{"id":609560,"date":"2023-11-07T00:00:00","date_gmt":"2023-11-07T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=609560"},"modified":"2025-12-17T01:48:41","modified_gmt":"2025-12-17T01:48:41","slug":"were-on-track-to-hit-tourism-targets-despite-gaza-war-issa-says","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/were-on-track-to-hit-tourism-targets-despite-gaza-war-issa-says\/","title":{"rendered":"We\u2019re on track to hit tourism targets despite Gaza war, Issa says"},"content":{"rendered":"<section id=\"609562\" 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=\"609562\">\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\/07\/wall-street-heavyweights-warn-of-impacts-of-war-on-struggling-global-economy\/\">\r\n                            Wall Street heavyweights warn of impacts of war on struggling global economy                        <\/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\/07\/wall-street-heavyweights-warn-of-impacts-of-war-on-struggling-global-economy\/\" 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\/07\/wall-street-heavyweights-warn-of-impacts-of-war-on-struggling-global-economy\/')\">\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\/07\/wall-street-heavyweights-warn-of-impacts-of-war-on-struggling-global-economy\/\">\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=Wall Street heavyweights warn of impacts of war on struggling global economy&url=https:\/\/enterpriseam.com\/egypt\/2023\/11\/07\/wall-street-heavyweights-warn-of-impacts-of-war-on-struggling-global-economy\/\">\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\/07\/wall-street-heavyweights-warn-of-impacts-of-war-on-struggling-global-economy\/&title=Wall Street heavyweights warn of impacts of war on struggling global economy\">\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=Wall+Street+heavyweights+warn+of+impacts+of+war+on+struggling+global+economy+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2023%2F11%2F07%2Fwall-street-heavyweights-warn-of-impacts-of-war-on-struggling-global-economy%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\/07\/wall-street-heavyweights-warn-of-impacts-of-war-on-struggling-global-economy\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/334.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"609563\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/07\/wall-street-heavyweights-warn-of-impacts-of-war-on-struggling-global-economy\/334-jpg-15\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/334.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"334.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/334.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/334.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-609562\" class=\"content-area-description single-story post-609562 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-capital-markers tag-enterpriseam tag-financial-markets tag-wall-street 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\/.39199ea1-870f-4be7-b71d-699cfc12bfa9.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>For the second time in as many weeks, we bring you a case for cautious optimism about the impact of Israel\u2019s war on our tourism industry. This morning\u2019s issue is also heavy on transport news after day two of TransMEA.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">Before we dive in:<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You don\u2019t need to be a finance bro to read The Fund, a takedown of Bridgewater\u2019s Ray <\/strong><strong>Dalio. <\/strong>Indeed, the <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2023\/11\/06\/books\/review\/the-fund-rob-copeland.html\" style=\"\" rel=\"noopener\">New York Times<\/a> suggests you\u2019ll get plenty out of the book even if you\u2019re just hate-reading it because you\u2019ve had a bad boss or two in life. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The quick take: <\/strong>Dalio \u201cpresided over a professional hellscape.\u201d<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why the book matters: <\/strong>An icon in the hedge fund world, Dalio was famous for his reliance on Bridgewater\u2019s \u201c\u2018investment engine,\u2019 a collection of hundreds of \u2018signals,\u2019 or quantitative indicators that a market was due to rise or fall. Bridgewater rarely revealed any details of these signals, citing competitive pressure, but if they pointed to trouble ahead or even to uncertainty, Bridgewater said it would buy or sell assets accordingly \u2014 even if Mr. Dalio\u2019s own gut might have told him otherwise.\u201d<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The claim: <\/strong>That Bridgewater was a actually a one-man show \u2014 and the only \u201cinvestment engine\u201d was Dalio\u2019s brain, not the team he built. (Also: That he may not have been a super-nice guy in the office.)<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why this matters: <\/strong>Dalio, the author of the much-talked-about (but rarely truly read?) <a target=\"_blank\" href=\"https:\/\/www.amazon.com\/Principles-Life-Work-Ray-Dalio-ebook\/dp\/B071CTK28D\/\" style=\"\" rel=\"noopener\">Principles<\/a>, has been positioning himself as an oracle in recent years, opining on everything from how to deliver world peace to why <a target=\"_blank\" href=\"https:\/\/www.businessinsider.com\/ray-dalio-warning-capitalism-american-dream-inequality-economics-billionaire-2021-2?utm_source=pocket_saves\" style=\"\" rel=\"noopener\">capitalism really needs to change<\/a> even amid a <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2023\/09\/15\/business\/ray-dalio-succession-clash-bridgewater.html\" style=\"\" rel=\"noopener\">succession fight<\/a> at Bridgewater, one of the best-known hedge funds in the industry. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Decide for yourself: <\/strong>You can <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2023\/09\/15\/business\/ray-dalio-succession-clash-bridgewater.html\" style=\"\" rel=\"noopener\">read an excerpt of The Fund<\/a> or <a target=\"_blank\" href=\"https:\/\/www.amazon.com\/Fund-Bridgewater-Associates-Unraveling-Street-ebook\/dp\/B0BST4LN26\/\" style=\"\" rel=\"noopener\">pick up a copy on Kindle here<\/a>. <\/p><hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PSA- Want to fly to London for less than you\u2019d pay a car service to drive you to <\/strong><strong>Gouna? <\/strong><a target=\"_blank\" href=\"https:\/\/www.easyjet.com\/en\/cheap-flights\/cairo-sphinx\/london-luton\" style=\"\" rel=\"noopener\">EasyJet is now running flights three times per week from Sphinx International in Cairo West to Luton<\/a> for (wait for it) GBP 37 to GBP 93. Return fares on the Luton-Cairo West route are running in the GBP 110 range when we checked this morning. Those figures don\u2019t include the usual EasyJet extras, but they mean the baseline for a filght is a price none of us have paid in 20 years.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>HAPPENING TODAY- <\/strong><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>It\u2019s day three of <\/strong><strong><a target=\"_blank\" href=\"https:\/\/trans-mea.com\" style=\"\" rel=\"noopener\">TransMEA 2023<\/a><\/strong><strong> at the Egypt International Exhibition Center<\/strong><strong>:<\/strong> The four-day transport, logistics and infrastructure conference brings together thousands of industry leaders, experts and policymakers to discuss developments in the sector. We\u2019ve got full coverage of yesterday\u2019s events in this morning\u2019s news well below.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>HAPPENING THIS WEEK- <\/strong><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Maait in Istanbul for Turkish-Arab forum:<\/strong> Finance Minister Mohamed Maait <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/tw7mwz5z\" style=\"\" rel=\"noopener\">will be in Turkey<\/a> on Wednesday to attend the Turkish-Arab Economic Forum.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Inflation figures are out soon:<\/strong> Capmas and the Central Bank of Egypt will publish inflation data for October on Thursday, 9 November.<\/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 style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt5\"><\/a><strong>EnviroMin has an ambitious investment target for next year:<\/strong> The Environment Ministry is aiming to attract USD 600 mn in investment into six projects during 2024, <a target=\"_blank\" href=\"https:\/\/twitter.com\/AsharqbEGY\/status\/1721454337220575556?s=20\" style=\"\" rel=\"noopener\">Asharq Business<\/a> reported Environment Minister Yasmine Fouad as saying yesterday. No further details were provided.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember: <\/strong>The ministry is trying to drum up investment for green projects and in September hosted a climate investment forum in partnership with the UN Industrial Development Organization (UNIDO).<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DATA POINT- <\/strong>We reuse a third of our water supplies <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/4dawapew\" style=\"\" rel=\"noopener\">according<\/a> to Water Minister Hani Sewilam, speaking during last week\u2019s Cairo Water Week. Every year, we use 80 bn cubic meters of water, even though we only get 60 bn cubic meters. We bridge the gap by recycling and reusing roughly a third of our water supply.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt5\"><\/a>  <strong>SIGN OF THE TIMES- Egypt wants to barter for Kenyan tea: <\/strong>The Madbouly government is resorting to bartering with Kenya to continue importing black tea in a bid to protect FX reserves, Kenyan Treasury Secretary Njuguna Ndung\u2019u said at a panel yesterday, according to <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-11-06\/short-of-dollars-kenya-says-egypt-asks-to-barter-for-tea\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. \u201cWe\u2019ll get your tea and you also come and decide what you get from us,\u201d Egypt\u2019s ambassador to Kenya Wael Attiya is reported to have told the Kenyan government, according to the Kenyan official. This offer comes as the East African country is facing its own FX crunch, which <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/currencies\/kenyan-shilling-dips-record-low-2023-10-16\/\" style=\"\" rel=\"noopener\">pushed the KES<\/a> to record lows against the USD.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>FYI-<\/strong> Egypt is the second-biggest buyer of Kenyan tea in the world. Its imports were down 23% y-o-y during the first eight months of the year.<\/p><hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>HELP GAZA-<\/strong><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to support relief efforts in Gaza, but don\u2019t know how?<\/strong> We\u2019ve got you. More than 1 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.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The folks at Talabat are processing donations for a range of Gaza relief appeals <\/strong>by charities including the Egyptian Food Bank and Misr El Kheir. Pay in EGP using your credit card.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Or check out <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/edition\/am\/f8ce0f50-10c2-4cca-8e6f-64c32a5c90b7\" style=\"\" rel=\"noopener\">our list of charities<\/a><\/strong><strong> to which you can make direct donations<\/strong> via bank deposit and \/ or Fawry.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG STORIES ABROAD-<\/strong><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The war in Gaza continues to dominate the front pages of the world\u2019s business press. <\/strong>We have the latest on the conflict in today\u2019s War Watch, below. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Running a close second: The 2024 US election cycle. <\/strong>Donald Trump, the presumptive Republican nominee, is polling ahead of Joe Biden in five of six battleground states, according to the <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2023\/11\/05\/us\/politics\/biden-trump-2024-poll.html\" style=\"\" rel=\"noopener\">New York Times<\/a>. That\u2019s setting up what the <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/politics\/elections\/how-the-2024-election-could-be-the-closest-in-a-generation-98bcf1d9\" style=\"\" rel=\"noopener\">WSJ<\/a> claims could be the \u201cclosest election in a generation\u201d \u2014 and has the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/40d7e543-dc96-47f8-b673-4ce4bbc60f26\" style=\"\" rel=\"noopener\">Financial Times<\/a> suggestion on its front page that \u201cTrump leads in 2024 polls as fears over war and economy hurt Biden.\u201d <strong>Voters go to the polls in just under a year<\/strong>, casting their ballots on Tuesday, 5 November. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You can now create your very own chatbot: <\/strong>ChatGPT parent company OpenAI is allowing its Plus and Enterprise users to create customized AI bots dubbed GPTs to take on specific tasks, the company said in <a target=\"_blank\" href=\"https:\/\/openai.com\/blog\/introducing-gpts\" style=\"\" rel=\"noopener\">a statement<\/a> yesterday. The company also <a target=\"_blank\" href=\"https:\/\/openai.com\/blog\/new-models-and-developer-products-announced-at-devday\" style=\"\" rel=\"noopener\">unveiled<\/a> a more knowledgeable and cheaper AI model for developers called GPT-4 Turbo. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/technology\/openai-enables-customized-gpt-bots-offers-cheaper-more-powerful-models-2023-11-06\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-11-06\/openai-lets-users-make-custom-versions-of-chatgpt?srnd=technology-vp\" style=\"\" rel=\"noopener\">Bloomberg<\/a> <strong> | <\/strong><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/4d7ca40a-41b5-42c1-8388-84e0fd1eea0e\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2023\/11\/06\/technology\/openai-custom-chatgpt.html\" style=\"\" rel=\"noopener\">New York Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/business\/2023\/11\/06\/chatgpt-openai-tech-showcase\/7b091e0a-7cb9-11ee-b5cc-66c30a3bbb91_story.html\" 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>The fight is on: <\/strong>The announcements come a day after X owner Elon Musk <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/39dc4a75-8ed5-46ed-a296-30a40cf2f166\" style=\"\" rel=\"noopener\">launched his AI<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/39dc4a75-8ed5-46ed-a296-30a40cf2f166\" style=\"\" rel=\"noopener\">chatbot Grok<\/a>. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Google is on trial again:<\/strong> A jury in a San Francisco federal court yesterday kicked off a month-long trial against Google after Epic Games \u2014 the video game creator behind Fortnite \u2014 filed a lawsuit accusing the tech giant of violating federal antimonopoly law. Epic is accusing Google of monopolizing the Android app market by forcing developers to use its own payment system and charging excessive fees on Google Play. The lawsuit comes while Google is already engulfed in the biggest U.S. <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4398e80d-079f-43a3-ad44-a272c97fcc9e\" style=\"\" rel=\"noopener\">antitrust trial<\/a> in a quarter-century over its alleged monopolization of the online search and advertising markets. (<a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/google-epic-games-app-store-antitrust-trial-75d18d01f96c40c7b52a042efdc2a114\" style=\"\" rel=\"noopener\">Associated Press<\/a> | <a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/technology\/2023\/11\/06\/epic-google-antitrust-trial-play-store\/\" style=\"\" rel=\"noopener\">Washington Post<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2023\/11\/05\/business\/google-epic-antitrust-trial.html\" style=\"\" rel=\"noopener\">New York Times<\/a>)<\/p><div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br>\n  <\/h4>\n<\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>\n <\/p><\/div>\n<\/div>\n<\/div><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MARKET WATCH-<\/strong><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>Geopolitical uncertainty stokes concern of a global recession among Wall Street <\/strong><strong>players<\/strong><strong>:<\/strong> \u201cRising fear\u201d stemming from Israel\u2019s war on Gaza and the war in Ukraine could push an already-struggling world economy \u201calmost to a whole new future,\u201d said Larry Fink, CEO of world\u2019s biggest asset manager BlackRock, in an <a target=\"_blank\" href=\"https:\/\/www.thetimes.co.uk\/article\/two-wall-street-titans-on-why-the-world-is-at-its-most-precarious-since-1938-kp5tth208\" style=\"\" rel=\"noopener\">interview<\/a> with the Sunday Times. The impact on energy markets, food prices, international trade, and diplomacy was \u201cquite scary and unpredictable,\u201d echoed Jamie Dimon, chair of the biggest US bank JP Morgan. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Safe-haven assets love volatility: <\/strong>Gold prices are close to reaching record highs as investors look to more stable investments in the current climate, said Tom Palmer, head of the world\u2019s largest gold mining company Newmont Gold, in an <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/2d284a5d-3ec9-477c-b9c0-805f2e2fd6ec\" style=\"\" rel=\"noopener\">interview<\/a> with the Financial Times. Gold broke the USD 2k \/ oz threshold last week, according to <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-10-27\/gold-hits-2-000-as-israel-hamas-clash-raises-safe-haven-allure\" style=\"\" rel=\"noopener\">Bloomberg<\/a>, nearly reaching its all-time high of USD 2072 recorded during August 2020 on the back of economic shutdowns from covid.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/\" style=\"\" rel=\"noopener\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/enterprise.press\/wp-content\/uploads\/2021\/03\/INFINITY-Top-banner-EN-1600x675-v2-02.png\"><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>*** It\u2019s Going Green day \u2014 your weekly briefing of all things green in Egypt:<\/strong> Enterprise\u2019s green economy vertical focuses each Tuesday on the business of renewable energy and sustainable practices in Egypt, everything from solar and wind energy through to water, waste management, sustainable building practices and how you can make your business greener, whatever the sector.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In today\u2019s issue: <\/strong>How startup accelerators are supporting our green startup ecosystem<\/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\/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\/wall-street\/\">Wall Street<\/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=\"609564 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=\"609564\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/07\/609564\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-609564\" class=\"content-area-description single-story post-609564 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.somabayholidays.com\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/306.jpg?ssl=1\"><\/a><\/span><\/p><div class=\"grouped-tags\">\n<p><span>Discover your dream vacation: handpicked villas, chalets and apartments for your perfect getaway \u2014 let us make your winter sunshine escape unforgettable. For more information and booking inquiries, please call +201556005693, email us at <\/span><span>info@stayr.somabay.com<\/span><span>, or visit our website <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"http:\/\/www.somabayholidays.com\" style=\"\">www.somabayholidays.com<\/a><\/span><span>.<\/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=\"609565\" 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=\"609565\">\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\">Tourism<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/07\/were-on-track-to-meet-tourism-targets-despite-gaza-war-says-issa\/\">\r\n                            Egypt on track to meet tourism targets despite Gaza war -tourism minister                        <\/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\/07\/were-on-track-to-meet-tourism-targets-despite-gaza-war-says-issa\/\" 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\/07\/were-on-track-to-meet-tourism-targets-despite-gaza-war-says-issa\/')\">\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\/07\/were-on-track-to-meet-tourism-targets-despite-gaza-war-says-issa\/\">\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=We\u2019re on track to meet tourism targets despite Gaza war, says Issa&url=https:\/\/enterpriseam.com\/egypt\/2023\/11\/07\/were-on-track-to-meet-tourism-targets-despite-gaza-war-says-issa\/\">\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\/07\/were-on-track-to-meet-tourism-targets-despite-gaza-war-says-issa\/&title=We\u2019re on track to meet tourism targets despite Gaza war, says Issa\">\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=We%E2%80%99re+on+track+to+meet+tourism+targets+despite+Gaza+war%2C+says+Issa+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2023%2F11%2F07%2Fwere-on-track-to-meet-tourism-targets-despite-gaza-war-says-issa%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\/07\/were-on-track-to-meet-tourism-targets-despite-gaza-war-says-issa\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/324.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"609566\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/07\/were-on-track-to-meet-tourism-targets-despite-gaza-war-says-issa\/324-jpg-19\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/324.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"324.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/324.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/324.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-609565\" class=\"content-area-description single-story post-609565 post type-post status-publish format-standard has-post-thumbnail hentry category-tourism tag-ahmed-issa tag-economy tag-enterpriseam tag-israel-palestine-conflict tag-tourism tag-tourism-and-antiquities-ministry wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/11\/.43d76fac-9119-44d5-8aa0-0b4864e6f5bb.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Issa sounds positive note on tourism despite Gaza war uncertainty:<\/strong> Egypt is on track to meet its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/17592ef1-2055-49cb-94c1-4ab525d57ba5\" style=\"\" rel=\"noopener\">target<\/a> of attracting 15 mn tourists this year despite the impact of the war in Gaza \u2014 and is introducing new incentives to support tourism in South Sinai, Tourism Minister Ahmed Issa said in an interview with <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/africa\/egypt-moves-shore-up-tourism-sector-shadow-gaza-war-2023-11-06\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Refresher:<\/strong><\/p>\n<ul>\n<li><strong>2023 has been a boom year for Egyptian tourism:&nbsp;<\/strong>Tourism \u2014 which is our largest source of foreign currency and either directly or indirectly supports one in every seven jobs in the country \u2014 had been experiencing something of a boom prior to 7 October. Revenues from tourism hit record highs in 3Q 2023 and tourism arrivals reached 11 mn in 7M 2023.<\/li>\n<li><strong>The mood changed on 7 October. <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ce8042e2-3a79-4a84-9714-3073da3c349c\" style=\"\" rel=\"noopener\">As we reported last week<\/a>, the market for regional package tours dried up alongside the Israeli tourism market, setting up a month that officials thought would be c. 10% ahead of last year\u2019s figure \u2014 but 15% short of the Tourism Ministry\u2019s target. <\/li>\n<li><strong>Prime Minister Moustafa Madbouly <\/strong><strong><a target=\"_blank\" href=\"https:\/\/cabinet.gov.eg\/News\/Details\/73122\" style=\"\" rel=\"noopener\">warned yesterday<\/a><\/strong> of the war\u2019s potential impact on tourism during a meeting with ministers and central bank officials yesterday. <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Much of the fallout has been contained, says Issa:<\/strong> Less than 10% of bookings have been canceled since the war started more than four weeks ago, and tourist numbers were up 7% y-o-y in the year through to the end of October, thanks to higher arrivals from Germany and China, the minister said, speaking on the sidelines of a travel industry fair in London. Egypt welcomed 1.3 mn tourists this October, up 8% on the same month last year, <a target=\"_blank\" href=\"https:\/\/twitter.com\/AsharqbEGY\/status\/1721544717869941167\" style=\"\" rel=\"noopener\">Asharq Business<\/a> quoted him as saying.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The government is stepping up incentives:<\/strong> Egypt will offer package holiday companies an additional USD 500 per chartered flight landing in Sharm El Sheikh, which has raised the most concern among holidaymakers owing to its proximity to Gaza, Issa told Reuters. Egypt currently offers companies a subsidy <a target=\"_blank\" href=\"https:\/\/enterprise.press\/stories\/2022\/03\/23\/charter-flight-incentives-extended-until-october-contractors-on-state-project-get-two-month-buffer-on-late-projects-67464\/\" style=\"\" rel=\"noopener\">between USD 1.3k and USD 3.5k<\/a> when charter flights meet a certain occupancy rate, as an incentive for companies to attract higher footfall to the country. This policy was extended in 2022 and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f47e4430-cd72-4219-8560-5e3dd6b26c1e\" style=\"\" rel=\"noopener\">again<\/a> this year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>That\u2019s not all:<font face=\"Arial\">&nbsp;<\/font><\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ce8042e2-3a79-4a84-9714-3073da3c349c\/October%20tourism%20arrivals%20on%20track%20to%20close%20up%2010%25%20despite%20war%3B%20officials%20aim%20to%20keep%20airlines%20and%20operators%20engaged%20with%20incentives%20%2B%20marketing%20spend\" style=\"\" rel=\"noopener\">We were told<\/a> last week that senior government officials have begun damage control with several new responses to the crisis, which include convening a forum for key industry players, regulators and industry associations to put heads together, alongside increased marketing spend and allocations for familiarization tours by global tour operators.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We\u2019re more vulnerable than other MENA countries:&nbsp;<\/strong><a target=\"_blank\" href=\"https:\/\/www.spglobal.com\/ratings\/en\/research\/articles\/231106-mena-tourism-likely-to-take-a-hit-from-israel-hamas-war-12904008\" style=\"\" rel=\"noopener\">S&amp;P Global<\/a> yesterday named Egypt, Lebanon, and Jordan as those whose tourism sectors are most likely to suffer as a result of regional conflict \u2014 but the loss of USD weighs harder on Egypt\u2019s economy, given our dwindling FX reserves and upcoming debt payments. Tourism revenue losses of 10-30% \u201ccould cost the country 4-11% of foreign exchange reserves,\u201d the report warns.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ahmed-issa\/\">Ahmed Issa<\/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\/israel-palestine-conflict\/\">Israel-Palestine conflict<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism-and-antiquities-ministry\/\">Tourism and Antiquities Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"609567\" 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                            \"\r\n            id=\"609567\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/07\/chinese-firms-eye-big-rail-infrastructure-contracts-in-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/319.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"609568\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/07\/chinese-firms-eye-big-rail-infrastructure-contracts-in-egypt\/319-jpg-17\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/319.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"319.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/319.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/319.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-609567\" class=\"content-area-description single-story post-609567 post type-post status-publish format-standard has-post-thumbnail hentry category-uncategorized tag-egyptian-national-railways tag-enterpriseam tag-high-speed-rail tag-metro-line-4 tag-railways tag-transport tag-transport-ministry wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/11\/.57d141e8-becd-44b4-bbfc-c4bfb51ad870.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Planes, (a lot of) trains, and automobiles: <\/strong>Two days into the ongoing <a target=\"_blank\" href=\"https:\/\/trans-mea.com\/\" style=\"\" rel=\"noopener\">TransMEA 2023<\/a> industry event in Cairo, the state-run <strong>National Authority For Tunnels<\/strong> (NAT) has already signed a heap of contracts, framework agreements, and MoUs with Chinese, European, and local companies, the Transport Ministry said in <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/3a8wuhj8\" style=\"\" rel=\"noopener\">a statement<\/a> yesterday. <strong>Chinese firms<\/strong> seem to be set to continue spearheading much of our <strong>light-rail transit<\/strong> (LRT) project, <strong>Orascom Construction<\/strong> was chosen to help build a section of Metro Line 4, and the Madbouly government\u2019s bid to <strong>localize manufacturing<\/strong> seem to be chugging along.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- LIGHT RAIL- All aboard the LRT:<\/strong> AVIC International Holding Corporation (AVIC INTL) and China Railway Major Bridge Engineering Group Co. inked a framework agreement to design and construct in collaboration with local subcontractors the 16-km fourth phase of Cairo\u2019s LRT project that will extend the route into Tenth of Ramadan City. The value of the contract for the fourth phase will be the same as for the third phase contract, the statement said, without providing further details. AVIC \u2014 the main contractor for the LRT project \u2014 also signed an MoU for the fifth phase of the project that will reach into the new capital as well as an MoU for an light electric train that will link Al Rehab to the new capital.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember: <\/strong>AVIC has <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/89cb9259-bf42-42bc-acdb-354768318727\" style=\"\" rel=\"noopener\">spearheaded<\/a> the construction of the LRT from the start and has been working alongside a number of local contractors including Hassan Allam Holding, Orascom Construction, Concord, Arab Contractors, General Nile Company for Roads and Bridges, Egyptian Company for Maintenance of Roads and Airports, and Petrojet. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- HIGH SPEED RAIL- We may be getting a new high-speed rail line between Port Said and Abu Qir: <\/strong>Egypt-focused contractor <a target=\"_blank\" href=\"https:\/\/eldidigroup.com\/\" style=\"\" rel=\"noopener\">El Didi Group<\/a> and the Chinese Railway Group Limited (CREC) inked an MoU for a planned 250-km long high-speed rail line between Port Said and Abu Qir. The project will be carried out under a built-operate-transfer agreement, and the financing will be arranged by the contractors rather than the state, the statement said. No further details were provided<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>D\u00e9j\u00e0 vu? <\/strong>Almost exactly a year ago, El Didi Group <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/8e508f83-608d-4714-adbd-7ebd3c906e9a\" style=\"\" rel=\"noopener\">signed a similar MoU<\/a>, which fell through due to changes in the financing arrangement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO-<\/strong> A number of local and international companies signed contracts to design, supply, and install the electromechanical systems for the 1.8k km national <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/686892bd-009b-4ce6-a9af-bdc0c50ec61f\" style=\"\" rel=\"noopener\">h<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/686892bd-009b-4ce6-a9af-bdc0c50ec61f\" style=\"\" rel=\"noopener\">igh-speed rail<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/686892bd-009b-4ce6-a9af-bdc0c50ec61f\" style=\"\" rel=\"noopener\">project<\/a> led by Siemens.<\/p>\n<ul>\n<li>Orascom Construction, Elsewedy Electric and Arab Contractors secured the contract for the first line running between Ain Sokhna and Marsa Matrouh.<\/li>\n<li>Siemens Mobility, Orascom Construction, and Arab Contractors will install the systems for the second Sixth of October-Aswan line and the third Hurghada-Luxor line.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- METRO- Orascom Construction on board for Metro Line 4:<\/strong> Orascom Construction inked a contract to build the civil works for the stretch of Metro Line 4 between Giza and Fustat, it said in <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/11\/312.pdf\" style=\"\" rel=\"noopener\">a statement (pdf)<\/a>. Details of the cost and terms of the contract were not disclosed, but the company said that a large part of the project will receive funding from the Japan International Cooperation Agency, which <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/dbf1a575-7088-4942-9f30-c778533dba54\" style=\"\" rel=\"noopener\">committed<\/a> USD 733 mn to the project in April. The 40+ km line will connect Sixth of October to New Cairo and is expected to take six years to build. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- Local manufacturing also got another boost: <\/strong>The Egyptian Railways Authority inked a terms and conditions agreement with the Egyptian National Railway Industries Company (NERIC) to assemble 500 rolling stock, along with their maintenance and spare parts, over the span of 15 years, a <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/yy6f6huw\" style=\"\" rel=\"noopener\">second statement<\/a> from the Transport Ministry said. NERIC also linked up with Spain\u2019s CBS group through its subsidiary GTS to set up a local manufacturing plant for signaling devices.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egyptian-national-railways\/\">Egyptian National Railways<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/high-speed-rail\/\">high-speed rail<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/metro-line-4\/\">Metro Line 4<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/railways\/\">railways<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/transport\/\">transport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/transport-ministry\/\">Transport Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"609569\" 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=\"609569\">\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\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/07\/united-banks-united-finance-closes-egp-617-5-mn-securitization\/\">\r\n                            United Bank\u2019s United Finance closes EGP 617.5 mn securitization                        <\/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\/07\/united-banks-united-finance-closes-egp-617-5-mn-securitization\/\" 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\/07\/united-banks-united-finance-closes-egp-617-5-mn-securitization\/')\">\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\/07\/united-banks-united-finance-closes-egp-617-5-mn-securitization\/\">\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=United Bank\u2019s United Finance closes EGP 617.5 mn securitization&url=https:\/\/enterpriseam.com\/egypt\/2023\/11\/07\/united-banks-united-finance-closes-egp-617-5-mn-securitization\/\">\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\/07\/united-banks-united-finance-closes-egp-617-5-mn-securitization\/&title=United Bank\u2019s United Finance closes EGP 617.5 mn securitization\">\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=United+Bank%E2%80%99s+United+Finance+closes+EGP+617.5+mn+securitization+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2023%2F11%2F07%2Funited-banks-united-finance-closes-egp-617-5-mn-securitization%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\/07\/united-banks-united-finance-closes-egp-617-5-mn-securitization\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/80.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"609570\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/07\/united-banks-united-finance-closes-egp-617-5-mn-securitization\/80-jpg-21\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/80.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"80.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/80.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/80.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-609569\" class=\"content-area-description single-story post-609569 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-al-ahly-capital-holding tag-al-ahly-pharos tag-arab-african-international-bank tag-baker-tilly tag-banque-du-caire tag-capital-markets tag-debt-watch tag-dreny-partners tag-enterpriseam tag-national-bank-of-egypt tag-securitization 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\/.03cf2d43-f80b-4cc6-9dd5-ea84a6be0f58.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>United Finance jumps on the securitization bandwagon: <\/strong>United Bank\u2019s financing arm United Finance raised EGP 617.5 mn in a securitized bond issuance, the transaction\u2019s financial advisor Al Ahly Pharos said in <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/11\/288.pdf\" style=\"\" rel=\"noopener\">a statement (pdf)<\/a> yesterday. Al Ahly Pharos Investment Banking, the investment banking arm of the National Bank of Egypt\u2019s Al Ahly Capital Holding, said that the bond was backed by a EGP 993 mn portfolio of leasing contracts.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DATA POINT-<\/strong> Egyptian companies have issued more than EGP 61.2 bn of securitized bonds so far this year, according to data tracked by Enterprise. That\u2019s almost 35% more than what was taken to market across the whole of 2022 and more than three times the volumes in 2021.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> The United Finance bond was split into three tranches rated AA+, AA, and A by the Middle East Rating Services (MERIS).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The buyers: <\/strong>Al Ahly Pharos, the National Bank of Egypt, Banque du Caire (BdC), and Arab African International Bank (AAIB) acted as underwriters on the transaction.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Advisors:<\/strong> Al Ahly Pharos was the lead manager and arranger on the transaction, while AAIB acted as the custodian and BdC as placement agent. Dreny & Partners as legal advisor, and Baker Tilly Egypt as the transaction\u2019s auditor. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/al-ahly-capital-holding\/\">Al Ahly Capital Holding<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/al-ahly-pharos\/\">Al Ahly Pharos<\/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\/baker-tilly\/\">Baker Tilly<\/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\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt-watch\/\">debt watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/dreny-partners\/\">Dreny &amp; Partners<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/national-bank-of-egypt\/\">National Bank of Egypt<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"609571 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=\"609571\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/07\/609571\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-609571\" class=\"content-area-description single-story post-609571 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:\/\/efghldg.com\/en\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/ads\/imgs\/101.jpg?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"609572\" 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=\"609572\">\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\">WAR WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/07\/eight-countries-have-now-downgraded-ties-with-israel-as-war-on-gaza-rages-on\/\">\r\n                            Eight countries have now downgraded ties with Israel as war on Gaza rages on                        <\/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\/07\/eight-countries-have-now-downgraded-ties-with-israel-as-war-on-gaza-rages-on\/\" 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\/07\/eight-countries-have-now-downgraded-ties-with-israel-as-war-on-gaza-rages-on\/')\">\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\/07\/eight-countries-have-now-downgraded-ties-with-israel-as-war-on-gaza-rages-on\/\">\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=Eight countries have now downgraded ties with Israel as war on Gaza rages on&url=https:\/\/enterpriseam.com\/egypt\/2023\/11\/07\/eight-countries-have-now-downgraded-ties-with-israel-as-war-on-gaza-rages-on\/\">\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\/07\/eight-countries-have-now-downgraded-ties-with-israel-as-war-on-gaza-rages-on\/&title=Eight countries have now downgraded ties with Israel as war on Gaza rages on\">\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=Eight+countries+have+now+downgraded+ties+with+Israel+as+war+on+Gaza+rages+on+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2023%2F11%2F07%2Feight-countries-have-now-downgraded-ties-with-israel-as-war-on-gaza-rages-on%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\/07\/eight-countries-have-now-downgraded-ties-with-israel-as-war-on-gaza-rages-on\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/316.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"609573\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/07\/eight-countries-have-now-downgraded-ties-with-israel-as-war-on-gaza-rages-on\/316-jpg-18\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/316.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"316.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/316.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/316.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-609572\" class=\"content-area-description single-story post-609572 post type-post status-publish format-standard has-post-thumbnail hentry category-war-watch tag-antony-blinken tag-enterpriseam tag-israel tag-israel-palestine-conflict tag-palestine 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\/.28336475-9dc1-4caf-9825-0efa05d23718.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Blinken leaves the region empty-handed:<\/strong> US Secretary of State Antony Blinken ended three days of shuttle diplomacy in the region no closer to a consensus about the best way forward in Israel\u2019s brutal war on Gaza, which has now killed at least 10k Palestinians, nearly half of them children. The Arab world continues to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3ede013c-fc28-4c62-848f-6b039c085c15\" style=\"\" rel=\"noopener\">demand an immediate, unconditional ceasefire<\/a>, Israel is refusing to dial back its bombing campaign or postpone its ground offensive, Hamas still has its hostages, and its allies in Lebanon, Tehran and Sanaa are still threatening to take the conflict regional. A final stop-over in Ankara yesterday for talks with the Turkish foreign minister <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/blinken-turkey-gaza-israel-hamas-9ff3aae906aaae71613fb2a9afed2bdd\" style=\"\" rel=\"noopener\">doesn\u2019t appear to have achieved much<\/a>, either. It\u2019s now over to CIA Director William Burns, <a target=\"_blank\" href=\"https:\/\/www.axios.com\/2023\/11\/05\/cia-burns-israel-qatar-egypt-visit-gaza-war\" style=\"\" rel=\"noopener\">who will this week visit<\/a> Israel, Qatar and Egypt to push for the release of the hostages.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cHumanitarian pauses\u201d have become \u201ctactical pauses\u201d:<\/strong> Biden yesterday discussed with Israeli Prime Minister Benjamin Netanyahu implementing \u201ctactical pauses\u201d to allow civilians to flee the fighting and aid to be delivered, the <a target=\"_blank\" href=\"https:\/\/www.whitehouse.gov\/briefing-room\/statements-releases\/2023\/11\/06\/readout-of-president-bidens-call-with-prime-minister-netanyahu-of-israel-8\/\" style=\"\" rel=\"noopener\">White House said<\/a> last night. Washington will \u201ccontinue to advocate for temporary localized pauses\u201d and is \u201cactively discussing\u201d the idea with Israeli officials, White House spokesperson John Kirby <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/70d009d9-1bd3-4013-8772-cdc4f5b4bf50\" style=\"\" rel=\"noopener\">told reporters<\/a>. Israel did not publish a readout of the conversation.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The response wasn\u2019t encouraging:<\/strong>Israel may stop the bombing \u201cfor an hour here, an hour there\u201d depending on the circumstances, Netanyahu said in a televised interview with ABC News following his conversation with Biden (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=3TbC_i0rlmM\" style=\"\" rel=\"noopener\">watch, runtime: 9:09<\/a>).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Should Israel defeat Hamas, the occupation forces could be back on the ground in Gaza <\/strong><strong>full-time:<\/strong>\u201cIsrael will for an indefinite period\u201d have overall security responsibility for Gaza following the war \u201cbecause we\u2019ve seen what happens when we don\u2019t have it,\u201d Netanyahu said in the interview (<a target=\"_blank\" href=\"https:\/\/twitter.com\/ABC\/status\/1721649384679506259\" style=\"\" rel=\"noopener\">watch, runtime: 0:30<\/a>).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WHAT THE WORLD IS SAYING-<\/strong><\/p>\n<ul>\n<li><strong>Eight countries have now curbed diplomatic ties with Israel:<\/strong> The South African government has <a target=\"_blank\" href=\"https:\/\/www.sanews.gov.za\/south-africa\/sa-recalls-diplomats-israel-consultation\" style=\"\" rel=\"noopener\">recalled<\/a> its ambassador to Israel due to what the country\u2019s minister in the presidency said were breaches of international law and \u201cgenocidal\u201d airstrikes. Eight countries have now either cut or downgraded ties with Israel, including Jordan which recalled its ambassador last week.<\/li>\n<li><strong>\u201cEnough is enough. This must stop now\u201d:<\/strong> The heads of 18 UN agencies and NGOs have <a target=\"_blank\" href=\"https:\/\/interagencystandingcommittee.org\/about-inter-agency-standing-committee\/statement-principals-inter-agency-standing-committee-situation-israel-and-occupied-palestinian?_gl=1*9ub1qs*_ga*MTQ5NDE4OTU0LjE2OTc5NTgyNzc.*_ga_E60ZNX2F68*MTY5OTI5MzE4NC4zLjAuMTY5OTI5MzE4NC42MC4wLjA.\" style=\"\" rel=\"noopener\">signed a letter<\/a> calling for an immediate humanitarian ceasefire and the release of hostages.<\/li>\n<li><strong>UN reiterates genocide warning: <\/strong>\u201cWhat\u2019s happening in Gaza now must be analyzed critically as genocide,\u201d the UN special rapporteur on the Occupied Palestinian Territories, Francesca Albanese, <a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/world\/2023\/11\/06\/israel-hamas-war-gaza-news-palestine\/#link-N22FS7FK2NAF7MEEPLOW2JB5RE\" style=\"\" rel=\"noopener\">said<\/a> yesterday. \u2018Racial or ethnic or religious groups are causing mass harm \u2026 and creating living conditions that might lead to the destruction of the group in total.\u201d <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ON THE GROUND- <\/strong>Israeli forces have begun to advance into Gaza City, having completely surrounded the urban center a few days ago. There remains little on-the-ground reporting about the course of the fighting, and neither the IDF or Hamas have released updated casualty figures.<\/p>\n<ul>\n<li><strong>The death toll:<\/strong> The death toll from Israeli strikes in Gaza has risen to at least 10,022, including 4,104 children, Gaza\u2019s Health Ministry <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/pressure-israel-over-civilians-steps-up-ceasefire-calls-rebuffed-2023-11-06\/\" style=\"\" rel=\"noopener\">said<\/a> yesterday.<\/li>\n<li><strong>Aid continues to trickle into Gaza:<\/strong>Fifty trucks of aid crossed Rafah into Gaza yesterday, Al Qahera News reported yesterday (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=Q_Up7EBFcw8\" style=\"\" rel=\"noopener\">watch, runtime: 0:40<\/a>). This is just 10% of the 500 trucks that entered the strip every day prior to the war.<\/li>\n<li><strong>The \u201cdeadliest\u201d war in history for UN aid workers:<\/strong> That\u2019s according to <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/global-development\/2023\/nov\/06\/israel-hamas-war-deadliest-for-un-aid-workers-agency-leaders-ceasefire-call#:~:text=Israel%2DHamas%20war%20is%20deadliest,with%20at%20least%2088%20killed&text=Global%20development\" style=\"\" rel=\"noopener\">the Guardian<\/a>, which reported yesterday that <a target=\"_blank\" href=\"https:\/\/www.unrwa.org\/resources\/reports\/unrwa-situation-report-23-situation-gaza-strip-and-west-bank-including-east-Jerusalem\" style=\"\" rel=\"noopener\">at least 88 workers<\/a> at the UN\u2019s agency for Palestinian refugees (UNRWA) have died in Israeli airstrikes during the month-long war. The UN said yesterday that another fivehad been <a target=\"_blank\" href=\"https:\/\/www.unrwa.org\/resources\/reports\/unrwa-situation-report-23-situation-gaza-strip-and-west-bank-including-east-Jerusalem\" style=\"\" rel=\"noopener\">killed<\/a> over the previous 24 hours.<\/li>\n<li><strong>Evacuation of foreigners resumes:<\/strong> Tens of foreign nationals left Gaza yesterday after border authorities reopened the Rafah crossing following a two-day suspension, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/pressure-israel-over-civilians-steps-up-ceasefire-calls-rebuffed-2023-11-06\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported, citing three Egyptian security sources. Hamas had <a target=\"_blank\" href=\"https:\/\/www.barrons.com\/news\/gaza-evacuations-of-injured-foreigners-suspended-for-2nd-day-c3d06a01\" style=\"\" rel=\"noopener\">prevented<\/a> foreign nationals from leaving the territory after Israel began blocking wounded Gazans from receiving treatment in Egypt. Canadians are among those being allowed to leave today, Canada\u2019s <a target=\"_blank\" href=\"https:\/\/www.cbc.ca\/news\/canada\/canadians-gaza-gac-1.7020481\" style=\"\" rel=\"noopener\">CBC<\/a> reports. <\/li>\n<li><strong>A few more Palestinians were allowed through:<\/strong>Another 17 injured Palestinians were allowed to cross the border into Egypt for medical treatment yesterday, the <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/4xnfd8pk\" style=\"\" rel=\"noopener\">Egyptian Health Ministry<\/a> said last night.<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/antony-blinken\/\">Antony Blinken<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/israel\/\">Israel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/israel-palestine-conflict\/\">Israel-Palestine conflict<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/palestine\/\">Palestine<\/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=\"609574\" 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=\"609574\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">LEGISLATION WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/07\/new-vat-on-cigarettes-gets-final-sign-off\/\">\r\n                            New VAT on cigarettes gets final sign off                        <\/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\/07\/new-vat-on-cigarettes-gets-final-sign-off\/\" 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\/07\/new-vat-on-cigarettes-gets-final-sign-off\/')\">\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\/07\/new-vat-on-cigarettes-gets-final-sign-off\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=New VAT on cigarettes gets final sign off&url=https:\/\/enterpriseam.com\/egypt\/2023\/11\/07\/new-vat-on-cigarettes-gets-final-sign-off\/\">\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\/07\/new-vat-on-cigarettes-gets-final-sign-off\/&title=New VAT on cigarettes gets final sign off\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=New+VAT+on+cigarettes+gets+final+sign+off+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2023%2F11%2F07%2Fnew-vat-on-cigarettes-gets-final-sign-off%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\/07\/new-vat-on-cigarettes-gets-final-sign-off\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/331.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"609575\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/07\/new-vat-on-cigarettes-gets-final-sign-off\/331-jpg-17\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/331.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"331.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/331.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/331.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-609574\" class=\"content-area-description single-story post-609574 post type-post status-publish format-standard has-post-thumbnail hentry category-legislation-watch tag-eastern-company tag-enterpriseam tag-legislation-watch tag-tax tag-tobacco 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\/.9c33120f-2086-427d-982b-560f4e45a654.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Cigarette tax hike gets signoff from up top<\/strong>: The new VAT law on cigarettes, which adds EGP 0.50 to all tobacco products including heated tobacco products and liquid tobacco, was passed into law yesterday, according to a decision published in the Official Gazette. The tax is expected to raise <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/16f18ec2-6328-4d7a-9884-e76a29c1170b\" style=\"\" rel=\"noopener\">some EGP 8 bn<\/a>, according to House Planning and Budget Committee head Fakhri El Fiqi. MPs passed the draft amendment last week. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The official line is that the tax will somehow help stabilize the market.<\/strong>Retailers have been selling smokes far above the sticker price as supply has contracted. (Blame rising production costs and the FX crunch for poor supply.) The extra tax receipts will (somehow) help manufacturers shoulder the costs and increase production, the head of the Federation of Egyptian Industries\u2019 tobacco division, Ibrahim Imbaby, said on Alaa Maso\u2019uleety last night (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=vruz7Qm4zOo\" style=\"\" rel=\"noopener\">watch, runtime: 10:40<\/a>). We\u2019re not entirely sure how that works \u2014 we\u2019re looking into it and would love to hear from anyone with an explanation of how a new tax will help funnel cash into the coffers of manufacturers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>FX from Eastern Company\u2019s new Emirati investor is also helping: <\/strong>State-owned tobacco manufacturer Eastern Company \u2014 which produces most of the country\u2019s cigarettes, and which has felt pressure from the FX crunch and soaring inflation \u2014 received an injection of USD after <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2faf2678-e1de-4680-a046-b73c3abab8df\" style=\"\" rel=\"noopener\">selling a significant minority stake<\/a> to an Emirati investor in September, which has also supported production costs, Imbaby said.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/eastern-company\/\">Eastern Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/legislation-watch\/\">Legislation Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tax\/\">tax<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tobacco\/\">tobacco<\/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=\"609576\" 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=\"609576\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">Moves<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/07\/standard-chartered-names-first-egypt-ceo\/\">\r\n                            Standard Chartered names Mohammed Gad as first Egypt CEO                        <\/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\/07\/standard-chartered-names-first-egypt-ceo\/\" 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\/07\/standard-chartered-names-first-egypt-ceo\/')\">\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\/07\/standard-chartered-names-first-egypt-ceo\/\">\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=Standard Chartered names first Egypt CEO&url=https:\/\/enterpriseam.com\/egypt\/2023\/11\/07\/standard-chartered-names-first-egypt-ceo\/\">\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\/07\/standard-chartered-names-first-egypt-ceo\/&title=Standard Chartered names first Egypt CEO\">\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=Standard+Chartered+names+first+Egypt+CEO+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2023%2F11%2F07%2Fstandard-chartered-names-first-egypt-ceo%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\/07\/standard-chartered-names-first-egypt-ceo\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/297.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"609577\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/07\/standard-chartered-names-first-egypt-ceo\/297-jpg-19\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/297.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"297.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/297.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/297.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-609576\" class=\"content-area-description single-story post-609576 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-banking tag-enterpriseam tag-mohammed-gad tag-moves tag-standard-chartered 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\/.456bcd5a-6e44-4904-b7b2-a59c1c5522d6.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Standard Chartered now has an Egypt CEO: <\/strong>British multinational lender Standard Chartered named Mohammed Gad as the CEO of Standard Chartered Egypt, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/11\/287.pdf\" style=\"\" rel=\"noopener\">a press release (pdf)<\/a>. Gad has more than 22 years of experience in the industry, and previously headed the bank\u2019s branch in Qatar. Before joining Standard Chartered in 2012, Gad also held senior positions at Mashreq Bank and Arab Bank.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mohammed-gad\/\">Mohammed Gad<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/moves\/\">moves<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/standard-chartered\/\">Standard Chartered<\/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=\"609578 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=\"609578\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/07\/609578\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-609578\" class=\"content-area-description single-story post-609578 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.sodic.com\/SodicSignatureCommunities#THEESTATESResidences\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/415.jpg?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"609579\" 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=\"609579\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">LAST NIGHT\u2019S TALK SHOWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/07\/how-will-israels-war-on-gaza-impact-the-local-tourism-industry\/\">\r\n                            How will Israel\u2019s war on Gaza impact the local tourism industry?                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/07\/how-will-israels-war-on-gaza-impact-the-local-tourism-industry\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2023\/11\/07\/how-will-israels-war-on-gaza-impact-the-local-tourism-industry\/')\">\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\/07\/how-will-israels-war-on-gaza-impact-the-local-tourism-industry\/\">\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=How will Israel\u2019s war on Gaza impact the local tourism industry?&url=https:\/\/enterpriseam.com\/egypt\/2023\/11\/07\/how-will-israels-war-on-gaza-impact-the-local-tourism-industry\/\">\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\/07\/how-will-israels-war-on-gaza-impact-the-local-tourism-industry\/&title=How will Israel\u2019s war on Gaza impact the local tourism industry?\">\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=How+will+Israel%E2%80%99s+war+on+Gaza+impact+the+local+tourism+industry%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2023%2F11%2F07%2Fhow-will-israels-war-on-gaza-impact-the-local-tourism-industry%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\/07\/how-will-israels-war-on-gaza-impact-the-local-tourism-industry\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/320.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"609580\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/07\/how-will-israels-war-on-gaza-impact-the-local-tourism-industry\/320-jpg-19\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/320.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"320.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/320.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/320.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-609579\" class=\"content-area-description single-story post-609579 post type-post status-publish format-standard has-post-thumbnail hentry category-last-nights-talk-shows tag-abdel-fattah-el-sisi tag-economy tag-egypt-south-sudan-relations tag-enterpriseam tag-israel-palestine-conflict tag-last-nights-talk-shows tag-middle-east-politics tag-tourism 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\/.6a5e1282-c8f6-4064-bf68-cf0af3d9df50.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How will Israel\u2019s war on Gaza impact the local tourism industry?<\/strong> That was the key question posed on the talk shows last night \u2014 and \u201cdon\u2019t worry\u201d was the key message:<\/p>\n<ul>\n<li><strong>The Tourism Promotion Board:<\/strong> \u201cEver since the war broke out, we have been in contact with tourism partners to ensure that our tourism markets know that the situation in Egypt is stable \u2026 we saw more tourists come in during October than we did during the same period last year,\u201d Tourism Promotion Board chief Amr El Kady told El Hekaya\u2019s Amr Adib (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=NuUVDQnMdtU\" style=\"\" rel=\"noopener\">watch, runtime: 4:52<\/a>). Last week alone we saw five flight operators announce new routes to Egypt, he added. <\/li>\n<li><strong>The House Tourism Committee: <\/strong>Although the conflict has \u201cdefinitely affected\u201d tourism numbers, the outlook for next year is stable with reservations in January and February remaining unchanged, committee chair Nora Ali told Kelma Akhira\u2019s Lamees El Hadidi (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=KFYqkqb9Dww\" style=\"\" rel=\"noopener\">watch, runtime: 4:58<\/a>).<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** Tourism Minister Ahmed Issa spoke to Reuters on the issue.<\/strong> We have coverage in the news well, above. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt wants to take in more wounded Palestinians, Health Ministry says:<\/strong> Kelma Akhira picked up the Health Ministry\u2019s announcement that another 17 injured Palestinians crossed the border into Egypt for medical treatment yesterday (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=2OuM65uRoCg\" style=\"\" rel=\"noopener\">watch, runtime: 2:06<\/a>). \u201cWe are prepared to take in and treat all kinds of illnesses and injuries \u2026 we are trying and we\u2019re taking in all the cases that cross the border,\u201d Health Ministry spokesperson Hossam Abdel Ghaffar told El Hadidi (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=SygSKOqJzcA\" style=\"\" rel=\"noopener\">watch, runtime: 4:32<\/a>). \u201cOur hospitals are prepared to take in much more than the 17 Palestenians who arrived today.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WHO calls for humanitarian ceasefire:<\/strong>\u201cWe need the international community and international leaders to pressure the Israeli government to ensure the safe passage of aid to Gaza,\u201d World Health Organization spokesperson Christian Lindmeier told El Hadidi (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=DiICIDtVTrk\" style=\"\" rel=\"noopener\">watch, runtime: 3:40<\/a>). \u201cWe have been somewhat successful in delivering aid but we don\u2019t have the necessary capabilities to deliver enough to sustain the people in Gaza.\u201d We have the latest on Gaza in this morning\u2019s War Watch, above.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>El Sisi\u2019s meeting with the president of South Sudan got some airtime: <\/strong>President Abdel Fattah El Sisi yesterday discussed the status of the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d1b88a5e-54fa-4690-9ab6-d91f9a90621c\" style=\"\" rel=\"noopener\">Grand Ethiopian Renaissance Dam (GERD) negotiations<\/a> during a meeting with South Sudanese President Salva Kiir, <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/2jakbrfk\" style=\"\" rel=\"noopener\">Ittihadiya<\/a> said yesterday. The two highlighted the need to reach a binding agreement regarding the filling and operation of the dam. A <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d1b88a5e-54fa-4690-9ab6-d91f9a90621c\/\" style=\"\" rel=\"noopener\">third round of negotiations<\/a> between Egypt, Ethiopia and Sudan wrapped up at the end of the October without signs of a breakthrough. Ala Maso\u2019uleety (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=r3Og-S8NntI\" style=\"\" rel=\"noopener\">watch, runtime: 7:43<\/a>) and Masa\u2019a DMC (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=9QiZWGXbfPc\" style=\"\" rel=\"noopener\">watch, runtime: 1:53<\/a>) had the story. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-south-sudan-relations\/\">Egypt-South Sudan relations<\/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\/last-nights-talk-shows\/\">LAST NIGHT\u2019S TALK SHOWS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/middle-east-politics\/\">Middle East politics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"609581\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 .stk-block-carousel__button svg.ugb-custom-icon :is(g, path, rect, polygon, ellipse){fill:#FFFFFF !important;}<\/style>\r\n                <div class=\"stk-block-carousel__content-wrapper\">\r\n                <div class=\"stk-row stk-inner-blocks stk-block-content stk-block-carousel__slider-wrapper stk-content-align stk-a38cfb2-column alignwide\">\r\n                <div class=\"stk-block-carousel__slider\" role=\"list\" data-autoplay=\"4000\" data-label-slide-of=\"Slide %%d of %%d\">\r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-46c5f99\" data-v=\"4\" data-block-id=\"46c5f99\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-46c5f99-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-46c5f99-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240922.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.hsbc.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27489.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Opening up a world of opportunity<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-l2idxn9\" data-v=\"4\" data-block-id=\"l2idxn9\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-l2idxn9-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-l2idxn9-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240923.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/efghldg.com\/en\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27488.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Realize More<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-p38xbb8\" data-v=\"4\" data-block-id=\"p38xbb8\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-p38xbb8-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-p38xbb8-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240924.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.sodic.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27487.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Live More<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-0g54d9b\" data-v=\"4\" data-block-id=\"0g54d9b\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-0g54d9b-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-0g54d9b-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240925.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/weareinfinity.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/27483.png?fit=300%2C300&#038;ssl=1\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Powering with nature<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-7pyiqum\" data-v=\"4\" data-block-id=\"7pyiqum\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-7pyiqum-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-7pyiqum-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240926.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.qalaaholdings.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/110691.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Driving growth<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-left\" class=\"svg-inline--fa fa-chevron-left\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M34.52 239.03L228.87 44.69c9.37-9.37 24.57-9.37 33.94 0l22.67 22.67c9.36 9.36 9.37 24.52.04 33.9L131.49 256l154.02 154.75c9.34 9.38 9.32 24.54-.04 33.9l-22.67 22.67c-9.37 9.37-24.57 9.37-33.94 0L34.52 272.97c-9.37-9.37-9.37-24.57 0-33.94z\"><\/path><\/svg><\/button><button class=\"stk-block-carousel__button stk-block-carousel__button__next\" aria-label=\"Next slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-right\" class=\"svg-inline--fa fa-chevron-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M285.476 272.971L91.132 467.314c-9.373 9.373-24.569 9.373-33.941 0l-22.667-22.667c-9.357-9.357-9.375-24.522-.04-33.901L188.505 256 34.484 101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg><\/button><\/div><\/div><div class=\"stk-block-carousel__dots\" role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"609582\" 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=\"609582\">\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\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/07\/pico-and-kufpec-want-to-invest-usd-119-5-mn-in-gulf-of-suez-exploration-plus-equinox-ups-stake-in-rameda-uae-embassy-move-power-generator-plant\/\">\r\n                            Pico and Kufpec want to invest USD 119.5 mn in Gulf of Suez exploration. PLUS: Equinox ups stake in Rameda, UAE embassy move, power generator plant                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/07\/pico-and-kufpec-want-to-invest-usd-119-5-mn-in-gulf-of-suez-exploration-plus-equinox-ups-stake-in-rameda-uae-embassy-move-power-generator-plant\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2023\/11\/07\/pico-and-kufpec-want-to-invest-usd-119-5-mn-in-gulf-of-suez-exploration-plus-equinox-ups-stake-in-rameda-uae-embassy-move-power-generator-plant\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2023\/11\/07\/pico-and-kufpec-want-to-invest-usd-119-5-mn-in-gulf-of-suez-exploration-plus-equinox-ups-stake-in-rameda-uae-embassy-move-power-generator-plant\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Pico and Kufpec want to invest USD 119.5 mn in Gulf of Suez exploration. PLUS: Equinox ups stake in Rameda, UAE embassy move, power generator plant&url=https:\/\/enterpriseam.com\/egypt\/2023\/11\/07\/pico-and-kufpec-want-to-invest-usd-119-5-mn-in-gulf-of-suez-exploration-plus-equinox-ups-stake-in-rameda-uae-embassy-move-power-generator-plant\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2023\/11\/07\/pico-and-kufpec-want-to-invest-usd-119-5-mn-in-gulf-of-suez-exploration-plus-equinox-ups-stake-in-rameda-uae-embassy-move-power-generator-plant\/&title=Pico and Kufpec want to invest USD 119.5 mn in Gulf of Suez exploration. PLUS: Equinox ups stake in Rameda, UAE embassy move, power generator plant\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Pico+and+Kufpec+want+to+invest+USD+119.5+mn+in+Gulf+of+Suez+exploration.+PLUS%3A+Equinox+ups+stake+in+Rameda%2C+UAE+embassy+move%2C+power+generator+plant+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2023%2F11%2F07%2Fpico-and-kufpec-want-to-invest-usd-119-5-mn-in-gulf-of-suez-exploration-plus-equinox-ups-stake-in-rameda-uae-embassy-move-power-generator-plant%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/07\/pico-and-kufpec-want-to-invest-usd-119-5-mn-in-gulf-of-suez-exploration-plus-equinox-ups-stake-in-rameda-uae-embassy-move-power-generator-plant\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/332.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"609583\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/07\/pico-and-kufpec-want-to-invest-usd-119-5-mn-in-gulf-of-suez-exploration-plus-equinox-ups-stake-in-rameda-uae-embassy-move-power-generator-plant\/332-jpg-18\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/332.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"332.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/332.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/332.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-609582\" class=\"content-area-description single-story post-609582 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-commodities tag-customized-power-technology-group tag-emx tag-energy tag-enterpriseam tag-equinox tag-gold tag-infrastructure tag-investment-watch tag-kufpec tag-ma-watch tag-manufacturing tag-pico-energy tag-rameda-pharma 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\/.427a84bd-606f-4c8b-9372-9b1424a08a55.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ENERGY-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Pico and Kufpec want to boost investment in oil exploration:<\/strong> Cheiron\u2019s Pico Petroleum and the Kuwait Foreign Petroleum Exploration Company (Kufpec) will invest USD 119.5 mn over the coming five years to increase production at the Geisum and Tawila West concession in the Gulf of Suez, <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2023\/11\/06\/1731509\" style=\"\" rel=\"noopener\">Al Borsa<\/a> wrote citing an Oil Ministry document. The companies also requested that they be given 20-year licenses for the concession, so they continue operating and investing in the area after their current licenses expire in 2027. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Pico and Kufpec are ready to go: <\/strong>MPs last month <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bef1d586-c5e9-4061-a227-b80ecdbff768\" style=\"\" rel=\"noopener\">authorized<\/a> the Oil Ministry to contract the two companies to explore for oil at the concession, whose development lease is 60% owned by Pico and 40% owned by Kufpec.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>M&A WATCH-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Equinox ups stake in Rameda: <\/strong>Rameda Pharma\u2019s largest shareholder, Equinox Pharma, has purchased another 1.71% of the company in the past three months, raising its stake to 18.03%, Rameda said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/11\/327.pdf\" style=\"\" rel=\"noopener\">statement<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/11\/327.pdf\" style=\"\" rel=\"noopener\">(pdf)<\/a> yesterday. Equinox is owned by Compass Investment, which acquired 100% of Rameda in 2011 before listing it on the EGX in 2019. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>INFRASTRUCTURE- <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Emirati embassy will move to the new capital<\/strong>: The UAE has purchased a plot of land in the new capital\u2019s Diplomatic Quarter with the aim of relocating its embassy there, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/11\/314.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MANUFACTURING-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egyptian-owned manufacturer to inaugurate power generator plant before year end: <\/strong><a target=\"_blank\" href=\"https:\/\/cpt-gp.org\/\" style=\"\" rel=\"noopener\">Customized Power<\/a><a target=\"_blank\" href=\"https:\/\/cpt-gp.org\/\" style=\"\" rel=\"noopener\">Technology Group (CPT)<\/a> is building an EGP 500 mn power generator factory in the Tenth of Ramadan under the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/edition\/pm\/8cf331d7-cc12-4042-baf1-7a54eb9cf174\" style=\"\" rel=\"noopener\">National Initiative of Developing Egyptian Industry (Ebda)<\/a>, Chairman and CEO <a target=\"_blank\" href=\"https:\/\/cpt-gp.org\/team-member\/justin-novak\/\" style=\"\" rel=\"noopener\">Adham Abo El Nasr<\/a> told <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/4nxbvd7a\" style=\"\" rel=\"noopener\">Al Mal<\/a>. The plant is expected to go online before the end of 2023, producing 10k generators a year, with plans to increase its annual production capacity to 12k generators by the end of 2024. The company plans to export around 7k power generators a year starting next year, mainly to African and Arab markets. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Two new factories<\/strong><strong> in the pipeline: <\/strong>The company is also working to set up two new <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/2wbje384\" style=\"\" rel=\"noopener\">diesel<\/a><a target=\"_blank\" href=\"https:\/\/tinyurl.com\/2wbje384\" style=\"\" rel=\"noopener\">engine factories<\/a> under Ebda. The first will be inaugurated early 2024 and the second at a later undisclosed date. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s CPT? <\/strong>The Saudi-grown company kicked off operations in 2015 but it was recently acquired by Egyptian investors. The <a target=\"_blank\" href=\"https:\/\/cpt-gp.org\/about-us\/\" style=\"\" rel=\"noopener\">company specializes<\/a> in power generators and hybrid power solutions manufacturing. Its USD 15-mn Badr City factory produces 2k generators annually.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>COMMODITIES-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Supply Ministry will auction off 66 gold bars and 41 silver bars on the Egyptian <\/strong><strong>Mercantile Exchange<\/strong> next Tuesday, <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2023\/11\/06\/1731502\" style=\"\" rel=\"noopener\">Al Borsa<\/a> reported yesterday, citing a ministry official. All the gold put up for auction is government-owned, including that <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/82fbc8a7-a9b3-4462-aceb-cf16c31df19d\" style=\"\" rel=\"noopener\">seized by the Customs Authority<\/a>, Soliman said. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/commodities\/\">commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/customized-power-technology-group\/\">Customized Power Technology Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/emx\/\">EMX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/equinox\/\">Equinox<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gold\/\">gold<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure\/\">infrastructure<\/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\/kufpec\/\">Kufpec<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ma-watch\/\">M&amp;A Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pico-energy\/\">Pico Energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/rameda-pharma\/\">Rameda Pharma<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"609584\" 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=\"609584\">\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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/07\/mena-bond-issuances-tripled-in-value-y-o-y-in-the-first-nine-months-of-2023\/\">\r\n                            MENA bond issuances tripled in value y-o-y in the first nine months of 2023                        <\/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\/07\/mena-bond-issuances-tripled-in-value-y-o-y-in-the-first-nine-months-of-2023\/\" 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\/07\/mena-bond-issuances-tripled-in-value-y-o-y-in-the-first-nine-months-of-2023\/')\">\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\/07\/mena-bond-issuances-tripled-in-value-y-o-y-in-the-first-nine-months-of-2023\/\">\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=MENA bond issuances tripled in value y-o-y in the first nine months of 2023&url=https:\/\/enterpriseam.com\/egypt\/2023\/11\/07\/mena-bond-issuances-tripled-in-value-y-o-y-in-the-first-nine-months-of-2023\/\">\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\/07\/mena-bond-issuances-tripled-in-value-y-o-y-in-the-first-nine-months-of-2023\/&title=MENA bond issuances tripled in value y-o-y in the first nine months of 2023\">\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=MENA+bond+issuances+tripled+in+value+y-o-y+in+the+first+nine+months+of+2023+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2023%2F11%2F07%2Fmena-bond-issuances-tripled-in-value-y-o-y-in-the-first-nine-months-of-2023%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\/07\/mena-bond-issuances-tripled-in-value-y-o-y-in-the-first-nine-months-of-2023\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/323.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"609585\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/07\/mena-bond-issuances-tripled-in-value-y-o-y-in-the-first-nine-months-of-2023\/323-jpg-13\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/323.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"323.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/323.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/323.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-609584\" class=\"content-area-description single-story post-609584 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-bahrain tag-bonds tag-capital-markets tag-china tag-debt-watch tag-enterpriseam tag-federal-reserve tag-financial-markets tag-planet-finance tag-saudi-arabia tag-sukuk tag-uae 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\/.af773769-eedd-48b2-a6ef-1e5e29f9416a.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MENA debt issuances hit USD 61.1 bn in the first nine months of 2023:<\/strong> Debt issuances in the MENA region have nearly tripled in value y-o-y during the first nine months of 2023 to USD 61.1 bn, according to data from the London Stock Exchange Group\u2019s (LSEG) Deals Intelligencereported on by <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/markets\/equities\/value-of-mena-debt-issuances-more-than-double-to-459bln-in-h1-2023-lseg-xp897bqq\" style=\"\" rel=\"noopener\">Zawya<\/a>. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s also been a good nine months for sukuk bonds: <\/strong>The sukuk bonds market registered its highest-ever nine-month period in terms of total value in 2023. The USD 26.1 bn raised accounted for 43% of total bond issuances across the region, up from 38% from the same period last year.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Arabia is leading the bond issuances boom:<\/strong> Saudi Arabia raised 50% of total bond proceeds during the first nine months of the year, followed by the UAE with 32% and Bahrain with 7%.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Government bodies and private sector issuers played an equal part: <\/strong>Issuances from state-related institutions accounted for 44% of the total value recorded, while private financial issuers drummed up 43% of the total amount.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But, figures are still down from 2017 to 2021: <\/strong>Despite the significant uptick in total value from the same period in 2022, figures for the first nine months of this year are still significantly lower than that recorded in the same period from 2017 to 2021.<\/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>Heavy outflows push China to its first-ever foreign investment deficit:<\/strong> China\u2019s direct investment liabilities \u2014 a measure of foreign direct investments that includes foreign companies\u2019 retained earnings \u2014 stood at negative USD 11.8 bn in 3Q 2023, according to the country\u2019s quarterly balance of payments, marking the country\u2019s first quarterly deficit since it began compiling the data in 1998. The deficit can be attributed to China seeing about <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/65c476a2-fcd8-4116-ab8d-8cc7aa643616\" style=\"\" rel=\"noopener\">USD 75 bn in net outflows<\/a> in September, its biggest monthly outflows since 2016, on the back of an escalating crisis in its property sector. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also driving the outflows: <\/strong>China\u2019s 'lower for longer' interest rates, compared to the 'higher for longer' interest rates everywhere else, which \u201chas led firms to remit their retained earnings out of the country,\u201d Capital Economics\u2019 Julian Evans-Pritchard told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/china\/chinas-first-deficit-foreign-investment-signals-wests-de-risking-pressure-2023-11-06\/\" style=\"\" rel=\"noopener\">Reuters<\/a>.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s not looking good: <\/strong>Capital continued to flow out of the country in October, with global funds pulling USD 3.1 bn from China and Hong Kong, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/asia\/global-funds-dumped-another-3-bln-china-stocks-oct-morgan-stanley-2023-11-06\/#:~:text=China%20and%20Hong%20Kong%20equities,%2C%20seen%20by%20Reuters%2C%20said.\" style=\"\" rel=\"noopener\">Reuters<\/a> wrote citing a Morgan Stanley report. \u201cIncreasing geopolitical tensions will hamper China's ability to attract FDI and instead [foreign companies will] favor emerging markets that are more friendly to the west,\u201d Evans-Pritchard added.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO WORTH NOTING- <\/strong><strong>One vote for the Fed raising rates in Jan: <\/strong>Barclays now expects the US Federal Reserve to raise interest rates by 25 bps in January from its initial expectation for a December hike. The Fed <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1e5dab6c-5857-4b96-a64d-69534a62b5ec\" style=\"\" rel=\"noopener\">left rates unchanged<\/a> for a second consecutive meeting last week. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/us\/barclays-sees-fed-raising-rate-january-instead-december-2023-11-06\/\" style=\"\" rel=\"noopener\">Reuters<\/a>) <\/p><p><a target=\"_blank\" id=\"t.22e63af17b3066b264ef391384e64dc09b299fcb\" 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\">23,059<\/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: +58.0%)<\/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\">10,949<\/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: +4.5%)<\/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>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\">9,552<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.4% (YTD: -6.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-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>D<\/strong><strong>F<\/strong><strong>M<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">3,957<\/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: +18.6%)<\/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\">4,366<\/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: +13.7%)<\/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>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\">4,418<\/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\">0.0% (YTD: -0.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4,159<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.4% (YTD: +9.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 85.22<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.4%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3.26<\/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\">-7.1%<\/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>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 1,988.60<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.5%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 35,078.45<\/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: +111.9%)<\/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 0.2% at yesterday\u2019s close<\/strong> on turnover of EGP 4.9 bn (101.7% above the 90-day average). Local investors were net sellers. The index is up 58.0% YTD.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green: <\/strong>Orascom Construction (+5.2%), Fawry (+4.7%) and Edita (+3.5%).<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>AMOC (-8.3%), Qalaa Holdings (-3.2%) and Oriental Weavers (-3.0%).<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian markets are in the red this morning<\/strong> as the bounce in global equities that accompanied last week\u2019s Federal Reserve meeting fades. Expect more of the same in Europe and the US later today, according to stock futures.<\/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\/bahrain\/\">Bahrain<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/bonds\/\">Bonds<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/capital-markets\/\">capital markets<\/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\/debt-watch\/\">debt watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/federal-reserve\/\">Federal Reserve<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-markets\/\">Financial Markets<\/a>\n                <!-- <span 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\/sukuk\/\">sukuk<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/uae\/\">UAE<\/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<div class=\"alignfull vertical-section wide-section going-green wp-block-group issue-section\" id=\"609586\">\r\n    <div class=\"issue-section__content\">\r\n        <div class=\"alignwide wp-block-columns\">\r\n            <div class=\"wp-block-column sidebar-vertical-info\" style=\"flex-basis:22.8%\">\r\n                <figure class=\"wp-block-image size-full\">\r\n                                            <img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27465.svg\" style=\"width:80%\" alt=\"\" >\r\n                                    <\/figure>\r\n                <p>\r\n                    Our weekly deep dive into the green economy and ESG issue in Egypt.                <\/p>\r\n                <figure class=\"wp-block-image size-full mt-0 mb-0 img-white-bg\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27483.png?ssl=1\" alt=\"\"><\/figure>\r\n                <p class=\"has-text-color has-link-color\">\r\n                    Published every Tuesday in EnterpriseAM.                <\/p>\r\n                <div class=\"wp-block-buttons mt-0\">\r\n                    <div class=\"wp-block-button\">\r\n                        <a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/enterpriseam.com\/egypt\/goinggreen\/\">\r\n                            Read going Green                        <\/a>\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column issue-section\">\r\n                <div class=\"story-section\">\r\n                    <div class=\"issue-story-header text-center\">\r\n                        <div class=\"index-number\">10<\/div>\r\n\r\n                        <p class=\"f-graphik\">Going Green<\/p>\r\n                        <h3 class=\"story-title\"><a href=\"https:\/\/enterpriseam.com\/egypt\/goinggreens\/how-startup-accelerators-factor-into-our-green-startup-ecosystem\/\">\r\n                            How startup accelerators are supporting Egypt\u2019s green startup ecosystem<\/a>\r\n                        <\/h3>\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\/goinggreens\/how-startup-accelerators-factor-into-our-green-startup-ecosystem\/\" 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\/goinggreens\/how-startup-accelerators-factor-into-our-green-startup-ecosystem\/')\">\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\/goinggreens\/how-startup-accelerators-factor-into-our-green-startup-ecosystem\/\">\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=How startup accelerators factor into our green-startup ecosystem&url=https:\/\/enterpriseam.com\/egypt\/goinggreens\/how-startup-accelerators-factor-into-our-green-startup-ecosystem\/\">\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\/goinggreens\/how-startup-accelerators-factor-into-our-green-startup-ecosystem\/&title=How startup accelerators factor into our green-startup ecosystem\">\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=How+startup+accelerators+factor+into+our+green-startup+ecosystem+https%3A%2F%2Fenterpriseam.com%2Fegypt%2Fgoinggreens%2Fhow-startup-accelerators-factor-into-our-green-startup-ecosystem%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>                    <\/div>\r\n\r\n                    <div class=\"story__body\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/goinggreens\/how-startup-accelerators-factor-into-our-green-startup-ecosystem\/\">\r\n                            <div class=\"photo photo--above\">\r\n                                <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1499.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" sizes=\"(max-width: 34.9rem) calc(100vw - 2rem), (max-width: 53rem) calc(8 * (100vw \/ 12)), (min-width: 53rem) calc(6 * (100vw \/ 12)), 100vw\" data-attachment-id=\"609587\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/goinggreens\/how-startup-accelerators-factor-into-our-green-startup-ecosystem\/1499-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1499.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1499.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1499.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1499.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                            <\/div>\r\n                        <\/a>\r\n                        \n<article id=\"post-609586\" class=\"content-area-description post-609586 goinggreen type-goinggreen status-publish has-post-thumbnail hentry category-going-green tag-agritech tag-climate-tech tag-enterprise-going-green tag-enterpriseam tag-flat6labs tag-going-green tag-green-economy tag-startups wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The role startup accelerators play in Egypt\u2019s green startup ecosystem: <\/strong>The role of climate-focused accelerator programmes is becoming increasingly important as growth-stage VC funding to climate tech startups <a target=\"_blank\" href=\"https:\/\/www.csis.org\/analysis\/bolstering-climate-entrepreneurship-mena-region\" style=\"\" rel=\"noopener\">is drying up in MENA<\/a> and globally. Owing to the challenges green startups in Egypt face \u2014 including access to finance, sourcing technical assistance and talent, and a host of legal hurdles \u2014 climate-focused accelerators play an essential role in developing Egypt\u2019s green economy ecosystem. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>2023 wasn\u2019t a good year for climate tech to land VC funding:<\/strong> While startups working in e-commerce, fintech, and logistics managed to attract investment, global VC and private-equity funding to climate tech dipped by 40% in 2023 due to economic uncertainty and a dip in investor confidence due to geopolitical tensions, according to <a target=\"_blank\" href=\"https:\/\/www.pwc.com\/gx\/en\/news-room\/press-releases\/2023\/pwc-2023-state-of-climate-tech.html\" style=\"\" rel=\"noopener\">a report<\/a> by PwC. The report \u2014 which analyzed 8k climate tech startups and over 32k agreements worth more than USD 490 bn \u2014 also found more funding was occurring at the mid-stage than at the early stage for the first time ever for reasons including challenges around scaling or implementing capital intensive climate tech, as well as a challenging macroeconomic environment. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Enter accelerators:<\/strong> Accelerator programmes help catalyze the growth of young startups by providing access to mentorship, networking opportunities, and drumming up funds from external investors. Some programmes offer grants and others extend equity-based investments. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The award for most accelerated goes to \u2026 : <\/strong>Egyptian startups are the most accelerated in Africa, with almost 40% having taken part in some kind of acceleration or incubation programme, according to a 2021 <a target=\"_blank\" href=\"https:\/\/mcit.gov.eg\/Upcont\/Documents\/Reports%20and%20Documents_26102021000_Egyptian-Startup-Ecosystem-Report-2021.pdf\" style=\"\" rel=\"noopener\">report (pdf)<\/a> by Disrupt Africa.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rise of the green accelerator: <\/strong>Accelerators have come as a <a target=\"_blank\" href=\"https:\/\/www.euromesco.net\/wp-content\/uploads\/2023\/06\/EuroMeSCo-Paper-63.pdf\" style=\"\" rel=\"noopener\">key policy recommendation<\/a> to bolster climate entrepreneurship. MENA began building its first generation of accelerators some years ago, according to the US-based <a target=\"_blank\" href=\"https:\/\/www.csis.org\/analysis\/bolstering-climate-entrepreneurship-mena-region\" style=\"\" rel=\"noopener\">Center for Strategic and International Studies<\/a>, reflecting that there is talent, interest and potential for the green startup ecosystem.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And there\u2019s been moves at home:<\/strong> \u201cOur efforts began three years ago in Tunisia with the <a target=\"_blank\" href=\"https:\/\/www.flat6labs.com\/program\/greenworks-program\/\" style=\"\" rel=\"noopener\">Green4Youth program<\/a>, after a growing awareness of environmentalism around the world,\u201d Chief Programs Officer at Flat6Labs Yehia Houry told us. Flat6Labs\u2019 <a target=\"_blank\" href=\"https:\/\/www.flat6labs.com\/program\/ebtekar\/\" style=\"\" rel=\"noopener\">Ebtekar Agritech Program<\/a> has invested over USD 1 mn into Egyptian startups working in biotech, smart farming, internet of things (IoT), big data and AI, logistics and more.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Green means good business:<\/strong> \u201cOur thesis has always been that making green investments is good business,\u201d <a target=\"_blank\" href=\"https:\/\/www.changelabs.me\" style=\"\" rel=\"noopener\">Changelabs<\/a> founder Karim Samra told us. Samra\u2019s <a target=\"_blank\" href=\"https:\/\/www.changelabs.me\/programs\" style=\"\" rel=\"noopener\">Scale Up to Green<\/a> accelerator helped to raise USD 2 mn of investment across its top six startups in the 2022 cohort. \u201cThe investors we put our startups in contact with are not \u201cclimate-focused\u201d investors. VCs are realizing that there\u2019s a huge opportunity in Egypt for agritech and waste management,\u201d he added. \u201cWe were able to bring on nine corporate partners in the programme\u2019s fourth cohort, as opposed to just one in the first cohort.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And there\u2019s more than one success story: <\/strong>Hydrofarms, a hydroponics company that saves 75% of water used in agriculture, is now expanding into Saudi Arabia. \u201cWe\u2019re in the process of helping [company founder] Adel El Shentenawy raise USD 500k and introduced him to 80-90% of investors in that round,\u201d Samra told us. Another company in the Changelabs portfolio, Tekaya, is soon expanding into Saudi Arabia and recently licensed in Japan. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Funding and support is more scarce in Upper Egypt:<\/strong> Athar is an accelerator based in Upper Egypt, which has graduated three cohorts of startups on its <a target=\"_blank\" href=\"https:\/\/www.athareg.com\/climate-action-program\/\" style=\"\" rel=\"noopener\">Green Accelerator<\/a>, and launched an <a target=\"_blank\" href=\"https:\/\/www.athareg.com\/agribusiness-incubator\/\" style=\"\" rel=\"noopener\">agribusiness incubator<\/a> for women-led startups in Minya Governorate this year. \u201cThere are virtually no VC funds or angel investors in Upper Egypt,\u201d said Athar founder Shoaib AlQady, whose first cohort had raised a total EGP 1.53 mn by the end of 2022. \u201cAs for accelerators, some exist, such as the <a target=\"_blank\" href=\"https:\/\/mcit.gov.eg\/en\/Innovation\/Build_Your_Talent\" style=\"\" rel=\"noopener\">TIEC accelerator<\/a> programme under the Communications Ministry. Most university graduates move to Cairo to receive professional training, from which they enter Cairo-based accelerators. It is extremely difficult to reduce this gap.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s still a long way to go:<\/strong> \u201cStartups across all of our programmes have received close to USD 250 mn in external investments, but less than 2% of that went into green startups,\u201d Houry said. \u201cWe have started expanding our network of investors to environmentally-minded impact funds. For example, <a target=\"_blank\" href=\"https:\/\/www.thecatalystfund.com\/\" style=\"\" rel=\"noopener\">Catalyst Fund<\/a> recently invested in <a target=\"_blank\" href=\"https:\/\/www.bekia-egypt.com\/en\/\" style=\"\" rel=\"noopener\">Bekia<\/a>, one of the startups in our portfolio, and <a target=\"_blank\" href=\"https:\/\/katapult.vc\/\" style=\"\" rel=\"noopener\">Katapult Fund<\/a> is another well-known impact investor in MENA.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">In part two, we\u2019ll explore the economic, educational and regulatory barriers facing green startups and how accelerators are addressing them. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Your top green economy stories for the week:<\/strong><\/p>\n<ul>\n<li><strong>We\u2019re going to reduce fossil fuel dependence to 55% by 2035: <\/strong>The Egyptian Electricity Holding Company aims to reduce our fossil fuel dependence for electricity production to 55% by 2035. (<a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f120db1b-16e4-4ebf-b0c4-06ff357eadca\" style=\"\" rel=\"noopener\">Enterprise Climate<\/a>) <\/li>\n<li><strong>Tuk-tuk EVs?<\/strong> State-owned El Nasr Automotive is reportedly close to inking a partnership agreement with an unnamed Chinese investor to manufacture four-wheeled electric light vehicles as an alternative to three-wheeled tuk-tuks. (<a target=\"_blank\" href=\"https:\/\/climate.enterprise.press\/stories\/2023\/11\/06\/egypt-partners-with-chinese-firms-on-green-public-transport-electric-tuktuks-103123\/\" style=\"\" rel=\"noopener\">Enterprise Climate<\/a>) <\/li>\n<li><strong>Egypt partners with IEA on green transition: <\/strong>Egypt's Ministry of Petroleum and Mineral Resources signed an agreement with the International Energy Agency (IEA) to establish a joint action program. (<a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/211b0864-7a66-40bd-866c-1b5f1c654d9d\" style=\"\" rel=\"noopener\">Enterprise Climate<\/a>) <\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/agritech\/\">Agritech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/climate-tech\/\">climate tech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/flat6labs\/\">Flat6Labs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/going-green\/\">going green<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/green-economy\/\">Green Economy<\/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\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column\" style=\"flex-basis:19.8%\"><\/div>\r\n        <\/div>\r\n    <\/div>\r\n<\/div>\n<section id=\"609588\" 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\/07\/609588\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-609588\" class=\"content-area-description single-story post-609588 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;\">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>22 November (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/gcc-egyptbf.com\/en\/forum\/forum-program-1\" style=\"\">The EGY-GCC Business Forum<\/a><\/span><span style=\"font-weight:400;\"> opening session.<\/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 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 style=\"font-weight:400;\">17 January (Wednesday): A delegation of Egyptian companies to visit Istanbul.<\/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;\">FEBRUARY<\/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;\">11 February (Sunday): The deadline to apply for the Chicago Booth Executive Program<\/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:400;\">29 May (Wednesday): Chicago Booth Executive Program<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JUNE<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">15-19 June (Saturday-Wednesday): Eid El Adha (TBC).<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>30 June (Sunday): June 30 Revolution Day.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JULY<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">7 July (Sunday): National holiday in observance of Islamic New Year (TBC).<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>23 July (Tuesday): Revolution Day.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">SEPTEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>2-5 September (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.airport-technology.com\/sponsored\/dates-announced-for-egypt-international-airshow-2024\/\" style=\"\">Egypt International Airshow<\/a><\/span><span style=\"font-weight:400;\">, El Alamein International Airport.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>15 September (Sunday): National holiday in observance of Prophet Muhammad\u2019s birthday (TBC).<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">OCTOBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">6 October (Sunday): Armed Forces Day.<\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Rail agreements galore | VAT hike on smokes | MENA bond issuances soar | Standard Chartered appoints Egypt boss<\/p>\n","protected":false},"featured_media":609561,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-609560","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"674f4ecc-8a66-4bbb-bce8-1f23f655f09b","teaser":"Rail agreements galore | VAT hike on smokes | MENA bond issuances soar | Standard Chartered appoints Egypt boss","photo_url":"https:\/\/ent.news\/2023\/11\/336.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>We\u2019re on track to hit tourism targets despite Gaza war, Issa says - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/issues\/were-on-track-to-hit-tourism-targets-despite-gaza-war-issa-says\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"We\u2019re on track to hit tourism targets despite Gaza war, Issa says\" \/>\n<meta property=\"og:description\" content=\"Rail agreements galore | VAT hike on smokes | MENA bond issuances soar | Standard Chartered appoints Egypt boss\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/issues\/were-on-track-to-hit-tourism-targets-despite-gaza-war-issa-says\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-17T01:48:41+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/336.jpg?fit=%2C&ssl=1\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/were-on-track-to-hit-tourism-targets-despite-gaza-war-issa-says\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/issues\/were-on-track-to-hit-tourism-targets-despite-gaza-war-issa-says\/\",\"name\":\"We\u2019re on track to hit tourism targets despite Gaza war, Issa says - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/were-on-track-to-hit-tourism-targets-despite-gaza-war-issa-says\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/were-on-track-to-hit-tourism-targets-despite-gaza-war-issa-says\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/336.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2023-11-07T00:00:00+00:00\",\"dateModified\":\"2025-12-17T01:48:41+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/were-on-track-to-hit-tourism-targets-despite-gaza-war-issa-says\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/issues\/were-on-track-to-hit-tourism-targets-despite-gaza-war-issa-says\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/were-on-track-to-hit-tourism-targets-despite-gaza-war-issa-says\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/336.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/336.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/were-on-track-to-hit-tourism-targets-despite-gaza-war-issa-says\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Issues\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/AMarchives\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"We\u2019re on track to hit tourism targets despite Gaza war, Issa says\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"We\u2019re on track to hit tourism targets despite Gaza war, Issa says - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/issues\/were-on-track-to-hit-tourism-targets-despite-gaza-war-issa-says\/","og_locale":"en_US","og_type":"article","og_title":"We\u2019re on track to hit tourism targets despite Gaza war, Issa says","og_description":"Rail agreements galore | VAT hike on smokes | MENA bond issuances soar | Standard Chartered appoints Egypt boss","og_url":"https:\/\/enterpriseam.com\/egypt\/issues\/were-on-track-to-hit-tourism-targets-despite-gaza-war-issa-says\/","og_site_name":"EnterpriseAM Egypt","article_modified_time":"2025-12-17T01:48:41+00:00","twitter_card":"summary_large_image","twitter_image":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/336.jpg?fit=%2C&ssl=1","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/were-on-track-to-hit-tourism-targets-despite-gaza-war-issa-says\/","url":"https:\/\/enterpriseam.com\/egypt\/issues\/were-on-track-to-hit-tourism-targets-despite-gaza-war-issa-says\/","name":"We\u2019re on track to hit tourism targets despite Gaza war, Issa says - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/were-on-track-to-hit-tourism-targets-despite-gaza-war-issa-says\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/were-on-track-to-hit-tourism-targets-despite-gaza-war-issa-says\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/336.jpg?fit=%2C&ssl=1","datePublished":"2023-11-07T00:00:00+00:00","dateModified":"2025-12-17T01:48:41+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/were-on-track-to-hit-tourism-targets-despite-gaza-war-issa-says\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/issues\/were-on-track-to-hit-tourism-targets-despite-gaza-war-issa-says\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/were-on-track-to-hit-tourism-targets-despite-gaza-war-issa-says\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/336.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/336.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/were-on-track-to-hit-tourism-targets-despite-gaza-war-issa-says\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Issues","item":"https:\/\/enterpriseam.com\/egypt\/AMarchives\/"},{"@type":"ListItem","position":3,"name":"We\u2019re on track to hit tourism targets despite Gaza war, Issa says"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}}]}},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/609560","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/issue"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/609560\/revisions"}],"predecessor-version":[{"id":609612,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/609560\/revisions\/609612"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/609561"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=609560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=609560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=609560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}