{"id":623260,"date":"2018-10-25T04:15:24","date_gmt":"2018-10-25T04:15:24","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=623260"},"modified":"2025-12-17T07:26:02","modified_gmt":"2025-12-17T07:26:02","slug":"egyptian-competition-authority-warns-of-egp-500-mn-fines-each-for-uber-careem-if-they-go-ahead-with-merger","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/egyptian-competition-authority-warns-of-egp-500-mn-fines-each-for-uber-careem-if-they-go-ahead-with-merger\/","title":{"rendered":"Egyptian competition authority warns of EGP 500 mn fines each for Uber, Careem if they go ahead with merger"},"content":{"rendered":"<section id=\"623262\" 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=\"623262\">\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\/25\/egyptian-exchange-slumps-as-global-share-selloff-sees-us-markets-erase-the-years-gains\/\">\r\n                            Egyptian Exchange slumps as global share selloff sees US markets erase the year\u2019s gains                        <\/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 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data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/10\/2261.png?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2261.png\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/10\/2261.png?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/10\/2261.png?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-623262\" class=\"content-area-description single-story post-623262 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-capital-markets tag-economy tag-egx tag-emerging-markets 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-04\"><\/a> ** #4 <strong>We look set to end the week on a reasonably quiet note here at home \u2014 the EGX excepted. <\/strong>The benchmark EGX30 shed nearly 2.5% yesterday on moderate turnover, bringing its year-to-date return to -11.8%. Wednesday\u2019s performance came as a global share sell-off sent the Nasdaq into correction territory (it\u2019s down 12% from its September peak) and saw both the Dow and the S&amp;P 500 <a href=\"https:\/\/www.cnbc.com\/2018\/10\/24\/dow-poised-for-triple-digit-losses-at-the-open-after-tuesdays-500-point-recovery.html\">wipe out their gains for the year<\/a>. A sell-off in tech shares led the decline, the <a href=\"https:\/\/www.ft.com\/content\/c9fc7e26-d7c3-11e8-a854-33d6f82e62f8\">Financial Times<\/a> notes.<\/p><p><strong>Asian shares are also down sharply this morning<\/strong>, with <a href=\"https:\/\/www.bloomberg.com\/markets\/stocks\/world-indexes\/asia-pacific\">major indexes<\/a> in China, Japan, South Korea and Australia slumping 2-4% at dispatch time (see <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-10-24\/stocks-rout-to-envelop-asia-as-treasuries-rally-markets-wrap?srnd=premium-middle-east\">Bloomberg<\/a> for color on Asian markets).<\/p><p><strong>What\u2019s going on? <\/strong>The nearly decade-long bull market took it on the chin yesterday as investors freaked out about everything under the sun. The <a href=\"https:\/\/www.ft.com\/content\/c5fc7f78-d701-11e8-ab8e-6be0dcf18713\">Financial Times<\/a>, the <a href=\"https:\/\/www.wsj.com\/articles\/european-stocks-rise-after-volatile-day-on-wall-street-1540367863\">Wall Street Journal<\/a>, <a href=\"https:\/\/www.bloomberg.com\/opinion\/articles\/2018-10-23\/stock-market-selloff-a-preview-of-what-s-to-come\">Bloomberg<\/a>, <a href=\"https:\/\/www.reuters.com\/article\/us-usa-fed-selloff-analysis\/for-fed-sell-off-could-point-to-fading-trump-stimulus-idUSKCN1MX32L\">Reuters<\/a> and the <a href=\"https:\/\/www.nytimes.com\/2018\/10\/24\/business\/stock-market-today.html\">New York Times<\/a> all cite combinations of some or all of the following:<\/p><ul>\n<li>The poor outlook on global growth outlook;<\/li>\n<li>The health of the Chinese and Italian economies;<\/li>\n<li>The prospect that earnings growth in the US has peaked;<\/li>\n<li>How trade tensions (thanks, Donald) will impact economies large and small;<\/li>\n<li>Rising interest rates in the United States;<\/li>\n<li>The political drama that is the ongoing US midterm elections;<\/li>\n<li>A faster-than-expected fading of the so-called Trump stimulus of tax cuts and government spending.<\/li>\n<\/ul><p><strong>Oh, and like a golden retriever watching a tennis match, oil fell 1% yesterday<\/strong>, with Brent crude closing the day at USD 75.42 under \u201cextreme selling pressure ... as the steep selloff across stock markets fueled fears over a possible drop in oil demand growth,\u201d <a href=\"https:\/\/www.reuters.com\/article\/us-global-oil\/oil-prices-fall-one-percent-amid-global-stock-market-slump-idUSKCN1MZ03H?il=0\">Reuters<\/a> quotes an analyst as saying.<\/p><p><a href=\"https:\/\/www.reuters.com\/article\/us-global-markets-bears\/how-bears-are-taking-over-world-stock-markets-idUSKCN1MY2EC\"><strong>It\u2019s starting to look rather bearish out there, folks:<\/strong><\/a><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/emerging-markets\/\">emerging markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"623265\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 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class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"623266\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/a-pleasantly-quiet-night-on-the-airwaves\/\">\r\n                            A pleasantly quiet night on the airwaves                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" 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href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/a-pleasantly-quiet-night-on-the-airwaves\/\">\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=A pleasantly quiet night on the airwaves&url=https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/a-pleasantly-quiet-night-on-the-airwaves\/\">\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\/25\/a-pleasantly-quiet-night-on-the-airwaves\/&title=A pleasantly quiet night on the airwaves\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=A+pleasantly+quiet+night+on+the+airwaves+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F10%2F25%2Fa-pleasantly-quiet-night-on-the-airwaves%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/a-pleasantly-quiet-night-on-the-airwaves\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-623266\" class=\"content-area-description single-story post-623266 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-enterprise-last-nights-talk-shows tag-enterpriseam tag-palestine tag-talk-shows tag-tourism tag-umrah wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>It was an pleasantly quiet night on the airwaves<\/strong> with both Hona Al Asema and Al Hayah Al Youm off for the evening.<\/p>\n<p><strong>The Tourism Ministry has lifted restrictions on umrah and will be accepting year-round applications,<\/strong> the head of the ministry\u2019s religious tourism committee Hisham Amin told Sherif Amer on Yahdoth fi Masr(<a href=\"https:\/\/www.facebook.com\/YahdothFiMasr\/videos\/350460985711052\/\">watch, runtime: 2:03<\/a>). The government had previously allowed Egyptians to travel for umrah on only three months of the hijri year, which tend to be in the high season. The decision means to spread out the demand for umrah and potentially force tour operators and organizers to reduce their prices, House Rep. Amr Sedky also said (<a href=\"https:\/\/www.facebook.com\/YahdothFiMasr\/videos\/542977472829361\/\">watch, runtime: 3:11<\/a>).<\/p>\n<p><strong>A confrontation between Coptic priests and Israeli forces in Jerusalem drew the talking heads\u2019 ire last night. <\/strong>The monks were <a href=\"https:\/\/www.nytimes.com\/aponline\/2018\/10\/24\/world\/middleeast\/ap-ml-israel-egypt.html\">standing outside the Church<\/a> of the Holy Sepulcher in Jerusalem to protest renovation work that Israel\u2019s Antiquities Authority began carrying out on the St. Michael the Archangel Chapel. The Coptic churches of Egypt and Ethiopia lay claim to the chapel. Masaa DMC and Yahdoth fi Masr both had coverage (<a href=\"https:\/\/www.facebook.com\/YahdothFiMasr\/videos\/440845239774358\/\">watch here, runtime: 2:21<\/a> and <a href=\"https:\/\/www.youtube.com\/watch?v=FqyR1ndva3w\">here, runtime: 6:58<\/a>).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-last-nights-talk-shows\/\">Enterprise+: Last Night\u2019s Talk Shows<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/palestine\/\">Palestine<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/talk-shows\/\">talk shows<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/umrah\/\">umrah<\/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=\"623267\" 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=\"623267\">\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\/25\/egypt-competition-watchdog-warns-uber-and-careem-of-fines-up-to-egp-500-mn-each-in-case-of-merger\/\">\r\n                            Egypt competition watchdog warns Uber and Careem of fines up to EGP 500 mn each in case of merger                        <\/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\/25\/egypt-competition-watchdog-warns-uber-and-careem-of-fines-up-to-egp-500-mn-each-in-case-of-merger\/\" 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\/25\/egypt-competition-watchdog-warns-uber-and-careem-of-fines-up-to-egp-500-mn-each-in-case-of-merger\/')\">\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\/25\/egypt-competition-watchdog-warns-uber-and-careem-of-fines-up-to-egp-500-mn-each-in-case-of-merger\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt competition watchdog warns Uber and Careem of fines up to EGP 500 mn each in case of merger&url=https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/egypt-competition-watchdog-warns-uber-and-careem-of-fines-up-to-egp-500-mn-each-in-case-of-merger\/\">\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\/25\/egypt-competition-watchdog-warns-uber-and-careem-of-fines-up-to-egp-500-mn-each-in-case-of-merger\/&title=Egypt competition watchdog warns Uber and Careem of fines up to EGP 500 mn each in case of merger\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+competition+watchdog+warns+Uber+and+Careem+of+fines+up+to+EGP+500+mn+each+in+case+of+merger+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F10%2F25%2Fegypt-competition-watchdog-warns-uber-and-careem-of-fines-up-to-egp-500-mn-each-in-case-of-merger%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\/25\/egypt-competition-watchdog-warns-uber-and-careem-of-fines-up-to-egp-500-mn-each-in-case-of-merger\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-623267\" class=\"content-area-description single-story post-623267 post type-post status-publish format-standard hentry category-speed-round tag-careem tag-egyptian-competition-authority tag-enterpriseam tag-ma-watch tag-speed-round tag-uber 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> ** #1<strong> Competition watchdog warns Uber and Careem of fines up to EGP 500 mn each in case of merger: <\/strong>The Egyptian Competition Authority (ECA) has sent another sharp, unprecedented warning to ride-hailing companies Uber and Careem that they could be fined up to EGP 500 mn each if they go through with a merger that has been the subject of wide speculation in the business press. Any merger would be harmful to the competition and consumers, the watchdog said in a <a href=\"http:\/\/v\/\">statement on Wednesday (pdf)<\/a>. A separate statement emailed to reporters noted that the companies have not yet denied they were in merger talks (which isn\u2019t exactly the case, as we note below.)<\/p>\n<p><strong>The ECA\u2019s argument:<\/strong> \u201cUber and Careem are the only ride-hailing applications available in Egypt. Any anticompetitive interaction or harmonization of their business strategies including agreement to merge has the potential to cause serious and irrecoverable damage to Egyptian competition and consumers,\u201d said ECA Chairman Amir Nabil. The warning, which the ECA\u2019s board unanimously approved, apparently followed an investigation that showed that \u201criders and drivers both benefit substantially from current competition between Uber and Careem, and that these benefits will be lost if the two parties ceased to compete.\u201d<\/p>\n<p><strong>Measures to avoid a fine: <\/strong>The statement noted that to avoid a fine, the ECA would have to grant them an exemption to the Antitrust Act (or Egyptian Competition Act). The firms must notify it officially of their intentions to merger, give it 60 working days after the notification to study the impact, and not consummate a marriage without the authority\u2019s approval.<\/p>\n<p><strong>Taking the case to national television: <\/strong>Egyptian Competition Authority Chairman Amr Nabil discussed the issue at length on Masaa DMC (<a href=\"https:\/\/www.youtube.com\/watch?v=460uH0IRV8Q\">watch, runtime: 17:21<\/a>).<\/p>\n<p><strong>Background: <\/strong>This is the second time the ECA has warned the companies against merger \u2014 but the first time the watchdog has threatened them with fines. The authority had issued its <a href=\"https:\/\/enterprise.press\/wp-content\/uploads\/2018\/09\/Uber-merger-press-release-EN.pdf\">first warning last month<\/a> following a Bloomberg report in July saying that Uber was in talks to acquire its regional rival Careem. While both companies <a href=\"https:\/\/enterprise.press\/stories\/2018\/07\/05\/uber-and-careem-not-in-talks-to-merge-says-careem-spokesperson\/\">denied the initial reports<\/a>, Bloomberg revealed earlier this month that talks were ongoing and that the potential merger could be worth USD 2-2.5 bn. <a href=\"https:\/\/enterprise.press\/stories\/2018\/10\/03\/el-sisi-met-uber-ceo-khosrowshahi-as-competition-watchdogs-warning-against-potential-careem-merger-loom\/\">Uber\u2019s CEO met with President Abdel Fattah El Sisi<\/a> after the first warning. In its warning, the ECA had cited a similar case in Singapore where the US company and its Asian rival Grab were fined a combined USD 9.5 mn.<\/p>\n<p><strong>Move comes as ECA seeks M&A sign-off powers: <\/strong>The competition authority has been bidding for more than a year now for the authority to sign off on mergers or acquisitions worth more than EGP 100 mn; it is championing amendments to the Antitrust Act to that effect.<\/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\/careem\/\">Careem<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egyptian-competition-authority\/\">Egyptian Competition Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ma-watch\/\">M&amp;A Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/speed-round\/\">SPEED ROUND<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/uber\/\">Uber<\/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=\"623274\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"623275\" 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=\"623275\">\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\/25\/what-were-tracking-this-week-and-beyond-76\/\">\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\/25\/what-were-tracking-this-week-and-beyond-76\/\" 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\/25\/what-were-tracking-this-week-and-beyond-76\/')\">\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\/25\/what-were-tracking-this-week-and-beyond-76\/\">\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\/25\/what-were-tracking-this-week-and-beyond-76\/\">\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\/25\/what-were-tracking-this-week-and-beyond-76\/&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%2F25%2Fwhat-were-tracking-this-week-and-beyond-76%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\/25\/what-were-tracking-this-week-and-beyond-76\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-623275\" class=\"content-area-description single-story post-623275 post type-post status-publish format-standard hentry category-up-next tag-enterpriseam tag-legislation tag-smes tag-up-next 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>** #8 The draft SMEs Act is expected to be made public within 10 days<\/strong>, SMEs Development Authority head Nevine Gamea said, <a href=\"https:\/\/www.almalnews.com\/Story\/395574\/12\/-%D8%A7%D8%B3%D8%AA%D8%B9%D8%B1%D8%A7%D8%B6-%D8%A7%D9%84%D9%86%D8%B3%D8%AE%D8%A9-%D8%A7%D9%84%D9%86%D9%87%D8%A7%D8%A6%D9%8A%D8%A9-%D9%84%D9%82%D8%A7%D9%86%D9%88%D9%86-%D8%A7%D9%84%D9%85%D8%B4%D8%B1%D9%88%D8%B9%D8%A7%D8%AA-%D8%A7%D9%84%D8%B5%D8%BA%D9%8A%D8%B1%D8%A9-%D8%AE%D9%84%D8%A7%D9%84-%D8%A3%D8%B3%D8%A8%D9%88%D8%B9\">according to Al Mal<\/a>. According to Gamea, the authority has recently reviewed the bill with the CBE and expects to present it to the Madbouly Cabinet very soon. The draft law sets out incentives \u2014 mainly in the form of services and subsidized access to finance \u2014 for owners of micro-, small- and medium-sized enterprises to go legit and pay taxes.<\/p>\n<p><strong>Egypt will announce the CEO of its new sovereign wealth fund in a month and half\u2019s time, <\/strong>Planning Minister Hala El Said said yesterday, <a href=\"https:\/\/alborsaanews.com\/2018\/10\/24\/1145003\">according to local press reports<\/a>. The ministry has formed a committee led by former central bank governor Farouk El Okda to select the person for the top job from a pool of some <a href=\"https:\/\/enterprise.press\/stories\/2018\/10\/10\/what-were-tracking-on-10-october-2018\/\">60 applicants<\/a>. Other notable names on the committee include CBE Deputy Governor Lobna Helal and National Bank of Egypt Executive Chairman Hisham Okasha. El Said also said that the executive regulations governing the SWF will be ready in two weeks\u2019 time. A source in the know had <a href=\"https:\/\/enterprise.press\/stories\/2018\/10\/18\/what-were-tracking-on-18-october-2018\/\">previously told us<\/a> that the regs would be ready for cabinet review at the start of November.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/legislation\/\">legislation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/smes\/\">SMEs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"623276\" 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=\"623276\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">THE MACRO PICTURE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/new-technology-gives-push-to-africas-agriculture-industry\/\">\r\n                            New technology gives push to Africa\u2019s agriculture industry                        <\/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\/25\/new-technology-gives-push-to-africas-agriculture-industry\/\" 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\/25\/new-technology-gives-push-to-africas-agriculture-industry\/')\">\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\/25\/new-technology-gives-push-to-africas-agriculture-industry\/\">\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 technology gives push to Africa\u2019s agriculture industry&url=https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/new-technology-gives-push-to-africas-agriculture-industry\/\">\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\/25\/new-technology-gives-push-to-africas-agriculture-industry\/&title=New technology gives push to Africa\u2019s agriculture industry\">\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+technology+gives+push+to+Africa%E2%80%99s+agriculture+industry+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F10%2F25%2Fnew-technology-gives-push-to-africas-agriculture-industry%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\/25\/new-technology-gives-push-to-africas-agriculture-industry\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-623276\" class=\"content-area-description single-story post-623276 post type-post status-publish format-standard hentry category-the-macro-picture tag-africa tag-agriculture tag-enterpriseam tag-technology tag-the-macro-picture wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Tech startups are helping improve Africa\u2019s agriculture industry and could lift mns out of poverty, <\/strong><a href=\"https:\/\/www.ft.com\/content\/3316885c-b07d-11e8-87e0-d84e0d934341\">according to the FT<\/a>.Africa\u2019s agriculture industry is being held back by traditional equipment and outdated tech, but new technology has in recent years had a positive impact on yields. African and international agritech companies are seeing major untapped potential in Africa, which has more than a quarter of the world\u2019s arable land and whose agriculture industry \u2014 worth USD 100 bn a year \u2014 contributes 15% to the continent\u2019s GDP.<\/p>\n<p><strong>Visible change: <\/strong>Some African countries have already begun seeing improvement in quality and production with the help of new technology. Boston-based <a href=\"http:\/\/precisionag.org\/\">Precision Agriculture for Development<\/a> (PAD), a non-profit organization, has helped Kenya increase its sugar cane yields by 11.5%. \u201cProviding farmers with information and recommendations tailored to their local soil, weather and market conditions could dramatically improve yields and net incomes for farmers,\u201d says PAD\u2019s Director of Operations Megan Sheahan. Similarly, digital platform <a href=\"https:\/\/agrocenta.com\/\">AgroCenta<\/a> helped Ghanaian farmers sell their crops to big corporations like Nestle and Diageo.<\/p>\n<p><strong>Obstacles: <\/strong>Low internet access andhigh illiteracy rates in rural areas have made it difficult for tech companies to penetrate the African market as fast as it would like to. On the other hand, access to technology poses concerns that small-scale farmers might turn to methods that temporarily boost yields, but harm the soil on the long-term.<\/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\/africa\/\">Africa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/agriculture\/\">agriculture<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/technology\/\">technology<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-macro-picture\/\">THE MACRO PICTURE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"623277\" 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=\"623277\">\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\/25\/egypt-in-the-news-on-25-october-2018\/\">\r\n                            Egypt in the News on 25 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\/25\/egypt-in-the-news-on-25-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\/25\/egypt-in-the-news-on-25-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\/25\/egypt-in-the-news-on-25-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=Egypt in the News on 25 October 2018&url=https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/egypt-in-the-news-on-25-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\/25\/egypt-in-the-news-on-25-october-2018\/&title=Egypt in the News on 25 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=Egypt+in+the+News+on+25+October+2018+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F10%2F25%2Fegypt-in-the-news-on-25-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\/25\/egypt-in-the-news-on-25-october-2018\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-623277\" class=\"content-area-description single-story post-623277 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>All quiet on the global front: <\/strong>Rejoice, for there is virtually nothing of note about Egypt in the international press this morning.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-in-the-news\/\">Egypt in the News<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"623278\" 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=\"623278\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">Worth reading<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/ubereats-bites-hard-into-food-delivery-business\/\">\r\n                            UberEats bites hard into food delivery business                        <\/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\/25\/ubereats-bites-hard-into-food-delivery-business\/\" 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\/25\/ubereats-bites-hard-into-food-delivery-business\/')\">\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\/25\/ubereats-bites-hard-into-food-delivery-business\/\">\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=UberEats bites hard into food delivery business&url=https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/ubereats-bites-hard-into-food-delivery-business\/\">\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\/25\/ubereats-bites-hard-into-food-delivery-business\/&title=UberEats bites hard into food delivery business\">\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=UberEats+bites+hard+into+food+delivery+business+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F10%2F25%2Fubereats-bites-hard-into-food-delivery-business%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\/25\/ubereats-bites-hard-into-food-delivery-business\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2018\/10\/uber-web.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"623279\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/ubereats-bites-hard-into-food-delivery-business\/uber-web-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/10\/uber-web.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"uber-web.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/10\/uber-web.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/10\/uber-web.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-623278\" class=\"content-area-description single-story post-623278 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-reading tag-enterpriseam tag-uber tag-ubereats tag-worth-reading wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>UberEats has a secret sauce that has allowed to become a dominant player in delivery tech: <\/strong>Delivering for more than 1,600 restaurants around the world, UberEats is the fastest growing player in the booming food delivery industry, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-10-24\/uber-s-secret-empire-of-virtual-restaurants?srnd=premium-middle-east\">according to Bloomberg<\/a>. Since its Toronto launch in December 2015, the delivery app has signed agreements that has seen it roll out in more than 300 cities (including Cairo. <strong>Unless you live in Maadi or New Cairo. Which, apparently, UberEats doesn\u2019t think are part of Cairo<\/strong>). The company\u2019s delivery empire has grown by as much 20% per year and is expected to reach north of USD 75 bn by 2022.<\/p>\n<p><strong>Synergy of data and food:<\/strong> Part of what Uber Eats does is provide demand-related data to restaurants to help them boost sales. \u201cWhen the virtual restaurant team notices supply gaps in any given _neighborhood\u2014if, say, the data show that the number of brunch places is lower than could be served based on searches\u2014they\u2019ll begin contacting businesses in the area.\u201d Thanks to the service, Miami-based MIA Wings, for example, had an 80% increase in revenue after the company advised it in September to start delivering chicken wings. Similarly, Sultan, a Turkish restaurant in Montreal, changed its name to French Takos after UberEats advised it to start selling the product, which proved to be a hit among customers.<\/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\/uber\/\">Uber<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ubereats\/\">UberEats<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/worth-reading\/\">worth reading<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"623280\" 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=\"623280\">\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\">Worth watching<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/japan-company-rewards-its-employees-for-sleep\/\">\r\n                            Japan company rewards its employees for sleep                        <\/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\/25\/japan-company-rewards-its-employees-for-sleep\/\" 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\/25\/japan-company-rewards-its-employees-for-sleep\/')\">\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\/25\/japan-company-rewards-its-employees-for-sleep\/\">\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=Japan company rewards its employees for sleep&url=https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/japan-company-rewards-its-employees-for-sleep\/\">\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\/25\/japan-company-rewards-its-employees-for-sleep\/&title=Japan company rewards its employees for sleep\">\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=Japan+company+rewards+its+employees+for+sleep+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F10%2F25%2Fjapan-company-rewards-its-employees-for-sleep%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\/25\/japan-company-rewards-its-employees-for-sleep\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2018\/10\/424.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"623281\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/japan-company-rewards-its-employees-for-sleep\/424-jpg-23\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/10\/424.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"424.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/10\/424.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/10\/424.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-623280\" class=\"content-area-description single-story post-623280 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-watching tag-enterpriseam tag-japan tag-office-life tag-worth-watching wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>A Japanese company is offering its employees cash incentives for getting a full night\u2019s rest in an attempt to increase their productivity<\/strong> and reduce cases of exhaustion from overwork. Employees who work for the company \u2014 named \u201cCrazy\u201d \u2014 can earn up to USD 570 a year in cafeteria points if they clock in at least six hours of sleep per night, five nights a week, according to Bloomberg (<a href=\"https:\/\/www.bloomberg.com\/news\/videos\/2018-10-22\/this-company-pays-its-employees-to-get-a-full-night-s-sleep-video\">watch, runtime 1:17<\/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\/japan\/\">Japan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/office-life\/\">office life<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/worth-watching\/\">worth watching<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"623282\" 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=\"623282\">\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\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/saudi-lifts-its-import-ban-on-egypts-guavas\/\">\r\n                            Saudi lifts its import ban on Egypt\u2019s guavas                        <\/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\/25\/saudi-lifts-its-import-ban-on-egypts-guavas\/\" 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\/25\/saudi-lifts-its-import-ban-on-egypts-guavas\/')\">\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\/25\/saudi-lifts-its-import-ban-on-egypts-guavas\/\">\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=Saudi lifts its import ban on Egypt\u2019s guavas&url=https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/saudi-lifts-its-import-ban-on-egypts-guavas\/\">\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\/25\/saudi-lifts-its-import-ban-on-egypts-guavas\/&title=Saudi lifts its import ban on Egypt\u2019s guavas\">\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=Saudi+lifts+its+import+ban+on+Egypt%E2%80%99s+guavas+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F10%2F25%2Fsaudi-lifts-its-import-ban-on-egypts-guavas%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\/25\/saudi-lifts-its-import-ban-on-egypts-guavas\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-623282\" class=\"content-area-description single-story post-623282 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-agriculture-ministry tag-commodities tag-diplomacy-foreign-trade tag-enterpriseam tag-trade wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Saudi Arabia officially lifted its ban on Egyptian guava imports yesterday, <\/strong>Agriculture Quarantine Authority head <a href=\"http:\/\/www.shorouknews.com\/news\/view.aspx?cdate=24102018&id=17d8a4f1-ba31-4baf-a599-72e549748c1c\">Ahmed El Attar tells Al Shorouk<\/a>. The Saudi Food and Drug Authority (SFDA) had announced lifting the ban back in April, but <a href=\"https:\/\/enterprise.press\/stories\/2018\/04\/04\/saudi-arabia-lifts-ban-on-egyptian-guava-imports\/\">said at the time<\/a> that imports would be limited to SFDA-approved suppliers. The kingdom had initially imposed the ban on Egyptian guavas as a temporary measure <a href=\"https:\/\/enterprise.press\/stories\/2018\/01\/03\/saudis-guava-ban-comes-into-effect-on-18-january\/\">earlier this year<\/a> over concerns of high levels of residual pesticides.<\/p>\n<p><strong>This came as the Quarantine Authority issued new rules for strawberry and pepper exports ahead of the new season, <\/strong><a href=\"https:\/\/alborsaanews.com\/2018\/10\/24\/1144938\">sources said yesterday<\/a>. Under new policies, farmers must be registered to the government\u2019s new coding system for exporters \u2014 which means to help the government keep better track of exported cargo \u2014 before their produce can be shipped. Cargo also has to be packaged at government-approved stations, where it will be examined by state inspectors. A farm\u2019s export activities will be temporarily suspended until investigations conclude if its cargo is rejected for not being up to spec. Imports of Egyptian peppers and strawberries had been <a href=\"https:\/\/enterprise.press\/stories\/2018\/01\/21\/quarantine-authority-tightens-export-regulations-further-with-new-measures\/\">banned by a number of Arab countries<\/a> last year, including Saudi Arabia, Bahrain, and Kuwait, who all claimed the crops contained <a href=\"https:\/\/enterprise.press\/stories\/2018\/07\/05\/eu-lifts-additional-inspection-requirement-for-egyptian-strawberries\/\">unsafe pesticide levels<\/a>. The government has taken <a href=\"https:\/\/enterprise.press\/stories\/2018\/08\/14\/kuwait-to-continue-enforcing-strict-inspection-measures-on-egyptian-agricultural-imports-for-three-months\/\">various steps since then<\/a> to tighten quality inspection measures on goods earmarked for exports.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/agriculture-ministry\/\">Agriculture Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/commodities\/\">commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy-foreign-trade\/\">Diplomacy + Foreign Trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"623283\" 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=\"623283\">\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\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/transglobe-begins-drilling-new-well-at-western-desert-concession\/\">\r\n                            TransGlobe begins drilling new well at Western Desert concession                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/transglobe-begins-drilling-new-well-at-western-desert-concession\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/transglobe-begins-drilling-new-well-at-western-desert-concession\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/transglobe-begins-drilling-new-well-at-western-desert-concession\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=TransGlobe begins drilling new well at Western Desert concession&url=https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/transglobe-begins-drilling-new-well-at-western-desert-concession\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/transglobe-begins-drilling-new-well-at-western-desert-concession\/&title=TransGlobe begins drilling new well at Western Desert concession\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=TransGlobe+begins+drilling+new+well+at+Western+Desert+concession+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F10%2F25%2Ftransglobe-begins-drilling-new-well-at-western-desert-concession%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/transglobe-begins-drilling-new-well-at-western-desert-concession\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-623283\" class=\"content-area-description single-story post-623283 post type-post status-publish format-standard hentry category-energy tag-energy tag-enterpriseam tag-oil-and-gas tag-transglobe 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\/.2ac16079-5fe9-4ded-8f0b-d6c010c5f3e9.mp3\"><\/audio><\/figure>\n<p>TransGlobe Energy <a href=\"https:\/\/www.trans-globe.com\/news?article=95\">announced yesterday<\/a> that it began drilling for oil at its SGZ 6X exploration well in the South Ghazalat concession in the Western Desert. The company also said that it successfully began production from two wells in West Bakr in the Eastern Desert, with output from each well currently averaging around 800 bpd, exceeding initial projections. Another new well in the area has also been producing around 80 bpd. TransGlobe plans to drill another well in the area during November.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/oil-and-gas\/\">oil and gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/transglobe\/\">TransGlobe<\/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=\"623284\" 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=\"623284\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">Basic Materials + Commodities<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/gasc-to-launch-next-international-wheat-tender-in-two-weeks-time\/\">\r\n                            GASC to launch next international wheat tender in two weeks\u2019 time                        <\/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\/25\/gasc-to-launch-next-international-wheat-tender-in-two-weeks-time\/\" 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\/25\/gasc-to-launch-next-international-wheat-tender-in-two-weeks-time\/')\">\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\/25\/gasc-to-launch-next-international-wheat-tender-in-two-weeks-time\/\">\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=GASC to launch next international wheat tender in two weeks\u2019 time&url=https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/gasc-to-launch-next-international-wheat-tender-in-two-weeks-time\/\">\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\/25\/gasc-to-launch-next-international-wheat-tender-in-two-weeks-time\/&title=GASC to launch next international wheat tender in two weeks\u2019 time\">\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=GASC+to+launch+next+international+wheat+tender+in+two+weeks%E2%80%99+time+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F10%2F25%2Fgasc-to-launch-next-international-wheat-tender-in-two-weeks-time%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\/25\/gasc-to-launch-next-international-wheat-tender-in-two-weeks-time\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-623284\" class=\"content-area-description single-story post-623284 post type-post status-publish format-standard hentry category-basic-materials-commodities tag-basic-materials-commodities tag-commodities tag-enterpriseam tag-general-authority-for-supply-commodities tag-wheat wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.5a6385db-ba90-443d-863b-ed97952f2bad.mp3\"><\/audio><\/figure>\n<p>The General Authority for Supply Commodities (GASC) could be issuing a new wheat tender next month, <a href=\"https:\/\/www.spglobal.com\/platts\/en\/market-insights\/latest-news\/agriculture\/102418-egypts-gasc-to-return-next-month-for-russian-wheat-market-sources\">S&P Global says<\/a>. Egypt\u2019s current consumption rate will require the country to return to the market soon, despite the Supply Ministry <a href=\"https:\/\/enterprise.press\/stories\/2018\/10\/09\/wheat-reserves-will-last-until-february-sugar-reserves-until-april\/\">saying earlier this month<\/a> that strategic reserves are sufficient to cover consumption until February. GASC had purchased <a href=\"https:\/\/enterprise.press\/stories\/2018\/10\/08\/gasc-purchases-180k-tonnes-of-russian-wheat\/\">earlier this month<\/a> 180k tonnes of Russian wheat for 1-10 December delivery.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/basic-materials-commodities\/\">Basic Materials + Commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/commodities\/\">commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/general-authority-for-supply-commodities\/\">General Authority for Supply Commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/wheat\/\">wheat<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"623286\" 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=\"623286\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">Manufacturing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/marubeni-to-build-textile-factory-in-kafr-el-sheikh-for-cotton-holding-co\/\">\r\n                            Marubeni to build textile factory in Kafr El Sheikh for Cotton Holding co.                        <\/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\/25\/marubeni-to-build-textile-factory-in-kafr-el-sheikh-for-cotton-holding-co\/\" 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\/25\/marubeni-to-build-textile-factory-in-kafr-el-sheikh-for-cotton-holding-co\/')\">\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\/25\/marubeni-to-build-textile-factory-in-kafr-el-sheikh-for-cotton-holding-co\/\">\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=Marubeni to build textile factory in Kafr El Sheikh for Cotton Holding co.&url=https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/marubeni-to-build-textile-factory-in-kafr-el-sheikh-for-cotton-holding-co\/\">\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\/25\/marubeni-to-build-textile-factory-in-kafr-el-sheikh-for-cotton-holding-co\/&title=Marubeni to build textile factory in Kafr El Sheikh for Cotton Holding co.\">\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=Marubeni+to+build+textile+factory+in+Kafr+El+Sheikh+for+Cotton+Holding+co.+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F10%2F25%2Fmarubeni-to-build-textile-factory-in-kafr-el-sheikh-for-cotton-holding-co%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\/25\/marubeni-to-build-textile-factory-in-kafr-el-sheikh-for-cotton-holding-co\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-623286\" class=\"content-area-description single-story post-623286 post type-post status-publish format-standard hentry category-manufacturing tag-commodities tag-enterpriseam tag-japan tag-manufacturing tag-marubeni tag-public-enterprises-ministry tag-textiles 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\/.e26396a0-4adc-4070-bf50-8df6ccd55c61.mp3\"><\/audio><\/figure>\n<p>Japan\u2019s Marubeni Corporation will be building a new textile factory in Kafr El Sheikh for the Cotton & Textile Industries Holding Company under an MoU signed yesterday, <a href=\"http:\/\/www.ahram.org.eg\/News\/202810\/5\/676956\/%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF\/%C2%AB%D9%85%D8%A7%D8%B1%D9%88%D8%A8%D9%8A%D9%86%D9%89%C2%BB-%D8%A7%D9%84%D9%8A%D8%A7%D8%A8%D8%A7%D9%86%D9%8A%D8%A9-%D8%AA%D9%86%D8%B4%D8%A6-%D9%85%D8%B5%D9%86%D8%B9%D8%A7-%D9%84%D9%84%D9%86%D8%B3%D9%8A%D8%AC-%D8%A8%D9%83%D9%81%D8%B1-%D8%A7%D9%84%D8%B4%D9%8A%D8%AE.aspx\">Al Ahram reports<\/a>. The project will be funded through a facilitated loan from Japan Bank for International Cooperation (JBIC), which will be repayable over 10 years, with an additional three-year grace period. JBIC has also expressed willingness to provide consultancy services and help with the supply of equipment. The move comes as part of government efforts to <a href=\"https:\/\/enterprise.press\/stories\/2017\/11\/01\/indias-bajaj-to-restructure-state-owned-cotton-ginning-companies\/\">rehabilitate several state-owned companies<\/a> that have been suffering heavy losses. Details on the exact cost and timeline of the project were not disclosed.<\/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\/commodities\/\">commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/japan\/\">Japan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/marubeni\/\">Marubeni<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/public-enterprises-ministry\/\">Public Enterprises Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/textiles\/\">textiles<\/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=\"623288\" 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=\"623288\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">13<\/div>\r\n\r\n                    <p class=\"f-graphik\">Health + Education<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/egypts-sedico-to-export-locally-manufactured-medications-to-italy\/\">\r\n                            Egypt\u2019s SEDICO to export locally manufactured medications to Italy                        <\/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\/25\/egypts-sedico-to-export-locally-manufactured-medications-to-italy\/\" 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\/25\/egypts-sedico-to-export-locally-manufactured-medications-to-italy\/')\">\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\/25\/egypts-sedico-to-export-locally-manufactured-medications-to-italy\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt\u2019s SEDICO to export locally manufactured medications to Italy&url=https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/egypts-sedico-to-export-locally-manufactured-medications-to-italy\/\">\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\/25\/egypts-sedico-to-export-locally-manufactured-medications-to-italy\/&title=Egypt\u2019s SEDICO to export locally manufactured medications to Italy\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt%E2%80%99s+SEDICO+to+export+locally+manufactured+medications+to+Italy+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F10%2F25%2Fegypts-sedico-to-export-locally-manufactured-medications-to-italy%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\/25\/egypts-sedico-to-export-locally-manufactured-medications-to-italy\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-623288\" class=\"content-area-description single-story post-623288 post type-post status-publish format-standard hentry category-health-education tag-enterpriseam tag-eu tag-health tag-health-education tag-italy tag-manufacturing tag-pharma tag-trade wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.60ca7cc8-4bf9-4020-ab2e-e53671eadbd7.mp3\"><\/audio><\/figure>\n<p><a href=\"http:\/\/www.sedico.net\/english\/company\/AboutSedico\/AboutSedico_e.htm\">SEDICO Pharmaceutical Company<\/a> has signed agreements to begin exporting five of its meds to Italy \u201cin the coming period,\u201d <a href=\"https:\/\/alborsaanews.com\/2018\/10\/23\/1144085\">chairman Awad Gabr said<\/a>. The company has already exported a batch of one of the products, and will begin shipping the remaining four products in the coming months. An EU delegation is also reportedly set to inspect SEDICO\u2019s facility soon to grant the company license to export to more EU markets.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/eu\/\">EU<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/health\/\">health<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/health-education\/\">Health + Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/italy\/\">Italy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pharma\/\">pharma<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"623289\" 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=\"623289\">\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\">Tourism<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/indonesias-sahid-group-to-operate-cairo-based-hotel-with-egypt-companies\/\">\r\n                            Indonesia\u2019s Sahid Group to operate Cairo-based hotel with Egypt companies                        <\/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\/25\/indonesias-sahid-group-to-operate-cairo-based-hotel-with-egypt-companies\/\" 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\/25\/indonesias-sahid-group-to-operate-cairo-based-hotel-with-egypt-companies\/')\">\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\/25\/indonesias-sahid-group-to-operate-cairo-based-hotel-with-egypt-companies\/\">\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=Indonesia\u2019s Sahid Group to operate Cairo-based hotel with Egypt companies&url=https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/indonesias-sahid-group-to-operate-cairo-based-hotel-with-egypt-companies\/\">\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\/25\/indonesias-sahid-group-to-operate-cairo-based-hotel-with-egypt-companies\/&title=Indonesia\u2019s Sahid Group to operate Cairo-based hotel with Egypt companies\">\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=Indonesia%E2%80%99s+Sahid+Group+to+operate+Cairo-based+hotel+with+Egypt+companies+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F10%2F25%2Findonesias-sahid-group-to-operate-cairo-based-hotel-with-egypt-companies%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\/25\/indonesias-sahid-group-to-operate-cairo-based-hotel-with-egypt-companies\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-623289\" class=\"content-area-description single-story post-623289 post type-post status-publish format-standard hentry category-tourism tag-enterpriseam tag-hospitality tag-indonesia 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\/.be5e7316-af8f-4a7e-9a88-1cb9bbe1c916.mp3\"><\/audio><\/figure>\n<p>Indonesian hotel operator <a href=\"https:\/\/www.sahidhotels.com\/about-us\">Sahid Group<\/a> is looking to operate a hotel in Cairo in partnership with Egyptian private or public sector companies, General Manager Andrizal Amran said, <a href=\"https:\/\/almalnews.com\/Story\/395526\/15\/%D9%81%D9%86%D8%A7%D8%AF%D9%82-%C2%AB%D8%B3%D8%A7%D9%87%D8%AF%C2%BB-%D8%A7%D9%84%D8%A5%D9%86%D8%AF%D9%88%D9%86%D9%8A%D8%B3%D9%8A%D8%A9-%D8%AA%D8%A8%D8%AD%D8%AB-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-%D9%81%D9%89-%D9%85%D8%B5%D8%B1\">according to Al Mal<\/a>. The group is also planning to set up hotel management and hospitality schools as it expands into Egypt.<\/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\/hospitality\/\">hospitality<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/indonesia\/\">Indonesia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"623290\" 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=\"623290\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">15<\/div>\r\n\r\n                    <p class=\"f-graphik\">Banking + Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/efg-hermes-nbe-cib-and-aaib-bod-on-nucas-egp-4-5-bn-securitized-bond-issuance\/\">\r\n                            EFG Hermes, NBE, CIB and AAIB bod on NUCA\u2019s EGP 4.5 bn securitized bond issuance                        <\/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\/25\/efg-hermes-nbe-cib-and-aaib-bod-on-nucas-egp-4-5-bn-securitized-bond-issuance\/\" 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\/25\/efg-hermes-nbe-cib-and-aaib-bod-on-nucas-egp-4-5-bn-securitized-bond-issuance\/')\">\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\/25\/efg-hermes-nbe-cib-and-aaib-bod-on-nucas-egp-4-5-bn-securitized-bond-issuance\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=EFG Hermes, NBE, CIB and AAIB bod on NUCA\u2019s EGP 4.5 bn securitized bond issuance&url=https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/efg-hermes-nbe-cib-and-aaib-bod-on-nucas-egp-4-5-bn-securitized-bond-issuance\/\">\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\/25\/efg-hermes-nbe-cib-and-aaib-bod-on-nucas-egp-4-5-bn-securitized-bond-issuance\/&title=EFG Hermes, NBE, CIB and AAIB bod on NUCA\u2019s EGP 4.5 bn securitized bond issuance\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=EFG+Hermes%2C+NBE%2C+CIB+and+AAIB+bod+on+NUCA%E2%80%99s+EGP+4.5+bn+securitized+bond+issuance+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F10%2F25%2Fefg-hermes-nbe-cib-and-aaib-bod-on-nucas-egp-4-5-bn-securitized-bond-issuance%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\/25\/efg-hermes-nbe-cib-and-aaib-bod-on-nucas-egp-4-5-bn-securitized-bond-issuance\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-623290\" class=\"content-area-description single-story post-623290 post type-post status-publish format-standard hentry category-banking-finance tag-banking-finance tag-cib tag-efg-hermes tag-enterpriseam tag-national-bank-of-egypt tag-new-urban-communities-authority wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.4a5c5aca-601a-44d7-b59d-75e295cc6995.mp3\"><\/audio><\/figure>\n<p>EFG Hermes has formed a consortium with CIB, National Bank of Egypt (NBE), and Arab African International Bank (AAIB) to compete for the management of a EGP 4.5 bn New Urban Communities Authority (NUCA) securitized bond issuance, <a href=\"https:\/\/almalnews.com\/Story\/395513\/11\/%D9%87%D9%8A%D8%B1%D9%85%D8%B3-%D8%AA%D8%AA%D8%AD%D8%A7%D9%84%D9%81-%D9%85%D8%B9-%D8%AB%D9%84%D8%A7%D8%AB%D8%A9-%D8%A8%D9%86%D9%88%D9%83-%D9%84%D9%84%D9%85%D9%86%D8%A7%D9%81%D8%B3%D8%A9-%D8%B9%D9%84%D9%89-%D8%B3%D9%86%D8%AF%D8%A7%D8%AA-%D8%A7%D9%84%D9%85%D8%AC\">Al Mal reported<\/a>. NUCA will use capital raised from the issuance to proceed with its urban development plan, Deputy Housing Minister Khaled Abbas said. Baker McKenzie is also among those competing for the tender, sources close to the matter told Al Mal. <a href=\"https:\/\/enterprise.press\/stories\/2018\/10\/22\/nuca-reviewing-offers-for-egp-3-4-bn-securitized-bond-issuance\/\">Al Shorouk reported earlier this week<\/a> that the authority has received offers from a consortium made up of Banque Misr and Sarwa Capital, while HSBC appears to also be in the running. NUCA is currently reviewing the offers and negotiations over whether the issuance will be guaranteed by the finance ministry are ongoing, the sources said.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking-finance\/\">BANKING + FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cib\/\">CIB<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/efg-hermes\/\">EFG Hermes<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/national-bank-of-egypt\/\">National Bank of Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/new-urban-communities-authority\/\">New Urban Communities Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"623294\" 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=\"623294\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">16<\/div>\r\n\r\n                    <p class=\"f-graphik\">Law<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/matouk-bassiouny-was-legal-counsel-for-cci-in-recent-usd-15-mn-buyout\/\">\r\n                            Matouk Bassiouny was legal counsel for CCI in recent USD 15 mn buyout                        <\/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\/25\/matouk-bassiouny-was-legal-counsel-for-cci-in-recent-usd-15-mn-buyout\/\" 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\/25\/matouk-bassiouny-was-legal-counsel-for-cci-in-recent-usd-15-mn-buyout\/')\">\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\/25\/matouk-bassiouny-was-legal-counsel-for-cci-in-recent-usd-15-mn-buyout\/\">\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=Matouk Bassiouny was legal counsel for CCI in recent USD 15 mn buyout&url=https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/matouk-bassiouny-was-legal-counsel-for-cci-in-recent-usd-15-mn-buyout\/\">\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\/25\/matouk-bassiouny-was-legal-counsel-for-cci-in-recent-usd-15-mn-buyout\/&title=Matouk Bassiouny was legal counsel for CCI in recent USD 15 mn buyout\">\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=Matouk+Bassiouny+was+legal+counsel+for+CCI+in+recent+USD+15+mn+buyout+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F10%2F25%2Fmatouk-bassiouny-was-legal-counsel-for-cci-in-recent-usd-15-mn-buyout%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\/25\/matouk-bassiouny-was-legal-counsel-for-cci-in-recent-usd-15-mn-buyout\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-623294\" class=\"content-area-description single-story post-623294 post type-post status-publish format-standard hentry category-law tag-enterpriseam tag-law tag-ma-watch tag-matouk-bassiouny-hennawy tag-public-enterprises-ministry wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.2a62175f-3e48-4f8e-9be8-6591ef22379b.mp3\"><\/audio><\/figure>\n<p>Matouk Bassiouny acted as sell-side advisor for Solvay Alexandria Sodium Carbonate (CCI) in <a href=\"https:\/\/enterprise.press\/stories\/2018\/10\/24\/ethydco-sidpec-and-echem-acquire-100-stake-of-cci-for-usd-15-mn\/\">the recent USD 15 mn buy-out of the company<\/a>, the firm said yesterday. CCI was acquired by state-owned Egyptian Ethylene and Derivatives Company (Ethydco), Sidi Kerir Petrochemicals Company (SIDPEC) and the Egyptian Petrochemical Holding Company (ECHEM).<\/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\/law\/\">law<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ma-watch\/\">M&amp;A Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/matouk-bassiouny-hennawy\/\">Matouk Bassiouny &amp; Hennawy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/public-enterprises-ministry\/\">Public Enterprises Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"623295\" 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=\"623295\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">17<\/div>\r\n\r\n                    <p class=\"f-graphik\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/mobile-app-dawar-wants-to-make-a-buck-cleaning-cairos-streets-of-garbage\/\">\r\n                            Mobile app Dawar wants to make a buck cleaning Cairo\u2019s streets of garbage                        <\/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\/25\/mobile-app-dawar-wants-to-make-a-buck-cleaning-cairos-streets-of-garbage\/\" 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\/25\/mobile-app-dawar-wants-to-make-a-buck-cleaning-cairos-streets-of-garbage\/')\">\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\/25\/mobile-app-dawar-wants-to-make-a-buck-cleaning-cairos-streets-of-garbage\/\">\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=Mobile app Dawar wants to make a buck cleaning Cairo\u2019s streets of garbage&url=https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/mobile-app-dawar-wants-to-make-a-buck-cleaning-cairos-streets-of-garbage\/\">\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\/25\/mobile-app-dawar-wants-to-make-a-buck-cleaning-cairos-streets-of-garbage\/&title=Mobile app Dawar wants to make a buck cleaning Cairo\u2019s streets of garbage\">\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=Mobile+app+Dawar+wants+to+make+a+buck+cleaning+Cairo%E2%80%99s+streets+of+garbage+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F10%2F25%2Fmobile-app-dawar-wants-to-make-a-buck-cleaning-cairos-streets-of-garbage%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\/25\/mobile-app-dawar-wants-to-make-a-buck-cleaning-cairos-streets-of-garbage\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2018\/10\/769.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"623296\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/mobile-app-dawar-wants-to-make-a-buck-cleaning-cairos-streets-of-garbage\/769-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/10\/769.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"769.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/10\/769.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/10\/769.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-623295\" class=\"content-area-description single-story post-623295 post type-post status-publish format-standard has-post-thumbnail hentry category-on-your-way-out tag-culture tag-enterpriseam tag-environment tag-recycling tag-technology wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-09\"><\/a> <strong>** #7 Next time you spot garbage in Cairo, take out your phone and let <\/strong><a href=\"https:\/\/www.facebook.com\/dawar.street\/\"><strong>Dawar<\/strong><\/a><strong> know. <\/strong>Dawar is a new waste recycling mobile app that allows users to send pictures of garbage in the street to notify Dawar\u2019s team, which promptly cleans up the area, <a href=\"https:\/\/adigitalboom.com\/dawar-app-strives-solve-egypt-garbage-mess-snap-button\/\">reported Digital Boom<\/a>. The app then notifies the user after the job is done. It is currently in beta testing in Maadi and Torra but developers plan to have it eventually cover the entire country. <a href=\"http:\/\/introgroup.org\/intro\/environ-adapt.html\">Environ Adapt<\/a> is providing the waste collection service and the app was launched as a collaboration between the Environment Ministry and Germany\u2019s development agency GIZ.<\/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\/culture\/\">culture<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/environment\/\">environment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/recycling\/\">recycling<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/technology\/\">technology<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"623297\" 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=\"623297\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">18<\/div>\r\n\r\n                    <p class=\"f-graphik\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/623297\/\">\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\/25\/623297\/\" 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\/25\/623297\/')\">\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\/25\/623297\/\">\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\/25\/623297\/\">\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\/25\/623297\/&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%2F25%2F623297%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\/25\/623297\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-623297\" class=\"content-area-description single-story post-623297 post type-post status-publish format-standard hentry category-the-market-yesterday tag-enterpriseam tag-the-market-yesterday wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t\n<p><strong>EGP \/ USD CBE market average: <\/strong>Buy 17.86 | Sell 17.97<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): 13,264 (-2.5%)<br \/>\n <strong>Turnover:<\/strong> EGP 733 mn (4% above the 90-day average)<br \/>\n <strong>EGX30 year-to-date<\/strong>: -11.8%<\/p>\n<p><strong>THE MARKET ON WEDNESDAY: <\/strong>The EGX30 index ended Wednesday\u2019s session down 2.5%. CIB, the index heaviest constituent was 2.2% down. EGX30\u2019s top performing constituents were Juhayna 2.1% up, Palm Hills 1.4% up, and Telecom Egypt 0.7% up. Today\u2019s worst performing stocks were Arab Cotton Ginning 6.5% down, TMG Holding 6.3% down, and AMOC 6.3% down. The market turnover was EGP733 million, and local investors were the sole net sellers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Long | EGP +62.9 mn<br \/>\n <strong>Regional<\/strong>: Net Long | EGP +48.9 mn<br \/>\n <strong>Domestic<\/strong>: Net Short | EGP -111.8 mn<\/p>\n<p><strong>Retail<\/strong>: 50.5% of total trades | 49.4% of buyers | 51.6% of sellers<br \/>\n <strong>Institutions<\/strong>: 49.5% of total trades | 50.6% of buyers | 48.4% of sellers<\/p>\n<p><strong>Foreign:<\/strong> 24.1% of total | 28.4% of buyers | 19.8% of sellers<br \/>\n <strong>Regional:<\/strong> 14.5% of total | 17.8% of buyers | 11.2% of sellers<br \/>\n <strong>Domestic:<\/strong> 61.4% of total | 53.8% of buyers | 69.0% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 66.26 (-0.84%)<br \/>\n <strong>Brent:<\/strong> USD 75.54 (-0.83%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 3.19 MMBtu, (+0.60%, Nov 2018 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,239.8 \/ troy ounce (+0.71%)<br \n<\/p>\n<p><strong>TASI:<\/strong> 7,512.52 (-0.49%) (YTD: +3.96%)<br \/>\n <strong>ADX:<\/strong> 4,926.29 (-0.89%) (YTD: +12.0%)<br \/>\n <strong>DFM:<\/strong> 2,738.01 (-0.55%) (YTD: -18.76%)<br \/>\n <strong>KSE Premier Market:<\/strong> 5,208.85 (+0.74%)<br \/>\n <strong>QE:<\/strong> 10,152.62 (-1.09%) (YTD: +19.11%)<br \/>\n <strong>MSM:<\/strong> 4,462.76 (+0.08%) (YTD: -12.48%)<br \/>\n <strong>BB: <\/strong>1,316.38 (-0.36%) (YTD: -1.15%)<\/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=\"623298\" 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\/25\/623298\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-623298\" class=\"content-area-description single-story post-623298 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>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 October (Thursday): President Abdel Fattah El Sisi to visit Khartoum.<\/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>November: A delegation of French pharmaceutical and medical equipment companies is set to visit Egypt sometime in November to explore potential investments, <a href=\"https:\/\/www.facebook.com\/mift.media\/photos\/a.456794574389349\/1901675823234543\/?type=3&theater\">according to a Trade Ministry statement<\/a>.<\/p>\n<p>01-02 November (Thursday-Friday): <a href=\"http:\/\/www.mainmena.com\/conferences\/\">Annual Middle East Conference on Business Angel Investment<\/a>, El Gouna, Egypt<\/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.15 November (Thursday) <a href=\"https:\/\/enterprise.press\/wp-content\/uploads\/2018\/10\/T20.pdf\">The T20 Invest in Healthcare Conference 2018<\/a>, Nile<\/p>\n<p>Ritz Carlton Hotel, Cairo, Egypt<\/p>\n<p>17-19 November (Saturday-Monday) <a href=\"https:\/\/www.electricxegypt.com\/en\/Homepage.html?utm_source=colleague&utm_medium=email&utm_campaign=AET19DME-JO-MGN-MEE_2019-ENG&utm_content=signature_banner\">ElectricX-Energizing The Industry<\/a>, Egypt International Exhibition Center, Cairo, Egypt<\/p>\n<p>20 November (Tuesday): Prophet's Birthday (TBC), national holiday.<\/p>\n<p>22 November (Thursday): US Thanksgiving.<\/p>\n<p>End of November: A delegation from the Egypt-Greece Business Council will visit Athens at the end of November to promote investment, the council\u2019s chairman, <a href=\"https:\/\/alborsaanews.com\/2018\/10\/15\/1141389\">Hani Berzi, said<\/a>.<\/p>\n<p>25-28 November (Sunday-Wednesday): 22nd Cairo ICT, Cairo Convention Center, Nasr City, Cairo.<\/p>\n<p>03-05 December (Monday-Wednesday): First Egypt Defense Expo, Egyptian International Exhibition Center, Cairo.<\/p>\n<p>04 December (Tuesday): Egypt\u2019s Emirates NBD PMI for November released.<\/p>\n<p>08-09 December (Saturday-Sunday): Business for Africa and the World: The Africa 2018 Forum, Maritim Jolie Ville International Congress Center, Sharm El Sheikh.<\/p>\n<p>12 December (Wednesday): Banking and Finance Congress 2018, Cairo, venue TBD.<\/p>\n<p>13-15 December (Thursday-Saturday): <a href=\"http:\/\/www.uabonline.org\/en\/home\/downloadpdf\/conferencesforumsprogramfor2016\">Forum on \u201cThe Role of Digital Financial Communication and Solutions in Enhancing Financial Inclusion,\u201d<\/a> Sharm El 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":623261,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-623260","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"2efa67dd-6d17-4ecc-96ce-4067f6fd9f07","teaser":"","photo_url":"https:\/\/ent.news\/2018\/10\/2226.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egyptian competition authority warns of EGP 500 mn fines each for Uber, Careem if they go ahead with merger - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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