{"id":609186,"date":"2023-11-01T00:00:00","date_gmt":"2023-11-01T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=609186"},"modified":"2025-12-17T01:40:24","modified_gmt":"2025-12-17T01:40:24","slug":"madbouly-slams-israeli-plans-to-push-displaced-gazans-into-egypt","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/madbouly-slams-israeli-plans-to-push-displaced-gazans-into-egypt\/","title":{"rendered":"Madbouly slams Israeli plans to push displaced Gazans into Egypt"},"content":{"rendered":"<section id=\"609188\" 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=\"609188\">\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\/11\/01\/this-is-how-you-can-support-relief-efforts-in-gaza\/\">\r\n                            This is how you can support relief efforts in Gaza                        <\/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\/11\/01\/this-is-how-you-can-support-relief-efforts-in-gaza\/\" target=\"_blank\">\n                   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data-attachment-id=\"609189\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/01\/this-is-how-you-can-support-relief-efforts-in-gaza\/21-jpg-17\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/21.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"21.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/21.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/21.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-609188\" class=\"content-area-description single-story post-609188 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-enterpriseam tag-israel tag-israel-palestine-conflict tag-palestine 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\/11\/.2013605e-fe48-4594-9c39-b2decef8eb83.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, friends.<\/strong> Two stories are competing for your attention this morning. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">In business news: <strong>ADQ has reportedly finalized its USD 800 mn purchase of three <\/strong><strong>state-owned petchem and drilling companies<\/strong>. It\u2019s a welcome shot in the arm for state coffers and further sign of momentum in the Madbouly government\u2019s asset sale program. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But the BIG STORY here at home this morning is PM Moustafa Madbouly\u2019s warning to <\/strong><strong>Israel <\/strong>not to try to push displaced Palestinians into Sinai. Madbouly\u2019s remarks, made in Sinai before he returned to Cairo to meet with ADQ chief and UAE Investment Minister Mohamed Alsuwaidi, comes as officials prepare to open the border crossing at Rafah to allow in a limited number of wounded Gazans as well as foreign passport holders. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MORNING MUST READ- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/twitter.com\/raminho\/status\/1719385390086271164\" style=\"\" rel=\"noopener\">\u201cA textbook case of genocide\u201d<\/a><\/strong>\u2014 that\u2019s how Craig Mokhiber, a top UN rights official, described Israel\u2019s war on Gaza in a letter of resignation yesterday to UN High Commissioner for Human Rights Volker Turk.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a> <strong>Want to support relief efforts in Gaza, but don\u2019t know how? We\u2019ve got you. <\/strong>More than a mn people in Gaza have been thrown from their homes and every human being there lacks access to food, water, and fuel amid the most intense bombardment any population has endured this century. <strong>The charities we\u2019re listing below are Egyptian organizations working on Gaza relief that we think you can trust <\/strong>if you want to make a donation.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Egyptian Red Crescent Society <\/strong>is one of the nation\u2019s leading providers of humanitarian and emergency medical services. The Egypt Red Crescent <a target=\"_blank\" href=\"https:\/\/www.egyptianrc.org\/Donate\/online-donation\" style=\"\" rel=\"noopener\">accepts donations in EGP online<\/a> and is on Fawry with the service code 99981. You can also donate to the organization through theis Banque du Caire account: 49\/403\/30 (EGP) or 1065\/601\/30 (USD \u2014 code: BCAIEGCX030).<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Egyptian Food Bank:<\/strong> The food bank has launched \u201cAid Gaza,\u201d a hunger-relief campaign to supply essential food items to the people of Gaza. You can make an online <a target=\"_blank\" href=\"https:\/\/www.efb.eg\/programs\/3075\/aghath-aaagl-lahaly-ghz\" style=\"\" rel=\"noopener\">donation<\/a> through EFB\u2019s website or the unified bank account number 888777 at every bank in Egypt. <strong>Do you live abroad? <\/strong>The EFB has a list of its verified accounts at major institutions (along with account numbers) <a target=\"_blank\" href=\"https:\/\/www.efb.eg\/other-ways-to-donate\" style=\"\" rel=\"noopener\">here<\/a>.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- The Mersal Foundation <\/strong>is a non-profit medical organization running medical aid convoys to Gaza. It is on Fawry using service code 9200 or you can donate through its EGP accounts at major national banks including CIB (100034654454), Banque Misr (5450001000003297), Emirates NBD (1019409332701), National Bank of Egypt (1953071376769426268), AAIB (1015996610010201), QNB <strong>(<\/strong>7352031181714268). The group lists <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/Mersalfoundation\/posts\/pfbid02z1FgyEccB4ZVxfWTPeZAigZ1xxMxpf8B9MXT6Q3QX1jBfZgBND7ZzLqPZXFmkBzkl\" style=\"\" rel=\"noopener\">other ways you can donate<\/a> on its Facebook page.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- Lifemakers: <\/strong>The NGO, which has a record of providing medical, educational and social care services to Palestinians, has been helping to prepare aid convoys ahead of dispatch to deliver food, medical supplies, water, blankets, clothing, and other essentials to the besieged Gaza strip since the outbreak of the Israel-Hamas war. <a target=\"_blank\" href=\"https:\/\/donate.lifemakers.org\/Donate\/DetailsAr\/162\" style=\"\" rel=\"noopener\">Donate through the foundation\u2019s website<\/a> or use Fawry code 950. Lifemakers also accepts donations for Gaza relief in EGP via CIB (account 100034226827) and NBE (0773070478998401017). <\/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\"><strong>It\u2019s the beginning of a new month. <\/strong>Among the news triggers to watch out for in the coming weeks:<\/p><ul>\n<li><strong>PMI:<\/strong> S&amp;P Global will publish its Egypt PMI figures for October on Sunday, 5 November;<\/li>\n<li><strong>Foreign reserves:<\/strong> The central bank will release October\u2019s foreign reserves figures next week;<\/li>\n<li><strong>Inflation:<\/strong> Capmas and the CBE will publish the latest inflation data on Thursday, 9 November.<\/li>\n<\/ul><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>Thai FM in town to discuss Hamas hostages:<\/strong> Thailand\u2019s Foreign Minister Parnpree Bahiddha-Nukara is in Cairo today to discuss the status of talks with Hamas leaders to release the hostages the group holds in Gaza, which includes 22 Thai nationals hostage. Bahiddha-Nukara <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/2ptyndnu\" style=\"\" rel=\"noopener\">held similar discussions<\/a> with Qatari officials in Doha yesterday. Egypt and Qatar both have lines of communication with the Hamas leadership and have taken the lead in the negotiations.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt5\"><\/a> <strong>It\u2019s Fed day:<\/strong> The Federal Reserve will announce its decision on interest rates at the end of its two-day policy meeting this evening. The market is <a target=\"_blank\" href=\"https:\/\/www.nasdaq.com\/articles\/november-fed-meeting-preview:-have-interest-rates-finally-peaked\" style=\"\" rel=\"noopener\">pricing in a 99.5% chance<\/a> that the Fed keeps rates on hold as inflation tempers and the war in Gaza triggers fresh uncertainty for the global economy.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>That sets up tomorrow\u2019s CBE meeting. <\/strong>The Central Bank of Egypt\u2019s monetary policy committee is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1ac86a3f-2d86-4b03-8f45-19d49e23a5a7\" style=\"\" rel=\"noopener\">expected to leave interest rates unchanged<\/a> when it meets on Thursday, according to a majority of the analysts we surveyed this week.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Day 4 of Cairo Water Week:<\/strong> The five-day conference is taking place at the Nile Ritz Carlton and brings together policymakers from around the world to discuss solutions to our most pressing water issues.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Windows 11 has gone full AI:<\/strong> Microsoft has begun pushing out a major Windows 11 update that embeds its <a target=\"_blank\" href=\"https:\/\/adoption.microsoft.com\/en-us\/copilot\/\" style=\"\" rel=\"noopener\">Copilot AI assistant<\/a> into the operating system and will this week start selling its AI-powered Microsoft 365 Copilot productivity suite. Copilot is a Chat GPT-esque generative AI capable of writing text, analyzing data, generating presentations, and assisting with web search.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>HAPPENING NEXT WEEK-<\/strong><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>State calls for final financial offers for Wataniya: <\/strong>Investors that have completed due diligence on military-owned filling station operator Wataniya will be able to submit final offers for a stake in the company next week when the state re-opens the bidding process, writes <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2023\/10\/31\/1729324\" style=\"\" rel=\"noopener\">Al Borsa<\/a>, citing sources it says are in the know. Bidders have two weeks to get offers in. The Sovereign Fund of Egypt is looking to sell at least 10% \u2014 and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c2b7a2e5-6a60-4d93-b790-a71770451eff\" style=\"\" rel=\"noopener\">potentially as much as 100%<\/a> \u2014 of the company as part of the state\u2019s privatization program. The sale could be wrapped up by December, Planning Minister Hala El Saeed <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7bfd11c3-82ee-4e5c-9f6d-f7695ae1ef03\" style=\"\" rel=\"noopener\">said earlier this month<\/a>.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We\u2019ve counted six bidders: <\/strong>Shell and China\u2019s North Petroleum <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ed23d6b6-3314-4600-8e5c-af1f5ef906a4\" style=\"\" rel=\"noopener\">recently joined<\/a> Taqa Arabia, Abu Dhabi National Oil Company (Adnoc), Emirates National Oil Company (ENOC), and Saudi firm Petromin on the list of outfits that have <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9326a491-9645-49df-b489-e36f40100021\" style=\"\" rel=\"noopener\">reportedly submitted offers<\/a> for a stake in Wataniya. Bids range between USD 250 mn and USD 280 mn, <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/4sunkufb\" style=\"\" rel=\"noopener\">Asharq Business<\/a> has reported.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember:<\/strong> The NSPO has <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/edition\/am\/bea69c61-fc53-4f6a-89ae-94db08e63907\" style=\"\" rel=\"noopener\">spun off 174 of its 300 stations<\/a> into a separate entity, which appears to be in line for a rebrand as the organization plans to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c56b1ef7-a0a4-4361-b790-0b4a0b294ddc\" style=\"\" rel=\"noopener\">launch a new fuel retailer<\/a> this year called A1.<\/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>THE BIG STORY ABROAD-<\/strong><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>All eyes remain on Gaza <\/strong>after Israel launched airstrikes on the Jabalia refugee camp in north Gaza, killing 120 civilians and, reportedly, a senior Hamas official. We have more in this morning\u2019s War Watch, below. (<a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/world-middle-east-67276822\" style=\"\" rel=\"noopener\">BBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/f91e6d02-cc71-4f0a-8f4d-abf335dd91fd\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/israeli-military-jets-strike-gaza-camp-says-hamas-commander-killed-2023-11-01\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-10-31\/israel-latest-military-strikes-back-at-hezbollah-in-lebanon?srnd=premium-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2023\/10\/31\/israel-hamas-war-live-updates-latest-news-on-gaza-conflict.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/livecoverage\/israel-hamas-gaza-war-latest\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a> | <a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/world\/2023\/10\/31\/jabalya-refugee-camp-deaths-strikes-israel\/\" style=\"\" rel=\"noopener\">Washington Post<\/a>)<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mixed messages from Israel\u2019s top warmaker:<\/strong> The IDF is \u201cpaying a heavy price\u201d for its invasion of Gaza but is making \u201csignificant\u201d progress, Israeli Defense Minister Yoav Gallant <a target=\"_blank\" href=\"https:\/\/www.timesofisrael.com\/liveblog_entry\/gallant-idf-making-significant-achievements-in-gaza-but-paying-a-heavy-price\/\" style=\"\" rel=\"noopener\">said yesterday<\/a>. Neither the ministry nor Hamas have released any casualty figures in the three days since the IDF began its ground offensive.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, the US continues to build-up troops in our region:<\/strong> The Pentagon is deploying another 300 US troops to the region, it <a target=\"_blank\" href=\"https:\/\/www.defense.gov\/News\/News-Stories\/Article\/Article\/3575354\/300-more-us-troops-deploy-to-us-central-command\/\" style=\"\" rel=\"noopener\">said<\/a> yesterday. The US military <a target=\"_blank\" href=\"https:\/\/responsiblestatecraft.org\/us-troops-israel-gaza-2666062447\/\" style=\"\" rel=\"noopener\">has sent<\/a> two aircraft carrier strike groups, several thousand troops, an undisclosed number of fighter jets, and missile batteries to the region since 7 October as a deterrent to other regional actors from entering the conflict. Iran-backed militia have attacked US forces in Iraq and Syria at least 24 times in recent days, including at least three on Monday, <a target=\"_blank\" href=\"https:\/\/www.voanews.com\/a\/twenty-four-attacks-target-us-forces-in-iraq-syria\/7333618.html\" style=\"\" rel=\"noopener\">US officials said<\/a>.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WATCH THIS SPACE-<\/strong><\/p><p> <a id=\"wwtt4\"><\/a> <strong>We\u2019re going to reduce fossil fuel dependence to 55% by 2035: <\/strong>The Egyptian Electricity Holding Company aims to reduce fossil fuel dependence for electricity production to 55% by 2035, a source at the Electricity Ministry told <a target=\"_blank\" href=\"https:\/\/climate.enterprise.press\/\" style=\"\" rel=\"noopener\">Enterprise Climate<\/a>. Renewables will make up 40% of our electricity production, while the remaining 5% will be from the Dabaa nuclear power plant.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Larger plans afoot<\/strong>: We\u2019re embarking on a five-step plan to produce up to 1.4 GW from renewable sources by 2027, the source told us, without disclosing any more details. The country also plans to reduce the share of hydroelectric power to 2% as its units are becoming obsolete and require major investments, they added.<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/palestine\/\">Palestine<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-today\/\">What We&#039;re Tracking Today<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"609190 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=\"609190\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/01\/609190\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-609190\" class=\"content-area-description single-story post-609190 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>\n<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 +20 12 2350 3528 or visit our website <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"http:\/\/www.somabaygolf.com\" style=\"\">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=\"609191\" 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=\"609191\">\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\/11\/01\/madbouly-slams-israeli-plans-to-push-displaced-gazans-into-egypt\/\">\r\n                            Egypt is ready to sacrifice mns of lives for Sinaii, says Madbouly                        <\/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\/11\/01\/madbouly-slams-israeli-plans-to-push-displaced-gazans-into-egypt\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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      <a href=\"https:\/\/api.whatsapp.com\/send?text=Madbouly+slams+Israeli+plans+to+push+displaced+Gazans+into+Egypt+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2023%2F11%2F01%2Fmadbouly-slams-israeli-plans-to-push-displaced-gazans-into-egypt%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/01\/madbouly-slams-israeli-plans-to-push-displaced-gazans-into-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/13.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"609192\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/01\/madbouly-slams-israeli-plans-to-push-displaced-gazans-into-egypt\/13-jpg-21\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/13.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"13.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/13.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/13.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-609191\" class=\"content-area-description single-story post-609191 post type-post status-publish format-standard has-post-thumbnail hentry category-war-watch tag-enterpriseam tag-israel tag-israel-palestine-conflict tag-middle-east-politics tag-moustafa-madbouly 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\/11\/.763c6464-1c98-4751-b623-5f27342e832b.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Egypt has denounced Israel\u2019s plan to push displaced Palestinians into <\/strong><strong style=\"background-color: transparent;\">Gaza <\/strong><strong style=\"background-color: transparent;\">in the <\/strong><strong style=\"background-color: transparent;\">strongest terms yet<\/strong><span style=\"background-color: transparent;\">, with Prime Minister Moustafa Madbouly yesterday raising the threat of hostilities if officials in Benjamin Netanyahu\u2019s government try to push ahead with the plan. \u201cWe are prepared to sacrifice mns of lives to ensure that no one encroaches upon [Sinai],\u201d the prime minister <\/span><a target=\"_blank\" href=\"https:\/\/tinyurl.com\/yefekdc6\" rel=\"noopener\">said in a speech<\/a><span style=\"background-color: transparent;\"> in North Sinai yesterday, where he announced the government\u2019s EGP-bns plan to develop the governorate.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A leaked Israeli plan has raised concerns in Cairo:<\/strong> The PM\u2019s statement came a day after reports in the <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/ms6dwjuy\" style=\"\" rel=\"noopener\">Israeli<\/a> and <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/75971d8b-e2fd-4275-8747-0bd443673483\" style=\"\" rel=\"noopener\">Western press<\/a> showed that the Israeli government had drawn up plans to resettle Gaza\u2019s population in the Sinai \u2014 and that <strong>Netanyahu has been lobbying European leaders for support<\/strong>. Israel has displaced 1.4 mn civilians and <a target=\"_blank\" href=\"https:\/\/english.ahram.org.eg\/NewsContent\/58\/1262\/511291\/War-on-Gaza\/War-on-Gaza\/Battles-around-Gaza-City,-as-,-Palestinians-have-f.aspx\" style=\"\" rel=\"noopener\">driven 800k<\/a> from the north to the south of the territory, and the fear in Cairo is that it will try to force them across the border with the blessing of some of its key Western backers. <strong>\u201cWe will not give up a single meter of Sinai land,\u201d Madbouly <\/strong><strong><a target=\"_blank\" href=\"https:\/\/tinyurl.com\/mpm2w7bd\" style=\"\" rel=\"noopener\">said<\/a><\/strong><strong> yesterday.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This is the strongest statement yet from an Egyptian official: <\/strong>Egyptian officials have been voicing their opposition against the forced displacement of Gazans since the war broke out. President Abdel Fattah El Sisi has on several occasions <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/deae5f10-6b04-4b0c-a587-3b5a534a5c5a\" style=\"\" rel=\"noopener\">publicly rejected the idea<\/a> in front of visiting foreign officials, including during a press conference with German Chancellor Olaf Scholz when he mockingly told the Israelis to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/57fa7d86-6ffc-489b-bfed-08c91612f644\" style=\"\" rel=\"noopener\">resettle them in the Negev<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Western officials are distancing themselves from the idea<\/strong>,the US more forcefully so, with a <a target=\"_blank\" href=\"https:\/\/www.whitehouse.gov\/briefing-room\/statements-releases\/2023\/10\/31\/readout-of-president-bidens-call-with-his-majesty-king-abdullah-ii-of-jordan-2\/\" style=\"\" rel=\"noopener\">White House readout<\/a> of a conversation between President Biden and Jordan\u2019s King Abdullah saying it is \u201ccritical\u201d to avoid the forcible displacement of Palestinians. Both <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/51ecf729-038b-41a2-977b-3c894e42a005\" style=\"\" rel=\"noopener\">Biden<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/deae5f10-6b04-4b0c-a587-3b5a534a5c5a\" style=\"\" rel=\"noopener\">Secretary of State Antony Blinken<\/a> previously voiced opposition to the idea. The EU is also looking to distance itself from claims in the Financial Times that some of its member states are on board, with the bloc\u2019s Middle East peace envoy yesterday <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/world\/2023\/10\/31\/eu-opposes-pushing-people-out-of-gaza-says-middle-east-peace-envoy\/\" style=\"\" rel=\"noopener\">rejecting the idea<\/a> in an interview with <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/world\/2023\/10\/31\/eu-opposes-pushing-people-out-of-gaza-says-middle-east-peace-envoy\/\" style=\"\" rel=\"noopener\">The National<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The state\u2019s plans for North Sinai: <\/strong>The government plans to invest some EGP 363 bn in North Sinai over the coming five years as part of its efforts to develop the area, <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0NmH7sKtrEzaSbBGV1ZV1CtYcKmsUjLH1KGFVZEQubAmSfYj319GJ2SQHjE9SSRQrl\" style=\"\" rel=\"noopener\">Madbouly said<\/a> yesterday. The government is giving mixed signals about the timing of this announcement, with cabinet spokesman Sameh El Khashin saying last night that it has a direct correlation with the current push for Egypt to take in displaced Gazans (<a target=\"_blank\" href=\"https:\/\/www.facebook.com\/YahdothFiMasr\/videos\/886144223073902\" style=\"\" rel=\"noopener\">watch, runtime: 3:04<\/a>), while Madbouly <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0Kp9USys7KvzCPophMR9qe8iquZJvUCFNzvQ1xpGAvz1XmBd6qHXSGUqZDrCghH6el\" style=\"\" rel=\"noopener\">implied<\/a> that the announcement was coincidental.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Medical treatment for some injured Palestinians: <\/strong>Officials here are expected to allow thousands of injured Palestinians to cross the border at Rafah and receive treatment in hospitals that have been set up in the Sinai, the <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/livecoverage\/israel-hamas-gaza-war-latest\/card\/egypt-to-accept-up-to-400-foreign-nationals-from-gaza-NUAFemDwj0uQHZYjEjPh\" style=\"\" rel=\"noopener\">Wall Street Journa<\/a> l reported this morning, citing senior Egyptian officials. Gaza\u2019s General Authority for Crossings and Borders in Gaza <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/3j6h7hfh\" style=\"\" rel=\"noopener\">said<\/a> last night that 81 people will be received by Egyptian medics. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Some foreign nationals will be able to leave: <\/strong>Egypt will allow up to 400 foreigners stuck in Gaza to leave starting today, according to the WSJ. Egypt struck an agreement with Israel, the US, and Hamas to allow foreigners and severely injured Gazans to cross into Egypt, the newspaper reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>FURY AS ISRAEL BOMBS REFUGEE CAMP-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>As many as 120 dead in Israeli airstrike:<\/strong> Dozens of people have died when several Israeli airstrikes hit the densely-populated Jabalia refugee camp in north Gaza yesterday. The number of people killed in the attack remains uncertain, with the Gaza Health Ministry putting the death toll at 50 and the number of injured at 150. The Indonesian Hospital provided a sharply higher figure, saying it had received 400 casualties, 120 of whom had died. At least six missiles were said to be dropped in the same area. Doctors Without Borders <a target=\"_blank\" href=\"https:\/\/twitter.com\/MSF\/status\/1719444613293821958\" style=\"\" rel=\"noopener\">said<\/a> it was \u201chorrified\u201d by the attack.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who died is also disputed:<\/strong> The <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/idfonline\/posts\/pfbid0zfUiRPftY2TTLG5zuERfXnQhvYpCbHaGrFzQwjxRn7BvTKKZaRnNvzya4aeD8kPXl\" style=\"\" rel=\"noopener\">Israeli Defense Forces<\/a> claimed to have killed a senior Hamas commander and a \u201clarge number of terrorists\u201d in the attack, as well as destroying some of the group\u2019s underground tunnels. Hamas <a target=\"_blank\" href=\"https:\/\/www.nbcnews.com\/news\/world\/live-blog\/israel-hamas-war-live-updates-rcna122919\" style=\"\" rel=\"noopener\">denied<\/a> the claim, saying that none of its leadership were in Jabalia during the attack. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Arab nations condemn the attack: <\/strong><a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/803160621854360\" style=\"\" rel=\"noopener\">Egypt<\/a>, <a target=\"_blank\" href=\"https:\/\/twitter.com\/ForeignMinistry\/status\/1719394865413259322\" style=\"\" rel=\"noopener\">Jordan<\/a>, <a target=\"_blank\" href=\"https:\/\/saudigazette.com.sa\/article\/637261\/SAUDI-ARABIA\/Saudi-Arabia-strongly-condemns-Israels-inhuman-aggression-on-Jabalia-in-Gaza\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a>, <a target=\"_blank\" href=\"https:\/\/twitter.com\/MofaQatar_EN\/status\/1719444548030476310\" style=\"\" rel=\"noopener\">Qatar<\/a>, and the <a target=\"_blank\" href=\"https:\/\/www.mofa.gov.ae\/en\/mediahub\/news\/2023\/10\/31\/31-10-2023-uae-ghaza\" style=\"\" rel=\"noopener\">UAE<\/a> all condemned in the strongest terms the attack on Jabalia, with Egypt calling it a \u201cnew flagrant violation of international law.\u201d The Qatari Foreign Ministry warned that the expansion of Israeli attacks \u201cwould undermine mediation and de-escalation efforts.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Some South American states are saying enough is enough:<\/strong> Bolivia became the first country to <a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/world\/2023\/10\/31\/bolivia-israel-gaza-diplomatic-relations\/cde2e418-7830-11ee-97dd-7a173b1bd730_story.html\" style=\"\" rel=\"noopener\">cut diplomatic ties<\/a> with Israel yesterday over what it said were \u201ccrimes against humanity\u201d being committed by the IDF. Meanwhile, Chilean President Gabriel Boric <a target=\"_blank\" href=\"https:\/\/twitter.com\/GabrielBoric\/status\/1719498934475743537\" style=\"\" rel=\"noopener\">announced<\/a> he had recalled the country\u2019s ambassador to Israel following the attack in Jabaliya. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The US has (slightly) hardened its tone:<\/strong> Secretary of State Antony Blinken stressed the importance of taking \u201cfeasible precautions\u201d to avoid harming civilians during a call with Israeli President Isaac Herzog last night, a State Department spokesperson <a target=\"_blank\" href=\"https:\/\/www.state.gov\/secretary-blinkens-call-with-israeli-president-herzog-2\/\" style=\"\" rel=\"noopener\">said<\/a>. Meanwhile, in a call with Israeli Defense Minister Yoav Gallant, US Secretary of Defense Lloyd Austin <a target=\"_blank\" href=\"https:\/\/www.defense.gov\/News\/Releases\/Release\/Article\/3575495\/readout-of-secretary-of-defense-lloyd-j-austin-iiis-call-with-israeli-minister\/\" style=\"\" rel=\"noopener\">emphasized<\/a> \u201cthe urgency of protecting civilians \u2026 and conducting operations in accordance with the Law of War.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Death toll rises: <\/strong>The attacks on Gaza have so far killed 8.5k, over 3.5k of which are children, according to figures from the <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/5n6db3e7\" style=\"\" rel=\"noopener\">Palestinian Health Ministry<\/a>. The attacks have wounded 21.5k and left 2k bodies trapped under rubble since Israel started its ground invasion of Gaza after the Hamas attack on 7 October.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AID-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Aid deliveries to Gaza are increasing:<\/strong>The <a target=\"_blank\" href=\"https:\/\/twitter.com\/PalestineRCS\/status\/1719430187958284747\" style=\"\" rel=\"noopener\">Palestinian Red Crescent<\/a> last night received 59 trucks of humanitarian aid \u2014 the largest single day wave of aid so far \u2014 through the Rafah crossing, pushing the total number of trucks that crossed into Gaza since 7 October to 217. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt is working on sending more aid:<\/strong> The head of the UN relief agency for Palestinian refugees, <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/2dbsnj8n\" style=\"\" rel=\"noopener\">Philippe Lazzarini<\/a>, was in Cairo yesterday to discuss accelerating aid efforts with Foreign Minister Sameh Shoukry. The US Middle East humanitarian envoy David Satterfield <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/54843z6y\" style=\"\" rel=\"noopener\">was in town a few days ago<\/a> for similar talks. Egypt has accused Israel of obstructing the rapid delivery of aid to the besieged territory.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DIPLOMACY-<\/strong><\/p>\n<ul>\n<li><strong>Norway calls into question the legitimacy of Israel\u2019s war on Gaza<\/strong>, becoming the first European country to suggest that Israel\u2019s assault <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/norway-believes-israel-may-have-not-fully-respected-international-law-2023-10-31\/\" style=\"\" rel=\"noopener\">is in breach<\/a> of international humanitarian law.<\/li>\n<li><strong>The foreign ministers of Egypt, Saudi Arabia and Jordan are in constant contact<\/strong> (<a target=\"_blank\" href=\"https:\/\/twitter.com\/ForeignMinistry\/status\/1719408030293360850\" style=\"\" rel=\"noopener\">here<\/a> and <a target=\"_blank\" href=\"https:\/\/twitter.com\/ForeignMinistry\/status\/1719409233718854100\" style=\"\" rel=\"noopener\">here<\/a>), while the EU\u2019s policy chief has <a target=\"_blank\" href=\"https:\/\/www.eeas.europa.eu\/eeas\/israel-palestine-high-representative-josep-borrell-holds-series-high-level-contacts_en\" style=\"\" rel=\"noopener\">held talks with all three<\/a> in the past two days. <\/li>\n<li>The US wants to keep Israeli-Saudi reconciliation <a target=\"_blank\" href=\"https:\/\/www.whitehouse.gov\/briefing-room\/statements-releases\/2023\/10\/30\/readout-of-national-security-advisor-jake-sullivans-meeting-with-saudi-arabian-defense-minister-prince-khalid-bin-salman-al-saud\/\" style=\"\" rel=\"noopener\">alive<\/a>.<\/li>\n<li><strong>Iran\u2019s foreign minister is on another tour of the region, meeting with <\/strong>Hamas head <a target=\"_blank\" href=\"https:\/\/twitter.com\/IRIMFA_EN\/status\/1719406277812535486\" style=\"\" rel=\"noopener\">Ismail Haniyeh<\/a> and <a target=\"_blank\" href=\"https:\/\/twitter.com\/IRIMFA_EN\/status\/1719353310384193568\" style=\"\" rel=\"noopener\">Qatar\u2019s foreign minister<\/a> in Doha yesterday and <a target=\"_blank\" href=\"https:\/\/www.mfa.gov.tr\/no_-280_-iran-islam-cumhuriyeti-disisleri-bakani-huseyin-emir-abdullahiyan-in-ulkemizi-ziyareti-hk.en.mfa\" style=\"\" rel=\"noopener\">Turkey\u2019s top diplomat<\/a> in Ankara later today.<\/li>\n<li><strong>Russia has <\/strong><strong><a target=\"_blank\" href=\"https:\/\/mid.ru\/en\/foreign_policy\/news\/1912866\/\" style=\"\" rel=\"noopener\">criticized<\/a><\/strong><strong> Israeli strikes<\/strong> on Syria.<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/moustafa-madbouly\/\">Moustafa Madbouly<\/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=\"609193\" 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=\"609193\">\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\">Privatization<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/01\/adq-finalizes-acquisition-of-stakes-in-state-run-petchem-drilling-companies\/\">\r\n                            ADQ finalizes acquisition of stakes in Egyptian state-owned companies                        <\/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\/11\/01\/adq-finalizes-acquisition-of-stakes-in-state-run-petchem-drilling-companies\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" 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href=\"https:\/\/x.com\/intent\/post?text=ADQ finalizes acquisition of stakes in state-run petchem, drilling companies&url=https:\/\/enterpriseam.com\/egypt\/2023\/11\/01\/adq-finalizes-acquisition-of-stakes-in-state-run-petchem-drilling-companies\/\">\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\/11\/01\/adq-finalizes-acquisition-of-stakes-in-state-run-petchem-drilling-companies\/&title=ADQ finalizes acquisition of stakes in state-run petchem, drilling companies\">\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=ADQ+finalizes+acquisition+of+stakes+in+state-run+petchem%2C+drilling+companies+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2023%2F11%2F01%2Fadq-finalizes-acquisition-of-stakes-in-state-run-petchem-drilling-companies%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\/11\/01\/adq-finalizes-acquisition-of-stakes-in-state-run-petchem-drilling-companies\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1541.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"609194\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/01\/adq-finalizes-acquisition-of-stakes-in-state-run-petchem-drilling-companies\/1541-jpg-12\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1541.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1541.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1541.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1541.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-609193\" class=\"content-area-description single-story post-609193 post type-post status-publish format-standard has-post-thumbnail hentry category-privatization-watch tag-adq tag-egyptian-drilling-company tag-egyptian-linear-alkyl-benzene tag-enterpriseam tag-ethydco tag-fdi tag-ipo-watch tag-privatization-watch tag-sovereign-fund-of-egypt tag-sovereign-wealth-funds 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\/11\/.7772c2af-e4ea-4754-a59c-fccf7f1eb3c7.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Elab, Ethydco, and EDC stake sales ticked off the privatization checklist: <\/strong>Abu Dhabi\u2019s sovereign wealth fund ADQ has inked contracts with the Sovereign Fund of Egypt (SFE) to finalize its acquisition of minority stakes in three state-owned oil and petrochemical companies, <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2023\/10\/30\/1728890\" style=\"\" rel=\"noopener\">Al Borsa<\/a> reported yesterday, citing sources it says are familiar with the matter.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> ADQ acquired a 35% stake in Egyptian Linear Alkyl Benzene (Elab), 30% of Egyptian Ethylene and Derivatives Company (Ethydco), and 25% of the Egyptian Drilling Company (EDC). <strong>The fund will pay<\/strong><strong> USD 800 mn for the stakes<\/strong>, which will be transferred immediately, the media outlet quotes its sources as saying. To get the agreement over the line, the Madbouly government has <a target=\"_blank\" href=\"https:\/\/alborsaanews.com\/2023\/08\/29\/1706259\" style=\"\" rel=\"noopener\">reportedly agreed<\/a> to provide certain guarantees on the transaction to ADQ for a defined period, according to an unconfirmed report. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The bigger picture:<\/strong> The sales were part of the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1f59098e-47ac-42cc-964c-b84096549959\" style=\"\" rel=\"noopener\">USD 1.9 bn of privatization agreements<\/a> announced in July. The government is accelerating its privatization plans in a bid to attract more foreign currency into the country and ease the 18-month currency crisis triggered by the war in Ukraine and rising US rates.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead:<\/strong> The state <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e8a0da43-f922-4a49-b3a9-839f397f8ce4\" style=\"\" rel=\"noopener\">wants<\/a> to complete another USD 5 bn in sales between now and June 2024. It expects to sell stakes in the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/860a3d68-680c-4178-8525-c01faa6818b8\" style=\"\" rel=\"noopener\">Gabal El Zeit and Zafarana wind farms<\/a>, military companies <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7bfd11c3-82ee-4e5c-9f6d-f7695ae1ef03\" style=\"\" rel=\"noopener\">Wataniya<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/df9dadd8-6f29-4cfb-a620-975f16dd57a1\" style=\"\" rel=\"noopener\">Safi<\/a>, a 4.8 GW <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cfdc99d8-291f-4b7c-8af8-8e1cccc74de5\" style=\"\" rel=\"noopener\">combined-cycle power plant<\/a> in Beni Suef, and a number of desalination plants over the next eight months.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Advisors<\/strong>: ADQ used Matouk Bassiouny & Hennawy as a legal advisor on the sale, while the SFE was represented by Baker McKenzie.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MORE ADQ INVESTMENTS TO COME?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Madbouly drums up ADQ interest in local investments: <\/strong>Prime Minister Moustafa Madbouly met with ADQ chief and UAE Investment Minister Mohamed Alsuwaidi yesterday, a cabinet <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/3mrb8adm\" style=\"\" rel=\"noopener\">statement<\/a> said yesterday. Madbouly talked up investment incentives, golden licenses, and easing barriers to land ownership.<\/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\/adq\/\">ADQ<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egyptian-drilling-company\/\">Egyptian Drilling Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egyptian-linear-alkyl-benzene\/\">Egyptian Linear Alkyl Benzene<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ethydco\/\">Ethydco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fdi\/\">FDI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ipo-watch\/\">IPO watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/privatization-watch\/\">privatization watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sovereign-fund-of-egypt\/\">Sovereign Fund of Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sovereign-wealth-funds\/\">Sovereign wealth funds<\/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=\"609195\" 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=\"609195\">\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\">Economy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/01\/our-net-foreign-assets-position-deteriorated-in-september\/\">\r\n                            Egypt\u2019s net foreign assets position deteriorated in September                        <\/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\/11\/01\/our-net-foreign-assets-position-deteriorated-in-september\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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This marks the first jump in net foreign liabilities since June, when they hit a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ce28e8d0-c86c-456e-a6ce-f14c5833d1b1\" style=\"\" rel=\"noopener\">record high<\/a> of USD 27.1 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Liquidity in the banking system improved slightly<\/strong>, with net liabilities inching down to USD 16.3 bn from USD 16.5 bn last month. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Central Bank of Egypt\u2019s net foreign liabilities widened to <\/strong><strong>USD 10.5 bn<\/strong> from USD 9.4 bn in August, according to the figures. This is a reversal of the previous month, when the CBE\u2019s narrowing liabilities <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9abffb0c-9baa-43d2-9669-1e3c50fc84ec\/\" style=\"\" rel=\"noopener\">supported<\/a> a marginal improvement in the net foreign asset position.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/central-bank-of-egypt\/\">Central Bank of Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/foreign-exchange\/\">foreign exchange<\/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=\"609197\" 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=\"609197\">\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\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/01\/cbe-gets-c-usd-1-bn-from-chinese-development-bank\/\">\r\n                            Central Bank of Egypt has lined up c. USD 1 bn from the Chinese Development Bank                        <\/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\/11\/01\/cbe-gets-c-usd-1-bn-from-chinese-development-bank\/\" 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\/11\/01\/cbe-gets-c-usd-1-bn-from-chinese-development-bank\/')\">\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\/11\/01\/cbe-gets-c-usd-1-bn-from-chinese-development-bank\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=CBE gets c. 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USD 1 bn from Chinese Development Bank\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=CBE+gets+c.+USD+1+bn+from+Chinese+Development+Bank+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2023%2F11%2F01%2Fcbe-gets-c-usd-1-bn-from-chinese-development-bank%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\/11\/01\/cbe-gets-c-usd-1-bn-from-chinese-development-bank\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1520.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"609198\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/01\/cbe-gets-c-usd-1-bn-from-chinese-development-bank\/1520-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1520.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1520.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1520.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1520.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-609197\" class=\"content-area-description single-story post-609197 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-banking tag-central-bank-of-egypt tag-china tag-china-development-bank tag-debt-watch tag-development-finance tag-egypt-china-relations tag-enterpriseam tag-gafi tag-investment-watch tag-suez-canal-economic-zone 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\/11\/.896db2b3-88f8-4360-8d65-2a54d218815c.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Fresh financing is on its way from China:<\/strong> State-owned China Development Bank (CDB) announced that it gave the Central Bank of Egypt CNY 7 bn (c. USD 957 mn) on 30 October to, fulfilling a loan agreement signed last month during the Belt and Road Forum, according to a statement by the lender yesterday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s all about cooperation and the Belt and Road initiative<\/strong>,says the Beijing-based lender. The fresh financing will go towards unspecified <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d3c57ac6-e078-42c8-8617-e7054a7ae2de\" style=\"\" rel=\"noopener\">agreements<\/a> from October's Belt and Road Forum and nine already agreed upon projects from the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/94a138d1-a985-46e6-8318-e1812e11c328\" style=\"\" rel=\"noopener\">Forum on China\u2013Africa Cooperation<\/a> held in 2021.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The CBD is no stranger to Egypt: <\/strong>The lender added that it has issued USD 6.5 bn worth in loans in Egypt in the first nine months of this year. This has gone towards supportings the CBE\u2019s USD 1 bn credit line, local bank financing for MSMEs, electricity infrastructure projects, and projects in the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c8341f69-c9f5-4504-8470-e5d109f40c83\" style=\"\" rel=\"noopener\">TEDA industrial zone<\/a> in Ain Sokhna. The bank is also trying to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8538fab0-92d9-4745-8e06-ed30bf2b0923\" style=\"\" rel=\"noopener\">set up<\/a> a branch in Egypt so Chinese companies can access CNY in Egypt to fund local investments.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Chinese companies have also become an important source of FX investment:<\/strong> At the recent Belt and Road Forum, private and state-owned enterprises in China have pledged investments worth c. USD 15.5 bn in the Suez Canal Economic Zone. Enterprise HQ has been <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f47e4430-cd72-4219-8560-5e3dd6b26c1e\" style=\"\" rel=\"noopener\">inundated<\/a> with big China investment stories throughout the year on at least a weekly basis, especially now we\u2019re set to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/625a6a24-800b-46c9-b6ea-6a1158ee3640\" style=\"\" rel=\"noopener\">join<\/a> BRICS in 2024.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DATA POINT- About 5% of our total external debt is owed to the Chinese: <\/strong>Egypt owed USD 8.2 bn to China as of the end of March, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/10\/1038.pdf\" style=\"\" rel=\"noopener\">central bank figures (pdf)<\/a>. The country\u2019s total external debt was USD 165.3 bn as of March 2023.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The international press also picked up the story: <\/strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/article\/china-bri-egypt-idAFP8N3BH07A\" style=\"\" rel=\"noopener\">Reuters<\/a> <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/central-bank-of-egypt\/\">Central Bank of Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/china-development-bank\/\">China Development Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt-watch\/\">debt watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/development-finance\/\">development finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-china-relations\/\">Egypt-China relations<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gafi\/\">GAFI<\/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\/suez-canal-economic-zone\/\">Suez Canal Economic Zone<\/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=\"609199\" 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=\"609199\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/01\/gas-supplies-to-energy-intensive-industries-slashed-by-up-to-30\/\">\r\n                            Egypt slashes gas supplies to energy-intensive industries by up to 30%                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/20.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"609200\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/01\/gas-supplies-to-energy-intensive-industries-slashed-by-up-to-30\/20-jpg-22\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/20.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"20.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/20.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/20.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-609199\" class=\"content-area-description single-story post-609199 post type-post status-publish format-standard has-post-thumbnail hentry category-energy tag-energy tag-enterpriseam tag-fertilizers tag-industry tag-israel-palestine-conflict tag-manufacturing tag-middle-east-politics tag-oil-and-gas 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\/11\/.8d2291c5-4816-4e8f-bcbe-faca6299eb1d.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Energy-intensive <\/strong><strong>industries have seen their gas supplies cut<\/strong> in the wake of Israel and Chevron\u2019s decision to suspend gas exports to Egypt, several news outlets reported yesterday. <a target=\"_blank\" href=\"https:\/\/bit.ly\/3FGjvYK%5C\" style=\"\" rel=\"noopener\">Asharq Business<\/a> reported that fertilizer companies have seen supplies reduced by 30% while <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2023\/10\/31\/1729383\" style=\"\" rel=\"noopener\">Al Borsa<\/a> says that other industries \u2014 including iron and aluminum \u2014 are also facing temporary supply cuts (though it doesn\u2019t specify how much).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A temporary measure? <\/strong>Companies that spoke with Al Borsa said that they had been informed that the reduction will only last for a matter of days. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The fertilizer industry and others are trying to push back: <\/strong>The Export Council for Chemical Industries and Fertilizers met with the oil, trade, and industry ministries to demand that the decision be delayed until companies can fulfill their existing export contracts. Failing this, the council proposed reducing the cut down to 10%, Al Borsa reported.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This isn\u2019t altogether new:<\/strong> The government had diverted natural gas from fertilizer plants to the national grid months before the war in Gaza, with some fertilizer producers reportedly seeing their <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ad4a0d0c-9bfd-424e-bf4b-dd38eb48af41\" style=\"\" rel=\"noopener\">supplies fall by 20%<\/a> at the height of the power crisis in August. The gas cuts were expected to affect mostly producers of urea fertilizer, a low-cost nitrogenous fertilizer that consumes high volumes of gas, according to earlier <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ad4a0d0c-9bfd-424e-bf4b-dd38eb48af41\" style=\"\" rel=\"noopener\">report<\/a> s from back in July.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember:<\/strong> Industries are having to cut back on gas usage after imports of Israeli gas were suspended earlier this month due to the war in Gaza. The Madbouly cabinet revealed this week that the country\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ef901833-3643-406c-9f73-560e93c578ef\" style=\"\" rel=\"noopener\">gas imports have fallen to zero<\/a> from 800 mn cubic feet of gas per day prior to 7 October. The loss of Israeli gas comes at an inopportune time for the country, which has been facing daily blackouts since July due to falling domestic gas production and a particularly hot summer. <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7db6d0ec-6a2c-429f-b240-a34fa57dfddf\" style=\"\" rel=\"noopener\">Longer and more irregular blackouts<\/a> have been a feature across much of the country since the end of last week.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fertilizers\/\">fertilizers<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/industry\/\">industry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/israel-palestine-conflict\/\">Israel-Palestine conflict<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/middle-east-politics\/\">Middle East politics<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"609201\" 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=\"609201\">\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\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/01\/efg-hermes-closes-ciras-second-future-flow-issuance\/\">\r\n                            EFG Hermes closes CIRA\u2019s second future flow issuance                        <\/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\/11\/01\/efg-hermes-closes-ciras-second-future-flow-issuance\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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This is the second issuance of a larger EGP 2 bn program, and follows the company\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5b387f20-658e-4fcc-89e6-602f5c20a966\" style=\"\" rel=\"noopener\">maiden EGP 800 mn issuance<\/a> in November last year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The issuance will support CIRA\u2019s expansion plans:<\/strong>The funds raised from the issuance will be used to cover CIRA\u2019s growth plans in the next three years, including expanding its university and K-12 offering, CEO Mohamed El Kalla <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/36d32185-6742-4458-b5cc-c1f462796f23\" style=\"\" rel=\"noopener\">previously told us<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUND SMART- <\/strong>Unlike <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/32ba4863-0863-403d-85e7-9732b18499b6\" style=\"\" rel=\"noopener\">traditional securitization<\/a>, future flow allows the securitization of payments that aren\u2019t yet on the company\u2019s balance sheet, giving companies access to liquidity without needing a big portfolio of accounts receivables. Future income \u2014 whether from club memberships, phone bills, utility payments, tuition fees or rents \u2014 is packaged into securities and offered to investors in order to raise capital. We have a full explainer <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/53784ce0-1cc5-4f9a-9385-02aac05494ab\" style=\"\" rel=\"noopener\">here<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Advisors:<\/strong> EFG Hermes led the transaction, and was underwriter along with the Arab African International Bank, Al Baraka Bank (also subscriber to the issuance), Suez Bank, and Banque Misr. Zulficar & Partners provided counsel, AAIB was the custodian, and PwC was the auditor. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DATA POINT- The year in securitization (so far): <\/strong>The issuancebrings the total value of securitized bonds brought to market so far this year to some EGP 57.6 bn, according to data tracked by Enterprise.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/al-baraka-bank\/\">Al Baraka Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/arab-african-international-bank\/\">Arab African International Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banque-misr\/\">Banque Misr<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cira-education\/\">CIRA Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt-watch\/\">debt watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/efg-hermes\/\">EFG Hermes<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/securitization\/\">securitization<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/suez-bank\/\">Suez Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/zulficar-partners\/\">Zulficar &amp; Partners<\/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=\"609203\" 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=\"609203\">\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\">Startup watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/01\/health-startup-almouneer-lands-usd-3-6-mn-in-seed-round\/\">\r\n                            Local healthtech startup Almouneer bags USD 3.6 mn in seed round                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1535.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"609204\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/01\/health-startup-almouneer-lands-usd-3-6-mn-in-seed-round\/1535-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1535.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1535.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1535.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1535.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-609203\" class=\"content-area-description single-story post-609203 post type-post status-publish format-standard has-post-thumbnail hentry category-startup-watch tag-almouneer tag-enterpriseam tag-healthcare tag-startup-watch tag-startups 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\/11\/.d760815a-4dcb-4120-ba90-f3726e9ed151.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A<\/strong><strong>lmouneer <\/strong><strong>raised USD 3.6 mn from investors in seed round: <\/strong>Local healthtech startup <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/company\/almouneer\/\" style=\"\" rel=\"noopener\">Almouneer<\/a> has raised USD 3.6 mn in a seed round led by <a target=\"_blank\" href=\"https:\/\/www.global.vc\/\" style=\"\" rel=\"noopener\">Global Ventures<\/a>, <a target=\"_blank\" href=\"https:\/\/www.proparco.fr\/en\" style=\"\" rel=\"noopener\">Proparco<\/a>, <a target=\"_blank\" href=\"https:\/\/digital-africa.co\/en\/\" style=\"\" rel=\"noopener\">Digital Africa<\/a> via their Bridge Fund, <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/company\/wrightwood-capital\" style=\"\" rel=\"noopener\">Wrightwood Investments<\/a>, and several other unnamed international funds, according to a press release picked up by <a target=\"_blank\" href=\"https:\/\/www.wamda.com\/2023\/10\/egyptian-healthtech-almouneer-raises-36-million-seed-round\" style=\"\" rel=\"noopener\">Wamda<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Almouneer<\/strong><strong>?<\/strong> The women-owned startup supports sufferers of chronic diseases such as diabetes via its digital platform DRU. Almouneer currently maintains a customer base of over 120k users, the release said, adding that it has doubled its business volumes in 2023.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Helping patients monitor and manage their diabetes: <\/strong>The funds will be directed to the development and expansion of Almouneer\u2019s DRU platform, which connects to glucometers to allow patients to monitor their diabetes, pre-diabetes, or obesity and manage their lifestyle accordingly. The platform, which will be developed to connect to wearable devices such as smart watches, provides patient and doctor-facing apps, with the DRU app for doctors set to be launched in 1Q 2024, the release said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Regional, intl expansion in 2024: <\/strong>Almouneer wants to expand regionally and internationally, the statement added, with plans to for market entries to Saudi Arabia, UAE and African countries including Nigeria and Kenya in 2024.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s a regional issue: <\/strong>Over 40% of the Middle East and Africa suffers from pre-diabetes or obesity, the statement said. Looking closer to home, Egypt has some 15 mn diabetics, accounting for 20% of the population.<\/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\/almouneer\/\">Almouneer<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/healthcare\/\">healthcare<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startup-watch\/\">Startup watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startups\/\">startups<\/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=\"609205 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=\"609205\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/01\/609205\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-609205\" class=\"content-area-description single-story post-609205 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\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=\"609206\" 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=\"609206\">\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\">LAST NIGHT\u2019S TALK SHOWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/01\/last-nights-talk-shows-on-madbouly-in-sinai-and-the-conflict-in-gaza\/\">\r\n                            Gaza continued to dominate last night's talk shows alongside Madbouly\u2019s trip to Sinai                        <\/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\/11\/01\/last-nights-talk-shows-on-madbouly-in-sinai-and-the-conflict-in-gaza\/\" target=\"_blank\">\n                    Open 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src=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/10.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"609207\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/01\/last-nights-talk-shows-on-madbouly-in-sinai-and-the-conflict-in-gaza\/10-jpg-17\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/10.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"10.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/10.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/10.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-609206\" class=\"content-area-description single-story post-609206 post type-post status-publish format-standard has-post-thumbnail hentry category-last-nights-talk-shows tag-electricity tag-enterpriseam tag-israel-gaza-conflict tag-last-nights-talk-shows tag-middle-east-politics tag-moustafa-madbouly tag-north-sinai 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\/11\/.ded1fb0f-4514-4e88-ba49-2b129d5c68e9.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>L<\/strong><strong>eading talk show coverage las<\/strong><strong>t night was Prime Minister Moustafa Madbouly\u2019s<\/strong><strong> visit to North Sinai<\/strong>, during which he laid out details of the second phase of the Sinai development plan and where the country stands on the Palestinian cause. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sinai development round two: <\/strong>Prime Minister Moustafa Madbouly\u2019s visit to Sinai announce the second phase of the Sinai Development Project dominated the airwaves and received coverage from from Kelma Akhira (<a target=\"_blank\" href=\"https:\/\/www.facebook.com\/KelmaAkhira\/videos\/196716613470843\/\" style=\"\" rel=\"noopener\">watch, runtime: 6:01<\/a>), Ala Masouleety (<a target=\"_blank\" href=\"https:\/\/www.facebook.com\/AhmedMoussaEG\/videos\/663180235927394\" style=\"\" rel=\"noopener\">watch, runtime: 3:22<\/a>), and Masaa DMC (<a target=\"_blank\" href=\"https:\/\/www.facebook.com\/dmctv\/videos\/3417582638387392\" style=\"\" rel=\"noopener\">watch, runtime: 1:20<\/a>). The EGP 400 bn second phase of the Sinai Development Project was launched yesterday and follows the first EGP 600 bm phase of the project in 2018, Cabinet spokesperson Sameh El Khashin told viewers on Al Hayah Al Youm (<a target=\"_blank\" href=\"https:\/\/www.facebook.com\/hayahalyoum\/posts\/pfbid0378ivGY3LytuF7V2wQPo8NFY4NQGomV53otqYEJ9iTdZmMnMMRCwuwAa9BK7WSLUAl?__cft__[0]=AZUuctQifSlMFqqHcszFDrAc5lHZlE3VvOcvKilb_Nbt12jX12qONaoEopPmM0efKun0gGg0Agir6JNmM6DVvkrDJ7yiMIsIjs4ijX2ItDLBo5b5pWqchQ-FQ86qmbD5VAJ2wh4_n7oPqqt4QN9b9f9FN_fkT1BGgq-JeDNOoVI3jb0XhS-hHrLz3GG5BE6FE7g&__tn__=%2CO%2CP-R\" style=\"\" rel=\"noopener\">watch, runtime: 3:49<\/a>).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But the announcement seemed to be more about politics than development: <\/strong>Egypt will respond with a \u201ca categorical and decisive no\u201d to any calls for Egypt to give up a single \u201cgrain of sand from Sinai,\u201d El Khashin said during his appearance on Hadith fi Misr, mirroring earlier comments by Madbouly in Sinai (<a target=\"_blank\" href=\"https:\/\/www.facebook.com\/YahdothFiMasr\/videos\/886144223073902\" style=\"\" rel=\"noopener\">watch, runtime: 3:04<\/a>). El Khashin went on to condemn attempts to collectively punish and forcibly displace the Palestinian people from Gaza. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Little hope that the international community will help stop the war: <\/strong>\u201cNothing indicates that a breakthrough will occur or that the international community will intervene to stop the violations, killing and destruction in Gaza,\u201d Palestinian Authority spokesman Ibrahim Melhem said yesterday during an interview on Hadith fi Misr (<a target=\"_blank\" href=\"https:\/\/www.facebook.com\/YahdothFiMasr\/videos\/1482984135830385\" style=\"\" rel=\"noopener\">watch, runtime: 3:05<\/a>). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Even refugee<\/strong><strong> camp<\/strong><strong>s aren\u2019t safe from Israeli airstrikes:<\/strong> Last night\u2019s hosts also addressed the Israeli bombing of the Jabalia refugee camp and the still rising civilian death toll, including on Kelma Akhira (<a target=\"_blank\" href=\"https:\/\/www.facebook.com\/KelmaAkhira\/posts\/pfbid0r6uAortfEt5quchpse91yoxKiRGG412fEYT7dWHni2heFVsrWTjqXw7bNoeivM87l?__cft__[0]=AZUEzaiwiGEsm4uvp3aSWqXNImVl9195ZG8reaTFNtqM9HmsLSslowX2ka1uazI5jv66ZKx2dAX11reg2PilyWpAiXhM5iFokURNxLlAjX9UiN6F-Av-RmUwOk7dqqQhrDzeVpFyhjA0Ew67VGFmjitHxxjFON5ZVTj9GztXDbbzrv6pB8FJ5YJ9I0Gt4ebRFww&__tn__=%2CO%2CP-R\" style=\"\" rel=\"noopener\">watch, runtime: 5:53<\/a>) and Masaa DMC (watch, runtime: <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/dmctv\/videos\/861001632244269\" style=\"\" rel=\"noopener\">2:57<\/a> | <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/dmctv\/videos\/702816098143053\" style=\"\" rel=\"noopener\">5:27<\/a>). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt receives wounded Gazans:<\/strong> Lamees El Hadidi also covered the opening of Egypt\u2019s Rafah crossing today to receive 81 wounded Palestinians for treatment in Egypt (<a target=\"_blank\" href=\"https:\/\/www.facebook.com\/KelmaAkhira\/posts\/pfbid0KuPVPUTC3kve5fiJbS6wD7csKrxF1AwDRHnLBPf1vXxp7Y3njGcXPB5XwVAdi2wfl?__cft__[0]=AZUXmIJozOLiGH8XJwh911r0wcKRZPtMOxlKYI_M91Za0J9OpKQtVlLB7JjeU0i_l3wOC8midb27JCEXYB4xMwp-buEZIKrtftyZ58PkWEBmb3pOeOUQbKD4KDvsNvz4me7otVecayuWDxtE2vhmkpOmqN5qoaPjVk8L9hwOsBruQ2H0mp5eONDZsRj6oRY0gxE&__tn__=%2CO%2CP-R\" style=\"\" rel=\"noopener\">watch, runtime: 3:10<\/a>). North Sinai Governor Mohammed Abdel Fadil Shusha told Ala Masouleety that wounded Palestinains \u201cwill return to their country\u201d following their recovery and that the field hospital in Sheikh Zuweid can only handle 50 cases at a time (watch, runtime: <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/AhmedMoussaEG\/videos\/879948389844981\" style=\"\" rel=\"noopener\">5:22<\/a> | <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/AhmedMoussaEG\/videos\/910961854003130\" style=\"\" rel=\"noopener\">2:41<\/a> | <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/AhmedMoussaEG\/videos\/1007513777023053\" style=\"\" rel=\"noopener\">6:45<\/a>).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also on the airwaves last night:<\/strong><strong>Don\u2019t worry, those four hour-long power cuts you heard <\/strong><strong><a target=\"_blank\" href=\"https:\/\/tinyurl.com\/4ex99wx7\" style=\"\" rel=\"noopener\">abo<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/tinyurl.com\/4ex99wx7\" style=\"\" rel=\"noopener\">ut<\/a><\/strong><strong> aren't a sign of<\/strong><strong> things to come:<\/strong>Four hour long power outages in some areas may be related to a \u201ctechnical malfunction,\u201d Cabinet spokesperson El Khashin told Yahduth fi Misr, adding that \u201cthe problem should be solved soon\u201d. He also gave us some hope that our regular run-of-the-mill blackouts will soon come to an end once temperatures drop (<a target=\"_blank\" href=\"https:\/\/www.facebook.com\/watch\/?v=1491671178265448\" style=\"\" rel=\"noopener\">watch, runtime: 2:18<\/a>).<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/electricity\/\">electricity<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/israel-gaza-conflict\/\">Israel-Gaza conflict<\/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 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Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/01\/sky-reliance-logistics-in-talks-with-bdc-to-fund-multipurpose-terminal-at-east-port-said-port-plus-banque-misr-land-sale\/\">\r\n                            Sky, Reliance Logistics in talks with BdC to fund multipurpose terminal at East Port Said port. Plus: Banque Misr land sale                        <\/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\/11\/01\/sky-reliance-logistics-in-talks-with-bdc-to-fund-multipurpose-terminal-at-east-port-said-port-plus-banque-misr-land-sale\/\" 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\/11\/01\/sky-reliance-logistics-in-talks-with-bdc-to-fund-multipurpose-terminal-at-east-port-said-port-plus-banque-misr-land-sale\/')\">\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\/11\/01\/sky-reliance-logistics-in-talks-with-bdc-to-fund-multipurpose-terminal-at-east-port-said-port-plus-banque-misr-land-sale\/\">\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=Sky, Reliance Logistics in talks with BdC to fund multipurpose terminal at East Port Said port. 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class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/01\/sky-reliance-logistics-in-talks-with-bdc-to-fund-multipurpose-terminal-at-east-port-said-port-plus-banque-misr-land-sale\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/11.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"609210\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/01\/sky-reliance-logistics-in-talks-with-bdc-to-fund-multipurpose-terminal-at-east-port-said-port-plus-banque-misr-land-sale\/11-jpg-24\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/11.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"11.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/11.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/11.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-609209\" class=\"content-area-description single-story post-609209 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-bahrain tag-banque-du-caire tag-banque-misr tag-debt-watch tag-education tag-enterpriseam tag-fdi tag-food-security tag-gfh-group tag-hassam-allam tag-infrastructure tag-investment-watch tag-national-bank-of-egypt tag-ports tag-privatization-watch tag-reliance-logistics tag-sky-logistics tag-sovereign-fund-of-egypt tag-state-privatization-program 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_408146\"\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\/408144.svg\" alt=\"\" class=\"wp-image-408144\"\/><\/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\/11\/.0504b9f5-08a9-4c6d-aaad-276526ba06d9.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DEBT WATCH-<\/strong><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Sky-Reliance<\/strong><strong> consortium could get USD 65 mn loan from BdC: <\/strong>A <a target=\"_blank\" href=\"http:\/\/sky-log.com\/\" style=\"\" rel=\"noopener\">Sky<\/a><a target=\"_blank\" href=\"http:\/\/sky-log.com\/\" style=\"\" rel=\"noopener\">Logistics<\/a> and Reliance Logistics consortium is reportedly in talks with Banque du Caire (BdC) for a USD 65 mn loan to fund its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/62ab9cb5-220a-4f30-b830-9c8b09134131\" style=\"\" rel=\"noopener\">multipurpose terminal<\/a> at the East Port Said port, sources familiar with the transaction reportedly told <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2023\/10\/30\/1728855\" style=\"\" rel=\"noopener\">Al Borsa<\/a>. The consortium is expected to wrap up negotiations on the loan terms within the next few days. The consortium was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/26ee3acc-0f60-4f3e-9bfa-5863d5a2852a\" style=\"\" rel=\"noopener\">recently awarded<\/a> a 30-year <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f3876fc9-5cd4-424a-b98d-659dd3d67aed\" style=\"\" rel=\"noopener\">build-operate-transfer contract<\/a> for the multipurpose terminal.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** Read the full story <\/strong>in this morning\u2019s edition of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/fe39befe-a835-4236-97b8-1a67a8dc36d7\" style=\"\" rel=\"noopener\">E<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/fe39befe-a835-4236-97b8-1a67a8dc36d7\" style=\"\" rel=\"noopener\">nterprise Logistics<\/a>. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- EGP 5 bn wanted for silo development:<\/strong>The Egyptian Holding Company for Silos and Storage is looking to borrow EGP 5 bn from a syndicate of local banks led by the National Bank of Egypt and Banque Misr, according to Asharq Business (<a target=\"_blank\" href=\"https:\/\/twitter.com\/AsharqbEGY\/status\/1719353539992965409?s=20\" style=\"\" rel=\"noopener\">here<\/a> and <a target=\"_blank\" href=\"https:\/\/twitter.com\/AsharqbEGY\/status\/1719353544644399203\" style=\"\" rel=\"noopener\">here<\/a>), which cited anonymous banking sources. The loan will be used to finance silos in Toshka and other Egyptian governorates, one of the sources said.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Expanding storage capacity is a top priority right now:<\/strong> The <a target=\"_blank\" href=\"https:\/\/www.worldbank.org\/en\/news\/press-release\/2022\/06\/28\/us-500-million-project-will-help-to-strengthen-egypt-food-and-nutrition-security\" style=\"\" rel=\"noopener\">World Bank<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/966cb88e-6a76-4fab-b636-f1641b6bed72\" style=\"\" rel=\"noopener\">the EU and the<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/966cb88e-6a76-4fab-b636-f1641b6bed72\" style=\"\" rel=\"noopener\">French Development Agency<\/a> have all provided finance to Egypt to help expand its silo capacity in response to the rising food insecurity triggered by the war in Ukraine.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PRIVATIZATION WATCH-<\/strong><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Banque Misr to sell EGP 120 bn worth of untapped land plots:<\/strong> State-owned lender Banque Misr has finished reviewing its inventory of vacant land plots worth EGP 120 bn, reports <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/yu3ewbek\" style=\"\" rel=\"noopener\">Al Arabiya<\/a>, citing a Banque Misr official who spoke to AWP. The bank wants to sell the plots or use them in strategic partnerships with foreign investors through the Sovereign Fund of Egypt. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A land sale is already in progress:<\/strong> The bank is reportedly nearing a EGP 1 bn sale agreement with a consortium of property developers led by Hassan Allam Properties. Once the transaction goes through, the developers will set up a mixed-use development on the plot in Sheikh Zayed.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>INVESTMENT-<\/strong><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Bahrain-based Islamic investment bank <\/strong><strong><a target=\"_blank\" href=\"https:\/\/gfh.com\" style=\"\" rel=\"noopener\">GFH Group<\/a><\/strong><strong> could <\/strong><strong>invest some USD 500 mn in Egypt <\/strong>and has appetite for the health, education and logistics sectors in 2024, <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2023\/10\/30\/1728509\" style=\"\" rel=\"noopener\">Al Borsa<\/a> reports, citing unnamed sources. The news follows an earlier report by <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/yk6xmbpk\" style=\"\" rel=\"noopener\">Ash<\/a><a target=\"_blank\" href=\"https:\/\/tinyurl.com\/yk6xmbpk\" style=\"\" rel=\"noopener\">arq Business<\/a> that GFH is looking at an acquisition in education. The group\u2019s logistics arm, GFH Partners, is also looking to invest in in Egypt\u2019s smart transportation sector, Al Borsa reports.<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/bahrain\/\">Bahrain<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\" 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        <!-- <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=\"609211\" 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=\"609211\">\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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/01\/ipo-hype-may-be-over-in-western-markets\/\">\r\n                            IPO hype comes to an end in Western markets                        <\/a>\r\n  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<div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/01\/ipo-hype-may-be-over-in-western-markets\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/16.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"609212\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/01\/ipo-hype-may-be-over-in-western-markets\/16-jpg-23\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/16.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"16.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/16.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/16.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-609211\" class=\"content-area-description single-story post-609211 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-capital-markers tag-enterpriseam tag-financial-markets tag-ipo-watch tag-planet-finance tag-saudi-arabia tag-wall-street 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\/11\/.27fd9410-7637-4fdf-ac21-b0197058d5bd.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>US, EU investor optimism on IPOs plummets:<\/strong> Underwhelming initial listings in recent months have drained investor\u2019s last hopes for a rebound in the IPO market. You can blame market volatility, falling valuations, and a potential early winter shutdown of the market, writes the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/f25f42ba-c5ad-4dd7-8436-938a0de76d21\" style=\"\" rel=\"noopener\">Financial Times<\/a>. Tech startups Arm, Instacart, and Klaviyo were all met with strong investor demand during their recent IPOs, yet are now trading below their initial prices. On the other side of the pond, London\u2019s most high-profile IPO, fintech CAB Payments, witnessed a 72% collapse in its share prices only three months after its listing. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A while to wait: <\/strong>Analysts don\u2019t expect investor appetite to return until 2024, with one predicting a March 2024 return. \u201cThe momentum dies when deal performance dies and that\u2019s what you\u2019ve seen,\u201d said former equity capital markets banker David Erickson. \u201cUntil the market improves, I think we\u2019re going to be sitting here for a while.\u201d <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong><strong>Oil cuts pull down Saudi\u2019s GDP: <\/strong>Saudi Arabia\u2019s GDP contracted by 4.5% y-o-y in 3Q 2023, marking its biggest contraction since 2020 on the back of oil cuts, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-10-31\/saudi-arabian-economy-fell-in-third-quarter-amid-oil-supply-cuts?srnd=premium-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported. The country saw its oil activity dip by 17.3% y-o-y for the quarter, while non-oil activity grew 3.6% y-o-y, according to preliminary data by the country\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/10\/1501.pdf\" style=\"\" rel=\"noopener\">General Authority for Statistics (pdf)<\/a>. The kingdom has been keeping oil supply tight with <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1827f8cb-3783-4d2a-9687-e5e9588aff48\" style=\"\" rel=\"noopener\">voluntary supply cuts<\/a>, which, combined with Russia\u2019s supply curbs, have removed a combined 1.3 mn barrels of oil a day from the global market.<\/p><p><a target=\"_blank\" id=\"t.22d084ec418d14add07f78304e2983f288785c51\" 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-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>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\">22,551<\/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\">-3.8% (YTD: +54.5%)<\/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-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>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\">10,690<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.5% (YTD: +2.0%)<\/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>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\">9,344<\/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: -8.5%)<\/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>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\">3,877<\/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\">+1.0% (YTD: +16.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4,194<\/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\">+0.7% (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>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\">7,322<\/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\">-0.1% (YTD: -1.7%)<\/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\">4,061<\/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\">+0.8% (YTD: +7.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 87.41<\/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\">-0.1%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3.58<\/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\">+6.7%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 1,994.30<\/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%<\/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>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 34,477<\/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: +108.7%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The EGX30 fell 3.8% at yesterday\u2019s close<\/strong> on turnover of EGP 4.7 bn (98.1% above the 90-day average). Foreign investors were net sellers. The index is up 54.5% YTD.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green: <\/strong>Telecom Egypt (+4.0%), Alexandria Containers and Goods (+1.6%).<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Mopco (-13.1%), Abu Qir Fertilizers (-11.5%) and TMG Holding (-10.0%).<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/capital-markers\/\">capital markers<\/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\/ipo-watch\/\">IPO watch<\/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\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/wall-street\/\">Wall Street<\/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=\"609213\" 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\/11\/01\/609213\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-609213\" class=\"content-area-description single-story post-609213 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;\">NOVEMBER <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">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>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 style=\"font-weight:400;\">2 November (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">3 November (Friday): Fitch to review Egypt\u2019s sovereign credit rating.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">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): House of Representatives to reconvene.<\/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:700;\">Signposted to happen some time in November:<\/span><\/p>\n<ul>\n<li><span>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><\/li>\n<li><span style=\"font-weight:400;\">Bidding deadline for 5 gold mine concessions in the Eastern Desert (TBC).<\/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\">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;\">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 style=\"font-weight:400;\">Gov\u2019t expects to finalize stake sale for military-owned fuel retailer Wataniya.<\/span><\/li>\n<li><span style=\"font-weight:400;\">Gov\u2019t expects to finalize sale of Zafarana wind farm<\/span><\/li>\n<li><span style=\"font-weight:400;\">Kenyan trade conference in Egypt.<\/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>6 October (Sunday): Armed Forces Day.<\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Privatization galore | Foreign liabilities widen | Industries face gas cut | Banque Misr land for grabs<\/p>\n","protected":false},"featured_media":609187,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-609186","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"827828d1-b088-4582-98a5-dd3a2daed11a","teaser":"Privatization galore | Foreign liabilities widen | Industries face gas cut | Banque Misr land for 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