{"id":623410,"date":"2018-10-30T04:06:36","date_gmt":"2018-10-30T04:06:36","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=623410"},"modified":"2025-12-17T07:31:37","modified_gmt":"2025-12-17T07:31:37","slug":"ousta-collapse-prompted-watchdog-to-look-at-uber-careem-merger","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/ousta-collapse-prompted-watchdog-to-look-at-uber-careem-merger\/","title":{"rendered":"Ousta collapse prompted watchdog to look at Uber, Careem merger"},"content":{"rendered":"<section id=\"623412\" 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=\"623412\">\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\/30\/is-the-nine-year-bull-run-coming-to-an-end\/\">\r\n                            Is the nine-year bull run coming to an end?                        <\/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\/30\/is-the-nine-year-bull-run-coming-to-an-end\/\" target=\"_blank\">\n                    Open in new tab       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data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/30\/is-the-nine-year-bull-run-coming-to-an-end\/2317-png\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/10\/2317.png?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2317.png\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/10\/2317.png?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/10\/2317.png?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-623412\" class=\"content-area-description single-story post-623412 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-emerging-markets tag-enterpriseam tag-wall-street 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-03\"><\/a> ** #3 <strong>Wall Street went on a wild ride yesterday as investors \u201canticipate the end to a nine-year bull run\u201d amid trade and tech fears: <\/strong>US equities closed lower again yesterday after the \u201cwildest session since February\u2019s plunge\u201d the <a href=\"https:\/\/www.ft.com\/content\/64c8d0dc-dbb4-11e8-9f04-38d397e6661c\">Financial Times<\/a> says. Traders are \u201cfleeing the shares that were the stronger performers earlier this year,\u201d the <a href=\"https:\/\/www.wsj.com\/articles\/europe-stocks-rise-as-s-p-500-nears-correction-territory-1540803458?mod=hp_lead_pos2\">WSJ<\/a> adds. The S&amp;P 500 swung more than 4% within the day (from high to low) before closing down 0.7%, while Nasdaq 100 \u201ctumbled to its lowest level since May.\u201d <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-10-29\/five-things-you-need-to-know-to-start-your-day-jnuucwni\">Both indexes<\/a> \u201care on track for the steepest monthly declines of the record-long bull market.\u201d The MSCI world equity index slid c. 0.7%, while China\u2019s main index lost more than 3.3% at the end of trading yesterday, <a href=\"https:\/\/www.reuters.com\/article\/us-global-markets\/global-stocks-slide-as-investors-fret-over-new-tariffs-idUSKCN1N20W1?il=0\">according to Reuters<\/a>.<\/p><p><strong>The EGX30 closed up 0.7% yesterday <\/strong>on slightly lighter turnover than the trailing 90-day average.<\/p><p><strong>Fears of tech and trade are at play in the US sell-off <\/strong>as traders worried about the health of the nine-year bull run given \u201cconcerns about the global economy and a trade war with China as well as the outlook for technology companies and pace of interest rate rises.\u201d Weighing heavily: A suggestion that the US could slap \u201call remaining Chinese imports\u201d with additional tariffs if the two countries fail de-escalate tensions when President Donald Trump and his Chinese counterpart Xi Jinping meet next month in Buenos Aires. The new tariffs would be announced in December if talks prove unproductive, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-10-29\/u-s-said-to-plan-more-china-tariffs-if-trump-xi-meeting-fails\">sources told Bloomberg<\/a>.<\/p><p><strong>Silver lining #1 (if you\u2019re in Egypt): Oil took a little hit yesterday<\/strong> as concerns about the global economy sent Brent crude futures down USD 0.34 to USD 77.28 \/ bbl, <a href=\"https:\/\/www.reuters.com\/article\/us-global-oil\/oil-prices-fall-as-investors-wary-of-trade-slowdown-idUSKCN1N3028\">Reuters reports<\/a>. <strong>That\u2019s good news for Egypt<\/strong> as the government starts projecting oil prices for the FY2019-20 budget. We have more on that subject in this morning\u2019s Speed Round, below.<\/p><p><strong>Silver lining #2 (if you think you can pick \u2018em): <\/strong>Global stocks haven\u2019t looked this cheap since 2016, the <a href=\"https:\/\/www.wsj.com\/articles\/global-stocks-havent-looked-this-cheap-since-2016-1540821600?mod=hp_major_pos19\">Wall Street Journal<\/a> notes, pointing out that major indexes in Europe, Japan, China, Argentina and Canada are all \u201clanguishing in correction territory.\u201d<\/p><p><strong>How ugly do things look for EM right now? <\/strong>The Emerging Markets Zombie Apocalypse is still chewing on us all, whether you\u2019re looking at flows or index performance. Have a look:<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/emerging-markets\/\">emerging markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/wall-street\/\">Wall Street<\/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=\"623416\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 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   <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\/30\/another-humdrum-night-on-the-airwaves-2\/\">\r\n                            Another humdrum 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\" 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\/30\/another-humdrum-night-on-the-airwaves-2\/\" target=\"_blank\">\n                    Open in 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href=\"https:\/\/api.whatsapp.com\/send?text=Another+humdrum+night+on+the+airwaves+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F10%2F30%2Fanother-humdrum-night-on-the-airwaves-2%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/30\/another-humdrum-night-on-the-airwaves-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-623417\" class=\"content-area-description single-story post-623417 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-cybersecurity tag-education tag-enterprise-last-nights-talk-shows tag-enterpriseam tag-health tag-talk-shows wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The Education Ministry has closed down several unlicensed private tutoring centers in recent raids<\/strong>, Education Ministry spokesperson Ahmed Saber told Hona Al Asema. Legal action was also taken again unlicensed tutors, while registered teachers found working at these institutes have been referred to the ministry for investigation. The ministry will be launching its own after-school remedial classes program for students, which should also help increase teachers\u2019 salaries and allow them to stop relying on private classes (<a href=\"https:\/\/www.youtube.com\/watch?v=Tg1oaUsnps8\">watch, runtime: 7:17<\/a>).<\/p>\n<p><strong>The government is building a new oncology center in Sharqiya. <\/strong>The center has been on the table for some time but construction had stopped due to budget constraints after the EGP float in November 2016, Cabinet spokesperson Nader Saad told Hona Al Asema. Prime Minister Moustafa Madbouly ordered the government yesterday to resume work on the facility, which should be complete within 18-24 months (<a href=\"https:\/\/www.youtube.com\/watch?v=9Wp7A79uaZk\">watch, runtime: 7:44<\/a>). The story was also on Masaa DMC (<a href=\"https:\/\/www.youtube.com\/watch?v=aG2XjbtxYPo&t=264s\">watch, runtime: 7:08<\/a>).<\/p>\n<p>Meanwhile, <strong>cyber security expert Adel Abdel Moneim and Rep. Mohamed Hegazy discussed ways to detect false news<\/strong> with Amr Adib on El Hekaya (<a href=\"https:\/\/www.youtube.com\/watch?v=16oY-63GRyI&t=46s\">watch, runtime: 6:03<\/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\/cybersecurity\/\">cybersecurity<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-last-nights-talk-shows\/\">Enterprise+: Last Night\u2019s Talk Shows<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/health\/\">health<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"623418\" 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=\"623418\">\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\/30\/egypt-competition-watchdog-says-oustas-death-pushed-it-to-act-on-uber-careem-merger\/\">\r\n                            Egypt competition watchdog says Ousta\u2019s death pushed it to act on Uber, Careem 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\/30\/egypt-competition-watchdog-says-oustas-death-pushed-it-to-act-on-uber-careem-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\/30\/egypt-competition-watchdog-says-oustas-death-pushed-it-to-act-on-uber-careem-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\/30\/egypt-competition-watchdog-says-oustas-death-pushed-it-to-act-on-uber-careem-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 says Ousta\u2019s death pushed it to act on Uber, Careem merger&url=https:\/\/enterpriseam.com\/egypt\/2018\/10\/30\/egypt-competition-watchdog-says-oustas-death-pushed-it-to-act-on-uber-careem-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\/30\/egypt-competition-watchdog-says-oustas-death-pushed-it-to-act-on-uber-careem-merger\/&title=Egypt competition watchdog says Ousta\u2019s death pushed it to act on Uber, Careem 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+says+Ousta%E2%80%99s+death+pushed+it+to+act+on+Uber%2C+Careem+merger+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F10%2F30%2Fegypt-competition-watchdog-says-oustas-death-pushed-it-to-act-on-uber-careem-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\/30\/egypt-competition-watchdog-says-oustas-death-pushed-it-to-act-on-uber-careem-merger\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-623418\" class=\"content-area-description single-story post-623418 post type-post status-publish format-standard hentry category-speed-round tag-antitrust-act tag-careem tag-egyptian-competition-authority tag-enterpriseam tag-ma-watch tag-ride-hailing 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> ** #2 <strong>Competition watchdog says Ousta\u2019s collapse pushed it to act on Uber, Careem merger:<\/strong> The shutdown of Egyptian ride-hailing app Ousta signaled that the Egyptian Competition Authority (ECA) needed to keep an eye on the fast-growing industry, ECA head Emir Nabil said at a press conference on Monday, <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1338024\">according to AMAY<\/a>. \u201cThere is a trend in the ride-hailing apps sector away from competition, as evidenced by the collapse of Ousta,\u201d said Nabil. He also noted that <a href=\"https:\/\/enterprise.press\/stories\/2017\/04\/24\/eca-files-complaint-to-prosecutor-general-against-uber\/\">both Careem and Ousta had filed antitrust complaints<\/a> against Uber, claiming the global industry leader was trying to force a price war. The merger of Careem and Uber, which is could be worth as much as USD 2.5 bn, has the potential to hurt mns of users as well as the drivers who work for these companies, he added.<\/p>\n<p><strong>Nabil said both companies acknowledged that merger talks were happening<\/strong>, but claimed the ECA acted when neither Uber nor Careem disclosed details on the transaction talks (shocking that they may want to negotiate a transaction behind closed doors, we know\u2026). The ECA <a href=\"https:\/\/enterprise.press\/stories\/2018\/10\/25\/egypt-competition-watchdog-warns-uber-and-careem-of-fines-up-to-egp-500-mn-each-in-case-of-merger\/\">had recently issued a warning<\/a> to Uber and Careem that they could face fines of EGP 500 mn each unless they formally seek an ECA exemption from the Antitrust Act.<\/p>\n<p><strong>ECA trying to calm market on its push to regulate M&A: <\/strong>\u201cThe ECA does not want to stand in the way of M&As, but it must take steps if the risks of an M&A to the market are too high,\u201d said Nabil. We\u2019re taking that as a bid to calm fears that the ECA was using the Uber, Careem merger as a lever to gain more control over mergers and acquisitions. The ECA has been trying for the past two years to amend the Antitrust Act to give it sign-off powers on all M&A worth more than EGP 100 mn.<\/p>\n<p>In other ECA news,<strong> the authority is planning to look into the spike in potato prices<\/strong>, which has been driving the country hysterical of late. A working team has been formed to study pricing in the market. Nabil also noted that the ECA was cooperating with the UN on a new antitrust legal and policy research center in Cairo, which will launch on 19 November, <a href=\"https:\/\/www.youm7.com\/story\/2018\/10\/29\/%D9%85%D8%B5%D8%B1-%D8%AA%D9%81%D8%AA%D8%AD-%D8%A3%D9%88%D9%84-%D9%85%D8%B1%D9%83%D8%B2-%D8%A5%D9%82%D9%84%D9%8A%D9%85%D9%89-%D8%AF%D9%88%D9%84%D9%89-%D9%81%D9%89-%D9%82%D9%88%D8%A7%D9%86%D9%8A%D9%86-%D9%88%D8%B3%D9%8A%D8%A7%D8%B3%D8%A7%D8%AA-%D8%A7%D9%84%D9%85%D9%86%D8%A7%D9%81%D8%B3%D8%A9\/4009729\">according to Youm7<\/a>.<\/p>\n<p><strong>Speaking of spuds: Potato prices were still getting air time last night. <\/strong>Nabil, as well as cabinet spokesperson Nader Saad and Consumer Protection Agency head Reda Abdel Moaty phoned into various talk shows last night to discuss the issue (<a href=\"https:\/\/www.youtube.com\/watch?v=vXk9veK5mVo\">watch here, runtime: 12: 39<\/a>, <a href=\"https:\/\/www.youtube.com\/watch?v=9Wp7A79uaZk\">here, runtime: 7:44<\/a>, <a href=\"https:\/\/www.youtube.com\/watch?v=uzaefY27kWI\">here, runtime: 2:24<\/a>, and <a href=\"https:\/\/www.youtube.com\/watch?v=tIZ5rp4si1c\">here, runtime: 2:15<\/a>). Amr Adib also took note on El Hekaya (<a href=\"https:\/\/www.youtube.com\/watch?v=mBpm24xN09Q\">watch, runtime: 2:17<\/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\/antitrust-act\/\">Antitrust Act<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/ride-hailing\/\">ride-hailing<\/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=\"623428\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"623429\" 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=\"623429\">\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\/30\/what-were-tracking-this-week-and-beyond-79\/\">\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\/30\/what-were-tracking-this-week-and-beyond-79\/\" 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\/30\/what-were-tracking-this-week-and-beyond-79\/')\">\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\/30\/what-were-tracking-this-week-and-beyond-79\/\">\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\/30\/what-were-tracking-this-week-and-beyond-79\/\">\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\/30\/what-were-tracking-this-week-and-beyond-79\/&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%2F30%2Fwhat-were-tracking-this-week-and-beyond-79%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\/30\/what-were-tracking-this-week-and-beyond-79\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-623429\" class=\"content-area-description single-story post-623429 post type-post status-publish format-standard hentry category-up-next tag-angel-investment tag-enterpriseam tag-interest-rates tag-smes-act tag-up-next tag-world-youth-forum wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The first annual <\/strong><a href=\"http:\/\/www.mainmena.com\/conferences\/\"><strong>Middle East Conference on Business Angel Investment<\/strong><\/a><strong> will take place on Thursday<\/strong>, 1 November in El Gouna, <a href=\"https:\/\/enterprise.press\/wp-content\/uploads\/2018\/10\/MAIN_Summit-2018_PR-Release.pdf\">according to a statement<\/a> from the Middle East Angel Investment Network (MAIN). The conference will bring together angel investors, venture capitalists and others to discuss the latest trends in fintech, clean tech, health technology and transportation technology.<\/p>\n<p><strong>Egypt\u2019s <\/strong><a href=\"https:\/\/wyfegypt.com\/\"><strong>World Youth Forum 2018<\/strong><\/a>takes place in Sharm El Sheikh on Saturday, 3 November.<\/p>\n<p><strong>The draft SMEs Act is expected to be made public within a week<\/strong>, SMEs Development Authority head Nevine Gamea said on Wednesday, <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>. 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>The central bank reviews interest rates in a little over two weeks\u2019 time. <\/strong>The CBE\u2019s monetary policy committee meets on Thursday, 15 November.<\/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\/angel-investment\/\">Angel Investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/interest-rates\/\">interest rates<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/smes-act\/\">SMEs Act<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-youth-forum\/\">World Youth Forum<\/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=\"623430\" 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=\"623430\">\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\/30\/africas-unemployment-crisis-likely-to-worsen\/\">\r\n                            Africa\u2019s unemployment crisis likely to worsen                        <\/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\/30\/africas-unemployment-crisis-likely-to-worsen\/\" 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\/30\/africas-unemployment-crisis-likely-to-worsen\/')\">\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\/30\/africas-unemployment-crisis-likely-to-worsen\/\">\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=Africa\u2019s unemployment crisis likely to worsen&url=https:\/\/enterpriseam.com\/egypt\/2018\/10\/30\/africas-unemployment-crisis-likely-to-worsen\/\">\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\/30\/africas-unemployment-crisis-likely-to-worsen\/&title=Africa\u2019s unemployment crisis likely to worsen\">\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=Africa%E2%80%99s+unemployment+crisis+likely+to+worsen+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F10%2F30%2Fafricas-unemployment-crisis-likely-to-worsen%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\/30\/africas-unemployment-crisis-likely-to-worsen\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-623430\" class=\"content-area-description single-story post-623430 post type-post status-publish format-standard hentry category-the-macro-picture tag-africa tag-employment tag-enterpriseam tag-the-macro-picture wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>African countries are failing to create enough jobs for their young populations: <\/strong>Africa\u2019s deteriorating business environment will inevitably mean the continent will never be able to generate enough jobs for its growing working-age population, according to data from the <a href=\"http:\/\/s.mo.ibrahim.foundation\/u\/2018\/10\/28235917\/2018-IIAG-Press-Release.pdf?_ga=2.153510328.1860981170.1540824898-553945547.1540824898\">Mo Ibrahim Foundation\u2019s Index of African Governance (pdf)<\/a> picked up by the <a href=\"https:\/\/www.ft.com\/content\/9ab3ef10-da97-11e8-9f04-38d397e6661c\">Financial Times<\/a>. Unlike Europe and China, whose working-age populations will drop by the mns over the next 35 years, Africa, where the median age is 19, is expected to see its working-age population rise by some 900 mn people between 2015 and 2050.<\/p>\n<p><strong>\u201cTrickle down\u201d has failed in Africa, says Mo Ibrahim:<\/strong> \u201cOur gross domestic product has grown by a considerable amount over the past 10 years, but we haven\u2019t translated that into a sustainable economic opportunity,\u201d said Mo Ibrahim, the Sudanese businessman whose foundation aims at improving governance in Africa. \u201cSome people got really rich and enjoy all the fruits of economic boom, but no more jobs or economic opportunity were created. Trickle down doesn\u2019t work.\u201d Data showed that Africans across the continent\u2019s 54 countries mostly work in the informal sector and are not too happy with their jobs.<\/p>\n<p><strong>Pessimism pervades the report: <\/strong>The report gives credit to some countries for imposing economic policies to boost growth or improving their infrastructure with the help of Chinese investments, but says it\u2019s not enough, pointing to countries\u2019 failure to diversify their economies or increase their exports. It expected the continent\u2019s deteriorating business environment, including in key economies like South Africa and Egypt, to lead to \u201cbrain drain, political and social unrest, instability and armed conflict.\u201d<\/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\/africa\/\">Africa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/employment\/\">employment<\/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=\"623431\" 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=\"623431\">\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\/30\/economist-trolls-egypt-on-eastern-company-share-sale-delay\/\">\r\n                            Economist trolls Egypt on Eastern Company share sale delay                        <\/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\/30\/economist-trolls-egypt-on-eastern-company-share-sale-delay\/\" 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\/30\/economist-trolls-egypt-on-eastern-company-share-sale-delay\/')\">\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\/30\/economist-trolls-egypt-on-eastern-company-share-sale-delay\/\">\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=Economist trolls Egypt on Eastern Company share sale delay&url=https:\/\/enterpriseam.com\/egypt\/2018\/10\/30\/economist-trolls-egypt-on-eastern-company-share-sale-delay\/\">\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\/30\/economist-trolls-egypt-on-eastern-company-share-sale-delay\/&title=Economist trolls Egypt on Eastern Company share sale delay\">\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=Economist+trolls+Egypt+on+Eastern+Company+share+sale+delay+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F10%2F30%2Feconomist-trolls-egypt-on-eastern-company-share-sale-delay%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\/30\/economist-trolls-egypt-on-eastern-company-share-sale-delay\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-623431\" class=\"content-area-description single-story post-623431 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-eastern-company tag-egypt-in-the-news tag-enterpriseam tag-ipo-watch tag-state-privatization-program 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> ** #7 <strong>When the Economist trolls, it trolls hard:<\/strong> \u201c<a href=\"https:\/\/www.economist.com\/middle-east-and-africa\/2018\/10\/27\/egypt-stops-privatising-state-owned-firms?fsrc=scn\/tw\/te\/rfd\/pe\">Even a firm that sells cigarettes to addicts is a hard sell<\/a>\u201d the magazine (no, dudes, you\u2019re not a newspaper) declares in its headline about the <a href=\"https:\/\/enterprise.press\/stories\/2018\/10\/22\/state-privatization-program-postponed-amid-emerging-market-headwinds-govt-remains-completely-committed-to-program-but-could-tweak-lineup-of-participating-companies-2\/\">delay in Eastern Company\u2019s share sale<\/a>. Eastern\u2019s share sale could have been the success story the government was hoping for to kickstart a privatization program through which it looked to raise EGP 10 bn to tighten its ballooning budget deficit. This would have been the case had it not been for the dark cloud that has left emerging markets stock indexes 25% down, the publication notes. The state-run company delivered a profit of USD 239 mn in its most recent fiscal year, a 43% increase from the previous year, thanks to Egyptians being very fond of their favorite vice despite costs going up 20% since 2016. After describing Egypt as a minor basket case, the piece concludes by suggesting that \u201cStressed bureaucrats may need a smoke.\u201d Better that than a firing squad had they sold 4.5% of Eastern and seen the share price tank in the aftermarket as the global Emerging Markets Zombie Apocalypse continues to unfold. There are times when the Economist marries rapier wit, sarcasm and deep analysis to teach us a thing or two. Then there are times when it\u2019s just\u2026sophomoric at best. This is the latter.<\/p>\n<p>Other headlines worth noting in brief<\/p>\n<ul>\n<li><strong>The House of Representatives is working on a bill to shut down Islamist websites<\/strong>, <a href=\"https:\/\/aawsat.com\/english\/home\/article\/1441711\/egypt-parliament-seeks-shut-down-political-islam-sites\">Asharq Al-Awsat<\/a> claims, citing sources in parliament. <\/li>\n<li><strong>Irish-Egyptian Ibrahim Halawa is speaking again<\/strong> to the <a href=\"https:\/\/www.independent.ie\/irish-news\/news\/prison-has-changed-me-it-made-me-who-i-am-today-37459153.html\">Irish Independent<\/a> on his four-year spell in Egypt\u2019s prison. <\/li>\n<li><strong>The recent Egypt-Russia strategic cooperation protocol <\/strong><a href=\"https:\/\/enterprise.press\/stories\/2018\/10\/18\/el-sisi-putin-sign-cooperation-agreement-but-nothing-on-red-sea-flights\/\"><strong>agreement<\/strong><\/a> will ramp up bilateral ties and reaffirm a long-held relationship, Menna Farouk <a href=\"https:\/\/www.al-monitor.com\/pulse\/originals\/2018\/10\/egypt-russia-cooperation-agreement-economic-relations.html?utm_source=dlvr.it&utm_medium=twitter\">writes for Al-Monitor<\/a>.<\/li>\n<li><strong>It\u2019s someone else\u2019s fishermen for a change:<\/strong> Six Pakistani sailors have been stuck for six months in Egypt\u2019s Safaga Port<strong>, <\/strong>as their ship owner has not yet cleared disagreements over port charges, <a href=\"https:\/\/www.geo.tv\/latest\/216423-six-pakistanis-stranded-on-port-of-egypt\">Pakistan\u2019s Geo TV reported<\/a>.<\/li>\n<li><strong>Match fixing? <\/strong>Algeria\u2019s national team manager claims the team was instructed by Algerian authorities to throw its 2010 AFCON semifinal against Egypt, <a href=\"https:\/\/ghanasoccernet.com\/former-algeria-manager-claims-they-lost-2010-afcon-semi-final-to-egypt-on-purpose\">according to Ghana Soccer Net<\/a>.<\/li>\n<\/ul>\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\/eastern-company\/\">Eastern Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-in-the-news\/\">Egypt in the News<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ipo-watch\/\">IPO watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/state-privatization-program\/\">state privatization program<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"623432\" 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=\"623432\">\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\">On Deadline<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/30\/people-should-not-be-allowed-to-hold-weddings-at-ancient-historical-sites\/\">\r\n                            People should not be allowed to hold weddings at ancient historical sites                        <\/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\/30\/people-should-not-be-allowed-to-hold-weddings-at-ancient-historical-sites\/\" 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\/30\/people-should-not-be-allowed-to-hold-weddings-at-ancient-historical-sites\/')\">\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\/30\/people-should-not-be-allowed-to-hold-weddings-at-ancient-historical-sites\/\">\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=People should not be allowed to hold weddings at ancient historical sites&url=https:\/\/enterpriseam.com\/egypt\/2018\/10\/30\/people-should-not-be-allowed-to-hold-weddings-at-ancient-historical-sites\/\">\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\/30\/people-should-not-be-allowed-to-hold-weddings-at-ancient-historical-sites\/&title=People should not be allowed to hold weddings at ancient historical sites\">\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=People+should+not+be+allowed+to+hold+weddings+at+ancient+historical+sites+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F10%2F30%2Fpeople-should-not-be-allowed-to-hold-weddings-at-ancient-historical-sites%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\/30\/people-should-not-be-allowed-to-hold-weddings-at-ancient-historical-sites\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-623432\" class=\"content-area-description single-story post-623432 post type-post status-publish format-standard hentry category-on-deadline tag-enterpriseam tag-on-deadline wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>People should not be allowed to hold events at historical sites<\/strong>, Amr Hashem Rabie writes in a <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1337870\">piece for Al Masry Al Youm<\/a>. He argues that out of concern for national heritage, authorities should stop giving individuals permission to hold weddings at ancient sites such as the temples of Karnak and Philae. The preparations alone \u2014 such as setting up for lights and music (not to mention the guests who would then be running around) \u2014 could be destructive and can accelerate the erosion of monuments that have stood for thousands of years.<\/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\/on-deadline\/\">On Deadline<\/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=\"623433\" 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=\"623433\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/30\/el-sisi-talks-diplomacy-during-berlin-visit\/\">\r\n                            El Sisi talks diplomacy during Berlin visit                        <\/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\/30\/el-sisi-talks-diplomacy-during-berlin-visit\/\" 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\/30\/el-sisi-talks-diplomacy-during-berlin-visit\/')\">\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\/30\/el-sisi-talks-diplomacy-during-berlin-visit\/\">\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=El Sisi talks diplomacy during Berlin visit&url=https:\/\/enterpriseam.com\/egypt\/2018\/10\/30\/el-sisi-talks-diplomacy-during-berlin-visit\/\">\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\/30\/el-sisi-talks-diplomacy-during-berlin-visit\/&title=El Sisi talks diplomacy during Berlin visit\">\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=El+Sisi+talks+diplomacy+during+Berlin+visit+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F10%2F30%2Fel-sisi-talks-diplomacy-during-berlin-visit%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\/30\/el-sisi-talks-diplomacy-during-berlin-visit\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-623433\" class=\"content-area-description single-story post-623433 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-abdel-fattah-el-sisi tag-diplomacy tag-diplomacy-foreign-trade tag-enterpriseam tag-g20 tag-germany wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>El Sisi\u2019s second day in Berlin:<\/strong> President Abdel Fattah El Sisi met yesterday with the CEO of Germany\u2019s ThyssenKrupp, Ralph Reichmann, to discuss ways to boost cooperation on fertilizer manufacturing, <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/photos\/a.153526355166753\/497464477439604\/?type=3&theater\">Ittihadiya said in a statement<\/a>. Reichmann said his company that his company is willing to study new investments in Egypt.<\/p>\n<p><strong>El Sisi also met with a number of state officials<\/strong> while in Berlin for the G20 Compact with Africa conference, including his German counterpart<a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/497280857457966?__tn__=-R\">Frank Steinmeier<\/a>, Economic Cooperation and Development Minister <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/photos\/a.153526355166753\/497449667441085\/?type=3&theater\">Gerd M\u00fcller<\/a> for talks on economic and education development, and Bundestag President <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/497286174124101?__xts__%5B0%5D=68.ARCxoovt6-8Die0gwF7LJ9HCKP6P_7U9ccDyAfWEAuM6l4CPy7Btq3QqeDM9au0Hi0QOU8LCpbYm746Dl1sBF_nbd1OsnigJ2SA_dWcnrq-1s7tZsbxATz0WPe9UYH2X6XEB_KxgjMVDnrT6e1TcT04_jfbGkltPsaYeg4hkxqm8VJbC2Z6HVCD2oRs8xBPH46HLSoMp_ZS3Tjm4ffwU0-8O&__tn__=-R\">Wolfgang Sch\u00e4uble<\/a>. El Sisi, <a href=\"http:\/\/www.sis.gov.eg\/Story\/135864\/Sisi-arrives-in-Berlin-for-G20-summit?lang=en-us\">who\u2019s in Berlin for four days<\/a>, is also set to hold bilateral talks with the German Chancellor Angela Merkel. His visit comes the EU looks to cement a policy of having North African countries police waters for illegal migration in exchange for development aid. EU officials have been promoting Egypt\u2019s role in this.<\/p>\n<p><strong>Also from Berlin, El Sisi spoke on the phone with South Sudanese President Salva Kiir <\/strong>to assure him of Egypt\u2019s continued support for the South Sudan peace process, <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/\">an Ittihadiya statement reads<\/a>.<\/p>\n<p><strong>The trip was all over the airwaves<\/strong>, with coverage on El Hekaya (<a href=\"https:\/\/www.youtube.com\/watch?v=oQuEvZURyD0\">watch, runtime: 5:31<\/a>), Hona Al Asema (<a href=\"https:\/\/www.youtube.com\/watch?v=f0btf4nYGXo\">watch, runtime: 51:50<\/a>), Al Hayah Al Youm (<a href=\"https:\/\/www.youtube.com\/watch?v=jrS_UNnGxKg\">watch here, runtime: 5:21<\/a> and <a href=\"https:\/\/www.youtube.com\/watch?v=vWX3lScKPzs\">here, runtime: 5:19<\/a>), and Masaa DMC (<a href=\"https:\/\/www.youtube.com\/watch?v=o6C00WCNels\">watch, runtime: 4:26<\/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\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy-foreign-trade\/\">Diplomacy + Foreign Trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/g20\/\">G20<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/germany\/\">Germany<\/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=\"623434\" 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=\"623434\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/30\/ebrd-to-help-karmsolar-raise-financing-for-10-mw-solar-power-station\/\">\r\n                            EBRD to help KarmSolar raise financing for 10 MW solar power station                        <\/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\/30\/ebrd-to-help-karmsolar-raise-financing-for-10-mw-solar-power-station\/\" 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\/30\/ebrd-to-help-karmsolar-raise-financing-for-10-mw-solar-power-station\/')\">\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\/30\/ebrd-to-help-karmsolar-raise-financing-for-10-mw-solar-power-station\/\">\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=EBRD to help KarmSolar raise financing for 10 MW solar power station&url=https:\/\/enterpriseam.com\/egypt\/2018\/10\/30\/ebrd-to-help-karmsolar-raise-financing-for-10-mw-solar-power-station\/\">\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\/30\/ebrd-to-help-karmsolar-raise-financing-for-10-mw-solar-power-station\/&title=EBRD to help KarmSolar raise financing for 10 MW solar power station\">\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=EBRD+to+help+KarmSolar+raise+financing+for+10+MW+solar+power+station+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F10%2F30%2Febrd-to-help-karmsolar-raise-financing-for-10-mw-solar-power-station%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\/30\/ebrd-to-help-karmsolar-raise-financing-for-10-mw-solar-power-station\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-623434\" class=\"content-area-description single-story post-623434 post type-post status-publish format-standard hentry category-energy tag-ebrd tag-energy tag-enterpriseam tag-karmsolar tag-renewables tag-solar-power 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\/.b1157d51-7e4a-4ccd-a3fb-fc2467bfca0e.mp3\"><\/audio><\/figure>\n<p>The European Bank for Reconstruction and Development (EBRD) will be helping KarmSolar raise financing for a 10 MW solar power station that it\u2019s building for a \u201cprominent client,\u201d KarmSolar announced in a <a href=\"https:\/\/ent.news\/2018\/10\/1592.pdf\">press release yesterday (pdf)<\/a>. The company signed a mandate letter with the EBRD for the funding that will also see the latter provide KarmSolar with \u201ctechnical assistance for its governance and compliance efforts to make sure the company is ready for an eventual IPO.\u201d KarmSolar \u2014 which has already signed a power purchase agreement for the station \u2014 is hoping to reach financial close in January 2019, Chairman Amr El Sawaf said. No further details were provided.<\/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\/ebrd\/\">EBRD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/karmsolar\/\">KarmSolar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/solar-power\/\">solar power<\/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=\"623435\" 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=\"623435\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">Basic Materials + Commodities<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/30\/wheat-reserves-enough-to-beginning-of-march\/\">\r\n                            Wheat reserves enough to beginning of March                        <\/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\/30\/wheat-reserves-enough-to-beginning-of-march\/\" 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\/30\/wheat-reserves-enough-to-beginning-of-march\/')\">\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\/30\/wheat-reserves-enough-to-beginning-of-march\/\">\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=Wheat reserves enough to beginning of March&url=https:\/\/enterpriseam.com\/egypt\/2018\/10\/30\/wheat-reserves-enough-to-beginning-of-march\/\">\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\/30\/wheat-reserves-enough-to-beginning-of-march\/&title=Wheat reserves enough to beginning of March\">\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=Wheat+reserves+enough+to+beginning+of+March+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F10%2F30%2Fwheat-reserves-enough-to-beginning-of-march%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\/30\/wheat-reserves-enough-to-beginning-of-march\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-623435\" class=\"content-area-description single-story post-623435 post type-post status-publish format-standard hentry category-basic-materials-commodities tag-basic-materials-commodities tag-commodities tag-enterpriseam tag-foreign-reserves tag-supply-ministry 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\/.216b0896-94bb-42f6-9c29-5a351a746b4a.mp3\"><\/audio><\/figure>\n<p>Egypt\u2019s strategic wheat reserves are enough to last until the first week of March, Supply Ministry spokesman Ahmed Kamal said, <a href=\"https:\/\/ara.reuters.com\/article\/businessNews\/idARAKCN1N31VD\">according to Reuters\u2019 Arabic Service<\/a>. The state buyer recently purchased 470k tonnes of wheat in an international tender for delivery between 11-20 December.<\/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\/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\/foreign-reserves\/\">foreign reserves<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/supply-ministry\/\">Supply Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <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=\"623436\" 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=\"623436\">\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\">Health + Education<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/30\/alliance-of-german-universities-to-establish-applied-sciences-university-in-egypt\/\">\r\n                            Alliance of German universities to establish applied sciences university in Egypt                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/30\/alliance-of-german-universities-to-establish-applied-sciences-university-in-egypt\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2018\/10\/30\/alliance-of-german-universities-to-establish-applied-sciences-university-in-egypt\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2018\/10\/30\/alliance-of-german-universities-to-establish-applied-sciences-university-in-egypt\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Alliance of German universities to establish applied sciences university in Egypt&url=https:\/\/enterpriseam.com\/egypt\/2018\/10\/30\/alliance-of-german-universities-to-establish-applied-sciences-university-in-egypt\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2018\/10\/30\/alliance-of-german-universities-to-establish-applied-sciences-university-in-egypt\/&title=Alliance of German universities to establish applied sciences university in Egypt\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Alliance+of+German+universities+to+establish+applied+sciences+university+in+Egypt+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F10%2F30%2Falliance-of-german-universities-to-establish-applied-sciences-university-in-egypt%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/30\/alliance-of-german-universities-to-establish-applied-sciences-university-in-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-623436\" class=\"content-area-description single-story post-623436 post type-post status-publish format-standard hentry category-health-education tag-education tag-enterpriseam tag-germany tag-health-education tag-new-administrative-capital 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\/.6d83b030-2277-4e77-af6d-cc27fa0c0eca.mp3\"><\/audio><\/figure>\n<p>An alliance of German Universities known as the <a href=\"http:\/\/www.uas7.org\/about-uas7.html\">UAS7<\/a> plans to establish a German university for applied sciences at the new administrative capital, Higher Education Minister Khaled Abdel Ghaffar said, <a href=\"https:\/\/www.youm7.com\/story\/2018\/10\/29\/%D9%88%D8%B2%D9%8A%D8%B1-%D8%A7%D9%84%D8%AA%D8%B9%D9%84%D9%8A%D9%85-%D8%A7%D9%84%D8%B9%D8%A7%D9%84%D9%89-%D9%86%D8%AA%D9%88%D9%82%D8%B9-%D8%A8%D8%AF%D8%A1-%D8%A7%D9%84%D8%AF%D8%B1%D8%A7%D8%B3%D8%A9-%D8%A8%D8%A7%D9%84%D8%AC%D8%A7%D9%85%D8%B9%D8%A9-%D8%A7%D9%84%D8%A3%D9%84%D9%85%D8%A7%D9%86%D9%8A%D8%A9-%D8%A8%D9%85%D8%B5%D8%B1-2020\/4010429\">according to Youm7<\/a>. The project will be developed with support from the German government and German Development Agency (GIZ), Abdel Ghaffar said. The school should be open its doors to incoming students by 2020, he added. No further details were provided.<\/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\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/germany\/\">Germany<\/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\/new-administrative-capital\/\">new administrative capital<\/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=\"623437\" 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=\"623437\">\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\">Tourism<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/30\/sharm-airport-receives-first-flight-from-kazakhstan\/\">\r\n                            Sharm airport receives first flight from Kazakhstan                        <\/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\/30\/sharm-airport-receives-first-flight-from-kazakhstan\/\" 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\/30\/sharm-airport-receives-first-flight-from-kazakhstan\/')\">\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\/30\/sharm-airport-receives-first-flight-from-kazakhstan\/\">\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=Sharm airport receives first flight from Kazakhstan&url=https:\/\/enterpriseam.com\/egypt\/2018\/10\/30\/sharm-airport-receives-first-flight-from-kazakhstan\/\">\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\/30\/sharm-airport-receives-first-flight-from-kazakhstan\/&title=Sharm airport receives first flight from Kazakhstan\">\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=Sharm+airport+receives+first+flight+from+Kazakhstan+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F10%2F30%2Fsharm-airport-receives-first-flight-from-kazakhstan%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\/30\/sharm-airport-receives-first-flight-from-kazakhstan\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-623437\" class=\"content-area-description single-story post-623437 post type-post status-publish format-standard hentry category-tourism tag-aviation tag-enterpriseam tag-kazakhstan tag-russia 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\/.d508952e-dffd-4adc-bf61-80924f2b6484.mp3\"><\/audio><\/figure>\n<p>Sharm El Sheikh International Airport received yesterday its first flight from the Kazakh capital of Taraz, which carried 221 Russian tourists, <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/315352\/Egypt\/Politics-\/Egypts-Sharm-ElSheikh-airport-receives-st-Kazakh-f.aspx\">Ahram Online reports<\/a>. The airport will be receiving one flight a week from Taraz.<\/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\/aviation\/\">aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/kazakhstan\/\">Kazakhstan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/russia\/\">Russia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"623438\" 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=\"623438\">\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\">Telecoms + ICT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/30\/egypt-signs-agreement-with-ggtt-korea-telecom-for-faster-landline-internet-service\/\">\r\n                            Egypt signs agreement with GGTT, Korea Telecom for faster landline internet service                        <\/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\/30\/egypt-signs-agreement-with-ggtt-korea-telecom-for-faster-landline-internet-service\/\" 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\/30\/egypt-signs-agreement-with-ggtt-korea-telecom-for-faster-landline-internet-service\/')\">\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\/30\/egypt-signs-agreement-with-ggtt-korea-telecom-for-faster-landline-internet-service\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt signs agreement with GGTT, Korea Telecom for faster landline internet service&url=https:\/\/enterpriseam.com\/egypt\/2018\/10\/30\/egypt-signs-agreement-with-ggtt-korea-telecom-for-faster-landline-internet-service\/\">\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\/30\/egypt-signs-agreement-with-ggtt-korea-telecom-for-faster-landline-internet-service\/&title=Egypt signs agreement with GGTT, Korea Telecom for faster landline internet service\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+signs+agreement+with+GGTT%2C+Korea+Telecom+for+faster+landline+internet+service+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F10%2F30%2Fegypt-signs-agreement-with-ggtt-korea-telecom-for-faster-landline-internet-service%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\/30\/egypt-signs-agreement-with-ggtt-korea-telecom-for-faster-landline-internet-service\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-623438\" class=\"content-area-description single-story post-623438 post type-post status-publish format-standard hentry category-telecoms-ict tag-cit tag-enterpriseam tag-korea tag-suez-canal tag-telecoms-ict 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\/.2677dea1-6ac6-44c9-afec-09b719be2f0c.mp3\"><\/audio><\/figure>\n<p>South Korea\u2019s Giga Global For Telecom & Technology (GGTT) and Korea Telecom will be supplying the Suez Canal with its new technology system that should help increase the internet speed in the area to 1GBps, Korea Telecom Chairman and CEO Chang-Gyu Hwang announced at a press conference yesterday, <a href=\"https:\/\/almalnews.com\/Story\/396308\/17\/%D8%AC%D9%8A%D8%AC%D8%A7%D8%AC%D9%84%D9%88%D8%A8%D8%A7%D9%84-%D9%88%D9%83%D9%88%D8%B1%D9%8A%D8%A7-%D8%AA%D9%84%D9%8A%D9%83%D9%88%D9%85-%D8%AA%D9%88%D9%82%D8%B9%D8%A7%D9%86-%D8%A7%D8%AA%D9%81%D8%A7%D9%82%D9%8A%D8%A9-%D9%85%D8%B9-%D9%82%D9%86%D8%A7%D8%A9-%D8%A7%D9%84\">Al Mal reports<\/a>. The two sides signed an agreement to that effect yesterday, but provided no details on the value or timeline of the contract.<\/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\/cit\/\">CIT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/korea\/\">Korea<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/suez-canal\/\">Suez Canal<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/telecoms-ict\/\">Telecoms + ICT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"623439\" 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=\"623439\">\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\">Egypt Politics + Economics<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/30\/court-orders-econ-book-author-released-pending-investigation-of-false-news-charges\/\">\r\n                            Court orders econ book author released pending investigation of \u201cfalse news\u201d charges                        <\/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\/30\/court-orders-econ-book-author-released-pending-investigation-of-false-news-charges\/\" 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\/30\/court-orders-econ-book-author-released-pending-investigation-of-false-news-charges\/')\">\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\/30\/court-orders-econ-book-author-released-pending-investigation-of-false-news-charges\/\">\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=Court orders econ book author released pending investigation of \u201cfalse news\u201d charges&url=https:\/\/enterpriseam.com\/egypt\/2018\/10\/30\/court-orders-econ-book-author-released-pending-investigation-of-false-news-charges\/\">\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\/30\/court-orders-econ-book-author-released-pending-investigation-of-false-news-charges\/&title=Court orders econ book author released pending investigation of \u201cfalse news\u201d charges\">\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=Court+orders+econ+book+author+released+pending+investigation+of+%E2%80%9Cfalse+news%E2%80%9D+charges+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F10%2F30%2Fcourt-orders-econ-book-author-released-pending-investigation-of-false-news-charges%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\/30\/court-orders-econ-book-author-released-pending-investigation-of-false-news-charges\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-623439\" class=\"content-area-description single-story post-623439 post type-post status-publish format-standard hentry category-egypt-politics-economics tag-egypt-politics-economics tag-enterpriseam tag-law tag-media 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\/.66f9fc8d-0bf7-4dac-9479-730eeb8cbf01.mp3\"><\/audio><\/figure>\n<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> ** #8 A Cairo court ordered the release of author Abdel Khalek Farouk yesterday, pending further investigation of charges he spread false news in a forthcoming book critical of the economy, <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1338017\">according to Al Masry Al Youm<\/a>. Farouk <a href=\"https:\/\/enterprise.press\/stories\/2018\/10\/22\/author-of-forthcoming-book-critical-of-economy-said-arrested-house-extends-nationwide-state-of-emergency-for-three-months\/\">was arrested this month<\/a> along with the publisher of his upcoming book \u201cIs Egypt a poor country?\u201d<\/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\/egypt-politics-economics\/\">Egypt Politics + Economics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/media\/\">media<\/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=\"623440\" 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=\"623440\">\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\">Sports<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/30\/hossam-hassan-appointed-as-pyramids-fc-manager\/\">\r\n                            Hossam Hassan appointed as Pyramids FC manager                        <\/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\/30\/hossam-hassan-appointed-as-pyramids-fc-manager\/\" 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\/30\/hossam-hassan-appointed-as-pyramids-fc-manager\/')\">\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\/30\/hossam-hassan-appointed-as-pyramids-fc-manager\/\">\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=Hossam Hassan appointed as Pyramids FC manager&url=https:\/\/enterpriseam.com\/egypt\/2018\/10\/30\/hossam-hassan-appointed-as-pyramids-fc-manager\/\">\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\/30\/hossam-hassan-appointed-as-pyramids-fc-manager\/&title=Hossam Hassan appointed as Pyramids FC manager\">\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=Hossam+Hassan+appointed+as+Pyramids+FC+manager+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F10%2F30%2Fhossam-hassan-appointed-as-pyramids-fc-manager%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\/30\/hossam-hassan-appointed-as-pyramids-fc-manager\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-623440\" class=\"content-area-description single-story post-623440 post type-post status-publish format-standard hentry category-_newspack_sports tag-enterpriseam tag-sports wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.e8e15eb1-7319-4461-ada4-2963756b3034.mp3\"><\/audio><\/figure>\n<p>Saudi-owned Egyptian football club Pyramids announced yesterday that retired Ahly and Zamalek striker Hossam Hassan has been named team manager in place of Argentinian coach Ricardo La Volpe, <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/6\/51\/315358\/Sports\/Egyptian-Football\/Egypts-Pyramids-appoint-Hossam-Hassan-as-new-coach.aspx\">Ahram Online reports<\/a>. Hassan resigned from his post as El Masry club\u2019s head coach on Monday morning, but the club\u2019s board has apparently <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/6\/51\/315353\/Sports\/Egyptian-Football\/Egypts-Masry-stick-with-coach-Hossam-Hassan-despit.aspx\">rejected his resignation<\/a> hours after his new appointment was announced.<\/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\/sports\/\">sports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"623441\" 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=\"623441\">\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\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/30\/upcoming-middle-eastern-directors-could-bring-more-oscars-home\/\">\r\n                            Upcoming Middle Eastern directors could bring more Oscars home                        <\/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\/30\/upcoming-middle-eastern-directors-could-bring-more-oscars-home\/\" 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\/30\/upcoming-middle-eastern-directors-could-bring-more-oscars-home\/')\">\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\/30\/upcoming-middle-eastern-directors-could-bring-more-oscars-home\/\">\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=Upcoming Middle Eastern directors could bring more Oscars home&url=https:\/\/enterpriseam.com\/egypt\/2018\/10\/30\/upcoming-middle-eastern-directors-could-bring-more-oscars-home\/\">\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\/30\/upcoming-middle-eastern-directors-could-bring-more-oscars-home\/&title=Upcoming Middle Eastern directors could bring more Oscars home\">\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=Upcoming+Middle+Eastern+directors+could+bring+more+Oscars+home+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F10%2F30%2Fupcoming-middle-eastern-directors-could-bring-more-oscars-home%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\/30\/upcoming-middle-eastern-directors-could-bring-more-oscars-home\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-623441\" class=\"content-area-description single-story post-623441 post type-post status-publish format-standard hentry category-on-your-way-out tag-academy-awards tag-culture tag-enterpriseam tag-film 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> ** #9 <strong>Upcoming Middle Eastern directors could bring more Oscars home:<\/strong> Young, upcoming Middle Eastern directors could bring Oscars home with their innovative and unique approachesto filmmaking, <a href=\"https:\/\/www.al-monitor.com\/pulse\/originals\/2018\/10\/middle-easts-young-directors-covet-oscar.html\">says Al-Monitor<\/a>. \u201cIf the young directors pull off a few international awards in 2019, it may mark the beginning of a youth revolution in Middle Eastern cinema,\u201d film blogger Ismail Sonaa said. Egypt\u2019s <a href=\"https:\/\/www.imdb.com\/title\/tt6846432\/?ref_=nm_ov_bio_lk1\">Yommedine<\/a>, and Lebanese writer and director Nadine Labaki\u2019s <a href=\"https:\/\/www.imdb.com\/title\/tt8267604\/?ref_=nm_ov_bio_lk3\">Capernaum<\/a> are the region\u2019s frontrunners for best foreign films in the <a href=\"https:\/\/en.wikipedia.org\/wiki\/91st_Academy_Awards\">91st Academic Awards ceremony<\/a>. Yommedine emerged as a jewel among critics after its screening in Cannes Film Festival <a href=\"https:\/\/enterprise.press\/stories\/2018\/05\/13\/yomeddine-star-rises-as-breakout-star-at-cannes-film-festival\/\">earlier this year<\/a> where it had won the Fran\u00e7ois Chalais Prize and was selected <a href=\"https:\/\/enterprise.press\/stories\/2018\/09\/13\/yomeddine-to-represent-egypt-in-this-years-best-foreign-language-oscar-race\/\">shortly after<\/a> to represent Egypt in the Academy Awards\u2019 Foreign Language category.<\/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\/academy-awards\/\">Academy Awards<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/film\/\">film<\/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=\"623444\" 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=\"623444\">\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\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/30\/623444\/\">\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\/30\/623444\/\" 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\/30\/623444\/')\">\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\/30\/623444\/\">\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\/30\/623444\/\">\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\/30\/623444\/&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%2F30%2F623444%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\/30\/623444\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-623444\" class=\"content-area-description single-story post-623444 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<p><strong>EGP \/ USD CBE market average: <\/strong>Buy 17.86 | Sell 17.95<strong><\/p>\n<p>EGP \/ USD at CIB:<\/strong> Buy 17.86 | Sell 17.96<\/p>\n<p><strong>EGP \/ USD at NBE: <\/strong>Buy 17.78 | Sell 17.88<\/p>\n<p><strong>EGX30<\/strong> (Monday): 13,074 (+0.7%)<\/p>\n<p><strong>Turnover:<\/strong> EGP 666 mn (5% below the 90-day average)<\/p>\n<p><strong>EGX 30 year-to-date<\/strong>: -12.9%<\/p>\n<p><strong>THE MARKET ON MONDAY:<\/strong> The EGX30 ended Monday\u2019s session up 0.7%. CIB, the index heaviest constituent ended up 0.2%. EGX30\u2019s top performing constituents were Pioneers Holding up 4.6% and Palm Hills up 3.9%, and Sidi Kerir Petrochemicals up 2.7%. Yesterday\u2019s worst performing stocks were AMOC down 1.9%, Juhayna down 0.4% and Egypt Aluminum down 0.4%. The market turnover was EGP 666 mn, and regional investors were the sole net buyers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Short | EGP -1.5 mn<\/p>\n<p><strong>Regional<\/strong>: Net Long | EGP +3.9 mn<\/p>\n<p><strong>Domestic<\/strong>: Net Short | EGP -2.3 mn<\/p>\n<p><strong>Retail<\/strong>: 60.7% of total trades | 60.9% of buyers | 60.4% of sellers<\/p>\n<p><strong>Institutions<\/strong>: 39.3% of total trades | 39.1% of buyers | 39.6% of sellers<\/p>\n<p><strong>Foreign:<\/strong> 18.6% of total | 18.5% of buyers | 18.7% of sellers<\/p>\n<p><strong>Regional:<\/strong> 14.8% of total | 15.1% of buyers | 14.6% of sellers<\/p>\n<p><strong>Domestic:<\/strong> 66.6% of total | 66.4% of buyers | 66.7% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 66.69 (-0.52%)<\/p>\n<p><strong>Brent:<\/strong> USD 77.34 (-0.36%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 3.19 MMBtu, (+0.00%, December 2018 contract)<\/p>\n<p><strong>Gold:<\/strong> USD 1,231.80\/ troy ounce (+0.34%)<\/p>\n<p><strong>TASI:<\/strong> 7,847.51 (+0.57%) (YTD: +8.60%)<\/p>\n<p><strong>ADX:<\/strong> 4,871.58 (-0.53%) (YTD: +10.76%)<\/p>\n<p><strong>DFM:<\/strong> 2,714.83 (-0.37%) (YTD: -19.44%)<\/p>\n<p><strong>KSE Premier Market:<\/strong> 5,216.73 (-0.02%)<\/p>\n<p><strong>QE:<\/strong> 10,191.68 (+0.47%) (YTD: +19.57%)<\/p>\n<p><strong>MSM:<\/strong> 4,428.80 (-0.57%) (YTD: -13.15%)<\/p>\n<p><strong>BB: <\/strong>1,315.04 (-0.29%) (YTD: -1.25%)<\/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\/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=\"623445\" 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\/30\/623445\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-623445\" class=\"content-area-description single-story post-623445 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>28-30 October (Sunday-Tuesday): <a href=\"http:\/\/ifegy.net\/sharmrend\/home\/\">1st Sharm El Sheikh Rendezvous<\/a>, annual meeting of the insurance and reinsurance industry, Savoy Resort, Sharm El Sheikh, Egypt.<\/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 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\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":623411,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-623410","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"38a9a833-4a37-4509-af2b-3da38068d16b","teaser":"","photo_url":"https:\/\/ent.news\/2018\/10\/2459.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>Ousta collapse prompted watchdog to look at Uber, Careem 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\" href=\"https:\/\/enterpriseam.com\/egypt\/issues\/ousta-collapse-prompted-watchdog-to-look-at-uber-careem-merger\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" 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