{"id":621586,"date":"2018-11-13T04:18:20","date_gmt":"2018-11-13T04:18:20","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=621586"},"modified":"2025-12-17T06:26:59","modified_gmt":"2025-12-17T06:26:59","slug":"mubadala-buys-20-interest-in-nour-offshore-concession","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/mubadala-buys-20-interest-in-nour-offshore-concession\/","title":{"rendered":"Mubadala buys 20% interest in Nour offshore concession"},"content":{"rendered":"<section id=\"621588\" 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=\"621588\">\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\/13\/what-were-tracking-on-13-november-2018-lower-policymaking-score-oil-is-still-sliding-online-banking-clients-are-really-profitable\/\">\r\n                            What we\u2019re tracking on 13 November 2018: lower policymaking score, oil is still sliding, online banking clients are really profitable                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-621588\" class=\"content-area-description single-story post-621588 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-amcham tag-banking tag-ebrd tag-enterpriseam tag-policy tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_27645\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\">\n<p class=\"f-graphik\" style=\"font-size:14px\">Together with<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27482.svg\" alt=\"\" class=\"wp-image-27482\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><a id=\"tldr-story-08\" class=\"content-anchor\"><\/a> <strong>An EBRD report due out today will give Egypt a lower policymaking score <\/strong>this year than it did last year, according to\u00a0<a href=\"https:\/\/www.reuters.com\/article\/us-ebrd-transition\/ebrd-report-warns-government-transparency-not-improving-idUSKCN1NI009\">Reuters<\/a>, which claims EBRD will put Egypt in the same basket as Jordan, Latvia and Estonia. The EBRD\u2019s annual \u201ctransition\u201d report \u201cscores the progress of countries in six areas from competitiveness and resilience to the way they are governed.\u201d This year\u2019s report is due out at around 6pm CLT. The <a href=\"https:\/\/www.ebrd.com\/documents\/oce\/transition-report-201819-work-in-transition.pdf\">Work in Transition section is now online (pdf)<\/a>, and the full 2017 edition is <a href=\"http:\/\/2017.tr-ebrd.com\">online here<\/a>.<\/p><p><strong>You may want to brace yourself for a some volatility today if you\u2019re trading<\/strong> as negative sentiment in the United States and Asia looks set to spill over into regional and European markets. Wall Street shares skidded yesterday after fears we may have reached Peak iPhone set up a selloff in tech shares that began with Apple. Concerns at GE (which <a href=\"https:\/\/www.cnbc.com\/2018\/11\/12\/ge-ceo-culp-says-he-will-use-asset-sales-to-raise-cash-and-bring-leverage-down-feels-the-urgency.html\">may need to sell off assets<\/a>) and Goldman Sachs (which is being <a href=\"https:\/\/www.cnbc.com\/2018\/11\/12\/goldman-shares-head-for-the-worst-drop-since-2016-as-malaysia-seeks-refunds-on-doomed-deal.html\">roiled by its apparent role in the 1MDB scandal<\/a> in Malaysia) also hurt the market, and the edginess spilled over to Asia this morning. The <a href=\"https:\/\/www.ft.com\/content\/c9e0f94c-e689-11e8-8a85-04b8afea6ea3\">FT<\/a> and <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-11-11\/asia-stocks-to-start-week-with-drop-pound-slips-markets-wrap\">Bloomberg<\/a> are essential reading on the state of play.<\/p><p><strong>Oil is sliding downward again and the USD is at a 16-month high<\/strong>, <a href=\"https:\/\/www.reuters.com\/article\/us-global-markets\/asian-shares-falter-dollar-at-16-month-peak-on-europe-brexit-woes-idUSKCN1NI00Y?il=0\">Reuters<\/a> notes. Brent has now slid below USD 70 and The Donald is adding to the volatility by <a href=\"https:\/\/www.reuters.com\/article\/us-global-oil\/oil-prices-fall-after-trump-calls-on-opec-not-to-cut-supply-idUSKCN1NI01G?il=0\">putting pressure on OPEC<\/a> not to raise prices through production cuts. In the US, <strong>oil is now in its longest losing streak on record<\/strong>, the <a href=\"https:\/\/www.wsj.com\/articles\/oil-jumps-as-opec-moves-closer-to-cutting-output-1542019255\">WSJ<\/a> reports, though \u201con record\u201d is a relative thing \u2014 apparently New York Mercantile Exchange data on US light, sweet crude prices goes back only to 1983.<\/p><p><strong>Our friends at AmCham have invited ten US-based social media influencers and bloggers<\/strong> to tour Cairo, Luxor and El Gouna for seven days until Sunday, <a href=\"https:\/\/ent.news\/2018\/11\/546.pdf\">according to a press release (pdf)<\/a>. The visit is part of an annual activity organized by AmCham\u2019s Travel and Tourism Committee, alongside the Tourism Ministry, to promote tourism here.<\/p><p>(<strong>Speaking of influencers, you know what\u2019s apparently a thing now? \u201c<\/strong>Nanoinfluencers.\u201d <a href=\"https:\/\/www.nytimes.com\/2018\/11\/11\/business\/media\/nanoinfluencers-instagram-influencers.html\">As in \u201c1k followers\u201d nano.<\/a>)<\/p><p>The Middle East Solar Industry Association\u2019s two-day <a href=\"https:\/\/www.mesia.com\/event\/16379\/\"><strong>Solar Energy Trade Mission<\/strong><\/a> wraps up today at the Marriott in Zamalek.<\/p><p><strong>Online banking customers are a third more profitable than traditional bank-based clients<\/strong>, according to the CEO of Singapore\u2019s DBS, that nation\u2019s largest bank. That\u2019s one of the best takeaways from the latest installment in the FT\u2019s ongoing \u201cTransform\u201d report. Read: <a href=\"https:\/\/www.ft.com\/content\/d0ab6b84-c183-11e8-84cd-9e601db069b8\"><strong>Five ways banks are responding to the fintech threat<\/strong><\/a><strong>.<\/strong><\/p><p><strong>If you\u2019re a banker, you will also want to read <\/strong>a handful of other stories in the package:<\/p><ul>\n<li><a href=\"https:\/\/www.ft.com\/content\/01b971b8-c197-11e8-84cd-9e601db069b8\">Online lending: US fintechs gain from behaving more like banks<\/a><\/li>\n<li><a href=\"https:\/\/www.ft.com\/content\/85324256-d824-11e8-a854-33d6f82e62f8\">Banks race to make money on trade finance platforms<\/a><\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/amcham\/\">AmCham<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/ebrd\/\">EBRD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/policy\/\">policy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-today\/\">What We&#039;re Tracking Today<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"621592\" 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, 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draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240923.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/efghldg.com\/en\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27488.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Realize More<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-bd9rd18\" data-v=\"4\" data-block-id=\"bd9rd18\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-bd9rd18-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-bd9rd18-inner-blocks\">\r\n            <div 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class=\"stk-block-content stk-inner-blocks stk-q467r3j-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240925.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/weareinfinity.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/27483.png?fit=300%2C300&#038;ssl=1\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Powering with nature<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-j1lx5f8\" data-v=\"4\" data-block-id=\"j1lx5f8\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-j1lx5f8-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-j1lx5f8-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240926.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.qalaaholdings.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/110691.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Driving growth<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div 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272.971L91.132 467.314c-9.373 9.373-24.569 9.373-33.941 0l-22.667-22.667c-9.357-9.357-9.375-24.522-.04-33.901L188.505 256 34.484 101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg><\/button><\/div><\/div><div class=\"stk-block-carousel__dots\" role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"621593\" 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=\"621593\">\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\/13\/el-sisis-attendance-of-libya-conference-in-italy-leads-the-conversation-on-the-airwaves\/\">\r\n                            El Sisi\u2019s attendance of Libya conference in Italy leads the conversation on the airwaves                        <\/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\/13\/el-sisis-attendance-of-libya-conference-in-italy-leads-the-conversation-on-the-airwaves\/\" 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\/13\/el-sisis-attendance-of-libya-conference-in-italy-leads-the-conversation-on-the-airwaves\/')\">\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\/13\/el-sisis-attendance-of-libya-conference-in-italy-leads-the-conversation-on-the-airwaves\/\">\n                    Facebook                    <!-- <img decoding=\"async\" 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conference in Italy leads the conversation on the airwaves\">\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=El+Sisi%E2%80%99s+attendance+of+Libya+conference+in+Italy+leads+the+conversation+on+the+airwaves+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F13%2Fel-sisis-attendance-of-libya-conference-in-italy-leads-the-conversation-on-the-airwaves%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\/13\/el-sisis-attendance-of-libya-conference-in-italy-leads-the-conversation-on-the-airwaves\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-621593\" class=\"content-area-description single-story post-621593 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-abdel-fattah-el-sisi tag-corruption tag-diplomacy tag-enterprise-last-nights-talk-shows tag-enterpriseam tag-hisham-tawfik tag-house-of-representatives tag-legislation tag-libya tag-national-council-for-human-rights tag-ngos-act tag-public-enterprises-act wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>President Abdel Fattah El Sisi\u2019s attendance of a two-day peace conference on Libya in Italy<\/strong> was the main topic of interest on the airwaves last night. We have the full story in Diplomacy + Foreign Trade, below.<\/p>\n<p><strong>The president will be pushing for a political solution to Libya\u2019s civil war that would unite rival factions<\/strong>, Ittihadiya spokesman Bassam Rady told Masaa DMC. Rady also stressed no political resolution will be possible without the active involvement of the Egypt-backed Libyan military (<a href=\"https:\/\/www.youtube.com\/watch?v=QdaV8kCtVUc\">watch, runtime: 2:41<\/a>). El Hekaya\u2019s Amr Adib prayed out loud for the conference to be fruitful, saying that Libya\u2019s stability has a direct impact on Egypt\u2019s (<a href=\"https:\/\/www.youtube.com\/watch?v=w094Rmjxhww\">watch, runtime: 4:57<\/a>).<\/p>\n<p><strong>Libyan factions are keen on reaching a political situation<\/strong>, but meddling by regional and foreign powers with \u201cagendas\u201d has been stalling progress, Libyan political analyst Abdel Hakim Matouk said (<a href=\"https:\/\/www.youtube.com\/watch?v=8rpAiwexf4g\">watch, runtime: 4:10<\/a>).<\/p>\n<p><strong>Public Enterprises Minister Hisham Tawfik broke down the forthcoming amendments to the Public Enterprises Act<\/strong> for Hona Al Asema. Among the most significant bits of the law seeing a change are clauses pertaining to proportional representation for shareholders in public sector companies and new stipulations that would require state-owned companies to release bi-annual earnings reports to promote transparency. Under the new amendments, a company that loses its entire capital would either be liquidated or merged with another company that is faring better, according to Tawfik. The Madbouly cabinet\u2019s economic group discussed the amendments during a meeting yesterday, according to <a href=\"http:\/\/www.cabinet.gov.eg\/Arabic\/MediaCenter\/CabinetNews\/Pages\/%D8%A7%D8%AC%D8%AA%D9%85%D8%A7%D8%B9-%D8%A7%D9%84%D9%84%D8%AC%D9%86%D8%A9-%D8%A7%D9%84%D9%88%D8%B2%D8%A7%D8%B1%D9%8A%D8%A9-%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A%D8%A9%E2%80%8E9.aspx\">an official statement<\/a>. The changes will make their way through the full Cabinet, Council of State, and House of Representatives before coming into effect (<a href=\"https:\/\/www.youtube.com\/watch?v=9noR16cHQDA\">watch, runtime: 8:55<\/a>).<\/p>\n<p><strong>House Speaker Ali Abdel Aal lambasted the level of corruption in the country\u2019s municipalities<\/strong>, saying during yesterday\u2019s parliamentary session that governors have been uncooperative and unresponsive to MP requests, according to parliament spokesman Salah Hasaballah. Local Development Ministry spokesman Khaled Qassem phoned in to note that the minister himself met yesterday with MPs and discussed their questions and concerns (<a href=\"https:\/\/www.youtube.com\/watch?v=i2X7PwdA52Q\">watch, runtime: 9:46<\/a>). Hasaballah, in turn, said that ministers have been cooperative with parliament and are \u201ckeen\u201d on responding to MPs\u2019 briefing requests (<a href=\"https:\/\/www.youtube.com\/watch?v=760JgKjFeww\">watch, runtime: 1:06<\/a>).<\/p>\n<p><strong>Easing penalties and restrictions imposed on NGOs should be key features of an amended NGOs Act<\/strong>, National Council of Human Rights member Hafez Abu Saeda and General Federation of NGOs Chairman Talaat Abdel Kawi said on Al Hayah Al Youm. Abu Saeda also suggested that the clauses on foreign funding should be relaxed and that, as long as the funds are monitored, they should not be banned altogether (<a href=\"https:\/\/www.youtube.com\/watch?v=Jqzvj97mXmk\">watch, runtime: 1:42<\/a>).<\/p>\n<p><strong>Mo Salah is a class act, part 937: <\/strong>The sculptor behind the bizarre Mo Salah statue unveiled at the World Youth Forum was apparently contacted by the footballer himself to applaud her work, she told El Hekaya\u2019s Amr Adib (<a href=\"https:\/\/www.youtube.com\/watch?v=vxnNCr4cl34\">watch, runtime: 1:45<\/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\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/corruption\/\">Corruption<\/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\/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\/hisham-tawfik\/\">Hisham Tawfik<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/house-of-representatives\/\">House of Representatives<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/legislation\/\">legislation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/libya\/\">Libya<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/national-council-for-human-rights\/\">National Council for Human Rights<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ngos-act\/\">NGOs Act<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/public-enterprises-act\/\">Public Enterprises Act<\/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=\"621594\" 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=\"621594\">\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\/13\/uaes-mubadala-buys-20-interest-in-egypts-nour-concession\/\">\r\n                            UAE\u2019s Mubadala buys 20% interest in Egypt\u2019s Nour concession                        <\/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\/13\/uaes-mubadala-buys-20-interest-in-egypts-nour-concession\/\" 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\/13\/uaes-mubadala-buys-20-interest-in-egypts-nour-concession\/')\">\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\/13\/uaes-mubadala-buys-20-interest-in-egypts-nour-concession\/\">\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=UAE\u2019s Mubadala buys 20% interest in Egypt\u2019s Nour concession&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/13\/uaes-mubadala-buys-20-interest-in-egypts-nour-concession\/\">\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\/13\/uaes-mubadala-buys-20-interest-in-egypts-nour-concession\/&title=UAE\u2019s Mubadala buys 20% interest in Egypt\u2019s Nour concession\">\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=UAE%E2%80%99s+Mubadala+buys+20%25+interest+in+Egypt%E2%80%99s+Nour+concession+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F13%2Fuaes-mubadala-buys-20-interest-in-egypts-nour-concession%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\/13\/uaes-mubadala-buys-20-interest-in-egypts-nour-concession\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-621594\" class=\"content-area-description single-story post-621594 post type-post status-publish format-standard hentry category-speed-round tag-eni tag-enterpriseam tag-mubadala-petroleum tag-oil-and-gas tag-speed-round tag-tharwa-petroleum-company tag-zohr-field wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>M&A WATCH- UAE\u2019s Mubadala buys 20% interest in Egypt\u2019s Nour concession: <\/strong>The UAE\u2019s Mubadala Petroleum has agreed to buy a 20% participating interest in Egypt\u2019s Nour offshore concessionin North Sinai from Italy\u2019s Eni, <a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFD5N1QP017\">Reuters reports<\/a>. The value of the investment was not disclosed. Eni holds an 85% stake in the concession while Tharwa Petroleum Company holds the remaining 15%. The acquisition is pending government approval, Mubadala said. Mubadala <a href=\"https:\/\/enterprise.press\/stories\/2018\/06\/24\/did-eni-pledge-usd-3-bn-in-investments-in-egypt-plus-we-could-be-exporting-natural-gas-by-years-end-early-2019\/\">bought a 10% stake<\/a> in the Shorouk concession, which holds the Zohr gas field, from Eni in a USD 934 mn transaction in June.<\/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\/eni\/\">Eni<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mubadala-petroleum\/\">Mubadala Petroleum<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/oil-and-gas\/\">oil and gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/speed-round\/\">SPEED ROUND<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tharwa-petroleum-company\/\">Tharwa Petroleum Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/zohr-field\/\">Zohr Field<\/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=\"621604\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"621605\" 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=\"621605\">\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\/13\/what-were-tracking-this-week-and-beyond-55\/\">\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\/13\/what-were-tracking-this-week-and-beyond-55\/\" 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\/13\/what-were-tracking-this-week-and-beyond-55\/')\">\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\/13\/what-were-tracking-this-week-and-beyond-55\/\">\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\/13\/what-were-tracking-this-week-and-beyond-55\/\">\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\/13\/what-were-tracking-this-week-and-beyond-55\/&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%2F13%2Fwhat-were-tracking-this-week-and-beyond-55%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\/13\/what-were-tracking-this-week-and-beyond-55\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-621605\" class=\"content-area-description single-story post-621605 post type-post status-publish format-standard hentry category-up-next tag-enterpriseam tag-house-of-representatives tag-real-estate-registry-act tag-up-next wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Amendments to Real Estate Registry Act coming:<\/strong> The Madbouly Cabinet is planning to introduce a bill to the House of Representatives amending the Real Estate Registry Act this week after the Egyptian Council of State completes its review, <a href=\"https:\/\/alborsaanews.com\/2018\/11\/11\/1150452\">Parliamentary Affairs Minister Omar Marwan said<\/a>. He did not reveal details of the amendments.<\/p>\n<p><a href=\"https:\/\/www.cbd.int\/conferences\/2018\"><strong>The UN Biodiversity Conference<\/strong><\/a> headlined \u201cinvesting in biodiversity for people and the planet\u201d will run Thursday, 13 November through to Thursday, 29 November in Sharm El Sheikh.<\/p>\n<p><strong>The <\/strong><a href=\"https:\/\/events.mergermarket.com\/egypt\"><strong>Egypt M&A and Private Equity Forum<\/strong><\/a><strong> will take place on Wednesday, 14 November <\/strong>at the Nile Ritz Carlton in Cairo.<\/p>\n<p><strong>EBRD\u2019s <\/strong><a href=\"https:\/\/www.ebrd.com\/news\/events\/digitalisation-opportunities-for-innovation-in-consultancy-.html\"><strong>conference on opportunities for consultancies in digitalization<\/strong><\/a> will run through 14-15 November at the Marriott Mena House Hotel.<\/p>\n<p><strong>The government will announce by mid-November the date of its first 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\/house-of-representatives\/\">House of Representatives<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate-registry-act\/\">Real Estate Registry Act<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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=\"621606\" 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=\"621606\">\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\/13\/why-africa-is-missing-out-on-the-passive-investment-train\/\">\r\n                            Why Africa is missing out on the passive investment train                        <\/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\/13\/why-africa-is-missing-out-on-the-passive-investment-train\/\" 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\/13\/why-africa-is-missing-out-on-the-passive-investment-train\/')\">\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\/13\/why-africa-is-missing-out-on-the-passive-investment-train\/\">\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=Why Africa is missing out on the passive investment train&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/13\/why-africa-is-missing-out-on-the-passive-investment-train\/\">\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\/13\/why-africa-is-missing-out-on-the-passive-investment-train\/&title=Why Africa is missing out on the passive investment train\">\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=Why+Africa+is+missing+out+on+the+passive+investment+train+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F13%2Fwhy-africa-is-missing-out-on-the-passive-investment-train%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\/13\/why-africa-is-missing-out-on-the-passive-investment-train\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2018\/11\/1074.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"621607\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/13\/why-africa-is-missing-out-on-the-passive-investment-train\/1074-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/11\/1074.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1074.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/11\/1074.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/11\/1074.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-621606\" class=\"content-area-description single-story post-621606 post type-post status-publish format-standard has-post-thumbnail hentry category-the-macro-picture tag-africa tag-asset-management tag-capital-markets tag-enterpriseam tag-london-stock-exchange tag-the-macro-picture wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>Why Africa is missing out on the passive investment train:<\/strong> Passive investing investing tools including exchange-traded funds and index funds together comprise a USD 4.9 tn industry this year thanks largely to lower management fees, limited research required, and the inability of active managers to consistently beat indices. <strong>But Africa hasn\u2019t cashed-in on the growth because African equities are hard to reach<\/strong>, with global investors having minimal exposure through passive investment vehicles. The London Stock Exchange Africa Advisory Group attempts to look at why in <a href=\"https:\/\/www.lseg.com\/sites\/default\/files\/content\/documents\/Africa_PassiveFlows_MWv10.pdf\">a report released over the weekend (pdf)<\/a>.<\/p>\n<p><strong>High transaction costs and lack of liquidity among top hurdles for lack of passive investing:<\/strong> African markets classified as frontier suffer from very high transaction costs, which are proving to be among the top barriers for passive inflows. These, coupled with lower liquidity, has created a vicious cycle of market withdrawals. Together with infrequent new listings, the result is that markets are attract few new inflows, which in turn starves trading \u2014 causing foreign investors to stay out and prompting valuations to drop, according to the report. Other barriers to passive inflows identified by the report include a lack of understanding among African stakeholders around the benefits of a country classification upgrade and limited research coverage of African equities.<\/p>\n<p><strong>How can African policymakers overcome these barriers?<\/strong> Governments must make an active push towards a classification upgrade by engaging with indices and funds, the report suggests. It also calls for regulatory changes that should bring down transaction costs, including reducing stamp duties and capital gains taxes.<\/p>\n<p><strong>LSE series on African capital markets: <\/strong>The report is part of a series of five reports on African capital markets, which you can check out <a href=\"https:\/\/www.lseg.com\/resources\/media-centre\/press-releases\/london-stock-exchange-group-launches-reports-african-capital-markets\">on the landing page here<\/a>. These are topics that in many ways hit close to home, as the various economic ministries and policymakers look at adopting similar or related policies. They are:<\/p>\n<ul>\n<li><strong>Developing offshore local currency bond markets in Africa: <\/strong><a href=\"https:\/\/www.lseg.com\/sites\/default\/files\/content\/documents\/Africa_OffshoreLF_MWv10.pdf\">The report (pdf)<\/a> looks at how raising debt finance from larger offshore capital pools in local currencies is an attractive solution which mitigates an issuer\u2019s currency risks associated with borrowing in hard currencies. Egypt had considered such a move, but decided against such an issuance in the current fiscal year.<\/li>\n<li><strong>Developing the green bond market in Africa: <\/strong>Africa will require the continent to take advantage of green capital raising tools and sources of funding, especially as studies such suggest that the continent will be more severely affected by climate change than any other, <a href=\"https:\/\/www.lseg.com\/sites\/default\/files\/content\/documents\/Africa_GreenFinancing_MWv10_0.pdf\">according to the report (pdf)<\/a>. The government is looking to issue green bonds once the regulations for them are set.<\/li>\n<li><strong>The challenges and opportunities of SME financing in Africa:<\/strong> <a href=\"https:\/\/www.lseg.com\/sites\/default\/files\/content\/documents\/Africa_SMEfinancing_MWv10.pdf\">The report (pdf)<\/a> looks at how SMEs \u2014 which account for around 90% of Africa\u2019s businesses and nearly 80% of the continent's employment \u2014 can benefit from increased training and capacity building, a public register of companies, and supportive government policy. <\/li>\n<li><strong>Trends in corporate information dissemination in Africa: <\/strong>This one is for all the investor relations managers out there, as <a href=\"https:\/\/www.lseg.com\/sites\/default\/files\/content\/documents\/Africa_TrendsinCorporateInDiss_MWv10.pdf\">the report (pdf)<\/a> delves into the state of investor relations communications in Africa and how the timely dissemination of company news plays a central role in the efficient functioning of financial markets.<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/africa\/\">Africa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/asset-management\/\">asset management<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/london-stock-exchange\/\">London Stock Exchange<\/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=\"621608\" 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=\"621608\">\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\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/13\/another-blessedly-slow-news-day-for-egypt-in-the-foreign-press\/\">\r\n                            Another blessedly slow news day for Egypt in the foreign press                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/13\/another-blessedly-slow-news-day-for-egypt-in-the-foreign-press\/\" 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\/13\/another-blessedly-slow-news-day-for-egypt-in-the-foreign-press\/')\">\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\/13\/another-blessedly-slow-news-day-for-egypt-in-the-foreign-press\/\">\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=Another blessedly slow news day for Egypt in the foreign press&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/13\/another-blessedly-slow-news-day-for-egypt-in-the-foreign-press\/\">\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\/13\/another-blessedly-slow-news-day-for-egypt-in-the-foreign-press\/&title=Another blessedly slow news day for Egypt in the foreign press\">\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=Another+blessedly+slow+news+day+for+Egypt+in+the+foreign+press+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F13%2Fanother-blessedly-slow-news-day-for-egypt-in-the-foreign-press%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\/13\/another-blessedly-slow-news-day-for-egypt-in-the-foreign-press\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-621608\" class=\"content-area-description single-story post-621608 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-egypt-in-the-news tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>It\u2019s another blessedly slow news day for Egypt in the foreign press<\/strong>, which still has nothing noteworthy to say about us.<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"621609\" 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=\"621609\">\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\">Worth reading<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/13\/are-millennials-less-entrepreneurial\/\">\r\n                            Are millennials less entrepreneurial?                        <\/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 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src=\"https:\/\/i0.wp.com\/ent.news\/2018\/11\/217.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"621610\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/13\/are-millennials-less-entrepreneurial\/217-jpg-28\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/11\/217.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"217.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/11\/217.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/11\/217.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-621609\" class=\"content-area-description single-story post-621609 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-reading tag-enterpriseam tag-entrepreneurship tag-startups tag-worth-reading wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Are millennials less entrepreneurial?<\/strong> In the era of Facebook, Twitter, Snap and the slew of unicorns founded by (or attractive to) millennials, we were quite surprised when we came across this <a href=\"https:\/\/www.ft.com\/content\/e1f5416e-4eb8-11e8-ac41-759eee1efb74\">piece by the FT<\/a> which suggests that in fact, millenials are less entrepreneurial than their counterparts from Generation X and older. Fewer than 4% of 30-year-olds in the US reported they were in full-time self-employment compared with 5.4% of Generation X and 6.7% of Baby Boomers (defined as those born between 1944 and 1962) at the same age, according to <a href=\"https:\/\/www.sba.gov\/sites\/default\/files\/advocacy\/Millenial_IB.pdf\">a 2014 study by the US Small Business Administration (pdf)<\/a>.<\/p>\n<p><strong>They also fail more often, apparently:<\/strong> That\u2019s not to say that millennials don\u2019t have the youthful independence of previous generations \u2014 entrepreneurs aged between 20 and 35 had on average already set up twice as many businesses as those over 50, according to a 2015 report from BNP Paribas. It\u2019s just that they fail more. \u201cThe younger generation of founders is far less likely to be successful compared with their older peers: the peak age for a founder is 45 with those in their 20s least likely to create a high-growth firm,\u201d according to <a href=\"https:\/\/www.kellogg.northwestern.edu\/faculty\/jones-ben\/htm\/Age%20and%20High%20Growth%20Entrepreneurship.pdf\">a study by US Census Bureau (pdf)<\/a>. In the UK, official data reflects the number of failed businesses.<\/p>\n<p><strong>You can blame the global financial crisis:<\/strong> The FT suggests that art of the downturn in the number of startups run by millenials might be due to an attitude averse to risk that likely took hold during the global financial crisis. US Census Bureau statistics show that startup creation dropped sharply since 2008 and has yet to recover to pre-crisis levels. \u201cMillennials do suffer from a lack of confidence,\u201d said Ana Bakshi, who heads the new Oxford Foundry project, a hub program at Oxford university.<\/p>\n<p><strong>There\u2019s hope in future generations:<\/strong> But there is a change in attitude that is being reflected in younger millennials: 15% of incoming students reported an interest in becoming entrepreneurs in October 2016; according to a study from Oxford university careers service. Almost a year later, the figure had risen to 19%. \u201cThere\u2019s a marked increase \u2014 a significant difference between age groups,\u201d says Robert Osborne of the Centre for Entrepreneurs, a think-tank in London. \u201cBefore people may have started companies in their late 20s but were not getting to scale until their late 30s. In the past 18 months we\u2019ve had lots of young millennials \u2014 around 20 to 25,\u201d said Emma-Jane Packe, managing director of the Supper Club, a networking group for scale-up businesses. That could be because younger entrepreneurs are scaling up their businesses quicker.<\/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\/entrepreneurship\/\">entrepreneurship<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startups\/\">startups<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <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=\"621611\" 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=\"621611\">\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\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/13\/sisi-in-palermo-for-un-backed-libya-stabilization-talks\/\">\r\n                            Sisi in Palermo for UN-backed Libya stabilization talks                        <\/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\/13\/sisi-in-palermo-for-un-backed-libya-stabilization-talks\/\" 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\/13\/sisi-in-palermo-for-un-backed-libya-stabilization-talks\/')\">\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\/13\/sisi-in-palermo-for-un-backed-libya-stabilization-talks\/\">\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=Sisi in Palermo for UN-backed Libya stabilization talks&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/13\/sisi-in-palermo-for-un-backed-libya-stabilization-talks\/\">\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\/13\/sisi-in-palermo-for-un-backed-libya-stabilization-talks\/&title=Sisi in Palermo for UN-backed Libya stabilization talks\">\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=Sisi+in+Palermo+for+UN-backed+Libya+stabilization+talks+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F13%2Fsisi-in-palermo-for-un-backed-libya-stabilization-talks%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\/13\/sisi-in-palermo-for-un-backed-libya-stabilization-talks\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-621611\" class=\"content-area-description single-story post-621611 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-diplomacy tag-diplomacy-foreign-trade tag-enterpriseam tag-italy tag-khalifa-haftar tag-libya tag-un wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>President Abdel Fattah El Sisi is in Palermo, Italy, for a two-day conference to discuss a UN-backed Libya stabilization<\/strong> <strong>plan, <\/strong><a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/505197409999644?__xts__%5b0%5d=68.ARAnIoXYvMGXZXFVydVC4TWWHBH78koNlrYFYS4wL3UI1v096Ip6K8qVgszKSJUr4VIElJH2JnuEgAW96-Hy3WjBYb1v7L-0Cp-6MXLaA_oST56A07CIb9yYmcOd1nt7ygY3BcEXrdYVH8-Ge0aK167GMlACCo8ftBJdS27E6JOMq-PZ4YMMhTtSHH-G9o1Z5GuSCCJm6bN1g7ByiwybCGW6_f2ASfRQXnKhK_Bh-2jJ-Y1gC54BuLSuiEJ62fQLwZ3btq1U9oTEoY7q7Za4InaZS74PcQU5s1ueELRupSpKKYhV5uAVtxuDWZmBZzZZugMrqjBhwowbCNBafrM&__tn__=-R\">Ittihadiya said in a statement<\/a>. Gen. Haftar Khalifa, the Egypt- and UAE-backed military commander who controls eastern Libya, also arrived in Palermo yesterday to attend the gathering, <a href=\"https:\/\/www.reuters.com\/article\/us-libya-security-conference\/libya-rivals-arrive-for-italy-summit-after-december-election-shelved-idUSKCN1NH01O\">according to Reuters<\/a>. This marks Haftar\u2019s first official meeting with the Tripoli-based rival Prime Minister Fayez Al Sarraj since a Paris-hosted summit last May, in which the two agreed to hold national elections on December 10 administered by the UN. Last week, UN Envoy Ghassan Salame officially abandoned the planned elections in favour of this summit, which he said will center around the questions of economic reform and security.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy-foreign-trade\/\">Diplomacy + Foreign Trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/italy\/\">Italy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/khalifa-haftar\/\">Khalifa Haftar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/libya\/\">Libya<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/un\/\">UN<\/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=\"621613\" 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=\"621613\">\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\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/13\/egypt-saudi-interconnection-operational-by-2020-not-next-2022\/\">\r\n                            Egypt-Saudi interconnection operational by 2020, not next 2022                        <\/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\/13\/egypt-saudi-interconnection-operational-by-2020-not-next-2022\/\" 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\/13\/egypt-saudi-interconnection-operational-by-2020-not-next-2022\/')\">\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\/13\/egypt-saudi-interconnection-operational-by-2020-not-next-2022\/\">\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-Saudi interconnection operational by 2020, not next 2022&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/13\/egypt-saudi-interconnection-operational-by-2020-not-next-2022\/\">\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\/13\/egypt-saudi-interconnection-operational-by-2020-not-next-2022\/&title=Egypt-Saudi interconnection operational by 2020, not next 2022\">\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-Saudi+interconnection+operational+by+2020%2C+not+next+2022+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F13%2Fegypt-saudi-interconnection-operational-by-2020-not-next-2022%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\/13\/egypt-saudi-interconnection-operational-by-2020-not-next-2022\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-621613\" class=\"content-area-description single-story post-621613 post type-post status-publish format-standard hentry category-energy tag-egyptera tag-energy tag-enterpriseam tag-saudi-arabia wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.47b6ed0c-5e0e-439b-97fc-6c21310a5a45.mp3\"><\/audio><\/figure>\n<p>\u201cThe USD 1.6 bn Egypt-Saudi power grid will be operational in 2020,\u201d head of the studies and design sector at the Egyptian Electricity Transmission Company (EETC) Lamya Youssef said, <a href=\"https:\/\/almalnews.com\/Story\/398157\/59\/%D9%84%D9%85%D9%8A%D8%A7%D8%A1-%D9%8A%D9%88%D8%B3%D9%81-%D8%AA%D8%B5%D8%AF%D9%8A%D8%B1-3000-%D9%85%D9%8A%D8%AC%D8%A7%D9%88%D8%A7%D8%AA-%D9%83%D9%87%D8%B1%D8%A8%D8%A7%D8%A1-%D9%84%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D9%87-%D9%86%D9%87%D8%A7%D9%8A%D8%A9-2020\">according to Al Mal<\/a>. The project, on which <a href=\"https:\/\/enterprise.press\/stories\/2017\/03\/15\/saudi-egypt-electricity-interconnection-project-back-on\/\">talks resumed<\/a> after a halt period, was slated for inauguration in 2020, with trial runs set for next year, but was <a href=\"https:\/\/enterprise.press\/stories\/2018\/07\/29\/saudi-interconnection-project-pushed-to-2022-from-2020-sources\/\">reportedly pushed to 2022<\/a> after Saudi\u2019s USD 500 bn <a href=\"https:\/\/enterprise.press\/stories\/2018\/02\/12\/first-contracts-awarded-for-saudi-arabias-usd-500-bn-neom-city\/\">Neom City<\/a> mega project derailed the plans. The contracts were also expected to be inked <a href=\"https:\/\/enterprise.press\/stories\/2018\/05\/06\/egypt-saudi-arabia-to-sign-electricity-interconnection-contracts-in-two-months\/\">last summer<\/a>, in time for <a href=\"https:\/\/enterprise.press\/stories\/2018\/01\/30\/egypt-saudi-delay-selecting-winning-company-on-grid-interconnection-project-until-june\/\">the selection of the winning tender bid<\/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\/egyptera\/\">Egyptera<\/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\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"621615\" 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=\"621615\">\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\">Infrastructure<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/13\/finmin-to-launch-6-october-dry-port-ppp-tender-by-early-2019\/\">\r\n                            FinMin to launch 6 October dry port PPP tender by early 2019                        <\/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\/13\/finmin-to-launch-6-october-dry-port-ppp-tender-by-early-2019\/\" 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\/13\/finmin-to-launch-6-october-dry-port-ppp-tender-by-early-2019\/')\">\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\/13\/finmin-to-launch-6-october-dry-port-ppp-tender-by-early-2019\/\">\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=FinMin to launch 6 October dry port PPP tender by early 2019&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/13\/finmin-to-launch-6-october-dry-port-ppp-tender-by-early-2019\/\">\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\/13\/finmin-to-launch-6-october-dry-port-ppp-tender-by-early-2019\/&title=FinMin to launch 6 October dry port PPP tender by early 2019\">\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=FinMin+to+launch+6+October+dry+port+PPP+tender+by+early+2019+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F13%2Ffinmin-to-launch-6-october-dry-port-ppp-tender-by-early-2019%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\/13\/finmin-to-launch-6-october-dry-port-ppp-tender-by-early-2019\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-621615\" class=\"content-area-description single-story post-621615 post type-post status-publish format-standard hentry category-infrastructure tag-atter-hanoura tag-enterpriseam tag-finance-ministry tag-infrastructure tag-logistics 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\/.e907f0c9-0ba0-471e-8edf-7c637e0df662.mp3\"><\/audio><\/figure>\n<p>The Finance Ministry will launch the public-private partnership (PPP) tender for the c. USD 110 mn 6 October dry port by early next year, head of the ministry\u2019s PPP unit Ater Hanoura told Amwal Al Ghad. The project is comprised of cargo zones, customs clearance offices, and multipurpose storage facilities and will be linked to Egypt\u2019s key seaports to expand international shipping. The tender was supposed <a href=\"https:\/\/enterprise.press\/stories\/2018\/08\/26\/transport-ministry-to-launch-tender-for-usd-100-mn-six-october-dry-port-next-month\/\">to have launched this quarter<\/a> after the government announced <a href=\"https:\/\/enterprise.press\/stories\/2018\/06\/07\/govt-announces-consortia-qualified-for-six-october-dry-port\/\">the three qualified bidders<\/a>, and the results were <a href=\"https:\/\/enterprise.press\/stories\/2018\/11\/01\/holding-co-for-maritime-dp-world-sign-shareholders-structure-agreement-in-6-october-dry-port-jv\/\">expected to be announced<\/a> before the end of the 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\/atter-hanoura\/\">Atter Hanoura<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/finance-ministry\/\">Finance Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/logistics\/\">logistics<\/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=\"621616\" 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=\"621616\">\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\">Basic Materials + Commodities<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/13\/egypt-to-begin-exporting-fruits-and-vegetables-to-japan\/\">\r\n                            Egypt to begin exporting fruits and vegetables to Japan                        <\/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\/13\/egypt-to-begin-exporting-fruits-and-vegetables-to-japan\/\" 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\/13\/egypt-to-begin-exporting-fruits-and-vegetables-to-japan\/')\">\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\/13\/egypt-to-begin-exporting-fruits-and-vegetables-to-japan\/\">\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 to begin exporting fruits and vegetables to Japan&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/13\/egypt-to-begin-exporting-fruits-and-vegetables-to-japan\/\">\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\/13\/egypt-to-begin-exporting-fruits-and-vegetables-to-japan\/&title=Egypt to begin exporting fruits and vegetables to Japan\">\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+to+begin+exporting+fruits+and+vegetables+to+Japan+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F13%2Fegypt-to-begin-exporting-fruits-and-vegetables-to-japan%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\/13\/egypt-to-begin-exporting-fruits-and-vegetables-to-japan\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-621616\" class=\"content-area-description single-story post-621616 post type-post status-publish format-standard hentry category-basic-materials-commodities tag-agriculture tag-asia tag-basic-materials-commodities tag-economy tag-enterpriseam tag-japan tag-trade 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\/.c5573251-0015-4cf3-831b-90d94bbcd1f1.mp3\"><\/audio><\/figure>\n<p>Egypt will begin exporting fruits and vegetables to Japan after quarantine officials from both countries reached an agreement on quality and safety standards, Agriculture Minister Ezzedin Abou Steit said, <a href=\"http:\/\/www.sis.gov.eg\/Story\/178377\/%D9%88%D8%B2%D9%8A%D8%B1-%D8%A7%D9%84%D8%B2%D8%B1%D8%A7%D8%B9%D8%A9-%D9%8A%D8%B9%D9%84%D9%86-%D9%81%D8%AA%D8%AD-%D8%A7%D9%84%D8%A3%D8%B3%D9%88%D8%A7%D9%82-%D8%A7%D9%84%D9%8A%D8%A7%D8%A8%D8%A7%D9%86%D9%8A%D8%A9-%D8%A3%D9%85%D8%A7%D9%85-%D8%A7%D9%84%D9%85%D9%86%D8%AA%D8%AC%D8%A7%D8%AA-%D8%A7%D9%84%D8%B2%D8%B1%D8%A7%D8%B9%D9%8A%D8%A9-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A%D8%A9?lang=ar\">according to the State Information Service<\/a>. Crops set for export include potatoes, garlic, watermelons and dates. Agriculture officials have been targeting new export markets lately and <a href=\"https:\/\/enterprise.press\/stories\/2018\/09\/10\/egypt-is-looking-to-export-pomegranates-dates-and-grapes-to-east-asia\/\">are eyeing countries<\/a>in East Asia as potential export markets for products include dates, grapes, and pomegranates.<\/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\/agriculture\/\">agriculture<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/asia\/\">Asia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/basic-materials-commodities\/\">Basic Materials + Commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/japan\/\">Japan<\/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=\"621617\" 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=\"621617\">\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\">Tourism<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/13\/tourism-ministry-considering-three-mechanisms-in-establishing-private-equity-fund-to-upgrade-hotels\/\">\r\n                            Tourism Ministry considering three mechanisms in establishing private equity fund to upgrade hotels                        <\/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\/13\/tourism-ministry-considering-three-mechanisms-in-establishing-private-equity-fund-to-upgrade-hotels\/\" 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\/13\/tourism-ministry-considering-three-mechanisms-in-establishing-private-equity-fund-to-upgrade-hotels\/')\">\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\/13\/tourism-ministry-considering-three-mechanisms-in-establishing-private-equity-fund-to-upgrade-hotels\/\">\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=Tourism Ministry considering three mechanisms in establishing private equity fund to upgrade hotels&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/13\/tourism-ministry-considering-three-mechanisms-in-establishing-private-equity-fund-to-upgrade-hotels\/\">\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\/13\/tourism-ministry-considering-three-mechanisms-in-establishing-private-equity-fund-to-upgrade-hotels\/&title=Tourism Ministry considering three mechanisms in establishing private equity fund to upgrade hotels\">\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=Tourism+Ministry+considering+three+mechanisms+in+establishing+private+equity+fund+to+upgrade+hotels+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F13%2Ftourism-ministry-considering-three-mechanisms-in-establishing-private-equity-fund-to-upgrade-hotels%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\/13\/tourism-ministry-considering-three-mechanisms-in-establishing-private-equity-fund-to-upgrade-hotels\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-621617\" class=\"content-area-description single-story post-621617 post type-post status-publish format-standard hentry category-tourism tag-development tag-economy tag-enterpriseam tag-private-equity tag-tourism tag-tourism-and-antiquities-ministry wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.6f7d2b8c-35ba-4e1e-afc2-f6e7959c9b04.mp3\"><\/audio><\/figure>\n<p>The Tourism Ministry is considering three scenarios for the upgrade of Egypt\u2019s hotels and resorts through its planned private equity fund, <a href=\"https:\/\/www.almalnews.com\/Story\/398099\/15\/%D8%A7%D9%84%D8%AD%D9%83%D9%88%D9%85%D8%A9-%D8%AA%D8%AF%D8%B1%D8%B3-%D8%A5%D8%B7%D9%84%D8%A7%D9%82-%D8%B5%D9%86%D8%AF%D9%88%D9%82-%D9%8A%D8%B4%D8%AA%D8%B1%D9%8A-%D8%AF%D9%8A%D9%88%D9%86-%D8%A7%D9%84%D9%81%D9%86%D8%A7%D8%AF%D9%82-%D8%A7%D9%84%D9%85%D8%AA%D8%B9%D8%AB%D8%B1%D8%A9-%D9%85%D9%82%D8%A7%D8%A8%D9%84-%D8%B9%D9%88%D8%A7%D8%A6%D8%AF-%D8%A7%D9%84%D8%AA%D8%B4%D8%BA%D9%8A%D9%84\">unnamed sources told Al Mal<\/a>. The scenarios include the fund fully acquiring hotels and developing a plan to increase revenues; partially acquiring hotel shares and using dividends to pay off its debts; and hiring an international management company to take the lead on the process. The move would be part of a comprehensive sector strategy, called \u201cE-Trip,\u201d that would include <a href=\"https:\/\/enterprise.press\/stories\/2018\/11\/11\/tourism-ministry-to-launch-pe-fund-introduce-legislation-to-overhaul-egypt-tourism-sector\/\">new legislation<\/a> for the industry, which is set to be officially proposed to the House of Representatives at the end of the month.<\/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\/development\/\">development<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/private-equity\/\">private equity<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism-and-antiquities-ministry\/\">Tourism and Antiquities Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"621618\" 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=\"621618\">\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\">Banking + Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/13\/smes-authority-in-talks-with-wb-for-usd-200-mn-loan-to-fund-egypt-smes\/\">\r\n                            SMEs authority in talks with WB for USD 200 mn loan to fund Egypt SMEs                        <\/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\/13\/smes-authority-in-talks-with-wb-for-usd-200-mn-loan-to-fund-egypt-smes\/\" 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\/13\/smes-authority-in-talks-with-wb-for-usd-200-mn-loan-to-fund-egypt-smes\/')\">\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\/13\/smes-authority-in-talks-with-wb-for-usd-200-mn-loan-to-fund-egypt-smes\/\">\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=SMEs authority in talks with WB for USD 200 mn loan to fund Egypt SMEs&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/13\/smes-authority-in-talks-with-wb-for-usd-200-mn-loan-to-fund-egypt-smes\/\">\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\/13\/smes-authority-in-talks-with-wb-for-usd-200-mn-loan-to-fund-egypt-smes\/&title=SMEs authority in talks with WB for USD 200 mn loan to fund Egypt SMEs\">\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=SMEs+authority+in+talks+with+WB+for+USD+200+mn+loan+to+fund+Egypt+SMEs+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F13%2Fsmes-authority-in-talks-with-wb-for-usd-200-mn-loan-to-fund-egypt-smes%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\/13\/smes-authority-in-talks-with-wb-for-usd-200-mn-loan-to-fund-egypt-smes\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-621618\" class=\"content-area-description single-story post-621618 post type-post status-publish format-standard hentry category-banking-finance tag-banking tag-banking-finance tag-enterpriseam tag-finance tag-nevine-gamea tag-smes tag-world-bank 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\/.f2c42d86-ac6d-41b3-af06-38fddec66762.mp3\"><\/audio><\/figure>\n<p>The SME Development Authority is in talks with the World Bank for a USD 200 mn loan to finance new projects, authority head Nevine Gamea tells Amwal Al Ghad. The authority is expecting to reach a final agreement by year-end. We <a href=\"https:\/\/enterprise.press\/stories\/2018\/10\/22\/sahar-nasr-negotiating-with-wb-over-usd-200-mn-loan-for-smes\/\">had noted last month<\/a> that the government had approached the bank for a USD 200 mn loan focused on youth- and women-led SMEs. The authority is also in talks with Germany\u2019s state-owned development bank KfW to provide a USD 100 mn loan to fund SMEs in the country, the authority\u2019s planning head Tarek Shash said, <a href=\"http:\/\/www.masrawy.com\/news\/news_economy\/details\/2018\/11\/12\/1461304\/100-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D9%85%D9%86-%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D8%AA%D8%B9%D9%85%D9%8A%D8%B1-%D8%A7%D9%84%D8%A3%D9%84%D9%85%D8%A7%D9%86%D9%8A-%D9%84%D9%80-%D8%AA%D9%86%D9%85%D9%8A%D8%A9-%D8%A7%D9%84%D9%85%D8%B4%D8%B1%D9%88%D8%B9%D8%A7%D8%AA-%D9%81%D9%8A-2019#sectionListing\">according to Masrawy<\/a>. The loan is expected to be disbursed in 2019.<\/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\/nevine-gamea\/\">Nevine Gamea<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/smes\/\">SMEs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-bank\/\">World Bank<\/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=\"621620\" 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=\"621620\">\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\">Other Business News of Note<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/13\/carbon-holdings-usd-11-bn-petrochemicals-projects-gets-spotlight-in-the-african-investment-forum\/\">\r\n                            Carbon Holdings\u2019 USD 11 bn petrochemicals projects gets spotlight in the African Investment Forum                        <\/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\/13\/carbon-holdings-usd-11-bn-petrochemicals-projects-gets-spotlight-in-the-african-investment-forum\/\" 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\/13\/carbon-holdings-usd-11-bn-petrochemicals-projects-gets-spotlight-in-the-african-investment-forum\/')\">\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\/13\/carbon-holdings-usd-11-bn-petrochemicals-projects-gets-spotlight-in-the-african-investment-forum\/\">\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=Carbon Holdings\u2019 USD 11 bn petrochemicals projects gets spotlight in the African Investment Forum&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/13\/carbon-holdings-usd-11-bn-petrochemicals-projects-gets-spotlight-in-the-african-investment-forum\/\">\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\/13\/carbon-holdings-usd-11-bn-petrochemicals-projects-gets-spotlight-in-the-african-investment-forum\/&title=Carbon Holdings\u2019 USD 11 bn petrochemicals projects gets spotlight in the African Investment Forum\">\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=Carbon+Holdings%E2%80%99+USD+11+bn+petrochemicals+projects+gets+spotlight+in+the+African+Investment+Forum+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F13%2Fcarbon-holdings-usd-11-bn-petrochemicals-projects-gets-spotlight-in-the-african-investment-forum%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\/13\/carbon-holdings-usd-11-bn-petrochemicals-projects-gets-spotlight-in-the-african-investment-forum\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-621620\" class=\"content-area-description single-story post-621620 post type-post status-publish format-standard hentry category-other-business-news-of-note tag-carbon-holdings tag-enterpriseam tag-other-business-news-of-note tag-petrochemicals tag-tahrir-petrochemicals-complex 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\/.7efa59aa-b99c-4b36-abc2-9b34d01cfeba.mp3\"><\/audio><\/figure>\n<p>Carbon Holdings showcased its USD 11 bn Tahrir Petrochemicals Complex (TPC) at the African Investment Forum in Johannesburg last week, <a href=\"https:\/\/enterprise.press\/wp-content\/uploads\/2018\/11\/FINALCarbon-Holding-NR-AIF-Event-E-v5-003.pdf\">it said in a statement<\/a>. \u201cThe Africa Investment Forum represents an important opportunity for us to exhibit our proposed circa USD 11 bn TPC polyolefins plant as an example of a megaproject that is not only potentially transformational for Egypt alone but for the whole of Africa,\u201d said Carbon Holdings Chairman and CEO Basil El Baz.<\/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\/carbon-holdings\/\">Carbon Holdings<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/other-business-news-of-note\/\">Other Business News of Note<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/petrochemicals\/\">petrochemicals<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tahrir-petrochemicals-complex\/\">Tahrir Petrochemicals Complex<\/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=\"621622\" 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=\"621622\">\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\">Egypt Politics + Economics<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/13\/former-menoufia-governor-sentenced-to-10-years-in-prison-for-bribery\/\">\r\n                            Former Menoufia governor sentenced to 10 years in prison for bribery                        <\/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\/13\/former-menoufia-governor-sentenced-to-10-years-in-prison-for-bribery\/\" 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\/13\/former-menoufia-governor-sentenced-to-10-years-in-prison-for-bribery\/')\">\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\/13\/former-menoufia-governor-sentenced-to-10-years-in-prison-for-bribery\/\">\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=Former Menoufia governor sentenced to 10 years in prison for bribery&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/13\/former-menoufia-governor-sentenced-to-10-years-in-prison-for-bribery\/\">\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\/13\/former-menoufia-governor-sentenced-to-10-years-in-prison-for-bribery\/&title=Former Menoufia governor sentenced to 10 years in prison for bribery\">\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=Former+Menoufia+governor+sentenced+to+10+years+in+prison+for+bribery+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F13%2Fformer-menoufia-governor-sentenced-to-10-years-in-prison-for-bribery%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\/13\/former-menoufia-governor-sentenced-to-10-years-in-prison-for-bribery\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-621622\" class=\"content-area-description single-story post-621622 post type-post status-publish format-standard hentry category-egypt-politics-economics tag-corruption tag-egypt-politics-economics tag-enterpriseam 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\/.497ca045-f805-4d3d-baa5-2e6e6d517b3b.mp3\"><\/audio><\/figure>\n<p>A criminal court sentenced yesterday former Menoufia Governor Hisham Abdel Basset to 10 years in prison and handed him a EGP 15 mn fine for accepting bribes worth USD 1.5 mn, <a href=\"https:\/\/www.apnews.com\/d72e720eca4a4da0adaa7539c41e823f\">according to the Associated Press<\/a>. Abdel Basset has been charged with accepting bribes in return for awarding construction and IT contracts to Egyptian businessman Essam Ahmed Fathi, who was cleared of all charges. The verdict can be appealed.<\/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\/corruption\/\">Corruption<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-politics-economics\/\">Egypt Politics + Economics<\/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=\"621624\" 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=\"621624\">\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\/13\/us-hosts-seminars-across-egypt-in-celebration-of-entrepreneurship-week\/\">\r\n                            US hosts seminars across Egypt in celebration of entrepreneurship week                        <\/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\/13\/us-hosts-seminars-across-egypt-in-celebration-of-entrepreneurship-week\/\" 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\/13\/us-hosts-seminars-across-egypt-in-celebration-of-entrepreneurship-week\/')\">\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\/13\/us-hosts-seminars-across-egypt-in-celebration-of-entrepreneurship-week\/\">\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=US hosts seminars across Egypt in celebration of entrepreneurship week&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/13\/us-hosts-seminars-across-egypt-in-celebration-of-entrepreneurship-week\/\">\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\/13\/us-hosts-seminars-across-egypt-in-celebration-of-entrepreneurship-week\/&title=US hosts seminars across Egypt in celebration of entrepreneurship week\">\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=US+hosts+seminars+across+Egypt+in+celebration+of+entrepreneurship+week+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F13%2Fus-hosts-seminars-across-egypt-in-celebration-of-entrepreneurship-week%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\/13\/us-hosts-seminars-across-egypt-in-celebration-of-entrepreneurship-week\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-621624\" class=\"content-area-description single-story post-621624 post type-post status-publish format-standard hentry category-on-your-way-out tag-enterpriseam tag-entrepreneurship tag-startups tag-us wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The US embassy in Cairo is hosting workshops for entrepreneurs to mark Global Entrepreneurship Week<\/strong>, the embassy <a href=\"https:\/\/eg.usembassy.gov\/u-s-helps-egyptians-hone-skills-during-global-entrepreneurship-week\/\">announced in a statement<\/a>. The events, which will feature discussions on business development, branding, e-commerce, and other issues pertaining to entrepreneurs, will be held in Cairo, Alexandria and Upper Egypt, at Cairo\u2019s Maadi Public Library\u2019s American Corner, the Greek Campus, the American Center at the US Embassy in Cairo, Alexandria\u2019s Jesuit Cultural Center.<\/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\/entrepreneurship\/\">entrepreneurship<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startups\/\">startups<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <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=\"621627\" 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=\"621627\">\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\/13\/621627\/\">\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\/13\/621627\/\" 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\/13\/621627\/')\">\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\/13\/621627\/\">\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\/13\/621627\/\">\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\/13\/621627\/&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%2F13%2F621627%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\/13\/621627\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-621627\" class=\"content-area-description single-story post-621627 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\n<p><strong>EGP \/ USD CBE market average: <\/strong>Buy 17.86 | Sell 17.95<strong>56+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> (Monday): 13,678 (+0.8%)<br \/>\n <strong>Turnover:<\/strong> EGP 1.7 bn (130% above the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: -8.9%<\/p>\n<p><strong>THE MARKET ON MONDAY:<\/strong> The EGX30 ended Monday\u2019s session up 0.8%. CIB, the index heaviest constituent ended up 0.7%. EGX30\u2019s top performing constituents were Global Telecom up 3.5%, and Juhayna up 3.2%, and Elsewedy Electric up 3.2%. Yesterday\u2019s worst performing stocks were Qalaa Holdings down 1.6%, TMG Holding down 1.2% and Ibnsina Pharma down 0.8%. The market turnover was EGP 1.7 bn, and regional investors were the sole net sellers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Long | EGP +22.3 mn<br \/>\n <strong>Regional<\/strong>: Net Short | EGP -125.6 mn<br \/>\n <strong>Domestic<\/strong>: Net Long | EGP +103.2 mn<\/p>\n<p><strong>Retail<\/strong>: 51.2% of total trades | 35.0% of buyers | 67.5% of sellers<br \/>\n <strong>Institutions<\/strong>: 48.8% of total trades | 65.0% of buyers | 32.5% of sellers<\/p>\n<hr class=\"grey-line\">\n<p><span style=\"color: #299a0b; font-weight: bold;\">***<br \/>\nPHAROS VIEW<\/span><\/p>\n<\/p>\n<p><strong>Pharos View \u2014 Domestic inflation dynamics and EM monetary tightening support maintaining rates: <\/strong>Pharos Holdings sees domestic inflation rate dynamics and EM monetary conditions support maintaining rates in the upcoming MPC meeting on 15 November. The high yields in other EMs are putting more pressure on Egypt to maintain policy rates. Egypt after-tax yield is 15.78%, which is still competitive among other emerging market yields due to Egypt\u2019s moderate risk levels, as reflected by the CDS rates. This comes as foreign ownership of domestic short term debt has declined 7.8% m-o-m at the end of September 2018 to be USD 13.1 bn, down from USD 14.2 bnin August 2018. On the inflation front, we expect the monthly inflation rate to decelerate, specifically to 1.5% in November 2018 and 1% in December 2018. This is mainly driven by vegetables price normalization when the new harvest season starts. We expect inflation to decelerate again to be 17.1% y-o-y in 3Q2018-19. <a href=\"https:\/\/ent.news\/2018\/11\/823.pdf\">You can view the full report here (pdf)<\/a>.<\/p>\n<p><p><span style=\"color: #299a0b; font-weight: bold;\">***<\/span><\/p>\n<hr class=\"grey-line\">\n<p><strong>WTI:<\/strong> USD 58.98 (-1.59%)<br \/>\n <strong>Brent:<\/strong> USD 70.12 (-0.09%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 3.93 MMBtu, (+3.83%, December 2018 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,201.7 \/ troy ounce (-0.15%)<br \n<\/p>\n<p><strong>TASI:<\/strong> 7,774.99 (+0.83%) (YTD: +7.59%)<br \/>\n <strong>ADX:<\/strong> 4,954.23 (-0.96%) (YTD: +12.64%)<br \/>\n <strong>DFM:<\/strong> 2,802.88 (-0.53%) (YTD: -16.83%)<br \/>\n <strong>KSE Premier Market:<\/strong> 5,289.97 (-0.2%)<br \/>\n <strong>QE:<\/strong> 10,415.00 (+0.24%) (YTD: +22.19%)<br \/>\n <strong>MSM:<\/strong> 4,479.62 (-0.53%) (YTD: -12.15%)<br \/>\n <strong>BB: <\/strong>1,308.36 (-0.32%) (YTD: -1.75%)<\/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=\"621628\" 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\/13\/621628\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-621628\" class=\"content-area-description single-story post-621628 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>12-13 November (Monday-Tuesday) <a href=\"https:\/\/www.mesia.com\/event\/16379\/\">Mesia Solar Trade Mission<\/a>, Cairo Marriott Hotel & Omar Khayyam Casino, 16 Saray El Gezira Street, Zamalek, Cairo, Egypt<\/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>14-15 November (Wednesday-Thursday) <a href=\"https:\/\/www.ebrd.com\/news\/events\/digitalisation-opportunities-for-innovation-in-consultancy-.html\">Digitalisation: opportunities for innovation in consultancy<\/a>, Marriott Mena House Hotel, Cairo, Egypt<\/p>\n<p>15 November (Thursday): CBE\u2019s Monetary Policy Committee meeting.15 November (Thursday)<\/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\">\u00a0The 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 at the end of November to promote investment, the council\u2019s chairman, <a href=\"https:\/\/alborsaanews.com\/2018\/10\/15\/1141389\">Hani Berzi, said<\/a>.<\/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>09-10 December (Sunday-Monday): Cairo Regional Centre for International Commercial Arbitration\u2019s <a href=\"http:\/\/sharmvii.crcica.org\/\">Sharm El Sheikh VII conference<\/a>, Egypt Hall, SOHO Square, 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 Sheikh, 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":621587,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-621586","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"08ac4360-6961-41eb-8c2e-984a98755556","teaser":"","photo_url":"https:\/\/ent.news\/2016\/1\/75.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>Mubadala buys 20% interest in Nour offshore concession - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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