{"id":610396,"date":"2023-11-20T00:00:00","date_gmt":"2023-11-20T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=610396"},"modified":"2025-12-17T02:06:59","modified_gmt":"2025-12-17T02:06:59","slug":"alhokair-has-usd-1-5-bn-earmarked-for-investment-in-egypt","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/alhokair-has-usd-1-5-bn-earmarked-for-investment-in-egypt\/","title":{"rendered":"Alhokair has USD 1.5 bn earmarked for investment in Egypt"},"content":{"rendered":"<section id=\"610398\" 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=\"610398\">\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\/20\/shoukry-in-china-today-to-push-for-gaza-ceasefire\/\">\r\n                            Shoukry in China today to push for Gaza ceasefire                        <\/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\/20\/shoukry-in-china-today-to-push-for-gaza-ceasefire\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img 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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\/.6e3e523f-0933-47c0-9b63-766b090623e6.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, wonderful people. <\/strong>We have plenty of FDI in store for you today (it leads the news well as well as Also On Our Radar) \u2014 and expectations that we\u2019ll see further announcements today. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BUT FIRST, a programming note: <\/strong>We\u2019re pleased to announce that we\u2019ve migrated <strong><a target=\"_blank\" href=\"https:\/\/climate.enterprise.news\/\" style=\"\" rel=\"noopener\">Enterprise Climate<\/a><\/strong> to our new web platform. Enterprise Climate readers will now enjoy a rich homepage, powerful search, and tools to allow them to share or listen to individual stories. Enterprise Climate is the leading newsletter covering the world\u2019s most exciting industry on a MENA-wide scale. <\/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=\"wwtt1\"><\/a>  <strong>#1-<\/strong><strong>Shoukry in China to press for Gaza ceasefire: <\/strong>Foreign Minister Sameh Shoukry and a delegation of foreign ministers from Arab and Islamic nations are in China today and tomorrow to push for a deescalation of the conflict in Gaza, the Chinese Foreign Ministry <a target=\"_blank\" href=\"https:\/\/www.fmprc.gov.cn\/eng\/wjdt_665385\/wsrc_665395\/202311\/t20231119_11183140.html\" style=\"\" rel=\"noopener\">said<\/a> yesterday. Shoukry will be joined by his counterparts from Saudi Arabia, Jordan, and Indonesia, in addition to representatives from the Palestinian Authority and the Organization of Islamic Cooperation. This is the delegation\u2019s first stop in a tour of P5 members of the UN Security Council nations aimed at ramping up pressure for a ceasefire.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember:<\/strong> China <a target=\"_blank\" href=\"https:\/\/news.cgtn.com\/news\/2023-11-02\/China-assumes-UN-Security-Council-presidency-for-November-1ooUveJ2hck\/index.html\" style=\"\" rel=\"noopener\">is the president<\/a> of the UN Security Council for November.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>#2- A high-profile Saudi business delegation arrives in town today. <\/strong>Egyptian and Saudi companies are expected announce new investments as a delegation led by Saudi Trade Minister Majid bin Abdullah Al Qasabi arrives in Egypt today for the Saudi-Egyptian Business Council. Speaking yesterday, council member Turki Al Hokair said his company would invest as much as USD 1.5 bn here next year in a range of sectors. We have that story in this morning\u2019s news well, below. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The delegation will be in town two days ahead of the Egy-GCC Business Forum<\/strong>, which takes place on Wednesday. President Abdel Fattah El Sisi will open the forum, which is set to focus on manufacturing, renewable energy and desalination, agriculture, real estate, and tourism, among other sectors. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/cairoict.com\/\" style=\"\" rel=\"noopener\">Cairo ICT<\/a><\/strong><strong> continues today <\/strong>at the Egypt International Exhibition Center. The tech industry gathering ends on Wednesday.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DATA POINT-<\/strong><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Import backlog eases in October:<\/strong> Egypt cleared USD 800 mn of goods during October, taking the total amount of goods still at ports to USD 3.9 bn, according to <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2023\/11\/19\/1736239\" style=\"\" rel=\"noopener\">Al Borsa<\/a>. FX shortages have hindered importers\u2019 ability to pay for customs clearance, but the government has moved to address backlogs by <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d041e1e1-1f9c-4271-8391-d6c3b10e965f\" style=\"\" rel=\"noopener\">scrapping burdensome requirements<\/a> such as letters of credit (L\/Cs) at the start of the year.<\/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>#1- MERIS may be getting some competition: <\/strong>The deadline to apply for a credit rating license from the FRA is this Wednesday after it <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d087ef18-4b4b-4559-ac5d-ac851785b9eb\" style=\"\" rel=\"noopener\">loosened<\/a> requirements last year.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Get ready for a whole lot of Egypt-bound Gulf investments in the days to come: <\/strong>The <a target=\"_blank\" href=\"https:\/\/gcc-egyptbf.com\/en\/forum\/forum-program-1\" style=\"\" rel=\"noopener\">EGY-GCC Business Forum<\/a> is kicking off this Wednesday and will wrap on the following day.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Education, Education, Education: <\/strong>The <a target=\"_blank\" href=\"https:\/\/educationfair.findadmission.com\/event\/549\" style=\"\" rel=\"noopener\">Worldview Education F<\/a><a target=\"_blank\" href=\"https:\/\/educationfair.findadmission.com\/event\/549\" style=\"\" rel=\"noopener\">air<\/a> is kicking off on Thursday with representatives for 20 universities and business schools looking for bright and eager students to enroll. <\/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\"><a id=\"wwtt5\"><\/a> <strong>Altman could return to OpenAI by the week\u2019s end, if the company\u2019s investors have<\/strong><strong> their way:<\/strong> OpenAI\u2019s biggest investors, including Microsoft and a handful of prominent VC firms, are urging the company to reinstate Sam Altman as CEO just days after the board sacked him, writes the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/466bf00a-1e76-4255-be2b-3c1d37508031\" style=\"\" rel=\"noopener\">Financial Times<\/a>. Altman stepped back into the startup\u2019s offices yesterday evening wearing a visitor\u2019s pass, but it remains to be seen if his support from employees and investors is enough leverage to reverse the board\u2019s decision.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Verge reported that the board had initially agreed to resign <\/strong>under pressure from investors, but later said it had missed a late-Saturday deadline to do so. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The OpenAI story has thrown the AI industry\u2019s \u201cboomer vs doomer\u201d clash into sharp relief for the global business press. <\/strong>Doomers hold that AI could be a catastrophe for the human race. Boomers see it unlocking a world of new potential. Particularly worth reading are takes from <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-11-20\/sam-altman-openai-latest-inside-his-shock-firing-by-the-board?srnd=premium-middle-east&amp;sref=mmeFTDW1\" style=\"\" rel=\"noopener\">Bloomberg<\/a>, the <a target=\"_blank\" href=\"https:\/\/www.economist.com\/business\/2023\/11\/19\/the-sam-altman-drama-points-to-a-deeper-split-in-the-tech-world\" style=\"\" rel=\"noopener\">Economist<\/a>, and <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2023\/11\/19\/openai-executive-shakeup-raises-concerns-about-future-of-ai.html\" style=\"\" rel=\"noopener\">CNBC<\/a>.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- Former US First Lady Rosalyn Carter has died at age 96.<\/strong> Best known for her lifelong advocacy for mental health, Carter helped redefine the role of the \u201cpolitically active\u201d first lady and was instrumental in her husband\u2019s run for the White House. US President Jimmy Carter brokered the Camp David agreements that led us to make peace with Israel. See obits in the <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2023\/11\/19\/us\/politics\/rosalynn-carter-dead.html\" style=\"\" rel=\"noopener\">New York Time<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/us-news\/rosalynn-carter-former-first-lady-dead-55bac510\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a> | <a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/obituaries\/2023\/11\/19\/rosalynn-carter-first-lady-jimmy-carter-dies\/\" 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>WATCH THIS SPACE- <\/strong><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>#1-<\/strong><strong>A logistics freezone on Libyan border + Egyptian-Libyan bank could be in the <\/strong><strong>works:<\/strong> Libyan investors have proposed setting up a joint Egyptian-Libyan bank and a logistics zone near the Salloum border crossing, according to a statement from the Egyptian Businessmen Association (EBA) picked up by <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/4wwxfz3d\" style=\"\" rel=\"noopener\">Al Arabiya<\/a>. This came during discussions about the involvement of Egyptian companies in the Libya reconstruction effort.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember:<\/strong> A coalition of three local firms are in line to establish <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7dfed384-ca00-437a-9449-7457d32d3d2c\" style=\"\" rel=\"noopener\">an integrated logistics zone<\/a> at Salloum after signing an MoU with the government earlier this year.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- In this week\u2019s second piece of <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/580af8a9-0b28-47e9-8cb0-043811c265a6\" style=\"\" rel=\"noopener\">chicken-related news<\/a><\/strong><strong>: <\/strong>An Egyptian unit ofthe <a target=\"_blank\" href=\"https:\/\/www.nationalpoultry.com\/our-company\/who-we-are\/\" style=\"\" rel=\"noopener\">National Poultry Company<\/a> is in talks to acquire an unnamed local poultry firm in 2024, the Jordan-based company\u2019s General Manager Mansour Bin Ali told <a target=\"_blank\" href=\"https:\/\/twitter.com\/AsharqbEGY\/status\/1726189295898112475?s=20\" style=\"\" rel=\"noopener\">Asharq Business<\/a> yesterday. The company is also looking to set up eight poultry stations next year to back its expansion plans in the Egyptian market, Bin Ali added.<\/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\"><a id=\"wwtt4\"><\/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>WAR ECONOMICS-<\/strong><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Trading with Yemen may be getting a whole lot pricier: <\/strong>Lloyd\u2019s Ins. premiums for goods passing through Yemeni ports or by its coasts will rise 100-300% according to <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/38usbveb\" style=\"\" rel=\"noopener\">Al Mal<\/a>, citing Apex Reinsurance Brokerage head Khaled Sayed. The ins. hike predictions follow the Yemen-based Houthi movement <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/facf909e-998b-49cb-981a-0e53bc3aa4b9\" style=\"\" rel=\"noopener\">firing<\/a> rockets and drones in Israel\u2019s direction and the group threatening to attack Israel-linked ships.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What was that about threats to target cargo ships? <\/strong>A cargo ship reportedly linked to an Israeli businessman was hijacked by the Houthi movement yesterday and 25 crew members were taken hostage, <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/israel-houthi-rebels-hijacked-ship-red-sea-dc9b6448690bcf5c70a0baf7c7c34b09\" style=\"\" rel=\"noopener\">AP<\/a> reports.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Missed this week\u2019s Inside Industry? <\/strong>In our weekly vertical exploring all things industry and manufacturing: <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/893de75a-7135-4e64-bded-7f332a03be34\" style=\"\" rel=\"noopener\">EgyptSat Auto secured its golden license, but are unclear industry standards in the way?<\/a> <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/enterprise.press\/wp-content\/uploads\/2022\/10\/CIRA-Blackboard-Banner-B-1600.jpg\"><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>*** It\u2019s Blackboard day:<\/strong> We have our weekly look at the business of education in Egypt, from pre-K through the highest reaches of higher ed. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In today\u2019s issue:<\/strong>Our executive education industry is adapting to new business realities.<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-china-relations\/\">Egypt-China relations<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/foreign-ministry\/\">Foreign Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/israel-palestine-conflict\/\">Israel-Palestine conflict<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sameh-shoukry\/\">Sameh Shoukry<\/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=\"610400 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=\"610400\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/20\/610400\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-610400\" class=\"content-area-description single-story post-610400 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:\/\/somabay.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/ads\/imgs\/125.jpg?ssl=1\"><\/a><\/span><\/p>\n<div class=\"grouped-tags\">\n<p><span style=\"font-weight:700\">DISCOVER SOMABAY: <\/span><span>Embark on a journey of discovery in the heart of Somabay, where crystal-clear waters meet golden sands and luxury meets serenity. Experience a world of adventure, relaxation, and natural beauty like no other. From thrilling water sports to world-class golf, Somabay offers it all. Explore vibrant coral reefs, unwind in luxurious spas and savor exquisite cuisine. Your dream destination awaits, where every moment is a discovery.<\/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=\"610401\" 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=\"610401\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/20\/alhokair-unit-could-invest-up-to-usd-1-5-bn-here-next-year\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1029.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"610402\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/20\/alhokair-unit-could-invest-up-to-usd-1-5-bn-here-next-year\/1029-jpg-21\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1029.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1029.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1029.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1029.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-610401\" class=\"content-area-description single-story post-610401 post type-post status-publish format-standard has-post-thumbnail hentry category-uncategorized tag-enterpriseam tag-fas tag-foreign-exchange tag-investment-watch tag-saudi-arabia tag-saudi-egyptian-business-council 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\/.c226ed04-423f-48ca-95fd-c953f7f63236.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Units of Saudi Arabia\u2019s Fawaz Abdulaziz Alhokair Company (<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.alhokair.com\/\" style=\"\" rel=\"noopener\">Alhokair<\/a><\/strong><strong>) could invest as <\/strong><strong>much as <\/strong><strong>USD 1.5 bn<\/strong><strong> in Egypt<\/strong> in 2024, <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/3fr2ffc5\" style=\"\" rel=\"noopener\">Asharq Busi<\/a><a target=\"_blank\" href=\"https:\/\/tinyurl.com\/3fr2ffc5\" style=\"\" rel=\"noopener\">ness<\/a> reported yesterday. Energy, real estate, and infrastructure are on the priority list, Turki Al Hokair, the company\u2019s CEO, told the news service, though he stopped short of offering further details.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Alhokair is no stranger to Egypt:<\/strong> FAS Finance, which is partly owned by Alhokair, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1c1b2e26-b114-4d61-b81d-cb0d118bfffd\" style=\"\" rel=\"noopener\">bought a<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1c1b2e26-b114-4d61-b81d-cb0d118bfffd\" style=\"\" rel=\"noopener\">5% stake<\/a> in the Egyptian fintech player valU last year, while FAS Energy has a <a target=\"_blank\" href=\"https:\/\/enterprise.press\/stories\/2018\/10\/22\/fas-energy-reportedly-completed-usd-75-mn-50-mw-solar-power-plant-under-fit-phase-one-program-2\/\" style=\"\" rel=\"noopener\">USD 75 mn solar park<\/a> in Benban and announced plans to build a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/495756fd-2671-4978-b10a-7f23f4bcea99\" style=\"\" rel=\"noopener\">USD 450 mn solar park<\/a> in Egypt last year. Alhokair also owns <a target=\"_blank\" href=\"https:\/\/marakez.net\/\" style=\"\" rel=\"noopener\">Marakez<\/a>, the real estate and mall developer and operator whose brands include District 5 and Cairo\u2019s largest shopping center, the Mall of Arabia, in addition to facilities in Mansoura and Tanta.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Other agreements are set to be signed today at a Egypt-Saudi business forum<\/strong><strong>: <\/strong>A Saudi business delegation led by the Saudi Trade Minister, Majid bin Abdullah Al Qasabi, is in Egypt today for the Saudi-Egyptian Business Council. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Other participating companies could make announcements today. <\/strong>Watch out for sectors including energy, real estate, agriculture, and tourism, Alhokair <a target=\"_blank\" href=\"http:\/\/enterprise.news\/news\/story\/3c2d1c94-8eb4-4ce4-b265-d1d4659e1230\/\" style=\"\" rel=\"noopener\">said<\/a> on Saturday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The investment comes despite concerns about the repatriation <\/strong><strong>of <\/strong><strong>earnings:<\/strong>Central Bank of Egypt Governor Hassan Abdalla has reportedly promised a remedy for investors having problems repatriating dividends amid the ongoing FX crunch, Bandar Al Amiri, chairman of the Saudi-Egyptian Business Council, told <a target=\"_blank\" href=\"https:\/\/bit.ly\/47FUSHz\" style=\"\" rel=\"noopener\">CNBC Arabia<\/a>. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fas\/\">FAS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/foreign-exchange\/\">foreign exchange<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <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\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/saudi-egyptian-business-council\/\">Saudi-Egyptian Business Council<\/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=\"610403\" 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=\"610403\">\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\">Privatization<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/20\/eastern-in-line-for-usd-150-mn-from-new-uae-shareholder-to-ensure-access-to-materials\/\">\r\n                            Eastern in line for USD 150 mn from new UAE shareholder to ensure access to materials                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    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href=\"https:\/\/api.whatsapp.com\/send?text=Eastern+in+line+for+USD+150+mn+from+new+UAE+shareholder+to+ensure+access+to+materials+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2023%2F11%2F20%2Feastern-in-line-for-usd-150-mn-from-new-uae-shareholder-to-ensure-access-to-materials%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\/20\/eastern-in-line-for-usd-150-mn-from-new-uae-shareholder-to-ensure-access-to-materials\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1016.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"610404\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/20\/eastern-in-line-for-usd-150-mn-from-new-uae-shareholder-to-ensure-access-to-materials\/1016-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1016.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1016.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1016.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1016.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-610403\" class=\"content-area-description single-story post-610403 post type-post status-publish format-standard has-post-thumbnail hentry category-privatization-watch tag-eastern-tobacco tag-enterpriseam tag-fdi tag-global-investment-holding tag-ma-watch tag-privatization-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\/.6e3e523f-0933-47c0-9b63-766b090623e6.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>TRANSACTION UPDATE- Eastern Company\u2019s new Emirati shareholder will <\/strong><strong>throw the company a USD 150 mn lifeline next year even as it finishes its payout to the Chemical Industries Holding Company <\/strong>(CIHC) \u2014 plus we have the inside track on what the state is presently aiming to do with proceeds from the transaction. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Global Investment Holding (GIH) will provide Eastern with some USD 150 mn in hard <\/strong><strong>currency next year <\/strong>to bolster the cigarette maker\u2019s ability to source manufacturing inputs, a senior government official tells us. Eastern\u2019s imports of raw materials have been hit by the FX crunch. GIH reportedly sees the facility as a key measure to ensure the profitability of its new investment. Eastern\u2019s net income <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a10ebd21-5cfa-496b-a2ba-6fa13d186cbf\" style=\"\" rel=\"noopener\">dropped<\/a> 20% y-o-y in 1Q FY2023 to EGP 1.1 bn, while revenues fell 32.5% y-o-y to EGP 3.1 bn in the same period.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- CIHC will be paid additional installments equivalent to USD 94.8 mn next year<\/strong>, our source tells us. That will bring the total value of the transaction announced last Thursday to USD 625 mn, as <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2faf2678-e1de-4680-a046-b73c3abab8df\" style=\"\" rel=\"noopener\">agreed<\/a> in September. The transaction makes GIH the largest holder of Eastern shares. News of the second installment was first reported by <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/2y6kx3vy\" style=\"\" rel=\"noopener\">Al Borsa<\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- The government looks set to use the bulk of the proceeds from Thursday\u2019s sale to <\/strong><strong>invest in fresh capacity at existing state-owned fertilizer plants<\/strong>, our source said, with an eye to ramping up exports. It will use the rest of the cash to help narrow the budget deficit, our source added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who decides where the money goes? <\/strong>The ministries of finance and public enterprise are mulling that over now, but seem on track to invest in Delta Fertilizers, Semadco, and Kima, our source said, confirming <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9a68ef04-8213-41a0-91ad-60c0769265df\" style=\"\" rel=\"noopener\">previous reports<\/a> in the domestic press.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why? Fertilizer exports = reliable and consistent FX flows: <\/strong>Out of a total USD 51.6 bn in exports <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/25686fa7-d4d8-4f88-83c9-abc018e17d39\" style=\"\" rel=\"noopener\">recorded<\/a> in 2022, fertilizers accounted for USD 3.3 bn. Fertilizer exports are larger than our USD 2.5 bn export industry for ready-made garments, USD 2 bn exports of fresh fruits, and USD 1.8 bn exports of plastics.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>By the numbers:<\/strong> The Public Enterprise Ministry aims to ramp up the production of the three factories to a combined 2 mn tons of fertilizer per year, our source said. Together, the three have capacities of just 800k tons right now, split between Kima (550k tons of fertilizer per year) and Semadco (250k tons). Operations at <a target=\"_blank\" href=\"https:\/\/deltafertilizer.com\/\" style=\"\" rel=\"noopener\">Delta Fertilizers<\/a> are currently on hold, and the government plans to invest USD 350 mn in Delta over the next three years to bring it online again, our source explained. The Agriculture Ministry is set to purchase some 40% of the output to enable its plans to expand agricultural land in the country to nearly 3 mn acres.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Market reax: <\/strong>Eastern Company shares rose 0.2% to close at EGP 28.00 on Sunday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND- <\/strong>The sale to GIH makes the Eastern transaction the Madbouly government\u2019s largest single asset sale since it <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a94808c5-7a0c-4027-a786-804f2dc35954\" style=\"\" rel=\"noopener\">rebooted<\/a> its privatization strategy earlier this year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- Our friends at EFG Hermes advised GIH on the transaction<\/strong> and were also sole broker for its execution, they <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/11\/980.pdf\" style=\"\" rel=\"noopener\">said in a statement (pdf)<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/eastern-tobacco\/\">Eastern Tobacco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fdi\/\">FDI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/global-investment-holding\/\">Global Investment Holding<\/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\/privatization-watch\/\">privatization 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=\"610405\" 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=\"610405\">\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\">Tourism<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/20\/tourism-revenues-on-track-to-grow-15-this-year-despite-gaza-war\/\">\r\n                            Tourism revenues on track to grow 15% this year despite Gaza war                        <\/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\/20\/tourism-revenues-on-track-to-grow-15-this-year-despite-gaza-war\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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This puts us on track to hit our <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/17592ef1-2055-49cb-94c1-4ab525d57ba5\" style=\"\" rel=\"noopener\">target<\/a> of 15 mn visitors in 2023, up 32% on the year before, despite geopolitical tensions stemming from the onset of the war in Gaza. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>An increase in tourist footfall means an increase in tourism revenues<\/strong>, which are predicted to reach USD 14 bn by the end of the year, a rise of nearly 15% on 2022, Shalaby told the Saudi outlet. And with foreign tourists comes foreign currency, which we have never been so keen to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4abdda01-8838-4d6b-ab48-fe05576d6448\" style=\"\" rel=\"noopener\">pick up<\/a> as we are now.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Some thought it was going to be much worse: <\/strong>Just three weeks after the outbreak of the war on Gaza, IMF Director Kristalina Georgieva warned that \u201cuncertainty is a killer for tourists inflows\u201d and that in \u201cEgypt, Lebanon, Jordan \u2026 the channels of impact are already visible,\" according to <a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/www.reuters.com\/world\/middle-east\/israel-hamas-conflict-new-cloud-among-many-imf-chief-2023-10-25\/&sa=D&source=editors&ust=1700466183850764&usg=AOvVaw3TBxfQgzZwtIyGjMSRlr4U\" style=\"\" rel=\"noopener\">Reuters<\/a>. Prime Minister Moustafa Madbouly also <a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/cabinet.gov.eg\/News\/Details\/73122&sa=D&source=editors&ust=1700466183850970&usg=AOvVaw0yRGmgb2m14qSoIWp4--hy\" style=\"\" rel=\"noopener\">warned<\/a> of the war\u2019s potential impact on tourism during a meeting with ministers and central bank officials two weeks ago.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Targets for 2024 have remained ambitious: <\/strong>We\u2019re planning on upping the number of tourists 20% to 18 mn in 2024, said Tourism Minister Ahmed Issa, cited by the outlet. He also projected a jump in tourism revenues next year by 25%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- EgyptAir still seems pretty optimistic about our tourism industry: <\/strong>EgyptAir brought the big bucks to the Dubai Air Show earlier this month, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8fca11e4-9a47-4f6e-bc44-0c918b293974\" style=\"\" rel=\"noopener\">placing an order<\/a> for the lease of 18 new Boeing airplanes and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/01c1d323-33d2-4a22-a2c8-003fb5759698\" style=\"\" rel=\"noopener\">signed a contract<\/a> with Airbus for another 10 new aircraft.<\/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\/ahmed-issa\/\">Ahmed Issa<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"610407\" 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=\"610407\">\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\/20\/qatar-us-talk-up-chances-of-hamas-israel-hostage-pact\/\">\r\n                            Qatar, US talk up chances of Hamas-Israel hostage pact                        <\/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\/20\/qatar-us-talk-up-chances-of-hamas-israel-hostage-pact\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Meanwhile, there\u2019s yet more speculation about the potential for a hostages-for-temporary ceasefire pact between the two sides, and Israel is continuing to build its case for besieging Gaza\u2019s largest hospital.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The will they \/ won\u2019t they status of the hostage negotiations continues:<\/strong> There are conflicting claims that a Qatari-mediated agreement is nearing completion, which would reportedly see 50 hostages being released by Hamas in exchange for a three-day ceasefire and possibly the release of Palestinians from Israeli prisons, according to <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/qatar-says-challenges-israel-hamas-hostage-deal-are-just-logistical-2023-11-19\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. The main sticking points blocking the agreement were \u201cvery minor\u201d and concerning practical, logistical matters, Qatari Prime Minister Al Thani said at a joint press conference with the EU\u2019s Josep Borrell in Doha. \u201cWe think [the agreement] is possible, but it is not done yet,\u201d a Biden administration official <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-11-19\/deal-to-free-hamas-hostages-has-gotten-closer-biden-aide-says?srnd=premium-middle-east\" style=\"\" rel=\"noopener\">said<\/a> on the fast-evolving matter.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Almost a week in, Israel is yet to provide evidence of the Hamas mega base underneath <\/strong><strong>Al Shifa:<\/strong> The IDF released <a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=rRra0hvjAL0\" style=\"\" rel=\"noopener\">a video (pdf)<\/a> yesterday claiming to have found a tunnel used by Hamas hidden underneath a garage at the hospital complex. The director of the Gaza Health Ministry <a target=\"_blank\" href=\"https:\/\/www.arabnews.com\/node\/2411771\/middle-east\" style=\"\" rel=\"noopener\">dismissed<\/a> the claim as a \u201cpure lie.\u201d Since raiding Al Shifa over a week ago, Israel has <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0065f896-fccc-465d-8171-a0d323277ffc\" style=\"\" rel=\"noopener\">failed to provide any evidence<\/a> to support their long-held claim that Hamas operated a large command center underneath the hospital. The military\u2019s siege has all but destroyed Al Shifa as a functioning hospital, with a visiting UN team calling it a \u201c <a target=\"_blank\" href=\"https:\/\/twitter.com\/WHOoPt\/status\/1726014852076904450\" style=\"\" rel=\"noopener\">death zone<\/a> \u201d after visiting on Saturday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Another Israeli minister calls for <\/strong><strong>ethnic cleansing<\/strong><strong>: <\/strong>Intelligence Minister Gila Gamliel has become <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d07c0685-95c2-4b25-a191-3dbb92cac242\" style=\"\" rel=\"noopener\">the latest<\/a> senior government official to call for the \u201cvoluntary resettlement\u201d of Palestinians outside of Gaza. In an opinion piece in <a target=\"_blank\" href=\"https:\/\/www.jpost.com\/opinion\/article-773713\" style=\"\" rel=\"noopener\">the Jerusalem Post<\/a>, the minister calls for a \u201cworldwide refugee resettlement scheme\u201d that would give Gazans \u201cwho seek a life elsewhere\u201d an opportunity to leave the strip. \u201cInstead of funneling money to rebuild Gaza or the failed UNRWA, the international community should be helping the people of Gaza build new lives in their new host countries,\u201d she wrote.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ON THE GROUND- <\/strong><a target=\"_blank\" href=\"https:\/\/twitter.com\/MSF\/status\/1726360077366599730\" style=\"\" rel=\"noopener\">MSF<\/a>: At least 70 dead in Khan Younis airstrike | Palestinian Red Crescent, World Health Organization <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/2p8r7ppw\" style=\"\" rel=\"noopener\">evacuate 31 premature babies<\/a> from Al Shifa, <a target=\"_blank\" href=\"https:\/\/reliefweb.int\/report\/occupied-palestinian-territory\/who-led-joint-un-and-red-crescent-mission-evacuates-31-infants-al-shifa-hospital-gaza-enar#:~:text=Sadly%2C%20none%20of%20the%20infants,the%20hospital%2C%20were%20also%20evacuated.\" style=\"\" rel=\"noopener\">11 in critical condition<\/a> | Eight babies died after Israel cut electricity, fuel to the hospital.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AID- <\/strong>The Tahya Misr Fund <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/4jy5kjad\" style=\"\" rel=\"noopener\">has sent 199 aid trucks<\/a> | France <a target=\"_blank\" href=\"https:\/\/twitter.com\/EmmanuelMacron\/status\/1726257030443249884\" style=\"\" rel=\"noopener\">will send 10 tons<\/a> of medical supplies and a second hospital ship.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DIPLOMACY- <\/strong>Foreign Minister Sameh Shoukry <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/4bjsmfsn\" style=\"\" rel=\"noopener\">held talks<\/a> with the Qatari international cooperation minister | Qatar\u2019s prime minister will <a target=\"_blank\" href=\"https:\/\/twitter.com\/MofaQatar_AR\/status\/1726329618003824735\" style=\"\" rel=\"noopener\">visit Russia and the UK<\/a> on Tuesday to push for a ceasefire. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REGIONAL ESCALATION-<\/strong> The Iran-aligned Yemeni Houthi movement said it <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/israel-houthi-rebels-hijacked-ship-red-sea-dc9b6448690bcf5c70a0baf7c7c34b09\" style=\"\" rel=\"noopener\">hijacked<\/a> an Israeli cargo ship in the Red Sea, taking over 25 crew members hostage | Israel <a target=\"_blank\" href=\"https:\/\/www.timesofisrael.com\/yemens-houthis-claim-to-hijack-israeli-ship-in-red-sea-jerusalem-it-isnt-israeli\/\" style=\"\" rel=\"noopener\">denied<\/a> that the ship is Israeli | An Iran-backed militia in Iraq said its strikes against US targets are aimed at \u201c <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/iraqs-kataeb-hezbollah-says-attacks-aim-drain-us-sanctions-ridiculous-2023-11-18\/\" style=\"\" rel=\"noopener\">draining the enemy<\/a>.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>YESTERDAY IN NUMBERS-<\/strong><\/p>\n<ul>\n<li><strong>13k+:<\/strong> The number of Gazans who have been killed by Israeli airstrikes over the past six weeks. (<a target=\"_blank\" href=\"https:\/\/english.alarabiya.net\/News\/middle-east\/2023\/11\/19\/Gaza-s-health-ministry-says-Israeli-strike-killed-41-people-from-one-family\" style=\"\" rel=\"noopener\">Gaza Health Ministry<\/a>)<\/li>\n<li><strong>5.5k+<\/strong> The number of children to have died in the bombing. (<a target=\"_blank\" href=\"https:\/\/english.alarabiya.net\/News\/middle-east\/2023\/11\/19\/Gaza-s-health-ministry-says-Israeli-strike-killed-41-people-from-one-family\" style=\"\" rel=\"noopener\">Gaza Health Ministry<\/a>)<\/li>\n<li><strong>1.7 mn:<\/strong> The number of people in Gaza who have been displaced by the conflict. That\u2019s almost <strong>75% of the territory\u2019s entire population<\/strong>. (<a target=\"_blank\" href=\"https:\/\/www.unrwa.org\/resources\/reports\/unrwa-situation-report-33-situation-gaza-strip-and-west-bank-including-east-Jerusalem\" style=\"\" rel=\"noopener\">UNRWA<\/a>)<\/li>\n<li><strong>884k:<\/strong> The number of refugees currently sheltering at 154 UN facilities across Gaza. (<a target=\"_blank\" href=\"https:\/\/www.unrwa.org\/resources\/reports\/unrwa-situation-report-33-situation-gaza-strip-and-west-bank-including-east-Jerusalem\" style=\"\" rel=\"noopener\">UNRWA<\/a>)<\/li>\n<li><strong>104 + 48:<\/strong> The number of UN workers and journalists killed in the conflict. (<a target=\"_blank\" href=\"https:\/\/www.unrwa.org\/resources\/reports\/unrwa-situation-report-33-situation-gaza-strip-and-west-bank-including-east-Jerusalem\" style=\"\" rel=\"noopener\">UNRWA<\/a> | <a target=\"_blank\" href=\"https:\/\/cpj.org\/2023\/11\/journalist-casualties-in-the-israel-gaza-conflict\/\" style=\"\" rel=\"noopener\">CPJ<\/a>)<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/israel\/\">Israel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/israel-palestine-conflict\/\">Israel-Palestine conflict<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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id=\"610410\" 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=\"610410\">\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\">LAST NIGHT\u2019S TALK SHOWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/20\/gaza-coverage-continues-on-the-airwaves-on-day-44-of-israels-brutal-war\/\">\r\n                            Gaza coverage continues on the airwaves on day 44 of Israel\u2019s brutal war                        <\/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 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data-image-title=\"1026.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1026.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1026.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-610410\" class=\"content-area-description single-story post-610410 post type-post status-publish format-standard has-post-thumbnail hentry category-last-nights-talk-shows tag-construction tag-enterpriseam tag-israel-palestine-conflict tag-last-nights-talk-shows tag-real-estate 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\/.6e3e523f-0933-47c0-9b63-766b090623e6.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It was a mixed bag on the airwaves last night, <\/strong>asthe nation\u2019s talking heads brought us coverage of the aid situation in Gaza, the new building reconciliation bill, and the sudden cold spell that has got us all digging out our jumpers from the wardrobe. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Israel\u2019s brutal war on Gaza remains center stage after 44 days: <\/strong>Little aid has made its way into Gaza in the last few days after UN aid deliveries <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9df9d63c-ed41-40db-a179-8c27b22eea46\" style=\"\" rel=\"noopener\">ground to a halt<\/a> as fuel ran out, but even when it was, it was not enough \u2014 the <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/ytekmrnk\" style=\"\" rel=\"noopener\">latest available data<\/a> puts the number of aid trucks that have entered Gaza since 7 October at 1.1k for a population of over 2 mn people. \u201cWe need three times of the daily aid currently entering Gaza,\u201d Health Minister Khaled Abdel Ghaffar told Kelma Akhira\u2019s Lamees El Hadidi (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=GPI-LEltq1E\" style=\"\" rel=\"noopener\">watch, runtime: 4:13<\/a>). Israel has agreed to allow 140k liters of fuel into Gaza every two days, a quantity that is not even close to covering Gaza\u2019s daily fuel consumption for basic needs \u2014 like operating water stations, hospitals, and bakeries \u2014 UNRWA\u2019s Inas Hamdan told El Hadidi (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=gPsLNLWbHAc\" style=\"\" rel=\"noopener\">watch, runtime: 6:29<\/a>).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The building reconciliation bill was back on the airwaves: <\/strong>MPs yesterday gave initial approval of an updated government bill that will make it easier for owners of illegal buildings to legalize their status in return for paying reconciliation fees and will be up for a final at the House today. \u201cI see this decision as President Abdel Fattah El Sisi\u2019s gift to the citizens,\u201d Ala Masouleety\u2019s Ahmed Moussa said (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=reF-FFYwYbU\" style=\"\" rel=\"noopener\">watch, runtime: 19:10<\/a>). El Hekaya also had the story (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=iJjcxK84yoc\" style=\"\" rel=\"noopener\">watch, runtime: 0:59<\/a>). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO ON THE AIRWAVES-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- It\u2019s officially raincoat season: <\/strong>We\u2019re a month away from winter, but until then brace for low temperatures, rain, and heavy wind, the Egyptian Meteorological Authority\u2019s Manar Ghanem said. (Kelma Akhira | <a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=hu7PbLwjLcU\" style=\"\" rel=\"noopener\">watch, runtime: 4:04<\/a>) | (Ala Maso\u2019uleety | <a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=1n9yNzZsVyw\" style=\"\" rel=\"noopener\">watch, runtime: 6:40<\/a>) | (Al Hayah Al Youm | <a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=xOR1NSaFpSk\" style=\"\" rel=\"noopener\">watch, runtime: 5:46<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- It\u2019s also presidential campaign season: <\/strong>Egyptian Social Democratic Party\u2019s Farid Zahran, the Republican People\u2019s Party Hazem Omar, and President Abdel Fattah El Sisi are all working on their presidential campaigns as they prepare for Egyptians to head to the polls in December, and Al Hayah Al Youm\u2019s Lubna Assal made sure to give it some coverage (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=uNQW1thjzkw\" style=\"\" rel=\"noopener\">watch, runtime: 4:07<\/a> | <a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=aZ8HQu0Jf2o\" style=\"\" rel=\"noopener\">1:13<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Day 1 of Cairo ICT: <\/strong>Communications Minister Amr Talaat gave Moussa (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=7-fYFf2dpLw\" style=\"\" rel=\"noopener\">watch, runtime:<\/a><a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=7-fYFf2dpLw\" style=\"\" rel=\"noopener\">20:36<\/a>) a rundown of the first day of the tech expo. <\/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\/construction\/\">construction<\/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\/real-estate\/\">real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"610412\" class=\"issue-section \">\n<div 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   <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/20\/mystery-of-why-egyptian-treasures-found-buried-in-scotland-intrigues-the-global-press\/\">\r\n                            Mystery of why Egyptian treasures found buried in Scotland intrigues the global press                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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data-image-meta=\"[]\" data-image-title=\"1024.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1024.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1024.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-610413\" class=\"content-area-description single-story post-610413 post type-post status-publish format-standard has-post-thumbnail hentry category-egypt-in-the-news tag-ancient-egypt tag-enterpriseam tag-human-rights 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\/.6e3e523f-0933-47c0-9b63-766b090623e6.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s a mixed bag in the foreign press this morning<\/strong>,with the <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/science\/2023\/nov\/19\/thats-not-a-potato-mystery-of-egyptian-treasures-found-buried-in-grounds-of-scottish-school\" style=\"\" rel=\"noopener\">Guardian<\/a> and the <a target=\"_blank\" href=\"https:\/\/www.independent.co.uk\/news\/uk\/home-news\/archeology-ancient-egypt-melville-house-fife-scotland-b2450031.html\" style=\"\" rel=\"noopener\">Independent<\/a> chronicling how the students of a school in Scotland came to unearth a collection of 18 Egyptian antiquities over three separate occasions between 1952 and 1984. <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/world\/2023\/nov\/19\/my-brother-the-democracy-campaigner-and-political-prisoner-by-sanaa-seif\" style=\"\" rel=\"noopener\">The Guardian<\/a> published a piece by Sanaa Seif, the sister of prominent Egyptian activist and political prisoner Alaa Abdel Fattah, reflecting on their family\u2019s efforts to secure her brother\u2019s release, the challenges of making a prison visit one year ago, and the impact of his captivity on their family.<\/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\/ancient-egypt\/\">Ancient Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/human-rights\/\">human rights<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"610415\" 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=\"610415\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/20\/benya-and-khazna-to-break-ground-on-25-mw-data-center-in-1q-2024-plus-osilan-protech-beltone-capgemini-and-more\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1031.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"610416\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/20\/benya-and-khazna-to-break-ground-on-25-mw-data-center-in-1q-2024-plus-osilan-protech-beltone-capgemini-and-more\/1031-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1031.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1031.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1031.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1031.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-610415\" class=\"content-area-description single-story post-610415 post type-post status-publish format-standard has-post-thumbnail hentry category-uncategorized tag-also-on-our-radar tag-beltone-financial tag-capgemini tag-climate tag-construction tag-data tag-dice-sports-and-casual-wear tag-enterpriseam tag-infrastructure tag-investment-watch tag-khazna tag-legislation tag-ma-watch tag-manufacturing tag-non-banking-financial-services tag-outsourcing tag-protech tag-retail tag-technology tag-transport tag-waste-management 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\/.ede87b6e-6104-4f0d-8271-3df7d76027f6.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We lead this morning with news of still more foreign investment<\/strong>, this time in data centers, a cable factory, and consulting. <\/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>Benya inks partnership agreement with the UAE\u2019s Khazna to build data center:<\/strong> Egypt\u2019s <a target=\"_blank\" href=\"https:\/\/benya.tech\/\" style=\"\" rel=\"noopener\">Benya Group<\/a> signed a partnership agreement with UAE-based <a target=\"_blank\" href=\"https:\/\/www.khazna.ae\/\" style=\"\" rel=\"noopener\">Khazna Data Centers<\/a> to push along their <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2bf9b435-20e3-48b4-9692-ea9cc53088d8\" style=\"\" rel=\"noopener\">plans<\/a> to build a USD 250 mn, 25 MW data center in Maadi Technology Park, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/11\/1013.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a> yesterday. Construction work on the hyperscale data storage facility will begin in the first quarter of 2024. The announcement was made at <a target=\"_blank\" href=\"https:\/\/cairoict.com\/\" style=\"\" rel=\"noopener\">Cairo ICT<\/a>, the industry conference.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS-<\/strong><a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/11\/1034.pdf\" style=\"\" rel=\"noopener\">Matouk Bassiouny & Hennawy (pdf)<\/a> was legal advisor to Khazna on the joint venture agreement. <\/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>A USD 50 mn cable factory:<\/strong> Local tech solutions provider <a target=\"_blank\" href=\"https:\/\/www.protechegypt.com\/\" style=\"\" rel=\"noopener\">Protech<\/a> and UK-based cable company <a target=\"_blank\" href=\"https:\/\/www.osilan.co.uk\/\" style=\"\" rel=\"noopener\">Osilan<\/a> are looking to set up a USD 50 mn fiber optic cables factory in Egypt, Protech CEO Tamer El Hennawi told <a target=\"_blank\" href=\"https:\/\/bit.ly\/40Hn9eJ\" style=\"\" rel=\"noopener\">Al Mal<\/a>. The plant will be built in East Port Said and will initially produce 20-25 mn meters of cables per year. The company will focus on the local market during the first year of operation before targeting overseas customers in African countries after. The plant is expected to come online in 2024.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OUTSOURCING-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Capgemini inaugurates <\/strong><strong>Egypt HQ: <\/strong>French multinational IT and consulting firm <a target=\"_blank\" href=\"https:\/\/www.capgemini.com\/eg-en\/\" style=\"\" rel=\"noopener\">Capgemini<\/a> yesterday inaugurated its Egypt headquarters in New Cairo, <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/capgemini-inaugurates-cutting-edge-technology-and-delivery-centre-in-egypt-wlfimc2z\" style=\"\" rel=\"noopener\">t<\/a><a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/capgemini-inaugurates-cutting-edge-technology-and-delivery-centre-in-egypt-wlfimc2z\" style=\"\" rel=\"noopener\">he comp<\/a><a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/capgemini-inaugurates-cutting-edge-technology-and-delivery-centre-in-egypt-wlfimc2z\" style=\"\" rel=\"noopener\">any<\/a> and <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/4ubuzvfy\" style=\"\" rel=\"noopener\">cabinet<\/a> said yesterday. The headquarters houses the company's outsourcing center and serves clients across the Middle East, Europe, and North America. The company wants to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bd4e09bb-a831-4dcf-b149-0ac5d4932182\" style=\"\" rel=\"noopener\">add 3k employees<\/a> to its Egyptian workforce by 2026. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember: <\/strong>Capgemini was <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/4jttswuc\" style=\"\" rel=\"noopener\">amongst 29 global outsourcing firms<\/a> to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cd0a86d5-e399-4532-be08-252e86d0be93\" style=\"\" rel=\"noopener\">ink agreements<\/a> with the Communications Ministry\u2019s Information Technology Industry Development Agency (ITIDA) last December to expand their footprint in Egypt. Capgemini kicked off operations in the country last September.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>NBFS-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Beltone unit lands mortgage finance license:<\/strong> Beltone Financial Holding subsidiary Beltone Mortgage Finance has received a mortgage finance license from the Financial Regulatory Authority (FRA), the company said in <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/11\/975.pdf\" style=\"\" rel=\"noopener\">a statement (pdf)<\/a> yesterday. <\/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>Dice founders officially own more than half of the company: <\/strong>The share transfer of a third of EGX-listed Dice Sports and Casual Wear to the company\u2019s founding family was completed yesterday, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/11\/1008.jpg\" style=\"\" rel=\"noopener\">EGX disclosure<\/a>. Toma Company for Commercial and Industrial Investments last week <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3959e977-092b-4868-bb8a-8429e2b32baa\" style=\"\" rel=\"noopener\">repurchased 545 mn shares<\/a> \u2014 equal to a 30.5% stake \u2014 for EGP 0.80 per share, raising the family\u2019s total stake to 58.6% in a EGP 436 mn transaction.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>LEGISLATION- <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u2018Provisional\u2019 approval on the new building reconciliation law:<\/strong> The House has provisionally approved the new building violation reconciliation law, which replaces a 2019 law designed to legalize informal buildings, and aims to prevent structures built next to the Nile from being legalized. The bill, which got the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0e91cb15-5151-475a-a80d-90205c0e59b3\" style=\"\" rel=\"noopener\">greenlight<\/a> from the House Housing Committee last December, will be discussed in parliament today before a final vote goes ahead. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WASTE MANAGEMENT-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Environment Ministry launches initiative to formalize our waste management<\/strong><strong> industry for the nth time. <\/strong>The new program to provide training, official industry registration, and extend ins. protection for workers of our largely informal waste collection industry was launched in a <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/ywa2ty8f\" style=\"\" rel=\"noopener\">statement<\/a> yesterday. The first phase of the project will enroll 700 workers from across Cairo, Giza, Dakhalia, Qalyubia, Kafr El Sheikh, Gharbia, and Menoufia who register online for the program. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>GREEN ECONOMY- <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Our annual carbon emissions from transport cut by 1.1 mn tons:<\/strong> Projects implemented under the government\u2019s Nexus for Food, Water and Energy (NFWE) initiative launched last year have cut the transport sector\u2019s annual carbon emissions by around 1.1 mn tons annually, according to Transport Minister Kamel El Wazir, speaking at the NWFE\u2019s first annual stocktake yesterday, <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/9zw4mbt5\" style=\"\" rel=\"noopener\">Hapi Journal<\/a> wrote. Wazir described the transport as having the second highest impact on the environment.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- We\u2019ve got plenty of capital lined up for our planned NFWE water projects:<\/strong>Water projects under the NFWE initiative attracted some USD 2.3 bn in funds, surpassing the initial target of USD 1.6 bn, according to <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/5bkkpc6t\" style=\"\" rel=\"noopener\">Al Shorouk<\/a>, citing the African Development Bank\u2019s director Mohamed El Azizi. The funds will be funneled into renewables-powered seawater desalination projects and initiatives to provide irrigation using solar energy. <\/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\/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\/beltone-financial\/\">Beltone Financial<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/capgemini\/\">Capgemini<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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             <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/20\/another-day-another-record-high-on-the-egx\/\">\r\n                            EGX reaches fresh record high as currency fears mount                        <\/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\/20\/another-day-another-record-high-on-the-egx\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n   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data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/20\/another-day-another-record-high-on-the-egx\/1022-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1022.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1022.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1022.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1022.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-610417\" class=\"content-area-description single-story post-610417 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-egx tag-enterpriseam tag-financial-markets tag-planet-finance 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\/.6e3e523f-0933-47c0-9b63-766b090623e6.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The EGX30 hit a fresh high (again) ahead of the expected devaluation:<\/strong> The value of the EGX30 index is continuing to reach new heights as investors <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d9ae3f49-e54e-43cd-8ef9-0e66e90ff04d\" style=\"\" rel=\"noopener\">pile into alternatives to LCY cash deposits<\/a> in response to the prolonged currency uncertainty fuelled by widespread anticipation of another devaluation in the coming weeks. The benchmark index climbed 2.1% yesterday to close just shy of 25k, continuing an unprecedented bull run in Egyptian stocks which received a further boost in recent weeks by CBE measures to curb FX use and the war in Gaza. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Gold prices are also continuing to march upward:<\/strong> The price of 24-carat gold has now climbed <a target=\"_blank\" href=\"https:\/\/www.almasryalyoum.com\/news\/details\/3034084\" style=\"\" rel=\"noopener\">above EGP 3,100 per gram<\/a> after surpassing the EGP 3k mark for the first time ever a week ago. Gold prices have soared 63% since the beginning of the year.<\/p><p><a target=\"_blank\" id=\"t.29893b489ad26a5ec3d02f33b693e3d58c74ae07\" rel=\"noopener\"><\/a><a target=\"_blank\" id=\"t.0\" rel=\"noopener\"><\/a> <\/p><div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table table-striped markets-table\">\n<tbody>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EGX30 <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">24,900<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+2.1% (YTD: +70.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD (CBE)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 30.83<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 30.96<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD at CIB<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 30.85<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 30.95<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Interest rates CBE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">19.25% deposit<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">20.25% lending<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-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\">11,137<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.5% (YTD: +6.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,575<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.3% (YTD: -6.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>DFM<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">3,995<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.3% (YTD: +19.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4,514<\/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: +17.6%)<\/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>FTSE 100<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">7,504<\/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\">+1.3% (YTD: +0.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Euro Stoxx 50<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4,341<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.9% (YTD: +14.4%)<\/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 80.61<\/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\">+4.1%<\/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>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 2.96<\/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\">-3.3%<\/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 1,984.70<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 37,030.07<\/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\">+1.3% (YTD: +123.7%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The EGX30 rose 2.1% at yesterday\u2019s close<\/strong> on turnover of EGP 3.2 bn (20.4% above the 90-day average). Regional investors were net sellers. The index is up 70.6% YTD.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green: <\/strong>CIRA Education (+11.1%), Sidpec (+6.8%) and Mopco (+5.7%).<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Palm Hills Development (-2.4%), GB Corp (-1.7%) and Madinet Masr (-1.6%).<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-markets\/\">Financial Markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/planet-finance\/\">Planet Finance<\/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 blackboard wp-block-group issue-section\" id=\"610419\">\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\/27466.svg\" style=\"width:80%\" alt=\"\" >\r\n                                    <\/figure>\r\n                <p>\r\n                    Our weekly deep dive into education in Egypt, from K-12 to post-secondary.                <\/p>\r\n                <figure class=\"wp-block-image size-full mt-0 mb-0 img-white-bg\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27480.svg\" alt=\"\"><\/figure>\r\n                <p class=\"has-text-color has-link-color\">\r\n                    Published every Monday in EnterpriseAM.                <\/p>\r\n                <div class=\"wp-block-buttons mt-0\">\r\n                    <div class=\"wp-block-button\">\r\n                        <a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/enterpriseam.com\/egypt\/blackboard\/\">\r\n                            Read Blackboard                        <\/a>\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column issue-section\">\r\n                <div class=\"story-section\">\r\n                    <div class=\"issue-story-header text-center\">\r\n                        <div class=\"index-number\">8<\/div>\r\n\r\n                        <p class=\"f-graphik\">BLACKBOARD<\/p>\r\n                        <h3 class=\"story-title\"><a href=\"https:\/\/enterpriseam.com\/egypt\/blackboards\/our-executive-education-industry-is-adapting-to-new-business-realities\/\">\r\n                            Egypt\u2019s executive education industry is adapting to new business realities<\/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\/blackboards\/our-executive-education-industry-is-adapting-to-new-business-realities\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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There is broad consensus among the major education service providers that the executive education sector, and learning and development (L&D) at large, represents a substantial market with considerable untapped potential \u2014 albeit lacking concrete figures to demonstrate its substantial market value. Even though covid-19 and the weakening EGP took a toll on the executive education sector with some players leaving the market entirely, corporates and education service providers say that education is a necessity, not a luxury amid a challenging environment. Navigating the challenging terrain lies in mastering the art of \u201cagility\u201d \u2014 the capacity to morph and adapt to the ever-changing, turbulent market dynamics that Egypt is no stranger to. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- What\u2019s executive education again?<\/strong> Executive education is a type of post-graduate education that is geared towards helping executives, business leaders and professionals work towards enhancing their skillsets. Executive education is a \u201cmixture between scientific knowledge, experiential knowledge and relatability to a certain business. The relatability factor and the application factor is a bit higher than what you can get from a PhD or a masters degree, or what you can get from a certificate or a continuing education degree,\u201d Manager at the AUC School of Business Executive Education Yasmin Khalil told Enterprise. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It is a promising market:<\/strong> The exact size of the market is difficult to determine given the unavailability of financial disclosures. However, we were given rough estimates: \u201cWe have our numbers in terms of our alumni that we have gathered throughout the years, it's more than 4k alumni, but that\u2019s only ours, if we add the AUC business school and the School of Continuing Education, it will be in the hundreds of thousands,\u201d according to AUC\u2019s Senior Director of Executive Education at the School of Global Affairs & Public Policy (GAPP), Mohamed Fahmy. The GAPP Executive Education Program boasts over 200 programs, engaging a participant base of 4k individuals and delivering a total of 25k training hours. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u2026with lots of potential<\/strong>: \u201cIn terms of the potential of the market, we\u2019re talking about the whole workforce of the country, mns of people that need this kind of intervention. The typology of intervention varies from one sector to another. But in our case, working with the state, 6 mn employees work for the different government entities. This is just the state. If we add in the civil society and the private sector, we\u2019re talking about more millions that need this type of intervention. The market is just massive in Egypt,\u201d Fahmy tells us. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Financing and resources are often a pain point:<\/strong> GAPP ExEd primarily focuses on upskilling individuals in the public sector and civil society \u2014 both sectors that frequently lack sufficient funding and resources for self-financed training, unlike the private sector. \u201cSometimes there are great ideas and people know what they want to enhance their abilities, but they\u2019re stuck when it comes to financing or being able to create their own resources for that particular training or opportunity,\u201d Fahmy says. GAPP ExEd tries to bridge the gap between donors and recipients, aligning their interests, and securing funding stands as a key opportunity, marking success when both their visions converge.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ExEd also grappled with difficulties amid the economic challenges<\/strong>: The market experienced several setbacks this year due to the devaluation and the FX crunch, prompting some \u201cbig\u201d players in the sector to exit the market entirely, Executive Education Director at ESLSCA Wael Farag told us. Currently, industries are grappling with concerns related to \u201csupply chain management and sustainability in supply chain\u201d \u2014 issues emblematic of the current economic situation, to which corporations turn to education providers for help, according to Farag. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Education providers should capitalize on agility: <\/strong>\u201cEducation is not a luxury anymore because of the shifts that happen daily in the economic scene. They need programs agile enough to address all the needs resulting from recent changes. Executives need to be well-equipped to adapt and thrive,\u201d Farag tells us.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sustainability + digital transformation were (unsurprisingly) the trending topics for ExEd this <\/strong><strong>year: <\/strong>the global \u2014 and local \u2014 shift towards being sustainable and having a competitive digital infrastructure trickled down to individuals and corporates who had to adapt to new ways of operating, embracing eco-friendly practices, and upgrading their digital capabilities to stay relevant in this evolving landscape, Farag told us. Individuals and corporates are also increasingly \u201cinterested in making AI relevant in their own working places,\u201d according to Fahmy. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Education service providers need to develop programs that are malleable and could cater to the <\/strong><strong>ever-shifting needs of corporations and individuals.<\/strong> \u201cWith the very dynamic market we\u2019re in, corporates sometimes have to shift or change the structure of the training or needs, so they need a training provider that has agility to be able to redirect the training or change times or dates,\u201d HR Programs Manager at the AUC School of Business Executive Education Shireen El Kaluobi told us.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Your top education stories for the week: <\/strong><strong>Nahdet Misr inks funding agreement for educational project: <\/strong>Publishing house and educational services provider Nahdet Misr will receive a EUR 3.5 mn grant from Germany\u2019s Facility Investing for Employment to help establish the Ta\u2019heal International Academy for vocational education and training, it said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/11\/822.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/blackboard\/\">Blackboard<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/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=\"610421\" 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\/20\/610421\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-610421\" class=\"content-area-description single-story post-610421 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>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;\">23 November (Thursday): The Saudi Egyptian Real Estate Investment Conference.<\/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>10-12 December (Sunday-Tuesday): Voting <\/span><span>in presidential<\/span><span style=\"font-weight:400;\"> 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\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>Big Saudi investment | Tourism up on 2022? | Dice sale wraps  | Big money data center<\/p>\n","protected":false},"featured_media":610397,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-610396","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"da4fe0d8-11c9-46b7-bfa1-179390c6635b","teaser":"Big Saudi investment | Tourism up on 2022? | Dice sale wraps  | Big money data center","photo_url":"https:\/\/ent.news\/2023\/11\/1036.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 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