{"id":622537,"date":"2018-10-04T04:23:40","date_gmt":"2018-10-04T04:23:40","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=622537"},"modified":"2025-12-17T06:59:14","modified_gmt":"2025-12-17T06:59:14","slug":"cbe-is-managing-egp-quite-closely-credit-suisse-claims","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/cbe-is-managing-egp-quite-closely-credit-suisse-claims\/","title":{"rendered":"CBE is managing EGP \u201cquite closely,\u201d Credit Suisse claims"},"content":{"rendered":"<section id=\"622539\" 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=\"622539\">\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\/04\/what-were-tracking-on-4-october-2018\/\">\r\n                            What we\u2019re tracking on 4 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\/04\/what-were-tracking-on-4-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\/04\/what-were-tracking-on-4-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\/04\/what-were-tracking-on-4-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 4 October 2018&url=https:\/\/enterpriseam.com\/egypt\/2018\/10\/04\/what-were-tracking-on-4-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\/04\/what-were-tracking-on-4-october-2018\/&title=What we\u2019re tracking on 4 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+4+October+2018+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F10%2F04%2Fwhat-were-tracking-on-4-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\/04\/what-were-tracking-on-4-october-2018\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622539\" class=\"content-area-description single-story post-622539 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><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong><rant>It\u2019s anyone\u2019s guess whether your business will be open on Sunday. <\/rant><\/strong>Government employees are off on Sunday, 7 October in observance of Armed Forces Day, <a href=\"https:\/\/www.youm7.com\/story\/2018\/10\/3\/%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%84%D9%88%D8%B2%D8%B1%D8%A7%D8%A1-%D9%8A%D8%B5%D8%AF%D8%B1-%D9%82%D8%B1%D8%A7%D8%B1%D8%A7-%D8%A8%D8%A7%D8%B9%D8%AA%D8%A8%D8%A7%D8%B1-%D8%A7%D9%84%D8%A3%D8%AD%D8%AF-7-%D8%A3%D9%83%D8%AA%D9%88%D8%A8%D8%B1-%D8%A5%D8%AC%D8%A7%D8%B2%D8%A9-%D8%B1%D8%B3%D9%85%D9%8A%D8%A9\/3975311\">Youm7<\/a> reports, citing an announcement by Prime Minister Mostafa Madbouly. Armed Forces Day falls on Saturday, 6 October, so Sunday is a replacement day for government employees.<\/p><p>That said, <strong>we have yet to see anything from the central bank or stock exchange <\/strong>suggesting it will be a day off for the private sector.<\/p><p><strong>Now that they\u2019re back from summer vacation, perhaps our elected representatives could pass a law<\/strong> simply stating that as a matter of policy, all holidays that fall on a weekend result in a compensatory day off the following workday. Or that they don\u2019t. Or that \u201cthese holidays work that way, but those holidays don\u2019t \u2014 in perpetuity.\u201d At this point, it\u2019s not about the lost productivity from the \u2018extra\u2019 holidays, but about the lost productivity from managers constantly debating whether (a) Sunday is a holiday and (b) accordingly, whether or not to schedule deliverables \/ meetings \/ whatever that day.<\/p><p><strong>At the risk of being Scrooge: We take too many holidays. <\/strong>Seventeen of them in 2017, when reader Davide C. calculated that only one holiday fell on a Friday or Saturday that was not replaced with a compensatory weekday off. <strong>We have the fifth-highest number of holidays in the world<\/strong>, according to Davide\u2019s research. Italy, which he (correctly) figures is our nearest European sibling (culturally, to say nothing of proximity) observes 12 days off: 11 national holidays and one local holiday unique to each city. But when an Italian national holiday falls on a Saturday or a Sunday? <strong>You just lose the day <\/strong>or receive extra pay, depending on your employer.<\/p><p>What did that mean for 2017 when all was said and done? <strong>Egypt took 17 national holidays \u2014 and Italy an average of 9.4. <\/strong><\/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=\"622542\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      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data-block-id=\"omif748\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-omif748-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-omif748-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240926.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.qalaaholdings.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/110691.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Driving growth<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div 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Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/04\/egypt-to-hit-growth-targets-house-reps-going-to-europe-public-enterprises-seek-reform\/\">\r\n                            Egypt to hit growth targets, House reps. going to Europe, Public Enterprises seek reform                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/04\/egypt-to-hit-growth-targets-house-reps-going-to-europe-public-enterprises-seek-reform\/\" 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href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/04\/egypt-to-hit-growth-targets-house-reps-going-to-europe-public-enterprises-seek-reform\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622543\" class=\"content-area-description single-story post-622543 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 airwaves served up another batch of randomly-assorted topics last night, <\/strong>ranging from Egypt\u2019s economic growth targets, to a parliamentary Eurotrip and the rehabilitation of state-owned companies.<\/p>\n<p><strong>Egypt is expected to hit the economic growth targets set by the World Bank in its most recent report on digital transformation in the region,<\/strong> economics professor Yomn El Hamaky told Al Hayah fi Misr (we have more on that in the Speed Round, below). Egypt\u2019s economy is recovering and on the right track and has a host of opportunities to offer to investors, she said, adding that one thing the government needs to focus its efforts on in the coming period should be an export development strategy (<a href=\"https:\/\/www.youtube.com\/watch?v=VQZvm7E4aOI\">watch, runtime: 7: 47<\/a>).<\/p>\n<p><strong>House reps are planning a Eurotrip? <\/strong>The new head of the House of Representatives\u2019 Human Rights Committee, Alaa Abed, told Masaa DMC that he was planning a tour of European cities soon to meet with various officials to address their concerns over human rights conditions in Egypt and explain what the situation is actually like. Industry Committee chair Farag Amer also told host Osama Kamal that he would be working on a new strategy to spur industrial development (<a href=\"https:\/\/www.youtube.com\/watch?v=EEkdA0mtfSc\">watch, runtime: 16:17<\/a>).<\/p>\n<p>Meanwhile<strong>, the Social Solidarity Committee will be reviewing laws on labor, social welfare, personal status,<\/strong> committee member Mohamed Abo Hamed told Al Hayah fi Masr (<a href=\"https:\/\/www.youtube.com\/watch?v=R_MvaZwOUCo\">watch, runtime: 5:48<\/a>).<\/p>\n<p><strong>Public Enterprises Minister Hisham Tawfik met with German and Italian business delegations yesterday<\/strong>, he told Yahduth fi Masr\u2019s Sherif Amer. The ministry is looking for partners to either consult on or collaborate in the development of state-owned companies, he added noting that talks with the Italian delegation focused mostly on opportunities in spinning and weaving. Tawfik also said that the government is working on steering some 25 companies out of loss territory (<a href=\"https:\/\/www.facebook.com\/YahdothFiMasr\/videos\/483552065481967\/\">watch, runtime: 7:05<\/a>).<\/p>\n<p><strong>Hona Al Asema did not air last night.<\/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\/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=\"622544\" 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=\"622544\">\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\/04\/close-cbe-management-of-the-egp-may-be-a-necessary-thing\/\">\r\n                            Close CBE management of the EGP may be a necessary thing?                        <\/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\/04\/close-cbe-management-of-the-egp-may-be-a-necessary-thing\/\" 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\/04\/close-cbe-management-of-the-egp-may-be-a-necessary-thing\/')\">\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\/04\/close-cbe-management-of-the-egp-may-be-a-necessary-thing\/\">\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=Close CBE management of the EGP may be a necessary thing?&url=https:\/\/enterpriseam.com\/egypt\/2018\/10\/04\/close-cbe-management-of-the-egp-may-be-a-necessary-thing\/\">\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\/04\/close-cbe-management-of-the-egp-may-be-a-necessary-thing\/&title=Close CBE management of the EGP may be a necessary thing?\">\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=Close+CBE+management+of+the+EGP+may+be+a+necessary+thing%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F10%2F04%2Fclose-cbe-management-of-the-egp-may-be-a-necessary-thing%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\/04\/close-cbe-management-of-the-egp-may-be-a-necessary-thing\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622544\" class=\"content-area-description single-story post-622544 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>IN THEIR OWN WORDS- Credit Suisse claims the central bank is \u201cquite closely\u201d managing the EGP. <\/strong>Asked during an appearance yesterday on Bloomberg\u2019s morning show whether high oil prices mean the EGP could come under pressure, Credit Suisse\u2019s head of Middle East research Fahd Iqbal said: \u201c<strong>It must definitely be coming under pressure.<\/strong> We\u2019re seeing that across the emerging markets space. <strong>But it is quite closely managed.<\/strong> There is, I think, a great deal of concern in Egypt that there would be a currency weakness coming around. We feel <strong>the currency would actually be stabilized as we head into year-end<\/strong> because there\u2019s been such a great negative impact [from] devaluation already. We think further devaluation would weigh considerably on the population, which has already suffered from, you know, in some cases a tripling of the cost of basic necessities.<\/p>\n<p><strong>\u201c\u2026Once you have a small devaluation, it really would open the doors for a much more concerted speculative attack against the EGP<\/strong>. If such a small devaluation could occur, there\u2019s obviously more room for more to go through. And it might actually work against the central bank\u2019s best interest if that were to be allowed. So we think it would actually serve Egypt\u2019s interests a lot better to maintain stability and to withstand the impact of further weakness. And given that we have that central bank mechanism, which acts as a buffer, then you already have useful mechanism in place to support the EGP.\u201d <a href=\"https:\/\/www.bloomberg.com\/news\/videos\/2018-10-03\/oil-s-next-key-resistance-level-seen-at-89-credit-suisse-says-video\">Watch for yourself (runtime: 4:01)<\/a>; the Egypt segment starts at about 2:30.<\/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=\"622556\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"622557\" 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=\"622557\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">Up Next<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/04\/what-were-tracking-this-week-and-beyond-64\/\">\r\n                            What we\u2019re tracking this week and beyond                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/04\/what-were-tracking-this-week-and-beyond-64\/\" 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\/04\/what-were-tracking-this-week-and-beyond-64\/')\">\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\/04\/what-were-tracking-this-week-and-beyond-64\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=What we\u2019re tracking this week and beyond&url=https:\/\/enterpriseam.com\/egypt\/2018\/10\/04\/what-were-tracking-this-week-and-beyond-64\/\">\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\/04\/what-were-tracking-this-week-and-beyond-64\/&title=What we\u2019re tracking this week and beyond\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=What+we%E2%80%99re+tracking+this+week+and+beyond+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F10%2F04%2Fwhat-were-tracking-this-week-and-beyond-64%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\/04\/what-were-tracking-this-week-and-beyond-64\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622557\" class=\"content-area-description single-story post-622557 post type-post status-publish format-standard hentry category-up-next tag-enterpriseam tag-up-next wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Melania Trump is coming to Egypt this week<\/strong> as part of a trip to Africa to \u201cpromote child welfare and education.\u201d Melania will reportedly bring up tourism opportunities while in town, the Brookings Institute\u2019s <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-10-02\/melania-trump-visits-africa-drawing-fresh-contrast-with-husband\">Landry Sign\u00e9 said<\/a>. Her visit will also take her to Kenya, Ghana, and Malawi.<\/p>\n<p><strong>Want to build a fintech business in Egypt? <\/strong>Pride Capital is running an event featuring our friend Simon-Kucher Egypt MD Martin Janzen and MENA Startup Bootcamp\u2019s Todd OBrien looking at how to build a successful monetization strategy for a fintech business. Simon-Kucher works with global tech outfits including Paypal, Stripe, Uber and Evernote. The event takes place on Tuesday, 9 October at 5:30pm on the Greek Campus.<\/p>\n<p><strong>The Egypt-Romania business council will meet in Bucharest from 7-11 October, <\/strong><a href=\"http:\/\/www.almalnews.com\/Story\/388484\/14\/%D8%A7%D9%84%D9%85%D8%AC%D9%84%D8%B3-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%89-%D8%A7%D9%84%D8%B1%D9%88%D9%85%D8%A7%D9%86%D9%89-%D9%8A%D9%86%D8%B8%D9%85-%D8%A7%D8%AC%D8%AA%D9%85%D8%A7%D8%B9%D9%8B%D8%A7-%D8%AA%D8%AD%D8%B6%D9%8A%D8%B1%D9%8A%D9%8B%D8%A7-%D9%84%D8%AF%D9%88%D8%B1%D8%AA%D9%87-%D8%A7%D9%84%D8%B3%D8%A7%D8%A8%D8%B9%D8%A9\">according to Al Mal<\/a>.<\/p>\n<p><strong>Expect more news on the energy-hub front<\/strong> when the foreign ministers of Egypt, Cyprus and Greece <a href=\"https:\/\/cyprus-mail.com\/2018\/09\/27\/fms-of-greece-cyprus-ad-egypt-meet-to-prepare-for-new-trilateral\/\">meet in Crete<\/a> on Wednesday, 10 October.<\/p>\n<p><strong>Fourth IMF review scheduled for mid-October:<\/strong> An IMF delegation is due in town mid-October for a review of Egypt\u2019s progress on its reform program ahead of the disbursal of the fifth USD 2 bn tranche of the country\u2019s extended fund facility, Finance Minister Mohamed Maait said. The IMF should complete its review by the following month, Maait said.<\/p>\n<p><strong>President Abdel Fattah El Sisi will fly to Moscow sometime this month, <\/strong>Russian Presidential aide Yury Ushakov said yesterday, <a href=\"https:\/\/www.youm7.com\/story\/2018\/10\/2\/%D9%85%D8%B3%D8%A7%D8%B9%D8%AF-%D8%A7%D9%84%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%84%D8%B1%D9%88%D8%B3%D9%89-%D9%85%D9%88%D8%B3%D9%83%D9%88-%D8%AA%D8%B3%D8%AA%D8%B9%D8%AF-%D9%84%D8%B2%D9%8A%D8%A7%D8%B1%D8%A9-%D8%A7%D9%84%D8%B1%D8%A6%D9%8A%D8%B3-%D8%B9%D8%A8%D8%AF-%D8%A7%D9%84%D9%81%D8%AA%D8%A7%D8%AD-%D8%A7%D9%84%D8%B3%D9%8A%D8%B3%D9%89\/3974224\">Youm7 reports<\/a>. No further details were provided, but Russian Deputy Foreign Minister Mikhail Bogdanov had also said as much last month.<\/p>\n<p><strong>The 2018 Narrative PR Summit<\/strong> will take place at the Four Seasons Nile Plaza on Sunday, 28 October with participants including friends ranging from the World Bank\u2019s Mahmoud Mohieldin to US embassy spokesman Sam Werberg. The event\u2019s <a href=\"http:\/\/narrativesummit.com\/\">website is here<\/a> and its <a href=\"https:\/\/www.facebook.com\/narrativesummit\">Facebook page here<\/a>.<\/p>\n<p><strong>An Egyptian-Sudanese presidential summit is set to take place in Khartoum this month. <\/strong>A ministerial committee was expected to meet at the end of September to prepare for the summit.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/up-next\/\">Up Next<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"622558\" 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=\"622558\">\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\">Image of the Day<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/04\/egyptairs-idea-of-in-flight-entertainment-a-fake-interview-with-drew-barrymore\/\">\r\n                            EgyptAir\u2019s idea of in-flight entertainment? A fake interview with Drew Barrymore                        <\/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\/04\/egyptairs-idea-of-in-flight-entertainment-a-fake-interview-with-drew-barrymore\/\" 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\/04\/egyptairs-idea-of-in-flight-entertainment-a-fake-interview-with-drew-barrymore\/')\">\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\/04\/egyptairs-idea-of-in-flight-entertainment-a-fake-interview-with-drew-barrymore\/\">\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=EgyptAir\u2019s idea of in-flight entertainment? A fake interview with Drew Barrymore&url=https:\/\/enterpriseam.com\/egypt\/2018\/10\/04\/egyptairs-idea-of-in-flight-entertainment-a-fake-interview-with-drew-barrymore\/\">\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\/04\/egyptairs-idea-of-in-flight-entertainment-a-fake-interview-with-drew-barrymore\/&title=EgyptAir\u2019s idea of in-flight entertainment? A fake interview with Drew Barrymore\">\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=EgyptAir%E2%80%99s+idea+of+in-flight+entertainment%3F+A+fake+interview+with+Drew+Barrymore+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F10%2F04%2Fegyptairs-idea-of-in-flight-entertainment-a-fake-interview-with-drew-barrymore%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\/04\/egyptairs-idea-of-in-flight-entertainment-a-fake-interview-with-drew-barrymore\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2018\/10\/470.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"622559\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/04\/egyptairs-idea-of-in-flight-entertainment-a-fake-interview-with-drew-barrymore\/470-jpg-16\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/10\/470.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"470.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/10\/470.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/10\/470.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622558\" class=\"content-area-description single-story post-622558 post type-post status-publish format-standard has-post-thumbnail hentry category-image-of-the-day tag-enterpriseam tag-image-of-the-day wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>EgyptAir\u2019s surreal \u201cinterview\u201d with Drew Barrymore goes viral. <\/strong>National flag carrier EgyptAir ran what <a href=\"https:\/\/variety.com\/2018\/biz\/news\/drew-barrymore-interview-egyptair-1202967157\/\">the Hollywood trade press says is a \u201cfake interview\u201d<\/a> with American actress Drew Barrymore in its in-flight magazine, Horus. The piece, which is all kinds of demeaning, became a viral sensation after political analyst Adam Baron <a href=\"https:\/\/twitter.com\/adammbaron\/status\/1047131624704528384\/photo\/1?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1047131624704528384&ref_url=https%3A%2F%2Fwww.newshub.co.nz%2Fhome%2Ftravel%2F2018%2F10%2Fegypt-air-runs-insane-fake-interview-with-drew-barrymore.html\">posted pictures of it on Twitter<\/a>. The author of the piece, Aida Takla O\u2019Reilly, the former president of the Hollywood Foreign Press Association (HFPA), alleges that Barrymore has daddy issues: \u201cIt is known that Barrymore has had over 17 relationships, engagements and marriages; psychologists believe that her behavior is only natural since she lacked the male role model in her life after her parents\u2019 divorce when she was only 9 years old.\u201d The reporter also criticized Barrymore\u2019s weight, claiming that the actress was \u201cdepressed\u201d until she lost the baby weight from her second pregnancy.<\/p>\n<p><strong>EgyptAir naturally defended itself. <\/strong>The airliner responded <a href=\"https:\/\/twitter.com\/EGYPTAIR\/status\/1047297962634870784?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1047297962634870784&ref_url=https%3A%2F%2Fwww.dailydot.com%2Fupstream%2Fdrew-barrymore-interview-egypt-air%2F\">in a tweet of their own<\/a>, denying allegations that the interview is fake. Yahduth fi Masr\u2019 Sherif Amer also claimed that Horus boss Amal Fawzy also confirmed the interview\u2019s authenticity, even saying it was held on the sidelines of a press conference (<a href=\"https:\/\/www.facebook.com\/YahdothFiMasr\/videos\/403001893569070\/\">watch, runtime: 3:19<\/a>).<\/p>\n<p><strong>Barrymore\u2019s people are \u201cworking with\u201d EgyptAir to set things straight. <\/strong>Per Digg, channeling the Huffington Post: \u201cA spokesperson for Drew Barrymore told HuffPost that Barrymore did not participate in an interview with the magazine and that her representatives are \u2018working with the airline PR team.\u2019\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\/image-of-the-day\/\">IMAGE OF THE DAY<\/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=\"622560\" 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=\"622560\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/04\/another-slow-day-for-egypt-in-the-foreign-press\/\">\r\n                            Another slow day for Egypt in the foreign press                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/04\/another-slow-day-for-egypt-in-the-foreign-press\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2018\/10\/04\/another-slow-day-for-egypt-in-the-foreign-press\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2018\/10\/04\/another-slow-day-for-egypt-in-the-foreign-press\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Another slow day for Egypt in the foreign press&url=https:\/\/enterpriseam.com\/egypt\/2018\/10\/04\/another-slow-day-for-egypt-in-the-foreign-press\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2018\/10\/04\/another-slow-day-for-egypt-in-the-foreign-press\/&title=Another slow day for Egypt in the foreign press\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Another+slow+day+for+Egypt+in+the+foreign+press+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F10%2F04%2Fanother-slow-day-for-egypt-in-the-foreign-press%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/04\/another-slow-day-for-egypt-in-the-foreign-press\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622560\" class=\"content-area-description single-story post-622560 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-egypt-in-the-news tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>It is another quiet morning for Egypt in the international press<\/strong>, with only a few headlines worth a brief moment of your time this morning:<\/p>\n<ul>\n<li><strong>The Benban Solar Developers Association (BSDA) has helped clear logistical and regulatory hurdles<\/strong> for the 1.8 GW Benban solar complex, BSDA member <a href=\"https:\/\/www.pv-magazine.com\/2018\/10\/03\/developers-alliance-helps-bring-egypts-1-8-gw-benban-pv-complex-online\/\">Assem Korayem told PVA magazine in an interview<\/a>.<\/li>\n<li><strong>Egyptian police killed 15 suspected militants in a shootout in northern Sinai <\/strong>where the state has been fighting an affiliate of Daesh, <a href=\"https:\/\/www.nytimes.com\/aponline\/2018\/10\/03\/world\/middleeast\/ap-ml-egypt-sinai.html\">the AP reports<\/a>, citing the Interior Ministry, which did not say when the shootout took place. <\/li>\n<li><strong>Egyptians ordered by the government to vacate their homes for reconstruction projects<\/strong> <strong>should have the right to remain<\/strong>, if they so choose, said UN Special Rapporteur on adequate housing Leilani Farha, <a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL8N1WJ2YS\">according to Reuters<\/a>.<\/li>\n<li><strong>Human Rights Watch <\/strong><a href=\"https:\/\/nl.hideproxy.me\/go.php?u=p1zNoTaZWU7QnB07S2y8gt0AE4%2B25GephbDVrKCmPB9FEjnmJkBBTh6IoRMjCCSKT7ZWS05MPyln3CSEv0o%2Bxy6F3XSB%2F0LIGTQ%2FSwaCmYusJYtQ2f0%3D&b=29&f=norefer\"><strong>issued a statement<\/strong><\/a><strong> claiming that Egypt \u2018forcibly disappeared\u2019 rights lawyer Ezzat Ghonim<\/strong> after a court ordered his release last month.<\/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\/egypt-in-the-news\/\">Egypt in the News<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"622561\" 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=\"622561\">\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\/10\/04\/the-ancient-rulers-of-alexandria-wanted-to-bring-every-book-in-the-world-under-one-roof\/\">\r\n                            The ancient rulers of Alexandria wanted to bring every book in the world under one roof                        <\/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\/04\/the-ancient-rulers-of-alexandria-wanted-to-bring-every-book-in-the-world-under-one-roof\/\" 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\/04\/the-ancient-rulers-of-alexandria-wanted-to-bring-every-book-in-the-world-under-one-roof\/')\">\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\/04\/the-ancient-rulers-of-alexandria-wanted-to-bring-every-book-in-the-world-under-one-roof\/\">\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 ancient rulers of Alexandria wanted to bring every book in the world under one roof&url=https:\/\/enterpriseam.com\/egypt\/2018\/10\/04\/the-ancient-rulers-of-alexandria-wanted-to-bring-every-book-in-the-world-under-one-roof\/\">\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\/04\/the-ancient-rulers-of-alexandria-wanted-to-bring-every-book-in-the-world-under-one-roof\/&title=The ancient rulers of Alexandria wanted to bring every book in the world under one roof\">\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+ancient+rulers+of+Alexandria+wanted+to+bring+every+book+in+the+world+under+one+roof+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F10%2F04%2Fthe-ancient-rulers-of-alexandria-wanted-to-bring-every-book-in-the-world-under-one-roof%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\/04\/the-ancient-rulers-of-alexandria-wanted-to-bring-every-book-in-the-world-under-one-roof\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2018\/10\/1037.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"622562\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/04\/the-ancient-rulers-of-alexandria-wanted-to-bring-every-book-in-the-world-under-one-roof\/1037-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/10\/1037.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1037.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/10\/1037.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/10\/1037.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622561\" class=\"content-area-description single-story post-622561 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-watching tag-enterpriseam tag-worth-watching wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Ancient rulers wanted to bring every book in the world under one roof when they built the Great Library of Alexandria<\/strong> in the 3rd century BC. Over time, the library amassed a vast number of manuscripts, with the city being a hub for commerce and scholars alike. It remained the most significant center for science until its destruction around 500 BC (<a href=\"https:\/\/www.youtube.com\/watch?v=jvWncVbXfJ0\">watch, runtime: 4:52<\/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\/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=\"622563\" 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=\"622563\">\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\/10\/04\/germanys-giz-increases-2019-budget-for-egypt-projects-in-2019-to-eur-45-mn\/\">\r\n                            Germany\u2019s GIZ increases 2019 budget for Egypt projects in 2019 to EUR 45 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\/10\/04\/germanys-giz-increases-2019-budget-for-egypt-projects-in-2019-to-eur-45-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\/10\/04\/germanys-giz-increases-2019-budget-for-egypt-projects-in-2019-to-eur-45-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\/10\/04\/germanys-giz-increases-2019-budget-for-egypt-projects-in-2019-to-eur-45-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=Germany\u2019s GIZ increases 2019 budget for Egypt projects in 2019 to EUR 45 mn&url=https:\/\/enterpriseam.com\/egypt\/2018\/10\/04\/germanys-giz-increases-2019-budget-for-egypt-projects-in-2019-to-eur-45-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\/10\/04\/germanys-giz-increases-2019-budget-for-egypt-projects-in-2019-to-eur-45-mn\/&title=Germany\u2019s GIZ increases 2019 budget for Egypt projects in 2019 to EUR 45 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=Germany%E2%80%99s+GIZ+increases+2019+budget+for+Egypt+projects+in+2019+to+EUR+45+mn+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F10%2F04%2Fgermanys-giz-increases-2019-budget-for-egypt-projects-in-2019-to-eur-45-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\/10\/04\/germanys-giz-increases-2019-budget-for-egypt-projects-in-2019-to-eur-45-mn\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622563\" class=\"content-area-description single-story post-622563 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-diplomacy-foreign-trade tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>GIZ increases investment budget for Egypt projects in 2019 to EUR 45 mn:<\/strong> German development agency GIZ has decided to raise its 2019 investment budget for projects in Egypt 15% to EUR 45 mn, up from EUR 39 mn this year, <a href=\"https:\/\/alborsaanews.com\/2018\/10\/03\/1137885\">said GIZ General Manager Andreas Cook<\/a>. The agency is focusing on supporting water and wastewater projects, as well as agribusiness, according to Cook.<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"622565\" 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=\"622565\">\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\">Real Estate + Housing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/04\/naguib-sawiris-ora-developers-to-complete-projects-worth-usd-2-bn-in-5-years\/\">\r\n                            Naguib Sawiris\u2019 Ora Developers to complete projects worth USD 2 bn in 5 years                        <\/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\/04\/naguib-sawiris-ora-developers-to-complete-projects-worth-usd-2-bn-in-5-years\/\" 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\/04\/naguib-sawiris-ora-developers-to-complete-projects-worth-usd-2-bn-in-5-years\/')\">\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\/04\/naguib-sawiris-ora-developers-to-complete-projects-worth-usd-2-bn-in-5-years\/\">\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=Naguib Sawiris\u2019 Ora Developers to complete projects worth USD 2 bn in 5 years&url=https:\/\/enterpriseam.com\/egypt\/2018\/10\/04\/naguib-sawiris-ora-developers-to-complete-projects-worth-usd-2-bn-in-5-years\/\">\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\/04\/naguib-sawiris-ora-developers-to-complete-projects-worth-usd-2-bn-in-5-years\/&title=Naguib Sawiris\u2019 Ora Developers to complete projects worth USD 2 bn in 5 years\">\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=Naguib+Sawiris%E2%80%99+Ora+Developers+to+complete+projects+worth+USD+2+bn+in+5+years+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F10%2F04%2Fnaguib-sawiris-ora-developers-to-complete-projects-worth-usd-2-bn-in-5-years%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\/04\/naguib-sawiris-ora-developers-to-complete-projects-worth-usd-2-bn-in-5-years\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622565\" class=\"content-area-description single-story post-622565 post type-post status-publish format-standard hentry category-real-estate-housing tag-enterpriseam tag-real-estate-housing 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\/.65060018-a122-4571-a190-b54ec6d6f5c4.mp3\"><\/audio><\/figure>\n<p>Naguib Sawiris\u2019 Gemini Global Development, which has been relaunched and rebranded as Ora Developers, plans to develop USD 2 bn of real estate across the Middle East over the next five years, CEO Haitham Mohamed <a href=\"https:\/\/www.thenational.ae\/business\/property\/egypt-s-sawiris-re-launches-property-unit-with-2bn-build-target-1.776633\">tells the National<\/a>. The rebranded vehicle is meant to consolidate the shares and investments of several companies owned by Sawiris under one brand, <a href=\"https:\/\/www.arabianbusiness.com\/property\/405510-egyptian-billionaire-sawaris-rebrands-property-development-company\">according to Arabian Business<\/a>. \u201cOra Developers\u2019 planned USD 2 bn of projects in the Middle East are likely to include a mix of holiday resorts, residences, villas and marinas built in locations of \u2018natural beauty,\u2019\u201d the company said, without offering further details.<\/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\/real-estate-housing\/\">Real Estate + Housing<\/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=\"622566\" 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=\"622566\">\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\">Tourism<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/04\/lufthansa-adds-100k-seats-to-egypt-market-as-demand-jumps-70\/\">\r\n                            Lufthansa adds 100k seats to Egypt market as demand jumps 70%                        <\/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\/04\/lufthansa-adds-100k-seats-to-egypt-market-as-demand-jumps-70\/\" 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\/04\/lufthansa-adds-100k-seats-to-egypt-market-as-demand-jumps-70\/')\">\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\/04\/lufthansa-adds-100k-seats-to-egypt-market-as-demand-jumps-70\/\">\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=Lufthansa adds 100k seats to Egypt market as demand jumps 70%&url=https:\/\/enterpriseam.com\/egypt\/2018\/10\/04\/lufthansa-adds-100k-seats-to-egypt-market-as-demand-jumps-70\/\">\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\/04\/lufthansa-adds-100k-seats-to-egypt-market-as-demand-jumps-70\/&title=Lufthansa adds 100k seats to Egypt market as demand jumps 70%\">\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=Lufthansa+adds+100k+seats+to+Egypt+market+as+demand+jumps+70%25+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F10%2F04%2Flufthansa-adds-100k-seats-to-egypt-market-as-demand-jumps-70%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\/04\/lufthansa-adds-100k-seats-to-egypt-market-as-demand-jumps-70\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622566\" class=\"content-area-description single-story post-622566 post type-post status-publish format-standard hentry category-tourism tag-enterpriseam tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.5b886ed4-569e-493b-93c4-998947c5d68d.mp3\"><\/audio><\/figure>\n<p>German national carrier Lufthansa added 100k seats to Egypt flights this year to cope with a rise in demand, which jumped by 70% y-o-y, Egypt sales manager <a href=\"https:\/\/alborsaanews.com\/2018\/10\/03\/1137866\">Sadiq Mohamed said<\/a>. Egypt\u2019s tourism industry has been gradually recovering recently from the hit it took in 2011. Tourism receipts recorded a <a href=\"https:\/\/enterprise.press\/stories\/2018\/10\/02\/egypt-current-account-deficit-narrows-by-58-6-bop-nets-usd-12-8-bn\/\">surplus of USD 7.4<\/a> bn this year, up from USD 1.6 bn the previous year, official data showed earlier this week.<\/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\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"622567\" 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=\"622567\">\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\">Automotive + Transportation<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/04\/transport-minister-meets-with-eib-afd-to-discuss-funding-for-transport-projects\/\">\r\n                            Transport Minister meets with EIB, AFD to discuss funding for transport projects                        <\/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\/04\/transport-minister-meets-with-eib-afd-to-discuss-funding-for-transport-projects\/\" 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\/04\/transport-minister-meets-with-eib-afd-to-discuss-funding-for-transport-projects\/')\">\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\/04\/transport-minister-meets-with-eib-afd-to-discuss-funding-for-transport-projects\/\">\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=Transport Minister meets with EIB, AFD to discuss funding for transport projects&url=https:\/\/enterpriseam.com\/egypt\/2018\/10\/04\/transport-minister-meets-with-eib-afd-to-discuss-funding-for-transport-projects\/\">\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\/04\/transport-minister-meets-with-eib-afd-to-discuss-funding-for-transport-projects\/&title=Transport Minister meets with EIB, AFD to discuss funding for transport projects\">\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=Transport+Minister+meets+with+EIB%2C+AFD+to+discuss+funding+for+transport+projects+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F10%2F04%2Ftransport-minister-meets-with-eib-afd-to-discuss-funding-for-transport-projects%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\/04\/transport-minister-meets-with-eib-afd-to-discuss-funding-for-transport-projects\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622567\" class=\"content-area-description single-story post-622567 post type-post status-publish format-standard hentry category-automotive-transportation tag-automotive-transportation 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\/.2edb23f0-9db3-4a94-af9e-a3d80a5ce61e.mp3\"><\/audio><\/figure>\n<p>Transport Minister Hisham Arafat met yesterday with a delegation from the European Investment Bank (EIB) and the French Development Agency (AFD) to discuss additional funding packages for Egypt\u2019s transport projects, <a href=\"https:\/\/almalnews.com\/Story\/392327\/58\/-%D8%A7%D9%84%D9%86%D9%82%D9%84--%D8%AA%D8%A8%D8%AD%D8%AB-%D8%A7%D9%84%D8%AA%D8%B9%D8%A7%D9%88%D9%86-%D9%81%D9%89-%D9%85%D8%AC%D8%A7%D9%84-%D8%A7%D9%84%D8%B3%D9%83%D8%A9-%D8%A7%D9%84%D8%AD%D8%AF%D9%8A%D8%AF-%D9%85%D8%B9--%D8%A7%D9%84%D8%AA%D9%86%D9%85%D9%8A%D8%A9-%D8%A7%D9%84%D9%81%D8%B1%D9%86%D8%B3%D9%8A%D8%A9--\">according to Al Mal<\/a>. The two institutions, along with the European Bank for Reconstruction (EBRD), have already committed to offering <a href=\"https:\/\/enterprise.press\/stories\/2018\/05\/27\/transport-minister-meets-with-eib-to-talk-funding-for-egypts-transport-projects\/\">a EUR 600 mn loan<\/a> for the infrastructure of Cairo Metro Line 1 as well as a separate <a href=\"https:\/\/enterprise.press\/stories\/2018\/02\/25\/infrastructure-watch-european-funding-in-the-pipeline-for-cairo-metro-line-one-dry-ports-desalination-plant-and-alexandria-tram\/\">EUR 237 mn loan<\/a>agreement to finance the Alexandria tram project.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/automotive-transportation\/\">Automotive + Transportation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"622569\" 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=\"622569\">\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\">Other Business News of Note<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/04\/new-valley-signs-mou-with-pdg-to-begin-feasibility-studies-on-new-development-projects-worth-egp-23-bn\/\">\r\n                            New Valley signs MoU with PDG to begin feasibility studies on new development projects worth EGP 23 bn                        <\/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\/04\/new-valley-signs-mou-with-pdg-to-begin-feasibility-studies-on-new-development-projects-worth-egp-23-bn\/\" 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\/04\/new-valley-signs-mou-with-pdg-to-begin-feasibility-studies-on-new-development-projects-worth-egp-23-bn\/')\">\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\/04\/new-valley-signs-mou-with-pdg-to-begin-feasibility-studies-on-new-development-projects-worth-egp-23-bn\/\">\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=New Valley signs MoU with PDG to begin feasibility studies on new development projects worth EGP 23 bn&url=https:\/\/enterpriseam.com\/egypt\/2018\/10\/04\/new-valley-signs-mou-with-pdg-to-begin-feasibility-studies-on-new-development-projects-worth-egp-23-bn\/\">\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\/04\/new-valley-signs-mou-with-pdg-to-begin-feasibility-studies-on-new-development-projects-worth-egp-23-bn\/&title=New Valley signs MoU with PDG to begin feasibility studies on new development projects worth EGP 23 bn\">\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=New+Valley+signs+MoU+with+PDG+to+begin+feasibility+studies+on+new+development+projects+worth+EGP+23+bn+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F10%2F04%2Fnew-valley-signs-mou-with-pdg-to-begin-feasibility-studies-on-new-development-projects-worth-egp-23-bn%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\/04\/new-valley-signs-mou-with-pdg-to-begin-feasibility-studies-on-new-development-projects-worth-egp-23-bn\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622569\" class=\"content-area-description single-story post-622569 post type-post status-publish format-standard hentry category-other-business-news-of-note tag-enterpriseam tag-other-business-news-of-note 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\/.b34fea35-8edd-4376-ba89-68e7f2f347fa.mp3\"><\/audio><\/figure>\n<p>New Valley Governor Mohamed El Zamalot signed an agreement on Tuesday with PDG Group\u2019s local affiliate to begin feasibility studies for a number of new development projects in the area, <a href=\"http:\/\/www.shorouknews.com\/news\/view.aspx?cdate=02102018&id=a1ca1b7d-be21-44a0-877f-051b0f3edfeb\">Al Shorouk reports<\/a>. In addition to building a new sustainable city, the governorate is also hoping to establish as much as 10,000 new residential units, as well as a solar power plant and a cement factory for a total estimated cost of EGP 23 bn. No further details were provided.<\/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\/other-business-news-of-note\/\">Other Business News of Note<\/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=\"622570\" 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=\"622570\">\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\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/04\/flat6labs-raises-seed-capital-to-egp-750k-in-its-11th-cycle\/\">\r\n                            Flat6Labs raises seed capital to EGP 750k in its 11th cycle                        <\/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\/04\/flat6labs-raises-seed-capital-to-egp-750k-in-its-11th-cycle\/\" 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\/04\/flat6labs-raises-seed-capital-to-egp-750k-in-its-11th-cycle\/')\">\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\/04\/flat6labs-raises-seed-capital-to-egp-750k-in-its-11th-cycle\/\">\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=Flat6Labs raises seed capital to EGP 750k in its 11th cycle&url=https:\/\/enterpriseam.com\/egypt\/2018\/10\/04\/flat6labs-raises-seed-capital-to-egp-750k-in-its-11th-cycle\/\">\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\/04\/flat6labs-raises-seed-capital-to-egp-750k-in-its-11th-cycle\/&title=Flat6Labs raises seed capital to EGP 750k in its 11th cycle\">\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=Flat6Labs+raises+seed+capital+to+EGP+750k+in+its+11th+cycle+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F10%2F04%2Fflat6labs-raises-seed-capital-to-egp-750k-in-its-11th-cycle%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\/04\/flat6labs-raises-seed-capital-to-egp-750k-in-its-11th-cycle\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622570\" class=\"content-area-description single-story post-622570 post type-post status-publish format-standard hentry category-on-your-way-out tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Our friends at Flat6Labs are reportedly planning to increase the size of their seed funding packages to EGP 750k per startup from EGP 500k,<\/strong> sources close to the matter <a href=\"https:\/\/alborsaanews.com\/2018\/10\/03\/1138272\">said yesterday<\/a>. The company\u2019s 11th cycle began <a href=\"https:\/\/enterprise.press\/stories\/2018\/09\/27\/incubator-flat6labs-takes-on-eight-startups-in-its-11th-cycle\/\">late last month<\/a> and includes eight new companies.<\/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<section id=\"622572\" 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=\"622572\">\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\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/04\/622572\/\">\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\/04\/622572\/\" 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\/04\/622572\/')\">\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\/04\/622572\/\">\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\/04\/622572\/\">\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\/04\/622572\/&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%2F04%2F622572%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\/04\/622572\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622572\" class=\"content-area-description single-story post-622572 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<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> (Wednesday): 14,313 (-0.5%)<br \/>\n <strong>Turnover:<\/strong> EGP 779 mn (6% above the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: -4.7%<\/p>\n<p><strong>THE MARKET ON WEDNESDAY:<\/strong> The EGX30 index ended Wednesday\u2019s session down 0.5%. CIB, the index heaviest constituent ended down 0.7%. EGX30\u2019s top performing constituents were Qalaa Holdings up 4.0%, Pioneers Holding up 3.8%, and AMOC up 2.3%. Yesterday\u2019s worst performing stocks were Heliopolis Housing down 2.9%, Eastern Company down 2.8%, and TMG Holding down 2.3%. The market turnover was EGP 779 mn, and local investors were the sole net sellers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Long | EGP +5.0 mn<br \/>\n <strong>Regional<\/strong>: Net Long | EGP +66.9 mn<br \/>\n <strong>Domestic<\/strong>: Net Short | EGP -71.9 mn<\/p>\n<p><strong>Retail<\/strong>: 64.8% of total trades | 61.3% of buyers | 68.3% of sellers<br \/>\n <strong>Institutions<\/strong>: 35.2% of total trades | 38.7% of buyers | 31.7% of sellers<\/p>\n<p><strong>Foreign:<\/strong> 18.9% of total | 19.3% of buyers | 18.6% of sellers<br \/>\n <strong>Regional:<\/strong> 7.9% of total | 12.2% of buyers | 3.6% of sellers<br \/>\n <strong>Domestic:<\/strong> 73.2% of total | 68.5% of buyers | 77.8% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 76.19 (+1.28%)<br \/>\n <strong>Brent:<\/strong> USD 85.97 (+1.38%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 3.24 MMBtu, (+2.31%, Nov 2018)<br \/>\n <strong>Gold:<\/strong> USD 1,200.50 \/ troy ounce (-0.54%)<br \n<\/p>\n<p><strong>TASI:<\/strong> 8,008.55 (+0.34%) (YTD: +10.82%)<br \/>\n <strong>ADX:<\/strong> 5,001.33 (+0.15%) (YTD: +13.71%)<br \/>\n <strong>DFM:<\/strong> 2,814.97 (-0.84%) (YTD: -16.47%)<br \/>\n <strong>KSE Premier Market:<\/strong> 5,328.93 (+0.1%)<br \/>\n <strong>QE:<\/strong> 9,889.47 (+0.74%) (YTD: +16.03%)<br \/>\n <strong>MSM:<\/strong> 4,515.67 (-0.43%) (YTD: -11.44%)<br \/>\n <strong>BB: <\/strong>1,330.41 (+0.03%) (YTD: -0.10%)<\/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=\"622573\" 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\/04\/622573\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-622573\" class=\"content-area-description single-story post-622573 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>October (dates TBD): President Abdel Fattah El Sisi to meet Sudanese President Omar Al Bashir in Khartoum.<\/p>\n<p>October (dates TBD): President Abdel Fattah El Sisi to visit Moscow.<\/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>07-11 October (Sunday-Thursday): Egypt-Romania Business Council to meet in Bucharest.<\/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>09-11 October (Tuesday-Thursday) <a href=\"http:\/\/www.irena.org\/events\/2018\/Oct\/Egypt-Renewable-Energy-Conference\">Egypt Renewable Energy Conference<\/a>, Cairo, Egypt.<\/p>\n<p>10 October (Wednesday): Foreign ministers of Egypt, Cyprus, Greece to meet in Crete.<\/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 October (Friday) Egypt plays its third 2019 Africa Cup of Nations qualifier against Swaziland<\/p>\n<p>12-14 October (Friday-Sunday): 2018 annual meetings of the World Bank and International Monetary Fund, Bali, Indonesia.<\/p>\n<p>Mid-October: IMF delegation due in town for its fourth review of Egypt\u2019s economic reform program.<\/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>28 October (Sunday): <a href=\"http:\/\/narrativesummit.com\/\">2018 Narrative PR Summit<\/a>, 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>13-15 December (Thursday-Saturday): <a href=\"http:\/\/www.uabonline.org\/en\/home\/downloadpdf\/conferencesforumsprogramfor2016\">Forum on \u201c The Role of Digital Financial Communication and Solutions in Enhancing Financial Inclusion,\u201d<\/a> Sharm El Sheik, venue TBD.<\/p>\n<p>25 December (Tuesday): Western Christmas.<\/p>\n<p>27 December (Thursday): CBE\u2019s Monetary Policy Committee meeting.<\/p>\n<p>01 January 2019 (Tuesday): New Year's Day, national holiday.<\/p>\n<p>07 January 2019 (Monday): Coptic Christmas.<\/p>\n<p>22-25 January 2019 (Tuesday-Friday): World Economic Forum (WEF) Annual Meeting, Davos-Klosters, Switzerland.<\/p>\n<p>23 January 2019 (Wednesday) 50th Cairo International Book Fair.<\/p>\n<p>25 January 2019 (Friday): Police Day, national holiday.<\/p>\n<p>20-22 April 2019 (Friday-Sunday): Spring meetings of the World Bank and International Monetary Fund, Washington, DC.<\/p>\n<p>25 April 2019 (Thursday): Sinai Liberation day, national holiday.<\/p>\n<p>28 April 2019 (Sunday): Easter Sunday, national holiday.<\/p>\n<p>29 April 2019 (Monday): Easter Monday, national holiday.<\/p>\n<p>01 May 2019 (Wednesday): Labor Day, national holiday.<\/p>\n<p>06 May 2019 (Monday): First day of Ramadan (TBC).<\/p>\n<p>05-06 June 2019 (Wednesday-Thursday): Eid El Fitr (TBC).<\/p>\n<p>10-13 October 2019 (Tuesday-Sunday) Big Industrial Week Arabia 2019, Egypt International Exhibition Center.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":622538,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-622537","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"f9873feb-8bc9-49f8-ba2a-0f17de55c484","teaser":"","photo_url":"https:\/\/ent.news\/2018\/10\/1096.jpg"},"yoast_head":"<!-- This site is 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