{"id":625686,"date":"2018-08-13T04:18:22","date_gmt":"2018-08-13T04:18:22","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=625686"},"modified":"2025-12-17T08:44:57","modified_gmt":"2025-12-17T08:44:57","slug":"pmi-says-private-sector-recovering","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/pmi-says-private-sector-recovering\/","title":{"rendered":"PMI says private sector recovering"},"content":{"rendered":"<section id=\"625688\" 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=\"625688\">\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\/13\/what-were-tracking-on-18-august-2018\/\">\r\n                            What we\u2019re tracking on 18 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\/13\/what-were-tracking-on-18-august-2018\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n    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href=\"https:\/\/api.whatsapp.com\/send?text=What+we%E2%80%99re+tracking+on+18+August+2018+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F08%2F13%2Fwhat-were-tracking-on-18-august-2018%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/13\/what-were-tracking-on-18-august-2018\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-625688\" class=\"content-area-description single-story post-625688 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-enterpriseam tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_27645\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\">\n<p class=\"f-graphik\" style=\"font-size:14px\">Together with<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27482.svg\" alt=\"\" class=\"wp-image-27482\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><a id=\"tldr-story-03\" class=\"content-anchor\"><\/a> <strong>The CBE\u2019s Monetary Policy Committee (MPC) is expected to keep interest rates on hold when it meets this Thursday. <\/strong>Despite a slowdown in inflation levels to 13.5% in July, compared to 14.4% in June, HC Securities Chief Economist Sara Saada says the CBE is expected to maintain overnight deposit and lending rates unchanged at 16.75% and 17.75% at its upcoming meeting to allow the economy more time to fully absorb the shock of price hikes that came about as the result of increases to the costs of energy. \u201cWe expect monthly inflation to start normalizing in August to c. 1% on the phasing out of first and second round effects of fuel, electricity, and tax reforms, resulting in nearly stable yearly inflation in August.\u201d Inflation levels are seen \u201cnormalizing\u201d by the fourth quarter of the year, \u201cafter which we may witness further monetary policy easing, if exogenous factors including international oil prices, exchange rate, and emerging market yields are favorable.\u201d<\/p><p><strong>Our friends at Pharos Holdings also hold the view that the CBE will maintain interest rates. <\/strong>The bank sees annual headline inflation rising to an average 13.2% in 1Q2018-19, up from an average 12.8% in the fourth quarter of FY2017-18, before it begins to ease after September, \u201conce the fiscal consolidation impact is fully absorbed by the economy and has fully reflected on the prices of goods and services, in addition to the end of back-to-school season.\u201d We have a detailed breakdown on the report in our The Market Yesterday section below or <a href=\"https:\/\/ent.news\/2018\/8\/809.pdf\">you can view the full report here (pdf)<\/a>.<\/p><p><strong>Real estate taxes are again in the news after the Tax Authority issued a booklet outlining the conditions for exemption from the tax<\/strong>, <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/3\/12\/309488\/Business\/Economy\/Egypts-Real-Estate-Tax-Authority-releases-booklet-.aspx\">Ahram Online reports<\/a>. Property worth less than EGP 2 mn will be eligible for exemption from paying a real estate tax. Homes whose net annual income from rent is less than EGP 24,000 will also be eligible for exemption. Those found guilty of evading taxes will pay a EGP 1,000-5,000 fine on top of the tax. The booklet was issued as the ministry postponed the deadline for paying real estate taxes to 15 October from 15 August.<\/p><p><strong>Yemeni President Abdrabbuh Mansur Hadi is meeting President Abdel Fattah El Sisi in Cairo today<\/strong>, Yemen\u2019s media minister said, <a href=\"https:\/\/www.youm7.com\/story\/2018\/8\/12\/%D9%88%D8%B2%D9%8A%D8%B1-%D8%A7%D9%84%D8%A5%D8%B9%D9%84%D8%A7%D9%85-%D8%A7%D9%84%D9%8A%D9%85%D9%86%D9%89-%D8%A7%D9%84%D8%B9%D9%84%D8%A7%D9%82%D8%A7%D8%AA-%D8%A7%D9%84%D8%AB%D9%86%D8%A7%D8%A6%D9%8A%D8%A9-%D8%AA%D8%AA%D8%B5%D8%AF%D8%B1-%D9%84%D9%82%D8%A7%D8%A1-%D8%A7%D9%84%D8%B3%D9%8A%D8%B3%D9%89-%D9%88%D8%B9%D8%A8%D8%AF-%D8%B1%D8%A8%D9%87\/3909705\">Youm7 reports<\/a>. Hadi will also meet with several other Egyptian officials during his two-day visit, including Parliament Speaker Ali Abdel Aal.<\/p><p><strong>Higher Education Minister Khaled Abdel Ghaffar is set to sign an agreement with China\u2019s ambassador to Egypt Song Aiguo today<\/strong>, <a href=\"https:\/\/ent.news\/2018\/8\/454.pdf\">according to an emailed Investment Ministry statement (pdf)<\/a>. The details of the agreement were not disclosed.<\/p><p>The biggest story of the day for emerging markets continues to be the Turkish lira\u2019s slow and agonizing death alone in the psych ward with no one visiting or sending flowers.<strong> We go in-depth on how the crisis could prove beneficial for Egypt and the impact on EMs further below in the Speed Round.<\/strong> But first, a look at the latest updates on the crisis.<\/p><p><strong>A placebo effect appeared to take shape on Sunday<\/strong>, with the lira firming up to TRY 6.86 to the USD after falling to an all-time low of TRY 7.24, <a href=\"https:\/\/www.reuters.com\/article\/us-turkey-currency-erdogan\/turkey-says-has-action-plan-to-ease-market-concerns-lira-firms-from-record-low-idUSKBN1KX0IH\">Reuters report.<\/a><\/p><p><strong>The placebo:<\/strong> Turkey\u2019s Finance Minister said that the government will announce a series of comprehensive economic policies to counter the downslide that would impact everything from banks to SMEs.<\/p><p><strong>Why it won\u2019t work #1: <\/strong>The minister echoed none other than his his father-in-law President Recep Tayyip Erdogan\u2019s nationalist rhetoric that this was economic war, which will only serve to dig themselves even further in the mess.<\/p><p><strong>Why it won\u2019t work #2: <\/strong>Erratic economic and monetary policies by the Erdogan government have played as much of a hand in this as the political mess leading to the US tariffs, with the TRY being among the weakest currencies at the heart of the EM zombie apocalypse. Furthermore, the Erdogan administration seems paralyzed by the politics and has stood by and watched their economy meltdown. As investors urge the central bank to take action, policy makers fear that any rise in interest rates would be offset by another round of US sanctions, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-08-12\/turkey-s-policy-making-paralysis-promises-more-tumult-in-markets\">Bloomberg notes<\/a>.<\/p><p><strong>KSA fund looking to enter Tesla buyout:<\/strong> In other global business news, the Saudi Kingdom\u2019s Public Investment Fund is exploring how it can be involved in the potential transaction, according to people with knowledge of the fund\u2019s plans <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-08-12\/saudi-fund-is-said-to-be-in-talks-to-invest-in-tesla-buyout-deal\">tell Bloomberg<\/a>. The fund recently built a stake just shy of 5% in Tesla. The move comes as Tesla founder Elon Musk moves forward plans to take the company private despite concerns by the board, skepticism by short sellers, and lawsuits from investors.<\/p><p><strong>Expect Mo Salah to feature heavily in the local and foreign press lately as the Premier League kicks off this week. <\/strong>The Liverpool striker started the season strong, <a href=\"https:\/\/www.washingtonpost.com\/sports\/dcunited\/salah-helps-liverpool-open-season-with-4-0-win-vs-west-ham\/2018\/08\/12\/1e097660-9e42-11e8-a3dd-2a1991f075d5_story.html?utm_term=.fae1ecfbe6f7\">scoring the first goal<\/a> in Liverpool\u2019s 4-0 victory of West Ham.<\/p><p>(Some of us here are very unhappy about the 2-0 defeat of Arsenal by Man City, but it could have been worse).<\/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 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draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/27483.png?fit=300%2C300&#038;ssl=1\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Powering with nature<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-6f2w8sk\" data-v=\"4\" data-block-id=\"6f2w8sk\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-6f2w8sk-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-6f2w8sk-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240926.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" 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class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"625690\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/13\/el-sisi-inaugurates-new-barrage-at-assiut\/\">\r\n                            El Sisi inaugurates new barrage at Assiut                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" 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href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2018\/08\/13\/el-sisi-inaugurates-new-barrage-at-assiut\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=El Sisi inaugurates new barrage at Assiut&url=https:\/\/enterpriseam.com\/egypt\/2018\/08\/13\/el-sisi-inaugurates-new-barrage-at-assiut\/\">\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\/13\/el-sisi-inaugurates-new-barrage-at-assiut\/&title=El Sisi inaugurates new barrage at Assiut\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=El+Sisi+inaugurates+new+barrage+at+Assiut+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F08%2F13%2Fel-sisi-inaugurates-new-barrage-at-assiut%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\/13\/el-sisi-inaugurates-new-barrage-at-assiut\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-625690\" class=\"content-area-description single-story post-625690 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-enterprise-last-nights-talk-shows tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>President Abdel Fattah El Sisi\u2019s inauguration of a new irrigation dam at Assiut yesterday<\/strong> was the main topic of discussion on the airwaves last night.<\/p>\n<p><strong>The irrigation dam, one of the largest water projects on the nile, will benefit farmers across 20% of Egypt\u2019s agricultural land<\/strong> in Giza, Fayoum, Beni Sueif, Assiut, and Minya, Irrigation Ministry Spokesperson Hossam El Imam told Al Hayah fi Masr (<a href=\"https:\/\/www.youtube.com\/watch?v=a-iw-_hOx58\">watch, runtime: 5:12<\/a>). El Imam also phoned into Yahduth fi Masr for a chat with Sherif Amer about how the dam project ties into the ministry\u2019s wider water conservation efforts (<a href=\"https:\/\/www.facebook.com\/YahdothFiMasr\/videos\/654721471572829\/\">watch, runtime: 3:41<\/a> and <a href=\"https:\/\/www.facebook.com\/YahdothFiMasr\/videos\/654725151572461\/\">runtime: 1:40<\/a>).<\/p>\n<p><strong>The dam includes a EUR 69 mn hydropower station, which will generate clean energy equivalent to 50,000 tonnes of fuel<\/strong> per year, Electricity Ministry Spokesperson Ayman Hamza told Hona Al Asema\u2019s Lama Gebril. This reduction of fuel consumption will save the country EGP 130 mn and will also cut down on our CO\u2082 emissions by 125,000 tonnes (<a href=\"https:\/\/www.youtube.com\/watch?v=5fJjoWd1Tvs&t=2s\">watch, runtime: 5:00<\/a>). Chinese state-owned company Sinohydro will cooperate in building the station, which will take around seven years to complete, Electricity Minister Mohamed Shaker said yesterday, <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/309500\/Egypt\/Politics-\/Sisi-inaugurates-major-power-project,-national-mus.aspx\">according to Ahram Online<\/a>. Gebril also got into the details of the barrage with Irrigation Ministry deputy head Khaled Tobar (<a href=\"https:\/\/www.youtube.com\/watch?v=5Yg2algaMeA\">watch, runtime: 25: 12<\/a>). Masaa DMC\u2019s Eman El Hosary also spent some time on the topic (<a href=\"https:\/\/www.youtube.com\/watch?v=5d5PWHYSO1c\">watch, runtime: 9:28<\/a>).<\/p>\n<p><strong>El Sisi also inaugurated yesterday the EGP 72 mn Sohag Museum<\/strong>, Supreme Antiquities Council Secretary General Mostafa Waziri told Hona Al Asema. The 8,700 sqm museum houses some 950 artifacts. Construction of the museum had kicked off again in 2016 after being suspended for several years, Waziri noted (<a href=\"https:\/\/www.youtube.com\/watch?v=bMvrwvEvaCs\">watch, runtime: 3:55<\/a>). Waziri also chatted about the museum on Masaa DMC (<a href=\"https:\/\/www.youtube.com\/watch?v=njK05mngVZg\">watch, runtime: 6:19<\/a>), Al Hayah fi Masr (<a href=\"https:\/\/www.youtube.com\/watch?v=s1NH_9PUiSw\">watch, runtime: 5:03<\/a>), and Yahduth fi Masr (<a href=\"https:\/\/www.facebook.com\/YahdothFiMasr\/videos\/654736288238014\/\">watch, runtime: 2:44<\/a>).<\/p>\n<p><strong>Security experts and members of the Coptic Church continued to praise tight security measures for managing to foil Saturday\u2019s attempted suicide bombing<\/strong> at the Lady Virgin Church in Qaliubiyah. The impenetrable security forced the bomber to detonate far away from the church, preventing any casualties, former Interior Minister official Osama El Tawil said on Hona Al Asema (<a href=\"https:\/\/www.youtube.com\/watch?v=b1VSZaU9UcY\">watch, runtime: 7:42<\/a>). The church\u2019s Archpriest Abdel Messih Bassit church said that prayers and celebrations of the Virgin Mary\u2019s birthday had continued unaffected after the thwarted attack (<a href=\"https:\/\/www.youtube.com\/watch?v=hlHUnwYoSU4\">watch, runtime: 9:15<\/a>).<\/p>\n<p><strong>The annual increase in private schools was the headline of a roundtable discussion<\/strong> hosted by Masaa DMC\u2019s Eman El Hosary, with House Rep. Hany Abaza, private schools representative Ahmed El Khatib, and head of an association for parents of students in private schools Mohamed Salah weighing in on the matter (<a href=\"https:\/\/www.youtube.com\/watch?v=YmhKc3YIWU0\">watch, runtime: 4:30<\/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=\"625691\" 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=\"625691\">\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\/13\/headline-pmi-reaches-eight-month-high-in-july-at-50-3\/\">\r\n                            Headline PMI reaches eight-month high in July at 50.3                        <\/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\/13\/headline-pmi-reaches-eight-month-high-in-july-at-50-3\/\" 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\/13\/headline-pmi-reaches-eight-month-high-in-july-at-50-3\/')\">\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\/13\/headline-pmi-reaches-eight-month-high-in-july-at-50-3\/\">\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=Headline PMI reaches eight-month high in July at 50.3&url=https:\/\/enterpriseam.com\/egypt\/2018\/08\/13\/headline-pmi-reaches-eight-month-high-in-july-at-50-3\/\">\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\/13\/headline-pmi-reaches-eight-month-high-in-july-at-50-3\/&title=Headline PMI reaches eight-month high in July at 50.3\">\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=Headline+PMI+reaches+eight-month+high+in+July+at+50.3+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F08%2F13%2Fheadline-pmi-reaches-eight-month-high-in-july-at-50-3%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\/13\/headline-pmi-reaches-eight-month-high-in-july-at-50-3\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-625691\" class=\"content-area-description single-story post-625691 post type-post status-publish format-standard hentry category-speed-round tag-enterpriseam tag-speed-round wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>Headline PMI reaches eight-month high in July at 50.3: <\/strong>Business conditions in Egypt\u2019s non-oil private sector improved last month, with the headline <a href=\"https:\/\/www.markiteconomics.com\/Public\/Home\/PressRelease\/6d81e8cba9c54b1f8bbd1a1558f82f21\">Emirates NBD PMI compiled by Markit (pdf)<\/a> rising above the 50.0 mark that separates contraction from growth. The gauge rose to an eight-month high of 50.3 in July from 49.4 in June, thanks to a \u201cgreater volume of new business amid stronger demand from both domestic and foreign sources,\u201d according to the report, which adds that \u201cimprovements in inbound tourism supported the upturn in new domestic orders, while a new global economic environment underpinned the expansion in new exports.\u201d<\/p>\n<p><strong>Signs point to private sector recovery: <\/strong>Despite existing challenges, the outlook for the the current fiscal year remains positive, with expectations seeing GDP growth rising, said the report. In July, raw material shortages and higher costs \u2014 following the increase in fuel and power prices \u2014 weighed down business activity. However, indicators such as liquidity, output, staffing levels, and purchasing activity fell at a much \u201csofter pace than in the previous month,\u201d pointing to the start of private sector recovery, \u201csupported by gradual monetary policy normalization, improved political stability, and a rebound in the tourism sector.\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\/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=\"625702\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"625703\" 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=\"625703\">\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\/13\/what-were-tracking-this-week-and-beyond-104\/\">\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\/13\/what-were-tracking-this-week-and-beyond-104\/\" 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\/13\/what-were-tracking-this-week-and-beyond-104\/')\">\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\/13\/what-were-tracking-this-week-and-beyond-104\/\">\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\/13\/what-were-tracking-this-week-and-beyond-104\/\">\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\/13\/what-were-tracking-this-week-and-beyond-104\/&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%2F13%2Fwhat-were-tracking-this-week-and-beyond-104%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\/13\/what-were-tracking-this-week-and-beyond-104\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-625703\" class=\"content-area-description single-story post-625703 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>Dar Al Ifta announced the first day of Eid Al Adha will be Tuesday<\/strong>, 21 August, with Waqfat Arafat taking place on Monday. Expect most people to also take next Sunday off to bridge into a full nine-day vacation.<\/p>\n<p><strong>Governors shuffle coming after Eid break:<\/strong> A shuffle of the nation\u2019s 27 governors will likely be announced after the Eid Al Adha break, an unnamed source from the Local Development Ministry <a href=\"http:\/\/www.shorouknews.com\/news\/view.aspx?cdate=12082018&id=7352e42a-0f33-4fc1-9e68-0577a4ea888e\">tells Al Shorouk<\/a>. The announcement of the shuffle has been postponed several times since reports of its imminence first broke in June, but sources <a href=\"https:\/\/enterprise.press\/stories\/2018\/08\/12\/what-were-tracking-this-week-and-beyond-22\/\">had said earlier this week<\/a> that as many as 12 governors could be hanging up their suits. Leading jurists were <a href=\"https:\/\/enterprise.press\/stories\/2018\/07\/10\/what-were-tracking-on-10-july-2018-2\/\">reportedly among the candidates<\/a> for higher office in Giza and Upper Egypt.<\/p>\n<p><strong>The Egyptian Federation of Investors Associations (EFIA) is meeting with Finance Minister Mohamed Maait this week<\/strong> to discuss the latest draft of the Customs Act.<\/p>\n<p>Orange Egypt\u2019s board of directors is meeting on 27 August to look into<strong> the company\u2019s proposal for a voluntary delisting<\/strong>.<\/p>\n<p><strong>A delegation of 60 unnamed US companies is scheduled to visit Egypt in October<\/strong> to explore potential investments across a variety of sectors. A Japanese trade delegation is also due to visit the new capital and Suez Canal by the end 2018.<\/p>\n<p><strong>Egypt is set to host the <\/strong><a href=\"https:\/\/acicaegypt.com\/\"><strong>57th ACI & 43rd ICA World Congress<\/strong><\/a><strong> from 25-27 October<\/strong> in Cairo to discuss the latest developments in global banking. The conference will be held under the auspices of CBE Governor Tarek Amer.<\/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=\"625704\" 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=\"625704\">\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\/13\/monks-arrest-over-bishops-murder-tops-foreign-headlines-on-egypt\/\">\r\n                            Monk\u2019s arrest over bishop\u2019s murder tops foreign headlines on Egypt                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/13\/monks-arrest-over-bishops-murder-tops-foreign-headlines-on-egypt\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2018\/08\/13\/monks-arrest-over-bishops-murder-tops-foreign-headlines-on-egypt\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2018\/08\/13\/monks-arrest-over-bishops-murder-tops-foreign-headlines-on-egypt\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Monk\u2019s arrest over bishop\u2019s murder tops foreign headlines on Egypt&url=https:\/\/enterpriseam.com\/egypt\/2018\/08\/13\/monks-arrest-over-bishops-murder-tops-foreign-headlines-on-egypt\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2018\/08\/13\/monks-arrest-over-bishops-murder-tops-foreign-headlines-on-egypt\/&title=Monk\u2019s arrest over bishop\u2019s murder tops foreign headlines on Egypt\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Monk%E2%80%99s+arrest+over+bishop%E2%80%99s+murder+tops+foreign+headlines+on+Egypt+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F08%2F13%2Fmonks-arrest-over-bishops-murder-tops-foreign-headlines-on-egypt%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/13\/monks-arrest-over-bishops-murder-tops-foreign-headlines-on-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-625704\" class=\"content-area-description single-story post-625704 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>Monk\u2019s arrest over bishop\u2019s murders tops foreign headlines on Egypt: <\/strong>The arrest of ex-monk Ash\u2019eyaa El Makary for the <a href=\"https:\/\/enterprise.press\/stories\/2018\/08\/12\/failed-suicide-bombing-developments-in-bishops-murder-case-dominate-talk-shows\/\">murder of Bishop Epiphanius<\/a> at the St. Macarius monastery in Wadi El Natroun is making top headlines on Egypt in the int\u2019l press on what is otherwise a blessedly slow news day. <a href=\"https:\/\/www.theguardian.com\/world\/2018\/aug\/12\/coptic-monk-arrested-bishop-death-egypt\">The Guardian<\/a> and <a href=\"https:\/\/www.irishtimes.com\/news\/world\/africa\/disgraced-monk-arrested-for-murder-of-bishop-in-egypt-1.3593684\">Irish Times<\/a> are among the many outlets that picked up the story yesterday.<\/p>\n<p>Coming in at a close second is wire pickups of the <strong>Interior Ministry\u2019s arrest of seven people responsible for the failed attack on a Qalyubiyah church on Saturday<\/strong>. The suicide bomber was identified as 29-year-old Omar Mohamed Mostafa, but he has not been linked to any terrorist group, <a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL5N1V30JP\">according to Reuters<\/a>. The six other detainees, who include two women, were reportedly found with explosives and ammunition in their possession upon their arrest, <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/309518\/Egypt\/Politics-\/Egypt-police-reveal-identity-of-bomber-behind-fail.aspx\">Ahram Online reports<\/a>.<\/p>\n<p>Meanwhile, <a href=\"https:\/\/www.economist.com\/books-and-arts\/2018\/08\/11\/egypts-path-from-autocracy-to-revolution-and-back-again\"><strong>The Economist<\/strong><\/a><strong> joins in on the choir of commentary on Into the Hands of the Soldiers<\/strong>, former NYT bureau chief David Kirkpatrick\u2019s recently-released book on Egypt.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"625705\" 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=\"625705\">\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\/13\/columnists-are-still-grumbling-about-the-real-estate-tax\/\">\r\n                            Columnists are still grumbling about the real estate tax                        <\/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\/13\/columnists-are-still-grumbling-about-the-real-estate-tax\/\" 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\/13\/columnists-are-still-grumbling-about-the-real-estate-tax\/')\">\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\/13\/columnists-are-still-grumbling-about-the-real-estate-tax\/\">\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=Columnists are still grumbling about the real estate tax&url=https:\/\/enterpriseam.com\/egypt\/2018\/08\/13\/columnists-are-still-grumbling-about-the-real-estate-tax\/\">\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\/13\/columnists-are-still-grumbling-about-the-real-estate-tax\/&title=Columnists are still grumbling about the real estate tax\">\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=Columnists+are+still+grumbling+about+the+real+estate+tax+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F08%2F13%2Fcolumnists-are-still-grumbling-about-the-real-estate-tax%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\/13\/columnists-are-still-grumbling-about-the-real-estate-tax\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-625705\" class=\"content-area-description single-story post-625705 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>Columnists are still grumbling about the real estate tax:<\/strong> The Finance Ministry\u2019s target of collecting EGP 5 bn from the real estate tax does not warrant the amount of trouble the government is putting people through to pay the levy, Mahmoud Khalil <a href=\"https:\/\/www.elwatannews.com\/news\/details\/3591293\">writes for El Watan<\/a>. By Khalil\u2019s calculations, reaching the EGP 5 bn mark would only require that each real estate owner pay EGP 100, which is far less than what most are actually paying. He also lashes out at the government for imposing several new taxes while citizens are struggling to get by, and calls for a clampdown on evaders of already-existing taxes instead.<\/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=\"625706\" 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=\"625706\">\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\/13\/mena-region-weather-could-soon-go-from-uncomfortable-to-unlivable\/\">\r\n                            MENA region weather could soon go from uncomfortable to unlivable                        <\/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\/13\/mena-region-weather-could-soon-go-from-uncomfortable-to-unlivable\/\" 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\/13\/mena-region-weather-could-soon-go-from-uncomfortable-to-unlivable\/')\">\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\/13\/mena-region-weather-could-soon-go-from-uncomfortable-to-unlivable\/\">\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=MENA region weather could soon go from uncomfortable to unlivable&url=https:\/\/enterpriseam.com\/egypt\/2018\/08\/13\/mena-region-weather-could-soon-go-from-uncomfortable-to-unlivable\/\">\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\/13\/mena-region-weather-could-soon-go-from-uncomfortable-to-unlivable\/&title=MENA region weather could soon go from uncomfortable to unlivable\">\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=MENA+region+weather+could+soon+go+from+uncomfortable+to+unlivable+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F08%2F13%2Fmena-region-weather-could-soon-go-from-uncomfortable-to-unlivable%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\/13\/mena-region-weather-could-soon-go-from-uncomfortable-to-unlivable\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2018\/8\/1149.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"625707\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/13\/mena-region-weather-could-soon-go-from-uncomfortable-to-unlivable\/1149-jpg-23\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/8\/1149.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1149.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/8\/1149.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/8\/1149.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-625706\" class=\"content-area-description single-story post-625706 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>MENA region weather could soon go from uncomfortable to unlivable:<\/strong> If the successive heat waves we\u2019ve been experiencing this summer in Egypt didn\u2019t tip you off, experts are calling it: Climate change is well on its way to making the Middle East and North Africa \u201cunlivable,\u201d <a href=\"https:\/\/www.nbcnews.com\/news\/world\/searing-heat-made-could-make-countries-north-africa-along-persian-n899921\">according to NBC News<\/a>. Egypt is struggling with a rise in extreme weather events and higher humidity levels, which meteorologists say are \u201chighly significant\u201d trends that could culminate in \u201cone of the biggest disasters on the globe.\u201d Climate change is also beginning to eat away at our sources of livelihood \u2014 \u201cIn the fertile Nile Delta, rising sea levels and a rising water table are already cutting into Egypt\u2019s precious 4 percent of arable farmland.\u201d<\/p>\n<p><strong>Meanwhile, in the Gulf, temperatures between 60 and 70\u00b0C will be \u201cthe new normal\u201d by mid-century<\/strong>, a global energy and climate policy expert says. This rise in temperatures is, of course, a much more pressing and imminent danger than higher sea levels for the Persian Gulf. A research team at the Massachusetts Institute of Technology has determined that the Gulf\u2019s high-humidity climate, which reduces the human body\u2019s ability to cool off by sweating, paired with rising temperatures will soon cause \u201ceven the fittest\u201d human bodies to overheat and begin to fail if serious action is not taken. In the meantime, countries in the region are rushing to rely more on green energy as demand for electricity will largely be driven by a need to power air conditioning systems.<\/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=\"625708\" 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=\"625708\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">Worth watching<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/13\/mn-pound-menu-is-out-on-netflix\/\">\r\n                            Mn Pound Menu is out on Netflix                        <\/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\/13\/mn-pound-menu-is-out-on-netflix\/\" 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\/13\/mn-pound-menu-is-out-on-netflix\/')\">\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\/13\/mn-pound-menu-is-out-on-netflix\/\">\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=Mn Pound Menu is out on Netflix&url=https:\/\/enterpriseam.com\/egypt\/2018\/08\/13\/mn-pound-menu-is-out-on-netflix\/\">\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\/13\/mn-pound-menu-is-out-on-netflix\/&title=Mn Pound Menu is out on Netflix\">\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=Mn+Pound+Menu+is+out+on+Netflix+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F08%2F13%2Fmn-pound-menu-is-out-on-netflix%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\/13\/mn-pound-menu-is-out-on-netflix\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2018\/8\/1073.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"625709\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/13\/mn-pound-menu-is-out-on-netflix\/1073-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/8\/1073.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1073.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/8\/1073.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/8\/1073.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-625708\" class=\"content-area-description single-story post-625708 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-watching tag-enterpriseam tag-worth-watching wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Attention foodies, fans of cooking shows, and fans of Dragons\u2019 Den. \u201cMn Pound Menu\u201d \u2014 one of the best cooking shows we\u2019ve seen in quite some time \u2014 <\/strong><a href=\"https:\/\/www.netflix.com\/title\/81004322\"><strong>is now out on Netflix<\/strong><\/a><strong>. <\/strong>The concept of the BBC 2-produced show blends the sensory culinary delight that comes with watching a good cooking show and the drama that comes with intense cooking competitions like Masterchef, with the business side thrown in there in the vein of Dragons\u2019 Den.<\/p>\n<p><strong>The format:<\/strong> The show starts investors and restaurateurs gathering to pick restaurant concepts pitched by up and coming cooks. These cooks will then be given a pop-up restaurant to run for three days in a bid to impress the investors. After sampling the food, discussing the business plan and financials, and seeing the entrepreneurs manage a full day\u2019s restaurant work, investors interested will make an offer at the end of the episode. You can view the trailer here (<a href=\"https:\/\/www.youtube.com\/watch?v=hTrRpv1AObg\">watch, runtime: 0:30<\/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\/worth-watching\/\">worth watching<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"625710\" 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=\"625710\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/13\/egypt-tunisia-to-set-up-coordination-council-to-increase-investment-cooperation\/\">\r\n                            Egypt, Tunisia to set up coordination council to increase investment cooperation                        <\/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\/13\/egypt-tunisia-to-set-up-coordination-council-to-increase-investment-cooperation\/\" 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\/13\/egypt-tunisia-to-set-up-coordination-council-to-increase-investment-cooperation\/')\">\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\/13\/egypt-tunisia-to-set-up-coordination-council-to-increase-investment-cooperation\/\">\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, Tunisia to set up coordination council to increase investment cooperation&url=https:\/\/enterpriseam.com\/egypt\/2018\/08\/13\/egypt-tunisia-to-set-up-coordination-council-to-increase-investment-cooperation\/\">\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\/13\/egypt-tunisia-to-set-up-coordination-council-to-increase-investment-cooperation\/&title=Egypt, Tunisia to set up coordination council to increase investment cooperation\">\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%2C+Tunisia+to+set+up+coordination+council+to+increase+investment+cooperation+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F08%2F13%2Fegypt-tunisia-to-set-up-coordination-council-to-increase-investment-cooperation%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\/13\/egypt-tunisia-to-set-up-coordination-council-to-increase-investment-cooperation\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-625710\" class=\"content-area-description single-story post-625710 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<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.f8ccd34b-b567-4e94-a56c-3640e7ab823f.mp3\"><\/audio><\/figure>\n<p><strong>Egypt and Tunisia agreed on Sunday to establish a joint investment cooperation council,<\/strong> <a href=\"http:\/\/www.miic.gov.eg\/Arabic\/MediaCenter\/News\/Pages\/%D9%84%D8%AC%D9%86%D8%A9-%D8%A7%D9%84%D9%85%D8%AA%D8%A7%D8%A8%D8%B9%D8%A9-%D8%A7%D9%84%D9%85%D8%B4%D8%AA%D8%B1%D9%83%D8%A9-%D8%AA%D8%AA%D9%81%D9%82-%D8%B9%D9%84%D9%89-%D8%AA%D9%86%D8%B8%D9%8A%D9%85-%D8%A3%D8%B3%D8%A8%D9%88%D8%B9-%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1%D9%8A-%D9%85%D8%B5%D8%B1%D9%8A-%D8%AA%D9%88%D9%86%D8%B3%D9%8A-%D9%88%D8%AA%D8%B9%D8%B2%D9%8A%D8%B2-%D8%A7%D9%84%D8%AA%D8%B9%D8%A7%D9%88%D9%86-%D8%A8%D9%8A%D9%86-%D8%A7%D9%84%D8%A8%D9%84%D8%AF%D9%8A%D9%86-%D9%81%D9%8A-%D9%85%D8%AC%D8%A7%D9%84%D8%A7%D8%AA-%D8%A7%D9%84%D8%AA%D8%AC%D8%A7%D8%B1%D8%A9-%D9%88%D8%A7%D9%84%D9%83%D9%87%D8%B1%D8%A8%D8%A7%D8%A1.aspx\">according to an Investment Ministry statement<\/a>. The agreement came during a meeting in Cairo yesterday between Tunisian Trade Minister Omar Bahi, his Egyptian counterpart Amr Nassar, and Investment Minister Sahar Nasr, where the two sides also highlighted the need to boost economic cooperation across the board and activate several existing MoUs in fields including agriculture.<\/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=\"625711\" 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=\"625711\">\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\/13\/aton-has-until-february-next-year-to-submit-feasibility-studies-for-west-hamama-concession\/\">\r\n                            Aton has until February next year to submit feasibility studies for West Hamama Concession                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/13\/aton-has-until-february-next-year-to-submit-feasibility-studies-for-west-hamama-concession\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2018\/08\/13\/aton-has-until-february-next-year-to-submit-feasibility-studies-for-west-hamama-concession\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2018\/08\/13\/aton-has-until-february-next-year-to-submit-feasibility-studies-for-west-hamama-concession\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Aton has until February next year to submit feasibility studies for West Hamama Concession&url=https:\/\/enterpriseam.com\/egypt\/2018\/08\/13\/aton-has-until-february-next-year-to-submit-feasibility-studies-for-west-hamama-concession\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2018\/08\/13\/aton-has-until-february-next-year-to-submit-feasibility-studies-for-west-hamama-concession\/&title=Aton has until February next year to submit feasibility studies for West Hamama Concession\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Aton+has+until+February+next+year+to+submit+feasibility+studies+for+West+Hamama+Concession+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F08%2F13%2Faton-has-until-february-next-year-to-submit-feasibility-studies-for-west-hamama-concession%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/13\/aton-has-until-february-next-year-to-submit-feasibility-studies-for-west-hamama-concession\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-625711\" class=\"content-area-description single-story post-625711 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\/.6ebb7af9-53ef-4c87-805f-f9ca152e644c.mp3\"><\/audio><\/figure>\n<p>Egypt\u2019s Mineral Resources Authority (EMRA) gave Canada\u2019s Aton Resources until the end of February 2019 to submit a feasibility report on gold exploration activities at the West Hamama concession, <a href=\"https:\/\/www.youm7.com\/story\/2018\/8\/12\/%D8%A7%D9%84%D8%AB%D8%B1%D9%88%D8%A9-%D8%A7%D9%84%D9%85%D8%B9%D8%AF%D9%86%D9%8A%D8%A9-%D8%AA%D8%AA%D8%AE%D8%B0-%D9%82%D8%B1%D8%A7%D8%B1%D8%A7-%D9%87%D8%A7%D9%85%D8%A7-%D8%A8%D8%B4%D8%A3%D9%86-%D9%85%D9%86%D8%AC%D9%85-%D8%A7%D9%84%D8%AD%D9%85%D8%A7%D9%85%D8%A9-%D9%84%D9%84%D8%B0%D9%87%D8%A8\/3908163\">sources with knowledge of the matter tell Youm7<\/a>. Aton, which is trying to acquire a <a href=\"https:\/\/enterprise.press\/stories\/2018\/06\/05\/aton-moves-one-step-closer-to-obtaining-exploitation-license-on-hamama-west-concession\/\">20-year exploitation license<\/a>, had <a href=\"https:\/\/enterprise.press\/stories\/2018\/08\/09\/aton-resources-could-be-out-second-licensed-major-gold-producer-after-centamin\/\">announced last week<\/a> that EMRA accepted its declaration of commerciality for the project, which could open the door for Aton to become the second major gold producer in Egypt after Centamin.<\/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=\"625712\" 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=\"625712\">\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\">Manufacturing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/13\/em-to-establish-egp-500-mn-led-bulb-manufacturing-complex\/\">\r\n                            E&amp;M to establish EGP 500 mn LED bulb-manufacturing complex                        <\/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\/13\/em-to-establish-egp-500-mn-led-bulb-manufacturing-complex\/\" 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\/13\/em-to-establish-egp-500-mn-led-bulb-manufacturing-complex\/')\">\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\/13\/em-to-establish-egp-500-mn-led-bulb-manufacturing-complex\/\">\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=E&#038;M to establish EGP 500 mn LED bulb-manufacturing complex&url=https:\/\/enterpriseam.com\/egypt\/2018\/08\/13\/em-to-establish-egp-500-mn-led-bulb-manufacturing-complex\/\">\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\/13\/em-to-establish-egp-500-mn-led-bulb-manufacturing-complex\/&title=E&#038;M to establish EGP 500 mn LED bulb-manufacturing complex\">\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=E%26%23038%3BM+to+establish+EGP+500+mn+LED+bulb-manufacturing+complex+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F08%2F13%2Fem-to-establish-egp-500-mn-led-bulb-manufacturing-complex%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\/13\/em-to-establish-egp-500-mn-led-bulb-manufacturing-complex\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-625712\" class=\"content-area-description single-story post-625712 post type-post status-publish format-standard hentry category-manufacturing tag-enterpriseam tag-manufacturing 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\/.2a912983-d0b8-437f-aec3-81abf2aa0dd2.mp3\"><\/audio><\/figure>\n<p><a href=\"http:\/\/iac-em.com\/\">The International Arabic Company for Electric Industries (E&M)<\/a> announced plans to construct a EGP 500 mn factory complex in Badr City to manufacture LED lights. The complex, which will be built over 43,000 sqm, will start operating sometime next year, company Director Ahmed Ibrahim <a href=\"http:\/\/www.shorouknews.com\/news\/view.aspx?cdate=12082018&id=f0a20d75-d171-4b9e-82b6-819a52375b33\">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\/manufacturing\/\">Manufacturing<\/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=\"625713\" 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=\"625713\">\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\">Health + Education<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/13\/finmins-pppcu-to-tender-construction-of-ain-shams-universitys-commerce-faculty\/\">\r\n                            FinMin\u2019s PPPCU to tender construction of Ain Shams University\u2019s commerce faculty                        <\/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\/13\/finmins-pppcu-to-tender-construction-of-ain-shams-universitys-commerce-faculty\/\" 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\/13\/finmins-pppcu-to-tender-construction-of-ain-shams-universitys-commerce-faculty\/')\">\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\/13\/finmins-pppcu-to-tender-construction-of-ain-shams-universitys-commerce-faculty\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=FinMin\u2019s PPPCU to tender construction of Ain Shams University\u2019s commerce faculty&url=https:\/\/enterpriseam.com\/egypt\/2018\/08\/13\/finmins-pppcu-to-tender-construction-of-ain-shams-universitys-commerce-faculty\/\">\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\/13\/finmins-pppcu-to-tender-construction-of-ain-shams-universitys-commerce-faculty\/&title=FinMin\u2019s PPPCU to tender construction of Ain Shams University\u2019s commerce faculty\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=FinMin%E2%80%99s+PPPCU+to+tender+construction+of+Ain+Shams+University%E2%80%99s+commerce+faculty+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F08%2F13%2Ffinmins-pppcu-to-tender-construction-of-ain-shams-universitys-commerce-faculty%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\/13\/finmins-pppcu-to-tender-construction-of-ain-shams-universitys-commerce-faculty\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-625713\" class=\"content-area-description single-story post-625713 post type-post status-publish format-standard hentry category-health-education tag-enterpriseam tag-health-education wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.19f6c6e7-b704-4e66-9a6f-2dbc4f550d21.mp3\"><\/audio><\/figure>\n<p>The Finance Ministry\u2019s Public-Private Partnership Central Unit (PPPCU) is planning to launch a tender to the private sector soon for the construction of the faculty of commerce at a new Ain Shams University-affiliated campus in Obour City under a PPP framework, <a href=\"http:\/\/almalnews.com\/Story\/385884\/14\/-%D9%88%D8%AD%D8%AF%D8%A9-%D8%A7%D9%84%D8%B4%D8%B1%D8%A7%D9%83%D8%A9--%D8%AA%D8%B7%D8%B1%D8%AD-%D9%83%D9%84%D9%8A%D8%A9-%D8%AA%D8%AC%D8%A7%D8%B1%D8%A9-%D8%B9%D9%8A%D9%86-%D8%B4%D9%85%D8%B3-%D8%A8%D8%A7%D9%84%D8%B9%D8%A8%D9%88%D8%B1-%D8%A8%D8%B9%D8%AF-%D8%A7%D9%84%D8%B9%D9%8A%D8%AF\">unit head Atter Hannoura tells Al Mal<\/a>. The faculty is one of nine schools that are set be established at the new campus, according to Hannoura, who said that the project\u2019s booklet of conditions should be issued after the upcoming Eid Al Adha break. The government is also <a href=\"https:\/\/enterprise.press\/stories\/2018\/06\/14\/govt-to-tender-phase-two-of-the-ppp-schools-program-in-mid-july\/\">developing 200 schools<\/a> in partnership with the private sector.<\/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\/health-education\/\">Health + Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"625714\" 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=\"625714\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">13<\/div>\r\n\r\n                    <p class=\"f-graphik\">Banking + Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/13\/russian-hungarian-consortium-offers-to-finance-1300-railway-car-purchase\/\">\r\n                            Russian-Hungarian consortium offers to finance 1,300 railway car purchase                        <\/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\/13\/russian-hungarian-consortium-offers-to-finance-1300-railway-car-purchase\/\" 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\/13\/russian-hungarian-consortium-offers-to-finance-1300-railway-car-purchase\/')\">\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\/13\/russian-hungarian-consortium-offers-to-finance-1300-railway-car-purchase\/\">\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=Russian-Hungarian consortium offers to finance 1,300 railway car purchase&url=https:\/\/enterpriseam.com\/egypt\/2018\/08\/13\/russian-hungarian-consortium-offers-to-finance-1300-railway-car-purchase\/\">\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\/13\/russian-hungarian-consortium-offers-to-finance-1300-railway-car-purchase\/&title=Russian-Hungarian consortium offers to finance 1,300 railway car purchase\">\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=Russian-Hungarian+consortium+offers+to+finance+1%2C300+railway+car+purchase+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F08%2F13%2Frussian-hungarian-consortium-offers-to-finance-1300-railway-car-purchase%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\/13\/russian-hungarian-consortium-offers-to-finance-1300-railway-car-purchase\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-625714\" class=\"content-area-description single-story post-625714 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\/.ce952a99-9317-4b30-b76b-f3b5b625db9d.mp3\"><\/audio><\/figure>\n<p>A Russian-Hungarian banking consortium has offered to provide the Egyptian National Railways (ENR) with a loan to finance the purchase of 1,300 railway cars from Russia\u2019s Transmashholding, <a href=\"http:\/\/www.almasdar.com\/82002\">Al Masdar reports<\/a>. The loan would carry an interest rate of 1.8%. ENR had <a href=\"https:\/\/enterprise.press\/stories\/2018\/08\/06\/enr-selects-russias-transmashholding-to-supply-1300-railway-cars\/\">announced last week<\/a> that Transmashholding has been awarded the contract to supply the cars, for which Egypt will pay around EGP 17 bn.<\/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=\"625716\" 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=\"625716\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">14<\/div>\r\n\r\n                    <p class=\"f-graphik\">Egypt Politics + Economics<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/13\/mohammed-badie-and-four-others-sentenced-to-life-in-prison\/\">\r\n                            Mohammed Badie and four others sentenced to life in prison                        <\/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\/13\/mohammed-badie-and-four-others-sentenced-to-life-in-prison\/\" 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\/13\/mohammed-badie-and-four-others-sentenced-to-life-in-prison\/')\">\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\/13\/mohammed-badie-and-four-others-sentenced-to-life-in-prison\/\">\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=Mohammed Badie and four others sentenced to life in prison&url=https:\/\/enterpriseam.com\/egypt\/2018\/08\/13\/mohammed-badie-and-four-others-sentenced-to-life-in-prison\/\">\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\/13\/mohammed-badie-and-four-others-sentenced-to-life-in-prison\/&title=Mohammed Badie and four others sentenced to life in prison\">\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=Mohammed+Badie+and+four+others+sentenced+to+life+in+prison+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F08%2F13%2Fmohammed-badie-and-four-others-sentenced-to-life-in-prison%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\/13\/mohammed-badie-and-four-others-sentenced-to-life-in-prison\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-625716\" class=\"content-area-description single-story post-625716 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\/.b08c3533-f6eb-44a7-b877-072922e5c9f3.mp3\"><\/audio><\/figure>\n<p>A Cairo court sentenced yesterday ex-Ikhwan head Mohammed Badie and four others to life in prison on charges related to the killing of seven people in 2013, <a href=\"https:\/\/www.nytimes.com\/aponline\/2018\/08\/12\/world\/middleeast\/ap-ml-egypt.html\">according to the Associated Press<\/a>. Four others also received 10-15-year sentences on the same charges. The verdict, which can be appealed, is the latest life sentence to be handed down to Badie, who was also charged with \u201cinciting violence and planning attacks against the state.\u201d Separately, three defendants in another case were sentenced yesterday to death for forming and running the Ansar Al Sharia terrorist group, <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/309505\/Egypt\/Politics-\/Egypt-court-sentences--to-death-in-Ansar-AlSharia-.aspx\">Ahram Online reports<\/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\/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=\"625717\" 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=\"625717\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">15<\/div>\r\n\r\n                    <p class=\"f-graphik\">Sports<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/13\/powerlifters-sherif-osman-and-fatma-omar-secure-two-gold-medals-for-egypt-at-algiers-2018-world-para-powerlifting-african-championships\/\">\r\n                            Powerlifters Sherif Osman and Fatma Omar secure two gold medals for Egypt at Algiers 2018 World Para Powerlifting African Championships                        <\/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\/13\/powerlifters-sherif-osman-and-fatma-omar-secure-two-gold-medals-for-egypt-at-algiers-2018-world-para-powerlifting-african-championships\/\" 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\/13\/powerlifters-sherif-osman-and-fatma-omar-secure-two-gold-medals-for-egypt-at-algiers-2018-world-para-powerlifting-african-championships\/')\">\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\/13\/powerlifters-sherif-osman-and-fatma-omar-secure-two-gold-medals-for-egypt-at-algiers-2018-world-para-powerlifting-african-championships\/\">\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=Powerlifters Sherif Osman and Fatma Omar secure two gold medals for Egypt at Algiers 2018 World Para Powerlifting African Championships&url=https:\/\/enterpriseam.com\/egypt\/2018\/08\/13\/powerlifters-sherif-osman-and-fatma-omar-secure-two-gold-medals-for-egypt-at-algiers-2018-world-para-powerlifting-african-championships\/\">\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\/13\/powerlifters-sherif-osman-and-fatma-omar-secure-two-gold-medals-for-egypt-at-algiers-2018-world-para-powerlifting-african-championships\/&title=Powerlifters Sherif Osman and Fatma Omar secure two gold medals for Egypt at Algiers 2018 World Para Powerlifting African Championships\">\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=Powerlifters+Sherif+Osman+and+Fatma+Omar+secure+two+gold+medals+for+Egypt+at+Algiers+2018+World+Para+Powerlifting+African+Championships+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F08%2F13%2Fpowerlifters-sherif-osman-and-fatma-omar-secure-two-gold-medals-for-egypt-at-algiers-2018-world-para-powerlifting-african-championships%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\/13\/powerlifters-sherif-osman-and-fatma-omar-secure-two-gold-medals-for-egypt-at-algiers-2018-world-para-powerlifting-african-championships\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2018\/8\/1501.png?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"625718\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/13\/powerlifters-sherif-osman-and-fatma-omar-secure-two-gold-medals-for-egypt-at-algiers-2018-world-para-powerlifting-african-championships\/1501-png\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/8\/1501.png?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1501.png\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/8\/1501.png?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/8\/1501.png?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-625717\" class=\"content-area-description single-story post-625717 post type-post status-publish format-standard has-post-thumbnail hentry category-_newspack_sports tag-enterpriseam tag-sports wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>Sherif Osman and Fatma Omar will bring two gold medals home from their victories at the Algiers 2018 World Para Powerlifting African Championships yesterday, <a href=\"https:\/\/www.paralympic.org\/news\/algiers-2018-sherif-osman-extends-his-reign\">according to the tournament\u2019s official website<\/a>. Osman, who also won gold in the Rio 2016 Summer Paralympics, significantly outperformed the competition \u2014 clearing the bar at 206kg. Fatma Omar lifted 135kg to secure Egypt\u2019s second gold medal.<\/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\/sports\/\">sports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"625719\" 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=\"625719\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">16<\/div>\r\n\r\n                    <p class=\"f-graphik\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/13\/antiquities-ministry-releases-promo-on-sohag-national-museum\/\">\r\n                            Antiquities Ministry releases promo on Sohag National Museum                        <\/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\/13\/antiquities-ministry-releases-promo-on-sohag-national-museum\/\" 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\/13\/antiquities-ministry-releases-promo-on-sohag-national-museum\/')\">\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\/13\/antiquities-ministry-releases-promo-on-sohag-national-museum\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            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           <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Antiquities+Ministry+releases+promo+on+Sohag+National+Museum+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F08%2F13%2Fantiquities-ministry-releases-promo-on-sohag-national-museum%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\/13\/antiquities-ministry-releases-promo-on-sohag-national-museum\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2018\/8\/1013.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"625720\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/13\/antiquities-ministry-releases-promo-on-sohag-national-museum\/1013-jpg-14\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/8\/1013.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1013.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/8\/1013.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/8\/1013.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-625719\" class=\"content-area-description single-story post-625719 post type-post status-publish format-standard has-post-thumbnail hentry category-on-your-way-out tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>To commemorate the inauguration of the Sohag National Museum yesterday, the Antiquities Ministry released a short promotional documentary<\/strong> that showcases the new facility, which displays a collection of 945 artifacts from different eras unearthed from sites near the Upper Egyptian city (<a href=\"https:\/\/www.facebook.com\/moantiquities\/videos\/1904097492969225\/\">watch, runtime: 1:39<\/a>)<\/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=\"625721\" 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=\"625721\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">17<\/div>\r\n\r\n                    <p class=\"f-graphik\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/13\/625721\/\">\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\/13\/625721\/\" target=\"_blank\">\n                    Open in new tab 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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\/13\/625721\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-625721\" class=\"content-area-description single-story post-625721 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 17.83 | Sell 17.93<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 17.98<\/p>\n<p><strong>EGX30<\/strong> (Sunday): 15,924 (-1.2%)<br \/>\n <strong>Turnover:<\/strong> EGP 428 mn (51% below the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: +4.8%<\/p>\n<p><strong>THE MARKET ON SUNDAY:<\/strong> The EGX30 ended Sunday\u2019s session down 1.2%. CIB, the index heaviest constituent ended down 0.5%. EGX30\u2019s top performing constituents were IbnSina Pharma up 1.0%, AMOC up 0.2%, and Edita flat. Yesterday\u2019s worst performing stocks were Palm Hills down 6.2%, Orascom Construction down 3.5%, and EFG Hermes down 3.4%. The market turnover was EGP 428 mn, and regional investors were the sole net buyers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Short | EGP -10.0 mn<br \/>\n <strong>Regional<\/strong>: Net Long | EGP +25.5 mn<br \/>\n <strong>Domestic<\/strong>: Net Short | EGP -15.5 mn<\/p>\n<p><strong>Retail<\/strong>: 76.5% of total trades | 79.3% of buyers | 73.7% of sellers<br \/>\n <strong>Institutions<\/strong>: 23.5% of total trades | 20.7% of buyers | 26.3% of sellers<\/p>\n<p><strong>Foreign:<\/strong> 5.4% of total | 4.3% of buyers | 6.6% of sellers<br \/>\n <strong>Regional:<\/strong> 6.2% of total | 9.2% of buyers | 3.2% of sellers<br \/>\n <strong>Domestic:<\/strong> 88.4% of total | 86.6% of buyers | 90.2% of sellers<\/p>\n<hr class=\"grey-line\">\n<p><span style=\"color: #299a0b; font-weight: bold;\">***<br \/>\nPHAROS VIEW<\/span><\/p>\n<\/p>\n<p><strong>MPC to maintain rates at next meeting until conditions stabilize: <\/strong>Although inflation levels cooled in July compared to June, the central bank\u2019s Monetary Policy Committee (MPC) is still likely to keep key interest rates on hold when it meets this Thursday to allow the market more time to adjust to the sudden hike in prices. Pharos sees annual headline inflation rising to an average 13.2% in 1Q2018-19, up from an average 12.8% in the fourth quarter of FY2017-18, before it begins to ease after September, \u201conce the fiscal consolidation impact is fully absorbed by the economy and has fully reflected on the prices of goods and services, in addition to the end of back-to-school season.\u201d Inflation levels cooled in July after surging in June following a government decision to slash subsidies further and hike the costs of fuel and power. <a href=\"https:\/\/ent.news\/2018\/8\/809.pdf\">You can view the full report here (pdf)<\/a>.<\/p>\n<p><p><span style=\"color: #299a0b; font-weight: bold;\">***<\/span><\/p>\n<hr class=\"grey-line\">\n<p><strong>WTI:<\/strong> USD 67.59 (-0.06%)<br \/>\n <strong>Brent:<\/strong> USD 72.62 (-0.26%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 2.92 MMBtu, (-0.85%, September 2018 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,216.00 \/ troy ounce (-0.25%)<\/p>\n<p><strong>TASI:<\/strong> 8,064.92 (-1.36%) (YTD: +11.60%)<br \/>\n <strong>ADX:<\/strong> 4,844.55 (-0.56%) (YTD: +10.14%)<br \/>\n <strong>DFM:<\/strong> 2,889.45 (-1.05%) (YTD: -14.26%)<br \/>\n <strong>KSE Premier Market:<\/strong> 5,424.11 (-0.58%)<br \/>\n <strong>QE:<\/strong> 9,635.00 (-2.55%) (YTD: +13.04%)<br \/>\n <strong>MSM:<\/strong> 4,406.35 (-0.56%) (YTD: -13.59%)<br \/>\n <strong>BB: <\/strong>1,348.36 (-0.09%) (YTD: +1.25%)<\/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=\"625722\" 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\/13\/625722\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-625722\" class=\"content-area-description single-story post-625722 post type-post status-publish format-standard hentry category-calendar wpautop entry\">\n\n\t\t\t<hr class=\"wp-block-separator has-text-color has-primary-color has-alpha-channel-opacity has-primary-background-color has-background is-style-wide\">\n\n\t\t<h2 class=\"wp-block-heading mt-0 has-primary-color has-text-color has-link-color has-normal-font-size\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\">\n\t\t\t<strong> CALENDAR<\/strong>\n\t\t<\/h2>\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>16 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 September (Tuesday): Egypt\u2019s Emirates NBD PMI reading for August due.<\/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 October (Tuesday): First Conference on Sukuk (Sharia-compliant bonds), Cairo<\/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>25-27 October (Thursday-Saturday): <a href=\"https:\/\/acicaegypt.com\/\">57th ACI World Congress & 43rd ICA Annual Conference 2018<\/a>, Four Seasons Nile Plaza, 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    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":625687,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-625686","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"2a3acf4f-1182-4257-b815-5023555ceb63","teaser":"","photo_url":"https:\/\/ent.news\/2018\/1\/113.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>PMI says private sector recovering - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/issues\/pmi-says-private-sector-recovering\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" 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