{"id":622153,"date":"2018-11-28T04:20:04","date_gmt":"2018-11-28T04:20:04","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=622153"},"modified":"2025-12-17T06:47:20","modified_gmt":"2025-12-17T06:47:20","slug":"are-state-banks-propping-up-the-egp","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/are-state-banks-propping-up-the-egp\/","title":{"rendered":"Are state banks propping up the EGP?"},"content":{"rendered":"<section id=\"622155\" 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=\"622155\">\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\/28\/what-were-tracking-on-27-november-2018-2\/\">\r\n                            What we\u2019re tracking on 27 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\/28\/what-were-tracking-on-27-november-2018-2\/\" 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\/28\/what-were-tracking-on-27-november-2018-2\/')\">\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\/28\/what-were-tracking-on-27-november-2018-2\/\">\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 on 27 November 2018&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/28\/what-were-tracking-on-27-november-2018-2\/\">\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\/28\/what-were-tracking-on-27-november-2018-2\/&title=What we\u2019re tracking on 27 November 2018\">\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+on+27+November+2018+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F28%2Fwhat-were-tracking-on-27-november-2018-2%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\/28\/what-were-tracking-on-27-november-2018-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622155\" class=\"content-area-description single-story post-622155 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-diplomacy tag-enterpriseam tag-house-of-representatives tag-mohammed-bin-salman tag-opec 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>The House of Representatives\u2019 general assembly is in recess until 9 December<\/strong>, House Speaker Ali Abdel Aal said yesterday, <a href=\"https:\/\/www.youm7.com\/story\/2018\/11\/27\/%D8%B9%D8%A8%D8%AF-%D8%A7%D9%84%D8%B9%D8%A7%D9%84-%D9%8A%D8%B1%D9%81%D8%B9-%D8%A7%D9%84%D8%AC%D9%84%D8%B3%D8%A9-%D8%A7%D9%84%D8%B9%D8%A7%D9%85%D8%A9-%D9%88%D8%A7%D9%84%D8%A8%D8%B1%D9%84%D9%85%D8%A7%D9%86-%D9%8A%D8%B9%D9%88%D8%AF-%D9%84%D9%84%D8%A7%D9%86%D8%B9%D9%82%D8%A7%D8%AF-9-%D8%AF%D9%8A%D8%B3%D9%85%D8%A8%D8%B1\/4047782\">according to Youm7<\/a>. You can expect committee work to continue during the break.<\/p><p><strong>Saudi Crown Prince Mohammed Bin Salman\u2019s tour of Cairo is over this morning<\/strong> as the MbS leaves to continue his regional tour in Tunisia before heading to Argentina for Friday\u2019s G20 summit. His visit to Egypt continues to get plenty of ink here and abroad. <strong>Surprising, though, is the dearth of news about new investments in Egypt by Saudi businesses<\/strong>, announcements of which had become the mainstay of high-profile visits such as this. Business talk in the press is limited to progress reports on already announced projects. MbS\u2019 departure augurs well for anyone trying to get into or out of Garden City today after the traffic snarl caused by his takeover of the Four Seasons.<\/p><p><strong>Tunisia won\u2019t be as MbS-friendly as we were: <\/strong>The international press is having a field day<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-11-26\/saudi-prince-to-face-protests-over-khashoggi-on-tunisia-visit\">with reports that MbS<\/a> will be greeted with protests when he gets there, especially when compared to the warm greeting he received here.<\/p><p><strong>Meanwhile, it\u2019s the final day of the <\/strong><a href=\"http:\/\/cairoict.com\/\"><strong>Cairo ICT expo<\/strong><\/a>,featuring a final panel discussion headlined \u201cControlling Social Media: A Step Forward or Backward?\u201d There are no words. The <a href=\"http:\/\/cdn6.cairoict.com\/Cairo-ICT-2018-Agenda-All.pdf\">conference agenda is here (pdf).<\/a><\/p><p><strong>The <\/strong><a href=\"http:\/\/aidmo.org\/armining\/\"><strong>Arab International Mineral Resources<\/strong><\/a>conference will also wrap up this afternoon. Here\u2019s <a href=\"http:\/\/aidmo.org\/armining\/agenda\/agenda-en.html\">the agenda<\/a>.<\/p><p><strong>Foreign Minister Sameh Shoukry is heading to Sudan<\/strong> today to discuss Libya with the ministers of its neighboring countries, according to <a href=\"https:\/\/www.facebook.com\/MFAEgypt\/posts\/2384744674930798?__xts__%5b0%5d=68.ARAe3bgU6x6PDJcJ4hBEAm7D8JDNqVFxuKz1xw7tBWY4wswrFs6KEW_K9Gf3i_GEpdw25xrBg4qk1LSTDNtgM0yNmK29yGmk4x4shVKQ34rmTx0OcVX_-Z4UzFcRQ1SxPZ8y9ZusDC-9f1kzN49cciV807HCUdxj0kfCAT78bTqdpLg6Y2jAVqKfD-xqHr8N8Q-lTi2MHclmNc_2xhrXXe-Sb9yViAB_sqzfi-ebLNhnlKiVbZKafhxa83UN8MQ0CIMa3PZjdVHE0xEUUZOIBnwAPrrex9Z9iwWkCVePbwFn26WfgS-gVyBSBPh6AcATCJbjxqV2vEjaXqHV0UO_JQ&amp;__tn__=-R\">a ministry statement<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/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\/mohammed-bin-salman\/\">Mohammed bin Salman<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/opec\/\">OPEC<\/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            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"622161\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll 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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-t04fu9k\" data-v=\"4\" data-block-id=\"t04fu9k\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-t04fu9k-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-t04fu9k-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\" 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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=\"622162\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/28\/mbs-trip-to-egypt-continues-to-reign-supreme-on-the-airwaves\/\">\r\n                            MbS\u2019 trip to Egypt continues to reign supreme 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        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           \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\/28\/mbs-trip-to-egypt-continues-to-reign-supreme-on-the-airwaves\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622162\" class=\"content-area-description single-story post-622162 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-enterprise-last-nights-talk-shows tag-enterpriseam tag-grand-egyptian-museum tag-investment-watch tag-mohammed-bin-salman wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Saudi Crown Prince Mohammed bin Salman\u2019s visit to Egypt and relations between Cairo and Riyadh<\/strong> once again reigned supreme on the airwaves last night, but the discussion was insipid at best.<\/p>\n<p><strong>Saudi Arabia has invested some USD 27 bn in more than 5,000 ventures in Egypt<\/strong>, the Council of Saudi Chambers\u2019 deputy head, Abdullah Al-Adeem, told Yahduth fi Masr\u2019s Sherif Amer (<a href=\"https:\/\/www.facebook.com\/YahdothFiMasr\/videos\/255449998485383\/\">watch, runtime: 1:27<\/a>). Amer also paid particular attention to a meeting between the heads of Egyptian media outlets and the Saudi media delegation accompanying the crown prince on his trip (<a href=\"https:\/\/www.facebook.com\/YahdothFiMasr\/videos\/2132645056997238\/\">watch, runtime: 1:50<\/a>).<\/p>\n<p><strong>Masaa DMC\u2019s Osama Kamal hosted a roundtable discussion on MbS\u2019 trip<\/strong> with Al Hayat newspaper\u2019s Cairo bureau chief Mohamed Salah, former Egyptian ambassador to Saudi Arabia Ahmed Al Ghamrawy, former IMF consultant Fakhry Elfiky, and Al Ahram editor Ashraf Al Ashry (<a href=\"https:\/\/www.youtube.com\/watch?v=LhKB-gItoYg\">watch, runtime: 2:02<\/a>). Hona Al Asema and Al Hayah Al Youm also dedicated some airtime to the visit (<a href=\"https:\/\/www.youtube.com\/watch?v=Fri-YrrstwU\">watch, runtime: 2:55<\/a> and <a href=\"https:\/\/www.youtube.com\/watch?v=LgHUKpg4MBk\">runtime: 3:00<\/a>).<\/p>\n<p><strong>Grand Egyptian Museum Director Tarek Tawfik updated Hona Al Asema\u2019s Lama Gebril on the museum\u2019s progress<\/strong> as it prepares for its soft opening next year. Around 4,500 of the 5,400 artifacts from King Tut\u2019s tomb have been transferred to the GEM, where the boy king\u2019s belongings will be put on display for the first time since his tomb was discovered, Tawfik said (<a href=\"https:\/\/www.youtube.com\/watch?v=2k2tZZuKsCA\">watch, runtime: 7:52<\/a>).<\/p>\n<p>CIT Ministry advisor Hossam Othman had a chat on Hona Al Asema about <strong>an initiative to train at least 10k Egyptians and Africans as software developers<\/strong>, which President Abdel Fattah El Sisi launched on Sunday at the Cairo ICT expo (<a href=\"https:\/\/www.youtube.com\/watch?v=isqmuqfCzJ8\">watch, runtime: 29:02<\/a>).<\/p>\n<p><strong>Mowasalat Misr has reached an agreement with Google Maps to display its bus and minibus routes on the app<\/strong>, Al Hayah Al Youm\u2019s Lobna Assal noted (<a href=\"https:\/\/www.youtube.com\/watch?v=qMdZt1M77PA\">watch, runtime: 2:43<\/a>).<\/p>\n<p><strong>The government\u2019s planned housing projects and developments<\/strong> were the main topic of discussion for Cabinet spokesman Nader Saad on Al Hayah Al Youm (<a href=\"https:\/\/www.youtube.com\/watch?v=wbYVern2GWM\">watch, runtime: 4:41<\/a>).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-last-nights-talk-shows\/\">Enterprise+: Last Night\u2019s Talk Shows<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/grand-egyptian-museum\/\">Grand Egyptian Museum<\/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\/mohammed-bin-salman\/\">Mohammed bin Salman<\/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=\"622163\" 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=\"622163\">\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\/28\/foreigners-dump-egyptian-debt-for-seventh-month-in-a-row-more-speculation-that-state-banks-are-propping-up-the-egp\/\">\r\n                            Foreigners dump Egyptian debt for seventh month in a row; more speculation that state banks are propping up the EGP                        <\/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\/28\/foreigners-dump-egyptian-debt-for-seventh-month-in-a-row-more-speculation-that-state-banks-are-propping-up-the-egp\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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more speculation that state banks are propping up the EGP\">\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=Foreigners+dump+Egyptian+debt+for+seventh+month+in+a+row%3B+more+speculation+that+state+banks+are+propping+up+the+EGP+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F28%2Fforeigners-dump-egyptian-debt-for-seventh-month-in-a-row-more-speculation-that-state-banks-are-propping-up-the-egp%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\/28\/foreigners-dump-egyptian-debt-for-seventh-month-in-a-row-more-speculation-that-state-banks-are-propping-up-the-egp\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/2\/310.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"622164\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/28\/foreigners-dump-egyptian-debt-for-seventh-month-in-a-row-more-speculation-that-state-banks-are-propping-up-the-egp\/310-jpg-25\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/2\/310.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"310.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/2\/310.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/2\/310.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622163\" class=\"content-area-description single-story post-622163 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round tag-debt tag-enterpriseam tag-foreign-reserves 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>Foreigners dump Egyptian debt for seventh month in a row; more speculation state that banks are propping up the EGP: <\/strong>Foreign investors exited some EGP 24.3 bn-worth of Egyptian treasuries in October, according to the central bank\u2019s <a href=\"https:\/\/ent.news\/2018\/11\/2101.pdf\">monthly statistical bulletin (pdf)<\/a>. Non-Egyptian holdings of treasuries stood at EGP 210.2 bn (c.USD 11.7 bn) at the end of October, down from EGP 234.5 bn (c.USD 13.1 bn) the previous month. This marks the seventh consecutive month during which international appetite for Egyptian treasuries has declined, <a href=\"https:\/\/www.masrawy.com\/news\/news_economy\/details\/2018\/11\/27\/1469795\/%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D8%A7%D9%84%D8%A3%D8%AC%D8%A7%D9%86%D8%A8-%D8%A8%D8%A3%D8%B0%D9%88%D9%86-%D8%A7%D9%84%D8%AE%D8%B2%D8%A7%D9%86%D8%A9-%D8%AA%D9%86%D8%AE%D9%81%D8%B6-%D9%84%D8%B3%D8%A7%D8%A8%D8%B9-%D8%B4%D9%87%D8%B1-%D9%88%D8%AA%D8%B3%D8%AC%D9%84-11-7-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AF%D9%88%D9%84%D8%A7%D8%B1#sectionListing\">according to Masrawy<\/a>.<\/p>\n<p><strong>Is the CBE relying on state banks to prop up the EGP amid the outflow of hot money?<\/strong> The central bank appears to be relying largely on the National Bank of Egypt and Banque Misr to help prop-up the EGP throughout the emerging markets sell-off, <a href=\"https:\/\/www.reuters.com\/article\/egypt-economy-currency\/egypts-state-banks-helping-to-support-currency-bankers-economists-idUSL8N1XJ46P\">according to Reuters<\/a>. The strategy is meant to be an alternative to the CBE directly interfering \u2014 Governor Tarek Amer has consistently repeatedly since the late 2016 float of the pound that the central bank has stopped managing the currency. \u201cAs portfolio funds flow out \u2026 supplies of USD needed to support the EGP are mainly coming from the banking system, rather than from the central bank\u2019s reserves,\u201d according to seven bankers and several economists the newswire spoke to.<\/p>\n<p><strong>The policy does not pose an \u201cimmediate threat,\u201d but it can\u2019t last forever, economists say:<\/strong> Egypt\u2019s net foreign reserves have held steady the past several months, climbing to USD 44.5 bn in September and October. Remittances by citizens working<a href=\"https:\/\/enterprise.press\/stories\/2018\/11\/19\/expat-remittances-rise-usd-20-4-y-o-y-in-september\/\">abroad also rose 20.4%<\/a> y-o-y in September to USD 1.8 bn, and the EGP float managed to crush the black market for forex. \u201cAll this suggests Egypt may be able to resist pressure on the EGP for many more months or even years \u2026 But if demand for the Egyptian currency weakens further over the long term without any exchange rate adjustment, capital inflows could shrink, Egypt\u2019s exports might become less competitive, and foreign exchange reserves could be run down.\u201d<\/p>\n<p><strong>Background: This is exactly what Arqaam Capital <\/strong><a href=\"https:\/\/enterprise.press\/stories\/2018\/11\/08\/how-much-longer-can-the-banking-system-support-fx-outflows-without-the-central-bank-releasing-some-reserves\/\"><strong>said earlier this month<\/strong><\/a>. The firm stressed that banks are now \u201cless shock absorbent for a future devaluation\u201d of the EGP (however unlikely at this stage) and need fresh inflows of FX to continue acting as shock absorbers. By Arqaam\u2019s calculations at the time, FX reserves would fall only USD 4 bn if the CBE dipped in to make the banks whole for the outflows. Capital Economics, meanwhile, <a href=\"https:\/\/enterprise.press\/stories\/2018\/09\/06\/egp-could-lose-up-to-10-of-its-value-against-the-usd-by-2020\/\">suggested in a September report<\/a> that the EGP\u2019s stability in the midst of the global EM sell-off could have only come from the CBE propping up the currency.<\/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\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/foreign-reserves\/\">foreign reserves<\/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=\"622176\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"622177\" 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=\"622177\">\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\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/28\/egypt-in-the-news-on-28-november-2018\/\">\r\n                            Egypt in the News on 28 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\/28\/egypt-in-the-news-on-28-november-2018\/\" 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\/28\/egypt-in-the-news-on-28-november-2018\/')\">\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\/28\/egypt-in-the-news-on-28-november-2018\/\">\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 the News on 28 November 2018&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/28\/egypt-in-the-news-on-28-november-2018\/\">\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\/28\/egypt-in-the-news-on-28-november-2018\/&title=Egypt in the News on 28 November 2018\">\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+the+News+on+28+November+2018+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F28%2Fegypt-in-the-news-on-28-november-2018%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\/28\/egypt-in-the-news-on-28-november-2018\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622177\" class=\"content-area-description single-story post-622177 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-agriculture tag-ancient-egypt tag-economy tag-egypt-in-the-news tag-enterpriseam tag-grand-egyptian-museum tag-housing tag-population-growth tag-tourism tag-trade wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Mo Salah, animal lover, tops coverage of Egypt in the foreign press:<\/strong> Displacing MbS\u2019 visit to Cairo from the global headlines is Liverpool star Mohamed Salah coming out to condemn a controversial \u2014 and unconfirmed \u2014 proposal to export our nation\u2019s stray cats and dogs to countries that use them for food. The story is trending everywhere \u2014 even <a href=\"https:\/\/www.bbc.com\/news\/world-middle-east-46356719\">the BBC has picked it up<\/a>.<\/p>\n<p><strong>The government has stepped up fines for citizens who build illegally on agricultural land, <\/strong>but the poor say they have nowhere else to go, <a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL4N1XT0BS\">Lena Masri and Ali Abdelaty write for Reuters<\/a>. According to the newswire, illegal construction on farmland has gone up 40% annually since the 2011 uprising at a time where Egypt is in desperate need to plant its own crops to feed its rapidly growing population.<\/p>\n<p><strong>The Grand Egyptian Museum will become the world\u2019s largest museum dedicated to a single civilization<\/strong>, <a href=\"https:\/\/www.latimes.com\/world\/la-fg-grand-egyptian-museum-20181126-story.html\">Salma Islam writes for the Los Angeles Times<\/a>. The new museum in Giza will showcase artifacts never shown before to the public, and features state-of-the-art facilities vital for the artifacts\u2019 preservation. The museum\u2019s ambitious plans come at a cost of USD 1.1 bn, however, which is financed by two Japanese loans.<\/p>\n<p><strong>Egypt\u2019s efforts to curb population growth do not address the \u201croot causes\u201d of the issue, including economic inequality,<\/strong> Victor Cabrera <a href=\"http:\/\/www.themedialine.org\/student-journalists\/egypt-cutting-wrong-wires-to-diffuse-population-bomb\/\">writes for the Media Line<\/a>. Recent policies designed to incentivize family planning are \u201creasonable,\u201d but these must be paired with reforms to \u201cliberalize and diversify\u201d the country\u2019s economy, according to Steven Mosher, president of the Virginia-based Population Research Institute. \u201cIt\u2019s not just simply about economic growth; it\u2019s about the distribution of that growth,\u201d says Queen\u2019s University Professor Geography and Planning, Mark Rosenberg. According to Rosenberg, economic growth \u201chas not been effectively transferred to Egypt\u2019s poorer classes.\u201d<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/agriculture\/\">agriculture<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/economy\/\">economy<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/grand-egyptian-museum\/\">Grand Egyptian Museum<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/housing\/\">housing<\/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\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"622178\" 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=\"622178\">\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\/28\/mbs-meeting-with-el-sisi-in-cairo-leads-the-conversation-in-state-dailies\/\">\r\n                            MbS\u2019 meeting with El Sisi in Cairo leads the conversation in state dailies                        <\/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\/28\/mbs-meeting-with-el-sisi-in-cairo-leads-the-conversation-in-state-dailies\/\" 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\/28\/mbs-meeting-with-el-sisi-in-cairo-leads-the-conversation-in-state-dailies\/')\">\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\/28\/mbs-meeting-with-el-sisi-in-cairo-leads-the-conversation-in-state-dailies\/\">\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=MbS\u2019 meeting with El Sisi in Cairo leads the conversation in state dailies&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/28\/mbs-meeting-with-el-sisi-in-cairo-leads-the-conversation-in-state-dailies\/\">\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\/28\/mbs-meeting-with-el-sisi-in-cairo-leads-the-conversation-in-state-dailies\/&title=MbS\u2019 meeting with El Sisi in Cairo leads the conversation in state dailies\">\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=MbS%E2%80%99+meeting+with+El+Sisi+in+Cairo+leads+the+conversation+in+state+dailies+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F28%2Fmbs-meeting-with-el-sisi-in-cairo-leads-the-conversation-in-state-dailies%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\/28\/mbs-meeting-with-el-sisi-in-cairo-leads-the-conversation-in-state-dailies\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622178\" class=\"content-area-description single-story post-622178 post type-post status-publish format-standard hentry category-on-the-front-pages tag-abdel-fattah-el-sisi tag-enterpriseam tag-libya tag-mohammed-bin-salman tag-on-the-front-pages tag-social-welfare wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Crown Prince Mohammed bin Salman and President Abdel Fattah El Sisi\u2019s sit-down yesterday<\/strong> is leading the conversation in Egypt\u2019s three state-run newspapers this morning. The top headline in <a href=\"http:\/\/www.algomhuria.net.eg\/algomhuria\/today\/pdf-big\/\">Al Gomhuria<\/a> focuses on the warm welcome MbS received in Cairo, while <a href=\"http:\/\/www.ahram.org.eg\/News\/202845\/25\/683216\/%D8%A7%D9%84%D8%A3%D9%88%D9%84%D9%89\/%D8%A7%D9%84%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D8%B3%D8%AA%D9%82%D8%B1%D8%A7%D8%B1-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D8%AC%D8%B2%D8%A1-%D9%85%D9%86-%D8%A7%D9%84%D8%A3%D9%85%D9%86-%D8%A7%D9%84%D9%82%D9%88%D9%85%D9%89-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%89.aspx\">Al Ahram<\/a> and <a href=\"https:\/\/www.pressreader.com\/egypt\/al-akhbar\">Al Akhbar<\/a> feature nearly identical headlines on El Sisi stressing direct correlation between Saudi Arabia\u2019s security and stability and those of Egypt.<\/p>\n<p><strong>Also on today\u2019s front pages:<\/strong><\/p>\n<ul>\n<li>Foreign Minister Sameh Shoukry is in Sudan for talks on Libya (Al Gomhuria)<\/li>\n<li>The House of Representatives is unhappy with Social Solidarity Minister Ghada Wali over delays in the disbursement of some pensions (<a href=\"http:\/\/www.ahram.org.eg\/News\/202845\/136\/683227\/%D9%85%D8%AA%D8%A7%D8%A8%D8%B9%D8%A7%D8%AA\/%D8%A7%D9%86%D8%AA%D9%82%D8%A7%D8%AF%D8%A7%D8%AA-%D9%84%D9%88%D8%B2%D9%8A%D8%B1%D8%A9-%D8%A7%D9%84%D8%AA%D8%B6%D8%A7%D9%85%D9%86-%D8%AE%D9%84%D8%A7%D9%84-%D9%85%D9%86%D8%A7%D9%82%D8%B4%D8%A9-%D8%A7%D9%84%D8%A8%D8%B1%D9%84%D9%85%D8%A7%D9%86-%D8%B7%D9%84%D8%A8%D8%A7%D8%AA.aspx\">Al Ahram<\/a>)<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/libya\/\">Libya<\/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\/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\/social-welfare\/\">social welfare<\/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=\"622179\" 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=\"622179\">\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\">Worth reading<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/28\/egypts-consumers-are-adjusting-to-a-new-status-quo-two-years-after-devaluation\/\">\r\n                            Egypt\u2019s consumers are adjusting to a new status-quo two years after devaluation                        <\/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\/28\/egypts-consumers-are-adjusting-to-a-new-status-quo-two-years-after-devaluation\/\" 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\/28\/egypts-consumers-are-adjusting-to-a-new-status-quo-two-years-after-devaluation\/')\">\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\/28\/egypts-consumers-are-adjusting-to-a-new-status-quo-two-years-after-devaluation\/\">\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 consumers are adjusting to a new status-quo two years after devaluation&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/28\/egypts-consumers-are-adjusting-to-a-new-status-quo-two-years-after-devaluation\/\">\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\/28\/egypts-consumers-are-adjusting-to-a-new-status-quo-two-years-after-devaluation\/&title=Egypt\u2019s consumers are adjusting to a new status-quo two years after devaluation\">\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+consumers+are+adjusting+to+a+new+status-quo+two+years+after+devaluation+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F28%2Fegypts-consumers-are-adjusting-to-a-new-status-quo-two-years-after-devaluation%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\/28\/egypts-consumers-are-adjusting-to-a-new-status-quo-two-years-after-devaluation\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2018\/11\/2204.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"622180\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/28\/egypts-consumers-are-adjusting-to-a-new-status-quo-two-years-after-devaluation\/2204-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/11\/2204.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2204.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/11\/2204.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/11\/2204.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622179\" class=\"content-area-description single-story post-622179 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-reading tag-economics tag-enterpriseam tag-lifestyle tag-psychology tag-worth-reading wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Consumer confidence in Egypt fell by three <\/strong><strong>points q-o-q to a reading of 80 <\/strong><a href=\"https:\/\/www.nielsen.com\/content\/dam\/nielsenglobal\/ru\/docs\/TCB-Global-Consumer-Confidence-Report-Q2-2018.pdf\"><strong>on Nielsen\u2019s Global Consumer Confidence Index<\/strong><\/a><strong> for 2Q2018<\/strong>. Egypt and South Africa are the only two countries in the Middle East and Africa to see their consumer confidence readings decline, according to the index, which measures economic optimism.<\/p>\n<p><strong>But, when compared to Egypt\u2019s reading post-EGP float, consumer confidence has largely stabilized<\/strong> on the back of slower inflation and adjusted spending habits, <a href=\"https:\/\/arabianmarketer.ae\/the-no-waste-policy-of-the-egyptian-shopper\/\">said the Arabian Marketer<\/a>. The current level of confidence is an increase of 16 basis points since 1Q2016 as the dust from the float settles. Demand still exists, but it\u2019s the patterns that have changed: Consumers are now increasingly adopting a \u201czero-waste\u201d mindset.<\/p>\n<p><strong>Shoppers in Egypt have been gradually shifting away from the discounter segment and towards brand loyalty<\/strong>. Rather than always going for the cheaper options, they look to limit waste through restocking pantries at more frequent intervals, and waiting for longer intervals before larger grocery trips. Monthly supermarket visits are down to an average of three this year (from a previous four), and hypermarket visits to one (from two). Consumers are also increasingly paying for goods in installments.<\/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\/economics\/\">economics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/lifestyle\/\">lifestyle<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/psychology\/\">psychology<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/worth-reading\/\">worth reading<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"622181\" 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=\"622181\">\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\/28\/egyptian-ashmawy-answers-vices-10-questions-you-always-wanted-to-ask\/\">\r\n                            Egyptian \u201cAshmawy\u201d answers Vice\u2019s 10 Questions You Always Wanted to Ask                        <\/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\/28\/egyptian-ashmawy-answers-vices-10-questions-you-always-wanted-to-ask\/\" 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\/28\/egyptian-ashmawy-answers-vices-10-questions-you-always-wanted-to-ask\/')\">\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\/28\/egyptian-ashmawy-answers-vices-10-questions-you-always-wanted-to-ask\/\">\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=Egyptian \u201cAshmawy\u201d answers Vice\u2019s 10 Questions You Always Wanted to Ask&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/28\/egyptian-ashmawy-answers-vices-10-questions-you-always-wanted-to-ask\/\">\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\/28\/egyptian-ashmawy-answers-vices-10-questions-you-always-wanted-to-ask\/&title=Egyptian \u201cAshmawy\u201d answers Vice\u2019s 10 Questions You Always Wanted to Ask\">\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=Egyptian+%E2%80%9CAshmawy%E2%80%9D+answers+Vice%E2%80%99s+10+Questions+You+Always+Wanted+to+Ask+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F28%2Fegyptian-ashmawy-answers-vices-10-questions-you-always-wanted-to-ask%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\/28\/egyptian-ashmawy-answers-vices-10-questions-you-always-wanted-to-ask\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2018\/11\/1271.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"622182\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/28\/egyptian-ashmawy-answers-vices-10-questions-you-always-wanted-to-ask\/1271-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/11\/1271.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1271.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/11\/1271.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/11\/1271.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622181\" class=\"content-area-description single-story post-622181 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-watching tag-enterpriseam tag-politics tag-worth-watching 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-09\"><\/a> <strong>Ever wondered how an executioner feels about their job? <\/strong>Well a retired Egyptian executioner (known locally as a Ashmawy) sat down with Vicefor an episode of \u201810 Questions You Always Wanted to Ask.\u2019 The Vice team rounded up a series of questions about the ex-Ashmawy\u2019s work, experiences, thoughts, reasons, and regrets. The Ashmawy, who said he got into the job because it was \u201ca unique and dignified vocation,\u201d not only loved his job, but \u201cstarted to innovate\u201d (shudder).<\/p>\n<p><strong>Considering a job as an executioner?<\/strong> \u201cYou need to be a mature (at least 30-40 years of age), physically strong and able, observant, and pious person,\u201d he says. The interview is not for the faint-hearted (<a href=\"https:\/\/www.youtube.com\/watch?v=d-RKuc2nAY8\">watch, runtime: 6:12<\/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\/politics\/\">politics<\/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=\"622183\" 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=\"622183\">\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\/28\/us-lawmakers-urge-for-action-against-egypts-crackdown\/\">\r\n                            US lawmakers urge for action against Egypt\u2019s crackdown                        <\/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\/28\/us-lawmakers-urge-for-action-against-egypts-crackdown\/\" 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\/28\/us-lawmakers-urge-for-action-against-egypts-crackdown\/')\">\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\/28\/us-lawmakers-urge-for-action-against-egypts-crackdown\/\">\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 lawmakers urge for action against Egypt\u2019s crackdown&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/28\/us-lawmakers-urge-for-action-against-egypts-crackdown\/\">\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\/28\/us-lawmakers-urge-for-action-against-egypts-crackdown\/&title=US lawmakers urge for action against Egypt\u2019s crackdown\">\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+lawmakers+urge+for+action+against+Egypt%E2%80%99s+crackdown+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F28%2Fus-lawmakers-urge-for-action-against-egypts-crackdown%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\/28\/us-lawmakers-urge-for-action-against-egypts-crackdown\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622183\" class=\"content-area-description single-story post-622183 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-diplomacy-foreign-trade tag-enterpriseam tag-us wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>US lawmakers urge US gov\u2019t to pressure Egypt on arrests: <\/strong>US lawmakers have <a href=\"https:\/\/www.al-monitor.com\/pulse\/files\/live\/sites\/almonitor\/files\/documents\/2018\/pompeo_egypt_letter_congress.pdf\">sent a letter (pdf)<\/a> to US Secretary of State Mike Pompeo urging for serious action to be taken against arrests of activists in Egypt, which they say negatively affects relations between the two countries. More than 30 lawmakers pointed to the alleged targeting of US and other foreign NGOs, saying that at least 15 US citizens have been detained by Egyptian authorities without legal basis. \u201cWe are worried that the Egyptian government\u2019s approach to human rights, in addition to repressing Egyptian freedoms and contravening American values, will have an unintended but harmful impact on Egypt\u2019s stability, the very thing the Egyptian government is seeking to protect,\u201d the lawmakers said. The letter also accused Egypt of a media crackdown.<\/p>\n<p><strong>The US press is taking the cue<\/strong>, <a href=\"https:\/\/www.latimes.com\/world\/middleeast\/la-fg-egypt-mahmoud-abou-zeid-20181126-story.html\">with some noting<\/a> that photojournalist Mahmoud Abou Zeid, known as Shawkan, has yet to be released despite an order releasing him from prison being issued three months ago.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy-foreign-trade\/\">Diplomacy + Foreign Trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/us\/\">US<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"622184\" 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=\"622184\">\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\/28\/first-phase-of-egypt-sudan-electricity-interconnection-project-delayed\/\">\r\n                            First phase of Egypt-Sudan electricity interconnection project delayed?                        <\/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\/28\/first-phase-of-egypt-sudan-electricity-interconnection-project-delayed\/\" 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\/28\/first-phase-of-egypt-sudan-electricity-interconnection-project-delayed\/')\">\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\/28\/first-phase-of-egypt-sudan-electricity-interconnection-project-delayed\/\">\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=First phase of Egypt-Sudan electricity interconnection project delayed?&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/28\/first-phase-of-egypt-sudan-electricity-interconnection-project-delayed\/\">\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\/28\/first-phase-of-egypt-sudan-electricity-interconnection-project-delayed\/&title=First phase of Egypt-Sudan electricity interconnection project delayed?\">\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=First+phase+of+Egypt-Sudan+electricity+interconnection+project+delayed%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F28%2Ffirst-phase-of-egypt-sudan-electricity-interconnection-project-delayed%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\/28\/first-phase-of-egypt-sudan-electricity-interconnection-project-delayed\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622184\" class=\"content-area-description single-story post-622184 post type-post status-publish format-standard hentry category-energy tag-electricity tag-energy tag-enterpriseam tag-sudan 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\/.8d611e9d-7547-4a54-9278-ea431d0bc47f.mp3\"><\/audio><\/figure>\n<p>The Electricity Ministry is expected to complete the first phase of the USD 60-70 mn power interconnection project with Sudan in six months\u2019 time, <a href=\"https:\/\/alborsaanews.com\/2018\/11\/27\/1155897\">Minister Mohamed Shaker said<\/a> yesterday. The first phase, which should see the two countries exchange 200-300 MW of power, had <a href=\"https:\/\/enterprise.press\/stories\/2018\/09\/02\/eetc-completes-designs-acquires-licenses-for-sudan-interconnection-project\/\">initially been expected<\/a> to go live next month. The ministry will, however, conduct trial runs of transferring 150 MW of power in December. The second phase is slated for completion in 1Q2020 and will see an exchange of up to 600 MW.<\/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\/electricity\/\">electricity<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sudan\/\">Sudan<\/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=\"622185\" 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=\"622185\">\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\">Basic Materials + Commodities<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/28\/supply-ministry-indefinitely-postpones-settling-intl-rice-tender\/\">\r\n                            Supply Ministry indefinitely postpones settling int\u2019l rice 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\/28\/supply-ministry-indefinitely-postpones-settling-intl-rice-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\/28\/supply-ministry-indefinitely-postpones-settling-intl-rice-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\/28\/supply-ministry-indefinitely-postpones-settling-intl-rice-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=Supply Ministry indefinitely postpones settling int\u2019l rice tender&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/28\/supply-ministry-indefinitely-postpones-settling-intl-rice-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\/28\/supply-ministry-indefinitely-postpones-settling-intl-rice-tender\/&title=Supply Ministry indefinitely postpones settling int\u2019l rice 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=Supply+Ministry+indefinitely+postpones+settling+int%E2%80%99l+rice+tender+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F28%2Fsupply-ministry-indefinitely-postpones-settling-intl-rice-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\/28\/supply-ministry-indefinitely-postpones-settling-intl-rice-tender\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622185\" class=\"content-area-description single-story post-622185 post type-post status-publish format-standard hentry category-basic-materials-commodities tag-basic-materials-commodities tag-commodities tag-enterpriseam tag-gasc 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\/.0b00356a-ed19-4b46-943d-dc339c98e5ec.mp3\"><\/audio><\/figure>\n<p>The General Authority for Supply Commodities (GASC) has indefinitely postponed selecting a winning bid in its international tender for rice due to high prices, a government source <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1346582\">tells Al Masry Al Youm<\/a>. With prices for Chinese and Vietnamese rice ranging from USD 419.7-444 per tonne, the government is now looking into supplying rice from local suppliers instead. GASC was <a href=\"https:\/\/enterprise.press\/stories\/2018\/11\/14\/gasc-to-decide-on-20-november-the-winning-company-for-egypts-first-intl-rice-tender\/\">expected to settle<\/a> the tender on 20 November.<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"622186\" 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=\"622186\">\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\">Legislation + Policy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/28\/social-solidarity-ministry-completes-draft-social-security-and-pensions-act\/\">\r\n                            Social Solidarity Ministry completes draft Social Security and Pensions Act                        <\/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\/28\/social-solidarity-ministry-completes-draft-social-security-and-pensions-act\/\" 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\/28\/social-solidarity-ministry-completes-draft-social-security-and-pensions-act\/')\">\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\/28\/social-solidarity-ministry-completes-draft-social-security-and-pensions-act\/\">\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=Social Solidarity Ministry completes draft Social Security and Pensions Act&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/28\/social-solidarity-ministry-completes-draft-social-security-and-pensions-act\/\">\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\/28\/social-solidarity-ministry-completes-draft-social-security-and-pensions-act\/&title=Social Solidarity Ministry completes draft Social Security and Pensions Act\">\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=Social+Solidarity+Ministry+completes+draft+Social+Security+and+Pensions+Act+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F28%2Fsocial-solidarity-ministry-completes-draft-social-security-and-pensions-act%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\/28\/social-solidarity-ministry-completes-draft-social-security-and-pensions-act\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622186\" class=\"content-area-description single-story post-622186 post type-post status-publish format-standard hentry category-legislation-policy tag-enterpriseam tag-insurance tag-legislation-policy tag-social-solidarity-ministry wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.b0882a2c-20b1-479e-8eab-6a46b6468006.mp3\"><\/audio><\/figure>\n<p>The Social Solidarity Ministry has completed drafting the Social Security and Pensions Act and has referred the legislation to the Finance Ministry for actuarial studies on the legislation, Minister Ghada Wali told the House of Representatives yesterday, <a href=\"https:\/\/almalnews.com\/Story\/400479\/14\/%D9%88%D8%B2%D9%8A%D8%B1%D8%A9-%D8%A7%D9%84%D8%AA%D8%B6%D8%A7%D9%85%D9%86-%D8%A7%D9%84%D8%A7%D9%86%D8%AA%D9%87%D8%A7%D8%A1-%D9%85%D9%86-%D8%A7%D9%84%D9%81%D8%AD%D8%B5-%D8%A7%D9%84%D8%A5%D9%83%D8%AA%D9%88%D8%A7%D8%B1%D9%8A-%D9%84%D9%85%D8%B4%D8%B1%D9%88%D8%B9-%D9%82%D8%A7%D9%86%D9%88%D9%86-%D8%A7%D9%84%D9%85%D8%B9%D8%A7%D8%B4%D8%A7%D8%AA-%D8%AE%D9%84%D8%A7%D9%84-%D8%B4%D9%87%D8%B1\">Al Mal reports<\/a>. The actuarial studies should be complete within one month.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/insurance\/\">insurance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/legislation-policy\/\">Legislation + Policy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/social-solidarity-ministry\/\">Social Solidarity 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=\"622187\" 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=\"622187\">\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\">Egypt Politics + Economics<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/28\/egypt-signs-agreement-with-united-bank-to-settle-tax-disputes-worth-egp-100-mn\/\">\r\n                            Egypt signs agreement with United Bank to settle tax disputes worth EGP 100 mn                        <\/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\/28\/egypt-signs-agreement-with-united-bank-to-settle-tax-disputes-worth-egp-100-mn\/\" 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\/28\/egypt-signs-agreement-with-united-bank-to-settle-tax-disputes-worth-egp-100-mn\/')\">\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\/28\/egypt-signs-agreement-with-united-bank-to-settle-tax-disputes-worth-egp-100-mn\/\">\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 signs agreement with United Bank to settle tax disputes worth EGP 100 mn&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/28\/egypt-signs-agreement-with-united-bank-to-settle-tax-disputes-worth-egp-100-mn\/\">\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\/28\/egypt-signs-agreement-with-united-bank-to-settle-tax-disputes-worth-egp-100-mn\/&title=Egypt signs agreement with United Bank to settle tax disputes worth EGP 100 mn\">\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+signs+agreement+with+United+Bank+to+settle+tax+disputes+worth+EGP+100+mn+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F28%2Fegypt-signs-agreement-with-united-bank-to-settle-tax-disputes-worth-egp-100-mn%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\/28\/egypt-signs-agreement-with-united-bank-to-settle-tax-disputes-worth-egp-100-mn\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622187\" class=\"content-area-description single-story post-622187 post type-post status-publish format-standard hentry category-egypt-politics-economics tag-banking tag-egypt-politics-economics tag-enterpriseam tag-stamp-tax tag-united-bank wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.6924ad6a-cfb2-4b58-9725-2061ec4bbb37.mp3\"><\/audio><\/figure>\n<p>The government has reached an agreement with United Bank to settle 43 tax dispute cases worth a combined total of EGP 100 mn, which primarily involved stamp tax disputes going back 30 years, according to <a href=\"https:\/\/www.masrawy.com\/news\/news_economy\/details\/2018\/11\/27\/1469833\/%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%81-%D8%A7%D9%84%D9%85%D8%AA%D8%AD%D8%AF-%D9%8A%D8%AC%D8%B1%D9%8A-%D8%AA%D8%B3%D9%88%D9%8A%D8%A7%D8%AA-%D9%85%D8%B9-%D8%A7%D9%84%D8%B6%D8%B1%D8%A7%D8%A6%D8%A8-%D8%A8%D9%82%D9%8A%D9%85%D8%A9-100-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AC%D9%86%D9%8A%D9%87-#sectionListing\">Masrawy<\/a>. The bank\u2019s settlement is part of the government\u2019s <a href=\"https:\/\/enterprise.press\/stories\/2018\/10\/28\/govt-signs-agreement-with-banking-sector-to-settle-tax-disputes\/\">agreement with the banking sector<\/a> to put to bed outstanding tax disputes going back years.<\/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\/egypt-politics-economics\/\">Egypt Politics + Economics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/stamp-tax\/\">stamp tax<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/united-bank\/\">United Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"622188\" 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=\"622188\">\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\">Other Business News of Note<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/28\/vodafone-egypt-silicon-waha-sign-customer-service-employment-agreement\/\">\r\n                            Vodafone Egypt, Silicon Waha sign customer service employment agreement                        <\/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\/28\/vodafone-egypt-silicon-waha-sign-customer-service-employment-agreement\/\" 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\/28\/vodafone-egypt-silicon-waha-sign-customer-service-employment-agreement\/')\">\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\/28\/vodafone-egypt-silicon-waha-sign-customer-service-employment-agreement\/\">\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, Silicon Waha sign customer service employment agreement&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/28\/vodafone-egypt-silicon-waha-sign-customer-service-employment-agreement\/\">\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\/28\/vodafone-egypt-silicon-waha-sign-customer-service-employment-agreement\/&title=Vodafone Egypt, Silicon Waha sign customer service employment agreement\">\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%2C+Silicon+Waha+sign+customer+service+employment+agreement+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F28%2Fvodafone-egypt-silicon-waha-sign-customer-service-employment-agreement%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\/28\/vodafone-egypt-silicon-waha-sign-customer-service-employment-agreement\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622188\" class=\"content-area-description single-story post-622188 post type-post status-publish format-standard hentry category-other-business-news-of-note tag-cit-ministry tag-enterpriseam tag-other-business-news-of-note tag-technology 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\/.0a2d58cc-94a7-49c6-a4be-f52238a37a95.mp3\"><\/audio><\/figure>\n<p>Vodafone Egypt inked an agreement on Thursday with state-affiliated tech park operator <a href=\"http:\/\/siliconwaha.net\/index.html\">Silicon Waha<\/a> (literally: Silicon Oasis) that will see Vodafone employ 500 young people in customer service centers at Waha\u2019s parks in Assiut, Borg El Arab, and Beni Suef or through Vodafone, <a href=\"http:\/\/www.mcit.gov.eg\/Ar\/Media_Center\/Press_Room\/Press_Releases\/26029\">according to an CIT Ministry statement<\/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\/cit-ministry\/\">CIT ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/other-business-news-of-note\/\">Other Business News of Note<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/technology\/\">technology<\/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=\"622189\" 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=\"622189\">\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\">National Security<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/28\/defense-minister-in-greece-to-attend-joint-training-drill-medusa-7\/\">\r\n                            Defense minister in Greece to attend 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\/28\/defense-minister-in-greece-to-attend-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\/28\/defense-minister-in-greece-to-attend-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\/28\/defense-minister-in-greece-to-attend-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=Defense minister in Greece to attend joint training drill Medusa 7&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/28\/defense-minister-in-greece-to-attend-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\/28\/defense-minister-in-greece-to-attend-joint-training-drill-medusa-7\/&title=Defense minister in Greece to attend 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=Defense+minister+in+Greece+to+attend+joint+training+drill+Medusa+7+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F28%2Fdefense-minister-in-greece-to-attend-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\/28\/defense-minister-in-greece-to-attend-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-622189\" class=\"content-area-description single-story post-622189 post type-post status-publish format-standard hentry category-national-security tag-cyprus tag-enterpriseam tag-greece 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\/.505a543e-26d7-4647-bb04-e71c80c0de07.mp3\"><\/audio><\/figure>\n<p>Defense Minister Mohamed Zaki is in Crete to attend <a href=\"https:\/\/enterprise.press\/stories\/2018\/11\/25\/egypt-greece-and-cyprus-to-conduct-joint-training-drill-medusa-7\/\">Medusa 7<\/a> \u2014 a multi-day joint naval and air force exercise between Greece, Cyprus, and Egypt, <a href=\"https:\/\/www.facebook.com\/EgyArmySpox\/photos\/a.219625808168409\/1457324547731856\/?type=3&theater\">according to an Armed Forces statement<\/a>. Zaki is due to meet with senior Greek military officials to discuss regional developments and joint military cooperation.<\/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\/cyprus\/\">Cyprus<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/greece\/\">Greece<\/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=\"622190\" 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=\"622190\">\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\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/28\/concepts-x-nike-kyrie-irving-5-draws-inspiration-from-ancient-egypt\/\">\r\n                            Concepts x Nike Kyrie Irving 5 draws inspiration from Ancient 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\/28\/concepts-x-nike-kyrie-irving-5-draws-inspiration-from-ancient-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\/28\/concepts-x-nike-kyrie-irving-5-draws-inspiration-from-ancient-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\/28\/concepts-x-nike-kyrie-irving-5-draws-inspiration-from-ancient-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=Concepts x Nike Kyrie Irving 5 draws inspiration from Ancient Egypt&url=https:\/\/enterpriseam.com\/egypt\/2018\/11\/28\/concepts-x-nike-kyrie-irving-5-draws-inspiration-from-ancient-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\/28\/concepts-x-nike-kyrie-irving-5-draws-inspiration-from-ancient-egypt\/&title=Concepts x Nike Kyrie Irving 5 draws inspiration from Ancient 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=Concepts+x+Nike+Kyrie+Irving+5+draws+inspiration+from+Ancient+Egypt+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F11%2F28%2Fconcepts-x-nike-kyrie-irving-5-draws-inspiration-from-ancient-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\/28\/concepts-x-nike-kyrie-irving-5-draws-inspiration-from-ancient-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2018\/11\/1534.jpeg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"622191\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/28\/concepts-x-nike-kyrie-irving-5-draws-inspiration-from-ancient-egypt\/1534-jpeg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/11\/1534.jpeg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1534.jpeg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/11\/1534.jpeg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/11\/1534.jpeg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622190\" class=\"content-area-description single-story post-622190 post type-post status-publish format-standard has-post-thumbnail hentry category-on-your-way-out tag-ancient-egypt tag-enterpriseam tag-sports 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>Nike, NBA player Kyrie Irving and Concepts present ancient Egypt-inspired Kyrie 5 \u2018Ikhet\u2019 sneaker.<\/strong> The creative designer behind sneaker boutique Concepts, Deon Point, explained that \u2018Ikhet\u2019 means \u201cGlorious Light\u2019 \u2014 named for the Great Pyramid\u2019s limestone casing stones, which were polished to shimmer like glass in the sun, <a href=\"https:\/\/www.slamonline.com\/kicks\/the-concepts-x-nike-kyrie-5-ikhet-draws-inspiration-from-ancient-egypt\/\">according to Slam magazine<\/a>. The shoe\u2019s pale beige sand-colored body with a contrasting outsole and midsole symbolizes the sunset against the Egyptian pyramid, while the bright red tongue pays homage to the Sphinx, which is believed to have had a red nose before it was worn off. Nike\u2019s swoosh is also inspired by ancient Egyptian architecture, while the left shoe\u2019s heel features the Eye of Ra. <strong>The Nike Kyrie 5 Ikhet shoe is expected to <\/strong><a href=\"https:\/\/sneakernews.com\/2018\/11\/26\/concepts-nike-kyrie-5-ikhet\/\"><strong>drop on December 26th<\/strong><\/a><strong>, 2018, priced at USD 130<\/strong>.<\/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\/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=\"622192\" 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=\"622192\">\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\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/28\/622192\/\">\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\/28\/622192\/\" 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\/28\/622192\/')\">\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\/28\/622192\/\">\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\/28\/622192\/\">\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\/28\/622192\/&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%2F28%2F622192%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\/28\/622192\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622192\" class=\"content-area-description single-story post-622192 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> (Tuesday): 13,214 (+1.3%)<br \/>\n <strong>Turnover:<\/strong> EGP 862 mn (10% above the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: -12.0%<\/p>\n<p><strong>THE MARKET ON TUESDAY:<\/strong> The EGX30 ended yesterday\u2019s session up 1.3%. CIB, the index heaviest constituent ended up 1%. EGX30\u2019s top performing constituents were Porto Group up 4.5%, and Telecom Egypt up 4.3%, and Ezz Steel up 3.7%. Yesterday\u2019s worst performing stocks were Ibnsina Pharma down 0.8%, Edita down 0.1%. The market turnover was EGP 862 mn, and foreign investors were the sole net buyers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Long | EGP +262.1 mn<br \/>\n <strong>Regional<\/strong>: Net Short | EGP -95.2 mn<br \/>\n <strong>Domestic<\/strong>: Net Short | EGP -166.9 mn<\/p>\n<p><strong>Retail<\/strong>: 50.3% of total trades | 50.3% of buyers | 50.4% of sellers<br \/>\n <strong>Institutions<\/strong>: 49.7% of total trades | 49.7% of buyers | 49.6% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 52.09 (+0.89%)<br \/>\n <strong>Brent:<\/strong> USD 60.84 (+0.60%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 4.20 MMBtu, (-1.13%, December 2018)<br \/>\n <strong>Gold:<\/strong> USD 1,220.80\/ troy ounce (-0.64%)<br \n<\/p>\n<p><strong>TASI:<\/strong> 7,573.48 (+0.59%) (YTD: +4.80%)<br \/>\n <strong>ADX:<\/strong> 4,960.04 (-0.23%) (YTD: +12.77%)<br \/>\n <strong>DFM:<\/strong> 2,699.60 (-1.02%) (YTD: -19.89%)<br \/>\n <strong>KSE Premier Market:<\/strong> 5,333.38 (+0.75%)<br \/>\n <strong>QE:<\/strong> 10,355.67 (-0.01%) (YTD: +21.50%)<br \/>\n <strong>MSM:<\/strong> 4,386.87 (-0.14%) (YTD: -13.97%)<br \/>\n <strong>BB: <\/strong>1,320.33 (-0.49%) (YTD: -0.85%)<\/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=\"622193\" 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\/28\/622193\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622193\" class=\"content-area-description single-story post-622193 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>26-28 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 \u201c<a href=\"https:\/\/www.egyptdefenceexpo.com\/\">EDEX 2018<\/a>\u201d, Egypt International Exhibition Center, Nasr City Cairo.<\/p>\n<p>04 December (Tuesday): Uber CEO Dara Khosrowshahi will be in Cairo on Tuesday, for \u201can important announcement.<\/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>10 December (Monday): The Financial Regulatory Authority will hear a grievance appeal by Beltone against a six-month suspension handed to its investment banking arm over \u201cirregularities\u201d the authority says it found in Sarwa\u2019s IPO, <a href=\"https:\/\/almalnews.com\/Story\/400231\/11\/10-%D8%AF%D9%8A%D8%B3%D9%85%D8%A8%D8%B1---%D8%A7%D9%84%D8%AD%D9%83%D9%85-%D9%81%D9%89-%D8%AA%D8%B8%D9%84%D9%85%D8%A7%D8%AA-%D8%A5%D9%8A%D9%82%D8%A7%D9%81-%D8%A8%D9%84%D8%AA%D9%88%D9%86-\">Al Mal reported<\/a>.<\/p>\n<p>12 December (Wednesday): Banking and Finance Congress 2018, Cairo, venue TBD.<\/p>\n<p>13-15 December (Thursday-Saturday): <a href=\"http:\/\/www.uabonline.org\/en\/home\/downloadpdf\/conferencesforumsprogramfor2016\">Forum on \u201c The Role of Digital Financial Communication and Solutions in Enhancing Financial Inclusion,\u201d<\/a> Sharm El Sheikh, venue TBD.<\/p>\n<p>14-16 December (Friday-Sunday): <a href=\"https:\/\/www.autotechegypt.com\/en\/home.html\">AutoTech 2018<\/a>, Cairo International Exhibition and Convention Centre, Nasr City, Cairo.<\/p>\n<p>18-19 December (Tuesday-Wednesday): Federation of Egyptian Chambers of Commerce leaders are scheduled to meet with their Saudi counterparts in Aswan to launch a collaboration project to support SME development in Egypt and Saudi Arabia.<\/p>\n<p>19 December (Wednesday): Cairo Economic Court to <a href=\"https:\/\/alborsaanews.com\/2018\/11\/19\/1153476\">rule into an appeal<\/a> by pharma companies<\/p>\n<p>25 December (Tuesday): Western Christmas.<\/p>\n<p>27 December (Thursday): CBE\u2019s Monetary Policy Committee meeting.<\/p>\n<p>January 2019: Flat6Labs will launch their 12th startup accelerator cycle.<\/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>28-29 January 2019 (Wednesday-Thursday): <a href=\"https:\/\/bankingtechnorthafrica.iqpc.ae\/\">Banking Technology North Africa<\/a>, Nile Ritz Carlton Hotel, Cairo, Egypt.<\/p>\n<p>7 February 2019 (Thursday): <a href=\"http:\/\/www.egyptbuildmat.com\/\">Egypt Building Materials Summit<\/a>, Venue TBD, Cairo, Egypt<\/p>\n<p>11-13 February 2019 (Monday-Wednesday): <a href=\"https:\/\/www.egyps.com\/\">Egypt Petroleum Show<\/a>, Egyptian International Exhibition Center, Cairo.<\/p>\n<p>19-20 February 2019 (Tuesday-Wednesday): The <a href=\"https:\/\/www.terrapinn.com\/exhibition\/solar-show-mena\/index.stm\">Solar Show MENA 2019<\/a>, Nile Ritz Carlton Hotel, Cairo, Egypt.<\/p>\n<p>26-28 February 2019 (Tuesday-Thursday): 22nd International Conference on Petroleum Mineral Resources and Development, Egyptian Petroleum Research Institute, Nasr City, Cairo, Egypt.<\/p>\n<p>27-30 March 2019 (Wednesday-Saturday): <a href=\"https:\/\/www.cityscapeegypt.com\/en\/Home.html\">Cityscape Egypt 2019<\/a>, Egypt International Exhibition Center, Nasr City Cairo.<\/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":622154,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-622153","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"06ef13a6-c369-4324-a289-1d951f2129ce","teaser":"","photo_url":"https:\/\/ent.news\/2018\/10\/1096.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>Are state banks propping up the EGP? - 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\/are-state-banks-propping-up-the-egp\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" 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