{"id":627550,"date":"2018-06-05T04:12:34","date_gmt":"2018-06-05T04:12:34","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=627550"},"modified":"2025-12-17T09:48:19","modified_gmt":"2025-12-17T09:48:19","slug":"house-could-pass-budget-today-after-signing-off-on-pay-bumps-for-bureaucrats-pensioners","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/house-could-pass-budget-today-after-signing-off-on-pay-bumps-for-bureaucrats-pensioners\/","title":{"rendered":"House could pass budget today after signing off on pay bumps for bureaucrats, pensioners"},"content":{"rendered":"<section id=\"627552\" 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=\"627552\">\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\/06\/05\/what-were-tracking-on-05-june-2018\/\">\r\n                            What we\u2019re tracking on 05 June 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\/06\/05\/what-were-tracking-on-05-june-2018\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The firm\u2019s execs reportedly hope the bid \u201cbrings stability while [Abraaj] works out financial obligations with creditors,\u201d the newspaper reports. <strong>Abraaj held a <\/strong><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-06-04\/dubai-s-abraaj-to-meet-creditors-today-to-discuss-restructuring\"><strong>meeting in Dubai yesterday with creditors<\/strong><\/a>, investors and others, saying in a news release (not available <a href=\"https:\/\/www.abraaj.com\/insights\/news\/press-releases?_sft_category=2018\">on its website<\/a> as of this morning) that a sale was discussed, but stopping short of mentioning New York-based Cerberus. Cerberus has \u201cgained the edge over Colony NorthStar, which had earlier held talks with Abraaj about buying its fund management business,\u201d the Journal adds. (You can check out <a href=\"https:\/\/www.bloomberg.com\/research\/stocks\/private\/snapshot.asp?privcapId=139449\">Cerberus\u2019 Bloomberg page here<\/a>; its website was down at dispatch time.)<\/p><p><strong>#2 \u2014 Apple announced a pile of new software features for Mac and iOS yesterday, but no new hardware<\/strong> and (as expected) no \u2018tentpole\u2019 features for iOS as it focuses on <a href=\"https:\/\/www.reuters.com\/article\/us-apple-developer\/apple-focuses-on-speed-parental-controls-in-software-upgrades-idUSKCN1J02J9\">stability, speed, parental controls and smartphone addiction<\/a>. Mac lovers, in particular, will be waking to a smile this morning. We like FaceTime conferences with up to 32 people for iOS and the very cool dark mode and \u2018quick look\u2019 features for macOS. <strong>The betas are out for developers now<\/strong>; normals will get access when the new software rolls out this fall, along with new versions of watchOS and tvOS. Last night\u2019s event in California is front-page news across the global business press:<\/p><ul>\n<li>7 things Apple introduced that could improve your life (<a href=\"https:\/\/www.wsj.com\/articles\/7-things-apple-introduced-that-could-improve-your-life-1528153654\">Wall Street Journal<\/a>)<\/li>\n<li>Controls to help with smartphone addiction (<a href=\"https:\/\/www.ft.com\/content\/e4048d90-6824-11e8-b6eb-4acfcfb08c11\">Financial Times<\/a> | <a href=\"https:\/\/www.theglobeandmail.com\/business\/technology\/article-apple-announces-slew-of-controls-to-help-with-smartphone-addiction\/\">Globe &amp; Mail<\/a> | <a href=\"https:\/\/www.wsj.com\/articles\/apple-unveils-ways-to-help-limit-iphone-usage-1528138570\">Wall Street Journal<\/a>)<\/li>\n<li>Apple isn\u2019t merging ios and macOS, but it is giving developers the tools to start building iOS apps that run on the Mac. (<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-06-04\/apple-to-merge-ios-mac-apps-to-make-developer-work-go-further\">Bloomberg<\/a>)<\/li>\n<\/ul><p>True iSheep can explore all the new features or watch the keynote video (runtime: 2:16:10) on <a href=\"https:\/\/www.apple.com\/apple-events\/june-2018\/\"><strong>Apple\u2019s WWDC homepage here<\/strong><\/a>.<\/p><p><strong>#3 \u2014 Starbucks boss Howard Schultz is stepping down amid speculation he is <\/strong><a href=\"http:\/\/www.businessinsider.com\/starbucks-howard-schultz-steps-down-amidst-presidential-rumors-2018-6\"><strong>mulling a bid for the White House in 2020<\/strong><\/a><strong>.<\/strong> The chain expanded from 11 stores in 1987 to more than 28k outlets in 77 countries under his leadership. \u201cFor some time now, I have been deeply concerned about our country \u2014 the growing division at home and our standing in the world,\u201d he told the <a href=\"https:\/\/www.nytimes.com\/2018\/06\/04\/business\/dealbook\/starbucks-howard-schultz.html\">New York Times<\/a> in an interview yesterday. The story is front-page news globally, with <a href=\"https:\/\/www.politico.com\/story\/2018\/06\/04\/starbucks-chairman-schultz-steps-down-622701\">Politico<\/a>, the <a href=\"https:\/\/www.ft.com\/content\/8c165f36-6834-11e8-b6eb-4acfcfb08c11\">FT<\/a> and the <a href=\"https:\/\/www.wsj.com\/articles\/starbucks-howard-schultz-to-step-down-as-executive-chairman-1528145472\">WSJ<\/a> all giving it prominent play. (<strong>Trigger warning for the politically sane among us:<\/strong> You can expect our <a href=\"http:\/\/www.arabnews.com\/node\/281313\">local tin-foil-hat brigade<\/a> will link arms with its international compatriots and focus on Schultz\u2019s dastardly (<a href=\"https:\/\/www.snopes.com\/fact-check\/a-thank-you-to-all-starbucks-customers\/\">and long-debunked<\/a>) love of our neighbors to the east.)<\/p><p><strong>#4 \u2014 Microsoft has indeed bought coding platform Github <\/strong>in a <a href=\"https:\/\/www.nytimes.com\/2018\/06\/04\/technology\/microsoft-github-cloud-computing.html\">USD 7.5 bn transaction<\/a> that has spawned all manner of bad headlines (\u201cMicrosoft Gits Github\u201d) and that leaves Github\u2019s founders with more Microsoft shares than the company\u2019s current CEO. The <a href=\"https:\/\/www.wsj.com\/articles\/microsofts-github-deal-is-a-clean-break-from-its-past-1528139079\">WSJ<\/a> has more.<\/p><p>Closer to home: <strong>The second phase of official trade union elections gets underway today<\/strong>, Manpower Minister Mohamed Saafan announced, <a href=\"http:\/\/www.almalnews.com\/Story\/378164\/19\/%D8%B3%D8%B9%D9%81%D8%A7%D9%86-%D8%A5%D8%AC%D8%B1%D8%A7%D8%A1-%D8%A7%D9%86%D8%AA%D8%AE%D8%A7%D8%A8%D8%A7%D8%AA-%D8%A7%D9%84%D8%A5%D8%B9%D8%A7%D8%AF%D8%A9-%D9%81%D9%8A-50-%D9%84%D8%AC%D9%86%D8%A9-%D9%86%D9%82%D8%A7%D8%A8%D9%8A%D8%A9-%D8%BA%D8%AF%D8%A7-%D8%A7%D9%84%D8%AB%D9%84%D8%A7%D8%AB%D8%A7%D8%A1\">Al Mal reports<\/a>. The first phase of voting had <a href=\"https:\/\/enterprise.press\/stories\/2018\/05\/24\/egypt-holds-first-workers-union-elections-after-labor-unions-acts-passage\/\">kicked off last month<\/a>, marking the first trade union elections in 12 years. The voting comes six months after the contentious Labor Unions Act \u2014 which has been widely criticized by international organizations \u2014 made its way through Parliament.<\/p><p><strong>Jordanian PM resigns as austerity protests continue to escalate:<\/strong> Protests in Jordan against proposed tax increases and austerity measures culminated in the resignation of Prime Minister Hani Mulki yesterday, <a href=\"https:\/\/www.bbc.com\/news\/world-middle-east-44358039\">BBC reports<\/a>. Jordan\u2019s King Abdullah had demanded Mulki\u2019s resignation yesterday and has reportedly tapped the country\u2019s education minister to form a new government. President Abdel Fattah El Sisi spoke to King Abdullah on the phone yesterday to discuss unspecified issues of mutual interest, according to <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/\">an Ittihadiya statement<\/a>.<\/p><p><strong>Saudi Arabia began issuing driver's licenses to women yesterday<\/strong>, three weeks ahead of a scheduled plan to allow women to get behind the wheel of a car, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-06-04\/urgent-first-saudi-women-receive-driving-licenses-amid-crackdown\">Bloomberg reports<\/a>. Ten women became the first in Saudi to receive licenses. The licenses were handed out with little fanfare, with very little media present. Bloomberg notes that several women activists who have called for the right to drive have been arrested in recent weeks on charges of being foreign collaborators.<\/p><p><strong>Your Ramadan rundown for today:<\/strong><\/p><p><strong>Bank hours <\/strong>run 09:30 am to 01:30 pm for customers and from 09:00 am to 02:00 pm for employees.<\/p><p><strong>The EGX is running shorter trading hours. <\/strong>The trading session kicks off at 10:00 am, but closes at 1:30 pm. <a href=\"http:\/\/www.egx.com.eg\/English\/newsdetails.aspx?NewsID=173218\">Tap or click here for the full schedule<\/a>.<\/p><p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>So, when do we eat? <\/strong>For those of us observing, Maghrib is at 6:54 pm CLT today. You\u2019ll have until 3:09 am tomorrow to finish your sohour.<\/p><p><strong>The latest addition to our TBR pile is legendary investigative journalist Seymour Hersh\u2019s memoir, <\/strong><a href=\"https:\/\/www.amazon.com\/Reporter-Seymour-M-Hersh-ebook\/dp\/B077CR2XDH\/ref=sr_1_1_twi_kin_1?ie=UTF8&amp;qid=1528161143&amp;sr=8-1&amp;keywords=seymour+hersh\"><strong>Reporter<\/strong><\/a>, set to be released today. Hersh will be most familiar to the majority of our readers for breaking the news of the Abu Ghraib torture and prisoner abuse scandal in Iraq and the My Lai massacre in Vietnam. The <a href=\"https:\/\/www.nytimes.com\/2018\/06\/03\/business\/media\/seymour-hersh-reporter-memoir.html\">New York Times<\/a> had an interview with the grumpiest man in journalism yesterday to mark the publication of the book.<\/p><p><strong>A story that will give every parent the chills: <\/strong><a href=\"https:\/\/www.wsj.com\/articles\/profile-of-a-school-shooter-1528023600\">This profile of a school shooter<\/a> in the Wall Street Journal, which looks at \u201cwhat turns a teen into a killer.\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\/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      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alt=\"\">\r\n                    <\/a>\r\n                    <span>Driving growth<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-left\" class=\"svg-inline--fa fa-chevron-left\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M34.52 239.03L228.87 44.69c9.37-9.37 24.57-9.37 33.94 0l22.67 22.67c9.36 9.36 9.37 24.52.04 33.9L131.49 256l154.02 154.75c9.34 9.38 9.32 24.54-.04 33.9l-22.67 22.67c-9.37 9.37-24.57 9.37-33.94 0L34.52 272.97c-9.37-9.37-9.37-24.57 0-33.94z\"><\/path><\/svg><\/button><button class=\"stk-block-carousel__button stk-block-carousel__button__next\" aria-label=\"Next slide\"><svg aria-hidden=\"true\" focusable=\"false\" 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   \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">ON THE HORIZON<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/05\/on-the-horizon-6\/\">\r\n                            On the horizon                        <\/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\/06\/05\/on-the-horizon-6\/\" target=\"_blank\">\n                    Open in new tab 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Egyptian Museum (GEM), <a href=\"https:\/\/ent.news\/2018\/6\/638.jpg\">according to the Investment Ministry (pdf)<\/a>. Antiquities Minister Khaled Anany <a href=\"https:\/\/enterprise.press\/stories\/2018\/03\/11\/culture-ministry-to-tender-management-contract-for-gem-in-may\/\">said a couple of months back<\/a> that the ministry expects to drum up significant interest. The USD 1 bn museum is set to be completed in December this year, but will hold a soft opening to visitors in the next few months.<\/p>\n<p><strong>Saudi Arabia could be upgraded<\/strong> to MSCI emerging markets status this month.<\/p>\n<p><strong>The central bank\u2019s monetary policy committee <\/strong>will meet on 28 June to review interest rates. With the meeting happening just days before the start of a new state fiscal year (and the subsidy cuts it will surely bring), conventional wisdom so far sees the committee leaving interest rates on hold.<\/p>\n<p><strong>Do you have an idea for a tech-enabled business that could make agriculture in Egypt more efficient? <\/strong>The World Bank may have seed funding, access to mentorship, and an accelerator \/ incubator program for you through its \u201cDigitalAG4Egypt\u201d program. The deadline for submissions is 1 July. <a href=\"https:\/\/www.digitalag4egypt.com\/\">Tap or click here for more information<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/on-the-horizon\/\">ON THE HORIZON<\/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=\"627557\" 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=\"627557\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/05\/last-nights-talk-shows-on-5-june-2018\/\">\r\n                            Last Night\u2019s Talk Shows on 5 June 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 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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>They\u2019re still on hiatus. <\/strong>We\u2019ll be back right after Eid.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-last-nights-talk-shows\/\">Enterprise+: Last Night\u2019s Talk Shows<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627558\" 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=\"627558\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">Speed Round<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/05\/house-signs-off-on-raises-for-civil-servants-increased-spending-on-pensions-bump-in-income-tax-exemption-ahead-of-expected-subsidy-phase-out\/\">\r\n                            House signs off on raises for civil servants, increased spending on pensions, bump in income tax exemption ahead of expected subsidy phase-out                        <\/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 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increased spending on pensions, bump in income tax exemption ahead of expected subsidy phase-out&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/05\/house-signs-off-on-raises-for-civil-servants-increased-spending-on-pensions-bump-in-income-tax-exemption-ahead-of-expected-subsidy-phase-out\/\">\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\/06\/05\/house-signs-off-on-raises-for-civil-servants-increased-spending-on-pensions-bump-in-income-tax-exemption-ahead-of-expected-subsidy-phase-out\/&title=House signs off on raises for civil servants, increased spending on pensions, bump in income tax exemption ahead of expected subsidy phase-out\">\n                    LinkedIn 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  <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/05\/house-signs-off-on-raises-for-civil-servants-increased-spending-on-pensions-bump-in-income-tax-exemption-ahead-of-expected-subsidy-phase-out\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627558\" class=\"content-area-description single-story post-627558 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>The House of Representatives has started signing off on a basket of measures that will see bns in new spending flow to public servants, low income earners and the poor <\/strong>as part of a drive to shore up the social safety net ahead of the new fiscal year. The next budget will include subsidy cuts that will translate into rising power and fuel prices. Analysts expect this to temporarily drive up inflation, which had eased to 13.1% in April from 13.3% the month before. Just keep it all in context, folks: Inflation was running at north of 30% in May of last year.<\/p>\n<p><strong>House signs off on salary, pension increases worth more than EGP 60 bn:<\/strong> Parliament\u2019s general assembly approved yesterday two special salary increases for civil servants and increased spending on pensions, <a href=\"http:\/\/d1y99r0ynoudrd.cloudfront.net\/news\/details\/1297561\">Al Masry Al Youm reports<\/a>.<\/p>\n<p><strong>Pay rises for civil servants: <\/strong>All state employees will be given a special raise ranging from EGP 140-160 a month, based on their pay grades. In additional to their annual raises, state employees not covered by the Civil Service Act will be awarded an exceptional hardship raise of 10% on their base salaries, with the minimum increase set at EGP 65. Parliament also decided to add EGP 40 to all civil servants\u2019 base salaries after haggling with Finance Minsiter Amr El Garhy, <a href=\"http:\/\/d1y99r0ynoudrd.cloudfront.net\/news\/details\/1297585\">according to the newspaper<\/a>. El Garhy reminded everyone that every EGP 10 increase in the size of this social net, will increase costs to the state budget of nearly EGP 3.5-4 bn.<\/p>\n<p><strong>Cops and soldiers are getting pay bumps, too: <\/strong>The House\u2019s Defense and National Security Committee approved a 15% rise in military and police pensions with the start of the new fiscal year, mirroring the raise for civil servants, <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=04062018&id=168d58d7-0158-43e6-80da-cc5817c73c5c\">Al Shorouk reports<\/a>.<\/p>\n<p><strong>Pensions also look set to rise<\/strong>, with most pensioners getting a 15% bump and the minimum monthly pension climbing to EGP 750 from EGP 500. Social Solidarity Minister Ghada Wali has sent proposals for the Finance Ministry on how the pension increases should work out in practice, <a href=\"http:\/\/www.shorouknews.com\/news\/view.aspx?cdate=04062018&id=5828a679-05a5-4161-af3e-9ea861811012\">according to Al Shorouk<\/a>. The House Manpower Committee had <a href=\"https:\/\/enterprise.press\/stories\/2017\/04\/18\/government-hypes-up-social-spending\/\">approved on Sunday<\/a> the 15% pension hike and new monthly minimum pension.<\/p>\n<p><strong>Raises and pension increases combined will cost state coffers around EGP 60 bn<\/strong>, Prime Minister Sherif Ismail told reporters yesterday.<\/p>\n<p><strong>House Budget Committee signs off on raising income tax exemption threshold: <\/strong>The House of Representatives\u2019 Budget Committee also gave businesses (who in Egypt remit employee income taxes as wage taxes to the state) a small break yesterday, raising the basic personal exemption from income tax to EGP 8,000 from EGP 6,500 previously, <a href=\"https:\/\/alborsanews.com\/2018\/06\/04\/1109260\">according to Finance Minister Amr El Garhy<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"627571\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627572\" 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=\"627572\">\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\/06\/05\/qatar-smackdown-anniversary-is-the-only-egypt-non-football-related-coverage\/\">\r\n                            Qatar smackdown anniversary is the only Egypt non-football related coverage                        <\/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\/06\/05\/qatar-smackdown-anniversary-is-the-only-egypt-non-football-related-coverage\/\" 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\/06\/05\/qatar-smackdown-anniversary-is-the-only-egypt-non-football-related-coverage\/')\">\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\/06\/05\/qatar-smackdown-anniversary-is-the-only-egypt-non-football-related-coverage\/\">\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=Qatar smackdown anniversary is the only Egypt non-football related coverage&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/05\/qatar-smackdown-anniversary-is-the-only-egypt-non-football-related-coverage\/\">\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\/06\/05\/qatar-smackdown-anniversary-is-the-only-egypt-non-football-related-coverage\/&title=Qatar smackdown anniversary is the only Egypt non-football related coverage\">\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=Qatar+smackdown+anniversary+is+the+only+Egypt+non-football+related+coverage+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F06%2F05%2Fqatar-smackdown-anniversary-is-the-only-egypt-non-football-related-coverage%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\/06\/05\/qatar-smackdown-anniversary-is-the-only-egypt-non-football-related-coverage\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627572\" class=\"content-area-description single-story post-627572 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>Qatar smackdown anniversary is the only Egypt non-football related coverage:<\/strong> Beyond coverage of Egypt\u2019s World Cup preparation, the only Egypt-related story gaining traction in the foreign press is its part in the year-long boycott of Qatar. There\u2019s nothing particularly noteworthy in the coverage aside from<strong> Saudi Arabia\u2019s threat this week to launch a military attack on Qatar if it installed anti-aircraft defenses.<\/strong> Saudi Arabia's King Salman has threatened to take military action if Qatar installs a Russian air defence system in a letter to French President Emmanuel Macron, according to a piece by Le Monde newspaper <a href=\"https:\/\/www.haaretz.com\/middle-east-news\/saudis-threaten-to-attack-if-qatar-deploys-anti-aircraft-missiles-1.6139008\">picked up in Haaretz<\/a>. <a href=\"https:\/\/www.usnews.com\/news\/world\/articles\/2018-06-04\/ap-news-guide-what-to-know-about-the-year-old-qatar-crisis\">The AP<\/a> has a refresher on the war of words, while the<a href=\"https:\/\/www.thenational.ae\/opinion\/editorial\/a-year-on-the-quartet-stands-firm-against-doha-aggression-1.736891\">UAE\u2019s National<\/a> is running a piece from the editorial board on how the GCC countries and Egypt are resolute in their demands.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-in-the-news\/\">Egypt in the News<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627573\" 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=\"627573\">\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\/06\/05\/economic-reforms-would-meet-less-resistance-if-the-govt-seemed-more-cautious-in-its-spending\/\">\r\n                            Economic reforms would meet less resistance if the gov\u2019t seemed more cautious in its spending                        <\/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\/06\/05\/economic-reforms-would-meet-less-resistance-if-the-govt-seemed-more-cautious-in-its-spending\/\" 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\/06\/05\/economic-reforms-would-meet-less-resistance-if-the-govt-seemed-more-cautious-in-its-spending\/')\">\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\/06\/05\/economic-reforms-would-meet-less-resistance-if-the-govt-seemed-more-cautious-in-its-spending\/\">\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=Economic reforms would meet less resistance if the gov\u2019t seemed more cautious in its spending&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/05\/economic-reforms-would-meet-less-resistance-if-the-govt-seemed-more-cautious-in-its-spending\/\">\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\/06\/05\/economic-reforms-would-meet-less-resistance-if-the-govt-seemed-more-cautious-in-its-spending\/&title=Economic reforms would meet less resistance if the gov\u2019t seemed more cautious in its spending\">\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=Economic+reforms+would+meet+less+resistance+if+the+gov%E2%80%99t+seemed+more+cautious+in+its+spending+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F06%2F05%2Feconomic-reforms-would-meet-less-resistance-if-the-govt-seemed-more-cautious-in-its-spending%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\/06\/05\/economic-reforms-would-meet-less-resistance-if-the-govt-seemed-more-cautious-in-its-spending\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627573\" class=\"content-area-description single-story post-627573 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>Tough economic reforms would meet less popular resistance if the government seemed to be more cautious in its spending<\/strong>, Emad El Din Hussein says in a <a href=\"http:\/\/www.shorouknews.com\/columns\/view.aspx?cdate=04062018&id=1a9fbedb-2b86-4a2e-9300-cb0eca2e2401\">column for Al Shorouk<\/a>. Hussein argues that people who are faced with prices hikes are wont to nitpick at the government\u2019s expenditures, and are likely to feel like they\u2019ve been given the short end of the stick if they see that the government is spending on unnecessary items such as official motorcades or issuing bonuses to employees of indebted public companies. He suggests that the government should make it clear to the public that its belt-tightening measures do not only apply to the citizenry and that austerity measures are being implemented on all levels. <a href=\"http:\/\/d1y99r0ynoudrd.cloudfront.net\/news\/details\/1297155\">Al Masry Al Youm\u2019s<\/a> Dina Abdel Fattah also urges the government to focus on improving basic services such as health, education, and transportation in parallel with raising prices as a means of selling the benefits of reforms.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/on-deadline\/\">On Deadline<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627574\" 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=\"627574\">\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\/06\/05\/embracing-authoritarianism-is-an-expected-reflex-to-the-cruelty-of-free-markets\/\">\r\n                            Embracing authoritarianism is an expected reflex to the cruelty of free markets                        <\/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\/06\/05\/embracing-authoritarianism-is-an-expected-reflex-to-the-cruelty-of-free-markets\/\" 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\/06\/05\/embracing-authoritarianism-is-an-expected-reflex-to-the-cruelty-of-free-markets\/')\">\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\/06\/05\/embracing-authoritarianism-is-an-expected-reflex-to-the-cruelty-of-free-markets\/\">\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=Embracing authoritarianism is an expected reflex to the cruelty of free markets&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/05\/embracing-authoritarianism-is-an-expected-reflex-to-the-cruelty-of-free-markets\/\">\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\/06\/05\/embracing-authoritarianism-is-an-expected-reflex-to-the-cruelty-of-free-markets\/&title=Embracing authoritarianism is an expected reflex to the cruelty of free markets\">\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=Embracing+authoritarianism+is+an+expected+reflex+to+the+cruelty+of+free+markets+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F06%2F05%2Fembracing-authoritarianism-is-an-expected-reflex-to-the-cruelty-of-free-markets%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\/06\/05\/embracing-authoritarianism-is-an-expected-reflex-to-the-cruelty-of-free-markets\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2018\/6\/73.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"627575\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/05\/embracing-authoritarianism-is-an-expected-reflex-to-the-cruelty-of-free-markets\/73-jpg-19\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/6\/73.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"73.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/6\/73.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/6\/73.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627574\" class=\"content-area-description single-story post-627574 post type-post status-publish format-standard has-post-thumbnail hentry category-worth-reading tag-enterpriseam tag-worth-reading wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The embrace of authoritarianism is an expected reflex reaction to the cruelty of free markets.<\/strong> At least that\u2019s what Brandeis University professor Robert Kuttner postulates in his book, \u201cCan Democracy Survive Global Capitalism?\u201d Caleb Crain <a href=\"https:\/\/www.newyorker.com\/magazine\/2018\/05\/14\/is-capitalism-a-threat-to-democracy\">writes for the New Yorker<\/a>. Kuttner\u2019s argument is grounded in Hungarian intellectual Karl Polanyi\u2019s theory from the 1930s that essentially argues that capital markets can be \u201ccruel\u201d and inflict enough pain on workers to push them towards embracing fascism in hopes of cutting out the negative elements of capitalism.<\/p>\n<p><strong>Choosing fascism? <\/strong>\u201cIn Polanyi\u2019s opinion, whenever the profit-making impulse becomes deadlocked with the need to shield people from its harmful side effects, voters are tempted by the \u2018fascist solution\u2019: reconcile profit and security by forfeiting civic freedom.\u201d While contemporary politics are similar to those of Polanyi\u2019s time in some aspects, Kuttner says \u201ctoday\u2019s political impasse is different from that of the nineteen-thirties. It is being caused not by a stalemate between leftist governments and a reactionary business sector but by leftists <i>in<\/i> government who have reneged on their principles.\u201d This distress, Kuttner says, is setting the stage for renewed vulnerability to the fascist solution.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/worth-reading\/\">worth reading<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627576\" 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=\"627576\">\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\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/05\/sdx-starts-drilling-new-appraisal-well-at-south-disouq\/\">\r\n                            SDX starts drilling new appraisal well at South Disouq                        <\/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\/06\/05\/sdx-starts-drilling-new-appraisal-well-at-south-disouq\/\" 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\/06\/05\/sdx-starts-drilling-new-appraisal-well-at-south-disouq\/')\">\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\/06\/05\/sdx-starts-drilling-new-appraisal-well-at-south-disouq\/\">\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=SDX starts drilling new appraisal well at South Disouq&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/05\/sdx-starts-drilling-new-appraisal-well-at-south-disouq\/\">\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\/06\/05\/sdx-starts-drilling-new-appraisal-well-at-south-disouq\/&title=SDX starts drilling new appraisal well at South Disouq\">\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=SDX+starts+drilling+new+appraisal+well+at+South+Disouq+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F06%2F05%2Fsdx-starts-drilling-new-appraisal-well-at-south-disouq%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\/06\/05\/sdx-starts-drilling-new-appraisal-well-at-south-disouq\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627576\" class=\"content-area-description single-story post-627576 post type-post status-publish format-standard hentry category-energy tag-energy tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.c59465ae-7c32-4777-92b7-5254180c4553.mp3\"><\/audio><\/figure>\n<p>SDX Energy <a href=\"https:\/\/mma.prnewswire.com\/media\/699768\/SDX_Energy_Inc__SDX_ENERGY_INC____SDX__or_the__Company_____Spud.pdf?p=original\">announced on Monday (pdf)<\/a> that it started drilling works on the SD-4X appraisal well at its South Disouq concession. The well \u2014 the first of two planned appraisal wells in the company's 2018 drilling campaign at South Disouq \u2014 will take up to 30 days to drill.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627577\" 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=\"627577\">\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\">Basic Materials + Commodities<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/05\/egypts-cotton-exports-rise-181-6-y-o-y-in-2q2017-18\/\">\r\n                            Egypt\u2019s cotton exports rise 181.6% y-o-y in 2Q2017-18                        <\/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\/06\/05\/egypts-cotton-exports-rise-181-6-y-o-y-in-2q2017-18\/\" 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\/06\/05\/egypts-cotton-exports-rise-181-6-y-o-y-in-2q2017-18\/')\">\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\/06\/05\/egypts-cotton-exports-rise-181-6-y-o-y-in-2q2017-18\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt\u2019s cotton exports rise 181.6% y-o-y in 2Q2017-18&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/05\/egypts-cotton-exports-rise-181-6-y-o-y-in-2q2017-18\/\">\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\/06\/05\/egypts-cotton-exports-rise-181-6-y-o-y-in-2q2017-18\/&title=Egypt\u2019s cotton exports rise 181.6% y-o-y in 2Q2017-18\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt%E2%80%99s+cotton+exports+rise+181.6%25+y-o-y+in+2Q2017-18+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F06%2F05%2Fegypts-cotton-exports-rise-181-6-y-o-y-in-2q2017-18%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\/06\/05\/egypts-cotton-exports-rise-181-6-y-o-y-in-2q2017-18\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627577\" class=\"content-area-description single-story post-627577 post type-post status-publish format-standard hentry category-basic-materials-commodities tag-basic-materials-commodities tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.a523597d-0b18-44eb-a7a6-0630be165d7e.mp3\"><\/audio><\/figure>\n<p>Egypt\u2019s cotton exports rose 181.6% y-o-y in 2Q2017-18 to 379,700 qintars, up from 134,800 qintars during the same period last year, according to CAPMAS figures <a href=\"http:\/\/www.shorouknews.com\/news\/view.aspx?cdate=04062018&id=e1f8b5dd-f1a6-49d4-9248-93c176d2cde1\">cited by Al Shorouk<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/basic-materials-commodities\/\">Basic Materials + Commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627578\" 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=\"627578\">\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\">Health + Education<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/05\/international-eye-hospital-plans-to-set-up-three-facilities-in-egypt-and-abroad\/\">\r\n                            International Eye Hospital plans to set up three facilities in Egypt and abroad                        <\/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\/06\/05\/international-eye-hospital-plans-to-set-up-three-facilities-in-egypt-and-abroad\/\" 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\/06\/05\/international-eye-hospital-plans-to-set-up-three-facilities-in-egypt-and-abroad\/')\">\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\/06\/05\/international-eye-hospital-plans-to-set-up-three-facilities-in-egypt-and-abroad\/\">\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=International Eye Hospital plans to set up three facilities in Egypt and abroad&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/05\/international-eye-hospital-plans-to-set-up-three-facilities-in-egypt-and-abroad\/\">\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\/06\/05\/international-eye-hospital-plans-to-set-up-three-facilities-in-egypt-and-abroad\/&title=International Eye Hospital plans to set up three facilities in Egypt and abroad\">\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=International+Eye+Hospital+plans+to+set+up+three+facilities+in+Egypt+and+abroad+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F06%2F05%2Finternational-eye-hospital-plans-to-set-up-three-facilities-in-egypt-and-abroad%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\/06\/05\/international-eye-hospital-plans-to-set-up-three-facilities-in-egypt-and-abroad\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627578\" class=\"content-area-description single-story post-627578 post type-post status-publish format-standard hentry category-health-education tag-enterpriseam tag-health-education wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.f4e260b9-4792-474b-b93e-37fc7ad2ced9.mp3\"><\/audio><\/figure>\n<p>The International Eye Hospital is planning to establish two facilities abroad in the coming period in addition to opening a satellite facility in Giza, Chairman Beshr Kenawy said, <a href=\"http:\/\/www.almalnews.com\/Story\/378108\/14\/%D9%85%D8%B3%D8%AA%D8%B4%D9%81%D9%89-%D8%A7%D9%84%D8%B9%D9%8A%D9%88%D9%86-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A-%D8%AA%D8%AF%D8%B4%D9%86-%D9%81%D8%B1%D8%B9%D9%8B%D8%A7-%D8%AC%D8%AF%D9%8A%D8%AF%D9%8B%D8%A7-%D8%A8%D8%A7%D9%84%D8%AC%D9%8A%D8%B2%D8%A9---%D9%88%D9%81%D8%B1%D8%B9%D9%8A%D9%86-%D9%81%D9%8A-%D8%A7%D9%84%D8%AE%D8%A7%D8%B1%D8%AC\">Al Mal reports<\/a>. Kenawy did not provide any details on the expected investment value of the planned expansions or where the international facilities will be established.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/health-education\/\">Health + Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627579\" 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=\"627579\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">Tourism<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/05\/pyramisa-hotels-plans-to-readdress-agri-ministry-to-build-egp-500-mn-resort\/\">\r\n                            Pyramisa Hotels plans to readdress Agri Ministry to build EGP 500 mn resort                        <\/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\/06\/05\/pyramisa-hotels-plans-to-readdress-agri-ministry-to-build-egp-500-mn-resort\/\" 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\/06\/05\/pyramisa-hotels-plans-to-readdress-agri-ministry-to-build-egp-500-mn-resort\/')\">\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\/06\/05\/pyramisa-hotels-plans-to-readdress-agri-ministry-to-build-egp-500-mn-resort\/\">\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=Pyramisa Hotels plans to readdress Agri Ministry to build EGP 500 mn resort&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/05\/pyramisa-hotels-plans-to-readdress-agri-ministry-to-build-egp-500-mn-resort\/\">\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\/06\/05\/pyramisa-hotels-plans-to-readdress-agri-ministry-to-build-egp-500-mn-resort\/&title=Pyramisa Hotels plans to readdress Agri Ministry to build EGP 500 mn resort\">\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=Pyramisa+Hotels+plans+to+readdress+Agri+Ministry+to+build+EGP+500+mn+resort+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F06%2F05%2Fpyramisa-hotels-plans-to-readdress-agri-ministry-to-build-egp-500-mn-resort%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\/06\/05\/pyramisa-hotels-plans-to-readdress-agri-ministry-to-build-egp-500-mn-resort\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627579\" class=\"content-area-description single-story post-627579 post type-post status-publish format-standard hentry category-tourism tag-enterpriseam tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.bed7ed8e-5592-42d2-8e16-231746b13fd4.mp3\"><\/audio><\/figure>\n<p>Pyramisa is planning to resurrect a EGP 500 mn touristic resort by Egypt\u2019s new Grand Egyptian Museum in Giza, which authorities had refused to license last year claiming the company was looking to build on agricultural land, Chairman Magdy Azab <a href=\"http:\/\/www.almalnews.com\/Story\/378072\/11\/-%D8%A8%D9%8A%D8%B1%D8%A7%D9%85%D9%8A%D8%B2%D8%A7-%D9%84%D9%84%D9%81%D9%86%D8%A7%D8%AF%D9%82--%D8%AA%D8%B9%D8%AA%D8%B2%D9%85-%D8%A5%D8%AD%D9%8A%D8%A7%D8%A1-%D9%85%D8%B4%D8%B1%D9%88%D8%B9-%D8%A7%D9%84%D9%85%D9%86%D8%AA%D8%AC%D8%B9-%D8%A7%D9%84%D8%B3%D9%8A%D8%A7%D8%AD%D9%89-%D8%A8%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-500-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AC%D9%86%D9%8A%D9%87\">tells Al Mal<\/a>. The company plans to self-finance the project and is currently studying partnership opportunities with an unnamed real estate developer.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627580\" 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=\"627580\">\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\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/05\/fao-launches-usd-2-3-mn-fruit-vegetable-waste-reduction-program\/\">\r\n                            FAO launches USD 2.3 mn fruit, vegetable waste reduction 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\/06\/05\/fao-launches-usd-2-3-mn-fruit-vegetable-waste-reduction-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\/06\/05\/fao-launches-usd-2-3-mn-fruit-vegetable-waste-reduction-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\/06\/05\/fao-launches-usd-2-3-mn-fruit-vegetable-waste-reduction-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=FAO launches USD 2.3 mn fruit, vegetable waste reduction program&url=https:\/\/enterpriseam.com\/egypt\/2018\/06\/05\/fao-launches-usd-2-3-mn-fruit-vegetable-waste-reduction-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\/06\/05\/fao-launches-usd-2-3-mn-fruit-vegetable-waste-reduction-program\/&title=FAO launches USD 2.3 mn fruit, vegetable waste reduction 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=FAO+launches+USD+2.3+mn+fruit%2C+vegetable+waste+reduction+program+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2018%2F06%2F05%2Ffao-launches-usd-2-3-mn-fruit-vegetable-waste-reduction-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\/06\/05\/fao-launches-usd-2-3-mn-fruit-vegetable-waste-reduction-program\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627580\" class=\"content-area-description single-story post-627580 post type-post status-publish format-standard hentry category-on-your-way-out tag-enterpriseam wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>FAO launches USD 2.3 mn fruit, vegetable waste reduction program:<\/strong> The Food and Agriculture Organization (FAO) has launched a USD 2.3 mn project in Egypt and Tunisia to cut down on the spoilage and waste of vulnerable crops such as tomatoes and grapes, FAO\u2019s representative in Egypt <a href=\"https:\/\/dailynewsegypt.com\/2018\/06\/04\/fao-launches-2-3-programme-to-reduce-losses-of-tomatoes-grapes-fao-representative\/\">Hussein Gadain says<\/a>. The program, which is funded by the Italian Agency for Development Cooperation, includes training sessions for farmers to help them reduce their crop losses.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627583\" 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=\"627583\">\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\">The Market Yesterday<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/05\/627583\/\">\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\/06\/05\/627583\/\" 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\/06\/05\/627583\/')\">\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\/06\/05\/627583\/\">\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\/06\/05\/627583\/\">\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\/06\/05\/627583\/&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%2F06%2F05%2F627583%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\/06\/05\/627583\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627583\" class=\"content-area-description single-story post-627583 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 17.85 | Sell 17.95<strong><br \/>\n EGP \/ USD at CIB:<\/strong> Buy 17.84 | Sell 17.94<br \/>\n <strong>EGP \/ USD at NBE: <\/strong>Buy 17.8 | Sell 17.9<\/p>\n<p><strong>EGX30<\/strong> (Monday): 16,404 (-1.6%)<br \/>\n <strong>Turnover:<\/strong> EGP 924 mn (18% BELOW the 90-day average)<br \/>\n <strong>EGX 30 year-to-date<\/strong>: +9.2%<\/p>\n<p><strong>THE MARKET ON MONDAY:<\/strong> The EGX30 ended Monday\u2019s session down 1.6%. CIB, the index heaviest constituent ended down 0.7%. EGX30\u2019s top performing constituents were Abu Qir Fertilizers up 3.5%, Abu Dhabi Islamic Bank up 0.9% and GB Auto up 0.4%. Yesterday\u2019s worst performing stocks were TMG Holding down 7.1%, Emaar Misr down 3.8%, and Heliopolis Housing down 3.7%. The market turnover was EGP 924 mn, and foreign investors were the sole net sellers.<\/p>\n<p><strong>Foreigners<\/strong>: Net Short | EGP -92.5 mn<br \/>\n <strong>Regional<\/strong>: Net Long | EGP +18.3 mn<br \/>\n <strong>Domestic<\/strong>: Net Long | EGP +74.1 mn<\/p>\n<p><strong>Retail<\/strong>: 35.2% of total trades | 35.7% of buyers | 34.7% of sellers<br \/>\n <strong>Institutions<\/strong>: 64.8% of total trades | 64.3% of buyers | 65.3% of sellers<\/p>\n<p><strong>Foreign:<\/strong> 29.3% of total | 25.5% of buyers | 33.1% of sellers<br \/>\n <strong>Regional:<\/strong> 8.4% of total | 9.1% of buyers | 7.6% of sellers<br \/>\n <strong>Domestic:<\/strong> 62.3% of total | 65.3% of buyers | 59.3% of sellers<\/p>\n<p><strong>WTI:<\/strong> USD 65.09 (+0.53%)<br \/>\n <strong>Brent:<\/strong> USD 75.52 (+0.31%)<\/p>\n<p><strong>Natural Gas<\/strong> (Nymex, futures prices) USD 2.92 MMBtu, (-0.31%, July 2018 contract)<br \/>\n <strong>Gold:<\/strong> USD 1,296.20 \/ troy ounce (-0.08%)<br \n<\/p>\n<p><strong>TASI:<\/strong> 8,335.39 (+0.07%) (YTD: +15.35%)<br \/>\n <strong>ADX:<\/strong> 4,577.15 (+0.24%) (YTD: +4.06%)<br \/>\n <strong>DFM:<\/strong> 3,034.64 (+1.59%) (YTD: -9.95%)<br \/>\n <strong>KSE Premier Market:<\/strong> 4,720.34 (+0.22%)<br \/>\n <strong>QE:<\/strong> 9,117.39 (+2.09%) (YTD: +6.97%)<br \/>\n <strong>MSM:<\/strong> 4,584.95 (-0.37%) (YTD: -10.09%)<br \/>\n <strong>BB: <\/strong>1,265.32 (-0.03%) (YTD: -4.99%)<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-market-yesterday\/\">The Market Yesterday<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"627584\" 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\/06\/05\/627584\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-627584\" class=\"content-area-description single-story post-627584 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>14 June (Thursday): 2018 World Cup kickoff match between Russia and Saudi Arabia, Moscow, Russia.<\/p>\n<p>15 June (Friday): Egypt\u2019s first 2018 World Cup match against Uruguay, Yekaterinburg, Russia.<\/p>\n<p>15-17 June (Friday-Sunday): Eid Al Fitr (TBC), national holiday (Look for possible Monday off given the first day falls on a Friday).<\/p>\n<p>19 June (Tuesday): Egypt plays against Russia at 2018 World Cup, St. Petersburg, Russia.<\/p>\n<p>25 June (Monday): Egypt plays against Saudi Arabia at 2018 World Cup, Volgograd, Russia.<\/p>\n<p>28 June (Thursday): CBE\u2019s Monetary Policy Committee meeting.<\/p>\n<p>1 July (Sunday): Application deadline for the DigitalAG4Egypt Challenge.<\/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>04-05 September (Tuesday-Wednesday): <a href=\"https:\/\/www.euromoneyconferences.com\/event\/a01D000001355HLIAY\/the-euromoney-egypt-conference-2018\">Euromoney Egypt Conference 2018<\/a>, Cairo.<\/p>\n<p>11 September (Tuesday): Islamic New Year (TBC), national holiday.<\/p>\n<p>24-25 September (Monday-Tuesday): <a href=\"http:\/\/www.arqaamconference.com\/\">Arqaam Capital MENA Investors Conference 2018<\/a>, Four Seasons Resorts, Dubai.<\/p>\n<p>24-25 September (Monday-Tuesday): <a href=\"https:\/\/egyptwaterdesalination.iqpc.com\/\">Egypt Water Desalination Forum<\/a>, venue TBD.<\/p>\n<p>27 September (Thursday): CBE\u2019s Monetary Policy Committee meeting.<\/p>\n<p>06 October (Saturday): Armed Forces Day, national holiday.<\/p>\n<p>23-24 October (Tuesday-Wednesday): <a href=\"http:\/\/platforms-root-technologies.com\/icec-2018\/\">Intelligent Cities Exhibition & Conference 2018<\/a>, Fairmont Towers Heliopolis, Cairo.<\/p>\n<p>15 November (Thursday): CBE\u2019s Monetary Policy Committee meeting.<\/p>\n<p>20 November (Tuesday): Prophet's Birthday (TBC), national holiday.<\/p>\n<p>22 November (Thursday): US Thanksgiving.<\/p>\n<p>25-28 November (Sunday-Wednesday): 22nd Cairo ICT, Cairo Convention Center, Nasr City, Cairo.<\/p>\n<p>03-05 December (Monday-Wednesday): <a href=\"https:\/\/www.egyptdefenceexpo.com\/\">First Egypt Defense Expo<\/a>, Egyptian International Exhibition Center, Cairo.<\/p>\n<p>25 December (Tuesday): Western Christmas.<\/p>\n<p>27 December (Thursday): CBE\u2019s Monetary Policy Committee meeting.<\/p>\n<p>01 January 2019 (Tuesday): New Year's Day, national holiday.<\/p>\n<p>07 January 2019 (Monday): Coptic Christmas.<\/p>\n<p>25 January 2019 (Friday): Police Day, national holiday.<\/p>\n<p>25 April 2019 (Thursday): Sinai Liberation day, national holiday.<\/p>\n<p>28 April 2019 (Sunday): Easter Sunday, national holiday.<\/p>\n<p>29 April 2019 (Monday): Easter Monday, national holiday.<\/p>\n<p>01 May 2019 (Wednesday): Labor Day, national holiday.<\/p>\n<p>06 May 2019 (Monday): First day of Ramadan (TBC).<\/p>\n<p>05-06 June 2019 (Wednesday-Thursday): Eid El Fitr (TBC).<\/p>\n\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":627551,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-627550","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"4941a22e-5885-4c69-82d9-7def5effff13","teaser":"","photo_url":"https:\/\/ent.news\/2016\/1\/54.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium 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