{"id":626606,"date":"2018-07-08T04:11:32","date_gmt":"2018-07-08T04:11:32","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=626606"},"modified":"2025-12-17T09:14:30","modified_gmt":"2025-12-17T09:14:30","slug":"egypt-records-full-year-primary-budget-surplus","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/egypt-records-full-year-primary-budget-surplus\/","title":{"rendered":"Egypt records full-year primary budget surplus"},"content":{"rendered":"<section id=\"626608\" 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=\"626608\">\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\/07\/08\/lex-loves-egypt-and-so-does-citi\/\">\r\n                            Lex loves Egypt, and so does Citi                        <\/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\/07\/08\/lex-loves-egypt-and-so-does-citi\/\" 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\/07\/08\/lex-loves-egypt-and-so-does-citi\/')\">\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\/07\/08\/lex-loves-egypt-and-so-does-citi\/\">\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=Lex loves Egypt, and so does Citi&url=https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/lex-loves-egypt-and-so-does-citi\/\">\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\/07\/08\/lex-loves-egypt-and-so-does-citi\/&title=Lex loves Egypt, and so does Citi\">\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=Lex+loves+Egypt%2C+and+so+does+Citi+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F07%2F08%2Flex-loves-egypt-and-so-does-citi%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\/07\/08\/lex-loves-egypt-and-so-does-citi\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2018\/7\/1321.png?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"626609\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/lex-loves-egypt-and-so-does-citi\/1321-png\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/7\/1321.png?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1321.png\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/7\/1321.png?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/7\/1321.png?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-626608\" class=\"content-area-description single-story post-626608 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-enterpriseam tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_27645\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\">\n<p class=\"f-graphik\" style=\"font-size:14px\">Together with<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27482.svg\" alt=\"\" class=\"wp-image-27482\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><strong>There\u2019s plenty of \u2018meh\u2019 news for Egypt in the international press this morning<\/strong>, most of it our own doing (we have chapter and verse in Egypt in the News, below). After all, we appear now to live in a parallel dimension in which the Prosecutor General\u2019s Office is siding with a free press while the Press Syndicate takes the side of the censor, as we outline in Last Night\u2019s Talk Shows.<\/p><p>But let\u2019s start the week with two bright notes, shall we?<\/p><p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>Lex likes us\u2026<\/strong> In only its second mention of Egypt in the last five years, <u><a href=\"https:\/\/www.ft.com\/content\/6dc3a858-7f78-11e8-bc55-50daf11b720d\">the Financial Times\u2019 influential Lex column<\/a><\/u> gives Omm El Donia a nice shout-out. Lex notes the country\u2019s continued attractiveness to the carry trade, the nascent recovery in tourism, and the outperformance of the EGX relative to the MSCI EM gauge \u2014 and cites Carbon Holdings\u2019 USD 10.9 bn petrochemical complex as a \u201cglimpse of the future.\u201d \u201cProsaic industrial investment,\u201d Lex writes, will be more valuable in the long-run for Egypt than big dreams such as the USD 500 bn Egyptian arm of Neom, Saudi Arabia\u2019s planned robot utopia.<\/p><p><strong>\u2026and so does Citi. <\/strong>Frontier markets have had their worst half-year performance since 2012, Citi said as it released a six-month update to its FM ranking model, but all is not lost: <strong>Egypt remains the bank\u2019s fifth most attractive frontier economy<\/strong> from an investment point of view, behind Romania, Nigeria, Kuwait and Sri Lanka, the <u><a href=\"https:\/\/blogs.wsj.com\/frontiers\/2018\/07\/07\/this-week-on-the-frontiers-july-7th-2018\">Wall Street Journal<\/a><\/u> notes.<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-today\/\">What We&#039;re Tracking Today<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"626611\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span 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src=\"https:\/\/ent.news\/internal\/27489.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Opening up a world of opportunity<\/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-7qf9q4u\" data-v=\"4\" data-block-id=\"7qf9q4u\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-7qf9q4u-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-7qf9q4u-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\/240923.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/efghldg.com\/en\" 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stk-qulefmr-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240926.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.qalaaholdings.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/110691.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Driving growth<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" 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33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg><\/button><\/div><\/div><div class=\"stk-block-carousel__dots\" role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"626612\" 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=\"626612\">\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\">What We\u2019re Tracking This Week<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/what-were-tracking-this-week-4\/\">\r\n                            What we\u2019re tracking this week                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/what-were-tracking-this-week-4\/\" 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\/07\/08\/what-were-tracking-this-week-4\/')\">\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\/07\/08\/what-were-tracking-this-week-4\/\">\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&url=https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/what-were-tracking-this-week-4\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n     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       \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/what-were-tracking-this-week-4\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-626612\" class=\"content-area-description single-story post-626612 post type-post status-publish format-standard hentry category-what-were-tracking-this-week tag-enterpriseam tag-what-were-tracking-this-week wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Are folks with back-due taxes about to get a break? <\/strong>Finance Minister Mohamed Maait said a new initiative this week could \u201csupport businessmen with overdue tax payments to achieve the desired growth levels,\u201d <u><a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=05072018&id=385f7af9-063d-456c-b726-9bf320bd0a7e\">Al Shorouk reports<\/a><\/u>. The move comes a few weeks after the Central Bank of Egypt announced a separate initiative that could see some struggling companies offered a measure of <u><a href=\"https:\/\/enterprise.press\/stories\/2018\/06\/28\/cbe-launches-egp-16-8-bn-debt-relief-program\/\">debt relief<\/a><\/u>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-this-week\/\">What We\u2019re Tracking This Week<\/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=\"626613\" 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=\"626613\">\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\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/freedom-of-speech-was-the-theme-of-the-evening-on-the-airwaves-last-night\/\">\r\n                            Freedom of speech was the theme of the evening on the airwaves last night                        <\/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\/07\/08\/freedom-of-speech-was-the-theme-of-the-evening-on-the-airwaves-last-night\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Sadek overturned the gag order, calling Ahmed\u2019s decision an \u201cinfringement\u201d on press freedoms <u><a href=\"http:\/\/www.almalnews.com\/Story\/381687\/19\/%D8%A5%D8%AD%D8%A7%D9%84%D8%A9-%D9%85%D9%83%D8%B1%D9%85-%D9%85%D8%AD%D9%85%D8%AF-%D8%A3%D8%AD%D9%85%D8%AF-%D9%84%D9%84%D9%86%D9%8A%D8%A7%D8%A8%D8%A9-%D8%A8%D8%B3%D8%A8%D8%A8-%D9%88%D9%82%D9%81-%D8%A7%D9%84%D9%86%D8%B4%D8%B1-%D9%81%D9%8A-57357\">in a statement<\/a><\/u>. Summoning Ahmed for questioning \u201cis a highly unusual step given the seniority of his position and that he was hand-picked for the job by the president,\u201d <u><a href=\"https:\/\/www.washingtonpost.com\/world\/middle_east\/egypt-media-head-to-justify-gag-order-on-hospital-coverage\/2018\/07\/07\/f6a1842a-81f2-11e8-b3b5-b61896f90919_story.html?utm_term=.45b1ac9cfafd\">the Associated Press notes<\/a><\/u>. The story has received widespread coverage in the foreign press.<\/p>\n<p><strong>Ahmed took to the local press and the airwaves to defend his position<\/strong>, saying the move was necessary to \u201c<u><a href=\"http:\/\/www.almalnews.com\/Story\/381702\/19\/-%D9%85%D9%83%D8%B1%D9%85-%D8%A3%D8%AD%D9%85%D8%AF--%D9%84%D9%84%D9%86%D8%A7%D8%A6%D8%A8-%D8%A7%D9%84%D8%B9%D8%A7%D9%85-%D8%B9%D9%86-%D9%88%D8%A7%D9%82%D8%B9%D8%A9-%D9%85%D8%B3%D8%AA%D8%B4%D9%81%D9%8A-57357-%D9%82%D8%B1%D8%A7%D8%B1%D9%86%D8%A7-%D8%B5%D8%AD%D9%8A%D8%AD\">preserve the hospital\u2019s reputation<\/a><\/u>\u201d throughout the investigation. He tells Hona Al Asema that he had taken similar decisions in the past that were not met by such a backlash (<u><a href=\"https:\/\/www.youtube.com\/watch?v=OWxgIzKt_UE\">watch, runtime: 8:29<\/a><\/u>).<\/p>\n<p><strong>Ah, cronyism: Prosecutors are more interested in press freedoms than is the Press Syndicate.<\/strong> The Press Syndicate is standing by Ahmed, with syndicate boss Abdel Mohsen Salama saying he will accompany Makram when the latter meets prosecutors on Wednesday. Salama called in to Hona Al Asema (<u><a href=\"https:\/\/www.youtube.com\/watch?v=0XltGTp7DVo\">watch, runtime: 6:07<\/a><\/u>) and Masaa DMC (<u><a href=\"https:\/\/www.youtube.com\/watch?v=qwKXgbRvhQU\">watch, runtime: 7:12<\/a><\/u>) to defend Salama and his decision.<\/p>\n<p><strong>Lebanese tourist Mona El Mazbouh was sentenced to eight years in prison<\/strong> and a EGP 10,700 fine on Saturday on charges she \u201cdefamed\u201d Egypt and spreading false rumors \u201cthat aim to undermine society and attack religions,\u201d her lawyer Emad Kamal <u><a href=\"https:\/\/www.reuters.com\/article\/us-egypt-politics\/lebanese-tourist-sentenced-to-eight-years-in-prison-for-facebook-post-against-egypt-idUSKBN1JX0NJ\">tells Reuters<\/a><\/u>. El Mazbouh had posted a 10-minute video in which she used profanities to describe her harassment while on vacation in Egypt. Her arrest, along with another activist who posted her protest on Facebook, had brought Egypt heavy criticism over press freedoms, <u><a href=\"https:\/\/apnews.com\/d8be9e20a7bb4577a7aa025d7b6c5a07\/Lebanese-woman-sentenced-to-8-years-over-Egypt-insults-video\">notes the AP<\/a><\/u>.<\/p>\n<p><strong>Pundits are calling for the tourist\u2019s head<\/strong>, with lawyer Essam Aggag telling Masaa DMC that El Mazbouh should remain in custody for the duration of the appeals process. He said El Mazbouh\u2019s apology video should not count \u2014 and even attacked her lawyer for defending her (<u><a href=\"https:\/\/www.youtube.com\/watch?v=mPHN_MQ-MxM\">watch, runtime: 8:17<\/a><\/u>). <strong>Wait \u2014 a lawyer arguing a defendant has no right to legal counsel because she was \u2026 mean? <\/strong><\/p>\n<p><strong>FinMin continues to try and calm concerns on real estate levy:<\/strong> For the <u><a href=\"https:\/\/enterprise.press\/stories\/2018\/07\/03\/topping-the-economic-programing-was-talk-of-amendments-to-real-estate-taxations\/\">second time in under a week<\/a><\/u> Finance Ministry adviser Fathy Shaaban was on the airwaves to discuss a 2.5% tithe on real estate sales, reiterating that the tax has been in place in 1978 and would only impact property owners. <strong>He then delved into the nuances of the tax<\/strong>, saying that the penalties for not paying the tax, <u><a href=\"https:\/\/enterprise.press\/stories\/2018\/07\/03\/tenders-and-auctions-act-gets-renamed-as-public-contracts-act-after-receiving-preliminary-nod-from-parliaments-general-assembly\/\">which include denying<\/a><\/u> property owners power and water until they pay it, will applicable to both the buyer and seller of the property. Both sides of the transaction have 30 days from the sale to register it with the Finance Ministry and another 30 days to pay the tax. Failure to pay the tax will result in an annual fine of 13-14% of the sale, he noted. Realtors involved in the sale will also be obliged to ensure both parties have paid the tax (<u><a href=\"https:\/\/www.youtube.com\/watch?v=8u58O5uEzH8\">watch, runtime: 40:38<\/a><\/u>).<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-last-nights-talk-shows\/\">Enterprise+: Last Night\u2019s Talk Shows<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"626614\" 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=\"626614\">\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\">Speed Round<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/egypt-achieves-egp-4-bn-budget-surplus-for-first-time-in-15-years\/\">\r\n                            Egypt achieves EGP 4 bn budget surplus for first time in 15 years                        <\/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\/07\/08\/egypt-achieves-egp-4-bn-budget-surplus-for-first-time-in-15-years\/\" 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\/07\/08\/egypt-achieves-egp-4-bn-budget-surplus-for-first-time-in-15-years\/')\">\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\/07\/08\/egypt-achieves-egp-4-bn-budget-surplus-for-first-time-in-15-years\/\">\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 achieves EGP 4 bn budget surplus for first time in 15 years&url=https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/egypt-achieves-egp-4-bn-budget-surplus-for-first-time-in-15-years\/\">\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\/07\/08\/egypt-achieves-egp-4-bn-budget-surplus-for-first-time-in-15-years\/&title=Egypt achieves EGP 4 bn budget surplus for first time in 15 years\">\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+achieves+EGP+4+bn+budget+surplus+for+first+time+in+15+years+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F07%2F08%2Fegypt-achieves-egp-4-bn-budget-surplus-for-first-time-in-15-years%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\/07\/08\/egypt-achieves-egp-4-bn-budget-surplus-for-first-time-in-15-years\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-626614\" class=\"content-area-description single-story post-626614 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>Egypt records full-year primary budget surplus for first time in 15 years in FY2017-18: <\/strong>Egypt achieved a primary budget surplus of EGP 4 bn in FY2017-18, its first in 15 years, according to <u><a href=\"http:\/\/www.mof.gov.eg\/Arabic\/MOFNews\/Media\/Pages\/release-b-5-7-2018.aspx\">a Finance Ministry statement<\/a><\/u>. The figure translates to around 0.2% of GDP, Finance Minister Mohamed Maait <u><a href=\"https:\/\/www.reuters.com\/article\/egypt-economy\/update-2-egypt-says-has-primary-budget-surplus-as-seeks-to-revive-economy-idUSL8N1U12CA\">told the press on Thursday<\/a><\/u>, adding that the overall budget deficit is expected to have narrowed to 9.8% for the fiscal year just ended, \u201cslightly above the 9.1% [the government] said last year it was targeting.\u201d The Cabinet and House of Representatives had <u><a href=\"https:\/\/enterprise.press\/stories\/2018\/06\/13\/egypt-achieves-egp-2-bn-primary-budget-surplus-during-11m17-18\/\">signed off last month<\/a><\/u> on a EGP 70 bn overdraft for the current fiscal year to cover \u201cnecessary expenditures,\u201d including importing fuel at higher prices than had been anticipated. Former finance Minister Amr El Garhy had said that the overdraft would not impact the target deficit for the year.<\/p>\n<p>Building on the foundation set by Amr El Garhy, <strong>the Madbouly government is aiming for a primary surplus of 2% of GDP in FY2018-19<\/strong>, Maait added, on total revenues of around EGP 989 bn.<\/p>\n<p>Although Egypt is looking to wean itself off debt in the long run, <strong>Maait suggests that foreign-denominated bond issuance was coming in FY2018-19. <\/strong>The ministry still needs to set the size, scope and terms of the issuance with the Cabinet before announcing anything on this, he added.<\/p>\n<p><strong>Upcoming regulatory changes:<\/strong> The Finance Ministry is looking at what legislative and regulatory change will have to take place before the government issues <strong>sukuks<\/strong> (shariah-compliant bonds), Maait also said. Maait <u><a href=\"https:\/\/enterprise.press\/stories\/2018\/07\/05\/finmin-wants-to-start-selling-govt-bonds-on-the-egx-this-fiscal-year\/\">had previously told us<\/a><\/u> a sukuk offering was unlikely to be feasible this fiscal year. The ministry is also planning to institute <strong>amendments to the tax code<\/strong> in the coming two weeks, in time to catch what\u2019s left of the House of Representatives\u2019 current session, Maait said at a press conference. The change will focus on late payment of taxes and interest on overdue fees, Tax Authority boss Emad Samy <u><a href=\"https:\/\/alborsanews.com\/2018\/07\/05\/1113845\">reportedly said<\/a><\/u> at the same conference.<\/p>\n<p><strong>A faint signal that reform of the public service may be in the works? <\/strong>President Abdel Fattah El Sisi directed the Finance Ministry last week to begin reassessing public sector wages as part of the government\u2019s administrative reform drive, Maait said at the presser. He implied that public sector wages, which are covered under the Civil Service Act, are a mess, calling them \u201cdysfunctional.\u201d<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"626627\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"626628\" 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=\"626628\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">Image of the Day<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/a-world-cup-trophy-shaped-hookah-brings-together-egyptians-two-biggest-passions\/\">\r\n                            A World Cup trophy-shaped hookah brings together Egyptians\u2019 two biggest passions                        <\/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\/07\/08\/a-world-cup-trophy-shaped-hookah-brings-together-egyptians-two-biggest-passions\/\" 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\/07\/08\/a-world-cup-trophy-shaped-hookah-brings-together-egyptians-two-biggest-passions\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" 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           <\/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\/07\/08\/a-world-cup-trophy-shaped-hookah-brings-together-egyptians-two-biggest-passions\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2018\/7\/415.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"626629\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/a-world-cup-trophy-shaped-hookah-brings-together-egyptians-two-biggest-passions\/415-jpg-18\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/7\/415.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"415.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/7\/415.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/7\/415.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-626628\" class=\"content-area-description single-story post-626628 post type-post status-publish format-standard has-post-thumbnail hentry category-image-of-the-day tag-enterpriseam tag-image-of-the-day wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>A World Cup trophy-shaped hookah brings together Egyptians\u2019 two biggest passions:<\/strong> A World Cup trophy-shaped hookah has been a \u201cbig hit\u201d around cafes in Egypt after the Pharaohs exited the championship during the group stages following a disappointing run, <u><a href=\"https:\/\/www.reuters.com\/article\/us-soccer-worldcup-egy-hookah\/world-cup-trophy-hookah-pipe-a-hit-in-egypt-idUSKBN1JV2H6\">according to Reuters<\/a><\/u>. \u201cWe were not able to win the real World Cup, so we just got it as a shisha (hookah), Ramadan lantern and whichever way we can,\u201d one shisha enthusiast tells the newswire.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/image-of-the-day\/\">IMAGE OF THE DAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"626630\" 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=\"626630\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/its-a-thoroughly-meh-morning-for-egypt-in-the-international-press\/\">\r\n                            It\u2019s a thoroughly \u2018meh\u2019 morning for Egypt in the international press                        <\/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.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/its-a-thoroughly-meh-morning-for-egypt-in-the-international-press\/&title=It\u2019s a thoroughly \u2018meh\u2019 morning for Egypt in the international press\">\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=It%E2%80%99s+a+thoroughly+%E2%80%98meh%E2%80%99+morning+for+Egypt+in+the+international+press+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F07%2F08%2Fits-a-thoroughly-meh-morning-for-egypt-in-the-international-press%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\/07\/08\/its-a-thoroughly-meh-morning-for-egypt-in-the-international-press\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-626630\" class=\"content-area-description single-story post-626630 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><a name=\"_Hlk518792442\"><strong>It\u2019s a thoroughly \u2018meh\u2019 morning for Egypt in the international press<\/strong><\/a><strong>.<\/strong> Consider:<\/p>\n<ul>\n<li>A debate over free speech debate in which <u><a href=\"https:\/\/www.nytimes.com\/aponline\/2018\/07\/07\/world\/middleeast\/ap-ml-egypt-media.html\">prosecutors are siding with the press and the Press Syndicate with the censors<\/a><\/u>;<\/li>\n<li>A Lebanese tourist <u><a href=\"https:\/\/www.nytimes.com\/2018\/07\/07\/world\/africa\/egypt-sentences-lebanese-tourist.html\">sentenced to eight years<\/a><\/u> in jail for being mean to us all in a Facebook video;<\/li>\n<li>An appeals court siding with so-called <u><a href=\"https:\/\/www.theguardian.com\/world\/2018\/jul\/06\/legal-row-brewing-in-egypt-after-court-backs-bearded-police-officers\">\u201cbearded police officers\u201d<\/a><\/u> (read: Islamists) appealing their dismissal from service;<\/li>\n<li>The French saying a <u><a href=\"https:\/\/www.reuters.com\/article\/us-egyptair-crash-france\/french-say-cockpit-fire-likely-caused-2016-egyptair-crash-contradicting-egypt-idUSKBN1JX0B8\">cockpit fire<\/a><\/u> was likely behind a 2016 Egypt Air crash.<\/li>\n<\/ul>\n<p>Also this morning:<\/p>\n<p><strong>The Minya Textile City project maybe the industry\u2019s saving grace, <\/strong>Patrick Werr <u><a href=\"https:\/\/www.reuters.com\/article\/us-egypt-economy-exports\/for-egypts-exporters-benefits-of-devaluation-slow-to-emerge-idUSKBN1JV1OK\">writes in a piece for Reuters<\/a><\/u>, where he revisits a <u><a href=\"https:\/\/enterprise.press\/stories\/2016\/02\/14\/general-motors-assembling-today-ft-sees-devaluation-inevitable\/\">2016 argument<\/a><\/u> he had made claiming that textile exports stand to benefit from the EGP\u2019s flotation.<\/p>\n<p><strong>Egypt\u2019s emergence as a global energy hub is receiving foreign press attention once again.<\/strong> The country will continue to make strides towards that goal <a href=\"https:\/\/enterprise.press\/stories\/2018\/06\/10\/midor-signs-usd-1-7-bn-agreement-with-italys-technip-to-maximize-production\/\">as it uncovers more oil and gas reserves,<\/a><u><a href=\"https:\/\/www.offshore-technology.com\/comment\/egypt-makes-strides-towards-gas-self-sufficiency\/\">Indrajit Sen writes for MEED<\/a><\/u>, noting that there are \u201cprolific basins\u201d in the area around Zohr waiting to be tapped. Meanwhile, <u><a href=\"https:\/\/enterprise.press\/stories\/2018\/06\/10\/midor-signs-usd-1-7-bn-agreement-with-italys-technip-to-maximize-production\/\">MIDOR\u2019s USD 1.7 bn agreement<\/a><\/u> with Italy\u2019s Technip is another step in Egypt\u2019s drive to become a regional energy hub, <u><a href=\"https:\/\/thearabweekly.com\/egypt-overhauls-oil-refineries-push-become-regional-energy-hub\">according to Arab Weekly<\/a><\/u>.<\/p>\n<p><strong>US soybean exports to Egypt almost quadrupled in two months<\/strong> between April and June 2018, <u><a href=\"https:\/\/www.wsj.com\/articles\/u-s-soybean-exports-surged-last-quarter-1530906354?mod=searchresults&page=1&pos=2\">according to the WSJ<\/a><\/u>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-in-the-news\/\">Egypt in the News<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"626631\" 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=\"626631\">\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 watching<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/this-egyptian-entrepreneurs-garbage-for-food-barter-system-might-be-the-best-solution-weve-seen-for-our-waste-problem\/\">\r\n                            This Egyptian entrepreneur\u2019s garbage-for-food barter system might be the best solution we\u2019ve seen for our waste problem                        <\/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\/07\/08\/this-egyptian-entrepreneurs-garbage-for-food-barter-system-might-be-the-best-solution-weve-seen-for-our-waste-problem\/\" 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\/07\/08\/this-egyptian-entrepreneurs-garbage-for-food-barter-system-might-be-the-best-solution-weve-seen-for-our-waste-problem\/')\">\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\/07\/08\/this-egyptian-entrepreneurs-garbage-for-food-barter-system-might-be-the-best-solution-weve-seen-for-our-waste-problem\/\">\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=This Egyptian entrepreneur\u2019s garbage-for-food barter system might be the best solution we\u2019ve seen for our waste problem&url=https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/this-egyptian-entrepreneurs-garbage-for-food-barter-system-might-be-the-best-solution-weve-seen-for-our-waste-problem\/\">\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\/07\/08\/this-egyptian-entrepreneurs-garbage-for-food-barter-system-might-be-the-best-solution-weve-seen-for-our-waste-problem\/&title=This Egyptian entrepreneur\u2019s garbage-for-food barter system might be the best solution we\u2019ve seen for our waste problem\">\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=This+Egyptian+entrepreneur%E2%80%99s+garbage-for-food+barter+system+might+be+the+best+solution+we%E2%80%99ve+seen+for+our+waste+problem+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F07%2F08%2Fthis-egyptian-entrepreneurs-garbage-for-food-barter-system-might-be-the-best-solution-weve-seen-for-our-waste-problem%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\/07\/08\/this-egyptian-entrepreneurs-garbage-for-food-barter-system-might-be-the-best-solution-weve-seen-for-our-waste-problem\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2018\/7\/637.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"626632\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/this-egyptian-entrepreneurs-garbage-for-food-barter-system-might-be-the-best-solution-weve-seen-for-our-waste-problem\/637-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/7\/637.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"637.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/7\/637.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/7\/637.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-626631\" class=\"content-area-description single-story post-626631 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>Egyptian entrepreneur lauches garbage-for-food barter system:<\/strong> An Egyptian entrepreneur has launched Bekia, an online platform that allows people to exchange waste for food and other commodities, <u><a href=\"https:\/\/www.trtworld.com\/life\/barter-website-aims-to-end-egypt-s-waste-problem-18680\">according to TRT World<\/a><\/u>. Bekia accepts all forms of recyclable waste and gives users points that they can use to buy everything from food to refurbished electronics, co-founder Alaa Kamal says (runtime: 2:33).<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/worth-watching\/\">worth watching<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"626633\" 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=\"626633\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/egypt-hungary-sign-five-mous\/\">\r\n                            Egypt, Hungary sign five MoUs                        <\/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\/07\/08\/egypt-hungary-sign-five-mous\/\" 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\/07\/08\/egypt-hungary-sign-five-mous\/')\">\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\/07\/08\/egypt-hungary-sign-five-mous\/\">\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, Hungary sign five MoUs&url=https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/egypt-hungary-sign-five-mous\/\">\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\/07\/08\/egypt-hungary-sign-five-mous\/&title=Egypt, Hungary sign five MoUs\">\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+Hungary+sign+five+MoUs+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F07%2F08%2Fegypt-hungary-sign-five-mous%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\/07\/08\/egypt-hungary-sign-five-mous\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-626633\" class=\"content-area-description single-story post-626633 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-diplomacy-foreign-trade tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Egypt, Hungary sign five MoUs for investment, agriculture, ICT, sports:<\/strong> Egypt and Hungary signed on Thursday five MoUs to increase investments and cooperation in agriculture, ICT, sports, and accreditation, according to an Investment and International Cooperation <u><a href=\"https:\/\/ent.news\/2018\/7\/147.pdf\">Ministry statement (pdf)<\/a><\/u>. The agreements were signed on the sidelines of the third Egyptian-Hungarian Joint Committee on Economic, Scientific, and Technical Cooperation.<\/p>\n<p><strong>Egypt and Hungary are also set to sign an agreement in the next week or so to supply the Egyptian National Railways with 1,300 railway cars<\/strong>, Hungary\u2019s Parliamentary Affairs Minister Levente Magyar said, <u><a href=\"http:\/\/almalnews.com\/Story\/381538\/58\/-%D9%85%D8%B5%D8%B1-%D8%AA%D9%82%D8%AA%D8%B1%D8%A8-%D9%85%D9%86-%D8%AA%D9%88%D9%82%D9%8A%D8%B9-%D8%A3%D9%83%D8%A8%D8%B1-%D8%B5%D9%81%D9%82%D8%A9-%D8%AA%D8%AC%D8%A7%D8%B1%D9%8A%D8%A9-%D9%81%D9%8A-%D8%B9%D8%B1%D8%A8%D8%A7%D8%AA-%D8%A7%D9%84%D9%82%D8%B7%D8%A7%D8%B1%D8%A7%D8%AA-%D9%85%D8%B9--%D8%A7%D9%84%D9%85%D8%AC%D8%B1--\">according to Al Mal<\/a><\/u>. Hungary will amend the conditions of its offer ahead of the signing, according to Magyar. Transport Minister Hisham Arafat <u><a href=\"https:\/\/enterprise.press\/stories\/2018\/05\/21\/govt-to-select-winning-offer-for-1300-locomotive-supply-contracts-by-months-end\/\">had said previously<\/a><\/u> that the contract would be valued at around EGP 19-20 bn. The ministry had narrowed down the competition to two offers from a Hungarian-Russian consortium and a Chinese company.<\/p>\n<p><strong>Egypt, Sudan, Ethiopia agree on joint investment fund framework:<\/strong> Officials from Egypt, Sudan, and Ethiopia agreed on the goals and framework of a joint investment fund to finance development and investment projects, <u><a href=\"http:\/\/almalnews.com\/Story\/381601\/15\/%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D8%A7%D8%B3%D8%AA%D9%85%D8%B1%D8%A7%D8%B1-%D9%85%D9%86%D8%A7%D9%82%D8%B4%D8%A7%D8%AA-%D8%A5%D9%86%D8%B4%D8%A7%D8%A1-%D8%B5%D9%86%D8%AF%D9%88%D9%82-%D9%84%D8%AA%D9%85%D9%88%D9%8A%D9%84-%D9%85%D8%B4%D8%B1%D9%88%D8%B9%D8%A7%D8%AA-%D8%A8%D9%85%D8%B5%D8%B1-%D9%88%D8%A7%D9%84%D8%B3%D9%88%D8%AF%D8%A7%D9%86-%D9%88%D8%A5%D8%AB%D9%8A%D9%88%D8%A8%D9%8A%D8%A7\">Al Mal reports<\/a><\/u>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"626634\" 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=\"626634\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/arrears-to-oil-producers-are-now-below-pre-2011-levels-el-molla-promises-no-more-subsidy-cuts-this-calendar-year\/\">\r\n                            Arrears to oil producers are now below pre-2011 levels, El Molla promises no more subsidy cuts this calendar year                        <\/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\/07\/08\/arrears-to-oil-producers-are-now-below-pre-2011-levels-el-molla-promises-no-more-subsidy-cuts-this-calendar-year\/\" 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\/07\/08\/arrears-to-oil-producers-are-now-below-pre-2011-levels-el-molla-promises-no-more-subsidy-cuts-this-calendar-year\/')\">\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\/07\/08\/arrears-to-oil-producers-are-now-below-pre-2011-levels-el-molla-promises-no-more-subsidy-cuts-this-calendar-year\/\">\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=Arrears to oil producers are now below pre-2011 levels, El Molla promises no more subsidy cuts this calendar year&url=https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/arrears-to-oil-producers-are-now-below-pre-2011-levels-el-molla-promises-no-more-subsidy-cuts-this-calendar-year\/\">\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\/07\/08\/arrears-to-oil-producers-are-now-below-pre-2011-levels-el-molla-promises-no-more-subsidy-cuts-this-calendar-year\/&title=Arrears to oil producers are now below pre-2011 levels, El Molla promises no more subsidy cuts this calendar year\">\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=Arrears+to+oil+producers+are+now+below+pre-2011+levels%2C+El+Molla+promises+no+more+subsidy+cuts+this+calendar+year+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F07%2F08%2Farrears-to-oil-producers-are-now-below-pre-2011-levels-el-molla-promises-no-more-subsidy-cuts-this-calendar-year%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\/07\/08\/arrears-to-oil-producers-are-now-below-pre-2011-levels-el-molla-promises-no-more-subsidy-cuts-this-calendar-year\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-626634\" class=\"content-area-description single-story post-626634 post type-post status-publish format-standard hentry category-energy tag-energy tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.78865206-7669-48c7-903d-02adf4fd6ae8.mp3\"><\/audio><\/figure>\n<p>Egypt\u2019s arrears to oil producers have fallen to their lowest levels yet, coming in at USD 1.2 bn at the end of FY2017-18, lower than the previous trough of USD 1.35 bn in 2010, Oil Minister Tarek El Molla <u><a href=\"http:\/\/www.petroleum.gov.eg\/ar\/MediaCenter\/LocalNews\/Pages\/mop_05072018_01.aspx\">announced on Thursday<\/a><\/u>. Egypt intends to fully repay amounts owed to international oil companies by the end of 2019, he said. Total arrears are down from <u><a href=\"https:\/\/enterprise.press\/stories\/2018\/02\/21\/egypt-to-make-next-arrears-payment-in-march\/\">USD 2.1 bn in February<\/a><\/u>.Sources had <u><a href=\"https:\/\/enterprise.press\/stories\/2018\/07\/03\/egypt-plans-to-pay-usd-200-500-mn-in-arrears-to-oil-producers-by-end-september-will-small-players-get-any-of-it\/\">said earlier this month<\/a><\/u> that the EGPC was planning to deliver USD 200-500 mn in payments to producers before the end of September 2018.<\/p>\n<p>The oil and gas sector is expected to drive economic growth this fiscal year as production from the Zohr gas field ramps up and focus turns towards turning Egypt into a regional export hub, El Molla said at a Thursday press conference (<u><a href=\"https:\/\/www.youtube.com\/watch?v=8T3SUwLOIKo\">watch, runtime: 16:13<\/a><\/u>). Production from Zohr is on track to hit 1.75 bcf\/d by the end of August, up from a current 1.2 bcf\/d and <u><a href=\"https:\/\/enterprise.press\/stories\/2018\/05\/13\/eni-launches-third-production-unit-at-egypts-zohr-gas-field\/\">on its way to reach<\/a><\/u> c. 2 bfc\/d by the end of 2018. Exploration work on the Noor gas field is also expected to start in two months\u2019 time, according to the minister.<\/p>\n<p>No more fuel subsidy cuts this year:\u00a0El Molla promised no further cuts to fuel subsidies this year, <u><a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/3\/12\/306383\/Business\/Economy\/Egypts-Petroleum-Minister-says-no-further-fuel-pri.aspx\">Ahram Online reports<\/a><\/u>. \u201cThere will be no hike in fuel prices in Egypt during this [calendar] year,\u201d El Molla said late Friday in a phone in to Mehwar TV. Egypt had hiked fuel prices by around 50% on average for consumers and industry late last month, the third such move since the IMF Extended Fund Facility was signed.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"626636\" 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=\"626636\">\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\">Infrastructure<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/ida-signs-egp-4-bn-contracts-with-sdm-pyramids-industrial-parks-to-develop-4-mn-sqm-in-sadat-city\/\">\r\n                            IDA signs EGP 4 bn contracts with SDM, Pyramids Industrial Parks to develop 4 mn sqm in Sadat City                        <\/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\/07\/08\/ida-signs-egp-4-bn-contracts-with-sdm-pyramids-industrial-parks-to-develop-4-mn-sqm-in-sadat-city\/\" 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\/07\/08\/ida-signs-egp-4-bn-contracts-with-sdm-pyramids-industrial-parks-to-develop-4-mn-sqm-in-sadat-city\/')\">\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\/07\/08\/ida-signs-egp-4-bn-contracts-with-sdm-pyramids-industrial-parks-to-develop-4-mn-sqm-in-sadat-city\/\">\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=IDA signs EGP 4 bn contracts with SDM, Pyramids Industrial Parks to develop 4 mn sqm in Sadat City&url=https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/ida-signs-egp-4-bn-contracts-with-sdm-pyramids-industrial-parks-to-develop-4-mn-sqm-in-sadat-city\/\">\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\/07\/08\/ida-signs-egp-4-bn-contracts-with-sdm-pyramids-industrial-parks-to-develop-4-mn-sqm-in-sadat-city\/&title=IDA signs EGP 4 bn contracts with SDM, Pyramids Industrial Parks to develop 4 mn sqm in Sadat City\">\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=IDA+signs+EGP+4+bn+contracts+with+SDM%2C+Pyramids+Industrial+Parks+to+develop+4+mn+sqm+in+Sadat+City+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F07%2F08%2Fida-signs-egp-4-bn-contracts-with-sdm-pyramids-industrial-parks-to-develop-4-mn-sqm-in-sadat-city%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\/07\/08\/ida-signs-egp-4-bn-contracts-with-sdm-pyramids-industrial-parks-to-develop-4-mn-sqm-in-sadat-city\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-626636\" class=\"content-area-description single-story post-626636 post type-post status-publish format-standard hentry category-infrastructure tag-enterpriseam tag-infrastructure 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\/7\/.2b40e741-56a3-48b4-8b93-62ea5ff9b2f0.mp3\"><\/audio><\/figure>\n<p>The Industrial Development Authority (IDA) signed contracts on Thursday with Elsewedy Group subsidiary SDM and Pyramids Industrial Parks to develop two 2 mn sqm industrial zones in Sadat City at a combined investment cost of EGP 4 bn, <u><a href=\"http:\/\/almalnews.com\/Story\/381635\/14\/%D8%A5%D9%86%D8%B4%D8%A7%D8%A1-%D9%85%D9%86%D8%B7%D9%82%D8%AA%D9%8A%D9%86-%D8%B5%D9%86%D8%A7%D8%B9%D9%8A%D8%AA%D9%8A%D9%86-%D8%A8%D8%A7%D9%84%D8%B9%D8%A7%D8%B4%D8%B1-%D8%A8%D8%AA%D9%83%D9%84%D9%81%D8%A9-4-%D9%85%D9%84%D9%8A%D8%A7%D8%B1%D8%A7%D8%AA-%D8%AC%D9%86%D9%8A%D9%87\">Al Mal reports<\/a><\/u>. Under the contracts, the two companies will be required to complete Infrastructure and development works and hand over the land to investors within two years, according to IDA head Ahmed Abdel Razek.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure\/\">infrastructure<\/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=\"626637\" 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=\"626637\">\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\">Basic Materials + Commodities<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/egyptian-chinese-black-sands-company-to-invest-usd-24-mn-in-first-phase-mineral-extraction\/\">\r\n                            Egyptian-Chinese Black Sands Company to invest USD 24 mn in first phase mineral extraction                        <\/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\/07\/08\/egyptian-chinese-black-sands-company-to-invest-usd-24-mn-in-first-phase-mineral-extraction\/\" 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\/07\/08\/egyptian-chinese-black-sands-company-to-invest-usd-24-mn-in-first-phase-mineral-extraction\/')\">\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\/07\/08\/egyptian-chinese-black-sands-company-to-invest-usd-24-mn-in-first-phase-mineral-extraction\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egyptian-Chinese Black Sands Company to invest USD 24 mn in first phase mineral extraction&url=https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/egyptian-chinese-black-sands-company-to-invest-usd-24-mn-in-first-phase-mineral-extraction\/\">\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\/07\/08\/egyptian-chinese-black-sands-company-to-invest-usd-24-mn-in-first-phase-mineral-extraction\/&title=Egyptian-Chinese Black Sands Company to invest USD 24 mn in first phase mineral extraction\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egyptian-Chinese+Black+Sands+Company+to+invest+USD+24+mn+in+first+phase+mineral+extraction+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F07%2F08%2Fegyptian-chinese-black-sands-company-to-invest-usd-24-mn-in-first-phase-mineral-extraction%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\/07\/08\/egyptian-chinese-black-sands-company-to-invest-usd-24-mn-in-first-phase-mineral-extraction\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-626637\" class=\"content-area-description single-story post-626637 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\/7\/.2b5aae08-7510-4600-aa1b-37147c14636d.mp3\"><\/audio><\/figure>\n<p>The Egyptian-Chinese Black Sands Company is planning to invest USD 24 mn in the first phase of its mineral extraction project in Ghalyoun Lake, Deputy Chairman Ahmed Shaltout said, <u><a href=\"http:\/\/www.ahram.org.eg\/News\/202700\/5\/659541\/%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF\/-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D9%84%D8%A7%D8%B3%D8%AA%D8%AE%D8%B1%D8%A7%D8%AC-%D8%A7%D9%84%D9%85%D8%B9%D8%A7%D8%AF%D9%86-%D9%85%D9%86-%D8%A7%D9%84%D8%B1%D9%85%D8%A7%D9%84-.aspx\">Al Ahram reports<\/a><\/u>. The company, a <u><a href=\"https:\/\/enterprise.press\/stories\/2018\/06\/13\/egyptian-black-sands-company-forms-jv-with-chinese-partner\/\">JV between the Egyptian Black Sands Company and an unnamed Chinese investor<\/a><\/u>, expects to extract 500k tonnes of minerals per annum for domestic use and exports.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/basic-materials-commodities\/\">Basic Materials + Commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"626639\" 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=\"626639\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">Tourism<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/thomas-cook-targets-500k-tourists-to-egypt-in-2018\/\">\r\n                            Thomas Cook targets 500k tourists to Egypt in 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\/07\/08\/thomas-cook-targets-500k-tourists-to-egypt-in-2018\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/thomas-cook-targets-500k-tourists-to-egypt-in-2018\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/thomas-cook-targets-500k-tourists-to-egypt-in-2018\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Thomas Cook targets 500k tourists to Egypt in 2018&url=https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/thomas-cook-targets-500k-tourists-to-egypt-in-2018\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/thomas-cook-targets-500k-tourists-to-egypt-in-2018\/&title=Thomas Cook targets 500k tourists to Egypt in 2018\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Thomas+Cook+targets+500k+tourists+to+Egypt+in+2018+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F07%2F08%2Fthomas-cook-targets-500k-tourists-to-egypt-in-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\/07\/08\/thomas-cook-targets-500k-tourists-to-egypt-in-2018\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-626639\" class=\"content-area-description single-story post-626639 post type-post status-publish format-standard hentry category-tourism tag-enterpriseam tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.3c47d9bf-0969-43b7-85d4-79606d84c4e6.mp3\"><\/audio><\/figure>\n<p>Thomas Cook is planning to bring in 500k tourists to Egypt this year from various countries, <u><a href=\"https:\/\/www.alborsanews.com\/2018\/07\/07\/1114061\">said Moudy El Shaer<\/a><\/u>, chairman of Blue Sky Travel, which markets travel packages for Thomas Cook. The company reported a 50% y-o-y jump in the number of inbound tourists during 1H2018, according to El Shaer. Marsa Alam and Hurghada are seeing the biggest jump in bookings, while winter bookings to Luxor are up 20% y-o-y. Thomas Cook raised the number of its trips to Egypt, especially from Germany to Sharm El Sheikh, he added.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"626641\" 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=\"626641\">\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\">Automotive + Transportation<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/transport-housing-ministries-to-issue-terms-for-alamein-ain-sokhna-train-new-capital-monorail\/\">\r\n                            Transport, housing ministries to issue terms for Alamein-Ain Sokhna train, new capital monorail                        <\/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\/07\/08\/transport-housing-ministries-to-issue-terms-for-alamein-ain-sokhna-train-new-capital-monorail\/\" 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\/07\/08\/transport-housing-ministries-to-issue-terms-for-alamein-ain-sokhna-train-new-capital-monorail\/')\">\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\/07\/08\/transport-housing-ministries-to-issue-terms-for-alamein-ain-sokhna-train-new-capital-monorail\/\">\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=Transport, housing ministries to issue terms for Alamein-Ain Sokhna train, new capital monorail&url=https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/transport-housing-ministries-to-issue-terms-for-alamein-ain-sokhna-train-new-capital-monorail\/\">\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\/07\/08\/transport-housing-ministries-to-issue-terms-for-alamein-ain-sokhna-train-new-capital-monorail\/&title=Transport, housing ministries to issue terms for Alamein-Ain Sokhna train, new capital monorail\">\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=Transport%2C+housing+ministries+to+issue+terms+for+Alamein-Ain+Sokhna+train%2C+new+capital+monorail+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F07%2F08%2Ftransport-housing-ministries-to-issue-terms-for-alamein-ain-sokhna-train-new-capital-monorail%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\/07\/08\/transport-housing-ministries-to-issue-terms-for-alamein-ain-sokhna-train-new-capital-monorail\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-626641\" class=\"content-area-description single-story post-626641 post type-post status-publish format-standard hentry category-automotive-transportation tag-automotive-transportation 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\/7\/.58974f2a-fec6-46e6-a69b-95d2df436285.mp3\"><\/audio><\/figure>\n<p>The transport and housing ministries are set to issue the terms and conditions for the tenders for the Alamein-Ain Sokhna train and the new capital-6 October City monorail projects this week, unidentified sources <u><a href=\"http:\/\/almalnews.com\/Story\/381483\/58\/%D8%B7%D8%B1%D8%AD-%D9%83%D8%B1%D8%A7%D8%B3%D8%A9-%D8%B4%D8%B1%D9%88%D8%B7-%D8%A7%D9%84%D9%82%D8%B7%D8%A7%D8%B1-%D8%A7%D9%84%D8%B3%D8%B1%D9%8A%D8%B9-%D9%88%D9%85%D9%88%D9%86%D9%88%D8%B1%D9%8A%D9%84-6-%D8%A3%D9%83%D8%AA%D9%88%D8%A8%D8%B1-%D8%A7%D9%84%D8%A3%D8%B3%D8%A8%D9%88%D8%B9-%D8%A7%D9%84%D9%85%D9%82%D8%A8%D9%84\">tell Al Mal<\/a><\/u>. The tender will be opened to 16 local and international companies and consortia that had pre-qualified for the two projects.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/automotive-transportation\/\">Automotive + Transportation<\/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=\"626642\" 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=\"626642\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">14<\/div>\r\n\r\n                    <p class=\"f-graphik\">Other Business News of Note<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/green-valley-to-invest-egp-35-mn-to-reclaim-1000-feddans-to-plant-olives\/\">\r\n                            Green Valley to invest EGP 35 mn to reclaim 1,000 feddans to plant olives                        <\/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\/07\/08\/green-valley-to-invest-egp-35-mn-to-reclaim-1000-feddans-to-plant-olives\/\" 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\/07\/08\/green-valley-to-invest-egp-35-mn-to-reclaim-1000-feddans-to-plant-olives\/')\">\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\/07\/08\/green-valley-to-invest-egp-35-mn-to-reclaim-1000-feddans-to-plant-olives\/\">\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=Green Valley to invest EGP 35 mn to reclaim 1,000 feddans to plant olives&url=https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/green-valley-to-invest-egp-35-mn-to-reclaim-1000-feddans-to-plant-olives\/\">\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\/07\/08\/green-valley-to-invest-egp-35-mn-to-reclaim-1000-feddans-to-plant-olives\/&title=Green Valley to invest EGP 35 mn to reclaim 1,000 feddans to plant olives\">\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=Green+Valley+to+invest+EGP+35+mn+to+reclaim+1%2C000+feddans+to+plant+olives+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F07%2F08%2Fgreen-valley-to-invest-egp-35-mn-to-reclaim-1000-feddans-to-plant-olives%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\/07\/08\/green-valley-to-invest-egp-35-mn-to-reclaim-1000-feddans-to-plant-olives\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-626642\" class=\"content-area-description single-story post-626642 post type-post status-publish format-standard hentry category-other-business-news-of-note tag-enterpriseam tag-other-business-news-of-note wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.d221a249-a7c5-464f-90a0-37a6804bcac0.mp3\"><\/audio><\/figure>\n<p><u><a href=\"http:\/\/www.greenvalley-egypt.com\/gvr.aspx\">Green Valley for Reclamation and Agriculture<\/a><\/u> is planning to invest EGP 35 mn to reclaim 1,000 feddans in Wadi El Natrun to plant olives, Managing Director Sayed El Sammak <u><a href=\"http:\/\/almalnews.com\/Story\/381500\/11\/%C2%AB%D8%AC%D8%B1%D9%8A%D9%86-%D9%81%D8%A7%D9%84%D9%89%C2%BB-%D8%AA%D8%B3%D8%AA%D8%AB%D9%85%D8%B1-35-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AC%D9%86%D9%8A%D9%87-%D9%84%D8%A7%D8%B3%D8%AA%D8%B5%D9%84%D8%A7%D8%AD-1000-%D9%81%D8%AF%D8%A7%D9%86\">tells Al Mal<\/a><\/u>. The company expects to pick its first harvest to take place in three years\u2019 time, according to El Sammak.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/other-business-news-of-note\/\">Other Business News of Note<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"626643\" 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=\"626643\">\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\">Legislation + Policy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/house-prepares-unifying-legislation-to-govern-state-retail-outlets\/\">\r\n                            House prepares unifying legislation to govern state retail outlets                        <\/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\/07\/08\/house-prepares-unifying-legislation-to-govern-state-retail-outlets\/\" 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\/07\/08\/house-prepares-unifying-legislation-to-govern-state-retail-outlets\/')\">\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\/07\/08\/house-prepares-unifying-legislation-to-govern-state-retail-outlets\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=House prepares unifying legislation to govern state retail outlets&url=https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/house-prepares-unifying-legislation-to-govern-state-retail-outlets\/\">\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\/07\/08\/house-prepares-unifying-legislation-to-govern-state-retail-outlets\/&title=House prepares unifying legislation to govern state retail outlets\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=House+prepares+unifying+legislation+to+govern+state+retail+outlets+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F07%2F08%2Fhouse-prepares-unifying-legislation-to-govern-state-retail-outlets%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\/07\/08\/house-prepares-unifying-legislation-to-govern-state-retail-outlets\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-626643\" class=\"content-area-description single-story post-626643 post type-post status-publish format-standard hentry category-legislation-policy tag-enterpriseam tag-legislation-policy wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.99d8f5d8-2fb2-478a-8bff-798520b24fe9.mp3\"><\/audio><\/figure>\n<p>The House of Representatives is looking to introduce new legislation to govern government cooperatives, according to Rep. Abdel Hady Kassabi, <u><a href=\"http:\/\/almalnews.com\/Story\/381587\/19\/%D8%B1%D8%A6%D9%8A%D8%B3-%D8%AA%D8%B6%D8%A7%D9%85%D9%86-%D8%A7%D9%84%D9%86%D9%88%D8%A7%D8%A8-%D9%82%D8%A7%D9%86%D9%88%D9%86-%D9%85%D9%88%D8%AD%D8%AF-%D9%84%D9%84%D8%AA%D8%B9%D8%A7%D9%88%D9%86%D9%8A%D8%A7%D8%AA-%D9%84%D9%85%D9%88%D8%A7%D8%AC%D9%87%D8%A9-%D8%A7%D9%84%D8%AA%D8%BA%D9%8A%D8%B1%D8%A7%D8%AA-%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A%D8%A9-\">Al Mal reports<\/a><\/u>. A House committee met last week to begin reviewing the separate laws on state retail outlets, which they claim have not been updated in 28 years, with the aim of amending them to create one universal law to govern the different types of outlets that sell subsidized commodities.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/legislation-policy\/\">Legislation + Policy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"626644\" 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=\"626644\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">16<\/div>\r\n\r\n                    <p class=\"f-graphik\">Egypt Politics + Economics<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/cairo-criminal-court-sentences-14-to-life-in-prison-for-ikhwan-membership\/\">\r\n                            Cairo Criminal Court sentences 14 to life in prison for Ikhwan membership                        <\/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\/07\/08\/cairo-criminal-court-sentences-14-to-life-in-prison-for-ikhwan-membership\/\" 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\/07\/08\/cairo-criminal-court-sentences-14-to-life-in-prison-for-ikhwan-membership\/')\">\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\/07\/08\/cairo-criminal-court-sentences-14-to-life-in-prison-for-ikhwan-membership\/\">\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=Cairo Criminal Court sentences 14 to life in prison for Ikhwan membership&url=https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/cairo-criminal-court-sentences-14-to-life-in-prison-for-ikhwan-membership\/\">\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\/07\/08\/cairo-criminal-court-sentences-14-to-life-in-prison-for-ikhwan-membership\/&title=Cairo Criminal Court sentences 14 to life in prison for Ikhwan membership\">\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=Cairo+Criminal+Court+sentences+14+to+life+in+prison+for+Ikhwan+membership+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F07%2F08%2Fcairo-criminal-court-sentences-14-to-life-in-prison-for-ikhwan-membership%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\/07\/08\/cairo-criminal-court-sentences-14-to-life-in-prison-for-ikhwan-membership\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-626644\" class=\"content-area-description single-story post-626644 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\/7\/.325c0c11-0cd9-4bf1-8a4f-df98b7d70d28.mp3\"><\/audio><\/figure>\n<p>A Cairo Criminal Court sentenced 14 people to life in prison on Thursday on charges of belonging to the outlawed Ikhwan, \u201cpossessing firearms, violating citizens\u2019 personal freedoms, and disrupting constitutional provisions,\u201d <u><a href=\"https:\/\/www.nytimes.com\/aponline\/2018\/07\/05\/world\/middleeast\/ap-ml-egypt-muslim-brotherhood.html\">the Associated Press reports<\/a><\/u>. Six other defendants were handed down 15-year sentences and another defendant was given a 10-year prison sentence. The verdicts can be appealed.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-politics-economics\/\">Egypt Politics + Economics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"626645\" 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=\"626645\">\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\">National Security<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/egypt-to-buy-another-24-rafale-fighter-jets-from-france-this-year\/\">\r\n                            Egypt to buy another 24 Rafale fighter jets from France this year?                        <\/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\/07\/08\/egypt-to-buy-another-24-rafale-fighter-jets-from-france-this-year\/\" 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\/07\/08\/egypt-to-buy-another-24-rafale-fighter-jets-from-france-this-year\/')\">\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\/07\/08\/egypt-to-buy-another-24-rafale-fighter-jets-from-france-this-year\/\">\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 to buy another 24 Rafale fighter jets from France this year?&url=https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/egypt-to-buy-another-24-rafale-fighter-jets-from-france-this-year\/\">\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\/07\/08\/egypt-to-buy-another-24-rafale-fighter-jets-from-france-this-year\/&title=Egypt to buy another 24 Rafale fighter jets from France this year?\">\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+to+buy+another+24+Rafale+fighter+jets+from+France+this+year%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F07%2F08%2Fegypt-to-buy-another-24-rafale-fighter-jets-from-france-this-year%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\/07\/08\/egypt-to-buy-another-24-rafale-fighter-jets-from-france-this-year\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-626645\" class=\"content-area-description single-story post-626645 post type-post status-publish format-standard hentry category-national-security tag-enterpriseam tag-national-security wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.8f24cf5d-3bd9-4fd8-83e8-a3b8ce57ce21.mp3\"><\/audio><\/figure>\n<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> Egypt could ink an agreement with France as early as this year to purchase another 24 Rafale fighter jets, <u><a href=\"https:\/\/www.latribune.fr\/entreprises-finance\/industrie\/aeronautique-defense\/exportations-d-armes-pourquoi-2018-sera-bien-mieux-que-2007-pour-la-france-783984.html\">French daily La Tribune reported last Wednesday<\/a><\/u>, citing statements made by French Armed Force Minister Florence Parly in April. Egypt had quietly signed a communications agreement with the US <u><a href=\"https:\/\/enterprise.press\/stories\/2018\/05\/02\/egypt-signed-communications-security-agreement-with-us-in-january-to-upgrade-its-weapons-capabilities-purchase-scalp-equipped-rafale-jets\/\">back in January<\/a><\/u>, removing an obstacle that had been blocking the sale of 12 Rafale fighter jets from France\u2019s Dassault Aviation, equipped with US-made Scalp cruise missiles. The US had refused the sale claiming it violates US International Air Traffic in Arms Regulations. Egypt has received 14 of 24 jets from its original <u><a href=\"https:\/\/enterprise.press\/stories\/2017\/12\/03\/egypt-receives-last-three-rafale-fighter-jets-from-france\/\">EUR 5.2 bn order<\/a><\/u> to date, <u><a href=\"https:\/\/defence-blog.com\/aviation\/egypt-plans-procure-additional-rafale-fighter-jets.html\">according to Defence Blog<\/a><\/u>. The news comes as Egyptian and French naval forces have conducted joint drills in the Red Sea over the past several days, according to an <u><a href=\"https:\/\/www.facebook.com\/EgyArmySpox\/posts\/1335885216542457\">Armed Forces statement<\/a><\/u>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/national-security\/\">national security<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"626646\" 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=\"626646\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">18<\/div>\r\n\r\n                    <p class=\"f-graphik\">Sports<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/egyptian-football-players-face-fines-intl-bans-for-paid-interviews-at-world-cup\/\">\r\n                            Egyptian football players face fines, int\u2019l bans for paid interviews at World Cup                        <\/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\/07\/08\/egyptian-football-players-face-fines-intl-bans-for-paid-interviews-at-world-cup\/\" 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\/07\/08\/egyptian-football-players-face-fines-intl-bans-for-paid-interviews-at-world-cup\/')\">\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\/07\/08\/egyptian-football-players-face-fines-intl-bans-for-paid-interviews-at-world-cup\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egyptian football players face fines, int\u2019l bans for paid interviews at World Cup&url=https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/egyptian-football-players-face-fines-intl-bans-for-paid-interviews-at-world-cup\/\">\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\/07\/08\/egyptian-football-players-face-fines-intl-bans-for-paid-interviews-at-world-cup\/&title=Egyptian football players face fines, int\u2019l bans for paid interviews at World Cup\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egyptian+football+players+face+fines%2C+int%E2%80%99l+bans+for+paid+interviews+at+World+Cup+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F07%2F08%2Fegyptian-football-players-face-fines-intl-bans-for-paid-interviews-at-world-cup%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\/07\/08\/egyptian-football-players-face-fines-intl-bans-for-paid-interviews-at-world-cup\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-626646\" class=\"content-area-description single-story post-626646 post type-post status-publish format-standard hentry category-_newspack_sports tag-enterpriseam tag-sports wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.5db43367-a06c-4011-84a4-74740937abbb.mp3\"><\/audio><\/figure>\n<p>Some players from Egypt\u2019s national football team are facing fines and bans on playing internationally after reportedly accepting up to USD 5,000 for giving unauthorized interviews to a Saudi television channel at the World Cup, Egyptian Football Association (EFA) head Hany Abo Rida said, <u><a href=\"http:\/\/www.espn.in\/football\/egypt\/story\/3556970\/egypt-players-face-bans-after-unauthorised-interviews\">ESPN reports<\/a><\/u>. According to Abo Rida, the interviews violate the EFA\u2019s sponsorship agreements. The EFA boss did not disclose the names of the players that are facing the potential ban.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sports\/\">sports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"626647\" 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=\"626647\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">19<\/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\/07\/08\/night-ext-selected-as-first-egyptian-film-to-participate-in-2018-cairo-international-film-festival\/\">\r\n                            Night\/Ext selected as first Egyptian film to participate in 2018 Cairo International Film Festival                        <\/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\/07\/08\/night-ext-selected-as-first-egyptian-film-to-participate-in-2018-cairo-international-film-festival\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The film follows the story of three individuals \u201cbreaking the social norm and flirting with its boundaries\u201d after meeting one night. Last year\u2019s edition of the festival did not feature any Egyptian entries, <u><a href=\"https:\/\/ara.reuters.com\/article\/entertainmentNews\/idARAKBN1JT1RW\">Reuters\u2019 Arabic service notes<\/a><\/u>. The festival runs from 20-29 November.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"626649\" 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=\"626649\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">20<\/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\/07\/08\/626649\/\">\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\/07\/08\/626649\/\" 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\/07\/08\/626649\/')\">\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\/07\/08\/626649\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=&url=https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/626649\/\">\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\/07\/08\/626649\/&title=\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F07%2F08%2F626649%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\/07\/08\/626649\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-626649\" class=\"content-area-description single-story post-626649 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 17.84 | Sell 17.94<br \/>\n <strong>EGP \/ USD at NBE: <\/strong>Buy 17.78 | Sell 17.88<\/p>\n<p><strong>EGX30<\/strong> (Thursday): 16,125 (-1.1%)<br \/>\n <strong>Turnover:<\/strong> EGP 829 mn (17% below the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: +7.4%<\/p>\n<p><strong>THE MARKET ON THURSDAY:<\/strong> The EGX30 ended Thursday\u2019s session down 1.1%. CIB, the index heaviest constituent ended down 1.3%. EGX30\u2019s top performing constituents were Pioneers Holding up 4.9%, Telecom Egypt up 1.6%, and Orascom Construction up 0.7%. Thursday\u2019s worst performing stocks were Heliopolis Housing down 4.5%, Palm Hills down 4.2%, and Porto Group down 3.7%. The market turnover was EGP 829 mn, and foreign investors were the sole net sellers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Short | EGP -178.9 mn<br \/>\n <strong>Regional<\/strong>: Net Long | EGP +34.4 mn<br \/>\n <strong>Domestic<\/strong>: Net Long | EGP +144.5 mn<\/p>\n<p><strong>Retail<\/strong>: 45.7% of total trades | 49.7% of buyers | 41.7% of sellers<br \/>\n <strong>Institutions<\/strong>: 54.3% of total trades | 50.3% of buyers | 58.3% of sellers<\/p>\n<p><strong>Foreign:<\/strong> 19.6% of total | 12.0% of buyers | 27.2% of sellers<br \/>\n <strong>Regional:<\/strong> 6.7% of total | 8.2% of buyers | 5.3% of sellers<br \/>\n <strong>Domestic:<\/strong> 73.7% of total | 79.8% of buyers | 67.6% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 73.80 (+1.18%)<br \/>\n <strong>Brent:<\/strong> USD 77.11 (-0.36%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 2.86 MMBtu, (+0.74%, August 2018 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,255.80 \/ troy ounce (-0.24%)<\/p>\n<p><strong>TASI:<\/strong> 8,177.61 (-0.85%) (YTD: +13.16%)<br \/>\n <strong>ADX:<\/strong> 4,603.20 (+0.20%) (YTD: +4.66%)<br \/>\n <strong>DFM:<\/strong> 2,880.42 (+0.67%) (YTD: -14.53%)<br \/>\n <strong>KSE Premier Market:<\/strong> 5,180.40 (+0.95%)<br \/>\n <strong>QE:<\/strong> 9,259.95 (+0.32%) (YTD: +8.64%)<br \/>\n <strong>MSM:<\/strong> 4,523.79 (+0.02%) (YTD: -11.29%)<br \/>\n <strong>BB: <\/strong>1,330.82 (+0.63%) (YTD: -0.07%)<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-market-yesterday\/\">The Market Yesterday<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"626650\" 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\/07\/08\/626650\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-626650\" class=\"content-area-description single-story post-626650 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 July (Monday): Cairo Court of Appeals to issue ruling on EGP 5.6 bn antitrust case against pharma companies including Ibnsina.<\/p>\n<p>23 July (Monday): Revolution Day, national holiday.<\/p>\n<p>16 August (Thursday): CBE\u2019s Monetary Policy Committee meeting.<\/p>\n<p>21-25 August (Tuesday-Saturday): Eid Al Adha (TBC), national holiday.<\/p>\n<p>28-29 August (Tuesday-Wednesday): CI Capital\u2019s 5th Annual Egypt Equities Conference, Cape Town, South Africa.<\/p>\n<p>04-05 September (Tuesday-Wednesday): <u><a href=\"https:\/\/www.euromoneyconferences.com\/event\/a01D000001355HLIAY\/the-euromoney-egypt-conference-2018\">Euromoney Egypt Conference 2018<\/a><\/u>, Cairo.<\/p>\n<p>10-13 September (Monday-Thursday): <u><a href=\"https:\/\/8londonconference.efghermes.com\/pages\/home.aspx\">EFG Hermes\u2019 8th Annual London Conference<\/a><\/u>, Emirates Arsenal Stadium, London.<\/p>\n<p>11 September (Tuesday): Islamic New Year (TBC), national holiday.<\/p>\n<p>20-23 September (Thursday-Sunday): 2018 Automech Formula car expo, Cairo International Convention Center, Nasr City, Cairo.<\/p>\n<p>22 September (Saturday): New academic year begins for public schools, universities.<\/p>\n<p>24-25 September (Monday-Tuesday): <u><a href=\"http:\/\/www.arqaamconference.com\/\">Arqaam Capital MENA Investors Conference 2018<\/a><\/u>, Four Seasons Resorts, Dubai.<\/p>\n<p>24-25 September (Monday-Tuesday): <u><a href=\"https:\/\/egyptwaterdesalination.iqpc.com\/\">Egypt Water Desalination Forum<\/a><\/u>, venue TBD.<\/p>\n<p>27 September (Thursday): CBE\u2019s Monetary Policy Committee meeting.<\/p>\n<p>06 October (Saturday): Armed Forces Day, national holiday.<\/p>\n<p>23-24 October (Tuesday-Wednesday): <u><a href=\"http:\/\/platforms-root-technologies.com\/icec-2018\/\">Intelligent Cities Exhibition & Conference 2018<\/a><\/u>, Fairmont Towers Heliopolis, Cairo.<\/p>\n<p>15 November (Thursday): CBE\u2019s Monetary Policy Committee meeting.<\/p>\n<p>20 November (Tuesday): Prophet's Birthday (TBC), national holiday.<\/p>\n<p>22 November (Thursday): US Thanksgiving.<\/p>\n<p>25-28 November (Sunday-Wednesday): 22nd Cairo ICT, Cairo Convention Center, Nasr City, Cairo.<\/p>\n<p>03-05 December (Monday-Wednesday): <u><a href=\"https:\/\/www.egyptdefenceexpo.com\/\">First Egypt Defense Expo<\/a><\/u>, Egyptian International Exhibition Center, Cairo.<\/p>\n<p>25 December (Tuesday): Western Christmas.<\/p>\n<p>27 December (Thursday): CBE\u2019s Monetary Policy Committee meeting.<\/p>\n<p>01 January 2019 (Tuesday): New Year's Day, national holiday.<\/p>\n<p>07 January 2019 (Monday): Coptic Christmas.<\/p>\n<p>25 January 2019 (Friday): Police Day, national holiday.<\/p>\n<p>25 April 2019 (Thursday): Sinai Liberation day, national holiday.<\/p>\n<p>28 April 2019 (Sunday): Easter Sunday, national holiday.<\/p>\n<p>29 April 2019 (Monday): Easter Monday, national holiday.<\/p>\n<p>01 May 2019 (Wednesday): Labor Day, national holiday.<\/p>\n<p>06 May 2019 (Monday): First day of Ramadan (TBC).<\/p>\n<p>05-06 June 2019 (Wednesday-Thursday): Eid El Fitr (TBC).<\/p>\n\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":626607,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-626606","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"0e4ce02a-9a2b-49af-b18b-bf6c0e2a2446","teaser":"","photo_url":"https:\/\/ent.news\/2020\/12\/172.jpg"},"yoast_head":"<!-- This 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