{"id":608668,"date":"2023-10-24T00:00:00","date_gmt":"2023-10-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=608668"},"modified":"2025-12-17T01:29:04","modified_gmt":"2025-12-17T01:29:04","slug":"no-ceasefire-in-sight-in-gaza-eu-reportedly-looking-to-close-an-aid-pact-with-egypt-soon","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/no-ceasefire-in-sight-in-gaza-eu-reportedly-looking-to-close-an-aid-pact-with-egypt-soon\/","title":{"rendered":"No ceasefire in sight in Gaza + EU reportedly looking to close an aid pact with Egypt soon"},"content":{"rendered":"<section id=\"608670\" 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=\"608670\">\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\/24\/shoukry-to-call-for-gaza-ceasefire-at-un-security-council-eu-officials-race-to-agree-migration-deal-with-egypt\/\">\r\n                            Shoukry to call for Gaza ceasefire at UN Security Council + EU officials race to seal migration agreement with 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 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status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-diplomacy tag-egypt-eu-relations tag-enterpriseam tag-foreign-ministry tag-israel-palestine-conflict tag-middle-east-politics tag-sameh-shoukry tag-un 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\/.d6fc4aa2-9cce-4cf5-b946-d2a8073be351.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, wonderful people. <\/strong>The US has categorically ruled out a ceasefire in Gaza, where fuel is on track to run out tomorrow and about two-thirds of all residents have now been forced out of their homes. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>As you might expect, the war continues to be the big story at home and abroad<\/strong>, as Gaza braces itself for the eighteenth day of Israel\u2019s brutal air campaign.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>US and Israeli media are setting up expectations of a larger hostage release by Hamas<\/strong>that could impact how Tel Aviv prosecutes its war against Gaza, as we report in this morning\u2019s War Watch, below. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ECONOMIC IMPACT ON EGYPT-<\/strong><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt2\"><\/a> <strong>#1- <\/strong><strong>Fearing a wave of refugees, the EU is said to be scrambling to \u201caccelerate\u201d a <\/strong><strong>package of aid for Egypt:<\/strong> The EU is trying to get a financial agreement with Egypt over the line as fast as possible as it wakes up to the potential for a new refugee crisis on its doorstep. The <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/100bcbe1-8cd8-4864-b726-691feabdff4e\" style=\"\" rel=\"noopener\">Financial Times<\/a> reports that European officials held talks in Cairo over the weekend over a package that would fund job creation and the green transition, rather than pay the country to keep migrants within its borders. \u201cThe issue here is stabilizing the country,\u201d said one of the people involved in the talks. \u201c[Egypt] is doing a good job with migration but is facing economic headwinds. This is about shoring up.\u201d<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>War isn\u2019t great for tourism:<\/strong> The conflict in Gaza could take the wind out of Egypt\u2019s recent tourism boom as travelers shun the region amid the possibility of a wider conflict, the head of Virgin Atlantic Airways told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-10-23\/virgin-atlantic-ceo-says-mideast-war-suppressing-regional-travel?srnd=premium-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> yesterday <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a> #3- EGP WATCH- The EGP is now trading at <\/strong><strong>44-45 per USD in the parallel market<\/strong>, almost 50% above the official rate, <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2023\/10\/23\/1726390\" style=\"\" rel=\"noopener\">Al Borsa<\/a> reports. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Blame the war in Gaza and <\/strong><strong>recent sovereign downgrades<\/strong> from <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6fce3ee3-016d-412b-be92-c47ec2ae0e72\" style=\"\" rel=\"noopener\">Moody\u2019s<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3c9d2065-c5ad-456f-adb1-867053c60a70\" style=\"\" rel=\"noopener\">S&amp;P<\/a>, the newspaper speculates. The official USD-EGP exchange rate has remained pegged at 30.96 since March.<\/p><hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><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=\"wwtt1\"><\/a> <strong>#1- <\/strong><strong>Shoukry to call for ceasefire at UN Security Council:<\/strong> Foreign Minister Sameh Shoukry <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/2snedn9c\" style=\"\" rel=\"noopener\">is in New York<\/a> today to attend an emergency ministerial session of the UN Security Council called by Brazil to continue discussions aimed at de-escalating the conflict. Shoukry will reiterate the need for an immediate ceasefire and acceleration of aid deliveries to the besieged territory.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Don\u2019t expect a ceasefire while the US is still dead against it:<\/strong> White House spokesperson John Kirby yesterday reiterated Washington\u2019s opposition to a ceasefire in <a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/videos\/world\/2023\/10\/23\/exp-ground-incursion-kirby-intv-102304aseg1-cnni-world.cnn\" style=\"\" rel=\"noopener\">an interview<\/a> last night. A proposal for a temporary humanitarian ceasefire was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/57fa7d86-6ffc-489b-bfed-08c91612f644\" style=\"\" rel=\"noopener\">shot down by the US<\/a> at the Security Council last week because it didn\u2019t mention Israel\u2019s right to self defense (yes, really).<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Washington isn\u2019t alone: Its European allies have stopped well short of calling for a <\/strong><strong>ceasefire<\/strong>, and Canada\u2019s foreign minister yesterday called for <a target=\"_blank\" href=\"https:\/\/www.theglobeandmail.com\/politics\/article-melanie-joly-deescalation-israel-hamas-ceasefire\/\" style=\"\" rel=\"noopener\">both Israel and Hamas<\/a> to \u201cact with greater restraint to avoid large-scale deaths and alleviate the humanitarian crisis in Gaza.\u201d<\/p><hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt5\"><\/a> <strong>#2- Day one of \u201cDavos in the Desert\u201d:<\/strong> Business leaders, investors, and policymakers the world over have been heading over to Riyadh for the <a target=\"_blank\" href=\"https:\/\/fii-institute.org\/conference\/fii7\/\" style=\"\" rel=\"noopener\">Future Investment<\/a><a target=\"_blank\" href=\"https:\/\/fii-institute.org\/conference\/fii7\/\" style=\"\" rel=\"noopener\">Initiative<\/a> (FII) \u2014 commonly referred to as \u201cDavos in the Desert\u201d \u2014 set to kick off this morning. The conference\u2019s busy <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/10\/1172.pdf\" style=\"\" rel=\"noopener\">schedule<\/a> is set to wrap on Thursday.<\/p><p><strong>Expect to hear a lot more about China this conference: <\/strong>Days before the conference in Saudi Arabia had even kicked off, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/chinese-attendance-saudi-conference-doubles-riyadh-courts-beijing-2023-10-19\/\" style=\"\" rel=\"noopener\">Reuters<\/a> was already reporting the number of Chinese attendees was doubling this year as Saudi and Chinese relations continued to warm. This is the first FII after Saudi Arabia was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/625a6a24-800b-46c9-b6ea-6a1158ee3640\" style=\"\" rel=\"noopener\">formally invited<\/a> to join Brics in August.<\/p><p><strong>Who to look out for: <\/strong>IMF Managing Director Kristalina Georgieva\u2019s upcoming and World Bank President Ajay Banga are set to make speeches. Big names on Wall Street like JP Morgan CEO Jamie Dimon and Goldman Sachs CEO David Solomon are also reportedly set to take to the stage.<\/p><hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>#3- GERD talks are back:<\/strong> A third round of talks between Egypt, Ethiopia, and Sudan over the filling and operation of the Grand Ethiopian Renaissance Dam (GERD) started in Cairo yesterday, the Irrigation Ministry <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0kg3TqDbQMS8KMhq4FsaE6fri5m1qwF8tTQTWq1JM8z7MJbsEFSR1CDT3TbNXVTsNl\" style=\"\" rel=\"noopener\">said<\/a>. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This is the third round of talks since August: <\/strong>The three sides have met twice over the past two months in a bid to reach an agreement. President Abdel Fattah El Sisi and Ethiopian Prime Minister Abiy Ahmed <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a70fe3ef-254a-41e4-8335-5db25860d457\" style=\"\" rel=\"noopener\">pledged in July<\/a> to finalize an agreement within four months.<\/p><hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PSA- <\/strong><strong>Get ready to turn your clocks back an hour at the end of the week:<\/strong> Daylight savings time will end in Egypt on Thursday 26 October.<\/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>MARKET WATCH-<\/strong><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Th<\/strong><strong>e <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1c9e3a38-8352-486a-a420-3a8673d38ecc\" style=\"\" rel=\"noopener\">sell-off in the US bond market<\/a><\/strong><strong> shows no signs of slowing: <\/strong>Yields on US government debt hit a fresh 16-year high yesterday as investors continued to ditch their bonds after Fed chair Jerome Powell <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-10-19\/powell-says-fed-proceeding-carefully-leaves-door-open-to-hike\" style=\"\" rel=\"noopener\">hinted<\/a> that further rate hikes could be on the table, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/997d451a-76a2-4609-872f-61a489d80b53\" style=\"\" rel=\"noopener\">Financial Times<\/a> wrote. The rate on the 10-year note surpassed 5% for the first time since 2007 before dipping later in the session.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What happens in the US matters in Egypt:<\/strong> Higher yields on US treasuries put pressure on emerging-market assets such as Egyptian debt, which become less attractive to foreign investors. Egypt in particular isn\u2019t being helped by record-breaking inflation, which has pushed its real interest rate deep into the red. Rising yields have also helped send the USD to its highest level in 10 months, increasing Egypt\u2019s import bill and raising debt repayments.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Oil prices dip as Middle East conflict fears ease:<\/strong> Oil prices fell more than 2% yesterday as the weekend\u2019s developments in Gaza eased concerns about a broader conflict. Brent futures slipped 2.5% to end the session at USD 89.83 as traders reacted to the breakthrough in negotiations to deliver aid to Gaza, and Israel\u2019s hesitation over its anticipated ground offensive.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>COP28 WATCH-<\/strong><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>A l<\/strong><strong>oss and damage fund was a landmark achievement for COP27, but it\u2019s a sticking <\/strong><strong>point for COP28: <\/strong>Countries involved in ironing out the finer details of the loss and damage fund left a meeting on Saturday without coming to terms on the fund\u2019s future overseer or which countries would pay in \/ which would receive payouts, reports <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/cop\/countries-deadlocked-loss-damage-fund-un-climate-summit-nears-2023-10-23\/\" 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 key sticking points<\/strong>, according to the newswire:<\/p><ul>\n<li><strong>Who leads:<\/strong> Developing countries want to establish an independent UN-run body to take charge of the fund, while Western countries want the US-led World Bank to oversee proceedings.<\/li>\n<li><strong>Who pays:<\/strong> Which countries should be called upon to contribute to the fund is a key bone of contention, with disagreements about where to draw the line between developing countries.<\/li>\n<li><strong>When it pays out:<\/strong> There\u2019s little agreement about what the money will be used for, including within the developed world. The EU wants the fund to be targeted at the most vulnerable countries but the US is pushing for it to be used for \u201cslow-onset climate impacts such as sea-level rise,\u201d Reuters says.<\/li>\n<\/ul><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The success or failure of COP278 could hinge on this: <\/strong>The group of two dozen countries will now meet at the beginning of November in Abu Dhabi in an attempt to draft a list of recommendations for implementing the fund before COP28 negotiations begin at the end of the month. \u201cThe entire COP28 negotiations could get derailed if developing countries\u2019 priorities on funding for loss and damage are not adequately addressed,\u201d senior adviser at the World Resources Institute Preety Bhandari told Reuters.<\/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 Senate is in recess:<\/strong> Senators will reconvene on 5 November.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/enterprise.press\/am-edition\/#calendar\" style=\"\" rel=\"noopener\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/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\/2021\/03\/INFINITY-Top-banner-EN-1600x675-v2-02.png\"><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>*** It\u2019s Going Green day \u2014 your weekly briefing of all things green in Egypt:<\/strong> Enterprise\u2019s green economy vertical focuses each Tuesday on the business of renewable energy and sustainable practices in Egypt, everything from solar and wind energy through to water, waste management, sustainable building practices and how you can make your business greener, whatever the sector.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In today\u2019s issue: <\/strong>Egypt\u2019s nascent EV sector is classified as a \u201cstarter market,\u201d but there\u2019s good news.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-eu-relations\/\">Egypt-EU relations<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/foreign-ministry\/\">Foreign Ministry<\/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\/sameh-shoukry\/\">Sameh Shoukry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a 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photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-608672\" class=\"content-area-description single-story post-608672 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=\"www.somabaygolf.com\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/ads\/imgs\/68.jpg?ssl=1\"><\/a><\/span><\/p><div class=\"grouped-tags\">\n<p><span>Experience golf by the serene sea, where tranquility meets tee time. Somabay Golf Courses are blessed with a year-round climate, an 18-hole Championship golf course designed by Gary Player. For booking inquiries, call +201223503528 or visit our website <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"http:\/\/www.somabaygolf.com\" style=\"\">www.somabaygolf.com<\/a><\/span><span style=\"font-weight:400;\">.<\/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=\"608673\" 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=\"608673\">\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\/24\/hamas-releases-another-two-hostages-as-israels-war-on-gaza-intensifies\/\">\r\n                            Hamas releases another two hostages as Israel\u2019s war on Gaza intensifies                        <\/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\/24\/hamas-releases-another-two-hostages-as-israels-war-on-gaza-intensifies\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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src=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1192.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"608674\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/24\/hamas-releases-another-two-hostages-as-israels-war-on-gaza-intensifies\/1192-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1192.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1192.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1192.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1192.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-608673\" class=\"content-area-description single-story post-608673 post type-post status-publish format-standard has-post-thumbnail hentry category-war-watch tag-diplomacy tag-egypt-iran-relations tag-egypt-israel-relations tag-egypt-malaysia-relations tag-enterpriseam tag-israel tag-israel-palestine-conflict tag-middle-east-politics tag-palestine tag-sameh-shoukry tag-war-watch 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\/.f07f42e2-6864-4dc9-86b9-3a79e265cdbd.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Could a third hostage release by Hamas help change the direction of Israel\u2019s <\/strong><strong>war against Gaza? <\/strong>That\u2019s the suggestion that runs through Israeli and US media reports overnight after negotiations led by Egypt and Qatar saw Hamas release two hostages yesterday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.i24news.tv\/en\/news\/israel-at-war\/1698079156-sources-to-i24news-details-finalizing-in-the-last-hour-for-the-potential-releasing-of-hostages\" style=\"\" rel=\"noopener\">Israeli media<\/a><\/strong><strong> expects that the Red Cross could \u201cin the hours ahead\u201d receive \u201cabout 50\u201d hostages <\/strong>who hold dual citizenship. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How this plays out could have an outsized impact on the direction of the war: <\/strong>The US has been leaning on Israel\u2019s war cabinet to hold off its anticipated ground offensive into Gaza until negotiations to secure the release of the hostages have run their course.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Stop the bombing, get all of the hostages, says Meshaal:<\/strong> Hamas would consider releasing all 200+ hostages should Israel meet its conditions, which include stopping its bombing campaign, the former head of the armed group, Khaled Meshaal, <a target=\"_blank\" href=\"https:\/\/news.sky.com\/story\/civilian-hostages-will-be-freed-if-israel-reduces-gaza-bombing-senior-hamas-leader-says-12991188\" style=\"\" rel=\"noopener\">told Sky News<\/a> in an interview yesterday. \u201cLet them stop this aggression and you will find the mediators like Qatar and Egypt and some Arab countries and others will find a way to have them released and we'll send them to their homes,\u201d he told the British broadcaster.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The push on the hostages comes after two elderly Israeli women were <\/strong><strong><a target=\"_blank\" href=\"https:\/\/twitter.com\/ICRC\/status\/1716534758396555362\" style=\"\" rel=\"noopener\">handed over<\/a><\/strong><strong> to the <\/strong><strong>Red Cross yesterday. <\/strong>Al Qahera News reported late last night that the two women had arrived at the Rafah border crossing and were receiving medical treatment (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=2uQPOkTWd3w\" style=\"\" rel=\"noopener\">watch, runtime: 11:12<\/a>). \u201cWe thank Egypt for its assistance, and the Red Cross for its important role as lifesavers,\u201d <a target=\"_blank\" href=\"https:\/\/arabic.cnn.com\/middle-east\/article\/2023\/10\/24\/israel-prime-ministers-office-praises-release-of-two-hostages\" style=\"\" rel=\"noopener\">CNN Arabic<\/a> quoted an Israeli government spokesperson as saying. A Hamas spokesperson said the group had decided to release them for \u201ccompelling humanitarian and health reasons.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Hamas has now released four hostages <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9e0e2684-0ccb-4bad-a720-969c7fdf15c2\" style=\"\" rel=\"noopener\">since Saturday<\/a><\/strong><strong>.<\/strong><a target=\"_blank\" href=\"https:\/\/www.timesofisrael.com\/israel-steps-up-strikes-on-hamas-targets-as-222-confirmed-being-held-hostage-in-gaza\/\" style=\"\" rel=\"noopener\">The IDF<\/a> said yesterday (prior to the agreement) that Hamas had 222 captives.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>GAZA WILL RUN OUT OF FUEL TOMORROW-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Gaza\u2019s fuel reserves could run out <\/strong><strong>on Wednesday<\/strong>, <a target=\"_blank\" href=\"https:\/\/news.un.org\/en\/story\/2023\/10\/1142672\" style=\"\" rel=\"noopener\">the UN<\/a> has said, as Israel\u2019s near-total blockade of Gaza threatens to derail the humanitarian relief effort and prevent hospitals and bakeries from functioning.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Is the EU finally getting the message? <\/strong>EU leaders plan this week to call for a \u201chumanitarian pause\u201d to allow aid to be delivered to Gaza, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/eu-call-humanitarian-pause-israel-hamas-war-draft-eu-summit-conclusions-2023-10-23\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported yesterday. EU Commission President Ursula von der Leyen and other senior EU officials have so far been outspoken in their support for Israel\u2019s war on Gaza and some are said to remain reticent about pushing for a temporary truce despite the devastating humanitarian crisis. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>No fuel means no aid distribution and no hospitals:<\/strong> Without fuel supplies, hospitals across the territory will no longer be able to operate and the UN will not be able to distribute aid. \u201cWithout fuel, there will be no water, no functioning hospitals and bakeries. Without fuel, aid will not reach those in desperate need,\u201d the head of the UN\u2019s agency for Palestinian refugees, Philippe Lazzarini, <a target=\"_blank\" href=\"https:\/\/www.unrwa.org\/newsroom\/official-statements\/gaza-strip-fuel-running-out-without-fuel-humanitarian-response-will\" style=\"\" rel=\"noopener\">said<\/a> Sunday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Third aid convoy makes it to Gaza:<\/strong> Another 20 aid trucks carrying food and medical aid made it into Gaza via the Rafah border crossing yesterday, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/third-gaza-bound-aid-convoy-enters-rafah-crossing-egypt-sources-2023-10-23\/\" style=\"\" rel=\"noopener\">Reuters<\/a> quotes a UN spokesperson as saying. This takes the total number of trucks to have crossed the border <strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9e0e2684-0ccb-4bad-a720-969c7fdf15c2\" style=\"\" rel=\"noopener\">since Saturday<\/a><\/strong> to 54.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Far more is needed:<\/strong> The UN has said that 100 trucks of aid are needed every day to stave off the growing humanitarian crisis. <strong>Egypt is working with the UN, the US and Israel on a \u201csustained delivery mechanism,\u201d<\/strong> the US State Department spokesperson <a target=\"_blank\" href=\"https:\/\/www.state.gov\/briefings\/department-press-briefing-october-23-2023\/#post-493794-ispal3\" style=\"\" rel=\"noopener\">said<\/a> yesterday, without going into details. The US\u2019 Middle East humanitarian envoy <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7631e105-3679-4687-b9af-8e25519d2e0c\" style=\"\" rel=\"noopener\">said Sunday<\/a> that he expects a \u201ccontinuous flow\u201d of aid to enter as of this week. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>NO CEASEFIRE, SAYS WHITE HOUSE-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The US is still not willing to consider a ceasefire:<\/strong> \u201cWe don\u2019t believe that this is the time for a ceasefire,\u201d White House spokesperson John Kirby told CNN last night (<a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/videos\/world\/2023\/10\/23\/exp-ground-incursion-kirby-intv-102304aseg1-cnni-world.cnn\" style=\"\" rel=\"noopener\">watch, runtime: 7:53<\/a>). \u201cIsrael has a right to defend themselves \u2026 We\u2019re gonna keep supporting them\u2026 our focus is on making sure that they have what they need to carry on this fight.\u201d The US <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/57fa7d86-6ffc-489b-bfed-08c91612f644\" style=\"\" rel=\"noopener\">shot down<\/a> a UN Security Council resolution last week that called for a temporary humanitarian ceasefire because it didn\u2019t mention Israel\u2019s right to self defense. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>China: There are limits to the right to self defense<\/strong>, Chinese Foreign Minister Wang Yi told his Israeli counterpart yesterday. \u201cAll countries have the right to self-defense, but they should abide by international humanitarian law and protect the safety of civilians,\u201d Wang said, according to a <a target=\"_blank\" href=\"https:\/\/www.fmprc.gov.cn\/wjbzhd\/202310\/t20231024_11166569.shtml\" style=\"\" rel=\"noopener\">Chinese readout<\/a>. \u201cThe top priority is to prevent the situation from escalating further and leading to a more serious humanitarian disaster.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Shoukry, Iran talk regional war, aid:<\/strong> Shoukry and Iranian Foreign Minister Hossein Amir Abdollahian agreed on the need to prevent a wider regional war and accelerate the distribution of aid during a phone conversation on Sunday evening, Egypt\u2019s <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/3p49w6nz\" style=\"\" rel=\"noopener\">Foreign Ministry<\/a> and <a target=\"_blank\" href=\"https:\/\/en.irna.ir\/news\/85267364\/Ultimate-goal-of-Israeli-regime-is-forced-migration-of-Gaza-residents\" style=\"\" rel=\"noopener\">Iran\u2019s state news agency<\/a> said yesterday. Abdollahian also backed Egypt\u2019s position on ethnic cleansing, telling Shoukry that the displacement of Palestinians from Gaza and the West Bank is Israel\u2019s ultimate goal, according to IRNA.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember:<\/strong> Tehran\u2019s regional proxies have threatened to attack Israel and US forces in the region should it escalate the conflict and stage a ground offensive into Gaza.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Malaysia backs Egypt on Gaza issue:<\/strong> Malaysia \u201ccompletely rejects\u201d attempts to displace Palestinians into Egypt, and urges the international community to facilitate the entry of humanitarian aid into Gaza, Malaysian Prime Minister Anwar Ibrahim told President Abdel Fattah El Sisi during talks in Cairo yesterday, <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/y32jr78a\" style=\"\" rel=\"noopener\">Ittihadiya said<\/a> yesterday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>West not doing enough: <\/strong>The two leaders agreed that Western nations have to apply pressure to the Israelis to end its bombing campaign, Ibrahim said at a press conference after the meeting, according to <a target=\"_blank\" href=\"https:\/\/thestar.com.my\/news\/nation\/2023\/10\/23\/m039sia-egypt-want-western-nations-to-pressure-israel-to-cease-gaza-attacks-says-anwar\" style=\"\" rel=\"noopener\">Malaysian me<\/a><a target=\"_blank\" href=\"https:\/\/thestar.com.my\/news\/nation\/2023\/10\/23\/m039sia-egypt-want-western-nations-to-pressure-israel-to-cease-gaza-attacks-says-anwar\" style=\"\" rel=\"noopener\">dia<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MORE DEAD CHILDREN-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Almost two-thirds of Gaza\u2019s population is now homeless:<\/strong>About 1.4 mn Gazans have been displaced by Israel\u2019s devastating bombing campaign, <a target=\"_blank\" href=\"https:\/\/reliefweb.int\/report\/occupied-palestinian-territory\/hostilities-gaza-strip-and-israel-flash-update-16-enarhe\" style=\"\" rel=\"noopener\">the UN<\/a> said Sunday. That\u2019s more than 60% of Gaza\u2019s total population. <a target=\"_blank\" href=\"https:\/\/news.un.org\/en\/story\/2023\/10\/1142687\" style=\"\" rel=\"noopener\">Almost 600k<\/a> of these people are sheltering in 150 UNRWA facilities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Israeli military kills anoth<\/strong><strong>er 436<\/strong><strong> kids, mothers, fathers:<\/strong> As of yesterday afternoon, almost 5.1k Palestinians had been killed by the Israeli military since it began bombing the strip on 7 October and almost 15.3k people had been wounded, according to figures from the <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/csmu7j53\" style=\"\" rel=\"noopener\">Gaza Health Ministry<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The toll is stark:<\/strong><\/p>\n<ul>\n<li><strong>More than 40% of those killed in Gaza were children<\/strong> \u2014 some 2,055 kids and counting.<\/li>\n<li><strong>Israel has now killed 35 UN workers<\/strong> over the past 17 days, with <a target=\"_blank\" href=\"https:\/\/twitter.com\/UNRWA\/status\/1716521653545398323\" style=\"\" rel=\"noopener\">the UN<\/a> reporting yesterday that another six have lost their lives.<\/li>\n<li><strong>At least 23 journalists have been killed<\/strong> so far, the <a target=\"_blank\" href=\"https:\/\/cpj.org\/2023\/10\/journalist-casualties-in-the-israel-gaza-conflict\/\" style=\"\" rel=\"noopener\">Committee to Protect<\/a><a target=\"_blank\" href=\"https:\/\/cpj.org\/2023\/10\/journalist-casualties-in-the-israel-gaza-conflict\/\" style=\"\" rel=\"noopener\">Journalists<\/a> said Sunday.<\/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\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-iran-relations\/\">Egypt-Iran relations<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-israel-relations\/\">Egypt-Israel relations<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-malaysia-relations\/\">Egypt-Malaysia 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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sameh-shoukry\/\">Sameh Shoukry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/war-watch\/\">war watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"608675\" 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=\"608675\">\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\">Tax<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/24\/tax-incentives-and-policy-stability-will-be-hallmarks-of-finmins-upcoming-tax-policy-framework\/\">\r\n                            Tax incentives and policy stability will be hallmarks of FinMin\u2019s upcoming tax policy framework                        <\/a>\r\n                    <\/h3>\r\n\r\n 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     <a href=\"https:\/\/api.whatsapp.com\/send?text=Tax+incentives+and+policy+stability+will+be+hallmarks+of+FinMin%E2%80%99s+upcoming+tax+policy+framework+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2023%2F10%2F24%2Ftax-incentives-and-policy-stability-will-be-hallmarks-of-finmins-upcoming-tax-policy-framework%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\/24\/tax-incentives-and-policy-stability-will-be-hallmarks-of-finmins-upcoming-tax-policy-framework\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1174.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"608676\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/24\/tax-incentives-and-policy-stability-will-be-hallmarks-of-finmins-upcoming-tax-policy-framework\/1174-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1174.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1174.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1174.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1174.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-608675\" class=\"content-area-description single-story post-608675 post type-post status-publish format-standard has-post-thumbnail hentry category-tax tag-enterpriseam tag-fdi tag-finance-ministry tag-tax 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\/.3ab75ace-00a3-4337-bf1f-1492da25fea7.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>SMART POLICY- The Finance Ministry is looking to lure investors with tax <\/strong><strong>incentives \u2014 and to make domestic businesses happy with policy stability<\/strong> \u2014under a new, five-year tax policy framework now in the works. The first draft is complete and it could be finalized and ready for public review as early as next month, a ministry official told Enterprise. The tax reform plan is currently in legal review and will be put to the business community for feedback. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Stability in tax policy and alongside clear incentives are the name of the game:<\/strong> The new policy aims to reassure investors and promote investment, our ministry source told us. Here\u2019s a rundown of what we know about the draft policy so far: <\/p>\n<ul>\n<li><strong>Fix<\/strong><strong>ed, much lower rates ensure sta<\/strong><strong>bility for foreign investors:<\/strong> A fix 5% wage tax rate and 10% tax on commercial profits will be used in special economic zones, replacing the previous 22.5% corporate income tax rate;<\/li>\n<li><strong>T<\/strong><strong>ax deductions for <\/strong><strong>new projects:<\/strong> Some investors will be able to claim tax deductions of 30% to 50% of spending on new projects, with the scale sliding depending on the size of the investment;<\/li>\n<li><strong>Modernization overhaul:<\/strong>The proposed tax policy will keep up to date with developments in modern tax systems and technological advancements in the economy at large, we\u2019re told.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Tax policy changes, including adjusting excise duties and simplifying value-added tax, are on the Madbouly government\u2019s agenda as part of its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/edition\/am\/8ca83006-3ccb-46d0-897d-24594698af82\" style=\"\" rel=\"noopener\">commitments to the IMF<\/a> under its USD 3 bn loan agreement. The state has been working to drum up more investment after 2022 saw <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/158188ff-65a9-4146-adc1-5f53c1a3f6e5\" style=\"\" rel=\"noopener\">almost USD 20 bn<\/a> in outflows as rising interest rates around the world and soaring inflation triggered a global risk-off and sent Egypt\u2019s real interest rate into negative territory.<\/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\/fdi\/\">FDI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/finance-ministry\/\">Finance Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tax\/\">tax<\/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=\"608677\" 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=\"608677\">\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\">Capital markets<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/24\/a-new-egx-trading-system-real-estate-exchange-incoming-for-2024\/\">\r\n                            A new EGX trading system, real estate exchange incoming for 2024                        <\/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\/24\/a-new-egx-trading-system-real-estate-exchange-incoming-for-2024\/\" 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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Plus, we heard more from the Financial Regulatory Authority (FRA) about the voluntary carbon market it aims to launch. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- A new EGX trading system? <\/strong>The EGX is looking to overhaul its trading system by the end of 2024 as part of a wider strategy to upgrade the bourse, Ayman Taha, the media advisor to the EGX\u2019s chairman, told Enterprise. The exchange is currently in talks with three unidentified international companies providers of trading systems in search of the most compatible and cost-effective platform to adopt. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rationale: <\/strong>The current trading system is over 15 years old, El Sheikh has told reporters, making a new system necessary to increase the EGX\u2019s compatibility with regional and international stock exchanges. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- A real estate exchange is launching in 1H 2024: <\/strong>The EGX\u2019s real estate exchange could launch as early as the first half of 2024, Taha told us. The bourse is working on finalizing the legislative and regulatory framework ahead of the launch, El Sheikh told <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/kxt68u8w\" style=\"\" rel=\"noopener\">Asharq Business<\/a>. The EGX is also working to establish a real estate registration unit that is responsible for transferring the ownership of assets and marketing them, El Sheikh said. <\/p>\n<p><strong>FYI- <\/strong>For all things real estate index, you can check out our <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9078083f-7dfb-4199-8d80-4bcd958347d3\" style=\"\" rel=\"noopener\">Hardhat<\/a> on the new initiative. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Short selling <\/strong><strong>to get a shot in the arm<\/strong><strong>? <\/strong>The exchange is also looking to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/82f9d5d0-cc29-44ee-a763-e0b41c365cff\" style=\"\" rel=\"noopener\">boost short selling<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/82f9d5d0-cc29-44ee-a763-e0b41c365cff\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/82f9d5d0-cc29-44ee-a763-e0b41c365cff\" style=\"\" rel=\"noopener\">activity<\/a> over the \u201ccoming period,\u201d El Sheikh has told reporters. The EGX, alongside the Financial Regulatory Authority and Misr for Central Clearing and Depository (MCDR), <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/781f8a28-a5ae-4f4f-b1e2-a24e80ce512a\" style=\"\" rel=\"noopener\">held talks<\/a> last year with experts and foreign investors looking into the best practices to promote short selling in the country. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- Checking in on the upcoming carbon market: <\/strong>FRA boss Mohamed Farid met with some 35 company representatives to discuss the planned voluntary carbon market and how to speed up its launch, according to an FRA <a target=\"_blank\" href=\"https:\/\/bit.ly\/46GLkfo\" style=\"\" rel=\"noopener\">statement<\/a> released yesterday. The EGX was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/facb23b0-ce8f-482b-98b6-c5ded1a74b26\" style=\"\" rel=\"noopener\">initially expected<\/a> to launch the market during the middle of the year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- A new launch date for the sharia-compliant index: <\/strong>The EGX is now looking to launch its sharia-compliant index during 1Q 2024, Al Sheikh told reporters. We were expecting the index to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/27d55c74-746c-4246-98b5-764ccd096384\" style=\"\" rel=\"noopener\">launch over the summer<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ahmed-el-sheikh\/\">Ahmed El Sheikh<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-markets\/\">Financial Markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-regulatory-authority\/\">Financial Regulatory Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/islamic-finance\/\">Islamic finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate\/\">real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"608679 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=\"608679\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/24\/608679\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-608679\" class=\"content-area-description single-story post-608679 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.grantthornton.global\/en\/locations\/Egypt\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/674.png?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=\"608680\" 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=\"608680\">\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\">Investment Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/24\/eipico-wants-usd-70-mn-to-build-third-factory-plus-gypto-pharma-signs-egp-4-bn-worth-of-agreements-with-saudi-firm\/\">\r\n                            EGX-listed EIPICO wants USD 70 mn from local banks to build third biopharma factory. PLUS: GYPTO Pharma signs EGP 4 bn worth of agreements with Saudi firm                        <\/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\/24\/eipico-wants-usd-70-mn-to-build-third-factory-plus-gypto-pharma-signs-egp-4-bn-worth-of-agreements-with-saudi-firm\/\" 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\/24\/eipico-wants-usd-70-mn-to-build-third-factory-plus-gypto-pharma-signs-egp-4-bn-worth-of-agreements-with-saudi-firm\/')\">\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\/24\/eipico-wants-usd-70-mn-to-build-third-factory-plus-gypto-pharma-signs-egp-4-bn-worth-of-agreements-with-saudi-firm\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=EIPICO wants USD 70 mn to build third factory. 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PLUS: GYPTO Pharma signs EGP 4 bn worth of agreements with Saudi firm\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=EIPICO+wants+USD+70+mn+to+build+third+factory.+PLUS%3A+GYPTO+Pharma+signs+EGP+4+bn+worth+of+agreements+with+Saudi+firm+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2023%2F10%2F24%2Feipico-wants-usd-70-mn-to-build-third-factory-plus-gypto-pharma-signs-egp-4-bn-worth-of-agreements-with-saudi-firm%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\/24\/eipico-wants-usd-70-mn-to-build-third-factory-plus-gypto-pharma-signs-egp-4-bn-worth-of-agreements-with-saudi-firm\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1167.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"608681\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/24\/eipico-wants-usd-70-mn-to-build-third-factory-plus-gypto-pharma-signs-egp-4-bn-worth-of-agreements-with-saudi-firm\/1167-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1167.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1167.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1167.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1167.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-608680\" class=\"content-area-description single-story post-608680 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-banque-du-caire tag-eipico tag-enterpriseam tag-gypto tag-investment-watch tag-pharma tag-pif tag-qnb-alahli tag-rowad-modern-engineering tag-saudi-arabia 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\/.bddd1e15-d6a8-41c6-b93a-613936db1c85.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>EIPICO seeks local funding for third pharma factory:<\/strong> EGX-listed Egyptian International Pharma Industries Company (EIPICO) is looking to borrow USD 70 mn in funding from Qatar National Bank (QNB) and Banque du Caire to fund the construction of its third factory, chairman and managing director Ahmed Kelani told <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/3bjv6fay\" style=\"\" rel=\"noopener\">Asharq<\/a><a target=\"_blank\" href=\"https:\/\/tinyurl.com\/3bjv6fay\" style=\"\" rel=\"noopener\">Business<\/a>. The local drugmaker plans to begin production at the new factory by the end of 2024.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Funding breakdown: <\/strong>The plant will cost c. USD 100 mn to build, Kelani said. QNB will provide a loan of USD 60 mn, while Banque du Caire will provide USD 10 mn. Kelani did not disclose where the remaining USD 30 mn will come from.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Rowad will handle the construction: <\/strong>EIPICO awarded Elsewedy Electric subsidiary Rowad Modern Engineering an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/aa60a3e8-235d-4b6d-b835-be5d22709a6f\" style=\"\" rel=\"noopener\">EGP 418 mn contract<\/a> to construct the three factories in September 2022.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO IN PHARMA-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>GYPTO Pharma is heading to Saudi Arabia: <\/strong>State-owned medical city complex GYPTO Pharma signed EGP 4 bn worth of agreements with Saudi Arabia\u2019s Med City Pharma to develop drug manufacturing tech in the kingdom, reports <a target=\"_blank\" href=\"https:\/\/english.ahram.org.eg\/NewsContent\/3\/14\/510806\/Business\/Markets--Companies\/Egypt;s-GYPTO-Pharma-inks-EGP--bln-agreement-to-pr.aspx\" style=\"\" rel=\"noopener\">Ahram Online<\/a>, citing a statement from GYPTO Chairman Amr Mamdouh. A group of unnamed local pharma firms were also party to the agreement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egyptian meds<\/strong><strong> in Saudi: <\/strong>The agreement will also see GYPTO registering and producing some of its branded meds in Saudi Arabia, Mamdouh added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Refresher: <\/strong>At 180k sqm GYPTO Pharma is considered the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c6a40af8-9253-443a-80c9-a858595412d7\" style=\"\" rel=\"noopener\">largest pharma production hub<\/a> in the Middle East, and is hoped to transform Egypt into a regional center for safe and affordable meds. <\/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-du-caire\/\">Banque du Caire<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/eipico\/\">Eipico<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gypto\/\">GYPTO<\/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\/pharma\/\">pharma<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pif\/\">PIF<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/qnb-alahli\/\">QNB Alahli<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/rowad-modern-engineering\/\">rowad modern engineering<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"608682\" 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=\"608682\">\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\">Moves<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/24\/bp-egypt-has-a-new-vp\/\">\r\n                            BP Egypt has a new VP                        <\/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\/24\/bp-egypt-has-a-new-vp\/\" 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\/24\/bp-egypt-has-a-new-vp\/')\">\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\/24\/bp-egypt-has-a-new-vp\/\">\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=BP Egypt has a new VP&url=https:\/\/enterpriseam.com\/egypt\/2023\/10\/24\/bp-egypt-has-a-new-vp\/\">\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\/24\/bp-egypt-has-a-new-vp\/&title=BP Egypt has a new VP\">\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=BP+Egypt+has+a+new+VP+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2023%2F10%2F24%2Fbp-egypt-has-a-new-vp%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\/24\/bp-egypt-has-a-new-vp\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1149.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"608683\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/24\/bp-egypt-has-a-new-vp\/1149-jpg-16\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1149.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1149.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1149.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1149.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-608682\" class=\"content-area-description single-story post-608682 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-bp tag-energy tag-enterpriseam tag-moves tag-oil-and-gas tag-wail-shaheen 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\/.7894eb3d-f3ce-4f3c-be33-e9f6762a47d5.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BP Egypt welcomes a new VP:<\/strong> Global energy giant BP has appointed Wail Shaheen(<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/wail-shaheen-486a3b44\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) as vice president for BP Egypt effective 1 November, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/10\/1147.pdf\" style=\"\" rel=\"noopener\">a statement (pdf)<\/a>. Shaheen has over 30 years of industry experience working in Canada, Indonesia, Italy, Oman, Trinidad and Tobago, USA, and Egypt. He has been with BP for 27 years in commercial, technical, and leadership roles, the latest of which was VP of subsurface operations in Trinidad and Tobago, where he led the <a target=\"_blank\" href=\"https:\/\/energynow.tt\/blog\/subsea-7-awarded-contract-for-bp-cypre-project\" style=\"\" rel=\"noopener\">Cypre Gas project<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/bp\/\">BP<\/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\/moves\/\">moves<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/oil-and-gas\/\">oil and gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/wail-shaheen\/\">Wail Shaheen<\/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=\"608684 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=\"608684\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/24\/608684\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-608684\" class=\"content-area-description single-story post-608684 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=\"608685\" 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=\"608685\">\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\/24\/last-nights-talk-shows-on-the-conflict-in-gaza-4\/\">\r\n                            The conflict in Gaza continued to dominate last night\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\/24\/last-nights-talk-shows-on-the-conflict-in-gaza-4\/\" 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 deliveries of aid received coverage on every channel, including on Masaa DMC (<a target=\"_blank\" href=\"https:\/\/www.facebook.com\/watch\/?v=289805627260882\" style=\"\" rel=\"noopener\">watch, runtime: 5:07<\/a>), Al Hayah Al Youm (<a target=\"_blank\" href=\"https:\/\/www.facebook.com\/watch\/?v=625082503164148\" style=\"\" rel=\"noopener\">watch, runtime: 7:30<\/a>), El Hekaya (<a target=\"_blank\" href=\"https:\/\/www.facebook.com\/watch\/?v=873447103902194\" style=\"\" rel=\"noopener\">watch, runtime: 3:22<\/a>) and Ala Masouleety (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=EN5sjpsA5XQ&ab_channel=SadaElbalad-%D8%B5%D8%AF%D9%89%D8%A7%D9%84%D8%A8%D9%84%D8%AF\" style=\"\" rel=\"noopener\">watch, runtime: 15:30<\/a>).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cW<\/strong><strong>hat is happening in Gaza <\/strong><strong>[is like] Hiroshima and Nagasaki, but filmed in slow motion,\u201d<\/strong> Amr Adib said on El Hekaya, describing the intensification of bombardment on Gaza on Sunday night that killed at least 600 people (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=idQHcki0S_o&ab_channel=%D8%A7%D9%84%D8%AD%D9%83%D8%A7%D9%8A%D8%A9\" style=\"\" rel=\"noopener\">watch, runtime: 3:45<\/a>). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Eg<\/strong><strong>ypt mediates hostage releas<\/strong><strong>e: <\/strong>The talk shows highlighted the release of two hostages by Hamas following mediation efforts by Egypt, including on Ala Masouleety (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=GW2c9kJSHEk&ab_channel=SadaElbalad-%D8%B5%D8%AF%D9%89%D8%A7%D9%84%D8%A8%D9%84%D8%AF\" style=\"\" rel=\"noopener\">watch, runtime: 1:43<\/a>), Kelma Akhira (<a target=\"_blank\" href=\"https:\/\/www.facebook.com\/watch\/?v=984147472671235\" style=\"\" rel=\"noopener\">watch, runtime: 00:57<\/a>), Al Hayah Al Youm (<a target=\"_blank\" href=\"https:\/\/www.facebook.com\/watch\/?v=160958300427927\" style=\"\" rel=\"noopener\">watch, runtime: 7:04<\/a>), and Masaa DMC (<a target=\"_blank\" href=\"https:\/\/www.facebook.com\/watch\/?v=727563762723245\" style=\"\" rel=\"noopener\">watch, runtime: 4:55<\/a>). Hamas spokesperson Taher El Nono told El Hekaya that the release of further hostages will depend how talks unfold (<a target=\"_blank\" href=\"https:\/\/www.facebook.com\/watch\/?v=664989832485429\" style=\"\" rel=\"noopener\">watch, runtime: 1:56<\/a>).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>El <\/strong><strong>Sisi receives US Senate delegation:<\/strong> President Abdel Fattah El Sisi <a target=\"_blank\" href=\"https:\/\/bit.ly\/3MezeC9\" style=\"\" rel=\"noopener\">met with a delegation<\/a> from the US Senate led by Senator Lindsey Graham yesterday to discuss the situation in Israel and Palestine. The meeting got extensive coverage on the airwaves, including from Al Hayah Al Youm (<a target=\"_blank\" href=\"https:\/\/www.facebook.com\/watch\/?v=350993897328532\" style=\"\" rel=\"noopener\">watch, runtime: 4:26<\/a>), Masaa DMC (<a target=\"_blank\" href=\"https:\/\/www.facebook.com\/watch\/?v=1550479509105684\" style=\"\" rel=\"noopener\">watch, runtime: 4:00<\/a>), and Ala Masouleety (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=07Vzp9_3KNU&ab_channel=SadaElbalad-%D8%B5%D8%AF%D9%89%D8%A7%D9%84%D8%A8%D9%84%D8%AF\" style=\"\" rel=\"noopener\">watch, runtime: 3:00<\/a>).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also on talk shows last night:<\/strong><\/p>\n<ul>\n<li><strong>How is the war in Gaza affecting the economic crisis in Egypt? <\/strong>El Hekaya\u2019s AmrAdib called on officials to stand before the House to clarify where we stand with our debt obligations, initiatives to reduce the price of food commodities, the status of our FX reserves, and the rise of the parallel market for greenbacks (watch, runtime: <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/watch\/?v=2069795880036799\" style=\"\" rel=\"noopener\">3:02<\/a> | <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/watch\/?v=850433149906923\" style=\"\" rel=\"noopener\">1:22<\/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\/gaza\/\">Gaza<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gold\/\">gold<\/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\/last-nights-talk-shows\/\">LAST NIGHT\u2019S TALK SHOWS<\/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=\"608687\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    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class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-left\" class=\"svg-inline--fa fa-chevron-left\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M34.52 239.03L228.87 44.69c9.37-9.37 24.57-9.37 33.94 0l22.67 22.67c9.36 9.36 9.37 24.52.04 33.9L131.49 256l154.02 154.75c9.34 9.38 9.32 24.54-.04 33.9l-22.67 22.67c-9.37 9.37-24.57 9.37-33.94 0L34.52 272.97c-9.37-9.37-9.37-24.57 0-33.94z\"><\/path><\/svg><\/button><button class=\"stk-block-carousel__button stk-block-carousel__button__next\" aria-label=\"Next slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-right\" class=\"svg-inline--fa fa-chevron-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M285.476 272.971L91.132 467.314c-9.373 9.373-24.569 9.373-33.941 0l-22.667-22.667c-9.357-9.357-9.375-24.522-.04-33.901L188.505 256 34.484 101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg><\/button><\/div><\/div><div class=\"stk-block-carousel__dots\" role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"608688\" 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=\"608688\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/24\/i-didnt-do-it-says-menendez-for-the-second-time-this-month\/\">\r\n                            US Senator Bob Menendez pleads not guilty to Egyptian foreign agent charges                        <\/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\/24\/i-didnt-do-it-says-menendez-for-the-second-time-this-month\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img 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href=\"https:\/\/x.com\/intent\/post?text=\u201cI didn\u2019t do it,\u201d says Menendez for the second time this month&url=https:\/\/enterpriseam.com\/egypt\/2023\/10\/24\/i-didnt-do-it-says-menendez-for-the-second-time-this-month\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2023\/10\/24\/i-didnt-do-it-says-menendez-for-the-second-time-this-month\/&title=\u201cI didn\u2019t do it,\u201d says Menendez for the second time this month\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li 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class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"608689\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/24\/i-didnt-do-it-says-menendez-for-the-second-time-this-month\/1177-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1177.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1177.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1177.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1177.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-608688\" class=\"content-area-description single-story post-608688 post type-post status-publish format-standard has-post-thumbnail hentry category-egypt-in-the-news tag-diplomacy tag-egypt-us-relations tag-enterpriseam tag-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\/.df2b2668-225a-413d-8d43-6aa9a76d469b.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dominating the non-Gaza news on Egypt in the foreign press this morn<\/strong><strong>ing: <\/strong><strong>Menendez says he didn\u2019t do it<\/strong>. US Senator Bob Menendez yesterday pleaded not guilty to federal charges alleging that he illegally acted as an agent of the Egyptian government while serving as chairman of the Senate Foreign Relations Committee. The embattled New Jersey senator has been hit with two federal indictments that involve his relationship with Egypt (among other charges). The story is getting plenty of ink, but has been pushed off the front pages by the war in Gaza: <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/bob-menendez-indictment-arraignment-afcf83d5dd20250b85d12fd8819c9fc3\" style=\"\" rel=\"noopener\">Associated Press<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/legal\/us-senator-menendez-be-arraigned-foreign-agent-charge-2023-10-23\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/newsletters\/2023-10-23\/putin-and-zelenskiy-face-a-decisive-winter-war-in-ukraine\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2023\/10\/23\/politics\/menendez-superseding-indictment-plea\/index.html\" style=\"\" rel=\"noopener\">CNN<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2023\/10\/23\/nyregion\/menendez-arraignment-egypt-plot.html\" style=\"\" rel=\"noopener\">New York Times<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/politics\/\">politics<\/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=\"608690\" 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=\"608690\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/24\/network-of-food-logistic-hubs-planned-for-2024-plus-honeywell-x-egypt-aviation-fuel\/\">\r\n                            Network of food logistic hubs across Egypt planned for 2024. PLUS: Honeywell x Egypt aviation fuel                        <\/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\/24\/network-of-food-logistic-hubs-planned-for-2024-plus-honeywell-x-egypt-aviation-fuel\/\" 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\/24\/network-of-food-logistic-hubs-planned-for-2024-plus-honeywell-x-egypt-aviation-fuel\/')\">\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\/24\/network-of-food-logistic-hubs-planned-for-2024-plus-honeywell-x-egypt-aviation-fuel\/\">\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=Network of food logistic hubs planned for 2024. PLUS: Honeywell x Egypt aviation fuel&url=https:\/\/enterpriseam.com\/egypt\/2023\/10\/24\/network-of-food-logistic-hubs-planned-for-2024-plus-honeywell-x-egypt-aviation-fuel\/\">\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\/24\/network-of-food-logistic-hubs-planned-for-2024-plus-honeywell-x-egypt-aviation-fuel\/&title=Network of food logistic hubs planned for 2024. PLUS: Honeywell x Egypt aviation fuel\">\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=Network+of+food+logistic+hubs+planned+for+2024.+PLUS%3A+Honeywell+x+Egypt+aviation+fuel+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2023%2F10%2F24%2Fnetwork-of-food-logistic-hubs-planned-for-2024-plus-honeywell-x-egypt-aviation-fuel%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\/24\/network-of-food-logistic-hubs-planned-for-2024-plus-honeywell-x-egypt-aviation-fuel\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1180.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"608691\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/24\/network-of-food-logistic-hubs-planned-for-2024-plus-honeywell-x-egypt-aviation-fuel\/1180-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1180.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1180.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1180.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1180.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-608690\" class=\"content-area-description single-story post-608690 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-aviation tag-commodities tag-energy tag-enterpriseam tag-food tag-food-security tag-honeywell tag-ibrahim-ashmawy tag-renewables tag-supply-ministry 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\/.c1f95fb2-21a3-416a-9991-7b4eaf4ae821.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>COMMODITIES-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt to launch network of \u201cgreen food centers\u201d: <\/strong>The Madbouly government will establish 17 logistics hubs for the wholesale of fruit and vegetables \u2014 which the government has dubbed \u201c <a target=\"_blank\" href=\"https:\/\/sis.gov.eg\/Story\/188469\/Supply-ministry-EGP-3-bln-investments-to-establish-Green-Food-Centers-in-Ismailia?lang=en-us\" style=\"\" rel=\"noopener\">green food centers<\/a> \u201d \u2014 in concert with the private sector. The centers will provide refrigeration, packing, and sorting facilities and be aimed at both export and the local market, the Supply Ministry said in <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/3stbxmt4\" style=\"\" rel=\"noopener\">a s<\/a><a target=\"_blank\" href=\"https:\/\/tinyurl.com\/3stbxmt4\" style=\"\" rel=\"noopener\">tatem<\/a><a target=\"_blank\" href=\"https:\/\/tinyurl.com\/3stbxmt4\" style=\"\" rel=\"noopener\">ent<\/a> yesterday. Private-sector firms will be involved in the design, building, and opertations of the new hubs, according to the statement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s so green about them? <\/strong>The centers developed in partnership with the French Development Agency will minimize food waste by implementing a more contained and sustainable supply chain. The centers will also recycle food waste using renewable energy.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The first center will be built in Ismailia<\/strong>, and require investments estimated at around EGP 3-4 bn, according to what the Supply Ministry and its vice minister, Ibrahim Ashmawy, said yesterday <a target=\"_blank\" href=\"https:\/\/twitter.com\/AsharqbEGY\/status\/1716460086560780598?s=20\" style=\"\" rel=\"noopener\">(watch, runtime: 5:52<\/a>). The first phases of the project will kick off in 2024 and is expected to be completed within two years, Ashmawy added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ENERGY-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Honeywell could produce <\/strong><strong>sustainable aviation fuel <\/strong><strong>in Egypt:<\/strong> US conglomerate Honeywell is considering building a sustainable aviation fuel production facility in Alexandria under a public-private partnership (PPP) with state-run Egyptian Petrochemicals Holding Company and local private companies, according to an Oil Ministry <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/5cxcv8c4\" style=\"\" rel=\"noopener\">statement<\/a> on Friday. The ministry expects the facility to produce 120k tonnes of the fuel per year using edible oils as a feedstock. Feasibility studies are being carried out for the proposed facility.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>FYI-<\/strong> If you don\u2019t know your blue hydrogen from your green hydrogen or your biodiesel from your sustainable aviation fuel, you can check out our explainer on <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4211a856-e49d-4000-a143-0279ead2865e\" style=\"\" rel=\"noopener\">green fuels<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/aviation\/\">aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/commodities\/\">commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/food\/\">food<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/food-security\/\">food security<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/honeywell\/\">Honeywell<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ibrahim-ashmawy\/\">Ibrahim Ashmawy<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/supply-ministry\/\">Supply Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"608692\" class=\"issue-section markets\">\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=\"608692\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/24\/capital-is-leaving-china-at-the-fastest-pace-since-2016\/\">\r\n                            Capital is leaving China at the fastest pace since 2016                        <\/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 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                <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1182.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"608693\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/24\/capital-is-leaving-china-at-the-fastest-pace-since-2016\/1182-jpg-11\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1182.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1182.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1182.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1182.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-608692\" class=\"content-area-description single-story post-608692 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-arm tag-chevron tag-china tag-enterpriseam tag-nupco tag-nvidia tag-planet-finance tag-public-investment-fund tag-saudi-arabia tag-semiconductors 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\/.cbfe956a-6982-45a3-9477-c83e0b3f8835.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Investors are ditching the Chinese market: <\/strong>China has suffered aboutUSD 75 bn in net outflows in September as the country continues to struggle through an escalating crisis in its property sector, according to <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-10-23\/chinese-yuan-pressured-by-biggest-capital-exodus-since-2016\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. This is the biggest monthly outflow since 2016 and an 80% jump from August. Onshore banks sold a net USD 19.4 bn of FX during the month, a high not seen since November 2018. All of this is putting pressure on the CNY, which is inching closer to its 2023 low at the beginning of September. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- Another huge acquisition in the fossil fuel <\/strong><strong>industry. <\/strong>US energy giant Chevron will acquire rival Hess Corporation in a USD 53 bn all-stock transaction, <a target=\"_blank\" href=\"https:\/\/www.chevron.com\/newsroom\/2023\/q4\/chevron-announces-agreement-to-acquire-hess\" style=\"\" rel=\"noopener\">it announced<\/a> yesterday. The transaction is one of the largest global acquisitions this year, and is expected to wrap up in 1H 2024. (<a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/chevron-hess-exxon-oil-merger-acquisition-37ff382d6fa713b7a1e887c7be5f1e93\" style=\"\" rel=\"noopener\">Associated Press<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/chevron-buy-hess-corp-53-bln-stock-2023-10-23\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-10-23\/hess-family-stake-valued-at-5-billion-with-chevron-takeover?srnd=premium\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/f25f315f-2551-4517-a7a2-2d9418001756\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/business\/energy-oil\/chevron-to-buy-hess-for-53-billion-f1373362?mod=hp_lead_pos1\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a>)<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Consolidation in the oil and gas industry is a thing right now: <\/strong>Exxon Mobil is looking to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/05d3ae64-de32-4e1c-96d0-f185c0e7cba0\" style=\"\" rel=\"noopener\">acquire US shale producer Pioneer Natural Resources<\/a> for nearly USD 59.5 bn.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO WORTH NOTING-<\/strong><\/p><ul>\n<li><strong>PIF-backed Nupco IPO in the cards? <\/strong>Saudi wealth fund PIF is looking to IPO the country\u2019s largest medical procurement firm <a target=\"_blank\" href=\"https:\/\/www.nupco.com\/\" style=\"\" rel=\"noopener\">Nupco<\/a> as early as next year. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-10-23\/pif-backed-medical-procurement-firm-nupco-said-to-plan-saudi-ipo\" style=\"\" rel=\"noopener\">Bloomberg<\/a>)<\/li>\n<li><strong>Nvidia sets its sights on the PC chips industry: <\/strong>Chipmaker Nvidia is designing central processing units to run Microsoft\u2019s Windows operating system via tech from Arm, in a challenge to Intel's dominance in the personal computer chip market. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/technology\/nvidia-make-arm-based-pc-chips-major-new-challenge-intel-2023-10-23\/\" style=\"\" rel=\"noopener\">Reuters<\/a>)<\/li>\n<\/ul><p><a target=\"_blank\" id=\"t.a84beca29d339077519a161d25198d1646ca9b52\" 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\">22,572<\/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\">+2.0% (YTD: +54.6%)<\/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\">10,293<\/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\">-1.9% (YTD: -1.8%)<\/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\">9,276<\/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\">-0.3% (YTD: -9.2%)<\/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>DFM<\/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\">3,730<\/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: +11.8%)<\/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\">4,217<\/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\">-0.2% (YTD: +9.8%)<\/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\">7,375<\/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: -1.0%)<\/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>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\">4,042<\/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: +6.5%)<\/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>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 90.50<\/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\">-1.8%<\/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>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 2.93<\/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\">+0.9%<\/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>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 1,987.80<\/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\">-0.3%<\/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 31,582<\/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\">+5.8% (YTD: +91.4%)<\/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 2.0% at yesterday\u2019s close<\/strong> on turnover of EGP 4.63 bn (107.2% above the 90-day average). International investors were net buyers. The index is up 54.6% 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 (+20.0%), Alexandria Mineral Oils Company (+8.3%) and Abu Qir Fertilizers (+7.7%).<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Oriental Weavers (-2.0%), Eastern Company (-1.8%) and CIB (-1.6%).<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian markets are in the red again this morning<\/strong> as the global equity sell-off continues on the back of concerns about the conflict in Gaza and rising interest rates. European markets look set to follow them later this morning while US futures currently have shares on Wall Street rising at the opening bell.<\/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\/arm\/\">Arm<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/chevron\/\">Chevron<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/nupco\/\">Nupco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/nvidia\/\">Nvidia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/planet-finance\/\">Planet Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/public-investment-fund\/\">Public Investment Fund<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/semiconductors\/\">semiconductors<\/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=\"608694\" 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=\"608694\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">Going Green<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/24\/egypts-nascent-ev-sector-classified-as-starter-market-but-theres-good-news\/\">\r\n                            Egypt\u2019s nascent EV sector classified as \u201cstarter market,\u201d but there\u2019s good news                        <\/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\/24\/egypts-nascent-ev-sector-classified-as-starter-market-but-theres-good-news\/\" 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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Little on how favorable an electric vehicle (EV) transition is in 35 countries. Egypt scored 32 points out of 100 in the index \u2014 called the Global Electric Mobility Readiness Index (GEMRIX) \u2014 placing it in 28th place amongst the 35 markets included in the study. The countries selected are located across all continents and have varied standings with regards to demographics, economics, motorization, and energy generation. Out of the 12 MENA region countries in the index, Egypt came in 10th place. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What are the variables in question?<\/strong> GEMRIX evaluates five major categories that can determine market readiness for EV adoption: <\/p>\n<ul>\n<li>Macro factors can substantially impact EV readiness including higher GDP per capita, more disposable income for emerging technologies, renewable energy production, and smart grids.<\/li>\n<li>The state of the EV market and competitive landscape, evaluated through EV product offering, market share and 5-year sales forecast. <\/li>\n<li>Customer preparedness for EV adoption, which is usually influenced by price and charging accessibility. <\/li>\n<li>Public charging infrastructure, determined by forecasts of network deployment and its level of availability and dependability. <\/li>\n<li>Effective government incentives are in place to compensate for EVs economic disadvantages. Based on how countries perform on those categories \u2014 which are weighted based on their importance for EV adoption \u2014 they are classified under four clusters: global benchmark, ambitious followers, emerging EV markets, and starter market, which Egypt falls under.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why a starter market? <\/strong>Starter electric mobility markets are characterized byhaving high consumer interest and readiness, that is not yet matched by execution and implementation at scale due to major challenges in terms of costs and infrastructure readiness, the report explains. According to how Egypt scored across the five categories outlined above, the contributing factors responsible for \u201claggard EV adoption\u201d are its low GDP per capita \u2014 one of the lowest in the region \u2014 the absence of an adequate charging infrastructure, and the country\u2019s current FX crunch.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Our regulation is on track:<\/strong> Egypt scored the highest in the government regulation category due its plans to ban traditional petrol and diesel cars by 2040, the report notes. The plan comes as part of its Egypt Vision 2030, which aims to reduce 10% of greenhouse emissions from the energy sector, including oil and gas, by 2030. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And accelerated manufacturing and assembly are helping: <\/strong>In July, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f3876fc9-5cd4-424a-b98d-659dd3d67aed\" style=\"\" rel=\"noopener\">Egypt\u2019s parliament approved<\/a> the establishment of the Supreme Council for Vehicle Manufacturing, a new regulatory body tasked with setting policy for the local automotive industry \u2014 including EV assembly \u2014 and the launching of a new fund offering incentives to companies responsible for assembling environmentally-friendly cars.The council <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b4b270e4-cded-4e3d-94b5-a3f8057f9486\" style=\"\" rel=\"noopener\">approved in June<\/a> two initiatives proposed by local startups <a target=\"_blank\" href=\"https:\/\/www.shift-ev.com\/\" style=\"\" rel=\"noopener\">ShiftEV<\/a> and <a target=\"_blank\" href=\"https:\/\/blu-ev.com\/\" style=\"\" rel=\"noopener\">BluEV<\/a> aimed at the adoption of electric vehicles in Egypt. Earlier in 2020,Egypt\u2019s government <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b884ec35-1a73-4df1-83e5-10ee39326fcd\" style=\"\" rel=\"noopener\">expanded the list of importers eligible for customs discounts<\/a> of up to 90% provided local content accounted for a minimum of 30% of the finished product, to include companies involved in the manufacture and assembly of EVs. At the same time, they decided to lower the threshold to 10%, and in a move designed to encourage local assembly of EVs. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We have plans for public charging infrastructure: <\/strong>The Electricity Ministry got things off to a promising start in February, setting the <a target=\"_blank\" href=\"https:\/\/enterprise.press\/greeneconomys\/govt-issues-tariffs-ev-charging\/\" style=\"\" rel=\"noopener\">tariffs motorists will pay<\/a> to charge their EVs in Egypt. Soon after, the government <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/21e784be-7349-4e27-83df-6ad1cf203b93\" style=\"\" rel=\"noopener\">launched a bid<\/a> for private sector firms to join a soon-to-be-established state-owned EV charging firm, with 14 companies including Hassan Allam Utilities, Infinity, and Huawei reportedly registering their interest.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And the private sector is jumping on the bandwagon: <\/strong>Our friends at Infinity have built <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4376c407-e64d-4210-82ce-321f31931c68\" style=\"\" rel=\"noopener\">at least 115 charging stations<\/a> so far nationwide, part of a plan with the government to set up <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e2dd65fe-9507-4ee7-90cc-f2e4a53a5da5\" style=\"\" rel=\"noopener\">6k vehicle charging points at 3k stations<\/a> across the country. Private players from <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/dbf3ade3-520a-479d-b4fa-6512b2910b9d\" style=\"\" rel=\"noopener\">KarmSolar<\/a> to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5be0efda-2d58-4c27-ba6b-294206b1906b\" style=\"\" rel=\"noopener\">Elsewedy Electric<\/a> took steps to enter the local EV charging sector.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EV manufacturing companies are responding to the incentives: <\/strong>Al Mansour Automotive recently announced it is looking to set up a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f46bde1c-c224-4074-b40a-c29e1224ea8a\" style=\"\" rel=\"noopener\">USD 35 mn car assembly<\/a> and spare parts plant that is likely to include EVs. Emirates\u2019 M Glory Holding <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a85820d0-ad29-4f50-8d28-0b0c1e3c7a85\" style=\"\" rel=\"noopener\">earmarked USD 550 mn<\/a> in February to establish three EV factories with production and assembly lines in the UAE, Egypt, and Jordan. State-owned El Nasr Automotive <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/42e6d66f-39e5-4790-bbe1-a6044c889e85\" style=\"\" rel=\"noopener\">has been looking<\/a> for an international partner to form a joint venture for locally-made electric vehicles for the past couple of years. After talks with Chinese firm Dongfeng <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6f0f9e19-5e30-400f-8dba-6213afd8fb58\" style=\"\" rel=\"noopener\">fell through in 2021<\/a>, the government began <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2fc6d644-f126-40b3-81e9-417b7c0213ad\" style=\"\" rel=\"noopener\">discussing a partnership<\/a> with Ashok Leyland, a subsidiary of Indian conglomerate Hinduja Group. In February Chinese auto firm Dongfeng\u2019s E70 500 Pro EVs <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/91e40dce-2fd8-44ee-9a94-d83853d42252\" style=\"\" rel=\"noopener\">began selling<\/a> in the Egyptian market. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How our neighbors are faring: <\/strong>The majority of the MENA region countries were classified as having emerging EV markets, with the UAE coming in 7th on the overall index and 1st regionally \u2014 bordering the stage of becoming an ambitious follower. Qatar came in 9th place, followed by Jordan in 13th, Kuwait in 14th, Bahrain in 18th, Oman in 19th, Algeria in 20th, Morocco in 22nd, and Saudi Arabia in 23rd place. Lebanon and Iraq are the only MENA countries that ranked lower than Egypt. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Trade agreements could also give EVs a needed push: <\/strong>African countries might have a better shot at becoming global leaders in EV manufacturing if they consolidate their efforts and position themselves as one regional market, rather than individual countries, industry experts suggested <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/42e6d66f-39e5-4790-bbe1-a6044c889e85\" style=\"\" rel=\"noopener\">earlier this year<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Enterprise readers signaled that they\u2019re ready to get on board.<\/strong> Some 90% of those who responded to our <a target=\"_blank\" href=\"https:\/\/enterprise.press\/greeneconomys\/interest-in-electric-vehicles-is-slowly-but-surely-picking-up-in-egypt\/\" style=\"\" rel=\"noopener\">October 2022<\/a> EV survey are planning to buy an EV within the next 10 years \u2014 and one in five they\u2019ll make a purchase in the next 12 months.<\/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 green economy stories for the week:<\/strong><\/p>\n<ul>\n<li><strong>Green is the new black when it comes to energy: <\/strong>The SCZone <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4c54bfd4-d4fc-43ff-8bed-bbaf36445938\" style=\"\" rel=\"noopener\">inked<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4c54bfd4-d4fc-43ff-8bed-bbaf36445938\" style=\"\" rel=\"noopener\">agreements<\/a> for green manufacturing and green energy investments with Chinese companies worth a combined USD 14.75 bn.<\/li>\n<li><strong>EBRD could be directing USD 325 mn to local SMEs and green projects:<\/strong> The European Bank for Reconstruction and Development (EBRD) <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cded12b1-aa45-4946-b80c-fde4714abb48\" style=\"\" rel=\"noopener\">is considering lending<\/a> USD 325 mn to four local banks for on-lending to local SMEs and green projects before the end of 2023.<\/li>\n<li><strong>More green bonds to come in 2024?<\/strong> The government is reportedly mulling over issuing <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f1d7f4b1-00a8-473b-8c90-5ae46ac85cc0\" style=\"\" rel=\"noopener\">green bonds worth USD 700 mn<\/a> next year to fund an unnamed green project.<\/li>\n<li><strong>Panda bonds for a green cause: <\/strong>Egypt closed its maiden panda bond issuance worth <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/24a3b396-64fe-4ac7-8fd7-c6da54bdcb5a\" style=\"\" rel=\"noopener\">USD 478.7 mn<\/a> last week. The proceeds will fund clean transport projects, healthcare, sustainable water use, and more.<\/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\/automotive\/\">automotive<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/going-green\/\">going green<\/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=\"608696\" 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\/24\/608696\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-608696\" class=\"content-area-description single-story post-608696 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>24-26 October (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/fii-institute.org\/conference\/fii7\/\" style=\"\">Future Investment Initiative<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, Saudi Arabia.<\/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>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 style=\"font-weight:400;\">October or November: Gov\u2019t expects to finalize stake sale 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>November: Egypt to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cd3e36a4-25a3-4129-9e86-f88ce45ca113\" style=\"\">issue Samurai bonds<\/a><\/span><span>.<\/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>5 November (Sunday): Senate back in session.<\/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 November (Wednesday): Deadline for MTO to buyback Dice Sports and Casual Wear\u2019s 46.9% Stake.<\/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 style=\"font-weight:400;\">Gov\u2019t expects to finalize sale of a stake in 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;\">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;\">5 May (Sunday): 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;\">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.<\/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.<\/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>Tax incentives coming | EU aid pact in the works? | New EGX trading system | Loggerheads on \u201closs + damage\u201d<\/p>\n","protected":false},"featured_media":608669,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-608668","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"9a594742-85bf-4636-9775-e3f4e811149f","teaser":"Tax incentives coming | EU aid pact in the works? | New EGX trading system | Loggerheads on \u201closs + damage\u201d","photo_url":"https:\/\/ent.news\/2023\/10\/1194.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>No ceasefire in sight in Gaza + EU reportedly looking to close an aid pact with Egypt soon - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, 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