{"id":627037,"date":"2018-07-18T03:53:54","date_gmt":"2018-07-18T03:53:54","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=627037"},"modified":"2025-12-17T09:29:37","modified_gmt":"2025-12-17T09:29:37","slug":"companies-piloting-privatization-program-unveiled","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/companies-piloting-privatization-program-unveiled\/","title":{"rendered":"Companies piloting privatization program unveiled"},"content":{"rendered":"<section id=\"627039\" 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=\"627039\">\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\/18\/what-were-tracking-on-17-july-2018\/\">\r\n                            What we\u2019re tracking on 17 July 2018                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/what-were-tracking-on-17-july-2018\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The House has been rushing to complete discussions on the Madbouly Cabinet\u2019s policy program after House Speaker Ali Abdel Aal warned Reps. that the term could be extended to August if they\u2019re unable to get through their full agenda by the end of next week. The committee tasked with reviewing the program has concluded its report and is recommending that a vote of confidence be given to the Madbouly Cabinet.<\/p><p><strong>Ruling on Ibnsina antitrust case postponed to September:<\/strong> The Cairo Economic Court decided to postpone its ruling on Ibnsina Pharma\u2019s appeal of antitrust sanctions imposed in a case brought by the Egyptian Competition Authority to 18 September, <a href=\"http:\/\/www.almalnews.com\/Story\/382989\/11\/%D8%AA%D8%A3%D8%AC%D9%8A%D9%84-%D8%A7%D9%84%D8%AD%D9%83%D9%85-%D9%81%D9%89-%D8%AF%D8%B9%D9%88%D9%89-%D8%B6%D8%AF--%D8%A7%D8%A8%D9%86-%D8%B3%D9%8A%D9%86%D8%A7-%D9%84%D9%84%D8%A3%D8%AF%D9%88%D9%8A%D8%A9--%D9%84%D8%AC%D9%84%D8%B3%D8%A9-18-%D8%B3%D8%A8%D8%AA\">Al Mal reports<\/a>. The court had ruled in March that Ibnsina, United Pharma, Ramco Pharma and Multipharma had colluded to cut credit periods and slash discounts to small and medium sized pharmacies. The companies were fined a total of EGP 5.6 bn.<\/p><p><strong>Egypt gets some love from the IMF with some advice on the way forward:<\/strong> IMF Egypt Mission Chief Subir Lall laid down where he sees Egypt\u2019s focus, challenges, and opportunities for how best to move forward from here. In <a href=\"https:\/\/www.imf.org\/en\/News\/Articles\/2018\/07\/16\/na071618-egypt-moving-forward-key-challenges-and-opportunities\">a piece published on the IMF\u2019s website<\/a>, Lall sees that the most important issues that face Egypt over the coming years are tied to a rapidly growing population, the modernization of its economy, and how best to ensure a modern social safety net to protect the most vulnerable in society.<\/p><p><strong>To tackle these issues<\/strong>, Lall recommends taking advantage of the 3.5 mn Egyptians projected to enter the workforce in the next five years, and the best way to do that is to strengthen the private sector. \u201cif Egypt can support the emergence of a strong and vibrant private sector to productively employ this emerging generation of workers,\u201d he said. He also urged the state to progress with modernizing the economy through shedding of subsidies and empowering SMEs, while continuing to ensure a strong safety net.<\/p><p><strong>Lall took stock of what was already done, praising the economic reform measures<\/strong> during an <a href=\"https:\/\/www.youm7.com\/story\/2018\/7\/17\/%D9%85%D8%AF%D9%8A%D8%B1-%D8%A8%D8%B9%D8%AB%D8%A9-%D8%A7%D9%84%D9%86%D9%82%D8%AF-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%89-%D8%A7%D9%84%D8%AC%D9%87%D8%A7%D8%B2-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%81%D9%89-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%89-%D9%85%D8%B3%D8%AA%D9%82%D8%B1-%D9%88%D8%A3%D8%AA%D9%88%D9%82%D8%B9-%D8%AA%D8%B1%D8%A7%D8%AC%D8%B9\/3875984\">interview with the state-owned MENA<\/a>. He commended the central bank\u2019s monetary policy for helping contain inflation, as well as government efforts to shore up the social safety net. Egypt recently received the fourth USD 2 bn tranche of its USD 12 bn Extended Fund Facility with the IMF, after passing the <a href=\"https:\/\/enterprise.press\/stories\/2018\/07\/15\/imf-releases-third-review-of-egypts-reform-program\/\">third review of the economic reform agenda<\/a> with flying colors.<\/p><p><strong>IMF is not as happy with Bahrain:<\/strong> Bahrain needs a comprehensive package of reforms to reduce its fiscal deficits over the medium term, the IMF said. \"Despite planned fiscal consolidation measures, fiscal and external deficits are projected to continue over the medium term, due to the large and growing interest bill,\" <a href=\"https:\/\/www.imf.org\/en\/News\/Articles\/2018\/07\/13\/pr18294-kingdom-of-bahrain-imf-executive-board-concludes-2018-article-iv-consultation\">IMF\u2019s Executive Board said in a report<\/a> on Sunday. \"Public debt is expected to increase further over the medium term and reserves are projected to remain low.\" The statements come as the kingdom is seeking to secure crucial support from rich neighbors to avoid a currency devaluation.<\/p><p><strong>Fed pushes for gradually increasing rates amid strengthening economy:<\/strong> US Federal Reserve Chairman Jerome Powell \u201cbelieves that - for now - the best way forward is to keep gradually raising the federal funds rate\u201d in a way that keeps pace with a strengthening economy but does not increase rates so high or so fast that it weakens growth. In a written testimony to the Senate Banking Committee on Tuesday, Powell dismissed the notion that the Trump administration's trade war would cause a disruption, adding that the job market will remain strong and inflation will stay near 2% over the next several years, <a href=\"https:\/\/www.reuters.com\/article\/us-usa-fed-powell\/feds-powell-years-of-strong-jobs-low-inflation-still-ahead-idUSKBN1K71PQ\">according to Reuters<\/a>.<\/p><p><strong>What does this mean for EMs?<\/strong> All this to say that emerging markets, already reeling from higher interest rates, an appreciating USD, and fallout from the Trump trade war have some pain to look forward to.<\/p><p><strong>Why is Indonesia bucking the EM zombie apocalypse? Because it raised rates:<\/strong> Indonesia appears to be surviving the EM sovereign bond sell-offs, as institutional buyers are piling into Indonesian bonds, Stefania Palma <a href=\"https:\/\/www.ft.com\/content\/632b6fa8-858a-11e8-96dd-fa565ec55929?tagToFollow=9fcbd277-102b-4669-b9ee-502c81922ab3\">writes for the FT<\/a>. \u201cThere are more long-term investors committed to Indonesia than in the past,\u201d said Roland Mieth, EM portfolio manager at Pimco. Indonesia has moved to raise rates higher and the currency has weakened, with the country\u2019s local-currency sovereign bonds offer desirable returns. It continues to be at risk so long as the Fed appears to be moving to raise rates and foreigners hold 38% of the country\u2019s local-currency debt.<\/p><p><a id=\"tldr-story-07\" class=\"content-anchor\"><\/a> <strong>Fund managers have turned \u201cincreasingly bearish\u201d about global growth,<\/strong>\u201c according to a survey compiled by Bank of America Merrill Lynch <a href=\"https:\/\/www.ft.com\/content\/cbd978ce-89a9-11e8-bf9e-8771d5404543\">picked up by the Financial Times<\/a>. The survey found that \u201cmore respondents now thought global profits would not improve over the next 12 months than expect them to get better. A net 9% expect them to stay the same or get worse \u2014 the gloomiest assessment since February 2016,\u201d notes the salmon-colored paper.<\/p><p><strong>Solomon to replace Blankfein at Goldman Sachs helm as of October: <\/strong>David Solomon will be replacing Lloyd Blankfein as CEO of Goldman Sachs Group as of 1 October. \u201cThe news, announced Tuesday \u2014 after more than a year of jockeying, choreography and speculation \u2014 fully and finally sets in motion one of the most significant succession plays on Wall Street,\u201d <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-07-17\/goldman-says-solomon-will-succeed-blankfein-as-ceo-in-october\">Bloomberg said yesterday<\/a>. \u201cThe handover is taking place as Goldman Sachs diversifies away from its trading operations, a traditional profit center, and pushes deeper into newer areas like consumer lending.\u201d<\/p><p><strong>US President Donald Trump may have finally found a politically-costly gaffe<\/strong>, after going soft on Russian president Vladimir Putin on US allegations that Russia meddled in the 2016 elections. He even praised Putin for denying and condemning the results of the US investigation. Trump now is back-peddling after his comments received widespread condemnation from politicians and voters across party lines, <a href=\"https:\/\/www.reuters.com\/article\/us-usa-russia-summit-trump\/trump-says-he-has-confidence-in-u-s-agencies-on-russia-misspoke-in-helsinki-idUSKBN1K72FL\">Reuters reports<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-today\/\">What We&#039;re Tracking Today<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627040\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">     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Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/talking-heads-served-up-a-mixed-bag-of-nuts\/\">\r\n                            Talking heads served up a mixed bag of nuts                        <\/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\/18\/talking-heads-served-up-a-mixed-bag-of-nuts\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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heads served up a mixed bag of nuts&url=https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/talking-heads-served-up-a-mixed-bag-of-nuts\/\">\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\/18\/talking-heads-served-up-a-mixed-bag-of-nuts\/&title=Talking heads served up a mixed bag of nuts\">\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=Talking+heads+served+up+a+mixed+bag+of+nuts+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F07%2F18%2Ftalking-heads-served-up-a-mixed-bag-of-nuts%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\/18\/talking-heads-served-up-a-mixed-bag-of-nuts\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627041\" class=\"content-area-description single-story post-627041 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-enterprise-last-nights-talk-shows tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>It was a mixed bag on the airwaves last night<\/strong>, with the talking heads covering everything from the latest and greatest from the House of Representatives to new updates on ration cards. Topping the economic programing was our friend <strong>CIB Chairman Hisham Ezz Al Arab\u2019s sit-down with Masaa DMC\u2019s Osama Kamal<\/strong>.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>Ezz Al Arab discussed the global banking system\u2019s shift towards digital platforms<\/strong>, noting that most banks around the world are moving towards cutting down the number of branches they operate and going digital instead. This paradigm is difficult to apply in Egypt, however, since it necessitates certain legislative and infrastructural changes, Ezz El Arab said (<a href=\"https:\/\/www.youtube.com\/watch?v=Sf_AfV2qPc8\">watch, runtime: 5:42<\/a>).<\/p>\n<p>On a separate note, <strong>Ezz Al Arab swiftly quashed rumors that CIB was recently involved in defrauding a retail client<\/strong>. The issue arose when a client of the bank lodged a complaint against a customer service employee, whom the client accused of fraud. The bank looked into the complaint and, after a thorough review of the client\u2019s transactions, concluded that the issue is unrelated to the bank, Ezz El Arab said. He also dispelled a separate rumor that one of the bank\u2019s branch managers had fled the country after stealing a sizeable sum from clients\u2019 deposits at CIB (<a href=\"https:\/\/www.youtube.com\/watch?v=IU5OskLXh3Y\">watch, runtime: 5:30<\/a> and <a href=\"https:\/\/www.youtube.com\/watch?v=MIF0opLqiws&t=38s\">runtime: 6:05<\/a>).<\/p>\n<p><strong>Kamal also noted that the London Business School chose to feature CIB as the first regional company case study. <\/strong>This was largely because of its \u201cuse of data in day-to-day decision-making,\u201d Academic Director of the university\u2019s Leadership Institute Randall Peterson told Kamal. Peterson also lauded the bank and its leadership for the great strides it has taken in developing its services (<a href=\"https:\/\/www.youtube.com\/watch?v=wjsoD_yGYsE\">watch, runtime: 11:51<\/a>).<\/p>\n<p><strong>The House of Representatives \u201chas no choice\u201d but to approve the Madbouly government\u2019s policy program<\/strong>, since there is no alternative to opt for, Rep. Moataz Mahmoud told Hona Al Asema\u2019s Dina Zahraa (<a href=\"https:\/\/www.youtube.com\/watch?v=X94hOvNrtUU&t=5s\">watch, runtime: 3:19<\/a>). Talk about a vote of confidence. The House has prepared a 500-page report in response to the program, which shows the amount of effort invested in its review, Rep. Ahmed El Segeny said (<a href=\"https:\/\/www.youtube.com\/watch?v=TlgSTBosYF8\">watch, runtime: 2:13<\/a>).<\/p>\n<p><strong>Elsewhere in parliament, several reps. are under threat of being stripped of their membership for \u201cdisrupting\u201d parliament\u2019s work<\/strong>, Rep. Salah Hasaballah told Zahraa. Parliament\u2019s disciplinary committee is currently looking into reports filed against four representatives, and Parliamentary Speaker Ali Abdel Aal will ultimately decide whether to bring the issue to a vote in the general assembly (<a href=\"https:\/\/www.youtube.com\/watch?v=8ZVQsCxz3SE\">watch, runtime: 7:43<\/a>).<\/p>\n<p><strong>The Supply Ministry will allow subsidy benefactors to add newborns to their family data as of August<\/strong>, with the data updates expected to be reflected in each family\u2019s monthly rations by the end of the year, ministry spokesman Ahmed Kamal said (<a href=\"https:\/\/www.youtube.com\/watch?v=SBkBwPVbm1Y\">watch, runtime: 4:23<\/a>).<\/p>\n<p><strong>Egypt has made good progress on its reforms, despite the difficulties accompanying these measures<\/strong>, former executive director of the Egyptian Center for Economic Studies Sherif El Diwany told Masaa DMC\u2019s Osama Kamal. El Diwany tipped his hat to the government for the reforms and the central bank for its monetary policy, saying that he has reason to believe inflation could drop below 10%. He also stressed the importance of increasing competition in the Egyptian market to raise the quality of goods and services provided, and called on Egyptians to take the lead in investing in the country (<a href=\"https:\/\/www.youtube.com\/watch?v=C-NVShMXYs8\">watch, runtime: 12:16<\/a>).<\/p>\n<p><strong>Sudan\u2019s ambassador to Egypt Abdel Mahmoud Abdel Halim touched on Egyptian-Sudanese relations<\/strong> ahead of President Abdel Fattah El Sisi\u2019s upcoming visit to Khartoum in a phone-in to Al Hayah fi Masr. According to Abdel Halim, El Sisi and Sudanese President Omar Al Bashir have met over 20 times during the past three years alone (<a href=\"https:\/\/www.youtube.com\/watch?v=cNFl1M-30KI\">watch, runtime: 4:26<\/a>).<\/p>\n<p>Antiquities Ministry\u2019s Mostafa Al Waziri called on Yahduth fi Masr to talk about the <strong>recent discovery of a large black granite sarcophagus in Alexandria<\/strong> (<a href=\"https:\/\/www.facebook.com\/YahdothFiMasr\/videos\/627706700940973\/\">watch, runtime: 4:15<\/a>).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-last-nights-talk-shows\/\">Enterprise+: Last Night\u2019s Talk Shows<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627042\" 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=\"627042\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">Speed Round<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/govt-names-five-companies-to-pilot-privatization-program\/\">\r\n                            Gov\u2019t names five companies to pilot privatization program                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/govt-names-five-companies-to-pilot-privatization-program\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/govt-names-five-companies-to-pilot-privatization-program\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/govt-names-five-companies-to-pilot-privatization-program\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Gov\u2019t names five companies to pilot privatization program&url=https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/govt-names-five-companies-to-pilot-privatization-program\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/govt-names-five-companies-to-pilot-privatization-program\/&title=Gov\u2019t names five companies to pilot privatization program\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Gov%E2%80%99t+names+five+companies+to+pilot+privatization+program+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F07%2F18%2Fgovt-names-five-companies-to-pilot-privatization-program%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/govt-names-five-companies-to-pilot-privatization-program\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627042\" class=\"content-area-description single-story post-627042 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>Gov\u2019t names five companies to pilot privatization program:<\/strong> The Madbouly Cabinet announced the five state companies that will pilot the state privatization program on Tuesday. Alexandria Mineral Oils Company (AMOC), Eastern Tobacco, Alexandria Container and Cargo Handling, Abou Kir Fertilizers, and Heliopolis Housing will lead the program, <a href=\"http:\/\/www.cabinet.gov.eg\/Arabic\/MediaCenter\/CabinetNews\/Pages\/gov2.aspx\">according to a cabinet statement<\/a>. As all the companies are already listed, this initial wave will only see share sales and no IPO. The cabinet had decided on the size of the stake sale as well as a timeline for the program at a meeting yesterday, but these were not announced. A source had told us last month that Eastern Tobacco will likely pilot the program in September with a 4% stake sale.<\/p>\n<p><strong>El Sisi pushed for the announcement:<\/strong> Finance Minister Mohamed Maait was <a href=\"https:\/\/enterprise.press\/stories\/2018\/07\/04\/state-privatization-program-timeline-could-roll-out-before-the-end-of-next-week-look-for-eastern-stake-sale-and-enppi-listing-to-lead-in-september-and-october\/\">supposed to have announced<\/a> the program following a cabinet meeting this week or next. The cabinet\u2019s statement from yesterday noted that President Abdel Fattah El Sisi had pushed for the announcement early.<\/p>\n<p><strong>Just in the nick of time?<\/strong> The announcement, which was long awaited, comes following numerous delays, which appear to have caused some consternation in the investment community. Egypt has the capacity to drum up enough interest to sell stakes from four major public companies on the EGX this year, but time is running short, Renaissance Capital MENA CEO Ahmed Badr <a href=\"https:\/\/enterprise.press\/stories\/2018\/07\/17\/privatization-program-can-drum-up-enough-interest-but-does-the-government-still-have-time\/\">told Bloomberg<\/a> in an interview on Monday. The program was first teased back in 2016, with the government initially looking to launch the program in 2017.<\/p>\n<p><strong>More details to come?<\/strong> It had been widely anticipated that the announcement of the program will come with details on the timeline and the size of the stake sales. We expect these to come out sometime in the coming few weeks.<\/p>\n<p><strong>Heliopolis Housing prepares to hire investment bank to manage additional stake sale under state privatization program: <\/strong>State-owned Heliopolis for Housing and Development is in talks with a number of investment banks to manage upcoming stake sale on the EGX under the government\u2019s privatization program, Vice President and MD Wael Youssef said yesterday, <a href=\"http:\/\/almalnews.com\/Story\/382954\/12\/%C2%AB%D9%85%D8%B5%D8%B1-%D8%A7%D9%84%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9%C2%BB-%D8%AA%D8%AE%D8%A7%D8%B7%D8%A8-%D8%A8%D9%86%D9%88%D9%83-%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-%D9%84%D8%A5%D8%AC%D8%B1%D8%A7%D8%A1-%D9%85%D9%86%D8%A7%D9%82%D8%B5%D8%A9-%D9%85%D8%B3%D8%AA%D8%B4%D8%A7%D8%B1-%D8%A7%D9%84%D8%B7%D8%B1%D8%AD\">Al Mal reports<\/a>. The list of names includes our friends at<strong> Pharos and EFG Hermes, as well as Beltone Financial, CI Capital, Arqaam, Eagle, and Al Ahly Capital<\/strong>, he said. The company will make a final decision by 31 August at the latest. Youssef did not specify the size of the stake sale. Heliopolis Housing currently has c. 27.6% of its shares listed on the EGX.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/speed-round\/\">SPEED ROUND<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627054\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627055\" 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=\"627055\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">Up Next<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/what-were-tracking-this-week-and-beyond-119\/\">\r\n                            What we\u2019re tracking this week and beyond                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/what-were-tracking-this-week-and-beyond-119\/\" 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\/18\/what-were-tracking-this-week-and-beyond-119\/')\">\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\/18\/what-were-tracking-this-week-and-beyond-119\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=What we\u2019re tracking this week and beyond&url=https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/what-were-tracking-this-week-and-beyond-119\/\">\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\/18\/what-were-tracking-this-week-and-beyond-119\/&title=What we\u2019re tracking this week and beyond\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=What+we%E2%80%99re+tracking+this+week+and+beyond+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F07%2F18%2Fwhat-were-tracking-this-week-and-beyond-119%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\/18\/what-were-tracking-this-week-and-beyond-119\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627055\" class=\"content-area-description single-story post-627055 post type-post status-publish format-standard hentry category-up-next tag-enterpriseam tag-up-next wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>President Abdel Fattah El Sisi will inaugurate the three Siemens combined-cycle power plants next Tuesday<\/strong>, <a href=\"https:\/\/www.alborsanews.com\/2018\/07\/17\/1116912\">according to government sources<\/a>. The fully-commissioned plants in Burullus, Beni Suef, and the new administrative capital will have a combined production capacity of 14.4 GW. The Electricity Ministry had reportedly settled on Siemens to also run the day-to-day operations and management of the three plants, but the two sides have yet to sign official contracts.<\/p>\n<p><strong>El Sisi will reportedly be visiting Sudan tomorrow <\/strong>to meet with Sudanese President Omar Al Bashir over the Grand Ethiopian Renaissance Dam (GERD) and the South Sudan peace process.<strong> El Sisi might also be visiting Beijing in September<\/strong> to attend the Forum on China-Africa Cooperation.<\/p>\n<p><strong>El Sisi will also host the sixth National Youth Conference at the end of the month<\/strong>, <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1308030\">Al Masry Al Youm reports<\/a>. Organizers have opened the floor for the public to submit questions for El Sisi to respond to during the conference through the \u201cAsk the President Initiative,\u201d according to the <a href=\"https:\/\/twitter.com\/AlsisiOfficial\/status\/1019314110830448640\">president\u2019s Twitter account<\/a>. The upcoming edition of the conference will be geared towards university students, but it remains unclear where it will be held.<\/p>\n<p><strong>Plan for a four-day weekend bridge?<\/strong> Prime Minister Mostafa Madbouly <a href=\"http:\/\/www.cabinet.gov.eg\/Arabic\/MediaCenter\/CabinetNews\/Pages\/PM-decides-23-July-to-be-official-holiday-.aspx\">declared Monday, 23 July a public holiday<\/a> for government offices and state-owned companies in observance of Revolution Day. The CBE has also officially announced banks and the EGX will be off on Monday. We expect to see many caving to the temptation of bridging for a four-day weekend.<\/p>\n<p><strong>Heatwave today:<\/strong> Look for daytime highs of 40\u00b0C and overnight low of 24\u00baC, <a href=\"http:\/\/www.egyptindependent.com\/hot-weather-expected-for-wednesday-cairo-38c\/\">according to the Meteorological Authority<\/a>. Temps will keep dropping through the rest of the week until it rises back to 40 \u00b0C next Wednesday.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/up-next\/\">Up Next<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627056\" 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=\"627056\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/commentary-on-the-press-and-media-act-leads-the-conversation-on-egypt\/\">\r\n                            Commentary on the Press and Media Act leads the conversation on Egypt                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/commentary-on-the-press-and-media-act-leads-the-conversation-on-egypt\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/commentary-on-the-press-and-media-act-leads-the-conversation-on-egypt\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/commentary-on-the-press-and-media-act-leads-the-conversation-on-egypt\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Commentary on the Press and Media Act leads the conversation on Egypt&url=https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/commentary-on-the-press-and-media-act-leads-the-conversation-on-egypt\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/commentary-on-the-press-and-media-act-leads-the-conversation-on-egypt\/&title=Commentary on the Press and Media Act leads the conversation on Egypt\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Commentary+on+the+Press+and+Media+Act+leads+the+conversation+on+Egypt+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F07%2F18%2Fcommentary-on-the-press-and-media-act-leads-the-conversation-on-egypt%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/commentary-on-the-press-and-media-act-leads-the-conversation-on-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627056\" class=\"content-area-description single-story post-627056 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-egypt-in-the-news tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Commentary on the passing of the controversial Press and Media Act is leading the conversation on Egypt in the foreign press this morning.<\/strong> Critics are concerned that the legislation\u2019s \u201cvague wording\u201d will allow the government to legally crack down on dissent and freedom of expression, <a href=\"https:\/\/www.bbc.co.uk\/news\/world-middle-east-44858547\">BBC<\/a> and <a href=\"https:\/\/af.reuters.com\/article\/commoditiesNews\/idAFL4N1UD3CO\">Reuters say<\/a>. \u201cThe law comes as a conclusion to the recent era of restrictions on free speech,\u201d <a href=\"https:\/\/www.telegraph.co.uk\/news\/2018\/07\/17\/twitter-users-egypt-5000-followers-will-classed-media-entities\/\">the Telegraph quotes<\/a> former Press Syndicate official Khaled El Balshy as saying.<\/p>\n<p>Other headlines worth noting in brief:<\/p>\n<ul>\n<li><strong>South Africa\u2019s orange exporters are wary of increased exports from Egypt, <\/strong>which have been dampening their sales, <a href=\"https:\/\/www.freshfruitportal.com\/news\/2018\/07\/17\/south-african-orange-season\/\">according to Fresh Fruit Portal<\/a>.<\/li>\n<li><strong>Honey made by Egypt\u2019s Hero was said to contain carcinogenic antibiotic residues, <\/strong>according to the Hong Kong-based Consumer Council, <a href=\"http:\/\/www.ejinsight.com\/20180717-cancer-causing-antibiotics-found-in-two-honey-brands\/\">EJ insight reports<\/a>. <\/li>\n<li><strong>A mysterious sarcophagus recently discovered in Egypt could house the body of Alexander the Great<\/strong>, some archaeologists speculate, <a href=\"https:\/\/www.nationalgeographic.com\/science\/2018\/07\/news-alexandria-egypt-coffin-sarcophagus-archaeology\/\">according to National Geographic<\/a>.<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-in-the-news\/\">Egypt in the News<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627057\" 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=\"627057\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">On Deadline<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/opinion-writers-giving-us-lessons-on-the-need-for-public-health\/\">\r\n                            Opinion writers giving us lessons on the need for public health                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/opinion-writers-giving-us-lessons-on-the-need-for-public-health\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/opinion-writers-giving-us-lessons-on-the-need-for-public-health\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            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target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/opinion-writers-giving-us-lessons-on-the-need-for-public-health\/&title=Opinion writers giving us lessons on the need for public health\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Opinion+writers+giving+us+lessons+on+the+need+for+public+health+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F07%2F18%2Fopinion-writers-giving-us-lessons-on-the-need-for-public-health%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/opinion-writers-giving-us-lessons-on-the-need-for-public-health\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627057\" class=\"content-area-description single-story post-627057 post type-post status-publish format-standard hentry category-on-deadline tag-enterpriseam tag-on-deadline wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>Opinion writers giving us lessons on the need for public health:<\/strong> The poor quality of Egypt\u2019s healthcare services has a direct negative effect on the country\u2019s development, <a href=\"https:\/\/www.alborsanews.com\/2018\/07\/12\/1115281\">Ashraf Abdel Aal says<\/a>. He explains that poor healthcare means that Egypt\u2019s working class is not as productive as it could be if citizens had access to quality services that could help them ensure they are in good health. Abdel Aal points the finger of blame at the lack of and improper distribution of funding for the healthcare sector, noting that the state\u2019s budget allocation for healthcare has fallen short of its required threshold for several years and the funding that is provided is mostly used to pay wages, rather than actually improve services.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/on-deadline\/\">On Deadline<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627058\" 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=\"627058\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">Worth reading<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/chinas-mobile-payments-revolution-is-being-spearheaded-by-millennials\/\">\r\n                            China\u2019s mobile payments revolution is being spearheaded by millennials                        <\/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\/18\/chinas-mobile-payments-revolution-is-being-spearheaded-by-millennials\/\" 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\/18\/chinas-mobile-payments-revolution-is-being-spearheaded-by-millennials\/')\">\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\/18\/chinas-mobile-payments-revolution-is-being-spearheaded-by-millennials\/\">\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=China\u2019s mobile payments revolution is being spearheaded by millennials&url=https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/chinas-mobile-payments-revolution-is-being-spearheaded-by-millennials\/\">\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\/18\/chinas-mobile-payments-revolution-is-being-spearheaded-by-millennials\/&title=China\u2019s mobile payments revolution is being spearheaded by millennials\">\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=China%E2%80%99s+mobile+payments+revolution+is+being+spearheaded+by+millennials+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F07%2F18%2Fchinas-mobile-payments-revolution-is-being-spearheaded-by-millennials%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\/18\/chinas-mobile-payments-revolution-is-being-spearheaded-by-millennials\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2018\/7\/107.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"627059\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/chinas-mobile-payments-revolution-is-being-spearheaded-by-millennials\/107-jpg-17\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/7\/107.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"107.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/7\/107.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/7\/107.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627058\" class=\"content-area-description single-story post-627058 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-reading tag-enterpriseam tag-worth-reading wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Over the span of a few short years, China has undergone a mobile payments revolution that now sees the country\u2019s reliance on cash payments dwindling<\/strong>, Yuan Yang <a href=\"https:\/\/www.ft.com\/content\/539e39b8-851b-11e8-a29d-73e3d454535d\">writes for the Financial Times<\/a>. Last year alone, China accounted for nearly half of the world\u2019s digital payments. Chinese citizens have become accustomed to using mobile payments for everything from stores to food stalls to transportation services, and many of these services no longer accept cash payments. \u201cThis transformation has been spearheaded by millennials, who were the early adopters of mobile payments, but it has rapidly spread across generations. Millennials\u2019 parents \u2014 the 40-60 age group \u2014 have adapted to the technology, especially in big cities, although they tend to use it for fewer functions \u2026 Only the older generations cling on to cash.\u201d<\/p>\n<p><strong>The increased reliance on fintech has also led to a behavioral shift in how people handle money in China<\/strong>. Whereas older generations traditionally relied on saving up their own income to be able to afford big purchases, China\u2019s millennials are opening up the space for credit and lending services. Altogether, China\u2019s fintech advancements are significant.<\/p>\n<p><strong>But these services are struggling to expand internationally<\/strong> because most other countries are significantly lagging in providing the necessary infrastructure and culture. Can you imagine trying to make an Egyptian fruit vendor accept e-payments? Consumers are also wary that relying so heavily on apps and e-payments would turn their data privacy into a martyr.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/worth-reading\/\">worth reading<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627060\" 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=\"627060\">\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\/18\/eu-agrees-to-lend-egypt-usd-50-mn-to-finance-irrigation-ministry\/\">\r\n                            EU agrees to lend Egypt USD 50 mn to finance Irrigation Ministry                        <\/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\/18\/eu-agrees-to-lend-egypt-usd-50-mn-to-finance-irrigation-ministry\/\" 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\/18\/eu-agrees-to-lend-egypt-usd-50-mn-to-finance-irrigation-ministry\/')\">\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\/18\/eu-agrees-to-lend-egypt-usd-50-mn-to-finance-irrigation-ministry\/\">\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=EU agrees to lend Egypt USD 50 mn to finance Irrigation Ministry&url=https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/eu-agrees-to-lend-egypt-usd-50-mn-to-finance-irrigation-ministry\/\">\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\/18\/eu-agrees-to-lend-egypt-usd-50-mn-to-finance-irrigation-ministry\/&title=EU agrees to lend Egypt USD 50 mn to finance Irrigation Ministry\">\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=EU+agrees+to+lend+Egypt+USD+50+mn+to+finance+Irrigation+Ministry+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F07%2F18%2Feu-agrees-to-lend-egypt-usd-50-mn-to-finance-irrigation-ministry%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\/18\/eu-agrees-to-lend-egypt-usd-50-mn-to-finance-irrigation-ministry\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627060\" class=\"content-area-description single-story post-627060 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>The EU has agreed to provide Egypt with a USD 50 mn loan this year to finance some of the Irrigation Ministry\u2019s mechanical and electric projects<\/strong>, Minister Mohamed Abdel Aati <a href=\"http:\/\/www.almalnews.com\/Story\/382970\/14\/%C2%AB%D8%A7%D9%84%D8%B1%D9%89%C2%BB-%D8%AA%D9%82%D8%AA%D8%B1%D8%B6-50-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D9%85%D9%86-%D8%A7%D9%84%D8%A7%D8%AA%D8%AD%D8%A7%D8%AF-%D8%A7%D9%84%D8%A3%D9%88%D8%B1%D9%88%D8%A8%D9%89-\">tells Al Mal<\/a>. The projects would include upgrading aerial networks at some 850 water stations and purchasing EGP 120 mn worth of spare parts for other upgrades, according to Abdel Aati.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/diplomacy-foreign-trade\/\">Diplomacy + Foreign Trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627062\" 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=\"627062\">\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\/18\/15th-well-from-nooros-gas-field-comes-online\/\">\r\n                            15th well from Nooros gas field comes online                        <\/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\/18\/15th-well-from-nooros-gas-field-comes-online\/\" 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\/18\/15th-well-from-nooros-gas-field-comes-online\/')\">\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\/18\/15th-well-from-nooros-gas-field-comes-online\/\">\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=15th well from Nooros gas field comes online&url=https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/15th-well-from-nooros-gas-field-comes-online\/\">\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\/18\/15th-well-from-nooros-gas-field-comes-online\/&title=15th well from Nooros gas field comes online\">\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=15th+well+from+Nooros+gas+field+comes+online+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F07%2F18%2F15th-well-from-nooros-gas-field-comes-online%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\/18\/15th-well-from-nooros-gas-field-comes-online\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627062\" class=\"content-area-description single-story post-627062 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\/.b385817a-f144-4480-81e7-bff57dfde8dd.mp3\"><\/audio><\/figure>\n<p>The 15th well at the Nooros gas field has come online, pumping an additional 180 mcf\/d into the national grid, <a href=\"http:\/\/www.petroleum.gov.eg\/ar\/MediaCenter\/LocalNews\/pages\/mop_17072018_01.aspx\">the Oil Ministry announced yesterday<\/a>. The Nedco well allows production from the Nooros field to remain steady at 1.2 bcf\/d. On a related note, Eni and EGPC JV Belayim Petroleum Company (Petrobel) \u2014 which completed work on the well in record timing of under two months \u2014 reportedly intends to pump an additional 0.5 bcf\/d into the national gas grid by mid-2019, as it brings its South Balteem well online, <a href=\"https:\/\/www.youm7.com\/story\/2018\/7\/17\/%D8%A8%D8%AA%D8%B1%D9%88%D8%A8%D9%84-%D8%AA%D8%A8%D8%AF%D8%A3-%D8%AA%D8%B4%D8%BA%D9%8A%D9%84-%D8%AD%D9%82%D9%84-%D8%A8%D9%84%D8%B7%D9%8A%D9%85-%D9%85%D9%86%D8%AA%D8%B5%D9%81-2019-%D9%88%D8%A7%D9%84%D8%A5%D9%86%D8%AA%D8%A7%D8%AC-%D9%8A%D8%B5%D9%84-500\/3876300\">sources tell Youm7<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627063\" 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=\"627063\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">Basic Materials + Commodities<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/supply-ministry-to-announce-cap-on-rice-imports\/\">\r\n                            Supply Ministry to announce cap on rice imports                        <\/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\/18\/supply-ministry-to-announce-cap-on-rice-imports\/\" 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\/18\/supply-ministry-to-announce-cap-on-rice-imports\/')\">\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\/18\/supply-ministry-to-announce-cap-on-rice-imports\/\">\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=Supply Ministry to announce cap on rice imports&url=https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/supply-ministry-to-announce-cap-on-rice-imports\/\">\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\/18\/supply-ministry-to-announce-cap-on-rice-imports\/&title=Supply Ministry to announce cap on rice imports\">\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=Supply+Ministry+to+announce+cap+on+rice+imports+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F07%2F18%2Fsupply-ministry-to-announce-cap-on-rice-imports%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\/18\/supply-ministry-to-announce-cap-on-rice-imports\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627063\" class=\"content-area-description single-story post-627063 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\/.7f3f28b2-8d94-42ab-8e42-bcbf8405cdfc.mp3\"><\/audio><\/figure>\n<p>The Supply Ministry will set a cap on the amount of rice Egypt will import and will also select specific countries from which rice can be sourced, Minister <a href=\"https:\/\/www.alborsanews.com\/2018\/07\/17\/1116874\">Ali El Moselhy said yesterday<\/a>. Egypt will probably need to import between 500-700k tonnes of rice next year to cover local consumption needs, according to El Moselhy. The ministry will announce these rules within three months. The government <a href=\"https:\/\/enterprise.press\/stories\/2018\/06\/06\/government-decides-to-import-rice-suggesting-further-cuts-in-local-cultivation-are-coming\/\">had decided last month<\/a> to import rice, following previous measures to clamp down the cultivation of the water-intensive crop.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/basic-materials-commodities\/\">Basic Materials + Commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627064\" 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=\"627064\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">Manufacturing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/syrian-investors-to-establish-usd-500-mn-projects-at-nubaria-industrial-zone\/\">\r\n                            Syrian investors to establish USD 500 mn projects at Nubaria Industrial Zone                        <\/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\/18\/syrian-investors-to-establish-usd-500-mn-projects-at-nubaria-industrial-zone\/\" 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\/18\/syrian-investors-to-establish-usd-500-mn-projects-at-nubaria-industrial-zone\/')\">\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\/18\/syrian-investors-to-establish-usd-500-mn-projects-at-nubaria-industrial-zone\/\">\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=Syrian investors to establish USD 500 mn projects at Nubaria Industrial Zone&url=https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/syrian-investors-to-establish-usd-500-mn-projects-at-nubaria-industrial-zone\/\">\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\/18\/syrian-investors-to-establish-usd-500-mn-projects-at-nubaria-industrial-zone\/&title=Syrian investors to establish USD 500 mn projects at Nubaria Industrial Zone\">\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=Syrian+investors+to+establish+USD+500+mn+projects+at+Nubaria+Industrial+Zone+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F07%2F18%2Fsyrian-investors-to-establish-usd-500-mn-projects-at-nubaria-industrial-zone%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\/18\/syrian-investors-to-establish-usd-500-mn-projects-at-nubaria-industrial-zone\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627064\" class=\"content-area-description single-story post-627064 post type-post status-publish format-standard hentry category-manufacturing tag-enterpriseam tag-manufacturing wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.db9f64f8-91b6-4b17-915f-5b57518874d5.mp3\"><\/audio><\/figure>\n<p>A group of unnamed Syrian investors are reportedly planning to establish projects worth USD 500 mn at the Nubaria Industrial Zone in sectors including food, textiles and plastic, Nubaria Investment Association boss <a href=\"https:\/\/alborsanews.com\/2018\/07\/17\/1116800\">Awni El Megharbel claimed yesterday<\/a>, without providing any additional detail.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627065\" 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=\"627065\">\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\">Telecoms + ICT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/military-production-minister-signs-mou-with-indian-lava-to-establish-local-smartphone-production-line\/\">\r\n                            Military Production Minister signs MoU with Indian Lava to establish local smartphone production line                        <\/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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class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/military-production-minister-signs-mou-with-indian-lava-to-establish-local-smartphone-production-line\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Military Production Minister signs MoU with Indian Lava to establish local smartphone production line&url=https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/military-production-minister-signs-mou-with-indian-lava-to-establish-local-smartphone-production-line\/\">\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\/18\/military-production-minister-signs-mou-with-indian-lava-to-establish-local-smartphone-production-line\/&title=Military Production Minister signs MoU with Indian Lava to establish local smartphone production line\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Military+Production+Minister+signs+MoU+with+Indian+Lava+to+establish+local+smartphone+production+line+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F07%2F18%2Fmilitary-production-minister-signs-mou-with-indian-lava-to-establish-local-smartphone-production-line%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\/18\/military-production-minister-signs-mou-with-indian-lava-to-establish-local-smartphone-production-line\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627065\" class=\"content-area-description single-story post-627065 post type-post status-publish format-standard hentry category-telecoms-ict tag-enterpriseam tag-telecoms-ict wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.f31bed1a-0ec4-4e6f-af96-1c61ff674a93.mp3\"><\/audio><\/figure>\n<p>(The Military Production Ministry inked a MoU with Indian smartphone manufacturer Lava to establish a mobile phone production line in Egypt, CEO Vikram Singh Parmar said, <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1307887\">Al Masry Al Youm reports<\/a>. The production will be set up at one of the facilities belonging to the ministry. Minister Mohamed El Assar had met earlier this month with Lava representatives to <a href=\"https:\/\/enterprise.press\/stories\/2018\/07\/02\/assar-meets-with-lava-smart-to-build-local-mobile-phone-factory\/\">discuss the project<\/a>, which earlier reports suggested could be coming online by 2019. No details on the investment value were disclosed but Lava had said last year that it could invest <a href=\"https:\/\/enterprise.press\/stories\/2017\/12\/26\/lava-international-to-invest-usd-10-mn-in-egypt-next-year\/\">USD 10 mn in Egypt in 2018<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/telecoms-ict\/\">Telecoms + ICT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627067\" 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=\"627067\">\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\/18\/transport-minister-invites-frances-alstom-to-bid-on-upgrading-giza-beni-suef-railway-line\/\">\r\n                            Transport Minister invites France\u2019s Alstom to bid on upgrading Giza-Beni Suef railway line                        <\/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\/18\/transport-minister-invites-frances-alstom-to-bid-on-upgrading-giza-beni-suef-railway-line\/\" 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\/18\/transport-minister-invites-frances-alstom-to-bid-on-upgrading-giza-beni-suef-railway-line\/')\">\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\/18\/transport-minister-invites-frances-alstom-to-bid-on-upgrading-giza-beni-suef-railway-line\/\">\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 Minister invites France\u2019s Alstom to bid on upgrading Giza-Beni Suef railway line&url=https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/transport-minister-invites-frances-alstom-to-bid-on-upgrading-giza-beni-suef-railway-line\/\">\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\/18\/transport-minister-invites-frances-alstom-to-bid-on-upgrading-giza-beni-suef-railway-line\/&title=Transport Minister invites France\u2019s Alstom to bid on upgrading Giza-Beni Suef railway line\">\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+Minister+invites+France%E2%80%99s+Alstom+to+bid+on+upgrading+Giza-Beni+Suef+railway+line+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F07%2F18%2Ftransport-minister-invites-frances-alstom-to-bid-on-upgrading-giza-beni-suef-railway-line%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\/18\/transport-minister-invites-frances-alstom-to-bid-on-upgrading-giza-beni-suef-railway-line\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627067\" class=\"content-area-description single-story post-627067 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\/.cdbe62a7-1a84-4379-b98f-21ee5938aa98.mp3\"><\/audio><\/figure>\n<p>France\u2019s Alstom was invited to bid on the tender for upgrading the Giza-Beni Suef railway line, <a href=\"https:\/\/alborsanews.com\/2018\/07\/17\/1116780\">Transport Minister Hisham Arafat said yesterday<\/a>. Alstom is already <a href=\"https:\/\/enterprise.press\/stories\/2018\/04\/30\/sisi-le-drian-meet-for-libya-focused-talks\/\">working on railway projects<\/a> in Egypt, including the development of the Cairo Metro Line 3. It is also <a href=\"https:\/\/enterprise.press\/stories\/2018\/04\/23\/four-global-companies-bidding-on-cairo-metros-line-2-supply-contract\/\">bidding to deliver<\/a> six trains and two locomotives for Cairo Metro Line 2. The new trains are part of the government\u2019s plans to <a href=\"https:\/\/enterprise.press\/stories\/2018\/03\/05\/house-of-representatives-approves-railway-act-amendments\/\">overhaul the railway sector<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"627068\" 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=\"627068\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">14<\/div>\r\n\r\n                    <p class=\"f-graphik\">Egypt Politics + Economics<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/el-sisi-ratifies-law-establishing-supreme-authority-for-upper-egypt-development\/\">\r\n                            El Sisi ratifies law establishing Supreme Authority for Upper Egypt Development                        <\/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\/18\/el-sisi-ratifies-law-establishing-supreme-authority-for-upper-egypt-development\/\" 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\/18\/el-sisi-ratifies-law-establishing-supreme-authority-for-upper-egypt-development\/')\">\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\/18\/el-sisi-ratifies-law-establishing-supreme-authority-for-upper-egypt-development\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=El Sisi ratifies law establishing Supreme Authority for Upper Egypt Development&url=https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/el-sisi-ratifies-law-establishing-supreme-authority-for-upper-egypt-development\/\">\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\/18\/el-sisi-ratifies-law-establishing-supreme-authority-for-upper-egypt-development\/&title=El Sisi ratifies law establishing Supreme Authority for Upper Egypt Development\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=El+Sisi+ratifies+law+establishing+Supreme+Authority+for+Upper+Egypt+Development+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F07%2F18%2Fel-sisi-ratifies-law-establishing-supreme-authority-for-upper-egypt-development%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\/18\/el-sisi-ratifies-law-establishing-supreme-authority-for-upper-egypt-development\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627068\" class=\"content-area-description single-story post-627068 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\/.5912369b-f2e7-4d9b-9545-1097cff3eb75.mp3\"><\/audio><\/figure>\n<p>President Abdel Fattah El Sisi ratified yesterday the law establishing the Supreme Authority for Upper Egypt Development, <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=17072018&id=db4a94a2-9e19-47b0-a380-f1e31fead980\">Al Shorouk reports<\/a>. The law mandates the authority with drafting a holistic strategy for the economic, social, and urban development of regional areas. The executive regulations for the law are expected within three months. The House of Representatives had <a href=\"https:\/\/enterprise.press\/stories\/2018\/06\/06\/parliament-passes-cyber-crimes-act\/\">approved the law in June<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-politics-economics\/\">Egypt Politics + Economics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627069\" 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=\"627069\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">15<\/div>\r\n\r\n                    <p class=\"f-graphik\">Sports<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/egypts-squash-team-is-expected-to-dominate-at-wsf-world-junior-squash-championships\/\">\r\n                            Egypt\u2019s squash team is expected to dominate at WSF World Junior Squash Championships                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/egypts-squash-team-is-expected-to-dominate-at-wsf-world-junior-squash-championships\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/egypts-squash-team-is-expected-to-dominate-at-wsf-world-junior-squash-championships\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/egypts-squash-team-is-expected-to-dominate-at-wsf-world-junior-squash-championships\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt\u2019s squash team is expected to dominate at WSF World Junior Squash Championships&url=https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/egypts-squash-team-is-expected-to-dominate-at-wsf-world-junior-squash-championships\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/egypts-squash-team-is-expected-to-dominate-at-wsf-world-junior-squash-championships\/&title=Egypt\u2019s squash team is expected to dominate at WSF World Junior Squash Championships\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt%E2%80%99s+squash+team+is+expected+to+dominate+at+WSF+World+Junior+Squash+Championships+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F07%2F18%2Fegypts-squash-team-is-expected-to-dominate-at-wsf-world-junior-squash-championships%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/egypts-squash-team-is-expected-to-dominate-at-wsf-world-junior-squash-championships\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2018\/7\/1985.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"627070\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/egypts-squash-team-is-expected-to-dominate-at-wsf-world-junior-squash-championships\/1985-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/7\/1985.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1985.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/7\/1985.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/7\/1985.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627069\" class=\"content-area-description single-story post-627069 post type-post status-publish format-standard has-post-thumbnail hentry category-_newspack_sports tag-enterpriseam tag-sports wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.51eda8e9-440d-4106-a3c7-25e8bc24d3cc.mp3\"><\/audio><\/figure>\n<p>Egypt\u2019s \u201cformidable\u201d squash team is expected to dominate at the WSF World Junior Squash Championships kicking off in Chennai, India today, <a href=\"https:\/\/www.business-standard.com\/article\/pti-stories\/egypt-expected-to-dominate-world-junior-squash-in-chennai-118071700857_1.html\">according to Business Standard<\/a>. \u201cThe Egyptians dominate the seedings in the individual events with four of the top eight in the men\u2019s section and an equal number in the women\u2019s event.\u201d Egypt\u2019s main challengers will be from Malaysia, Hong Kong, England, and the USA, but remains \u201cthe overwhelming favourite\u201d to make a gold medal sweep at the championship, <a href=\"https:\/\/www.thehindu.com\/sport\/other-sports\/difficult-to-look-beyond-egypt\/article24445107.ece\">according to the Hindu<\/a>. Our friends at CIB <a href=\"https:\/\/enterprise.press\/stories\/2018\/07\/12\/cib-sponsors-egyptian-junior-squash-team\/\">are the proud sponsors<\/a> of the team representing Egypt at the championship.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sports\/\">sports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627071\" 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=\"627071\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">16<\/div>\r\n\r\n                    <p class=\"f-graphik\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/egypt-jordan-have-cheapest-mobile-plans-in-arab-world\/\">\r\n                            Egypt, Jordan have cheapest mobile plans in Arab world                        <\/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\/18\/egypt-jordan-have-cheapest-mobile-plans-in-arab-world\/\" 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\/18\/egypt-jordan-have-cheapest-mobile-plans-in-arab-world\/')\">\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\/18\/egypt-jordan-have-cheapest-mobile-plans-in-arab-world\/\">\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, Jordan have cheapest mobile plans in Arab world&url=https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/egypt-jordan-have-cheapest-mobile-plans-in-arab-world\/\">\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\/18\/egypt-jordan-have-cheapest-mobile-plans-in-arab-world\/&title=Egypt, Jordan have cheapest mobile plans in Arab world\">\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+Jordan+have+cheapest+mobile+plans+in+Arab+world+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F07%2F18%2Fegypt-jordan-have-cheapest-mobile-plans-in-arab-world%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\/18\/egypt-jordan-have-cheapest-mobile-plans-in-arab-world\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627071\" class=\"content-area-description single-story post-627071 post type-post status-publish format-standard hentry category-on-your-way-out tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.7e6047a6-1859-495e-a30d-9a7e13758f99.mp3\"><\/audio><\/figure>\n<p><strong>Egypt has the lowest average postpaid package cellular rate plan in the Arab world, <\/strong>according to a <a href=\"http:\/\/www.arabadvisors.com\/cellular-rates-arab-world-lebanon-and-mauritania-scored-highest-average-postpaid-and-prepaid-package\">report released by the Arab Advisors Group<\/a>. The report shows Jordan holding the lowest average prepaid package rate, while Lebanon and Mauritania hold the highest average prepaid and postpaid package rates, respectively. The report analyzes cellular tariffs for 48 cellular operators in 19 Arab countries as of May this year.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627074\" 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=\"627074\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">17<\/div>\r\n\r\n                    <p class=\"f-graphik\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/627074\/\">\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\/18\/627074\/\" 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\/18\/627074\/')\">\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\/18\/627074\/\">\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\/18\/627074\/\">\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\/18\/627074\/&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%2F18%2F627074%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\/18\/627074\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627074\" class=\"content-area-description single-story post-627074 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 17.84 | Sell 17.94<strong><br \/>\n EGP \/ USD at CIB:<\/strong> Buy 17.85 | Sell 17.95<br \/>\n <strong>EGP \/ USD at NBE: <\/strong>Buy 17.78 | Sell 17.88<\/p>\n<p><strong>EGX30<\/strong> (Tuesday): 15,443 (-1.5%)<br \/>\n <strong>Turnover:<\/strong> EGP 792 mn (17% below the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: +2.7%<\/p>\n<p><strong>THE MARKET ON TUESDAY:<\/strong> The EGX30 Tuesday\u2019s session down 1.5%. CIB, the index heaviest constituent ended down 3.1%. EGX30\u2019s top performing constituents were Heliopolis Housing up 2.9%, Emaar Misr up 2.7%, and Telecom Egypt up 1.9%. Yesterday\u2019s worst performing stocks were Porto Group down 4.0%, Abu Dhabi Islamic Bank down 3.3%, and CIB down 3.1%. The market turnover was EGP 792 mn, and local investors were the sole net buyers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Short | EGP -44.8 mn<br \/>\n <strong>Regional<\/strong>: Net Short | EGP -13.1 mn<br \/>\n <strong>Domestic<\/strong>: Net Long | EGP +58.0 mn<\/p>\n<p><strong>Retail<\/strong>: 48.0% of total trades | 50.0% of buyers | 46.0% of sellers<br \/>\n <strong>Institutions<\/strong>: 52.0% of total trades | 50.0% of buyers | 54.0% of sellers<\/p>\n<p><strong>Foreign:<\/strong> 30.5% of total | 27.6% of buyers | 33.3% of sellers<br \/>\n <strong>Regional:<\/strong> 5.0% of total | 4.2% of buyers | 5.8% of sellers<br \/>\n <strong>Domestic:<\/strong> 64.5% of total | 68.2% of buyers | 60.9% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 67.80 (-0.41%)<br \/>\n <strong>Brent:<\/strong> USD 71.89 (-0.37%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 2.74 MMBtu, (+0.15%, August 2018 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,228.10 \/ troy ounce (+0.07%)<br \n<\/p>\n<p><strong>TASI:<\/strong> 8,462.59 (-0.33%) (YTD: +17.11%)<br \/>\n <strong>ADX:<\/strong> 4,783.59 (-0.18%) (YTD: +7.73%)<br \/>\n <strong>DFM:<\/strong> 2,913.14 (-0.22%) (YTD: -13.56%)<br \/>\n <strong>KSE Premier Market:<\/strong> 5,346.08 (-0.8%)<br \/>\n <strong>QE:<\/strong> 9,449.64 (+0.10%) (YTD: +10.87%)<br \/>\n <strong>MSM:<\/strong> 4,442.49 (-0.14%) (YTD: -12.88%)<br \/>\n <strong>BB: <\/strong>1,358.13 (+0.46%) (YTD: +1.98%)<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-market-yesterday\/\">The Market Yesterday<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627075\" 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\/18\/627075\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627075\" class=\"content-area-description single-story post-627075 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>23 July (Monday): Revolution Day, national holiday.<\/p>\n<p>26-28 July (Thursday-Saturday): <a href=\"http:\/\/www.uabonline.org\/en\/events\/conferences\/forumgreenbankingtheroadtosustainabledevelopment\/52659\/0\">Green Banking: The Road to Sustainable Development<\/a>, Baron Palace, Sahl Hasheesh, Hurghada.<\/p>\n<p>05 August (Sunday): Egypt\u2019s <a href=\"https:\/\/www.markiteconomics.com\/Public\/Release\/PressReleases?language=en\">PMI reading for July<\/a> released.<\/p>\n<p>16 August (Thursday): CBE\u2019s Monetary Policy Committee meeting.<\/p>\n<p>21-25 August (Tuesday-Saturday): Eid Al Adha (TBC), national holiday.<\/p>\n<p>28-29 August (Tuesday-Wednesday): CI Capital\u2019s 5th Annual Egypt Equities Conference, Cape Town, South Africa.<\/p>\n<p>04-05 September (Tuesday-Wednesday): <a href=\"https:\/\/www.euromoneyconferences.com\/event\/a01D000001355HLIAY\/the-euromoney-egypt-conference-2018\">Euromoney Egypt Conference 2018<\/a>, Cairo.<\/p>\n<p>10-13 September (Monday-Thursday): <a href=\"https:\/\/8londonconference.efghermes.com\/pages\/home.aspx\">EFG Hermes\u2019 8th Annual London Conference<\/a>, Emirates Arsenal Stadium, London.<\/p>\n<p>11 September (Tuesday): Islamic New Year (TBC), national holiday.<\/p>\n<p>18 September (Tuesday): Cairo Economic Court to issue ruling on EGP 5.6 bn antitrust case against pharma companies including Ibnsina.<\/p>\n<p>20-23 September (Thursday-Sunday): 2018 Automech Formula car expo, Cairo International Convention Center, Nasr City, Cairo.<\/p>\n<p>22 September (Saturday): New academic year begins for public schools, universities.<\/p>\n<p>24-25 September (Monday-Tuesday): <a href=\"http:\/\/www.arqaamconference.com\/\">Arqaam Capital MENA Investors Conference 2018<\/a>, Four Seasons Resorts, Dubai.<\/p>\n<p>24-25 September (Monday-Tuesday): <a href=\"https:\/\/egyptwaterdesalination.iqpc.com\/\">Egypt Water Desalination Forum<\/a>, venue TBD.<\/p>\n<p>27 September (Thursday): CBE\u2019s Monetary Policy Committee meeting.<\/p>\n<p>06 October (Saturday): Armed Forces Day, national holiday.<\/p>\n<p>23-24 October (Tuesday-Wednesday): <a href=\"http:\/\/platforms-root-technologies.com\/icec-2018\/\">Intelligent Cities Exhibition & Conference 2018<\/a>, Fairmont Towers Heliopolis, Cairo.<\/p>\n<p>15 November (Thursday): CBE\u2019s Monetary Policy Committee meeting.<\/p>\n<p>20 November (Tuesday): Prophet's Birthday (TBC), national holiday.<\/p>\n<p>22 November (Thursday): US Thanksgiving.<\/p>\n<p>25-28 November (Sunday-Wednesday): 22nd Cairo ICT, Cairo Convention Center, Nasr City, Cairo.<\/p>\n<p>03-05 December (Monday-Wednesday): <a href=\"https:\/\/www.egyptdefenceexpo.com\/\">First Egypt Defense Expo<\/a>, Egyptian International Exhibition Center, Cairo.<\/p>\n<p>25 December (Tuesday): Western Christmas.<\/p>\n<p>27 December (Thursday): CBE\u2019s Monetary Policy Committee meeting.<\/p>\n<p>01 January 2019 (Tuesday): New Year's Day, national holiday.<\/p>\n<p>07 January 2019 (Monday): Coptic Christmas.<\/p>\n<p>25 January 2019 (Friday): Police Day, national holiday.<\/p>\n<p>25 April 2019 (Thursday): Sinai Liberation day, national holiday.<\/p>\n<p>28 April 2019 (Sunday): Easter Sunday, national holiday.<\/p>\n<p>29 April 2019 (Monday): Easter Monday, national holiday.<\/p>\n<p>01 May 2019 (Wednesday): Labor Day, national holiday.<\/p>\n<p>06 May 2019 (Monday): First day of Ramadan (TBC).<\/p>\n<p>05-06 June 2019 (Wednesday-Thursday): Eid El Fitr (TBC).<\/p>\n<p>10-13 October 2019 (Tuesday-Sunday) Big Industrial Week Arabia 2019, Egypt International Exhibition Center.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":627038,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-627037","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"382a2e0e-fd3e-40a7-b2cf-39c91da0b3af","teaser":"","photo_url":"https:\/\/ent.news\/2016\/7\/1050.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Companies piloting privatization program unveiled - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/issues\/companies-piloting-privatization-program-unveiled\/\" \/>\n<meta property=\"og:locale\" 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