{"id":621264,"date":"2018-11-05T04:00:48","date_gmt":"2018-11-05T04:00:48","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=621264"},"modified":"2025-12-17T06:14:58","modified_gmt":"2025-12-17T06:14:58","slug":"63-of-egyptian-businesses-are-optimistic-says-hsbc","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/63-of-egyptian-businesses-are-optimistic-says-hsbc\/","title":{"rendered":"63% of Egyptian businesses are optimistic, says HSBC"},"content":{"rendered":"<section id=\"621266\" 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=\"621266\">\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\/2018\/11\/05\/what-were-tracking-on-5-november\/\">\r\n                            What we\u2019re tracking on 5 November                        <\/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\/2018\/11\/05\/what-were-tracking-on-5-november\/\" 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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You can <a href=\"https:\/\/www.markiteconomics.com\/Survey\/Page.mvc\/PressReleases\">download the press release here<\/a> where it arrives at about 6:15am CLT. <a href=\"https:\/\/enterprise.press\/stories\/2018\/10\/04\/marginal-deterioration-in-operating-conditions-at-non-oil-private-sector-companies-pmi\/\">September\u2019s PMI gauge<\/a> had dipped after a three-month period of improvement in Egypt\u2019s non-oil private sector.<\/p><p><strong>Tourism Minister Rania Al Mashat is in London to attend the <\/strong><a href=\"http:\/\/london.wtm.com\/\"><strong>World Travel Market<\/strong><\/a><strong>, <\/strong>heading an Egyptian delegation of tourism companies and hotels, which runs tomorrow through Wednesday, <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1339862\">Youm7 reports<\/a>.<\/p><p><strong>US sanctions against Iran\u2019s oil and finance sectors go into effect today<\/strong>. Europeans are among the many <a href=\"https:\/\/www.ft.com\/content\/644d3400-e045-11e8-a6e5-792428919cee?kbc=64b6eac1-efb0-4d1e-8e00-4d577c26771d\">scrambling to find a way<\/a> around the new regime. There\u2019s still no word on whether Egypt is among the eight countries to whom the US will grant waivers allowing them to continue buying Iranian crude, but US Secretary of State Mike Pompeo <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-11-04\/pompeo-defends-temporary-waivers-granted-for-iran-oil-buying?srnd=premium-middle-east\">defended the move<\/a> yesterday. An oil ministry source told <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1339916\">Al Masry Al Youm<\/a> yesterday that Egypt does not import crude from Iran despite an <a href=\"https:\/\/www.cnbc.com\/2018\/11\/02\/us-is-reportedly-granting-8-countries-iran-sanctions-waivers.html\">earlier report<\/a> in the international press that we import from Iran for the Sumed pipeline.<\/p><p><strong>Contrarian view? Or simple boredom? <\/strong>Is the narrative on emerging markets shifting, or is the Financial Times simply bored of the EM Zombie Apocalypse and trying out a different take? It begins with the <a href=\"https:\/\/www.ft.com\/content\/648f903a-dde7-11e8-9f04-38d397e6661c?kbc=fab33c6e-17a3-4c4b-b457-1c8e7aceff6d\">FT\u2019s suggestion<\/a> that <strong>outflows from emerging markets debt haven\u2019t been as sharp as you might have expected<\/strong> from all the hoopla in the headlines. This comes as <strong>EMs have also become more resilient to shocks by adopting sound economic policies<\/strong> that help insulate against external risks, <a href=\"https:\/\/www.ft.com\/content\/d413ddb8-deb8-11e8-8f50-cbae5495d92b\">the salmon-colored paper<\/a> adds. \u201cOver the years, they have ditched currency pegs in favour of floating exchange rates, inflation has been brought under better control, fiscal policy is generally more disciplined, financial regulation has improved and much more debt is issued in local currencies.\u201d EMs are also generally better equipped to repay foreign debt, even if \u2014 like Turkey and Argentina \u2014 their currencies tumble against the USD.<\/p><p><strong>Oh, and EM currencies? They\u2019re looking rather attractively priced right now<\/strong>, the paper notes, suggesting \u201cEM FX may be at its <a href=\"https:\/\/www.ft.com\/content\/cc30bfa2-db7b-11e8-9f04-38d397e6661c\">cheapest since the 1980s<\/a> in inflation-adjusted terms.\u201d<\/p><p><strong>Saudi\u2019s allies look for a \u2018tamer\u2019 MbS as Khashoggi case recedes from headlines: <\/strong>The kingdom\u2019s allies in the Gulf and the wider MENA region are hoping that the fallout following the death of journalist Jamal Khashoggi will rein in Saudi Crown Prince Mohammed bin Salman\u2019s \u201caggressive policies,\u201d diplomats and senior officials <a href=\"https:\/\/www.ft.com\/content\/0e5cf31e-ddf2-11e8-8f50-cbae5495d92b\">told the FT\u2019s Heba Saleh<\/a>. That\u2019s just one of several pieces on KSA making the rounds at the moment as the international business press looks to keep alive interest in KSA. Also worth checking out:<\/p><ul>\n<li>Investors scarred by Saudi shocks see bigger risks than Qatar (<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-11-04\/investors-scarred-by-saudi-shocks-see-bigger-risks-than-qatar?srnd=premium-middle-east\">Bloomberg<\/a>)<\/li>\n<li>Consulting firms are still lining up to do business in KSA (<a href=\"https:\/\/www.nytimes.com\/2018\/11\/04\/world\/middleeast\/mckinsey-bcg-booz-allen-saudi-khashoggi.html\">New York Times<\/a>)<\/li>\n<li>Alwaleed bin Talal\u2019s brother has reportedly been released after his arrest (<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-11-03\/saudi-prince-alwaleed-s-brother-sent-home-after-reported-arrest?srnd=premium-middle-east\">Bloomberg<\/a> | <a href=\"https:\/\/www.wsj.com\/articles\/saudi-arabia-releases-prince-from-corruption-crackdown-in-move-aimed-at-easing-royal-tensions-1541267207\">WSJ<\/a>)<\/li>\n<li>Saudis call for Amazon boycott over anger at Washington Post (<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-11-04\/saudis-call-for-amazon-boycott-over-anger-at-washington-post?srnd=premium-middle-east\">Bloomberg<\/a>)<\/li>\n<\/ul><p><strong>Americans head to the polls tomorrow in midterm elections <\/strong>with control of the House of Representatives at stake. Driven in part by the narrative that women will turn out against The Donald, polls suggest Democrats could <a href=\"https:\/\/www.politico.com\/story\/2018\/11\/04\/2018-elections-midterms-final-push-960498\">narrowly wrest control of the House<\/a> from the GOP \u2014 <a href=\"https:\/\/www.politico.com\/story\/2018\/11\/04\/2018-elections-democrats-2016-nightmares-midterms-960458\">prompting nightmares for liberals<\/a> in which 2016 repeats itself. Early signs suggest <a href=\"https:\/\/www.nytimes.com\/interactive\/2018\/11\/02\/us\/politics\/early-voting.html\">turnout could be heavy<\/a>. Want to follow the tick-tock? The New York Times has <a href=\"https:\/\/www.nytimes.com\/2018\/11\/04\/us\/politics\/midterm-elections-update.html?action=click&amp;module=Top%20Stories&amp;pgtype=Homepage\">coverage throughout the day<\/a>, as do <a href=\"https:\/\/www.axios.com\/midterm-elections-countdown-latest-news-913e6ca7-3bca-48ba-8a93-c127fba98276.html\">Axios<\/a> and <a href=\"https:\/\/www.politico.com\/\">Politico<\/a>.<\/p><p><strong>Fantasy football: <\/strong><a href=\"https:\/\/www.axios.com\/trumps-women-problem-2020-poll-05a62799-a63d-422b-afb7-59b0139794f1.html\">Trump has a \u201cwoman problem\u201d in 2020<\/a>, writes Axios.<\/p><p><strong>Spotify is coming to Egypt and the wider MENA region<\/strong>, according to a report in <a href=\"https:\/\/www.menabytes.com\/spotify-mena\/\">MENA Bytes<\/a>. The service appears to be available by invitation only right now. It\u2019s part of a <a href=\"https:\/\/www.ft.com\/content\/463e2b04-dfbe-11e8-a6e5-792428919cee\">trend of Western streaming services pushing into emerging and frontier markets<\/a>. We have more in today\u2019s Macro Picture, below.<\/p><p><strong>READ OF THE MORNING: <\/strong>The guy who wrote <a href=\"https:\/\/www.amazon.com\/Sapiens-Humankind-Yuval-Noah-Harari-ebook\/dp\/B00JTCH382\">Sapiens<\/a> and <a href=\"https:\/\/www.amazon.com\/gp\/product\/0062464345\/ref=dbs_a_def_rwt_bibl_vppi_i2\">Homo Deus<\/a>, the high-profile Israeli academic Yuval Noah Harari, is out this year with <a href=\"https:\/\/www.amazon.com\/Lessons-21st-Century-Yuval-Harari-ebook\/dp\/B07B77NHHL\/ref=tmm_kin_swatch_0?_encoding=UTF8&amp;qid=&amp;sr=\">21 Lessons for the 21st Century<\/a>. While on a visit to the US, he sat down with the New York Times\u2019 business page for a <a href=\"https:\/\/www.nytimes.com\/2018\/10\/18\/business\/q-and-a-yuval-harari.html\">great talk about what artificial intelligence means for workers and the prospect of a global AI arms race<\/a>, among other topics.<\/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\/emerging-markets\/\">emerging markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/iran\/\">Iran<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/jamal-khashoggi\/\">Jamal Khashoggi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mohammed-bin-salman\/\">Mohammed bin Salman<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pmi\/\">PMI<\/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\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us\/\">US<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-travel-market\/\">World Travel Market<\/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=\"621269\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 .stk-block-carousel__button svg.ugb-custom-icon :is(g, path, rect, polygon, ellipse){fill:#FFFFFF !important;}<\/style>\r\n                <div class=\"stk-block-carousel__content-wrapper\">\r\n                <div class=\"stk-row stk-inner-blocks stk-block-content stk-block-carousel__slider-wrapper stk-content-align stk-a38cfb2-column alignwide\">\r\n                <div class=\"stk-block-carousel__slider\" role=\"list\" 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role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"621270\" 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=\"621270\">\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\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/continued-coverage-of-the-wyf-trying-to-regulate-tuk-tuks-in-egypt\/\">\r\n                            Continued coverage of the WYF; trying to regulate tuk tuks in Egypt                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/continued-coverage-of-the-wyf-trying-to-regulate-tuk-tuks-in-egypt\/\" 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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             X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/continued-coverage-of-the-wyf-trying-to-regulate-tuk-tuks-in-egypt\/&title=Continued coverage of the WYF; trying to regulate tuk tuks in Egypt\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Continued+coverage+of+the+WYF%3B+trying+to+regulate+tuk+tuks+in+Egypt+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F05%2Fcontinued-coverage-of-the-wyf-trying-to-regulate-tuk-tuks-in-egypt%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/continued-coverage-of-the-wyf-trying-to-regulate-tuk-tuks-in-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-621270\" class=\"content-area-description single-story post-621270 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-enterprise-last-nights-talk-shows tag-enterpriseam tag-terrorism tag-transport tag-world-youth-forum wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The talking heads picked up where they left off with their coverage of the World Youth Forum<\/strong> in Sharm El Sheikh, with many of them paying close attention to President Abdel Fattah El Sisi\u2019s speech during yesterday\u2019s session.<\/p>\n<p><strong>The fact that El Sisi did not refer to the 2011 uprising as a conspiracy<\/strong> particularly impressed Hona Al Asema\u2019s Dina Zahra, who noted that the president said that the uprising had a detrimental effect on the country (<a href=\"https:\/\/www.youtube.com\/watch?v=JhQMfW_llyw\">watch, runtime: 33:35<\/a>).<\/p>\n<p><strong>El Hekaya\u2019s Amr Adib lauded the president for being \u201cclear\u201d<\/strong> while also indirectly relaying a message to the general populace warning them against attempting to revolt (<a href=\"https:\/\/www.youtube.com\/watch?v=YhXK6beOT78\">watch, runtime: 5:52<\/a>). Adib also railed against opposition groups looking to bring about a change in leadership through elections, saying that they are chronically ill-prepared and are not likely to find a reasonable candidate to field in the 2022 presidential election. The host\u2019s rant was apparently brought on by tweets from Mohamed El Baradei and Ayman Nour calling on the country\u2019s opposition to put up a united front (<a href=\"https:\/\/www.youtube.com\/watch?v=6F13hT3Oy6U\">watch, runtime: 7:32<\/a>).<\/p>\n<p><strong>The terrorist attack in Minya last weekend received passing mention<\/strong> from Al Hayah Al Youm\u2019s Khaled Abu Bakr, who framed it as an attempt to scandalize Egypt before the World Youth Forum (<a href=\"https:\/\/www.youtube.com\/watch?v=tDTqPt1P3GI\">watch, runtime: 1:35<\/a>).<\/p>\n<p><strong>Tuk tuk-induced chaos costs the country EGP 7-11 bn per annum<\/strong>, Local Development Minister Mahmoud Shaarawy said yesterday. A visibly distressed Amr Adib discussed the figure with Rep. Ahmed El Segini, who said he is working with the authorities to prepare various proposals to regulate tuk tuks, seeing as abolishing them at this point is a tad unrealistic (<a href=\"https:\/\/www.youtube.com\/watch?v=KUxeh1zF97Y\">watch, runtime: 6:59<\/a>).<\/p>\n<p><strong>A Housing Ministry decision to grant residency to foreigners who purchase real estate worth at least USD 100k received praise<\/strong> from Memaar Al Morshedy founder Mohamed Al Morshedy, who said that the decision will support the real estate and tourism industries (<a href=\"https:\/\/www.youtube.com\/watch?v=efxhqtIjbo0\">watch, runtime: 2:39<\/a>). Amr Adib was also rather enthused at the prospect of a new source of USD inflows (<a href=\"https:\/\/www.youtube.com\/watch?v=ARsP1AuxFPo\">watch, runtime: 4:32<\/a>).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-last-nights-talk-shows\/\">Enterprise+: Last Night\u2019s Talk Shows<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/terrorism\/\">terrorism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/transport\/\">transport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-youth-forum\/\">World Youth Forum<\/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=\"621271\" 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=\"621271\">\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\">Speed Round<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/egypts-fra-says-suspended-beltones-investment-banking-arm-due-to-irregularities-in-sarwa-ipo\/\">\r\n                            Egypt\u2019s FRA says suspended Beltone\u2019s investment banking arm due to irregularities in Sarwa IPO                        <\/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\/2018\/11\/05\/egypts-fra-says-suspended-beltones-investment-banking-arm-due-to-irregularities-in-sarwa-ipo\/\" 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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He did not specify what those alleged irregularities were.<\/p>\n<p><strong>Beltone has filed an appeal<\/strong> to challenge the FRA decision. A senior exec at the firm told us overnight that Beltone has yet to be informed of the exact allegations against it.<\/p>\n<p><strong>Investor complaints prompted the investigation, not the drop in Sarwa\u2019s share price at IPO: <\/strong>The FRA opened its investigation after some investors filed complaints about the IPO, sources told <a href=\"http:\/\/almalnews.com\/Story\/397079\/11\/%D8%A8%D9%84%D8%AA%D9%88%D9%86-%D8%AA%D8%AA%D8%B8%D9%84%D9%85-%D8%B9%D9%84%D9%89-%D8%A5%D9%8A%D9%82%D8%A7%D9%81-%D8%B0%D8%B1%D8%A7%D8%B9-%D8%A7%D9%84%D8%AA%D8%B1%D9%88%D9%8A%D8%AC-\">Al Mal<\/a>, stressing that the aftermarket share performance was not the cause of the investigation. One investor speaking to the newspaper said that Beltone had advised him demand for Sarwa was so high, he should place an order for 400k shares during the subscription period to ensure an allocation of 100k shares \u2014 only to find he had been allocated the full 400k shares. The company\u2019s shares <a href=\"https:\/\/enterprise.press\/stories\/2018\/10\/16\/sarwa-capital-shares-closed-down-more-than-11-in-their-egx-debut-raising-questions-about-the-outlook-for-the-fall-equity-raisin-season\/\">closed down more than 11%<\/a> in their EGX debut amid the same Emerging Markets Zombie Apocalypse that shortly after prompted the government to <a href=\"https:\/\/enterprise.press\/stories\/2018\/10\/22\/state-privatization-program-postponed-amid-emerging-market-headwinds-govt-remains-completely-committed-to-program-but-could-tweak-lineup-of-participating-companies-2\/\">delay its own share-sale plans<\/a>.<\/p>\n<p><strong>It is still unclear what, if any, connection there is between the suspension and a bid by Beltone\u2019s parent company for c. 30% of Sarwa.<\/strong> The <a href=\"https:\/\/ent.news\/2018\/11\/1270.pdf\">FRA decision (pdf)<\/a> last Thursday to suspend the firm came only a day after Naguib Sawiris\u2019 Orascom Investment Holding (OIH), which owns Beltone Financial, said it was looking to <a href=\"https:\/\/enterprise.press\/stories\/2018\/11\/01\/orascom-investment-wants-30-stake-in-sarwa-capital\/\">acquire a non-controlling stake<\/a> of at least 25% in Sarwa Capital. Sarwa\u2019s shares jumped 10% after OIH\u2019s announcement, closing at EGP 6.17 on Wednesday (the day of the announcement).<\/p>\n<p><strong>What of Beltone\u2019s IPO pipeline? <\/strong>Giza Spinning and Weaving is committed to having Beltone Financial quarterback its upcoming IPO despite the FRA decision, <a href=\"https:\/\/www.almalnews.com\/Story\/396996\/11\/%C2%AB%D8%AC%D9%8A%D8%B2%D8%A9-%D9%84%D9%84%D8%BA%D8%B2%D9%84-%D9%88%D8%A7%D9%84%D9%86%D8%B3%D9%8A%D8%AC%C2%BB-%D8%AA%D8%A4%D9%83%D8%AF-%D8%A7%D8%B3%D8%AA%D9%85%D8%B1%D8%A7%D8%B1-%D8%A8%D9%84%D8%AA%D9%88%D9%86-%D9%85%D8%AF%D9%8A%D8%B1%D9%8B%D8%A7-%D9%84%D9%84%D8%B7%D8%B1%D8%AD-%D9%81\">managing director Fadel Marzouk told Al Mal<\/a>. Giza Spinning was planning to sell 40% of its shares in 4Q2018, but postponed the offering amid the slump in local and global equity markets, Marzouk said. Marzouk\u2019s statement suggests that the IPO will be pushed back at least another six months.<\/p>\n<p><strong>Market reacts: <\/strong>Beltone Financial\u2019s shares fell as much as 8% on Sunday, closing at EGP 6.60 while Sarwa Capital\u2019s shares dipped 1.43%, closing at EGP 6.21.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/beltone-financial\/\">Beltone Financial<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/contact-financial\/\">Contact Financial<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-regulatory-authority\/\">Financial Regulatory Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/giza-spinning-and-weaving\/\">Giza Spinning and Weaving<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ipo-watch\/\">IPO watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/speed-round\/\">SPEED ROUND<\/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=\"621281\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"621282\" 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=\"621282\">\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\">Up Next<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/what-were-tracking-this-week-and-beyond-50\/\">\r\n                            What we\u2019re tracking this week and beyond                        <\/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\/2018\/11\/05\/what-were-tracking-this-week-and-beyond-50\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/what-were-tracking-this-week-and-beyond-50\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/what-were-tracking-this-week-and-beyond-50\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=What we\u2019re tracking this week and beyond&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/what-were-tracking-this-week-and-beyond-50\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/what-were-tracking-this-week-and-beyond-50\/&title=What we\u2019re tracking this week and beyond\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=What+we%E2%80%99re+tracking+this+week+and+beyond+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F05%2Fwhat-were-tracking-this-week-and-beyond-50%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\/2018\/11\/05\/what-were-tracking-this-week-and-beyond-50\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-621282\" class=\"content-area-description single-story post-621282 post type-post status-publish format-standard hentry category-up-next tag-enterpriseam tag-up-next wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>The government will announce by mid-November the date of its first <strong>auction of \u2018unused\u2019 state land<\/strong>, Public Enterprise Minister Hisham Tawfik has said. As many as 10 mn sqm of state-owned land in 10 governorates will be up for sale to developers.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/up-next\/\">Up Next<\/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=\"621283\" 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=\"621283\">\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\">THE MACRO PICTURE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/universal-music-group-taps-africa-as-the-next-big-market\/\">\r\n                            Universal Music Group taps Africa as the next big market                        <\/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\/2018\/11\/05\/universal-music-group-taps-africa-as-the-next-big-market\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/universal-music-group-taps-africa-as-the-next-big-market\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/universal-music-group-taps-africa-as-the-next-big-market\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Universal Music Group taps Africa as the next big market&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/universal-music-group-taps-africa-as-the-next-big-market\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/universal-music-group-taps-africa-as-the-next-big-market\/&title=Universal Music Group taps Africa as the next big market\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Universal+Music+Group+taps+Africa+as+the+next+big+market+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F05%2Funiversal-music-group-taps-africa-as-the-next-big-market%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\/2018\/11\/05\/universal-music-group-taps-africa-as-the-next-big-market\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-621283\" class=\"content-area-description single-story post-621283 post type-post status-publish format-standard hentry category-the-macro-picture tag-africa tag-enterpriseam tag-music tag-the-macro-picture wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Universal Music Group taps Africa as the next big market. <\/strong>On Sunday the world\u2019s largest music company <a href=\"https:\/\/www.ft.com\/content\/463e2b04-dfbe-11e8-a6e5-792428919cee\">struck a licensing agreement with Boomplay<\/a>, a fast-growing African music streaming service. Under the pact, UMG \u2014 which is home to Lady Gaga, Kendrick Lamar, and Elton John, among others \u2014 will license its catalogue to <a href=\"https:\/\/www.boomplaymusic.com\">Boomplay<\/a>\u2019s 36 mn listeners across sub-Saharan Africa. As growth in mature western markets slows in 2019, UMG is looking to expand its services around the globe, on the hunt for emerging markets ripe for streaming <a href=\"https:\/\/www.ft.com\/content\/fd7fa506-9412-11e8-b747-fb1e803ee64e\">as it makes plans to sell half its shares<\/a>. Boomplay is owned by Chinese manufacturer and smartphone manufacturer Transsion Holdings. Its streaming platform is available in Nigeria, Ghana, Kenya, Tanzania, Rwanda, Uganda and Zambia.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/africa\/\">Africa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/music\/\">music<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-macro-picture\/\">THE MACRO PICTURE<\/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=\"621284\" 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=\"621284\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">Image of the Day<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/mo-salahs-unveiled-sculpture-mocked-on-social-media\/\">\r\n                            Mo Salah\u2019s unveiled sculpture mocked on social media                        <\/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\/2018\/11\/05\/mo-salahs-unveiled-sculpture-mocked-on-social-media\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/mo-salahs-unveiled-sculpture-mocked-on-social-media\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/mo-salahs-unveiled-sculpture-mocked-on-social-media\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Mo Salah\u2019s unveiled sculpture mocked on social media&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/mo-salahs-unveiled-sculpture-mocked-on-social-media\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/mo-salahs-unveiled-sculpture-mocked-on-social-media\/&title=Mo Salah\u2019s unveiled sculpture mocked on social media\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Mo+Salah%E2%80%99s+unveiled+sculpture+mocked+on+social+media+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F05%2Fmo-salahs-unveiled-sculpture-mocked-on-social-media%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\/2018\/11\/05\/mo-salahs-unveiled-sculpture-mocked-on-social-media\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2018\/11\/82.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"621285\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/mo-salahs-unveiled-sculpture-mocked-on-social-media\/82-jpg-21\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/11\/82.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"82.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/11\/82.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/11\/82.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-621284\" class=\"content-area-description single-story post-621284 post type-post status-publish format-standard has-post-thumbnail hentry category-image-of-the-day tag-art tag-enterpriseam tag-image-of-the-day tag-mohamed-salah wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The latest victim of Egypt\u2019s string of hideous statues: Mo Salah.<\/strong> In what seems to be an attempt to further idolize Mohamed Salah, Egyptian sculptor Mai Abdallah unveiled a sculpture of the national footballer at the World Youth Forum. Excessive obsession aside, the depiction of Salah with an enormous head and tiny limbs makes the statue more reminiscent of a deformed T-rex than anything, and once again has our Ancient Egyptian forefathers rolling in their graves over <a href=\"https:\/\/enterprise.press\/stories\/2017\/06\/21\/deformed-marilyn-monroe-sculpture-unveiled-at-the-cairo-opera\/\">our modern artistic atrocities<\/a>. As with most such ridiculous stories, some in the foreign press including <a href=\"https:\/\/www.irishmirror.ie\/sport\/soccer\/soccer-news\/mohamed-salah-gets-immortalised-bizarre-13533544\">Irish Mirror<\/a> and<a href=\"http:\/\/newsafricanow.com\/2018\/11\/04\/mohamed-salahs-statue-displayed-in-world-youth-forum\/?fbclid=IwAR1y-Dpe1JG3jWhNZNBib-ImeqajPSEtPlRWp2k5NNlE7Boa9RGjYa8yGNQ\">News Africa Now<\/a>, have taken note.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/art\/\">art<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/image-of-the-day\/\">IMAGE OF THE DAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mohamed-salah\/\">Mohamed Salah<\/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=\"621286\" 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=\"621286\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/interior-ministry-sweeping-for-terrorist-hideouts-in-minya-kills-19-perpetrators\/\">\r\n                            Interior Ministry sweeping for terrorist hideouts in Minya, kills 19 perpetrators                        <\/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\/2018\/11\/05\/interior-ministry-sweeping-for-terrorist-hideouts-in-minya-kills-19-perpetrators\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/interior-ministry-sweeping-for-terrorist-hideouts-in-minya-kills-19-perpetrators\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/interior-ministry-sweeping-for-terrorist-hideouts-in-minya-kills-19-perpetrators\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Interior Ministry sweeping for terrorist hideouts in Minya, kills 19 perpetrators&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/interior-ministry-sweeping-for-terrorist-hideouts-in-minya-kills-19-perpetrators\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/interior-ministry-sweeping-for-terrorist-hideouts-in-minya-kills-19-perpetrators\/&title=Interior Ministry sweeping for terrorist hideouts in Minya, kills 19 perpetrators\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Interior+Ministry+sweeping+for+terrorist+hideouts+in+Minya%2C+kills+19+perpetrators+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F05%2Finterior-ministry-sweeping-for-terrorist-hideouts-in-minya-kills-19-perpetrators%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\/2018\/11\/05\/interior-ministry-sweeping-for-terrorist-hideouts-in-minya-kills-19-perpetrators\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-621286\" class=\"content-area-description single-story post-621286 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-egypt-in-the-news tag-enterpriseam tag-national-security tag-terrorism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Updates on the Daesh terror attack on a bus carrying Coptic Christians in Minya this past Friday<\/strong> top coverage of Egypt in the international press. Saw seven people were killed in the attack. Leading the coverage was an Interior Ministry <a href=\"https:\/\/www.facebook.com\/MoiEgy\/posts\/1993787987331521?__tn__=-R\">announcement yesterday<\/a> that its forces had killed 19 of the alleged perpetrators of Friday\u2019s Minya shooting. <a href=\"https:\/\/www.bbc.com\/news\/world-africa-46090104\">The BBC<\/a>, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-11-04\/egypt-security-forces-kill-19-involved-in-attack-on-christians\">Bloomberg<\/a>, <a href=\"https:\/\/www.france24.com\/en\/20181104-egypt-militants-killed-security-operation-attack-coptic-christians\">France24<\/a>, and <a href=\"https:\/\/www.voanews.com\/a\/egypt-kills-19-militants-suspected-in-christian-attack-\/4643852.html\">Voice of America<\/a> have the story.<\/p>\n<p><strong>Attack signals Daesh is suffering from Operation Sinai:<\/strong> Friday's Minya attacks have signaled that Daesh is shifting its gaze inland as the military\u2019s <a href=\"https:\/\/enterprise.press\/stories\/2018\/02\/11\/armed-forces-launches-sweeping-sinai-offensive\/\">Operation Comprehensive Sinai<\/a> has crippled its forces in Sinai, <a href=\"https:\/\/www.thenews.com.pk\/print\/389435-despite-pressure-in-egypt-is-still-able-to-strike\">says the AFP<\/a>. Being home to many Islamists, Minya and Assiut are considered \u201cfertile ground\u201d for Daesh operations, Cairo University politics professor Moustafa El Sayed said.<\/p>\n<p><strong>More international condolences coming in: <\/strong>King Mohammed VI of Morocco strongly denounced the incident and offered his condolences to President Abdel Fattah El Sisi, <a href=\"https:\/\/www.moroccoworldnews.com\/2018\/11\/256881\/king-mohammed-vi-terror-christian-egypt\/\">according to Morocco World News<\/a>. Pope Francis also condemned the attack yesterday morning, <a href=\"https:\/\/www.nytimes.com\/aponline\/2018\/11\/04\/world\/europe\/ap-eu-rel-vatican-egypt-attack.html\">according to the AP<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-in-the-news\/\">Egypt in the News<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/national-security\/\">national security<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/terrorism\/\">terrorism<\/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=\"621289\" 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=\"621289\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">On Deadline<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/overcrowded-classrooms-hinder-educational-reform\/\">\r\n                            Overcrowded classrooms hinder educational reform                        <\/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\/2018\/11\/05\/overcrowded-classrooms-hinder-educational-reform\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/overcrowded-classrooms-hinder-educational-reform\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/overcrowded-classrooms-hinder-educational-reform\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Overcrowded classrooms hinder educational reform&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/overcrowded-classrooms-hinder-educational-reform\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/overcrowded-classrooms-hinder-educational-reform\/&title=Overcrowded classrooms hinder educational reform\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Overcrowded+classrooms+hinder+educational+reform+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F05%2Fovercrowded-classrooms-hinder-educational-reform%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\/2018\/11\/05\/overcrowded-classrooms-hinder-educational-reform\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-621289\" class=\"content-area-description single-story post-621289 post type-post status-publish format-standard hentry category-on-deadline tag-classrooms tag-development tag-education tag-enterpriseam tag-on-deadline wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Egypt\u2019s educational reforms will never be completely effective if classrooms continue to be overcrowded<\/strong>, Abbas El Tarabily <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1338447\">writes for Al Masry Al Youm<\/a>. El Tarabily argues that Egypt needs to ramp up its construction of schools to accommodate the number of school-age children, while simultaneously conceding that this project would represent a huge financial burden on the state. He settles his cognitive dissonance by suggesting that Egypt rely on using <a href=\"http:\/\/www.understandconstruction.com\/precast-concrete-construction.html\">precast construction technology<\/a>, which would allow the construction of numerous classrooms in a short time.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/classrooms\/\">classrooms<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/development\/\">development<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/on-deadline\/\">On Deadline<\/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=\"621290\" 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=\"621290\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">Worth reading<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/egypt-wants-everything-top-notch-in-new-capital-city\/\">\r\n                            Egypt wants everything top notch in new capital city                        <\/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\/2018\/11\/05\/egypt-wants-everything-top-notch-in-new-capital-city\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/egypt-wants-everything-top-notch-in-new-capital-city\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/egypt-wants-everything-top-notch-in-new-capital-city\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt wants everything top notch in new capital city&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/egypt-wants-everything-top-notch-in-new-capital-city\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/egypt-wants-everything-top-notch-in-new-capital-city\/&title=Egypt wants everything top notch in new capital city\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+wants+everything+top+notch+in+new+capital+city+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F05%2Fegypt-wants-everything-top-notch-in-new-capital-city%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\/2018\/11\/05\/egypt-wants-everything-top-notch-in-new-capital-city\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2018\/11\/1928.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"621291\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/egypt-wants-everything-top-notch-in-new-capital-city\/1928-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/11\/1928.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1928.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/11\/1928.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/11\/1928.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-621290\" class=\"content-area-description single-story post-621290 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-reading tag-enterpriseam tag-infrastructure tag-new-administrative-capital tag-worth-reading wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>** #6<\/strong> <a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>We aren\u2019t the only developing country that\u2019s building itself a new city:<\/strong> Overpopulation and poor infrastructure mean it\u2019s easier and less costly for developing countries to just build new cities from scratch. And so they do, writes <a href=\"https:\/\/www.bloomberg.com\/news\/features\/2018-11-02\/the-irresistible-urge-to-build-cities-from-scratch\">Bloomberg Businessweek\u2019s Monte Reel<\/a>. \u201cMy vision is to let Cairo breathe,\u201d said Ashraf Abdel Mohsen, who has a Ph.D. in architecture and was part of the team that put together seven plans for new capital cities. While urban planners generally believe every person deserves about 16 square meters of greene space, Cairo only gives each one of us about 0.3 meters.<\/p>\n<p><strong>Bigger, faster, stronger: <\/strong>While building a new city isn\u2019t original, the new administrative capital is notable for its size. Egypt hired Chicago-based firm Skidmore, Owings & Merrill to draw a new master plan of a city that will include everything from an education and science hub to an airport and amusement park \u201cfour times the size of California\u2019s Disneyland.\u201d The city is also expected to include a housing complex that could accommodate for 7 mn people and the largest mosque and church on the continent. One of the project organizers said President Abdel Fattah El Sisi\u2019s dedication to the project will ensure that it becomes \u201ca cash machine for Egypt for the next 50 years.\u201d<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/new-administrative-capital\/\">new administrative capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/worth-reading\/\">worth reading<\/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=\"621292\" 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=\"621292\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">Worth watching<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/restoring-egypts-lake-nasser\/\">\r\n                            Restoring Egypt\u2019s Lake Nasser                        <\/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\/2018\/11\/05\/restoring-egypts-lake-nasser\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/restoring-egypts-lake-nasser\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/restoring-egypts-lake-nasser\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Restoring Egypt\u2019s Lake Nasser&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/restoring-egypts-lake-nasser\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/restoring-egypts-lake-nasser\/&title=Restoring Egypt\u2019s Lake Nasser\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Restoring+Egypt%E2%80%99s+Lake+Nasser+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F05%2Frestoring-egypts-lake-nasser%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\/2018\/11\/05\/restoring-egypts-lake-nasser\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2018\/10\/2199.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"621293\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/restoring-egypts-lake-nasser\/2199-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/10\/2199.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2199.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/10\/2199.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/10\/2199.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-621292\" class=\"content-area-description single-story post-621292 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-watching tag-employment tag-enterpriseam tag-worth-watching wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>** #7<\/strong> <a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>Bringing back fishing at Aswan\u2019s Lake Nasser: <\/strong>Fisheries in Lake Nasser in Aswan have seen their yields drop significantly over the past few years due to bad practices and lack of regulation, according to WorldFish (<a href=\"https:\/\/www.worldfishcenter.org\/video\/resource-management-and-training-supports-youth-employment-egypts-lake-nasser\">watch, runtime: 7:42<\/a>). Lake Nasser, the second largest in Africa, used to record annual production levels of c. 34,500 tonnes until 1981. Today, production barely exceeds 15,000 tonnes and most of the fish caught are not fully-grown. This, alongside persistent youth unemployment in tourism-reliant Aswan, has added to its economic struggle. In 2015, a team of researchers at WorldFish conducted <a href=\"http:\/\/pubs.iclarm.net\/resource_centre\/2015-42.pdf\">a study of the lake\u2019s fish population, distribution, and species<\/a>, and laid down a framework to manage its resources. The General Authority for Fish Resources has since been applying seasonal bans to protect the fish in their spawning periods, providing training to fishermen, and encouraging low-cost processing technologies and sound fishing methods.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/employment\/\">employment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/worth-watching\/\">worth watching<\/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=\"621294\" 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=\"621294\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/madbouly-meets-with-chinese-companies-in-shanghai-attends-chinas-ciie\/\">\r\n                            Madbouly meets with Chinese companies in Shanghai, attends China\u2019s CIIE                        <\/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\/2018\/11\/05\/madbouly-meets-with-chinese-companies-in-shanghai-attends-chinas-ciie\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/madbouly-meets-with-chinese-companies-in-shanghai-attends-chinas-ciie\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/madbouly-meets-with-chinese-companies-in-shanghai-attends-chinas-ciie\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Madbouly meets with Chinese companies in Shanghai, attends China\u2019s CIIE&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/madbouly-meets-with-chinese-companies-in-shanghai-attends-chinas-ciie\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/madbouly-meets-with-chinese-companies-in-shanghai-attends-chinas-ciie\/&title=Madbouly meets with Chinese companies in Shanghai, attends China\u2019s CIIE\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Madbouly+meets+with+Chinese+companies+in+Shanghai%2C+attends+China%E2%80%99s+CIIE+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F05%2Fmadbouly-meets-with-chinese-companies-in-shanghai-attends-chinas-ciie%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\/2018\/11\/05\/madbouly-meets-with-chinese-companies-in-shanghai-attends-chinas-ciie\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-621294\" class=\"content-area-description single-story post-621294 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-belt-and-road-initiative tag-china tag-diplomacy tag-diplomacy-foreign-trade tag-egyptian-electricity-holding-company tag-electricity tag-energy tag-enterpriseam tag-hamrawein tag-moustafa-madbouly tag-new-administrative-capital tag-trade wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Madbouly meets in Shanghai with companies taking part in national infrastructure projects: <\/strong>Prime Minister Moustafa Madbouly held talks yesterday with senior executives from Shanghai Electric and Dong Fang, the two Chinese energy companies building the USD 4.4 bn, 6 GW Hamrawein \u201cclean coal\u201d power plant, <a href=\"http:\/\/www.cabinet.gov.eg\/Arabic\/MediaCenter\/CabinetNews\/Pages\/%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%84%D9%88%D8%B2%D8%B1%D8%A7%D8%A1-%D9%8A%D9%84%D8%AA%D9%82%D9%8A-%D9%85%D8%B3%D8%A6%D9%88%D9%84%D9%8A-%D8%A7%D9%84%D8%B4%D8%B1%D9%83%D8%AA%D9%8A%D9%86-%D8%A7%D9%84%D8%B5%D9%8A%D9%86%D9%8A%D8%AA%D9%8A%D9%86-%D8%A7%D9%84%D9%85%D9%86%D9%81%D8%B0%D8%AA%D9%8A%D9%86-%D9%84%D9%85%D8%AD%D8%B7%D8%A7%D8%AA-%D9%83%D9%87%D8%B1%D8%A8%D8%A7%D8%A1-%D8%A7%D9%84%D8%AD%D9%85%D8%B1%D8%A7%D9%88%D9%8A%D9%86.aspx\">according to a Cabinet statement<\/a>. The companies, , are conducting environmental impact studies and preparing to launch a survey of the construction site soon. Execs from Shanghai Electric \u2013 which is leading the consortium \u2013 are set to sit down this week with officials from state-owned Egyptian Electricity Holding Company (EEHC) to finalize the project\u2019s USD 4.4 bn financing arrangements.<\/p>\n<p><strong>Madbouly also sat down with chairman of China State Construction Engineering Corporation<\/strong>, the company developing the business district of the new administrative capital, <a href=\"http:\/\/www.cabinet.gov.eg\/Arabic\/MediaCenter\/CabinetNews\/Pages\/Prime-Minister-meets-Chinese-company-executing-Beards-.aspx\">according to a Cabinet statement<\/a>. The company will begin developing the district\u2019s USD 3.5 bn second phase as soon as an agreement, gets finalized.<\/p>\n<p><strong>Madbouly is in Shanghai to attend the first edition of the <\/strong><a href=\"https:\/\/www.ciie.org\/zbh\/Introduction\/\"><strong>China International Import Expo<\/strong><\/a>(CIIE), which kicks off today through to Saturday. Egypt was designated as the event\u2019s guest of honor, <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/3\/12\/315551\/Business\/Economy\/Egypt-to-attend-Chinas-st-import-expo.aspx\">according to Ahram<\/a>. The CIIE is the Chinese government\u2019s new global trade show as it moves forward with its <a href=\"https:\/\/www.theguardian.com\/cities\/ng-interactive\/2018\/jul\/30\/what-china-belt-road-initiative-silk-road-explainer\">Belt and Road Initiative<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/belt-and-road-initiative\/\">Belt and Road Initiative<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy-foreign-trade\/\">Diplomacy + Foreign Trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egyptian-electricity-holding-company\/\">Egyptian Electricity Holding Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/electricity\/\">electricity<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hamrawein\/\">Hamrawein<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/moustafa-madbouly\/\">Moustafa Madbouly<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/new-administrative-capital\/\">new administrative capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/trade\/\">trade<\/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=\"621297\" 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=\"621297\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">Infrastructure<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/scas-port-fee-reduction-decision-now-includes-port-of-west-port-said\/\">\r\n                            SCA\u2019s port fee reduction decision now includes port of West Port Said                        <\/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\/2018\/11\/05\/scas-port-fee-reduction-decision-now-includes-port-of-west-port-said\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/scas-port-fee-reduction-decision-now-includes-port-of-west-port-said\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/scas-port-fee-reduction-decision-now-includes-port-of-west-port-said\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=SCA\u2019s port fee reduction decision now includes port of West Port Said&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/scas-port-fee-reduction-decision-now-includes-port-of-west-port-said\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/scas-port-fee-reduction-decision-now-includes-port-of-west-port-said\/&title=SCA\u2019s port fee reduction decision now includes port of West Port Said\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=SCA%E2%80%99s+port+fee+reduction+decision+now+includes+port+of+West+Port+Said+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F05%2Fscas-port-fee-reduction-decision-now-includes-port-of-west-port-said%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\/2018\/11\/05\/scas-port-fee-reduction-decision-now-includes-port-of-west-port-said\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-621297\" class=\"content-area-description single-story post-621297 post type-post status-publish format-standard hentry category-infrastructure tag-enterpriseam tag-infrastructure tag-mohab-mamish tag-suez-canal-authority wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.f98a2fda-3eac-493e-b4ee-7c8bc536aebf.mp3\"><\/audio><\/figure>\n<p>The Suez Canal Authority\u2019s (SCA) decision to reduce transit and mooring fees at the East Port Said port <a href=\"https:\/\/enterprise.press\/stories\/2018\/10\/21\/suez-canal-authority-drops-fees-on-port-of-east-port-said\/\">last month<\/a> has also been applied to the port of West Port Said, <a href=\"http:\/\/almalnews.com\/Story\/397083\/58\/%D8%AA%D8%A3%D9%83%D9%8A%D8%AF%D8%A7-%D9%84%D9%80--%D8%A7%D9%84%D9%85%D8%A7%D9%84---%D8%A7%D9%84%D8%AC%D8%B1%D9%8A%D8%AF%D8%A9-%D8%A7%D9%84%D8%B1%D8%B3%D9%85%D9%8A%D8%A9-%D8%AA%D9%86%D8%B4%D8%B1-%D9%82%D8%B1%D8%A7%D8%B1-%D8%AA%D8%AE%D9%81%D9%8A%D8%B6-%D8%B1%D8%B3%D9%88%D9%85-%D8%A7%D9%84%D9%85%D9%8A%D9%86%D8%A7%D8%A1-%D9%88%D8%A7%D9%84%D8%B1%D8%B3%D9%88-%D8%A8%D9%82%D9%86%D8%A7%D8%A9-%D8%A7%D9%84%D8%B3%D9%88%D9%8A%D8%B3\">Al Mal reports<\/a>. The SCA had dropped fees in a bid to draw more shipping activity to the ports, after Ocean Alliance \u2014 which includes CMA CGM Group, APL, Evergreen, and China\u2019s COSCO Shipping \u2014 ceased operations at the East Port Said port in protest of high fees.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mohab-mamish\/\">Mohab Mamish<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/suez-canal-authority\/\">Suez Canal Authority<\/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=\"621298\" 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=\"621298\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">13<\/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\/2018\/11\/05\/3-companies-qualify-in-tender-to-redevelop-downtown-cairos-shepheard-hotel\/\">\r\n                            3 companies qualify in tender to redevelop Downtown Cairo\u2019s Shepheard Hotel                        <\/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\/2018\/11\/05\/3-companies-qualify-in-tender-to-redevelop-downtown-cairos-shepheard-hotel\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/3-companies-qualify-in-tender-to-redevelop-downtown-cairos-shepheard-hotel\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/3-companies-qualify-in-tender-to-redevelop-downtown-cairos-shepheard-hotel\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=3 companies qualify in tender to redevelop Downtown Cairo\u2019s Shepheard Hotel&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/3-companies-qualify-in-tender-to-redevelop-downtown-cairos-shepheard-hotel\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/3-companies-qualify-in-tender-to-redevelop-downtown-cairos-shepheard-hotel\/&title=3 companies qualify in tender to redevelop Downtown Cairo\u2019s Shepheard Hotel\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=3+companies+qualify+in+tender+to+redevelop+Downtown+Cairo%E2%80%99s+Shepheard+Hotel+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F05%2F3-companies-qualify-in-tender-to-redevelop-downtown-cairos-shepheard-hotel%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\/2018\/11\/05\/3-companies-qualify-in-tender-to-redevelop-downtown-cairos-shepheard-hotel\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-621298\" class=\"content-area-description single-story post-621298 post type-post status-publish format-standard hentry category-tourism tag-egyptian-general-company-for-tourism-and-hotels tag-enterpriseam tag-hospitality tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.c7a04d81-a79b-4477-9b98-a716895f25bb.mp3\"><\/audio><\/figure>\n<p>Three unnamed companies qualified in the tender to acquire a 51% stake in a joint venture with state-owned Egyptian General Company for Tourism and Hotels (EGOTH) to redevelop Downtown Cairo\u2019s storied Shepheard Hotel, EGOTH head Mervat Hataba said, <a href=\"https:\/\/www.youm7.com\/story\/2018\/11\/4\/%D8%A7%D9%84%D9%82%D8%A7%D8%A8%D8%B6%D8%A9-%D9%84%D9%84%D8%B3%D9%8A%D8%A7%D8%AD%D8%A9-3-%D8%B4%D8%B1%D9%83%D8%A7%D8%AA-%D8%AA%D8%A3%D9%87%D9%84%D8%AA-%D9%84%D8%AA%D8%B7%D9%88%D9%8A%D8%B1-%D8%B4%D8%A8%D8%B1%D8%AF-%D9%88%D9%81%D8%AA%D8%AD-%D8%A7%D9%84%D9%85%D8%B8%D8%A7%D8%B1%D9%8A%D9%81-2\/4019337\">according to Youm7<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egyptian-general-company-for-tourism-and-hotels\/\">Egyptian General Company for Tourism and Hotels<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hospitality\/\">hospitality<\/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=\"621299\" 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=\"621299\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">14<\/div>\r\n\r\n                    <p class=\"f-graphik\">Banking + Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/nuca-looks-to-borrow-egp-10-bn-for-new-city-construction-and-infrastructure\/\">\r\n                            NUCA looks to borrow EGP 10 bn for new city construction and infrastructure                        <\/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\/2018\/11\/05\/nuca-looks-to-borrow-egp-10-bn-for-new-city-construction-and-infrastructure\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/nuca-looks-to-borrow-egp-10-bn-for-new-city-construction-and-infrastructure\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/nuca-looks-to-borrow-egp-10-bn-for-new-city-construction-and-infrastructure\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=NUCA looks to borrow EGP 10 bn for new city construction and infrastructure&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/nuca-looks-to-borrow-egp-10-bn-for-new-city-construction-and-infrastructure\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/nuca-looks-to-borrow-egp-10-bn-for-new-city-construction-and-infrastructure\/&title=NUCA looks to borrow EGP 10 bn for new city construction and infrastructure\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=NUCA+looks+to+borrow+EGP+10+bn+for+new+city+construction+and+infrastructure+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F05%2Fnuca-looks-to-borrow-egp-10-bn-for-new-city-construction-and-infrastructure%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\/2018\/11\/05\/nuca-looks-to-borrow-egp-10-bn-for-new-city-construction-and-infrastructure\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-621299\" class=\"content-area-description single-story post-621299 post type-post status-publish format-standard hentry category-banking-finance tag-banking tag-banking-finance tag-enterpriseam tag-finance tag-new-urban-communities-authority 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\/2024\/6\/.b184129f-f8b5-477b-9d91-d05bf505224c.mp3\"><\/audio><\/figure>\n<p>The New Urban Communities Authority is looking to borrow EGP 10 bn to finance construction and infrastructure works in the new cities, <a href=\"http:\/\/www.almalnews.com\/Story\/397005\/16\/%C2%AB%D8%A7%D9%84%D9%85%D8%AC%D8%AA%D9%85%D8%B9%D8%A7%D8%AA-%D8%A7%D9%84%D8%B9%D9%85%D8%B1%D8%A7%D9%86%D9%8A%D8%A9%C2%BB-%D8%AA%D8%AF%D8%B1%D8%B3-%D8%A7%D9%82%D8%AA%D8%B1%D8%A7%D8%B6-10-%D9%85%D9%84%D9%8A%D8%A7%D8%B1%D8%A7%D8%AA-%D8%AC%D9%86%D9%8A%D9%87\">sources tell Al Mal<\/a>. The company is in early talks with several local banks including the National Bank of Egypt, QNB, Banque du Caire, and the Housing and Development Bank.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking-finance\/\">BANKING + FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/finance\/\">Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/new-urban-communities-authority\/\">New Urban Communities Authority<\/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=\"621300\" 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=\"621300\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">15<\/div>\r\n\r\n                    <p class=\"f-graphik\">National Security<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/egypt-and-arab-states-kick-off-arab-shield-1-wargames\/\">\r\n                            Egypt and Arab states kick off \u201cArab Shield 1\u201d wargames                        <\/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\/2018\/11\/05\/egypt-and-arab-states-kick-off-arab-shield-1-wargames\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/egypt-and-arab-states-kick-off-arab-shield-1-wargames\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/egypt-and-arab-states-kick-off-arab-shield-1-wargames\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt and Arab states kick off \u201cArab Shield 1\u201d wargames&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/egypt-and-arab-states-kick-off-arab-shield-1-wargames\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/egypt-and-arab-states-kick-off-arab-shield-1-wargames\/&title=Egypt and Arab states kick off \u201cArab Shield 1\u201d wargames\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+and+Arab+states+kick+off+%E2%80%9CArab+Shield+1%E2%80%9D+wargames+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F05%2Fegypt-and-arab-states-kick-off-arab-shield-1-wargames%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\/2018\/11\/05\/egypt-and-arab-states-kick-off-arab-shield-1-wargames\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-621300\" class=\"content-area-description single-story post-621300 post type-post status-publish format-standard hentry category-national-security tag-enterpriseam tag-national-security 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\/2024\/6\/.683b426f-5700-4c66-9c97-3bc671786bdd.mp3\"><\/audio><\/figure>\n<p>Egypt and five other Arab states kicked off yesterday the \u201cArab Shield 1\u201d joint military drills, <a href=\"https:\/\/www.facebook.com\/EgyArmySpox\/posts\/1439599672837677?__xts__%5b0%5d=68.ARA2sROr6P_ZRIR71pTw4iskTY9bWe4cLC7WRRckT7MBFXs9LuXoNrH9SgT62007Ezre8g2kBV3J3gCFLmEGVckbIQ6hxazlNz7LdDuVhDhCA79MkTkmhhGCBg-2-MJTOvZIme6r9rbj-lKDtqrNfQVSosHISHZbDUuc1VKeKkHLs8vKoszTBE3Zb7pqP3tdTnxq1YloqnVEnmrZ3LvSmL4lFjs&__tn__=-R\">according to an Armed Forces statement<\/a>. Saudi Arabia, the UAE, Jordan, Kuwait and Bahrain will take part in the first of its kind drills, scheduled through to 16 November. The drills come a little over a month after the US began <a href=\"https:\/\/enterprise.press\/stories\/2018\/09\/30\/us-begins-talks-with-arab-officials-over-nato-style-regional-alliance\/\">formal talks<\/a> with the participant countries, plus Qatar, over the establishment of the Middle East Strategic Alliance (MESA) \u2012 an Arab \u201cNato-style\u201d alliance. Bahrain\u2019s Foreign Minister Sheikh Khalid had said <a href=\"https:\/\/enterprise.press\/stories\/2018\/10\/28\/nato-style-regional-alliance-to-be-formed-by-next-year\/\">last week<\/a> that the MESA will be launched next year.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/national-security\/\">national security<\/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=\"621301\" 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=\"621301\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">16<\/div>\r\n\r\n                    <p class=\"f-graphik\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/melania-trump-spent-nearly-usd-100k-at-semiramis-intercontinental-in-cairo\/\">\r\n                            Melania Trump spent nearly USD 100k at Semiramis Intercontinental in Cairo                        <\/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\/2018\/11\/05\/melania-trump-spent-nearly-usd-100k-at-semiramis-intercontinental-in-cairo\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/melania-trump-spent-nearly-usd-100k-at-semiramis-intercontinental-in-cairo\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/melania-trump-spent-nearly-usd-100k-at-semiramis-intercontinental-in-cairo\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Melania Trump spent nearly USD 100k at Semiramis Intercontinental in Cairo&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/melania-trump-spent-nearly-usd-100k-at-semiramis-intercontinental-in-cairo\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/melania-trump-spent-nearly-usd-100k-at-semiramis-intercontinental-in-cairo\/&title=Melania Trump spent nearly USD 100k at Semiramis Intercontinental in Cairo\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Melania+Trump+spent+nearly+USD+100k+at+Semiramis+Intercontinental+in+Cairo+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F05%2Fmelania-trump-spent-nearly-usd-100k-at-semiramis-intercontinental-in-cairo%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\/2018\/11\/05\/melania-trump-spent-nearly-usd-100k-at-semiramis-intercontinental-in-cairo\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-621301\" class=\"content-area-description single-story post-621301 post type-post status-publish format-standard hentry category-on-your-way-out tag-africa tag-enterpriseam tag-us wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>How much does a stay at Semiramis Intercontinental cost these days? Nearly USD 100k, if you\u2019re Melania Trump:<\/strong> US First Lady Melania Trump and her staff forked over USD 95,050 at the Semiramis Intercontinental during her visit to Cairo as part of her four-nation tour of Africa last month, <a href=\"https:\/\/www.usaspending.gov\/#\/award\/69579622\">according to federal spending records<\/a>. The spending sheet does not break down the costs, but Trump was only in town for less than one full day. <a href=\"http:\/\/www.hoteliermiddleeast.com\/34535-trump-spent-95000-on-hotel-rooms-in-cairo-last-month\/\">Hotelier Middle East has the story<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/africa\/\">Africa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us\/\">US<\/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=\"621302\" 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=\"621302\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">17<\/div>\r\n\r\n                    <p class=\"f-graphik\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/621302\/\">\r\n                                                    <\/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\/2018\/11\/05\/621302\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/621302\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/621302\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/621302\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/621302\/&title=\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F05%2F621302%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\/2018\/11\/05\/621302\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-621302\" class=\"content-area-description single-story post-621302 post type-post status-publish format-standard hentry category-the-market-yesterday tag-enterpriseam tag-the-market-yesterday 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\/2024\/6\/.816aecf9-9d0e-43a5-9777-9e16657cd268.mp3\"><\/audio><\/figure>\n<p><strong>EGP \/ USD CBE market average: <\/strong>Buy 17.86 | Sell 17.95<strong><br \/>\n EGP \/ USD at CIB:<\/strong> Buy 17.86 | Sell 17.96<br \/>\n <strong>EGP \/ USD at NBE: <\/strong>Buy 17.78 | Sell 17.88<\/p>\n<p><strong>EGX30<\/strong> (Sunday): 13,170 (-0.2%)<br \/>\n <strong>Turnover:<\/strong> EGP 529 mn (25% below the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: -12.3%<\/p>\n<p><strong>THE MARKET ON SUNDAY:<\/strong> The EGX30 index ended Sunday\u2019s session down 0.2%. CIB, the index heaviest constituent ended down 0.5%. EGX30\u2019s top performing constituents were Egyptian resorts up 2.3%, and Qalaa Holdings up 1.9%, and SODIC up 1.7% Yesterday\u2019s worst performing stocks were Ezz Steel down 2.8%, Egyptian Iron &amp; Steel down 2.2% and Ibnsina Pharma down 2.0%. The market turnover was EGP529 mn, and local investors were the sole net buyers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Short | EGP -1.1 mn<br \/>\n <strong>Regional<\/strong>: Net Short | EGP -7.2 mn<br \/>\n <strong>Domestic<\/strong>: Net Long | EGP +8.3 mn<\/p>\n<p><strong>Retail<\/strong>: 76.9% of total trades | 78.6% of buyers | 75.3% of sellers<br \/>\n <strong>Institutions<\/strong>: 23.1% of total trades | 21.4% of buyers | 24.7% of sellers<\/p>\n<p><strong>Foreign:<\/strong> 5.9% of total | 5.8% of buyers | 6.0% of sellers<br \/>\n <strong>Regional:<\/strong> 6.5% of total | 5.8% of buyers | 7.2% of sellers<br \/>\n <strong>Domestic:<\/strong> 87.6% of total | 88.3% of buyers | 86.8% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 63.14 (-0.86%)<br \/>\n <strong>Brent:<\/strong> USD 72.83 (-0.08%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 3.28 MMBtu, (+1.45%, December 2018 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,233.30\/ troy ounce (-0.43%)<br <=\"\" p=\"\"><\/p>\n<p><strong>TASI:<\/strong> 7,846.93 (-0.41%) (YTD: +8.59%)<br \/>\n <strong>ADX:<\/strong> 4,919.84 (-0.02%) (YTD: +11.85%)<br \/>\n <strong>DFM:<\/strong> 2,794.98 (-0.37%) (YTD: -17.06%)<br \/>\n <strong>KSE Premier Market:<\/strong> 5,269.84 (+0.13%)<br \/>\n <strong>QE:<\/strong> 10,331.14 (+0.49%) (YTD: +21.21%)<br \/>\n <strong>MSM:<\/strong> 4,424.86 (+0.06%) (YTD: -13.23%)<br \/>\n <strong>BB: <\/strong>1,315.18 (+0.15%) (YTD: -1.24%)<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-market-yesterday\/\">The Market Yesterday<\/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=\"621303\" 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\/2018\/11\/05\/621303\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-621303\" class=\"content-area-description single-story post-621303 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>03-06 November (Saturday-Tuesday): <a href=\"https:\/\/wyfegypt.com\/\">World Youth Forum 2018<\/a>, Maritim Jolie Ville Golf Course, Sharm El Sheikh, Egypt.<\/p>\n<p>05 November (Monday): Egypt\u2019s Emirates NBD PMI for October released.<\/p>\n<p>05-07 November (Monday-Wednesday): <a href=\"http:\/\/london.wtm.com\/\">World Travel Market London exhibition<\/a>, London, England, UK.<\/p>\n<p>06-07 November (Tuesday-Wednesday): <a href=\"https:\/\/www.iif.com\/events\/iif-event\/2018-iif-mena-financial-summit\">2018 IIF MENA Financial Summit<\/a>, Al Maryah Island, Abu Dhabi, United Arab Emirates.<\/p>\n<p>13-29 November (Tuesday-Thursday): <a href=\"https:\/\/www.cbd.int\/conferences\/2018\">UN Biodiversity Conference<\/a>, Sharm El Sheikh, Egypt.<\/p>\n<p>14 November (Wednesday): <a href=\"https:\/\/events.mergermarket.com\/egypt\">Egypt M&A and Private Equity Forum<\/a>, Nile Ritz Carlton Hotel, Cairo, Egypt.<\/p>\n<p>15 November (Thursday): CBE\u2019s Monetary Policy Committee meeting.<\/p>\n<p>15 November (Thursday) <a href=\"https:\/\/enterprise.press\/wp-content\/uploads\/2018\/11\/20181104_Invest-in-Healthcare-Agenda_v1.0_AO.pdf\">T20 Invest in Healthcare Conference 2018<\/a>, Nile Ritz Carlton Hotel, Cairo, Egypt.<\/p>\n<p>17-19 November (Saturday-Monday): <a href=\"https:\/\/www.electricxegypt.com\/en\/Homepage.html?utm_source=colleague&utm_medium=email&utm_campaign=AET19DME-JO-MGN-MEE_2019-ENG&utm_content=signature_banner\">ElectricX-Energizing The Industry<\/a>, Egypt International Exhibition Center, Cairo, Egypt.<\/p>\n<p>20 November (Tuesday): Prophet's Birthday (TBC), national holiday.<\/p>\n<p>22 November (Thursday): US Thanksgiving.<\/p>\n<p>End of November: A delegation from the Egypt-Greece Business Council will visit Athens.<\/p>\n<p>25-28 November (Sunday-Wednesday): 22nd Cairo ICT, Cairo Convention Center, Nasr City, Cairo.<\/p>\n<p>03-05 December (Monday-Wednesday): First Egypt Defense Expo, Egyptian International Exhibition Center, Cairo.<\/p>\n<p>04 December (Tuesday): Egypt\u2019s Emirates NBD PMI for November released.<\/p>\n<p>08-09 December (Saturday-Sunday): Business for Africa and the World: The Africa 2018 Forum, Maritim Jolie Ville International Congress Center, Sharm El Sheikh.<\/p>\n<p>12 December (Wednesday): Banking and Finance Congress 2018, Cairo, venue TBD.<\/p>\n<p>13-15 December (Thursday-Saturday): <a href=\"http:\/\/www.uabonline.org\/en\/home\/downloadpdf\/conferencesforumsprogramfor2016\">Forum on \u201c The Role of Digital Financial Communication and Solutions in Enhancing Financial Inclusion,\u201d<\/a> Sharm El Sheik, venue TBD.<\/p>\n<p>25 December (Tuesday): Western Christmas.<\/p>\n<p>27 December (Thursday): CBE\u2019s Monetary Policy Committee meeting.<\/p>\n<p>01 January 2019 (Tuesday): New Year's Day, national holiday.<\/p>\n<p>07 January 2019 (Monday): Coptic Christmas.<\/p>\n<p>22-25 January 2019 (Tuesday-Friday): World Economic Forum (WEF) Annual Meeting, Davos-Klosters, Switzerland.<\/p>\n<p>23 January 2019 (Wednesday) 50th Cairo International Book Fair.<\/p>\n<p>25 January 2019 (Friday): Police Day, national holiday.<\/p>\n<p>20-22 April 2019 (Friday-Sunday): Spring meetings of the World Bank and International Monetary Fund, Washington, DC.<\/p>\n<p>25 April 2019 (Thursday): Sinai Liberation day, national holiday.<\/p>\n<p>28 April 2019 (Sunday): Easter Sunday, national holiday.<\/p>\n<p>29 April 2019 (Monday): Easter Monday, national holiday.<\/p>\n<p>01 May 2019 (Wednesday): Labor Day, national holiday.<\/p>\n<p>06 May 2019 (Monday): First day of Ramadan (TBC).<\/p>\n<p>05-06 June 2019 (Wednesday-Thursday): Eid El Fitr (TBC).<\/p>\n<p>10-13 October 2019 (Tuesday-Sunday) Big Industrial Week Arabia 2019, Egypt International Exhibition Center.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":621265,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-621264","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"220f9c9c-c725-4dd2-87b4-afc00f40109e","teaser":"","photo_url":"https:\/\/ent.news\/2016\/8\/1183.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>63% of Egyptian businesses are optimistic, says HSBC - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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