{"id":624693,"date":"2018-09-17T04:11:37","date_gmt":"2018-09-17T04:11:37","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=624693"},"modified":"2025-12-17T08:10:22","modified_gmt":"2025-12-17T08:10:22","slug":"biggest-egx-selloff-since-jan-17","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/biggest-egx-selloff-since-jan-17\/","title":{"rendered":"Biggest EGX selloff since Jan \u201817"},"content":{"rendered":"<section id=\"624695\" 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=\"624695\">\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\/09\/17\/what-were-tracking-on-17-september-2018\/\">\r\n                            What we\u2019re tracking on 17 September 2018                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/what-were-tracking-on-17-september-2018\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/what-were-tracking-on-17-september-2018\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/what-were-tracking-on-17-september-2018\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=What we\u2019re tracking on 17 September 2018&url=https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/what-were-tracking-on-17-september-2018\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/what-were-tracking-on-17-september-2018\/&title=What we\u2019re tracking on 17 September 2018\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=What+we%E2%80%99re+tracking+on+17+September+2018+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F09%2F17%2Fwhat-were-tracking-on-17-september-2018%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/what-were-tracking-on-17-september-2018\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-624695\" class=\"content-area-description single-story post-624695 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-enterpriseam tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_27645\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\">\n<p class=\"f-graphik\" style=\"font-size:14px\">Together with<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27482.svg\" alt=\"\" class=\"wp-image-27482\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><strong>The EGX30 posted its biggest one-day loss in more than a year and a half yesterday <\/strong>as the market reacted to the arrest of principals accused in the so-called Al Watan Bank case, which dates back to immediately after the events of January 2011. The sell-off was overdone and on thin volumes, but underscores that the sell-off comes at a delicate time for market sentiment. We have more in today\u2019s Speed Round, below.<\/p><p><strong>Drivers of heavy trucks who turned onto the Cairo Ring Road yesterday were warned <\/strong>that a ban on daytime driving there will carry fines of up to EGP 3,000, <u><a href=\"http:\/\/www.shorouknews.com\/news\/view.aspx?cdate=16092018&amp;id=0603aea7-36b7-4701-92e2-73474ce82c66\">Al Shorouk reported<\/a><\/u>. Drivers also risk losing their licenses. A daytime ban on heavy trucks carrying more than four tonnes of cargo <u><a href=\"https:\/\/enterprise.press\/stories\/2018\/09\/16\/what-were-tracking-on-16-september-2018\/\">kicked off on Saturday<\/a><\/u>.<\/p><p><strong>Two questions that will help shape sentiment on emerging markets this week: <\/strong>Can oil stay in the USD 80 neighborhood? And is the USD, down 1.7% in the last four weeks against its major global peers, going to continue slipping? The <u><a href=\"https:\/\/www.ft.com\/content\/fce9dea8-b803-11e8-bbc3-ccd7de085ffe\">Financial Times<\/a><\/u> looks at the over \/ under on both questions.<\/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\/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=\"624702\" 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  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stk-block-content stk-block-carousel__slider-wrapper stk-content-align stk-a38cfb2-column alignwide\">\r\n                <div class=\"stk-block-carousel__slider\" role=\"list\" data-autoplay=\"4000\" data-label-slide-of=\"Slide %%d of %%d\">\r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-46c5f99\" data-v=\"4\" data-block-id=\"46c5f99\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-46c5f99-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-46c5f99-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240922.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.hsbc.com.eg\/\" target=\"_blank\" 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class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240925.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/weareinfinity.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/27483.png?fit=300%2C300&#038;ssl=1\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Powering with nature<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-ay5up92\" data-v=\"4\" data-block-id=\"ay5up92\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-ay5up92-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-ay5up92-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240926.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.qalaaholdings.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/110691.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Driving growth<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button 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0l-22.667-22.667c-9.357-9.357-9.375-24.522-.04-33.901L188.505 256 34.484 101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg><\/button><\/div><\/div><div class=\"stk-block-carousel__dots\" role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"624703\" 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=\"624703\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/consumer-protection-act-dominates-econ-coverage-in-the-airwaves\/\">\r\n                            Consumer Protection Act dominates econ coverage in 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\/09\/17\/consumer-protection-act-dominates-econ-coverage-in-the-airwaves\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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href=\"https:\/\/x.com\/intent\/post?text=Consumer Protection Act dominates econ coverage in the airwaves&url=https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/consumer-protection-act-dominates-econ-coverage-in-the-airwaves\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/consumer-protection-act-dominates-econ-coverage-in-the-airwaves\/&title=Consumer Protection Act dominates econ coverage in the airwaves\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Consumer+Protection+Act+dominates+econ+coverage+in+the+airwaves+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F09%2F17%2Fconsumer-protection-act-dominates-econ-coverage-in-the-airwaves%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/consumer-protection-act-dominates-econ-coverage-in-the-airwaves\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-624703\" class=\"content-area-description single-story post-624703 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-enterprise-last-nights-talk-shows tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>President Abdel Fattah El Sisi signing the Consumer Protection Act into law dominated the economic discussion on the airwaves last night. <\/strong>Also guiding the business conversation was the impact on yesterday\u2019s trading of the arrest of Alaa and Gamal Mubarak, Hassan Heikal and Yasser El Mallawany. We have full coverage of both topics in today\u2019s Speed Round, below.<\/p>\n<p><strong>Also on the econ front,<\/strong> the Supply Ministry addressed the many half-hearted campaigns calling for boycotts of fruit and veggies in protest of rising prices. Assistant Supply Minister Ibrahim Ashmawy explained why inflation is a feature of Egyptian life post the float of the EGP (<u><a href=\"https:\/\/www.youtube.com\/watch?v=7TvWmInlCRU\">watch, runtime: 8:48<\/a><\/u>). Earlier in the evening, Ashmawy sat down with Al Hayah fi Masr\u2019s Kamal Mady to talk about a range of topics including the ration card system (<u><a href=\"https:\/\/www.youtube.com\/watch?v=9FiAGr8jB40\">watch, runtime: 31:02<\/a><\/u>).<\/p>\n<p><strong>As back to school season gets in full swing<\/strong>, Education Minister Tarek Shawky gave a presser yesterday on the new education reform strategy. He then made the rounds on the airwaves where he spoke to El Hekaya\u2019s Amr Adib on the move away from rote memorization (<u><a href=\"https:\/\/www.youtube.com\/watch?v=QEMWL21Sg4o\">watch, runtime: 2:47<\/a><\/u>). Al Hayah fi Masr talked about vocational training after Prime Minister Mostafa Madbouly visited the Asmarat housing project (<u><a href=\"https:\/\/www.youtube.com\/watch?v=hwH-T1Jdwso\">watch, runtime: 7:58<\/a><\/u>).<\/p>\n<p><strong>Strangest story of the night:<\/strong> State Forensic Authority head Hisham Abdel Hamid resigned, citing a \u201cunhealthy work environment.\u201d Justice Minister Hussam Abdel Rahim appointed Soad Abdel Ghafar as his replacement. Legal minds called in to Masaa DMC to discuss the strange resignation (<u><a href=\"https:\/\/www.youtube.com\/watch?v=zeLSg1k5Ht0\">watch, runtime: 5:30<\/a><\/u>). We, and others, still can\u2019t tell if Abdel Hamid means unhygienic or just hostile work environment. <strong>We hope you have fully stocked your zombie bunkers. This is how it starts. <\/strong><\/p>\n<p><strong>The Egyptian Football Association (EFA) is planning to introduce instant replay when refereeing Egypt Premier League games<\/strong>, <u><a href=\"https:\/\/www.facebook.com\/efasocial\/photos\/a.750097351813374\/1099941793495593\/?type=3&theater\">according to an EFA statement<\/a><\/u>. The VAR system, was first used in the FIFA 2018 World Cup to review head referee decisions. Amr Adib discussed the move with football commentator Ahmed \u201cMido\u201d Hossam (<u><a href=\"https:\/\/www.youtube.com\/watch?v=jC6bFqV_tjY\">watch, runtime: 2:18<\/a><\/u>).<\/p>\n<p><strong>LAMEES WATCH- Still no sign.<\/strong> We have dispatched the Enterprise Special Rescue Forces.<\/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\/enterprise-last-nights-talk-shows\/\">Enterprise+: Last Night\u2019s Talk Shows<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"624704\" 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=\"624704\">\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\/09\/17\/arrests-over-alleged-stock-market-manipulation-trigger-egx-sell-off\/\">\r\n                            Arrests over alleged stock market manipulation trigger EGX sell-off                        <\/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\/09\/17\/arrests-over-alleged-stock-market-manipulation-trigger-egx-sell-off\/\" 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\/09\/17\/arrests-over-alleged-stock-market-manipulation-trigger-egx-sell-off\/')\">\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\/09\/17\/arrests-over-alleged-stock-market-manipulation-trigger-egx-sell-off\/\">\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=Arrests over alleged stock market manipulation trigger EGX sell-off&url=https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/arrests-over-alleged-stock-market-manipulation-trigger-egx-sell-off\/\">\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\/09\/17\/arrests-over-alleged-stock-market-manipulation-trigger-egx-sell-off\/&title=Arrests over alleged stock market manipulation trigger EGX sell-off\">\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=Arrests+over+alleged+stock+market+manipulation+trigger+EGX+sell-off+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F09%2F17%2Farrests-over-alleged-stock-market-manipulation-trigger-egx-sell-off%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\/09\/17\/arrests-over-alleged-stock-market-manipulation-trigger-egx-sell-off\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2018\/9\/503.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"624705\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/arrests-over-alleged-stock-market-manipulation-trigger-egx-sell-off\/503-jpg-17\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/9\/503.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"503.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/9\/503.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/9\/503.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-624704\" class=\"content-area-description single-story post-624704 post type-post status-publish format-standard has-post-thumbnail hentry category-speed-round tag-enterpriseam tag-speed-round wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>**#1 Arrests in Al-Watany Bank insider trading case trigger EGX selloff: <\/strong>The EGX30 dropped to its lowest level since January 2017 yesterday following the arrest of Gamal and Alaa Mubarak on charges of stock market manipulation, Filipe Pacheco and Tamim Elyan <u><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-09-16\/israel-s-index-climbs-most-in-mideast-as-teva-surges-inside-em\">write for Bloomberg<\/a><\/u>. The benchmark EGX30 was down 3.6% at yesterday\u2019s closing bell as EFG Hermes shares dropped 8.6% on news that former co-CEOs Yasser El Mallawany and Hassan Heikal were also ordered arrested. Qalaa Holdings was down 6% after the <u><a href=\"http:\/\/egx.com.eg\/downloads\/Bulletins\/221057_1.pdf\">company said (pdf)<\/a><\/u> a staff member had been detained in connection with the case.<\/p>\n<p><strong>EFG and Qalaa shares are being punished unfairly\u2026 <\/strong>This case <u><a href=\"https:\/\/www.ft.com\/content\/08cc79ca-ab44-11e1-b675-00144feabdc0\">dates back to 2012<\/a><\/u> \u2014 no new facts have been presented in court. Current EFG Hermes management has <u><a href=\"http:\/\/egx.com.eg\/downloads\/Bulletins\/221054_1.pdf\">nothing to do with the case<\/a><\/u> (and, we\u2019d argue, even an adverse verdict for Heikal and El Mallawany has been priced-in for years). And the Qalaa staffer arrested has (a) also been embroiled in the case since it began and (b) been dragged into it for reasons having nothing to do with his current employer.<\/p>\n<p><strong>\u2026Then again, so is everyone else: <\/strong>It was a sea of red at the closing bell yesterday, with index heavyweight CIB down 2.1%, Eastern off 6.1%, and MNHD down 8.4% and Palm Hills sinking 5.6% in a broad selloff from which few issuers escaped unscathed.<\/p>\n<p><strong>Sentiment on the arrests was exacerbated by a wider emerging market sell-off. <\/strong>Stock markets in Saudi Arabia, Qatar, the UAE, and Bahrain were all down yesterday. \u201cInvestors are in a selling mood and the volumes are low \u2014 any negative news is merely an excuse for a fall,\u201d said Naeem Brokerage CEO Tarek Abaza in remarks to Bloomberg.<\/p>\n<p><strong>Background: <\/strong>The arrests <u><a href=\"https:\/\/enterprise.press\/stories\/2018\/09\/16\/gamal-alaa-mubarak-are-detained-again\/\">came on Saturday<\/a><\/u> on charges of insider trade in the sale of Al Watany Bank of Egypt to the National Bank of Kuwait. The accused were remanded to custody despite report from a court-appointed panel of experts recommending that most charges against the defendants be dropped. The report found that the transaction was largely compliant with capital market regulations.<\/p>\n<p><strong>The story received prominent coverage on Hona Al Asema last night,<\/strong> where former Al Awael Portfolio Management Chairman Wael Enaba said that he expects the EGX to dip at the beginning of today\u2019s trading but to gradually start picking up toward the end of the day (<u><a href=\"https:\/\/www.youtube.com\/watch?v=tYfnUODNLMo\">watch, runtime: 4:14<\/a><\/u>). 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\/speed-round\/\">SPEED ROUND<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"624714\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"624715\" 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=\"624715\">\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\/09\/17\/what-were-tracking-this-week-and-beyond-89\/\">\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\/09\/17\/what-were-tracking-this-week-and-beyond-89\/\" 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\/09\/17\/what-were-tracking-this-week-and-beyond-89\/')\">\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\/09\/17\/what-were-tracking-this-week-and-beyond-89\/\">\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\/09\/17\/what-were-tracking-this-week-and-beyond-89\/\">\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\/09\/17\/what-were-tracking-this-week-and-beyond-89\/&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%2F09%2F17%2Fwhat-were-tracking-this-week-and-beyond-89%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\/09\/17\/what-were-tracking-this-week-and-beyond-89\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-624715\" class=\"content-area-description single-story post-624715 post type-post status-publish format-standard hentry category-up-next tag-enterpriseam tag-up-next wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Finance Minister Mohamed Maait will be at AmCham <\/strong>tomorrow for a lunch. The minister will speak about \u201cEgypt\u2019s financial reform agenda.\u201d <u><a href=\"https:\/\/amcham.org.eg\/events-activities\/overview\">Members and their guests can register here<\/a><\/u>.<\/p>\n<p><strong>The <\/strong><strong><u><a href=\"https:\/\/www.ecommsummit.co\/\">E-Commerce Summit in Egypt<\/a><\/u><\/strong> takes place on Wednesday, 26 September.<\/p>\n<p><strong>The central bank meets on Thursday, 27 September<\/strong> to review interest rates.<\/p>\n<p><strong>The Egyptian-Sudanese ministerial committee will meet at the end of this month<\/strong> ahead of a presidential summit set to be held in Khartoum in October.<\/p>\n<p><strong>The Egypt-Romania business council will meet in Bucharest from 7-11 October, <\/strong><u><a href=\"http:\/\/www.almalnews.com\/Story\/388484\/14\/%D8%A7%D9%84%D9%85%D8%AC%D9%84%D8%B3-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%89-%D8%A7%D9%84%D8%B1%D9%88%D9%85%D8%A7%D9%86%D9%89-%D9%8A%D9%86%D8%B8%D9%85-%D8%A7%D8%AC%D8%AA%D9%85%D8%A7%D8%B9%D9%8B%D8%A7-%D8%AA%D8%AD%D8%B6%D9%8A%D8%B1%D9%8A%D9%8B%D8%A7-%D9%84%D8%AF%D9%88%D8%B1%D8%AA%D9%87-%D8%A7%D9%84%D8%B3%D8%A7%D8%A8%D8%B9%D8%A9\">according to Al Mal<\/a><\/u>.<\/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\/up-next\/\">Up Next<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"624716\" 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=\"624716\">\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\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/egypt-in-the-news-on-17-september-2018\/\">\r\n                            Egypt in the news on 17 September 2018                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/egypt-in-the-news-on-17-september-2018\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/egypt-in-the-news-on-17-september-2018\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/egypt-in-the-news-on-17-september-2018\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt in the news on 17 September 2018&url=https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/egypt-in-the-news-on-17-september-2018\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/egypt-in-the-news-on-17-september-2018\/&title=Egypt in the news on 17 September 2018\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+in+the+news+on+17+September+2018+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F09%2F17%2Fegypt-in-the-news-on-17-september-2018%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/egypt-in-the-news-on-17-september-2018\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-624716\" class=\"content-area-description single-story post-624716 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-egypt-in-the-news tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>No one story this morning is driving the conversation about Egypt in the international press, but <strong><u><a href=\"https:\/\/www.theguardian.com\/commentisfree\/2018\/sep\/16\/the-guardian-view-on-egyptian-repression-democracy-is-a-mirage\">the Guardian\u2019s editorial board<\/a><\/u><\/strong><strong> launched a broadside attack on Egypt\u2019s democracy<\/strong> that will get attention. The editors are writing to condemn the death sentences handed down to over 70 people in a mass trial stemming from the Rabaa Adawiya clashes of 2013.<\/p>\n<p>Other headlines worth noting in brief include:<\/p>\n<ul>\n<li><strong>DW appeared to confirm that Yousry Fouda was fired on [REDACTED] harassment allegations<\/strong>, <u><a href=\"https:\/\/www.nytimes.com\/aponline\/2018\/09\/14\/world\/middleeast\/ap-ml-egypt-germany-sexual-harassment.html\">according to the AP<\/a><\/u>. Reports had emerged that the former Al Jazeera and ON TV broadcast journalist had been accused of harassment.<\/li>\n<li><strong>Egyptians and Israelis are still living in an \u201cuneasy peace\u201d <\/strong>four decades after they signed the Camp David Accords, <u><a href=\"https:\/\/www.timesofisrael.com\/four-decades-after-camp-david-egyptians-still-chilly-toward-israel\/\">Mona Salem and Aziz El Massassi write for AFP<\/a><\/u>.<\/li>\n<li><strong>Security forces arrested six Ikhwan members planning attacks <\/strong>against state institutions, <u><a href=\"https:\/\/www.albawaba.com\/news\/egypts-police-stop-terror-track-arrest-6-muslim-brothers-alexandria-1186676\">Al Bawaba reports<\/a><\/u>.<\/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\/egypt-in-the-news\/\">Egypt in the News<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"624717\" 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=\"624717\">\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\">On Deadline<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/opinion-writers-are-mad-we-are-losing-at-intl-arbitration\/\">\r\n                            Opinion writers are mad we are losing at int\u2019l arbitration                        <\/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\/09\/17\/opinion-writers-are-mad-we-are-losing-at-intl-arbitration\/\" 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\/09\/17\/opinion-writers-are-mad-we-are-losing-at-intl-arbitration\/')\">\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\/09\/17\/opinion-writers-are-mad-we-are-losing-at-intl-arbitration\/\">\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=Opinion writers are mad we are losing at int\u2019l arbitration&url=https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/opinion-writers-are-mad-we-are-losing-at-intl-arbitration\/\">\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\/09\/17\/opinion-writers-are-mad-we-are-losing-at-intl-arbitration\/&title=Opinion writers are mad we are losing at int\u2019l arbitration\">\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=Opinion+writers+are+mad+we+are+losing+at+int%E2%80%99l+arbitration+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F09%2F17%2Fopinion-writers-are-mad-we-are-losing-at-intl-arbitration%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\/09\/17\/opinion-writers-are-mad-we-are-losing-at-intl-arbitration\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-624717\" class=\"content-area-description single-story post-624717 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><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>**#7 Opinion writers, unhappy Egypt is \u201closing\u201d at int\u2019l arbitration, simply miss the point: <\/strong>Since the <u><a href=\"https:\/\/enterprise.press\/stories\/2018\/09\/04\/arbitrator-orders-egypt-to-pay-usd-2-bn-to-union-fenosa-gas-over-natural-gas-supply-cut-to-damietta-plant\/\">USD 2 bn ruling<\/a><\/u> handed down by the International Centre for Settlement of Investment Disputes in favor of Union Fenosa, opinion writers have expressed frustration at this \u201closing streak.\u201d Ziad Bahaa El Din is <u><a href=\"https:\/\/www.shorouknews.com\/columns\/view.aspx?cdate=10092018&id=9d0e6911-cc08-4c8a-83a7-34839f0e340a\">urging in Al Shorouk<\/a><\/u> the government to review all its oil and gas contracts to avoid losing future arbitration hearings. Mohamed Saleh <u><a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1322451\">concurs in AMAY<\/a><\/u>, urging the government to seek the expertise of legal minds. <u><a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1321603\">AMAY\u2019s Newton<\/a><\/u> is complaining about the size of the loses, which he claims have reached EGP 38 bn, while <u><a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1321606\">AMAY\u2019s Mohamed Abu Al Ghar<\/a><\/u> is suggesting that the officials who have signed the contracts to be corrupt.<\/p>\n<p><strong>All four miss the point: <\/strong>None of them explain to their readers why we failed to meet our natural gas export obligations (it\u2019s called \u201cforce [redacted] majeure\u201d for a reason, people) \u2014and none get the point that settling outstanding disputes is key to Egypt\u2019s aim of emerging as the eastern Med\u2019s premier energy hub.<\/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=\"624718\" 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=\"624718\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">Worth reading<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/taxify-is-beating-uber-in-africa\/\">\r\n                            Taxify is beating Uber in Africa                        <\/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\/09\/17\/taxify-is-beating-uber-in-africa\/\" 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\/09\/17\/taxify-is-beating-uber-in-africa\/')\">\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\/09\/17\/taxify-is-beating-uber-in-africa\/\">\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=Taxify is beating Uber in Africa&url=https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/taxify-is-beating-uber-in-africa\/\">\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\/09\/17\/taxify-is-beating-uber-in-africa\/&title=Taxify is beating Uber in Africa\">\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=Taxify+is+beating+Uber+in+Africa+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F09%2F17%2Ftaxify-is-beating-uber-in-africa%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\/09\/17\/taxify-is-beating-uber-in-africa\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2018\/9\/2524.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"624719\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/taxify-is-beating-uber-in-africa\/2524-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/9\/2524.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2524.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/9\/2524.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/9\/2524.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-624718\" class=\"content-area-description single-story post-624718 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-reading tag-enterpriseam tag-worth-reading wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Why Taxify is beating Uber in Africa: <\/strong>It appears that ride-hailing giant Uber is being one upped by a smaller, Estonia-based competitor named Taxify, writes <u><a href=\"https:\/\/www.wsj.com\/articles\/taxify-rides-motorbikes-to-lead-over-uber-in-africa-1537117202?mod=searchresults&page=1&pos=1\">Alexandra Wexler for the Wall Street Journal<\/a><\/u>. In just five years since its launch, Taxify has managed to take more active users (measured by the number of people who\u2019ve used the app in the past month) in Africa than Uber. Taxify has 2.4 mn active users in Uganda, South Africa, Nigeria, Tanzania, Kenya and Ghana. Uber, which operates in these six countries in addition to Egypt and Morocco, is breaking 1.3 mn users.<\/p>\n<p><strong>In the emerging markets ride-hailing scene, nimbler is better: <\/strong>Taxify founder Markus Villig attributes this growth to the company\u2019s ability to adapt quicker and faster to the needs of emerging markets. In Uganda, Taxify got a leg up on Uber by offering motorbike-hailing first. It took Uber two years to launch its motorbike service there. Taxify has also beat out Uber in offering mobile payments, which is very popular there. With low banking penetration, high unemployment, and poor access to vehicles, services such as these are more attractive.<\/p>\n<p><strong>Furthermore, Taxify takes 15% of a driver\u2019s fare, while Uber charges 25%. <\/strong>\u201cThat makes a big difference in a country like Uganda where per-capita gross domestic product was just USD 604 last year.\u201d<\/p>\n<p><strong>The trend is visible not just in Africa:<\/strong> Taxify\u2019s success over Uber in Africa follows a familiar trend where the latter has been losing ground to smaller, and nimbler competition. Uber gave up territory to a number of smaller competitors in Asia in exchange for shares in them, including China\u2019s Didi Chuxing Technology and Malaysia\u2019s Grab.<\/p>\n<p><strong>Local player to watch: <\/strong><u><a href=\"https:\/\/www.youtube.com\/watch?v=bdOotz906Lk&app=desktop\">Halan<\/a><\/u>, which targets the motorcycle and tuktuk market and was said earlier this year to be <u><a href=\"https:\/\/enterprise.press\/stories\/2018\/03\/25\/halan-a-ridesharing-app-for-tuktuks-and-motorcycles-closes-in-on-usd-2-mn-fundraising-round\/\">closing in on a USD 2 mn pre-Series \u2018A\u2019 round<\/a><\/u>.<\/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\/worth-reading\/\">worth reading<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"624720\" 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=\"624720\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">Worth watching<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/sin-taxes-can-help-improve-public-health\/\">\r\n                            Sin taxes can help improve public health                        <\/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\/09\/17\/sin-taxes-can-help-improve-public-health\/\" 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\/09\/17\/sin-taxes-can-help-improve-public-health\/')\">\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\/09\/17\/sin-taxes-can-help-improve-public-health\/\">\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=Sin taxes can help improve public health&url=https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/sin-taxes-can-help-improve-public-health\/\">\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\/09\/17\/sin-taxes-can-help-improve-public-health\/&title=Sin taxes can help improve public health\">\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=Sin+taxes+can+help+improve+public+health+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F09%2F17%2Fsin-taxes-can-help-improve-public-health%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\/09\/17\/sin-taxes-can-help-improve-public-health\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2018\/9\/1714.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"624721\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/sin-taxes-can-help-improve-public-health\/1714-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/9\/1714.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1714.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/9\/1714.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/9\/1714.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-624720\" class=\"content-area-description single-story post-624720 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-watching tag-enterpriseam tag-worth-watching wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Does a sin tax actually work? Or do consumers just work around it? <\/strong>Taxes imposed on popular vices including sugar, tobacco and alcohol apparently result in an overall drop in sales of the taxed items that may point to lower consumption levels, <u><a href=\"https:\/\/www.facebook.com\/TheEconomist\/videos\/808830172803587\/\">according to The Economist<\/a><\/u>. In the US for example, a 1% increase in prices led to a 0.5% drop in sales. That said, however, while Berkeley witnessed a 10% drop in the sales of sugary drinks back when it imposed a high tax on them in 2015, people in Denmark were buying high-tax butter from neighboring countries to avoid paying the hefty duty (<u><a href=\"https:\/\/www.facebook.com\/TheEconomist\/videos\/808830172803587\/\">watch, runtime: 1.27<\/a><\/u>).<\/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\/worth-watching\/\">worth watching<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"624722\" 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=\"624722\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/egypt-eib-sign-two-agreements-worth-eur-32-mn\/\">\r\n                            Egypt, EIB sign two agreements worth EUR 32 mn                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/egypt-eib-sign-two-agreements-worth-eur-32-mn\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The agreements will allow EIB to help implement infrastructure projects throughout 79 villages. EIB had <u><a href=\"https:\/\/enterprise.press\/stories\/2018\/09\/03\/eib-plans-to-sign-loan-agreements-with-egypt-worth-eur-589-mn-by-end-2018\/\">previously said that<\/a><\/u> it intends to sign funding agreements with Egypt worth a combined EUR 589 mn before the end of the year, including a EUR 214 mn loan for the Kafr El Sheikh Kitchener drainage project and another EUR 375 mn to support the country\u2019s private sector.<\/p>\n<p>In other diplomacy news:<\/p>\n<ul>\n<li><strong>A number of Indian <\/strong><strong><u><a href=\"https:\/\/alborsaanews.com\/2018\/09\/13\/1131745\">companies signed MoUs<\/a><\/u><\/strong><strong> with Egyptian partners last week <\/strong>that should see them cooperate on projects in IT, pharma, and renewable energy.<\/li>\n<li><strong>A Moroccan trade delegation will be in <\/strong><strong><u><a href=\"http:\/\/www.shorouknews.com\/news\/view.aspx?cdate=16092018&id=a582cc60-eb1f-4408-b757-6141730c7fe0\">Egypt next month<\/a><\/u><\/strong>to discuss ways to step up Egyptian exports to West Africa through Rabat.<\/li>\n<li><strong>Foreign Minister Sameh Shoukry <\/strong><strong><u><a href=\"https:\/\/www.facebook.com\/MFAEgypt\/posts\/2240130239392243?__tn__=-R\">talked power interconnection<\/a><\/u><\/strong><strong> with his Greek and Cypriot counterparts <\/strong>ahead of a planned summit set to take place soon.<\/li>\n<li><strong>Shoukry also met with <\/strong><strong><u><a href=\"https:\/\/www.facebook.com\/MFAEgyptEnglish\/posts\/2198762100451367?__xts__%5B0%5D=68.ARAkvtS2oYRSE1H6HWLKN8-p7aSGgI3lLvHn3CjrYBn_mWTCg3IFjYibJY3XivIuc1BDksZGN_rrYWI0gQStdBcAOor8WV_59QQEE2urQEIhBzT3ddsQxoV7SlnT70LP_M_jxiRK3rrFf4cBnM8R353yLsIqG_YZXoRz5tP6jhnx2XOQsLa0Yg&__tn__=K-R\">Eritrean President Isaias Afwerki<\/a><\/u><\/strong>in Asmara on Thursday to discuss bilateral relations and cooperation and D-8 Organization for Economic Cooperation <u><a href=\"https:\/\/www.facebook.com\/MFAEgypt\/posts\/2243292845742649?__tn__=-R\">Secretary General Dato Ku Jaafar Ku Shaari<\/a><\/u> <\/li>\n<li><strong>European Council President Donald Tusk and Austria\u2019s Chancellor Sebastian Kurz <\/strong><strong><u><a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/476347682884617?__xts__%5b0%5d=68.ARDH3Xgx-iBB9gFmIkGki1Ucz9Z5CSIkfReWhAdVgm7xBj8nzXLuEmYl-gZ3gvKH4Wydxz1X0CwFQYoBwOjPOq_EcNSIVK-qqTcvIpkJ67pyNJrmG4UR02n11HpB0eyQ5KLQeNAXZ-9yWjVdIt6jYaU4I-3SSnOfDetAMoVcFdDVrLvsEZfE&__tn__=-R\">held talks<\/a><\/u><\/strong><strong> with President Abdel Fattah El Sisi yesterday <\/strong>during an official visit to Egypt. Illegal migration was at the top of the agenda.<\/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\/diplomacy-foreign-trade\/\">Diplomacy + Foreign Trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"624723\" 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=\"624723\">\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\/09\/17\/govt-targets-1-mn-tonnes-of-rice-purchases-to-satisfy-demand\/\">\r\n                            Gov\u2019t targets 1 mn tonnes of rice purchases to satisfy demand                        <\/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\/09\/17\/govt-targets-1-mn-tonnes-of-rice-purchases-to-satisfy-demand\/\" 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\/09\/17\/govt-targets-1-mn-tonnes-of-rice-purchases-to-satisfy-demand\/')\">\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\/09\/17\/govt-targets-1-mn-tonnes-of-rice-purchases-to-satisfy-demand\/\">\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=Gov\u2019t targets 1 mn tonnes of rice purchases to satisfy demand&url=https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/govt-targets-1-mn-tonnes-of-rice-purchases-to-satisfy-demand\/\">\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\/09\/17\/govt-targets-1-mn-tonnes-of-rice-purchases-to-satisfy-demand\/&title=Gov\u2019t targets 1 mn tonnes of rice purchases to satisfy demand\">\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=Gov%E2%80%99t+targets+1+mn+tonnes+of+rice+purchases+to+satisfy+demand+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F09%2F17%2Fgovt-targets-1-mn-tonnes-of-rice-purchases-to-satisfy-demand%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\/09\/17\/govt-targets-1-mn-tonnes-of-rice-purchases-to-satisfy-demand\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-624723\" class=\"content-area-description single-story post-624723 post type-post status-publish format-standard hentry category-basic-materials-commodities tag-basic-materials-commodities tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.6490a4de-e700-4a97-bf6d-cedc30aae7c0.mp3\"><\/audio><\/figure>\n<p>The Supply Ministry is looking to purchase at least 1 mn tonnes from local farmers this harvest season, <u><a href=\"http:\/\/almalnews.com\/Story\/389680\/14\/%D8%A8%D8%AF%D8%A1-%D9%85%D9%88%D8%B3%D9%85-%D8%AA%D9%88%D8%B1%D9%8A%D8%AF-%D8%A7%D9%84%D8%A3%D8%B1%D8%B2-%D9%84%D9%84%D8%AD%D9%83%D9%88%D9%85%D8%A9-%D9%88500-%D8%A3%D9%84%D9%81-%D8%B7%D9%86-%D8%AD%D8%B5%D9%8A%D9%84%D8%A9-%D9%85%D8%AA%D9%88%D9%82%D8%B9%D8%A9\">reports Al Mal<\/a><\/u>. The government <u><a href=\"https:\/\/enterprise.press\/stories\/2018\/09\/16\/government-starts-buying-locally-produced-rice-until-mid-november\/\">had announced earlier<\/a><\/u> that it will pay local farmers EGP 4400-4700 for different strains, a lower-than-market price that is discouraging farmers.<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"624724\" 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=\"624724\">\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\/09\/17\/education-ministry-gives-itself-right-to-supervise-us-high-school-diploma-curriculum\/\">\r\n                            Education Ministry gives itself right to supervise US high school diploma curriculum                        <\/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\/09\/17\/education-ministry-gives-itself-right-to-supervise-us-high-school-diploma-curriculum\/\" 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\/09\/17\/education-ministry-gives-itself-right-to-supervise-us-high-school-diploma-curriculum\/')\">\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\/09\/17\/education-ministry-gives-itself-right-to-supervise-us-high-school-diploma-curriculum\/\">\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=Education Ministry gives itself right to supervise US high school diploma curriculum&url=https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/education-ministry-gives-itself-right-to-supervise-us-high-school-diploma-curriculum\/\">\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\/09\/17\/education-ministry-gives-itself-right-to-supervise-us-high-school-diploma-curriculum\/&title=Education Ministry gives itself right to supervise US high school diploma curriculum\">\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=Education+Ministry+gives+itself+right+to+supervise+US+high+school+diploma+curriculum+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F09%2F17%2Feducation-ministry-gives-itself-right-to-supervise-us-high-school-diploma-curriculum%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\/09\/17\/education-ministry-gives-itself-right-to-supervise-us-high-school-diploma-curriculum\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-624724\" class=\"content-area-description single-story post-624724 post type-post status-publish format-standard hentry category-health-education tag-enterpriseam tag-health-education 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\/.1d2529fe-4952-4e56-9904-812065b5569d.mp3\"><\/audio><\/figure>\n<p>Education Minister Tarek Shawky signed a directive on Sunday which would give the ministry the right to supervise the curriculum for obtaining a US high school diploma in Egypt, according to a <u><a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/311649\/Egypt\/Politics-\/Egypts-Minister-of-Education-signs--American-diplo.aspx\">ministry statement picked up by Ahram Online<\/a><\/u>. The move would allow the ministry to organize the curriculums and exams for these degrees through a number of accreditation agencies, including the Middle States of Colleges and School Commissions on Elementary and Secondary Schools and AdvancED. The directive, which would give the ministry more regulatory control over obtaining foreign degrees, follows a similar directive signed in June for UK diplomas.<\/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\/health-education\/\">Health + Education<\/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=\"624727\" 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=\"624727\">\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\/09\/17\/archaeologists-find-new-sphinx-statue-in-kom-ombo\/\">\r\n                            Archaeologists find new sphinx statue in Kom Ombo                        <\/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\/09\/17\/archaeologists-find-new-sphinx-statue-in-kom-ombo\/\" 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\/09\/17\/archaeologists-find-new-sphinx-statue-in-kom-ombo\/')\">\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\/09\/17\/archaeologists-find-new-sphinx-statue-in-kom-ombo\/\">\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=Archaeologists find new sphinx statue in Kom Ombo&url=https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/archaeologists-find-new-sphinx-statue-in-kom-ombo\/\">\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\/09\/17\/archaeologists-find-new-sphinx-statue-in-kom-ombo\/&title=Archaeologists find new sphinx statue in Kom Ombo\">\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=Archaeologists+find+new+sphinx+statue+in+Kom+Ombo+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F09%2F17%2Farchaeologists-find-new-sphinx-statue-in-kom-ombo%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\/09\/17\/archaeologists-find-new-sphinx-statue-in-kom-ombo\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2018\/9\/1555.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"624728\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/archaeologists-find-new-sphinx-statue-in-kom-ombo\/1555-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/9\/1555.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1555.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/9\/1555.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/9\/1555.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-624727\" class=\"content-area-description single-story post-624727 post type-post status-publish format-standard has-post-thumbnail hentry category-tourism tag-enterpriseam tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.6e5ab29a-edb8-4bc6-8ac7-7c8f2b934a79.mp3\"><\/audio><\/figure>\n<p>Archaeologists discovered a ptolemaic-era sphinx statue at the Kom Ombo temple in Upper Egypt<strong>, <\/strong><u><a href=\"https:\/\/www.facebook.com\/moantiquities\/posts\/1951920074853633?__xts__%5b0%5d=68.ARDxIjWGMD9MFhhm-9s0m28R5IQxC4pw2-DPi2E8KFG30F6msAFeCGkEP9XWBi7BzeNAabvJ_FrY-D1DipLDgw3T7OE0kzfJhnwu19aNaqiNPDecZ9HjC71ko3jov8Kk3skGyrBX5RDFRrLbCCzFifptdS2klj5On_g_mHuhSQSGGo66OeOG0A&__tn__=-R\">according to the Antiquities Ministry<\/a><\/u>. Two statues of King Ptolemy V were found in the same location two months ago.<\/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\/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=\"624729\" 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=\"624729\">\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\/09\/17\/te-completes-acquisition-of-mena-cables\/\">\r\n                            TE completes acquisition of MENA cables                        <\/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\/09\/17\/te-completes-acquisition-of-mena-cables\/\" target=\"_blank\">\n                    Open in new tab                    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href=\"https:\/\/x.com\/intent\/post?text=TE completes acquisition of MENA cables&url=https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/te-completes-acquisition-of-mena-cables\/\">\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\/09\/17\/te-completes-acquisition-of-mena-cables\/&title=TE completes acquisition of MENA cables\">\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=TE+completes+acquisition+of+MENA+cables+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F09%2F17%2Fte-completes-acquisition-of-mena-cables%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\/09\/17\/te-completes-acquisition-of-mena-cables\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-624729\" class=\"content-area-description single-story post-624729 post type-post status-publish format-standard hentry category-telecoms-ict tag-enterpriseam 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\/.e01029d8-fedc-43b8-b7a9-f192e4fe122a.mp3\"><\/audio><\/figure>\n<p>Telecom Egypt (TE) <u><a href=\"http:\/\/ir.te.eg\/en\/CorporateNews\/PressRelease\/78\/Telecom-Egypt-concludes-the-acquisition-of-Middle-East-and-North-Africa-Submarine-Cable-MENA\">announced today<\/a><\/u> that it has officially completed the acquisition of MENA Cables from Orascom Telecom Media and Technology in a USD 90 mn transaction, of which USD 40 mn represented the cost of the cable.<\/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\/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=\"624730\" 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=\"624730\">\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\">Banking + Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/banque-du-caire-signs-mou-with-uzbek-national-bank-to-boost-trade-and-exports\/\">\r\n                            Banque du Caire signs MoU with Uzbek national bank to boost trade and exports                        <\/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\/09\/17\/banque-du-caire-signs-mou-with-uzbek-national-bank-to-boost-trade-and-exports\/\" 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\/09\/17\/banque-du-caire-signs-mou-with-uzbek-national-bank-to-boost-trade-and-exports\/')\">\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\/09\/17\/banque-du-caire-signs-mou-with-uzbek-national-bank-to-boost-trade-and-exports\/\">\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=Banque du Caire signs MoU with Uzbek national bank to boost trade and exports&url=https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/banque-du-caire-signs-mou-with-uzbek-national-bank-to-boost-trade-and-exports\/\">\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\/09\/17\/banque-du-caire-signs-mou-with-uzbek-national-bank-to-boost-trade-and-exports\/&title=Banque du Caire signs MoU with Uzbek national bank to boost trade and exports\">\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=Banque+du+Caire+signs+MoU+with+Uzbek+national+bank+to+boost+trade+and+exports+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F09%2F17%2Fbanque-du-caire-signs-mou-with-uzbek-national-bank-to-boost-trade-and-exports%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\/09\/17\/banque-du-caire-signs-mou-with-uzbek-national-bank-to-boost-trade-and-exports\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-624730\" class=\"content-area-description single-story post-624730 post type-post status-publish format-standard hentry category-banking-finance tag-banking-finance tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.c6f2987f-9a3a-4005-b93c-c8847d7a4ef8.mp3\"><\/audio><\/figure>\n<p>Banque du Caire has signed a cooperation agreement with the National Bank of Uzbekistan aimed at boosting trade ties and stepping up Egyptian exports to a dozen Eurasian counties, <u><a href=\"http:\/\/www.shorouknews.com\/news\/view.aspx?cdate=16092018&id=89d6219b-71e2-4e49-ba5e-59cc84046e8c\">Al Shorouk reported<\/a><\/u>. The agreement allows for direct transactions between the two banks, making it easier for exporters to do business.<\/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\/banking-finance\/\">BANKING + FINANCE<\/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=\"624731\" 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=\"624731\">\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\">Egypt Politics + Economics<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/abu-zaid-youssef-vye-to-head-up-support-egypt\/\">\r\n                            Abu Zaid, Youssef vye to head up Support 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\/09\/17\/abu-zaid-youssef-vye-to-head-up-support-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\/09\/17\/abu-zaid-youssef-vye-to-head-up-support-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\/09\/17\/abu-zaid-youssef-vye-to-head-up-support-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=Abu Zaid, Youssef vye to head up Support Egypt&url=https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/abu-zaid-youssef-vye-to-head-up-support-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\/09\/17\/abu-zaid-youssef-vye-to-head-up-support-egypt\/&title=Abu Zaid, Youssef vye to head up Support 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=Abu+Zaid%2C+Youssef+vye+to+head+up+Support+Egypt+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F09%2F17%2Fabu-zaid-youssef-vye-to-head-up-support-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\/09\/17\/abu-zaid-youssef-vye-to-head-up-support-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-624731\" class=\"content-area-description single-story post-624731 post type-post status-publish format-standard hentry category-egypt-politics-economics tag-egypt-politics-economics tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.7b2dbc25-dcbb-4985-ab2f-7cb4feb9979c.mp3\"><\/audio><\/figure>\n<p>Support Egypt Coalition members Rep. Taher Abu Zeid and Rep. Mohamed Youssef appear to be throwing their hats in the election to head up the House of Representatives\u2019 largest political bloc, party insiders <u><a href=\"http:\/\/www.shorouknews.com\/news\/view.aspx?cdate=16092018&id=8e8950f6-cf82-47bf-82ee-26b845fc740e\">tell Al Shorouk<\/a><\/u>. The move follows the <u><a href=\"https:\/\/enterprise.press\/stories\/2018\/09\/16\/lamees-watch-amrs-new-job-hospital-deaths-elsewedy-out\/\">surprise announcement<\/a><\/u> by current leader Mohamed Elsewedy that he will not seek another term as coalition head.<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"624732\" 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=\"624732\">\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\/09\/17\/egyptian-musicians-on-us-tour-for-center-stage-culture-program\/\">\r\n                            Egyptian musicians on US tour for Center Stage culture program                        <\/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\/09\/17\/egyptian-musicians-on-us-tour-for-center-stage-culture-program\/\" 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\/09\/17\/egyptian-musicians-on-us-tour-for-center-stage-culture-program\/')\">\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\/09\/17\/egyptian-musicians-on-us-tour-for-center-stage-culture-program\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egyptian musicians on US tour for Center Stage culture program&url=https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/egyptian-musicians-on-us-tour-for-center-stage-culture-program\/\">\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\/09\/17\/egyptian-musicians-on-us-tour-for-center-stage-culture-program\/&title=Egyptian musicians on US tour for Center Stage culture program\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egyptian+musicians+on+US+tour+for+Center+Stage+culture+program+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F09%2F17%2Fegyptian-musicians-on-us-tour-for-center-stage-culture-program%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\/09\/17\/egyptian-musicians-on-us-tour-for-center-stage-culture-program\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2018\/9\/218.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"624733\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/egyptian-musicians-on-us-tour-for-center-stage-culture-program\/218-jpg-16\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/9\/218.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"218.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/9\/218.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/9\/218.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-624732\" class=\"content-area-description single-story post-624732 post type-post status-publish format-standard has-post-thumbnail hentry category-on-your-way-out tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Egyptian music acts are touring the US<\/strong> as part of <u><a href=\"https:\/\/exchanges.state.gov\/non-us\/program\/center-stage\">Center Stage<\/a><\/u>, a cultural exchange program launched by the US Department of State, <u><a href=\"http:\/\/www.egypttoday.com\/Article\/4\/57634\/Breathtaking-night-in-Washington-with-Dina-el-Wedidi-Youssra-el\">according to Egypt Today<\/a><\/u>. Dina El Wedidi, Yousra El Hawary and the Karkade band will tour the United States for one month as part of the program.<\/p>\n<p>Egyptian actor Mohamed Karim stars opposite Nicolas Cage<\/p>\n<p><strong>Egyptian actor Mohamed Karim stars opposite Nicolas Cage<\/strong> in his upcoming movie \u201cA Score to Settle,\u201d <u><a href=\"https:\/\/www.egyptindependent.com\/egyptian-actor-stars-with-nicholas-cage-in-upcoming-hollywood-movie\/\">Egypt Independent reports<\/a><\/u>. The two are said to have filmed many action scene togethers and Karim claims to have performed all his stunts on his own. The film is <u><a href=\"https:\/\/www.imdb.com\/title\/tt3758162\/\">now in post-production<\/a><\/u>.<\/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<section id=\"624735\" 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=\"624735\">\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\/09\/17\/624735\/\">\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\/09\/17\/624735\/\" 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\/09\/17\/624735\/')\">\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\/09\/17\/624735\/\">\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\/09\/17\/624735\/\">\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\/09\/17\/624735\/&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%2F09%2F17%2F624735%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\/09\/17\/624735\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-624735\" class=\"content-area-description single-story post-624735 post type-post status-publish format-standard hentry category-the-market-yesterday tag-enterpriseam tag-the-market-yesterday wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t\n<p><strong>EGP \/ USD CBE market average: <\/strong>Buy 17.86 | Sell 17.96<strong><br \/>\n EGP \/ USD at CIB: <\/strong>Buy 17.86 | Sell 17.96<br \/>\n <strong>EGP \/ USD at NBE: <\/strong>Buy 17.78 | Sell 17.88<\/p>\n<p><strong>EGX30<\/strong> (Sunday): 14,756 (-3.6 %)<br \/>\n <strong>Turnover:<\/strong> EGP 634 mn (20% below the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: -1.8%<\/p>\n<p><strong>THE MARKET ON SUNDAY:<\/strong> The EGX30 index ended Sunday\u2019s session down 3.6%. CIB, the index heaviest constituent ended down 2.1%. Yesterday\u2019s worst performing stocks were EFG Hermes down 8.6%, Madinet Nasr Housing down 8.4%, and Egyptian Iron and Steel down 8.1%. The market turnover was EGP 634 mn, and regional investors were the sole net buyers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Short | EGP -13.4 mn<\/p>\n<p><strong>Regional<\/strong>: Net Long | EGP +19.6 mn<br \/>\n<strong>Domestic<\/strong>: Net Short | EGP -6.2 mn<\/p>\n<p><strong>Retail<\/strong>: 70.0% of total trades | 69.1% of buyers | 70.8% of sellers<br \/>\n <strong>Institutions<\/strong>: 30.0% of total trades | 30.9% of buyers | 29.2% of sellers<\/p>\n<p><strong>Foreign:<\/strong> 12.6% of total | 11.5% of buyers | 13.6% of sellers<br \/>\n <strong>Regional:<\/strong> 8.0% of total | 9.6% of buyers | 6.5% of sellers<br \/>\n <strong>Domestic:<\/strong> 79.4% of total | 78.9% of buyers | 79.9% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 68.99 (+0.58%)<br \/>\n <strong>Brent:<\/strong> USD 78.09 (-0.12%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 2.77 MMBtu, (-1.77%, Oct 2018)<br \/>\n <strong>Gold:<\/strong> USD 1,201.10\/ troy ounce (-0.59%)<br \n<\/p>\n<p><strong>TASI:<\/strong> 7,469.81 (-1.59%) (YTD: +3.37%)<br \/>\n <strong>ADX:<\/strong> 4,965.74 (+0.63%) (YTD: +12.90%)<br \/>\n <strong>DFM:<\/strong> 2,774.09 (-1.27%) (YTD: -17.68%)<br \/>\n <strong>KSE Premier Market:<\/strong> 5,347.35 (-0.03%)<br \/>\n <strong>QE:<\/strong> 9,942.03 (-0.80%) (YTD: +16.64%)<br \/>\n <strong>MSM:<\/strong> 4,563.20 (+0.10%) (YTD: -10.51%)<br \/>\n <strong>BB: <\/strong>1,341.21 (-0.28%) (YTD: +0.71%)<\/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=\"624736\" 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\/09\/17\/624736\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-624736\" class=\"content-area-description single-story post-624736 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>16 September (Sunday): <u><a href=\"http:\/\/www.creativegypt.com\/events\/portfolio\/creative_industry_summit_2018\">Creative Industry Summit 2018<\/a><\/u>, Four Seasons Nile Plaza, Cairo.<\/p>\n<p>17-19 September (Monday-Wednesday): <u><a href=\"http:\/\/www.intercem.com\/cairocapetown\">INTERCEM Cairo to Cape Town cement industry conference<\/a><\/u>, Dusit-Thani LakeView, Cairo.<\/p>\n<p>18-21 September (Tuesday-Friday): <u><a href=\"https:\/\/www.thebig5constructegypt.com\/register-for-free-entry?utm_campaign=visprom-2018-brand-eng&utm_medium=cpc&utm_source=google&utm_content=701D0000001mbApIAI&utm_term=CN=visprom-2018-brand-eng-SN=google&gclid=EAIaIQobChMItPvF1_mj3QIVA0PTCh2sig6pEAAYASAAEgKrhPD_BwE\">The Big 5 Construct Egypt<\/a><\/u>, Egypt International Exhibition Center, Cairo, Egypt.<\/p>\n<p>18 September (Tuesday): Cairo Economic Court to issue ruling on EGP 5.6 bn antitrust case against pharma companies including Ibnsina.<\/p>\n<p>20-23 September (Thursday-Sunday): 2018 Automech Formula car expo, Cairo International Convention Center, Nasr City, Cairo.<\/p>\n<p>22 September (Saturday): New academic year begins for public schools, universities.<\/p>\n<p>23-24 September (Sunday-Monday): <u><a href=\"https:\/\/www.arabsecurityconference.com\/\">Arab Security Conference<\/a><\/u> on cyber security, Nile-Ritz Carlton, Cairo.<\/p>\n<p>24-25 September (Monday-Tuesday): <u><a href=\"http:\/\/www.arqaamconference.com\/\">Arqaam Capital MENA Investors Conference 2018<\/a><\/u>, Four Seasons Resorts, Dubai.<\/p>\n<p>24-25 September (Monday-Tuesday): <u><a href=\"https:\/\/egyptwaterdesalination.iqpc.com\/\">Egypt Water Desalination Forum<\/a><\/u>, venue TBD.<\/p>\n<p>26 September (Wednesday): <u><a href=\"https:\/\/www.ecommsummit.co\/\">E-Commerce Summit<\/a><\/u>, Nile-Ritz Carlton, Cairo.<\/p>\n<p>27 September (Thursday): CBE\u2019s Monetary Policy Committee meeting.<\/p>\n<p>October: The Madbouly cabinet has until the end of the month to come up with a plan for \u201cthe development and restructuring\u201d of public companies\u201d under a <u><a href=\"http:\/\/almalnews.com\/Story\/386317\/14\/%D8%A7%D9%84%D8%B3%D9%8A%D8%B3%D9%89-%D9%8A%D9%85%D9%87%D9%84-%D8%A7%D9%84%D8%AD%D9%83%D9%88%D9%85%D8%A9-3-%D8%B4%D9%87%D9%88%D8%B1-%D9%84%D9%88%D8%B6%D8%B9-%D8%AE%D8%B1%D9%8A%D8%B7%D8%A9-%D9%84%D8%AA%D8%B7%D9%88%D9%8A%D8%B1-%D8%B4%D8%B1%D9%83%D8%A7%D8%AA-%D9%82%D8%B7%D8%A7%D8%B9-%D8%A7%D9%84%D8%A3%D8%B9%D9%85%D8%A7%D9%84\">directive<\/a><\/u> from President Abdel Fattah El Sisi.<\/p>\n<p>03 October (Wednesday): Egypt\u2019s Emirates NBD PMI for September released.<\/p>\n<p>06 October (Saturday): Armed Forces Day, national holiday.<\/p>\n<p>12-14 October (Friday-Sunday): <u><a href=\"http:\/\/meetings.imf.org\/en\/2018\/Annual\">2018 annual meetings<\/a><\/u> of the World Bank and International Monetary Fund, Bali, Indonesia.<\/p>\n<p>23 October (Tuesday): First Conference on Sukuk (Sharia-compliant bonds), Cairo.<\/p>\n<p>23-24 October (Tuesday-Wednesday): <u><a href=\"http:\/\/platforms-root-technologies.com\/icec-2018\/\">Intelligent Cities Exhibition & Conference 2018<\/a><\/u>, Fairmont Towers Heliopolis, Cairo.<\/p>\n<p>24-25 October (Wednesday- Thursday) <u><a href=\"https:\/\/energy.ghorfa.de\/\">9th Arab-German Energy Forum<\/a><\/u>, Cairo, Egypt.<\/p>\n<p>25-27 October (Thursday-Saturday): <u><a href=\"https:\/\/acicaegypt.com\/\">57th ACI World Congress & 43rd ICA Annual Conference 2018<\/a><\/u>, Four Seasons Nile Plaza, Cairo.<\/p>\n<p>05 November (Monday): Egypt\u2019s Emirates NBD PMI for October released.<\/p>\n<p>05-07 November (Monday- Wednesday) <u><a href=\"http:\/\/london.wtm.com\/\">World Travel Market London<\/a><\/u> exhibition, London, England, UK.<\/p>\n<p>15 November (Thursday): CBE\u2019s Monetary Policy Committee meeting.<\/p>\n<p>20 November (Tuesday): Prophet's Birthday (TBC), national holiday.<\/p>\n<p>22 November (Thursday): US Thanksgiving.<\/p>\n<p>25-28 November (Sunday-Wednesday): 22nd Cairo ICT, Cairo Convention Center, Nasr City, Cairo.<\/p>\n<p>03-05 December (Monday-Wednesday): <u><a href=\"https:\/\/www.egyptdefenceexpo.com\/\">First Egypt Defense Expo<\/a><\/u>, 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): <u><a href=\"https:\/\/www.businessforafricaforum.com\/africa-2017-2\/\">Business for Africa and the World: The Africa 2018 Forum<\/a><\/u>, Maritim Jolie Ville International Congress Center, Sharm El Sheikh.<\/p>\n<p>12 December (Wednesday): <u><a href=\"https:\/\/www.idc.com\/mea\/events\/65288-banking-and-finance-congress-2018\">Banking and Finance Congress 2018<\/a><\/u>, Cairo, venue TBD.<\/p>\n<p>25 December (Tuesday): Western Christmas.<\/p>\n<p>27 December (Thursday): CBE\u2019s Monetary Policy Committee meeting.<\/p>\n<p>01 January 2019 (Tuesday): New Year's Day, national holiday.<\/p>\n<p>07 January 2019 (Monday): Coptic Christmas.<\/p>\n<p>22-25 January 2019 (Tuesday-Friday): <u><a href=\"https:\/\/www.weforum.org\/events\/world-economic-forum-annual-meeting\">World Economic Forum (WEF) Annual Meeting<\/a><\/u>, 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":624694,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-624693","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"ccbc02d4-4bf0-46ea-b704-0c7f870b8217","teaser":"","photo_url":"https:\/\/ent.news\/2023\/3\/338.jpeg"},"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>Biggest EGX selloff since Jan \u201817 - 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\/biggest-egx-selloff-since-jan-17\/\" \/>\n<meta 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