{"id":625392,"date":"2018-08-05T04:14:17","date_gmt":"2018-08-05T04:14:17","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=625392"},"modified":"2025-12-17T08:35:01","modified_gmt":"2025-12-17T08:35:01","slug":"another-step-closer-to-deregulating-natgas","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/another-step-closer-to-deregulating-natgas\/","title":{"rendered":"Another step closer to deregulating natgas"},"content":{"rendered":"<section id=\"625394\" 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=\"625394\">\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\/05\/what-were-tracking-on-5-august-2018\/\">\r\n                            What we\u2019re tracking on 5 August 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\/05\/what-were-tracking-on-5-august-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(); 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The meetings, which run through tomorrow, are hosted by the central bank and the ministries of investment and finance and will be chaired by ministers Sahar Nasr and Mohamed Maait. A number of high-ranking IMF and World Bank officials are expected to be in attendance, as are representatives of African finance institutions. Nasr assumed the chairmanship of the World Bank\u2019s 2018 African Caucus <a href=\"https:\/\/enterprise.press\/stories\/2017\/10\/15\/govt-makes-the-case-for-more-investment-in-egypt-at-imf-wb-fall-meetings\/\">last year<\/a>.<\/p><p><strong>Foreign Minister Sameh Shoukry is meeting his Italian counterpart Enzo Moavero Milanesi in Cairo today <\/strong>for \u201cpolitical consultations,\u201d a ministry source <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/309041\/Egypt\/Politics-\/Egypts-FM-Shoukry-to-hold-political-consultations-.aspx\">tells Ahram Online<\/a>. Milanesi\u2019s visit to Egypt is set to last three days, during which he will also meet President Abdel Fattah El Sisi.<\/p><p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>Is Cleopatra Hospitals about to get a new owner? <\/strong>Abraaj veteran Ahmed Badreldin is leading a group of staff from the embattled private equity firm in a bid to spin off its USD 375 mn North Africa fund, according to <a href=\"https:\/\/www.wsj.com\/articles\/abraajs-north-africa-fund-wants-to-split-from-parent-1533314494\">the Wall Street Journal<\/a>, citing a document seen by its reporters. The proposal to the Dubai-based firm\u2019s liquidators asks that they consider an \u201camicable separation\u201d of the fund from the rest of the firm. \u201cThe fund\u2019s roster of investors would remain in place and an advisory firm would be appointed to supervise the new setup as a \u2018guardian,\u2019\u201d the Journal writes. The bid comes as both hedge fund York Capital Management and the investment firm Abu Dhabi Financial Group are reportedly bidding for Abraaj\u2019s fund-management unit. Limited partners in Abraaj\u2019s North Africa fund include \u201cthe European Investment Bank and a unit of the World Bank Group,\u201d the newspaper says. EGX-listed Cleopatra Hospitals is one of the North African fund\u2019s most high-profile holdings.<\/p><p><strong>Egypt and Kazakhstan are better options than Turkey for emerging market investors<\/strong>, in no small part because Ankara could be on the brink of a \u201cspiral,\u201d <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-08-02\/nordea-is-shorting-turkey-about-to-spiral-out-of-control\">Nordea Asset Management tells Bloomberg<\/a>. With the TRY dropping about 25% against the USD this year and bond yields hitting a new record, Turkey makes for a \u201cprime example of an erosion of governance.\u201d<\/p><p><strong>Turkey\u2019s most recent implosion?<\/strong> The US imposed sanctions on Turkey\u2019s justice and interior ministers last Wednesday in an attempt to get Turkey to turn over an American pastor accused of backing a coup attempt against President Recep Tayyip Erdogan two years ago, <a href=\"https:\/\/www.reuters.com\/article\/us-turkey-security-usa-sanctions\/u-s-sanctions-turkish-officials-over-pastors-detention-idUSKBN1KM5S9\">Reuters reports<\/a>. Turkey apparently responded in kind, freezing any assets of the US justice and interior departments in Turkey. Now in a desperate plea, Erdogan is urging foreign currency holders to turn their cash into liras to stymie the slide in the currency, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-08-04\/turkey-on-trump-blacklist-as-sanctions-spell-trouble-for-economy\">according to Bloomberg<\/a>.<\/p><p><strong>Meanwhile: After giving NATO allies slaps across the cheek the Trump administration is pushing Arab countries to create a NATO of their own.<\/strong> <a href=\"https:\/\/www.bloomberg.com\/view\/articles\/2018-08-02\/an-arab-nato-here-s-a-better-idea-for-trump\">Bloomberg\u2019s editorial board<\/a>, however, sees nothing good coming from the push to create a collective defense pact. Instead, they encourage the Trump administration to simply work on resolving current disputes between Arab states, including the Qatar smackdown.<\/p><p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>WHAT? The public sector gets to work only four days a week? <\/strong>Prime Minister Mostafa Madbouly has reportedly authorized the Central Authority For Organization &amp; Administration (CAOA) to begin studying the possibility of shortening the work week for state bureaucrats to four days, according to documents <a href=\"https:\/\/www.elwatannews.com\/news\/details\/3571244\">obtained by El Watan<\/a>. The order established a committee headed by the CAOA chief Saleh Abdel Rahman and will include representatives of the Planning Ministry and academics and researchers to study the proposal. The stated purpose of the move was to cut costs and reduce congestion and traffic around government agencies. Madbouly\u2019s proposal does not include a wage cut, so any savings would come from cutting operations.<\/p><p><strong>Part of public sector reform drive:<\/strong> President Abdel Fattah El Sisi ordered the Finance Ministry <a href=\"https:\/\/enterprise.press\/stories\/2018\/07\/08\/egypt-achieves-egp-4-bn-budget-surplus-for-first-time-in-15-years\/\">last month<\/a> to begin reassessing public sector wages as part of the government\u2019s administrative reform drive. Cutting government spending is a crucial policy platform of the Finance Ministry going forward, <a href=\"https:\/\/enterprise.press\/stories\/2018\/07\/29\/finmin-announces-fy2017-18-budget-results\/\">said Finance Minister Mohamed Maait<\/a>.<\/p><p><strong>Food for thought #1:<\/strong> Wouldn\u2019t it also make sense to speed along the retirement of public servants to cut our unreasonably high population of bureaucrats?<\/p><p><strong>Food for thought #2: <\/strong>As radical as it may be, four day work week could be something worth considering \u2014 for the private sector. New Zealand firm Perpetual Guardian, which implemented a four day work week (with pay maintained at a five-day work week), is claiming spectacular results. Academics studying the trial say 78% of employees feel they were able to successfully manage their work-life balance, cutting stress levels and boosting commitment, <a href=\"https:\/\/www.theguardian.com\/world\/2018\/jul\/19\/work-less-get-more-new-zealand-firms-four-day-week-an-unmitigated-success\">according to the Guardian<\/a>.<\/p><p><strong>Bernie Sanders gives props to Benban: <\/strong>US Senator and former Democratic Party presidential nominee contender Bernie Sanders shared <a href=\"http:\/\/www.latimes.com\/world\/middleeast\/la-fg-egypt-green-power-20180730-story.html\">an LA Times story<\/a> on the Benban solar park last week. \u201cWhile Trump is ending America's commitment to combating climate change, Egypt is building the world's largest solar farm in the middle of the desert,\u201d <a href=\"https:\/\/www.facebook.com\/senatorsanders\/posts\/10157197561092908\">Sanders said in a Facebook post<\/a>. \u201cThis is the kind of revolutionary technology we should be taking advantage of to grow our economy and sustain our planet for future generations.\u201d<\/p><p><strong>Apple became on Thursday the world\u2019s first company to be valued at USD 1 tn<\/strong>, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-08-02\/apple-becomes-first-u-s-company-to-hit-1-trillion-market-value\">Bloomberg reports<\/a>. The company\u2019s shares closed the day at USD 207.39, pushing its market cap up to USD 1.002 tn. \u201cOther tech giants are not far behind Apple today, with Amazon.com Inc., Alphabet Inc. and Microsoft Corp. worth more than USD 800 bn each,\u201d the business information service reports.<\/p><p><strong>Mo Salah fans have until tomorrow to make him one of FIFA\u2019s top three men\u2019s footballers for 2018. <\/strong><a href=\"https:\/\/www.fifa.com\/the-best-fifa-football-awards\/news\/who-will-be-the-best-men-s-player-2018\">Cast your ballots here<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-today\/\">What We&#039;re Tracking Today<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                  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alt=\"\">\r\n                    <\/a>\r\n                    <span>Driving growth<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-left\" class=\"svg-inline--fa fa-chevron-left\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M34.52 239.03L228.87 44.69c9.37-9.37 24.57-9.37 33.94 0l22.67 22.67c9.36 9.36 9.37 24.52.04 33.9L131.49 256l154.02 154.75c9.34 9.38 9.32 24.54-.04 33.9l-22.67 22.67c-9.37 9.37-24.57 9.37-33.94 0L34.52 272.97c-9.37-9.37-9.37-24.57 0-33.94z\"><\/path><\/svg><\/button><button class=\"stk-block-carousel__button stk-block-carousel__button__next\" aria-label=\"Next slide\"><svg aria-hidden=\"true\" focusable=\"false\" 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   \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/lackluster-evening-on-the-airwaves-puts-civil-servants-working-days-in-the-limelight\/\">\r\n                            Lackluster evening on the airwaves puts civil servants\u2019 working days in the limelight                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li 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href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/lackluster-evening-on-the-airwaves-puts-civil-servants-working-days-in-the-limelight\/\">\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=Lackluster evening on the airwaves puts civil servants\u2019 working days in the limelight&url=https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/lackluster-evening-on-the-airwaves-puts-civil-servants-working-days-in-the-limelight\/\">\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\/05\/lackluster-evening-on-the-airwaves-puts-civil-servants-working-days-in-the-limelight\/&title=Lackluster evening on the airwaves puts civil servants\u2019 working days in the limelight\">\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=Lackluster+evening+on+the+airwaves+puts+civil+servants%E2%80%99+working+days+in+the+limelight+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F08%2F05%2Flackluster-evening-on-the-airwaves-puts-civil-servants-working-days-in-the-limelight%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\/05\/lackluster-evening-on-the-airwaves-puts-civil-servants-working-days-in-the-limelight\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-625396\" class=\"content-area-description single-story post-625396 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>On a lackluster evening on the airwaves, <strong>the aforementioned proposal to reduce the number of working days for some civil servants seemed to garner the most attention <\/strong>(of course it would).<\/p>\n<p><strong>The Central Agency for Organisation and Administration (CAOA) will complete assessment of the proposal in around five weeks<\/strong>, CAOA head Saleh El Sheikh tells Amr Khalil, who is filling in for Eman El Hosary on Masaa DMC. (<a href=\"https:\/\/www.youtube.com\/watch?v=f5A4igI6awQ\">watch, runtime: 16:11<\/a>). El Sheikh and El Watan journalist Maher Hendawi appear very much in favor of the move, with both saying that it would increase productivity and efficiency. Hendawi even says it cut back the state bureaucracy, which is generally overstaffed and underperforming (<a href=\"https:\/\/www.youtube.com\/watch?v=bbFcDTJpSRI\">watch, runtime: 4:44<\/a>). We repeat: these arguments also point in favor of speeding retirees along or making it easier to fire underperforming workers.<\/p>\n<p><strong>Rassd reporter Salwa Hussein defended her controversial interview with a group of teenagers detained for smuggling goods<\/strong> in Ismailia on Masaa DMC. Hussein had stirred controversy on social media for berating the minors for resorting to illegal work rather than making \u201can honest living\u201d with a cleaning company for EGP 50 per day. Hussein maintained her interview was within bounds since security personnel and officials from the Social Solidarity Ministry were present and did not object to her line of questioning (<a href=\"https:\/\/www.youtube.com\/watch?v=NRU1dZA3tys\">watch, runtime: 6:12<\/a> and <a href=\"https:\/\/www.youtube.com\/watch?v=Bi_Wb0NmeTc\">runtime: 6:17<\/a>).<\/p>\n<p><strong>Naguib Sawiris himself has since offered to provide legal counsel<\/strong> to and hire the teenagers, <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/308982\/Egypt\/Politics-\/Egypts-Naguib-Sawiris-pledges-to-hire-detained-min.aspx\">Ahram Online reports<\/a>.<\/p>\n<p><strong>Egypt recently hosted engineers from several Nile Basin countries<\/strong> to share their respective country\u2019s expertise with regards to specific projects or industries in a bid to bolster Egypt\u2019s ties with these countries, Irrigation Ministry Spokesman Hossam El Imam told Al Hayah fi Masr\u2019s Kamal Mady (<a href=\"https:\/\/www.youtube.com\/watch?v=nEbJAV7lmuo\">watch, runtime: 7:48<\/a>).<\/p>\n<p><strong>Hona Al Asema interviewed residents of Sinai\u2019s Bir El Abd, where life is regaining a sense of normalcy<\/strong> as the peninsula\u2019s militant insurgency is being rooted out (<a href=\"https:\/\/www.youtube.com\/watch?v=53ufUcyPHAU\">watch, runtime: 5:20<\/a>).<\/p>\n<p><strong>The role of the youth in politics<\/strong> was the main focus of a discussion hosted by Masaa DMC\u2019s Amr Khalil with several young politicians working to expand their presence and open up Egypt\u2019s political scene for youth participation (<a href=\"https:\/\/www.youtube.com\/watch?v=mjCfyQldXpc\">watch, runtime: 3:17<\/a>).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"625397\" 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=\"625397\">\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\/05\/natgas-market-regulator-sets-fees-for-private-sectors-use-of-the-state-grid-at-usd-0-38-mmbtu\/\">\r\n                            Natgas market regulator sets fees for private sector\u2019s use of the state grid at USD 0.38 MMBtu                        <\/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\/05\/natgas-market-regulator-sets-fees-for-private-sectors-use-of-the-state-grid-at-usd-0-38-mmbtu\/\" 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\/05\/natgas-market-regulator-sets-fees-for-private-sectors-use-of-the-state-grid-at-usd-0-38-mmbtu\/')\">\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\/05\/natgas-market-regulator-sets-fees-for-private-sectors-use-of-the-state-grid-at-usd-0-38-mmbtu\/\">\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=Natgas market regulator sets fees for private sector\u2019s use of the state grid at USD 0.38 MMBtu&url=https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/natgas-market-regulator-sets-fees-for-private-sectors-use-of-the-state-grid-at-usd-0-38-mmbtu\/\">\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\/05\/natgas-market-regulator-sets-fees-for-private-sectors-use-of-the-state-grid-at-usd-0-38-mmbtu\/&title=Natgas market regulator sets fees for private sector\u2019s use of the state grid at USD 0.38 MMBtu\">\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=Natgas+market+regulator+sets+fees+for+private+sector%E2%80%99s+use+of+the+state+grid+at+USD+0.38+MMBtu+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F08%2F05%2Fnatgas-market-regulator-sets-fees-for-private-sectors-use-of-the-state-grid-at-usd-0-38-mmbtu%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\/05\/natgas-market-regulator-sets-fees-for-private-sectors-use-of-the-state-grid-at-usd-0-38-mmbtu\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-625397\" class=\"content-area-description single-story post-625397 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 id=\"tldr-story-01\" class=\"content-anchor\"><\/a> <strong>Natgas market regulator sets fees for private sector\u2019s use of the state grid at USD 0.38 \/ MMBtu: <\/strong>The Natural Gas Regulatory Authority set on Thursday the fee that private sector players will have to pay to use the state\u2019s national grid to transport gas at USD 0.38 \/ MMBtu, <a href=\"https:\/\/www.gasreg.org.eg\/ar\/transmission-tariff\/\">according to its official website<\/a>. The rate applies for the first year of the program, suggesting a revision could be in the works after the initial trial period. License fees will be calculated based on the amount of gas transferred and can be settled in EGP. <strong>The regulator will be issuing permits for different types of commercial gas market activities, <\/strong>including grid operations and maintenance, supply, distribution, and shipping, <a href=\"https:\/\/www.gasreg.org.eg\/license-issuance-fees\/\">with different fees set for each type as follows<\/a>:<\/p>\n<ul>\n<li><strong>USD 0.057\/MMBtu for transmission<\/strong> licenses;<\/li>\n<li><strong>USD 0.031\/MMBtu for shipping<\/strong> licenses;<\/li>\n<li><strong>USD 0.023\/MMBtu for distribution<\/strong> licenses;<\/li>\n<li><strong>USD 0.008\/MMBtu for supply <\/strong>licenses.<\/li>\n<\/ul>\n<p><strong>Permit requests must be <\/strong><a href=\"https:\/\/www.gasreg.org.eg\/procedures\/\"><strong>processed within 10 working days<\/strong><\/a><strong> of application <\/strong>and any additional documents required by the regulator must also be submitted within 10 working days. The regulator will then have 45 days to approve or deny the request and fees must be deposited within seven days of that date.<\/p>\n<p><strong>Background: <\/strong>The Oil Ministry <a href=\"https:\/\/enterprise.press\/stories\/2018\/07\/05\/natgas-market-regulator-to-officially-begin-issuing-import-permits\/\">had said last month<\/a> that the regulator was given the green light to begin issuing and revoking licenses for private players in the natural gas industry, a move that was made possible by the deregulation of the sector through the Natural Gas Act.<\/p>\n<p><strong>No word yet on import licenses: <\/strong>There\u2019s no word yet on when the first import license will be issued, but sources had previously said to expect the first before the end of 2018.<a href=\"https:\/\/enterprise.press\/stories\/2017\/08\/17\/egas-approves-import-licenses-for-three-private-companies\/\">We had heard last year<\/a> that EGAS gave BB Energy, Fleet Energy, and Qalaa Holdings\u2019 TAQA Arabia preliminary approval on natural gas import licenses, which still need to be ratified by the new regulator. Alaa Arafa\u2019s Dolphinus Holdings, which <a href=\"https:\/\/enterprise.press\/stories\/2018\/02\/27\/israel-denies-it-is-making-concessions-on-the-intl-arbitration-award-against-egypt\/\">signed a USD 15 bn<\/a> natural gas import agreement with Israel earlier this year, is also expected to be among the first to receive an import permit.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/speed-round\/\">SPEED ROUND<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"625410\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"625411\" 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=\"625411\">\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\/05\/what-were-tracking-this-week-and-beyond-98\/\">\r\n                            What we\u2019re tracking this week and beyond                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/what-were-tracking-this-week-and-beyond-98\/\" 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\/05\/what-were-tracking-this-week-and-beyond-98\/')\">\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\/05\/what-were-tracking-this-week-and-beyond-98\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=What we\u2019re tracking this week and beyond&url=https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/what-were-tracking-this-week-and-beyond-98\/\">\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\/05\/what-were-tracking-this-week-and-beyond-98\/&title=What we\u2019re tracking this week and beyond\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=What+we%E2%80%99re+tracking+this+week+and+beyond+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F08%2F05%2Fwhat-were-tracking-this-week-and-beyond-98%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\/05\/what-were-tracking-this-week-and-beyond-98\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-625411\" class=\"content-area-description single-story post-625411 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>Foreign Minister Sameh Shoukry should be landing in Washington this week<\/strong> to meet with US Secretary of State Mike Pompeo over developments in the Middle East and US-Egypt relations.<\/p>\n<p><strong>The Federation of Egyptian Industries is expected to present its remarks on the new draft of the Customs Act <\/strong><a href=\"https:\/\/www.alborsanews.com\/2018\/08\/02\/1120864\"><strong>this week<\/strong><\/a>to the Finance Ministry. The FEI\u2019s tax committee had laid out its recommendations and reservations <a href=\"https:\/\/enterprise.press\/stories\/2018\/08\/02\/fei-tax-committee-lays-out-its-recommendation-on-the-new-customs-act-on-wednesday\/\">on the act last week<\/a>, citing concerns including whether the law is compliant with the Investment Act, clearly defining production inputs, and making sure that penalties under the act are not extreme.<\/p>\n<p>The CBE will be hosting the annual meeting of the<strong> Association of African Central Banks<\/strong> in Sharm El Sheikh from 5 to 9 August.<\/p>\n<p><strong>The central bank will next consider interest rates<\/strong> on Thursday, 16 August.<\/p>\n<p><strong>Orange Egypt\u2019s board of directors is meeting on 27 August to look into the company\u2019s proposal for a voluntary delisting<\/strong>, according to <a href=\"http:\/\/www.egx.com.eg\/downloads\/Bulletins\/219679_1.pdf\">a statement to the EGX (pdf)<\/a>. The mobile network operator has been facing mandatory delisting for several months for failing to meet the EGX\u2019s requirements on the minimum required number of shares in freefloat. The company appears to have concluded that it cannot meet the requirement and will delist of its own accord.<\/p>\n<p><strong>A delegation of 60 unnamed US companies is set to visit Egypt in October<\/strong> to explore potential investments across a variety of sectors. <strong>A Japanese trade delegation is also due to visit the new capital<\/strong> and Suez Canal by the end 2018.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/up-next\/\">Up Next<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"625412\" 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=\"625412\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/slow-day\/\">\r\n                            Slow day                        <\/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\/05\/slow-day\/\" 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\/05\/slow-day\/')\">\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\/05\/slow-day\/\">\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=Slow day&url=https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/slow-day\/\">\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\/05\/slow-day\/&title=Slow day\">\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=Slow+day+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F08%2F05%2Fslow-day%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\/05\/slow-day\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-625412\" class=\"content-area-description single-story post-625412 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-egypt-in-the-news tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>It was a very slow news weekend for Egypt in the foreign press <\/strong>with no particular story gaining momentum.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-in-the-news\/\">Egypt in the News<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"625415\" 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=\"625415\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">On Deadline<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/why-did-the-new-government-turn-its-back-on-tarek-kabils-automotive-directive\/\">\r\n                            Why did the new government turn its back on Tarek Kabil\u2019s Automotive Directive?                        <\/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\/05\/why-did-the-new-government-turn-its-back-on-tarek-kabils-automotive-directive\/\" 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\/05\/why-did-the-new-government-turn-its-back-on-tarek-kabils-automotive-directive\/')\">\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\/05\/why-did-the-new-government-turn-its-back-on-tarek-kabils-automotive-directive\/\">\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=Why did the new government turn its back on Tarek Kabil\u2019s Automotive Directive?&url=https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/why-did-the-new-government-turn-its-back-on-tarek-kabils-automotive-directive\/\">\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\/05\/why-did-the-new-government-turn-its-back-on-tarek-kabils-automotive-directive\/&title=Why did the new government turn its back on Tarek Kabil\u2019s Automotive Directive?\">\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=Why+did+the+new+government+turn+its+back+on+Tarek+Kabil%E2%80%99s+Automotive+Directive%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F08%2F05%2Fwhy-did-the-new-government-turn-its-back-on-tarek-kabils-automotive-directive%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\/05\/why-did-the-new-government-turn-its-back-on-tarek-kabils-automotive-directive\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-625415\" class=\"content-area-description single-story post-625415 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>Why did the new government turn its back on Tarek Kabil\u2019s Automotive Directive?<\/strong> The government\u2019s decision to scrap \u2014 or at least significantly modify \u2014 the Automotive Directive drafted and promoted by former Trade and Industry Minister Tarek Kabil has <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1312305\">Al Masry Al Youm<\/a>\u2019s Hany Labib scratching his head. Labib takes note of <a href=\"https:\/\/enterprise.press\/stories\/2018\/07\/30\/govt-plans-to-scrap-automotive-directive-and-will-replace-it-with-special-zones\/\">our exclusive report<\/a> from last week that the government is looking to replace the Automotive Directive with a policy of setting up special auto freezones offering tax and customs breaks to assemblers. He wonders aloud why current Minister Amr Nassar decided to draft his own policy from scratch \u2014 and why some incoming ministers feel that their success rides on erasing their predecessors\u2019 legacy.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"625416\" 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=\"625416\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">Worth reading<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/why-small-time-perfumeries-makers-are-making-it-big\/\">\r\n                            Why small-time perfumeries makers are making it big                        <\/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\/05\/why-small-time-perfumeries-makers-are-making-it-big\/\" 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\/05\/why-small-time-perfumeries-makers-are-making-it-big\/')\">\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\/05\/why-small-time-perfumeries-makers-are-making-it-big\/\">\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=Why small-time perfumeries makers are making it big&url=https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/why-small-time-perfumeries-makers-are-making-it-big\/\">\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\/05\/why-small-time-perfumeries-makers-are-making-it-big\/&title=Why small-time perfumeries makers are making it big\">\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=Why+small-time+perfumeries+makers+are+making+it+big+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F08%2F05%2Fwhy-small-time-perfumeries-makers-are-making-it-big%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\/05\/why-small-time-perfumeries-makers-are-making-it-big\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2018\/8\/953.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"625417\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/why-small-time-perfumeries-makers-are-making-it-big\/953-jpg-16\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/8\/953.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"953.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/8\/953.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/8\/953.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-625416\" class=\"content-area-description single-story post-625416 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-reading tag-enterpriseam tag-worth-reading wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Why small-time perfumeries are making it big: <\/strong>Independent perfume makers in the US accounted for some 6% of the country\u2019s USD 4 bn industry last year, selling just as well, if not far better, than many high-end brands, <a href=\"https:\/\/www.bloomberg.com\/news\/features\/2018-08-02\/how-to-make-a-perfume-smell-expensive\">according to Bloomberg<\/a>, and it\u2019s not because they\u2019re cheaper. \u201cA mass-market luxury perfume might use high-end ingredients, but it\u2019s designed to be generic enough to appeal to consumers at airport kiosks in Beijing, department stores in New York, and boutiques in London,\u201d says Patrice Revillard, who founded the boutique perfumery Maelstrom in Paris with partners Marie Schnirer and Yohan Cervi. The three friends were selected in a competition to recreate a 1940s cult scent known as Iris Gris, which in its new form, L\u2019Iris de Fath, would set you back around EUR 1,470 for a 1 ounce bottle. While not every scent they make is as pricey, Maelstrom was chosen due to their \u201cquality, artistry, ingredients, and [ability to create] these really rich experiential fragrances.\u201d<\/p>\n<p><strong>Higher-end brands took a leaf out of these small perfume makers\u2019 playbook <\/strong>and began launching their own \u201crare\u201d and \u201cspecial\u201d blends and scents. \u201cTo the surprise of big brands...these rarefied perfumes started to make money. As a result, they also began to acquire independent makers of smaller-batch specialty perfumes.\u201d Estee Lauder acquired \u201cniche perfumers Editions de Parfums Fr\u00e9d\u00e9ric Malle and Le Labo\u201d in 2014; Dolce & Gabbana first launched it\u2019s higher-end Velvet Collection in 2011 selling a 5 ounce bottle at USD 430. \u201cIt\u2019s simple to add a formula together, but then you have to balance everything,\u201d says Revillard.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/worth-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=\"625418\" 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=\"625418\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/hamas-to-decide-on-egypts-mediated-reconciliation-plan-with-israel-this-week\/\">\r\n                            Hamas to decide on Egypt\u2019s mediated reconciliation plan with Israel this 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\/05\/hamas-to-decide-on-egypts-mediated-reconciliation-plan-with-israel-this-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\/05\/hamas-to-decide-on-egypts-mediated-reconciliation-plan-with-israel-this-week\/')\">\n                    Copy Link                <\/a>\n\n       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          <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/hamas-to-decide-on-egypts-mediated-reconciliation-plan-with-israel-this-week\/&title=Hamas to decide on Egypt\u2019s mediated reconciliation plan with Israel this 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=Hamas+to+decide+on+Egypt%E2%80%99s+mediated+reconciliation+plan+with+Israel+this+week+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F08%2F05%2Fhamas-to-decide-on-egypts-mediated-reconciliation-plan-with-israel-this-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\/05\/hamas-to-decide-on-egypts-mediated-reconciliation-plan-with-israel-this-week\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-625418\" class=\"content-area-description single-story post-625418 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>Senior Hamas officials are debating whether to accept an Egypt and UN-proposed ceasefire with Israel, <\/strong><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-08-02\/hamas-debates-cease-fire-with-israel-as-leaders-gather-in-gaza\">according to Bloomberg<\/a><strong>. <\/strong>Senior leaders from Hamas returned to Gaza on Thursday to discuss with other local leaders the proposed plan, which involves a prisoner swap and the construction of seaports, one each in Ismailia and Sinai as part of a plan to rehabilitate the area, <a href=\"https:\/\/www.israelnationalnews.com\/News\/News.aspx\/249986\">Israeli media reports<\/a><strong>. <\/strong><a href=\"http:\/\/www.xinhuanet.com\/english\/2018-08\/03\/c_137366705.htm\">On a related note<\/a>, Egypt announced the opening of the Rafah border crossing with Gaza for four days as of Saturday to allow pilgrims through to Saudi Arabia for Hajj.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy-foreign-trade\/\">Diplomacy + Foreign Trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"625419\" 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=\"625419\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/gas-production-at-egypts-9b-field-to-begin-in-october\/\">\r\n                            Gas production at Egypt's 9B field to begin in October                        <\/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\/05\/gas-production-at-egypts-9b-field-to-begin-in-october\/\" 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\/05\/gas-production-at-egypts-9b-field-to-begin-in-october\/')\">\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\/05\/gas-production-at-egypts-9b-field-to-begin-in-october\/\">\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=Gas production at Egypt's 9B field to begin in October&url=https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/gas-production-at-egypts-9b-field-to-begin-in-october\/\">\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\/05\/gas-production-at-egypts-9b-field-to-begin-in-october\/&title=Gas production at Egypt's 9B field to begin in October\">\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=Gas+production+at+Egypt%27s+9B+field+to+begin+in+October+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F08%2F05%2Fgas-production-at-egypts-9b-field-to-begin-in-october%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\/05\/gas-production-at-egypts-9b-field-to-begin-in-october\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-625419\" class=\"content-area-description single-story post-625419 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\/.082be245-bcbf-42b1-a5e3-8412d5a8a136.mp3\"><\/audio><\/figure>\n<p>Shell is due to begin production from its two deepwater wells at the West Nile Delta field 9B in the first half of October, Oil Minister Tarek El Molla said, <a href=\"https:\/\/ara.reuters.com\/article\/businessNews\/idARAKBN1KO13A\">according to an Oil Ministry statement<\/a>. The entire project is set to come online by 2H2019, producing up to 400 mcfd. Shell said in May it was <a href=\"https:\/\/enterprise.press\/stories\/2018\/05\/16\/shell-to-begin-production-at-phase-9b-of-wddm-in-3q2018-sources\/\">planning to begin pumping 100 mcfd<\/a> from the project in 3Q2018. The first phase of the project will include linking two out of the total eight wells to the national grid in 3Q and 4Q2018, followed by a third well in 1Q2019. Phase two will see the remaining five wells linked to the national grid in 3Q-4Q2019. Separately, El Molla met with <a href=\"http:\/\/www.petroleum.gov.eg\/ar\/MediaCenter\/LocalNews\/pages\/mop_02082018_01.aspx\">Halliburton\u2019s President of Eastern Hemisphere<\/a> Joe Rainey to discuss cooperation in setting up an electronic platform for marketing available concessions for oil and gas exploration and production, under <a href=\"https:\/\/enterprise.press\/stories\/2018\/04\/19\/egas-ganope-sign-offshore-drilling-rig-purchase-agreement-with-toyota\/\">two agreements signed back in April<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"625421\" 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=\"625421\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">Basic Materials + Commodities<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/egypt-receives-usd-48-3-mn-from-sukari-gold-mine-in-1h2018\/\">\r\n                            Egypt receives USD 48.3 mn from Sukari gold mine in 1H2018                        <\/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\/05\/egypt-receives-usd-48-3-mn-from-sukari-gold-mine-in-1h2018\/\" 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\/05\/egypt-receives-usd-48-3-mn-from-sukari-gold-mine-in-1h2018\/')\">\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\/05\/egypt-receives-usd-48-3-mn-from-sukari-gold-mine-in-1h2018\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt receives USD 48.3 mn from Sukari gold mine in 1H2018&url=https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/egypt-receives-usd-48-3-mn-from-sukari-gold-mine-in-1h2018\/\">\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\/05\/egypt-receives-usd-48-3-mn-from-sukari-gold-mine-in-1h2018\/&title=Egypt receives USD 48.3 mn from Sukari gold mine in 1H2018\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+receives+USD+48.3+mn+from+Sukari+gold+mine+in+1H2018+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F08%2F05%2Fegypt-receives-usd-48-3-mn-from-sukari-gold-mine-in-1h2018%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\/05\/egypt-receives-usd-48-3-mn-from-sukari-gold-mine-in-1h2018\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-625421\" class=\"content-area-description single-story post-625421 post type-post status-publish format-standard hentry category-basic-materials-commodities tag-basic-materials-commodities tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.c9c8c9bc-605d-4932-9f0f-a38edd378aeb.mp3\"><\/audio><\/figure>\n<p>Egypt has received USD 48.3 mn in profit share and royalties from Centamin\u2019s Sukari gold mine in 1H2018. The Egyptian Mineral Resources Authority (EMRA) received USD 39.3 mn in profit share from the mine, with Centamin paying USD 9.0 mn in royalties to the state, Centamin said in its <a href=\"http:\/\/www.centamin.com\/~\/media\/Files\/C\/Centamin\/documents\/press-releases\/2018\/02082018_PDF_Interim_2018_Results_Final%201%20Secure.pdf\">earnings release (pdf)<\/a>. This came as the company reported a 2% y-o-y increase in its top line for the six-month period to USD 296.4 mn, despite a <a href=\"https:\/\/enterprise.press\/stories\/2018\/07\/10\/centamins-production-from-sukari-gold-mine-drops-7-y-o-y-in-1h2018\/\">7% y-o-y drop in overall production<\/a> from the mine to 217.1k ounces. The company expects production to ramp up in the second half of the year, driven by continued improvements in mining operations.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/basic-materials-commodities\/\">Basic Materials + Commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"625424\" 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=\"625424\">\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\">Tourism<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/recovering-tourism-in-egypt-tunisia-turkey-push-spanish-hotels-to-cut-prices\/\">\r\n                            Recovering tourism in Egypt, Tunisia, Turkey push Spanish hotels to cut prices                        <\/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\/05\/recovering-tourism-in-egypt-tunisia-turkey-push-spanish-hotels-to-cut-prices\/\" 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\/05\/recovering-tourism-in-egypt-tunisia-turkey-push-spanish-hotels-to-cut-prices\/')\">\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\/05\/recovering-tourism-in-egypt-tunisia-turkey-push-spanish-hotels-to-cut-prices\/\">\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=Recovering tourism in Egypt, Tunisia, Turkey push Spanish hotels to cut prices&url=https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/recovering-tourism-in-egypt-tunisia-turkey-push-spanish-hotels-to-cut-prices\/\">\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\/05\/recovering-tourism-in-egypt-tunisia-turkey-push-spanish-hotels-to-cut-prices\/&title=Recovering tourism in Egypt, Tunisia, Turkey push Spanish hotels to cut prices\">\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=Recovering+tourism+in+Egypt%2C+Tunisia%2C+Turkey+push+Spanish+hotels+to+cut+prices+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F08%2F05%2Frecovering-tourism-in-egypt-tunisia-turkey-push-spanish-hotels-to-cut-prices%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\/05\/recovering-tourism-in-egypt-tunisia-turkey-push-spanish-hotels-to-cut-prices\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-625424\" class=\"content-area-description single-story post-625424 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\/.1981c6dd-ad5b-40f6-9bd1-0cb850ee6b7e.mp3\"><\/audio><\/figure>\n<p>Recovering tourism markets in Egypt, Tunisia, and Turkey are pushing Spanish hotels to cut prices on summer holiday packages, <a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL5N1UQ522\">Reuters reports<\/a>. The three resurgent markets are competing with Spain mostly for German and British tourists, the newswire notes. As we noted previously, Spanish coastal cities in particular <a href=\"https:\/\/enterprise.press\/stories\/2018\/05\/22\/egypt-tunisia-turkey-are-diverting-british-tourists-away-from-spains-benidorm\/\">are taking a hit<\/a> from the lower prices of flights and accommodation in Egypt, Tunisia, and Turkey.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"625425\" 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=\"625425\">\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\">Banking + Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/abu-qir-fertilizers-vetting-three-offers-for-egp-600-mn-loan-for-nitric-acid-project\/\">\r\n                            Abu Qir Fertilizers vetting three offers for EGP 600 mn loan for nitric acid project                        <\/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\/05\/abu-qir-fertilizers-vetting-three-offers-for-egp-600-mn-loan-for-nitric-acid-project\/\" 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\/05\/abu-qir-fertilizers-vetting-three-offers-for-egp-600-mn-loan-for-nitric-acid-project\/')\">\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\/05\/abu-qir-fertilizers-vetting-three-offers-for-egp-600-mn-loan-for-nitric-acid-project\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Abu Qir Fertilizers vetting three offers for EGP 600 mn loan for nitric acid project&url=https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/abu-qir-fertilizers-vetting-three-offers-for-egp-600-mn-loan-for-nitric-acid-project\/\">\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\/05\/abu-qir-fertilizers-vetting-three-offers-for-egp-600-mn-loan-for-nitric-acid-project\/&title=Abu Qir Fertilizers vetting three offers for EGP 600 mn loan for nitric acid project\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Abu+Qir+Fertilizers+vetting+three+offers+for+EGP+600+mn+loan+for+nitric+acid+project+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F08%2F05%2Fabu-qir-fertilizers-vetting-three-offers-for-egp-600-mn-loan-for-nitric-acid-project%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\/05\/abu-qir-fertilizers-vetting-three-offers-for-egp-600-mn-loan-for-nitric-acid-project\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-625425\" class=\"content-area-description single-story post-625425 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\/.9fef5d2b-e0fb-4940-8c18-1edcc90110c5.mp3\"><\/audio><\/figure>\n<p>Abu Qir Fertilizers is vetting offers from three banking consortiums for a EGP 600 mn loan needed for its nitric acid project, <a href=\"http:\/\/www.almalnews.com\/Story\/384835\/11\/%D8%AA%D8%AD%D8%A7%D9%84%D9%81-%D8%A7%D9%84%D8%A3%D9%87%D9%84%D9%89-%D9%8A%D9%82%D8%AA%D8%B1%D8%A8-%D9%85%D9%86-%D8%AA%D8%AF%D8%A8%D9%8A%D8%B1-600-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AC%D9%86%D9%8A%D9%87-%D9%84%D9%80-%D8%A3%D8%A8%D9%88%D9%82%D9%8A%D8%B1-%D9%84%D9%84%D8%A3%D8%B3%D9%85%D8%AF%D8%A9-\">company sources tell Al Mal<\/a>. The company received offers from consortiums led by the National Bank of Egypt (NBE) and Kuwait National Bank, according to the sources, who refused to name the third group. Abu Qir Fertilizers\u2019 board of directors had <a href=\"https:\/\/enterprise.press\/stories\/2018\/05\/17\/abu-qir-mandates-nbe-qnb-banque-misr-to-arrange-eur-105-mn\/\">agreed in May<\/a> to mandate a consortium made up of the NBE, Qatar National Bank, and Banque Misr to manage a EUR 105 mn loan for its EUR 133.6 mn project.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"625427\" 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=\"625427\">\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\">Other Business News of Note<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/furniture-city-in-talks-with-egyptian-uae-investors-to-establish-egp-1-5-bn-in-projects\/\">\r\n                            Furniture City in talks with Egyptian, UAE investors to establish EGP 1.5 bn in projects                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/furniture-city-in-talks-with-egyptian-uae-investors-to-establish-egp-1-5-bn-in-projects\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/furniture-city-in-talks-with-egyptian-uae-investors-to-establish-egp-1-5-bn-in-projects\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/furniture-city-in-talks-with-egyptian-uae-investors-to-establish-egp-1-5-bn-in-projects\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Furniture City in talks with Egyptian, UAE investors to establish EGP 1.5 bn in projects&url=https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/furniture-city-in-talks-with-egyptian-uae-investors-to-establish-egp-1-5-bn-in-projects\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/furniture-city-in-talks-with-egyptian-uae-investors-to-establish-egp-1-5-bn-in-projects\/&title=Furniture City in talks with Egyptian, UAE investors to establish EGP 1.5 bn in projects\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Furniture+City+in+talks+with+Egyptian%2C+UAE+investors+to+establish+EGP+1.5+bn+in+projects+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F08%2F05%2Ffurniture-city-in-talks-with-egyptian-uae-investors-to-establish-egp-1-5-bn-in-projects%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/furniture-city-in-talks-with-egyptian-uae-investors-to-establish-egp-1-5-bn-in-projects\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-625427\" class=\"content-area-description single-story post-625427 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\/.120d90f3-05b4-4763-b78c-d4750984549c.mp3\"><\/audio><\/figure>\n<p>Officials from <a href=\"http:\/\/damiettafc.com\/?lang=en\">the Damietta Furniture City<\/a> are in talks with unnamed Egyptian and Emirati investors to establish projects worth EGP 1.5 bn, <a href=\"http:\/\/www.almalnews.com\/Story\/384831\/14\/1-5-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AC%D9%86%D9%8A%D9%87-%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D9%85%D8%B5%D8%B1%D9%8A%D8%A9-%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA%D9%8A%D8%A9-%D8%A8%D9%85%D8%AF%D9%8A%D9%86%D8%A9-%D8%AF%D9%85%D9%8A%D8%A7%D8%B7-%D9%84%D9%84%D8%A3%D8%AB%D8%A7%D8%AB\">CEO Moataz Bahaa El Din said, according to Al Mal<\/a>. The projects include building conference halls, a hospital, a hotel and a technical institute for design and vocational training.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/other-business-news-of-note\/\">Other Business News of Note<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"625429\" 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=\"625429\">\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\">Legislation + Policy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/house-rep-drafts-legislation-regulating-organ-donations\/\">\r\n                            House Rep. drafts legislation regulating organ donations                        <\/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\/05\/house-rep-drafts-legislation-regulating-organ-donations\/\" 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\/05\/house-rep-drafts-legislation-regulating-organ-donations\/')\">\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\/05\/house-rep-drafts-legislation-regulating-organ-donations\/\">\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=House Rep. drafts legislation regulating organ donations&url=https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/house-rep-drafts-legislation-regulating-organ-donations\/\">\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\/05\/house-rep-drafts-legislation-regulating-organ-donations\/&title=House Rep. drafts legislation regulating organ donations\">\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=House+Rep.+drafts+legislation+regulating+organ+donations+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F08%2F05%2Fhouse-rep-drafts-legislation-regulating-organ-donations%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\/05\/house-rep-drafts-legislation-regulating-organ-donations\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-625429\" class=\"content-area-description single-story post-625429 post type-post status-publish format-standard hentry category-legislation-policy tag-enterpriseam tag-legislation-policy 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\/.581b9e6e-1523-4d35-a2e6-58149dee6245.mp3\"><\/audio><\/figure>\n<p>The House of Representatives is drafting legislation to regulate organ donations, which will be up for discussion during its upcoming legislative session, Rep. Tarek Metwalli <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=04082018&id=5d078919-ed55-47cd-9e7d-79bebac82fe0\">tells Al Shorouk<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/legislation-policy\/\">Legislation + Policy<\/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=\"625430\" 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=\"625430\">\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\/05\/shalakany-law-tapped-as-legal-advisor-for-egpc-reorganization\/\">\r\n                            Shalakany Law tapped as legal advisor for EGPC reorganization                        <\/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\/05\/shalakany-law-tapped-as-legal-advisor-for-egpc-reorganization\/\" 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\/05\/shalakany-law-tapped-as-legal-advisor-for-egpc-reorganization\/')\">\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\/05\/shalakany-law-tapped-as-legal-advisor-for-egpc-reorganization\/\">\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=Shalakany Law tapped as legal advisor for EGPC reorganization&url=https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/shalakany-law-tapped-as-legal-advisor-for-egpc-reorganization\/\">\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\/05\/shalakany-law-tapped-as-legal-advisor-for-egpc-reorganization\/&title=Shalakany Law tapped as legal advisor for EGPC reorganization\">\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=Shalakany+Law+tapped+as+legal+advisor+for+EGPC+reorganization+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F08%2F05%2Fshalakany-law-tapped-as-legal-advisor-for-egpc-reorganization%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\/05\/shalakany-law-tapped-as-legal-advisor-for-egpc-reorganization\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-625430\" class=\"content-area-description single-story post-625430 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\/.2b44e3f0-cb47-48e9-b0fb-4456a6086378.mp3\"><\/audio><\/figure>\n<p>Shalakany Law Office has been selected as legal advisor on the reorganization of the EGPC and its subsidiaries, El Shalakany Partner Mariam Fahmy tells Amwal Al Ghad. The operational restructuring process, which is hoped would boost production and efficiency, is expected to be complete by end-2018, Fahmy says.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/law\/\">law<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"625431\" 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=\"625431\">\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\">Egypt Politics + Economics<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/muslim-brotherhood-era-minister-mohamed-mahsoub-released-in-italy\/\">\r\n                            Muslim Brotherhood-era minister Mohamed Mahsoub released in Italy                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/muslim-brotherhood-era-minister-mohamed-mahsoub-released-in-italy\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/muslim-brotherhood-era-minister-mohamed-mahsoub-released-in-italy\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/muslim-brotherhood-era-minister-mohamed-mahsoub-released-in-italy\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Muslim Brotherhood-era minister Mohamed Mahsoub released in Italy&url=https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/muslim-brotherhood-era-minister-mohamed-mahsoub-released-in-italy\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/muslim-brotherhood-era-minister-mohamed-mahsoub-released-in-italy\/&title=Muslim Brotherhood-era minister Mohamed Mahsoub released in Italy\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Muslim+Brotherhood-era+minister+Mohamed+Mahsoub+released+in+Italy+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F08%2F05%2Fmuslim-brotherhood-era-minister-mohamed-mahsoub-released-in-italy%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/muslim-brotherhood-era-minister-mohamed-mahsoub-released-in-italy\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-625431\" class=\"content-area-description single-story post-625431 post type-post status-publish format-standard hentry category-egypt-politics-economics tag-egypt-politics-economics tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.ef595eda-c436-4336-8b68-3c1541834c5b.mp3\"><\/audio><\/figure>\n<p>Italian authorities in Sicily released on Thursday Ikhwan-era Parliamentary Affairs Minister Mohamed Mahsoub after detaining him for 12 hours, Egypt\u2019s Foreign Ministry said in a statement <a href=\"https:\/\/www.nytimes.com\/aponline\/2018\/08\/03\/world\/middleeast\/ap-ml-egypt-islamists.html\">picked up by the Associated Press<\/a>. Mahsoub, who has been an Italian citizen since 2016, is wanted on charges of fraud. Italian authorities said they would continue to monitor the former minister. Mahsoub <a href=\"https:\/\/twitter.com\/Alaabayoumi\/status\/1024793941768589312\">released a video<\/a> claiming \u201call the accusations are fabricated.\u201d<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-politics-economics\/\">Egypt Politics + Economics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"625432\" 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=\"625432\">\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\/05\/pope-tawadros-quits-facebook\/\">\r\n                            Pope Tawadros quits Facebook                        <\/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\/05\/pope-tawadros-quits-facebook\/\" 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\/05\/pope-tawadros-quits-facebook\/')\">\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\/05\/pope-tawadros-quits-facebook\/\">\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=Pope Tawadros quits Facebook&url=https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/pope-tawadros-quits-facebook\/\">\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\/05\/pope-tawadros-quits-facebook\/&title=Pope Tawadros quits Facebook\">\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=Pope+Tawadros+quits+Facebook+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F08%2F05%2Fpope-tawadros-quits-facebook%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\/05\/pope-tawadros-quits-facebook\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-625432\" class=\"content-area-description single-story post-625432 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>Pope Tawadros quits Facebook:<\/strong> Pope Tawadros has shut down his Facebook page, saying he has quit the site as it's a \"waste of time,\"<a href=\"https:\/\/news.sky.com\/story\/egypts-coptic-pope-tawadros-ii-quits-waste-of-time-age-and-life-facebook-11461567\">Sky News reports<\/a>. The Coptic Orthodox Church also ordered its monks to shut down their social media accounts, giving them a one-month deadline to do so, saying that social media posts \u201care not true to monastic life\". The church also announced on Thursday that it would stop accepting new monks into its order for the next year, until after the murder of Bishop Epiphanius is resolved, <a href=\"https:\/\/www.nytimes.com\/aponline\/2018\/08\/02\/world\/middleeast\/ap-ml-egypt-bishop-death.html\">the Associated Press reports.<\/a> The bishop was found dead inside a monastery in Behera <a href=\"https:\/\/enterprise.press\/stories\/2018\/07\/31\/bishops-murder-in-beheira-was-not-an-act-of-terrorism-says-monk\/\">last week<\/a> and church officials had ruled out terrorism.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"625436\" 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=\"625436\">\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\/05\/625436\/\">\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\/05\/625436\/\" 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\/05\/625436\/')\">\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\/05\/625436\/\">\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\/05\/625436\/\">\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\/05\/625436\/&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%2F05%2F625436%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\/05\/625436\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-625436\" class=\"content-area-description single-story post-625436 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> (Thursday): 15,806 (+0.9%)<br \/>\n <strong>Turnover:<\/strong> EGP 1.5 bn (66% above the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: +5.2%<\/p>\n<p><strong>THE MARKET ON THURSDAY:<\/strong> The EGX30 ended Thursday\u2019s session up 0.9%. CIB, the index heaviest constituent ended up 2.2%. EGX30\u2019s top performing constituents were Qalaa Holdings up 2.8%, Elsewedy Electric up 2.4%, and CIB up 2.2%. Thursday\u2019s worst performing stocks were Palm Hills down 6.8%, Egyptian Iron & Steel down 2.1%, and Orascom Telecom Media & Technology down 1.5%. The market turnover was EGP 1.5 bn, and foreign investors were the sole net buyers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Long | EGP +230.0 mn<br \/>\n <strong>Regional<\/strong>: Net Short | EGP -17.4 mn<br \/>\n <strong>Domestic<\/strong>: Net Short | EGP -212.6 mn<\/p>\n<p><strong>Retail<\/strong>: 47.7% of total trades | 46.0% of buyers | 49.4% of sellers<br \/>\n <strong>Institutions<\/strong>: 52.3% of total trades | 54.0% of buyers | 50.6% of sellers<\/p>\n<p><strong>Foreign:<\/strong> 23.0% of total | 35.6% of buyers | 10.4% of sellers<br \/>\n <strong>Regional:<\/strong> 7.2% of total | 6.3% of buyers | 8.2% of sellers<br \/>\n <strong>Domestic:<\/strong> 69.8% of total | 58.1% of buyers | 81.4% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 68.49 (-0.68%)<br \/>\n <strong>Brent:<\/strong> USD 73.21 (-0.33%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 2.85 MMBtu, (+1.31%, September 2018 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,223.20 \/ troy ounce (+0.25%)<\/p>\n<p><strong>TASI:<\/strong> 8,253.54 (-0.43%) (YTD: +14.21%)<br \/>\n <strong>ADX:<\/strong> 4,811.42 (-0.70%) (YTD: +9.39%)<br \/>\n <strong>DFM:<\/strong> 2,973.94 (-0.15%) (YTD: -11.75%)<br \/>\n <strong>KSE Premier Market:<\/strong> 5,349.33 (+0.73%)<br \/>\n <strong>QE:<\/strong> 9,981.22 (+0.05%) (YTD: +17.10%)<br \/>\n <strong>MSM:<\/strong> 4,326.67 (-0.32%) (YTD: -15.15%)<br \/>\n <strong>BB: <\/strong>1,349.17 (-0.32%) (YTD: +1.31%)<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-market-yesterday\/\">The Market Yesterday<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"625437\" 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\/05\/625437\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-625437\" class=\"content-area-description single-story post-625437 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>05-09 August (Sunday-Thursday): CBE hosts <a href=\"http:\/\/aacb2018.com\/main\/final-preparations\/\">41st annual meeting of the Association of African central banks<\/a>, 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): <a href=\"https:\/\/www.euromoneyconferences.com\/event\/a01D000001355HLIAY\/the-euromoney-egypt-conference-2018\">Euromoney Egypt Conference 2018<\/a>, Cairo.<\/p>\n<p>10-13 September (Monday-Thursday): <a href=\"https:\/\/8londonconference.efghermes.com\/pages\/home.aspx\">EFG Hermes\u2019 8th Annual London Conference<\/a>, 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): <a href=\"http:\/\/www.arqaamconference.com\/\">Arqaam Capital MENA Investors Conference 2018<\/a>, Four Seasons Resorts, Dubai.<\/p>\n<p>24-25 September (Monday-Tuesday): <a href=\"https:\/\/egyptwaterdesalination.iqpc.com\/\">Egypt Water Desalination Forum<\/a>, venue TBD.<\/p>\n<p>26 September (Wednesday): <a href=\"https:\/\/www.ecommsummit.co\/\">E-Commerce Summit<\/a>, 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): <a href=\"http:\/\/platforms-root-technologies.com\/icec-2018\/\">Intelligent Cities Exhibition & Conference 2018<\/a>, 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): <a href=\"https:\/\/www.egyptdefenceexpo.com\/\">First Egypt Defense Expo<\/a>, 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\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    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