{"id":622458,"date":"2018-10-02T04:15:03","date_gmt":"2018-10-02T04:15:03","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=622458"},"modified":"2025-12-17T06:55:49","modified_gmt":"2025-12-17T06:55:49","slug":"the-house-is-back-in-session-today-this-is-everything-you-need-to-know","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/the-house-is-back-in-session-today-this-is-everything-you-need-to-know\/","title":{"rendered":"The House is back in session today. This is everything you need to know."},"content":{"rendered":"<section id=\"622460\" 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=\"622460\">\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\/10\/02\/what-were-tracking-on-2-october-2018\/\">\r\n                            What we\u2019re tracking on 2 October 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\/10\/02\/what-were-tracking-on-2-october-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\/10\/02\/what-were-tracking-on-2-october-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\/10\/02\/what-were-tracking-on-2-october-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=What we\u2019re tracking on 2 October 2018&url=https:\/\/enterpriseam.com\/egypt\/2018\/10\/02\/what-were-tracking-on-2-october-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\/10\/02\/what-were-tracking-on-2-october-2018\/&title=What we\u2019re tracking on 2 October 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+2+October+2018+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F10%2F02%2Fwhat-were-tracking-on-2-october-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\/10\/02\/what-were-tracking-on-2-october-2018\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622460\" class=\"content-area-description single-story post-622460 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-enterpriseam 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>They\u2019re baaaack\u2026<\/strong> The House of Representatives is back in session today at 10am CLT after summer recess, and MPs are facing a packed legislative agenda. <strong>Here\u2019s everything you need to know<\/strong>, in one easy-to-read email.<\/p><p>***<\/p><p><strong>Wait, this isn\u2019t my normal Enterprise? <\/strong>Not quite.<\/p><p><strong>What are you reading? <\/strong>This is a taste of what\u2019s to come with<strong> Enterprise One: Actionable, professional-grade business intelligence on frontier and emerging markets <\/strong>that you can use today to shape your business and investment decisions. Specifically, this is the prototype for Enterprise One: Legislation Watch, wherein the hive mind of Enterprise tracks key pieces of business-relevant regulation and legislation as they wend their way through the system (or become mired in it).<\/p><p><strong>We\u2019ve also included a short Speed Round and talkshow wrap up this morning. <\/strong>Yesterday was dead, news-wise, in Egypt. But there were a few stories worth noting.<\/p><p><strong>You may have questions. <\/strong>We have an old-school FAQ:<\/p><p><strong>What\u2019s Enterprise One? <\/strong>Enterprise One is a paid service coming soon. Imagine what you could do if you had access to all the information we do \u2014 if you were a partner on the inside. Enterprise One offers exclusive, professional-grade insights, data and analysis to help you make decisions today, whether you\u2019re advising clients, running money, coming up with trade ideas, building a business, wondering what\u2019s next in marketing, or leading a team of professionals.<\/p><p><strong>We\u2019re inviting only 100 beta partners to join Enterprise One <\/strong>at this time.Our well-over 60k readers are powerful, plugged-in people. We\u2019re looking for super-users (at home and abroad) who will be open with their feedback on what\u2019s working (and what\u2019s not) as well as ideas and story tips while we build out the service.<\/p><p><strong>I want to become a partner \u2014 how do I pull the trigger? <\/strong>Email <a href=\"mailto:patrick@enterprisemea.com\">patrick@enterprisemea.com<\/a> if you\u2019d like to become one of our 100 early beta partners. We\u2019re serious about that 100 figure \u2014 we are inviting only actively engaged people with whom we can have direct conversations over time about the product, about the economy and about doing business in Egypt. We will be offering wider online sign-up for individuals and block purchases for corporations closer to launch.<\/p><p><strong>What does being an Enterprise One partner get me? <\/strong>We\u2019re building out a series of scoops, explainers, investigations and high-value interviews you won\u2019t find anywhere else. We\u2019ll also be providing Enterprise One partners with early (and often exclusive) access to upcoming Enterprise products including our multiple data trackers, industry news feeds, an expanded calendar (with plenty of new functionality) and lots more. Enterprise One partners will have exclusive access to a family of digital and in-person products that we\u2019ll be rolling out as the service grows.<\/p><p><strong>What\u2019s it gonna cost me? <\/strong>We\u2019re still pricing, but we figure Enterprise One should be worth north of the price of one (very good) cup of coffee every business day.<\/p><p><strong>Wait, you want me to pay? <\/strong>For Enterprise One, yes. But don\u2019t worry \u2014 your current morning read (packed with coverage of business, finance and the economy) will remain available without charge (for now).<\/p><p><strong>Including the talk shows? <\/strong>Yep. No charge for the talk shows, either. (Again: For now.)<\/p><p><strong>Is Enterprise One going to be available in both languages, ya khawaga? <\/strong>Enterprise One is an English-language only product at the moment. We\u2019ll roll-out Arabic-language editions \/ companion products as demand from our readers dictates.<\/p><p><strong>Why are you doing this? <\/strong>Because there are stories every day that we\u2019d love to tell \u2014 but can\u2019t, because we\u2019re constrained by time and resources. Because we have a mn ideas a day for product extensions. Because doing data-based work (our future, as we see it) demands more resources. And because we\u2019re a business: The generosity of our advertisers (<strong>thank you, Pharos, CIB and SODIC<\/strong>) has allowed us for four years now to bring you Enterprise without charge. Enterprise One is the next step in building a profitable, sustainable business.<\/p><p><strong>Speaking of that: Can I sponsor an industry vertical? <\/strong>Yes. Sponsored industry verticals will be made available to our more than 60k readers without charge. Email <a href=\"mailto:patrick@enterprisemea.com\">patrick@enterprisemea.com<\/a> if you want to discuss sponsoring an industry vertical, which will include weekly (possibly more frequent) and monthly content.<\/p><p><strong>I heard you\u2019re hiring? <\/strong>Yes. As part of the build-out of Enterprise One, we\u2019re hiring talented reporters, editors and analysts (of economies and of equities). Email <a href=\"mailto:patrick@enterprisemea.com\">patrick@enterprisemea.com<\/a> if you\u2019re interested, enclosing a really great cover letter.<\/p><p><strong>I have opinions \u2014 who do I yell at? <\/strong>That would be the selfsame <a href=\"mailto:patrick@enterprisemea.com\">patrick@enterprisemea.com<\/a>.<\/p><p><strong>Okay, enough with all of this blather. Gimme the news. <\/strong>Haader.<\/p><p>***<\/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\/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=\"622461\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 .stk-block-carousel__button svg.ugb-custom-icon :is(g, path, rect, polygon, ellipse){fill:#FFFFFF !important;}<\/style>\r\n                <div class=\"stk-block-carousel__content-wrapper\">\r\n                <div class=\"stk-row stk-inner-blocks stk-block-content stk-block-carousel__slider-wrapper stk-content-align stk-a38cfb2-column alignwide\">\r\n                <div class=\"stk-block-carousel__slider\" role=\"list\" data-autoplay=\"4000\" data-label-slide-of=\"Slide %%d of %%d\">\r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-46c5f99\" data-v=\"4\" data-block-id=\"46c5f99\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-46c5f99-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-46c5f99-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\/240922.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.hsbc.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27489.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Opening up a world of opportunity<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-2vnkaxr\" data-v=\"4\" data-block-id=\"2vnkaxr\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-2vnkaxr-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-2vnkaxr-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240923.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/efghldg.com\/en\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27488.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Realize More<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-jftza6h\" data-v=\"4\" data-block-id=\"jftza6h\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-jftza6h-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-jftza6h-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\/240924.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div 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src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240925.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/weareinfinity.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/27483.png?fit=300%2C300&#038;ssl=1\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Powering with nature<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-zb07qw5\" data-v=\"4\" data-block-id=\"zb07qw5\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-zb07qw5-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-zb07qw5-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240926.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.qalaaholdings.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/110691.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Driving growth<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" 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33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg><\/button><\/div><\/div><div class=\"stk-block-carousel__dots\" role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"622462\" 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=\"622462\">\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\/10\/02\/houses-return-cascades-the-airwaves\/\">\r\n                            House\u2019s return cascades the airwaves                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/02\/houses-return-cascades-the-airwaves\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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              <\/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\/10\/02\/houses-return-cascades-the-airwaves\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622462\" class=\"content-area-description single-story post-622462 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-enterprise-last-nights-talk-shows tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The House of Representatives convening for its fourth annual legislative session <\/strong>since it was constituted was the highlight of an otherwise very unexciting evening.<\/p>\n<p><strong>A number of MPs took to the airwaves to discuss their busy fall legislative agenda<\/strong>, which entails amendments to laws including the Criminal Procedures Act, Local Administration Act, and Personal Status Act (we\u2019ve got you covered on all that and more in our Enterprise One: Legislation Watch, below) (<a href=\"https:\/\/www.youtube.com\/watch?v=9dmGUZEflAw\">watch, runtime: 24:18<\/a>).<\/p>\n<p><strong>The Mostakbal Watan Party is planning on introducing draft legislation for the regulation e-commerce,<\/strong> Rep. Atef Nasser told Masaa DMC\u2019s Eman El Hosary (<a href=\"https:\/\/www.youtube.com\/watch?v=S2Tl4Nn1OxY\">watch, runtime: 1:50<\/a>). While the Free Egyptians Party intends to propose bills tackling population growth and illiteracy, Rep. Ayman Aboul Ela also said (<a href=\"https:\/\/www.youtube.com\/watch?v=y2Uy0auiaf4\">watch, runtime: 3:07<\/a>). Rep. Hala Aboul Said of El Mohfzeen party said hopes that the House\u2019s sessions will be televised this term (<a href=\"https:\/\/www.youtube.com\/watch?v=f6ZbLyjBiu4\">watch, runtime: 3:20<\/a>). (Don\u2019t hold your breath on that last bit.)<\/p>\n<p><strong>Online tax return filing was the topic du jour on Hona Al Asema<\/strong>, where the head of the Tax Authority\u2019s research department, Ragah Mahrous, explained that the decision is mandatory for all legal entities and others required to pay the value-added tax. Other citizens will have the option to file tax paperwork until 2020, when everything goes digital (<a href=\"https:\/\/www.youtube.com\/watch?v=Wq3dw_Q9QXU\">watch, runtime: 6:26<\/a>).<\/p>\n<p><strong>Masaa DMC then interviewed engineers working at the Zohr natural gas field<\/strong> (<a href=\"https:\/\/www.youtube.com\/watch?v=YEa9biK73og\">watch, runtime: 45:29<\/a>). The talking heads also all covered the inauguration of first Arab forum for special needs schools, which President Abdel Fattah El Sisi attended yesterday (watch <a href=\"https:\/\/www.youtube.com\/watch?v=qW5w8FaKgS8\">here, runtime: 14:16<\/a>, <a href=\"https:\/\/www.youtube.com\/watch?v=Uf3uF7Enc20\">here, runtime: 2:09<\/a>, and <a href=\"https:\/\/www.youtube.com\/watch?v=ywDSAn-8Slg\">here, runtime: 4:34<\/a>).<\/p>\n<p><strong>A public beating goes viral: <\/strong>Meanwhile, a photo of a 14 year-old girl tied to the back of a rickshaw after an alleged altercation with a stranger went viral on social media yesterday and was picked up by both Hona Al Asema (<a href=\"https:\/\/www.youtube.com\/watch?v=5iXNnO76LLk\">watch, runtime: 11: 15<\/a>) and Masaa DMC (<a href=\"https:\/\/www.youtube.com\/watch?v=Dc-tlTgPKEg\">watch, runtime: 2:40<\/a>). The girl\u2019s lawyer, Ahmed Abdel Salam, phoned in to tell the hosts about the incident, explaining that the man insisted on \u201cpunishing\u201d the girl after she \u201calmost\u201d hit him with a glass bottle she\u2019d been playing with in the street. Abdel Salam that both parties agreed to reconcile before the case was officially referred to prosecution. Rights activist Azza Kamel called on civil society organizations to take action against the abuse to which the girl was subject (<a href=\"https:\/\/www.youtube.com\/watch?v=omILx-sL_wA\">watch, runtime: 5:14<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"622463\" 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=\"622463\">\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\/10\/02\/fund-managers-have-turned-negative-on-egyptian-equities-amid-em-zombie-apocalypse\/\">\r\n                            Fund managers \u201chave turned negative\u201d on Egyptian equities amid EM Zombie Apocalypse                        <\/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\/10\/02\/fund-managers-have-turned-negative-on-egyptian-equities-amid-em-zombie-apocalypse\/\" 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\/10\/02\/fund-managers-have-turned-negative-on-egyptian-equities-amid-em-zombie-apocalypse\/')\">\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\/10\/02\/fund-managers-have-turned-negative-on-egyptian-equities-amid-em-zombie-apocalypse\/\">\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=Fund managers \u201chave turned negative\u201d on Egyptian equities amid EM Zombie Apocalypse&url=https:\/\/enterpriseam.com\/egypt\/2018\/10\/02\/fund-managers-have-turned-negative-on-egyptian-equities-amid-em-zombie-apocalypse\/\">\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\/10\/02\/fund-managers-have-turned-negative-on-egyptian-equities-amid-em-zombie-apocalypse\/&title=Fund managers \u201chave turned negative\u201d on Egyptian equities amid EM Zombie Apocalypse\">\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=Fund+managers+%E2%80%9Chave+turned+negative%E2%80%9D+on+Egyptian+equities+amid+EM+Zombie+Apocalypse+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F10%2F02%2Ffund-managers-have-turned-negative-on-egyptian-equities-amid-em-zombie-apocalypse%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\/10\/02\/fund-managers-have-turned-negative-on-egyptian-equities-amid-em-zombie-apocalypse\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622463\" class=\"content-area-description single-story post-622463 post type-post status-publish format-standard hentry category-speed-round tag-enterpriseam tag-speed-round 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>Fund managers \u201chave turned negative\u201d on Egyptian equities amid the Emerging Markets Zombie Apocalypse<\/strong>, a monthly poll of leading fund managers shows, <a href=\"https:\/\/www.nasdaq.com\/article\/middle-east-funds-less-positive-on-equities-particularly-in-egypt-20180930-00050\">according to Reuters<\/a>. Of the 13 managers polled, 15% said they expect to curb their exposure to Mideast equities within the next three months, while around 8% said they plan on raising them.<\/p>\n<p><strong>One-third of managers see themselves cutting allocations to Egypt: <\/strong>Egypt \u201cis not protected by a currency peg, with 31 percent expecting to cut allocations to Egypt and 8 percent to raise them \u2014 the most negative balance since February 2017.\u201d Egypt will likely see capital outflows as investors\u2019 demand for EGP-denominated bonds is waning, says Global Investment House\u2019s head of regional asset management Bader Ghanim al-Ghanim. Saudi Arabia, Kuwait, and the UAE are somewhat spared from the negative sentiment thanks to their currency pegs to Saudi and Kuwait\u2019s anticipated inclusion in global equity indexes, and to the UAE\u2019s comparative affordability.<\/p>\n<p><strong>The upside for Egypt:<\/strong> We\u2019re \u201cprobably still the best place in the Middle East and North Africa to find bottom-up stories that can deliver 20 to 25 percent earnings growth for a sustainable period,\u201d Al Mal Capital\u2019s Vrajesh Bhandari says. Investors\u2019 bearish sentiment on Egypt\u2019s equities is driven more by the \u201cmacro clouds\u201d than by domestic or corporate fundamentals, he suggests.<\/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\/speed-round\/\">SPEED ROUND<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"622479\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"622480\" 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=\"622480\">\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\">Enterprise One: Legislation Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/02\/the-fourth-legislative-session-of-the-house-of-representatives\/\">\r\n                            The Fourth Legislative Session of the House of Representatives                        <\/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\/10\/02\/the-fourth-legislative-session-of-the-house-of-representatives\/\" 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\/10\/02\/the-fourth-legislative-session-of-the-house-of-representatives\/')\">\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\/10\/02\/the-fourth-legislative-session-of-the-house-of-representatives\/\">\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=The Fourth Legislative Session of the House of Representatives&url=https:\/\/enterpriseam.com\/egypt\/2018\/10\/02\/the-fourth-legislative-session-of-the-house-of-representatives\/\">\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\/10\/02\/the-fourth-legislative-session-of-the-house-of-representatives\/&title=The Fourth Legislative Session of the House of Representatives\">\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=The+Fourth+Legislative+Session+of+the+House+of+Representatives+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F10%2F02%2Fthe-fourth-legislative-session-of-the-house-of-representatives%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\/10\/02\/the-fourth-legislative-session-of-the-house-of-representatives\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/662.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"622481\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/02\/the-fourth-legislative-session-of-the-house-of-representatives\/662-jpg-39\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/662.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"662.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/662.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/662.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622480\" class=\"content-area-description single-story post-622480 post type-post status-publish format-standard has-post-thumbnail hentry category-enterprise-one-legislation-watch tag-enterprise-one-legislation-watch tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.af338853-9388-480e-bf67-76b9f4f57d9a.mp3\"><\/audio><\/figure>\n<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>Welcome to Enterprise One: Legislation Watch<\/strong>, which calls on a tracker we maintain behind the scenes to keep tabs on dozens of pieces of regulation and legislation, from bills on the drawing board to long-awaited executive regulations. The goal: To give you a seven-minute overview of what you can expect out of the House this fall. Our tracker also follows pending regulatory changes and a bunch of other issues, all of which will be available only to our partners who join the Enterprise One program.<\/p>\n<p><strong>This is the House of Reps\u2019 so-called \u201cfourth session\u201d <\/strong>\u2014 with the 2018-19 legislative calendar marking the fourth time the House has convened since its election.<\/p>\n<p><strong>THE ECONOMY<\/strong><\/p>\n<p><strong>Shoring-up the revenue base: <\/strong>The Finance Ministry has moved aggressively since the Madbouly Cabinet was formed to amend a number key laws that impact the tax code, real estate tax, customs and SMEs \u2014 key drivers of revenue for the treasury both current (the first three) and future (small businesses). <strong>Plenty of this is still in the drafting stage<\/strong>, suggesting we\u2019re looking at a busy year ahead for legislators. Other pieces, including the Banking Act and the Trade Ministry\u2019s automotive directive appear stalled (to outsiders), but could roar back to life at any moment.<\/p>\n<p><strong>The easy stuff is done. <\/strong>Floating the EGP, passing an overhauled investment act, the new bankruptcy act \u2014 we\u2019re getting down to brass tacks this session as the government looks to build out a supporting framework for what the Sisi administration calls \u201cthe reform agenda.\u201d<\/p>\n<p><strong>Among the highlights:<\/strong><\/p>\n<p><strong>** Changes to the tax code:<\/strong> Amendments to the tax code will focus on procedures and the slashing of red tape \u2014 Finance Minister Mohamed Maait has given <strong>no sign that he is backing away the policy of tax-rate stability<\/strong> put in place by Amr El Garhy, the well-regarded finance minister under whom Maait served in the Ismail cabinet. The amendments aim to restructure the Tax Authority and make it fundamentally more customer-centric, Finance Minister Mohamed Maait <a href=\"https:\/\/enterprise.press\/stories\/2018\/07\/25\/major-amendments-to-the-tax-code-coming-during-next-legislative-term\/\">had said<\/a>. He had also said that the new policies means to curb tax evasion and corruption through improved transparency and accountability. It will also regulate electronic tax payments, which went into effect this week for companies and which become the law for individuals in 2020.<\/p>\n<p><strong>Taxing e-commerce:<\/strong> The ministry has also developed a tax framework for e-commerce, which it plans to introduce as part of the Income Tax Act, Assistant to the Finance Minister Mohamed Abdel Sattar confirmed in conversation with us earlier this week.<\/p>\n<p><strong>Status: <\/strong>Changes to the tax code are on the fast-track for debate in the House in this legislative cycle. The bill was sent to President Abdel Fattah El Sisi <a href=\"https:\/\/enterprise.press\/stories\/2018\/09\/18\/a-new-comprehensive-tax-code-to-come-into-effect-soon-finmin\/\">earlier this month<\/a> for his signoff.<\/p>\n<p><strong>** Real Estate Tax Act:<\/strong> The Madbouly Cabinet is looking to <a href=\"https:\/\/enterprise.press\/stories\/2018\/08\/12\/real-estate-taxes-gripping-the-nation-these-past-few-weeks\/\">overhaul the tax code\u2019s provisions on the real estate tax<\/a> by devising new formulas that were initially meant to impact businesses and private properties. The ministries of oil and tourism <a href=\"https:\/\/enterprise.press\/stories\/2018\/09\/06\/oil-finance-ministries-agree-on-tax-treatment-of-oil-gas-and-mining-properties\/\">recently signed agreements<\/a> with the Finance Ministry on the calculation of real estate taxes for their respective sectors as part of a broader overhaul of the real estate tax formula, which <a href=\"https:\/\/enterprise.press\/stories\/2018\/09\/20\/the-real-estate-tax-and-its-timing-gets-some-hate-in-el-watan\/\">met with backlash<\/a> \u2014 prompting President Abdel Fattah El Sisi <a href=\"https:\/\/enterprise.press\/stories\/2018\/09\/24\/amendments-to-real-estate-tax-to-exclude-hotels-and-factories\/\">to step in<\/a> and order that no changes be made to the tax treatment of land on which factories and hotels currently stand. The Finance Ministry is, in parallel, stepping-up enforcement as it looks to collect real estate taxes owed by owners of properties used for billboards and mobile-phone towers.<\/p>\n<p><strong>Competing legislation from the House: <\/strong>Unhappy with the proposed changes, some MPs have drafted rival legislation under a new name: <a href=\"https:\/\/enterprise.press\/stories\/2018\/08\/26\/parliaments-housing-committee-drafts-new-pseudonymous-real-estate-tax-law\/\">The Returns Act<\/a>. The legislation would impose taxes on real estate based on size and location and would apply to commercial and residential properties alike. The annual tax would be added to electricity bills once a year; its backers estimate it would reel in around EGP 17 bn per annum<\/p>\n<p><strong>Status: <\/strong>The amendments, which became publicly unpopular over the past couple of months, appear to still be in the drafting phase as the ministry looks to see how much it can push. We anticipate much jockeying between MPs and cabinet as they look to reconcile dueling bills. The one thing on which there appears (for now) to be consensus: <strong>Nobody is (yet) talking about taxing occupied, primary family dwellings<\/strong>.<\/p>\n<p><strong>** Customs Act:<\/strong> The Finance Ministry is planning to introduce a new and more comprehensive Customs Act during the current legislative session. <a href=\"https:\/\/enterprise.press\/stories\/2018\/05\/28\/preferential-white-list-new-tariffs-on-tourism-new-penalties-and-more-in-customs-act\/\">Sources had told us previously that the new legislation includes a host of measures<\/a> that would facilitate the flow of goods through Egypt\u2019s ports, including establishing a <strong>\u201cwhite list\u201d of importers<\/strong> who will benefit from expedited clearance of goods.<\/p>\n<p><strong>Status:<\/strong> The law appears to be in its <a href=\"https:\/\/enterprise.press\/stories\/2018\/09\/26\/eba-prepares-remarks-on-customs-act-to-present-to-house-of-representatives\/\">\u201cnational dialogue\u201d phase<\/a> (Egyptian press-speak for \u201cpublic consultations\u201d) with the House of Representatives having recently received input from business associations, including the Egyptian Businessmen\u2019s Association (EBA) and the Federation of Egyptian Industries.<\/p>\n<p><strong>** The SMEs Act: <\/strong>As the keystone legislation in the state\u2019s drive to bring the informal economy into the fold, the SMEs Act sets out incentives for owners of micro-, small- and medium-sized enterprises to go legit\u2014 effectively services and (subsidized) access to finance in return for paying taxes. Assistant to the Finance Minister Mohamed Abdel Sattar told us yesterday that the law would impose <strong>a 1% flat income tax on all SMEs<\/strong> (with the ministry using the CBE\u2019s definition). <a href=\"https:\/\/enterprise.press\/stories\/2018\/07\/25\/major-amendments-to-the-tax-code-coming-during-next-legislative-term\/\">There was even talk<\/a> of granting them VAT exemptions. The ministry is also hoping to block SMEs that do not register from receiving basic government services unless they register.<\/p>\n<p><strong>Status:<\/strong> Last we heard, the ministry <a href=\"https:\/\/enterprise.press\/stories\/2018\/09\/18\/a-new-comprehensive-tax-code-to-come-into-effect-soon-finmin\/\">was conducting a final review<\/a> of the SMEs Act before sending it to the Madbouly Cabinet for review. The ministry hopes to introduce the act before the end of the year.<\/p>\n<p><strong>** Insurance Act:<\/strong> The law would make the Financial Regulatory Authority (FRA) <a href=\"https:\/\/enterprise.press\/stories\/2018\/04\/03\/fra-stakes-claim-total-claim-to-insurance-sector-in-amendments-to-the-insurance-act\/\">the primary regulator for the sector<\/a>, governing everything from the licensing of insurance companies, to setting best practices and industry standards, and regulating transactions, contracts, and policies. <strong>Compulsory insurance for SMEs<\/strong> is expected to be a key component of the new act, which is also expected to regulate insurance for freelance and seasonal jobs. It is also expected to make insurance cover mandatory for public gatherings and venues (such as malls and concerts).<\/p>\n<p><strong>Status:<\/strong> The board of the FRA is supposed to be currently reviewing the final draft of the act, which will then be put up for \u201cnational dialogue\u201d in October and amended to reflect the views of various industry stakeholders. A final draft <a href=\"https:\/\/enterprise.press\/stories\/2018\/09\/17\/fra-to-complete-insurance-act-draft-this-month-expects-to-send-it-to-cabinet-by-december\/\">will then be presented<\/a> to the Madbouly Cabinet in December.<\/p>\n<p><strong>ALSO IN THE PIPELINE<\/strong> and expected to be introduced in the House this session:<\/p>\n<ul>\n<li><strong>E-payments Act:<\/strong> The CBE-quarterbacked bill <a href=\"https:\/\/enterprise.press\/stories\/2018\/09\/18\/finmin-to-issue-global-tender-for-company-to-implement-new-electronic-billing-system-once-e-payments-act-is-passed\/\">is a pre-requisite<\/a> for enacting the finance ministry's nationwide billing and payments systems. <\/li>\n<li><strong>A resurrected wealth tax? <\/strong>Prior to the summer recess, a number of House MPs <a href=\"https:\/\/enterprise.press\/stories\/2018\/07\/29\/parliament-just-wont-let-the-idea-of-a-wealth-tax-die\/\">said they would push<\/a> an amendment to the tax code that would create a wealth tax. Others have argued in favor not of a classical wealth tax, but of bumping up the maximum tax rate for the top income earners. Expect a tussle with the government, which has said it does not plan to change tax rates this year.<\/li>\n<li><strong>Public Enterprises Act: <\/strong>The Public Enterprises Ministry <a href=\"https:\/\/enterprise.press\/stories\/2018\/08\/07\/govt-to-allow-private-sector-to-own-just-under-50-of-a-public-sector-holding-companies\/\">has finished drafting<\/a> amendments to the Public Enterprises Act that would allow private-sector companies to own stakes of just under 50% in the ministry\u2019s holding companies. The draft amendments have been sent to the Madbouly Cabinet.<\/li>\n<li><strong>Unified Tourism Act: <\/strong>A new comprehensive law that would govern the tourism sector, which will include regulations on licensing, oversight, and quality control. The law is expected to be introduced this legislative session.<\/li>\n<li><strong>Unified Building Codes:<\/strong> The law, <a href=\"https:\/\/enterprise.press\/stories\/2018\/04\/23\/debate-on-2018-19-budget-resumes\/\">which is currently before<\/a> by the House Housing Committee, focuses on facilitating the process of issuing building permits by cutting down the time for obtaining a license to 30 days and allowing some engineering consultancy offices to issue them. It also tightens safety codes.<\/li>\n<li><strong>Public Finances Act: <\/strong>The law would impact how the budget is drafted. That is all we know of the law, except that the Finance Ministry plans to introduce it in the current legislative session.<\/li>\n<\/ul>\n<p><strong>In limbo: <\/strong>There are a number of laws out there currently languishing in legislative limbo, and we have no clue whether these important laws will see the light of day this legislative cycle:<\/p>\n<p><strong>Banking Act:<\/strong> The law, <a href=\"https:\/\/enterprise.press\/stories\/2018\/05\/07\/cbe-looks-to-expand-oversight-of-bank-management-boards\/\">which grants<\/a> the CBE greater oversight of the banking sector and strengthens corporate governance regulations, will reportedly only make its way to the Madbouly Cabinet for review some time in <a href=\"https:\/\/enterprise.press\/stories\/2018\/07\/11\/revised-banking-act-wont-be-ready-for-public-debate-before-4q2018\/\">4Q2018<\/a>. A leaked draft of the bill was very controversial within the banking community, proposing as it did both (a) a tithe on bank profits for a government-run industry development fund and (b) term limits for bank managing directors. The central bank has since walked back the notion of a tithe on profits.<\/p>\n<p><strong>Automotive directive:<\/strong> Car assemblers hoped that this law, which initially was supposed to grant incentives to assemblers to move up the value chain to manufacturing, would be ready before customs on imported EU-vehicles fell to zero on 1 January 2019. With the review of the act \u2014 which drastically changes the incentives structure \u2014 it still unclear when this will be ready. Minister Amr Nassar <a href=\"https:\/\/enterprise.press\/stories\/2018\/08\/13\/govt-to-have-automotive-directive-ready-by-the-fall\/\">promised that the law would be ready<\/a> for the House in October.<\/p>\n<p><strong>Antitrust act: <\/strong>The Egyptian Competition Authority is looking to expand its powers under amendments to this act, which will include oversight and approval on mergers and acquisitions worth more than EGP 100 mn. <a href=\"https:\/\/enterprise.press\/stories\/2018\/09\/19\/eca-probing-transportation-industry-seeks-expanded-powers\/\">It is still unknown where the law stands<\/a>.<\/p>\n<p><strong>Labor Act: <\/strong>This law had been one of the most difficult to get passed, and had been moldering with the House of Representatives since last year. The law, which establish specialized courts to deal with labor-related cases, <a href=\"https:\/\/enterprise.press\/stories\/2018\/08\/14\/house-to-look-at-family-planning-in-the-next-house-session\/\">is currently being reviewed<\/a> by the House Labor Committee with an eye to introducing amendments which would impact maternity leave and working hours for women.<\/p>\n<p><strong>Water Act: <\/strong><a href=\"https:\/\/enterprise.press\/stories\/2018\/06\/07\/the-water-act-will-likely-be-approved-by-parliament-in-its-next-legislative-session\/\">The law would regulate<\/a> how water is distributed and who has the right to use it, as well as set new penalties for wasting it and new regulations for Egypt\u2019s sewage systems.<\/p>\n<p><strong>SOCIAL \/ POLITICAL STUFF<\/strong><\/p>\n<p><strong>** Local Administration Act:<\/strong> The long-awaited law would set the stage for local council and municipal elections in Egypt. The law also stipulates that governors and their deputies resign from their posts at the beginning of a new presidential term. The law, which in theory aims to devolve power to local governments and organize district elections, has faced delays at nearly every step of the way. Government-appointed officials have been running local affairs since a court dissolved municipal councils in 2011. Municipal elections were last held in 2008. Former House majority leader Mohamed Elsewedy <a href=\"https:\/\/enterprise.press\/stories\/2018\/05\/08\/local-administration-act-will-see-the-light-soon-municipal-elections-will-be-held-before-years-end\/\">had previously said the act<\/a>would take 3-5 years to implement once passed, while Parliamentary spokesperson Salah Hassaballah had said that the elections would likely be held in 1H2019.<\/p>\n<p><strong>Status:<\/strong> The Local Administration Act will be a top priority for the House of Representatives during its fourth legislative session, Hassaballah <a href=\"https:\/\/enterprise.press\/stories\/2018\/08\/01\/local-administration-act-will-be-a-top-priority-for-the-house-during-its-fourth-legislative-session\/\">said in August<\/a>. The legislation is pending national dialogue before being put to a vote in parliament, he added.<\/p>\n<p><strong>** Social Welfare Act: <\/strong>The Finance Ministry has communicated very little to the public about this bill <a href=\"https:\/\/enterprise.press\/stories\/2018\/06\/05\/draft-social-welfare-act-with-finance-ministry-for-review\/\">except to say<\/a> that it will be introduced in the current legislative cycle. We had also heard that the law will amend the social welfare and pensions systems, guarantee the right to unemployment benefits, and establish a new pension fund.<\/p>\n<p><strong>Status: <\/strong>The law was with the ministry for review as of last June.<\/p>\n<p><strong>** Criminal Procedures Act:<\/strong> The law would introduce new avenues of mediation outside the court system, including for murder cases; enforce new regulations for pretrial detention; regulate no-fly and airport arrival watch lists; and address witness protection, among other issues.<\/p>\n<p><strong>Status: <\/strong>The law is among the House\u2019s top priorities in the fourth legislative session, according to the House spokesperson. It had been introduced to the House General Assembly <a href=\"https:\/\/enterprise.press\/stories\/2018\/04\/12\/house-of-representatives-to-discuss-criminal-procedures-act-by-months-end\/\">prior to the summer recess<\/a>, but a vote was not taken place.<\/p>\n<p><strong>** Family Planning Act: <\/strong>The House Health Committee-drafted law would set incentives for those willing to cap their reproduction at two children. The law would not work in the vein of China\u2019s two-child policy, as it would not punish families with more than two children. The law already has support from some 60 House representatives, Committee Chair Mohamed El Emary <a href=\"https:\/\/enterprise.press\/stories\/2018\/08\/14\/house-to-look-at-family-planning-in-the-next-house-session\/\">had said in August<\/a>.<\/p>\n<p><strong>Status:<\/strong> El Emary said the law would be voted on this session, with parliamentary hearings and a national dialogue coming prior to the vote.<\/p>\n<p><strong>** Data Protection Act: <\/strong>Under the 51-article bill, only companies with permits to share user data will be allowed to do so, with the condition being that they obtain users\u2019 prior approval. The law will also allow users the right to take legal action against data breaches and misuse of private information. It will also set fines of up to EGP 5 mn for violations as well as prison sentences of up to three months, based on the severity of the crime. The Information Technology Industry Development Agency (ITIDA) will be the sole authority responsible for implementing the new law.<\/p>\n<p><strong>Status:<\/strong> The bill is expected to be introduced in the opening months of the legislative session, <a href=\"https:\/\/enterprise.press\/stories\/2018\/07\/05\/council-of-states-legislative-division-signs-off-on-draft-legislation-establishing-sovereign-wealth-fund\/\">according to<\/a>Mohamed Hegazy, the head of the ICT Ministry\u2019s legislative committee.<\/p>\n<p><strong>** Personal status act:<\/strong> The government introduced amendments to the law during the third legislative cycle that cover matters of marriage, death, inheritance, and child custody.<\/p>\n<p><strong>Status: <\/strong>The legislative committee at the House <a href=\"https:\/\/enterprise.press\/stories\/2017\/01\/18\/house-signs-off-on-protest-law-amendments-proposed-amendments-to-personal-status-law\/\">had approved the government\u2019s amendments<\/a>, and it is expected to be deliberated in the general assembly this 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\/enterprise-one-legislation-watch\/\">Enterprise One: Legislation Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"622482\" 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=\"622482\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/02\/622482\/\">\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\/10\/02\/622482\/\" 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\/10\/02\/622482\/')\">\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\/10\/02\/622482\/\">\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\/10\/02\/622482\/\">\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\/10\/02\/622482\/&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%2F10%2F02%2F622482%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\/10\/02\/622482\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622482\" class=\"content-area-description single-story post-622482 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 17.85 | Sell 17.95<\/p>\n<p><strong>EGP \/ USD at CIB:<\/strong> Buy 17.86 | Sell 17.96<br \/>\n <strong>EGP \/ USD at NBE: <\/strong>Buy 17.78 | Sell 17.88<\/p>\n<p><strong>EGX30<\/strong> (Monday): 14,447 (-1.2%)<br \/>\n <strong>Turnover:<\/strong> EGP 946 mn (26% above the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: -3.8%<\/p>\n<p><strong>THE MARKET ON MONDAY:<\/strong> The EGX30 index ended Monday\u2019s session down 1.2%. CIB, the index heaviest constituent ended up 0.1%. EGX30\u2019s top performing constituents were Abu Qir Fertilizers up 0.4%, Telecom Egypt up 0.3%, and QNB Al Ahli up 0.2%. Yesterday\u2019s worst performing stocks were AMOC down 6.5%, Juhayna down 3.8%, and Emaar Misr down 3.7%. The market turnover was EGP946 mn, and foreign investors were the sole net buyers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Long | EGP +90.8 mn<br \/>\n <strong>Regional<\/strong>: Net Short | EGP -71.6 mn<br \/>\n <strong>Domestic<\/strong>: Net Short | EGP -19.2 mn<\/p>\n<p><strong>Retail<\/strong>: 42.3% of total trades | 38.3% of buyers | 46.2% of sellers<br \/>\n <strong>Institutions<\/strong>: 57.7% of total trades | 61.7% of buyers | 53.8% of sellers<\/p>\n<p><strong>Foreign:<\/strong> 34.9% of total | 39.7% of buyers | 30.1% of sellers<br \/>\n <strong>Regional:<\/strong> 14.7% of total | 11.0% of buyers | 18.5% of sellers<br \/>\n <strong>Domestic:<\/strong> 50.4% of total | 49.3% of buyers | 51.4% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 75.54 (+3.13%)<br \/>\n <strong>Brent:<\/strong> USD 85.17 (+2.95%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 3.10 MMBtu, (+3.19%, Nov 2018)<br \/>\n <strong>Gold:<\/strong> USD 1,193.40 \/ troy ounce (-0.23%)<\/p>\n<p><strong>TASI:<\/strong> 8,038.07 (+0.48%) (YTD: +11.23%)<br \/>\n <strong>ADX:<\/strong> 4,979.58 (+0.90%) (YTD: +13.21%)<br \/>\n <strong>DFM:<\/strong> 2,849.56 (+0.52%) (YTD: -15.45%)<br \/>\n <strong>KSE Premier Market:<\/strong> 5,329.48 (-0.27%)<br \/>\n <strong>QE:<\/strong> 9,790.20 (-0.24%) (YTD: +14.86%)<br \/>\n <strong>MSM:<\/strong> 4,538.08 (-0.12%) (YTD: -11.01%)<br \/>\n <strong>BB: <\/strong>1,335.06 (-0.26%) (YTD: +0.25%)<\/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=\"622483\" 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\/10\/02\/622483\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622483\" class=\"content-area-description single-story post-622483 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>October: The Madbouly cabinet has until the end of the month to come up with a plan for \u201cthe development and restructuring\u201d of public companies under a directive from President Abdel Fattah El Sisi.<\/p>\n<p>01 October (Monday): First day of trading on shares in CIRA\u2019s IPO.<\/p>\n<p>02 October (Tuesday): House of Representatives due back in session for its fourth term.<\/p>\n<p>03 October (Wednesday): Egypt\u2019s Emirates NBD PMI for September released.<\/p>\n<p>03-10 October (Wednesday-Wednesday): Subscription period for Sarwa Capital\u2019s IPO.<\/p>\n<p>06 October (Saturday): Armed Forces Day, national holiday.<\/p>\n<p>09 October (Tuesday): <a href=\"https:\/\/www.eventbrite.com\/e\/monetizing-innovation-tickets-50740183254\">Monetizing Innovation: How to build a smart fintech business model<\/a>, The GREEK CAMPUS, Room 109, Cairo.<\/p>\n<p>Second week of October: NI Capital expected to select winning bid in its tender for the management of Alexandria Containers & Cargo Handling\u2019s stake sale.<\/p>\n<p>12-14 October (Friday-Sunday): 2018 annual meetings of the World Bank and International Monetary Fund, Bali, Indonesia.<\/p>\n<p>23 October (Tuesday): First Conference on Sukuk (Sharia-compliant bonds), Cairo.<\/p>\n<p>23-24 October (Tuesday-Wednesday): Intelligent Cities Exhibition & Conference 2018, Fairmont Towers Heliopolis, Cairo.<\/p>\n<p>24-25 October (Wednesday- Thursday) 9th Arab-German Energy Forum, Cairo, Egypt.<\/p>\n<p>25-27 October (Thursday-Saturday): 57th ACI World Congress & 43rd ICA Annual Conference 2018, Four Seasons Nile Plaza, Cairo.<\/p>\n<p>03-06 November (Saturday-Tuesday): <a href=\"https:\/\/wyfegypt.com\/\">World Youth Forum 2018<\/a>, Maritim Jolie Ville Golf Course, Sharm El Sheikh, Egypt.<\/p>\n<p>05 November (Monday): Egypt\u2019s Emirates NBD PMI for October released.<\/p>\n<p>05-07 November (Monday-Wednesday): World Travel Market London exhibition, London, England, UK.<\/p>\n<p>06-07 November (Tuesday-Wednesday): <a href=\"https:\/\/www.iif.com\/events\/iif-event\/2018-iif-mena-financial-summit\">2018 IIF MENA Financial Summit<\/a>, Al Maryah Island, Abu Dhabi, United Arab Emirates<\/p>\n<p>15 November (Thursday): CBE\u2019s Monetary Policy Committee meeting.<\/p>\n<p>20 November (Tuesday): Prophet's Birthday (TBC), national holiday.<\/p>\n<p>22 November (Thursday): US Thanksgiving.<\/p>\n<p>25-28 November (Sunday-Wednesday): 22nd Cairo ICT, Cairo Convention Center, Nasr City, Cairo.<\/p>\n<p>03-05 December (Monday-Wednesday): First Egypt Defense Expo, Egyptian International Exhibition Center, Cairo.<\/p>\n<p>04 December (Tuesday): Egypt\u2019s Emirates NBD PMI for November released.<\/p>\n<p>08-09 December (Saturday-Sunday): Business for Africa and the World: The Africa 2018 Forum, Maritim Jolie Ville International Congress Center, Sharm El Sheikh.<\/p>\n<p>12 December (Wednesday): Banking and Finance Congress 2018, Cairo, venue TBD.<\/p>\n<p>25 December (Tuesday): Western Christmas.<\/p>\n<p>27 December (Thursday): CBE\u2019s Monetary Policy Committee meeting.<\/p>\n<p>01 January 2019 (Tuesday): New Year's Day, national holiday.<\/p>\n<p>07 January 2019 (Monday): Coptic Christmas.<\/p>\n<p>22-25 January 2019 (Tuesday-Friday): World Economic Forum (WEF) Annual Meeting, Davos-Klosters, Switzerland.<\/p>\n<p>23 January 2019 (Wednesday) 50th Cairo International Book Fair.<\/p>\n<p>25 January 2019 (Friday): Police Day, national holiday.<\/p>\n<p>20-22 April 2019 (Friday-Sunday): Spring meetings of the World Bank and International Monetary Fund, Washington, DC.<\/p>\n<p>25 April 2019 (Thursday): Sinai Liberation day, national holiday.<\/p>\n<p>28 April 2019 (Sunday): Easter Sunday, national holiday.<\/p>\n<p>29 April 2019 (Monday): Easter Monday, national holiday.<\/p>\n<p>01 May 2019 (Wednesday): Labor Day, national holiday.<\/p>\n<p>06 May 2019 (Monday): First day of Ramadan (TBC).<\/p>\n<p>05-06 June 2019 (Wednesday-Thursday): Eid El Fitr (TBC).<\/p>\n<p>10-13 October 2019 (Tuesday-Sunday) Big Industrial Week Arabia 2019, Egypt International Exhibition Center.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":622459,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-622458","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"202048e8-357c-41ad-8c7b-dae545f95bb1","teaser":"","photo_url":"https:\/\/ent.news\/2016\/1\/54.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>The House is back in session today. 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