{"id":627085,"date":"2018-07-19T03:51:33","date_gmt":"2018-07-19T03:51:33","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=627085"},"modified":"2025-12-17T09:31:28","modified_gmt":"2025-12-17T09:31:28","slug":"no-tax-breaks-for-smes-coming","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/no-tax-breaks-for-smes-coming\/","title":{"rendered":"No tax breaks for SMEs coming"},"content":{"rendered":"<section id=\"627087\" 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=\"627087\">\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\/19\/what-were-tracking-on-18-july-2018\/\">\r\n                            What we\u2019re tracking on 18 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\/19\/what-were-tracking-on-18-july-2018\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2018\/07\/19\/what-were-tracking-on-18-july-2018\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2018\/07\/19\/what-were-tracking-on-18-july-2018\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=What we\u2019re tracking on 18 July 2018&url=https:\/\/enterpriseam.com\/egypt\/2018\/07\/19\/what-were-tracking-on-18-july-2018\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2018\/07\/19\/what-were-tracking-on-18-july-2018\/&title=What we\u2019re tracking on 18 July 2018\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=What+we%E2%80%99re+tracking+on+18+July+2018+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F07%2F19%2Fwhat-were-tracking-on-18-july-2018%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/19\/what-were-tracking-on-18-july-2018\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627087\" class=\"content-area-description single-story post-627087 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-enterpriseam tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_27645\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\">\n<p class=\"f-graphik\" style=\"font-size:14px\">Together with<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27482.svg\" alt=\"\" class=\"wp-image-27482\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><strong>It was a ridiculously slow news day yesterday<\/strong>, as the House of Representatives\u2019 rush to pass legislation before the summer recess \u2014 arguably, the most prominent news in both the local and foreign press this week \u2014 appears to be subsiding.<\/p><p><strong>All that\u2019s left now, is the Madbouly Cabinet\u2019s policy program. <\/strong>The House is supposed to begin deliberation on this next Tuesday. The House 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>El Sisi should be landing in Sudan today to meet with Sudanese President Omar Al Bashir<\/strong> over the Grand Ethiopian Renaissance Dam (GERD) and the South Sudan peace process.<\/p><p><strong>Trade and Industry Minister Amr Nassar is in Zambia for a COMESA council of ministers summit<\/strong>, <u><a href=\"http:\/\/www.ahram.org.eg\/News\/202712\/5\/661432\/%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF\/%D9%86%D8%B5%D8%A7%D8%B1-%D9%85%D8%B4%D8%A7%D8%B1%D9%83%D8%A9-%D9%85%D8%B5%D8%B1-%D9%81%D9%89-%D9%82%D9%85%D8%A9-%D8%A7%D9%84%D9%83%D9%88%D9%85%D9%8A%D8%B3%D8%A7-%D8%AA%D8%B9%D8%B2%D8%B2-%D8%A7%D9%84%D8%AA%D8%B9%D8%A7%D9%88%D9%86-%D8%A7%D9%84%D8%A5%D9%81%D8%B1.aspx\">Al Ahram reports<\/a><\/u>. Nassar\u2019s trip is set to wrap up tomorrow.<\/p><p><strong>Hooray, we\u2019re still the most undervalued currency as far as Big Macs are concerned: <\/strong>Egypt has the world\u2019s cheapest Big Mac for yet another year, according to the Economist\u2019s Big Mac Index <u><a href=\"https:\/\/www.businesslive.co.za\/bd\/economy\/2018-07-18-big-mac-index-suggests-the-rand-is-hugely-undervalued\/\">picked up by Business Live<\/a><\/u>. The EGP is trading at a discount of 68.2% to the USD based on how McDonald\u2019s has priced its burgers here, the survey suggests. On the flipside, Switzerland retained the top spot as the most expensive country to get a Big Mac, suggesting that the CHF is 18.8% overvalued.<\/p><p><strong>Do it. Bridge. You know you want to: <\/strong>Prime Minister Mostafa Madbouly declared Monday, 23 July a <u><a href=\"http:\/\/www.cabinet.gov.eg\/Arabic\/MediaCenter\/CabinetNews\/Pages\/PM-decides-23-July-to-be-official-holiday-.aspx\">public holiday<\/a><\/u> for banks, the EGX, government offices and state-owned companies in observance of Revolution Day. Far be it for us to encourage taking an extra day off, we certainly could use it. As such, <strong>we will be taking a publication holiday on Monday and will be back in your inboxes on Tuesday, 24 July.<\/strong><\/p><p><strong>Over on emerging markets zombieland, the rising USD has done no favors to EM stocks globally<\/strong>, with MSCI\u2019s emerging market index slipping 0.2%. The broader benchmark was dragged lower by losses in Asia, where indexes in China mainland and Hong Kong lost 0.3%. The extra slide came after US Federal Reserve Chairman Jerome Powell <u><a href=\"https:\/\/www.reuters.com\/article\/us-usa-fed-powell\/feds-powell-years-of-strong-jobs-low-inflation-still-ahead-idUSKBN1K71PQ\">said on Tuesday<\/a><\/u> that he \u201cbelieves that - for now - the best way forward is to keep gradually raising the federal funds rate.\u201d \u201cIt is having an impact since the market is thinking maybe rates will increase, which is not new, but maybe a bit quicker,\u201d Sebastien Barbe, head of emerging markets research and strategy at Credit Agricole, <u><a href=\"https:\/\/www.reuters.com\/article\/emerging-markets\/emerging-markets-emerging-markets-feel-dollar-pinch-turkeys-lira-shines-idUSL8N1UE25I\">tells Reuters<\/a><\/u>.<\/p><p><strong>But to some, the global trade war is the main the concern.<\/strong> \u201cThe next few months are risky for emerging markets mostly due to protectionist fears, because the other risk, the tightening of monetary policy in the U.S., is mostly priced in,\u201d said Barbe, who added that a trade conflict could have a twofold impact on emerging markets in disrupting supply and trade links and also a correction of global stock markets which would spread to emerging equities and trigger capital outflows.<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-today\/\">What We&#039;re Tracking Today<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627090\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 .stk-block-carousel__button svg.ugb-custom-icon :is(g, path, rect, polygon, ellipse){fill:#FFFFFF !important;}<\/style>\r\n           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        <a href=\"https:\/\/api.whatsapp.com\/send?text=Highlights+of+Cabinet+meeting+reigns+supreme+on+the+airwaves+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F07%2F19%2Fhighlights-of-cabinet-meeting-reigns-supreme-on-the-airwaves%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\/19\/highlights-of-cabinet-meeting-reigns-supreme-on-the-airwaves\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627091\" class=\"content-area-description single-story post-627091 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>As with the press, the airwaves were dry as your backyard this month, with the most interesting coverage was yesterday\u2019s Cabinet meeting<\/strong> \u2014 which we cover in detail in Speed Round, below \u2014 with spokesman Ashraf Sultan.<\/p>\n<p><strong>The first phase of the state privatization program will be implemented over the coming few months<\/strong>, Sultan told Hona Al Asema without providing any further details on the timeline or size of the stake sales. Sultan then went on to explain the benefits of the program (<u><a href=\"https:\/\/www.youtube.com\/watch?v=iUFgAFpWzRQ\">watch, runtime: 5:33<\/a><\/u>).<\/p>\n<p><strong>Reducing the minimum GPA required for university enrollment for North Sinai students is an exceptional decision<\/strong> in light of the conditions these students have undergone as a result of the ongoing anti-terrorist campaign in the turbulent region, Sultan told Hona Al Asema\u2019s Lama Gebril and Al Hayah fi Masr\u2019s Kamal Mady (<u><a href=\"https:\/\/www.youtube.com\/watch?v=iUFgAFpWzRQ\">watch, runtime: 5:33<\/a><\/u> and <u><a href=\"https:\/\/www.youtube.com\/watch?v=VN1NEEkB-xo&t=2s\">runtime: 6:12<\/a><\/u>). Masaa DMC\u2019s Osama Kamal also lauded the move as necessary to level the playing field for students going through exceptional circumstances (<u><a href=\"https:\/\/www.youtube.com\/watch?v=KzX-Kpriv0k\">watch, runtime: 11:58<\/a><\/u>).<\/p>\n<p><strong>Farmers\u2019 concerns about rising fertilizer prices on the black market<\/strong> was a topic of concern on Yahduth fi Masr. According to Farmers\u2019 Syndicate head Hussein Abu Saddam, fertilizers retail as much as EGP 5,600 per tonne on the black market, while they are sold through the government for EGP 3,290 per tonne. Abu Saddam blamed the Agriculture Ministry for limiting each farmer\u2019s fertilizer allowance, which forces them to resort to the exorbitant prices of the black market. Ministry spokesman Hamed Abdeldayem brushed off Abu Saddam\u2019s concerns, saying that the government\u2019s pricing is fair and farmers should \u201ccooperate\u201d to help crack down on the black market (<u><a href=\"https:\/\/www.facebook.com\/YahdothFiMasr\/videos\/628655880846055\/\">watch, runtime: 6:38<\/a><\/u>).<\/p>\n<p><strong>A multi-ship collision in the Suez Canal has not slowed down maritime traffic<\/strong>, Suez Canal Authority boss Mohab Mamish told Yahduth fi Masr\u2019s Sherif Amer. Mamish said that these collisions are nothing to be concerned about considering the volume of traffic passing through the canal, and went on to boast about the canal\u2019s record profits from last year (<u><a href=\"https:\/\/www.facebook.com\/YahdothFiMasr\/videos\/628636717514638\/\">watch, runtime: 7:28<\/a><\/u>).<\/p>\n<p><strong>We probably haven\u2019t uncovered Alexander the Great\u2019s tomb:<\/strong> Speculation that the black granite sarcophagus unearthed in Alexandria belongs to Alexander the Great is completely false, Supreme Council of Antiquities head Mostafa Waziri said on Hona Al Asema. A team of archaeologists will open the sarcophagus today and put an end to the mystery (<u><a href=\"https:\/\/www.youtube.com\/watch?v=-PktSefOVs4\">watch, runtime: 07:08<\/a><\/u>).<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-last-nights-talk-shows\/\">Enterprise+: Last Night\u2019s Talk Shows<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627092\" 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=\"627092\">\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\/19\/madbouly-cabinet-officially-approves-state-privatization-program\/\">\r\n                            Madbouly Cabinet officially approves state 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\/19\/madbouly-cabinet-officially-approves-state-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\/19\/madbouly-cabinet-officially-approves-state-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\/19\/madbouly-cabinet-officially-approves-state-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=Madbouly Cabinet officially approves state privatization program&url=https:\/\/enterpriseam.com\/egypt\/2018\/07\/19\/madbouly-cabinet-officially-approves-state-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\/19\/madbouly-cabinet-officially-approves-state-privatization-program\/&title=Madbouly Cabinet officially approves state 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=Madbouly+Cabinet+officially+approves+state+privatization+program+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F07%2F19%2Fmadbouly-cabinet-officially-approves-state-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\/19\/madbouly-cabinet-officially-approves-state-privatization-program\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627092\" class=\"content-area-description single-story post-627092 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>CABINET WATCH- The Madbouly Cabinet officially signed off yesterday on the state privatization program<\/strong>, <u><a href=\"http:\/\/www.cabinet.gov.eg\/Arabic\/MediaCenter\/CabinetNews\/Pages\/Cabinet-Meeting-No5,Dr.Moustafa-Madbouly.aspx\">according to a statement<\/a><\/u>. The statement provides no further details on the program, including the size of the offerings, or the timeline. The cabinet <u><a href=\"https:\/\/enterprise.press\/stories\/2018\/07\/18\/govt-names-five-companies-to-pilot-privatization-program\/\">had announced on Tuesday<\/a><\/u> that five already-listed state companies will pilot the privatization program with additional stake sales. 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>Ministers approve new wheat shipments as GASC drops AOS as wheat supplier:<\/strong> The General Authority for Supply Commodities (GASC) has removed Dubai-based trader AOS from its list of approved suppliers, <u><a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL8N1UE3K5\">according to Reuters<\/a><\/u>. The cabinet approved yesterday the purchase of 120k tonnes of wheat from two other traders to replace the shipments AOS had been contracted to provide. A GASC official said yesterday the two shipments have already arrived in Egypt, but did not disclose which trading firms supplied the cargoes, according to the newswire. GASC had <u><a href=\"https:\/\/enterprise.press\/stories\/2018\/06\/10\/gasc-cancels-wheat-shipment-from-dubai-based-aos\/\">canceled a wheat shipment from AOS<\/a><\/u> in June after repeated delays in delivery. The company had been given two extensions for delivering the wheat but had failed to meet both deadlines, Supply Minister Ali El Moselhy said at the time.<\/p>\n<p>Other decisions taken during the weekly meeting:<\/p>\n<ul>\n<li>Beginning <strong>negotiations with a Hassan Allam-led consortium to arrange a USD 4.4 bn loan<\/strong> to finance the 6 GW Hamrawein \u201cclean coal\u201d power plant whose contract the consortium <u><a href=\"https:\/\/enterprise.press\/stories\/2018\/06\/25\/hassan-allam-consortium-wins-contract-for-usd-4-4-bn-hamrawein-clean-coal-power-plant-on-the-red-sea\/\">won last month<\/a><\/u>; <\/li>\n<li>Approving a <strong>EGP 2.5 bn direct order agreement with state-owned vaccine manufacturer Vacsera<\/strong> to supply serums and vaccines; <\/li>\n<li><strong>Reducing the minimum GPA requirement for North Sinai students\u2019<\/strong> enrolment in university. <\/li>\n<\/ul>\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=\"627105\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627106\" 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=\"627106\">\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\/19\/what-were-tracking-this-week-and-beyond-120\/\">\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\/19\/what-were-tracking-this-week-and-beyond-120\/\" 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\/19\/what-were-tracking-this-week-and-beyond-120\/')\">\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\/19\/what-were-tracking-this-week-and-beyond-120\/\">\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\/19\/what-were-tracking-this-week-and-beyond-120\/\">\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\/19\/what-were-tracking-this-week-and-beyond-120\/&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%2F19%2Fwhat-were-tracking-this-week-and-beyond-120%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\/19\/what-were-tracking-this-week-and-beyond-120\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627106\" class=\"content-area-description single-story post-627106 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 is set to inaugurate the three 14.4 GW Siemens combined-cycle power plants<\/strong> in Burullus, Beni Suef and the new capital next Tuesday, according to government sources.<\/p>\n<p><strong>El Sisi might also be visiting Beijing in September<\/strong> to attend the Forum on China-Africa Cooperation.<\/p>\n<p><strong>The sixth National Youth Conference is set to be taking place by the end of this month<\/strong>. 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\u201d initiative. The upcoming edition will be directed towards university students, but it remains unclear where it will be held.<\/p>\n<p><strong>Our friends at the American Chambers of Commerce (AmCham) will be hosting Finance Minister Mohamed Maait for its monthly luncheon on Monday, 30 July.<\/strong> Maait, who will address AmCham for the first time as Finance Minister, will discuss Egypt\u2019s financial reform agenda. <u><a href=\"https:\/\/www.amcham.org.eg\/login\/login.asp?ReturnUrl=%2Fcyberlink%2Fevents%2Fregister%2F1154%2F\">You can register for the event here<\/a><\/u>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"627107\" 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=\"627107\">\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\/19\/press-and-media-again-tops-coverage-of-egypt-in-the-foreign-press\/\">\r\n                            Press and Media again tops coverage of Egypt in the foreign press                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" 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\/19\/press-and-media-again-tops-coverage-of-egypt-in-the-foreign-press\/\" 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\/19\/press-and-media-again-tops-coverage-of-egypt-in-the-foreign-press\/')\">\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\/19\/press-and-media-again-tops-coverage-of-egypt-in-the-foreign-press\/\">\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=Press and Media again tops coverage of Egypt in the foreign press&url=https:\/\/enterpriseam.com\/egypt\/2018\/07\/19\/press-and-media-again-tops-coverage-of-egypt-in-the-foreign-press\/\">\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\/19\/press-and-media-again-tops-coverage-of-egypt-in-the-foreign-press\/&title=Press and Media again tops coverage of Egypt in the foreign press\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Press+and+Media+again+tops+coverage+of+Egypt+in+the+foreign+press+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F07%2F19%2Fpress-and-media-again-tops-coverage-of-egypt-in-the-foreign-press%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/19\/press-and-media-again-tops-coverage-of-egypt-in-the-foreign-press\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627107\" class=\"content-area-description single-story post-627107 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-egypt-in-the-news tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Topping coverage of Egypt in the foreign press for the third straight morning is the House of Representatives passing the Press and Media Act<\/strong>, as the news filters down to the wider media landscape. As with yesterday\u2019s coverage the focus was squarely on media censorship. <u><a href=\"https:\/\/www.wsj.com\/articles\/throughout-middle-east-the-web-is-being-walled-off-1531915200?mod=searchresults&page=1&pos=1\">The Wall Street Journal<\/a><\/u> is making comparisons between the law and similar legislation in China, to make the point that the internet is being walled off throughout the Middle East. Coverage from the likes of <u><a href=\"https:\/\/www.washingtonpost.com\/world\/middle_east\/egypt-passes-legislation-to-block-some-social-media-accounts\/2018\/07\/18\/4228a0c0-8a6a-11e8-9d59-dccc2c0cabcf_story.html?utm_term=.814dff63ea3f\">the AP<\/a><\/u> and <u><a href=\"https:\/\/www.newsweek.com\/egypt-passes-new-restrictions-free-press-1031784\">Newsweek<\/a><\/u> are particularly honing in on the social media provisions of the law, which classify accounts of over 5,000 followers as media outlets and thus subject to regulation.<\/p>\n<p><strong>So you can have an idea how slow the news day is:<\/strong> The second most featured story on Egypt was that <u><a href=\"http:\/\/www.euronews.com\/2018\/07\/18\/what-s-in-egypt-s-2-000-year-old-black-box-and-should-it-be-opened-\">mysterious 2000-year old sarcophagus<\/a><\/u> in Alexandria, who some are claiming could help find the tomb of the Alexander the Great.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-in-the-news\/\">Egypt in the News<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627108\" 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=\"627108\">\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\/19\/do-foreign-residents-even-want-the-egyptian-citizenship\/\">\r\n                            Do foreign residents even want the Egyptian citizenship?                        <\/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\/19\/do-foreign-residents-even-want-the-egyptian-citizenship\/\" 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\/19\/do-foreign-residents-even-want-the-egyptian-citizenship\/')\">\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\/19\/do-foreign-residents-even-want-the-egyptian-citizenship\/\">\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=Do foreign residents even want the Egyptian citizenship?&url=https:\/\/enterpriseam.com\/egypt\/2018\/07\/19\/do-foreign-residents-even-want-the-egyptian-citizenship\/\">\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\/19\/do-foreign-residents-even-want-the-egyptian-citizenship\/&title=Do foreign residents even want the Egyptian citizenship?\">\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=Do+foreign+residents+even+want+the+Egyptian+citizenship%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F07%2F19%2Fdo-foreign-residents-even-want-the-egyptian-citizenship%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\/19\/do-foreign-residents-even-want-the-egyptian-citizenship\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627108\" class=\"content-area-description single-story post-627108 post type-post status-publish format-standard hentry category-on-deadline tag-enterpriseam tag-on-deadline wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Do foreign residents even want the Egyptian citizenship?<\/strong> The recently-passed law allowing foreign residents to obtain the Egyptian citizenship in exchange for a EGP 7 mn bank deposit does not seem to be very well thought out, Ashraf El Barbary <u><a href=\"http:\/\/www.shorouknews.com\/columns\/view.aspx?cdate=18072018&id=fb8e91cc-684e-4ce2-a6d5-fe18b7f51cdf\">writes for Al Shorouk<\/a><\/u>. El Barbary wonders whether any feasibility studies were conducted on the move, and whether there are actually any foreign residents who have voiced their willingness to \u201cbuy\u201d the citizenship if there were a law allowing it. The biggest issue, however, is that buying into a citizenship is meant to provide perks such as a passport that allows visa-free travel, or top notch public services, which Egypt is unable to provide for its existing nationals.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/on-deadline\/\">On Deadline<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627109\" 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=\"627109\">\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\/19\/what-do-you-do-when-your-companys-charismatic-founder-goes-cuckoo\/\">\r\n                            What do you do when your company\u2019s charismatic founder goes cuckoo?                        <\/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\/19\/what-do-you-do-when-your-companys-charismatic-founder-goes-cuckoo\/\" 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\/19\/what-do-you-do-when-your-companys-charismatic-founder-goes-cuckoo\/')\">\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\/19\/what-do-you-do-when-your-companys-charismatic-founder-goes-cuckoo\/\">\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 do you do when your company\u2019s charismatic founder goes cuckoo?&url=https:\/\/enterpriseam.com\/egypt\/2018\/07\/19\/what-do-you-do-when-your-companys-charismatic-founder-goes-cuckoo\/\">\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\/19\/what-do-you-do-when-your-companys-charismatic-founder-goes-cuckoo\/&title=What do you do when your company\u2019s charismatic founder goes cuckoo?\">\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+do+you+do+when+your+company%E2%80%99s+charismatic+founder+goes+cuckoo%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F07%2F19%2Fwhat-do-you-do-when-your-companys-charismatic-founder-goes-cuckoo%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\/19\/what-do-you-do-when-your-companys-charismatic-founder-goes-cuckoo\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2018\/7\/361.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"627110\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/19\/what-do-you-do-when-your-companys-charismatic-founder-goes-cuckoo\/361-jpg-16\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/7\/361.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"361.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/7\/361.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/7\/361.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627109\" class=\"content-area-description single-story post-627109 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><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>What do you do when your company\u2019s charismatic founder goes cuckoo?<\/strong> Make sure you have a succession plan. It is looking increasingly certain that we have moved beyond the age of worshipping gilded titans and company founders. We are now in an age of their annoying younger brothers, or as the <u><a href=\"https:\/\/www.ft.com\/content\/18f62b52-88e2-11e8-b18d-0181731a0340\">FT\u2019s Brooke Masters<\/a><\/u> puts it, \u201centrepreneurs who succeeded initially but then failed to come up with a succession plan \u2014 or worse, stayed on so long that they became an embarrassment or a hindrance to the company.\u201d \u201cFocusing a company around a charismatic founder makes a lot of sense early on. It can help create a compelling story that attracts top-quality staff as well as customers,\u201d says Noam Wasserman, a University of Southern California professor. But there are also \u201cheightened risks [that] come when the infallible founder has strong control of company decisions, with no real checks on him\u201d, Wasserman warns.<\/p>\n<p><strong>The case studies pile up:<\/strong> Masters does a great job in racking up the list of companies who failed to plan for their founders exit. There was Papa John\u2019s founder John Schnatter, whose railing against the NFL protests and racial slurs forced the company to fire him, leaving it without a leader. Uber founder Travis Kalanick\u2019s fall was well documented. And while his replacement Dara Khosrowshahi has stepped up, his early moments in the driver\u2019s seat was marked by a focus to change the tone and defuse regulatory fights. WPP founder Martin Sorrell's exit is a case in point, after he left amid allegations of personal misconduct. Three months on, WPP is still being led by its chairman.<\/p>\n<p><strong>The answer? Look to big finance: <\/strong>Wasserman suggests that the smartest path is to plan for a staged withdrawal, much as the big private equity firms Blackstone, Carlyle and KKR are starting to do with their founding partners. \u201cEach firm has elevated likely successors and is giving them time to settle in.\u201d<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/worth-reading\/\">worth reading<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627111\" 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=\"627111\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">Worth watching<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/19\/huda-shaarawi-the-feminist-who-revolutionized-egypt\/\">\r\n                            Huda Shaarawi: The feminist who revolutionized 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\/19\/huda-shaarawi-the-feminist-who-revolutionized-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\/19\/huda-shaarawi-the-feminist-who-revolutionized-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\/19\/huda-shaarawi-the-feminist-who-revolutionized-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=Huda Shaarawi: The feminist who revolutionized Egypt&url=https:\/\/enterpriseam.com\/egypt\/2018\/07\/19\/huda-shaarawi-the-feminist-who-revolutionized-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\/19\/huda-shaarawi-the-feminist-who-revolutionized-egypt\/&title=Huda Shaarawi: The feminist who revolutionized 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=Huda+Shaarawi%3A+The+feminist+who+revolutionized+Egypt+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F07%2F19%2Fhuda-shaarawi-the-feminist-who-revolutionized-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\/19\/huda-shaarawi-the-feminist-who-revolutionized-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2018\/7\/206.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"627112\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/19\/huda-shaarawi-the-feminist-who-revolutionized-egypt\/206-jpg-26\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/7\/206.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"206.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/7\/206.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/7\/206.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627111\" class=\"content-area-description single-story post-627111 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-watching tag-enterpriseam tag-worth-watching wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>BBC names Egyptian feminist Huda Shaarawi among African women who changed the world:<\/strong> At a time when Egyptian women were denied their basic rights in Egyptian society, Huda Shaarawi emerged as a feminist revolutionary figure who called for equal access to education and deconstructing various taboos that held back Egyptian women. The BBC honors Shaarawi in its series on eight African women who changed the world \u201cwhose stories deserve to be heard\u201d <u><a href=\"https:\/\/www.bbc.com\/news\/av\/world-africa-44814874\/huda-shaarawi-egyptian-feminist-who-started-a-revolution\">(watch, runtime: 2:15<\/a><\/u>).<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/worth-watching\/\">worth watching<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627113\" 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=\"627113\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">Diplomacy + Foreign Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/19\/egypt-undp-sign-declaration-of-intent-for-grant-to-support-sinais-development\/\">\r\n                            Egypt, UNDP sign declaration of intent for grant to support Sinai\u2019s 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\/19\/egypt-undp-sign-declaration-of-intent-for-grant-to-support-sinais-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\/19\/egypt-undp-sign-declaration-of-intent-for-grant-to-support-sinais-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\/19\/egypt-undp-sign-declaration-of-intent-for-grant-to-support-sinais-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=Egypt, UNDP sign declaration of intent for grant to support Sinai\u2019s development&url=https:\/\/enterpriseam.com\/egypt\/2018\/07\/19\/egypt-undp-sign-declaration-of-intent-for-grant-to-support-sinais-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\/19\/egypt-undp-sign-declaration-of-intent-for-grant-to-support-sinais-development\/&title=Egypt, UNDP sign declaration of intent for grant to support Sinai\u2019s 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=Egypt%2C+UNDP+sign+declaration+of+intent+for+grant+to+support+Sinai%E2%80%99s+development+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F07%2F19%2Fegypt-undp-sign-declaration-of-intent-for-grant-to-support-sinais-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\/19\/egypt-undp-sign-declaration-of-intent-for-grant-to-support-sinais-development\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627113\" class=\"content-area-description single-story post-627113 post type-post status-publish format-standard hentry category-diplomacy-foreign-trade tag-diplomacy-foreign-trade tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.34bc2c0d-c8fa-4480-b54b-52051ed415c0.mp3\"><\/audio><\/figure>\n<p><strong>Egypt, UNDP sign declaration of intent for grant to support Sinai development project:<\/strong> Investment and International Cooperation Minister Sahar Nasr inked yesterday a letter of intent for a grant from the UN Development Programme to support the government\u2019s development of the Sinai peninsula, <u><a href=\"http:\/\/www.miic.gov.eg\/Arabic\/MediaCenter\/News\/Pages\/%D9%85%D8%B5%D8%B1-%D8%AA%D9%88%D9%82%D8%B9-%D9%85%D8%B9-%D8%A7%D9%84%D8%A3%D9%85%D9%85-%D8%A7%D9%84%D9%85%D8%AA%D8%AD%D8%AF%D8%A9-%D8%A7%D8%B9%D9%84%D8%A7%D9%86-%D9%86%D9%88%D8%A7%D9%8A%D8%A7-%D9%84%D8%AA%D9%82%D8%AF%D9%8A%D9%85-%D9%85%D9%86%D8%AD%D8%A9-%D9%84%D8%AF%D8%B9%D9%85-%D8%A8%D8%B1%D9%86%D8%A7%D9%85%D8%AC-%D8%AA%D9%86%D9%85%D9%8A%D8%A9-%D8%B4%D8%A8%D9%87-%D8%AC%D8%B2%D9%8A%D8%B1%D8%A9-%D8%B3%D9%8A%D9%86%D8%A7%D8%A1.aspx\">according to a ministry statement<\/a><\/u>. The value of the grant was not disclosed. The government has recently been shopping around for loans and grants to finance the government\u2019s ambitious plans for Sinai\u2019s development. Nasr was reportedly in talks with <u><a href=\"https:\/\/enterprise.press\/stories\/2018\/04\/30\/nasr-in-talks-with-world-bank-on-usd-1-bn-loan-to-develop-sinai\/\">World Bank on USD 1 bn loan<\/a><\/u> to develop Sinai. The Arab Fund for Economic and Social Development had also pledged <u><a href=\"https:\/\/enterprise.press\/stories\/2018\/04\/11\/arab-fund-pledges-usd-2-8-mn-for-sinai-development\/\">three grants of USD 2.8 mn<\/a><\/u> in total to support the development projects.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"627117\" 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=\"627117\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">Infrastructure<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/19\/housing-ministry-signs-eur-30-mn-grant-agreement-with-giz-for-slums-development\/\">\r\n                            Housing Ministry signs EUR 30 mn grant agreement with GIZ for slums 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\/19\/housing-ministry-signs-eur-30-mn-grant-agreement-with-giz-for-slums-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\/19\/housing-ministry-signs-eur-30-mn-grant-agreement-with-giz-for-slums-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\/19\/housing-ministry-signs-eur-30-mn-grant-agreement-with-giz-for-slums-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=Housing Ministry signs EUR 30 mn grant agreement with GIZ for slums development&url=https:\/\/enterpriseam.com\/egypt\/2018\/07\/19\/housing-ministry-signs-eur-30-mn-grant-agreement-with-giz-for-slums-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\/19\/housing-ministry-signs-eur-30-mn-grant-agreement-with-giz-for-slums-development\/&title=Housing Ministry signs EUR 30 mn grant agreement with GIZ for slums 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=Housing+Ministry+signs+EUR+30+mn+grant+agreement+with+GIZ+for+slums+development+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F07%2F19%2Fhousing-ministry-signs-eur-30-mn-grant-agreement-with-giz-for-slums-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\/19\/housing-ministry-signs-eur-30-mn-grant-agreement-with-giz-for-slums-development\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627117\" class=\"content-area-description single-story post-627117 post type-post status-publish format-standard hentry category-infrastructure tag-enterpriseam tag-infrastructure wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.627f7a2b-6481-4c4e-b0b0-ef159b115d1b.mp3\"><\/audio><\/figure>\n<p>The Housing Ministry signed yesterday a EUR 30 mn grant agreement with the German International Cooperation Agency (GIZ) to develop the infrastructure in nine slum areas in Cairo, Amwal Al Ghad reports. The projects, financed by the European Union and the German Federal Ministry for Economic Cooperation and Development, will be implemented in cooperation with Egypt\u2019s Slum Development Fund.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627118\" 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=\"627118\">\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\/19\/moc-petroleum-recycling-plans-to-build-egp-270-mn-waste-tire-rubber-recycling-plant\/\">\r\n                            MOC Petroleum Recycling plans to build EGP 270 mn waste tire, rubber recycling plant                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/19\/moc-petroleum-recycling-plans-to-build-egp-270-mn-waste-tire-rubber-recycling-plant\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2018\/07\/19\/moc-petroleum-recycling-plans-to-build-egp-270-mn-waste-tire-rubber-recycling-plant\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2018\/07\/19\/moc-petroleum-recycling-plans-to-build-egp-270-mn-waste-tire-rubber-recycling-plant\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=MOC Petroleum Recycling plans to build EGP 270 mn waste tire, rubber recycling plant&url=https:\/\/enterpriseam.com\/egypt\/2018\/07\/19\/moc-petroleum-recycling-plans-to-build-egp-270-mn-waste-tire-rubber-recycling-plant\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2018\/07\/19\/moc-petroleum-recycling-plans-to-build-egp-270-mn-waste-tire-rubber-recycling-plant\/&title=MOC Petroleum Recycling plans to build EGP 270 mn waste tire, rubber recycling plant\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=MOC+Petroleum+Recycling+plans+to+build+EGP+270+mn+waste+tire%2C+rubber+recycling+plant+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F07%2F19%2Fmoc-petroleum-recycling-plans-to-build-egp-270-mn-waste-tire-rubber-recycling-plant%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/19\/moc-petroleum-recycling-plans-to-build-egp-270-mn-waste-tire-rubber-recycling-plant\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627118\" class=\"content-area-description single-story post-627118 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\/.e4fd2494-2343-41e5-941f-881d4da9ff05.mp3\"><\/audio><\/figure>\n<p><u><a href=\"http:\/\/moc-prc.com\/Aboutus.aspx\">MOC Petroleum Recycling<\/a><\/u> is planning to invest EGP 270 mn to establish a new waste tire and rubber recycling plant in Giza this year, <u><a href=\"https:\/\/www.youm7.com\/story\/2018\/7\/18\/%D8%B9%D9%85%D9%88%D9%85%D9%8A%D8%A9-%D8%A3%D9%88%D8%B1%D9%86%D8%AC-%D9%85%D8%B5%D8%B1-%D8%AA%D8%B9%D8%AA%D9%85%D8%AF-%D8%AA%D8%B9%D9%8A%D9%8A%D9%86-%D9%8A%D8%A7%D8%B3%D8%B1-%D8%B4%D8%A7%D9%83%D8%B1-%D8%B9%D8%B6%D9%88%D8%A7-%D9%85%D9%86%D8%AA%D8%AF%D8%A8%D8%A7-%D9%84%D9%85%D8%AC%D9%84%D8%B3\/3877274\">VP Yehia Rafik tells Al Mal<\/a><\/u>. The plant is expected to recycle 500 tonnes per day, Rafik said. The operating license for the plant is expected to be issued in the next few days.<\/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\/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=\"627119\" 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=\"627119\">\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\/19\/sico-exports-locally-made-smartphones-and-tablets-to-kuwait\/\">\r\n                            SICO exports locally-made smartphones and tablets to Kuwait                        <\/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\/19\/sico-exports-locally-made-smartphones-and-tablets-to-kuwait\/\" 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\/19\/sico-exports-locally-made-smartphones-and-tablets-to-kuwait\/')\">\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\/19\/sico-exports-locally-made-smartphones-and-tablets-to-kuwait\/\">\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=SICO exports locally-made smartphones and tablets to Kuwait&url=https:\/\/enterpriseam.com\/egypt\/2018\/07\/19\/sico-exports-locally-made-smartphones-and-tablets-to-kuwait\/\">\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\/19\/sico-exports-locally-made-smartphones-and-tablets-to-kuwait\/&title=SICO exports locally-made smartphones and tablets to Kuwait\">\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=SICO+exports+locally-made+smartphones+and+tablets+to+Kuwait+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F07%2F19%2Fsico-exports-locally-made-smartphones-and-tablets-to-kuwait%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\/19\/sico-exports-locally-made-smartphones-and-tablets-to-kuwait\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627119\" class=\"content-area-description single-story post-627119 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\/.c9a34c34-9d42-470a-b271-9ec7ec92acbe.mp3\"><\/audio><\/figure>\n<p>SICO Technology has exported the first batch of its Egyptian-made Nile X smartphones and <u><a href=\"https:\/\/enterprise.press\/stories\/2018\/06\/28\/sico-launches-first-egyptian-made-tablet-to-raise-capex-to-egp-1-bn\/\">SICO Express 3 tablets<\/a><\/u> to Kuwait, CEO Mohamed Salem <u><a href=\"http:\/\/almalnews.com\/Story\/383165\/17\/-%D8%B3%D9%8A%D9%83%D9%88--%D8%AA%D8%B5%D8%AF%D8%B1-3200-%D9%87%D8%A7%D8%AA%D9%81-%D8%B0%D9%83%D9%89-%D9%88%D8%AA%D8%A7%D8%A8%D9%84%D8%AA-%D9%84%D9%84%D9%83%D9%88%D9%8A%D8%AA%E2%80%8E\">tells Al Mal<\/a><\/u>. The first batch includes 1200 smartphones and 2000 tablets, Salem adds. Nile X, which was introduced during Cairo ICT last year and went on sale locally <u><a href=\"https:\/\/enterprise.press\/stories\/2018\/02\/18\/egypt-comes-down-to-fourth-from-second-place-on-bloombergs-misery-index-2018\/\">back in February<\/a><\/u>, is currently <u><a href=\"https:\/\/enterprise.press\/stories\/2018\/06\/06\/sico-exports-locally-made-smartphone-to-uae\/\">sold in the UAE<\/a><\/u> and is expected to debut in Saudi Arabia and Oman over the coming few months.<\/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\/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=\"627120\" 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=\"627120\">\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\/19\/smg-plans-to-bring-electric-porsche-taycan-in-egyptian-markets-by-2020\/\">\r\n                            SMG plans to bring electric Porsche Taycan in Egyptian markets by 2020                        <\/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\/19\/smg-plans-to-bring-electric-porsche-taycan-in-egyptian-markets-by-2020\/\" 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\/19\/smg-plans-to-bring-electric-porsche-taycan-in-egyptian-markets-by-2020\/')\">\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\/19\/smg-plans-to-bring-electric-porsche-taycan-in-egyptian-markets-by-2020\/\">\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=SMG plans to bring electric Porsche Taycan in Egyptian markets by 2020&url=https:\/\/enterpriseam.com\/egypt\/2018\/07\/19\/smg-plans-to-bring-electric-porsche-taycan-in-egyptian-markets-by-2020\/\">\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\/19\/smg-plans-to-bring-electric-porsche-taycan-in-egyptian-markets-by-2020\/&title=SMG plans to bring electric Porsche Taycan in Egyptian markets by 2020\">\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=SMG+plans+to+bring+electric+Porsche+Taycan+in+Egyptian+markets+by+2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F07%2F19%2Fsmg-plans-to-bring-electric-porsche-taycan-in-egyptian-markets-by-2020%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\/19\/smg-plans-to-bring-electric-porsche-taycan-in-egyptian-markets-by-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627120\" class=\"content-area-description single-story post-627120 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\/.ba92ceaf-2cd5-48b8-bbaf-c2828cf54b4f.mp3\"><\/audio><\/figure>\n<p>SMG Engineering Automotive, the distributor of Porsche cars in Egypt, is planning to launch the all-electric Porsche Taycan in Egypt by 2020, <u><a href=\"http:\/\/almalnews.com\/Story\/383140\/18\/-%D8%A5%D8%A8%D8%B1%D8%A7%D9%87%D9%8A%D9%85-%D8%BA%D8%B7%D8%A7%D8%B3-%D8%B1%D8%A6%D9%8A%D8%B3-%C2%ABSMG%C2%BB%D8%B7%D8%B1%D8%AD-%D8%A8%D9%88%D8%B1%D8%B4-%D8%AA%D8%A7%D9%8A%D9%83%D8%A7%D9%86-%D8%A7%D9%84%D9%83%D9%87%D8%B1%D8%A8%D8%A7%D8%A6%D9%8A%D8%A9-%D9%85%D8%AD%D9%84%D9%8A%D9%8B%D8%A7-%D8%A8%D8%AD%D9%84%D9%88%D9%84-2020\">SMG boss Ibrahim El Ghattas tells Al Mal<\/a><\/u>. SMG is currently in talks with Porsche AG to test the Egyptian market\u2019s appetite for the cars. Taycan cars will debut in European markets by 2H2019.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/automotive-transportation\/\">Automotive + Transportation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627121\" 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=\"627121\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">14<\/div>\r\n\r\n                    <p class=\"f-graphik\">Other Business News of Note<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/19\/200-egyptian-hundreds-of-foreign-companies-apply-for-prequalification-in-gem-operations-tender\/\">\r\n                            200 Egyptian, \u201chundreds\u201d of foreign companies apply for prequalification in GEM operations tender                        <\/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\/19\/200-egyptian-hundreds-of-foreign-companies-apply-for-prequalification-in-gem-operations-tender\/\" 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\/19\/200-egyptian-hundreds-of-foreign-companies-apply-for-prequalification-in-gem-operations-tender\/')\">\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\/19\/200-egyptian-hundreds-of-foreign-companies-apply-for-prequalification-in-gem-operations-tender\/\">\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=200 Egyptian, \u201chundreds\u201d of foreign companies apply for prequalification in GEM operations tender&url=https:\/\/enterpriseam.com\/egypt\/2018\/07\/19\/200-egyptian-hundreds-of-foreign-companies-apply-for-prequalification-in-gem-operations-tender\/\">\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\/19\/200-egyptian-hundreds-of-foreign-companies-apply-for-prequalification-in-gem-operations-tender\/&title=200 Egyptian, \u201chundreds\u201d of foreign companies apply for prequalification in GEM operations tender\">\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=200+Egyptian%2C+%E2%80%9Chundreds%E2%80%9D+of+foreign+companies+apply+for+prequalification+in+GEM+operations+tender+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F07%2F19%2F200-egyptian-hundreds-of-foreign-companies-apply-for-prequalification-in-gem-operations-tender%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\/19\/200-egyptian-hundreds-of-foreign-companies-apply-for-prequalification-in-gem-operations-tender\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627121\" class=\"content-area-description single-story post-627121 post type-post status-publish format-standard hentry category-other-business-news-of-note tag-enterpriseam tag-other-business-news-of-note wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.60b49b7e-85f4-4dee-b28b-9802f71dcc20.mp3\"><\/audio><\/figure>\n<p>Around 200 Egyptian companies and \u201chundreds\u201d of foreign companies have applied for prequalification for the tender to manage and operate the Grand Egyptian Museum\u2019s facilities, GEM supervisor <u><a href=\"https:\/\/alborsanews.com\/2018\/07\/18\/1117044\">Tarek Tawfik said yesterday<\/a><\/u>. The USD 1 bn museum will host a number of facilities, including a conference center, cinema, and restaurants. Investors have until 21 August to submit their documents for prequalification. Tawfik did not disclose when the list of qualified companies will be announced.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/other-business-news-of-note\/\">Other Business News of Note<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627122\" 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=\"627122\">\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\">National Security<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/19\/british-senior-defense-advisor-meets-with-egyptian-armed-forces-officials\/\">\r\n                            British senior defense advisor meets with Egyptian Armed Forces officials                        <\/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\/19\/british-senior-defense-advisor-meets-with-egyptian-armed-forces-officials\/\" 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\/19\/british-senior-defense-advisor-meets-with-egyptian-armed-forces-officials\/')\">\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\/19\/british-senior-defense-advisor-meets-with-egyptian-armed-forces-officials\/\">\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=British senior defense advisor meets with Egyptian Armed Forces officials&url=https:\/\/enterpriseam.com\/egypt\/2018\/07\/19\/british-senior-defense-advisor-meets-with-egyptian-armed-forces-officials\/\">\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\/19\/british-senior-defense-advisor-meets-with-egyptian-armed-forces-officials\/&title=British senior defense advisor meets with Egyptian Armed Forces officials\">\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=British+senior+defense+advisor+meets+with+Egyptian+Armed+Forces+officials+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F07%2F19%2Fbritish-senior-defense-advisor-meets-with-egyptian-armed-forces-officials%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\/19\/british-senior-defense-advisor-meets-with-egyptian-armed-forces-officials\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627122\" class=\"content-area-description single-story post-627122 post type-post status-publish format-standard hentry category-national-security tag-enterpriseam tag-national-security wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.641ca3a4-7955-4188-bef6-ed23e19a1db7.mp3\"><\/audio><\/figure>\n<p>British Senior Defense Advisor John Lorimer met yesterday with several Egyptian Armed Forces officials in Cairo to discuss \u201cshared challenges and threats\u201d and security cooperation between Egypt and the UK, <u><a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/307189\/Egypt\/Politics-\/Keeping-Egypt-safe-means-keeping-Britain-safe,-say.aspx\">Ahram Online reports<\/a><\/u>. Lorimer stressed the UK\u2019s commitment to improving Egypt\u2019s security, which he said is a key component of safeguarding the UK\u2019s safety.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/national-security\/\">national security<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627123\" 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=\"627123\">\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\/19\/trezeguets-transfer-to-czech-football-club-sk-slavia-prague-falls-through\/\">\r\n                            Trezeguet\u2019s transfer to Czech football club SK Slavia Prague falls through                        <\/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\/19\/trezeguets-transfer-to-czech-football-club-sk-slavia-prague-falls-through\/\" 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\/19\/trezeguets-transfer-to-czech-football-club-sk-slavia-prague-falls-through\/')\">\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\/19\/trezeguets-transfer-to-czech-football-club-sk-slavia-prague-falls-through\/\">\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=Trezeguet\u2019s transfer to Czech football club SK Slavia Prague falls through&url=https:\/\/enterpriseam.com\/egypt\/2018\/07\/19\/trezeguets-transfer-to-czech-football-club-sk-slavia-prague-falls-through\/\">\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\/19\/trezeguets-transfer-to-czech-football-club-sk-slavia-prague-falls-through\/&title=Trezeguet\u2019s transfer to Czech football club SK Slavia Prague falls through\">\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=Trezeguet%E2%80%99s+transfer+to+Czech+football+club+SK+Slavia+Prague+falls+through+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F07%2F19%2Ftrezeguets-transfer-to-czech-football-club-sk-slavia-prague-falls-through%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\/19\/trezeguets-transfer-to-czech-football-club-sk-slavia-prague-falls-through\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627123\" class=\"content-area-description single-story post-627123 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\/.b75a461a-6561-405f-ae1d-f9c137899f06.mp3\"><\/audio><\/figure>\n<p><strong>Egyptian winger Mahmoud \u201cTrezeguet\u201d Hassan\u2019s move to Czech football club SK Slavia Prague has fallen through<\/strong>, <u><a href=\"https:\/\/www.kingfut.com\/2018\/07\/18\/slavia-praha-trezeguet\/\">King Fut reports<\/a><\/u>. Slavia Prague had reportedly agreed to pay the EUR 5 mn required to release Trezeguet from his current contract with Kasimpasa \u2014 the Turkish club Trezeguet currently plays for. However, the transfer \u201cdidn\u2019t work out\u201d after the Czech club\u2019s manager traveled to Turkey to put ink to paper. The winger will now remain with the Turkish team.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627124\" 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=\"627124\">\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\/19\/627124\/\">\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\/19\/627124\/\" 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\/19\/627124\/')\">\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\/19\/627124\/\">\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\/19\/627124\/\">\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\/19\/627124\/&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%2F19%2F627124%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\/19\/627124\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627124\" class=\"content-area-description single-story post-627124 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> (Wednesday): 15,579 (+1.0%)<br \/>\n <strong>Turnover:<\/strong> EGP 754 mn (21% below the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: +3.7%<\/p>\n<p><strong>THE MARKET ON WEDNESDAY:<\/strong> The EGX30 ended Wednesday\u2019s session up 1.0%. CIB, the index heaviest constituent ended up 0.7%. EGX30\u2019s top performing constituents were Heliopolis Housing up 4.7%, Emaar Misr up 4.3%, and Porto Group up 4.2%. Yesterday\u2019s worst performing stocks were Elsewedy Electric down 0.9%, Egyptian Iron & Steel down 0.3%, and Abu Dhabi Islamic Bank flat. The market turnover was EGP 754 mn, and foreign investors were the sole net sellers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Short | EGP -52.2 mn<br \/>\n <strong>Regional<\/strong>: Net Long | EGP +10.7 mn<br \/>\n <strong>Domestic<\/strong>: Net Long | EGP +41.5 mn<\/p>\n<p><strong>Retail<\/strong>: 41.6% of total trades | 41.3% of buyers | 41.8% of sellers<br \/>\n <strong>Institutions<\/strong>: 58.4% of total trades | 58.7% of buyers | 58.2% of sellers<\/p>\n<p><strong>Foreign:<\/strong> 19.0% of total | 15.6% of buyers | 22.5% of sellers<br \/>\n <strong>Regional:<\/strong> 6.7% of total | 7.4% of buyers | 6.0% of sellers<br \/>\n <strong>Domestic:<\/strong> 74.3% of total | 77.0% of buyers | 71.5% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 68.84 (+0.12%)<br \/>\n <strong>Brent:<\/strong> USD 72.80 (-0.14%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 2.73 MMBtu, (+0.15%, August 2018 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,224.40 \/ troy ounce (-0.29%)<\/p>\n<p><strong>TASI:<\/strong> 8,452.30 (-0.12%) (YTD: 16.97%)<br \/>\n <strong>ADX:<\/strong> 4,755.01 (+0.35%) (YTD: +8.11%)<br \/>\n <strong>DFM:<\/strong> 2,931.90 (+0.64%) (YTD: -13.00%)<br \/>\n <strong>KSE Premier Market:<\/strong> 5,345.40 (-0.01%)<br \/>\n <strong>QE:<\/strong> 9,447.76 (-0.02%) (YTD: +10.85%)<br \/>\n <strong>MSM:<\/strong> 4,457.12 (+0.33%) (YTD: -12.59%)<br \/>\n <strong>BB: <\/strong>1,350.90 (-0.53%) (YTD: +1.44%)<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-market-yesterday\/\">The Market Yesterday<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627125\" 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\/19\/627125\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627125\" class=\"content-area-description single-story post-627125 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): <u><a href=\"http:\/\/www.uabonline.org\/en\/events\/conferences\/forumgreenbankingtheroadtosustainabledevelopment\/52659\/0\">Green Banking: The Road to Sustainable Development<\/a><\/u>, Baron Palace, Sahl Hasheesh, Hurghada.<\/p>\n<p>30 July (Monday): Finance Minister Mohamed Maait <u><a href=\"https:\/\/www.amcham.org.eg\/login\/login.asp?ReturnUrl=%2Fcyberlink%2Fevents%2Fregister%2F1154%2F\">will address the American Chambers of Commerce<\/a><\/u> on Egypt\u2019s financial reform agenda.<\/p>\n<p>05 August (Sunday): Egypt\u2019s <u><a href=\"https:\/\/www.markiteconomics.com\/Public\/Release\/PressReleases?language=en\">PMI reading for July<\/a><\/u> released.<\/p>\n<p>16 August (Thursday): CBE\u2019s Monetary Policy Committee meeting.<\/p>\n<p>21-25 August (Tuesday-Saturday): Eid Al Adha (TBC), national holiday.<\/p>\n<p>28-29 August (Tuesday-Wednesday): CI Capital\u2019s 5th Annual Egypt Equities Conference, Cape Town, South Africa.<\/p>\n<p>04-05 September (Tuesday-Wednesday): <u><a href=\"https:\/\/www.euromoneyconferences.com\/event\/a01D000001355HLIAY\/the-euromoney-egypt-conference-2018\">Euromoney Egypt Conference 2018<\/a><\/u>, Cairo.<\/p>\n<p>10-13 September (Monday-Thursday): <u><a href=\"https:\/\/8londonconference.efghermes.com\/pages\/home.aspx\">EFG Hermes\u2019 8th Annual London Conference<\/a><\/u>, Emirates Arsenal Stadium, London.<\/p>\n<p>11 September (Tuesday): Islamic New Year (TBC), national holiday.<\/p>\n<p>18 September (Tuesday): Cairo Economic Court to issue ruling on EGP 5.6 bn antitrust case against pharma companies including Ibnsina.<\/p>\n<p>20-23 September (Thursday-Sunday): 2018 Automech Formula car expo, Cairo International Convention Center, Nasr City, Cairo.<\/p>\n<p>22 September (Saturday): New academic year begins for public schools, universities.<\/p>\n<p>24-25 September (Monday-Tuesday): <u><a href=\"http:\/\/www.arqaamconference.com\/\">Arqaam Capital MENA Investors Conference 2018<\/a><\/u>, Four Seasons Resorts, Dubai.<\/p>\n<p>24-25 September (Monday-Tuesday): <u><a href=\"https:\/\/egyptwaterdesalination.iqpc.com\/\">Egypt Water Desalination Forum<\/a><\/u>, venue TBD.<\/p>\n<p>27 September (Thursday): CBE\u2019s Monetary Policy Committee meeting.<\/p>\n<p>06 October (Saturday): Armed Forces Day, national holiday.<\/p>\n<p>23-24 October (Tuesday-Wednesday): <u><a href=\"http:\/\/platforms-root-technologies.com\/icec-2018\/\">Intelligent Cities Exhibition & Conference 2018<\/a><\/u>, Fairmont Towers Heliopolis, Cairo.<\/p>\n<p>15 November (Thursday): CBE\u2019s Monetary Policy Committee meeting.<\/p>\n<p>20 November (Tuesday): Prophet's Birthday (TBC), national holiday.<\/p>\n<p>22 November (Thursday): US Thanksgiving.<\/p>\n<p>25-28 November (Sunday-Wednesday): 22nd Cairo ICT, Cairo Convention Center, Nasr City, Cairo.<\/p>\n<p>03-05 December (Monday-Wednesday): <u><a href=\"https:\/\/www.egyptdefenceexpo.com\/\">First Egypt Defense Expo<\/a><\/u>, Egyptian International Exhibition Center, Cairo.<\/p>\n<p>25 December (Tuesday): Western Christmas.<\/p>\n<p>27 December (Thursday): CBE\u2019s Monetary Policy Committee meeting.<\/p>\n<p>01 January 2019 (Tuesday): New Year's Day, national holiday.<\/p>\n<p>07 January 2019 (Monday): Coptic Christmas.<\/p>\n<p>25 January 2019 (Friday): Police Day, national holiday.<\/p>\n<p>25 April 2019 (Thursday): Sinai Liberation day, national holiday.<\/p>\n<p>28 April 2019 (Sunday): Easter Sunday, national holiday.<\/p>\n<p>29 April 2019 (Monday): Easter Monday, national holiday.<\/p>\n<p>01 May 2019 (Wednesday): Labor Day, national holiday.<\/p>\n<p>06 May 2019 (Monday): First day of Ramadan (TBC).<\/p>\n<p>05-06 June 2019 (Wednesday-Thursday): Eid El Fitr (TBC).<\/p>\n<p>10-13 October 2019 (Tuesday-Sunday) Big Industrial Week Arabia 2019, Egypt International Exhibition Center.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":627086,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-627085","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"c22fe44e-8f53-45e7-92e4-ac6c71207d43","teaser":"","photo_url":"https:\/\/ent.news\/2018\/7\/1856.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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