{"id":625297,"date":"2018-08-01T03:57:39","date_gmt":"2018-08-01T03:57:39","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=625297"},"modified":"2025-12-17T08:31:31","modified_gmt":"2025-12-17T08:31:31","slug":"real-estate-tax-on-oil-and-gas-sector-coming","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/real-estate-tax-on-oil-and-gas-sector-coming\/","title":{"rendered":"Real estate tax on oil and gas sector coming"},"content":{"rendered":"<section id=\"625299\" 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=\"625299\">\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\/08\/01\/what-were-tracking-on-31-july-2018\/\">\r\n                            What we\u2019re tracking on 31 July 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\/08\/01\/what-were-tracking-on-31-july-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\/08\/01\/what-were-tracking-on-31-july-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\/08\/01\/what-were-tracking-on-31-july-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 31 July 2018&url=https:\/\/enterpriseam.com\/egypt\/2018\/08\/01\/what-were-tracking-on-31-july-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\/08\/01\/what-were-tracking-on-31-july-2018\/&title=What we\u2019re tracking on 31 July 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+31+July+2018+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F08%2F01%2Fwhat-were-tracking-on-31-july-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\/08\/01\/what-were-tracking-on-31-july-2018\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-625299\" class=\"content-area-description single-story post-625299 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>It\u2019s interest rate week in a number of major economies:<\/strong> The Bank of Japan <u><a href=\"https:\/\/www.ft.com\/content\/45b4fe28-946f-11e8-b67b-b8205561c3fe\">signaled yesterday<\/a><\/u> it will maintain \u201cextremely low\u201d interest rates for an extended period, continuing its crisis-era stimulus out of step with other major economies. The US Federal Reserve meets on rates today (it\u2019s <u><a href=\"https:\/\/www.reuters.com\/article\/us-usa-fed\/fed-set-to-hold-rates-steady-remain-on-track-for-more-hikes-idUSKBN1KL0LF\">expected to leave rates on hold<\/a><\/u>, but the outlook is still for another two rate hikes before year\u2019s end), and the Bank of England convenes tomorrow to ponder the same question.<\/p><p><strong>Egypt\u2019s M2 money supply grew at a rate of 18.49% y-o-y in June to EGP 3.45 tn <\/strong>(USD 193.39 bn), central bank data showed on Tuesday, <u><a href=\"https:\/\/www.reuters.com\/article\/egypt-cenbank-moneysupply\/corrected-egypts-m2-money-supply-up-18-49-pct-year-on-year-in-june-c-bank-idUSC6N1L202N\">according to Reuters<\/a><\/u>. M2 was <u><a href=\"https:\/\/af.reuters.com\/article\/commoditiesNews\/idAFC6N1KF002\">growing<\/a><\/u> at a 39.42% clip at this time last year.<\/p><p><strong>Here\u2019s something to fortify your EM apocalypse bunker: <\/strong>The US and China are reportedly trying to restart talks aimed at averting a full-blown trade war, two people familiar with the matter <u><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-07-31\/u-s-china-said-to-seek-to-restart-talks-to-defuse-trade-war\">tell Bloomberg<\/a><\/u>. Representatives of US Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He are having private conversations as they look for ways to re-engage in negotiations, according to the sources. The news will likely be music to every EM investor\u2019s ear, as the trade war had been one of the primary drivers behind the EM selloff.<\/p><p><strong>Here\u2019s something to dash that hope: <\/strong>While global oil prices \u2014 that other driver of the selloff \u2014 have seen a 6.5% drop in July to below USD 75\/bbl, it\u2019s lowest since 2016, analysts are warning that starting from November, Iran\u2019s crude exports will be cut thanks to the Trump administration's reimposition of sanctions, <u><a href=\"https:\/\/www.ft.com\/content\/9e44a19c-94c9-11e8-b67b-b8205561c3fe\">according to the FT.<\/a><\/u><\/p><p><strong>Nonetheless,<\/strong> <strong>analysts see the tide turning for EM equities:<\/strong> Analysts believe the EM zombie apocalypse has created promising prospects for investors who are willing to take the risk, says the <u><a href=\"https:\/\/www.ft.com\/content\/87ce1e02-94c4-11e8-b67b-b8205561c3fe\">Financial Times\u2019 Adam Samson<\/a><\/u>. \u201cInvestors should be \u2018very selective when picking EM bonds,\u2019\u201d one analyst says, suggesting \u201cavoiding local government bonds in \u2018countries that could be subject to further currency depreciation like Turkey and Brazil as their central banks could continue their hiking cycle.\u2019\u201d<\/p><p><strong>The collapse of Dubai-based private equity firm Abraaj is an indicator of just how weak governance standards are in the Middle East<\/strong>, Simeon Kerr and Andrew England <u><a href=\"https:\/\/www.ft.com\/content\/ac28dd30-90b6-11e8-b639-7680cedcc421\">write for the Financial Times<\/a><\/u>. Abraaj\u2019s collapse in the face of allegations about misuse of funds points to a broader problem \u201cin a region where the private sector is dominated by powerful merchant families and wealthy individuals\u2026[and]...businesses are averse to listing on stock markets, which would require them to open their books and provide greater transparency.\u201d That is that the <strong>lack of a real framework for governance \u201ccan deter international investors\u201d <\/strong>as it leaves them \u201copen to the risk of weak management and, in extreme cases, fraud.\u201d<\/p><p>It\u2019s been making the rounds for a few days now, but we finally got around to reading <strong><u><a href=\"https:\/\/www.nytimes.com\/2018\/07\/25\/magazine\/big-business-gwyneth-paltrow-wellness.html\">How Goop\u2019s haters made Gwyneth Paltrow\u2019s company worth USD 250 mn<\/a><\/u><\/strong>: The business started as a newsletter that Paltrow wrote at her kitchen table, telling readers where to get the material things she had. \u201cWhy mass-market a lifestyle that lives in definitional opposition to the mass market? Goop\u2019s ethic was this: that having beautiful things sometimes costs money; finding beautiful things was sometimes a result of an immense privilege; but a lack of that privilege didn\u2019t mean you shouldn\u2019t have those things. Besides, just because some people cannot afford it doesn\u2019t mean that no one can and that no one should want it. <strong>If this bothered anyone, well, the newsletter content was free<\/strong>, and so were the recipes for turkey rag\u00f9 and banana-nut muffins.\u201d<\/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=\"625300\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 .stk-block-carousel__button svg.ugb-custom-icon :is(g, path, rect, polygon, ellipse){fill:#FFFFFF !important;}<\/style>\r\n           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class=\"stk-block-content stk-inner-blocks stk-mcb692e-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\/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-or3xb9o\" data-v=\"4\" 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Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/01\/talking-heads-focus-on-rice-imports-strategy-adding-new-commodity-subsidy-recipients\/\">\r\n                            Talking heads focus on rice imports strategy, adding new commodity subsidy recipients                        <\/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\/08\/01\/talking-heads-focus-on-rice-imports-strategy-adding-new-commodity-subsidy-recipients\/\" 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href=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/01\/talking-heads-focus-on-rice-imports-strategy-adding-new-commodity-subsidy-recipients\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-625301\" class=\"content-area-description single-story post-625301 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-enterprise-last-nights-talk-shows tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The Supply Ministry\u2019s rice imports strategy and the addition of new commodity subsidy recipients<\/strong> were the most widely discussed topics on the airwaves last night. The most noteworthy segment, however, was Hona Al Asema\u2019s <strong>interview with UKTrade Envoy Sir Jeffrey Donaldson<\/strong>.<\/p>\n<p><strong>New UK investments coming: <\/strong>British investors are keen to expand their involvement in the education sector in the region and Egypt in particular, Donaldson said. Businessmen from the UK are currently looking into a major investment in a new university hospital in Egypt, and a leading British company recently signed a GBP 180 mn investment agreement with the Education Ministry to make its digital technology more widely available to Egyptian students (<u><a href=\"https:\/\/www.youtube.com\/watch?v=dTyrY5fUSXM\">watch, runtime: 4:45<\/a><\/u>).<\/p>\n<p><strong>Donaldson also hailed President Abdel Fattah El Sisi\u2019s decision to announce 2019 as the Year of Education<\/strong>, which he said is in line with British investment priorities (<u><a href=\"https:\/\/www.youtube.com\/watch?v=KYwGK7YcchU\">watch, runtime: 23:19<\/a><\/u>).<\/p>\n<p><strong>Prime Minister Mostafa Madbouly had met yesterday with a UK trade delegation,<\/strong> <strong>headed Donaldson<\/strong>, to discuss economic cooperation in education, healthcare, and infrastructure, <u><a href=\"http:\/\/www.cabinet.gov.eg\/Arabic\/MediaCenter\/CabinetNews\/Pages\/PM-meets-Commissioner-of-British-PM-for-trade-relations.aspx\">according to a cabinet statement<\/a><\/u>.<\/p>\n<p><strong>Gov\u2019t issues regulations on barley rice imports:<\/strong> Concerns that barley rice could carry diseases and pests that would harm locally cultivated crops have pushed the government to issue regulations on its import. Head of the Agricultural Export Council\u2019s rice committee Mostafa El Naggari phoned in to Masaa DMC to stress the importance of adhering to these regulations once the council puts them in place, and also highlighted the importance of relying on importing barley rice and white rice together to fulfill Egypt\u2019s needs (<u><a href=\"https:\/\/www.youtube.com\/watch?v=OE4_c-a7twg\">watch, runtime: 2:35<\/a><\/u>). Agricultural Quarantine Authority (AQA) head Ahmed El Attar echoed El Naggari, saying that two Egyptian research institutes have warned against the risk barley rice poses due to it being a potential carrier for diseases (<u><a href=\"https:\/\/www.youtube.com\/watch?v=09pynRNu5ZM\">watch, runtime: 16:56<\/a><\/u>). The issue was also addressed on Hona Al Asema (<u><a href=\"https:\/\/www.youtube.com\/watch?v=Qtzv4NE5yjA&t=149s\">watch, runtime: 5:57<\/a><\/u>).<\/p>\n<p><strong>This comes as a group of unnamed private companies have received a 38k tonne rice shipment from China, marking the first time for Cairo to import rice from Beijing<\/strong>, head of the Federation of Egyptian Industries\u2019 rice division Ragab Shehata said yesterday, <u><a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=31072018&id=1ebd1a4f-f0d8-4a8e-9cc1-49757c8b2406\">Al Shorouk reports<\/a><\/u>. The government had <u><a href=\"https:\/\/enterprise.press\/stories\/2018\/06\/06\/government-decides-to-import-rice-suggesting-further-cuts-in-local-cultivation-are-coming\/\">decided in June<\/a><\/u> to allow rice imports, following previous measures to clamp down on the cultivation of the water-intensive crop. Supply Minister Ali El Moselhy <u><a href=\"https:\/\/enterprise.press\/stories\/2018\/07\/18\/supply-ministry-to-announce-cap-on-rice-imports\/\">had also said<\/a><\/u> his ministry would select specific countries from which rice can be sourced and set a cap on the amount of rice Egypt will import, and would announce these rules within three months.<\/p>\n<p><strong>The Supply Ministry has designed a program to streamline the process of registering new subsidy beneficiaries<\/strong>, ministry spokesman Ahmed Kamal said on Al Hayah fi Masr. Kamal noted that all new additions to subsidy rolls will come into effect as of November (<u><a href=\"https:\/\/www.youtube.com\/watch?v=LeweF-62hyY\">watch, runtime: 5:18<\/a><\/u>). The minister\u2019s IT advisor Amr Madkour also broke down the procedures to register on Masaa DMC, and warned that providing incorrect data could result in penalties (<u><a href=\"https:\/\/www.youtube.com\/watch?v=AW9BFZSPcI8\">watch, runtime: 8:01<\/a><\/u>).<\/p>\n<p><strong>The Press and Media Act is perfectly constitutional and its final form was more than satisfactory<\/strong>, Rep. Osama Heikal said on Hona Al Asema. Heikal\u2019s only concern with the law is that it will need to be amended within a few years to remain up to date with media developments (<u><a href=\"https:\/\/www.youtube.com\/watch?v=QvgumnZISjo\">watch, runtime: 30:04<\/a><\/u>).<\/p>\n<p><strong>Support Egypt Coalition head Mohamed Elsewedy also discussed other laws parliament passed<\/strong> during the most recent legislative session, as well as the Madbouly Cabinet\u2019s policy program with Masaa DMC\u2019s Osama Kamal (<u><a href=\"https:\/\/www.youtube.com\/watch?v=lEJbuGUOY_g\">watch, runtime: 4:40<\/a><\/u>). On a separate note, Elsewedy dismissed allegations that parliament wastes its resources, saying that House reps. receive salaries no higher than EGP 27,000 (<u><a href=\"https:\/\/www.youtube.com\/watch?v=kLsGF-3GplA\">watch, runtime: 6:25<\/a><\/u>).<\/p>\n<p><strong>Media reports that doctors at Qasr Al Aini hospital stole a deceased patient\u2019s corneas<\/strong> also got some airtime last night. House Rep. Magdy Morshed claimed that the move was legal, since corneas are considered a tissue and not an organ, meaning the hospital did not need to take permission to extract them (<u><a href=\"https:\/\/www.facebook.com\/YahdothFiMasr\/videos\/642115636166746\/\">watch, runtime: 3:43<\/a><\/u>). Law professor Mahmoud Kobeish begs to differ, telling Hona Al Asema\u2019s Reham Ibrahim that the incident is a crime punishable by law (<u><a href=\"https:\/\/www.youtube.com\/watch?v=jzV9ZJcG2h0\">watch, runtime: 5:47<\/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\/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=\"625302\" 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=\"625302\">\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\/08\/01\/finmin-to-impose-a-real-estate-tax-on-oil-and-gas-developments\/\">\r\n                            FinMin to impose a real estate tax on oil and gas developments                        <\/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\/08\/01\/finmin-to-impose-a-real-estate-tax-on-oil-and-gas-developments\/\" 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\/08\/01\/finmin-to-impose-a-real-estate-tax-on-oil-and-gas-developments\/')\">\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\/08\/01\/finmin-to-impose-a-real-estate-tax-on-oil-and-gas-developments\/\">\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=FinMin to impose a real estate tax on oil and gas developments&url=https:\/\/enterpriseam.com\/egypt\/2018\/08\/01\/finmin-to-impose-a-real-estate-tax-on-oil-and-gas-developments\/\">\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\/08\/01\/finmin-to-impose-a-real-estate-tax-on-oil-and-gas-developments\/&title=FinMin to impose a real estate tax on oil and gas developments\">\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=FinMin+to+impose+a+real+estate+tax+on+oil+and+gas+developments+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F08%2F01%2Ffinmin-to-impose-a-real-estate-tax-on-oil-and-gas-developments%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\/08\/01\/finmin-to-impose-a-real-estate-tax-on-oil-and-gas-developments\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-625302\" class=\"content-area-description single-story post-625302 post type-post status-publish format-standard hentry category-speed-round tag-enterpriseam tag-speed-round wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>EXCLUSIVE- FinMin to impose a real estate tax on oil and gas developments: <\/strong>The Finance Ministry is planning to impose a real estate tax on oil and gas assets, according to documents seen by Enterprise. The move appears to have been in the works for some time and according to the documents, the Finance Ministry, the EGPC and oil and gas companies have been holding meetings on how this real estate tax would be imposed. It is not yet clear whether an agreement had been reached with foreign and local energy companies with regards to the tax. Nonetheless, the ministry had drafted a framework and formula for how the new tax would work and sent it to the Oil Ministry for approval and sign off.<\/p>\n<p><strong>How will the new tax work?<\/strong> The real estate tax rate for the oil and gas sector has been set at 10% of the tax base (the value which will be taxed). The Finance Ministry has developed a formula to calculate the tax base, which will include assigning a value for the oil and gas fields based on the book value of the field\u2019s land and facilities, the period of time since the development of the field, and the average inflation rate over the past 10 years. A value for the rate of depreciation of the asset will be set and deducted from the value of the assets. The lifespan of the development, will also be factored into the tax base. Companies leasing a field can claim a tax deduction of 32% of the value of the field. (We\u2019re still unpacking the nuances of this very complicated tax formula and we\u2019ll have more for you on this once we do)<\/p>\n<p><strong>How big of a burden will this be for oil and gas companies? <\/strong>Oil and gas companies already have the largest corporate tax rate of any sector in the country, with a rate of 40.55% of their profits, compared 22.5% for all other sectors. Provisions in every concession agreement determine the rate at which companies pay a capital gains tax. Companies are exempt from paying taxes on dividends and VAT. EY has an excellent primer and explainer on the tax framework for the sector, <u><a href=\"https:\/\/www.ey.com\/gl\/en\/services\/tax\/global-oil-and-gas-tax-guide---xmlqs?preview&XmlUrl=\/ec1mages\/taxguides\/GOG-2017\/GOG-EG.xml\">which you can check out here<\/a><\/u>.<\/p>\n<p><strong>Part of a wider plan to expand real estate taxation: <\/strong>The move to part of a set of sweeping new tax reforms the Finance Ministry is planning, which include expanding real estate tax revenues. The ministry is planning to undertake this year a massive survey and appraisal of the country\u2019s real estate assets, which by law is conducted once every five years, <u><a href=\"http:\/\/almalnews.com\/Story\/384513\/14\/%C2%AB%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9%C2%BB-%D8%AA%D8%AA%D8%A3%D9%87%D8%A8-%D9%84%D8%AA%D8%B7%D8%A8%D9%8A%D9%82-%D8%AB%D8%A7%D9%86%D9%89-%D9%85%D8%B1%D8%A7%D8%AD%D9%84-%D8%A7%D9%84%D8%B6%D8%B1%D8%A7%D8%A6%D8%A8-%D8%A7%D9%84%D8%B9%D9%82%D8%A7%D8%B1%D9%8A%D8%A9\">according to Al Mal<\/a><\/u>. the appraisal will determine the value of residential, commercial, and industrial properties to better calculate the the tax base. Sources tell the newspaper that the ministry is considering delaying the application of the resulting new taxes for another year.<\/p>\n<p><strong>Furthermore, <\/strong><strong><u><a href=\"https:\/\/enterprise.press\/stories\/2018\/06\/26\/govt-plans-to-issue-clear-and-simplified-guidelines-for-tax-assessment-of-real-estate\/\">sources had told us in June<\/a><\/u><\/strong><strong> that Madbouly government is gearing up for a major overhaul of how real estate taxes are calculated<\/strong>, is working on a new formula that would set \u201cclear and simplified\u201d guidelines for the tax assessment of industrial properties, hotels, ports and airports. The government is on track to collect as much as EGP 5.3 bn from real estate taxes in the next fiscal year, up from EGP 3.5 bn this year.<\/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=\"625316\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"625317\" 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=\"625317\">\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\/08\/01\/what-were-tracking-this-week-and-beyond-96\/\">\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            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<\/a>\r\n\r\n                \n<article id=\"post-625317\" class=\"content-area-description single-story post-625317 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>The Federation of Egyptian Industries\u2019 (FEI) tax committee will meet tomorrow <\/strong>to discuss the FEI\u2019s divisions\u2019 remarks on the Finance Ministry\u2019s new Customs Act.<\/p>\n<p><strong>The CBE will be hosting the 41st annual meeting of the Association of African central banks<\/strong> (AACB) at Sharm El Sheikh from 5 to 9 August.<\/p>\n<p>Prime Minister Mostafa Madbouly is set to <strong>select the board of directors for Egypt\u2019s EGP 200 bn sovereign wealth fund<\/strong> \u201cwithin days.\u201d<\/p>\n<p><strong>Foreign Minister Sameh Shoukry should be landing in Washington next week<\/strong> to meet with US Secretary of State Mike Pompeo over developments in the Middle East and US-Egypt relations.<\/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=\"625318\" 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=\"625318\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">Image of the Day<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/01\/female-gymnast-stirs-controversy-with-photoshoot-on-cairo-streets\/\">\r\n                            Female gymnast stirs controversy with photoshoot on Cairo streets                        <\/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\/08\/01\/female-gymnast-stirs-controversy-with-photoshoot-on-cairo-streets\/\" target=\"_blank\">\n                    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       <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Female+gymnast+stirs+controversy+with+photoshoot+on+Cairo+streets+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F08%2F01%2Ffemale-gymnast-stirs-controversy-with-photoshoot-on-cairo-streets%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\/08\/01\/female-gymnast-stirs-controversy-with-photoshoot-on-cairo-streets\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2018\/7\/556.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"625319\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/01\/female-gymnast-stirs-controversy-with-photoshoot-on-cairo-streets\/556-jpg-12\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/7\/556.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"556.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/7\/556.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/7\/556.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-625318\" class=\"content-area-description single-story post-625318 post type-post status-publish format-standard has-post-thumbnail hentry category-image-of-the-day tag-enterpriseam tag-image-of-the-day wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>15-year-old gymnast Malak El Naghy stirred controversy with a photoshoot she did on Cairo\u2019s streets. <\/strong>The social media community was apparently so harsh in its reaction to pictures El Naghy posted of herself in various complicated gymnastics poses and positions in various locations around the city \u2014 accusing her of immodesty and eventually forcing the athlete to take the photos off the internet, <u><a href=\"http:\/\/english.alarabiya.net\/en\/variety\/2018\/07\/31\/Photos-of-Egyptian-girl-in-gymnastics-poses-spark-controversy.html\">according to Al Arabiya<\/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\/image-of-the-day\/\">IMAGE OF THE DAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"625320\" 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=\"625320\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/01\/military-court-sentences-poet-to-three-years-in-prison-for-insulting-security-forces\/\">\r\n                            Military court sentences poet to three years in prison for \u201cinsulting security forces\u201d                        <\/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\/08\/01\/military-court-sentences-poet-to-three-years-in-prison-for-insulting-security-forces\/\" 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\/08\/01\/military-court-sentences-poet-to-three-years-in-prison-for-insulting-security-forces\/')\">\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\/08\/01\/military-court-sentences-poet-to-three-years-in-prison-for-insulting-security-forces\/\">\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=Military court sentences poet to three years in prison for \u201cinsulting security forces\u201d&url=https:\/\/enterpriseam.com\/egypt\/2018\/08\/01\/military-court-sentences-poet-to-three-years-in-prison-for-insulting-security-forces\/\">\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\/08\/01\/military-court-sentences-poet-to-three-years-in-prison-for-insulting-security-forces\/&title=Military court sentences poet to three years in prison for \u201cinsulting security forces\u201d\">\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=Military+court+sentences+poet+to+three+years+in+prison+for+%E2%80%9Cinsulting+security+forces%E2%80%9D+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F08%2F01%2Fmilitary-court-sentences-poet-to-three-years-in-prison-for-insulting-security-forces%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\/08\/01\/military-court-sentences-poet-to-three-years-in-prison-for-insulting-security-forces\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-625320\" class=\"content-area-description single-story post-625320 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-egypt-in-the-news tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Topping coverage of Egypt in the foreign press this morning are wire pickups of the a three-year military court sentence handed down to poet Galal El Beheiri<\/strong> over a collection of poems seen as insulting to security forces and for disseminating false news. He was arrested in March over \u201ca collection of poems entitled \u2018The Best Women on Earth,\u2019 a play on a saying attributed to the Prophet Muhammad that Egypt was the birthplace of \u2018the best soldiers on earth.\u2019\u201d The verdict can be appealed, <u><a href=\"https:\/\/www.nytimes.com\/aponline\/2018\/07\/31\/world\/middleeast\/ap-ml-egypt-poet-sentenced.html\">the Associated Press reports<\/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\/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=\"625322\" 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=\"625322\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">On Deadline<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/01\/govt-cant-impose-coercive-policies-to-contain-population-growth\/\">\r\n                            Gov\u2019t can\u2019t impose coercive policies to contain population growth                        <\/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\/08\/01\/govt-cant-impose-coercive-policies-to-contain-population-growth\/\" 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\/08\/01\/govt-cant-impose-coercive-policies-to-contain-population-growth\/')\">\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\/08\/01\/govt-cant-impose-coercive-policies-to-contain-population-growth\/\">\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 can\u2019t impose coercive policies to contain population growth&url=https:\/\/enterpriseam.com\/egypt\/2018\/08\/01\/govt-cant-impose-coercive-policies-to-contain-population-growth\/\">\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\/08\/01\/govt-cant-impose-coercive-policies-to-contain-population-growth\/&title=Gov\u2019t can\u2019t impose coercive policies to contain population growth\">\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+can%E2%80%99t+impose+coercive+policies+to+contain+population+growth+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F08%2F01%2Fgovt-cant-impose-coercive-policies-to-contain-population-growth%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\/08\/01\/govt-cant-impose-coercive-policies-to-contain-population-growth\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-625322\" class=\"content-area-description single-story post-625322 post type-post status-publish format-standard hentry category-on-deadline tag-enterpriseam tag-on-deadline wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The government can\u2019t coercively contain population growth, so awareness campaigns are our best bet:<\/strong> Egypt can\u2019t mimic India\u2019s mass sterilization program or China\u2019s one-child policy to contain population growth because of the religious and ethical implications, but we still need to get our population boom under control, Sahar El Gaara writes for <u><a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1311485\">Al Masry Al Youm<\/a><\/u>. El Gaara calls on the state and the media to instead launch aggressive awareness campaigns and impose strict child labor laws that will discourage citizens from seeing children as a source of income.<\/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=\"625323\" 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=\"625323\">\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 reading<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/01\/the-ft-is-confused-about-how-women-should-act-in-the-work-force\/\">\r\n                            The FT is confused about how women should act in the work force                        <\/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\/08\/01\/the-ft-is-confused-about-how-women-should-act-in-the-work-force\/\" 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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Noor acquiesces that the profession is decidedly dominated by males and that they tend to look for employees with character traits that are typically attributed to men, but points out that there is no single trait that will determine success. \u201cWhat matters is results and, in trading, the results are immediate and measurable. Women can rise quickly inside trading firms because once you show that you can generate profits, your pay will probably be equalised with that of your male colleagues.\u201d<\/p>\n<p><strong>Please, Ft, quit while you\u2019re ahead: <\/strong>While Noor encourages women to let their skills speak for themselves, <u><a href=\"https:\/\/www.ft.com\/content\/07ab7de4-89e5-11e8-affd-da9960227309\">Sarah Cooper suggests<\/a><\/u> that women have to hide any talents they have with tasks that are stereotypically assigned to women to avoid getting stuck with these tasks at the expense of their actual professional responsibilities. Cooper argues that gender discrimination in task assignments is unacceptable, but we take issue with the argument that women need to hide their skills and capabilities (whatever they may be) to circumvent a manager\u2019s sexism, rather than speak out against said sexism.<\/p>\n<p><strong>Perhaps the most infuriatingly demeaning part of Cooper\u2019s piece<\/strong>, however, is the suggestion that women are intrinsically programmed to perform these tasks and that they must exercise restraint to \u201c[suppress] every instinct you have ever had\u201d to \u201cnourish, feed, or clean up after your co-workers, or yourself.\u201d<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"625325\" 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=\"625325\">\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\/08\/01\/fatah-responds-positively-to-egypts-reconciliation-plant\/\">\r\n                            Fatah responds \u201cpositively\u201d to Egypt\u2019s reconciliation plant                        <\/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\/08\/01\/fatah-responds-positively-to-egypts-reconciliation-plant\/\" 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\/08\/01\/fatah-responds-positively-to-egypts-reconciliation-plant\/')\">\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\/08\/01\/fatah-responds-positively-to-egypts-reconciliation-plant\/\">\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=Fatah responds \u201cpositively\u201d to Egypt\u2019s reconciliation plant&url=https:\/\/enterpriseam.com\/egypt\/2018\/08\/01\/fatah-responds-positively-to-egypts-reconciliation-plant\/\">\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\/08\/01\/fatah-responds-positively-to-egypts-reconciliation-plant\/&title=Fatah responds \u201cpositively\u201d to Egypt\u2019s reconciliation plant\">\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=Fatah+responds+%E2%80%9Cpositively%E2%80%9D+to+Egypt%E2%80%99s+reconciliation+plant+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F08%2F01%2Ffatah-responds-positively-to-egypts-reconciliation-plant%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\/08\/01\/fatah-responds-positively-to-egypts-reconciliation-plant\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-625325\" class=\"content-area-description single-story post-625325 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-diplomacy-foreign-trade tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Fatah has \u201cpositively responded\u201d to Egypt\u2019s new proposal for reconciliation with rival faction Hamas<\/strong>, <u><a href=\"https:\/\/www.haaretz.com\/middle-east-news\/palestinians\/.premium-hamas-delegation-makes-unplanned-visit-to-cairo-amid-fatah-egypt-talks-1.6334782\">according to Haaretz.<\/a><\/u> There are still some pending issues that both sides have yet to agree on, but a Hamas delegation arrived in Cairo yesterday to resume negotiations. Senior Fatah officials were reportedly already in town.<\/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\/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=\"625327\" 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=\"625327\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/01\/nrea-to-sign-contracts-with-spains-tsk-for-26-mw-kom-ombo-solar-plant-next-week\/\">\r\n                            NREA to sign contracts with Spain\u2019s TSK for 26 MW Kom Ombo solar plant next week                        <\/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\/08\/01\/nrea-to-sign-contracts-with-spains-tsk-for-26-mw-kom-ombo-solar-plant-next-week\/\" 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\/08\/01\/nrea-to-sign-contracts-with-spains-tsk-for-26-mw-kom-ombo-solar-plant-next-week\/')\">\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\/08\/01\/nrea-to-sign-contracts-with-spains-tsk-for-26-mw-kom-ombo-solar-plant-next-week\/\">\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=NREA to sign contracts with Spain\u2019s TSK for 26 MW Kom Ombo solar plant next week&url=https:\/\/enterpriseam.com\/egypt\/2018\/08\/01\/nrea-to-sign-contracts-with-spains-tsk-for-26-mw-kom-ombo-solar-plant-next-week\/\">\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\/08\/01\/nrea-to-sign-contracts-with-spains-tsk-for-26-mw-kom-ombo-solar-plant-next-week\/&title=NREA to sign contracts with Spain\u2019s TSK for 26 MW Kom Ombo solar plant next week\">\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=NREA+to+sign+contracts+with+Spain%E2%80%99s+TSK+for+26+MW+Kom+Ombo+solar+plant+next+week+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F08%2F01%2Fnrea-to-sign-contracts-with-spains-tsk-for-26-mw-kom-ombo-solar-plant-next-week%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\/08\/01\/nrea-to-sign-contracts-with-spains-tsk-for-26-mw-kom-ombo-solar-plant-next-week\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-625327\" class=\"content-area-description single-story post-625327 post type-post status-publish format-standard hentry category-energy tag-energy 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\/.c4c5cc41-f101-4930-ad89-bde7f1ad6bae.mp3\"><\/audio><\/figure>\n<p>The New and Renewable Energy Authority (NREA) will sign the contracts with Spain\u2019s TSK Group for the development of a 26 MW solar power plant in Kom Ombo in Upper Egypt next week, NREA head <u><a href=\"https:\/\/alborsaanews.com\/2018\/07\/31\/1120365\">Mohamed El Khayat said<\/a><\/u>. TSK Group edged out China\u2019s Nari Solar Energy Technology to win the tender for the plant. El Khayat did not disclose the expected investment value or timeline for the development of the plant, which will be financed by the French Development Agency.<\/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\/energy\/\">energy<\/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=\"625328\" 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=\"625328\">\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\">Real Estate + Housing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/01\/master-group-to-launch-new-capital-residential-project-by-the-end-of-august\/\">\r\n                            Master Group to launch new capital residential project by the end of August                        <\/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\/08\/01\/master-group-to-launch-new-capital-residential-project-by-the-end-of-august\/\" 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\/08\/01\/master-group-to-launch-new-capital-residential-project-by-the-end-of-august\/')\">\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\/08\/01\/master-group-to-launch-new-capital-residential-project-by-the-end-of-august\/\">\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=Master Group to launch new capital residential project by the end of August&url=https:\/\/enterpriseam.com\/egypt\/2018\/08\/01\/master-group-to-launch-new-capital-residential-project-by-the-end-of-august\/\">\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\/08\/01\/master-group-to-launch-new-capital-residential-project-by-the-end-of-august\/&title=Master Group to launch new capital residential project by the end of August\">\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=Master+Group+to+launch+new+capital+residential+project+by+the+end+of+August+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F08%2F01%2Fmaster-group-to-launch-new-capital-residential-project-by-the-end-of-august%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\/08\/01\/master-group-to-launch-new-capital-residential-project-by-the-end-of-august\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-625328\" class=\"content-area-description single-story post-625328 post type-post status-publish format-standard hentry category-real-estate-housing tag-enterpriseam tag-real-estate-housing wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.d61b4c59-0c3e-4750-950f-501713fc7b09.mp3\"><\/audio><\/figure>\n<p>Real estate developer Master Group is launching a EGP 6 bn mixed-use residential development at the new capital by the end of August, Managing Director Mohamed Lasheen tells Amwal Al Ghad. The project will be built over an area of 63 feddans.<\/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\/real-estate-housing\/\">Real Estate + Housing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"625330\" 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=\"625330\">\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\/08\/01\/swiss-to-launch-a-new-direct-flight-from-geneva-to-hurghada-easyjet-from-milan-to-return-to-red-sea\/\">\r\n                            SWISS to launch a new direct flight from Geneva to Hurghada, EasyJet from Milan to return to Red Sea                        <\/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\/08\/01\/swiss-to-launch-a-new-direct-flight-from-geneva-to-hurghada-easyjet-from-milan-to-return-to-red-sea\/\" 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\/08\/01\/swiss-to-launch-a-new-direct-flight-from-geneva-to-hurghada-easyjet-from-milan-to-return-to-red-sea\/')\">\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\/08\/01\/swiss-to-launch-a-new-direct-flight-from-geneva-to-hurghada-easyjet-from-milan-to-return-to-red-sea\/\">\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=SWISS to launch a new direct flight from Geneva to Hurghada, EasyJet from Milan to return to Red Sea&url=https:\/\/enterpriseam.com\/egypt\/2018\/08\/01\/swiss-to-launch-a-new-direct-flight-from-geneva-to-hurghada-easyjet-from-milan-to-return-to-red-sea\/\">\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\/08\/01\/swiss-to-launch-a-new-direct-flight-from-geneva-to-hurghada-easyjet-from-milan-to-return-to-red-sea\/&title=SWISS to launch a new direct flight from Geneva to Hurghada, EasyJet from Milan to return to Red Sea\">\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=SWISS+to+launch+a+new+direct+flight+from+Geneva+to+Hurghada%2C+EasyJet+from+Milan+to+return+to+Red+Sea+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F08%2F01%2Fswiss-to-launch-a-new-direct-flight-from-geneva-to-hurghada-easyjet-from-milan-to-return-to-red-sea%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\/08\/01\/swiss-to-launch-a-new-direct-flight-from-geneva-to-hurghada-easyjet-from-milan-to-return-to-red-sea\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-625330\" class=\"content-area-description single-story post-625330 post type-post status-publish format-standard hentry category-tourism tag-enterpriseam tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.b29ca224-b831-4d54-9cd1-e732bc9364ed.mp3\"><\/audio><\/figure>\n<p>Swiss International Air Lines (SWISS) will be adding new direct flights between Geneva-Hurghada to their service as of October, <u><a href=\"https:\/\/ftnnews.com\/aviation\/34620-swiss-to-start-new-geneva-hurghada-flights.html\">FTN News reports<\/a><\/u>. The move is another sign that tourism is returning to Egypt and comes as EasyJet flights from Milan to Red Sea destinations are set to resume after a three-year hiatus following the Metrojet incident of 2015, when a Russian plane crashed after taking off from Sharm El Sheikh, <u><a href=\"https:\/\/www.egyptindependent.com\/geneva-hurghada-flight-announced-as-tourism-booms\/\">according to Egypt Independent<\/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\/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=\"625331\" 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=\"625331\">\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\">Banking + Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/01\/eib-nbe-in-talks-over-second-tranche-of-financing-agreement-to-support-egypts-smes\/\">\r\n                            EIB, NBE in talks over second tranche of financing agreement to support Egypt\u2019s SMEs                        <\/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\/08\/01\/eib-nbe-in-talks-over-second-tranche-of-financing-agreement-to-support-egypts-smes\/\" 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\/08\/01\/eib-nbe-in-talks-over-second-tranche-of-financing-agreement-to-support-egypts-smes\/')\">\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\/08\/01\/eib-nbe-in-talks-over-second-tranche-of-financing-agreement-to-support-egypts-smes\/\">\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=EIB, NBE in talks over second tranche of financing agreement to support Egypt\u2019s SMEs&url=https:\/\/enterpriseam.com\/egypt\/2018\/08\/01\/eib-nbe-in-talks-over-second-tranche-of-financing-agreement-to-support-egypts-smes\/\">\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\/08\/01\/eib-nbe-in-talks-over-second-tranche-of-financing-agreement-to-support-egypts-smes\/&title=EIB, NBE in talks over second tranche of financing agreement to support Egypt\u2019s SMEs\">\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=EIB%2C+NBE+in+talks+over+second+tranche+of+financing+agreement+to+support+Egypt%E2%80%99s+SMEs+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F08%2F01%2Feib-nbe-in-talks-over-second-tranche-of-financing-agreement-to-support-egypts-smes%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\/08\/01\/eib-nbe-in-talks-over-second-tranche-of-financing-agreement-to-support-egypts-smes\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-625331\" class=\"content-area-description single-story post-625331 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\/.8930a76b-a75e-4634-b96f-c2722ae680a0.mp3\"><\/audio><\/figure>\n<p>The National Bank of Egypt (NBE) is in talks with the European Investment Bank (EIB) over the second tranche of a USD 500-750 mn financing package to support Egypt\u2019s SMEs, an unidentified <u><a href=\"http:\/\/www.almalnews.com\/Story\/384527\/12\/%C2%AB%D8%A7%D9%84%D8%A3%D9%87%D9%84%D9%89%C2%BB-%D9%8A%D8%AA%D9%81%D8%A7%D9%88%D8%B6-%D8%B9%D9%84%D9%89-%D8%B4%D8%B1%D9%8A%D8%AD%D8%A9-%D8%AA%D9%85%D9%88%D9%8A%D9%84%D9%8A%D8%A9-%D8%AB%D8%A7%D9%86%D9%8A%D8%A9-%D9%85%D9%86-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-%D8%A7\">source tells Al Mal<\/a><\/u>. The two banks had signed the contracts for the first EUR 375 mn tranche of the loan <u><a href=\"https:\/\/enterprise.press\/stories\/2018\/07\/29\/eib-nbe-sign-eur-375-mn-financing-agreement-to-support-egypts-smes\/\">last month<\/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\/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=\"625332\" 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=\"625332\">\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\">Other Business News of Note<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/01\/fei-expresses-reservations-about-cbes-egp-16-8-bn-debt-relief-program\/\">\r\n                            FEI expresses reservations about CBE\u2019s EGP 16.8 bn debt relief 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\/08\/01\/fei-expresses-reservations-about-cbes-egp-16-8-bn-debt-relief-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\/08\/01\/fei-expresses-reservations-about-cbes-egp-16-8-bn-debt-relief-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\/08\/01\/fei-expresses-reservations-about-cbes-egp-16-8-bn-debt-relief-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=FEI expresses reservations about CBE\u2019s EGP 16.8 bn debt relief program&url=https:\/\/enterpriseam.com\/egypt\/2018\/08\/01\/fei-expresses-reservations-about-cbes-egp-16-8-bn-debt-relief-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\/08\/01\/fei-expresses-reservations-about-cbes-egp-16-8-bn-debt-relief-program\/&title=FEI expresses reservations about CBE\u2019s EGP 16.8 bn debt relief 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=FEI+expresses+reservations+about+CBE%E2%80%99s+EGP+16.8+bn+debt+relief+program+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F08%2F01%2Ffei-expresses-reservations-about-cbes-egp-16-8-bn-debt-relief-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\/08\/01\/fei-expresses-reservations-about-cbes-egp-16-8-bn-debt-relief-program\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-625332\" class=\"content-area-description single-story post-625332 post type-post status-publish format-standard hentry category-other-business-news-of-note tag-enterpriseam tag-other-business-news-of-note wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.cde01ac9-be49-48d0-a6bb-fe135c441de2.mp3\"><\/audio><\/figure>\n<p>The Federation of Egyptian Industries (FEI) has expressed some reservations about the CBE\u2019s EGP 16.8 bn debt relief program,<u><a href=\"http:\/\/www.almalnews.com\/Story\/384639\/14\/%D8%B1%D8%AF-%C2%AB%D8%A7%D8%AA%D8%AD%D8%A7%D8%AF-%D8%A7%D9%84%D8%B5%D9%86%D8%A7%D8%B9%D8%A7%D8%AA%C2%BB-%D8%B9%D9%84%D9%89-%D9%85%D8%A8%D8%A7%D8%AF%D8%B1%D8%A9-%C2%AB%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A%C2%BB-%D9%84%D8%AA%D8%B3%D9%88%D9%8A%D8%A9-%D9%85%D8%AF%D9%8A%D9%88%D9%86%D9%8A%D8%A7%D8%AA-%D8%A7%D9%84%D9%85%D8%AA%D8%B9%D8%AB%D8%B1%D9%8A%D9%86\">Al Mal reports<\/a><\/u>. Their chief concerns have to do with implementing the debt relief program. There are no guarantees in the initiative that businesses that will benefit from it will invest in growing their companies, members of the FEI\u2019s investment policy committee said. A businessman can get the relief, then up and sell their debt-free business right away. Other reservations include the lack of a system to monitor compliance with the terms of the initiative, they noted. The program, <u><a href=\"https:\/\/enterprise.press\/stories\/2018\/06\/28\/cbe-launches-egp-16-8-bn-debt-relief-program\/\">which was launched the CBE in June,<\/a><\/u> will help around 3,500 business with assets less than EGP 10 mn, as well as some 337k individual borrowers, who have taken out loans from nine state bank Under the program, businesses targeted by the initiative will see a total of EGP 12 bn in relief, while individual borrowers will see some EGP 4.8 bn.<\/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\/other-business-news-of-note\/\">Other Business News of Note<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"625333\" 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=\"625333\">\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\">Law<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/01\/baker-mckenzie-intl-members-helmy-hamza-partners-secure-win-for-el-motaheda-co-case-against-glucose-maker\/\">\r\n                            Baker &amp; Mckenzie Int\u2019l members Helmy, Hamza &amp; Partners secure win for El Motaheda Co. case against glucose maker                        <\/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\/08\/01\/baker-mckenzie-intl-members-helmy-hamza-partners-secure-win-for-el-motaheda-co-case-against-glucose-maker\/\" 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\/08\/01\/baker-mckenzie-intl-members-helmy-hamza-partners-secure-win-for-el-motaheda-co-case-against-glucose-maker\/')\">\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\/08\/01\/baker-mckenzie-intl-members-helmy-hamza-partners-secure-win-for-el-motaheda-co-case-against-glucose-maker\/\">\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=Baker &#038; Mckenzie Int\u2019l members Helmy, Hamza &#038; Partners secure win for El Motaheda Co. case against glucose maker&url=https:\/\/enterpriseam.com\/egypt\/2018\/08\/01\/baker-mckenzie-intl-members-helmy-hamza-partners-secure-win-for-el-motaheda-co-case-against-glucose-maker\/\">\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\/08\/01\/baker-mckenzie-intl-members-helmy-hamza-partners-secure-win-for-el-motaheda-co-case-against-glucose-maker\/&title=Baker &#038; Mckenzie Int\u2019l members Helmy, Hamza &#038; Partners secure win for El Motaheda Co. case against glucose maker\">\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=Baker+%26%23038%3B+Mckenzie+Int%E2%80%99l+members+Helmy%2C+Hamza+%26%23038%3B+Partners+secure+win+for+El+Motaheda+Co.+case+against+glucose+maker+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F08%2F01%2Fbaker-mckenzie-intl-members-helmy-hamza-partners-secure-win-for-el-motaheda-co-case-against-glucose-maker%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\/08\/01\/baker-mckenzie-intl-members-helmy-hamza-partners-secure-win-for-el-motaheda-co-case-against-glucose-maker\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-625333\" class=\"content-area-description single-story post-625333 post type-post status-publish format-standard hentry category-law tag-enterpriseam tag-law 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\/.9a007b2f-fb02-4b84-b35e-b29ed863d0ae.mp3\"><\/audio><\/figure>\n<p>Baker & Mckenzie International announced last week that Egyptian affiliates Helmy, Hamza & Partners successfully secured a winning verdict for El Motaheda Co. for Trade in its case against a \u201cmajor\u201d Egyptian glucose producer, whose identity was not revealed. El Motaheda had pursued legal action against the glucose manufacturer for losses incurred between 2008-12 as the result of unfair price increases, which had been born of collusion between three of the country\u2019s major glucose makers, <u><a href=\"https:\/\/www.bakermckenzie.com\/en\/newsroom\/2018\/07\/private-damages-action\">the law firm said in a release<\/a><\/u>. All three producers had reached a settlement agreement with the Egyptian Competition Authority (ECA) after they were investigated and found to be in violation. The Economic Court\u2019s verdict, however, came in spite of the settlement, making \u201cthe case the first successful private damages case following an ECA cartel settlement decision,\u201d according to the firm.<\/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\/law\/\">law<\/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=\"625334\" 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=\"625334\">\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\">National Security<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/01\/police-kill-five-hasm-militants-during-raid-shoot-out\/\">\r\n                            Police kill five Hasm militants during raid shoot-out                        <\/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\/08\/01\/police-kill-five-hasm-militants-during-raid-shoot-out\/\" 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\/08\/01\/police-kill-five-hasm-militants-during-raid-shoot-out\/')\">\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\/08\/01\/police-kill-five-hasm-militants-during-raid-shoot-out\/\">\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=Police kill five Hasm militants during raid shoot-out&url=https:\/\/enterpriseam.com\/egypt\/2018\/08\/01\/police-kill-five-hasm-militants-during-raid-shoot-out\/\">\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\/08\/01\/police-kill-five-hasm-militants-during-raid-shoot-out\/&title=Police kill five Hasm militants during raid shoot-out\">\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=Police+kill+five+Hasm+militants+during+raid+shoot-out+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F08%2F01%2Fpolice-kill-five-hasm-militants-during-raid-shoot-out%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\/08\/01\/police-kill-five-hasm-militants-during-raid-shoot-out\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-625334\" class=\"content-area-description single-story post-625334 post type-post status-publish format-standard hentry category-national-security tag-enterpriseam tag-national-security 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\/.b6e03eea-b3e1-41a6-8280-6ddc8fd4c7d7.mp3\"><\/audio><\/figure>\n<p>Security forces killed yesterday five Hasm militants in a shoot-out during a raid on their hideout in El Obour City, according to an <u><a href=\"https:\/\/www.facebook.com\/MoiEgy\/posts\/1862190443824610\">Interior Ministry statement<\/a><\/u>. Police also arrested another five militants in the raid.<\/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\/national-security\/\">national security<\/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=\"625335\" 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=\"625335\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">17<\/div>\r\n\r\n                    <p class=\"f-graphik\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/01\/usaid-mba-scholarship-program-graduates-37-women\/\">\r\n                            USAID MBA scholarship program graduates 37 women                        <\/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\/08\/01\/usaid-mba-scholarship-program-graduates-37-women\/\" 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\/08\/01\/usaid-mba-scholarship-program-graduates-37-women\/')\">\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\/08\/01\/usaid-mba-scholarship-program-graduates-37-women\/\">\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=USAID MBA scholarship program graduates 37 women&url=https:\/\/enterpriseam.com\/egypt\/2018\/08\/01\/usaid-mba-scholarship-program-graduates-37-women\/\">\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\/08\/01\/usaid-mba-scholarship-program-graduates-37-women\/&title=USAID MBA scholarship program graduates 37 women\">\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=USAID+MBA+scholarship+program+graduates+37+women+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F08%2F01%2Fusaid-mba-scholarship-program-graduates-37-women%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\/08\/01\/usaid-mba-scholarship-program-graduates-37-women\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-625335\" class=\"content-area-description single-story post-625335 post type-post status-publish format-standard hentry category-on-your-way-out tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>USAID MBA scholarship program graduates 37 women:<\/strong> The US Agency for International Development (USAID) celebrated the graduation of 37 women from all over Egypt who received USAID scholarships to earn MBA degrees at premier universities in the United States, according to <u><a href=\"https:\/\/ent.news\/2018\/8\/648.pdf\">a statement from the US embassy (pdf)<\/a><\/u>. \u201cThese graduates join hundreds of USAID scholarship recipients who are making a difference in Egypt,\u201d said USAID Egypt Mission Director Sherry F. Carlin. \u201cThe U.S.-Egypt Higher Education Initiative is a multi-year investment in Egypt\u2019s future, but the impact can last a lifetime,\u201d she added.<\/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=\"625336\" 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=\"625336\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">18<\/div>\r\n\r\n                    <p class=\"f-graphik\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/01\/625336\/\">\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\/08\/01\/625336\/\" 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\/08\/01\/625336\/')\">\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\/08\/01\/625336\/\">\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\/08\/01\/625336\/\">\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\/08\/01\/625336\/&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%2F08%2F01%2F625336%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\/08\/01\/625336\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-625336\" class=\"content-area-description single-story post-625336 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 17.82 | Sell 17.92<strong><br \/>\n EGP \/ USD at CIB:<\/strong> Buy 17.83 | Sell 17.93<br \/>\n <strong>EGP \/ USD at NBE: <\/strong>Buy 17.78 | Sell 17.88<\/p>\n<p><strong>EGX30<\/strong> (Tuesday): 15,580 (+1.9%)<br \/>\n <strong>Turnover:<\/strong> EGP 815 mn (9% above the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: +3.7%<\/p>\n<p><strong>THE MARKET ON TUESDAY:<\/strong> The EGX30 ended Tuesday\u2019s session up 1.9%. CIB, the index heaviest constituent ended up 2.1%. EGX30\u2019s top performing constituents were SODIC up 5.2%, TMG Holding up 5.1%, and Porto Group up 4.6%. Yesterday\u2019s worst performing stocks were Kima down 2.1%, Eastern Co down 1.3%, and Abu Qir Fertilizers down 0.3%. The market turnover was EGP 815 mn, and local investors were the sole net sellers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Long | EGP +45.2 mn<br \/>\n <strong>Regional<\/strong>: Net Long | EGP +9.9 mn<br \/>\n <strong>Domestic<\/strong>: Net Short | EGP -55.0 mn<\/p>\n<p><strong>Retail<\/strong>: 51.0% of total trades | 46.1% of buyers | 55.8% of sellers<br \/>\n <strong>Institutions<\/strong>: 49.0% of total trades | 53.9% of buyers | 44.2% of sellers<\/p>\n<p><strong>Foreign:<\/strong> 33.1% of total | 35.9% of buyers | 30.4% of sellers<br \/>\n <strong>Regional:<\/strong> 8.8% of total | 9.4% of buyers | 8.2% of sellers<br \/>\n <strong>Domestic:<\/strong> 58.1% of total | 54.7% of buyers | 61.4% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 68.41 (-0.51%)<br \/>\n <strong>Brent:<\/strong> USD 73.95 (-0.35%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 2.78 MMBtu, (-0.07%, September 2018 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,232.40 \/ troy ounce (-0.10%)<\/p>\n<p><strong>TASI:<\/strong> 8,294.83 (-0.17%) (YTD: +14.79%)<br \/>\n <strong>ADX:<\/strong> 4,859.45 (+0.27%) (YTD: +10.48%)<br \/>\n <strong>DFM:<\/strong> 2,955.95 (-0.32%) (YTD: -12.29%)<br \/>\n <strong>KSE Premier Market:<\/strong> 5,296.99 (-1.25%)<br \/>\n <strong>QE:<\/strong> 9,825.11 (+1.80%) (YTD: +15.27%)<br \/>\n <strong>MSM:<\/strong> 4,336.55 (+0.37%) (YTD: -14.96%)<br \/>\n <strong>BB: <\/strong>1,358.35 (-0.89%) (YTD: +2.00%)<\/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=\"625337\" 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\/08\/01\/625337\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-625337\" class=\"content-area-description single-story post-625337 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>05 August (Sunday): Egypt\u2019s <u><a href=\"https:\/\/www.markiteconomics.com\/Public\/Release\/PressReleases?language=en\">PMI reading for July<\/a><\/u> released.<\/p>\n<p>05-09 August (Sunday-Thursday): CBE hosts <u><a href=\"http:\/\/aacb2018.com\/main\/final-preparations\/\">41st annual meeting of the Association of African central banks<\/a><\/u>, Sharm El Sheikh, Egypt.<\/p>\n<p>16 August (Thursday): CBE\u2019s Monetary Policy Committee meeting.<\/p>\n<p>21-25 August (Tuesday-Saturday): Eid Al Adha (TBC), national holiday.<\/p>\n<p>28-29 August (Tuesday-Wednesday): CI Capital\u2019s 5th Annual Egypt Equities Conference, Cape Town, South Africa.<\/p>\n<p>04-05 September (Tuesday-Wednesday): <u><a href=\"https:\/\/www.euromoneyconferences.com\/event\/a01D000001355HLIAY\/the-euromoney-egypt-conference-2018\">Euromoney Egypt Conference 2018<\/a><\/u>, Cairo.<\/p>\n<p>10-13 September (Monday-Thursday): <u><a href=\"https:\/\/8londonconference.efghermes.com\/pages\/home.aspx\">EFG Hermes\u2019 8th Annual London Conference<\/a><\/u>, Emirates Arsenal Stadium, London.<\/p>\n<p>11 September (Tuesday): Islamic New Year (TBC), national holiday.<\/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>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>06 October (Saturday): Armed Forces Day, national holiday.<\/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>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>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>25 January 2019 (Friday): Police Day, national holiday.<\/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":625298,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-625297","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"1b9cb7c4-7f74-4072-9941-2726af5d660d","teaser":"","photo_url":"https:\/\/ent.news\/2016\/4\/36.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Real estate tax on oil and gas sector coming - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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