{"id":621991,"date":"2018-11-25T04:22:08","date_gmt":"2018-11-25T04:22:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=621991"},"modified":"2025-12-17T06:41:43","modified_gmt":"2025-12-17T06:41:43","slug":"policy-change-could-see-banks-paying-billions-more-in-taxes","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/policy-change-could-see-banks-paying-billions-more-in-taxes\/","title":{"rendered":"Policy change could see banks paying billions more in taxes"},"content":{"rendered":"<section id=\"621993\" 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=\"621993\">\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\/25\/what-were-tracking-on-25-november-2018\/\">\r\n                            What we\u2019re tracking on 25 November 2018                        <\/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\/25\/what-were-tracking-on-25-november-2018\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/25\/what-were-tracking-on-25-november-2018\/655-png-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/11\/655.png?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"655.png\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/11\/655.png?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/11\/655.png?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-621993\" class=\"content-area-description single-story post-621993 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-asset-management tag-cairo-ict tag-climate-change tag-energy tag-enterpriseam tag-mohammed-bin-salman tag-retail tag-russia tag-saudi-arabia 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><strong>** NEW SECTION: What\u2019s driving the conversation for the government today? <\/strong>We\u2019re launching this morning a new section appearing just before Egypt in the News that dissects the front pages of the nation\u2019s three major state-owned dailies (Al Ahram, Al Akhbar and Al Gomhuria) for cues on the messages being pushed out by the government each day.<\/p><p><strong>Saudi Crown Prince Mohammed bin Salman is scheduled to arrive in Cairo today<\/strong> for meetings with President Abdel Fattah El Sisi, Rep. Mostafa Bakry <a href=\"https:\/\/twitter.com\/BakryMP\/status\/1066411946231164929\">tweeted yesterday<\/a>.<\/p><p><strong>The <\/strong><a href=\"http:\/\/cairoict.com\/\"><strong>Cairo ICT<\/strong><\/a><strong> expo runs today through Wednesday<\/strong> at the Egypt International Exhibition Center. More than 500 companies from 16 countries are set to participate.<\/p><p><strong>Oil prices plunged on Friday, dragging equities lower<\/strong> in a short, low-volume trading day in the US after Thursday\u2019s Thanksgiving holiday. The Dow, Nasdaq and S&amp;P 500 all closed down more than 3% last week. Reuters has more <a href=\"https:\/\/www.reuters.com\/article\/us-global-markets\/oil-tumbles-on-oversupply-concerns-sinking-world-stocks-idUSKCN1NS01Q\">here<\/a> and <a href=\"https:\/\/www.reuters.com\/article\/us-usa-stocks\/wall-street-drops-sp-500-confirms-correction-idUSKCN1NS1FA\">here<\/a><\/p><p><strong>MbS and Russia\u2019s Putin are expected to reach an agreement on oil prices<\/strong> on the sidelines of the G20 summit in Buenos Aires this week, setting the stage OPEC\u2019s 6 December meeting in Vienna, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-11-23\/as-oil-plunges-the-real-opec-meeting-will-be-at-next-week-s-g20?srnd=premium-middle-east\">Bloomberg notes<\/a>.<\/p><p><strong>Sign of the times #1: October was the worst month for active fund managers in two years<\/strong>, at least as measured by outflows. \u201cActive funds saw USD 46 bn in outflows in October, their worst month since December 2016,\u201d <a href=\"https:\/\/www.businessinsider.com\/morningstar-october-fund-flows-2018-11\">Business Insider<\/a> reports, citing Morningstar data, while passive funds brought in USD 16.9 bn.<\/p><p><strong>Sign of the times #2: Black Friday pulled in a record USD 6.22 bn in online sales <\/strong>in the United States, <a href=\"https:\/\/www.cnbc.com\/2018\/11\/24\/black-friday-pulled-in-a-record-6point22-billion-in-online-sales-adobe.html\">CNBC reports<\/a>, citing data from Adobe Analytics.<\/p><p><strong>Wait, you mean a cashless society isn\u2019t the answer? <\/strong>\u201cCash is disappearing in [Sweden] faster than anyone thought it would. Now, officials are trying to slow its demise as they determine the societal costs.\u201d At issue: What a cashless society means for young people and oldsters \u2014 and how to access money when there\u2019s a power outage or natural disaster. Oh, and then there\u2019s the small question of how the central bank can maintain control through an e-currency. Read more in the <a href=\"https:\/\/www.nytimes.com\/2018\/11\/21\/business\/sweden-cashless-society.html\">New York Times<\/a> or catch this speech in which <a href=\"https:\/\/www.riksbank.se\/globalassets\/media\/tal\/engelska\/ingves\/2018\/the-e-krona-and-the-payments-of-the-future.pdf\">Sweden\u2019s central bank governor makes the case for why a state-issued e-currency is necessary (pdf)<\/a>.<\/p><p><strong>Climate change will shave 10% off the size of the US economy by the end of this century: <\/strong>The climate is \u201cchanging faster than at any point in the history of modern civilisation\u201d according to a landmark assessment released by the White House. Climate change will result in crop failure, more wildfires, drought and crumbling infrastructure unless drastic action is taken today, the report suggests. Read more in the <a href=\"https:\/\/www.nytimes.com\/2018\/11\/23\/climate\/us-climate-report.html\">New York Times<\/a> or the <a href=\"https:\/\/www.ft.com\/content\/216b5ed2-ef68-11e8-89c8-d36339d835c0\">Financial Times<\/a> or <a href=\"https:\/\/nca2018.globalchange.gov\">peruse the report yourself here<\/a>.<\/p><p><strong>Online shopping is generally better for the environment <\/strong>than driving your mall-crawler to crash sales at your local big box store. <a href=\"https:\/\/www.cbc.ca\/news\/technology\/online-shopping-carbon-footprint-1.4914942\">But next-day delivery? Not so much<\/a>, writes Canada\u2019s CBC.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/asset-management\/\">asset management<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cairo-ict\/\">Cairo ICT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/climate-change\/\">climate change<\/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\/mohammed-bin-salman\/\">Mohammed bin Salman<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/retail\/\">retail<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/russia\/\">Russia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-today\/\">What We&#039;re Tracking Today<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n           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class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240922.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.hsbc.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27489.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Opening up a world of opportunity<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-rfd9j3e\" data-v=\"4\" data-block-id=\"rfd9j3e\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-rfd9j3e-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-rfd9j3e-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240923.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/efghldg.com\/en\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27488.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Realize More<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-u2whyll\" data-v=\"4\" data-block-id=\"u2whyll\"><div 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stk-block-column stk-column stk-block stk-p7sx5u7\" data-v=\"4\" data-block-id=\"p7sx5u7\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-p7sx5u7-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-p7sx5u7-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-y9s6j15\" data-v=\"4\" data-block-id=\"y9s6j15\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-y9s6j15-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-y9s6j15-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240926.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.qalaaholdings.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/110691.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Driving growth<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-left\" class=\"svg-inline--fa fa-chevron-left\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M34.52 239.03L228.87 44.69c9.37-9.37 24.57-9.37 33.94 0l22.67 22.67c9.36 9.36 9.37 24.52.04 33.9L131.49 256l154.02 154.75c9.34 9.38 9.32 24.54-.04 33.9l-22.67 22.67c-9.37 9.37-24.57 9.37-33.94 0L34.52 272.97c-9.37-9.37-9.37-24.57 0-33.94z\"><\/path><\/svg><\/button><button class=\"stk-block-carousel__button stk-block-carousel__button__next\" aria-label=\"Next slide\"><svg aria-hidden=\"true\" focusable=\"false\" 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   \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\/25\/rumors-that-egypt-is-exporting-cats-and-dogs-cause-a-ruckus-on-the-airwaves\/\">\r\n                            Rumors that Egypt is exporting cats and dogs cause a ruckus 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\/25\/rumors-that-egypt-is-exporting-cats-and-dogs-cause-a-ruckus-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\/25\/rumors-that-egypt-is-exporting-cats-and-dogs-cause-a-ruckus-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\/25\/rumors-that-egypt-is-exporting-cats-and-dogs-cause-a-ruckus-on-the-airwaves\/\">\n          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is exporting cats and dogs cause a ruckus 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=Rumors+that+Egypt+is+exporting+cats+and+dogs+cause+a+ruckus+on+the+airwaves+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F25%2Frumors-that-egypt-is-exporting-cats-and-dogs-cause-a-ruckus-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\/25\/rumors-that-egypt-is-exporting-cats-and-dogs-cause-a-ruckus-on-the-airwaves\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-621997\" class=\"content-area-description single-story post-621997 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-agriculture-ministry tag-education tag-enterprise-last-nights-talk-shows tag-enterpriseam tag-jamal-khashoggi tag-tarek-shawki 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-08\"><\/a> <strong>News circulating over the weekend that Egypt is exporting stray cats and dogs<\/strong> caused a ruckus on the airwaves last night. For context: House Rep. Maria Azer had proposed several weeks ago that Egypt should export stray animals to Asian countries where these animals are consumed as food. A spokesman from the Agriculture Ministry\u2019s General Organization for Veterinary Services denied that the ministry\u2019s role in these exports extends beyond issuing health certificates for the animals, <a href=\"https:\/\/www.youm7.com\/story\/2018\/11\/24\/%D9%88%D8%B2%D8%A7%D8%B1%D8%A9-%D8%A7%D9%84%D8%B2%D8%B1%D8%A7%D8%B9%D8%A9-%D8%AA%D9%86%D9%81%D9%89-%D8%A7%D8%AA%D8%AE%D8%A7%D8%B0-%D8%A5%D8%AC%D8%B1%D8%A7%D8%A1%D8%A7%D8%AA-%D9%84%D8%AA%D8%B5%D8%AF%D9%8A%D8%B1-%D8%A7%D9%84%D9%83%D9%84%D8%A7%D8%A8-%D9%88%D8%A7%D9%84%D9%82%D8%B7%D8%B7\/4043787\">according to Youm7<\/a>.<\/p>\n<p><strong>The latest (unconfirmed) reports suggest that \u2018independent exporters\u2019 are indeed exporting the animals<\/strong>, with the debate now being over whether they\u2019re being sold as pets or for food. Please don\u2019t get us started on whether there\u2019s a country out there interested in importing stray animals from us, let alone whether this is a good idea. That way lies madness.<\/p>\n<p><strong>The alleged export of the animals will have a negative impact on Egypt\u2019s image abroad<\/strong> and ultimately pinch the nation\u2019s tourism inflows, Rep. Mona Mounir said. According to Mounir, the government has already begun receiving messages from foreigners seeking to take legal action to end the practice, which she said is unconstitutional. Animal rights activist Mona Khalil, meanwhile, slammed the discrepancy in reports on whether or not the Agriculture Ministry is spearheading the exports (<a href=\"https:\/\/www.youtube.com\/watch?v=49NEYb4ZQAI\">watch, runtime: 17:24<\/a>).<\/p>\n<p>Masaa DMC\u2019s Eman El Hosary took the time to <strong>encourage better treatment of stray and domesticated animals<\/strong> (<a href=\"https:\/\/www.youtube.com\/watch?v=7vV4tRhDNk0\">watch, runtime: 7:48<\/a>).<\/p>\n<p><strong>Education Minister Tarek Shawki discussed the launch of a new EGP 200 mn education fund<\/strong> (we have the details in Health + Education, below) on Hona Al Asema, where he noted that the CBE and Religious Endowments Ministry have each pledged EGP 100 mn per annum for the fund. The fund was included in the Madbouly Cabinet\u2019s policy program, which Prime Minister Moustafa Madbouly presented to the House of Representatives, Shawki said (<a href=\"https:\/\/www.youtube.com\/watch?v=09WIff3JAHg\">watch, runtime: 7:06<\/a> and <a href=\"https:\/\/www.youtube.com\/watch?v=vughmxjPKeM\">runtime: 4:06<\/a>). Former Financial Regulatory Authority Sherif Samy and journalist Ahmed Al Gamal also phoned in to list the various benefits of the fund (<a href=\"https:\/\/www.youtube.com\/watch?v=BWTTj_S4cfk&t=234s\">watch, runtime: 56:30<\/a>).<\/p>\n<p><strong>The one-year anniversary of the El Rawda Mosque attack<\/strong> was on Amr Adib\u2019s mind last night. The El Hekaya host tipped his hat to officials who are currently overseeing the development of the town after the incident (<a href=\"https:\/\/www.youtube.com\/watch?v=f-gc4owWpvU\">watch, runtime: 10:26<\/a>).<\/p>\n<p><strong>Speculation that Turkey has bugged several countries\u2019 embassies in Ankara<\/strong> in the wake of the Khashoggi murder also had Adib concerned that Egypt\u2019s embassy is under Turkish surveillance (<a href=\"https:\/\/www.youtube.com\/watch?v=ZxsId3Sc0-0\">watch, runtime: 3:25<\/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\/agriculture-ministry\/\">Agriculture Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/jamal-khashoggi\/\">Jamal Khashoggi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tarek-shawki\/\">Tarek Shawki<\/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=\"621998\" 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=\"621998\">\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\/25\/egypt-banks-will-see-their-taxes-rise-as-a-result-of-separately-accounting-for-income-from-holdings-of-state-debt\/\">\r\n                            Egypt banks will see their taxes rise as a result of separately accounting for income from holdings of state debt                        <\/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\/25\/egypt-banks-will-see-their-taxes-rise-as-a-result-of-separately-accounting-for-income-from-holdings-of-state-debt\/\" 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\/25\/egypt-banks-will-see-their-taxes-rise-as-a-result-of-separately-accounting-for-income-from-holdings-of-state-debt\/')\">\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\/25\/egypt-banks-will-see-their-taxes-rise-as-a-result-of-separately-accounting-for-income-from-holdings-of-state-debt\/\">\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 banks will see their taxes rise as a result of separately accounting for income from holdings of state debt&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/25\/egypt-banks-will-see-their-taxes-rise-as-a-result-of-separately-accounting-for-income-from-holdings-of-state-debt\/\">\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\/25\/egypt-banks-will-see-their-taxes-rise-as-a-result-of-separately-accounting-for-income-from-holdings-of-state-debt\/&title=Egypt banks will see their taxes rise as a result of separately accounting for income from holdings of state debt\">\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+banks+will+see+their+taxes+rise+as+a+result+of+separately+accounting+for+income+from+holdings+of+state+debt+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F25%2Fegypt-banks-will-see-their-taxes-rise-as-a-result-of-separately-accounting-for-income-from-holdings-of-state-debt%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\/25\/egypt-banks-will-see-their-taxes-rise-as-a-result-of-separately-accounting-for-income-from-holdings-of-state-debt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-621998\" class=\"content-area-description single-story post-621998 post type-post status-publish format-standard hentry category-speed-round tag-banking tag-enterpriseam tag-finance-ministry tag-income-tax tag-speed-round tag-treasuries 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>Banks will pay significantly more taxes under gov\u2019t proposal that they account separately for their investments in state debt: <\/strong>The state treasury expects to net as much as EGP 10 bn in additional taxes from a proposed change to how banks account for their income from government debt, <a href=\"https:\/\/alborsaanews.com\/2018\/11\/22\/1154133\">unnamed sources in the Finance Ministry<\/a> told the domestic press over the weekend. The news comes after the Madbouly cabinet signed off <a href=\"https:\/\/enterprise.press\/stories\/2018\/11\/22\/govt-to-force-banks-to-separately-account-for-income-from-holdings-of-state-debt\/\">last week<\/a> on proposed amendments to the Income Tax Act that would force banks and financial institutions to separately account on their income statements for returns from their investments in government.<\/p>\n<p><strong>What\u2019s at stake? A double-digit increase in the effective tax rate for some institutions. <\/strong>Shuaa Securities Egypt <a href=\"https:\/\/ent.news\/2018\/11\/1827.pdf\">ran the numbers on a hypothetical bank (pdf)<\/a> with income of EGP 33 bn, split as EGP 14.5 bn from investments in treasuries and EGP 18.5 bn from all other activities. If the change is implemented,<strong> the bank would have an effective tax rate of nearly 37% against 24% <\/strong>under the system now in effect.<\/p>\n<p><strong>How does this work? <\/strong>In brief: \u201cThe proposed new tax method will require accounting for income from Treasuries as part of taxable income, which would result in banks having to reallocate costs to match revenues. The process of reallocation will cause banks\u2019 other operating costs to shrink (theoretically), further amplifying banks\u2019 income from operations (other than Treasuries) and resulting in a higher effective tax rate for banks.\u201d<\/p>\n<p><strong>Is there still room to talk, or is it done? <\/strong>In a <a href=\"https:\/\/ent.news\/2018\/11\/2116.pdf\">research note out overnight (pdf)<\/a>, CI Capital reports that after talks with key bank officials, \u201cwe understand that discussions are still ongoing between the MoF and the Federation of Egyptian Banks regarding the mechanism of applying the amendments.\u201d CI Capital says \u201cmarket chatter\u201d suggests it is unlikely the change in accounting standards would be applied retroactively, meaning \u201cthis would not affect current profitability, and make the implementation more feasible, in our view.\u201d<\/p>\n<p><strong>The Federation of Egyptian Banks has made a counter proposal<\/strong>, it said in a <a href=\"https:\/\/almalnews.com\/Story\/399732\/12\/%D8%A7%D9%86%D9%81%D8%B1%D8%A7%D8%AF---%D9%86%D8%B5-%D9%85%D9%82%D8%AA%D8%B1%D8%AD-%D9%88%D8%B2%D8%A7%D8%B1%D8%A9-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D9%84%D8%AA%D8%B9%D8%AF%D9%8A%D9%84-%D8%AD%D8%B3%D8%A7%D8%A8-%D8%B6%D8%B1%D9%8A%D8%A8%D8%A9-%D8%A3%D8%B0%D9%88%D9%86-%D9%88%D8%B3%D9%86%D8%AF%D8%A7%D8%AA-%D8%A7%D9%84%D8%AE%D8%B2%D8%A7%D9%86%D8%A9----%D9%88%D8%B1%D8%AF-%D8%A7%D8%AA%D8%AD%D8%A7%D8%AF-%D8%A7%D9%84%D8%A8%D9%86%D9%88%D9%83\">statement picked up by Al Mal<\/a>. According to CI Capital, bankers are suggesting breaking down costs on the income statement in a way that could \u201crender a lower impact, particularly for the more efficient [banks], in terms of an additional tax burden, as opposed to the MoF\u2019s initial proposal, where banks\u2019 total expense-to-income ratios are to be used to calculate treasury costs.\u201d<\/p>\n<p><strong>Maait says this is not a tax increase:<\/strong> Finance Minister <a href=\"https:\/\/alborsaanews.com\/2018\/11\/22\/1154322\">Mohamed Maait insists<\/a> the move is not a tax hike, but rather is fairer (to society and the wider economy, if we\u2019re reading this right) way to go. Semantics aside, Maait added that the amendments were proposed after consultation with banks and the CBE.<\/p>\n<p><strong>Market reaction: <\/strong>Six-month and one-year treasury bill auctions saw low turnout and high yields on Thursday, <a href=\"http:\/\/www.cbe.org.eg\/en\/Auctions\/Pages\/AuctionsEGPTBills.aspx\">CBE data showed<\/a>, signaling a loss of appetite among banks and financial institutions after the cabinet decision. The CBE was looking to raise EGP 9.5 bn at the auction, but accepted bids for just EGP 1.3 bn in one-year T-bills at an average yield of 19.920%, up from 19.778% at the <a href=\"http:\/\/www.cbe.org.eg\/en\/Auctions\/Pages\/AuctionsEGPTBillsHistorical.aspx\">last similar auction<\/a>. The central bank also accepted bids of for c. EGP 757 mn worth of six-month T-bills at an average yield of 19.893%, up from 19.676% at the last similar auction.<\/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\/finance-ministry\/\">Finance Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/income-tax\/\">income tax<\/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\/treasuries\/\">treasuries<\/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=\"622009\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"622010\" 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=\"622010\">\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\/25\/what-were-tracking-this-week-and-beyond-59\/\">\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\/25\/what-were-tracking-this-week-and-beyond-59\/\" 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\/25\/what-were-tracking-this-week-and-beyond-59\/')\">\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\/25\/what-were-tracking-this-week-and-beyond-59\/\">\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\/25\/what-were-tracking-this-week-and-beyond-59\/\">\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\/25\/what-were-tracking-this-week-and-beyond-59\/&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%2F25%2Fwhat-were-tracking-this-week-and-beyond-59%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\/25\/what-were-tracking-this-week-and-beyond-59\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622010\" class=\"content-area-description single-story post-622010 post type-post status-publish format-standard hentry category-up-next tag-beltone-financial tag-consumer-finance tag-enterpriseam tag-ethiopia tag-financial-regulatory-authority tag-gerd tag-legislation tag-real-estate tag-startups tag-state-privatization-program tag-up-next wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>FRA to look into Beltone\u2019s appeal tomorrow: <\/strong>The Financial Regulatory Authority (FRA) will hold tomorrow a hearing to look into an appeal by Beltone Financial against the FRA\u2019s <a href=\"https:\/\/enterprise.press\/stories\/2018\/11\/04\/fra-suspends-beltones-investment-banking-arm-for-six-months-2\/\">six-month suspension<\/a> of its investment banking arm, sources said, <a href=\"https:\/\/almalnews.com\/Story\/399493\/11\/%D8%B9%D8%A7%D8%AC%D9%84----%D8%AA%D8%A3%D8%AC%D9%8A%D9%84-%D9%86%D8%B8%D8%B1-%D8%AA%D8%B8%D9%84%D9%85-%D8%A7%D9%8A%D9%82%D8%A7%D9%81-%D8%A8%D9%84%D8%AA%D9%88%D9%86-%D9%84%D8%AC%D9%84%D8%B3%D8%A9-%D8%A7%D9%84%D8%A3%D8%AB%D9%86%D9%8A%D9%86-%D8%A7%D9%84%D9%85%D9%82%D8%A8%D9%84\">according to Al Mal<\/a>. The hearing was postponed from last week the request of Beltone\u2019s legal advisors, who wish to further review the documents. Beltone filed the appeal <a href=\"https:\/\/enterprise.press\/stories\/2018\/11\/05\/egypts-fra-says-suspended-beltones-investment-banking-arm-due-to-irregularities-in-sarwa-ipo\/\">earlier this month<\/a>, and has also taken to an administrative court a request to stay proceedings until the case is resolved. The court <a href=\"https:\/\/enterprise.press\/stories\/2018\/11\/18\/court-rejects-beltones-request-to-stay-fra-imposed-suspension-on-investment-banking-arm-next-hearing-1-december\/\">rejected the latter request<\/a>, and had instead scheduled an \u2018urgent hearing\u2019 on Saturday, 1 December in which the parties will each present documents pertaining to the suspension.<\/p>\n<p><strong>House discussion of zero tariffs on EU car imports:<\/strong> The House Industry Committee will discuss this week Egypt\u2019s agreement with the EU to cut to 0% import duties on EU-assembled cars as of 1 January, 2019, Rep. Farag Amer <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1344901\">tells Al Masry Al Youm<\/a>.<\/p>\n<p>Also in the pipeline:<\/p>\n<ul>\n<li>Amendments to the <strong>Real Estate Registry Act<\/strong> will be introduced in the House this week;<\/li>\n<li>Egypt and Ethiopia will start talks within two weeks on \u201cunresolved\u201d issues stemming from the <strong>Grand Ethiopian Renaissance Dam<\/strong> (GERD);<\/li>\n<li>The government is due to announce \u201csoon\u201d the date of its first auction of up to 10 mn sqm of <strong>\u2018unused\u2019 state land<\/strong>;<\/li>\n<li>Cabinet is set to \u201csoon\u201d unveil a comprehensive <strong>development and infrastructure strategy for Sinai<\/strong>.<\/li>\n<li><strong>Consumer finance event: <\/strong>The French Chamber of Commerce and Industry is hosting a <a href=\"https:\/\/enterprise.press\/wp-content\/uploads\/2018\/11\/CCIFE-SEMINAR-ON-CONSUMER-FINANCE.pdf\">panel discussion on consumer finance<\/a> on Monday, 3 December from 6-8pm at the Fairmont Hotel Nile City<\/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\/beltone-financial\/\">Beltone Financial<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/consumer-finance\/\">consumer finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ethiopia\/\">Ethiopia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-regulatory-authority\/\">Financial Regulatory Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gerd\/\">GERD<\/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\/real-estate\/\">real estate<\/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\/state-privatization-program\/\">state privatization program<\/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=\"622011\" 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=\"622011\">\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\">ON THE FRONT PAGES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/25\/egypts-three-state-newspapers-run-with-econ-focused-stories-on-their-front-pages\/\">\r\n                            Egypt\u2019s three state newspapers run with econ-focused stories on their front pages                        <\/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\/25\/egypts-three-state-newspapers-run-with-econ-focused-stories-on-their-front-pages\/\" 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\/25\/egypts-three-state-newspapers-run-with-econ-focused-stories-on-their-front-pages\/')\">\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\/25\/egypts-three-state-newspapers-run-with-econ-focused-stories-on-their-front-pages\/\">\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              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-->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt%E2%80%99s+three+state+newspapers+run+with+econ-focused+stories+on+their+front+pages+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F25%2Fegypts-three-state-newspapers-run-with-econ-focused-stories-on-their-front-pages%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\/25\/egypts-three-state-newspapers-run-with-econ-focused-stories-on-their-front-pages\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622011\" class=\"content-area-description single-story post-622011 post type-post status-publish format-standard hentry category-on-the-front-pages tag-enterpriseam tag-new-administrative-capital tag-on-the-front-pages tag-policy tag-population-growth tag-subsidies tag-supply-ministry 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>The front pages of the country\u2019s three state-run newspapers this morning feature stories relating to Egypt\u2019s reform program<\/strong> and improving economic conditions. <a href=\"http:\/\/www.algomhuria.net.eg\/algomhuria\/today\/fpage\/\">Al Gomhuria\u2019s lead story<\/a> is Prime Minister Moustafa Madbouly\u2019s speech yesterday reassuring foreign business figures and diplomats that the economy has weathered the storm, while Al Ahram hits on the <a href=\"http:\/\/www.ahram.org.eg\/News\/202842\/25\/682679\/%D8%A7%D9%84%D8%A3%D9%88%D9%84%D9%89\/%D8%A7%D9%84%D9%85%D8%B5%D9%8A%D9%84%D8%AD%D9%89-%D8%A7%D9%84%D8%AF%D8%B9%D9%85-%D8%A7%D9%84%D8%AA%D9%85%D9%88%D9%8A%D9%86%D9%89-%D9%85%D8%B3%D8%AA%D9%85%D8%B1-%D9%88%D8%AF%D8%B1%D8%A7%D8%B3%D8%A9-%D8%A5%D8%B9%D8%A7%D8%AF%D8%A9-%D8%AA%D9%88%D8%B2%D9%8A%D8%B9%D9%87-.aspx\">Supply Ministry\u2019s attempted reform<\/a> of the subsidy system and the <a href=\"http:\/\/www.ahram.org.eg\/News\/202842\/25\/682765\/%D8%A7%D9%84%D8%A3%D9%88%D9%84%D9%89\/%D9%85%D8%B9%D9%8A%D8%B7-%D8%A7%D9%84%D9%85%D9%88%D8%A7%D8%B2%D9%86%D8%A9-%D8%A7%D9%84%D8%B9%D8%A7%D9%85%D8%A9-%D9%84%D8%A7-%D8%AA%D9%85%D9%88%D9%84-%D8%A5%D9%86%D8%B4%D8%A7%D8%A1-%D8%A7%D9%84%D8%B9%D8%A7%D8%B5%D9%85%D8%A9-%D8%A7%D9%84%D8%A5%D8%AF%D8%A7%D8%B1%D9%8A.aspx\">financing of the new administrative capital<\/a>. Al Akhbar is running with a <a href=\"https:\/\/akhbarelyom.com\/news\/newdetails\/2760478\/1\/%D8%A7%D9%84%D8%B2%D9%8A%D8%A7%D8%AF%D8%A9-%D8%A7%D9%84%D8%B3%D9%83%D8%A7%D9%86%D9%8A%D8%A9-%D8%A5%D8%B1%D9%87%D8%A7%D8%A8-%D9%8A%D9%87%D8%AF%D8%AF-%D9%85%D8%B5%D8%B1\">feature on the challenge population growth poses<\/a> to Egypt\u2019s economic recovery.<\/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\/new-administrative-capital\/\">new administrative capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/on-the-front-pages\/\">On The Front Pages<\/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\/population-growth\/\">population growth<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/subsidies\/\">subsidies<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/supply-ministry\/\">Supply 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=\"622012\" 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=\"622012\">\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\/25\/egypt-uncovers-pharaonic-tomb-in-luxor\/\">\r\n                            Egypt uncovers pharaonic tomb in Luxor                        <\/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\/25\/egypt-uncovers-pharaonic-tomb-in-luxor\/\" 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\/25\/egypt-uncovers-pharaonic-tomb-in-luxor\/')\">\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\/25\/egypt-uncovers-pharaonic-tomb-in-luxor\/\">\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 uncovers pharaonic tomb in Luxor&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/25\/egypt-uncovers-pharaonic-tomb-in-luxor\/\">\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\/25\/egypt-uncovers-pharaonic-tomb-in-luxor\/&title=Egypt uncovers pharaonic tomb in Luxor\">\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+uncovers+pharaonic+tomb+in+Luxor+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F25%2Fegypt-uncovers-pharaonic-tomb-in-luxor%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\/25\/egypt-uncovers-pharaonic-tomb-in-luxor\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2018\/11\/476.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"622013\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/25\/egypt-uncovers-pharaonic-tomb-in-luxor\/476-jpg-17\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/11\/476.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"476.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/11\/476.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/11\/476.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622012\" class=\"content-area-description single-story post-622012 post type-post status-publish format-standard has-post-thumbnail hentry category-egypt-in-the-news tag-ancient-egypt tag-archaeology 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>Topping coverage of Egypt in the foreign press this morning is the discovery of a 3,000-year-old tomb in Luxor. <\/strong>\u00a0Egyptian and French archaeologists unearthed a pharaonic tomb in the Theban necropolis of Al-Assasif housing mummies of a priest and his wife dating back to the 13th century, Antiquities Minister Khaled El Enany announced yesterday at an unveiling ceremony. The tomb contained five colored masks, some 1,000 ushabti statutes, as well as mummies, skeletons and skulls dating back to the middle-kingdom period. <a href=\"https:\/\/af.reuters.com\/article\/commoditiesNews\/idAFL8N1XZ0GL\">Reuters<\/a>, <a href=\"https:\/\/www.apnews.com\/ba946f640ee34b9aa1bfc7bd3b7d482c\">AP<\/a>, <a href=\"https:\/\/www.dw.com\/en\/egypt-unveils-3000-year-old-tomb-and-sarcophagi-in-luxor\/a-46441738\">DW<\/a> and <a href=\"https:\/\/www.france24.com\/en\/20181124-egypt-unveils-ancient-tomb-sarcophagi-luxor\">AFP<\/a> followed the story.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ancient-egypt\/\">Ancient Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/archaeology\/\">archaeology<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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=\"622014\" 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=\"622014\">\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 watching<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/25\/are-we-about-to-witness-a-slowdown-in-us-fed-rate-hikes\/\">\r\n                            Are we about to witness a slowdown in US Fed rate hikes?                        <\/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\/25\/are-we-about-to-witness-a-slowdown-in-us-fed-rate-hikes\/\" 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\/25\/are-we-about-to-witness-a-slowdown-in-us-fed-rate-hikes\/')\">\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\/25\/are-we-about-to-witness-a-slowdown-in-us-fed-rate-hikes\/\">\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=Are we about to witness a slowdown in US Fed rate hikes?&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/25\/are-we-about-to-witness-a-slowdown-in-us-fed-rate-hikes\/\">\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\/25\/are-we-about-to-witness-a-slowdown-in-us-fed-rate-hikes\/&title=Are we about to witness a slowdown in US Fed rate hikes?\">\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=Are+we+about+to+witness+a+slowdown+in+US+Fed+rate+hikes%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F25%2Fare-we-about-to-witness-a-slowdown-in-us-fed-rate-hikes%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\/25\/are-we-about-to-witness-a-slowdown-in-us-fed-rate-hikes\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2018\/11\/842.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"622015\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/25\/are-we-about-to-witness-a-slowdown-in-us-fed-rate-hikes\/842-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/11\/842.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"842.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/11\/842.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/11\/842.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622014\" class=\"content-area-description single-story post-622014 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-watching tag-emerging-markets tag-enterpriseam tag-global-economy tag-interest-rates tag-monetary-policy tag-worth-watching wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Are we about to witness a slowdown in US Fed rate hikes? <\/strong>The Federal Reserve\u2019s top two officials said slower global growth is posing risks to the US economy, according to Bloomberg, prompting traders to expect fewer rate hikes in 2019. Many still believe a hike will take place in December, but expect the Fed to give global markets a breather or two in the coming year (<a href=\"https:\/\/www.bloomberg.com\/news\/videos\/2018-11-23\/fed-may-pause-reviving-global-markets-video\">watch, runtime: 1:13<\/a>). Rising US rates throughout 2018 took their toll on not only emerging markets, but the entire global economy. A slower pace of rate hikes may just be what is needed to revive global markets.<\/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\/emerging-markets\/\">emerging markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/global-economy\/\">global economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/interest-rates\/\">interest rates<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/monetary-policy\/\">monetary policy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/worth-watching\/\">worth watching<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"622016\" 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=\"622016\">\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\/25\/egypt-china-to-boost-military-cooperation-joint-exercises-visits-and-exchanges\/\">\r\n                            Egypt, China to boost military cooperation, joint exercises, visits, and exchanges                        <\/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\/25\/egypt-china-to-boost-military-cooperation-joint-exercises-visits-and-exchanges\/\" 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\/25\/egypt-china-to-boost-military-cooperation-joint-exercises-visits-and-exchanges\/')\">\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\/25\/egypt-china-to-boost-military-cooperation-joint-exercises-visits-and-exchanges\/\">\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, China to boost military cooperation, joint exercises, visits, and exchanges&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/25\/egypt-china-to-boost-military-cooperation-joint-exercises-visits-and-exchanges\/\">\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\/25\/egypt-china-to-boost-military-cooperation-joint-exercises-visits-and-exchanges\/&title=Egypt, China to boost military cooperation, joint exercises, visits, and exchanges\">\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%2C+China+to+boost+military+cooperation%2C+joint+exercises%2C+visits%2C+and+exchanges+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F25%2Fegypt-china-to-boost-military-cooperation-joint-exercises-visits-and-exchanges%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\/25\/egypt-china-to-boost-military-cooperation-joint-exercises-visits-and-exchanges\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622016\" class=\"content-area-description single-story post-622016 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-china tag-diplomacy tag-diplomacy-foreign-trade tag-enterpriseam tag-national-security 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-07\"><\/a> <strong>Egypt and China agree to step up military cooperation:<\/strong> Armed Forces Chief of Staff Mohamed Farid and China\u2019s State Councilor and Defense Minister Wei Fenghe agreed during a meeting in Beijing on Thursday to hold more frequent joint training, drills, and security visits between Egypt and China, <a href=\"http:\/\/www.xinhuanet.com\/english\/2018-11\/23\/c_137625085.htm\">Xinhua said on Thursday<\/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\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy-foreign-trade\/\">Diplomacy + Foreign Trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/national-security\/\">national security<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"622018\" 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=\"622018\">\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\/25\/us-firms-interested-in-egypts-offshore-oil-gas-exploration-tenders\/\">\r\n                            US firms interested in Egypt\u2019s offshore oil, gas exploration tenders                        <\/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\/25\/us-firms-interested-in-egypts-offshore-oil-gas-exploration-tenders\/\" 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\/25\/us-firms-interested-in-egypts-offshore-oil-gas-exploration-tenders\/')\">\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\/25\/us-firms-interested-in-egypts-offshore-oil-gas-exploration-tenders\/\">\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 firms interested in Egypt\u2019s offshore oil, gas exploration tenders&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/25\/us-firms-interested-in-egypts-offshore-oil-gas-exploration-tenders\/\">\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\/25\/us-firms-interested-in-egypts-offshore-oil-gas-exploration-tenders\/&title=US firms interested in Egypt\u2019s offshore oil, gas exploration tenders\">\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+firms+interested+in+Egypt%E2%80%99s+offshore+oil%2C+gas+exploration+tenders+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F25%2Fus-firms-interested-in-egypts-offshore-oil-gas-exploration-tenders%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\/25\/us-firms-interested-in-egypts-offshore-oil-gas-exploration-tenders\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622018\" class=\"content-area-description single-story post-622018 post type-post status-publish format-standard hentry category-energy tag-energy tag-enterpriseam tag-investment-watch tag-mediterranean tag-red-sea 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\/.ca5641c9-45d7-4f2c-b557-6dc83e2c7f91.mp3\"><\/audio><\/figure>\n<p>Several US oil companies have expressed their interested in developing Egypt\u2019s offshore oil and natural gas resources and are expected to bid in the sale of exploration blocks in the Red Sea, Oil Minister Tarek El Molla said yesterday, without naming specific companies, <a href=\"https:\/\/www.reuters.com\/article\/us-egypt-energy\/egypt-says-u-s-oil-firms-showing-appetite-for-offshore-projects-idUSKCN1NT0KY\">according to Reuters<\/a>. An exploration and production tender for oil and gas in offshore concession blocks in the Mediterranean is due to close on 29 November, while a second bidding round for concession areas in the Red Sea is scheduled to open before the end of 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\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mediterranean\/\">Mediterranean<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/red-sea\/\">Red Sea<\/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=\"622019\" 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=\"622019\">\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\/25\/ida-delays-industrial-land-tenders-until-2019-following-clash-with-nuca\/\">\r\n                            IDA delays industrial land tenders until 2019 following clash with NUCA                        <\/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\/25\/ida-delays-industrial-land-tenders-until-2019-following-clash-with-nuca\/\" 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\/25\/ida-delays-industrial-land-tenders-until-2019-following-clash-with-nuca\/')\">\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\/25\/ida-delays-industrial-land-tenders-until-2019-following-clash-with-nuca\/\">\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=IDA delays industrial land tenders until 2019 following clash with NUCA&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/25\/ida-delays-industrial-land-tenders-until-2019-following-clash-with-nuca\/\">\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\/25\/ida-delays-industrial-land-tenders-until-2019-following-clash-with-nuca\/&title=IDA delays industrial land tenders until 2019 following clash with NUCA\">\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=IDA+delays+industrial+land+tenders+until+2019+following+clash+with+NUCA+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F25%2Fida-delays-industrial-land-tenders-until-2019-following-clash-with-nuca%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\/25\/ida-delays-industrial-land-tenders-until-2019-following-clash-with-nuca\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622019\" class=\"content-area-description single-story post-622019 post type-post status-publish format-standard hentry category-infrastructure tag-enterpriseam tag-industrial-development-authority tag-infrastructure tag-new-urban-communities-authority wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.5dc07c94-09c0-4a6f-927d-257e37d058e6.mp3\"><\/audio><\/figure>\n<p>The Industrial Development Authority (IDA) has postponed its tender of 11 mn meters of industrial land to investors to 2019 due to conflicts with the New Urban Communities Authority over the jurisdiction of the land, an unnamed source <a href=\"https:\/\/www.youm7.com\/story\/2018\/11\/24\/%D8%AE%D9%84%D8%A7%D9%81%D8%A7%D8%AA-%D8%A7%D9%84%D8%AA%D9%86%D9%85%D9%8A%D8%A9-%D8%A7%D9%84%D8%B5%D9%86%D8%A7%D8%B9%D9%8A%D8%A9-%D9%88%D8%A7%D9%84%D9%85%D8%AC%D8%AA%D9%85%D8%B9%D8%A7%D8%AA-%D8%A7%D9%84%D8%B9%D9%85%D8%B1%D8%A7%D9%86%D9%8A%D8%A9-%D8%AA%D8%A4%D8%AC%D9%84-%D8%B7%D8%B1%D8%AD-10-%D9%85%D9%84%D8%A7%D9%8A%D9%8A%D9%86-%D9%85%D8%AA%D8%B1\/4042456\">told Youm7<\/a>. The IDA had planned to tender 11 mn meters in each of 2018 and 2019, but now expects to offer 21 mn meters next year.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/industrial-development-authority\/\">Industrial Development Authority<\/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\/new-urban-communities-authority\/\">New Urban Communities Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"622020\" 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=\"622020\">\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\/25\/egypts-gasc-buys-240k-tonnes-of-us-russian-romanian-wheat-in-intl-tender\/\">\r\n                            Egypt\u2019s GASC buys 240k tonnes of US, Russian, Romanian wheat in int\u2019l tender                        <\/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\/25\/egypts-gasc-buys-240k-tonnes-of-us-russian-romanian-wheat-in-intl-tender\/\" 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\/25\/egypts-gasc-buys-240k-tonnes-of-us-russian-romanian-wheat-in-intl-tender\/')\">\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\/25\/egypts-gasc-buys-240k-tonnes-of-us-russian-romanian-wheat-in-intl-tender\/\">\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\u2019s GASC buys 240k tonnes of US, Russian, Romanian wheat in int\u2019l tender&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/25\/egypts-gasc-buys-240k-tonnes-of-us-russian-romanian-wheat-in-intl-tender\/\">\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\/25\/egypts-gasc-buys-240k-tonnes-of-us-russian-romanian-wheat-in-intl-tender\/&title=Egypt\u2019s GASC buys 240k tonnes of US, Russian, Romanian wheat in int\u2019l tender\">\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%E2%80%99s+GASC+buys+240k+tonnes+of+US%2C+Russian%2C+Romanian+wheat+in+int%E2%80%99l+tender+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F25%2Fegypts-gasc-buys-240k-tonnes-of-us-russian-romanian-wheat-in-intl-tender%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\/25\/egypts-gasc-buys-240k-tonnes-of-us-russian-romanian-wheat-in-intl-tender\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622020\" class=\"content-area-description single-story post-622020 post type-post status-publish format-standard hentry category-basic-materials-commodities tag-basic-materials-commodities tag-commodities tag-enterpriseam tag-gasc tag-general-authority-for-supply-commodities tag-wheat 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\/.e29acb69-4ec4-43c0-952d-ecfd23da005b.mp3\"><\/audio><\/figure>\n<p>The General Authority for Supply Commodities (GASC) purchased 240k tonnes of wheat in an international tender on Thursday for delivery between 10-20 January, <a href=\"https:\/\/af.reuters.com\/article\/commoditiesNews\/idAFL8N1XX55R\">according to Reuters<\/a>. The <a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL8N1XX3GC\">lowest offer<\/a> came from US-based Cargill, at USD 221 per tonne FOB. GASC purchased 120k tonnes from US suppliers and 60k tonnes each from Russian and Romanian suppliers. Separately, the authority has yet to decide on a winning bid in Egypt\u2019s first international rice tender, <a href=\"https:\/\/enterprise.press\/stories\/2018\/11\/14\/gasc-to-decide-on-20-november-the-winning-company-for-egypts-first-intl-rice-tender\/\">despite a 20 November due date<\/a>, <a href=\"https:\/\/in.reuters.com\/article\/grains-egypt-rice\/indian-rice-samples-fail-test-for-egypts-import-tender-sources-idINKCN1NR1O5?il=0\">according to Reuters India<\/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\/basic-materials-commodities\/\">Basic Materials + Commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/commodities\/\">commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gasc\/\">GASC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/general-authority-for-supply-commodities\/\">General Authority for Supply Commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/wheat\/\">wheat<\/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=\"622021\" 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=\"622021\">\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\">Manufacturing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/25\/govt-in-talks-with-cnrc-on-tire-manufacturing-in-egypt\/\">\r\n                            Gov\u2019t in talks with CNRC on tire manufacturing in Egypt                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/25\/govt-in-talks-with-cnrc-on-tire-manufacturing-in-egypt\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2018\/11\/25\/govt-in-talks-with-cnrc-on-tire-manufacturing-in-egypt\/')\">\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\/25\/govt-in-talks-with-cnrc-on-tire-manufacturing-in-egypt\/\">\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=Gov\u2019t in talks with CNRC on tire manufacturing in Egypt&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/25\/govt-in-talks-with-cnrc-on-tire-manufacturing-in-egypt\/\">\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\/25\/govt-in-talks-with-cnrc-on-tire-manufacturing-in-egypt\/&title=Gov\u2019t in talks with CNRC on tire manufacturing in Egypt\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Gov%E2%80%99t+in+talks+with+CNRC+on+tire+manufacturing+in+Egypt+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F25%2Fgovt-in-talks-with-cnrc-on-tire-manufacturing-in-egypt%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/25\/govt-in-talks-with-cnrc-on-tire-manufacturing-in-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622021\" class=\"content-area-description single-story post-622021 post type-post status-publish format-standard hentry category-manufacturing tag-agriculture tag-automotive tag-china tag-enterpriseam tag-hisham-tawfik tag-manufacturing tag-military-production-ministry tag-public-enterprises-ministry tag-transport 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\/.8a3215bb-839c-4ac7-a91b-9c17acbc30a8.mp3\"><\/audio><\/figure>\n<p>The military production and public enterprises ministers met on Friday with representatives from <a href=\"http:\/\/www.ccrubber.com\/xiangjiaoen\/index.htm\">China National Tire & Rubber Corporation<\/a> (CNRC) to discuss establishing a factory to locally manufacture tires, according to a <a href=\"https:\/\/ent.news\/2018\/11\/483.pdf\">Public Enterprises Ministry statement (pdf)<\/a>. The factory would manufacture tires for tractors, passenger vehicles, buses, and trucks for domestic and export markets.<\/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\/automotive\/\">automotive<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hisham-tawfik\/\">Hisham Tawfik<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/military-production-ministry\/\">Military Production Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/public-enterprises-ministry\/\">Public Enterprises Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/transport\/\">transport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"622022\" 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=\"622022\">\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\">Health + Education<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/25\/egypt-launching-egp-200-mn-education-fund\/\">\r\n                            Egypt launching EGP 200 mn education fund                        <\/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\/25\/egypt-launching-egp-200-mn-education-fund\/\" 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\/25\/egypt-launching-egp-200-mn-education-fund\/')\">\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\/25\/egypt-launching-egp-200-mn-education-fund\/\">\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 launching EGP 200 mn education fund&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/25\/egypt-launching-egp-200-mn-education-fund\/\">\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\/25\/egypt-launching-egp-200-mn-education-fund\/&title=Egypt launching EGP 200 mn education fund\">\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+launching+EGP+200+mn+education+fund+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F25%2Fegypt-launching-egp-200-mn-education-fund%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\/25\/egypt-launching-egp-200-mn-education-fund\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622022\" class=\"content-area-description single-story post-622022 post type-post status-publish format-standard hentry category-health-education tag-education tag-enterpriseam tag-hala-el-said tag-health-education 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\/.f2b4f445-a4c7-4050-92f5-1b7a23e6dee8.mp3\"><\/audio><\/figure>\n<p>The government is planning to launch a EGP 200 mn education fund that will be used to finance upgrades and development to Egypt\u2019s education system, Planning Minister Hala El Said said on Wednesday,<a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1345100\">according to AMAY<\/a>. The fund will focus on hiring new teachers, expanding the number of classrooms and making upgrades to existing facilities, she said. The government plans to raise the capital of the fund to EGP 1 bn before the end of the fiscal year in June, she noted. The move comes as Egypt rolls out a newly reformed K-12 education system this school 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\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hala-el-said\/\">Hala El Said<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/health-education\/\">Health + Education<\/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=\"622023\" 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=\"622023\">\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\">Real Estate + Housing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/25\/constec-inks-egp-430-mn-agreement-with-sodic\/\">\r\n                            CONSTEC inks EGP 430 mn agreement with SODIC                        <\/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\/25\/constec-inks-egp-430-mn-agreement-with-sodic\/\" 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\/25\/constec-inks-egp-430-mn-agreement-with-sodic\/')\">\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\/25\/constec-inks-egp-430-mn-agreement-with-sodic\/\">\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=CONSTEC inks EGP 430 mn agreement with SODIC&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/25\/constec-inks-egp-430-mn-agreement-with-sodic\/\">\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\/25\/constec-inks-egp-430-mn-agreement-with-sodic\/&title=CONSTEC inks EGP 430 mn agreement with SODIC\">\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=CONSTEC+inks+EGP+430+mn+agreement+with+SODIC+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F25%2Fconstec-inks-egp-430-mn-agreement-with-sodic%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\/25\/constec-inks-egp-430-mn-agreement-with-sodic\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622023\" class=\"content-area-description single-story post-622023 post type-post status-publish format-standard hentry category-real-estate-housing tag-construction tag-development tag-enterpriseam tag-real-estate tag-real-estate-housing tag-sodic 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\/.9dd6be4f-3cdf-4162-8f1c-1a4444e86df4.mp3\"><\/audio><\/figure>\n<p>Construction and Design (CONSTEC) was awarded contracts worth EGP 430 mn for construction works on SODIC\u2019s projects in the North Coast and New Cairo, which includes SODIC\u2019s Caesar compound in the North Coast, CONSTEC General Manager Ashraf Abdel Hakam told <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1345795\">Al Masry Al Youm<\/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\/construction\/\">construction<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/development\/\">development<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate\/\">real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate-housing\/\">Real Estate + Housing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sodic\/\">SODIC<\/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=\"622024\" 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=\"622024\">\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\">Tourism<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/25\/egypt-in-talks-with-serbia-to-increase-flights-to-hurghada\/\">\r\n                            Egypt in talks with Serbia to increase flights to Hurghada                        <\/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\/25\/egypt-in-talks-with-serbia-to-increase-flights-to-hurghada\/\" 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\/25\/egypt-in-talks-with-serbia-to-increase-flights-to-hurghada\/')\">\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\/25\/egypt-in-talks-with-serbia-to-increase-flights-to-hurghada\/\">\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 in talks with Serbia to increase flights to Hurghada&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/25\/egypt-in-talks-with-serbia-to-increase-flights-to-hurghada\/\">\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\/25\/egypt-in-talks-with-serbia-to-increase-flights-to-hurghada\/&title=Egypt in talks with Serbia to increase flights to Hurghada\">\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+in+talks+with+Serbia+to+increase+flights+to+Hurghada+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F25%2Fegypt-in-talks-with-serbia-to-increase-flights-to-hurghada%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\/25\/egypt-in-talks-with-serbia-to-increase-flights-to-hurghada\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622024\" class=\"content-area-description single-story post-622024 post type-post status-publish format-standard hentry category-tourism tag-economy tag-enterpriseam tag-hurghada tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.1a011b5e-0b71-4329-bd4c-a8ef1707bf25.mp3\"><\/audio><\/figure>\n<p>Egypt and Serbia are in talks to schedule additional flights from Belgrade to Hurghada, <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=24112018&id=908772a0-82f1-429e-966b-7493e9327438\">Al Shorouk reports<\/a>. Red Sea Governor Ahmed Abdallah and representatives from local tourism companies are set to visit Serbia soon to promote tourism and launch new charter flights between Belgrade, Hurghada and Marsa Alam.<\/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\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hurghada\/\">Hurghada<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"622025\" 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=\"622025\">\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\">Telecoms + ICT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/25\/vodafone-egypt-to-invest-egp-4-5-bn-in-fiber-optics-infrastructure-by-march-2019\/\">\r\n                            Vodafone Egypt to invest EGP 4.5 bn in fiber optics infrastructure by March 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\/25\/vodafone-egypt-to-invest-egp-4-5-bn-in-fiber-optics-infrastructure-by-march-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\/25\/vodafone-egypt-to-invest-egp-4-5-bn-in-fiber-optics-infrastructure-by-march-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\/25\/vodafone-egypt-to-invest-egp-4-5-bn-in-fiber-optics-infrastructure-by-march-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=Vodafone Egypt to invest EGP 4.5 bn in fiber optics infrastructure by March 2019&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/25\/vodafone-egypt-to-invest-egp-4-5-bn-in-fiber-optics-infrastructure-by-march-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\/25\/vodafone-egypt-to-invest-egp-4-5-bn-in-fiber-optics-infrastructure-by-march-2019\/&title=Vodafone Egypt to invest EGP 4.5 bn in fiber optics infrastructure by March 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=Vodafone+Egypt+to+invest+EGP+4.5+bn+in+fiber+optics+infrastructure+by+March+2019+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F25%2Fvodafone-egypt-to-invest-egp-4-5-bn-in-fiber-optics-infrastructure-by-march-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\/25\/vodafone-egypt-to-invest-egp-4-5-bn-in-fiber-optics-infrastructure-by-march-2019\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622025\" class=\"content-area-description single-story post-622025 post type-post status-publish format-standard hentry category-telecoms-ict tag-cit tag-enterpriseam tag-investment-watch tag-telecoms-ict tag-vodafone-egypt 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\/.9b85c437-a489-4892-90a7-c583186a27c1.mp3\"><\/audio><\/figure>\n<p>Vodafone Egypt is planning to invest EGP 4.5 bn in fiber optics infrastructure by March 2019, Vodafone Egypt CEO Alexander Froman said, <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1345798\">according to Al Masry Al Youm<\/a>. We had noted in December that the company is planning to <a href=\"https:\/\/enterprise.press\/stories\/2017\/12\/04\/vodafone-looking-for-more-frequencies-next-year-as-it-plans-to-up-investments-10\/\">increase its investments<\/a> by 10% over the following three years to meet rising demand in the market and to spend on building up infrastructure.<\/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\/cit\/\">CIT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/telecoms-ict\/\">Telecoms + ICT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/vodafone-egypt\/\">Vodafone Egypt<\/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=\"622026\" 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=\"622026\">\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\">Automotive + Transportation<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/25\/parliament-not-happy-about-loans-for-rail-project-demands-investment-instead\/\">\r\n                            Parliament not happy about loans for rail project, demands investment instead                        <\/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\/25\/parliament-not-happy-about-loans-for-rail-project-demands-investment-instead\/\" 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\/25\/parliament-not-happy-about-loans-for-rail-project-demands-investment-instead\/')\">\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\/25\/parliament-not-happy-about-loans-for-rail-project-demands-investment-instead\/\">\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=Parliament not happy about loans for rail project, demands investment instead&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/25\/parliament-not-happy-about-loans-for-rail-project-demands-investment-instead\/\">\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\/25\/parliament-not-happy-about-loans-for-rail-project-demands-investment-instead\/&title=Parliament not happy about loans for rail project, demands investment instead\">\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=Parliament+not+happy+about+loans+for+rail+project%2C+demands+investment+instead+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F25%2Fparliament-not-happy-about-loans-for-rail-project-demands-investment-instead%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\/25\/parliament-not-happy-about-loans-for-rail-project-demands-investment-instead\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622026\" class=\"content-area-description single-story post-622026 post type-post status-publish format-standard hentry category-automotive-transportation tag-automotive-transportation tag-enterpriseam tag-house-of-representatives tag-transport 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\/.90cafb20-ea64-4469-90bf-fcc710849958.mp3\"><\/audio><\/figure>\n<p>House Economic Committee member Amr El Gohary is not happy at the prospect of taking on more loans to finance the Alamein-Ain Sokhna high-speed electric rail project, the construction of which he tells <a href=\"https:\/\/almalnews.com\/Story\/399905\/58\/%D9%85%D8%B7%D9%84%D8%A8-%D8%A8%D8%B1%D9%84%D9%85%D8%A7%D9%86%D9%8A-%D8%A8%D8%AA%D9%85%D9%88%D9%8A%D9%84--%D8%A7%D9%84%D9%82%D8%B7%D8%A7%D8%B1-%D8%A7%D9%84%D8%B3%D8%B1%D9%8A%D8%B9--%D8%A8%D8%B9%D9%8A%D8%AF%D8%A7-%D8%B9%D9%86-%D8%A7%D9%84%D9%82%D8%B1%D9%88\">Al Mal<\/a> should be funded through local and foreign investments. China had pledged USD 1.2 bn to help finance the EGP 70 bn project <a href=\"https:\/\/enterprise.press\/stories\/2018\/07\/15\/foreign-institutions-have-pledged-nearly-usd-3bn-in-freshish-financing\/\">back in July<\/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\/automotive-transportation\/\">Automotive + Transportation<\/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\/transport\/\">transport<\/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=\"622027\" 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=\"622027\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">18<\/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\/25\/efg-hermes-leasing-planning-egp-300-mn-securitized-bond-issuance-this-week\/\">\r\n                            EFG Hermes Leasing planning EGP 300 mn securitized bond issuance this 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\/25\/efg-hermes-leasing-planning-egp-300-mn-securitized-bond-issuance-this-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\/25\/efg-hermes-leasing-planning-egp-300-mn-securitized-bond-issuance-this-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\/25\/efg-hermes-leasing-planning-egp-300-mn-securitized-bond-issuance-this-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=EFG Hermes Leasing planning EGP 300 mn securitized bond issuance this week&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/25\/efg-hermes-leasing-planning-egp-300-mn-securitized-bond-issuance-this-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\/25\/efg-hermes-leasing-planning-egp-300-mn-securitized-bond-issuance-this-week\/&title=EFG Hermes Leasing planning EGP 300 mn securitized bond issuance this 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=EFG+Hermes+Leasing+planning+EGP+300+mn+securitized+bond+issuance+this+week+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F25%2Fefg-hermes-leasing-planning-egp-300-mn-securitized-bond-issuance-this-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\/25\/efg-hermes-leasing-planning-egp-300-mn-securitized-bond-issuance-this-week\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622027\" class=\"content-area-description single-story post-622027 post type-post status-publish format-standard hentry category-banking-finance tag-banking-finance tag-efg-hermes-leasing tag-enterpriseam tag-finance tag-walid-hassouna 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\/.aed014f6-a0b5-45dd-ba45-f3bdb0a67416.mp3\"><\/audio><\/figure>\n<p>EFG Hermes Leasing is planning to make a EGP 300 mn securitized bond issuance \u201cin the coming days,\u201d EFG Hermes Finance CEO <a href=\"https:\/\/www.almalnews.com\/Story\/399603\/11\/%C2%AB%D9%87%D9%8A%D8%B1%D9%85%D8%B3%C2%BB-%D9%84%D9%84%D8%AA%D8%A3%D8%AC%D9%8A%D8%B1-%D8%AA%D8%B9%D8%AA%D8%B2%D9%85-%D8%A5%D8%B5%D8%AF%D8%A7%D8%B1-%D8%B3%D9%86%D8%AF%D8%A7%D8%AA-%D8%AA%D9%88%D8%B1%D9%8A%D9%82-%D8%A8%D9%82%D9%8A%D9%85%D8%A9-300-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AC%D9%86%D9%8A%D9%87\">Walid Hassouna tells Al Mal<\/a>. CIB and Banque Misr will sign on as guarantors of the issuance, he added. The move is part of a securitized bond issuance plan that would see EFG Hermes Leasing issue bonds every six months at various amounts. EFG Hermes subsidiary Tanmeyah Microfinance is also planning to make a securitized bond issuance some time in 1H2019, noted Hassouna.<\/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-finance\/\">BANKING + FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/efg-hermes-leasing\/\">EFG Hermes Leasing<\/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\/walid-hassouna\/\">Walid Hassouna<\/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=\"622028\" 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=\"622028\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">19<\/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\/25\/eu-general-court-upholds-asset-freeze-on-mubarak-family\/\">\r\n                            EU General Court upholds asset freeze on Mubarak family                        <\/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\/25\/eu-general-court-upholds-asset-freeze-on-mubarak-family\/\" 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\/25\/eu-general-court-upholds-asset-freeze-on-mubarak-family\/')\">\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\/25\/eu-general-court-upholds-asset-freeze-on-mubarak-family\/\">\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=EU General Court upholds asset freeze on Mubarak family&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/25\/eu-general-court-upholds-asset-freeze-on-mubarak-family\/\">\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\/25\/eu-general-court-upholds-asset-freeze-on-mubarak-family\/&title=EU General Court upholds asset freeze on Mubarak family\">\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=EU+General+Court+upholds+asset+freeze+on+Mubarak+family+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F25%2Feu-general-court-upholds-asset-freeze-on-mubarak-family%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\/25\/eu-general-court-upholds-asset-freeze-on-mubarak-family\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622028\" class=\"content-area-description single-story post-622028 post type-post status-publish format-standard hentry category-egypt-politics-economics tag-egypt-politics-economics tag-enterpriseam tag-eu tag-hosni-mubarak 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\/.cb0b874a-42db-48c6-bbfb-6aa9b753a8e7.mp3\"><\/audio><\/figure>\n<p>The General Court of the European Union upheld a Council of the European Union ruling on Thursday to freeze the assets of family members of former Egyptian President Hosni Mubarak. \"The General Court upholds the Council\u2019s decision to freeze the assets of members of the Hosni Mubarak family, on the basis of judicial proceedings relating to misappropriation of Egyptian State funds,\" the court said in <a href=\"https:\/\/curia.europa.eu\/jcms\/upload\/docs\/application\/pdf\/2018-11\/cp180182en.pdf\">a statement (pdf)<\/a>. Gamal and Alaa had been <a href=\"https:\/\/enterprise.press\/stories\/2018\/09\/17\/arrests-over-alleged-stock-market-manipulation-trigger-egx-sell-off\/\">briefly arrested<\/a>in September over allegations of stock market manipulation, causing the EGX30 to drop by 3.6%.<\/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-politics-economics\/\">Egypt Politics + Economics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/eu\/\">EU<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hosni-mubarak\/\">Hosni Mubarak<\/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=\"622031\" 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=\"622031\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">20<\/div>\r\n\r\n                    <p class=\"f-graphik\">National Security<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/25\/egypt-greece-and-cyprus-to-conduct-joint-training-drill-medusa-7\/\">\r\n                            Egypt, Greece and Cyprus to conduct joint training drill Medusa 7                        <\/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\/25\/egypt-greece-and-cyprus-to-conduct-joint-training-drill-medusa-7\/\" 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\/25\/egypt-greece-and-cyprus-to-conduct-joint-training-drill-medusa-7\/')\">\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\/25\/egypt-greece-and-cyprus-to-conduct-joint-training-drill-medusa-7\/\">\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, Greece and Cyprus to conduct joint training drill Medusa 7&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/25\/egypt-greece-and-cyprus-to-conduct-joint-training-drill-medusa-7\/\">\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\/25\/egypt-greece-and-cyprus-to-conduct-joint-training-drill-medusa-7\/&title=Egypt, Greece and Cyprus to conduct joint training drill Medusa 7\">\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%2C+Greece+and+Cyprus+to+conduct+joint+training+drill+Medusa+7+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F25%2Fegypt-greece-and-cyprus-to-conduct-joint-training-drill-medusa-7%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\/25\/egypt-greece-and-cyprus-to-conduct-joint-training-drill-medusa-7\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622031\" class=\"content-area-description single-story post-622031 post type-post status-publish format-standard hentry category-national-security tag-armed-forces tag-defense tag-enterpriseam tag-national-security tag-security wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.1601a85c-308c-4f64-90f0-594b47408616.mp3\"><\/audio><\/figure>\n<p>Egypt, Greece, and Cyprus will be holding a multi-day joint naval and air force exercise in Crete, <a href=\"https:\/\/www.facebook.com\/EgyArmySpox\/posts\/1455020407962270?__xts__%5b0%5d=68.ARDL19dI7DR3k3zQRGBd8jwjEFoJUOVpVNJG17CCxm0RxnK2pk7AJi20ORoV67ON-N3GK6cTjo2k9o0fLYaQd3HmVeJUG_mmhbvdGaJuQLulH14ydQJgTnP6al4eDeBEdXV9fjXoLwDVJJmR-oWfmGh3QPUkmBNulKbBJ3EiGHmBBehL7CqWh_6OwrJxVn-UiEtZG5V-R36D8Y-7ZOMuW0xXr5lkeuFIITkoBFtK25mt53EPhI2SXuHF5CNKpTXDLDghCFLwj3_guME0PnPV4Wf73sXXHhdqfoYbirrZ58j5l6x-3cHEsYMrNcFa82VqVv-u9d1mk1EYZZI7oD_ksA&__tn__=-R\">according to an Armed Forces statement<\/a>. The joint exercise, Medusa 7, will include trainings on naval and air combat maneuvers, as well as drills focusing on the security of offshore natural gas platforms.<\/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\/armed-forces\/\">Armed Forces<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/defense\/\">Defense<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/national-security\/\">national security<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/security\/\">security<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"622032\" 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=\"622032\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">21<\/div>\r\n\r\n                    <p class=\"f-graphik\">Sports<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/25\/egypts-el-sayed-crowned-greco-roman-world-champion\/\">\r\n                            Egypt\u2019s El Sayed crowned Greco-Roman world champion                        <\/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\/25\/egypts-el-sayed-crowned-greco-roman-world-champion\/\" 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\/25\/egypts-el-sayed-crowned-greco-roman-world-champion\/')\">\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\/25\/egypts-el-sayed-crowned-greco-roman-world-champion\/\">\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\u2019s El Sayed crowned Greco-Roman world champion&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/25\/egypts-el-sayed-crowned-greco-roman-world-champion\/\">\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\/25\/egypts-el-sayed-crowned-greco-roman-world-champion\/&title=Egypt\u2019s El Sayed crowned Greco-Roman world champion\">\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%E2%80%99s+El+Sayed+crowned+Greco-Roman+world+champion+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F25%2Fegypts-el-sayed-crowned-greco-roman-world-champion%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\/25\/egypts-el-sayed-crowned-greco-roman-world-champion\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2018\/11\/631.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"622033\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/25\/egypts-el-sayed-crowned-greco-roman-world-champion\/631-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/11\/631.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"631.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/11\/631.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/11\/631.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622032\" class=\"content-area-description single-story post-622032 post type-post status-publish format-standard has-post-thumbnail hentry category-_newspack_sports tag-enterpriseam tag-sports 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\/.ae747f88-aae6-44ee-b9ad-f8705c743fd7.mp3\"><\/audio><\/figure>\n<p>Greco-Roman wrestler Mohamed El Sayed brought home a gold medal from last week\u2019s Senior U23 World Championships in Bucharest, <a href=\"https:\/\/unitedworldwrestling.org\/article\/elsayed-wins-egypts-first-world-gold-2006\">according to the tournament's website<\/a>. El Sayed is the first since 2006 to win a wrestling gold across all age, weight, and style groups. Wrestler Ahmed Hassan also snatched a bronze medal at the event.<\/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\/sports\/\">sports<\/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=\"622036\" 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=\"622036\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">22<\/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\/25\/american-artist-jason-derulo-visits-egypt-poses-by-great-pyramids\/\">\r\n                            American artist Jason Derulo visits Egypt, poses by Great Pyramids                        <\/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\/25\/american-artist-jason-derulo-visits-egypt-poses-by-great-pyramids\/\" 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\/25\/american-artist-jason-derulo-visits-egypt-poses-by-great-pyramids\/')\">\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\/25\/american-artist-jason-derulo-visits-egypt-poses-by-great-pyramids\/\">\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=American artist Jason Derulo visits Egypt, poses by Great Pyramids&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/25\/american-artist-jason-derulo-visits-egypt-poses-by-great-pyramids\/\">\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\/25\/american-artist-jason-derulo-visits-egypt-poses-by-great-pyramids\/&title=American artist Jason Derulo visits Egypt, poses by Great Pyramids\">\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=American+artist+Jason+Derulo+visits+Egypt%2C+poses+by+Great+Pyramids+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F25%2Famerican-artist-jason-derulo-visits-egypt-poses-by-great-pyramids%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\/25\/american-artist-jason-derulo-visits-egypt-poses-by-great-pyramids\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2018\/11\/914.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"622037\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/25\/american-artist-jason-derulo-visits-egypt-poses-by-great-pyramids\/914-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/11\/914.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"914.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/11\/914.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/11\/914.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622036\" class=\"content-area-description single-story post-622036 post type-post status-publish format-standard has-post-thumbnail hentry category-on-your-way-out tag-art tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Hip-hop singer-songwriter Jason Derulo was in town over the weekend to perform at a concert<\/strong> and did not miss the chance to <a href=\"https:\/\/twitter.com\/jasonderulo\/status\/1066024859329855490\">take some pictures at the pyramids<\/a>. This was Derulo\u2019s first time performing live in Omm El Donia.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/art\/\">art<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"622038\" 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=\"622038\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">23<\/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\/25\/622038\/\">\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\/25\/622038\/\" 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\/25\/622038\/')\">\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\/25\/622038\/\">\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\/25\/622038\/\">\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\/25\/622038\/&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%2F25%2F622038%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\/25\/622038\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622038\" class=\"content-area-description single-story post-622038 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><br \/>\n EGP \/ USD at CIB:<\/strong> Buy 17.86 | Sell 17.96<br \/>\n <strong>EGP \/ USD at NBE: <\/strong>Buy 17.78 | Sell 17.88<\/p>\n<p><strong>EGX30<\/strong> (Thursday): 13,675 (-0.4%)<br \/>\n <strong>Turnover:<\/strong> EGP 1.3 bn (68% above the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: -8.9%<\/p>\n<p><strong>THE MARKET ON THURSDAY:<\/strong> The EGX30 ended Thursday\u2019s session down 0.4%. CIB, the index heaviest constituent ended down 1.5%. EGX30\u2019s top performing constituents were Juhayna up 3.9%, and Egyptian Iron and Steel up 3.2%, and Ibnsina Pharma up 2.6%. Thursday\u2019s worst performing stocks were QNB Alahli down 2.8%, Qalaa Holdings down 2.7% and Emaar Misr down 2.4%. The market turnover was EGP 1.3 bn, and local investors were the sole net buyers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Short | EGP -57.6 mn<br \/>\n <strong>Regional<\/strong>: Net Short | EGP -92.3 mn<br \/>\n <strong>Domestic<\/strong>: Net Long | EGP +149.9 mn<\/p>\n<p><strong>Retail<\/strong>: 59.2% of total trades | 62.6% of buyers | 55.8% of sellers<br \/>\n <strong>Institutions<\/strong>: 40.8% of total trades | 37.4% of buyers | 44.2% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 50.42 (-7.71%)<br \/>\n <strong>Brent:<\/strong> USD 58.80 (-6.07%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 4.31 MMBtu, (-3.21%, December 2018 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,223.20\/ troy ounce (-0.39%)<br<\/p>\n<p><strong>TASI:<\/strong> 7,607.32 (+1.24%) (YTD: +5.27%)<br \/>\n <strong>ADX:<\/strong> 4,984.75 (+0.28%) (YTD: +13.33%)<br \/>\n <strong>DFM:<\/strong> 2,754.91 (-0.06%) (YTD: -18.25%)<br \/>\n <strong>KSE Premier Market:<\/strong> 5,266.27 (-0.08%)<br \/>\n <strong>QE:<\/strong> 10,328.48 (+0.35%) (YTD: +21.18%)<br \/>\n <strong>MSM:<\/strong> 4,453.30 (+0.03%) (YTD: -12.67%)<br \/>\n <strong>BB: <\/strong>1,323.21 (+0.67%) (YTD: -0.64%)<\/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=\"622039\" 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\/25\/622039\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622039\" class=\"content-area-description single-story post-622039 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>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): <a href=\"http:\/\/cairoict.com\/\">22nd Cairo ICT<\/a>, Egypt International Exhibition Center, Nasr City, Cairo.<\/p>\n<p>26 November (Monday): The Financial Regulatory Authority (FRA) will look into an appeal by Beltone Financial against the FRA\u2019s <a href=\"https:\/\/enterprise.press\/stories\/2018\/11\/04\/fra-suspends-beltones-investment-banking-arm-for-six-months-2\/\">six-month suspension<\/a> of Beltone\u2019s investment banking arm, sources said, <a href=\"https:\/\/almalnews.com\/Story\/399493\/11\/%D8%B9%D8%A7%D8%AC%D9%84----%D8%AA%D8%A3%D8%AC%D9%8A%D9%84-%D9%86%D8%B8%D8%B1-%D8%AA%D8%B8%D9%84%D9%85-%D8%A7%D9%8A%D9%82%D8%A7%D9%81-%D8%A8%D9%84%D8%AA%D9%88%D9%86-%D9%84%D8%AC%D9%84%D8%B3%D8%A9-%D8%A7%D9%84%D8%A3%D8%AB%D9%86%D9%8A%D9%86-%D8%A7%D9%84%D9%85%D9%82%D8%A8%D9%84\">according to Al Mal<\/a>.<\/p>\n<p>26-28 November (Monday-Wednesday): <a href=\"http:\/\/aidmo.org\/armining\/\">15th Arab International Mineral Resources Conference<\/a>, <a href=\"https:\/\/nc-iec.com\/\">Al Manara International Conference Center<\/a>, Cairo, Egypt.<\/p>\n<p>03 December (Monday) <a href=\"https:\/\/enterprise.press\/wp-content\/uploads\/2018\/11\/CCIFE-SEMINAR-ON-CONSUMER-FINANCE.pdf\">Consumer Finance Landscape-New Law in the Making<\/a>, Fairmont Hotel Nile City, Magenta ballroom, Cairo, Egypt<\/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 \u201cThe 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>June 2019: International Forum for small and medium enterprises (SMEs).<\/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":621992,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-621991","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"26254a01-ec94-490a-be13-6d110e913717","teaser":"","photo_url":"https:\/\/ent.news\/2015\/9\/104.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>Policy change could see banks paying billions more in taxes - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/issues\/policy-change-could-see-banks-paying-billions-more-in-taxes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Policy change could see banks paying billions more in taxes\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/issues\/policy-change-could-see-banks-paying-billions-more-in-taxes\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-17T06:41:43+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2015\/9\/104.jpg?fit=%2C&ssl=1\" \/>\n<script type=\"application\/ld+json\" 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