter-says-blinken-as-egypt-plans-international-summit\/","title":{"rendered":"Expelling Gazans into Sinai is a \u201cnon-starter,\u201d says Blinken, as Egypt plans international summit"},"content":{"rendered":"<section id=\"608161\" 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=\"608161\">\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\/2023\/10\/16\/egypt-plans-intl-summit-to-discuss-gaza-conflict\/\">\r\n                            Egypt plans int\u2019l summit to discuss Gaza conflict                        <\/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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category-what-were-tracking-today tag-antony-blinken tag-diplomacy tag-egypt-us-relations tag-enterpriseam tag-gaza tag-israel tag-israel-palestine-conflict tag-middle-east-politics tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_27645\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\">\n<p class=\"f-graphik\" style=\"font-size:14px\">Together with<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27482.svg\" alt=\"\" class=\"wp-image-27482\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/10\/.7dd9a863-b172-4a26-9670-9dea30bd697b.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, friends. <\/strong><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The conflict in Gaza remains the BIG STORY AT HOME on this very war-heavy morning <\/strong>after President Abdel Fattah El Sisi met yesterday with US Secretary of State Antony Blinken. There is also a report that suggests there may have been progress on talks to allow aid into the enclave, and <strong>the Biden administration says it now views the expulsion of Palestinians out of Gaza and into Sinai a \u201cnon-starter,\u201d<\/strong> the US\u2019 top diplomat said in an interview. We have a rundown on the situation on the ground and in diplomacy in this morning\u2019s news well, below.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The war is set to dominate today\u2019s news cycle<\/strong>, with plenty of activity on the diplomatic front as Israel prepares for what it says will be a decisive land invasion of Gaza. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt1\"><\/a> <strong>#1- Egypt wants to host a summit to address the conflict in Gaza<\/strong>, with El Sisi looking to invite regional and world leaders to Cairo to discuss \u201cthe developments and future of the Palestinian issue,\u201d Ittihadiya <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/887823806039682\" style=\"\" rel=\"noopener\">said<\/a> yesterday following a meeting of the National Security Council. <strong>There\u2019s no word yet on when the summit will take place or who\u2019s on the invite list. <\/strong>The summit got wide attention on last night\u2019s talk shows, from Al Hayah Al Youm (watch, runtime: <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/watch\/?v=684220843769899\" style=\"\" rel=\"noopener\">3:50<\/a> | <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/watch\/?v=1263897705008849\" style=\"\" rel=\"noopener\">9:04<\/a>) to El Hekaya (<a target=\"_blank\" href=\"https:\/\/www.facebook.com\/watch\/?v=288334220732118\" style=\"\" rel=\"noopener\">watch, runtime: 3:04<\/a>) and Masaa DMC (<a target=\"_blank\" href=\"https:\/\/www.facebook.com\/watch\/?v=353041150495262\" style=\"\" rel=\"noopener\">watch, runtime: 3:39<\/a>).<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Blinken declined to confirm whether the US <\/strong><strong>would attend the summit<\/strong> when asked in <a target=\"_blank\" href=\"https:\/\/bit.ly\/3FinwlV\" style=\"\" rel=\"noopener\">an interview<\/a> yesterday, saying only that the US \u201cwelcomes any efforts\u2019 to resolve the conflict.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- New US Gaza envoy arrives in Egypt today:<\/strong>Veteran diplomat David Satterfield has been tapped to address the humanitarian situation in Gaza Blinken <a target=\"_blank\" href=\"https:\/\/www.state.gov\/appointment-of-david-satterfield-as-special-envoy-for-middle-east-humanitarian-issues\/\" style=\"\" rel=\"noopener\">told reporters<\/a> yesterday. The Biden administration <a target=\"_blank\" href=\"https:\/\/www.state.gov\/appointment-of-david-satterfield-as-special-envoy-for-middle-east-humanitarian-issues\/\" style=\"\" rel=\"noopener\">announced<\/a> Satterfield\u2019s appointment yesterday amid global alarm about the human cost of Israel\u2019s war against Hamas. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- UNSC vote today:<\/strong> Russia will today push for a UN Security Council vote on its draft resolution calling for a humanitarian ceasefire and condemning terrorism and civilian deaths, according to <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/russia-proposes-un-security-council-resolution-israel-hamas-conflict-2023-10-13\/\" style=\"\" rel=\"noopener\">Reuters<\/a>.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Arab League is planning a UNSC resolution of its own. <\/strong>Look for the body to present a three-pronged plan to agree a ceasefire, ensure aid into Gaza, and prevent the displacement of Palestinians, Arab League official to the UN Maged Abdel Fattah said on Ala Masouleety last night (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=5kFTcQdyhdE&amp;ab_channel=SadaElbalad-%D8%B5%D8%AF%D9%89%D8%A7%D9%84%D8%A8%D9%84%D8%AF\" style=\"\" rel=\"noopener\">watch, runtime: 9:53<\/a>). <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- An emergency OIC meeting this week:<\/strong> Saudi Arabia will host an <a target=\"_blank\" href=\"https:\/\/twitter.com\/OIC_OCI\/status\/1713143995650482510\" style=\"\" rel=\"noopener\">emergency meeting of the<\/a><a target=\"_blank\" href=\"https:\/\/twitter.com\/OIC_OCI\/status\/1713143995650482510\" style=\"\" rel=\"noopener\">Organization of Islamic Cooperation<\/a> in Riyadh on Wednesday to discuss the escalating situation. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE ECONOMIC FALLOUT-<\/strong><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a><strong> A warning from Jamie Dimon: \u201cThis may be the most dangerous time the world has <\/strong><strong>seen in decades,\u201d<\/strong> JPMorgan Chase CEO Jamie Dimon <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/business-67104734\" style=\"\" rel=\"noopener\">said over the weekend<\/a>, warning that the conflicts in Gaza and Ukraine could destabilize food and energy prices.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>Market reaction to the war has so far been relatively \u201cmuted,\u201d<\/strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/ripple-effect-seen-markets-globally-middle-east-conflict-2023-10-15\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, but analysts worry that global inflation and interest rates could rise if the conflict expands to the wider region. \u201cI have no clue whether markets will remain relatively well behaved,\u201d Erik Nielsen, group chief economics advisor at UniCredit told Reuters.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the energy side of the equation, oil prices rose by 6% on Friday<\/strong><strong> on vague concerns about output.<\/strong> Last week, Egypt\u2019s gas imports from Israel <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4b815416-4098-4b11-a75f-df31f6c9d58e\" style=\"\" rel=\"noopener\">dropped 20%<\/a> after Chevron halted production of the Tamar gas field in the Mediterranean. Safe haven assets including gold and the USD are already attracting investors, with gold prices up 3% at the close of last week and the USD on a one-week high.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian markets are stable (ish) to start off the week:<\/strong> Oil and gold prices are down slightly in Asian trading this morning, suggesting that investors aren\u2019t (yet) freaking out about the prospect of a wider war in the region. The stock markets are a different story, with most bourses in the region in the red. The Nikkei (-1.6%) is leading losses, with shares in South Korea and China also lower. Stock markets in Europe and the US will open in the green later today, according to equity futures.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">^^ We have the full details in this morning\u2019s War Watch, below.<\/p><div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br>\n  <\/h4>\n<\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>\n <\/p><\/div>\n<\/div>\n<\/div><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>HAPPENING TODAY-<\/strong><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt5\"><\/a><strong> Today in the House:<\/strong> Another three bills are due to be put to a General Assembly vote today:<\/p><ul>\n<li>The <strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b8c9ecad-d6be-4895-b121-d382d5cd1d66\" style=\"\" rel=\"noopener\">expat car-for-FX initiative<\/a><\/strong> could be on its way for a three-month reboot. MPs will discuss and vote on whether to allow Egyptian expats to import tax-free with the proviso that they deposit the equivalent of saved duties and taxes in a five-year FX certificate of deposit. <strong>T<\/strong><strong>he Madbouly government expects to drum up between USD 450 mn and USD 1 bn<\/strong> via the new iteration of the program, a government source told Enterprise.The Finance Ministry had targeted <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/30f774c7-53ed-44fb-b8cc-2cbd3b37fa9e\" style=\"\" rel=\"noopener\">USD 2.5 bn<\/a> in the first round of the scheme, which reportedly raised around <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/adc21580-5328-42dd-8b3e-402afed49b10\" style=\"\" rel=\"noopener\">USD 900 mn<\/a>.<\/li>\n<li>Changes to the <strong>Importers Registry<\/strong> that would allow foreign companies to become importerscould see the light of day if MPs vote through the legislation today. The bill would allow non-Egyptian investors to become registered importers and hold up to 49% of a trading company.<\/li>\n<li><strong>Abu Dhabi Ports <\/strong>could gain the right to build and develop the superstructure of the <a target=\"_blank\" href=\"https:\/\/www.adportsgroup.com\/en\/news-and-media\/2023\/03\/18\/ad-ports-group-signs-a-30-year-concession-agreement-to-develop-and-operate-safaga-port-in-egypt\" style=\"\" rel=\"noopener\">Safaga<\/a><a target=\"_blank\" href=\"https:\/\/www.adportsgroup.com\/en\/news-and-media\/2023\/03\/18\/ad-ports-group-signs-a-30-year-concession-agreement-to-develop-and-operate-safaga-port-in-egypt\" style=\"\" rel=\"noopener\">Port<\/a> as well as handle its management, operation, and management if a new draft bill passes the floor. <\/li>\n<\/ul><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>HAPPENING THIS WEEK-<\/strong><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>S&amp;P is next up to review our credit rating:<\/strong> S&amp;P Global Rating will publish its review of our sovereign credit rating on Friday. Moody\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6fce3ee3-016d-412b-be92-c47ec2ae0e72\" style=\"\" rel=\"noopener\">downgraded its rating<\/a> for Egypt to Caa1 from B3 earlier this month due to worsening debt affordability and the FX crunch.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>GREEN ENERGY-<\/strong><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>Wind farm proposals from Scatec, OC to be finalized before year\u2019s end?<\/strong> The Madbouly government expects to close on separate agreements with Orascom Construction and Scatec to build new wind projects, a senior Electricity Ministry official confirmed to Enterprise. The New Renewable Energy Authority and the energy companies are expected to sign development agreements within the next two months, our source told us. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember: <\/strong>On the sidelines of COP27 last November, an OC-led consortium with Engie and Toyota Tsusho signed up to build a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ce29a6e4-8653-4954-b817-c38ac8a69aa8\" style=\"\" rel=\"noopener\">3-GW wind farm<\/a> and Scatec said it was interested in building a portfolio of up to <a target=\"_blank\" href=\"https:\/\/enterprise.press\/stories\/2022\/11\/09\/egypt-has-just-lined-up-as-much-as-25-gw-worth-of-wind-projects-86669\/\" style=\"\" rel=\"noopener\">5 GW of wind projects<\/a> worth some USD 5 bn.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.autotechegypt.com\/en\/home.html\" style=\"\" rel=\"noopener\">Egypt Automotive<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.autotechegypt.com\/en\/home.html\" style=\"\" rel=\"noopener\">Aftermarket Exhibition<\/a><\/strong><strong> will run for the next three days at the Cairo International Convention Center<\/strong>, gathering players in the aftermarket industry including manufacturers and retailers.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The deadline for technical and financial offers for the Misr Aluminum<\/strong><strong> Company rehabilitation project has been extended by one month<\/strong>, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/10\/753.pdf\" style=\"\" rel=\"noopener\">EGX disclosure<\/a> from the company Sunday. The deadline was pushed back from 12 October to 12 November \u201cbased on the request of many companies,\u201d the statement said.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Missed this week\u2019s Inside Industry? <\/strong>In our weekly vertical exploring all things industry and manufacturing, we looked at how <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ff32af49-e16d-4fb7-b838-381373a3936b\" style=\"\" rel=\"noopener\">Egypt\u2019s elevator industry<\/a> \u2014 which has typically supplied around 30% or less of the country\u2019s total elevator demand \u2014 now needs to pick up production as imports of completely built elevators have become increasingly limited and expensive.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/enterprise.press\/wp-content\/uploads\/2022\/10\/CIRA-Blackboard-Banner-B-1600.jpg\"><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>*** It\u2019s Blackboard day:<\/strong> We have our weekly look at the business of education in Egypt, from pre-K through the highest reaches of higher ed. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In today\u2019s issue:<\/strong>Higher education rankings show a mixed bag for Egypt\u2019s universities<\/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\/antony-blinken\/\">Antony Blinken<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-us-relations\/\">Egypt-US relations<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gaza\/\">Gaza<\/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\/israel-palestine-conflict\/\">Israel-Palestine conflict<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/middle-east-politics\/\">Middle East politics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-today\/\">What We&#039;re Tracking Today<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"608163 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"608163\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/16\/608163\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-608163\" class=\"content-area-description single-story post-608163 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/oceanmanswim.com\/somabay-egypt\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/584.png?ssl=1\"><\/a><\/span><\/p><div class=\"grouped-tags\">\n<p><span style=\"font-weight:400;\">Oceanman is coming back to Somabay Red Sea for the third year in a row on 20-21 October 2023. More than 500 swimmers from 34 different countries worldwide. Uniting both professional and amateur open water swimmers from all over the world. Different races for athletes of all levels: 10 km, 5 km, 1.5 km and 3 x 500 m relay. Tap or click the image above for the experience of a lifetime.<\/span><\/p>\n<\/div>\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<section id=\"608164\" 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=\"608164\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">WAR WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/16\/could-some-aid-enter-gaza-today-plus-blinken-says-expelling-gazans-into-sinai-is-a-non-starter\/\">\r\n                            Could some aid enter Gaza today? Plus: Blinken says expelling Gazans into Sinai is a \u201cnon-starter.\u201d                        <\/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\/2023\/10\/16\/could-some-aid-enter-gaza-today-plus-blinken-says-expelling-gazans-into-sinai-is-a-non-starter\/\" 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\/2023\/10\/16\/could-some-aid-enter-gaza-today-plus-blinken-says-expelling-gazans-into-sinai-is-a-non-starter\/')\">\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\/2023\/10\/16\/could-some-aid-enter-gaza-today-plus-blinken-says-expelling-gazans-into-sinai-is-a-non-starter\/\">\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=Could some aid enter Gaza today? 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A Palestinian official told the American broadcaster that from 9am CLT today, foreign nationals will be able to leave the enclave into Egypt and vital humanitarian aid will be allowed in. A separate bulletin from <a target=\"_blank\" href=\"https:\/\/www.instagram.com\/p\/Cyb51uax_HS\/?igshid=MTc4MmM1YmI2Ng%3D%3D\" style=\"\" rel=\"noopener\">Asharq Business<\/a> reported the same information, citing unnamed sources. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Maybe? <\/strong>The Egyptian government is yet to comment publicly on the report and there\u2019s been no word yet from the Israelis that they won\u2019t strike aid convoys rolling in. Egypt over the weekend refused to open the border for foreigners looking to leave Gaza, saying behind closed doors that it would only do so if aid were allowed into the strip.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Border discussed at Cairo talks between El Sisi, Blinken:<\/strong> US Secretary of State Antony Blinken telegraphed the opening of the border yesterday in <a target=\"_blank\" href=\"https:\/\/eg.usembassy.gov\/secretary-antony-j-blinken-remarks-to-the-press\/\" style=\"\" rel=\"noopener\">comments to reporters<\/a> following a \u201cvery good\u201d conversation with President Abdel Fattah El Sisi in Cairo. \u201cRafah will be reopened. We\u2019re putting in place with the United Nations, with Egypt, with Israel, with others, a mechanism by which to get the assistance in and to get it to people who need it,\u201d he said. The two agreed on the need to address the humanitarian situation in Gaza and prevent civilian deaths, according to <a target=\"_blank\" href=\"https:\/\/eg.usembassy.gov\/secretary-blinkens-meeting-with-egyptian-president-el-sisi-3\/\" style=\"\" rel=\"noopener\">a US readout<\/a> of the conversation. Ittihadiya\u2019s release after the meeting was brief and said only that the two \u201clong standing strategic partners\u201d discussed \u201cmilitary escalation\u201d in Gaza.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Israel has \u201cover-extended the right to <\/strong><strong>self-defense and turned into collective punishment for 2.3 mn people in Gaza,\u201d<\/strong> El Sisi told Blinken in public comments before their meeting (<a target=\"_blank\" href=\"https:\/\/twitter.com\/Alqaheranewstv\/status\/1713555856262873317\" style=\"\" rel=\"noopener\">watch, runtime: 11:12<\/a>). El Sisi said that Egypt \u201cunequivocally\u201d condemns the massacre of Israeli civilians by Hamas but said that at the root of the crisis is \u201caccumulated fury and hatred\u201d caused by the occupation. An earlier meeting of the National Security Council had discussed the need for an end to civilian deaths and the provision of aid, and expressed support for the two state solution, <a target=\"_blank\" href=\"https:\/\/bit.ly\/3rJNAU1\" style=\"\" rel=\"noopener\">Ittihadiya<\/a> said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The Biden administration won\u2019t push for Gaza evacuation:<\/strong> The US will not back calls from Israel to resettle thousands of Gazans in Egypt, Blinken said in an interview with <a target=\"_blank\" href=\"https:\/\/bit.ly\/3FinwlV\" style=\"\" rel=\"noopener\">Al Arabiya<\/a>. Blinken has been on a whistle-stop tour of Arab capitals over the past week for talks with regional leaders, most of whom have publicly condemned plans to force Palestinians out of Gaza. \u201cI\u2019ve heard directly from Palestinian Authority President [Mahmoud] Abbas and from virtually every other leader that I\u2019ve talked to in the region, that that idea is a nonstarter, and so we do not support it,\u201d he told the Saudi broadcaster. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But the pressure is still there:<\/strong>Qatari and Israeli officials have been in Cairo in recent days to push for Palestinians to be allowed into the country, while a number of European leaders have spoken with El Sisi on the subject, according to <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/world\/middle-east\/egypt-weighs-letting-in-foreigners-and-palestinians-from-gaza-7df43a5f\" style=\"\" rel=\"noopener\">the Wall Street Journal<\/a>. Danny Ayalon, a former Israeli ambassador to the US, <a target=\"_blank\" href=\"https:\/\/twitter.com\/robinmonotti\/status\/1713148307021652023\" style=\"\" rel=\"noopener\">threatened<\/a> that Egypt \u201cwill have to play ball\u201d with the plans if it wants to avert a humanitarian disaster.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MPs condemn Gaza assault:<\/strong> A large number of Egyptian MPs delivered speeches in the House yesterday condemning Israeli aggression and rejecting the displacement of Palestinians. House Speaker Hanafi Gebaly accused Israel of breaching international law, and warned that its actions could trigger a wider conflict in the region.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>NO GROUND INVASION YET-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Israeli military is yet to start its anticipated ground invasion <\/strong><strong>of Gaza. <\/strong>Amid the continued build-up of troops around the territory, analysts are warning of the potential risks of a full-scale invasion, from the difficulty of defeating Hamas in close-quarters urban combat to the likelihood of a wider conflict with Hezbollah and Palestinian fighters in Lebanon. In <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2023\/10\/15\/us\/politics\/biden-israel-gaza.html\" style=\"\" rel=\"noopener\">an interview<\/a> yesterday, President Biden endorsed a decision to defeat Hamas but warned that an attempt to reoccupy the territory would be a \u201cbig mistake.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But the rhetoric is ugly:<\/strong> In the past few days Defense Minister Yoav Gallant <a target=\"_blank\" href=\"https:\/\/twitter.com\/AlArabiya_Eng\/status\/1712081490106876123\" style=\"\" rel=\"noopener\">told troops<\/a> that the IDF will \u201celiminate everything\u201d in Gaza, the Israeli president <a target=\"_blank\" href=\"https:\/\/news.yahoo.com\/israeli-president-says-no-innocent-154330724.html#:~:text=As%20Israel%20engages%20in%20a,left%20over%201%2C200%20people%20dead.\" style=\"\" rel=\"noopener\">suggested<\/a> that all Gaza\u2019s civilians are legitimate targets, and the country\u2019s cabinet minister <a target=\"_blank\" href=\"https:\/\/forward.com\/fast-forward\/564999\/israeli-minister-gaza-must-be-smaller-saar\/\" style=\"\" rel=\"noopener\">indicated<\/a> that it will seize Palestinian land. \u201cWhoever starts a war against Israel must lose territory,\u201d Gideon Sa\u2019ar said in an interview. Gaza \u201cmust be smaller at the end of the war.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>An \u201cunprecedented human catastrophe\u201d is taking place in Gaza<\/strong> a week into Israel\u2019s siege, the head of the UN\u2019s Palestinian refugee agency, Philippe Lazzarini, <a target=\"_blank\" href=\"https:\/\/www.unrwa.org\/newsroom\/official-statements\/unrwa-commissioner-general-philippe-lazzarini%E2%80%AF-remarks%E2%80%AF-situation-gaza-strip\" style=\"\" rel=\"noopener\">said<\/a> yesterday, warning that his colleagues are no longer able to provide humanitarian assistance. Thousands of people are without shelter, with an estimated 1 mn people displaced by the conflict, <a target=\"_blank\" href=\"https:\/\/www.smh.com.au\/world\/middle-east\/more-than-600-000-gazans-flee-israel-readies-for-two-front-war-20231016-p5ecg7.html\" style=\"\" rel=\"noopener\">more than 600k<\/a> of whom have fled Gaza City since Friday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The death toll is climbing rapidly:<\/strong> Almost 2.7k people in Gaza have been killed in Israel\u2019s bombing campaign and another 9.6k wounded, according to the <a target=\"_blank\" href=\"https:\/\/www.moh.gov.ps\/portal\/gaza-2670-palestinians-killed-since-the-start-of-escalation-on-the-morning-of-7-october-and-9600-citizens-were-injured\/\" style=\"\" rel=\"noopener\">latest figures<\/a> from the Palestinian health ministry. This is up from <a target=\"_blank\" href=\"https:\/\/www.moh.gov.ps\/portal\/gaza-2215-palestinians-killed-including-724-children-and-458-women-since-the-start-of-escalation-on-the-morning-of-7-october-and-8714-citizens-were-injured-including-2450-children-and-1536-wo-2\/\" style=\"\" rel=\"noopener\">just over 2.2k<\/a> the day before. About 1.3k Israelis died and more than 3k were wounded in Hamas\u2019 attack on 7 October. The Israeli military <a target=\"_blank\" href=\"https:\/\/news.yahoo.com\/israeli-president-says-no-innocent-154330724.html#:~:text=As%20Israel%20engages%20in%20a,left%20over%201%2C200%20people%20dead.\" style=\"\" rel=\"noopener\">said yesterday<\/a> that it had confirmed that Hamas was holding 155 people hostage, an increase from its previous 126 estimate.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DIPLOMACY-<\/strong><\/p>\n<ul>\n<li><strong>A congressional junket. Yeah. That\u2019s the solution: <\/strong>US senators are trying to <strong>rescue normalization talks between Saudi Arabia <\/strong><strong>and Israel<\/strong> and <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/us-senators-travel-israel-saudi-arabia-push-deal-2023-10-15\/\" style=\"\" rel=\"noopener\">will head to the Middle East<\/a> in the \u201ccoming days\u201d to encourage the two countries to continue with the process. Several reports in the international press, including in <a target=\"_blank\" href=\"https:\/\/www.france24.com\/en\/middle-east\/20231014-saudi-arabia-pauses-normalisation-talks-with-israel-amid-ongoing-war-with-hamas\" style=\"\" rel=\"noopener\">AFP<\/a> and <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/saudi-arabia-puts-israel-deal-ice-amid-war-engages-with-iran-sources-say-2023-10-13\/\" style=\"\" rel=\"noopener\">Reuters<\/a>, reported last week that the Saudis have paused the discussions due to the war.<\/li>\n<li><strong>The UN:<\/strong> UN Secretary-General Antonio Guterres <a target=\"_blank\" href=\"https:\/\/www.un.org\/sg\/en\/content\/sg\/statement\/2023-10-15\/secretary-general%E2%80%99s-statement-the-situation-the-middle-east\" style=\"\" rel=\"noopener\">called on<\/a> Hamas to immediately release Israeli hostages and Israel to allow humanitarian aid to enter Gaza, warning that the region is \u201c<strong>on the verge of the abyss<\/strong>.\u201d <\/li>\n<li><strong>The EU:<\/strong> \u201cWe strongly emphasize <strong>Israel\u2019s right to defend itself<\/strong> in line with humanitarian and international law,\u201d the EU said in <a target=\"_blank\" href=\"https:\/\/www.consilium.europa.eu\/en\/press\/press-releases\/2023\/10\/15\/statement-agreed-by-the-27-members-of-the-european-council-on-the-situation-in-the-middle-east\/\" style=\"\" rel=\"noopener\">a statement<\/a> calling on Hamas to release the hostages.<\/li>\n<li><strong>Russia:<\/strong> Russian president Vladimir Putin <a target=\"_blank\" href=\"http:\/\/en.kremlin.ru\/events\/president\/news\/72502\" style=\"\" rel=\"noopener\">has compared<\/a> <strong>Israel\u2019s blockade of Gaza to <\/strong><strong>Nazi Germany\u2019s siege of Leningrad<\/strong> (modern day St. Petersburg) during the Second World War, which killed more than 1 mn Russians. <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SPEAKING OF REGIONAL CONTAGION\u2026<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Clashes on Israel\u2019s northern borders are escalating:<\/strong> Israeli jets <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/world\/middle-east\/israel-airstrikes-kill-key-hamas-leader-as-gaza-humanitarian-crisis-grows-5ccdc18a\" style=\"\" rel=\"noopener\">bombed several targets<\/a> in Lebanon yesterday after armed groups launched missiles into northern Israel. Hezbollah fighters <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/one-killed-3-wounded-cross-border-hezbollah-attack-northern-israel-2023-10-15\/\" style=\"\" rel=\"noopener\">attacked several Israeli army posts<\/a> and a village, injuring five, while rocket fire hit the headquarters of the UN peacekeeping force in south Lebanon. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Iran is now warning the US, as well as Israel:<\/strong> \u201cIf the scope of the war expands, significant damages will also be inflicted upon America,\u201d Iranian media <a target=\"_blank\" href=\"https:\/\/twitter.com\/IranIntl_En\/status\/1713644288871924161\" style=\"\" rel=\"noopener\">reported<\/a> Foreign Minister Hossein Amir Abdollahian as telling Al Jazeera yesterday. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/antony-blinken\/\">Antony Blinken<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-us-relations\/\">Egypt-US relations<\/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\/israel-palestine-conflict\/\">Israel-Palestine conflict<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/middle-east-politics\/\">Middle East politics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/palestine\/\">Palestine<\/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=\"608166\" 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=\"608166\">\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\">Manufacturing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/16\/sczone-secures-over-usd-100-mn-in-chinese-textile-projects-turkish-companies-looking-to-expand-here\/\">\r\n                            SCZone secures over USD 100 mn in textile projects on China tour                        <\/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\/2023\/10\/16\/sczone-secures-over-usd-100-mn-in-chinese-textile-projects-turkish-companies-looking-to-expand-here\/\" 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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This is good news for the Madbouly government, which has been on an investment promotion kick using tools including <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d03b6507-b649-4f52-9d7b-1c4bdf41420a\" style=\"\" rel=\"noopener\">golden licenses<\/a> and more recent <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a3816fe9-2abf-4b6c-91ce-680ea72e2d1b\" style=\"\" rel=\"noopener\">business reforms<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CHINESE INVESTMENTS-<\/strong><\/p>\n<p> <strong>Over USD 100 mn in Chinese textile investments <\/strong><strong>could be<\/strong><strong> coming to the <\/strong><strong>SCZone: <\/strong>The Suez Canal Economic Zone (SCZone) and a number of Chinese companies have signed agreements to establish textile projects worth a combined USD 101.3 mn in investment in the West Qantara Industrial Zone, a cabinet <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0FcGh5FU9ognqz3YPFu3FDpk8186xSof2vp2rZT3gzvM3khUAEh3frVbE1ebAQF6Sl\" style=\"\" rel=\"noopener\">statement<\/a> said yesterday. The statement did not provide any details on the production capacities of the project or their implementation timelines.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SCZone chief Walid Gamal El Din is currently in China to drum-up investment:<\/strong> Walid Gamel El Din landed in Shanghai on Sunday to meet with Chinese companies within the textile industries and other sectors targeted for localization in the authority\u2019s ports and regions. The SCZone <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fcb90924-b70d-4587-b5f5-cc652d64c922\" style=\"\" rel=\"noopener\">signed initial agreements<\/a> with a number of Chinese companies in May, during its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/04dda22d-b376-4d76-bf9a-50f917a5ac39\" style=\"\" rel=\"noopener\">China and Hong Kong roadshow<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Hengsheng to invest USD 70 mn in textile factory:<\/strong> The SCZone signed a usufruct contract with Hengsheng Dyeing Zhejiang Company to invest USD 70 mn building a dyeing, processing, and textile manufacturing project on a 200k sq m plot of land in the West Qantara Industrial Zone, which is expected to create some 1.5k new job opportunities. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More to come:<\/strong> Three letters of intent were also signed to establish textile projects, with contracts hopefully being signed in the upcoming months, the statement read.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong>Fabrics producer <strong>Shanoxing Yuding Textile Company <\/strong>wants to invest USD 5 mn to open a factory \u2014 under the name Dinghang Egypt \u2014 on a 12.7k sq m plot in the West Qantara Industrial Zone. The factory will create 100 new jobs and the company plans to export 90% of the total production to the US and European market.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong><strong>Shengzhou Captain Industrial and Trading Company <\/strong>chair Wang Xiao Rong signed a letter indicating that the company wants to invest USD 5 mn in a plant manufacturing spandex, polyester and elastic yarns on a 12k sq m plot in the West Qantara Industrial Zone, creating some 500 new jobs.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3-<\/strong> Australian China-based investment firm <strong>IndoChine Holdings<\/strong> could spend USD 21.3 mn developing a factory in the Qantara West Industrial Zone. The Hangzhou-based company plans to export 100% of the factory\u2019s products to US and European markets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The SCZone\u2019s textile sector has seen a host of commitments this year:<\/strong> Agreements for some USD 45 mn worth of textile projects in China\u2019s TEDA industrial zone in Ain Sokhna <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a5b7267c-c7ca-48bb-8d4a-a71d245d727b\" style=\"\" rel=\"noopener\">were signed in July<\/a>, while the local unit of Shanghai-listed Chinese textile manufacturer Zhejiang Cady Industry <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5f955b5d-40c5-4b38-b1d9-4cffe953f653\" style=\"\" rel=\"noopener\">announced<\/a> in August that it would invest USD 60 mn to establish a factory in the TEDA zone, with the first phase set to start this year and wrap up before the end of 2024<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- China is looking to expand its presence in Egypt in a big way:<\/strong> Some 10-15 Chinese companies have shown interest in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c8341f69-c9f5-4504-8470-e5d109f40c83\" style=\"\" rel=\"noopener\">establishing a specialized industrial zone<\/a> for chemicals with investments worth the equivalent of USD 7.5-12 bn in CNY over the next three to four years. The push comes as many manufacturers look to diversify their footprints by adopting a \u201cChina +1\u201d posture.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CNY investments could accelerate that:<\/strong> Authorities could allow Chinese to make local investments in CNY, with media outlets reporting that there is an agreement between the General Authority for Freezones and Investment and the Central Bank of Egypt to increase the use of the currency in Egypt. Talks are ongoing for the <a target=\"_blank\" href=\"https:\/\/www.cdb.com.cn\/\" style=\"\" rel=\"noopener\">China Development Bank<\/a> to set up a branch in Egypt, a move that would enable Chinese companies to access CNY in Egypt to fund local investments.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>TURKISH INVESTMENTS-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Trade delegation drums up Turkish investments:<\/strong> Trade Minister Ahmed Samir was in Turkey to meet with companies working in textiles, paper, real estate, and other industries and promote investment in Egypt, according to a <a target=\"_blank\" href=\"https:\/\/bit.ly\/46wW7bO\" style=\"\" rel=\"noopener\">Trade Ministry statement<\/a> yesterday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong>Textile and real estate company <strong>Eroglu Holding<\/strong> wants to expand one of its existing textile factories in Damietta to bring annual production to 50 mn meters of fabric and yearly sales to USD 150 mn. The company also wants to set up a USD 300 mn polyester and nylon factory on 500k sq m in the Suez Canal with the aim of achieving USD 200 mn in annual sales. The company is also mulling over opening a mattress factory at a cost of USD 200 mn to both serve local demand and export to Africa.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong>Hygiene and sanitary products company <strong>Hayat <\/strong>hopes to open three additional factories in the country. A USD 70 mn paper tissue factory is on the cards, as is a USD 35 million industrial detergents plant, and a diaper facility of an unspecified size. The company is also studying the possibility of opening a paper factory that uses our abundant date palms as the main raw material. The company has been operating here since 2012 and has invested USD 550 mn so far in its Egypt operations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3-<\/strong>Clothing giant <strong>LC Waikiki <\/strong>wants to open a factory in one of our freezones to take advantage of the incentives on offer. On the high street (and malls), the Turkish company wants to expand to 100 stores in five years, more than double the 38 it currently has. Its total investments here currently stand at USD 100 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4-<\/strong> Fellow clothing company <strong>T&C<\/strong> is looking to expand its total factory footprint here to 100k sq m. The company already employs 6.5k people<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- <\/strong>And last but not least, for the sweet tooths out there, Turkish confectionery company<strong>Kervan <\/strong>is aiming to expand its current factory by over 50% to 50k sq m. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND-<\/strong> Amid warming diplomatic ties between Egypt and Turkey, Turkish banks and manufacturers have been <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/67f44b56-1f3e-4131-a5cd-88b97aa666c9\" style=\"\" rel=\"noopener\">expressing their interest<\/a> in expanding into the local Egyptian market, and the two sides even reinstated the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a015ecda-9182-4acf-8e81-1b72a3f2e028\" style=\"\" rel=\"noopener\">Egyptian-Turkish Business Council<\/a> for the first time in 10 years in May.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN OTHER MANUFACTURING NEWS-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Alstom to ink <\/strong><strong>EUR <\/strong><strong>300 mn industrial complex contract next month: <\/strong>French rolling stock manufacturer Alstom will ink a EUR 300 mn contract with the Transport Ministry on the sidelines of the the <a target=\"_blank\" href=\"https:\/\/trans-mea.com\/\" style=\"\" rel=\"noopener\">Transmea Conference<\/a>, taking place from 5-8 November, <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/4emmc6za\" style=\"\" rel=\"noopener\">Amwal Al Ghad<\/a> reported, citing sources it says have knowledge of the matter. Alstom will use the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/089495f3-c627-4d5f-9c7a-f597b0557068\" style=\"\" rel=\"noopener\">investment<\/a> over the next three years to establish two factories in Borg El Arab to produce electrical systems along with metro and monorail rolling stock. Over the summer, the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a254b1c5-fe22-492c-9e39-d5be1a93b2cc\" style=\"\" rel=\"noopener\">cabinet approved<\/a> in principle Alstom\u2019s plans.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-china-relations\/\">Egypt-China relations<\/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\/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\/suez-canal-economic-zone\/\">Suez Canal Economic Zone<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/textiles\/\">textiles<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"608168\" 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=\"608168\">\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\">Development finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/16\/banque-misr-lands-usd-234-mn-from-ifc-for-msme-support\/\">\r\n                            IFC loans Banque Misr USD 234 mn to support small, female-owned businesses in Egypt                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/16\/banque-misr-lands-usd-234-mn-from-ifc-for-msme-support\/\" 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 loan, which was announced on the sidelines of the World Bank and IMF\u2019s annual meeting in Marrakech, will \u201ccreate new jobs, boost economic growth, and reduce the gender financing gap,\u201d the statement said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s a bit less than originally expected: <\/strong>The IFC was considering lending Banque Misr <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/910a32c1-8831-4573-93dd-ac100e0b76f5\" style=\"\" rel=\"noopener\">USD<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/910a32c1-8831-4573-93dd-ac100e0b76f5\" style=\"\" rel=\"noopener\">260 mn<\/a>, with the IFC providing USD 216.7 mn and the rest coming from its co-lending program, the lender\u2019s website said in May. At the time the IFC said the loan had a tenor of five years, this was not confirmed in the recent statement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The breakdown:<\/strong> The loan is composed of USD 190.7 mn in funds from the IFC and a further USD 43.3 mn from the IFC\u2019s emerging markets mobilization platform MCPP One Planet. The project will also be able to access concessional funding through the IFC\u2019s Global SME Finance Facility.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not the first time the IFC and Banque Misr partnered up to support women-led<\/strong><strong> businesses: <\/strong>The IFC supported Banque Misr\u2019s Zaat program for female entrepreneurs launched in <a target=\"_blank\" href=\"https:\/\/pressroom.ifc.org\/all\/pages\/PressDetail.aspx?ID=26874\" style=\"\" rel=\"noopener\">2022<\/a>. However, this new USD 234 mn loan marks the IFC\u2019s \u201cfirst gender-lens investment\u201d in one of our state-owned banks, the statement added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Banque Misr saw the EBRD greenlight USD 100 mn for MSMEs in July:<\/strong> The European Bank for Reconstruction and Development (EBRD) announced it would provide a loan of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/329517f6-6a93-43e1-9b8b-ae632f1bf2d6\" style=\"\" rel=\"noopener\">USD 100 mn<\/a> to the bank to be directed to supporting MSMEs in May, with a focus on businesses located in areas with limited access to financial services. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DATA POINT: <\/strong>TheIFC\u2019s Egypt portfolio now stands at some USD 1.7 bn, backed up with an active advisory portfolio amounting to USD 32 mn.<\/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\/banque-misr\/\">Banque Misr<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/development-finance\/\">development finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/international-finance-corporation\/\">International Finance Corporation<\/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=\"608170\" 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=\"608170\">\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\">LEGISLATION WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/16\/house-passes-cost-of-living-payout-tax-break\/\">\r\n                            House passes cost-of-living payout, tax break                        <\/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\/2023\/10\/16\/house-passes-cost-of-living-payout-tax-break\/\" 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 two bills will now be sent to President Abdel Fattah El Sisi to be ratified into law and will retroactively come into effect from 1 October.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Tax cut:<\/strong> The House approved amendments to the Income Tax Act that would raise the tax exemption threshold by <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/96908889-0ee2-45a7-b223-c57c6f32bec1\" style=\"\" rel=\"noopener\">25% to EGP 45k from EGP 36k<\/a>. The measure was announced last month as part of a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9b182e4c-7409-4375-b92f-82f32198f67c\" style=\"\" rel=\"noopener\">package of measures<\/a> aimed at reducing the impact of soaring inflation on low earners.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The numbers: <\/strong>The income tax exemption threshold has risen 275% in just nine years, mirroring the minimum wage rising 233% in the same period, according to a House committee report.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Cost of living allowances and pension payouts:<\/strong> The draft bill will amend the 2022 law to raise the exceptional cost of living allowance to EGP 600 for all state employees starting this month, double the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ddca62b3-07a3-48e2-b026-0e49792dffb3\" style=\"\" rel=\"noopener\">EGP 300<\/a> paid out previously, while also doubling an exceptional grant for pensioners to EGP 600 from EGP 300.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The numbers: <\/strong>The wage hike is set to cost EGP 15.8 bn and the pension payout will come in at EGP 32 bn. <\/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\/abu-dhabi-ports\/\">Abu Dhabi Ports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/expat-car-initiative\/\">expat car initiative<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gaza\/\">Gaza<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/house-of-representatives\/\">House of Representatives<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/import-bill\/\">import bill<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/income-tax\/\">income tax<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/legislation-hikes\/\">Legislation Hikes<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/legislation-watch\/\">Legislation Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/wage-and-pension-hikes\/\">wage and pension hikes<\/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=\"608172\" 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=\"608172\">\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\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/16\/egypt-and-jordan-mull-new-subsea-electricity-link\/\">\r\n                            Egypt and Jordan mull new subsea electricity link                        <\/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\/2023\/10\/16\/egypt-and-jordan-mull-new-subsea-electricity-link\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+and+Jordan+mull+new+subsea+electricity+link+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2023%2F10%2F16%2Fegypt-and-jordan-mull-new-subsea-electricity-link%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\/2023\/10\/16\/egypt-and-jordan-mull-new-subsea-electricity-link\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/754.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"608173\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/16\/egypt-and-jordan-mull-new-subsea-electricity-link\/754-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/754.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"754.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/754.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/754.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-608172\" class=\"content-area-description single-story post-608172 post type-post status-publish format-standard has-post-thumbnail hentry category-energy tag-egypt-jordan-relations tag-energy tag-enterpriseam tag-jordan tag-renewables wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/10\/.0a6e8e47-40f5-4531-92b6-5c4e837c8e9f.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A new Egypt-Jordan electricity link upgrade may be in the<\/strong><strong> works: <\/strong>Egypt and Jordan are currently conducting a technical and financial study for a new 1.1 GW subsea power cable, a government source told Enterprise. The total 2 GW link between the two countries, announced by&nbsp;<span style=\"background-color: transparent;\">Prime Minister Mostafa Madbouly in August and reported by&nbsp;<\/span><a target=\"_blank\" href=\"https:\/\/english.ahram.org.eg\/NewsContent\/1\/1234\/506206\/Egypt\/Foreign-Affairs\/Egypt-and-Jordan-sign--MoUs-in-Amman-to-bolster-ti.aspx\" style=\"background-color: rgb(255, 255, 255);\" rel=\"noopener\">Ahram Online<\/a>, will be supported by the proposed subsea cable as a way to reduce costs.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>When\u2019s decision time? <\/strong>The two countries will decide by the end of the year whether to implement the plan.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know so far:<\/strong> The state expects to break ground on the first phase of the capacity expansion in 1Q 2024, our source told us. The new cable will be laid in tandem with work on the Egypt-Iraq link and its first phase is expected to wrap by the end of 2024. We haven\u2019t heard how much this is all going to cost, but our source told us that Jordan will pay for the project without going into details about how the country plans to finance it.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><i>*Correction on 16 October 2023: <font color=\"#b5b5c3\"><span style=\"font-size: 15px;\">Our initial coverage said that Jordan and Egypt had scaled back their initial planned upgrade to our electricity link between the countries to 1.1 GW for the time being due to economic headwinds. Instead, they are studying channeling 1.1 GW of a total 2.2 GW link through a subsea cable as a cheaper alternative to on-land cables.<\/span><\/font><\/i><\/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\/egypt-jordan-relations\/\">Egypt-Jordan relations<\/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\/jordan\/\">Jordan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"608174 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"608174\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/16\/608174\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-608174\" class=\"content-area-description single-story post-608174 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.sodic.com\/SodicSignatureCommunities#THEESTATESResidences\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/415.jpg?ssl=1\"><\/a><\/span><\/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<section id=\"608175\" 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=\"608175\">\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\">LAST NIGHT\u2019S TALK SHOWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/16\/last-nights-talk-shows-on-the-ninth-day-of-the-gaza-war\/\">\r\n                            Gaza continues to dominate the nation\u2019s talk shows                        <\/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\/2023\/10\/16\/last-nights-talk-shows-on-the-ninth-day-of-the-gaza-war\/\" 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\/2023\/10\/16\/last-nights-talk-shows-on-the-ninth-day-of-the-gaza-war\/')\">\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\/2023\/10\/16\/last-nights-talk-shows-on-the-ninth-day-of-the-gaza-war\/\">\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=Last Night\u2019s Talk Shows on the ninth day of the Gaza war&url=https:\/\/enterpriseam.com\/egypt\/2023\/10\/16\/last-nights-talk-shows-on-the-ninth-day-of-the-gaza-war\/\">\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\/2023\/10\/16\/last-nights-talk-shows-on-the-ninth-day-of-the-gaza-war\/&title=Last Night\u2019s Talk Shows on the ninth day of the Gaza war\">\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=Last+Night%E2%80%99s+Talk+Shows+on+the+ninth+day+of+the+Gaza+war+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2023%2F10%2F16%2Flast-nights-talk-shows-on-the-ninth-day-of-the-gaza-war%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\/2023\/10\/16\/last-nights-talk-shows-on-the-ninth-day-of-the-gaza-war\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/774.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"608176\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/16\/last-nights-talk-shows-on-the-ninth-day-of-the-gaza-war\/774-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/774.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"774.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/774.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/774.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-608175\" class=\"content-area-description single-story post-608175 post type-post status-publish format-standard has-post-thumbnail hentry category-last-nights-talk-shows tag-election-2023 tag-enterpriseam tag-food-prices tag-last-nights-talk-shows tag-middle-east-politics wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/10\/.5ce92194-1df1-4cd5-907a-ded48789061f.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Gaza war<\/strong><strong> entered its nint<\/strong><strong>h night of coverage<\/strong>, as the nation\u2019s talking heads focused on President Abdel Fattah El Sisi\u2019s meeting with US Secretary of State Antony Blinken in Cairo. The meeting between El Sisi and the National Security Council also got a lot of coverage, as well as on-the-ground developments in Gaza throughout the night.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Is<\/strong><strong>rael\u2019s reaction goes beyon<\/strong><strong>d the issue of self defense and amounts to collective<\/strong><strong> punishment<\/strong>, President Abdel Fattah El Sisi told US Secretary of State Anthony Blinken during his visit to Cairo yesterday. El Sisi\u2019s comments received widespread coverage on last night\u2019s talk shows. Presidential spokesman Ahmed Fahmy appeared on El Hekaya to tell Amr Adib that El Sisi was keen for his comments during the meeting to be \u201cclear and in numbers\u201d so that the whole world could hear it. Adib drew his audience\u2019s attention to what he said is the US administration\u2019s confusion in managing the ongoing conflict in Gaza (watch, runtime: <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/watch\/?v=238604068874164\" style=\"\" rel=\"noopener\">4:49<\/a> | <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/watch\/?v=1531495257664209\" style=\"\" rel=\"noopener\">3:04<\/a>). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Lamees El Hadidi spoke to Al Sharq Al Awsat\u2019s Washington bureau chief Heba El Qudsi<\/strong>to find out what happens now after Blinken\u2019s visit to the Middle East (watch, runtime: <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/watch\/?v=1693017337862283\" style=\"\" rel=\"noopener\">3:04<\/a> | <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/watch\/?v=678474217713940\" style=\"\" rel=\"noopener\">14:49<\/a>). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The U<\/strong><strong>S <\/strong><strong>is concerned about hostages and regional interference: <\/strong>The US and Egypt share a common perspective on Gaza, US State Department regional spokesman (and former Cairo hand) <a target=\"_blank\" href=\"https:\/\/www.state.gov\/biographies\/samuel-werberg\/\" style=\"\" rel=\"noopener\">Sam Werberg<\/a> said during an appearance on Ala Masouleety. Werberg added that the US is looking to make it possible for humanitarian aid to enter Gaza and is trying to help US hostages and other Americans in Gaza. He also expressed the US administration\u2019s concern that Iran or Hezbollah may interfere in the conflict (<a target=\"_blank\" href=\"https:\/\/www.facebook.com\/watch\/live\/?ref=watch_permalink&v=6359510434155314\" style=\"\" rel=\"noopener\">watch, runtime: 29:48<\/a>).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Gaza Strip is in a \u201cmajor calamity and disaster,\u201d <\/strong>said UNRWA spokesperson Adnan Abu Hasna, who appeared on Kelma Akhira (<a target=\"_blank\" href=\"https:\/\/www.facebook.com\/KelmaAkhira\/videos\/1016315766362047\/\" style=\"\" rel=\"noopener\">watch, runtime: 12:23<\/a>) and El Hekaya (<a target=\"_blank\" href=\"https:\/\/www.facebook.com\/watch\/?v=900948951642536\" style=\"\" rel=\"noopener\">watch, runtime: 6:06<\/a>) to discuss the current conditions in Gaza. \u201cThere is currently no electricity or internet and people are besieged\u2026I have lived through all the wars, but I have never seen anything like what is happening now,\u201d he said. Rami El Nazer, the executive director of the Egyptian Red Crescent, appeared on Lobna Assal\u2019s Al Hayah Al Youm to talk about the aid piling up while it waits to reach Gaza (<a target=\"_blank\" href=\"https:\/\/www.facebook.com\/watch\/?v=721687693158334\" style=\"\" rel=\"noopener\">watch, runtime: 5:54<\/a>). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also on the airwaves last nigh<\/strong><strong>t:<\/strong><\/p>\n<ul>\n<li><strong>Food price controls:<\/strong> Coverage on the government and private sector\u2019s initiative to reduce the prices of basic food commodities continued on Kelma Akhira (watch, runtime: <a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=9VtVwWDgBrk&ab_channel=%D9%83%D9%84%D9%85%D8%A9%D8%A3%D8%AE%D9%8A%D8%B1%D8%A9%D9%85%D8%B9%D9%84%D9%85%D9%8A%D8%B3%D8%A7%D9%84%D8%AD%D8%AF%D9%8A%D8%AF%D9%8A\" style=\"\" rel=\"noopener\">1:46<\/a> | <a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=SMAnINeqpf4&ab_channel=%D9%83%D9%84%D9%85%D8%A9%D8%A3%D8%AE%D9%8A%D8%B1%D8%A9%D9%85%D8%B9%D9%84%D9%85%D9%8A%D8%B3%D8%A7%D9%84%D8%AD%D8%AF%D9%8A%D8%AF%D9%8A\" style=\"\" rel=\"noopener\">1:55<\/a>) and El Hekaya (<a target=\"_blank\" href=\"https:\/\/www.facebook.com\/watch\/?v=316519104341985\" style=\"\" rel=\"noopener\">watch, runtime: 3:01<\/a>).<\/li>\n<li><strong>Election 2023:<\/strong>Talk about December\u2019s presidential election was limited to preparations to facilitate Egyptian expats voting on Al Hayah Al Youm (<a target=\"_blank\" href=\"https:\/\/www.facebook.com\/watch\/live\/?ref=watch_permalink&v=1063714928147264\" style=\"\" rel=\"noopener\">watch, runtime: 4:13<\/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\" 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Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/16\/elsewedy-and-al-kharafi-grab-electricity-transformer-station-contracts\/\">\r\n                            Egypt\u2019s Elsewedy and Kuwait's Al Kharafi grab electricity transformer station contracts                        <\/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\/2023\/10\/16\/elsewedy-and-al-kharafi-grab-electricity-transformer-station-contracts\/\" target=\"_blank\">\n                    Open in new tab    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src=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/779.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"608179\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/16\/elsewedy-and-al-kharafi-grab-electricity-transformer-station-contracts\/779-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/779.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"779.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/779.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/779.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-608178\" class=\"content-area-description single-story post-608178 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-al-ahly-tamkeen-for-microfinance tag-al-kharafi-sons tag-also-on-our-radar tag-banking tag-elsewedy-electric tag-enterpriseam tag-infrastructure tag-manufacturing tag-microfinance tag-national-bank-of-egypt tag-non-banking-financial-services tag-schneider-electric tag-suez-canal-authority wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/10\/.66e0dac7-341a-4d11-8513-97608c611cca.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>INFRASTRUCTURE-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>#1- Elsewedy Electric, Al Kharafi to build new transformer stations:<\/strong> The government has awarded contracts to construct two transformer stations to Elsewedy Electric and a subsidiary of Kuwaiti conglomerate Al Kharafi Group, <a target=\"_blank\" href=\"https:\/\/bit.ly\/3ZUQgKU\" style=\"\" rel=\"noopener\">Asharq Business<\/a> reports, citing Atter Hannoura, who heads the Finance Ministry\u2019s PPP unit. Under the contracts, Elsewedy will establish a station at New Alamein and Al Kharafi will construct one at Tenth of Ramadan City. This is part of the government\u2019s EGP 7 bn project to establish nine transformer stations in partnership with the private sector. Hannoura did not disclose the value of the contracts.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>The news comes a few days after the European Bank of Reconstruction and Development (EBRD) said it is considering <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8cfa7f13-5757-4c41-a463-99de419751cf\" style=\"\" rel=\"noopener\">providing up to EUR 165 mn in financing<\/a> to the government to upgrade the country\u2019s electricity grid.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Schneider Electric x Suez Canal Authority: <\/strong>Schneider Electric has signed a contract with the Suez Canal Authority to carry out maintenance work on the electrical and control systems in the three tunnels under the canal, it said in <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/10\/642.pdf\" style=\"\" rel=\"noopener\">a press release (pdf)<\/a> last week.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>FINANCE-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emirates NBD x Al Ahly Tamkeen: <\/strong>Emirates NBD Egypt will provide a EGP 200 mn loan to the National Bank of Egypt\u2019s microlending unit Al Ahly Tamkeen to help it expand its loan portfolio, it said in <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/10\/762.pdf\" style=\"\" rel=\"noopener\">a statement (pdf)<\/a> yesterday. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/al-ahly-tamkeen-for-microfinance\/\">Al Ahly Tamkeen for Microfinance<\/a>\n                <!-- <span 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href=\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/16\/optimism-grows-that-the-us-may-avoid-a-recession\/\">\r\n                            Optimism grows that the US may avoid a recession                        <\/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\/2023\/10\/16\/optimism-grows-that-the-us-may-avoid-a-recession\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li 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data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/16\/optimism-grows-that-the-us-may-avoid-a-recession\/777-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/777.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"777.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/777.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/777.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-608180\" class=\"content-area-description single-story post-608180 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-enterpriseam tag-federal-reserve tag-financial-markets tag-global-economy tag-planet-finance tag-us wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_408150\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408151.svg\" alt=\"\" class=\"wp-image-408151\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/10\/.e705cc7f-3567-4117-b387-96e302afd6bb.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>US could sidestep a recession, say economists: <\/strong>With the Fed potentially halting its cycle of interest rate hikes, inflation easing, and growth surpassing expectations, economists have now put the chance of a US recession within the next year at 48%, down from a 54% average in July, the <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/economy\/a-recession-is-no-longer-the-consensus-3ad0c3a3?mod=hp_lead_pos2\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a> reports, citing data from its quarterly survey of business and academic economists. The results are the first time that the country\u2019s recession probability has fallen below 50% since the middle of 2022. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Driving optimism: <\/strong>Strong jobs data and economic growth, falling inflation, and optimism that interest rates have reached their peak.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A case for a soft landing: <\/strong>The predictions relay confidence that the Fed will be able to create a \u2018soft-landing\u2019, a situation in which inflation falls without causing a recession, writes the WSJ. \u201cThe case for a soft landing has undeniably strengthened,\u201d Deutsche Bank economists said. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But risks still remain: <\/strong>Deutsche Bank economics warned that despite the optimism,\u201cheadwinds such as depleted savings, tightening credit conditions, slowing income growth and return of student debt payments will weigh more appreciably over the next year.\u201d Recent developments like the war in Gaza and the potential for regional escalation could also have unforeseen effects for the US economy in coming months. <\/p><p><a target=\"_blank\" id=\"t.d510636927e800a3796ff4c3ffa074e19e4bc93d\" rel=\"noopener\"><\/a><a target=\"_blank\" id=\"t.0\" rel=\"noopener\"><\/a> <\/p><div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table table-striped markets-table\">\n<tbody>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EGX30 <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">20,325<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.6% (YTD: +39.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD (CBE)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 30.83<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 30.96<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD at CIB<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 30.85<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 30.95<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Interest rates CBE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">19.25% deposit<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">20.25% lending<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Tadawul<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">10,543<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.4% (YTD: +0.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,483<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.1% (YTD: -7.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>D<\/strong><strong>F<\/strong><strong>M<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">3,965<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-2.3% (YTD: +18.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&amp;P 500<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4,328<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.5% (YTD: +12.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>FTSE 100<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">7,600<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.6% (YTD: +2.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Euro Stoxx 50<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4,136<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.5% (YTD: +9.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 90.89<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+5.7%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3.24<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-3.2%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 1,941.50<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+3.1%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 27,262<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.5% (YTD: +64.7%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The EGX30 rose 1.6% at yesterday\u2019s close<\/strong> on turnover of EGP 2.6 bn (19.4% above the 90-day average). Local investors were net sellers. The index is up 39.2% YTD.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green: <\/strong>Mopco (+16.7%), Orascom Construction (+14.0%) and Oriental Weavers (+6.1%).<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Madinet Masr (-3.3%), EFG Holding (-2.8%) and Alexandria Containers and Goods (-2.7%).<\/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\/federal-reserve\/\">Federal Reserve<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-markets\/\">Financial Markets<\/a>\n                <!-- <span 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sidebar-vertical-info\" style=\"flex-basis:22.8%\">\r\n                <figure class=\"wp-block-image size-full\">\r\n                                            <img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27466.svg\" style=\"width:80%\" alt=\"\" >\r\n                                    <\/figure>\r\n                <p>\r\n                    Our weekly deep dive into education in Egypt, from K-12 to post-secondary.                <\/p>\r\n                <figure class=\"wp-block-image size-full mt-0 mb-0 img-white-bg\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27480.svg\" alt=\"\"><\/figure>\r\n                <p class=\"has-text-color has-link-color\">\r\n                    Published every Monday in EnterpriseAM.                <\/p>\r\n                <div class=\"wp-block-buttons mt-0\">\r\n                    <div class=\"wp-block-button\">\r\n                        <a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/enterpriseam.com\/egypt\/blackboard\/\">\r\n                            Read Blackboard                        <\/a>\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column issue-section\">\r\n                <div class=\"story-section\">\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\">BLACKBOARD<\/p>\r\n                        <h3 class=\"story-title\"><a href=\"https:\/\/enterpriseam.com\/egypt\/blackboards\/this-years-higher-education-rankings-are-a-mixed-bag-for-egypts-universities\/\">\r\n                            The 2023 higher education rankings are a mixed bag for Egypt\u2019s universities<\/a>\r\n                        <\/h3>\r\n                        \r\n\t\t\t\t\t\n<div 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post-608182 blackboard type-blackboard status-publish has-post-thumbnail hentry category-blackboard tag-blackboard tag-education tag-enterprise-blackboard tag-enterpriseam tag-qs-world-university-rankings tag-times-higher-education-world-university-rankings wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Egyptian universities broadly faced some setbacks in this year\u2019s international rankings, <\/strong><strong>although there were also some bright spots.<\/strong> Different international rankings showed different levels of performance among Egyptian universities, with one ranking seeing more universities entering the ranking, while another saw the majority of ranked universities fall back in their standings. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There are a handful of global ranking systems out there, but there are three that really <\/strong><strong>count:<\/strong> The <a target=\"_blank\" href=\"https:\/\/www.topuniversities.com\/qs-world-university-rankings\/methodology\" style=\"\" rel=\"noopener\">QS World University Rankings<\/a>, the <a target=\"_blank\" href=\"https:\/\/www.timeshighereducation.com\/world-university-rankings\" style=\"\" rel=\"noopener\">Times Higher Education (THE) World University Rankings<\/a>, and the <a target=\"_blank\" href=\"https:\/\/www.shanghairanking.com\/rankings\/arwu\/2022\" style=\"\" rel=\"noopener\">Academic Ranking of World Universities (ARWU, or the Shanghai Ranking)<\/a>. The 2024 edition of the ARWU ranking has yet to be released. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We have 12 more Egyptian universities included in <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.timeshighereducation.com\/world-university-rankings\/2024\/world-ranking#!\/length\/50\/locations\/EGY\/sort_by\/rank\/sort_order\/asc\/cols\/scores\" style=\"\" rel=\"noopener\">THE\u2019s 2024 ranking<\/a><\/strong>, which now includes 38 Egyptian universities, up from 26 in last year\u2019s edition. Badr University in Cairo, Delta University for Science and Technology, Egyptian Russian University, Misr University for Science and Technology, and Pharos University all became reporter universities in the latest rankings, as were Canadian International College (CIC), Future University, October 6 University, October University for Modern Sciences and Arts (MSA), and University of Sadat City, which were also reporter universities in last year\u2019s ranking. Reporter universities feed in data, but are not ranked.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The methodology:<\/strong> THE\u2019s ranking system adopts 13 performance indicators grouped into five areas: Teaching (the learning environment); research (volume, income and reputation); citations (research influence); International outlook (staff, students and research); and industry income (knowledge transfer), <a target=\"_blank\" href=\"https:\/\/bit.ly\/3RZgare\" style=\"\" rel=\"noopener\">THE rankings methodology<\/a> notes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Aswan University breaks its streak:<\/strong> After a four-year run of being ranked as the top Egyptian university in THE\u2019s ranking, it ceded the top spot to Egypt-Japan University of Science and Technology (E-JUST), which is ranked 601-800. E-JUST was a reporter university last year. Aswan is tied with Al Azhar University, Alexandria University, the American University, Cairo University, Damietta University, Kafrelsheikh University, Mansoura University, and Zagazig University, all of which are ranked 801-1000. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A number of universities stumbled in this year\u2019s ranking:<\/strong> Aswan had been ranked in the 401-500 range last year, while Kafrelsheikh and Mansoura were ranked 501-600 last year, and Cairo University was ranked 601-800. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over in the QS ranking, it\u2019s Cairo University\u2019s time to shine:<\/strong>This year, Cairo University is ranked 371, leading in the academic reputation, employer reputation, employment outcome, international research network, and sustainability scores. This is a leap from the university\u2019s position in last year\u2019s ranking, which placed it in the 551-560 range. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AUC leads the private pack:<\/strong> The American University in Cairo (AUC) is the top-ranked private university in Egypt, coming in at 415 in the overall ranking and second in the country behind Cairo University. AUC ranks strongest in terms of the faculty-student ratio, citations per faculty, and international faculty ratio.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>As for the rest of the ranking:<\/strong> Ain Shams University is ranked as the third-best Egyptian university (721-730), followed by Alexandria University (901-950); the Arab Academy for Science, Technology, and Maritime Transport, Assiut University, Future University in Egypt, and Mansoura University (1001-1200); Al Azhar University, British University in Egypt, German University in Cairo, Helwan University, Suez Canal University, Tanta University, and Zagazig University (1201-1400). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We continue to have the highest number of universities represented in the QS rankings <\/strong><strong>out of all African countries:<\/strong> Egypt maintained its lead position on a continent level in the QS World University Rankings 2024, with 15 ranked universities, out of 32 from the continent. Egypt had 14 universities in the ranking in 2022.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Regionally, our universities aren\u2019t quite at the top:<\/strong> We didn\u2019t crack into QS\u2019 ranking of the top 10 <a target=\"_blank\" href=\"https:\/\/www.topuniversities.com\/university-rankings\/arab-region-university-rankings\/2023?&page=0\" style=\"\" rel=\"noopener\">universities in the Arab region<\/a>, with AUC coming in at 11 and Cairo University landing in the 12th spot regionally. Saudi Arabia\u2019s King Abdulaziz University snagged the top spot in the regional ranking, followed by Qatar University, King Fahd University of Petroleum and Minerals, King Saud University, American University in Beirut, United Arab Emirates University, Khalifa University, Sultan Qaboos University, American University of Sharjah, and University of Jordan. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Your top education stories for the week:<\/strong><\/p>\n<ul>\n<li><strong>Wycombe Abbey in the NAC: <\/strong>British private school Wycombe Abbey will establish a branch in the new capital, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/10\/769.pdf\" style=\"\" rel=\"noopener\">a statement (pdf)<\/a> last week from the city\u2019s developer.<\/li>\n<li><strong>CIRA taps Ain Shams president as senior advisor:<\/strong> CIRA Education has <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b548a6cb-9084-48e7-9edf-74846b232884\" style=\"\" rel=\"noopener\">hired<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b548a6cb-9084-48e7-9edf-74846b232884\" style=\"\" rel=\"noopener\">Mahmoud El Meteini<\/a> as group senior advisor.<\/li>\n<li><strong>Venture money for education startups:<\/strong> Saudi accelerator Value Makers Studio (VMS) <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/dfb3d153-e00d-4cef-ac63-81f480497b11\" style=\"\" rel=\"noopener\">has invested in<\/a> local education startups <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/company\/a5drcom\/\" style=\"\" rel=\"noopener\">Akhdar<\/a> and <a target=\"_blank\" href=\"https:\/\/www.obmeg.com\/\" style=\"\" rel=\"noopener\">OBM Education<\/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\/blackboard\/\">Blackboard<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/qs-world-university-rankings\/\">QS World University Rankings<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/times-higher-education-world-university-rankings\/\">Times Higher Education World University Rankings<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column\" style=\"flex-basis:19.8%\"><\/div>\r\n        <\/div>\r\n    <\/div>\r\n<\/div>\n<section id=\"608184\" 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\/2023\/10\/16\/608184\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-608184\" class=\"content-area-description single-story post-608184 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 style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">OCTOBER <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">Late October-14 November: 3Q2023 earnings season.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>15-17 October (Sunday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.autotechegypt.com\/en\/home.html\" style=\"\">Egypt Automotive Aftermarket Exhibition<\/a><\/span><span style=\"font-weight:400;\">, Cairo International Convention Center. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">20 October (Friday): S&P Global Ratings to review Egypt\u2019s sovereign credit rating.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">20 October (Friday): Deadline for applying for Dar Venture\u2019s Dare incubator.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">26 October (Thursday): Daylight saving time ends.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">27 October (Friday): Deadline for bidding in tender for five solar plants on north coast.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">27 October- 2 November (Friday-Thursday): Gouna Film Festival. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>29-31 October (Sunday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.egypt-energy.com\/en\/home.html\" style=\"\">Egypt Energy<\/a><\/span><span style=\"font-weight:400;\">, Egypt International Exhibition Center.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>29 October - 2 November (Sunday- Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.cairowaterweek.eg\/register\/\" style=\"\">Cairo Water Week<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>30-31 October (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/platforms-root-technologies.com\/icec-2023\/.\" style=\"\">Intelligent Cities Exhibition and Conference<\/a><\/span><span style=\"font-weight:400;\">, Dusit Thani LakeView, Cairo. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">30-31 October (Monday-Tuesday): Global Business School Network, American University of Cairo. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">31 October - 1 November (Tuesday-Wednesday): Federal Reserve interest rate meeting. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Signposted to happen some time in October:<\/span><\/p>\n<ul>\n<li><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/fra.gov.eg\/fra_news\/%d8%a7%d9%84%d8%b1%d9%82%d8%a7%d8%a8%d8%a9-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%8a%d8%a9-%d8%aa%d8%b5%d8%af%d8%b1-%d9%82%d8%b1%d8%a7%d8%b1%d8%a7%d9%8b-%d8%a8%d8%b4%d8%a3%d9%86-%d8%a7%d9%84%d8%aa%d8%b2\/\" style=\"\">Deadline<\/a><\/span><span> for ins. providers to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/edition\/am\/e4d8d8da-b406-4776-ab2a-fa796e247eab\" style=\"\">link their databases<\/a><\/span><span style=\"font-weight:400;\"> with the FRA<\/span><\/li>\n<li><span style=\"font-weight:400;\">Egyptian-Jordanian Business Council, Amman, Jordan<\/span><\/li>\n<li><span style=\"font-weight:400;\">Gov\u2019t expects to finalize sale of Gabal El Zeit wind plant<\/span><\/li>\n<li><span>October or November: Gov\u2019t expects to finalize <\/span><span style=\"\">stake sale<\/span><span style=\"font-weight:400;\"> for military-owned fuel retailer Wataniya<\/span><\/li>\n<li><span>Saudi and Egyptian officials will meet to follow up on the project to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/79e8bb5d-d4df-4aef-9d3e-914e95be9d1c\" style=\"\">connect the national power grids of Egypt and Saudi Arabia<\/a><\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">NOVEMBER <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">2 November (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">3 November (Friday): Fitch to review Egypt\u2019s sovereign credit rating.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">8 November (Wednesday): Turkish-Arab Economic Forum 2023, Istanbul.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>9-15 November (Thursday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.intrafricantradefair.com\/en%3Futm_source%3DIATF%252027%252F02&utm_campaign%3D226fc251f7-EMAIL_CAMPAIGN_2023_05_30_12_03&utm_medium%3Demail&utm_term%3D0_-226fc251f7-%255BLIST_EMAIL_ID%255D\" style=\"\">Intra-African Trade Fair<\/a><\/span><span style=\"font-weight:400;\">, Cairo.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">12 November (Sunday): Deadline for technical and financial offers for Misr Aluminium Company rehabilitation project (extended from 12 October)<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>14-15 November (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/destination-africa.org\" style=\"\">Destination Africa<\/a><\/span><span style=\"font-weight:400;\">, Royal Maxim Palace Kempinski Hotel. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">14-15 November (Tuesday-Wednesday): Egypt VC Summit, Conrad Hotel. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">15-24 November (Wednesday-Friday): Cairo International Film Festival, Cairo.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>19-22 November (Sunday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/cairoict.com\/\" style=\"\">Cairo ICT<\/a><\/span><span style=\"font-weight:400;\">, Egypt International Exhibition Center.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">22 November (Wednesday): Deadline to apply to FRA for credit rating license.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>23 November (Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.worldviewevents.com\/signup\" style=\"\">Worldview Education Fair<\/a><\/span><span>, Cairo. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.worldviewevents.com\/signup\" style=\"\">Register here<\/a><\/span><span style=\"font-weight:400;\">)<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">30 November-12 December (Thursday-Tuesday): COP28, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">November: Bidding deadline for 5 gold mine concessions in the Eastern Desert (TBC).<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">DECEMBER <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">December: Kenyan trade conference in Egypt.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">1-3 December (Friday-Sunday): Egyptian expats vote in the presidential election.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4-7 December (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.egyptdefenceexpo.com\/\" style=\"\">Egypt Defence Expo<\/a><\/span><span style=\"font-weight:400;\">, Egypt International Exhibition Center.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>9-15 December (Saturday-Friday) :The Engineering Export Council of Egypt\u2019s<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bit.ly\/3RcDzJg\" style=\"\">trade mission<\/a><\/span><span style=\"font-weight:400;\"> to Saudi Arabia.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>10-11 December (Sunday-Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.eglobexpo.com\/\" style=\"\">eGlobe Expo<\/a><\/span><span style=\"font-weight:400;\">, St. Regis Almasa Hotel, Cairo.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">10-12 December (Sunday-Tuesday): Voting in presidential election takes place in Egypt.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">12-13 December (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>12-14 December (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/foodafrica-expo.com\/\" style=\"\">Food Africa Expo<\/a><\/span><span style=\"font-weight:400;\">, Egypt International Exhibition Center.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">20 December (Wednesday): End of sugar export ban.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">21 December (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen sometime in December:<\/span><\/p>\n<ul>\n<li><span>Gov\u2019t expects to finalize sale of a <\/span><span style=\"\">stake in<\/span><span style=\"font-weight:400;\"> military-owned bottled drinks company Safi<\/span><\/li>\n<li><span>Gov\u2019t expects to finalize sale of Zafarana wind farm<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">EVENTS WITH NO SET DATE <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">2023: The inauguration of the Grand Egyptian Museum.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">2H 2023: Egyptian government expected to sign agreements with a consultant for the EuroAfrica electricity interconnector.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">2H 2023: President Abdel Fattah El Sisi and Turkish President Recep Tayyip Erdogan expected to hold a summit.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>3Q 2023: E-Finance <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bit.ly\/3MhzDCI\" style=\"\">to launch in Saudi Arabia<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">4Q 2023: EGX to launch its new futures exchange.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">4Q 2023: EGX to launch a shariah-compliant index.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">End of 2023: A Developments\u2019 first phase of the Lazoghly development completed.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">2024: Standard Chartered Bank to open a branch in Egypt.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">25 February 2024 (Sunday): Deadline for bidders for oil and gas expansion in the 23 new regions.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">Q1 2024: Opening of the new developed Pyramids Plateau in Giza.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">June 2024: Gov\u2019t expects to finalize sale of Beni Suef combined-cycle power plant.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">1H 2024: Gov\u2019t expects to finalize sale of four water desalination plants.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">2H 2024: Gov\u2019t to launch the Cairo Ring Road BRT buses.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">End of 2024: The launch of the high-speed train line linking Ain Sokhna with Al Alamein City. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>November 2024: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0LLPJRjsu6SZLwtRHuLmCQxoAZB3xaXVXH8aYkMSEH3ae4aW6JCZaPe5h5u9nKmcRl\" style=\"\">Egypt to host<\/a><\/span><span style=\"font-weight:400;\"> the 12th session of the World Urban Forum (WUF12).<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">2Q 2025: Safaga Terminal 2 to start operations.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JANUARY<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">7 January (Sunday): Coptic Christmas.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>25 January (Thursday): Revolution day.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">APRIL<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">6 April (Saturday): Coptic Easter.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">9 April (Tuesday): Eid El Fitr (TBC).<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>25 April (Thursday): National holiday in observance of Sinai Liberation Day (TBC).<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">MAY<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">1 May (Wednesday): National holiday in observance of Labor Day (TBC).<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">6 May (Monday): Sham El Nessim (TBC).<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JUNE<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">15-19 June (Saturday-Wednesday): Eid El Adha (TBC).<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>30 June (Sunday): June 30 Revolution Day (TBC)..<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JULY<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">7 July (Sunday): National holiday in observance of Islamic New Year (TBC).<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>23 July (Tuesday): Revolution Day (TBC).<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">SEPTEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>2-5 September (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.airport-technology.com\/sponsored\/dates-announced-for-egypt-international-airshow-2024\/\" style=\"\">Egypt International Airshow<\/a><\/span><span style=\"font-weight:400;\">, El Alamein International Airport.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>15 September (Sunday): National holiday in observance of Prophet Muhammad\u2019s birthday (TBC).<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">OCTOBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">6 October (Sunday): Armed Forces Day.<\/span><\/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":"<p>Chinese, Turkish investment spree | IFC x Banque Misr SME loan | House passes tax break + cost-of-living payout<\/p>\n","protected":false},"featured_media":608160,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-608159","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"63d02f9c-92da-4dae-879e-12e725bec37e","teaser":"Chinese, Turkish investment spree | IFC x Banque Misr SME loan | House passes tax break + cost-of-living payout","photo_url":"https:\/\/ent.news\/2023\/10\/775.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>Expelling Gazans into Sinai is a 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